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  • Argentina in Deal to Pay $10bn Debts

    Argentina in Deal to Pay $10bn Debts

    {{Argentina has reached an agreement with the Paris Club group of international creditor governments to repay its overdue debts over a five-year period.}}

    The deal covers Argentine arrears of some $9.7bn (£5.8bn).

    The government of President Cristina Kirchner said in 2008 that it wanted to pay back the debt inherited from the country’s 2001-02 default crisis.

    During the last weeks of 2001 the Argentine government defaulted on public debt totalling $132bn.

    In a statement, the Paris Club said a first instalment of at least $1.15bn was due by May 2015. The next payment will then be due by May 2016.

    “Realisation of initial payment under a formal commitment of Argentina to fully clear its arrears is a necessary and important step for the normalisation of financial relationships between Paris Club creditors and Argentina,” the Paris Club said.

    “During the meeting, the delegation of the Argentine Republic provided a description of the economic and financial situation of its country and presented the measures implemented by the Argentine Government aimed at enhancing inclusive growth and strengthening resilience to external shocks.”

    The Paris Group also said the agreement allowed for credit agencies to resume doing business with Argentina.

    Argentina was represented in the negotiations by Finance Minister Axel Kicillof.

    The Paris Club was formed in 1956. It is an informal group of creditor governments from major industrialised countries.

    Germany is Argentina’s biggest Paris Club creditor with about 30% of the debt, followed by Japan with about 25%. Other debt holders include the Netherlands, Spain, Italy. Switzerland and the US.

    {agencies}

  • ‘First Drafts’ of Human Protein Catalogue Published

    ‘First Drafts’ of Human Protein Catalogue Published

    {{The first two attempts at a database of every single human protein – the “proteome” – have been made public.}}

    This builds on our knowledge of the genome by showing which genes actually produce proteins in which tissues.

    One team in Germany and one spanning the US and India have published their proteome maps in the journal Nature, and on searchable, public websites.

    Some of the 17-to-18,000 reported proteins arise from stretches of DNA previously thought to be “non-coding”.

    Along the vast length of DNA packed inside each of our cells, our genes are the sections which contain the instructions, or code, for making proteins.

    “While we have a good idea of what the genome looks like, we didn’t know how many of those potentially 20,000 protein-coding genes would actually make protein,” said Prof Bernhard Kuester, who led the German team at the University of Technology, Munich.

    {{Unexpected results}}

    To find out, the researchers extracted all of the protein from many different samples of human tissues, as well as a number of cell lines.

    The proteins in that purified mixture were then chopped into small pieces and a technique called mass spectrometry revealed the sequence of amino acids forming each of those pieces.

    With a lot of computing power and patience, these batches of protein fragments can be compared with the human genome to make a map, showing which genes in which tissues are “expressed” and producing protein.

    “This is the first inventory, if you like,” Prof Kuester told media, “like a dozen years ago with the first draft of the human genome.”

    And just like the results of the Human Genome Project, these data contain some surprises.

    Both groups found hundreds of unexpected proteins, produced by fragments of ancient genes (called “pseudogenes”) or by lengths of DNA that were not thought to be genes at all.

    As well as the newcomers, there were notable absences. “We have good reason to believe that there are hundreds of known, annotated genes that perhaps are redundant,” said Prof Kuester.

    The team based in the US and India, led by Prof Akhilesh Pandey of Johns Hopkins University in Baltimore, found evidence for only 84% of the proteins that might be predicted from looking at the genome.

    {{Beyond genetics}}

    Prof Pandey told the media it was important to study the proteins themselves, as well as the genes that encode them.

    He offered an example of how a researcher, investigating a particular gene, might use one of the new databases: “They can look at the expression and get clues about what it could be doing.

    For example if a protein is expressed in the foetal gut and not the adult gut, then they might think of some sort of developmental process.”

    The tissue-by-tissue breakdown could also help scientists trying to figure out the actions and side effects of drugs.

    By comparing the proteome of various cancer cell lines, Prof Kuester and his team have already identified certain clusters of proteins that could increase or decrease sensitivity to cancer drugs.

    Dr Kevin Mills, who uses proteomics to study rare diseases at the UCL Institute of Child Health, agrees that it is crucial to look “beyond genomics” at protein levels and how they vary.

    “Genetics can’t tell us everything,” said Dr Mills, who was not involved in either study. “This is really important. We’re not static – we’re fluid and dynamic and our proteome changes continually.”

    BBC

  • Iranian Hackers Use Facebook to Spy on U.S

    Iranian Hackers Use Facebook to Spy on U.S

    {{In an unprecedented, three-year cyber espionage campaign, Iranian hackers created false social networking accounts and a fake news website to spy on military and political leaders in the United States, Israel and other countries, a cyber intelligence firm said on Thursday.}}

    ISight Partners, which uncovered the operation, said the hackers’ targets include a four-star U.S. Navy admiral, U.S. lawmakers and ambassadors, members of the U.S.-Israeli lobby, and personnel from Britain, Saudi Arabia, Syria, Iraq and Afghanistan.

    The firm declined to identify the victims and said it could not say what data had been stolen by the hackers, who were seeking credentials to access government and corporate networks, as well as infect machines with malicious software.

    “If it’s been going on for so long, clearly they have had success,” iSight Executive Vice President Tiffany Jones told media. The privately held company is based in Dallas, Texas and provides intelligence on cyber threats.

    ISight dubbed the operation “Newscaster” because it said the Iranian hackers created six “personas” who appeared to work for a fake news site, NewsOnAir.org, which used content from the Associated Press, BBC, Reuters and other media outlets.

    The hackers created another eight personas who purported to work for defense contractors and other organizations, iSight said.

    The hackers set up false accounts on Facebook and other online social networks for these 14 personas, populated their profiles with fictitious personal content, and then tried to befriend target victims, according to iSight.

    The operation has been active since at least 2011, iSight said, noting that it was the most elaborate cyber espionage campaign using “social engineering” that has been uncovered to date from any nation.

    To build credibility, the hackers would approach high-value targets by first establishing ties with the victims’ friends, classmates, colleagues, relatives and other connections over social networks run by Facebook Inc, Google Inc and its YouTube, LinkedIn Corp and Twitter Inc.

    The hackers would initially send the targets content that was not malicious, such as links to news articles on NewsOnAir.org, in a bid to establish trust.

    Then they would send links that infected PCs with malicious software, or direct targets to web portals that ask for network log-in credentials, iSight said.

    The hackers used the 14 personas to make connections with more than 2,000 people, the firm said, adding that it believed the group ultimately targeted several hundred individuals.

    “This campaign is not loud. It is low and slow,” said Jones. “They want to be stealth. They want to be under the radar.”

  • Manchester United Owner Malcolm Glazer Dies at 85

    Manchester United Owner Malcolm Glazer Dies at 85

    {{Malcolm Glazer, the controversial American owner of English Premier League giants Manchester United, died Wednesday. He was 85.}}

    Glazer — the son of a Lithuanian immigrant who went on to build an diverse business empire — gained a global profile through his ownership of United, one of the world’s biggest and best supported football clubs.

    But he was deeply unpopular with hardcore United fans after loading the club with hundreds of millions of dollars in debt following a 2005 buyout.

    His death was announced on the website of the Tampa Bay Buccaneers American football team, one of his other sports franchises.

    “The Tampa Bay Buccaneers are saddened to announce the passing of Owner/President Malcolm Glazer earlier this morning at the age of 85,” the statement said.

    “A dynamic business leader, Glazer helped mold the Buccaneers into a model franchise and one respected league-wide.”

    Under Glazer’s stewardship of the Buccaneers, the NFL team enjoyed its first Super Bowl success in 2002.

    “Malcolm Glazer was the guiding force behind the building of a Super Bowl-champion organization,” NFL commissioner Roger Goodell said Wednesday.

    Shares of Manchester United slipped sharply on the New York Stock Exchange after Glazer’s death was announced but finished the day unchanged in thin trade at $16.30.

    Glazer’s death is not expected to have any bearing on the ownership of the club, with his family retaining a 90 percent holding in United.

    His sons Joel and Avram Glazer continue to serve as co-chairmen of the club. Another son, Bryan, remains on the United board.

  • Microsoft Claims Breakthrough in Real-time Translation

    Microsoft Claims Breakthrough in Real-time Translation

    {{Microsoft has announced what it called a breakthrough in real-time voice translation and said it would offer a test version through its Skype messaging unit before the end of 2014.}}

    The US tech giant demonstrated the new Skype Translator at the Code Conference, saying it fulfills a vision of the “universal translator” in the Star Trek science fiction series.

    “The Star Trek vision for a Universal Translator isn’t a galaxy away, and its potential is every bit as exciting as those Star Trek examples,” said a blog post from Gurdeep Pall, vice president of Skype and Lync at Microsoft.

    “Skype Translator opens up so many possibilities to make meaningful connections in ways you never could before in education, diplomacy, multilingual families and in business.”

    The product, the result of years of research at Microsoft, will be available as a Windows 8 beta app before the end of 2014, Pall said.

    At the California conference, the team demonstrated near-simultaneous translation between English and German.

    “There have been many attempts over the years, several within Microsoft Research, to demonstrate such aspects of translating human speech,” said a Microsoft Research blog post.

    “But delivering something that is usable in real life, to fit the voice and utterances of many different users and the nuances of different languages — all of it built at scale to serve Skype users — has been considered a nearly impossible task.”

    Microsoft said project leader Arul Menezes and Microsoft colleagues “have addressed significant system and user-interface design challenges, including reducing latency and developing visual feedback so the translation system is continuously improving itself using user feedback.”

    “The technology is only as good as the data,” Menezes says. “One big focus has been to scale up the amount and kinds of data that go into the machine-learning training of these systems.”

    AFP

  • IMF Hails ‘Remarkable’ African Growth

    IMF Hails ‘Remarkable’ African Growth

    {{IMF managing director Christine Lagarde on Wednesday hailed the leaps made by African economies in the last decade as “nothing short of remarkable.”}}

    On the eve of a major conference in Maputo that will bring together policymakers from across the region, Lagarde said it was time to kick start the “next phase of its economic development.”

    The sub-Saharan Africa region is expected to grow at more than five percent this year according to the IMF’s latest projections, after similar growth last year.

    But there was a note of caution amid the breakneck economic expansion.

    “There is still a long way ahead to meet the aspirations of the continent: extreme poverty is still too prevalent and there are new challenges posed by the global economy,” she said.

    As policymakers take stock of Africa’s strong economic performance, many are also looking at the risks that lie ahead.

    The region could face lower demand for its exports should growth slow in increasingly important emerging markets like Brazil, India and, in particular, China.

    Beijing is a top buyer of African resources from copper to oil and gas.

    In rapidly growing cities like Maputo the Chinese presence is manifest, from a Chinese-built airport to the country’s businessmen chattering on cell phones as they walk from meeting to meeting.

    But poverty perhaps remains the continent’s biggest challenge.

    Ahead of the meeting, rights groups questioned the current optimistic view of “Africa’s rise.”

    “Africa is not rising for ordinary citizens,” said Oxfam International’s Executive Director Winnie Byanyima, who said she intended raising issues of growing inequality at the IMF conference.

    She added that tax dodging multi-nationals were draining revenue from the continent.

    “We have six of the top 10 fastest growing economies in the world, and the fastest rising number of dollar millionaires of any other region in the world.

    “Yet Sub-Saharan Africa is home to six out of the 10 most unequal countries in the world. The 50 richest people in Africa own about 15 percent of Africa’s GDP,” Byanyima added.

    The conference’s host nation Mozambique, provides a stark example.

    According to Byanyima, it is still one of the poorest countries in the world despite recording galloping economic growth of over seven percent a year over the past decade.

    Two decades after the end of a devastating civil war the country is experiencing vast foreign capital inflows on the back of coal and natural gas discoveries.

    AFP

  • Sisi Wins Egypt Presidential Election

    Sisi Wins Egypt Presidential Election

    Abdel Fattah al-Sisi, the general who toppled Egypt’s first freely elected leader, took more than 90 percent of the vote in a presidential election, provisional results showed on Thursday, as he joined a long line of leaders drawn from the military.

    But a lower-than-expected turnout figure raised questions about the credibility of a man idolized by his supporters as a hero who can deliver political and economic stability.

    Sisi won 93.3 percent of votes cast, judicial sources said, as counting neared its conclusion after three days of voting. His only rival, leftist politician Hamdeen Sabahi, gained 3 percent while 3.7 percent of votes were declared void.

    Turnout was 44.4 percent of Egypt’s 54 million voters, judicial sources said, less than the 40 million votes, or 80 percent of the electorate, that Sisi had called for last week and also less than the 52 percent turnout Mursi won in 2012.

    “We are now divided with the turnout,” said Tarek Awad, 27 and unemployed, celebrating Sisi’s victory in Tahrir on Thursday morning. “If about half of voters wanted Sisi, the other half don’t want him. What about them?”

    The stock market .EGX30, which fell 2.3 percent on Wednesday as some players said the turnout was a disappointment, was down a further 0.9 percent by late morning on Thursday. On the black market, the Egyptian pound weakened slightly.

    reuters

  • Apple to Get Beats,Music Mogul Lovine for $3Bn

    Apple to Get Beats,Music Mogul Lovine for $3Bn

    {{Apple Inc (AAPL.O) will buy Beats for about $3 billion and bring recording mogul Jimmy Iovine into its ranks, hoping to win points with the music industry and help it catch up in fast-growing music streaming.}}

    As expected, Beats co-founders Iovine and rapper Dr. Dre will join Apple as part of the acquisition of the music streaming and audio equipment company.

    They should prove key in forging relationships with an industry that historically viewed Apple with suspicion but in recent years has pressed the iPhone maker to do more on subscription services, a market expected to eclipse song downloads in the long run.

    Iovine’s music industry relationships could ease notoriously difficult licensing negotiations for a future streaming service, recording industry executives say.

    “The ugly truth is that there is such a Berlin Wall between Silicon Valley and LA,” Apple Chief Executive Tim Cook told the Wall Street Journal in an interview. “The two don’t respect each other, don’t understand each other.”

    While the price tag represents an iota of Apple’s roughly $150 billion cash hoard, it marks a significant departure for a company that for two decades has stuck mainly to acquisitions worth hundreds of millions of dollars.

    The deal is seen as Apple’s effort to jump-start an uneven attempt to make headway in music streaming, the fastest-growing segment of the market, as iTunes sales decline. Pandora Media Inc (P.N) and Spotify have raced ahead while Apple’s eight-month-old iTunes Radio has not made much of a dent.

    reuters

  • Two Arrested over Smuggling Plastic Bags

    Two Arrested over Smuggling Plastic Bags

    {{Police in Bugesera district, on May 28, intercepted a vehicle loaded with over 720, 000 pieces of plastic bags. }}

    Two people identified as Alphonse Uwihanganye, 43, and Emmanuel Kangaroho, 31, residents of Ruhuha in Bugesera were also arrested in connection with the illegal act.

    They are currently detained at Nyamata Police Station as investigations continue.

    The vehicle registration number RAA 982 T, Toyota-hiace type was intercepted in Nyamata along Sell or use of plastic bags is illegal in Rwanda and is considered an act of environmental degradation.

    One of the suspects, Uwihanganye, who confessed to the act, argued that he had no knowledge that plastic bags are illegal in Rwanda.

    “I only knew that what I was doing is fraud,” he argued.

    The District Police Commander, Supt. Victor Vandama said the arrest followed a tip-off from members of the public who knew the duo’s illegal business.

    Supt. Vandama said the polythene bags are sneaked into the country through porous borders.

    “Polythene bags destroy the environment and have direct impact on the ecosystem,” he observed.

    He warned all those indulging in this unlawful business and appealed to the public fight such acts by providing information on those involved.

    RNP

  • Congolese National Intercepted with Pistol

    Congolese National Intercepted with Pistol

    Police has arrested a Congolese national found in possession with a Pistol.

    The suspect has been identified as Sanka Amor Bamure. He was seized on May 27 while driving his car along the boarder area in Bugarama at Ryankana Cell of Bugarama sector .

    The Police spokesperson for the Western Province supt. AI Javan Mvano said the pistol with registration number 16288 was hidden in the sack of rice.

    Police intercepted the Congolese national and in the process of searching his car, something strange was noticed inside the sack of rice and on retrieval it was found to be a pistol.

    Investigations are being conducted to determine the source of the weapon and where it’s final destination.

    The suspect is currently detained at Kamembe police station pending investigations.