Now playing: Watch this: So what does it actually taste like? The crunch from the breading and the smell from the fry was exactly what I expected from a good chicken nugget. But I was pleasantly surprised at how similar the cultured chicken itself tasted compared to the real deal, even if it didn’t look like your typical KFC or McDonald’s nugget. You can watch the video to find out more.Just’s next cultured meat product will be wagyu beef. Several other companies are also developing clean meat derived from animal cells, like Memphis Meats (chicken and duck) and SuperMeat (also chicken).If you’re hankering to try your own cultured chicken nugget, you’ll have to hold tight a little longer. The nugget needs to get USDA and FDA approval in the US, but Just says it’ll first be available in selected high-end restaurants in Asia later this year once it gets regulatory approval. The video on this page is an episode of Beta Test, the show that puts you in the front seat with me as I test out crazy tech products and experiences. Check back each month for a new show! You can also find the series on YouTube. Chicken nuggets usually get a pretty bad rap. Whether they’re filled with mystery meat or come with a mouthful of additives, they also involve slaughtering an animal. But the nugget I’m about to eat from San Francisco-based Just was grown in a lab, using cells taken from a living chicken. It’s cultured meat (and cruelty-free).Carnivores, breathe a sigh of relief. Tags Unlike entirely plant-based products such as the Impossible Burger, the Just chicken nugget is actual meat.Cultured meat, also called lab-grown or clean meat, starts with the collection of cells, usually done through a biopsy so the animals aren’t harmed. Just says it has also been able to get cells from a chicken feather. The most viable cells are chosen and then given the right nutrients they need to grow in a bioreactor. In the case of this chicken nugget, those nutrients are plant-based.Not only does cultured meat avoid sacrificing animals, it could take fewer resources to produce than traditional livestock. Around 14.5 percent of the world’s greenhouse gas emissions are from livestock, according to a report from the Food and Agriculture Organization of the United Nations. But one study questions how environmentally friendly clean meat products could be if the process is energy-intensive.The chicken nugget once plated with Just’s plant-based mayo as a dipping sauce. CNET Just’s cultured chicken product takes around two weeks to grow in a bioreactor. The team of chefs plays a major part in creating the product once the scientists have developed the biology. “They are really the ones that can assemble everything and come up with the ideal ratios of cell types,” says Vitor Santo, director of cellular agriculture. Beta Test Share your voice 7:58 Comments Sci-Tech Healthy eating 6 Trying a lab-grown chicken nugget
The IL&FS group is facing serious liquidity crisis and has defaulted on interest payments on various debt repayments since 27 August.ReutersThe audit report by Grant Thornton India on debt-ridden infrastructure financier, Infrastructure Leasing & Financial Services (IL&FS), has highlighted severe irregularities such as conflicts of interest, inadequate risk assessment and deviation from banking norms. As per the interim audit report submitted to the board of the beleaguered IL&FS, transactions of more than Rs 13,000 crore could be directly linked to rampant irregularities.The report underlined that in at least 29 instances, loan proceeds to borrowers was eventually utilised by the group companies to repay existing debt obligations with IL&FS Financial Services Limited (IFIN).In the financial year 2016, SKIL Infrastructure’s Gujarat-Dwarka Portwest Ltd took a loan of Rs 253 crore and during the same period, SKIL Infrastructure repaid Rs 230 crore to IFIN. Similarly, between 2017 and 2019, Rs 365 crore was disbursed by IFIN to Flemingo Group at the same time, its group companies repaid Rs 407 crore to IFIN. Uday Kotak, newly appointed Non-Executive Chairman of Infrastructure Leasing and Financial Services Ltd. (IL&FS) addresses a news conference at the company’s headquarters in Mumbai, October 4, 2018.REUTERS/Danish SiddiquiMoreover, in the last fiscal, India Cements’ Chennai Super Kings Ltd borrowed Rs 65 crore from IFIN and, at the same time EWS Finance & Investment Pvt Ltd paid Rs 40 crore to IFIN, the report said. The draft report scrutinized all high-value transactions carried out by IL&FS Limited and few of its group companies for the period between April 1, 2013, and September 30, 2018.Over Rs. 6,000 crore is linked to the transaction at IL&FS Financial Service Ltd (IFIN) that violated banking governance norms laid by the Reserve bank of India (RBI). Around Rs 2,270 crore, proceeds to borrowers of IFIN was utilised by certain IL&FS group companies out of which Rs 1,150 crore was injected into IL&FS Transportation Network Ltd (ITNL). Notably, the crisis broke out in July 2018 when the road arms started facing difficulty in making repayments due on its bonds.The audit report showed that there were many instances where funds worth Rs. 541 crore were taken for short-term purposes and utilised for long-term purposes. “We reviewed the Asset Liability Management Committee (ALCO) minutes and noted the details of funding gaps (i.e. funds not available for estimated committed disbursement). Based on the details, it appears that since May 2013, IFIN was under stress to borrow funds in order to fulfil the commitment of loans already sanctioned,” the report mentioned.
Prime minister Sheikh HasinaPrime minister Sheikh Hasina returned home from Sydney in the early hours of Monday wrapping up her three-day official visit to Australia to join the Global Summit of Women.In the summit, the prime minister was conferred on the prestigious Global Women’s Leadership Award-2018.A Thai Airways flight carrying the prime minister and her entourage members landed at Hazrat Shahjalal International Airport in Dhaka at 12:50am.On her way home from Sydney, the prime minister made a nearly one hour stopover in the Thai capital of Bangkok.Earlier, the prime minister departed Kingsford Smith International Airport in Sydney for Dhaka at 4:00pm local time (12 noon BST).Bangladesh high commissioner to Australia Md Sufiur Rahman saw the prime minister off at the airport.In Sydney, the prime minister received the Global Women’s Leadership Award-2018 on Friday at a gala dinner at International Convention Centre (ICC).The US-based Global Summit of Women conferred the award on Sheikh Hasina for her leadership in women’s education and entrepreneurship in Bangladesh.The prime minister held a meeting with Australian counterpart Malcom Turnbull at his residence on Saturday, while Vietnamese vice president Dang Thi Ngoc Thinh and Australian foreign minister Julie Bishop called on her in the Intercontinental Sydney Hotel.Sheikh Hasina visited Western Sydney University and joined a community event at Sofitel Hotel in Sydney on Saturday.
Free Webinar | Sept. 9: The Entrepreneur’s Playbook for Going Global Growing a business sometimes requires thinking outside the box. Ending weeks of fervent speculation, PayPal has made it official: its mobile payment processing unit Braintree will soon start accepting Bitcoin payments.As expected, the subsidiary, which PayPal scooped up for $800 million in cash last September, has joined forces with Coinbase to integrate “One Touch” Bitcoin payments in the coming months. The exact date the first cryptocash payments through Braintree will begin rolling isn’t yet available.Braintree CEO Bill Ready announced the big Bitcoin news yesterday at TechCrunch Disrupt in San Francisco.Related: 5 Reasons Merchants Should Start Accepting Bitcoin Now“This is PayPal making a move to embrace Bitcoin,” Ready said during his talk at the popular tech industry event. Braintree quickly followed Ready’s reveal with a blog post offering more on the news.Coming soon to a checkout near you – a seamless Bitcoin experience w. Braintree + @coinbase! Join merchant beta: firstname.lastname@example.org.— Braintree (@braintree) September 8, 2014“At PayPal, we’re excited by Braintree’s announcement to add bitcoin to the payment methods they support on their innovative mobile payments platform,” a PayPal spokesperson told Entrepreneur.com this morning.Chicago-based Braintree is the latest high-profile company to partner with Coinbase. The San Francisco-based Bitcoin exchange and wallet service processes Bitcoin payments for some 36,000 merchants, including Overstock.com, OkCupid, 1-800-Flowers and DISH Network.Related: PayPal Unit Reportedly in Talks to Accept BitcoinMany of Braintree’s partners are equally recognizable big-name firms. They include several hot tech startups like Airbnb, Basecamp, Dropbox, Hotel Tonight, LivingSocial, OpenTable, TaskRabbit and Uber, all of which could soon see their customers paying in Bitcoin thanks to Braintree.PayPal’s flirtation with Bitcoin integration has been percolating for months, with eBay CEO John Donahoe dropping hints at the company’s annual shareholder meeting last May that it was getting more serious about the world’s first digital currency.Yesterday, ahead of Braintree’s announcements, the eBay-owned company directly heralded its support for Bitcoin in a minute-long teaser video titled “PayPal Voices.” The minute-long clip, posted on PayPal’s official YouTube page, set the greater Bitcoin community ablaze on social media yesterday with speculation that perhaps PayPal is finally making a move to embrace Bitcoin in and of itself, outside of its Braintree subsidiary.Related: PayPal Is Cracking Down on Bitcoin Sellers“Our phone is our wallet,” a rapid-fire stream of actors, aka “the voices of the people economy,” chimed in unison, 10 seconds into the hectic, fast forward-style vignette. “We can spend bitcoin with a tap, without a pocket.”Related: Blockchain Returns to the Apple App Store After Bitcoin BanNo need for rumors. PayPal told Entrepreneur.com that it is indeed toying with ways to integrate Bitcoin. Exactly how remains to be seen. The company’s still weighing its options. Maybe the Braintree-Coinbase alliance is PayPal’s version of a trial run. We’ll see.Our One Touch #tech and #Bitcoin integration enables a more seamless and secure payment experience: http://t.co/iLORJ3gPGd. #paypalit— PayPal (@PayPal) September 8, 2014“We do believe that bitcoin will play an important role in payments in the future and we’re actively considering ways to work with it within PayPal,” the spokesperson said, “but for now we have nothing to announce.”Related: How Bitcoin Is Fueling a New Payments Battlefield 3 min read Register Now » September 9, 2014