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The Role of the LEI Register in Modern Compliance and Regulation

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Transparency and accountability in financial transactions are paramount in an increasingly interconnected global economy. The Legal Entity Identifier has emerged as a critical tool in this context.

This unique 20-character alphanumeric code provides a standardized identifier for legal entities participating in monetary transactions worldwide, thereby enhancing the efficiency and security of the global economic system. [Read more…] about The Role of the LEI Register in Modern Compliance and Regulation

The Vital Role of LEI Records in Business Authentication

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In the labyrinthine world of global finance and commerce, trust and transparency are the bedrocks of successful transactions. The Legal Entity Identifier (LEI) is a powerful tool that enhances trust and ensures businesses’ authenticity.

This article explores LEI records’ pivotal role in authenticating businesses, safeguarding transactions, and fortifying the global financial ecosystem. It is also very important to note that every financial institution must enroll in LEI Register. [Read more…] about The Vital Role of LEI Records in Business Authentication

Dobot introduces expanded lineup of non-contact cobots

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Collaborative robot manufacturer Dobot and its US-based master distributor DB Cobots have unveiled the addition of its 3 kg and 10 kg collaborative robots to the existing 5 kg version of the Safe Skin model previously available.

This expanded lineup will enable more industries and companies to use cobots with the safest technology available in their automation, says the company.

Dobot’s standard line of Industrial Cobots are inherently safe by stopping when the arm makes contact with an object. [Read more…] about Dobot introduces expanded lineup of non-contact cobots

Additive manufacturing startups MakerBot and Ultimaker agree to merge

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MakerBot and Ultimaker, two of the best-known startups in desktop 3D printing, have come to a “business combination agreement” – or a merger.

The company says the move will accelerate the adoption of additive manufacturing by providing a comprehensive desktop 3D printing ecosystem of hardware, software, and materials.

The new entity will be backed by existing investors, NPM Capital and Stratasys, and will benefit from a planned cash investment of $62.4 million to fuel innovation and expansion into new markets. [Read more…] about Additive manufacturing startups MakerBot and Ultimaker agree to merge

GM confirms discussions to sell Lordstown Complex to Workhorse

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General Motors has confirmed that it is in discussions with Workhorse Group and an affiliated, newly formed entity to sell the company’s Lordstown Complex in Lordstown, Ohio.

The move – which was informally announced by US President Donald Trump earlier –  has the potential to bring significant production and electric vehicle assembly jobs to the plant, says GM.

Upon final agreement, the entity, led by Workhorse founder Steve Burns, would acquire the facility. Workhorse would hold a minority interest in the new entity. [Read more…] about GM confirms discussions to sell Lordstown Complex to Workhorse