Building | Common News Update

Feb22021 by adminNo Comments

Amazon unveils Helix building as centrepiece of new campus – some compare it to poop emoji

Technology

Amazon has unveiled a 350-foot, 22-story Helix building for its new campus to a mixed reception, with some cheekily comparing it to the poop emoji.According to NBBJ, the architectural firm behind the building's design, its helix shape is meant to echo the occurrence of helixes in nature - from the double-helix of DNA through to the structure of the Milky Way. Amazon says the building - to be built at a campus in Arlington, Virginia - won't be a typical office space, unlike the many other far more bland structures in the renderings. Instead it will be somewhere for staff to explore their own minds outside of the confines of their cubicles. Image: The 22-storey Helix building. Pic: NBBJ The structure is ringed by a green belt of trees a...

Nov212020 by adminNo Comments

Protesters burn part of Guatemala’s Congress building

World

Hundreds of protesters have broken into Guatemala’s Congress and burned part of the building amid growing demonstrations against President Alejandro Giammattei and the legislature for approving a budget that cut educational and health spendingByThe Associated PressNovember 21, 2020, 10:06 PM• 1 min readShare to FacebookShare to TwitterEmail this articleGUATEMALA CITY -- Hundreds of protesters broke into Guatemala's Congress and burned part of the building Saturday amid growing demonstrations against President Alejandro Giammattei and the legislature for approving a budget that cut educational and health spending.The protest came as about 7,000 people were demonstrating in front of the National Palace in Guatemala City against the budget, which protesters say was negotiated and passed by le...

Sep212020 by adminNo Comments

GE: Industrial giant will stop building coal-fired power plants

Business

In a dramatic reversal, one of the world's biggest makers of coal-fired power plants is to exit the market and focus on greener alternatives.US industrial giant General Electric said it would shut or sell sites as it prioritised its renewable energy and power generation businesses.It comes ahead of a US Presidential election in which the candidates hold starkly different views on coal.NGO the Natural Resources Defense Council said the move was "about time".GE has said in the past it would focus less on fossil fuels, reflecting the growing acceptance of cleaner energy sources in US power grids.But just five years ago, it struck its biggest ever deal - paying almost £10bn for a business that produced coal-fuelled turbines. 'Attractive economics'In a stateme...

Sep122020 by adminNo Comments

Building capital buffers, managing liquidity crucial for MFIs: RBI article

Finance

MUMBAI: As COVID-19 is likely to pose financial risks for microfinance institutions (MFIs), there is a need to build capital buffers and manage cash positions for micro lenders to protect their balance sheets from any disruptions, according to an article published in RBI's monthly bulletin. The article, prepared by Snimardeep Singh of Department of Supervision, Reserve Bank of India, said though COVID-19 presents new challenges and significant financial risks for the microfinance sector, it also presents an opportunity to build long-term resilience. "Going forward, building capital buffers and managing liquidity would be crucial for MFIs in fortifying their balance sheets against COVID-19 led disruptions," it said. The article termed COVID-19 as the biggest tail risk event in a long time. ...

Jun152020 by adminNo Comments

Russian President Vladimir Putin: Russia is building defenses against hypersonic missiles

Business

June 15 (UPI) -- Russian President Vladimir Putin said Russia leads the world in hypersonic weapons research and will have defense systems to counteract opponents' weapons. The United States and China have begun hypersonic missile programs, building nuclear-equipped armaments capable of traveling up to 5,000 mph in a flat trajectory, indicating that defenders have less time to react. Advertisement Russia has tested similar missiles and appears to have deployed one, the Avangard cruise missile, into service. It also rolled out a radar station designed to simultaneously track over 1,000 incoming objects, including hypersonic missiles. In a television interview on Sunday, Putin said that by the time foreign missiles are operational, Russia will have all its required defenses. "They [hyperson...