Province Funds Research and Development to Attract Offshore Exploration

first_imgThe government of Nova Scotia is putting new money into research and development to encourage drilling in offshore Nova Scotia. Today, the province announced a $100,000 grant to a research association to explore the use of electromagnetic imaging technology to help find oil and gas deposits in offshore Nova Scotia. “Nova Scotia has proven oil and gas reserves. I want more exploration and that is why government is helping to make it happen,” said Energy Minister Bill Dooks. The grant was awarded to Petroleum Research Atlantic Canada. “Electromagnetic imaging technology has the potential to accelerate the identification of drilling prospects and reduce exploration risk,” said Dave Finn, president of Petroleum Research Atlantic Canada. “This is a nicely focussed strategic investment by the province. We’re delighted to facilitate projects like this for our members.” The government said an announcement of nearly $1 million worth of geoscience research work will be made in the coming weeks, part of the province’s $6 million investment in research and development and other data initiatives in the past 14 months. This investment was one of several measures presented to industry members attending OTC ’07 in Houston, Texas, one of the world’s largest oil and gas shows. Industry members heard about the changes the province’s regulator — the Canada-Nova Scotia Offshore Petroleum Board — will be making to generate interest in our potential. The changes include creative approaches to land tenure issues and creating more flexible terms and conditions for new exploration licenses. In addition to the policy changes around offshore licencing, the province also outlined its steps to create a streamlined regulatory process. And it highlighted its world-class companies and workforce from Nova Scotia. Thirty-two Nova Scotia companies are taking part in the conference. With more than 2,000 exhibiting companies, and 50,000 delegates, the Offshore Technology Conference ranks among the 10 most attended trade shows in the United States. For more information, see the Department of Energy website at www.gov.ns.ca/energy .last_img read more

Read more on Province Funds Research and Development to Attract Offshore Exploration

Unknown: Illegitimate children in Morocco struggle for identity

By Islam Abdelouali“I have only God,” says Aziza. Rabat – Aziza Kanzi, 40, lives in one small room, roofed by corrugated metal and wood in a slum called “Sahb El Caid” in Salé just across the river from Rabat. Kanzi is the mother of 8 children.  Four of those children came from her marriage to a man who died 13 years ago.  She never married the father of the other four, ages 2.5 to 11. These youngest children are not registered. Without registration in Morocco, it is almost as if these children don’t exist. “Bastards,” they are called. In Morocco, registration allows the child to be declared in what Moroccans call “the Family Book.” A couple receives this book once they get married. Having this family book makes it possible to get any document in the future, such as the national identity card.  This card allows many things like taking the baccalaureate exam, having a passport, and getting married eventually.  From left, Abdelaziz & Sifeddine, 6, wrestle each other on a cushion in their shack. Kanzi describes her children like a gang, or a footbal team.153 children are born illegitimately every day in Morocco and more than half are not registered, according to the association based in Casablanca, Institution Nationale de Solidarité avec les Femmes en détresse (INSAF). Illegitimate children who are registered were helped by associations to get their names registered or took their mothers’ names, according to INSAF. The number of illegitimate children in Morocco is rising and INSAF estimates that within 20 years half of all children will be illegitimate. In 2004, the family code was reformed to improve the situation of women and especially the protection of children in all circumstances.Abdelaziz, 10, sits and looks into the kitchen while his mother, Aziza Mohammed Kanzi, 39, folds clothes behind him. Kanzi’s 4 illegitimate children live with her in a small shack in the slums of Sahb Al Caid in Salé. “[My children] will blame me for this poor life conditions,” Kanzi said.“There have been tangible advances since the reforms of 2004, however, the mentalities should change because this issue in not only juridical, it is societal”, says Aicha Ech-chana, an activist and president of an NGO called “Solidarité Féminine”. “Now, if the father doesn’t admit and recognize his fatherhood to the child, or if he is unknown or disappeared, the mother can register the child and give him her last name but only under the  condition that she gives a fictitious name for the father starting with “Abd”.”The mother has a deadline of 30 days after giving birth to register her child. And once she goes beyond that period, she has to go through the court to finish the procedures of registration. But, the majority of women who find themselves in that delicate situation are frightened and scared to go through the court and prefer to just let it go. “I don’t even know the alphabet”, says Aziza.Aziza puts buckets on the ground to collect the rain pouring from the roof. Holding her baby girl Marwa, she talks about her struggles with neither an income, nor a family to rely on. “I’m fed up with this situation. Sometimes, I just think about leaving everything and never coming back.”Aziza Mohammed Kanzi smiles at her daughter, Marwa, 1, before letting her fall asleep. “I don’t want them to be like me, I want them to get education and hopefully work in the future,” Kanzi said.Photos and captions by: Rachel Woolf. Lauren Kopchik and Rachel Woolf contributed to this article. read more

Read more on Unknown: Illegitimate children in Morocco struggle for identity

Jakov Gojun Atletico Madrid out for up to three weeks

← Previous Story Problems for Vive Kielce: Cupic and Buntic out three months Next Story → Dirk Beuchler leaves TBV Lemgo at season end atletico madriddushebayevgojunJakov Gojunmadrid Jakov Gojun has undergone a small operation after an urologic infection was detected. His recent surgery means that he will remain 7 days in Croatia, and then after returning to Spain will be out for about two to three weeks, which means probably missing the remainder of the group phase of Atletico Madrid‘s Champions League matches. read more

Read more on Jakov Gojun Atletico Madrid out for up to three weeks

Operation DarkNet sees child porn sites taken offline by Anonymous

first_imgIn a move that would make Chris Hansen proud, Anonymous members have successfully shut down one of the largest child pornography hosts on the Internet. Lolita City and about 40 other sites hosted by Freedom Hosting had their servers taken offline — and Anonymous vowed in a statement to continue the hunt and strike down any server it finds to be hosting, promoting, or supporting child pornography.The Freedom Hosting servers were originally taken down in the wee hours on October 14th, but administrators managed to restore backups and restore service by the following afternoon. They even re-doubled security, but Anonymous returned and shut them down a second time.Anonymous originally zeroed in on Freedom Hosting after some of its “members” found offending images on a Wiki site lurking in the shadows of the Tor network — where Freedom Hosting was also keeping its CP-peddling clients hidden. Tor’s network has loads of practical uses — such as helping users in countries where internet censorship is imposed by the government. Abusing a tool that Anonymous utilizes and champions is ill advised in an year where hacktivism has become commonplace, and that’s a big part of what put Freedom Hosting and customers like Lolita City in the firing line.As Graham Cluley points out over on the Sophos Blog, the takedown certainly seems like awesome news, but there could be a major downside. It’s possible that law enforcement agencies could have been investigating Freedom Hosting and the operators and members of the affected sites. If Anonymous’ actions have thrown a wrench into the works and interrupted or derailed those operations, this could be a net loss in the battle against child pornography.More at Sophoslast_img read more

Read more on Operation DarkNet sees child porn sites taken offline by Anonymous

25th anniversary Melbourne Thessaloniki Sister City relationship

first_imgThe cities of Melbourne and Thessaloniki are celebrating this year the 25th anniversary of their sister-city relationship.The event will be commemorated with an array of festivities that started on Saturday. The Thessaloniki Association White Tower organised a lecture given by Kyriakos Amanatidis about the new Acropolis Museum. Last week, the Thessaloniki Association joined forced with the Bank of Cyprus to hold a special event for children. The celebrations continued on Saturday with the Association’s annual ball and the climax took place yesterday with a one day festival taking place in Federation Square. The event included among other things folkl dances, live music and featured guest singer from Thessaloniki, Kostas Kanias. An official ceremony will be held at the Victorian Parliament tomorrow in recognition of the 25th anniversary of the relationship between the two cities of Melbourne and Thessaloniki. Facebook Twitter: @NeosKosmos Instagramlast_img read more

Read more on 25th anniversary Melbourne Thessaloniki Sister City relationship

De nouvelles créatures étranges découvertes dans les profondeurs de lAtlantique découvrez les

first_imgDe nouvelles créatures étranges découvertes dans les profondeurs de l’Atlantique, découvrez les imagesOcéan Atlantique – Couleurs vives, formes surprenantes ou transparence irréelle, une dizaine de nouvelles espèces ont été découvertes dans les profondeurs de l’océan Atlantique, à l’occasion d’une mission scientifique ayant utilisé les dernières innovations technologiques en matière de plongée.  Plusieurs de ces créatures pourraient constituer les “chaînons manquants” entre vertébrés et invertébrés, selon les scientifiques du programme de recherche international MAR-ECO à l’origine de leur découverte.En plus de ces nouvelles espèces, d’autres échantillons d’animaux rares ont été collectés à l’occasion de cette mission de six semaines à bord du navire James Cook. Les détails de l’expédition ont été révélés par les scientifiques de l’université d’Aberdeen, représentant la Grande-Bretagne dans ce projet d’exploration sous-marine mené le long de la dorsale médio-atlantique, entre l’Islande et les Açores. Des sous-marins miniatures téléguidés (plus connus sous leur acronyme anglais ROV, pour Remote operated vehicle) ont permis de collecter des échantillons de faune à des profondeurs comprises entre 700 et 3.600 mètres. Une attention toute particulière a été portée à la zone comprise entre les eaux froides situées au nord du Gulf Stream, et celles plus chaudes circulant plus au sud. Le professeur Monty Priede, directeur d’Oceanlab à l’université d’Aberdeen, est enthousiaste : “En utilisant les nouvelles technologies et des techniques de navigation précises, nous pouvons accéder à ces régions et y découvrir des êtres dont nous n’aurions jamais soupçonné l’existence.” Dans les plaines du nord-ouest, les chercheurs ont ainsi collecté des entéropneustes, proches cousins des annélides. “Ces vers appartiennent à un petit groupe d’animaux proches du chaînon manquant entre vertébrés et invertébrés”, explique le Pr. Priede. “Ils n’ont pas d’yeux, pas d’organes des sens différenciés ou de cerveau, mais possèdent une tête et une queue et le schéma archaïque d’un animal vertébré.” À lire aussiUn plongeur se fait attaquer par un lion de merParmi les nouvelles espèces découvertes lors de cette mission, organisée dans le cadre du programme Census of Marine Life (Recensement de la vie marine), trois nouveaux entéropneustes ont notamment été découverts, de forme et de couleur différentes. Découvrez les images : https://www.maxisciences.com/d%e9couverte/de-nouveaux-habitants-des-profondeurs-sous-marines-identifies-par-les-scientifiques_art8333.htmlLe 13 juillet 2010 à 13:33 • Emmanuel Perrinlast_img read more

Read more on De nouvelles créatures étranges découvertes dans les profondeurs de lAtlantique découvrez les

Nos ancêtres préhistoriques avaient moins de problèmes dentaires que nous

first_imgNos ancêtres préhistoriques avaient moins de problèmes dentaires que nousDes chercheurs australiens ont comparé la plaque dentaire d’hommes préhistoriques avec celle des hommes modernes et ont montré que nos ancêtres présentaient moins de problèmes dentaires que nous.Le bon équilibre de la flore bactérienne est essentiel au bon fonctionnement de notre organisme. Et notre bouche n’échappe pas à cette règle ! Partis de là, le professeur Alan Cooper et son équipe de l’université d’Adélaïde, en Australie, sont allés étudier cette flore dans la plaque dentaire de 34 squelettes d’hommes préhistoriques européens. Ils sont ainsi parvenus à retrouver l’ADN des bactéries qui étaient présentes au temps de ces lointains ancêtres. Ceci leur a alors permis de déterminer quelles espèces bactériennes vivaient dans la bouche de nos ancêtres, au Mésolithique (il y a 7.500 ans), au Néolithique (il y a 4.000 ans), à l’âge de Bronze (il y a 3.000 ans) et au Moyen-Age (il y a entre 1.100 et 400 ans). Puis ils ont comparé ces données avec celles obtenus à partir de nos bouches modernes et les résultats ont été édifiants ! Les scientifiques ont en effet constaté que la bactérie responsable des caries, Streptococcus mutans, n’a véritablement commencé à envahir les bouches qu’après la Révolution industrielle, il y a 150 à 200 ans. Il semblerait même que seuls les chasseurs-cueilleurs du Mésolithique aient été (presque) exempts de problèmes dentaires, contrairement à nos bouches modernes qui présentent des troubles diverses. En réalité, les problèmes dentaires auraient fait leur apparition dès la systématisation de l’agriculture au Néolithique et la transition vers un régime alimentaire riche en céréales domestiques. Néanmoins, à cette période, la principale bactérie était plutôt Porphyromonas gingivalis qui est responsable des gingivites et parodontites, des inflammations qui peuvent entraîner la perte des dents. Une bouche dans un “état de maladie permanent” À lire aussiMaladie de Charcot : symptômes, causes, traitement, où en est on ?De nos jours, le problème principal est en fait le manque de diversité. Comme l’explique le Pr Cooper cité par Slate.fr : “la composition en bactéries buccales a grandement changé avec l’introduction de l’agriculture, puis, à nouveau il y a 150 ans. L’arrivée des sucres et farines raffinés à la Révolution industrielle a été accompagnée d’une chute spectaculaire de la diversité de la flore bactérienne buccale, ce qui laisse la place à la domination par des souches bactériennes responsables de caries”.Au vu de la découverte réalisée, le scientifique conclut ainsi : “La bouche moderne se trouve en gros dans un état de maladie permanent”. Le 20 février 2013 à 18:18 • Maxime Lambertlast_img read more

Read more on Nos ancêtres préhistoriques avaient moins de problèmes dentaires que nous

KFC Smartphone Looks FingerLickin Good

first_img Finally, KFC Makes A Colonel Sanders Dating GameKFC Tests Plant-Based Beyond Fried Chicken in Atlanta Stay on target People traditionally celebrate 30 years with pearls or diamonds. KFC China, however, is marking its anniversary with something a bit more modern.In 1987, Kentucky Fried Chicken became the first Western restaurant chain to open in China. Three decades later, the fast food joint has teamed up with Huawei to release a branded smartphone.Details are scant. But based on a poorly translated ad posted to Weibo, 5,000 special-edition phones will be produced, each engraved with Colonel Sanders bespectacled face and the year “1987” on the back. The catch: They will be sold only in China.KFC’s new Enjoy 7 Plus device doesn’t exactly stand out from the crowd: It runs Android 7.0 and has a Snapdragon 425 processor, 3GB of RAM, 32GB of storage, and a microSD card slot.There is even a fingerprint scanner on the back, according to The Guardian, which tipped a gratis 100,000 “K dollars,” the Colonel’s virtual currency.The bright red handset also comes loaded with KFC wallpaper and app, for ordering food on the go. A separate music program lets users play DJ at any of the country’s franchises; blast songs like “Happy Birthday” and Wagner’s bridal chorus (perfect accompaniment to a fried-chicken proposal) over the restaurant speakers.KFC opened in Qianmen, Beijing, in November 1987. The chain has since expanded to include more than 4,500 outlets in China—the company’s single largest market.This isn’t the Colonel’s first tech-infused publicity stunt: In 2014, the company created a keyboard covered in fried chicken paraphernalia and matching fried-chicken-drumstick mouse and USB drive. A year later, the KFC Tray Typer—part of a German advertising campaign—launched as the ideal way to respond to texts without ever laying a grease-stained finger on your handset.The packaging-as-appliance gimmick continued with 2016’s limited-edition 5-in-1 Watt A Box meal crate, complete with a chicken zinger, hot wings, hash browns, chocolate pie, mobile power bank, and micro-USB and Lightning charging cables.And just last month, KFC sent a chicken sandwich into the stratosphere, where it floated between 60,000 and 80,000 feet above Earth for four days.Let us know what you like about Geek by taking our survey.last_img read more

Read more on KFC Smartphone Looks FingerLickin Good

Walmart Wants to Deliver Groceries to Your Fridge Even if You Arent

first_img Walmart, ESPN Target Video Game Guns Following Actual Gun TragedyUC Santa Barbara, ‘Inventor’ of Filament LED Bulbs, Is Suing Everyone This Walmart delivery guy sure looks happy. You know why he looks so happy? Because he’s on his way to a customer’s house with a load of groceries, and he’s going to have the whole place to himself.The next big thing in grocery shopping is store-to-fridge delivery, even when you’re not home. It’s Walmart’s latest attempt to lure American consumers away from Amazon, and it just might be crazy enough to work. As long as you’re willing to get past the whole “there’s a complete stranger in my house” thing.Walmart does make it all sound incredibly convenient, though. You’ve got a lot going on, what with your job, your family, your cat, and all the hilarious and super-important Imgur uploads you need to check out before the end of the day.You don’t have time to shamble from aisle to aisle at a store to re-stock your shelves. You don’t even have time to park, run in, and grab your pre-packed order. Well, maybe you do have the time to do that… but who wants to deal with the hassle of navigating a busy Walmart parking lot after a long day just to grab a few provisions?Not you, not when someone will gladly take them to your house and pop them right into the fridge so they don’t spoil. Just think about it… Instead of dreading an after-work shopping trip you could simply shop for your groceries furtively during that boring departmental meeting and arrive home later to a bevy of dining options.It really does sound pretty awesome, and it’s not like Deliv doesn’t do background checks on the people they hire. Plus it’s super easy to set up a houseful of connected cameras these days if you want to monitor the process from entry to exit.Let us know what you like about Geek by taking our survey. Stay on targetlast_img read more

Read more on Walmart Wants to Deliver Groceries to Your Fridge Even if You Arent

Motorcyclist injured in Highway 14 crash in Skamania

first_imgA Portland motorcyclist was injured Wednesday evening in a crash on Highway 14 in Skamania County.Jacob L. Cummings, 26, was transported to PeaceHealth Southwest Medical Center with lacerations and abrasions to the leg, hip and back. He was listed in satisfactory condition Thursday night.State troopers said the crash occurred at 7:30 p.m. about four miles east of Cape Horn. Cummings was rounding a curve, went out of control and skidded off the roadway. His 2003 Suzuki motorcycle collided with a guardrail. A Ford truck driven by Dayne Waldkirch struck debris from Cummings’ bike, according to a news bulletin from the Washington State Patrol. Waldkirch, of Battle Ground, was not injured, the state patrol said.Troopers said they concluded Cummings was driving too fast for conditions.last_img read more

Read more on Motorcyclist injured in Highway 14 crash in Skamania

Blue Angels headline Fort Lauderdale Air Show for first time since 2006

first_imgDiamond formation again, this time with the 1 and 4 planes inverted. pic.twitter.com/DVT7uD6geT— Matt Burnell (@mdburnell) May 4, 2019The display of air showmanship draws thousands of people every year, uniting military and civilian performers for high-flying performances.“This is amazing,” said spectator Ramses Rivero. “This is a great experience for the family, the kids and just to feel the power of these jets.” The Fort Lauderdale Air show continues thru Sunday.Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. FORT LAUDERDALE, FLA. (WSVN) – The U.S. Navy is showing off their Angel wings at the Fort Lauderdale Air Show this weekend.The Blue Angels returned to Fort Lauderdale Beach for the first time since 2006 for a special headline appearance.7News cameras captured the aircraft as their twists, turns and formation flying wowed attendees at the annual event.last_img read more

Read more on Blue Angels headline Fort Lauderdale Air Show for first time since 2006

Ebro Darden Takes New HipHop RB Leadership Role At Apple Music

first_imgDarden grew up working at various stations and plans to use his new role to reach local communities around the world.”This is a global position as well. So, as we build this out, I’ll be doing the same thing I want to do in America in the U.K., Africa, India, Japan, Brazil and other countries,” he said. “I’ll be wherever R&B and hip-hop are being consumed and working to create communication amongst communities around the world through Apple Music — making sure that black music is getting recognized and developing the next superstars.””Ebro In The Morning” is broadcast on Hot 97 Monday through Friday, 6:00–10:00 a.m. Eastern Time. Ebro — short for Ibrahim — also plans to continue his Monday through Friday Beats 1 streamcast from 3:00–5:00 ET. He originally joined Apple Music in 2015, co-hosting with Julie Adenuga and Zane Lowe.NYC Council Approves Wu-Tang Clan And Notorious B.I.G. Street NamesRead more Twitter Ebro Darden Takes New Hip-Hop, R&B Leadership Role At Apple Music Ebro Darden’s Hip-Hop, R&B Role At Apple Music ebro-darden-takes-new-hip-hop-rb-leadership-role-apple-music Radio personality and executive takes on new Apple Music duties with an eye toward building international communitiesPhilip MerrillGRAMMYs Jan 2, 2019 – 3:16 pm Hip-hop radio veteran Ebro Darden has added a new full-time gig on top of his daily duties on air. Most associated with New York’s WQHT Hot 97, including as a programming executive, Darden co-anchors Apple Music’s Beats 1, and as of Jan. 2 he is the new Global Editorial Head of Hip-Hop and R&B for Apple Music.”This is music made by people living real lives and artists speaking on behalf of those real lives,” Darden said.His community-centered point of view has helped him grow multiple networks through the years. Apple Music Global Director of Editorial Rachel Newman told Billboard, “He’ll obviously take a leadership position for us not just in hip-hop and R&B but also in the communities where the music is made, which is also exciting and something unique to Ebro.” Facebook Email https://twitter.com/oldmanebro/status/1080474668224655360 News last_img read more

Read more on Ebro Darden Takes New HipHop RB Leadership Role At Apple Music

Update Hyder Border Closure Keeps Emergency Access

first_imgCanadian officials say the small Southeast Alaska town of Hyder will continue to have 24-hour-a-day access to emergency health care.The Canada Border Services Agency began closing the road to nearby Stewart, British Columbia, on April 1. The cost-cutting measure locks the border gate from midnight to 8 a.m.Hyder residents depend on Stewart for health care and mainland road access. They demonstrated against the closure last week, saying it would hurt business, as well as emergency services.Agency spokeswoman Jennifer Bourque says ambulance, fire and police agencies have been given gate keys to continue all-day access. Residents can also call the agency.“The protocol is only for emergencies,” she says.Ketchikan State Rep. Dan Ortiz, whose district includes Hyder, and U.S. Sen. Lisa Murkowski contacted Canadian officials to argue against the closure.The Alaska city of fewer than 100 residents is about 75 miles northeast of Ketchikan. Stewart, a few miles away, has about 500 people.The closure comes at the start of the area’s tourist season. Business owners say it will scare away bear-viewers, photographers and anglers who head out in the early morning hours.last_img read more

Read more on Update Hyder Border Closure Keeps Emergency Access

Micromax Canvas 4 Specs Leaked May Be Priced ₹15990

first_imgMicromax Canvas 4 is the next most anticipated smartphone launch in India. According to latest reports, Canvas 4 is is likely to come with a price tag of ₹15,990.Technology website BGR reported that the smartphone is now up for pre-orders in the country. Citing a tipster, the website also revealed the full specifications of the soon-to-be launched Canvas 4 handset.Rumours about the next generation Canvas smartphone have gained traction with its debut event just around the corner. Regarding its specifications, Canvas 4, is expected to sport a 5.5-inch 1080p display powered by a 2GHz quad-core Cortex A7 processor along with PowerVR Series 5XT graphics. It is also speculated to pack 2GB of RAM and 8GB of internal storage which can be further expanded through the microSD card slot.On the connectivity front, the device may arrived with dual-SIM card slots, 3G, NFC, Bluetooth 4.0, Wi-Fi, and USB 2.0 ports. It is also expected to host a 13-megapixel rear camera with dual-LED flash, a 3.2-megapixel front-facing camera, 3,000mAh battery and the ubiquitous Android 4.1.2 Jelly Bean operating system. The other add-on features of the image snapper would be autofocus, face and smile detection and image stabilization. An alleged image of the smartphone, which emerged on Sunday, suggested that the front part of the handset would come with a polycarbonate plastic and the back in aluminium. The Canvas 4 which has already made its appearance on retailer website Saholic will reportedly be available for pre-orders from 28 June. The image which showed the phone in white shared similarities with the design language of Samsung Galaxy S 4. The phone is expected to come in black and white variants.last_img read more

Read more on Micromax Canvas 4 Specs Leaked May Be Priced ₹15990

Russia returns as investors playfield after 2014s oil price collapse business sanctions

first_imgRussia is returning from the investment wilderness after last year’s oil price collapse and Western business sanctions with funds attracted by falling interest rates and a light 2016 debt repayment calendar.Those who braved Russian markets this year are already in line to scoop dollar-based returns of 15-20% on equities and bonds, among the best in the world.But this merely represents recovery after a horrific 2014 that saw the Rouble crash by 40%, $150 billion capital outflows and the spectre of default by Russian companies that had borrowed heavily in dollars.Now, almost a year after a dramatic late night 6.5% point interest rate rise to defend the collapsing Rouble, a turnaround for the economy and investment flows may be nigh. That is, provided geopolitics, oil prices and the domestic economy all deliver as hoped.”Russia is definitely one to watch,” Mark Burgess, CIO for Columbia Threadneedle Investments, EMEA told the recent Reuters Global Investment Outlook summit. “Were there to be any signs of sanctions being lifted, there would be investment opportunities being thrown up from that.”Despite the latest geo-political spat with Turkey over the downing of a Russian warplane, the commonly held view now is that with Moscow joining the alliance against Islamic State militants in Syria, ties with the West are on the mend.That in turn means sanctions imposed for Russia’s meddling in Ukraine may be rolled off in 2016, at least by Europe.While those measures only bar some companies such as Rosneft and Sberbank from tapping global capital markets, their removal will be a game-changer because of the risk premium they have added to Russian assets in general.Other positives: the exchange rate plunge has protected Russia’s balance of payments surplus, and the Rouble, having fallen 20% this year in real terms – versus currencies of trade partners and adjusted for inflation – looks cheap.Any sign of oil prices bottoming out into next year would also be a significant catalyst for Russian assets.And while the economy will remain in recession, the worst of the downturn may be over, most investors believe.Also setting Russia apart from emerging peers such as Brazil and Turkey is a balance of payments surplus that may top 4% of annual economic output next year.That’s key at a time of rising US interest rates when international capital is costlier and harder to come by.EXTERNAL DEBTRussian companies have been more resilient than expected, as their own cash buffers and state aid have headed off anticipated debt defaults.That scenario looks even more unlikely now, given their external debt repayments amount to around $75 billion next year, versus well over $100 billion in 2015 and almost $50 billion just in the last 2014 quarter.”The market is looking ahead and seeing external debt as less of a headwind,” UBS strategist Manik Narain said.Russian bankers say they are flush with dollars, as firms fearing asset freezes by the West have repatriated cash held abroad – state-run lender VTB for instance says its corporate deposits have swollen 20% in the past year and loan books have grown 13%.Receding default risk has helped the yield premia offered by Russian companies’ dollar bonds over US Treasuries to fall a massive 4% points this year, according to JPMorgan which runs the most widely used emerging debt indexes.Russian corporate bonds have returned 26% this year, more than double total returns on the CEMBI index, JPM said, predicting that low supply of new bonds and geopolitics will support gains into 2016.RATE CUTSThanks to the Rouble’s bounce from record lows and five interest rate cuts, Russia tops this year’s local emerging debt league tables with 20% returns, but similar gains can be expected in 2016, says JPMorgan which advises clients to hold more Russian debt than the country’s weight in the index.That view assumes inflation will slow, allowing more rate cuts. Reuters polls forecast end-2016 inflation at 8%, from about 13% now, while interest rates are seen dropping to 8% from 11%.”I like Russia for several reasons…first, rate cuts will lead to lower yields and second, we expect the Rouble to stabilise because of oil and greater engagement with the West,” said Marcelo Assalin, Head of Emerging Debt at NN Investment Partners, who has been raising allocation to Russian debt.Adjusted for inflation, Russian government spending should contract 5% next year after a 15% fall in 2015, savagely compressing price growth and making domestic debt a good structural trade, said David Hauner Head of EEMEA Debt and Strategy at Bank of America Merrill Lynch.”Our core view continues to be that Russian yields will come down very substantially…this is an economy which is very disinflationary in terms of trend with a very contractionary fiscal policy,” he said.It is harder to make a case for equities, given recession, weak commodities and the consumer demand squeeze. But Ken Lambden, Chief Investment Officer of Baring Asset Management sees opportunities in sectors such as internet and retail.last_img read more

Read more on Russia returns as investors playfield after 2014s oil price collapse business sanctions

India orders antitrust probe of Google for alleged Android abuse

first_imgThe Competition Commission of India last year started looking into the complaint, which is similar to one Google faced in Europe that resulted in a 4.34 bn euro ($5 bn) fine on the firm.ReutersIndia’s antitrust watchdog has ordered an investigation into Alphabet Inc’s unit Google for allegedly abusing the dominant position of its popular Android mobile operating system to block rivals, two sources aware of the matter told Reuters.The Competition Commission of India (CCI) last year started looking into the complaint, which is similar to one Google faced in Europe that resulted in a 4.34 billion euro ($5 billion) fine on the company, Reuters reported in February.In mid-April, the CCI decided there was merit in the accusations made in the complaint and ordered its investigation unit to launch a full probe, one of the sources with direct knowledge of the matter said.That decision, which was confirmed by the second source, has not been previously reported and the order calling the full investigation was not made public.”It is a strong case for the CCI, given the EU precedent,” said the first source. “The CCI has (preliminarily) found Google abused its dominant position.”The probe would be completed in about a year and Google executives would likely be summoned to appear before the CCI in coming months, the source said.The CCI did not respond to a request for comment.A Google spokesman said Android has enabled millions of Indians to connect to the internet by making mobile devices more affordable. Google looked forward to working with the CCI “to demonstrate how Android has led to more competition and innovation, not less”, the spokesman said in a statement.Reuters could not establish who filed the complaint, which involves more than one person.UNFAIR ADVANTAGEThe precise details of the complaint against Google in India could not be determined, but sources have told Reuters it is on the exact same lines as the case filed against the company in Europe.In the EU case, regulators said Google forced manufacturers to pre-install Google Search and its Chrome browser, together with its Google Play app store, on Android devices, giving it an unfair advantage.Google has appealed the order but, in a bid to quell EU antitrust concerns, last month said its Android device users in Europe would be able to choose rival browsers and search engines. Once a user downloads a rival search app, it also prompts them to change their default search engine in their Google Chrome browser, if they so wish.Android, used by device makers for free, features on about 88 percent of the world’s smartphones. In India, about 99 percent of the smartphones sold this year used the platform, Counterpoint Research estimates.It remains possible that the CCI’s investigations unit could clear Google of any wrongdoing. The amount of fine that can be imposed on Google if the CCI rules against it was not immediately clear.The Indian regulator has powers to impose a penalty of up to 10% of the relevant turnover of a company in the last three financial years if it is found to have abused its dominant position. In that case, Google’s earnings linked to its web browser and the search engine could be considered to assess the fine, New Delhi-based antitrust lawyer Gautam Shahi said.Google does not disclose its India earnings from its web browser or search engine.”They can either change their conduct in India voluntarily or let CCI investigate. Voluntary change in conduct may have an impact on the quantum of penalty, if it’s imposed,” said Shahi.The Indian investigation, however, is not the only antitrust trouble for the Mountain View, California-based company in its key market.Last year, the CCI imposed a fine of 1.36 billion rupees ($19.46 million) on Google for “search bias” and abuse of its dominant position. It also found Google had put its commercial flight search function in a prominent position on the search results page.Google appealed against that order, saying the ruling could cause it “irreparable” harm and reputational loss.last_img read more

Read more on India orders antitrust probe of Google for alleged Android abuse

Top Democrats Pull Out Of Planned Meeting With Trump

first_imgEvan Vucci/APSenate Minority Leader Chuck Schumer, D-N.Y., and House Minority Leader Nancy Pelosi, D-Calif., along with  Senate Majority Leader Mitch McConnell, R-Ky., at an Oval Office meeting with President Trump in September. The top Democrats have pulled out of a similar meeting planned for Tuesday afternoonThat meeting between President Donald Trump and the bipartisan leaders of Congress will not be bipartisan after all, since Democratic leaders suddenly pulled out of the get together planned at the White House this afternoon.Senate Minority Leader Chuck Schumer and Nancy Pelosi, leader of the House Democrats, announced they would no longer take part after Trump tweeted he doesn’t “see a deal” between Democrats and the White House over funding the government past Dec. 8, when current funding is set to expire.Meeting with “Chuck and Nancy” today about keeping government open and working. Problem is they want illegal immigrants flooding into our Country unchecked, are weak on Crime and want to substantially RAISE Taxes. I don’t see a deal!— Donald J. Trump (@realDonaldTrump) November 28, 2017The Democrats responded in a joint statement that rather than going to the White House for a “show meeting,” they will continue to negotiate with Republican Congressional leaders to avert a government shutdown. Schumer tweeted:Given that @POTUS doesn’t see a deal btwn Dems & the White House, we believe the best path fwd is to cont. negotiating w/ our GOP counterparts in Congress instead. Rather than going to the White House for a show meeting, we’ve asked @SenateMajLdr & @SpeakerRyan to meet this pm.— Chuck Schumer (@SenSchumer) November 28, 2017The statement from Schumer and Pelosi continued:“If the President, who already said earlier this year that ‘our country needs a good shutdown,’ isn’t interested in addressing the difficult year end agenda, we’ll work with those Republicans who are, as we did in April. We look forward to continuing to work in good faith, as we have been for the last month, with our Republican colleagues in Congress to do just that.”Congress has a host of issues to deal with before the end of the year, including a spending bill to keep the government operating past Dec. 8th. Democrats and some Republicans also want to include legislation that would enable the so called Dreamers, people who were brought here illegally as children, to remain in the country.Congress also needs to agree on reauthorizing the Children’s Health Insurance Program, which some states say is already running low on cash. Republicans and Democrats are also at odds over defense spending levels.All of those issues are complicating negotiations to keep the government open past next week. It’s likely that a short-term extension could push negotiations closer to Christmas.Copyright 2017 NPR. To see more, visit http://www.npr.org/. Sharelast_img read more

Read more on Top Democrats Pull Out Of Planned Meeting With Trump

5 Shot in West Baltimore Neighborhood

first_imgBALTIMORE (AP) — Baltimore Police say five people have been shot in a west Baltimore neighborhood.Department spokesman T.J. Smith says the shooting occurred about 3:45 p.m. Tuesday when a lone gunman shot at people who were on the street.Four people were shot in the legs and one person suffered a graze wound, Smith said, adding that the injuries do not appear to be life-threatening. Four of the victims, who, Smith said, range in ages from 17 to 55, were being treated at hospitals.This was the second multiple midday shooting in Baltimore in less than a week. On Friday afternoon, one man was killed and four people were hurt in a shooting outside a strip of stores.Smith reiterated that police need the community’s help in identifying the shooters.last_img read more

Read more on 5 Shot in West Baltimore Neighborhood

Buckle Up Googles SelfDriving Cars to Hit the Open Road

first_img Register Now » Free Webinar | Sept 5: Tips and Tools for Making Progress Toward Important Goals 2 min read Today, self-driving cars are taking another step from 1984-esque daydream to mainstream, everyday, regular reality.  Starting this summer, Google’s autonomous vehicles will drive on the open roads in Mountain View, Calif., according to an announcement the company released today. Google has already had self-driving cars on the road for a while now, in partnership with Lexus. What’s hitting the public streets for the first time this summer are the vehicles that Google has built from the ground up, specifically for self-driving.The cars will only be driving around on public roads with a safety driver, who can take over operation of the vehicle in an emergency. Also, the cars will never go more than 25 mph, Google says.Related: Elon Musk: Human-Driven Cars Might Someday Be BannedTake a look. It’s for real.Google’s fleet of more than 20 self-driving cars has been zooming around test tracks for six years already, clocking 1.7 million miles, according to a post from earlier this week, written by Chris Urmson, director of Google’s self-driving car program. Of that 1.7 million miles, the cars have driven more than 1 million of the miles without a driver. Recently, the self-driving fleet has been averaging 10,000 self-driven miles per week, Urmson says.In the 6 years that Google has been testing its self-driving fleet, the autonomous vehicles have been in 11 accidents. None of those have been the fault of the self-driving cars, according to Google’s own Urmson.Related: This Is What It’s Like to Ride in a Driverless CarGoogle is convinced that self-driving cars are safer than ones with humans at-the-wheel. Google points to the statistic that driver error causes 94 percent of crashes, according to the U.S. Department of Transportation National Highway Traffic Safety Administration.As Google brings its test fleet onto the city streets of Mountain View, it will be observing and researching how people interact with the autonomous vehicles as well as how the self-driving car technology manages situations when, say, the address it is supposed to arrive at is blocked or obstructed by traffic.Related: Driverless Cars Won’t Make Roadways Perfectly Safecenter_img May 15, 2015 Attend this free webinar and learn how you can maximize efficiency while getting the most critical things done right.last_img read more

Read more on Buckle Up Googles SelfDriving Cars to Hit the Open Road

Anaconda Enterprise 52 releases with special focus on machine learning in production

first_imgWith just a month after the release of Anaconda Distribution 5.2, the team at Anaconda, Inc excitingly announces the enterprise release of Anaconda Enterprise 5.2. The newer version of enterprise release boosts its capabilities with GPU-acceleration feature, cloud-native model management and scaling machine learning models. This release is expected to power-up the enterprises with high-speed digital interactions required in Artificial Intelligence and Machine Learning operations. New features in Anaconda Enterprise 5.2: GPU acceleration with Cloud-native support – Enables GPU computation for complex and heavy deep learning workloads. It provides secure and efficient utilization of GPU clusters thereby delivers efficient ways to perform large machine learning operations at scale. Job schedule – This allows priority jobs to be allocated with enough CPU and GPU allocation along with supporting regular deployments of recurring jobs. Easy Git integration – Provides support for collaborating your existing version control and continuous integration tools such as Bitbucket and Git With such new features, millions of scientists can take their machine learning projects from training to production level with complete security and absolute governance. The open source platform Anaconda Distribution is already benefiting over 6 million data science users to develop and optimize their machine learning models on large datasets. Anaconda Enterprise is the only product on the market that allows data scientists to go from laptop for model development to a 1000-node GPU cluster for training to production deployment—all with full reproducibility and governance. According to Anaconda, Inc., “Anaconda Enterprise is the only platform to combine core AI technologies, automated governance, and reproducibility, and cloud-native approaches to make data science teams as productive as possible. Anaconda Enterprise empowers organizations to develop, govern, and automate ML/ AI pipelines from laptop to production, quickly delivering insights into the hands of business leaders and decision-makers.” To know more on the administrator facing and backend improvement changes, you can read the release note which would be very soon available on the Anaconda Documentation. Until then, you can also refer to the official announcement about this release on Anaconda’s blog. Read Next How Amazon is reinventing Speech Recognition and Machine Translation with AI Alibaba introduces AI copywriter Nvidia and AI researchers create AI agent Noise2Noise that can denoise imageslast_img read more

Read more on Anaconda Enterprise 52 releases with special focus on machine learning in production