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American Military News
2 days ago
- Business
- American Military News
Alabama defense contractor acquires Albuquerque's Verus Research
The Albuquerque-based Verus Research on Monday announced that Alabama-based contractor Radiance Technologies acquired it over the weekend. The companies hope the move, effective as of Sunday, will expand their combined capabilities across the energy, space, prototyping, cybersecurity, data science and artificial intelligence fields. The New Mexico research and development company will maintain its local operations as a wholly owned subsidiary of Radiance. Verus Research CEO Grady Patterson declined to disclose the amount of the deal. 'By combining those two (companies), we're able to leverage each other's strengths,' Patterson said in an interview. The acquisition aligns with state efforts to establish itself as a tech hub, leveraging its rich R&D legacy at places like Sandia National Laboratories and Los Alamos National Laboratory while expanding into emerging areas such as quantum computing and artificial intelligence. Radiance Technologies, founded in 1999, is an employee-owned prime contractor with more than 1,000 employee-owners across the U.S. It works with the U.S. Department of Defense and other national intelligence firms, and already has a presence in New Mexico through project offices at Kirtland Air Force Base and White Sands Missile Range. Much of Verus' work also involves the DOD, Mark DelGrande, the chief technology officer at Verus, told the Journal in a Business Outlook podcast episode last year. Patterson described the work at Verus as 'cutting-edge technical prototyping, hardware development, proof of concept,' whereas Radiance has a deep technical domain. Patterson said there will be no job consolidations at Verus as part of the acquisition. Verus, which has appeared four times on the Inc. 5000 list and was founded in 2014, expanded its New Mexico presence in 2021 with a 41,000-square-foot building in southeast Albuquerque. It recently opened a 27,000-square-foot remodeled office and laboratory space with state-of-the-art robotics and radio frequency design capabilities, according to a news release. 'We're not leaving the community,' Patterson said. 'We're not refocused off the community. Our engagement will still be with the surrounding community. We're still here to help build that tech hub for New Mexico.' He acknowledged that acquisitions can be nerve-wracking, but said this takeover by Radiance will ultimately bring growth to the state. 'Instead of one-off proof of concepts, it might be larger, higher-tech maturity systems that are being used by our warfighters on a shorter time scale,' Patterson said. ___ © 2025 the Albuquerque Journal Distributed by Tribune Content Agency, LLC.
NZ Herald
29-05-2025
- Business
- NZ Herald
Business confidence falls in May
ANZ's Business Outlook survey shows confidence slipped further in May. Business confidence fell 12 points to +37 in May, while expected own activity fell 13 points to +35. However, late-month responses were higher than earlier-month ones. 'The main messages coming out of our Business Outlook survey are that the economy
NZ Herald
30-04-2025
- Business
- NZ Herald
Business confidence falls 9 points as US tariff turmoil takes a toll
ANZ 's Business Outlook survey shows confidence has taken a hit in April as US trade policy rattled markets. 'The month of April was punctuated by global market turmoil precipitated by US tariff announcements,' said ANZ chief economist Sharon Zollner. 'We can divide
Associated Press
14-04-2025
- Business
- Associated Press
FBS Earns Prestigious Industry Recognition: "Best Forex Broker Asia 2025"
SINGAPORE - Media OutReach Neswire - 14 April 2025 - FBS, a leading global broker, proudly celebrates a significant milestone. The company has been named the Best Forex Broker ASIA 2025 by World Business Outlook, reaffirming its leadership and trusted presence across the Asian financial landscape. MDP-8405 1200х800-1 This esteemed accolade reflects FBS's consistent dedication to empowering traders with cutting-edge solutions, innovative trading platforms, and a strong focus on client success. With over 16 years in the market and a presence in more than 150 countries, FBS continues to build a reputation for excellence — especially in Asia, where trading communities are thriving and demanding top-tier services. All you need for an efficient trading lifestyle is the promise FBS brings to every client. With exceptional trading conditions like leverage up to 1:3000, commissions from zero, spreads from 0.7 pips, and lightning-fast order execution from 0.01 seconds, the broker delivers a truly competitive edge. Deposits start from just $5, making the markets more accessible to all traders than ever. In addition to the prestigious recognition, FBS was also honored with the Best Forex Customer Service Broker ASIA 2025 title, highlighting the company's strong customer-centric approach. From 24/7 multilingual support to localized services and educational resources, FBS ensures every trader receives the guidance and tools they need to succeed in today's dynamic market. 'FBS helps traders grow stronger at every step of their trading journey,' said an FBS representative. 'These awards are a testament to the trust our clients place in us. We're honored to serve millions of traders across Asia and remain committed to making trading more accessible, rewarding, and secure.' FBS extends its gratitude to World Business Outlook and its global trading community. The company sees this achievement not as a final goal but as a driving force to keep delivering excellence in every interaction. Disclaimer: This material does not constitute a call to trade, trading advice, or recommendation and is intended for informational purposes only. Hashtag: #FBS #trading #forex #Asia #Broker The issuer is solely responsible for the content of this announcement. About FBS FBS is a global brand that unites several independent brokerage companies under the licenses of FSC (Belize), CySEC (Cyprus), and ASIC (Australia). With 16 years of experience and over 100 international awards, FBS is steadily developing as one of the market's most trusted brokers. Today, FBS serves over 27 000 000 traders and more than 700 000 partners around the globe.
The National
25-03-2025
- Business
- The National
North Sea has potential to produce ‘half of all UK oil and gas by 2050'
The North Sea could produce about half of the oil and gas the UK needs over the next 25 years if new projects can be developed, industry chiefs have said. The Offshore Energies UK trade association (OEUK) said that, as it stands, the UK is on track to produce four billion of the 13-to-15 billion barrels of oil and gas the UK will need will need in the run-up to 2050. However, OEUK argued that by 'unlocking additional resources from waters around the coast' this could be increased to about seven billion barrels – a move which the industry body said could be worth £150 billion to the UK economy. Speaking as it published its 2025 Business Outlook report, chief executive David Whitehouse said this could only happen if the UK government consents to new projects. In January, Donald Trump criticised the UK's move away from oil and gas production, urging the UK to 'open up' the North Sea and get rid of 'windmills'. The US president-elect said in a social media post that Britain is 'making a very big mistake' with its energy policy. Since Labour came to power the Department for Energy Security and Net Zero has maintained it will not issue licences to explore new fields, as it seeks to reduce emissions towards the target of the UK achieving net zero by 2050. The government has announced plans to end the windfall tax on oil and gas profits in 2030 and has launched a consultation on the future of the North Sea energy sector. This month, the Department for Energy Security and Net Zero (DESNZ) will talk to communities, businesses, trade unions, workers and green groups to develop a plan for a phased offshore energy transition in the region. The two-month consultation will look at harnessing the North Sea's existing infrastructure, natural assets and expertise to deploy new technologies, such as hydrogen, carbon capture and storage, and renewables. Mr Whitehouse, however, said that while 'the bulk of that additional oil and gas' could come from existing fields, it would 'require new projects to meet that target' of the UK producing seven billion barrels. He noted that independent advisers at the Climate Change Committee had said that to get to net zero by 2050 the UK would need some 13 billion-to-15 billion barrels of oil and gas. 'Today, we're on track to produce only four billion of those barrels in the UK, but with the right polices to encourage firms to invest we could unlock another three billion barrels and meet half our entire needs,' said Mr Whitehouse. Such a move would add £150 billion of gross value to the UK economy, he stated. Making the remarks Mr Whitehouse stressed: 'Energy security is national security. In an increasingly volatile world, the widening gap between the energy we produce and what we import matters.' He added: 'People all recognise that on the journey to net zero we will need oil and gas for decades to come. It makes sense for the UK to produce as much as it can itself.' Ben Ward, market intelligence manager for OEUK, meanwhile said that gas from the North Sea had fewer carbon emissions associated with it than imported gas. 'On average imported energy, liquefied natural gas, has a carbon intensity of four times the emissions of domestically produced gas. 'So, there is a real environmental benefit to producing as much gas domestically as we can.' Even while the UK strives towards net zero, Mr Ward said oil and gas would continue to 'play a significant part' in meeting UK energy needs 'By 2050, a fifth of the energy we consume will still be oil and gas, even under a net zero scenario,' he said. 'If we make the right choices we can produce half of that domestically ourselves.' Mr Ward continued: 'As we look forward oil and gas will still maintain a massive part of our energy sector and we need to make sure we are producing as much of that domestically as we can to protect jobs, to generate income, to create energy security.' OEUK's Business Outlook report, meanwhile, insisted that 'there are still substantial opportunities in oil and gas in the UKCS [UK Continental Shelf]' – noting there were four billion barrels of oil equivalent (BOE) 'at various states of readiness' with a further two to three billion BOE 'available to develop over time'. The report said: 'The UK is projected to use at least 13-15 billion BOE by 2050. Using its own resources would help build energy security, support the exchequer and benefit the environment.' A Department for Energy Security and Net Zero spokesperson said: 'Oil and gas production will continue to play an important role for decades to come, with the majority of future production in the North Sea expected to come from producing fields or fields already being developed on existing licences. 'New licences awarded in the last decade have made only a marginal difference to overall oil and gas production. 'Only by sprinting to clean power by 2030 can the UK take back control of its energy and protect both family and national finances from fossil fuel price spikes.'
