SINGAPORE: The Government of Singapore Investment Corp (GIC) has raised US$1.25 billion by selling about 596 million shares in warehouse operator Global Logistic Properties (GLP).
GIC sold the shares at S$2.60 each, which is a 4.8 per cent discount to Monday's closing price.
Following the share sale, it now holds a 37 per cent stake in GLP, down from 49 per cent.
GIC said the move is part of the fund's portfolio rebalancing and it will remain a substantial shareholder for the long run.
- CNA/ms
Mozilla CEO Gary Kovacs speaking about Firefox OS at Mobile World Congress 2013
BARCELONA, Spain--With another 2 billion people hooking up to the Internet in the next five years, there's plenty of room for another mobile operating system, Mozilla Chief Executive Gary Kovacs said today in a sales pitch for his new Firefox OSFirefox OS.
Apple and Google have led the way in the smartphone market but can't cover the whole thing, he said in a speech to thousands at the Mobile World Congress show here, though he didn't mention the companies by name.
"I find it impossible to understand how 3, 4, 5, or 6 billion people are going to get their diverse needs satisfied by one or two or five companies, no matter how delicious those companies are," Kovacs said. "Is the farmer in the Indian countryside going to have the same needs and requirements as a lawyer sitting in New York?"
Mozilla has a mammoth challenge, though. Working in its favor is the fact that
Firefox is a browser-based operating system, meaning that Web applications such as Facebook already work for it without the need for Mozilla to marshal an army of programmers to write apps.
But even that running start has its limits: even many static Web pages don't work well on
mobile browsers, and making dynamic Web apps is a lot harder. New technologies such as camera-phone interfaces and hardware-accelerated 3D graphics help, and Mozilla is pushing hard to advance those standards and spread them to other mobile browsers.
Mozilla rounded up a solid list of Firefox OS partners, including 18 carriers across the world and handset makers LG Electronics, Huawei, ZTE, Alcatel, Geeksphone, and possibly Sony. The allies plan to bring Firefox OS to developing markets starting in the second quarter and to the United States in 2014.
The app development and distribution ecosystem of iOS and
Android is strong, but Kovacs had a slogan to counter that strength: "There's a Web for that." Many mobile apps simply repackage data already available on the Web, he said, pointing to an example of searching for a nearby restaurant, checking reviews, looking at menus, and making reservations.
'This is the Web. We're just taking it to mobile," Kovacs said. "Incumbent with that is 10 million developers already ready to go."
Mozilla has experience taking on big established players, too. Internet Explorer ruled the Web when Firefox grew from the ashes of the vanquished Netscape browser project about a decade ago.
"We did this ten years ago," Kovacs said, and Mozilla succeeded in its mission of keeping the Web open. "Today, the browser market is the most competitive it's ever been in the history of the Internet.
Now history is repeating itself on the mobile Web, where Firefox today is only rarely used but Google and Apple's browsers dominate. Both those companies' browsers are based on the WebKit browser engine, and Opera just signed up to use it, too.
"We have to make sure this shared opportunity is not something that one or two companies unnaturally control," Kovacs said.
Diminutive deep-sea sharks illuminate spines on their backs like light sabers to warn potential predators that they could get a sharp mouthful, a new study suggests.
Paradoxically, the sharks seem to produce light both to hide and to be conspicuous—a first in the world of glowing sharks. (See photos of other sea creatures that glow.)
"Three years ago we showed that velvet belly lanternsharks [(Etmopterus spinax)] are using counter-illumination," said lead study author Julien Claes, a biologist from Belgium's Catholic University of Louvain, by email.
In counter-illumination, the lanternsharks, like many deep-sea animals, light up their undersides in order to disguise their silhouette when seen from below. Brighter bellies blend in with the light filtering down from the surface. (Related: "Glowing Pygmy Shark Lights Up to Fade Away.")
Fishing the 2-foot-long (60-centimeter-long) lanternsharks up from Norwegian fjords and placing them in darkened aquarium tanks, the researchers noticed that not only do the sharks' bellies glow, but they also had glowing regions on their backs.
The sharks have two rows of light-emitting cells, called photophores, on either side of a fearsome spine on the front edges of their two dorsal fins.
Study co-author Jérôme Mallefet explained how handling the sharks and encountering their aggressive behavior hinted at the role these radiant spines play.
"Sometimes they flip around and try to hit you with their spines," said Mallefet, also from Belgium's Catholic University of Louvain. "So we thought maybe they are showing their weapon in the dark depths."
To investigate this idea, the authors analyzed the structure of the lanternshark spines and found that they were more translucent than other shark spines.
This allowed the spines to transmit around 10 percent of the light from the glowing photophores, the study said.
For Predators' Eyes Only
Based on the eyesight of various deep-sea animals, the researchers estimated that the sharks' glowing spines were visible from several meters away to predators that include harbor seals (Phoca vitulina), harbor porpoises (Phocoena phocoena), and blackmouth catsharks (Galeus melastomus).
"The spine-associated bioluminescence has all the characteristics to play the right role as a warning sign," said Mallefet.
"It's a magnificent way to say 'hello, here I am, but beware I have spines,'" he added.
But these luminous warning signals wouldn't impede the sharks' pursuit of their favorite prey, Mueller's bristle-mouth fish (Maurolicus muelleri), the study suggested. These fish have poorer vision than the sharks' predators and may only spot the sharks' dorsal illuminations at much closer range.
For now, it remains a mystery how the sharks create and control the lights on their backs. The glowing dorsal fins could respond to the same hormones that control the belly lights, suggested Mallefet, but other factors may also be involved.
"MacGyver" of Bioluminescence
Several other species use bioluminescence as a warning signal, including marine snails (Hinea brasiliana), glowworms (Lampyris noctiluca) and millipedes (Motyxia spp.).
Edith Widder, a marinebiologist from the Ocean Research and Conservation Association who was not involved in the current study, previously discovered a jellyfish whose bioluminescence rubs off on attackers that get too close.
"It's like paint packages in money bags at banks," she explained.
"Any animal that was foolish enough to go after it," she added "gets smeared all over with glowing particles that make it easy prey for its predators."
Widder also points out that glowing deep-sea animals often put their abilities to diverse uses. (Watch: "Why Deep-Sea Creatures Glow.")
"There are many examples of animals using bioluminescence for a whole range of different functions," she said.
Mallefet agrees, joking that these sharks are the "MacGyver of bioluminescence."
"Just give light to this shark species and it will use it in any possible way."
And while Widder doesn't discount the warning signal theory, "another possibility would be that it could be to attract a mate."
Lead author Julien Claes added by email, "I also discovered during my PhD thesis that velvet belly lanternsharks have glowing organs on their sexual parts."
And that, he admits, "makes it very easy, even for a human, to distinguish male and female of this species in the dark!"
The glowing shark study appeared online in the February 21 edition of Scientific Reports.
Susmita Mohanty, the founder of India’s first private space company, Earth2Orbit, wants India to claim bigger piece of the space-launch pie
How active is India's space programme?
The Indian Space Research Organization (ISRO), which was founded in 1969, launches rockets, builds and uses satellites extensively for earthly applications and has recently started planetary exploration. It tested its first astronaut capsule for atmospheric re-entry in 2007, and is planning to build a residential astronaut training facility. ISRO is also planning a lunar lander mission for 2014 and will launch a mission to Mars this year.
How does your company, Earth2Orbit, fit in with this programme?
We want to commercialise India's space capabilities, in particular the Polar Satellite Launch Vehicle. It is one of the world's most reliable in its class. I want to make it the rocket of choice for international satellite-makers looking to get to low Earth or sun-synchronous orbits. India could build and launch up to six each year, but currently launches only two. We need to step up to full throttle. The same goes for satellites and ground equipment. Over the next decade or two, I think India should be aiming for at least a quarter of the multibillion-dollar global space market, if not more.
What do you think of the way spacecraft for carrying humans are currently designed?
The way the world aerospace industry is set up, it is closely linked to the defence sector – they share the technology, the tooling and the cumbersome contractual processes. Unlike commercial automobile or consumer-product companies, where the end user is the primary design driver, aerospace companies tend to please government customers. As a result, we often end up with over-engineered, under-designed crew craft with an exorbitant price tag.
How can we improve on these designs?
I want us to push the boundaries of technology and design and build intelligent spaceships – spaceships that think. Imagine if an international consortium of companies such as Apple, Samsung, Pininfarina, Space X and MIT Media Lab got together to design and build a spaceship! What would it look like? Could it think? Could it self-repair or self-clean? Would it challenge the crew?
The private sector is changing how we get into space. How has the X Prize contributed?
It created a tectonic shift in mindsets and showed how we can accelerate innovation in space exploration without having to spend taxpayer money. The first X Prize led to the first privately funded and designed spaceplane built by Burt Rutan. Then Richard Branson seized the opportunity: if all goes well, Virgin Galactic could fly more people to space in a year than the Russians or Americans have over the past 50 years!
What is next for space travel?
It barely takes 10 minutes to reach low Earth orbit. It probably takes longer for most urbanites to commute to work. I want to be able to "cab it" to low Earth orbit. I am dreaming of private astronaut taxis. The first generation will take paying passengers into orbit. The second generation will ferry us to the moon and Mars.
This article appeared in print under the headline "One minute with... Susmita Mohanty"
Susmita Mohanty is CEO of Earth2Orbit, which recently launched its first client satellite. She has worked at NASA and Boeing, and holds a PhD in aerospace architecture
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SINGAPORE: The government has introduced a slew of measures to help Singaporeans cope with the rising cost of living.
These measures include income tax rebates, extra GST voucher and Service & Conservancy Charges rebates.
Taxpayers who are 60 years and above will enjoy a higher income tax rebate of 50 per cent, capped at S$1,500.
Those who are below 60 years old will get a rebate of 30 per cent, which is also capped at S$1,500.
These measures were announced by Deputy Prime Minister in his Budget Statement on Monday.
Singaporeans will also get an extra one-off GST voucher on top of the permanent voucher.
The government will give rebates of one to three months for Service & Conservancy Charges.
One- and two-room HDB households will receive three months of rebates for 2013, while three- and four-room households will get two months of rebates.
The concessionary foreign domestic worker levy will be lowered for families with young children, elderly dependents and persons with disabilities.
The levy will be reduced from S$170 to S$120 per month.
- CNA/fa
Dorothy Lamour, most famous for her Road to ... series of movies with Bing Crosby and Bob Hope, never won an Oscar. In her 50-plus-year career as an actress, she never even got nominated.
Neither did Jiggs the chimpanzee, pictured here with Lamour on the set of Her Jungle Love in a photo published in the 1938 National Geographic story "Monkey Folk."
No animal has ever been nominated for an Oscar. According to Academy Award rules, only actors and actresses are eligible.
Uggie, the Jack Russell terrier from last year's best picture winner, The Artist, didn't rate a nod. The equines that portrayed Seabiscuit and War Horse, movies that were best picture contenders in their respective years, were also snubbed.
Even the seven piglets that played Babe, the eponymous star of the best picture nominee in 1998, didn't rate. And the outlook seems to be worsening for the animal kingdom's odds of ever getting its paws on that golden statuette.
This year, two movies nominated in the best picture category had creatures that were storyline drivers with significant on-screen time. Neither Beasts of the Southern Wild (which featured extinct aurochs) or Life of Pi (which featured a CGI Bengal tiger named Richard Parker) used real animals.
An Oscar's not the only way for animals to get ahead, though. Two years after this photo was published, the American Humane Association's Los Angeles Film & TV Unit was established to monitor and protect animals working on show business sets. The group's creation was spurred by the death of a horse during the filming of 1939's Jessie James.
Today, it's still the only organization that stamps "No Animals Were Harmed" onto a movie's closing credits.
Editor's note: This is part of a series of pieces that looks at the news through the lens of the National Geographic photo archives.
"Argo" took home the top prize as best picture at the Oscars Sunday night, with first lady Michelle Obama announcing the winner from the White House.
"You directed a hell of a film," co-producer Grant Heslov told director and fellow producer Ben Affleck. "I couldn't be more proud of the film and more proud of our director."
Affleck was snubbed in the directing category but humbly accepted the best picture Oscar as one of the three producers on the film. George Clooney was the third.
Affleck thanked Steven Spielberg and the other best picture nominees and his wife Jennifer Garner for "working on our marriage."
"It's good, it's work," he said, adding, "but there's no one I'd rather work with."
For Full List of Winners
Acknowledging his last Oscar win, as a screenwriter for "Good Will Hunting," Affleck said, "I was really just a kid. I never thought I would be back here."
In the acting categories, Daniel Day-Lewis won the Oscar for best actor, being the first actor to three-peat in that category. As he accepted the award from Hollywood's greatest actress, Meryl Streep, he joked, "I had actually been committed to play Margaret Thatcher. ... Meryl was Stephen's first choice for Lincoln."
He also thanked his wife, Rebecca Miller, for "living with some very strange men," with each new role that he takes on.
"She's the versatile one in the family and she's been the perfect companion to all of them," he said.
Kevin Winter/Getty Images
Jennifer Lawrence won the award for best actress. She tripped on the stairs on her way to accepting her award but picked herself up and made her way to the stage, earning a standing ovation.
"You're just standing up because you feel bad that I fell and that's embarrassing," she said, before rattling off a list of thank-yous and leaving the stage looking slightly stunned.
Watch Jennifer Lawrence's Oscar Tumble
"Life of Pi," which had a total of 11 nominations, was another big winner of the night. Director Ang Lee took home the Oscar for best director over Steven Spielberg and David O. Russell.
"Thank you, movie god," Lee said, accepting his award.
As expected, the film took home the first technical awards of the night for cinematography and visual effects. "Life of Pi" also won for best original score.
The first big acting awards of the night went to Christoph Waltz and Anne Hathaway in the supporting actor categories.
In one of the biggest tossups, Waltz claimed the award for supporting actor for his role in "Django Unchained." It was his second Oscar for a Quentin Tarantino film; his first was for Tarantino's "Inglourious Basterds."
PHOTOS: Stars on the Red Carpet
As expected, Hathaway took home the award for best supporting actress for her role as Fantine in "Les Miserables."
"It came true," she said, launching into a breathy speech, in which she thanked the cast and crew, her team and her husband. "The greatest moment of my life was when you walked into it," she said.
Tarantino won the Oscar for best original screenplay for his slave revenge western "Django Unchained." He thanked his cast.
"I have to cast the right people," he said. "And boy this time did I do it."
Chris Terrio won the award for best adapted screenplay for "Argo," which also won for film editing.
For only the sixth time in Academy history, there was a tie at the Oscars. "Zero Dark Thirty" and "Skyfall" tied for sound editing.
See Other Ties in Academy History
A new market for second-hand digital downloads could let us hold virtual yard sales of our ever-growing piles of intangible possessions
WHY buy second-hand? For physical goods, the appeal is in the price – you don't mind the creases in a book or rust spots on a car if it's a bargain. Although digital objects never lose their good-as-new lustre, their very nature means there is still uncertainty about whether we actually own them in the first place, making it tricky to set up a second-hand market. Now an Amazon patent for a system to support reselling digital purchases could change that.
Amazon's move comes after last year's European Union ruling that software vendors cannot stop customers from reselling their products. But without technical support, the ruling has had no impact. In Amazon's system, customers will keep their digital purchases – such as e-books or music – in a personal data store in the cloud that only they can access, allowing them to stream or download the content.
This part is like any cloud-based digital locker except that the customer can resell previous purchases by passing the access rights to another person. Once the transaction is complete, the seller will lose access to the content. Any system for reselling an e-book, for example, would have to ensure that it is not duplicated in the transaction. That means deleting any copies the seller may have lying around on hard drives, e-book readers, and other cloud services, since that would violate copyright.
Amazon may be the biggest company to consider a second-hand market, but it is not the first. ReDigi, based in Boston, has been running a resale market for digital goods since 2011. After downloading an app, users can buy a song on ReDigi for as little as 49 cents that would costs 99 cents new on iTunes.
When users want to sell an item, they upload it to ReDigi's servers via a mechanism that ensures no copy is made during the transfer. Software checks that the seller does not retain a copy. Once transferred, the item can be bought and downloaded by another customer. ReDigi is set to launch in Europe in a few months.
Digital items on ReDigi are cheaper because they are one-offs. If your hard drive crashes and you lose your iTunes collection you can download it again. But you can only download an item from ReDigi once – there is no other copy. That is the trade-off that makes a second-hand digital market work: the risk justifies the price. The idea has ruffled a few feathers – last year EMI sued ReDigi for infringement of copyright. A judge denied the claim, but the case continues.
Used digital goods can also come with added charm. ReDigi tracks the history of the items traded so when you buy something, you can see who has owned it and when. ReDigi's second-hand marketplace has grown into a social network. According to ReDigi founder John Ossenmacher, customers like seeing who has previously listened to a song. "It's got soul like an old guitar," he says. "We've introduced this whole feeling of connectedness."
It could be good for business too if the original vendors, such as iTunes, were to support resale and take a cut of the resell price. Nevertheless, Amazon's move bucks the industry trend. Microsoft's new Xbox, for example, is expected not to work with second-hand games.
But the market could change rapidly now that Amazon's weight is behind this, says Ossenmacher. "The industry is waking up."
This article appeared in print under the headline "Old MP3, one careful owner"
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NEW DELHI: Indian Prime Minister Manmohan Singh on Sunday appealed for calm as he flew to Hyderabad and visited some of the 117 people wounded in twin bombings last week which killed 16 people.
Singh also visited the blast site in Dilsukh Nagar, where two bicycle bombs exploded within a few minutes of each other outside a cinema and near a bus stand on Thursday evening.
The prime minister met with some of the blast survivors and medical staff in two city hospitals and expressed his condolences.
"It is most important that in this hour of grief the people should maintain calm," he said.
"I am happy that the people of Hyderabad have refused to be provoked by this nefarious incident," the prime minister told reporters.
"I pray for the speedy recovery of those who have been injured, to those who have died I send my condolences to all the bereaved families," Singh added.
His spokesman Pankaj Pachauri told AFP Singh was scheduled to be briefed by N. Kiran Kumar Reddy, chief minister of the southern state of Andhra Pradesh, on the incident.
Hyderabad, one of the major hubs of India's booming software industry, is the capital of coastal Andhra Pradesh.
The premier has vowed to bring to justice the perpetrators of what he called a "dastardly" attack, the first major bombings in India since 2011.
His Congress Party-led government was criticised in parliament on Friday by the opposition, which said the bombings had exposed systemic security failures at a time when India is on heightened alert.
India's main opposition BJP party mocked the premier's one-day trip to Hyderabad saying the blasts were a result of the Indian government's failure to tackle terrorism.
"The prime minister's visit to Hyderabad is a non-event," BJP leader Balbir Punj told reporters in New Delhi.
"In fact, if he and his government had been sensitive to the issue of terrorism in this country... this attack would not have taken place," he said.
Andhra Pradesh Home Minister P. Sabita Indra Reddy has said investigators have found "vital clues" but gave no details.
Newspapers have pointed the finger at the Indian Mujahideen, a banned militant outfit which has claimed responsibility for previous attacks.
The fitting of the explosive devices to bicycles was similar to other attacks by the outfit, local media reports quoted investigators as saying.
The homegrown group has links to Lashkar-e-Taiba, the Pakistan-based militant outfit blamed for the 2008 Mumbai attacks that claimed 166 lives, according to Indian intelligence officials.
New Delhi has long accused its neighbour of aiding and abetting the militant groups who have carried out attacks on Indian soil -- a charge that Pakistan rejects.
- AFP/fa
Las Vegas police identified a suspect today in a shooting on the strip that caused a Maserati to hit a taxi and burst into flames, killing three people.
Ammar Harris, 26, has been named a suspect in the Thursday skirmish that killed three people, including rapper Kenny Clutch.
The altercation between Harris and Clutch, 27, whose legal name was Kenneth Cherry Jr., is believed to have originated in the valet area of a Las Vegas hotel, police said.
Police said Harris fired several rounds into a Maserati that was being driven by Cherry as both vehicles continued northbound on glitzy Las Vegas Boulevard.
The rapper's expensive sports car careened out of control after he was shot, slamming into several cars, including a taxi. The impact caused the cab to burst into flames, killing the driver, Michael Boldon and a female passenger. Witnesses said it looked like the car exploded.
"He was a number one guy," Carolyn Jean Trimble, Boldon's sister, told ABC News.
"I looked out my window and I could see one vehicle down here on the corner of the intersection totally engulfed in flames," witness John Lamb told ABC News.
Boldon, 62, and his passenger, who has not yet been identified, were both killed, as was Clutch.
Timble said her brother loved driving his taxi around Vegas.
"He came to live with me in Las Vegas last year to help take care of our mother, and the first day he got here he said, 'I have to get a job.' The second day, I came home from work, and he said he got a job," she recalled.
"He says, 'You'll never guess what it is,' and I said, 'what,' and he said, 'taxi cab driver,' and we both fell out laughing," Trimble said. "He loved that job. He never complained. He'd come home and tell me stories about what happened, who he picked up."
Boldon was a single father who raised a 36-year-old son and was a new grandfather. His grandson was named after him, Trimble said.
"Of all the people to take from this earth," she said. "But I guess the Lord needed him."
A passenger in the Maserati was hit and sustained only a minor injury to his arm. Clutch died at University Medical Center.
His father, Kenneth Cherry Sr., expressed his grief for the loss of his son while speaking with ABC News.
"This is something you never really, really ever want to experience as a parent, to lose a child before you go," he said.
Harris is described as 5-foot-11 and 180 pounds. Anyone with information is asked to contact the Las Vegas Metro Police Department's homicide division.
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