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Author Archives: CT Report

Stanford scientists develop ‘Shazam for earthquakes’


CANADA: An algorithm inspired by a popular song-matching app is helping Stanford scientists find previously overlooked earthquakes in large databases of ground motion measurements. They call their algorithm Fingerprint And Similarity Thresholding, or FAST, and it could transform how seismologists detect microquakes – temblors that don’t pack enough punch to register as earthquakes when analyzed by conventional methods. While microquakes ... Read More »

CO2 increase in atmosphere over the 20th century


HONG KONG: Researchers at Umeå University and the Swedish University of Agricultural Sciences have discovered that increasing levels of CO2 in the atmosphere have shifted photosynthetic metabolism in plants over the 20th century. This is the first study worldwide that deduces biochemical regulation of plant metabolism from historical specimens. The findings are now published in the leading journal PNAS and ... Read More »

US Customs intercepts 4.9 pounds of ice worth $850,000


NEW YORK: The Division of Customs of the Department of Finance has intercepted another shipment of ice from China, this time weighing 4.9 pounds and worth over $800,000. In a press conference Monday morning, Customs Director Jose Mafnas said the ice was discovered on Dec. 2 in a 40-foot Sunleader container which had multiple consignees, one identified as Cai Shi ... Read More »

Zimbabwe authorities arrest man with 72 diamonds


MUTARE: A man from Chikanga has been caught trying to smuggle 72 diamonds out of the country in his underwear. According to the local Manica Post, the diamonds were worth $14,335. Tapiwa Brian Mhlanga, 29, tried to run away from detectives who wanted to search him at the Forbes Border Post between Zimbabwe and Mozambique, the paper reported. However, the ... Read More »

US dollar strengthens against euro, pound and yen

aus dollars

NEW YORK: The US dollar strengthened against the euro, pound and yen Monday as US Treasury yields pushed higher on rising expectations of a rate rise by the Federal Reserve next week. But the gain was modest, suggesting some calming to trade after the huge swings that hit the market by surprise when the European Central Bank took steps to ... Read More »

Australian, New Zealand dollar fall as oil price down 


WELLINGTON: The Australian and New Zealand dollars were nursing heavy losses on Tuesday after a tumble in oil prices hit commodity currencies from Canada to South Africa. The Australian dollar fell to $0.7267, having shed nearly 1 percent overnight. It has skidded more than a full cent since reaching a four-month peak of $0.7386 on Friday. Support was found at ... Read More »

Indian rupee declines by 10 paisa against US dollar


MUMBAI: The Indian rupee was trading lower by 10 paise at 66.83 against the dollar in early trade on sustained foreign fund outflows amid increased demand for the US currency from importers. Moreover, lower opening in domestic equities also weighed on the domestic currency, dealers said. The dollar was weak against major global currencies, capping the rupee losses, they added. ... Read More »

Orbit ATK Cygnus spacecraft successfully lift off towards ISS


MEXICO: The cargo-laden Orbit ATK Cygnus spacecraft successfully lifted off towards the International Space Station on Dec. 6 after four launch attempts were delayed. The ULA Atlas V rocket-powered spacecraft will deliver supplies to the ISS. After its scheduled launch got delayed four times due to bad weather, the cargo-loaded Orbit ATK Cygnus spacecraft finally blasted off towards the International ... Read More »

Researchers used a bioprinter to produce blood vessels


CANADA: A team of researchers at the Lawrence Livermore National Laboratory have used a bioprinter to produce blood vessels that look and feel like the real thing and might be the key to one day creating man-made organs viable for surgical transplants. The advent of 3D printing has been a great aid to the medical community since it was introduced ... Read More »

South Korean stocks surges at start, KOSPI climbs up 3.38pts


SEOUL: South Korean stocks started a tad higher Tuesday led by gains in Samsung Group shares. The benchmark Korea Composite Stock Price Index (KOSPI) rose 3.38 points, or 0.17 percent, to 1,967.05 in the first 15 minutes of trading. Tech giant Samsung Electronics gained 0.63 percent, and Samsung SDI, its battery-manufacturing unit, advanced 3.38 percent. Samsung Engineering soared 23.66 percent ... Read More »

Australian stocks set to open lower, S&P 200 up 4.1pts


SYDNEY: The Australian market looks set to open lower, following Wall Street’s lead into the red as energy and raw material stocks took a hit with oil prices falling to their lowest in nearly seven years. At 0645 AEDT on Tuesday, the December share price index futures contract was down 16 points at 5,133. Locally, in economic news on Tuesday, ... Read More »

Scientists solve puzzle of why knuckles crack


LONDON: Scientists have finally figured out one of the major mysteries of the human body: why knuckles crack. The human body is host to a number of minute phenomena that seem easy to explain, but are somehow impossible to, from mysteries like why humans itch or why pain even hurts. However, one of these conundrums is a conundrum no more: ... Read More »

Taiwan stocks dive at open, TAIEX down 0.6pc


TAIPEI: Taiwan stocks fell on Tuesday following losses in overseas markets and after weak exports data dented hopes the trade-reliant economy can recover in the final months of 2015. Taiwan’s exports in November fell at their fastest pace since the global financial crisis, figures issued after market hours on Monday showed, denting hopes for growth in the last quarter of ... Read More »

Tokyo stocks flat at open, Nikkei 255 dips 0.04pc


TOKYO: Tokyo shares were flat at the start of trade on Tuesday. Picking up a weak lead from Wall Street which was pushed down by a slump in oil prices. The benchmark Nikkei 225 index at the Tokyo Stock Exchange edged down 0.04 percent, 0.28points 19,689.87, while the broader Topix of all first-section shares edged up 0.11 percent, or 1.82 ... Read More »

US stocks end lower, S&P 50 falls 14.62pts


LONDON: U.S. stocks finished firmly in negative territory Monday, as plunging oil prices walloped energy and materials stocks, partially undoing some of Friday’s big rally. The S&P 500 SPX, -0.70% fell 14.62 points, or 0.7%, to close at 2,077.07. The Dow Jones Industrial Average DJIA, -0.66%  fell 117.12 points, or 0.7%, to 17,730.51, but finished off its lows of the ... Read More »

European stocks advance at open, Stoxx European 600 gains 0.5pc


ROME: European shares have started the week strongly, buoyed by gains on Wall Street and a weaker euro. At the close, Germany’s DAX 30 jumped 1.3 per cent, while France’s CAC 40 tacked on 0.9 per cent as traders reassessed last week’s reaction to less aggressive stimulus measures from the ECB than expected. The broader Stoxx Europe 600 gained 0.5 ... Read More »

Astronomers discovered a nest of massive baby galaxies


HONG KONG: Astronomers have discovered a nest of massive baby galaxies 11.5 billion light-years away, which are seemingly placed at the junction of filaments of dark matter. The galaxies were discovered using the Atacama Large Millimeter/submillimeter Array, or ALMA, and are very helpful for better understanding how massive galaxies such as these are formed and how they evolve into elliptical ... Read More »

UK stocks decline at end of day, FTSE 100 slips 0.2%


NEW YORK: U.K. stocks reversed an earlier rally, ending the day lower as energy and commodity producers fell with oil and metals. Royal Dutch Shell Plc Class B shares lost 4.6 percent, BG Group Plc slid 4.1 percent and BHP Billiton Ltd. declined 2.9 percent. Airlines advanced, with EasyJet Plc, IAG SA and Ryanair Holdings Plc up more than 1.7 ... Read More »

Jamaica: 900 pounds of ganja seized in Maamee Bay


ST ANN: The Area Two Narcotics Police are reporting the seizure of nearly 900 pounds of ganja in Maamee Bay, St Ann over the weekend. The seizure has sparked a probe spanning multiple parishes into activities suspected to be related to the guns for drugs trade between Jamaica and Haiti. Reports are that about 6:00 pm on Saturday the lawmen, ... Read More »

UBG nominates Zafar Bakhtawari as vice president FPCCI

zafar Bakhtawari

ISLAMABAD: The United Business Group (UBG), which is currently ruling the Federation of Pakistan Chambers of Commerce and Industry (FPCCI), has nominated Islamabad Chamber of Commerce and Industry (ICCI) former president Zafar Bakhtawari as a candidate for vice president of FPCCI elections for the year 2016. The elections of FPCCI are scheduled to be held on December 30, 2015. Zafar ... Read More »