Month: July 2017

Britain’s Finance Industry Faces ‘Tipping Point’ Over Brexit

Britain will lose its status as Europe’s top financial center unless it keeps borders open to specialist staff, improves infrastructure and expands links with emerging economies, TheCityUK said in a report published Thursday.

The report from Britain’s most powerful financial lobby group said continental Europe might eventually become the preferred destination for banks, insurers and asset managers as they relocate business there to retain access to the EU single market.

Although companies may begin by initially shifting a small number of jobs to Europe, this may accelerate when property leases expire, they carry out business reviews, or the cost of capital becomes uneconomical.

“Shifts out of the U.K. may gradually erode the ‘cluster effect’ of the financial ecosystem, with the threat of a tipping point in the ecosystem being reached,” the group said in an 83-page document outlining how the industry can thrive over the next decade.

Securing a favorable deal for financial services from the Brexit negotiations is one of the biggest challenges for the British government because it is its largest export sector and biggest source of corporate tax.

Britain’s finance industry could lose up to 38 billion pounds ($49 billion) in revenue in a so-called “hard Brexit” that would restrict its access to the EU single market, according to some estimates.

The report said the government must ensure businesses can recruit people to fill skill gaps and must simplify the process of getting a visa.

Brexit has already made it harder to attract people to Britain, and the government is introducing policies making immigration more restrictive and expensive, the report said.

It said the cost of hiring an employee on a five-year visa has risen by 250 percent to 7,000 pounds over the last year and the minimum salary a business may recruit staff for a visa has risen by almost half since 2015.

Aside from Brexit, the report also looks at broader issues that threaten the competitiveness of the city of London as financial services hub, including a need to invest in transport networks and technology.

It calls for government and financial services to work together closely to develop international trade policies and to improve the country’s digital and physical infrastructure, including speeding up travel times between airports and different financial centers around Britain.

One financial services industry veteran who had independent access to the report said it lacked urgency and there was too little on the impact of Britain leaving the EU given that “Brexit is a catastrophe for the city.”

Mark Hoban, a former financial services minister who chaired the report, said that Brexit was only one of several challenges facing financial services.

“The challenges facing financial services are much more than just about Brexit. It is about emerging financial centers and also, to a degree, about unmet needs in the U.K. as well,” Hoban told Reuters. “There is a very clear appetite to tackle these issues at various levels of government.”

your ads here!

Researchers: Climate Change May Turn Africa’s Arid Sahel Green

One of Africa’s driest regions — the Sahel — could turn greener if the planet warms more than 2 degrees Celsius and triggers more frequent heavy rainfall, scientists said on Wednesday.

The Sahel stretches coast to coast from Mauritania and Mali in the west to Sudan and Eritrea in the east, and skirts the southern edge of the Sahara desert. It is home to more than 100 million people.

The region has seen worsening extreme weather — including more frequent droughts — in recent years.

But if greenhouse gas emissions continue unabated, the resulting global warming — of more than 2 degrees Celsius above pre-industrial levels — could change major weather patterns in the Sahel, and in many different parts of the world, scientists say.

Rainfall models vary

Some weather models predict a small increase in rainfall for the Sahel, but there is a risk that the entire weather pattern will change by the end of the century, researchers at the Potsdam Institute for Climate Impact Research (PIK) said.

“The sheer size of the possible change is mindboggling — this is one of the very few elements in the Earth system that we might witness tipping soon,” said co-author Anders Levermann from PIK and the Lamont-Doherty Earth Observatory of New York’s Columbia University.

If the Sahel becomes much rainier, it will mean more water for agriculture, industry and domestic use. But in the first few years of the transition, people are likely to experience very erratic weather — extreme droughts followed by destructive floods, the researchers said.

​Hard for people to plan

​This level of unpredictability makes it very hard for people to plan for coming changes, they said.

“The enormous change that we might see would clearly pose a huge adaptation challenge to the Sahel,” said Levermann.

“More than 100 million people are potentially affected that already now are confronted with a (multitude) of instabilities, including war,” he said.

The region faces a range of conflicts, including some driven by groups such as Boko Haram and al Qaeda in the Islamic Maghreb.

The researchers studied rainfall patterns in the months of July, August and September when the region receives most of its annual rain.

‘A range of possible outcomes’

“There’s a range of possible outcomes for societies in the Sahel which depend on the climate that eventually (develops) … and whether they are prepared for fluctuations,” lead author Jacob Schewe, from PIK, told the Thomson Reuters Foundation.

Climate change from burning fossil fuels “really has the power to shake things up,” he said.

“It is driving risks for crop yields in many regions and generally increases dangerous weather extremes around the globe,” he added.

The study was published on Wednesday in Earth System Dynamics, a journal of the European Geosciences Union

your ads here!

Lighter, Brighter Imagine Dragons Emerges After Dark Times

A weird thing happened when the four members of the alt-rock band Imagine Dragons sat down to listen to their new album all the way through. They actually liked it.

 

“This was the first record that I think after we created it and we listened to it, we all went, for the first time, ‘Yes. This is Imagine Dragons and we’re proud of this,”’ said lead singer Dan Reynolds. “That doesn’t happen very often in this band, to be honest with you.”

 

The Las Vegas-based quartet, which likes to blend rock and hip-hop, has always been its toughest critic, but on “Evolve,” band members had to learn to let go. They relied on producers for the first time — Swedish duo Mattman & Robin, who won a Grammy for Taylor Swift’s “1989,” and Joel Little, who produced Lorde’s “Pure Heroine” — to shepherd the album all the way through.

 

“We knew as a band one of our biggest flaws was overproducing ourselves. We’ve known it since the beginning and we’ve had so many conversations as a band saying, ‘How do we peel back?’ And we just couldn’t do it until finally somebody walked into the room and slapped our head,” Reynolds said.

 

The new approach reflects a lot of changes behind the scenes at Imagine Dragons, now re-entering the spotlight after more than a year away as a happier — maybe even sunnier — band. The first single, “Believer,” is already a hit.

 

The group ground away in obscurity for years — even for sharing a bill with mimes — until being signed by producer Alex da Kid and seeing massive success with the 2012 release of the hit “Radioactive.” Their second album, “Smoke + Mirrors,” went gold but didn’t reach the sales height of their debut, “Night Visions.” They spent seven years touring, a grueling schedule that took its toll.

 

“I think it kind of snuck up on us a little bit, to be honest. The change happened pretty fast. We were this tiny little band that struggled and struggled for so long and played any show we could — I mean, we opened for mimes, for heaven’s sake. And that was by far not our worst gig,” said guitarist Wayne Sermon.

 

By the time they blew up — with a Grammy Award and arena tours — band members feared the success would stop if they stopped.

“It was sort of unhealthy for us, so this year-break was amazing,” said Sermon. “I think it reflects in the music. I think the music is brighter. I think it’s cleaner. I think more vibrant.”

 

The break was most appreciated by Reynolds, who has always been frank about his battles with depression. He was desperate to get home and reconnect with his 4-year-old daughter, his wife and friends.

 

“I was in a really just scattered, depressed headspace, and I think it just came from a sense of losing my sense of self almost to a degree and all the abrupt changes. I had dealt with depression when I was young, but it really took on a whole new level and it was kind of a full year,” he said.

 

“I did a lot of self-work, read a lot of books, met with a lot of people who helped me find a healthier headspace and got to a really wonderful, colorful, good headspace, which has been just great.”

 

To make “Evolve,” the band leaned on Alex da Kid and new collaborators like Joel Little and Mattman & Robin. Imagine Dragons turned to the duo for several songs chiefly because they were very opinionated and very minimalistic.

Reynolds and Sermon recall working in the studio for hours, trying all kinds of song approaches, until one of the Swedish producers smiled or just nodded.

 

“They helped us see the weakness of what we’d done and the strengths and try to make a more evolved version of what Imagine Dragons was sonically while also retaining the elements that made the band who they were,” Reynolds said.

 

Reynolds, whose wife recently gave birth to twins, also was freed up to push himself lyrically, turning for the first time to address love on songs like “Walking the Wire” and “I’ll Make It Up to You.”

 

“Since I was in a healthy headspace for the first time in a long time, love was exciting to me and it wasn’t cliched or corny. It was beautiful and interesting. So I found myself writing about love.”

 

After spending much of the summer on tour in Europe, the band returns for a fall swing through the United States. Life on the road may be a grind but they say the reward is the ultimate high of playing live.

 

“Cliff jumping isn’t as exciting to me as the idea of going onstage and playing for people who got a babysitter, fought traffic, paid extra for parking and showed up,” said Sermon.

your ads here!

Olympic Panel Praises ‘Outstanding’ LA, Paris Hosting Plans

Los Angeles and Paris have been praised by an International Olympic Committee panel for having “outstanding” plans to host the 2024 Summer Games.

 

Storytelling skills and cutting-edge technologies from LA, plus “stunning backdrops” in Paris where the modern Olympics was reborn, were anticipated eagerly by an IOC evaluation commission which assessed the bidders in a 180-page dossier and 15-minute video published Wednesday.

“Their candidatures have put the Olympic Movement in a win-win situation, with very little to separate the two projects,” said Patrick Baumann, the panel chairman and an IOC member.

 

Both cities should get hosting rights for the 2024 or 2028 Olympics on September 13, at the IOC’s annual meeting being held in Lima, Peru. Paris is viewed as favorite for 2024.

 

The evaluation was prepared for IOC members who will meet bid leaders at a key campaign event on July 11-12 in Lausanne. Members are also now expected to ratify the proposal for a double hosting award, which the IOC executive board formally made last month.

 

In statements issued Wednesday, both cities’ bid campaigns said they were delighted with the evaluation.

 

Challenges highlighted for the two cities include public transport and traffic management plans in Los Angeles, which groups most venues in four clusters: Downtown, Valley, South Bay and Long Beach:  

 

The panel noted that the IOC would want to review in advance new laws that are needed to guarantee tax and funding aspects of the Paris project. Many events would take place in the city center, and use the Eiffel Tower, Arc de Triomphe and Louvre art gallery as a backdrop.

 

LA’s privately-financed project scored better than Paris, which calls for hundreds of millions of dollars of taxpayers’ money, in the IOC’s own polling of public support for hosting the Summer Games.

It is always unclear in Olympic bidding contests how much the technical analysis of candidates’ plans affect the choice of more than 85 IOC members eligible to vote.

 

Still, Los Angeles and Paris have long been viewed as high-class, low-risk options. The IOC has seemed grateful to have them after years of spiraling spending and cost overruns by host cities, and public opposition that ended other bids.

 

IOC President Thomas Bach has pushed for a double award since December, aiming to seize the chance of stability for the next decade.     

 

Seeking to avoid construction costs and risks of creating white elephant venues, LA and Paris are praised for proposing to use existing and temporary arenas for 97 and 93 percent, respectively, of their Summer Games’ needs.

 

The only permanent venue yet to be built in Los Angeles is the $2.6 billion stadium in Inglewood to be shared by the NFL’s Rams and Chargers. It would host the opening ceremony on July 19, 2024.  

 

Plans for an athletes’ village have been a potentially key difference between the bids.

 

LA proposes to use existing student accommodation at UCLA described by Baumann’s team as “outstanding in all aspects.”

 

The Paris plan to build a $1.45 billion village near the Stade de France, which would host track and field plus the opening ceremony on August 2, 2024. The village has shaped up as the riskiest project in either bid, though it will be underwritten by the national government.

 

However, the IOC panel described its “idyllic waterfront setting” and praised the plan to convert the athletes’ residence into “much-needed housing … in one of the youngest, most diverse areas of the city.”

 

LA scored better than Paris in the IOC-commissioned polls conducted in February which sought the opinions of 1,800 adults at city, regional and national level.

 

In the city of LA, 78 percent of residents supported the project and 8 percent were opposed. In Paris, it was 63 percent for and 23 percent against.

 

Paris was judged stronger on public transport, with the IOC panel praising the “amazing feature in such a huge metropolis” of “high-capacity public transport within 400 meters of every venue.”

 

Both cities have full government guarantees to plan and fund security for the games, the report said, noting that the current risk levels are “high” in Paris and “low to medium” in Los Angeles.

 

Details of the dossier will be pored over in Lausanne next week, with the IOC members expected to vote for awarding both games at the same time.

 

If they do, the choice of the host cities may even be agreed among the two bidders informally, ahead of the meeting in Lima.

“Both cities are open to being approached by the IOC after such a vote to discuss how to achieve a win-win-win,” Bach said last month.

your ads here!

City Plan Aims for Flood-free Growth in Argentina’s Santa Fe

Bolstering flood defenses and moving families away from risky areas are high on the agenda for Argentina’s Santa Fe as the river port city looks to grow its economy and improve its infrastructure under a new urban plan.

The inland city of around 400,000 in Argentina’s Pampas region also aims to cut violent crime, boost social inclusion and kick-start projects including a new airport, as it tries to create jobs and become better connected, said Santa Fe’s chief resilience officer, Andrea Valsagna.

Like many Latin American cities, as Santa Fe has expanded, new residents have settled in low-lying areas, she noted.

“The challenge is to organize the growth of the city in a way that reduces the risk of floods,” said Valsagna by telephone from Santa Fe in northeast Argentina.

The new resilience strategy will help position the city to “deal with the problems climate change is generating in the region,” she said, adding that heavy rains and flooding are likely to increase.

Santa Fe lies near the junction of two major waterways — the Parana and Salado rivers — and suffered serious floods in 2003 and 2007, which forced mass evacuations.

The city now has early warning systems in place, and relies on costly infrastructure made up of 40 miles (64 km) of defenses and pumps that help minimize flood risk from the rivers.

The new strategy — released under the 100 Resilient Cities initiative, a global network of cities working to tackle modern-day shocks and stresses — said Santa Fe had taken steps to reduce its vulnerability, but work was needed to bolster flood defenses, drainage systems and other critical infrastructure.

Santa Fe is one of Argentina’s oldest cities, with over 70 percent of its territory made up of rivers, lakes and marshes.

An effort to relocate nearly 4,000 people living in 1,500 homes situated in flood-prone areas and curb informal settlement must consider how to integrate communities, and provide education and job opportunities, said Valsagna.

“The problem of families in low-lying or informal settlements is multi-dimensional, and you can’t just think about the housing problem,” she said of the city which suffers from a shortage of accommodation.

“It’s very difficult to generate alternatives for many of these families — they have a history in these places … they have their links with work, schools, health,” she said.

Crime and waste

Major infrastructure projects, such as the proposed new airport for the regional capital and relocation of its river port, would broaden opportunities for economic growth and jobs, besides improving transport links, said Valsagna.

Santa Fe is expected to funnel 10 percent of its municipal budget into ways of making the city more resilient. City authorities are also talking to regional development banks, the private sector and the national government about funding the port and the airport, she said.

Reducing crime is another big challenge for Santa Fe, where homicides reached 22 per 100,000 inhabitants in 2014. Young men from poor, underserved neighborhoods are most at risk, while police corruption and a weak justice system compound the issue.

Valsagna said a new observatory would analyze crime in the city, which is seeking ways to bring more jobs and services to inhabitants of its poorest areas.

Other goals are to improve drainage and waste services in the city where more than 600 families, including children, make a living out of informal rubbish collection and are exposed to health risks and poor sanitation, said the report.

Santa Fe wants to halve their number within the next five years by offering alternative sources of income.

Santa Fe Mayor Jose Manuel Corral noted in the report that cities around the world are facing complex challenges.

“We believe that a resilience approach will allow us to tackle this complexity, putting the focus on the capacity of communities to face crises, prepare themselves for acute impacts but also to deal with and overcome chronic stresses,” he wrote.

your ads here!

Planet of the Apes Stars Talk of Trilogy’s Simian Showdown

The final film in the rebooted “Planet of the Apes” series will hit cinemas next week, promising an action-packed conclusion to a trilogy that has garnered both critical acclaim and box office receipts.

“War for the Planet of the Apes” sees motion-capture performance specialist Andy Serkis return in his role as Caesar, leader of a super-intelligent band of apes who take on an army led by Woody Harrelson’s ruthless colonel in a post-apocalyptic setting.

Serkis said the conflict between apes and humans at the film’s core was a warning against supremacist ideologies.

“If you think your species is better, if you think your type of people or your type of religion or anything that your set of beliefs is better than someone else’s, then that is the road to ruin,” he said.

Serkis’s on-screen antagonist Harrelson, who has experience in dystopian cinema from his role in the “Hunger Games” films, said that he had been a fan of the renewed series before being

asked to appear in it.

“It was a privilege to be asked to do it. I don’t think it’s that I’m drawn to that (dark sci-fi films), I’m just drawn – some things make sense. Some things you can’t say no to.”

“War” follows on from “Rise of the Planet of the Apes”, and “Dawn of the Planet of the Apes”, and is to be the final instalment of this series, but not the end of the franchise altogether, said the film’s director and co-writer Matt Reeves.

The original “Planet of the Apes” spawned a five-film series that ran from 1968 to 1973. The first film, an arresting science fiction classic that starred Charlton Heston, won an Oscar for its prosthetic make-up effects and was a critical and commercial hit, but the subsequent movies struggled to replicate the original’s success.

your ads here!

Personalized Vaccines Hold Cancer at Bay in Two Early Trials

A novel class of personalized cancer vaccines, tailored to the tumors of individual patients, kept disease in check in two early-stage clinical trials, pointing to a new way to help the immune system fight back.

Although so-called immunotherapy drugs from the likes of Merck & Co, Bristol-Myers Squibb and Roche are starting to revolutionize cancer care, they still only work for a limited number of patients.

By adding a personalized cancer vaccine, scientists believe it should be possible to improve substantially the effectiveness of such immune-boosting medicines.

Twelve skin cancer patients, out of a total of 19 across both the trials, avoided relapses for two years after receiving different vaccines developed by German and U.S. teams, researchers reported in the journal Nature on Wednesday.

Larger studies are next

The small Phase I trials now need to be followed by larger studies, but the impressive early results suggest the new shots work far better than first-generation cancer vaccines that typically targeted a single cancer characteristic.

The new treatments contain between 10 and 20 different mutated proteins, or “neoantigens,” that are specific to an individual’s tumour. These proteins are not found on healthy cells and they look foreign to the immune system, prompting specialist T-cells to step up their attack on cancer cells.

One vaccine was developed at the U.S.-based Dana-Farber Institute and Broad Institute and the other by privately-owned German biotech firm BioNTech, which uses so-called messenger RNA to carry the code for making its therapeutic proteins.

Roche, the world’s largest cancer drugmaker, is already betting on BioNTech’s technology after signing a $310 million deal last September allowing it to test the German vaccine with its immunotherapy drug Tecentriq.

BioNTech’s co-founder and CEO Ugur Sahin told Reuters that combination trials using Roche’s drug were due to start later this year against a number of different cancers.

Rival biotech firm Neon Therapeutics, which was formed to exploit the U.S. research, initiated tests of its personalized neoantigen vaccine in combination with Bristol-Myer’s Opdivo drug last year.

Expensive treatment

New drugs like Opdivo and Tecentriq that enlist the body’s immune system are improving the odds of survival, but their typical price tag of more than $150,000 a year is controversial and adding a personalized vaccine will jack costs up further.

Sahin acknowledged such vaccines would be expensive at first but said costs could be brought down by economies of scale and automation.

“In the mid to long term the cost will fall dramatically … it is an individual treatment but it is a universal process,” he said. “We are at a very early stage at the moment but in the long-run this approach could change everything.”

Potential confirmed

Cornelius Melief of Leiden University Medical Center, who was not involved in either study, said the research confirmed the potential of neoantigen vaccines.

“Controlled, randomized Phase II clinical trials with more participants are now needed to establish the efficacy of these vaccines in patients with any type of cancer that has enough mutations to provide sufficient neoantigen targets for this type of approach,” he said.

Mainz-based BioNTech is one of Europe’s largest private biotech companies, with more than 500 employees and deals with Sanofi and Eli Lilly, as well as Roche. It is majority-owned by twin brothers Andreas and Thomas Struengmann, who sold generic drugmaker Hexal to Novartis in 2005.

Sahin said BioNTech would probably stay private for another two to four years before deciding on an initial public offering.

 

your ads here!

Medical Experts Call for Tighter Controls on Stem Cell Tourism

Stem cell tourism involving patients who travel to developing countries for treatment with unproven and potentially risky therapies should be more tightly regulated, international health experts said Wednesday.

With hundreds of medical centers around the world claiming to be able to repair damaged tissue in conditions such as multiple sclerosis and Parkinson’s disease, tackling unscrupulous advertising of such procedures is crucial, the experts said.

These therapies are advertised directly to patients with the promise of a cure, but there is often little or no evidence to show they will help, or that they will not cause harm, the 15 experts wrote in the journal Science Translational Medicine.

Some types of stem cell transplant — mainly using blood and skin stem cells — have been approved by regulators after full clinical trials found they could treat certain types of cancer and grow skin grafts for burns patients.

But many other potential therapies are only in the earliest stages of development and have not been approved by international regulators.

“Stem cell therapies hold a lot of promise, but we need rigorous clinical trials and regulatory processes to determine whether a proposed treatment is safe, effective and better than existing treatments,” said one of the 15, Sarah Chan of Britain’s University of Edinburgh.

The experts called for global action, led by the World Health Organization, to introduce controls on advertising and agree on international standards for the manufacture and testing of cell- and tissue-based therapies.

“The globalization of health markets and the specific tensions surrounding stem cell research and its applications have made this a difficult challenge,” they wrote. “However, the stakes are too high not to take a united stance.”

your ads here!

IMF: Global Economic Recovery ‘On Track,’ But Nations Must Work Together

The global economic recovery “remains on track,” according to the International Monetary Fund, but other experts say advanced economies are in for a period of slow growth.

The IMF study is published as leaders from the G-20, the world’s major economies, are gathering in Hamburg, Germany to discuss growth, trade and other issues. The global lender urges nations to “work together” on economic issues because “there is no time for standing still.”

The study’s authors say the U.S. economy hit a “soft patch” earlier this year, while some European and Asian economies grew a bit faster than expected, with an upturn in manufacturing and trade.  

These experts also warn that weak productivity growth, uneven distribution of economic gains, and aging workforces, limit growth, particularly in advanced economies.  

A separate study by Fitch Ratings says advanced economies are likely to grow at a rate below 2 percent over the next several years. 

Fitch writes that while the U.S. average growth rate over many years is “just below 3 percent,” the outlook is just 1.8 percent. The study’s authors blame the aging of the workforce for the slow pace of expansion. 

your ads here!

Rio Olympics Look to IOC for Help with $40 Million Debt

Almost a year after the Rio de Janeiro Olympics, Brazilian organizers are asking for help from the International Olympic Committee to satisfy creditors who are still owed about 130 million reals ($40 million).

Mario Andrada, a spokesman for the Rio organizing committee, said Brazilian Olympic Committee President Carlos Nuzman would meet officials next week at IOC offices in Switzerland.

“The IOC might help us gain leverage, might help us in this dialogue with the government,” Andrada said.

However, the IOC was cautious in a statement on Wednesday to The Associated Press. Contractually, host cities and countries are obligated to pay Olympic debts.

“The IOC continues to be ready to offer its help and expertise,” the statement said. “However, to do this we would need reliable and understandable information from those in charge, something which regrettably at the present time we do not have. Once we can be provided with a clear picture, then we can work out how best we can offer our support going forward.”

The Rio Olympics were battered by organizational problems and variable attendance, while the country faced a series of corruption scandals and the worst recession in decades.

Some infrastructure built for the Olympics has found uses — a subway line, a renovated port, and high-speed bus lines. But sporting venues are mostly vacant, a $20 million Olympic golf course is struggling to find players, and fewer than 10 percent of the apartments in the 3,600-unit Athletes Village are reported to have found buyers.

Last month, an AP analysis — supported by city, state and federal data — put the cost of the Olympics at $13.1 billion, a mix of public and private money. However, the exact figure is likely larger and may never be known.

Andrada, the Rio spokesman, said organizers were moving cautiously to get help from authorities in Brazil in paying the committee’s debt. He said negotiations had reached “a crucial point.”

Any such move to avoid possible bankruptcy is sure to meet resistance from the state of Rio de Janeiro, which is late paying teachers, police, pensions, and other public services.

This all comes as Brazilian President Michel Temer has been charged with corruption by Brazil’s top prosecutor and has a popularity rating of 7 percent.

“We need to connect dots that are very far apart in a very complicated political environment,” Andrada said. “The IOC is more guiding us rather than being the silver bullet.”

your ads here!

Booming Tourist Industry Boosting African Economies

A new report finds flourishing tourism in Africa is putting millions of people to work and adding billions of dollars to national economies. The UN Conference on Trade and Development’s annual Economic Development in Africa Report projects continued robust growth in tourism in the coming years.

Growth figures in Africa’s tourism sector are impressive. The World Travel and Tourism Council projects the total contribution of tourism to Africa’s Gross Domestic Product will amount to $296 billion by 2026.

This is a phenomenal increase considering that tourism’s direct contribution to Africa’s GDP was $30 billion between 1995 and 1998. The Tourism Council also expects the sector to generate nearly 29 million jobs in 2026 up from 21 million in 2016.

UNCTAD secretary-general, Mukhisa Kituyi says intra-African tourism, which now exceeds visitors from Europe, the United States and Asia is behind the fast growth in the industry.

“Also, importantly documented in this report is the fact that intra-African tourism is 12 months a year,” he said. “It does not wait for the north in winter and that way it underpins more continuing livelihoods than the seasonal tourism associated with the traditional South markets.”

But, Kituyi says African governments must liberalize air transport to realize the potential of intraregional tourism for the continent’s economic growth. Currently, he says four countries, South Africa, Egypt, Ethiopia and Kenya, account for more than 90 percent of air traffic.

“Many countries that do not have a viable national airline, do not see the reason of giving concession for low-cost landing when there is no such benefit for their own airlines,” he said. “And, what it means is that you start finding abnormally high landing costs for airlines from other African countries.”

Kituyi says this short-sighted policy results in abnormally high costs for intra-African flying. This, he says, holds back greater potential revenue through the greater movement of persons across the continent.

 

your ads here!

Groups See Climate Science Review as Chance to Undercut Regulation

The Trump administration will soon begin a review that will question the veracity of the climate change science used by President Barack Obama’s administration as the basis for environmental regulations.

The move by the Environmental Protection Agency to launch public debates between scientists on climate research, known as red-team, blue-team exercises, would be the first major effort by the Republican administration to challenge the long-standing scientific consensus on human-caused climate change.

Advocates who have petitioned the EPA to reverse the scientific finding underlying U.S. regulations governing greenhouse gas emissions see the proposal to scrutinize mainstream climate science as a first step in that direction.

“It’s a way to survey the landscape before reopening the endangerment finding,” said Myron Ebell, head of the Competitive Enterprise Institute, one of the groups that filed a petition with the agency to undo the 2009 scientific determination that formed the basis for the Democratic Obama administration’s regulation of greenhouse gases.

In 2007, the Supreme Court ruled that the EPA had authority under the federal Clean Air Act to regulate greenhouse gases from cars if the agency determined they endangered human health.

EPA Administrator Scott Pruitt has spoken several times about the merits of opening the climate change debate up to the public. The website Climatewire on Friday cited a senior administration official, who said Pruitt plans to launch the back-and-forth scientific critiques formally.

Francis Menton, a lawyer who filed an endangerment finding petition in January on behalf of the Concerned Household Electricity Consumers Council, said Pruitt told an event at the Manhattan Institute think tank in New York on Friday that he would launch the debates in the next few months.

Menton said he asked Pruitt whether he had made a decision on reopening the endangerment finding. Pruitt said the agency is weighing its options.

The review “can create a body of scientific work that can be trustworthy and dependable to make regulatory choices and decisions,” said Rob Henneke, of the Texas Public Policy Foundation, a third group that filed an endangerment finding petition.

Unlike the other two, it has challenged the legality of the endangerment findng, not the science.

Environmental groups are confident that Pruitt will not be successful if he tries to undo the endangerment finding because they expect the courts will side with the scientific consensus that human beings cause climate change.

Pruitt and the EPA would need to build up a new case that shows carbon dioxide is innocuous and counter the volumes of scientific research that support the finding.

“If he has any grasp of scientific and legal reality, he would realize that it’s a fool’s errand to reverse the endangerment determination,” said David Doniger, climate director for the Natural Resources Defense Counsel.

“This could be a way for him to keep the right-wing fringe groups occupied and also accimplish the goal of further confusing the public debate,” he said.

Ebell, who was also the transition leader of the Trump EPA, had previously been critical of Pruitt’s hesitation to take on the endangerment finding because of the time and staffing it would require.

The Trump administration has not yet appointed second-tier assistant administrators to run different policy divisions of the agency.

“I think [the red-team, blue-team process] is a logical first step, but I don’t think it commits the administrator to anything yet,” Ebell said.

 

your ads here!

Volvo to Go All Electric in 2019

Swedish carmaker Volvo says it is phasing out the internal combustion engine in favor of electric motors by 2019.

Volvo, which is Chinese owned, is the first traditional carmaker to announce the move.

“This announcement marks the end of the solely combustion engine-powered car,” said Volvo’s president Håkan Samuelsson in a statement Wednesday. “People increasingly demand electrified cars, and we want to respond to our customers’ current and future needs.”.

The company, which made a name for itself for emphasizing passenger safety, said it will offer five electric cars between 2019 and 2021. Three will be branded as Volvo and the others will be labeled as Polestar, the company’s high-end brand.

The company said it will also offer plug-in hybrid or other hybrid-type cars, some of which do use a small gas engine along with a rechargeable battery.

The company says it will continue to make pure combustion engine cars launched prior to 2019.

Geely, the Chinese company which has owned Volvo since 2010, was likely an impetus for the move as electric vehicles have been eagerly adopted in China due to high levels of air pollution.

According to Center for Automotive Research at Germany’s University of Duisberg-Essen, the country is home to half the world’s electric cars. China has said it wants 5 million electric cars on Chinese roads by 2020.

Electric carmaker Tesla recently announced it was in talks to build a plant near Shanghai.

your ads here!

UN Survey Finds Cybersecurity Gaps Everywhere Except Singapore

Singapore has a near-perfect approach to cybersecurity, but many other rich countries have holes in their defenses and some poorer countries are showing them how it should be done, a U.N. survey showed on Wednesday.

Wealth breeds cybercrime, but it does not automatically generate cybersecurity, so governments need to make sure they are prepared, the survey by the U.N. International Telecommunication Union (ITU) said.

“There is still an evident gap between countries in terms of awareness, understanding, knowledge and finally capacity to deploy the proper strategies, capabilities and programmes,” the survey said.

The United States came second in the ITU’s Global Cybersecurity Index, but many of the other highly rated countries were small or developing economies.

The rest of the top 10 were Malaysia, Oman, Estonia, Mauritius, Australia, Georgia, France and Canada. Russia ranked 11th. India was 25th, one place ahead of Germany, and China was 34th.

The ranking was based on countries’ legal, technical and organizational institutions, their educational and research capabilities, and their cooperation in information-sharing networks.

“Cybersecurity is an ecosystem where laws, organizations, skills, cooperation and technical implementation need to be in harmony to be most effective,” the survey said.

“The degree of interconnectivity of networks implies that anything and everything can be exposed, and everything from national critical infrastructure to our basic human rights can be compromised.”

The crucial first step was to adopt a national security strategy, but 50 percent of countries have none, the survey said.

Among the countries that ranked higher than their economic development was 57th-placed North Korea, which was let down by its “cooperation” score but still ranked three spots ahead of much-richer Spain.

The smallest rich countries also scored badly – Andorra, Liechtenstein, Monaco and San Marino were all well down the second half of the table. The Vatican ranked 186th out of 195 countries in the survey.

But no country did worse than Equatorial Guinea, which scored zero.

your ads here!

Ukraine Software Firm Says Computers Compromised After Cyberattack

The Ukrainian software firm at the center of a cyber attack that spread around the world last week said on Wednesday that computers which use its accounting software are compromised by a so-called “backdoor” installed by hackers during the attack.

The backdoor has been installed in every computer that wasn’t offline during the cyber attack, said Olesya Bilousova, the chief executive of Intellect Service, which developed M.E.Doc, Ukraine’s most popular accounting software.

Last week’s cyber attack spread from Ukraine and knocked out thousands of computers, disrupting shipping and shut down a chocolate factory in Australia as it reached dozens of countries around the world.

Ukrainian politicians were quick to blame Russia for a state-sponsored hack, which Moscow denied, while Ukranian cyber police and some experts say the attack was likely a smokescreen for the hackers to install new malware.

The Ukrainian police have seized M.E.Doc’s servers and taken them offline. On Wednesday morning they advised every computer using M.E.Doc software to be switched off. M.E.Doc is installed in around 1 million computers in Ukraine, Bilousova said.

“… the fact is that this backdoor needs to be closed. There was a hacking of servers,” Bilousova told reporters.

“As of today, every computer which is on the same local network as our product is a threat. We need to pay the most attention to those computers which weren’t affected (by the attack). The virus is on them waiting for a signal. There are fingerprints on computers which didn’t even use our product.”

your ads here!

Gambian, Afghan Students Refused US Visas for Science Contest

A team of teenage Gambian students are upset and mystified at being denied visas to attend a major global robotics contest in Washington later this month.

This comes days after an Afghan girls team was also turned down by the U.S. Embassy in Kabul. Neither team was given any reason.

“It’s very disappointing, knowing that we are the only two countries that aren’t going to take part in the competition,” Gambian student Fatoumata Ceesay said.

The two teams will instead enter the competition via Skype. But the video link is no substitute after the youngsters worked for months perfecting their projects and dreamed of the thrill of visiting Washington.

“It would be an experience to see and discover other robots and ask questions and exchange ideas with others. It’s more than 160 countries, so we’d have the chance to mingle,” Ceesay said.

The Gambian and Afghan students are especially puzzled because teams from Iran and Sudan, and a group of Syrian refugees were given visas. All three Muslim-majority countries are on President Donald Trump’s travel ban. Afghanistan and Gambia are not.

Lida Azizi, a 17-year old from Herat, calls the visa rejection “a clear insult for the people of Afghanistan.”

The U.S. embassies in Afghanistan and Gambia and the State Department say they cannot discuss visa requests.

WATCH: Robotics contest for youth promotes innovation

A group called FIRST Global Challenge holds the yearly robotics competition to build interest in science, technology, engineering and math around the world.

The group says the focus of the competition is finding solutions to problems in such fields as water, energy, medicine and food production.

your ads here!

Trump, Merkel on G-20 Collision Course Over Climate, Trade

As police step up patrols and protesters set up camp in Hamburg, Germany, no one is expecting an easy weekend when U.S. President Donald Trump joins other heads of the world’s 20 leading economies.

Trump and German Chancellor Angela Merkel are on a collision course on issues of climate and trade, but counterterrorism efforts, recent North Korean missile tests and Chinese steel dumping could bring them together.

Merkel pledges to work toward consensus on wider issues, but foresees no miracles in her relations with the U.S. administration.

“I do not think we will have unified positions on all issues at the end, but it is sensible and honest to talk to each other on all issues of international diplomacy,” Merkel told reporters ahead of the summit.

WATCH: Preview of G-20 meeting

President Trump said he has “bold” plans to impose steep tariffs or quotas on steel imports, the latest and perhaps most serious of threats to protect U.S. industry, and part of his America First strategy, one that has G-20 partners feeling nervous.

“What he is doing is he is throwing all kinds of cards up in the air — NAFTA, critique of climate change — because he actually wants a bit of a zero base policy,” said Tim Evans, a political economist at Middlesex University. “I think at the end of the day he probably, of course, wants free trade in the win-win sense, but what he is trying to expose is perhaps some of the hypocrisy of countries like China who talk the talk of openness but do not always deliver. So there is going to be a real clash of the titans at this summit.”

Shock talk brings results

After threatening to not stand by NATO allies unless they pay their share of defense, members pledged to boost their contributions. Trump said he would rip up the North American Free Trade Agreement, or NAFTA, and now he has a deal with Mexico on sugar exports.

The U.S. leader’s target now is China and its cheap steel exports that are blamed for killing jobs not only in the United States, but in Britain and other G-20 states, including Germany.

Chinese officials are closely watching the direction of U.S. policy and have called on Washington to exercise caution.

Trump’s decision to withdraw the United States from the Paris climate accord has stoked the anger of demonstrators in Hamburg as well as concern among Merkel and some other G-20 leaders, but analysts say the threat of cheap Chinese steel imports could be a common cause, and take precedence.

“Many of the G-20 members are experiencing exactly the same kinds of economic forces and constraints the U.S. is facing,” Shanker Singham, director of economic policy and prosperity studies at the Legatum Institute in London, told VOA. “So for example, in the U.K., the steel mills in Port Talbot and Redcar were closed because of, really, overcapacity of supply by the China steel sector. That is not very much different from what has been going on in Ohio and Pennsylvania. So I think this actually has the opportunity or a chance to get a lot of support.”

Wait-and-see approach

G-20 leaders, while nervous, are waiting to see what Trump actually does before taking any action, and all indications are that they are not rushing to adopt protectionist measures.

Global Trade Alert, a group that monitors protectionism, this week reported a drop in the number of such measures adopted by G-20 members in the last several months compared with the same period last year.

“The Trump administration has said a lot about ‘America First’ and fair trade and so forth, but they haven’t actually done that much so far,” said Singham. “G-20 members will be looking at ‘What do you really mean by this policy?’ in order to determine what their response to that policy will be.”

None of the major issues is likely to be resolved, but analysts say more clarity may emerge, given who the players are.

“The landscape that we see looming in Hamburg is one of showmanship,” said Evans. ”We have a lot of unpredictability because we have a lot of very charismatic, very outspoken leaders — people like [President Recep Tayyip] Erdogan from Turkey, [Prime Minister Narendra] Modi from India, Vladimir Putin from Russia and of course President Trump. These people know how to play to global audiences.”

your ads here!

Environmentalists Protest Logging in Ancient Polish Forest

Hundreds of environmentalists protested in Kraków Tuesday against widespread logging in Europe’s last primeval forest as a conference of the UNESCO World Heritage Committee got underway in the historic city in southern Poland.

The environmentalists demanded that the Polish government stop felling trees in the Białowieża forest, a UNESCO World Heritage site that straddles the border with Belarus. The forest of nearly 142,000 hectares is one of the last and largest remaining parts of an immense primeval forest that stretched across the European Plain 10,000 years ago.

Separated by a police cordon, forest rangers held a counterdemonstration in Kraków. They support the government’s explanation that selective logging will help save the forest, which is north of Brest, the Belarusian capital, and Białystok in Poland.

The forest is home to many rare species of birds and plants as well as hundreds of European bison, the continent’s largest mammals. It contains a number of large, ancient oak trees, survivors of the wars in Eastern Europe during the 20th century and many earlier conflicts; the biggest trees, named after historical figures in many cases, have circumferences of over 600 centimeters (20 feet) and stand over 30 meters (98 feet) tall.

The government said it increased logging to fight an infestation of bark beetles that has affected many spruce trees. Ecologists claim authorities have been felling not only infected trees but also healthy ones. They contend the government’s stand is a pretext to increase timber production for profit.

Scientists and the European Union, which says the increased logging is illegal, have also protested the logging. In late April, the European Commission gave Polish authorities a “final warning” to address its concerns over the forest or face being summoned by the EU’s top court.

The UNESCO committee, meeting in Poland through July 11 in its 41st annual session, is expected to decide Wednesday whether to send a mission of experts to the Białowieża Primeval Forest to reassess the situation.

your ads here!

Exhibit Walks Tourists Through 241 Years of American History

Ahead of the Independence Day celebration, many museums across the country inaugurate special exhibits dedicated to the most important moments in American history. VOA Russian’s Maxim Moskalkov went to a vast display at the  National Museum of American History.

your ads here!

African Officials Seek Tougher Penalties Against Fake Drug Imports

Lawyers from around Africa gathered in Cameroon this week to call for tougher legislation against counterfeit medicine.

 

Sixty tons of counterfeit medicine was burned after being seized by customs officials in Cameroon, who say the stockpile had an estimated value of $80,000.

Customs official Marcel Kamgaing said the imitation medicine was being used to treat everything from diabetes and hypertension to cancer and erectile dysfunction. He said the forged drugs were destined for sale at shops and roadside pharmacies.

He says illicit drugs are very dangerous to the health of consumers and may even kill due to poor packaging and preservation. He says importers should be informed that Cameroon’s customs laws give them the authority to destroy all fake drugs.

Counterfeit drugs conference

The burning was scheduled to coincide with an international conference this week in Yaounde on the problem of phony drugs in Africa.

Jackson Ngnie Kamga, president of the Cameroon Bar Association, says the current penalties are not enough of a deterrent. He said traffickers should face jail time.

He says because of its deadly consequences, it is high time for Cameroon to join African states to start considering the transportation and commercialization of bogus drugs as a major crime, not a simple offense punishable by fines and seizure of the illicit goods. He says the number of people who die because of such drugs makes them consider it another form of homicide, which the international community should help Africa tackle.

The World Health Organization says falsified medical products may contain no active ingredient, the wrong active ingredient or the wrong amount of the correct active ingredient. The WHO says about 100,000 deaths-a-year in Africa are linked to counterfeit drugs.

Asian source

Issouf Baadhio, an attorney from Burkina Faso, represented the International Association of Lawyers as its vice president. He said the counterfeit drugs are primarily manufactured in Asia, especially in China, and so African countries need to focus on stopping importation.

 

He says besides the fact that this trade is illegal, importing fake drugs has disastrous economic consequences and as such civil society organizations and professional groups like the International Association of Lawyers should join states and make sure that markets are protected and custom controls are set up at entrances to all states to detect and stop the sale of all dangerous drugs.

Identifying counterfeit medicines can be difficult. The WHO urges officials and consumers to look for signs like misspelled words on the packaging and to check that the manufacture and expiration dates inside and outside packaging match.

your ads here!

Malnourished Children at Risk of Death From Cholera in Yemen, Africa

The U.N. children’s fund warns tens of thousands of malnourished children are at great risk in Yemen, Somalia and South Sudan, which are on the brink of famine.

UNICEF reports an estimated 4.7 million children in the three cholera-stricken countries are malnourished. Of these, UNICEF spokesman Christophe Boulierac tells VOA, more than one million are suffering from severe acute malnutrition.

“Let me remind you that a child who is suffering from severe acute malnutrition are nine times more likely to die of disease than a well-nourished child,” he said. “So, having cholera and diarrhea in countries where so many children are so fragile because of malnutrition among other things because of such a bad access to safe water is extremely worrying.”

Sudan outbreak

UNICEF says it also is extremely worried about an outbreak of acute watery diarrhea in Sudan, where the Federal Ministry of Health reports more than 20,000 cases of the disease, including over 400 deaths.

Boulierac says the disease has spread to 14 of 18 states and children account for more than 20 percent of the affected population.

“The situation in White Nile State, which is in central Sudan, is deeply worrying, since it is the most affected with 7,200 reported cases and since it has almost 100,000 refugees living in camps,” he said.

UNICEF says it needs access, security and more money to contain cholera and acute watery diarrhea in all four countries. It says aid operations must be scaled up. Malnourished children must receive special life-saving medication, therapeutic feeding and have access to safe drinking water.

your ads here!

Soy ‘Milk’? Even Federal Agencies Can’t Agree on Terminology

Dairy farmers want U.S. regulators to banish the term “soy milk,” but documents show even government agencies haven’t always agreed on what to call such drinks.

The U.S. Department of Agriculture “fervently” wanted to use the term “soy milk” in educational materials for the public, according to emails recently released in response to a lawsuit. That irked the Food and Drug Administration, the agency that oversees the rule defining milk as coming from healthy cows.

It’s “not a trivial decision,” the FDA warned in one of the 2011 emails about the USDA’s desire to use the term.

The sour history over who gets to use “milk” reaches back to at least 1997, when a soy foods group petitioned the FDA to recognize the term “soymilk.” A couple of years later, the group pointed out that the FDA itself had used the term. Even now, the National Milk Producers Federation says it’s working to build support for legislation directing the FDA to enforce the federal standard. The dairy group says both “soy milk” and “soymilk” are inappropriate ways to describe non-dairy drinks made from soybeans, and that the one-word version is just an attempt to get around the definition.

There are plenty of other food names at issue. A European Union court recently ruled that a company named TofuTown can’t describe its products as “cheese.” U.S. rice producers have railed against “pretenders ” like diced cauliflower and said they may take the issue to the FDA.

But the FDA hasn’t even always been able to get other agencies to go along, as illustrated in the emails obtained by the Good Food Institute, which advocates alternatives to industrial animal agriculture. The GFI sued the FDA for public records relating to soy milk.

The email exchange started when a nutrition adviser at the Department of Health and Human Services alerted the FDA that the USDA planned to use “soy milk” in educational materials about dietary guidelines.

“USDA staff are preparing consumer publications and fervently want to use the term ‘soy milk’ because beverages are widely marketed this way,” the adviser wrote.

The FDA bristled and provided the federal definition of milk as a “lacteal secretion” from cows. Therefore, the FDA declared that referring to soy, almond and rice drinks as “milk” would be incorrect. It suggested the other agency say “beverage” or “fortified beverage.”

When that didn’t put the matter to rest, the FDA warned that the USDA’s use of the term could undermine the FDA’s regulatory authority.

That apparently didn’t stop the USDA, either.

“They are adamant about using the term in consumer publications,” the nutrition adviser wrote. The USDA had indicated that it would use “soy beverage” in official policy documents, but it wanted to use “plain language” in materials for the public.

Despite the federal regulation, others may also consider “soy milk” an acceptable term. The Merriam-Webster dictionary doesn’t limit milk’s definition to cows, saying it is “a fluid secreted by the mammary glands of females for the nourishment of their young.”

It also allows for a “food product produced from seeds or fruit that resembles and is used similarly to cow’s milk.”

Asked how the spat was resolved, the USDA provided materials from 2011 that use both terms by referring to “soymilk (soy beverage).” The agency also uses the term elsewhere, including on its “Choose My Plate” website, which currently says “calcium-fortified soymilk (soy beverage)” is part of the dairy group.

The National Milk Producers Federation says the USDA’s usage of the term shows even other government agencies are confused about how to describe soy beverages in the absence of consistent enforcement by the FDA.

The FDA declined to comment.

your ads here!