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Forget cars, for one Spaniard autonomous future is forklifts

Bloomberg In Burgos, a province in central Spain better known for archaeological digs and blood-sausages than for innovation, engineer Veronica Pascual is building automated vehicles. Not cars though, but fork-lifts, stackers and pallet trucks. Pascual, a 38-year-old aeronautical engineer, owns Asti, a company that produces so-called AGVs, or automated guided vehicles — mobile robots used in factories and warehouses that ...

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Canon launches innovative lens to capture close-up shots

Abu Dhabi / Emirates Business Canon Middle East, world leader in imaging solutions, launched a new innovative lens: the EF-S 35mm f/2.8 Macro IS STM. Designed to capture stunning Macro and close-up photography, the EF-S 35mm f/2.8 Macro IS STM features Canon’s unique built-in Macro Lite technology and is the first lens of its kind in the EF-S range. Forming ...

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Wells Fargo holds back funds, unsettles mortgage bond market

Bloomberg Wells Fargo & Co. surprised investors this week by withholding more than $90 million due to buyers of pre-crisis residential mortgage-backed securities (RMBS). The bank said it invoked its right as trustee to hold back funds to cover legal costs. The 20 transactions had a principal balance of $540 million and are among more than 2,000 deals involved in ...

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