Category: pjsstyrgubku

Safe Lancia Gets Contract Extension

first_imgzoom Cotemar group has confirmed that Safe Lancia has been awarded a contract extension through to 15 December 2013 with unchanged day rates in Mexico.Prosafe is the world’s leading owner and operator of semi-submersible accommodation vessels. Operating profit reached USD 222.4 million in 2012 and net profit was USD 177.5 million. The company operates globally, employs 570 people and is headquartered in Larnaca, Cyprus.Cotemar, October 15, 2013last_img

Motorist charged with biting pedestrian in Kingston Ont road rage incident

first_imgKINGSTON, Ont. – Police are calling it a case of road rage.A 58-year-old Kingston, Ont., motorist is accused of biting a pedestrian who yelled at him.Investigators say the pedestrian was trying to cross a street on the afternoon of July 1, when the accused allegedly ran a red light.They say the pedestrian yelled at the driver, who allegedly got out of his car, lunged at the pedestrian and bit him on the nose.They say the suspect surrendered to police in Monday evening and was charged with assault.last_img read more

Gildan reports Q3 profit edges lower sales up despite hurricane Florence

first_imgTORONTO – Gildan Activewear Inc. said Hurricane Florence and retailers shifting towards carrying their own private label hosiery and underwear hampered the company’s performance, but it still managed to post a profit.The Montreal-based clothing manufacturer that keeps its books in U.S. dollars saw its third-quarter profit edge lower compared with a year ago as its sales grew 5.3 per cent.The company said it earned $114.3 million or 55 cents per diluted share for the quarter, down from $116.1 million or 52 cents per share a year ago and that its sales totalled $754.4 million, up from $716.4 million in the same quarter last year.However, the brand said about $30 million of its sales were impacted by U.S. weather that disrupted its distribution operations in the Carolinas.“We estimate that we could have shipped another $30 million in the quarter had it not been for the disruption we faced with Hurricane Florence,” said Rhodri Harries, Gildan’s executive vice president and chief financial and administrative officer.“We lost shipping days in our larger distribution facilities in Eden, N.C. and Charleston, S.C. as both in-bound and out-bound shipments were effected due to port and rail closures and the need to temporarily shut down to evacuate employees.”He estimated that half of the sales lost because of the incident would be recuperated next quarter.The company, he said, also continues to face struggle in its hosiery and underwear categories because mass retailers are shifting towards private labels, resulting in Gildan’s lower unit sales of products including socks.Harries expressed optimism about the forthcoming quarter, saying Gildan has secured a private label underwear manufacturing deal for 2019 with its “largest mass retail customer,” which he did not name.He said the deal will mean more shelf space will be allocated to the company’s men’s underwear offerings.“We are well-positioned because the size of the program is quite large,” he said. “There are not a lot of businesses out there that can pull that off…Activewear, T-shirts, sweatshirts and underwear really is our sweet spot.”Harries also revealed that on an adjusted basis, Gildan earned 57 cents per share for the quarter, up from 53 cents per share in the third quarter last year.Analysts on average had expected a profit of 58 cents per share, according to Thomson Reuters Eikon.“With three quarters now behind us, we feel good about delivering on our financial targets for 2018, despite the various headwinds we have faced this year,” said the company’s president and chief executive officer Glenn Chamandy. “We continue to feel good about our long-term growth prospects and the way our strategy is unfolding.”Companies in this story: (TSX:GIL)last_img read more

At the whim of a powerful nation

first_imgWhen US President Donald Trump tweeted their full recognition of Israel’s sovereignty over Golan Heights, “a current of surprise and expectation sizzled through the state department press corps”, as a BBC correspondent on a Jerusalem tour following US Secretary of State Mike Pompeo put it. It is said that the welcome surprise to Netanyahu was more in the timing than in substance. The intention that came to highlight through the tweet had been under consideration for quite some time, only the Israelis now pushed it with greater vigour. Of critical security and strategic importance, the Golan Heights is pivotal to stability in the region. For decades, most of the world (and previous US establishments) have rejected Israel’s occupation of the Golan Heights which was seized from Syria in the 1967 Arab-Israeli war. According to the UN charter, essentially, you can’t keep land that you capture, you have to negotiate its fate. Trump’s tweeted announcement has overturned this convention. This very grave move has implications that go beyond the bilateral dynamics of USA and Israel. Endorsing capture of a territory is potentially setting a dangerous trend to exercise military arbitration by a more powerful state. The regions that promptly come to mind at this are: on the global stage, Russia’s annexation of Crimea; in the Asian context, Tibet; and regarding India, PoK, given that Pakistan was USA’s baby not too long ago. Trump’s special mention of strategic and security reasons point out only too clearly to Iran, coming in the wake of the understanding that Iran is using Syria as a base to target Israel and the Golan Heights being the front line. Also, given that Israel already has a tight grip on the region militarily, the articulation of the status and a formal declaration of it make little difference on the ground. Hence, the next most obvious reason for this move has to be the election in Israel due on April 9, and something to count for Netanyahu, who will be making a visit to White House in the coming week. The situation is such that Israel strikes routinely at Iranian targets in Syria, carefully negotiating the situation with Russia, which provides crucial military backing to the Syrian state, a delicate balance indeed. With a civil war-wrecked Syria and a US sanctions-crippled Iran, Israel is in a position to assert claims over the region additionally with the support from White House. This is clearly a mechanism to violate territorial integrity and institutionalise regional instability. European leaders have not taken very kindly to this bilateral bonhomie at the cost of a suffering region. And rightly so. If recognition was so easy to give away, such arbitration raises very pertinent questions about Tibet, Kashmir, and Crimea. All it takes is the whim of a powerful nation.last_img read more

China mulls to buy Russias Su57 stealth fighter jet

first_imgBeijing: China is weighing options to buy Russia’s new Sukhoi Su-57 stealth fighter jet as Moscow has identified China and India as potential customers to acquire its advanced warplane, according to a media report. Described by Russian President Vladimir Putin as “the world’s best military plane”, the Su-57 is a fifth-generation multi-role fighter jet capable of both aerial combat and hitting ground and naval targets. Viktor Kladov, director of international cooperation and regional policy at Russia’s Rostec defence industrial holding company at a briefing at the Langkawi International Maritime and Aerospace Exhibition in Malaysia identified India and China as potential buyers, state-run Global Times reported on Monday. The Chinese air force, which currently has a range of home grown new aircraft including the stealth fighter J-20, besides Russia’s Su 35s, is keeping a close eye on India’s acquisition of France’s Rafale plane adding a new strategic dimension to its air assets. While China has been developing its own new generation military aircraft, it is still heavily reliant on Russian engines for the planes as it is yet to produce a reliant engine of its own. Both China and Pakistan rely on Russian engines for their jointly produced JF-17 Thunder. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from USChinese defence analyst Wang Ya’nan, the chief editor of Aerospace Knowledge, said the Russia’s offer to sell SU-57 is more attractive to India as China has its stealth fighter. Unlike China, India does not have a fifth-generation fighter, so the Su-57 is an attractive warplane to India, he told Global Times. Wang said although he is convinced of the Su-57’s capabilities, he is less keen to see China buy it because China has already developed its own fifth-generation fighter jet J-20. Kladov said Su-57E, an export version of the Su-57, is expected to receive export approval from Putin in a few weeks. Naming China as a potential customer, he said, “China has recently taken delivery of 24 Su-35 aircraft, and in the next two years will make a decision to either procure additional Su-35s, build the Su-35 in China, or buy a fifth-generation fighter aircraft, which could be another opportunity for the Su-57E.”last_img read more

DMK moves EC against AIADMK on cash distribution

first_imgChennai: The DMK on Saturday complained to the Election Commission that Tamil Nadu’s ruling AIADMK was allegedly distributing money to voters in one of the four Assembly constituency where bypolls will be held on Sunday. In a complaint to the Chief Electoral Officer, the DMK said: “AIADMK party-men are illegally distributing money to the voters of Ottapidaram Assembly constituency, in a full-fledged manner, from AIADMK’s Thoothukudi district Office, situated outside the territorial limit of Ottapidaram constituency. According to the DMK, as the flying squad and surveillance teams deputed by the EC are not searching outside the constituency, AIADMK party office bearers are freely distributing money to the voters from their own office situated at Thoothukudi. The DMK urged the poll body to immediately search the AIADMK office at Thoothukudi to prevent further distribution of cash for votes and ensure that the bypoll in Ottapidaram constituency is held in a free and fair manner.last_img read more

Oil drops below 30 dragging TSX Wall Street down with it

TORONTO — Oil prices fell below US$30 a barrel for the first time in nearly two weeks as North American markets posted steep losses today.The March contract for benchmark U.S. oil fell US$1.74 to US$29.88 a barrel, falling beneath the US$30-mark for the first time since Jan. 21 when it settled at US$29.53 a barrel.Crude has lost nearly US$4 over two days, roiling markets worldwide.The Toronto Stock Exchange’s S&P/TSX index fell 232.11 points to 12,442.26, adding to a weak start to the month’s trading.It has lost 379.87 points over the first two days of February.The loonie was off exactly half a cent at 71.29 cents US.New York indexes were also in full retreat, with the Dow Jones industrial average plummeting 295.64 points at 16,153.54, while the S&P 500 fell 36.35 points to 1,903.03 and the Nasdaq lost 103.42 points to 4,516.95.Elsewhere in commodities, March natural gas fell 12.7 cents to US$2.025 per mmBtu, while April gold dropped 80 cents to US$1,127.20 a troy ounce. read more

Trudeau looks to perform delicate G20 balancing act between Trump Merkel

OTTAWA — Justin Trudeau is embarking today on a week-long European sojourn that will culminate in a meeting of 20 of the world’s largest economies — one where he’ll test-drive a brand new foreign affairs policy aimed at charting Canada’s own course in the world.Friday’s G20 meetings are shaping up as a showdown between German Chancellor Angela Merkel and U.S. President Donald Trump.In a speech last week to the German parliament that laid out her priorities for the meeting, Merkel — host of the two-day gathering in Hamburg — delivered a pointed critique of Trump’s now-infamous “America First” doctrine without ever once mentioning his name.“Whoever believes that the world’s problems can be solved by isolationism and protectionism is mistaken,” Merkel said.Her G20 agenda — stronger global co-operation to fight climate change and terrorism, and more robust international trade — cuts directly to the heart of her well-documented differences with Trump, a strategy some see as an effort to further isolate the U.S. president on the world stage.Trump, for his part, has escalated the war of words with Merkel, using familiar rhetoric about a “massive trade deficit” the U.S. has with Germany and threats to slap import taxes on German-made cars.Trump stood alone at the G7 meeting in Italy last month when the other six leaders, including Merkel and Trudeau, pushed him to stick with the Paris climate change accord, an international treaty aimed at keeping global warming to less than two degrees C above pre-industrial levels.Trump demurred, refused to sign the Paris part of the G7 communique, and later made it official: the U.S. was out.Since then, Merkel has been working hard to shore up support for the accord among other G20 nations. She met recently with leaders from China and India, travelled to Mexico and Argentina last month and sat down with European leaders just last week to develop a united front.Into this mix steps Trudeau — more philosophically aligned with Merkel and Emmanuel Macron, France’s young and stylish new president, but lashed irrevokably to the U.S. through economic and geographic ties.Trudeau’s approach to Trump has put him in a unique position at this gathering, said Colin Robertson, a former Canadian diplomat and senior adviser at the law firm Dentons.“The rest of the world has been impressed with how Justin Trudeau has managed Trump,” Robertson said.Trudeau pushed Trump on Paris at the G7, but was less critical and showed more patience than his European counterparts. He has since expressed his disappointment and sided with the other signatories, all the while insisting he’s not going to tell the president how to run his country.At the same time, however, Canada has served notice that in an era of American protectionism, it will forge its own path. That declaration came in last month’s keynote foreign policy speech by Foreign Affairs Minister Chrystia Freeland.That path includes pushing to strengthen the “postwar multilateral order” that includes such institutions as the United Nations, NATO and the World Trade Organization, Freeland made clear.David Perry, a senior analyst at the Canadian Global Affairs Institute, said he’ll be watching to see how Canada turns that speech into action. “It will be curious to see if that has just been rhetoric, or if there has actually been some substance behind it,” he said.While Merkel may want to isolate the current U.S. administration, America remains — Trump notwithstanding — too influential and too interconnected with the world for anyone to simply try to work without it entirely, he added.“America matters no matter what anybody thinks,” Perry said. “You can’t work around them no matter what.”It appears Trudeau isn’t the only leader who feels the same way.Macron has been striking a more conciliatory posture, despite having been highly critical of the U.S. president in the wake of the G7 and the Paris withdrawal, Robertson noted. Just days ago he invited Trump to Paris for Bastille Day; Trump accepted.Before landing in Germany, Trudeau will stop in Dublin to meet with Irish Taoiseach Leo Varadkar and talk up another international trade priority — the Canada-EU trade deal known as CETA.Trade between Canada and Ireland was only about $2.4 billion in trade in 2016, but both countries desperately want the agreement to work — Canada as a hedge against U.S. protectionism, and Ireland as a hedge against an uncertain post-Brexit future.The deal, finalized last year, has struggled to get ratification from all 28 European Union member states, particularly over provisions and protections for foreign investors. said Robertson: “We need them to help.”From there, Trudeau will travel to Scotland for an audience with the Queen to mark Canada’s 150th birthday. The Queen, who is 91, was unable to travel to Canada to celebrate the occasion in Ottawa.— Follow @mrabson on Twitter read more

Hamilton man charged with threatening landlord with a gun

A 23-year-old Hamilton man was arrested for threatening his landlord with a firearm yesterday.Police responded to a call at a house in the area of Hamilton Avenue and Concession Street in east Hamilton shortly after midnight yesterday.Hamilton Police report that a tenant pointed a gun at his landlord and threatened his life. The landlord was not hurt.Daniel Mackenzie is facing twelve charges including threatening death, several firearm related offences, and 5 counts of failure to comply with probation. The weapon was taken by police.Mackenzie appeared in court later in the day yesterday. read more

Santa Fe launching new tourism campaign aimed at emotions

SANTA FE, N.M. — New Mexico’s capital is launching a new tourism campaign aimed at convincing potential visitors that the city will give them an “emotional experience.”The Santa Fe New Mexican reports “Uncover Your Different” is the tagline for the new Tourism Santa Fe advertising campaign undertaken by an advertising agency in out of Colorado Springs, Colorado.Vladimir Jones CEO Meredith Vaughan says the campaign seeks to tap into people’s emotions by explaining what one can experience while in one of the oldest cities in North America.The $1.5 million advertising campaign was launched Sept. 16 and will continue into 2020.The campaign will touch on digital, social and print advertisements. The ad campaign will appear on social media outlets like Instagram and Facebook and on online TV services such as Hulu.___Information from: The Santa Fe New Mexican, http://www.santafenewmexican.comThe Associated Press read more

Report pans Albertas attempt at protecting Aboriginal communities in the oilsands

(Stock photo: Report pans Alberta’s attempt at protecting Aboriginal communities in the oilsands by crystalladeras Posted Feb 2, 2016 5:00 pm MDT Last Updated Feb 2, 2016 at 5:01 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email n unreleased report says the Alberta government’s attempt to balance competing interests in the oilsands region has failed to protect aboriginal rights, lands and health from industrial development.The document, obtained by The Canadian Press, also says the Lower Athabasca Regional Plan has been used by both industry and government to erode traditional land use in favour of economicinterests.The government-appointed panel was struck in 2014 under a provision in provincial law after six area First Nations complained that the land use plan violated their treaty rights. The inquiry report has been complete since July, but has not been released.The panel agrees with the Athabasca Chipewyan that the plan doesn’t protect aboriginal culture. It also agreed with the Mikisew Cree that business was given priority over constitutional rights.The report also says Cold Lake First Nation is right that the plan creates new conservation areas without reference to traditional use.The panel made several recommendations, including that a health study on contaminants in the Athabasca River be conducted as soon as possible.“You know those are some of the things we are examining,” says Environment Minister Shannon Phillips. “Of course we know we need to respond to those recommendations. And once we have tabled the report in cabinet then we can have those conversations with the health minister, with the regulator and others. This is a file that has an impact on a number of different ministers.”As well, it says Alberta should stop examining development on a project-by-project basis.Phillips acknowledges the Lower Athabasca Regional Plan needs work, but said her government won’t start over. read more

Exelon to close 2 nuclear plants still seeking subsidies

Exelon to close 2 nuclear plants; still seeking subsidies by John O’Connor, The Associated Press Posted Jun 2, 2016 7:53 am MDT Last Updated Jun 2, 2016 at 8:00 pm MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email FILE – This Oct. 7, 2011 file photo, shows the north entrance to the Exelon nuclear power plant, in Cordova Ill. Exelon Corp. says it will shut two Illinois nuclear plants after the Illinois Legislature declined to act on its request for financial support. The Chicago-based power provider said Thursday June 2, 2016, that it will close the Clinton Power Station in Clinton on June 1, 2017, and the Quad Cities Generating Station in Cordova on June 1, 2018. (Paul Colletti /The Dispatch via AP) QUAD CITY TIMES OUT; MANDATORY CREDIT SPRINGFIELD, Ill. – Exelon Corp. said Thursday that it will shut two Illinois nuclear power plants after the Legislature failed to approve a financial-support plan, but an email obtained by The Associated Press indicates the company is enlisting employees in an ongoing, full-steam lobbying effort.The Chicago-based power-provider announced it will shutter the Clinton Power Station in central Illinois on June 1, 2017, and the Quad Cities Generating Station in Cordova will close June 1, 2018.Exelon said it began the lengthy shutdown process because it can’t count on legislation that would extend state subsidies to nuclear generators producing reliable, carbon-free electricity that will help Illinois meet federal requirements. Lawmakers adjourned their spring session Tuesday without taking any action on the financial-support plan.“Unfortunately, legislation was not passed, and now we are forced to retire the plants,” Exelon CEO and President Chris Crane said in a statement. Together, the Quad Cities site, which began operation in 1973, and Clinton, which reached full power in fall 1987, employ 1,500.The two plants have lost a combined $800 million since 2009, according to Exelon, countering consumer groups’ complaints of “bailout” with a theme of fairness in a state where wind, solar and other energy sources that don’t produce harmful greenhouse gases are rewarded with subsidies.Earlier Thursday, Crane’s email to employees with the news, obtained by the AP, included a plea that workers call a listed telephone line and record a message for Gov. Bruce Rauner and lawmakers in favour of the legislation.The recorded greeting urges callers to tell lawmakers that “if they take action immediately, they may be able to stop the closures at the Clinton and Quad Cities plants and save your job.”Exelon spokesman Paul Adams confirmed the closure decision is not irreversible, but released a statement saying that it would be possible “only in narrow circumstances, and as weeks pass, a reversal becomes more and more difficult.”Experts disagree on whether shutting the plants would raise the price of electricity. Exelon points to a 2015 state report that found that closing them would pump regional wholesale energy prices up 47 per cent. Dave Lundy, director of the BEST Coalition opposing the plan, said price spikes are unlikely because of the amount of electricity produced in Illinois and the high cost to send it through jammed transmission lines in the Quad Cities.The coalition claims the so-called Next Generation Energy plan would amount to an average $3 per-month rate hike for ratepayers and a $7.7 billion windfall for Exelon over 10 years. Exelon puts the increase to ratepayers at 25 cents a month in exchange for future power stability.Democratic Attorney General Lisa Madigan was unconvinced Thursday.“Unfortunately, a highly profitable company is choosing to close plants because it hasn’t received a blank check to impose unfair and unnecessary rate hikes on Illinois consumers,” Madigan said in a statement.But Sen. Donne Trotter, the Chicago Democrat sponsoring the bill, said it’s an essential step to ensuring clean, reliable energy long into the future. While the curtain fell on the legislative session before the players could reach agreement, Trotter said progress had been made in recent weeks and he’ll continue negotiating.“Unfortunately there are too many people running around with ‘The Simpsons’ idea of how nuclear plants run, and that they have no major role in our future,” Trotter said. “Experts around the world agree nuclear is a big part. Our greenhouse gases didn’t become a problem until they started ratcheting down the nuclear energy.”Exelon’s process began with notification to the federal Nuclear Regulatory Commission. The closures must be approved by organizations that operate the Midwestern electric grid to ensure reliability is not jeopardized.___Contact Political Writer John O’Connor at . His work can be found at . read more

In Tanzania UN refugee chief praises regional peacemaker role and efforts to

However, Mr. Grandi also impressed upon government officials the importance of not forcing refugees to go back to their countries of origin. Over 57,000 refugees from Burundi have been assisted to voluntarily leave Tanzania and return home in the last two years, but some refugees report their decision was partly based on perceived pressure from the authorities, restrictions on freedom of movement and a lack of access to jobs, so they can support themselves.“It is important that nobody is forced back, that repatriation remains a voluntary exercise,” Mr. Grandi told reporters, after visiting the Nyarugusu Refugee Camp in Kasulu, home to around 15,000 Burundian and Congolese refugees. He noted that some refugees are volunteering to go back to their countries of origin, despite uncertain conditions in both the Democratic Republic of Congo (DRC) and Burundi, and said that sustainable refugee return happens when refugees feel confident that it is safe to go back, and receive the necessary support to do so. Nearly three-quarters of Tanzania’s refugees are from Burundi, and the other 26 per cent are from the Democratic Republic of the Congo, or DRC.Mr. Grandi praised Tanzania for supporting the UN’s Global Compact on Refugees, which calls for greater international support to host countries and more refugee self-reliance which, he said, stimulates local economies and provides opportunities for host communities. © UNHCR/Georgina GoodwinThe common market where Burundi and DRC refugees can interact with Tanzanian host community at Nyarugusu Refugee Camp in Kasulu District, western Tanzania, February 7, 2019. Speaking at the end of a four-day visit to the east African nation, Filippo Grandi called for greater investment in the north-west region of Tanzania, where some 300,000 refugees are being hosted, and pledged to mobilize more support for humanitarian efforts, local community development, improved camp security, and environmental projects.In a meeting with Tanzanian President John Joseph Magafuli, Mr. Grandi commended the country’s tradition of welcoming refugees fleeing conflict and persecution in neighbouring countries, and said Tanzania deserved greater international recognition for its role as “one of the most important refugee asylum countries in Africa.” read more

Russell struggles as Ohio State mens basketball season ends with 7358 loss

For a half of basketball, the No. 10 seed Ohio State men’s basketball team was keeping pace with the No. 2 seed Arizona Wildcats for the right to head to the Sweet 16.But after trailing by just one at halftime, OSU (24-11) fell to Arizona (33-3) 73-58 on Saturday, ending its season in Portland, Ore.The Buckeyes were outrebounded by 17 for the game, and committed 12 turnovers as the Wildcats move on to the Sweet 16 and are set to take on the winner of Xavier vs. Georgia State in Los Angeles on Thursday.After a 28-point performance against Virginia Commonwealth on Thursday night, freshman guard D’Angelo Russell struggled in the first half shooting, as he made just 2-of-11 shots from the field.Russell, however, dished out five assists and added three rebounds in the first frame to keep the pace for the Buckeyes, as they trailed the favored Wildcats, 26-25, at halftime.He finished with nine points and six helpers for the game. He shot just 3-of-19 from the field.Arizona opened the second half pulling down rebounds and burying multiple shots from long range, led by junior guard Gabe York, who finished with 19 points, 15 of which came from deep.The Wildcats led by as many as 13 before OSU cut the deficit to eight with just under eight minutes to play.Within the minute Arizona’s lead swelled back to 13 as the Wildcats never trailed in the second half.Senior forward Sam Thompson, who scored just two points in the win over VCU on Thursday, scored seven points in the first half and added two blocks. He finished with a team-high 18 points in the game.Fellow senior, guard Shannon Scott added 10 points for the OSU, but also committed four turnovers in his final game as a Buckeye.Arizona senior guard T.J. McConnell, who lost to OSU two years ago in the Sweet 16, led the Wildcats with 19 points while adding six assists to go along with five steals.The loss means the end of the season for the Buckeyes, and the end of the OSU careers for Scott, Thompson, senior centers Amir Williams and Trey McDonald and redshirt-senior forward Anthony Lee.Russell, is a projected lottery pick in the 2015 NBA Draft but has not yet announced a decision as to whether he will return to OSU for a sophomore season. read more

Blast Movement Technologies majority stake acquired

first_imgMining technology firm Blast Movement Technologies has sold a majority stake to Jolimont Global Mining Systems (Jolimont Global), a private equity group that invests in high growth mining equipment, technology and services companies, and its joint venture partner Resource Capital Funds, one of the largest global private equity firms focused on mining.Blast Movement Technologies, established in Brisbane, Australia in 2005, is a global leader in blast movement monitoring technology. The patented system is used by mining companies worldwide to accurately locate ore and waste zones after blasting, allowing accurate separation of ore from waste in the mining process. Ensuring that the valuable ore that can be worth millions of dollars in profits is not accidently discarded.Despite the global downturn in the mining industry, the company increased revenue by 36% in 2014–15. Exports contributed 77% of BMT’s revenue during the year and increased 63% from the prior year.Founder Darren Thornton said the move will enable further growth of the business and confirm BMT’s technology as world’s best practice for blast movement monitoring. The company will now leverage Jolimont Global’s experience in building high-growth technology companies and give the firm access to the global network of Jolimont Global and RCF.“Bringing Jolimont Global and RCF on board as partners and majority owners represents a significant step in our strategy to build the company,” he said.Thornton insisted it would be business as usual for the firm, despite the change of ownership. “There is no change to BMT’s identity, operations or plans,” he said. “We and Jolimont Global have selected key people to augment our management team which will be announced shortly.” he said.Jolimont Global’s Lyle Bruce will be joining the BMT board as Chairman. Lyle was Managing Director of GroundProbe from 2003 to 2013, is Chairman of MineWare, a dragline and mining shovel monitoring company and Chairman of SmartCap, a heavy equipment driver fatigue systems company.Jolimont Global’s CEO Lex McArthur, a mining engineer with 15 years technology investing experience will also be joining the board. “We undertook extensive due diligence on Blast Movement Technologies and were blown away by the testimonials from their customers. Their system can be implemented rapidly and immediately reduces dilution and ore loss and lifts operational profit by millions of dollars per blast in many cases”, McArthur said.The Blast Movement Monitoring (BMM) system from BMT comprises transponders, a specialised portable detector and proprietary software. The transponders are placed in the rock prior to blasting and located after the blast using the detector. Software calculates the movement vectors to determine the ore’s location after the blast.By monitoring the movement of rock from blasting, the location of valuable ore is known, allowing effective selective mining.last_img read more

BSE closes points 32107 down on July 16

first_imgBSE closes points 321.07 down on July 162.1K views00:00 / 00:00- 00:00:0000:00BSE closes points 321.07 down on July 162.1K viewsBusinessNew Delhi, July 16 (ANI): Trading at the Bombay Stock Exchange today closed 321.07 points up to stand at 25,549.72. At the National Stock Exchange the Nifty closed 97.75 points up to stand at 7,624.40. JP INFRATEC and Financial Tech were among the top gainers of Group A with an increase of 19.86% and 9.99% along with IDFC and Adani Ports with an increase of 8.87% and 8.44% respectively, while the top losers of Group A include Power Finance and REC with a decrease of 5.98% and 4.72% along with LIC Housing Finance Ltd. and South Indian Bank with a decrease of 3.71% and 2.97% at the close of the markets. The Auto sector is up 222.85 points at 15,741.51 while the banking sector is up 426.10 points at 17,479.92 and the realty sector is up 82.61 points at 2,014.51. The Indian currency is 0.07% up at Rs 60.16 per dollar.Ventuno Web Player 4.50New Delhi, July 16 (ANI): Trading at the Bombay Stock Exchange today closed 321.07 points up to stand at 25,549.72. At the National Stock Exchange the Nifty closed 97.75 points up to stand at 7,624.40. JP INFRATEC and Financial Tech were among the top gainers of Group A with an increase of 19.86% and 9.99% along with IDFC and Adani Ports with an increase of 8.87% and 8.44% respectively, while the top losers of Group A include Power Finance and REC with a decrease of 5.98% and 4.72% along with LIC Housing Finance Ltd. and South Indian Bank with a decrease of 3.71% and 2.97% at the close of the markets. The Auto sector is up 222.85 points at 15,741.51 while the banking sector is up 426.10 points at 17,479.92 and the realty sector is up 82.61 points at 2,014.51. The Indian currency is 0.07% up at Rs 60.16 per dollar.last_img read more

Twitter Listens to Beta Users Updates Twttr Prototype App

first_img Elon Musk’s Cheeky ‘Nuke Mars!’ Post Is Taking Over TwitterTwitter Tests Subscribe-to-Replies Feature Twitter’s experimental platform “twttr” has been in the wild for only a month, and already it’s proving more popular than the long-standing social network.“Most prefer the prototype over the Twitter app,” according to Director of Product Management Sara Haider.“We’re excited about this,” she tweeted on Monday. “It shows us that we’re on the right path but still have more work to do before launching to everyone.”AdChoices广告A sort of testing ground for new conversation designs, twttr began rolling out last month to its first wave of users. Now, following initial feedback, the platform is getting an upgrade. Stay on targetcenter_img Our prototype app, twttr, has been live for 30 days. We’ve learned some things! We are constantly making improvements based on your feedback (see below), so keep reading this thread to see the new features we’re adding today. #LetsHaveAConvo— Twitter Support (@TwitterSupport) April 10, 2019Renovations, as reported by TechCrunch, include a swipe gesture to like tweets, thread labels indicating the original poster, and improved visibility in dark mode.Regular Twitter users may have noticed the same dark mode feature available on the main app, alongside a new version of the platform camera and profile previews.And you can expect more prototyped functions—hidden engagements, swipe-to-like, threaded conversations—to eventually make their way into the permanent Twitter experience, though when or in what form remains to be seen.Don’t hold your breath, though. The company said it will be “many months” before anything goes from test to full launch, according to TechCrunch.Twttr is currently opt-in only. Those interested in signing up for the beta twttr app can fill out an online survey and hope to be accepted. (I, sadly, was not.) The approval process can take up to “a few weeks,” so keep an eye on your email inbox.Until you’re granted access—or Twitter rolls out these features to everyone—we’re stuck with a crowded, often confusing, almost always infuriating social network.More on Can Now Follow Only 400 Accounts Per Day on TwitterTwitter Is PIloting a New Design Update With an Emoji ButtonTwitter Tests ‘Original Tweeter’ Tag to Identify Thread Creatorslast_img read more

Planes trains and molecules Deriving a generic routing algorithm from the physics

first_img Changes in optimized traffic in the central London subway network after the removal of the station “Bank” (black node). The corresponding costs are γ= 2 (A) and γ= 0.5 (B). Nodes and edges that show an increase (decrease) in traffic appear in red (blue), where their size and thickness correspond to the magnitude of increase (decrease). Nodes and edges with no traffic changes appear in white and black, respectively. Passenger source–destination pairs are identical to those of Fig. 3 [cf. paper], except for the removal of pairs starting or ending destinations in Bank. Copyright © PNAS, doi:10.1073/pnas.1301111110 Finding a single optimal route is easy, but optimizing the combination of multiple routes is a challenge found in a wide range of applications including Internet instant messaging, peer-to-peer networks, subway traffic, airport flight management, water distribution systems, sensor deployment, military convoy logistics, and trip planning. Historically, due to the computational complexity of deriving a global path optimization (that is, one that simultaneously considers all path possibilities), existing routing algorithms typically optimize each paths in isolation. As a consequence, the resulting solutions are less than optimal. Recently, however, scientists at Aston University, United Kingdom and The Hong Kong University of Science and Technology used the physics of interacting polymers (large molecule composed of many repeated subunits, known as monomers) and disordered systems to analyze macroscopic properties of generic path optimization problems. By so doing, they derived a simple yet global, routing algorithm capable of simultaneously considering all individual path alternatives. The researchers then demonstrated the algorithm utility by applying it to Internet-like random graphs, travel on the London Underground, and the global airport network. Moreover, their analysis revealed phase transitions, scaling laws, non-monotonic growth (that is, not always stable or increasing), and other new routing phenomena related to physics. Explore further © 2013 All rights reserved. Removing ‘black sheep’ could make Internet run more efficiently Research Fellow Chi Ho Yeung discussed the research he and his colleagues, Profs. David Saad and K. Y. Michael Wong, conducted – and the challenges they face – with “While, employing tools in physics to solve the system analytically was indeed our most difficult task,” Yeung tells, “the analogy between polymers and paths is actually easy to understand. A polymer is a long molecule chain likes a string with two ends,” he illustrates, “Suppose I represent my travel path by a polymer: the two ends will be fixed representations of my starting point and destination, and the polymer body will be flexible depending on my path choice. If every traveler represents their path this way, we’d have a system of polymers on a transportation network – meaning that to suppress congestion, we’d introduce a repulsive force between polymers to discourage users using the same route. On the other hand, to encourage passengers share their path we’d introduce an attraction.”Turning now to their analytic work, Yeung points out that polymer paths are non-local variables, which are more difficult to analyze compared to local variables and interactions in conventional physics models. In addition, he notes that all polymers share the same network infrastructure and any two of them may have overlapping paths. “In our transportation network, when polymers overlap they either interact through an attraction or repulsion. It is thus equivalent to say that any two polymers may interact,” Yeung continues, “and the extent of that interaction depends on the extent of overlap, which is again a non-local consideration regarding all polymers. With all these complications, we had to select the best paths out of all possible individual choices as well as their mutual overlapping.” Compared to ordinary polymer systems (which do not allow overlap), they researchers had a much larger pool of possible states, and thereby a much more difficult question to solve. “After deriving our theoretical results,” Yeung adds, “we obtained the algorithm directly – and testing it on several datasets, found very good results. Once the system was analytically solved, it was straightforward to find its macroscopic properties, such as average path length and energy, by ordinary physics techniques in our area.” One key insight the scientists had, says Yeung, was that while some may think that the shortest path is always the best choice, this is not the case – and in fact, usual choice of going through the shortest path is a bad one when everyone takes the same route. “This isn’t difficult to understand, as some observers may have already noticed. For example,” Yeung illustrates, “during peak hours, some popular routes which lie on the shortest path may be overloaded, causing delays and making this path slower than a slightly longer one.” Yeung points out that their simulations with the London metro data show that – compared to when all passengers travel through the shortest path – if they introduce a repulsive force between passenger paths, and if passengers follow the suggested path, 20% of the assumed cost can be saved at a price of only 6% increase in average path length. “On the other hand,” Yeung continues, “although congestion does not occur in off-peak hours, the shortest path is still a bad choice, because the whole network has to remain active even for reduced usage on the less popular routes. Suppose we encourage off-peak commuters to travel on some common routes and share a large part of their journeys; then, the less popular bus routes or train lines can be discontinued which saves a lot of energy.” Yeung adds that their results show that they can obtain such optimized shared path configurations through the analogy to an attractive polymer system.Other than these results, the scientists also found that when they gradually change the polymer interaction from slightly repulsive to slightly attractive, there is a sharp increase in the number of idle nodes. “This is similar to a discontinuous phase transition observed in other physical systems,” Yeung says. “Surprisingly, while the average path length does not change much, it does have an important implication on transportation or communication networks – that is, one can greatly increase the number of idle nodes without significantly lengthening the average path length, by introducing a slight attractive force between passenger paths. This may save a lot of resources in sparse traffic scenarios.”A key aspect of the researchers’ results was demonstrating the algorithm’s efficacy by applying it to random graphs resembling Internet overlay networks – that is, computer networks built on top of another network, in which nodes can be thought of as being connected by virtual or logical links, each of which corresponds to a path, perhaps through many physical links, in the underlying network. “Networks representing websites interconnected by hyperlinks, or friends linked by instant messengers, are usually not bounded by physical location,” Yeung notes, “and are well described by some specific random structures. We show in a simple random network how we can find the best choice of communication paths according to the attractive or repulsive strength we introduced.”In the case of repulsion, Yeung explains, individual communication paths avoid each other and at last almost everyone has its own path not overlapping with the others. In the case of attraction, the communications go through a small common region of the network, sharing their paths and leaving a lot of other nodes and links idle. “If we consider the idle nodes as routers,” he points out, “a lot of energy can be saved by switching them off.”The researchers also applied their findings to travel on the London Underground network based on Oyster card data. “If we compare to the case where everyone takes their shortest path,” says Yeung, “our simulations show substantial improvement on the London Metro network. Again, at a price of only 6% increase in average path length, 20% and 4% of the assumed cost are saved on the London metro network when one aims to balance or consolidate traffic, respectively. Of course, in practice,” he acknowledges, “some experienced users would adopt a smarter route than the shortest path and the benefit from our algorithm would be less. However, I believe that in many transportation or communication networks there is still a large room of improvement in terms of energy saving if individual paths are well coordinated.” Yeung adds that they did a very similar experiment, and obtain a similar result, in the global airport network.Regarding other innovations that the scientists might develop and apply to the current experimental design, Yeung says that since physicists usually start with a generic model of physical systems, they’ve also assumed a model of interacting polymers which accommodates different type of interaction. “It turns out that we obtain a single algorithm which achieves various goals by tuning a single parameter controlling the attractive and repulsive strength between polymers,” he explains. “Indeed, our approach can take into account interactions other than attraction and repulsion, and which may have other interesting applications. We welcome networking experts to suggest other specific routing problems which our algorithm may be able to tackle.On the practical side, Yeung continues, one idea may be to develop a real-time application, based on their algorithm, to globally coordinate paths for individuals who start their journey at roughly the same time. “It’s not the same as the usual route-finder applications that simply identify the shortest path for individuals without their interactions with others,” he explains. “Rather, the envisioned application would coordinate routes for many individuals who travel at the same time in order to achieve goals like balancing highway or tunnel usage, or to encourage train or plane sharing in off-peak hours or seasons.”Yeung also describes the planned next steps in their research. “Our path solution is static.” He notes. “In other words, it provides an optimized path configuration given a set of destination pairs, and so suits many applications – but not those where the amount of traffic between individual destination pairs is rapidly changing. The next step is, perhaps, to develop routing algorithms based on our framework which address a dynamical routing task.”Yeung notes that other areas of research that might benefit from their study. “Our generic routing algorithm is applicable to any application that involves the path selection and coordination of individual paths,” he tells “I hope our work can contribute to routing problems in transportation and communication networks, as well as sustainability research where the fixed infrastructure of existing transportation or communication systems is better utilized, thereby reducing the needs for further construction. In a more general respect,” Yeung concludes, “I hope that our work demonstrates the power of rigorous physical tools when applied to interdisciplinary areas outside the realm of physics.” More information: From the physics of interacting polymers to optimizing routes on the London Underground, PNAS Published online before print July 29, 2013, doi:10.1073/pnas.1301111110 Optimized traffic on the London subway network. A total of 218 real passenger source–destination pairs are optimized, corresponding to 5% of the data recorded by the Oyster card system between 8:30 AM and 8:31 AM on one Wednesday in November 2009 [cf. citation (35) in paper]. The network consists of 275 stations. (B). Red nodes correspond to stations with nonzero traffic. The size of each node and the thickness of each edge are proportional to traffic through them. (Insets) Zoomed-in views of the central region. Nodes are drawn according to their geographic position. Copyright © PNAS, doi:10.1073/pnas.1301111110 Journal information: Proceedings of the National Academy of Sciences Citation: Planes, trains and molecules: Deriving a generic routing algorithm from the physics of interacting polymers (2013, August 20) retrieved 18 August 2019 from 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.last_img read more

Plane reports bird hit while landing at NSCB Airport

first_imgKolkata: A US-Bangla Airlines flight from Dhaka to Kolkata reported a bird hit while landing at the N S C Bose International Airport here Monday, airport sources said. After landing, an inspection was carried out and no damage to the aircraft was found, an Airports Authority of India (AAI) spokesperson at Kolkata said. The time of the arrival of the Dhaka-Kolkata flight number BS 201 was 10.19 am. The flight departed for Dhaka at 12.05 pm, the spokesperson added.last_img

GOP leaders ready lateterm abortion bill for vote next week

first_imgGOP women and moderates had objected that requiring a report to law enforcement officials placed an unfair burden on women already staggered by the extraordinary stress of a sexual assault and resulting pregnancy. Some also said the earlier provision could make the GOP look harsh as it seeks to win support from women and younger voters for the 2016 presidential and congressional elections.The overhaul of the bill highlighted the competing political pressures that Republicans confront. They also remain eager to avoid alienating anti-abortion voters who are among the GOP’s most staunch backers.The bill would also let minors who are victims of incest have abortions if they report the attack to social service workers or law enforcement agencies. The measure was described by Republican aides and lobbyists who spoke on condition of anonymity because its details were not yet publicly released.GOP aides predicted House passage of the legislation, which would ban most abortions starting with the 20th week of pregnancy. The vote could occur on Wednesday, the second anniversary of the murder conviction of a Pennsylvania abortion doctor, Kermit Gosnell, in the deaths of three babies who were delivered alive and later killed with scissors. 4 must play golf courses in Arizona Top holiday drink recipes Former Arizona Rep. Don Shooter shows health improvement Milstead says best way to stop wrong-way incidents is driving sober Comments   Share   WASHINGTON (AP) — Republican leaders are planning a House vote next week on a bill banning nearly all late-term abortions after dropping a requirement for reporting rapes that sparked a January rebellion among GOP women and moderates.After working behind the scenes with anti-abortion groups and female Republican lawmakers, party leaders have readied legislation allowing rape victims to have late-term abortions if they receive counseling or medical treatment at least 48 hours before the procedure. That replaces language that only allowed abortions for rape victims who reported the assault to law enforcement authorities. Top Stories center_img Clean energy: Why it matters for Arizona New Valley school lets students pick career-path academies Sponsored Stories The initial objections by GOP women forced party leaders to abruptly abandon plans to debate the legislation on Jan. 22. That was the day of the annual March for Life, which brings thousands of anti-abortion protesters to the capital.Instead, the House passed legislation that day to permanently ban federal aid for most abortions. That bill represented little change from current law since Congress votes to do that every year.The fate of the late-term abortion ban remains dim. Abortion rights lawmakers in the more moderate Senate could stifle the measure by denying it the 60 votes it would need to avoid dying from procedural delays. President Barack Obama would likely veto it anyway.Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Ex-FBI agent details raid on Phoenix body donation facility Anti-abortion groups and lawmakers who worked with GOP leaders praised the legislation.Carol Tobias, president of National Right to Life, called the measure “a strong bill” and said GOP leaders “deserve great credit for not taking the easy route of gravely weakening the bill in order to facilitate a quick vote.”Rep. Trent Franks, R-Ariz., the bill’s chief sponsor, said the measure “will now unite the pro-life base in a positive and effective way.”Democrats and abortion-rights groups opposed the initial bill and are likely to do the same now.The latest measure is “designed to deny America’s women access to the full range of health care services without a meaningful exception to protect women’s health,” said Drew Hammill, spokesman for House Minority Leader Nancy Pelosi, D-Calif. “Republicans like to claim there’s no GOP ‘war on women,’ but actions speak louder than words.”Aides to lawmakers who opposed the bill’s original reporting requirement, including Rep. Renee Ellmers, R-N.C., who was one of the most outspoken foes, did not respond to requests for comment.But an aide to one lawmaker who had objected to the initial requirements said that lawmaker was consulted as the legislation was being changed and supports the new version. The aide spoke on condition of anonymity because they lacked permission to discuss the issue with reporters on the record.last_img read more