Ford Motor Co said on Wednesday it really is joining with 2 top U.S. colleges with launch analysis into automatic driving technologies.
The automaker said it will work with Stanford University and the Massachusetts Institute of Technology (MIT) found on the “technical challenges” facing independent cars, that employ automated systems with take over several driving features.
Mark Fields, Ford’s chief operating officer, made the announcement at the starting of the yearly Washington Car Show, where the business showed off its automatic Ford Fusion Hybrid analysis vehicle.
“In the long term, we see a future of connected cars that correspond with every different plus with all the planet about those to improve protection, decrease traffic congestion plus achieve main ecological advantages,” Fields mentioned. “It is probably with bring totally independent navigation plus parking.”The research car, Fields said, can operate on its own with the guidance of the driver. Loaded with development which operates much like a bat or dolphin utilizing sound surf, the vehicle can sense moving items including pedestrians, vehicles plus animals.Ford said the MIT research will focus on ways to predict the actions of additional cars plus pedestrians, that allow with car with program a secure path avoiding those items.The Stanford research will explore how a vehicle might maneuver with let sensors with “see” about obstructions.
The research is aimed at providing the vehicle with human-like good sense found on the road with create driving safer.”Drivers are good at using the cues around them to predict what can encounter upcoming plus they recognize which what we can’t view is usually because significant because what you are able to view. Our objective inside using MIT plus Stanford is with bring a synonymous kind of intuition with the car,” mentioned Greg Stevens, Ford’s worldwide manager for analysis inside driver help plus active protection.The company did not disclose how much money it is spending the analysis.Ford predicts that fully automated driving, alternative fuel cars plus vehicle-to-vehicle communications is a big element of transportation’s future, plus mentioned it’s investing inside technologies, company models plus partnerships with arrive by 2025.”Our goal is to offer a level of technology in which a driver continues to be inside control plus nevertheless capable to relish the driving experience, in a greater, safer plus better method,” Fields said.Ford shares were up 0.7 percent at $16.53 in afternoon trading found on the NY Stock Exchange.
Rosneft has said interested in increasing its stake in refinery Belarus wants to sell the plant as part of a wider privatisation (Changes finding, adds quotation, details)MINSK, Dec 20 – Belarus has offered Rosneft a choice to improve its stake inside the Mozyr oil refinery if the Russian state-controlled oil manufacturer doubles output at the plant, a Belarus deputy prime minister mentioned about Friday.Slavneft, a joint venture between Rosneft and Gazprom Neft , absolutely owns 42 % inside Mozyr, that is 1 of 2 big refineries inside Belarus. The sleep is managed by the Belarus government.
Belarus plans to raise $4.5 billion from privatisation next year, including the sale of the Mozyr refinery, up from $3 million last year plus only below $1 million inside the initially half of this year.The country is facing peak payments on its international debt – that stands at $12 million – inside 2013-2014, whilst its commercial manufacturing is dropping plus financial development has slowed.”We made an offer to Rosneft. One of the conditions for privatisation is to improve oil refining with 20 billion tonnes (a year) by 2020,” Pyotr Prokopovich told the neighborhood parliament.Mozyr’s annual capacity is 11 million tonnes (220,000 barrels per day).The head of Rosneft, Igor Sechin, has emerged as a surprising ally of Belarus President Alexander Lukashenko following a spat between Moscow plus Minsk over potash company earlier this year.
He has said that Rosneft is willing to increase oil flows to Belarus, where Russian raw oil is shipped duty-free because of a prevalent custom union with Moscow. (Reporting by Andrei Makhovsky; composing by Vladimir Soldatkin; modifying by Megan Davies plus Jane Merriman)
U.S. Supreme Court justices appeared with battle on Wednesday because they considered how much defendants convicted of possessing pictures of child pornography need to pay inside restitution with victims.Advocates for crime victims say there has been an explosion inside the distribution of child pornography because the Internet prepared it far easier with exchange online pictures.The change in distribution model, which means the same image might have been viewed thousands of occasions, has built a issue for judges striving with assess how much restitution every defendant could pay.
Questions posed by the justices seemed to suggest they agreed all defendants convicted of having a copy of the same image could owe anything with the victim, however they appeared uncertain how with determine how much every defendant ought to be ordered with pay.
The court’s ruling would not affect the total amount of revenue which victims could claim inside restitution from numerous defendants yet it may imply which certain defendants end up paying less plus others more.The case concerns efforts by a victim, named only as Amy, to find restitution from Doyle Paroline of Brownsboro, Texas, whom was convicted of having child pornography which included 2 photos of Amy. Amy’s case is regarded as many about the nation in which victims are looking restitution from numerous defendants that have obtained pictures online.Amy is seeking $3.4 million in total from different defendants. The quantity is dependent inside element found on the life expense of emotional guidance plus lost earnings.$1.75 MILLIONCourt papers said more than 150 courts have awarded Amy restitution however, Paroline’s is the particular 1 prior to the Supreme Court. Amy thus far has gathered about $1.75 billion, her attorney, Paul Cassell, told the courtroom about Wednesday.Cassell argued that Paroline is liable for the full amount of her injury, when Paroline claims he must just be liable for his individual part.Throughout the one-hour oral argument, the justices seemed keen to obtain some sort of center ground which might permit defendants with pay the proportion of restitution which demonstrates their individual crime.Several justices pointed out that, under Paroline’s analysis, defendants inside instances involving pictures distributed online might pay small, when any, restitution.”The woman has undergone serious psychological harm because of her knowledge there are thousands of individuals available viewing her rape,” Justice Antonin Scalia told Paroline’s attorney, Stanley Schneider. “Why isn’t the customer at minimum responsible for a few of which?”
But the justices also appeared troubled by the argument provided by Cassell, whom mentioned which Amy ought to be capable to find the $3.4 billion from every defendant till she recovers it all plus it doesn’t matter when 1 pays over another.”You are not claiming – or are you – that she’s been victimized with the track of $3.4 billion because a outcome of the specific defendant’s offense?” Justice Elena Kagan asked Cassell.
Amy was sexually abused by an uncle starting in 1997 when she was 8 years of age. The uncle prepared photos of the misuse which have been generally distributed found on the Internet, that is where Paroline acquired them. Cassell told the courtroom which an estimated 70,000 folks had viewed the photos.A federal court initially denied Amy any restitution in Paroline’s case nevertheless an appeals courtroom mentioned restitution of the whole amount of the reduction was necessary.A ruling is due by the end of June. The case is Paroline v. United States, U.S. Supreme Court, 12-8561. (Reporting by Lawrence Hurley; Editing by Howard Goller plus Rosalind Russell)
Bank of Japan Governor Haruhiko Kuroda mentioned about Friday there was clearly no change with the see which Japan usually continuously head towards the central bank’s 2 % expansion target despite an expected fluctuation inside the economy due with upcoming year’s sales taxes walk.As widely expected, the BOJ kept monetary policy steady on Friday plus maintained its see which the economy is recovering reasonably, encouraged by signs which the advantages of the huge stimulus administered because April were spreading by broader fields.
Following are highlights of Kuroda’s comments from his press conference:
OUTLOOK FOR PRICES
“We expect Japan’s consumer inflation to slightly exceed 1 % by year end.”"Economic growth may slump in the second quarter (of next year), however, that’s inside response with improved need inside the run-up with the sales duty rise. Taken together, they offset every additional.”"There’s no change to our view that Japan will steadily make progress towards achieving the BOJ’s 2 % expansion target, albeit with certain fluctuations.”SALES TAX INCREASE”We need to monitor how much frontloading of demand there is prior to the sales duty walk and just how much need falls instantly after which.”
“There has already been some frontloading in the housing marketplace, however, the pullback is less big because it was inside 1997 (whenever Japan last raised the sales taxes.)”There are some signs purchases of durable goods are being brought ahead. For non-durables, we’ll not recognize till the last minute.”"I don’t see the sales tax hike as a big problem for the economy.”U.S. FEDERAL RESERVE
“We’ll carefully watch the impact of the Fed’s monetary plan about financial markets, and found on the worldwide plus Japanese economies.”"The Fed’s tapering of its asset purchases is basically considering the U.S. financial healing is proceeding perfectly.”
CURRENCY MOVES”Frankly speaking, the correction of excessive yen strength has had a positive impact on Japan’s economy. Corporate earnings have risen plus sentiment has improved.”However, our monetary policy is aimed clearly at achieving 2 % expansion at the earliest potential time, with a two-year timeframe in your mind. Our plan is not targeted at the currency marketplace.”ASSET PURCHASES
“Compared to the current fiscal year, I do not expect a big change inside the rate of monthly government debt purchases about fiscal 2014.” (Reporting by Stanley White plus Leika Kihara; Editing by Simon Cameron-Moore)
Top Kenyan athletes may consider defecting to other countries if the east African nation goes ahead with plans to tax athletes’ earnings, they said on Wednesday.Speaking to reporters in the North Rift Valley athletics hub Eldoret, Wesley Korir, who won the Boston City Marathon in 2012, and is now a legislator, led a group of athletes who are furious with the Kenya Revenue Authority’s (KRA) plan.”If this matter goes on like this, I will defect to another country which will appreciate my effort,” said twice Berlin Marathon winner Florence Kiplagat.KRA said in a statement that athletes should pay taxes like other taxpayers.
“We are taxed abroad. Then we invest our remaining earnings here although the Government does nothing to support us. We work hard to give this nation a positive image abroad yet we get nothing in return. I can chose to change my nationality now,” said Kiplagat.”We would rather invest in other countries that appreciate our effort than in a country where our earnings from our sweat is taxed,” the former Boston Marathon champion said.Korir noted that majority of the athletes are civil servants and have invested heavily in real estate and other businesses, which attract taxation, saying a further taxation would be double blow for the development of athletes.
The MP stated that the oil-rich countries pay handsomely for gold medals won in competitions yet Kenya’s tax collector wants to find ways of making money from the athletes’ earnings.
“Qatar pays her gold medallists 100 million Kenyan shillings ($1.17 million) while this country is trying to devise ways of fleecing the athletes of their hard-earned money,” a furious Korir said.He said that, contrary to common belief, they earn huge sums of money but pocket only 15 per cent of their winnings.
“The breakdown for taxation and deductions is as follows: 30 to 35 per cent for the country of origin, 15 per cent for the agent, 10 per cent for the manager, and now the KRA wants to add salt to injury by slapping a 30 per cent tax of that amount,” he said. “That is exploiting us.”KRA spokesperson Maureen Njongo said they would ensure athletes do not pay the same taxes in two countries.”Sportsmen should furnish us with details of their taxation abroad to be factored in our records,” said Njongo.Twice world 1,500m champion Asbel Kiprop said the taxation plan would spell doom for the already impoverished athletes.”Athletes live in debt and pay so many bills to those who make them run, including air ticket refunds that if the taxation plan is implemented, it will kill the sport,” he said. ($1 = 85.7500 Kenyan shillings) (Editing by Duncan Miriri and Ed Osmond)
The European Commission said on Friday which Standard & Poor’s was incorrect with cut the European Union’s credit score with AA+ from AAA because the 28 associate states’ dedication with running a balanced EU budget was underpinned by treaty.S&P downgraded the EU for the first time on Friday, citing increasing tensions about budget negotiations. The move follows cuts with the sovereign reviews of EU associate states inside latest months.
EU Economic and Monetary Affairs Commissioner Olli Rehn said inside a statement: “The Commission disagrees with S&P which associate states’ responsibilities with the budget inside a strain situation are suspect. All associate states have constantly, and throughout the financial crisis, offered their expected contributions with the budget inside whole plus inside time.”
Jan 22 – In a bid to grow amateur golf in South and Central America, the sport’s governing bodies and organisers of the Masters tournament have created a new event, the Latin America Amateur Championship (LAAC), to be launched next year.
The inaugural edition will be played from Jan. 15-18 at Pilar Golf Club on the outskirts of Buenos Aires in Argentina where the winner will earn an automatic invitation to take part in the Masters three months later.Both the tournament winner and the runner-up will also be exempt into the final stages of qualifying for the 2015 British Open and U.S. Open, organisers said on Wednesday at the official launch of the LAAC in downtown Buenos Aires.
The organising bodies hope the event will help stimulate the game’s development in the region and unearth top players in much the same way that the Asia-Pacific Amateur Championship has been able to do so effectively since its inception in 2009.Japan’s Hideki Matsuyama, Asia-Pacific Amateur Championship winner in 2010 and 2011, and Chinese teenager Tianlang Guan, who won the title aged just 14 in 2012, have already emerged as genuine talents at golf’s highest level.”Supporting the game’s continuous growth has been a responsibility taken very seriously throughout the 260-year history of the R&A,” Royal and Ancient (R&A) chief executive Peter Dawson said in a statement.”Having been involved in this region of the world for many years, we understand the potential impact a championship of this stature can have on golfers with dreams of competing at the highest level.”We are once again delighted to embark on such a worthwhile opportunity with both the Masters and the USGA (United States Golf Association).”Since winning the Asian Amateur title in 2010 and 2011 to qualify for the Masters the following years and make the cut at Augusta on both occasions, Matsuyama has established himself as one of the leading players in the professional game.
He became the first rookie to lead the Japan Tour’s money list after winning his fifth tournament on the circuit at the Casio World Open in December, and recorded top-10s at both the U.S. Open and British Open earlier in 2013.CELEBRATED COMPATRIOTNow aged 21, Matsuyama has climbed to 24th in the world rankings and many pundits expect him to enjoy a more successful career than his celebrated compatriot Ryo Ishikawa.Guan last year became the youngest competitor ever at the Masters and commanded much of the spotlight that week with his poise, demeanour and superb short game as he became, at 14, the youngest player to make the cut at a major championship.Billy Payne, chairman of Augusta National Golf Club and the Masters tournament, said he believed the LAAC would motivate current and future generations of golfers and “create heroes” who would inspire others to take up the game.”This belief has guided us well through the early successes of the Asia-Pacific Amateur Championship,” Payne added.
“With the collective expertise in guiding the game of golf provided by the R&A and the USGA, we are hopeful in achieving equally exciting results.”Golf, which last featured at an Olympics in 1904, will be returning at the Rio de Janeiro Games in two years’ time but Dawson said this was simply “a coincidence” and not part of the “planned intent” when the LAAC was created.”This is a wonderful happenstance that we are starting this new championship at a time when golf is returning to the Olympics, and returning to the Olympics in Brazil,” Dawson said on a conference call.”It’s going to be a double boost for golf in this region of the world to have the Olympics on the one hand and then this championship continuing thereafter. But I don’t think I could say that the two are directly connected.”The inaugural LAAC will feature a 120-player field comprising the top male amateurs – based on the world amateur rankings – in South America, Central America, Mexico and the Caribbean.It will be played in a strokeplay format over 72 holes, with the leading 60 players and ties qualifying for the last two rounds. (Reporting by Mark Lamport-Stokes in Los Angeles; Editing by Pritha Sarkar)
Some 60 pct of France’s refining capacity hit by strike Fuel shortages for motorists still weeks away – UFIP Supply situation in Europe ample – analysts (Adds details, background)PARIS, Dec 20 – A strike at four of Total’s five refineries entered its 8th day about Friday, hitting 60 pct of France’s refining capability, inside a dispute over wages.
The refining sector in Europe has already been hit by lower need due with the financial slowdown, plus oversupply of processed gas has moreover hit the margins of providers like Total – Europe’s biggest – forcing plant closures.”The action continues, it is firmly established,” an official for the CGT union mentioned. “Talks are being held inside every refinery yet not with administration at the group’s headquarters.”
French oil lobby UFIP has said that while logistics were fast inside certain regions inside the north of Paris, provide disruptions for motorists were nonetheless days away. A Total spokeswoman equally mentioned about Friday there was clearly no risk of provide interruption inside France.The last significant labour dispute at Total was caused by the closure of the Dunkirk refinery inside 2010, prompting a five-week extended strike which disrupted oil goods provide over Europe.
But ample gasoline and diesel production from France’s neighbours, plus working oil import ports plus storage websites indicate the strikes are improbable with confirm because disruptive this time, analysts plus traders mentioned.France imports half of its diesel, a fuel used by 60 percent of French motorists. French refineries were tailored with create primarily gasoline.The striking refineries include the 339,000 barrels per day (bpd) Gonfreville, the 230,000 bpd Donges, the 155,000 bpd La Mede as well as the 119,000 bpd Feyzin vegetation.Production units at Donges were gradually shutting down following certain employees went back about strike when units inside the different refineries were completely shut. (Reporting by Michel Rose, enhancing by Muriel Boselli plus William Hardy)
Awarding double points for the final Formula One race of the season is a ‘fake fix’ for pressing problems the sport must address, according to Caterham team owner Tony Fernandes.The Malaysian, who also owns English second tier soccer club Queens Park Rangers, said Formula One needed to act so the performance gap between teams could be reduced and all could have a chance.Caterham finished last overall in 2013 and have yet to score a point in four seasons that have seen Red Bull and Germany’s Sebastian Vettel rack up four successive championships.
The sport has made a controversial rule change to award double points, 50 for the winner instead of the usual 25, for the last race in Abu Dhabi in a bid to keep the title outcome open right to the end.
Despite overwhelming opposition from fans on social media, and Vettel describing the move as ‘absurd’, teams appear unlikely to overturn it.
“The double points is a fake fix,” Fernandes told reporters at a media event at the Caterham factory in central England. “What’s better is to solve the issue and make the racing more compact.”So that Sauber…or a Force India could make an upset. That’s what people like to see, that’s what people come to watch and that’s what’s missing in Formula One,” he added.”We spend all this money and time on engines, KERS whatever. But the gap between the haves and have-nots has made racing boring.”Fernandes, who has spoken out previously about the need for a cost cap that the governing FIA wants to introduce in 2015, said something had to be done to reduce expenditure and increase excitement.”Football’s way ahead, with the financial fair play,” he declared. “Look at this transfer window. There’s not that much craziness going around.”The Malaysian, who also runs the AirAsia budget airline, said Formula One teams were struggling and the sport needed to “get its act together” regardless of who was in charge.”Everyone’s just worried about whether they can be two tenths of a second faster than others and everyone is trying to screw each other. And now we are all in a mess. Because you can’t have Formula One with four teams.”I haven’t seen a consensus on anything in my four years,” he added. “Formula One needs to change its financial structure.”
Fernandes said the legal problems surrounding Formula One’s commercial supremo Bernie Ecclestone, with an impending bribery trial in Germany seeing the 83-year-old step down from the board, could be a catalyst for change.However, he refused to pin any blame on the Briton.”If you want to get your house in order…that starts with the teams,” said Fernandes.
“American sports run themselves much better than we do in Europe and there are lots of great models there…you generally see American sports teams increasing in value.” (Reporting by Alan Baldwin, editing by Pritha Sarkar)
EU keeps open the offer of free trade deal with Ukraine
Questions raised about ability to work with Yanukovich Leaders dismiss any suggestion of “bidding war” with RussiaEuropean Union leaders said on Friday the doorway with a closer partnership with Ukraine stayed open however, not really for the active Ukrainian leadership, that selected a bailout from Russia inside choice with a trade deal with Brussels.At a summit in Brussels, EU leaders held a post mortem on Ukrainian President Viktor Yanukovich’s last-minute U-turn, dashing the bloc’s ambition with draw a large east neighbour into its orbit by providing a trade plus help pact with the previous Soviet republic.”Europe is open for Ukrainian people but not necessarily for this government. That’s the message,” mentioned Lithuanian President Dalia Grybauskaite, which hosted a summit inside Vilnius last month at that Yanukovich spurned an organization agreement with all the EU.Grybauskaite’s comments to reporters reflected ambiguity in the 28-nation bloc regarding whether to provide Ukraine the best prospect of EU accession or just an financial partnership which might stop brief of membership rights.”Europe is open to the Ukrainian people, and any time the Ukrainian state is prepared, with all conditionalities, with join the European Union inside the long run, or with signal an organization treaty, we are going to be open for it,” she mentioned.While former communist countries that have joined the EU see Ukraine because a prospect for membership inside the extended run, several west European states, including France plus Germany, have suffered growing enhancement tiredness because the bloc has extended eastwards. To them, any membership dedication with Ukraine goes too far.Ukrainian officials and diplomats in Kiev said fierce Russian financial stress as well as the unwillingness of the EU plus the International Monetary Fund to provide more help plus be more flexible motivated Yanukovich to alter his notice.
EU officials made the choice harder for Yanukovich by insisting he free his largest political rival, past Prime Minister Yulia Tymoshenko, with go overseas for health care.Brussels has also sent mixed signals about the amount of aid Ukraine stood with acquire – between 600 billion euros plus as much as 19 million euros over 7 years. However there was clearly no touch of introspection inside EU leaders’ public comments about Friday.
The Ukrainian leader reached a deal with Russian President Vladimir Putin this week about a $15 million bailout along with a big cut inside the expense of Russian fuel provides with Kiev.It is not clear what Moscow gained in return, beyond the reassurance of preventing the EU’s geopolitical outreach with a nation it regards because the cradle of its obtain country. Yanukovich prepared no dedication with join a Russian-dominated traditions union.The Ukrainian leader, whose Party of Regions is strongest in the east Russian-speaking piece of the nation, additionally had with juggle his obtain political survival plus the financial interests of his family plus oligarch supporters.Other EU leaders made clear they want to continue working towards a free trade agreement beneath that Kiev might follow several of Brussels’ single marketplace rules, even so they denied calls from Yanukovich’s government to provide more financial aid.”This is not a question of money,” Finnish Prime Minister Jyrki Katainen mentioned. “Signing an organization agreement is a value choice plus you cannot purchase any nations for the European Union.”
“We of course are ready to invite Ukraine to (move) closer with the European Union plus it’s about the Ukrainian persons what do they really want,” Katainen mentioned. “Needless to say you wish which individuals can create a fair plus well-defined choice themselves.”
Hundreds of thousands of Ukrainians have demonstrated in sub-zero temperatures from the snub with the EU, phoning for closer connections with all the riches European bloc that they associate with democracy, human rights plus cleaner government.
Luxembourg Prime Minister Xavier Bettel said the EU should keep Ukrainians’ hopes live without joining a bidding fight.”We’re not carpet traders where it’s a question who is bidding more,” he mentioned. “It’s not regarding that has the many.” (More reporting by Robert-Jan Bartunek plus Adrian Croft; Writing by Paul Taylor; modifying by Luke Baker)
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