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Author Archives: CT Report

Dairy importers protest against customs’ demand to pay $10 million

HANOI: Dairy producers and importers in Vietnam are ordered to pay tens of millions of dollars in back taxes over an imported milk ingredient. Eight dairy producers and importers in Vietnam have sought the government’s help, claiming that they are unfairly asked by customs to pay around VND1 trillion (US$43.84 million) in back taxes. In a letter sent to the ... Read More »

Toyota unveils S-FR sports car at Tokyo Motor Show

  TOKYO: Back in October, Toyota unveiled the long-awaited S-FR sports car concept at the Tokyo Motor Show. The tiny sports car was designed to compete with the likes of the Mazda MX-5 Miata, and will likely make it to production as a Scion, slotting underneath the existing FR-S in the automaker’s lineup. Now, Toyota has unveiled an updated version—the ... Read More »

Customs fears lack of resources can cost smuggling

WELLINGTON: Customs says a lack of resources means it cannot patrol almost half the highest risk maritime areas for illegal behaviour such as people smuggling and unlawful fishing. In its annual report, the agency says it allocated surveillance resources to 57 percent of those areas, well below the 80 percent target. Labour’s defence spokesman Phil Goff said Customs’ deputy comptroller ... Read More »

Researcher discovered how water escape from Saturn’s environment

WASHINGTON: A researcher has discovered how water ions escape from Saturn’s environment. University of Montana Professor Daniel Reisenfeld is a member of the Cassini research team. Cassini is a NASA-managed probe that studies Saturn. It has been in orbit continuously collecting data since 2004. One of the instruments on Cassini measures the planet’s magnetosphere – the charged particles, known as ... Read More »

Philippines Customs starts campaign against smuggling of Thai sugar

MANILA: Bureau of Customs (BOC) has intensified its campaign against the smuggling of Thai sugar—using China and Hong Kong as transshipment points—which has resulted in revenue loss to the government. This was disclosed to the Inquirer on Thursday by Customs Commissioner Alberto Lina shortly after filing smuggling charges in the Department of Justice against two trading firms for the illegal ... Read More »

MLB revenue rises to $500 million in 2015

NEW YORK: Major League Baseball had a very good financial year in 2015, setting a new revenue record with nearly $9.5 billion. As Maury Brown of Forbes reported Friday, MLB did not release exact figures, but the sport saw a gross revenue increase for the 13th consecutive year with an uptick of $500 million from the previous year. Brown cited ... Read More »

Microsoft earn amini-victory against Apple in tablet war

LONDON: Apple is leading overall online tablet sales for the previous 12 months ending in October. But for the first time, Microsoft and its rival devices have earned a mini-victory. Microsoft’s tablets, including the Surface Pro 4 and Surface Book laptop-tablet hybrid, had a 45% share of U.S. online tablet sales in October compared with 17% for Apple, according to ... Read More »

NASA delay launch of commercial cargo ship to ISS

WASHINGTON: Bad weather has forced the US space agency NASA to delay the launch of a commercial cargo ship to the International Space Station (ISS) for the second time. The lift-off of Orbital ATK’s Cygnus spacecraft from Florida’s Cape Canaveral Air Force Station on Friday was postponed “because of wind gusts that exceeded the weather criteria for launching,” Xinhua quoted ... Read More »

Rocket League coming to Xbox One next year

LONDON: The PlayStation 4 and PC favorite Rocket League is finding its way to the Xbox One early next year, bringing Xbox players all the chaotic fun of soccer played with cars. Psyonix revealed during The Game Awards that Rocket League will arrive on the Xbox One in February 2016 for $19.99. Players will pick up the original game, along ... Read More »

Researchers figured out how to store electricity in ‘paper’

FRANCE: Researchers at LinköpingUniversity’s Laboratory of Organic Electronics, Sweden, have developed what they call “power paper” – a new material that consists of nanocellulose and conductive polymer, capable of storing energy. One sheet of power paper is 15 cm in diameter, a few tenths of a millimeter thick, and capable of storing as much as 1 farad, similar to that ... Read More »

Sun “super flare” could destroy all Earth’s energy systems

MEXICO: It lights up our days, keeps us warm and even powers the legions of solar energy panels across the globe. But as well as playing a pivotal role in keeping us alive, the latest scientific research also suggests that the sun could be the downfall of our communication and energy systems. A recent study from the University of Warwick ... Read More »

Herpes viruses can infect human neurons, study

HONG KONG: For years, researchers have noted a tantalizing link between some neurologic conditions and certain species of the herpes virus. In patients with Alzheimer’s disease, multiple sclerosis, and cerebellar ataxia, among other neuropathies, the cerebrospinal fluid teems with Epstein-Barr virus (EBV). Yet, the nature of that link has remained unclear, as it has been assumed that EBV, as well ... Read More »

Indian gov’t seized smuggled gold, jewellery worth Rs 429.84 crore in 2015

NEW DELHI: Gold smuggling through airports increased in three years to 2014-15 and the government seized Rs 429.84 crore precious metal till mid-November this fiscal at different aerodromes in the country, Parliament was informed today. “There has been an increase in gold smuggling through airports in the period 2012-13 to 2014-15. Seized and confiscated gold is sold through auction and ... Read More »

Albanian PPI falls by 3% in Q3

TIRANA: Producer price index (PPI) in Albania dropped by 3 percent in the third quarter of 2015, Albanian National Institute of Statistics (INSTAT) said on Friday. INSTAT said in its latest quarterly report that producer prices in mining and quarrying industry decreased by 13.9 percent, with prices of products on extraction of crude petroleum and natural gas falling by 19.4 ... Read More »

US posts 211,000 more jobs in Nov

WASHINGTON: The U.S. posted 211,000 more jobs in November, in line with market expectation and cementing the outlook of an interest rate rise this month. The total nonfarm payroll employment increased by 211,000 in November, and the unemployment rate remained at 5 percent, data from the Labor Department showed on Friday. The Labor Department revised up previous two months’ job ... Read More »

China pledges $60b of funding support to Africa

BEIJING: President Xi Jinping has announced assistance and loans totaling $60 billion for Africa to help the continent address its top three difficulties: infrastructure, talent and funding. At the opening ceremony on Friday of the Forum on China-Africa Cooperation Summit, Xi said the funding plan was announced to ensure that China rolls out 10 concrete plans for cooperation in the ... Read More »

Chinese steelmakers suffer loss of $2.3bn in Oct

BEIJING: Losses continued to mount for steelmakers in China during October, as the sector, once the mainstay of economic growth, reeled from overcapacity and waning demand. Large and medium-sized iron and steel smelters posted combined losses of 14.8 billion yuan ($2.3 billion) in October, down 27.8 percent from the levels in September, according to a report in the Beijing-based Economic ... Read More »

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