September 5, 2019

Loan growth at historic low even as banks are awash with cash

first_imgEven though banks are aflush with money in the wake of demonetisation, their loan growth has taken a hit and is near historic lows. Between November 11 and December 23, 2016, credit offtake declined by Rs 5,229 crore, touching a low of 5.1 percent, while banks’ deposits increased by around Rs 4 lakh crore.Also read: Demonetisation: RBI responds to reports that 97% of banned notes have been returnedAnd that could be a matter of concern, State Bank of India (SBI) said in its research report, Ecowrap.The SBI note explained the link between rate cut and credit growth, saying when the Reserve Bank of India (RBI) reduced repo rate by 125 basis points (bps) during January 2015 till March 2016, and banks by 70 bps to the customer, there was a substantial increase in credit to housing to the tune of nearly Rs 1.5 lakh crore.Even prior to that, from November 2008 to August 2010, banks had slashed lending rate by 75-80 bps and they witnessed credit growth of around Rs 7.3 lakh crore from a yearly average growth of Rs 4 lakh crore.Interestingly, in July 2010, banks had shifted from the benchmark prime lending rate (BPLR) method of the lending rates to base rate system and that had resulted in a substantial decline in lending rates, which boosted the average credit growth to 22.0 percent in the period July 2010-March 2011, compared to 18.1 percent in April to June 2010. Last year in April, banks again shifted to the marginal cost of funds-based lending rate (MCLR) from base rate system, but there were no significant differences in both the lending rates.But now that the SBI and other lenders have slashed MCLR rates almost 80-90 bps at one go, the report anticipates a strong case for a credit growth rebound, at least in the housing sector. It would be interesting to see if credit growth picks up in the near future, says the note.Sectoral deployment of credit for November 2016 indicates that there is a slowdown in credit across all the sub-sectors on year-to-date (YTD) basis, while on year-on-year (YoY) basis, credit to services has increased marginally. SBI says, “During this period, major sub-sectors in the industry which witnessed deceleration or contraction in credit include infrastructure, food processing, chemical and chemical products, all engineering, textiles and basic metal and metal products. Credit to housing has also declined, while auto loans are showing traction in YoY credit growth, which may be due to the low base.”Meanwhile, SBI expects demonetisation-led cash crunch to normalise by February.At the end of December, only 44 percent of the demonetised currency was replaced. SBI estimates that if the RBI continues to print as it is doing now, then by January end about 67 percent of the currency should get replaced and by February, at this rate, the RBI could print as much as 89 percent of the total currency. However, if the RBI decides to shift its printing more towards smaller denomination, this number could be close to 80 percent, the SBI note highlighted.”Either way, we maintain, contrary to market perception, that things will be closer to normal by Feb-end as opposed to predictions of the crisis lasting longer,” SBI adds.At the same time, India’s largest lender believes the RBI is unlikely to cut repo rate in February as global uncertainties may again play spoilsport.It said inflation trajectory is expected to remain significantly benign. The December inflation numbers may witness a reading closer to 3.2-3.3 percent.”Though inflation may increase in March, it may still be closer to the lower band of 4-4.5 per cent. Hence, the scope for an accommodative monetary cycle will continue even in the financial year 2017-2018,” the report said.last_img read more

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September 3, 2019 IMF summit shaken as strong quake hits Indonesia

IMF summit shaken as strong quake hits Indonesia

first_imgThis handout photo taken and released by the International Monetary Fund (IMF) on 11 October 2018 shows IMF managing director Christine Lagarde (3rd R) attending a meeting with Pakistan finance minister Asad Umar (3rd L) at the Bali Convention Centre during the 2018 IMF/World Bank annual meetings in Nusa Dua on the Indonesian resort island of Bali. Photo: AFPAn earthquake Thursday killed three people in Indonesia and rattled hotels where IMF delegates are attending a major summit, a fortnight after a quake-tsunami killed more than 2,000 elsewhere in the archipelago.The 6.0-magnitude earthquake struck off the coast of Indonesia’s Bali and Java islands in the early hours, injuring nearly 30 people and sending residents rushing into the streets.Some attendees in Bali for the International Monetary Fund and World Bank annual meetings this week evacuated their hotels as the quake shook the island.”I felt the quake for at least 30 seconds and I panicked. At first I didn’t want to go out but then I decided to leave,” Katharina Sudiyono, an Indonesian attendee at the summit, told AFP.Peter Jacobs, head of the Indonesian Central Bank’s IMF-World Bank taskforce, said delegates in Bali’s Nusa Dua district for the summit were quickly informed of the situation.”Many summit participants woke up and asked questions, but we immediately sent out information to them that there had been an earthquake and the impact in Nusa Dua,” he told AFP.There were no immediate reports of damage or injuries in Bali and the summit proceeded Thursday uninterrupted.”We send our condolences to those affected by the earthquake. Here in Bali, the earthquake has not caused significant damage nor any disruption to the meetings,” an IMF spokesman said.The conference centre was designed to withstand seismic events, and participants had been told to remain there in the event of a quake.In case of tsunami risk, attendees would be evacuated to a nearby building.Holidayers in the island’s popular tourist districts also rushed into the streets as buildings swayed.”Wow, that was really strong and it lasted a long time,” said one woman who took refuge in a hotel parking lot in Nusa Dua, a few kilometres from where the IMF and World Bank are holding their meetings.Others in Nusa Dua, south of Bali’s main international airport, also panicked.”The quake was very big. I immediately woke up and took my little kids out of the house,” Ni Komang Sudiani told AFP.”All my neighbours were also running, said the mother of two.- Volatile archipelago -Dwikorita Karnawati, the head of Indonesia’s geophysics agency who was also in Nusa Dua for the IMF summit, said no tsunami warning was issued.”I felt the quake too,” she told AFP. “We are also still gathering data from our team in East Java.’In East Java, three people were crushed to death in their sleep when the quake brought down buildings and damaged some 210 houses in Sumenep district, East Java police spokesman Frans Barung Mangera told AFP.In nearby Sampang district, 27 people were injured and 36 houses damaged across eight villages, Mangera added.The tremor jolted many residents awake and sent them rushing into the streets.”Everybody panicked and the entire village ran outside. We have never experienced an earthquake as strong as last night,” said Zainurrohman, a 21-year-old from the district who like many Indonesians goes by one name.”We stayed outside until dawn,” he told AFP.The tremor’s epicentre was in the Bali Sea around 40 kilometres (25 miles) off the eastern end of Java island, according to the United States Geological Survey.The tremor comes after a 7.5-magnitude quake and subsequent tsunami struck off the Indonesian island of Sulawesi last month — around 1,000 kilometres northeast of the latest quake’s epicentre — killing more than 2,000 people.Thousands more remain missing since the twin disaster ravaged the city of Palu and surrounding areas. The search for the dead is expected to end Thursday.A string of earthquakes in Lombok in eastern Indonesia killed more than 550 people over the summer.Indonesia, one of the most disaster-prone nations on earth, straddles the so-called Pacific “Ring of Fire”, where tectonic plates collide and many of the world’s volcanic eruptions and earthquakes occur.last_img read more

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September 3, 2019 Hasina Abe discuss durable solution to Rohingya crisis

Hasina Abe discuss durable solution to Rohingya crisis

first_imgBangladesh`s Prime Minister Sheikh Hasina (L) and Japan`s Prime Minister Shinzo Abe attend a joint media conference at Abe`s official residence in Tokyo on 29 May 2019. Photo: AFPPrime minister Sheikh Hasina and her Japanese counterpart Shinzo Abe on Wednesday discussed ways to find a durable and early solution to the humanitarian and political crisis that has emanated from the displacement of over a million Rohingya people from Myanmar to Bangladesh, reports UNB.Hasina said Japan understands that the solution to this crisis lies in the early, safe and dignified return of this displaced people to their homeland in Myanmar.She said it is necessary for Myanmar to create conducive atmosphere in Rakhine State for the return of the displaced people.”I thank the Japanese government for its generous support to handle the crisis, and for its efforts to support early repatriation of the displaced people to Myanmar,” Hasina said.Hasina and Abe reiterated their commitment to take Bangladesh-Japan relations to new a height of cooperation and partnership.”I’m confident we’ll achieve that much given the excellent understanding and friendship that exist between our two peoples and our governments,” said Hasina while delivering her statement at a joint press meet.Sheikh Hasina and Abe witnessed the signing of 40th ODA Loan Package of US dollar 2.5 billion to develop infrastructure and promote investment in Bangladesh.Hasina thanked Abe for this loan package.Hasina said they have also decided to strengthen mutual cooperation in international platforms to fight against terrorism and violent extremism, mitigating risk emanating from climate change, ensuring denuclearisation to keep children safe and extending support to each other’s efforts to expand the horizon of peace and knowledge.She said Japan occupies a very special place in the hearts of the people of Bangladesh. “The level of commitment that Japan has been showing since our independence in 1971 is truly remarkable.”Hasina said father of the nation Bangabandhu Sheikh Mujibur Rahman dreamt of making Bangladesh a prosperous nation and his vision of development was greatly influenced by the development history of Japan.”After more than 48 years since our independence in 1971, we can now confidently say we’re moving in the right direction to fulfil that dream. And it’s reassuring to have Japan by our side always,” she said.Hasina said she and Abe discussed the entire gamut of bilateral relations and agreed on several new ideas to enhance and strengthen the level of cooperation between the two countries.She said Bangladesh has achieved all the criteria to graduate from the least developed country to a developing one and they have set their goal to become a developed country by 2041.”Prime minister Abe has assured me that Japan will stand by Bangladesh and extend necessary support to reach that goal,” she said.The two leaders have agreed to explore all possible areas where two countries can find mutually beneficial outcomes.”Our discussion was greatly focused on enhancing regional connectivity to harness the full potentials of the countries and improving physical infrastructure would be a critical factor to establish effective connectivity,” Hasina said.She said prime minister Abe has assured her that Japan will continue to provide assistance to realise that target.”Considering the importance of developing the Southeast of Bangladesh, we’ve discussed ideas to build quality infrastructures in that region,” Hasina said.”We believe that international trade and flow of investment are key channels to strengthen economic cooperation. We have put special emphasis on regional stability and peace,” she added.Hasina said it is always a pleasure to be here in this beautiful country. “I’m particularly delighted to be here at the advent of the new era, Reiwa, ushering in beautiful harmony.”She extended her warmest felicitations to Emperor Naruhito, Members of the Imperial Family and the Japanese people on the joyous occasion of his enthronement.”I’m deeply moved by the hospitality that the government of Japan has extended to me and my delegation. My sincere thanks to all the officials of Japan who worked very hard to make my visit smooth and comfortable,” she added.last_img
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September 1, 2019 Murphy Family Mourns death of George Benjamin Murphy III at 72

Murphy Family Mourns death of George Benjamin Murphy III at 72

first_imgOn Saturday, July 1, 2017, George B. Murphy III  of Washington, D.C., died surrounded by family and close friends. He was 72.Murphy was born in Washington to Lillie Jones Murphy of Columbia, S.C., and George B. Murphy Jr., of Baltimore, Md. He is the great-grand son of AFRO American Newspapers founder John H. Murphy, Sr.  George B. Murphy IIIMurphy was a graduate of Cardozo High School in Washington, D.C. where he ran track and played basketball.  He later attended Coppin State University and graduated with a bachelor’s degree in social science. After graduating from Coppin, he followed in his mother’s footsteps and worked some time as a substitute teacher. Later, he worked in the airline industry where he developed a 30-year career—20 years as a flight attendant with Eastern Airlines and then 10 years on the ground with United Airlines.Murphy had an adventurous personality enjoyed being a part of the D.C. community. He developed a strong circle of diverse friends in several of the places he also called “home,” like Atlanta, Miami and San Juan, Puerto Rico.Murphy leaves behind his daughter, Lori “Missy” Murphy Lee; his son, Benjamin Murphy Cabrera; a grandchild, Montana Alexis Lee; a son-in-law, Garrett L. Lee; his former spouse, Norma Cabrera Murphy; and his very special friend, Michelle Terrell Long, as well as many other relatives and friends.Services for Murphy will be held on July 21 at Saint Luke’s Episcopal church at 1514 15th Street, N.W., in Washington, D.C.last_img read more

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September 1, 2019 Snapchat Expands NHL Pact to Add Hockey Highlights Curated Stories

Snapchat Expands NHL Pact to Add Hockey Highlights Curated Stories

first_imgSnapchat is adding more action from the ice under a new multiyear deal with the National Hockey League.The NHL, in association with Disney Streaming Services, is delivering a new weekly highlights show on Snapchat recapping the top 10 plays of the previous week and will produce Curated Our Stories on the platform for select games and marquee events — making the NHL the first pro sports league to use Snap’s third-party curation tools. The league’s content will be available to Snapchat users worldwide.The NHL is doubling down on Snapchat because it sees unusually high engagement on the platform, particularly among users under 30. Snap reported 186 million average daily users for Snapchat for Q4 2018.“What’s special about Snapchat is their users skew younger,” said NHL chief marketing officer Heidi Browning. The pact with Snap is “an important way for us to connect with our core fans but also to reach new fans…. Snap is always innovating, and they recognize that the generation that uses their products demands new feature sets.” ×Actors Reveal Their Favorite Disney PrincessesSeveral actors, like Daisy Ridley, Awkwafina, Jeff Goldblum and Gina Rodriguez, reveal their favorite Disney princesses. Rapunzel, Mulan, Ariel,Tiana, Sleeping Beauty and Jasmine all got some love from the Disney stars.More VideosVolume 0%Press shift question mark to access a list of keyboard shortcutsKeyboard Shortcutsplay/pauseincrease volumedecrease volumeseek forwardsseek backwardstoggle captionstoggle fullscreenmute/unmuteseek to %SPACE↑↓→←cfm0-9Next UpJennifer Lopez Shares How She Became a Mogul04:350.5x1x1.25×1.5x2xLive00:0002:1502:15 The expanded NHL-Snap partnership again includes Bitmoji outfits for all 31 of the league’s teams, letting Snapchat users dress their cartoon avatars with their favorite team’s colors, as well as Geofilters for every team’s home arena to add custom stickers to their Snapchat posts.The NHL sees fans sharing millions of images on Snapchat every day, according to Browning, who declined to provide specific stats. “The total [number of] images shared on Snap relative to other platforms would blow your mind,” she said. “It’s a big and active audience that’s different from other platforms.”“NHL Highlights,” which will hit Snapchat’s Discover each Wednesday, is produced by Disney Streaming Services. The series takes advantage of the digital rights held by Disney Streaming Services, which operates the flagship NHL app and NHL.TV out-of-market subscription-streaming package in partnership with the league. DSS has an advertising revenue-sharing agreement with Snap for the NHL content.Also under the expanded pact, the NHL will produce a minimum of 15 Curated Stories per season with video and photos culled from publicly submitted user Snaps. The NHL’s Curated Stories will launch Saturday, Feb. 23, with the Stadium Series game between the Philadelphia Flyers and Pittsburgh Penguins at Philly’s Lincoln Financial Field.“Curated Stories allows us to combine every aspect of the hockey experience – including behind-the-scenes exclusives, intermittent highlights, and fan submissions,” Browning said.In addition, a team of Snapchat editors will produce Our Story coverage of NHL games and tentpole events (a minimum of six stories per season), including All-Star Weekend and the Stanley Cup Playoffs. Hockey fans also can follow the NHL on Snapchat and watch the NHL’s Stories for a behind-the-scenes look at all the action.“We want Snapchat to be the best place on mobile to keep up with the NHL,” Juan Borrero, Snap’s head of sports partnerships, said in a statement. “The NHL has been a tremendous partner that continues to innovate, and we’re thrilled they’ll be taking advantage of all our offerings to deliver Snapchatters the ultimate fan experience.”center_img Popular on Variety last_img read more

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August 31, 2019 Starvation death reports in Jhargram untrue says Mamata

Starvation death reports in Jhargram untrue says Mamata

first_imgJhargram: Chief Minister Mamata Banerjee on Monday said that reports about the starvation deaths in Jhargram district were absolutely untrue and that there were elaborate arrangements to provide food to the locals of the area.Addressing the administrative meeting held, she said: “There have been no starvation deaths in the district as the state government has been running several welfare schemes in the region which was once a Maoist bastion.” She said the state government is giving a kilogram of rice for Rs 2 to ensure that every person gets food. “Every person gets 8 kg rice and 3 kg wheat per month. However, I have come to know that people who don’t require the grains sell part of their quota in the open market,” she added. Also Read – Rain batters Kolkata, cripples normal lifeShe also directed the district administration to include the Sabars in the schemes under 100 days’ work. Sabar community is an ethnic tribe, mainly residing in Jharkhand, Chhattisgarh, Madhya Pradesh and Bengal. Banerjee also expressed concern over the elephant-man conflict. Elephants are entering the district from nearby areas of Jharkhand and destroying crops. This has been happening for quite some time. The elephants use a pathway near Lalgarh forest. Also Read – Speeding Jaguar crashes into Mercedes car in Kolkata, 2 pedestrians killedBanerjee has been asking the district administration for quite some time to take steps to stop the conflict. Many youths have been recruited to assist the Forest department as well. The Chief Minister asked the district administration to take up projects so that the beneficiaries become self-reliant. Self-Help Groups have been set up all over the state and they can be used for floriculture, cashew cultivation and fish cultivation. She said plates made out of saal leaves have tremendous potential and they can be kept even at the Biswa Bangla stores. “The Self-Help Groups are doing excellent work in many areas and if proper training can be given, they can do a miracle,” she said. It may be mentioned that in Nadia, some women belonging to those groups have become self-reliant by doing fish cultivation. The state Panchayat department has helped them to dig tanks where they are doing fish cultivation and selling their produce in the market. Banerjee urged the Panchayat members to work for the people. “Go to the people and listen to their grievances. Give them a patient hearing and then take up schemes to resolve the problems. We know all the problems cannot be solved but one should deal with them sympathetically.” It may be mentioned that in every party meeting, Banerjee is urging her party workers to go to the masses and work for them. “You cannot do politics from home. You will have to go to the people and talk to them,” was her advice to her party colleagues.last_img read more

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August 7, 2019

The popularity of timeshifted viewing continues t

first_imgThe popularity of time-shifted viewing continues to grow in the UK, as do the number of devices being used to watch TV, according to research conducted for TV Licensing.Time-shifted viewing accounted for 9.1% of total TV viewing in the UK last year, up from 7.1% in 2010. In total, UK viewers watched an average of four hours and two minutes of TV daily, which equates to around two months of the year.The number of devices capable of delivering TV services is increasing, with the average household owning 2.34 TV sets compared with 2.17 in 2007. The biggest increases have been in so called ‘second-screen’ ownership, with laptop ownership increasing by 37% to an average of 1.51 per household, smartphone ownership increasing by 64% to 0.77 per household and tablet ownership up by 45% to 0.33 per household. By the end of the year, 79% of households had watched TV on a PC or laptop, while 39% has used a smartphone and 14% had used a tablet to watch TV.TV Licensing also revealed that connected TV sets accounted for 16% of all TV sales last year, compared with 9% in 2010. Around 40% of all TVs with screens larger than 33 inches have internet access. Over 700,000 3D TV sets were sold last year, compared with just 125,000 in 2010.last_img read more

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August 7, 2019 Takis Candilis French media giant Lagardère has re

Takis Candilis French media giant Lagardère has re

first_imgTakis CandilisFrench media giant Lagardère has rebranded its TV and Film division Lagardère Studios.The unit previously operated under the Lagardère Entertainment banner. It said the name change was part of its wider international growth plans, which have seen the company reorganize its content operations into four parts: French TV production, international TV production, format production and distribution, and digital.Lagardère’s stated aim is to “become a major player in European audiovisual content production”.Announcing the rebrand today, Takis Candilis, president of the new Studios unit said: “This change of identity complements our recent reorganisation into four divisions. The Lagardère Studios strategy is to continue its expansion drive, consolidating and extending its leading position in France and developing it in Europe.”last_img read more

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August 6, 2019 Disneyowned sports broadcaster ESPN has announced

Disneyowned sports broadcaster ESPN has announced

first_imgDisney-owned sports broadcaster ESPN has announced the launch of EXP, an esports event series.The company said that EXP competitions will be a mix of professional, collegiate and pro-am formats, with multiple game IP and genres featured across the series. Live event distribution will be via multiple digital platforms including the ESPN app, and a tape-delayed show focused on key moments and storylines will debut across ESPN/ABC linear networks after each event. “Leaning in to esports represents ESPN’s focus on serving sports fans and expanding audiences,” said Justin Connolly, executive vice president of Disney & ESPN affiliate sales and marketing. “We remain committed to serving gaming fans across all platforms and content types, and Apex Legends is a great title to showcase EXP’s vision of offering world-class live esports events anchored by storytelling and multi-platform distribution.”The next confirmed event of the EXP series will be based around the Electronic Arts (EA) published title Apex Legends, which has over 50 million players worldwide. The EXP Pro-Am Apex Legends Exhibition will take place during the week of July 1. Following that will be the EXP Invitational – Apex Legends at X Games Minneapolis, held August 1-4 at US Bank Stadium. Apex Legends will be the only esports event showcased at X Games Minneapolis 2019. John Lasker, vice president of digital programming at ESPN“We are proud ESPN continues to be at the forefront of the growth and popularity of esports, collaborating with some of the top publishers in the industry including EA for our first-ever esports event series. EXP, short for experience, has been central to gaming history, and giving fans a great experience is central to our strategy at ESPN.”John Needham, Riot GamesElsewhere in the world of esports, Riot Games has promoted John Needham to the role of global head of League of Legends esports.  He previously served as the company’s managing director of Europe and North America. Needham will oversee the company’s efforts to expand internationally with the accelerated growth of regional leagues.last_img read more

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July 29, 2019 STAR PREVIEW Arsenal v Chelsea

STAR PREVIEW Arsenal v Chelsea

first_img[dropcap]A[/dropcap] London derby between Arsenal v Chelsea is always a big match – it’s just a shame tonight’s encounter will have little consequence in terms of the title race.Both sides are well placed for Champions League places though in third and sixth respectively and a win for Arsenal would see them leap-frog arch rivals Arsenal into fifth spot.After sharing the spoils (at 90 minutes) in the Community Shield back in August the reverse fixture also finished stalemate at 0-0 in September at Stamford Bridge. Arsenal’s biggest challenge tonight will be finding a way through the Chelsea defence which has only conceded one goal in the last five matches.The Gunners have a few injury headaches. Mesut Ozil will face a late fitness test, while defender Laurent Koscielny could miss out.Nacho Monreal is still absent with an ankle knock, while Olivier Giroud and Aaron Ramsey remain sidelined by hamstring injuries.The visitors have no fresh injury worries and will be boosted by the expected return of Eden Hazard and Cesc Fabregas who have both been rested.Both sides have away games at the weekend against Championship opposition in the FA Cup.Arsenal v ChelseaPremier League19:45 Sky Sports Premier League / Sky Sports Main Event / Sky Sports Ultra HDHEAD TO HEAD RECORD(Maximum 10 matches)Sep 2017 PREMIER Chelsea 0-0 ArsenalAug 2017 COMMUNITY SHIELD Arsenal 1-1 ChelseaMay 2017 FA CUP Arsenal 2-1 ChelseaFeb 2017 PREMIER Chelsea 3-1 ArsenalSep 2016 PREMIER Arsenal 3-0 ChelseaJan 2016 PREMIER Arsenal 0-1 ChelseaSep 2015 PREMIER Chelsea 2-0 ArsenalAug 2015 COMMUNITY SHIELD Arsenal 1-0 ChelseaApr 2015 PREMIER Arsenal 0-0 ChelseaOct 2014 PREMIER Chelsea 2-0 ArsenalA third successive DRAW between the pair looks the call at around 12/5 with Star Sports.RECOMMENDED BETS (scale of 1-100 points)BACK DRAW 6 points at 12/5 with Star SportsPROFIT/LOSS SINCE JAN 1 2017: PROFIT 60.62 points BET WITH STAR SPORTS 08000 521 321last_img read more

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July 18, 2019

Airbus to offer sleeping berths down in cargo hold

European aircraft giant Airbus announced on Tuesday that it is teaming up with Zodiac Aerospace to develop and market lower deck sleeping facilities for passengers that could be operational in A330 wide-body jets from 2020.The sleeper compartments “would fit inside the aircraft’s cargo compartments,” Airbus said in a joint statement with Zodiac, a subsidiary of the French aerospace company Safran.The modules “will be easily interchangeable with regular cargo containers,”the statement said. “Airlines will initially be able to choose from a catalogue of certified solutions by 2020 on A330,” for the sleeper pods, with the possibility of fitting them into A350 XWB airliners also being studied.Airbus and Zodiac said the sleeping berths would not only improve passenger comfort, but also enable airlines to add value for their commercial operations.”This approach to commercial air travel is a step change towards passenger comfort,” said Geoff Pinner, head of Airbus’ cabin and cargo programme.”We have already received very positive feedback from several airlines on our first mock-ups.” Christophe Bernardini, head of Zodiac’s aerospace cabin division, said the project “reaffirms our expertise in lower-deck solutions. An improved passenger experience is today a key element of differentiation for airlines.” In November 2016, the Air France-KLM had put forward the idea of sleeping berths for passengers in the economy class, either down in the hold or above the cabin in aircraft of the group’s new low-cost subsidiary, Joon. Explore further Airbus wants to offer airlines the possibility of installing passenger sleeping berths in the cargo holds of its A330 jets from 2020 Soon when you fly in an Airbus jet and you fancy a bit of shut-eye, all you will need do is make your way down to the cargo hold. Citation: Airbus to offer sleeping berths down in cargo hold (2018, April 10) retrieved 18 July 2019 from https://phys.org/news/2018-04-airbus-berths-cargo.html American Airlines orders 47 Boeing 787s, cancels A350 order © 2018 AFP This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more

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July 18, 2019

North Melbournes Ben Jacobs ruled out for rest of the season

first_img The 27-year-old has been given the rest of the season to recover, with the idea being that Jacobs will be ready come pre-season for 2020.North Melbourne GM of football Cameron Joyce told the club website that the main focus for the Kangaroos was Jacobs’ health.MORE: St. Kilda greats urge club to after premiership coach”It’s been a very frustrating time for Ben, and the club, and we sat down this week and decided the best way forward was to take the pressure off him for an imminent return, and allow him all the time he needs to prepare for the pre-season,” Joyce said.”Our sole focus has been Ben and his health for the short, medium and long-term. While we’ve seen some improvement, unfortunately it hasn’t been to the level where he’s been able to train consistently and ultimately get back to playing this season.”Jacobs had told the club website earlier in the year that they weren’t too sure what the specific injury was. Jacobs has not played AFL football since halfway through last season, where he suffered a ‘whiplash’ effect against Brisbane in round 16. North Melbourne tagger Ben Jacobs will sit out the rest of 2019 to battle ongoing health issues.center_img “My body hasn’t been battered and bruised too much … I feel like I have plenty to give,” Jacobs said.”We treated (the injury) like a concussion for the first four or five weeks … [then] I had a sinus operation … and I burnt a nerve off in my neck.”It could be an accumulation of a lot of things.”last_img read more

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July 16, 2019

Lowcost moon mission puts India among lunar pioneers

first_imgThe Chandrayaan-2 that is set to blast off from a tropical island off Andhra Pradesh state after a decade-long build-up. {{category}} {{time}} {{title}} India 13 Jun 2019 India unveils spacecraft for second moon mission Related News Related News World 11 Jul 2019 NASA shake up in new race to the moon Metro News 09 Jul 2019 Space party to celebrate Apollo 11 moon mission The United States spent about US$25 billion – the equivalent of more than US$100 billion in current prices – on 15 Apollo missions, including the six that put Armstrong and other astronauts on the moon.China landed its Chang’e 4 lunar craft in January, and spent US$8.4 billion on its entire space programme in 2017, according to international Organisation for Economic Cooperation and Development figures.And Russia – the first country to land an unmanned moon rocket in 1966 – spent more than US$20 billion at today’s values on lunar missions in the 1960s and 70s.SPICED-UP SPACE RACEAlmost the entire Chandrayaan-2’s orbiter, lander and rover have been designed and made in India.India will use its most powerful rocket launcher, GSLV Mk III, to carry the 2.4 tonne orbiter, which has a mission life of about a year.The spacecraft will carry the 1.4 tonne lander Vikram – which in turn will take the 27-kilogramme rover Pragyan – to a high plain between two craters on the lunar South Pole.Indian Space Research Organisation (ISRO) chief K. Sivan said Vikram’s 15-minute final descent “will be the most terrifying moments as we have never undertaken such a complex mission”.The solar-powered rover can travel up to 500 metres and is expected to work for one lunar day, the equivalent of 14 Earth days.Sivan said the probe will be looking for signs of water and “a fossil record of the early solar system”.Despite the relatively small budget, the mission does raise questions about how funds are allocated when the country is still battling hunger and poverty.But national pride is at stake: Prime Minister Narendra Modi has vowed to send a manned mission into orbit by 2022.Most experts say the geo-strategic stakes are small – but that India’s low-cost model could win commercial satellite and orbiting deals.”The fundamental question that we should ask ourselves in this context is not whether India should undertake such ambitious space ventures, but whether India can afford to ignore it,” said K. Kasturirangan, a former ISRO chief.India has to aim to be a leader in space, he added.Rajeswari Pillai Rajagopalan, head of space policy at the Observer Research Foundation, a New Delhi think tank, said Chandrayaan-2 will enhance the nation’s reputation “at a time when the global and particularly, the Asian space programmes are becoming increasingly competitive”.Amitabha Ghosh, a scientist for NASA’s Rover mission to Mars, said the benefits of Chandrayaan-2 are huge, compared to its cost.”A spacecraft mission of the complexity of Chandrayaan-2 conveys a message that India is capable of delivering on difficult technology development endeavours,” said Ghosh.However, some experts say anyone looking for a cheap ticket to space should think of the comfort on low-cost plane rides closer to Earth.Scott Hubbard, a former top NASA researcher now with Stanford University, examined the cost-effectiveness of the Indian Mars orbiter against the American Maven mission.Although both launched in 2013, Maven is estimated to have cost 10 times more, but India’s Mangalyaan was only designed to last about a year.”The US mission was required to last two years. That’s a big difference in cost,” said Hubbard. And Mangalyaan’s payload was 15 kg, while Maven could carry 65 kg with more sophisticated instruments.”So you get what you pay for,” concluded Hubbard. – AFP SRIHARIKOTA, India (AFP): India will step up the international space race on Monday (July 15) when it launches a low-cost mission to become only the fourth country to land a probe on the moon.Just five days before the 50th anniversary of man’s first lunar landing, Chandrayaan-2 – or Moon Chariot 2 – will blast off from a tropical island off Andhra Pradesh state after a decade-long build-up.The mission will also highlight how far space travel has advanced since Neil Armstrong’s giant leap for mankind during the Apollo 11 mission.India has spent about US$140 million (S$190 million) to get Chandrayaan-2 ready for the 384,400 kilometres trip from the Satish Dhawan Space Centre to the scheduled landing on the lunar South Pole on Sept 6.last_img read more

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July 16, 2019

Stewart backs Roy to open England batting during Ashes

first_img {{category}} {{time}} {{title}} Cricket 08 Jul 2019 England coach Bayliss says Roy a ‘definite option’ for Ashes Cricket 11 Jul 2019 Rampant England end Australia’s title defence to roar into final Cricket 07 Jul 2019 England quick Anderson suffers calf injury ahead of Ashes (Reuters) – England batsman Jason Roy can strike fear in the hearts of rivals and should make his test debut in the Ashes series against Australia following his World Cup heroics, former skipper Alec Stewart has said.Opener Roy scored 85 runs in 65 balls as England thumped Australia by eight wickets on Thursday, ending a 27-year wait to reach the World Cup final where the hosts face New Zealand at Lord’s on Sunday.It was the 28-year-old Roy’s third straight half-century in the tournament and took his tally to 426 runs from six innings.”You hate singling out one player that can make such a big difference in any sport, but it’s so obvious with Jason Roy in that team,” Stewart told Sky Sports. AdChoices广告”He can put fear into that opposition straight away. He’s done it in a very mature way in this tournament.”He understands his own game … how good he is, and he’s not going to chuck (his wicket) away which is great to see.”The South Africa-born batsman has played more than a hundred games for England in the shorter formats since making his debut in 2014, but is yet to feature in the longest version.Stewart was confident Roy’s consistent performances would earn him a spot in the test team for the Ashes series, which begins on Aug. 1.”We’ll see him in the Ashes, don’t worry about that, he’ll be opening the batting for England,” said Stewart, who played 133 tests and 170 ODIs for England.England, who are looking to reclaim the coveted urn from Australia, warm up for the five-match series with their first ever test against Ireland, which will be a four-day contest later this month. (Reporting by Shrivathsa Sridhar in Bengaluru; editing by Sudipto Ganguly) Related News Related Newslast_img read more

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July 16, 2019

Good idea for McIlroy to wear heart on his sleeve over home

first_img Related News Related News Golf 07 Jul 2019 American Daly not allowed to use golf cart at British Open “The reality is it would mean more to him than anybody on earth. For him to openly admit it, publicly to us, to me I think it gives him a better chance.”Four-times major champion McIlroy will finally have his first chance to play an Open in his homeland as the championship returns to Northern Ireland for the first time since 1951.McIlroy recently acknowledged “100%” that winning at Portrush would be the most special victory of all.Azinger, who finished a shot behind Nick Faldo at the 1987 Open at Muirfield and later collected his lone major title at the 1993 PGA Championship, rates McIlroy as his third favourite behind Americans Brooks Koepka and Dustin Johnson.World number one Koepka has finished no worse than second in the past four majors.”Koepka by a wide margin to me is the favourite,” the 59-year-old Azinger said, speaking on a conference call ahead of next week’s Open, where he will be lead analyst on the American television coverage for NBC and Golf Channel.”His caddie is from there. This is going to be great for Brooks. It’s high time we stopped overlooking him.”TIGER ‘WARNING SIGN’And what about the chances of Tiger Woods, who has not played since finishing equal 21st at the U.S. Open last month? Woods, who has won 15 major titles, missed the cut at the PGA Championship, an understandable hangover perhaps after his famous triumph at the Masters where he ended a decade-long major victory drought in April.Azinger is certainly not writing off the 15-times major champion but, at the same time, is not convinced that more victories are going to flow freely as the 43-year-old chases down Jack Nicklaus’s all-time record of 18 major titles.”This next win for Tiger, it’s going to be a lot harder than people think because there’s a lot on the line for this next win and he’s had this mountain top experience of achieving that Masters victory,” Azinger said.”The good news for Tiger fans is his game is out of the laboratory but, for me, the warning sign for Tiger fans is that could have been the peak moment for Tiger.”Let’s give him some time to overcome that great victory at the Masters. I just saw a different Tiger the last two majors.” (Reporting by Andrew Both in Cary, North Carolina; Editing by Ken Ferris) {{category}} {{time}} {{title}}center_img (Reuters) – Northern Irishman Rory McIlroy has expressed how much it would mean to triumph in next week’s championship on home soil at Royal Portrush and former British Open runner-up Paul Azinger loves the way he has embraced the magnitude of the event.The way the American sees it, everyone knows what is at stake, so why try hiding from it?”I’m a little surprised at how candid he’s been about the magnitude of what this event will mean to him, because Rory has taken the attitude all year that he’s going to treat every event the same,” Azinger said on Friday.”But he admitted how much this is going to mean to him and I think it’s going to help him, because it’s the reality. Golf 09 Jul 2019 Golf: American Daly withdraws from British Open – report Golf 09 Jul 2019 Golf – Women’s British Open prize money up 40%last_img read more

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