By Josh
Horwitz
SHANGHAI (Reuters) - Huawei Technologies has
built up stakes in Chinese semiconductor companies and other tech businesses as
the world’s largest telecoms equipment maker bolsters its supply chain in the
face of pressure from the United States.
Habo Investments, set up by Huawei in April 2019, has closed 17 deals
for stakes in Chinese tech companies since August last year, public records
show.
The investment arm was established in response to what Huawei’s rotating
chairman, Guo Ping, last week described as “suppression” by the United States
after escalating restrictions that have cut off Huawei’s supplies of many
overseas chips and effectively barred it from building its own.
“Since Huawei is only one company, we use investment and technology to
help our supply chain partners become mature,” he said.
The company has emerged as a focal point in deteriorating U.S.-China
relations with President Donald Trump’s administration alleging that its
equipment could be used by Beijing for spying, which the Chinese company has
denied repeatedly.
Huawei’s investment push also coincides with ramped-up government
efforts to boost China’s semiconductor sector, which still lags behind leading
chip producers including the United States, South Korea and Taiwan.
More
https://uk.reuters.com/article/uk-china-huawei-tech-investment/sanctions-hit-huawei-ramps-up-investment-in-chinese-tech-sector-idUKKBN26K092
China’s economic growth to be 2
per cent in 2020 but coronavirus to keep Asia’s growth at lowest since 1967,
World Bank warns ·
Growth in China is expected to come in at 2
per cent this year, boosted by government spending, strong exports and a low
rate of new coronavirus infections
·
The World Bank said the East Asia and the
Pacific region this year is projected to grow by only 0.9 per cent, the lowest
rate since 1967
Published: 11:26am, 29 Sep, 2020
https://www.scmp.com/economy/china-economy/article/3103440/chinas-economic-growth-be-2-cent-2020-coronavirus-keep-asias
Finally,
Wall Street’s finest. Finest, lying, cheating, stealing, banksters that is.
Inside the JPMorgan Trading Desk
the U.S. Called a Crime Ring The U.S. says the precious metals desk at JPMorgan was a
racketeering operation. Now the bank is poised to pay a record penalty for spoofing.
Here’s a look behind eight years of alleged conspiracy
By Tom
Schoenberg September 28, 2020, 9:00
AM GMT+1 Billionaires have Davos. For filmmakers, there’s Sundance. For
the people who mine and trade and ship everything from iron ore to platinum,
there’s London Metal Exchange Week. It’s a blur of symposiums and drinks, with
a reliably lavish lunch thrown by JPMorgan Chase & Co. On a
balmy October day in 2018, hundreds of guests crossed a courtyard in the shadow
of the Bank of England to a medieval guild hall for champagne and sashimi
courtesy of the bank and its top metals trader, Mike Nowak.
Nowak had plenty to celebrate. His global trading desk at
JPMorgan was the powerhouse in futures contracts for gold, silver, platinum and
palladium that account for tens of trillions of dollars in transactions
annually. In his mid-40s, Nowak had run the precious metals desk for more than
a decade. He had a young family, a house outside Manhattan and a seven-bedroom
vacation home a few blocks from the beach in New Jersey.
But that world was unraveling. Unbeknown to Nowak, one
of his former employees was turning on him.
That same day, the sun was barely up in Brooklyn when a
trader named John Edmonds set off for a meeting with federal prosecutors.
Edmonds, who’d worked for years on Nowak’s desk, took a four-hour car trip to
Hartford, Connecticut, where he told authorities that Nowak’s crew wasn’t just
buying and selling precious metals, but systematically cheating to help
themselves and their top clients. Edmonds admitted to fraudulent trades that
day in a sealed guilty plea. Soon, others from the precious metals desk
provided accounts, setting off events leading to criminal charges against Nowak
and four others from the bank.
Testimony by Edmonds and others also underpins a U.S.
Justice Department criminal investigation into the bank
itself that people familiar with the matter say will be resolved in coming
days. They said the bank is expected to pay around $1
billion to settle with the Justice Department and U.S. Commodity Futures
Trading Commission. Among the alleged misdeeds is so-called spoofing,
or planting fake orders into the market to steer others into buying or
selling at prices that favor the bank. In authorities’ years-long crackdown on
spoofing — which has included the conviction
of two former Deutsche Bank metals traders in Chicago late last week
— the expected JPMorgan penalty would be several times the size of
previous settlements.
Read More: JPMorgan Is Set to Pay
$1 Billion in Record Spoofing Penalty
More
https://www.bloomberg.com/news/articles/2020-09-28/inside-the-jpm-precious-metals-desk-called-a-crime-ring-by-prosecutors?srnd=premium-europe
Why did I take up
stealing? To live better, to own things I couldn't afford, to acquire this good
taste that you now enjoy and which I should be very reluctant to give up.
Cary Grant. To Catch A
Thief.
Covid-19 Corner This
section will continue until it becomes unneeded.
Global Deaths Reach 1 Million;
‘New Poor’ Emerge: Virus Update Bloomberg News September
28, 2020, 11:52 PM GMT+1 Updated on September 29, 2020, 5:48 AM GMT+1
Global confirmed deaths hit 1 million as major developed
and emerging economies are struggling to contain the coronavirus almost 10
months after it first emerged.
Health professionals estimate that the real death toll signs
The pandemic is creating a class of “new poor” Key Developments: Global Tracker :
Cases top 33 million; deaths exceed 1 millionWarning signs are flashing ahead of
U.S. winter U.K. dangles threat of tougher
London rules as cases soar Why the True Covid Death Toll May Be Way Over 1
Million Who’s succeeding against the
coronavirus and why: QuickTake https://www.bloomberg.com/news/articles/2020-09-28/trump-warns-of-more-cases-states-get-rapid-tests-virus-update?srnd=coronavirus
Australian firm says its nasal
spray reduced coronavirus growth in animal study September 28,
20202:59 AM
SYDNEY (Reuters) - Australian biotech
company Ena Respiratory said on Monday that a nasal spray it is developing to
improve the human immune system to fight common cold and flu significantly
reduced the growth of the coronavirus in a recent study on animals.
A study on ferrets showed the product dubbed
INNA-051, which could be used complementary to vaccines, lowered the levels of
the virus that causes COVID-19 by up to 96%, the company said. The study was
led by British government agency Public Health England.
Ena Respiratory said it would be ready to
test INNA-051 in human trials in less than four months, subject to successful
toxicity studies and regulatory approval.
The company has raised A$11.7 million ($8.24
million) for the development of the spray. Investors include venture capital
firm Brandon Capital Ltd, the Australian federal government, pension funds and
biotech giant CSL Ltd CSL.AX .
Several companies across the world are in
the pursuit of developing a coronavirus vaccine. Australia has entered into
agreements with some drug companies investing billions to secure potential
vaccines for COVID-19, which has killed over 992,000 people worldwide.
Australia has so far reported 875 deaths and
just over 27,000 coronavirus cases, far less than the numbers reported in other
developed countries.
https://uk.reuters.com/article/us-health-coronavirus-australia-nasalspr/australian-firm-says-its-nasal-spray-reduced-coronavirus-growth-in-animal-study-idUKKBN26J04T?feedType=mktg&feedName=uktechnology&WT.mc_id=Newsletter-UK&utm_source=Sailthru&utm_medium=email&utm_campaign=2018%20Template:%20UK%20TECHNOLOGY%20ROUNDUP%202020-09-28&utm_term=NEW:%20UK%20Technology%20Roundup
Experts warn of 'huge surge' in
COVID-19 cases in fall, winter Sept. 27, 2020 /
3:54 PM / Updated Sept. 27, 2020 at 4:37 PM
Sept. 27 (UPI) -- Experts are predicting a surge in COVID-19 cases in
the fall and winter months as new cases rise while some areas continue to lift
restrictions related to the pandemic.
The University of Washington's Institute for Health Metrics
and Evaluation's model forecasts that daily deaths from the coronavirus could
surge from 765 to 3,000 by late December.
The United States leads the world in cases and deaths,
reporting 7,093,285 cases and 204,606 deaths, according to data
gathered by John's Hopkins University.
IHME Director Dr. Chris Murray said the model shows a "huge surge" beginning in October and
accelerating through the end of the year, warning that the winter surge may
have already begun in Europe.
"Cases are exploding there. So we know it's coming and
we expect it to hit the U.S. pretty soon," he said.
Murray added that changes in behavior due to easing of
coronavirus restrictions and an increase in indoor activities due to cooler
weather are likely to contribute to the surge.
"First, as case counts have come down in some states,
we tend to see that people become less careful, they tend to have more
contact," Murray said. "But then the most important effect is the
seasonality of the virus, that people go indoors, transmission happens
more."
Dr. Anthony Fauci , director of the National Institute of
Allergy and Infectious Diseases, warned U.S. cities and counties to brace for
"the challenge" of fall and winter as the nation averages more than 40,000
cases nationwide.
"You don't want to enter into the fall and winter with
a community spread at that level, because if you do, you got a difficult
situation that's going to be really challenging," he said.
Johns Hopkins data shows that at least 24 states are
reporting an increase in new cases compared to the previous week.
California, which leads the nation in COVID-19 cases with 802,308, reporting
4,071 new cases on Sunday and added 55 new deaths for the third-highest death
toll at 15,587.
Second-place Texas reported 1,292 cases for a total of 735,132 cases and 37 new deaths
for the fourth-highest death toll at 15,522.
Florida reported 1,882 new cases on Sunday bringing its total to 700,564 -- third place in the nation -- and 10
new deaths for the fifth-highest death toll in the country at 13,032 as Gov. Ron
DeSantis signed an executive order Friday transitioning the state into
Phase 3 of reopening allowing restaurants and bars to operate at 100% capacity.
---- New York reported 866 new cases placing it fourth in the nation with 455,626
cases and six new deaths for the nation's highest total at 33,131, including
probable deaths. On Saturday, it reported more than 1,000 cases for the first
time since early June.
New Jersey, which ranks second in the nation in deaths at
16,103 after three new deaths on Sunday, also recorded its highest daily
case numbers since June 4 at 712 for a total of 202,850, ninth in the nation.
https://www.upi.com/Top_News/US/2020/09/27/Experts-warn-of-huge-surge-in-COVID-19-cases-in-fall-winter/4701601226955/
Next, some vaccine links
kindly sent along from a LIR reader in Canada. The links come from a most
informative update from Stanford Hospital in California.
World
Health Organization - Landscape of COVID-19 candidate vaccines . https://www.who.int/publications/m/item/draft-landscape-of-covid-19-candidate-vaccines
NY
Times Coronavirus Vaccine Tracker . https://www.nytimes.com/interactive/2020/science/coronavirus-vaccine-tracker.html
Stanford
Website . https://racetoacure.stanford.edu/clinical-trials/132
Regulatory
Focus COVID-19 vaccine tracker . https://www.raps.org/news-and-articles/news-articles/2020/3/covid-19-vaccine-tracker
Some useful Covid links.
Johns Hopkins Coronavirus
resource centre
https://coronavirus.jhu.edu/map.html
Rt Covid-19
https://rt.live/
Covid19info.live
https://wuflu.live/
London is too full of fogs and serious people. Whether the fogs
produce the serious people, or whether the serious people produce the fogs, I
don't know.
Oscar Wilde
Technology Update.
With events happening
fast in the development of solar power and graphene, I’ve added this section.
Updates as they get reported. Is converting sunlight to usable cheap AC or DC
energy mankind’s future from the 21st century onwards.
Ground testing completed for
Rolls-Royce ACCEL electric aircraft tech By Ben Coxworth
September
25, 2020
Last
year, we heard how Rolls-Royce was developing what it claims will be the
world's fastest electric airplane, the ACCEL .
Now, the company has announced that it has completed ground testing of the
technology that will be used in the aircraft.
To
recap our previous coverage, plans call for the single-seater ACCEL to
incorporate three axial 750R electric motors in its 500-hp powertrain. Power
will be provided by a battery pack consisting of over 6,000 individual cells,
offering a range of 200 mi (320 km) on a single charge.
Rolls-Royce claims that the plane's top speed should be over 300 mph
(480 km/h).
The technology has now been tested in a full-scale replica of the
aircraft's core, called the ionBird. This name pays tribute to the term
"iron bird," which describes the propulsion-testing rigs
traditionally used in the development of conventional aircraft.
The ground testing involved running the propeller up to its full speed
of approximately 2,400 rpm, optimizing the performance of the system, and
gathering data for further analysis.
ACCEL should be making its first flight later this year, with its
attempt at a record-breaking flight scheduled for early next year.
"The completion of ground-testing for the ACCEL
project is a great achievement for the team and is another important step
towards a world record attempt," says Rob Watson, director of Rolls-Royce
Electrical.
The ionBird can be seen in action, in the video below.
Source: Rolls-Royce
https://newatlas.com/aircraft/ground-testing-rolls-royce-accel/?utm_source=New+Atlas+Subscribers&utm_campaign=c29518f69a-EMAIL_CAMPAIGN_2020_09_28_08_16&utm_medium=email&utm_term=0_65b67362bd-c29518f69a-90625829
Call me sceptical
of flight by battery. The plane is forever flying dead weight batteries. The
plane can never burn off the battery weight. There has to be a better
way/weigh.
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