Month: January 2019

Breakthrough In Treating Ebola

In Congo, more than 600 people have contracted the Ebola virus which has claimed close to 400 lives. The disease has been difficult to contain because of conflict in the region, despite an effective vaccine. But now, VOA’s Carol Pearson reports, health workers may soon be able to cure those with the disease.

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Bees With Circuit Board Backpacks Inform Researchers

Researchers are already using sensors on drones to monitor farmers fields and provide a whole host of statistics from moisture levels to pesticide loads. But drones are energy intensive and expensive. Researchers at the University of Washington have created tiny sensors that can hitch a ride on bees that are already floating among the fields. VOA’s Kevin Enochs reports.

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Detroit Auto Show, and Industry, Prepare for Transition

The auto industry gathered in Detroit on Sunday, on the eve of the last winter edition of North America’s premiere auto show, as carmakers grapple with a contracting market and uncertainty in the year ahead.

Concerns over the health of the global economy and a US-China trade war loomed over the North American International Auto Show, as it prepared to open Monday with the first five days dedicated to the media and industry insiders. The show opens to the general public on January 19.

While a number of major announcements were expected — including an anticipated strategic alliance between Ford and Volkswagen — there will be fewer automakers and new car unveilings, making it more subdued. 

“This is a transition year for the Detroit show,” said analyst Michelle Krebs of Autotrader. “It’s kind of emblematic of where the industry is. We’re in a transition in the industry.”

After a 10-year boom, analysts expect North American auto sales to contract in 2019, as consumers face pressures and carmakers grapple with multiple uncertainties. 

Rising interest rates and car prices have squeezed car buyers, and fewer of them are able to afford increasingly pricey, technology-heavy cars. 

Kelley Blue Book predicted the average new-car price was up about three percent in 2018 to more than $36,000.

  • Tariffs cause uncertainty –

Meanwhile, tariffs on imported steel and aluminum products and a potentially intensifying trade dispute between the Donald Trump administration and Beijing has automakers spooked, analysts said.

“Tariffs already had an impact in 2018,” said Cox Automotive chief analyst Jonathan Smoke, adding that 47 percent of the vehicles sold in the US in 2018 were imported. 

“We believe about two percent of today’s prices are because of the tariffs that were already implemented.”

The US is considering additional tariffs of 25 percent. Should it announce such a move by the February 17 deadline, it could have a substantial impact on the industry and stock markets, Smoke said. 

“We believe that they are likely to move forward with some form of that tariff, because it becomes then a lever for them to force… further negotiations.”

Should tariffs raise car prices further, analysts said it could substantially depress the new car market. Consumers would flock to relatively cheaper used cars, which are in ample supply. 

A growing number of lightly-used, tech-heavy vehicles leased during the sales boom of the last few years are being returned to dealerships.

The auto dealers association, which organizes the show, also was contending with the uncertainty of the show’s very relevance. Almost all German carmakers abandoned the show this year, as more and more important announcements are made at other gatherings. 

Next year, the Detroit show will move from January, when it has been held for some 40 years, to June.

  • Goodbye winter – 

Organizers hope the summer weather will allow for outdoor events that allow attendees to try out the new cars and technologies on display.

“It’s run out of gas now,” said Krebs. “June could be a rebirth for the show.”

Among the few notable unveilings this year will be from Ford, which is expected to display a redesigned Explorer SUV and a more powerful version of its iconic Mustang sports car under the name Shelby GT500. 

SUVs and trucks will once again be the highlight, a symptom of North American consumers’ shift away from sedans and small cars. Trucks and SUVs made up a majority of new purchases in the US last year. 

“The SUVs have become cars with SUV bodies sitting on top of them,” said Karl Brauer of Kelly Blue Book. 

Detroit’s big three automakers have been ending production of almost all of their sedans and small cars, succumbing to the pressure of falling demand.

To hedge against the threat of a global economic downturn, GM has announced plans to close underutilized US plants that made smaller, less profitable vehicles. 

Ford planned similar cost-cutting moves in Europe.

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Saudi Energy Minister Concerned About Oil Price Volatility

Saudi Arabia’s energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86.

“I think what we need to do is narrow the range… of volatility,” Khalid al-Falih said.

 

“We need to do better and the more producers that work with us, the better we’re able” to do so, he told the Atlantic Council’s Global Energy Forum in Abu Dhabi.

 

Cautious not to set a price target or range, he explained there are consequences when oil prices dip too low or rise too high.

 

Last month, OPEC countries, including Saudi Arabia, and other major oil producers agreed to cut production by 1.2 million barrels a day to reduce oversupply and boost prices for the first six months of 2019.

 

Oil producers are under pressure to reduce production following a sharp fall in oil prices in recent months because major producers — including the United States — are pumping oil at high rates.

 

Brent crude, the international standard, traded at $60.48 a barrel in London on Friday. Benchmark U.S. crude stood at $51.59 a barrel in New York.

 

Analysts say the kingdom needs oil between $75 and $80 a barrel to balance its budget, with spending for this year to reach a record high of $295 billion.

 

Speaking to reporters on the sidelines of the forum, al-Falih said that despite continued concerns over the volatility in price seen in the fourth quarter of 2018, he is hopeful it can be brought under control.

 

“I think early signs this year are positive,” he said.

 

Last week, Saudi Arabia announced it has 268.5 billion barrels of proven crude oil reserves, a figure 2.2 billion barrels higher than previously known. The kingdom’s Energy Ministry also revised upward the country’s gas reserves by around 10 percent, to 325.1 trillion standard cubic feet as of the end of 2017.

 

The kingdom’s oil reserves are among the cheapest in the world to recover at around $4 per barrel.

 

Al-Falih said the revision, conducted as an independent audit by consultants DeGolyer and MacNaughton, points to why the kingdom believes state-owned oil giant Saudi Aramco “is indeed the world’s most valuable company.”

 

He said plans for an initial public offering of shares in Aramco in 2021 remain on track.

 

 

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Saudi Energy Minister Concerned About Oil Price Volatility

Saudi Arabia’s energy minister said Sunday that major oil producers need to do better to narrow swings in prices that dip below $60 a barrel and rise above $86.

“I think what we need to do is narrow the range… of volatility,” Khalid al-Falih said.

 

“We need to do better and the more producers that work with us, the better we’re able” to do so, he told the Atlantic Council’s Global Energy Forum in Abu Dhabi.

 

Cautious not to set a price target or range, he explained there are consequences when oil prices dip too low or rise too high.

 

Last month, OPEC countries, including Saudi Arabia, and other major oil producers agreed to cut production by 1.2 million barrels a day to reduce oversupply and boost prices for the first six months of 2019.

 

Oil producers are under pressure to reduce production following a sharp fall in oil prices in recent months because major producers — including the United States — are pumping oil at high rates.

 

Brent crude, the international standard, traded at $60.48 a barrel in London on Friday. Benchmark U.S. crude stood at $51.59 a barrel in New York.

 

Analysts say the kingdom needs oil between $75 and $80 a barrel to balance its budget, with spending for this year to reach a record high of $295 billion.

 

Speaking to reporters on the sidelines of the forum, al-Falih said that despite continued concerns over the volatility in price seen in the fourth quarter of 2018, he is hopeful it can be brought under control.

 

“I think early signs this year are positive,” he said.

 

Last week, Saudi Arabia announced it has 268.5 billion barrels of proven crude oil reserves, a figure 2.2 billion barrels higher than previously known. The kingdom’s Energy Ministry also revised upward the country’s gas reserves by around 10 percent, to 325.1 trillion standard cubic feet as of the end of 2017.

 

The kingdom’s oil reserves are among the cheapest in the world to recover at around $4 per barrel.

 

Al-Falih said the revision, conducted as an independent audit by consultants DeGolyer and MacNaughton, points to why the kingdom believes state-owned oil giant Saudi Aramco “is indeed the world’s most valuable company.”

 

He said plans for an initial public offering of shares in Aramco in 2021 remain on track.

 

 

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Amphibious Robot Thrives in Water and on Land

Nature finds a way, the old saying goes. We see it in how animals fly, crawl, slink, dig and otherwise make their way through the world. Scientists have long recognized the ways in which evolution has perfected movement in the natural world, and mimicked it in their robot designs. Here’s the latest, and it’s simple and incredibly complicated all at the same time. VOA’s Kevin Enochs reports.

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Amphibious Robot Thrives in Water and on Land

Nature finds a way, the old saying goes. We see it in how animals fly, crawl, slink, dig and otherwise make their way through the world. Scientists have long recognized the ways in which evolution has perfected movement in the natural world, and mimicked it in their robot designs. Here’s the latest, and it’s simple and incredibly complicated all at the same time. VOA’s Kevin Enochs reports.

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Robot Animals Serving as Pets to Dementia Patients

A new form of social therapy is powering-on in the U.S. A group of former toy company employees bought a brand from their ex-employer and started developing robotic household animals that serve as friends and therapy aids to America’s growing elderly population. Arash Arabasadi reports.

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Robot Animals Serving as Pets to Dementia Patients

A new form of social therapy is powering-on in the U.S. A group of former toy company employees bought a brand from their ex-employer and started developing robotic household animals that serve as friends and therapy aids to America’s growing elderly population. Arash Arabasadi reports.

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Bookstore in Argentina Becomes Unlikely Tourist Destination

What do you do with a building that is past its prime or no longer being used? Many of them are torn down. But in Buenos Aires, Argentina, a century-old former theater received a new lease on life after it was converted into a bookstore. As we hear from VOA’s Deborah Block, the bookstore has become an unlikely tourist destination.

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Bookstore in Argentina Becomes Unlikely Tourist Destination

What do you do with a building that is past its prime or no longer being used? Many of them are torn down. But in Buenos Aires, Argentina, a century-old former theater received a new lease on life after it was converted into a bookstore. As we hear from VOA’s Deborah Block, the bookstore has become an unlikely tourist destination.

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Massive Bookstore in Portland Thrives in Age of E-Books

Despite e-books and smartphones with reading apps, the book business in the U.S. is enjoying a resurgence. And though internet sales take their toll on bookstores around the country, one store in Portland, Oregon, seems to be operating as usual. Powell’s Books, founded by a family of Ukrainian descent more than 45 years ago, is as popular as ever. Iryna Matviichuk reports from Portland in this story narrated by Anna Rice.

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Massive Bookstore in Portland Thrives in Age of E-Books

Despite e-books and smartphones with reading apps, the book business in the U.S. is enjoying a resurgence. And though internet sales take their toll on bookstores around the country, one store in Portland, Oregon, seems to be operating as usual. Powell’s Books, founded by a family of Ukrainian descent more than 45 years ago, is as popular as ever. Iryna Matviichuk reports from Portland in this story narrated by Anna Rice.

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Breakthrough Made in Treating Ebola Virus

In northeastern Congo, more than 600 people have fallen ill with the Ebola virus, and at least 368 people have died from the disease. It’s been difficult to contain the virus because of conflict in the region, despite medical advances, including a vaccine.

The Democratic Republic of Congo is where Ebola was first discovered in 1976, when the country was called Zaire. The disease was named after the Ebola River where the virus was spreading. Between then and 2013, there was no treatment or a vaccine. The outbreak ran its course in quarantined communities.

Scientists started studying the virus, however, trying to come up with better ways to handle its various deadly strains. They succeeded in producing a vaccine to help end the Ebola epidemic that swept through three West African countries between 2013 and 2016. More than 11,000 people died in that outbreak.

​Treatment found

At that time, treatment for the Zaire strain of Ebola was developed. It was costly to produce and didn’t work on two other lethal strains, the Sudan and Bundibugyo viruses.

But now scientists have found one. Their research produced a drug cocktail called MBP134 that helped monkeys infected with three deadly strains of Ebola recover from the disease.

What’s more, the treatment requires a single intravenous injection.

Thomas Geisbert, Ph.D., led the research at the University of Texas Medical Branch, part of a public-private partnership that also included Mapp Biopharmaceuticals, the U.S. Army Research Institute of Infectious Diseases, and the Public Health Agency of Canada.

​Must treat all strains

In an interview with VOA, Geisbert stressed the need for a treatment that would be effective against all strains of Ebola.

“When an outbreak occurs, we really don’t know which one of those three strains, species, we call them, is the cause of that particular episode,” Geisbert said.

He added that the treatments available have been effective only against the Zaire species, which leaves people infected with the other species unprotected. 

“Our goal was to develop a treatment that would work regardless of the particular strain of Ebola that was causing it,” Geisbert said.

“If I have to make a drug that only works against Zaire, and another drug that only works against Sudan and another drug that only works against the Bundibugyo species, that is extremely expensive,” he added.

Geisbert said the treatment will save valuable time in determining which strain of Ebola is circulating in a particular outbreak. It will save lives because people can be treated immediately, and it will also save money.

No profit

There’s no profit for the pharmaceutical companies that produce the drugs.

“It’s not like you’re making up vaccine for flu where companies [are] going to make a profit. There’s really a small global market for Ebola so it really has to be sponsored by the government,” he said.

In addition to the U.S. Army and the Canadian government, the U.S. National Institutes of Health has supported much of this research.

Geisbert said the work ahead involves tweaking the dose to its lowest possible amount, making it easier to distribute — again to reduce costs — and conducting clinical trials in humans to ensure the treatment is safe and effective.

Geisbert is confident it will work in humans, although he cautioned that in science, nothing is certain.

The treatment may not be ready to help those with Ebola in the Congo outbreak, but the promise is that countries affected by the virus could have the treatment at the ready to stop future Ebola outbreaks.

It also means that should someone with Ebola walk into a hospital outside of Africa, as happened in Texas when a Liberian man sought treatment, the patient can be cured, and health care workers can be protected.

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Breakthrough Made in Treating Ebola Virus

In northeastern Congo, more than 600 people have fallen ill with the Ebola virus, and at least 368 people have died from the disease. It’s been difficult to contain the virus because of conflict in the region, despite medical advances, including a vaccine.

The Democratic Republic of Congo is where Ebola was first discovered in 1976, when the country was called Zaire. The disease was named after the Ebola River where the virus was spreading. Between then and 2013, there was no treatment or a vaccine. The outbreak ran its course in quarantined communities.

Scientists started studying the virus, however, trying to come up with better ways to handle its various deadly strains. They succeeded in producing a vaccine to help end the Ebola epidemic that swept through three West African countries between 2013 and 2016. More than 11,000 people died in that outbreak.

​Treatment found

At that time, treatment for the Zaire strain of Ebola was developed. It was costly to produce and didn’t work on two other lethal strains, the Sudan and Bundibugyo viruses.

But now scientists have found one. Their research produced a drug cocktail called MBP134 that helped monkeys infected with three deadly strains of Ebola recover from the disease.

What’s more, the treatment requires a single intravenous injection.

Thomas Geisbert, Ph.D., led the research at the University of Texas Medical Branch, part of a public-private partnership that also included Mapp Biopharmaceuticals, the U.S. Army Research Institute of Infectious Diseases, and the Public Health Agency of Canada.

​Must treat all strains

In an interview with VOA, Geisbert stressed the need for a treatment that would be effective against all strains of Ebola.

“When an outbreak occurs, we really don’t know which one of those three strains, species, we call them, is the cause of that particular episode,” Geisbert said.

He added that the treatments available have been effective only against the Zaire species, which leaves people infected with the other species unprotected. 

“Our goal was to develop a treatment that would work regardless of the particular strain of Ebola that was causing it,” Geisbert said.

“If I have to make a drug that only works against Zaire, and another drug that only works against Sudan and another drug that only works against the Bundibugyo species, that is extremely expensive,” he added.

Geisbert said the treatment will save valuable time in determining which strain of Ebola is circulating in a particular outbreak. It will save lives because people can be treated immediately, and it will also save money.

No profit

There’s no profit for the pharmaceutical companies that produce the drugs.

“It’s not like you’re making up vaccine for flu where companies [are] going to make a profit. There’s really a small global market for Ebola so it really has to be sponsored by the government,” he said.

In addition to the U.S. Army and the Canadian government, the U.S. National Institutes of Health has supported much of this research.

Geisbert said the work ahead involves tweaking the dose to its lowest possible amount, making it easier to distribute — again to reduce costs — and conducting clinical trials in humans to ensure the treatment is safe and effective.

Geisbert is confident it will work in humans, although he cautioned that in science, nothing is certain.

The treatment may not be ready to help those with Ebola in the Congo outbreak, but the promise is that countries affected by the virus could have the treatment at the ready to stop future Ebola outbreaks.

It also means that should someone with Ebola walk into a hospital outside of Africa, as happened in Texas when a Liberian man sought treatment, the patient can be cured, and health care workers can be protected.

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Zimbabwe Promises New Currency as Dollar Shortage Bites

Zimbabwe will introduce a new currency in the next 12 months, the finance minister said, as a shortage of U.S. dollars has plunged the financial system into disarray and forced businesses to close.

In the past two months, the southern African nation has suffered acute shortages of imported goods, including fuel whose price was increased by 150 percent Saturday.

Zimbabwe abandoned its own currency in 2009 after it was wrecked by hyperinflation and adopted the greenback and other currencies, such as sterling and the South African rand.

But there is not enough hard currency in the country to back up the $10 billion of electronic funds trapped in local bank accounts, prompting demands from businesses and civil servants for cash that can be deposited and used to make payments.

​Two weeks of reserves

Finance Minister Mthuli Ncube told a townhall meeting Friday a new local currency would be introduced in less than 12 months.

“On the issue of raising enough foreign currency to introduce the new currency, we are on our way already, give us months, not years,” he said.

Zimbabwe’s foreign reserves now provide less than two weeks cover for imports, central bank data show. The government has previously said it would only consider launching a new currency if it had at least six months of reserves.

Bad memories of Zimbabwean dollar

Locals are haunted by memories of the Zimbabwean dollar, which became worthless as inflation spiraled to reach 500 billion percent in 2008, the highest rate in the world for a country not at war, wiping out pensions and savings.

A surrogate bond note currency introduced in 2016 to stem dollar shortages has also collapsed in value.

President Emmerson Mnangagwa is under pressure to revive the economy but dollar shortages are undermining efforts to win back foreign investors sidelined under his predecessor Robert Mugabe.

Mnangagwa told reporters Saturday that the price of petrol had increased to $3.31 per liter from $1.32 since midnight but there would be no increase for foreign embassies and tourists paying in cash U.S. dollars.

Locals can pay via local debit cards, mobile phone payments and a surrogate bond note currency.

With less than $400 million in actual cash in Zimbabwe, according to central bank figures, fuel shortages have worsened and companies are struggling to import raw materials and equipment, forcing them to buy greenback notes on the black market at a premium of up to 370 percent.

The Confederation of Zimbabwe Industries has warned some of its members could stop operating at the end of the month because of the dollar crunch.

Cooking oil and soap maker Olivine Industries said Saturday it had suspended production and put workers on indefinite leave because it owed foreign suppliers $11 million.

A local associate of global brewing giant Anheuser-Busch Inbev said this week it would invest more than $120 million of dividends and fees trapped in Zimbabwe into the central bank’s savings bonds.

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Artisans Create Fantastic Ice Sculptures in China

Each January, the city of Harbin in northern China becomes an icy wonderland as it hosts the largest ice and snow festival in the world. In Harbin, temperatures can drop as low as minus 35 degrees Celsius. The annual festival, in its 35th year, draws millions of visitors to activities like hockey, a photography contest and an ice and snow painting exhibition. VOAs Deborah Block tells us about the ice sculpting competition, which features fantastic carvings by artisans from around the world.

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Artisans Create Fantastic Ice Sculptures in China

Each January, the city of Harbin in northern China becomes an icy wonderland as it hosts the largest ice and snow festival in the world. In Harbin, temperatures can drop as low as minus 35 degrees Celsius. The annual festival, in its 35th year, draws millions of visitors to activities like hockey, a photography contest and an ice and snow painting exhibition. VOAs Deborah Block tells us about the ice sculpting competition, which features fantastic carvings by artisans from around the world.

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Foreign-Born Workers Powering Silicon Valley’s Startup Success

Home to Apple, Facebook and Google, Silicon Valley is an American economic powerhouse, producing technology companies with global influence. But behind these influential American brands are scores of foreign workers who play a critical role in the Valley’s tech workforce. Deana Mitchell reports.

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Foreign-Born Workers Powering Silicon Valley’s Startup Success

Home to Apple, Facebook and Google, Silicon Valley is an American economic powerhouse, producing technology companies with global influence. But behind these influential American brands are scores of foreign workers who play a critical role in the Valley’s tech workforce. Deana Mitchell reports.

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British Clinical Trial Begins on Breathalyzer’s Ability to Detect Cancer

Cancer in your esophagus, the tube that runs from your throat to your stomach, is one of the most frequently reported and a leading cause of cancer deaths around the world. Most cases are reported in developing countries. Early esophageal cancer typically causes no symptoms. However, its chemical markers are present in the earliest stage. A new device being tested in England takes advantage of that to allow early detection of esophageal and other types of cancer. Faith Lapidus reports.

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British Clinical Trial Begins on Breathalyzer’s Ability to Detect Cancer

Cancer in your esophagus, the tube that runs from your throat to your stomach, is one of the most frequently reported and a leading cause of cancer deaths around the world. Most cases are reported in developing countries. Early esophageal cancer typically causes no symptoms. However, its chemical markers are present in the earliest stage. A new device being tested in England takes advantage of that to allow early detection of esophageal and other types of cancer. Faith Lapidus reports.

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