Definitely targeted to the nofrills consumer and direct trade reacts to basic

first_img<< Previous PostNext Post >> About Latest Posts Kathryn FolliottEditor at TravelweekKathryn is Editor at Travelweek and has worked for the company since 1995. She has travelled to more than 50 countries and counts Hong Kong, Jerusalem, the Swiss Alps and the Galapagos Islands among her favourite destinations. Latest posts by Kathryn Folliott (see all) “They need to go where the bucks are”: Agents on ACTA partnership – April 18, 2019 As the cost of doing business climbs, host agencies, retail groups say they have options – April 4, 2019 As of 2021 Europe-bound clients will need to apply online for a visa waiver and pay a fee – April 3, 2019 Tags: Feature Story, Low-Cost Carriers, Trend Watch Posted by Kathryn Folliott This story originally ran in the March 8th, 2018 issue of Travelweek magazine. To get Travelweek delivered to your agency for free, subscribe here. TORONTO — Now that Canadian carriers are following the U.S. and European lead with rock-bottom basic economy fares, travel agents have a lot of explaining to do – explaining about just how restrictive basic economy fares are, to clients who can’t see past all the low prices.Air Canada introduced its Economy Basic fare last month. WestJet’s newest fare class, Econo (Lowest), came days later. Both fares are in line with the trend from the U.S. and Europe, where the rampant success of ultra low-cost carriers has driven legacy carriers including American Airlines, Delta, United, Air France KLM and British Airways to drill down as far as possible with low-priced basic economy fares.Basic economy fares typically don’t allow cancellations, changes or free advance seat selection, leading to consumer outcry about families having to pay to sit together.There’s also, at least in the case of United and American Airlines, the infamous ban on the use of overhead bins.Travel agents are well versed in fare restrictions, but the travelling public is not.“These are definitely targeted toward the (absolutely) no-frills consumer and direct,” says Allison Wallace, SVP, Communication & Engagement for Flight Centre Travel Group.She adds that while FC will sell the basic economy fares if requested, these types of fares “no matter how much you advise a consumer of the restrictions, usually breed the most complaints or dissatisfaction with service. Our strategy will continue to be to provide the options available and recommend the fare best suited to that itinerary.”Brian Robertson, President (Ontario-West), Vision Travel, says basic economy fares “rarely deliver an experience the traveller is expecting. Most come with additional charges for seats, checked bags, meals, changes; they typically earn zero points and are of course non-refundable. They are designed for travellers who fly infrequently and are looking for the very basics… a seat between point A and B.”More news: Onex paying big to get WestJet and that will send airfares soaring, says CWTHe adds: “The airlines discourage frequent travellers from using them and we discourage our frequent travellers from selecting them by monitoring travel compliance and matching traveller needs with corporate travel policies. The additional potential charges related to these fares far outweigh any benefits for frequent travellers.”Even the airlines admit that basic economy fares are not for everyone.“Econo (Lowest) is designed for the value-seeking guest who doesn’t travel often. We want to attract travellers who are looking for low cost fares without any added amenities,” says WestJet. It advises passengers: “Available on select routes and flights, this basic economy fare is for you if your plans are set in stone and you don’t mind where you sit. If you select this option, please understand that this is our most restrictive fare, and it’s non-refundable. You are not able to make changes, so if cancelled more than 24-hours after booking, no funds will be placed in a Travel Bank account. Your seats will be assigned at the time of check in, but, if needed, your seats can be changed at this time, for a fee.”The airlines say basic economy fares are about choice. As WestJet transitions to a global airline, the carrier says it wants its passengers to have more choices when it comes to their travel experience.Basic economy fares are also a defensive move against price pressure from ultra low-cost carriers. Flair Airlines, now operating as a scheduled carrier, has a network of seven cities and more planes on the way, while WestJet’s own Swoop launches June 20. Bob Cummings, when he was Executive VP for Swoop, has said WestJet believes there is room for only one major ultra low-cost carrier in Canada.The lowest fares, and the LCC and ULCC airlines models, are also about ancillaries.Between 60% and 70% of Swoop passengers are expected to pay fees for carry-on and checked baggage, according to the airline’s estimates. Meanwhile WestJet’s fees for services like flight changes, cancellations and checked bags increased 12% in Q3 2017, to $117 million, or $18.64 per passenger. Air Canada says ancillaries are a key focus as the airline grows its network.More news: Transat calls Groupe Mach’s latest offer “highly abusive, coercive and misleading”Ancillaries, or ‘a la carte revenue’ for everything from checked bags to meals, for the world’s airlines has grown 308% in the past seven years, from US$14 billion in 2010 to $57 billion in 2017, according to the latest numbers from IdeaWorksCompany, which through the sponsorship of CarTrawler, reports on ancillary revenue disclosures for the world’s airlines.For North American carriers, ancillary revenue was up 176% from 2010 to 2017, from $5.4 billion in 2010 to $14.8 billion in 2017.The report notes that the industry should be on the lookout for increases in North America and in Europe as transatlantic airlines begin to add fees during 2018 for the first bag checked.The GDSs are onboard with ancillaries, with Amadeus announcing that by the end of 2017, 143 airlines had signed up for its Amadeus Airline Ancillary Services for the indirect channel, including Air Canada. Total travel agency air bookings for Amadeus in 2017 grew 6.3% to 568.4 million.This story originally ran in the March 8th, 2018 issue of Travelweek magazine. To get Travelweek delivered to your agency for free, subscribe here. Share Thursday, March 15, 2018 “Definitely targeted to the no-frills consumer, and direct”: trade reacts to basic economylast_img read more

July 21 2004 Cosanti Foundation long time staff m

first_imgJuly 21, 2004Cosanti Foundation long time staff member Roger Tomalty is in Venice, Italy, to teach a Silt Cast Workshop at the IUAV School of Architecture. [Photo: Antonio Fragiacomo & text: Matteo Di Michele]Cosanti Foundation long time staff member Roger Tomalty is in Venice, Italy, to teach a Silt Cast Workshop at the IUAV School of Architecture. [Photo: Antonio Fragiacomo & text: Matteo Di Michele] [left photo] The IUAV School of Architecture in Venice is one of the most prestigious architecture schools in Italy. It has started an intensive summer program of innovative sessions with the intention of facilitating the expressive capacities of its students by putting a consistent amount of space and tools at their disposal. Important architects from all around the world were invited to participate. One of these courses, mandatory to graduate from the School, is about Paolo Soleri and Arcosanti. [right photo] Marco Felici introduces the students to Paolo Soleri’s LEAN ALTERNATIVE. [left photo: IUAV, right photo: Antonio Fragiacomo & text: Matteo Di Michele] The course has been organized and delivered by Architect Antonio Fragiacomo, Structural Engineer Marco Felici and Cosanti Research Associate Roger Tomalty, with the precious help of Daniela Bruni, Maurizio Ranzi (Roma Tre University), Sandra Suatoni (Istituto Italiano Per La Grafica), Lorenzo Alfieri, Robert Clyde and Arcosanti residents Mary Hoadley and Matteo Di Michele. [Photo: Antonio Fragiacomo & text: Matteo Di Michele]last_img read more

Rep Brann invites local pastor to lead House invocation

first_img25Jan Rep. Brann invites local pastor to lead House invocation Categories: Brann News,Brann Photos PHOTO INFORMATION: State Rep. Tommy Brann (right) welcomed Pastor Randall Ledeboer (center) to the state Capitol to lead today’s invocation for the Michigan House of Representatives. Ledeboer is the lead pastor at inSpirit Church in Byron Center. Speaker of the House Tom Leonard joined them at the rostrum. House tradition calls for a representative or a clergy member to begin each day’s session with a prayer.last_img read more

Shine International CEO Nadine Nohr Shine Intern

first_imgShine International CEO, Nadine Nohr.Shine International has launched Shine Now, a direct to consumer service that will make a selection of its scripted and entertainment fare available online.Consumers access the content via the Roku streaming platform. It is initially available in the US and the programming is either advertising supported and free of charge or priced between US$0.99 (€0.73) and US$1.99 and advertising free.Shine has launched Shine Now with 200 hours of programming from its catalogue. Titles include The School, Got to Dance, The Magicians, Eternal Law and The Sandhamn Murders.Nadine Nohr, CEO, Shine International said: “Shine Now is our first direct to consumer channel and Roku have been fantastic partners with whom to develop and launch it. We are excited about its potential and look forward to collaborating with them further to grow its reach in the future.”Shine told DTVE sister title TBI that it is focussed on rolling out the D2C service on the Roku service and not, for the time being, on other streaming services.Shine digital consultant Gordon Synn brokered the deal with Roku. He is set to leave the company following the hire of Kerry Ball, who is taking over digital business development efforts.In 2012, another large distributor, All3Media International, sought to go straight to the consumer with a pay-per-view service launched via a dedicated app on Samsung and LG connected TVs. It also launched Easel TV last year, an over-the-top service containing about 350 hours of its programming.last_img read more

Sugary drinks may be addictive and are harmful to health study suggests

first_imgReviewed by James Ives, M.Psych. (Editor)Nov 21 2018Deprived of beverages, regular drinkers reported headaches, cravingsJust as we might have guessed, those tasty, sugar-sweetened beverages that increase risk of diabetes and other chronic diseases may actually be addictive. Youth between 13 and 18 years of age who were deprived of sugary drinks for just three days reported headaches, cravings and other withdrawal symptoms, according to a University of California study with researchers from both the Davis and Berkeley campuses.All 25 participants in this exploratory study reported normally consuming at least three sugar-sweetened beverages a day before the study and were told they were participating in a study exploring “how soda affects teenagers’ health.”The youths reported the following specific symptoms during the three-day period of cessation from sugary drinks: increased headaches, decreased motivation to do work, lack of contentment and ability to concentrate, cravings for sugary drinks, and lower ratings of overall wellbeing.The findings were published in an article, “Potentially addictive properties of sugar-sweetened beverages among adolescents,” appearing in the journal Appetite.”An abundance of research points to sugary drinks as contributing to a number of chronic diseases. Our findings — that these drinks may have addictive properties — make their ubiquitous availability and advertising to youth even more concerning for public health,” said Jennifer Falbe, assistant professor in the Department of Human Ecology in the College of Agricultural and Environmental Sciences at UC Davis and the lead author of the article.The teens, all overweight, were instructed to consume their normal beverages for five days, then, for three days afterward, to consume only water or plain milk. They were reimbursed for travel and received up to $160 for participation.Related StoriesDiabetes patients experiencing empathy from PCPs have beneficial long-term clinical outcomesTAU’s new Translational Medical Research Center acquires MILabs’ VECTor PET/SPECT/CTResearch sheds light on sun-induced DNA damage and repairParticipants, a diverse population living in and around the San Francisco Bay Area, kept beverage journals and reported in to researchers several times during the study. Three quarters of the participants were female. They also submitted saliva samples to test for caffeine intake, which could affect results. Most of the participants were not high caffeine consumers before the study, reducing the likelihood that participants were just suffering from caffeine withdrawal, an established disorder, rather than also reduced sugar intake.Among nine participants, there were some lapses in compliance, usually due to drinking flavored milk instead of plain milk.The study noted that results were consistent with previous research that has reported the addictive potential for sugar, a relatively new but burgeoning area with parallels to substance abuse. Additionally, researchers said, the study was needed because sugar-sweetened beverage consumption by teens had increased five-fold since the 1950s, and adolescence is a time for increased susceptibility to addiction. Young people, the report said, consume the largest amounts of sugary beverages and have experienced the greatest relative gains in obesity in the past several decades.The study may have important implications for public health and should be repeated with a larger sample, the researchers said.”These results, combined with present and future corroborating evidence, could inform clinical practice around helping adolescents reduce sugar-sweetened beverage intake, have important implications for messaging in public health campaigns, and inform the need for efforts to reduce sugar-sweetened-beverage advertising to youth and those drinks’ availability in and around schools,” the report concluded. Source: read more

FDA approves perfusion device to help increase access to more donor lungs

first_imgReviewed by James Ives, M.Psych. (Editor)Apr 27 2019The U.S. Food and Drug Administration today approved a device, called Xvivo Perfusion System with Steen Solution Perfusate, that can temporarily ventilate, oxygenate, and pump (perfuse) preservation solution through lungs that were initially thought to be unacceptable for transplant. The device allows the transplant team to perform a more careful assessment of lung function to get a better sense of how the organs are working when they are perfused with a solution outside the body to better determine whether the lungs can then be viable for transplant.The Xvivo Perfusion System was originally granted marketing authorization in 2014 under a humanitarian device exemption (HDE), a regulatory pathway that limits the device’s use to a maximum of 8,000 patients per year. Today’s approval through the FDA’s more stringent premarket approval (PMA) pathway does not limit yearly patient use of the device, thereby allowing an increased number of lungs to be available for transplant and potentially increasing the number of patients who can benefit from this technology.Lung transplantation remains the only known life-saving treatment for end-stage lung disease, but many patients die while waiting for suitable lungs to become available for transplant. On average, only 15 percent of lungs obtained from deceased donors are suitable for transplantation. This is because the physiological function of a large number of donor lungs is questionable due to, for example, poor lung quality or possible injury, or there is inadequate time to find a suitable donor-recipient match. Approximately 2,530 lung transplants were performed last year, according to the U.S. Department of Health and Human Services.”Sadly, too many patients on transplant lists die waiting for suitable lungs. Providing patients with access to safe medical devices that have the potential to be lifesaving remains a top FDA priority, and we support the development of innovative technologies that can increase the donor organ pool for transplant patients in need of suitable lungs,” said Benjamin Fisher, Ph.D., director of the Division of Reproductive, Gastro-renal, Urological Devices at the FDA’s Center for Devices and Radiological Health.Related StoriesNew drug provides hope for patients with Duchenne muscular dystrophyRewiring of nerves gives movement to paralyzed arms and handsNew target identified for treatment of idiopathic pulmonary fibrosisThe Xvivo Perfusion System works by allowing marginal quality lungs that initially failed to meet standard transplant criteria to be ventilated, oxygenated and perfused at a standard normal body temperature for up to five hours. This provides an opportunity for surgeons to reassess transplant suitability, allowing them to transplant a certain percentage of lungs that were initially deemed to be unsuitable. The device consists of a perfusion cart with mechanical and electrical components that ventilate, oxygenate and perfuse the lungs with a lung preservation solution.The FDA evaluated data from a study involving 332 sets of donor lungs that were allocated into three groups: one group served as the control and were lungs initially deemed suitable for transplant that were provided to 116 recipients after standard preservation; one group were lungs initially deemed unsuitable for transplant and, after being perfused with the Xvivo Perfusion System, were implanted into 110 recipients; the third group were perfused with the Xvivo Perfusion System and were still deemed not suitable after the perfusion, and therefore were not implanted into patients. The one-year survival rate was 94 percent for the control group compared to 86.4 percent for the lung perfusion patients. The difference in rates was not deemed to be clinically significant.The most common adverse events associated with this device include acute rejection, bronchial complications, respiratory failure and infections.The FDA granted the premarket approval to Xvivo Perfusion Inc. Premarket approval is the most stringent type of device marketing application required by FDA and is based on a determination by the FDA that the PMA application contains sufficient valid scientific evidence to provide reasonable assurance that the device is safe and effective for its intended use(s). Source:https://www.fda.govlast_img read more

Prostate cancer diagnosis gets a boost from MRI

first_imgAccording to researchers, this new method of diagnosing prostate cancers provides a clearer image of the tumour and this can help doctors decide the exact location from which the biopsy could be taken to be sure about the cancer. The team says that some men are at low risk of the malignant cancers. In these men, earlier unnecessary biopsies were performed to assess if they have the cancer. This new technique can eliminate the need for unnecessary biopsies in these men. Biopsies come with the risk of pain, bleeding, infections and injury. Eliminating unnecessary biopsies would be thus, welcome news.For the breakthrough, the PRECISION trial also won the UK Research Paper of the Year at the 2019 BMJ awards held in May. Study leader Professor Caroline Moore from UCL Division of Surgery and Interventional Science said in a statement, “This is fantastic news and means all men at risk of prostate cancer will now have an MRI scan before any biopsy. By having access to high quality MRI at the outset, doctors will be able to safely reassure men at lowest risk, and identify men most likely to benefit from treatment.” She added, “UCL has led the evidence gathering for MRI in men at risk of prostate cancer and it is great to see the UK being the first country to make a formal recommendation that it should be used in all men prior to a biopsy. The challenge now is to ensure the availability of high quality MRI across the NHS.”UCL’s Dean of Medical Sciences, Professor Mark Emberton, oversaw both the ladmark trials. He said in a statement, “We have been using MRI for men at risk of prostate cancer at UCL and UCLH for a decade, and it is heartening to see our research has come to full fruition with this unequivocal guidance, meaning all men will now get access to this cost-effective and transformative technology. Our PROMIS and PRECISION studies have shown MRI scans will result in fewer unnecessary invasive biopsies for men, and fewer important cancers missed.” He explained, “MRI for all men prior to biopsy of the prostate is the most important development in the management of men with early prostate cancer that we have had in the last 100 years.”The researchers explain that use of this technique of Multiparametric MRI would be more cost effective compared to traditional prostate biopsy because it takes less time and is more effective in diagnosing clinically significant cancers. The trial proved that a 10 minute scan could help become powerful screening tool for prostate cancers. Prof Emberton said, “I think that could revolutionise the way that we diagnose disease and hopefully identify men who would be better treated than not treated.”Related StoriesSpecial blood test may predict relapse risk for breast cancer patientsUsing machine learning algorithm to accurately diagnose breast cancerTrends in colonoscopy rates not aligned with increase in early onset colorectal cancerThe researchers add that prostate cancer is a slow growing cancer and men with the mpMRI scan saying they have no cancer at the age of 55 or 60 years, could be rest assured that they would be cancer-free for many years and even for life. Emberton said, “If your prostate comes back looking very clean … you’re probably very unlikely to develop prostate cancer. It may be once we learn a bit more about it that you need to refresh it every 10 years or something like that.”At present raised levels of the protein PSA in the blood are linked with growing prostate cancer while around 75 percent of the men with high levels of PSA do not need treatment for cancers and 15 percent with true aggressive cancers may present with normal PSA levels. This makes PSA an unreliable marker of the cancer, explain the researchers. Emberton said, “You end up with a lot of men being diagnosed with cancer that isn’t destined to kill them. What’s beautiful about MRI is it overlooks the many, many cancers which don’t need to be diagnosed.”An upcoming trial REIMAGINE this August costing £6 million would be funded by the Medical Research Council and Cancer Research UK and would include 1,000 men aged 55 to 75 for scans through two London GP surgeries. Emberton said that till date most men shied away from screening because of the uncomfortable per rectal examination (probing at the prostate with a gloved finger via the anus) and a painful biopsy. This new method is a 10 minute scan costing about £150 and can help make screening easier he said.Expert speakKaren Stalbow, the head of policy, knowledge and impact at Prostate Cancer UK hailed this new trial saying in a statement, “If the results are positive, then MRI scanning could offer a non-invasive first stage of prostate cancer diagnosis in the future.”Professor Hashim Ahmed, chairman of urology at Imperial College London, said, “In the future we might be able to justify screening all healthy older men for prostate cancer just as we do for women with breast cancer. This would be so useful as the number of men dying from prostate cancer has barely changed in the last two decades despite advances in treatment.”Prof Ros Eeles, professor of prostate cancer genetics at the Institute of Cancer Research in London, on the other hand was not so convinced. He said, “The use of MRI of the prostate will be important in general management of prostate cancer assessment. However, currently it is not at all clear that MRI will be reliable to detect all cancers. In men at higher genetic risk, there are studies being undertaken at the Institute of Cancer Research to assess if men who have a genetic predisposition to aggressive prostate cancer have changes on their MRI when they get prostate cancer. At present, it is not at all certain that it will be reliable to rely on MRI alone for this assessment.”A spokesman for NHS England said, “NHS England is already rolling out some of the latest developments in MRI scanning for prostate cancer diagnosis and care as part of the NHS Long Term Plan’s ambitions to catch more cancers earlier and save lives. This new test is potentially an exciting development that the NHS will look at as more evidence becomes available.” Sources: Diagnostic accuracy of multi-parametric MRI and TRUS biopsy in prostate cancer (PROMIS): a paired validating confirmatory study, The Lancet, DOI:, MRI-Targeted or Standard Biopsy for Prostate-Cancer Diagnosis, N Engl J Med 2018; 378:1767-1777, DOI: 10.1056/NEJMoa1801993, By Dr. Ananya Mandal, MDJun 9 2019Traditionally prostate cancers have been diagnosed using biopsies of the tumour masses. New research from researchers at University College London (UCL) has shown that a more accurate diagnostic means for prostate cancers is MRI scans and targeted biopsies. Following this research, the UK’s medical guidelines – National Institute for Health and Care Excellence (NICE), have been updated to include this new and more effective way of diagnosing prostate cancers.There are 130 cases of prostate cancer being diagnosed every day in the UK. The disease killed 11,631 men in 2016 say reports. Early and more effective screening and diagnosis can help save lives say experts.The NICE guidelines include multiparametric MRI (mpMRI) as the first and most important means of diagnosing clinically localized prostate cancers in men. The UCL researchers conducted two clinical trials called PROMIS and PRECISION in collaboration with University College London Hospitals (UCLH). The new guidelines were released last month.center_img Image Credit: Engagestock / Shutterstocklast_img read more

Machine tools receiving a checkup

The researchers configure the measuring nest. Credit: Fraunhofer IWU Explore further Machine tools are thermally sensitive: operational precision can be disrupted when hall doors are opened in the winter, even for a brief period of time. Most companies have manufacturing facilities situated around the world, often in environments without air conditioning. The result is machinery imprecision and product rejections. Power units and other heat sources like hot tools can also have a negative effect. In a recently inaugurated climate chamber that is one of a kind worldwide, researchers at Fraunhofer IWU in Chemnitz are studying the influence that climate conditions and ambient interactions exert on machine tools and their components. “Exposure to sunlight and drafts causes thermal interactions in the form of structural stretching, which we are able to reproduce in the environmental chamber. The aim is to stabilize and enhance machine precision directly via a machine control system by correcting thermally-induced errors during operation,” explains Dr. Janine Glänzel, research scientist at Fraunhofer IWU. To cite an example, thermal influences particularly affect machines with long beds or vertically structured systems because they accumulate heat asymmetrically during operation and bend to one side.The research scientist and her team simulate a wide variety of temperature scenarios: In the newly inaugurated test lab, temperatures of 10 to 40 degrees Celsius can be configured with a tolerance of plus/minus 0.1 Kelvin as well as air humidity of 10 to 90 percent with a tolerance of three percent. “We turned the thermal chamber we had into an climate chamber. The new ventilation components, steam humidifier, and absorption dryer now enable us to control air humidity in addition to temperature,” says Glänzel. For example, the researcher and her colleagues are able to study the influence humidity has on the swelling properties of modern materials like wet mix concrete. Thanks to the removable ceiling, entire machine tools can be lifted into the climate chamber via crane. Credit: Fraunhofer IWU Thanks to a surface area of 40 square meters, a vertical clearance of 4.5 meters, and a removable ceiling, the environmental chamber is large enough to fit not only individual components, but also entire machine tools which are lifted into place by the hall crane. The temperature-controlled flooring is designed to hold a maximum weight of 20 tons. Provided by Fraunhofer-Gesellschaft Influences like temperature variation, drafts, and air humidity can heavily compromise precision. The Fraunhofer Institute for Machine Tools and Forming Technology IWU is exposing machines to various climate zones around the world without actually shipping them to Southeast Asia, Canada, or Brazil: A newly inaugurated climate chamber is able to test how ambient conditions affect the function of lathes and other machines. Citation: Machine tools receiving a check-up (2018, February 1) retrieved 18 July 2019 from Adapters enable better communication between machines Before initiating measurement, the researchers perform a simulation-based analysis to determine where best to place temperature and displacement sensors. The scientists adhere the temperature sensors directly to the machine, while the displacement sensors are mounted onto a measuring frame set up around the machine tool and linked via small rods to measuring blocks at neuralgic points—i.e. in locations where the researchers are able to measure the most influential thermal displacements. The temperature sensors enable them to measure the influence that internal and external thermal loads have on the machine structure. Temperature fluctuations are mapped automatically over the course of the experiment. It’s also possible to gauge the behavior of machine tools under long-term exposure. “The principle behind our sophisticated technology for cooling and heating functions like the climate control system in a car,” according to Glänzel. That means manufacturers and users alike have the ability to configure their machine tools in advance, and to adapt them to future ambient conditions.When displacement does arise, the researchers implement corrective algorithms they have developed themselves to adapt production precision. The measured values are integrated into the corrective process. “We calculate correction values directly via a reference point on the tool, known as the tool center point, so that thermal deformations during production can be corrected,” explains the mathematician with an affinity for technology. Additionally, the researchers determine the level of heat dissipation from the machine tools before transferring it to the cooling system to save energy.The climate chamber is the focal point of research in the special project Transregio 96, “Thermo-energetic design of machine tools,” which aims to adjust the parameters of energy use, precision, and productivity to achieve an optimal solution. The German Research Foundation (DFG, Deutsche Forschungsgemeinschaft) is sponsoring the research project. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. read more

European heavyweights Airbus Altran targeted by cyberattacks

first_imgAirbus says no commercial operations were impacted An Airbus spokesman said Thursday that the attack was detected on January 6 and that personal data on some European personnel was targeted starting January 10, prompting it to inform France’s data regulator CNIL the following day.Under the EU’s strict new General Data Protection Regulation (GDPR) enacted last year, companies must inform regulators within 72 hours if such attacks put personal data at risk. The Airbus inquiry is still underway to determine who was behind the attack, which focussed on the IT systems of its commercial aircraft division, the spokesman said.The group said no commercial operations were impacted by the breach, and that attackers appeared to be seeking contact and IT identification details of some of its 130,000 employees.The inquiry also aims to determine if specific data was being targeted at a key player in Europe’s defence and security industries.Airbus is a major supplier of military jets and weapons as well as communication and navigation satellites to European nations, generating revenue of 59 billion euros ($68 billion) in 2017.It also provides cybersecurity services for essential government networks and infrastructure. 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. Security experts said Altran was targeted by a ransomware attack © 2019 AFP Explore furthercenter_img Airbus sells 65 jets to SMBC Aviation Capital Infection risksAltran Technologies, one of the largest IT consulting firms in Europe, announced Monday that it had detected on January 24th an attack that impacted its operations on the continent.But unlike the Airbus attack, the hackers did not appear to be seeking personal data but rather access to files in “many European countries, including France.”Although Altran said it had not detected any cases of stolen data, it had to shut down its IT networks “to protect our clients, employees and partners.”Security experts said Altran was targeted by a ransomware attack, which usually attempts to lock a person or company out of key data, or threaten to publish the private data, unless a payment is made.And because modern companies share network services across several sites, “the files on central servers can be infected quite quickly,” said Ivan Fontarensky, head of cyberdefence at the French defence and electronics group Thales.Altran has brought in outside experts to help determine the origin and extent of the attack, and said that so far it “has not identified any stolen data, nor instances of a propagation of the incident to our clients.”The company’s clients operate in a wide range of sectors including defence, energy and infrastructure industries—and like Airbus, it also offers cybersecurity services.The EU moved to require companies to inform regulators of personal data breaches after accusing several high-profile companies of failing to inform users that passwords or personal data had been compromised by hackers.Experts say such disclosures are bound to increase in coming years as the digital economy takes hold in more countries and sectors. Citation: European heavyweights Airbus, Altran targeted by cyberattacks (2019, January 31) retrieved 17 July 2019 from European aerospace and defence group Airbus has launched an inquiry into the origin and targets of a cyberattack detected earlier in January, the same month that French IT consulting group Altran also saw attempts to breach its systems.last_img read more

Lyft revs up for an IPO seeking to raise 24bn

first_img Citation: Lyft revs up for an IPO seeking to raise $2.4bn (2019, March 18) retrieved 17 July 2019 from The San Francisco startup could be valued at more than $20 billion under the terms of the initial public offering unveiled Monday, setting a price per share of between $62 and $68.Lyft’s launch is the first of what is expected to be a wave of IPOs from venture-backed startups worth more than $1 billion, known in Silicon Valley as “unicorns.”Lyft’s listing comes ahead of a larger offering expected from Uber, which has a valuation of some $70 billion.Others expected to move to Wall Street this year include the business collaboration firm Slack, visual discovery startup Pinterest and possibly the big data group Palantir.Lyft is proposing to sell 30.8 million shares with an underwriters option for an additional 4.6 million, with shares on the Nasdaq listed under the symbol “LYFT.”No date was given for the listing, but the Wall Street Journal said Lyft shares could begin trading by the end of next week, when a final price will be set.’Sharing economy’ grows upLyft and Uber are among the most prominent players in the “sharing economy,” representing a trend that moves away from ownership to on-demand services. © 2019 AFP This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only. Lyft said Monday it would seek to raise as much as $2.4 billion in its public share offering, in the first major listing in the fast-growing ride-hailing sector. Members and supporters of the Independent Drivers Guild protest against Lyft, which is challenging the way the Taxi and Limousine Commission calculates the minimum wage for drivers Lyft is also betting on adoption of autonomous driving, claiming that self-driving taxis and rideshare services will help reshape urban landscapes by eliminating the need for private vehicles.”We believe that cities should be built for people, not cars,” Lyft says in its IPO filing. Explore further Lyft could be valued at more than $20 billion under the terms of the initial public offering “Mass car ownership strains our cities and reduces the very freedom that cars once provided.”Both Lyft and Uber have faced criticism for disrupting traditional taxi services and for using the model of drivers as independent contractors.The rideshare firms claim that most drivers prefer the flexible work arrangement, even if it offers fewer benefits and less job security.Lyft said it will seek to maintain its policy that drivers are independent contractors while noting that any legal challenge to this could have “adverse” consequences.For the IPO, Lyft said some shares would be reserved for drivers who have completed at least 10,000 trips using the platform.The company will offer a bonus of $1,000 to $10,000 to eligible drivers by March 19 that may be used to buy shares at the offering price, although they may opt to pocket the cash.Value trap?With a dual-class share structure enabling founders to maintain control, chief executive Logan Green will have some 29 percent of voting power and co-founder John Zimmer 19 percent after the IPO. Lyft has posted heavy losses but sees a future where people move away from private vehicles Spending for “on demand” services rose 58 percent in 2017 to $75.7 billion in the US The growth in these services is eroding sentiment for ownership of homes, cars and other goods, and is also shifting the concept of labor and employment, sparking fierce debates on whether the change is good or bad.Spending for “on demand” on services such as Uber and Airbnb and other digital platforms rose 58 percent in 2017 to $75.7 billion in the US, with more than 41 million consumers participating, according to a survey by Rockbridge Associates.Heavy lossesAccording to documents filed earlier, Lyft lost $911 million on $2.2 billion in 2018 revenues. The documents show revenues grew sharply from $343 million in 2016, but losses widened as well.Lyft said in its Securities and Exchange Commission filing it has completed over one billion rides since its inception in 2012 and had bookings last year of $8.1 billion. It has a 39 percent share of the US rideshare market, according to a survey cited in the filing. Lyft has also begun to move into other kinds of short-range transportation including bike- and scooter-sharing. Lyft set for March market debut: report Ross Gerber of the investment firm Gerber Kawasaki cautioned against getting too excited on Lyft.”Another very overpriced IPO which gives public shareholders no say,” Gerber said in a tweet. “Do not touch this dog. It will rally and then start the long road down.”Aswath Damodaran, a New York University business professor specializing in corporate valuations, said he calculates Lyft is worth around $16 billion.”I remain troubled by the ride sharing business model and its lack of clear pathways to profitability, but I think Lyft has picked the right strategy of staying focused both geographically (in the US) and in the transportation services business,” Damodaran said in a blog post earlier this month.The researcher said ride-hailing firms have produced changes in consumer behavior, suggesting growth ahead.”One of the striking features of the ride sharing revolution is how much it has changed consumer behavior, drawing people who would normally never have used car service into its reach,” he said.”I will assume that ride sharing will continue to draw new customers, from mass transit users to self-drivers, causing the transportations services market to double over the next 10 years.”last_img read more

Nearly 73 per cent polling recorded in Mizoram pollsNearly 73 per cent

first_imgMizoram SHARE Published on COMMENTS elections November 28, 2018 COMMENT SHARE SHARE EMAIL Around 73 per cent votes were cast in the Mizoram assembly polls on Wednesday but the figure is expected to rise as there were long queues of voters outside polling booths to exercise their franchise, Chief Electoral Officer Ashish Kundra said.Polling was held in all the 40 assembly seats.Kundra told reporters that the highest turnout of 81 per cent was reported at Serchhip seat, where Chief Minister Lal Thanhawla is one of the contestants.At Kanhmun village in Mamit district bordering Tripura where Bru refugees lodged in Tripura camps cast their votes, 52 per cent of the 118,987 electorate exercised their franchise, he said.“This is satisfactory considering the circumstances,” he said.The polling in Kanhmun ended at 3 pm, while for the rest of the state the time was 4 pm.“I congratulate the Mizo people for free, fair and peaceful elections. My special gratitude to the Mizo civil society, particularly Young Mizo Association. They helped the election authority in every possible manner… ,” said Kundra, who had replaced S B Shahshank less than a fortnight before the polls.Shahshank had been removed by the Election Commission following large-scale protests by civil societies after he complained against Mizoram’s Principal Secretary (home) Lalninmawia Chuaungo for playing an active role in the revision of electoral roll of Bru refugees lodged in the Tripura camps since 1997.last_img read more

Serena and Halep chase milestones in Wimbledon final

first_imgLONDON (Reuters) – Serena Williams no longer wants to obsess about elusive Grand Slam “number 24” and Simona Halep is desperate to win Wimbledon more than to stop the American reaching that milestone but there will be no place for either to hide in Saturday’s final.No matter who wins the title decider on Centre Court, the one thing for certain is that it will be a historic occasion.The 37-year-old Williams is chasing an eighth All England Club singles crown which would see her match Australian Margaret Court’s all-time record of 24 major singles titles.National pride will be at stake for Halep as she bids to become the first Romanian to win a singles title at the spiritual home of grasscourt tennis. Halep said if she dwelt on Williams’ records over the past 21 years it might be game over before she stepped on court for a contest compatriot and gymnastics great Nadia Comaneci said would be “watched by every Romanian alive on the planet”.”I will focus on myself. I’m not thinking about her record. Her records are huge already. It’s nothing about that. It’s just a tennis match, big challenge, a great match. So I will try just to give my best,” said Halep, who has lost just one set so far.A quick study of their rivalry would also suggest Williams will probably be the one holding aloft the Venus Rosewater dish considering she has won nine of their previous 10 meetings. The 27-year-old Halep’s only victory over Williams was almost five years ago, while the American has won all three of their Grand Slam clashes, including at Wimbledon in 2011.So which memory from those tussles will Williams rely on as she gets ready for what could be one of the most memorable days in the history of women’s tennis? BIGGEST KEY”The biggest key with our matches is the (6-0 6-2) loss that I had. I never forgot it,” said the 11th seed, who is also bidding to become the first mother to triumph at Wimbledon since Australian Evonne Goolagong beat American Chris Evert in 1980. “She played unbelievable. That makes me know that… she can get there again. So I have to be better than that.”There’s so many impressive things about her. Obviously her tenacity, her ability to find power. Can’t underestimate her. She’s like a little powerhouse. I feel like she’s back. She wants to prove that she can do it again.”Halep will also take heart from their battle at this year’s Australian Open being a close one and the fact that she has more than just an A-game in her repertoire.”I have a better game these days. I can play everywhere, against anyone. When I go on court… I know how to change some things when (other things) don’t work very well,” said the 2018 French Open champion. “Now, I believe that I have my chance to win against her. I respect a lot what she has done and what she’s doing. But I feel mentally stronger facing her.”A ‘Plan B’ or even ‘Plan C’ could come in handy for Halep as Williams was at her devastating best in a 59-minute destruction of unseeded Czech Barbora Strycova in the semi-finals. Moving as smoothly and striking the ball as crisply and as powerfully as at any time in her career, the American has so far unleashed 45 aces and won 83 percent of her service games. Playing mixed doubles with Andy Murray, albeit in a losing cause this week, has also helped her to sharpen her volleys – an ominous sight for anyone on the opposite side of the net.Williams has already had two failed attempts in finals to win that 24th major – after contesting last year’s Wimbledon and U.S. Open showpiece matches – and, regardless of what she says, everyone knows the American wants that record. “I just trained and I trained and I trained to get physically more fit. So I’m definitely at a different place,” said Williams.”It’s really not about 24 or 23 or 25. It’s really just about going out there and giving my best effort no matter what. No matter what I do, I will always have a great career.” (Reporting by Pritha Sarkar; Editing by Ken Ferris) Tennis 09 Jul 2019 Factbox: Serena Williams versus Alison Riske Tennis 2d ago Factbox: Elina Svitolina versus Simona Halep Tennis 09 Jul 2019 Tennis-Wimbledon day eightcenter_img {{category}} {{time}} {{title}} Related News Related Newslast_img read more