In January Stephen Klasko, chief executive of Jefferson Health, which runs hospitals in Philadelphia, chatted to a bank boss. The financier told him that 20 years ago health care and banking were the only industries yet to embrace the consumer and digital revolution. “Now”, Mr Klasko recalls him adding, “you are alone.” The banker had a point. The McKinsey Global Institute, the in-house think-tank of the eponymous consultancy, reckons that when it comes to digitisation, health care has lagged behind not just banking but travel, retail, carmaking and even packaged goods. Some 70% of American hospitals still fax and post…

Singapore has granted San Francisco start-up Eat Just Inc. regulatory approval to sell its laboratory-grown chicken in the city-state -- the world's first government to allow the sale of cultured meat. The product, created from cultured chicken cells, has been approved as an ingredient in chicken bites following Singapore Food Agency (SFA) approval, Eat Just said Tuesday. Initially, the chicken bites will debut in a Singapore restaurant, with plans for wider expansion into dining and retail establishments in the country, Josh Tetrick, co-founder and CEO of Eat Just told CNN Business. The product will be priced at parity with premium…

Tertiary Education Trust Fund (TETFund), has enlisted 12 Nigerian universities as pioneer centres of excellence to spearhead research and development programmes that would contribute to national growth. The universities includes University of Abuja(UNIABUJA), University of Benin(UNIBEN), University of Ibadan (UI), University of Maiduguri (UNIMAD), Bayero University Kano (BUK), Nnamdi Azikiwe University (UNIZIK), Akwa, University of Uyo (UNIUYO), and Micheal Okpara University of Agriculture, Umudike. Others are University of Jos (UNIJOS), University of Lagos (UNILAG), Abubakar Tafawa Balewa University (ATBU) and Uthman Danfodio University, Sokoto. The Executive Secretary of TETFund, Suleiman Bogoro presenting allocation letters and guidelines to Vice Chancellors of…

It sounds like science fiction: giant solar power stations floating in space that beam down enormous amounts of energy to Earth. And for a long time, the concept – first developed by the Russian scientist, Konstantin Tsiolkovsky, in the 1920s – was mainly an inspiration for writers. A century later, however, scientists are making huge strides in turning the concept into reality. The European Space Agency has realised the potential of these efforts and is now looking to fund such projects, predicting that the first industrial resource we will get from space is “beamed power”. Climate change is the greatest…