Atlantic ocean current responsible for heat distribution could shut down
The most likely point of collapse is projected to be in 2057. This could lead to significant climatic challenges, including increased warming in the tropics and heightened storm activity in the North Atlantic region. Key Points
India TodayUK permits 'world-first' flight powered by sustainable fuels
Britain's aviation regulator announced Monday it has issued Virgin Atlantic with a permit for a world-first transatlantic flight powered entirely by sustainable aviation fuels (SAF). The UK regulator analysed various aspects of the planned flight, including undertaking ground testing with Rolls-Royce on a Trent 1000 engine running on 100 percent SAF. Key Points
Economic TimesExclusive: General Atlantic explores sale of software company EngageSmart
Private equity firm General Atlantic LLC is exploring a sale of EngageSmart Inc (ESMT.N), a payments software vendor that has a market value of $3.2 billion, according to people familiar with the matter. Key Points
ReutersPhonePe bags another $100 million from General Atlantic
With this, the digital payments firm has stacked up $750 million till date in its ongoing raise. General Atlantic and its affiliate funds have poured in a total of $450 million as part of the raise. Key Points
Economic TimesStruck by Byju’s, General Atlantic’s India ship is in distress. Will it survive?
The PE firm invested nearly $400 million in Byju’s. It may turn to dust. While that would be a big blow, General Atlantic is counting on big payoffs from other investments to balance out its portfolio. But, the Byju’s experience could change how and where the firm invests, going ahead. Key Points
mint
Atlantic Hurricane Season 2023: Check all the names and forecast here
As hurricane season approaches, it is crucial to stay informed and prepared. While the 2023 Atlantic hurricane season is expected to be near to slightly below average, it only takes one storm to cause significant damage and disruption. Key Points
Economic TimesOcean Temperatures Keep Shattering Records—and Stunning Scientists
Sea surface temperatures have been skyrocketing beyond expectations. That may be a bad sign for hurricane season—and the health of ocean ecosystems. Key Points
WIREDMissing Titanic submersible: Oxygen nearing zero in the vessel as search for 5 passengers continues
OceanGate-operated submersible named Titan, set off on Sunday to see the wreck of Titanic lying in the Atlantic. With five passengers and a crew on board, the vessel was reported missing about an hour and 45 minutes after its dive into the ocean. Now, fears have mounted that the missing persons in submersible are left with little or no breathable air. Key Points
Economic TimesPhonePe gets additional USD 100 million fund from General Atlantic
"PhonePe confirms a USD 100 million additional tranche of investment from General Atlantic, a leading global growth equity firm, and its co-investors as part of our ongoing fundraise. General Atlantic initially invested USD 350 million in PhonePe in January 2023." Key Points
FinancialexpressAtlantic hurricane season coming soon: All you need to know about tropical cyclones
Forecasters predict that the 2023 Atlantic hurricane season will be near to slightly below average. This forecast is influenced by an anticipated El Niño event. Key Points
Hindustan Times
Consumer spending underwhelming, UK retailers turn to 'extreme bargains'
Matches' woes are the latest sign that retailers' trouble is spreading across the Atlantic amid weaker consumer spending. Shops have been pushed to the breaking point after inflation has boosted their expenses and weighed on consumer spending, and even heavy discounting isn't enough to save them. Key Points
Economic TimesHurricane tracker: What is Fujiwhara Effect? Will tropical storms Rina and Philippe really dance together?
Storms Rina and Philippe will dance together over the Atlantic Ocean. Really? Know in detail what is this and what it means. Key Points
Economic TimesMissing Titanic sub: What catastrophic implosion means? Know what could have happened to Titan
The submersible operated by OceanGate, named Titan, lost contact about an hour and 45 minutes after its dive into the North Atlantic ocean to see the wreckage of Titanic. It was known to have life support to last for 96 hours. However, on Thursday, as the search operation failed to find the sub, authorities declared that all five persons on board might have died. Key Points
Economic TimesExclusive: Reliance JioMart lays off 1,000 employees; govt groups may submit AI rules framework soon
Layoffs have now hit Reliance Industries, with its wholesale format JioMart sacking over employees, as per people in the know. This and more in todays ETtech Morning Dispatch. Key Points
Economic TimesEverstone to exit Burger King
There were reports that Jubilant FoodWorks is also in the fray to acquire the stake. However, when contacted, the company said the rumours are baseless. Key Points
Financialexpress