News That Matters

Tag: system

U.S., Israel test Arrow 3 missile system

U.S., Israel test Arrow 3 missile system

Business
Feb. 20 (UPI) -- The United States and Israel successfully tested the Arrow 3 weapons system to defend against ballistic missiles.Israel Aerospace Industries, in collaboration with the Israeli air force and the United States' Missile Defense Agency, conducted the test at 2:30 a.m. Monday at an unidentified site in central Israel, the U.S. Defense Department said in a release.The Israeli Ministry of Defense confirmed the test, posting on Twitter that the exercise "designed to defend against ballistic missile threats outside the atmosphere."Two previous test attempts were called off. In January, a communications glitch resulted in a data transfer problem. Previously, in December, a test was canceled because safety concerns arose when the Anchor-type target missile -- which was fired from a j...
How PNB scam exposes the biggest flaws in the Indian banking system

How PNB scam exposes the biggest flaws in the Indian banking system

Finance
KOLKATA: Amid the blame game between Punjab National Bank (PNB) and other affected lenders in the Rs 11,300-crore scam, the elaborate web of deception has served to expose the biggest flaws in the Indian banking system – weak risk management practices and glaring over sight lapses. While international banks tightened supervision and corporate governance after the subprime credit crisis in 2008, most Indian banks appear to have remained laggards. Doubts are now being raised in several quarters as to how PNB officials at Mumbai’s Brady House branch continued to issue letters of undertaking (LoU) against import receipts from Nirav Modi and his firms for seven long years without attracting management supervision. Overseas branches of other lenders such as Axis Bank or Allahabad Ba
Thales to develop sonar system for new French sub

Thales to develop sonar system for new French sub

Business
Feb. 8 (UPI) -- France has awarded Thales a 42-month contract to complete design of a sonar system for the country's third-generation nuclear-powered ballistic missile submarine.Two years ago, Thales was awarded a contract by France to develop the linear antenna towed based on optical technology.Thales said in a release the technology is building on advances in algorithms and the digital revolution in a large antenna system and related processing capabilities.Thales said the program consolidates its leadership in underwater systems and expands the company's involvement in major French naval defense programs, including the SNLE second-generation nuclear-powered ballistic missile submarines, Rubis and Barracuda class nuclear-powered attack submarines, FREMM multi-mission frigates, the ATL2 m...
UK 'could adopt' Norway bottle recycling system

UK 'could adopt' Norway bottle recycling system

Science
Media playback is unsupported on your deviceA Scandinavian deposit-based system for recycling bottles is thought likely to be adopted in the UK.Advisers to government say the schemes have massively reduced plastic litter in the environment and seas. And a ministerial delegation has been to Norway to see if the UK should copy an industry-led scheme that recycles 97% of bottles.In the UK, figures show that only around half of all plastic bottles get recycled.Norway claims to offer the most cost-efficient way of tackling plastic litter.The Norwegian government decided the best method would be to put a tax on every bottle that's not recycled - then leave the operating details of the scheme up to business.It works like this: The consumer pays a deposit on every bottle - the equivalent of 10p to...
Hawaii told to fix its alert system after false missile alarm

Hawaii told to fix its alert system after false missile alarm

World
Media playback is unsupported on your deviceThe US state of Hawaii has been told it did not have "reasonable" safeguards in place to prevent the false missile alert that caused panic on Saturday.Ajit Pai, chairman of America's media regulator, the Federal Communications Commission (FCC), said the error was "absolutely unacceptable".The 38-minute delay in issuing the correction made it worse, he added.He called for officials at all levels throughout the US to work together to rectify any vulnerabilities.Residents and visitors to Hawaii were shocked to receive the false alert of an incoming ballistic missile, sent to their mobile phones early on Saturday morning.Apologising afterwards, Hawaii's Governor David Ige said a member of staff had pressed the wrong button, releasing the alert which ...