In its third quarter update, 1414 Degrees reported a significant cash position, including AU$1.5 million for a contracted turbine.

1414 Degrees (ASX:14D), cleantech company, reported a AU$7.7 million cash balance for the third quarter, coupled with a AU$1.5 million advance for its large-scale turbine and energy storage applications.

The company also stated that it expects an additional boost to its cash balance in November following a research and development (R&D) rebate from the Australian Taxation Office.

As quoted in the press release:

The R&D team are focussed on technology to fully exploit silicon’s lower unit cost of energy storage to deliver large scale energy storage. They have been testing a new silicon containment technology to provide a solution for all scales and devices. A materials scientist will soon join the team to accelerate development and oversee our collaborative work with several Australian and international research organisations and suppliers.

Our new Thermal Systems Engineering team will focus on optimising the system design and components to maximise the performance of the TESS system. They are fine tuning a complete energy model of the TESS to enable prediction and optimisation of equipment and storage configurations to suit customer requirements. This will mean we can design and build the most efficient configurations as we scale to TESS-GRID capacity. Business Development will use the Thermal Systems team for concept design and performance modelling.

Click here to read the full press release.

Square, Inc. Announces Plans to Acquire Afterpay, Strengthening and Enabling Further Integration Between its Seller and Cash App Ecosystems

Brings together two of the fastest growing global fintech companies to advance shared mission of economic empowerment and financial inclusion

Square, Inc. (NYSE: SQ) and Afterpay Limited (ASX: APT) today announced that they have entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately US$29 billion (A$39 billion) based on the closing price of Square common stock on July 30, 2021, and is expected to be paid in all stock. The acquisition aims to enable the companies to better deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes. The closing of the transaction is expected in the first quarter of calendar year 2022, subject to the satisfaction of certain closing conditions outlined below.

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Patients can only receive medicinal cannabis products via a specialist and then may have to wait up to a month for government approval. However, there are signs that the limits to access are slowly lessening, including the approval of over-the-counter cannabidiol (CBD) products and new breakthroughs in government-sponsored medical cannabis research.

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Click here to read the previous Australia mining update.

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Here the Investing News Network looks at what's happened in Australia's mining sector so far in 2021, and what could be ahead in the second half.

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Afterpay Taps Amazon Executive as New General Manager of Canada

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Afterpay (ASX:APT), the leader in “Buy Now, Pay Later” payments, today announced that it has appointed Ryann Carruthers as General Manager of Canada . Ryann will help accelerate Afterpay’s growth in the market by driving key business functions – including sales, client relationships and partnerships. She joins Afterpay as the company celebrates its first anniversary in Canada .

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Investing in Lithium in Australia

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Without a doubt, the energy revolution is here to stay, with forecasts for electric vehicle (EV) sales increasing every day. As a result, demand for lithium, a key element in the lithium-ion batteries used to power electric cars, is expected to triple by 2025 — reaching about 1 million tonnes in size.

For investors interested in getting into the space, here’s a brief overview of the basic facts to know about investing in lithium in Australia, including what stocks to keep an eye on.

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Square, Inc. Announces Plans to Acquire Afterpay, Strengthening and Enabling Further Integration Between its Seller and Cash App Ecosystems

Brings together two of the fastest growing global fintech companies to advance shared mission of economic empowerment and financial inclusion

Square, Inc. (NYSE: SQ) and Afterpay Limited (ASX: APT) today announced that they have entered into a Scheme Implementation Deed under which Square has agreed to acquire all of the issued shares in Afterpay by way of a recommended court-approved Scheme of Arrangement. The transaction has an implied value of approximately US$29 billion (A$39 billion) based on the closing price of Square common stock on July 30, 2021, and is expected to be paid in all stock. The acquisition aims to enable the companies to better deliver compelling financial products and services that expand access to more consumers and drive incremental revenue for merchants of all sizes. The closing of the transaction is expected in the first quarter of calendar year 2022, subject to the satisfaction of certain closing conditions outlined below.

Keep reading... Show less

Afterpay Taps Amazon Executive as New General Manager of Canada

Afterpay Canada to accelerate regional growth with new leadership

Afterpay (ASX:APT), the leader in “Buy Now, Pay Later” payments, today announced that it has appointed Ryann Carruthers as General Manager of Canada . Ryann will help accelerate Afterpay’s growth in the market by driving key business functions – including sales, client relationships and partnerships. She joins Afterpay as the company celebrates its first anniversary in Canada .

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Zip and Quadpay Unveil New Unified Brand to Strengthen Position in the Global BNPL Ecosystem

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A year ago, global payment technology pioneer Zip Co Limited ( ASX: Z1P ) acquired the award-winning U.S. buy now, pay later (BNPL) platform, Quadpay. Today, Zip is unifying its rapidly growing global business under one name to increase brand awareness and leverage more resources to lead the future of digital, universal payment technology.

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Afterpay (ASX:APT), the leader in “Buy Now, Pay Later” payments, and Unibail-Rodamco-Westfield (URW), owner of Westfield shopping centers in the U.S., today announced an integrated, multi-year national partnership to support retailers by offering consumers a more flexible way to pay for their purchases as they return to shopping in stores.

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Afterpay Unlocks New Pulse Rewards – Opens to All Afterpay Customers

Afterpay (ASX:APT), the leader in “Buy Now, Pay Later” payments, today announced it has vastly expanded Pulse Rewards, its unique loyalty program that recognizes members for paying on time.

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Afterpay Expands Service to Largest Online Brands

Afterpay (ASX:APT), the leader in “Buy Now, Pay Later” payments, today announced that it’s making its service available to select app customers at the most popular and largest merchants in the United States including Amazon, CVS, Dell, Kroger, Macy’s, Nike, Nordstrom, Nordstrom Rack Sephora, Target, Victoria’s Secret, Walgreens and Yeti. These merchants represent almost half of all U.S. ecommerce volume.

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