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Monthly Archives: September 2015

EU court sets US privacy pact ruling for Oct. 6

LUXEMBOURG: The  European Court of Justicewill deliver its ruling next Tuesday on a complaint about privacy on Facebook that has major implications for a data protection agreement between the EU and United States. Judgment in the case has been set for Oct. 6 at 9:30 a.m. (0730 GMT), a court spokesman said in a statement. Last week, the court’s adviser ...

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India delays implementation of bigger tobacco pack warnings

India has decided to delay implementation of bigger health warnings on tobacco packaging by a year until April 2016, as pressure mounts on New Delhi to take urgent steps to reduce tobacco consumption which kills up to 900,000 people a year.   NEW DELHI: India has decided to delay implementation of bigger health warnings on tobacco packaging by a year ...

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UK scientists start stem cell trial of potential blindness cure

LONDON: The first patient has been treated in Britain in a pioneering trial of a new treatment co-developed by Pfizer and derived from embryonic stem cells designed for patients with a condition that can cause blindness. Specialists at London’s Moorfields Eye Hospital said the operation, described as “successful”, was the first of 10 planned for participants in a trial of ...

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Offshore Wind a Threat to Gannets?

With about four percent of its population using offshore wind power, the U.K. is arguably the world leader in clean energy. But a new study suggests that the U.K.’s aims to harness renewable energy could have an unintended negative environmental impact. Researchers at the universities of Leeds, Exter and Glasgow have released a study suggesting that offshore wind farms could ...

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IMO Welcomes Adoption of Sustainable Development Goals

IMO Secretary-General Koji Sekimizu has welcomed the adoption of the United Nations Sustainable Development Goals (SDGS) and the 2030 Agenda for Sustainable Development by the U.N. as an ambitious set of targets with the potential to transform the world. “I truly believe that the sustainable development goals provide a clear pathway for the future of the world. Along the way ...

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Gazprom Acts on Home-Grown Spares Strategy

The Barents Observer reported last week that the Russian Ministry of Energy has openly expressing concern about safety, security and progress in offshore development as a result of a lack of spare parts. However, one player in the industry, Gazprom, has issued a statement about its homegrown part strategy. According to the ministry, Russian companies might lack as many as ...

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Low-Carbon Project Launched in Singapore

The Global Maritime Energy Efficiency Partnerships Project (GloMEEP), which aims to support increased uptake and implementation of energy-efficiency measures for shipping, was formally launched on Monday September 28 in Singapore, at the IMO-Singapore Future-Ready Shipping 2015 conference. This Global Environment Facility (GEF)/United Nations Development Programme (UNDP)/IMO project, formally designated “Transforming the Global Maritime Transport Industry towards a Low Carbon Future ...

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China to Launch National Emissions Trading Scheme

President Xi Jinping has announced plans for an emissions trading scheme whilst on a state visit to Washington. The announcement was made as Xi and Barack Obama issued a U.S.-China Joint Presidential Statement on Climate Change. The statement describes a common vision for a new global climate agreement to be concluded in Paris at COP21 this December. In the statement, ...

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MHI Divides Shipbuilding Business

On October 1 two new wholly owned group companies of Mitsubishi Heavy Industries (MHI) will commence business operations. Mitsubishi Heavy Industries Shipbuilding Co., Ltd. will handle ship constructions, while Mitsubishi Heavy Industries Hull Production Co., Ltd. will manufacture hull blocks. By making full use of the diverse resources cultivated at the Nagasaki Shipyard & Machinery Works, the two new companies ...

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Bill Gates Foundation Trust Sues Petrobras

The Bill & Melinda Gates Foundation Trust has sued Brazil’s Petrobras to recoup stock losses stemming from a corruption scandal at the state-run oil company. According to a complaint filed late Thursday night in federal court in Manhattan, Petrobras’ “pervasive bribery and money laundering scheme” caused the trust and another plaintiff, WGI Emerging Markets Fund LLC, to lose tens of ...

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New ISO 9001 Standard Released

The revised ISO 9001:2015 for Quality Management was published on September 23 after being approved unanimously by 75 member countries. This concludes over three years of revision work by experts from nearly 95 participating and observing countries to bring the standard up to date with modern needs. With over 1.1 million certificates issued worldwide, ISO 9001 helps organizations demonstrate to ...

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Novo shares jump ahead of its largest ever drug launch

COPENHAGEN: Shares in Novo Nordisk rose as much as 5 percent on Monday after the U.S. Food and Drug Administration (FDA) approved the diabetes drug Tresiba, allowing the Danish drugmaker to prepare its largest ever drug launch. The FDA’s decision late on Friday came two years after it had rejected the long-acting form of insulin. The world’s largest insulin maker ...

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Eyes on space, India launches ‘mini-Hubble’

India has launched its first space research observatory which will NEW DELHI: India launched its first space research observatory and several US satellites on Monday, part of Prime Minister Narendra Modi’s drive to expand his country’s influence in the competitive, US$300 billion global space industry. The observatory, named ASTROSAT, will help Indian scientists intensify space exploration efforts by studying distant ...

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Shell pulls the plug on Arctic exploration for now

LONDON: Oil company Royal Dutch Shell is pulling out of exploration in Arctic waters off Alaska for the foreseeable future and could take a hit of up to US$4.1 billion after failing to find enough oil. The unsuccessful drilling campaign is Shell’s second major setback in the area after it interrupted exploration there for three years in 2012 when an ...

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Photos of President Muhammadu Buhari of Nigeria at Millennium House in New York

(TRADE NEWSWIRE): President Muhammadu Buhari’s at the Millennium House in New York, TRADE NEWSWIRE reports.  

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King: No one will be allowed to disrupt Islamic harmony

MINA: The Kingdom will continue to play its role at the regional and international level for  Arab and Muslim unityand will not allow anyone to drive a wedge between them or disrupt the harmony, said Custodian of the Two Holy Mosques King Salman on Friday. He was speaking at an annual reception in Mina in honor of the leaders of ...

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Toilet Man Jack Sim’s push for the Flush Revolution

SINGAPORE: Self-professed “Toilet Man” or “Mr Toilet”, Jack Sim was a successful businessman who turned his attention to toilets about 15 years ago. He started the Restroom Association of Singapore, then the World Toilet Organisation (WTO) to ensure cleanliness in Singapore toilets and to ensure that people in other countries, such as India, got access to toilets. His efforts have ...

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Swiss target Blatter in criminal probe

Swiss prosecutors have opened a criminal investigation into Sepp Blatter, the head of world soccer body Fifa, on suspicion of criminal mismanagement and misappropriation of funds, the Swiss attorney general’s office said on Friday. It said Blatter was interrogated after a meeting of Fifa’s executive committee in Zurich, and authorities carried out a search at the organisation’s headquarters on Friday. ...

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Etihad’s new cabin on tour

Weighing approximately 22 tonnes and measuring 50 sq m, the 16-metre long mobile exhibition of Etihad Airways includes a full-size mock-up of The Residence, the world’s only three-room cabin on a commercial airline. The new mobile exhibition will visit its key European markets offering a first-hand experience of the airline’s revolutionary new cabin products and in-flight service. Besides The Residence, ...

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Africa eyes full access to energy by 2025

Africa could achieve full access to power by 2025, sooner than the goal of 2030 set by the US and other major donor countries, while increasing its infrastructure and industrial capacity, said the new head of African Development Bank. Africa should push to achieve universal access to electricity while accelerating its transformation to a continent exporting finished goods, rather than ...

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New VW boss faces big issues after emissions scandal

Volkswagen knows it will take much more than just new leadership and a corporate overhaul to clear the air after it was caught cheating in US diesel emissions tests. Beyond the measures announced by the German carmaker on Friday, VW executives, customers, investors and workers alike are struggling to divine what lies ahead. The new chief executive, 62-year-old Matthias Mueller, ...

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World stocks gain after US growth revised higher

World equity markets and the dollar advanced on Friday to end a rocky week on an upbeat note after US economic growth was revised upward again and Federal Reserve said it was on track to raise interest rates this year. World equity markets and the dollar advanced on Friday to end a rocky week on an upbeat note after Federal ...

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ADB to double annual climate financing to US$6 billion

MANILA: The Asian Development Bank is to double its annual lending for climate change adaptation to US$6 billion by 2020, the Philippines-based lender said. The initiative comes as world leaders adopted on Friday (Sep 25) an ambitious set of 17 global goals, including combating climate change and its impacts, ADB president Takehiko Nakao said in a statement sent to AFP. ...

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Global regulators agree fail-safe plan for top banks

Global regulators reached a draft agreement Friday on a rule on stopping banks being “too big to fail”, by requiring them to hold enough equity capital and bonds to avoid taxpayers being called on in a crisis. The proposed rule is known as total loss absorbency capacity or TLAC, and is considered to be the last major reform after the ...

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New global drive to step up healthcare delivery

A new global partnership to be launched in New York today (September 26) will support low- and middle-income countries to strengthen monitoring, tracking and sharing of key performance indicators for primary health care. The Bill & Melinda Gates Foundation, World Bank Group and World Health Organization today are launching the Primary Health Care Performance Initiative (PHCPI), o support countries in ...

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Piracy: P&I Club Issues Warning and Tips

The UK P&I Club has issued practical guidance to members in relation to piracy in West Africa suggesting that, amongst other measures, AIS systems could be turned off at certain times to reduce risk. Stuart Edmonston, Head of Loss Prevention, says: “We have seen a sizable shift in pirate activity, from Somali to West Africa, and are witnessing an increase ...

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Costa Concordia Dismantling – in Pictures

About 200 technicians are currently working on the dismantling of the Costa Concordia.Some are involved in stripping operations, the removal of internal structures on the emerged decks of the ship, while the others are working on the actual demolition of the external steel structures and on the restoration of buoyancy of the hull. Stripping out is currently concentrated on decks ...

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Da Nang is New Conduit for Ivory Trafficking

A string of high profile ivory busts over the past month has unexpectedly focused attention on Da Nang as a new entry point for the illegal ivory trade in Vietnam.Three successive seizures at the Tien Sa port in Da Nang – with two weighing 500 kg or more – stand in sharp contrast to previous ivory seizures that have taken ...

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Study Finds 25 Percent of Fish Eat Rubbish

Roughly a quarter of the fish sampled from fish markets in California and Indonesia contained man-made debris, plastic or fibrous material, in their guts, according to a study from the University of California, Davis, and Hasanuddin University in Indonesia. The study, published in the journal Scientific Reports, is one of the first to directly link plastic and man-made debris to ...

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I’m all ears: fossils reveal human ancestors’ hearing abilities

WASHINGTON: Two-million-year-old fossils including the three tiny bones of the middle ear are helping scientists figure out the auditory abilities of early human ancestors at a time when they were beginning to hear more like a person and less like a chimpanzee. A study published on Friday involving two species from South Africa, Australopithecus africanus and Paranthropus robustus, showed they ...

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FDA approves Bayer’s electronic autoinjector for MS therapy

REUTERS: The first electronic automatic injector to deliver a drug for the most common form of multiple sclerosis received approval from the U.S. Food and Drug Administration on Friday. The injection delivers Betaseron, a disease-modifying drug approved 22 years ago by the FDA for relapsing forms of the incurable, often disabling disease of the central nervous system. The new device, ...

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China says to promote equity crowdfunding to support startups

BEIJING: China will promote greater use of equity crowdfunding for startups to encourage entrepreneurship in the world’s second-largest economy, a cabinet document said on Saturday. China’s leaders have repeatedly said they want to promote more entrepreneurial activity in the state-dominated economy to stimulate employment, a top priority as the economy slows. While they have pledged strong support for online business, ...

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Football: Brazil court freezes Neymar assets worth US$47m

SAO PAULO: A Brazilian court on Friday (Sep 25) froze US$47 million (S$67 million) in assets belonging to football superstar Neymar over tax evasion allegations surrounding the Barcelona striker. Judge Carlos Muta wrote in a ruling that Neymar – who is facing fraud claims in a separate case in Spain – had been subjected to a “special fine” concerning alleged ...

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Vietnam to undergo major state media shakeup by 2020: Report

HANOI: Vietnam will trim its state-run media and publishing sector, with the loss of about 10,000 jobs and some widely circulated newspapers, as the ruling Communist Party tightens its control over the booming industry, a report said on Saturday. The number of publications in Vietnam has more than doubled to around 1,100 in the past 15 years. “Commercialisation” of the ...

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