Five Indians move into round two Asian Juniors

first_imgPune, May 30 (PTI) Indias Megh Bhargav Patel, Akansha Bhan, Rhea Verma, Vaidehi Chaudari and under 16 national champion Tanisha Kashyap moved into the singles second round at the HCL Asian Junior Tennis Championship for boys and girls here today.Gujarats Megh Bhargav Patel, ranked 516, created a ripple by ousting higher-ranked Chinese rival Tao Mu 2-6 6-4 6-4 in a match lasting 2 hours and 30 minutes to make it to the second round of boys singles.In the girls event, third seed Akanksha Bhan faced a few anxious moments in the first set and then settled down to eliminate Xiaoxi Zhao of China 7-6(4) 6-4, 200th-ranked Vaidehi Chaudhari, seeded seventh, trounced Ayu Sugiyama of Japan 6-0 6-0 and no. 8 seed Rhea Verma overcame a fighting Jiho Shin of Korea, a qualifier, before winning 6-3 7-6(5).Tanisha Kashyap continued her form from the last week to get past Shrivalli Rashmika Bhamidipaty 7-5 6-2 in an All- Indian tussle to make it to the round of 16.Eight Indian girls and six Indian boys will be seen in action in the round of sixteen to be played tomorrow at MSLTA school of tennis in Shri Shiv Chhatrapati Sports Complex, Balewadi.Results: Boys singles (1st round): Akanit Pumjit (THA) bt Rithvik Choudary Bollipalli (Ind) 6-4 6-2; H O Denton(HKG) bt Prasanna Bagade (Ind)6-0 6-3; Kasidit Samrej (THA) bt Rishabh Sharda (Ind) 6-2 2-6 6-3; Megh Bhargav Patel (Ind) bt M U Tao (CHN) 2-6 6-4 6-4;Girls singles (1st round): Sakura Hosogi (JPN) bt Yubrani Banerjee (Ind) 6-1 6-1; 4-Kuan Yi Lee (TPE) bt Muskan Gupta (Ind) 6-3 6-3; Tanisha Kashyap (Ind) bt Shrivalli Rashmika Bhamidipaty (Ind) 7-5 6-2; Adithya Karunaratne (SRI) bt Tejasvi Kate (Ind) 6-1 6-2; 7-Vaidehi Chaudhari (Ind) bt Ayu Sugiyama (JPN) 6-0 6-0; 5-Mai Napatt Nirundorn (THA) bt Shivani Amineni (Ind) 6-3 2-6 7-6(2); Mana Kawamura (JPN) bt Shivani Manjanna (Ind) 6-3 6-1; 3-Akanksha Bhan (Ind) bt Xiaoxi Zhao (CHN) 7-6(4) 6-4; 8-Rhea Verma (Ind) bt Jiho Shin (KOR) 6-3 7-6(5). PTI SSR NRB RDSadvertisementlast_img read more

9 months agoJuventus coach Max Allegri satisfied after Coppa win over Bologna

first_imgAbout the authorCarlos VolcanoShare the loveHave your say Juventus coach Max Allegri satisfied after Coppa win over Bolognaby Carlos Volcano9 months agoSend to a friendShare the loveJuventus coach Max Allegri was happy with their Coppa Italia win over Bologna.Federico Bernardeschi and Moise Kean struck the goals at the Stadio Dall’Ara for a 2-0 result.“I am satisfied with qualification, as it wasn’t easy to win at Bologna in our first game after the winter break,” said Allegri.“Kean is young, he needs to grow, but he did well. Leonardo Spinazzola also had a good performance after a long injury lay-off.“Bernardeschi was visibly back in shape both physically and psychologically during training. With Mandzukic out at the moment, all these players become important.” last_img read more

Updated air passenger rights protections come into effect Monday

first_imgMONTREAL — Airlines now have to reimburse passengers for flight bumping and damaged luggage as part of a package of new protections that take effect today.The regulations require prompt updates and clear communication with passengers about their rights if their flight is delayed or cancelled.Travellers can receive up to $2,400 if bumped from a flight and up to $2,100 for lost or damaged luggage.In the event of a tarmac delay, aircraft must return to the gate after no more than three hours and 45 minutes.The issue came to the forefront after a 2017 incident in which two Montreal-bound Air Transat jets were diverted to Ottawa due to bad weather and held on the tarmac for up to six hours, leading some passengers to call 911 for rescue.The new rules have been met with blowback from both industry and consumer rights advocates.Air Canada and Porter Airlines Inc. are among the carriers asking the Federal Court of Appeal to quash the new rules, which they say violate international standards.Passenger rights advocates say the rules do not go far enough, arguing the criteria for monetary compensation are difficult for passengers to meet as they would have to present evidence that is typically in the hands of an airline.Compensation of up to $1,000 for delays and other payments for cancelled flights will take effect in December.Companies in this story: (TSX:AC)The Canadian Presslast_img read more

Vancouver Island partners sign hull design contract for floating LNG project

first_imgVANCOUVER – The developer of a floating liquefied natural gas export facility proposed for Vancouver Island says it has a deal with a Korean shipbuilder for the design of two large at-shore hulls.Steelhead LNG and partner Huu-ay-aht First Nations say the agreement was signed at the Gastech Conference in Barcelona with Hyundai Heavy Industries to engineer and design the equipment for the Kwispaa LNG Project.The LNG export project, which features floating production and storage units, is proposed to be built at Sarita Bay off land owned by the Huu-ay-aht First Nations, with a final investment decision scheduled for 2020 and the first 12-million-tonnes-per-year phase to be operational in 2024.Three companies have been invited to bid to engineer and construct the project’s topsides, marine facilities, pre-treatment and onshore plant facilities.The design work under both contracts is expected to start next year.The hulls are expected to cost about US$500 million to build. Each is to be 340 metres long and 60 metres wide and feature five individual tanks that provide 280,000 cubic metres of LNG storage.last_img read more

Ravichandran Ashwin open to making Koffee With Karan

first_imgMumbai: After the controversial episode of “Koffee With Karan” featuring cricketers Hardik Pandya and K.L. Rahul, their colleague Ravichandran Ashwin has now shown interest in being a guest on the popular celebrity chat show hosted by filmmaker Karan Johar. On Friday, Ashwin did a #AskAsh session on Instagram where he replied to questions from his fans. During the Q and A session, when a fan asked him if would like to go to “Koffee with Karan”, he said: “Sure”. Pandya and Rahul faced a lot of flak for their comments on women when they opened up on their personal life on the latest season of the chat show, which has had guests such as actors Kareena Kapoor Khan, Deepika Padukone, Akshay Kumar and Priyanka Chopra. Apart from receiving flak on social media, Pandya and Rahul were asked to go home from the three-ODI series against Australia in January after being suspended. Karan later said he felt “very responsible” about the repercussions Pandya and Rahul have faced since they made some misogynistic remarks on his chat show but also said he has no control over answers that come his way. When the filmmaker was asked does he think cricketers are off his list now, he quipped: “I think I am off their list.”last_img read more

UNICEF sounds alarm about increasingly violent clashes in southern Yemen

The United Nations Children’s Fund (UNICEF) is voicing grave concern about the situation in southern Yemen after a steady increase in the number of violent clashes between Government troops and militants in recent weeks. As many as 15,000 people – most of whom are children – have been displaced by the recent clashes, which are based around Mayfa’a district in Shabwah governorate. Air strikes have been reported, UNICEF said yesterday. Geert Cappelaere, UNICEF’s representative in Yemen, said the humanitarian impact of the fighting on civilians was extremely worrying. “Children have been injured in the fighting and continue to be at risk from unexploded ordnances, landmines and other explosive remnants of war,” he said. “Schools that have just re-opened have been disrupted because school buildings are being used to host displaced people.” The agency and its aid partners are providing immediate assistance to about 700 displaced families with the aim of helping them to return to their village of Al-Hauta. School closures, water shortages and a lack of proper nutrition are all hampering efforts to assist the displaced, UNICEF noted. Mr. Cappelaere urged all parties to the conflict to place the well-being of children first. “Political, security and other considerations should never get in the way of providing essential help to children,” he said. The UN High Commissioner for Refugees (UNHCR) also voiced concern late last month about the situation in southern Yemen, as well as the ongoing conflict in the country’s north, where more than 300,000 people are displaced. 2 October 2010The United Nations Children’s Fund (UNICEF) is voicing grave concern about the situation in southern Yemen after a steady increase in the number of violent clashes between Government troops and militants in recent weeks. read more

Ban praises Brazils global leadership and commitment to UN ideals

17 June 2011Secretary-General Ban Ki-moon has praised Brazil for its leadership and commitment to world peace and security, regional integration, development and the promotion of the values and goals of the United Nations, including human rights. “Brazil is positioned in a very strategically good position to make a consensus between the developed and developing countries, and I appreciate such a strong commitment to promote South-South cooperation and this is exactly what we expect from emerging countries like Brazil,” Mr. Ban told reporters at a joint press briefing with Brazil’s Foreign Minister Antonio Patriota in Brasilia yesterday.He expressed his appreciation of Brazil’s to UN peacekeeping and humanitarian efforts, especially in Haiti and Timor-Leste.The Secretary-General said he was also counting on Brazil’s leadership at the UN Conference on Sustainable Development (Rio+20), which will be held in Rio de Janeiro in June next year.“This will be the most important, top priority issue for the United Nations. We have been dealing with climate change, we have made good progress, even though we are not able to agree on [a] global acceptable comprehensive agreement,” said Mr. Ban.“We are now facing food security, energy security, water scarcity issues and health issues. All of these health issues are interlinked. That means we need to look at these issues from a broader perspective in a more comprehensive way. We will exert all the efforts to make this Rio+20 a great success for humanity, to make this world and planet Earth environmentally sustainable and hospitable,” he added.Answering a question on the ongoing bloody repression of demonstrators calling for democracy in Syria, the Secretary-General said he had repeatedly called upon President Bashar al-Assad to heed the people’s demands for civil liberties and human rights and to stop killing his own people.“It is totally unacceptable that many civilians, peacefully demonstrating to have their genuine wishes for greater freedom and democracy [heard], have been killed and wounded.“I again strongly urge President Assad and his… regime…. to stop killing people and to engage in inclusive dialogue and to take bold measures, decisive and bold measures, before it is too late. And I also hope that the United Nations will be able to speak in a coherent manner,” said Mr. Ban.Responding to a question on Libya, where the pro-democracy opposition is bidding to oust the country’s long-time ruler Muammar al-Qadhafi, Mr. Ban said he and spoken to authorities there as well and demanded that they stop killing people.“A ceasefire in a verifiable manner, [is needed] so that the United Nations and other international humanitarian community can provide humanitarian assistance to many needy people.“The humanitarian situation in many places, in many cities like in Misrata, has very much deteriorated. And we are also now starting to prepare for post-crisis arrangements, a peacebuilding and peacemaking process, including providing humanitarian assistance and protecting human rights,” Mr. Ban told reporters.Asked about Security Council reform, the Secretary-General said it was “long overdue.”“If you consider the dramatic and significant changes which have taken place during the last 65 years, the Security Council needs to be, should be, changed. Adapting to changing situations, that means the Security Council should be reformed in a more representative, a more credible and democratic way,” he said.He said UN Member States had begun “text-based” negotiations on Security Council reform and hoped they will accelerate discussions and come up with a mutually-agreed modality for the expected changes.In a meeting with Brazilian President Dilma Rousseff earlier yesterday, Mr. Ban invited her to take a lead role at the international conference on nuclear safety and security that the Secretary-General has convened in September. Their discussions also touched on the Rio+20 Conference.Mr. Ban noted Ms. Rousseff will this year be the first woman in the history of the UN to open the General Assembly’s annual high-level General Debate. read more

Gold smuggled on board Mihin Lanka flight

Of the 10 passengers subjected to detailed examination, three were arrested under the Customs Act 1962 “for offences committed in smuggling of gold”, it said, adding, the others are being questioned. In a major crackdown on gold smuggling, 31.75 kg of gold worth Rs. 8.43 crore was seized from 10 passengers who arrived at the Madurai airport by two international flights, including a Mihin Lanka Flight, India’s Directorate of Revenue Intelligence said, according to NDTV news.DRI Chennai zone officials along with the Tuticorin and Madurai units seized the gold that were smuggled in the two flights, DRI said in a release. During surveillance of these passengers, DRI officials found that some of them brought common clothes, cell phone, cigarettes and alcohol. “However, they concealed gold in the baggage so that it does not get detected by the customs,” the release said.“On thorough examination of the baggage, it was found that gold was concealed in various forms including crude gold chains and rings,” it said. The passenger manifesto of Mihin Lanka Flight, carrying passengers from Sri Lanka, Singapore and Bangkok, and the SpiceJet flight from Dubai, which arrived at the Madurai airport, was “thoroughly scrutinised”, it said. DRI officials seized one kg of gold bars, 100 gram of gold biscuits besides gold bars covered in chocolate wrappers.“The total quantity of such gold smuggled by this modus operandi amounted to 31.75 kg and (its) value is about Rs. 8.43 crore,” it said.The goods were seized under the violation of Provisions of the Customs Act, 1962 and Baggage Rules, 1998. (Colombo Gazette) read more

UN SecretaryGeneral condemns deadly terrorist attacks in northern Pakistan

“He stresses the need to ensure accountability and to bring to justice the perpetrators of these terrorist attacks,” the spokesperson added in a statement.According to media reports, earlier today, four suicide bombers targeted a Christian neighbourhood near the province’s capital, Peshawar, killing one person before being shot dead, while another suicide bomber attacked a court in the city of Mardan, killing at least 12 people and injuring more than 50. “The Secretary-General is saddened by the loss of life,” Mr. Ban’s spokesperson said. “He extends his heartfelt condolences to the victims and their families, and wishes a speedy recovery to the injured. He expresses his solidarity with the people and Government of Pakistan.” read more

British Open Tiger Woods Impresses With 69 in First

Playing in his first major tournament in 11 months and four months after back surgery, Tiger Woods made an impressive account of himself Thursday in the first round of the Open Championship at Hoylake, shooting a 3-under 69 on a day ripe for scoring.Woods had told the gathered media that he was healthy and getting stronger and expected to play well this week. He started the round with a pair of bogeys. Not good. But, as he has all his illustrious career, Woods stayed the course and ran off four birdies in a five-hole stretch on the back nine.“I knew I could do it,” Woods said. “That’s why I was telling you guys it was so important for me to play at Congressional. The fact that I was able to recover every day, and the fact that I was stronger, more explosive the more days I played.“I’m only going to get better from that point. And I’m getting stronger, I’m getting faster, I’m getting more explosive. The ball is starting to travel again. And those are all positive things.”Woods made a significant save for par on No. 4, an eight-footer after another poor putt, and that seemed to settle him down as he birdied the fifth and played the first nine in 1-over 36.Woods failed to birdie the par-5 10th, but holed a putt from off the green for a birdie at the 11th, the start of four birdies in five holes. A bogey at the 14th was the result of one of the four fairways he missed, but he rebounded to birdie the next two.An opportunity to get another at the par-5 18th was derailed by an approach shot into a greenside pot bunker that left Woods with an awkward stance. Prior to the shot, he stopped in mid-swing due to the sound of cameras clicking.“I’ve had numerous years of dealing with this,” Woods said. “There’s a lot of moving parts out there. And you’ve just got to stay focused and plod my way around.”Woods did a good job of that. He said he wasn’t nervous, that playing at Congressional last month helped him get some of that out of the way.If anything, Woods was perturbed he didn’t do better. When asked if it was like the old days, Woods quipped: “It wasn’t that long ago. I won five times last year.”Hitting mostly irons off tees — he did use a driver on the 16th hole just as he did during his 2006 victory here, the only one he used for the tournament — Woods hit 10 of 14 fairways and 14 of 18 greens.Still, it’s just one day, albeit a strong one. He ended the day three shots behind leader Rory McElroy, who did not bogey in a round of 66.“Pretty much everything,” Woods said when asked about what he needs to improve on moving forward. “I need to get everything a little bit better. That’s the case all of time, anyways. But at Congressional, I made just some terrible mistakes mentally. My decisions weren’t very crisp and I wasn’t decisive enough. Today was totally different. And consequently I shot a better score.” read more

Cummins unveils data enabled mining solution at MINExpo 2016

first_imgCummins Inc revealed its newest offering – Data Enabled Mining Solution – at MINExpo 2016 last week. This prognostic capability allows Cummins to monitor engines and deliver accurate, real-time operating information, enabling a quicker and more focused response to potential issues. The solution ultimately allows miners to optimise profitability by lowering total cost of ownership. “Cummins Data Enabled Mining Solution enables customers to reduce costs by extending engine life, preventing catastrophic failures and decreasing unplanned maintenance expense.”“Customised maintenance and operations solutions will also reduce costs by providing operational data visibility such as driver behaviour and idle mapping. With real-time analysis, customers can quickly address operational matters which would otherwise have a significant impact on productivity and efficiency.”The Cummins Data Enabled Mining Solution operates over cellular networks, and in the near future, satellite communications systems. The system is able to stream real-time, high-frequency data which, when coupled with support from the expertise in our solutions centre, allows monitoring of the entire fleet, 24/7.Lori Cobb, Cummins Vice President – Connected Solutions™ – said, “We are very excited by the new technological advances that Data Enabled Mining Solution offers our mining customers. By reducing the time to intervene on fault notifications, equipment availability can be improved, and progressive damage can be avoided. Additionally, adaptive learning approaches will be incorporated on an ongoing basis to improve the mine’s productivity.”last_img read more

Metso completes sale of grinding media business to MolyCop

first_imgMetso has completed the divestment of its grinding media business to Moly-Cop, a portfolio company of American Industrial Partners.The divestment, announced on November 6, includes the sale of Metso Spain Holding SLU, which is made up of operations in Bilbao and Seville, Spain. As part of the transaction, some 80 employees have transferred from Metso to Moly-Cop.The turnover of the divested business was around €60 million ($68.44 million) in 2018.Earlier this week, Metso announced the planned acquisition of HighService Service, the service business of the Chilean mining technology and maintenance provider HighService Corp.last_img read more

ITS A TIME FOR HANDBALL EL CLASSICO Croatia VS France 2015

The biggest derby of the handball world is scheduled for tonight! Croatia will fight against France for the almost secure place at the EHF EURO 2014 semi-final. Both teams earned four points after the Preliminary Round, so Goluza and Onesta lead their players without the pressure in one more fantastic handball night. The two big rivals have played their matches at the last three big tournaments.Croatia sent the Experts home in Serbia at Men’s EHF EURO 2012, what was the first big dissapointment for Karabatic and Co. after many fantastic years. Revenge was done in London, when France beat Croatia in semi-final of the Olympic tournament.Third clash in 12 months have been seen in Spain. Croatia beat France at 1/4 finals, what was the big blow for the French team, who won the previous two World Championships in Croatia and Sweden.Who will win tonight?SCHEDULE:Poland – Belarus 15.45Russia – Sweden 18France – Croatia 20.15STANDINGS:Croatia 4France 4Poland 2Sweden 2Belarus 0Russia 0 ← Previous Story DANISH RELIGION: Handball days in Aarhus Next Story → FRANCE MADE A CHANGE: Porte is in the game aarhusCroatia handballCroatia VS France handballEHF EURO 2014euro 2014 handballFrance handballhandball derbyhandball match read more

Column Betting your business on the domestic Irish market is foolish lazy

first_imgA REALISTIC FEAR during the economic crisis was that Irish companies would go into a sustained period of introspection, battening down the hatches to ensure survival rather than looking for growth and innovation. It is heartening, therefore, that for Ireland’s exporters this hasn’t been the case. Recent figures from the Irish Exporters Association show a sector on the up, with 62 per cent of exporters growing sales this year, and 80 per cent expecting to grow exports in 2014.The robust domestic demand during the Celtic tiger era made companies over-reliant on Irish customers and adopt business models that were unsustainable when the crash came. One of the most interesting responses from the IEA’s research is that 95 per cent of exporters report sustainability of the business as one of the most important benefits of moving into markets outside Ireland.They realise that betting all your business on the domestic Irish market is foolish, lazy and unnecessary for those with a product or service that can compete in global markets. Four million people fighting each for a slice of an ever decreasing cake makes no sense in a world of 7 billion or a continent of 500 million people.Adapting to changeWillingness to change and embrace new markets is a defining feature of successful companies, and has defined those Irish exporters who are now growing with determination and zeal. As Darwin said it is not the strongest or the most intelligent who will survive but those who can best manage change.We are all familiar with the big name Irish companies that have built up successful international export businesses from Smurfit Kappa Group in the paper and packaging industry, through to Kerry Group in food and ingredients.  However where the biggest opportunity to grow exports further is the level below these giants, the middle tier of Irish companies, a sector referred to in Germany as the Mittelstand.At a recent RDS Economic Recovery Series lecture a perfect example of an Irish Mittelstand company was outlined by Gerard Keenan, Executive Chairman of farming machinery company Keenan Systems, a progressive company based in Carlow employing 250 people.Keenans exports 90 per cent of its €50 million of turnover to customers in 30 countries around the world and is a great example of a strategy that has innovated to stay ahead of potential rivals. As Gerard Keenan put it, a successful Mittelstand company “concentrates on niches that appear tiny but which can produce huge global markets”. Keenans isn’t alone, and other examples of the Irish Mittelstand include fruit producer Keelings, Mayo-based baler manufacturer  McHales, and construction group Mercury Engineering.Germany’s economyMittelstand companies account for 80 per cent of employment in Germany, and their competitiveness and focus have been a key pillar in the country’s ability to withstand the financial crisis relatively unscathed compared to Ireland.In this context the IEA survey results – showing that 70 per cent of exporters are targeting new markets next year and 51 per cent have hired new sales and marketing staff in 2013 to drive export growth – are welcome. Of concern, however is the fact that only 45 per cent plan to up their Research and Development spend in 2014, and more than one in four encountered difficulty accessing trade finance from their bank in the past 12 months.It is widely acknowledged that strong and localised banking relationships, combined with a willingness to make substantial investment in research and development have underpinned the German Mittelstand’s success. It is this sort of long-term planning that Irish business should strive to match, and which our troubled domestic banking sector should be retooled to support.The call for a new bank to support the SME sector is nothing new, but yet again in this year’s survey it was a major issue identified by exporters, with 72 per cent saying that a new government backed bank to support SMEs is a necessity. Companies clearly have a hunger to make the investments needed to grow their exports, but lack the support required to implement their plans.Being the ‘best in Ireland’ is not enoughToday, being ‘best in Ireland’ is too limited a goal for Irish businesses – the prize that matters is being best in the world in a very focused niche where the business has a competitive advantage.It is important to remember that not all changes in the market place have been caused by the recession. Over the past decade the principles of lean manufacturing championed by Richard Keegan of Enterprise Ireland have being a significant lever for this innovation and ensuring businesses adapted to the new environment. Far from being all about cost cutting lean is about building capability and capacity which is proven by the eight percent increase in employment in companies who have embraced lean over the last three yearsIn its excellent publication “Making it in Ireland – Manufacturing 2020” Forfas highlights the fact that the manufacturing sectors employs 400,000 both directly and indirectly and will be a crucial player in export led growth. Critically a greater understanding of and emphasis on the importance of indigenous Mittlestand type companies is emerging with enhancing productivity and competitiveness being the first of four pillars dedicated to creating a national step change in manufacturing and therefore exports to deliver on the potential for growth.The findings from this survey show this period of creativity and resourcefulness of Ireland businesses and export momentum has the potential to be a historic step change to create an era of entrepreneurship and a new way of doing business in and from Ireland akin to the era of change begun by T. K. Whitaker.Businesses that invest in processes and technologies that favour human capital and managerial skill will become global leaders by creating businesses that are sustainable and which competitors  cannot easily adopt or copy. From a business perspective it’s not the greenness of your company jersey that matters but your ability to execute and innovate.Patrick Burke is a Partner at Grant Thornton who partnered with the Irish Exporters Association to produce the “Export Ireland Survey 2013”We’re interested in your ideas and opinions – do you have a story you would like to see featured in Opinion & Insight? Email opinions@thejournal.ieRead: Bruton to lead 42 Irish companies and colleges on Indian trade missionRead: Exports to lead “solid and sustainable” growth – forecastlast_img read more

Video column Remembering one of Irelands most controversial writers

first_imgBRENDAN BEHAN WAS Michael Creagh’s godfather. Michael’s father and Behan were life long friends and the writer was often in the Creagh’s house where he would spend much of his times chatting, writing and drinking.In this the penultimate episode in the Dubliners series, Michael recalls Behan’s visits and fondly remembers one of Ireland’s most controversial writers.Uploaded by theartsblogDeirdre Brennan – www.deirdrebrennan.comEoin Lynch www.theartsblog.ie and @EoinlynchoWatch the rest of the Dubliners series here>last_img read more

Beware of Greeks building smart cars

first_img Facebook Twitter: @NeosKosmos Instagram An automobile revolution is under way, led by the Melbourne-based software company Connexion Media, which caters to what is emerging as the car industry’s most pressing demand: applications for smart cars. With the prediction that 90 per cent of cars (that is, approximately 250 million vehicles) will be connected to the internet by 2020, auto manufacturers are eager to embed new applications to their ‘smart cars’ sooner rather than later. Enter George Parthimos. His clients include some of the biggest car companies, such as Peugeot, Mercedes-Benz and Honda – not to mention General Motors and Ford, the first major companies to use the services of Connexion Media, listed onto the ASX in August 2014. The company’s claim to fame was the development of two applications designed for the interconnection of smart phones and cars: the miRoamer, which brings internet stations to car radio; and Flex, an application that not only helps users locate their car in real time, but also monitors diagnostics, such as engine performance, fuel consumption and driver behaviour. The latter is showing the way for the company’s future projects, especially as it aims to address concerns for security threats, given that internet-connected cars might become vulnerable to hackers, who could take control of them. Another issue of concern is that of distraction to the driver, as most of the smart car users’ demands lean towards infotainment, which will have the vehicles operate in a way similar to computer tablets, with their own app stores run by the car makers, from which the drivers would download upgrades and various applications. Among the ones most likely to be introduced in the near future is the Cheap Fuel Finder, an application that would have the car scan through all the petrol stations in a certain area in order to find the cheapest offer and use the GPS to navigate towards it. Another variation of the app would allow the car to locate parking stations, reserve a spot and automatically pay for it, as it will be linked with a credit card service. Similarly, as cars are already equipped with apps to monitor engine performance, they will be able to assess whether a service is needed, based on a series of data, not least of all the number of kilometres run, and automatically book for service, which will then have to be confirmed by the driver. Even more appealing to most drivers is the app which would introduce upgrades to reconfigure the way a car operates, such as an ‘economy mode’, a ‘green mode’, or even a ‘sports car mode’, which would increase the engine’s performance. “Australia is very highly regarded internationally for technology startup and for early stage development businesses. Where we fall over is that we don’t have capital support in order to proceed to commercialisation … We have great ideas, but we’re terrible at execution.”AN INNOVATION CENTRE FOR SMART CARS IN MELBOURNEGiven its status as an ASX-listed car software company and a leader in its field, Connexion Media has even more ambitious plans for its role as a factor of innovation in the Victorian economy environment, linking local startups with major industry players. For this purpose, George Parthimos plans an innovation centre for internet-connected cars to be established in Melbourne with a sister site in Detroit, home to major manufacturers Ford, General Motors and Fiat Chrysler. With this initiative, Connexion Media will use its experience and position in the market to function as a liaison between the Victorian government and the city of Detroit, but also between startups and investors, notably private equity and venture capital groups interested in innovative entrepreneurship. “We’ve met with the minister of industry of Victoria, Lily D’Ambrosio, in order to discuss the concept behind this innovation centre and the fact that her counterparts in Detroit are ready to work with Australia,” George Parthimos tells Neos Kosmos. “She was very interested and we have began planning the centre, with the help of the state. Its goal will be the commercialisation of the high-tech products developed by start-ups that don’t have access to the market at the moment. Australia is very highly regarded internationally for technology startup and for early stage development businesses. Where we fall over is that we don’t have capital support in order to proceed to commercialisation, so that these products will get abroad. There are a lot of startups that for whatever reason have to go offshore. We have great ideas, but we’re terrible at execution. Given our direct relationship with the big car manufacturers, we can facilitate this process. Every time I get in touch with our clients, they all ask the same question: ‘George, what else have you got?’ We can’t do everything, this is why we want to work with companies that have got ideas,” The total cost of this centre is estimated at $5 million. The state of Victoria has already promised a grant but there is also interest from investors and private fund groups. “We have been told that the federal government is also interested in getting involved but we are still looking into it.”last_img read more

Tesla sends home 9 workers as Elon Musk chases elusive profits

first_imgElon Musk speaks at the International Astronautical Congress on September 29, 2017 in Adelaide, Australia. Tesla is cutting 9% of its workforce in a major restructuring. [ Representational image]Getty imagesTesla CEO Elon Musk has announced that the luxury auto manufacturing firm will lay off 9 per cent of its workforce to show that it can be profitable after being unable to move into the black so far in the 15 years since it was founded.Elon Musk sent a letter to Tesla employees on Tuesday saying that “As part of this effort, and the need to reduce costs and become profitable, we have made the difficult decision to let go of approximately 9 per cent of our colleagues across the company.””These cuts were almost entirely made from our salaried population and no production associates were included, so this will not affect our ability to reach Model 3 production targets in the coming months,” he added, referring to the firm’s premier electric vehicle.The measure means that some 4,100 of the firm’s 46,000 employees will lose their jobs, although the layoffs will not affect operations at the factory producing the Model 3, Efe reported.The firm’s billionaire founder also told Tesla employees that the company will not renew the agreement it has with Home Depot to rent space at some 800 of the latter’s stores to sell its home solar panel products.Musk said that “In order to minimize the impact, Tesla is providing significant salary and stock vesting (proportionate to length of service) to those we are letting go,” and – regarding the massive layoffs, he added that he was “making this hard decision now so that we never have to do this again.”In May, Musk announced a significant reorganization of Tesla in the face of the economic difficulties it was facing and inability to turn a profit.Tesla’s losses increased by 97.5 per cent to just under $785 million in the first quarter of 2018, despite the fact that earnings rose by 26.4 per cent to more than $3.4 billion.Musk has denied that the firm was having financial problems, although key sector analysts have said that Tesla has been rapidly consuming its capital reserves and will probably need cash to stay afloat by the end of this year or the beginning of 2019.last_img read more

Baltimores Harbor Bank to Get Benefit of 33 Million Tax Credit Award

first_imgThe United States Department of the Treasury Community Development Financial Institutions Fund announced June 13 that it has awarded Harbor Bankshares Corp., parent of The Harbor Bank of Maryland, a total of $33 million in New Market Tax Credits.The tax credits will allow Harbor Bank to offer loans with incentives that attract investors to low-income and distressed communities, the bank said in a statement.“The New Markets Tax Credit Program creates jobs and critical investments in low-income neighborhoods and rural communities across the nation,” Amias Gerety, acting assistant secretary for financial institutions, said in the statement. “Often the New Markets Tax Credit is the most critical piece of the puzzle when trying to finance important economic development projects across the country. It’s ability to attract private-sector capital into some of the most economically distressed and underserved communities is a hallmark of this important economic development program.”Harbor Bank was founded in 1982 as a vehicle to provide commercial banking products to the largely unbanked urban community in Greater Baltimore. Community dedication helped Harbor win coveted New Market Tax Credits previously, awards which are now engaged in several major developments.Harbor provided $25.5 million of its New Market Tax Credit allocation to the Life Sciences and Technology Park in East Baltimore, the $1.8 billion project revitalizing 88 acres near Johns Hopkins Hospital. The investment allows developer Forest City Enterprises and East Baltimore Development, Inc. to provide community services such as housing relocation, workforce development, and family support to those impacted by the redevelopment.On the West side of Baltimore, Harbor provided $14.5 million in New Market Tax Credit funding for the $77 million University of Maryland, Baltimore Biotech building. This investment allows developer Wexford Science and Technology to create economic benefits including new jobs while offering reduced cost space to small businesses in the deprived surrounding area. Will Assist Attracting Investors to Low Income Distressed Communitieslast_img read more

City zoologists yet to confirm insect bites

first_imgKolkata: City based zoologists have no clue whether Tarantulas or some other insects have bitten people across some districts in Bengal as they are yet to receive samples of the insects from the affected areas.In the past one month, reports of insect bites have come from Nadia, East Midnapore and West Midnapore and South 24-Parganas. The doctors, who have treated the patients, said the patients have been bitten by Tarantulas.The zoologists maintained that without getting samples of the insects, it is difficult to say whether the victims were bitten by Tarantulas or some other insects. Also Read – Heavy rain hits traffic, flightsProfessor Ena Ray Banerjee, head of Immunobiology and Regenerative Medicine Research Unit, Calcutta University said unless the samples are received it is difficult to say anything about the variety of the insects. She said in May 2016, some people were bitten by insects in Belda and Debra in West Midnapore district and her research unit had received two samples, one dead and another living. The department had conducted DNA sequencing of the species and found that the variety of Tarantulas was not found in India or had not been reported earlier. She said the places, where people are being bitten by insects which may or may not be Tarantulas, should get in touch with the Immunobiology and Regenerative Medicine wing so that researchers can go and collect the samples for DNA sequencing. She said because of high temperature the Tarantulas have come out looking for food. She urged people not to panic as the stings do not carry poison.last_img read more