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Tag: rescue

Northrop’s ‘life extension’ spacecraft heads to the rescue

Northrop’s ‘life extension’ spacecraft heads to the rescue

Science
Sept. 11 (UPI) -- A second spacecraft designed by Northrop Grumman to extend the life of satellites in orbit is headed toward a rescue some 22,200 miles above Earth. The spacecraft is part of Northrop's new in-orbit services. Analysts and observers predict such services will grow into a multibillion-dollar market over the next 10 years. Advertisement Northrop is the first commercial service to enable private space companies to extend the life of large, expensive satellites past their life expectancy as designed. "Satellite operators have few options when a satellite is aging, and they are all expensive [options]," said Joe Anderson, a vice president with Northrop subsidiary SpaceLogistics based in Dulles, Va. The company's rescue satellite, Mission Extension Vehicle-2, or MEV-2, was laun...
Virgin Atlantic races to land First Data rescue backing

Virgin Atlantic races to land First Data rescue backing

Business
Sir Richard Branson's Virgin Atlantic Airways is this weekend racing to secure the backing of a giant American payments group for a £1bn rescue deal that would save thousands of British aviation jobs.Sky News has learnt that First Data, a subsidiary of Nasdaq-listed Fiserv, has in recent days demanded stringent terms in return for its endorsement of a refinancing of the UK-based airline. Sources said on Saturday that Shai Weiss, Virgin Atlantic's chief executive, was trying to moderate First Data's demands that it holds on to all the cash generated by future bookings to protect itself against the risk of the carrier's collapse.Tens of millions of pounds of customer payments are understood to be at the centre of the talks.One insider said Virgin Atlantic was hopeful of reaching an agreement
Help needed to rescue UK’s old rainfall records

Help needed to rescue UK’s old rainfall records

Science
At a loss to know what to do with your self-isolation time?Well, why not get on the computer and help with a giant weather digitisation effort? The UK has rainfall records dating back 200 years or so, but the vast majority of these are in handwritten form and can't easily be used to analyse past periods of flooding and drought. The Rainfall Rescue Project is seeking volunteers to transfer all the data into online spreadsheets.You're not required to rummage through old bound volumes; the Met Office has already scanned the necessary documents - all 65,000 sheets.You simply have to visit a website, read the scribbled rainfall amounts and enter the numbers into a series of boxes."If you do just a couple of minutes every now and then ...
Depositors staying put is now key to India’s biggest bank rescue

Depositors staying put is now key to India’s biggest bank rescue

Finance
By Suvashree GhoshDepositors will judge this week whether India has staved off another threat to banking sector stability when curbs on withdrawals from a recently-seized private lender are lifted. Yes Bank Ltd. was taken over by the regulator earlier this month and has since had eight state-backed and other lenders pledge capital infusions in a one-of-a-kind rescue aimed at restoring confidence in what till recently was India’s fourth-biggest private bank. Results over the weekend showed how dire the situation had become. Yes Bank reported nearly a fifth of its loan book had turned bad and deposits shrank 34% in just over five months. Provisioning for soured debt eroded the bank’s core capital ratio to 0.6% in the three months ended December, well below a regulatory minimum. Bloomberg No
Global rescue plan for nature ‘overlooks genetic diversity’

Global rescue plan for nature ‘overlooks genetic diversity’

Science
A global plan to halt the loss of nature is "weak" in one key area, say scientists.The new 10-year strategy to stop extinction must aim to protect the gene pools of all life on earth, according to conservation experts.The action agenda must explicitly refer to the genetic diversity of all species not just those regarded as of value to humans, they say.New targets will be agreed at October's Convention on Biological Diversity.The first draft of the biodiversity plan, published in January, does not go far enough to protect the genetics of wild animals and plants, say 20 international researchers in a letter to the journal, Science.They say the goal suggested for genetic diversity is "weak" and does not explicitly state that minimis...