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BUSINESS Thursday, February 8, 2018 9 Beijing M ercedes-Benz has become the latest foreign company to run afoul of Beijing’s policies on Tibet and other Chinese- claimed regions, apologising for “hurting the feelings” of the people of China for quoting the Dalai Lama. The German auto giant joined several international companies that have backpedalled recently for offending Chinese consumers with advertising (AFP) Dhaka B angladesh’s central bank will file a lawsuit in New York against a Philippine bank over the world’s largest cyber heist, the finance minister said yesterday. Unidentified hackers stole $81 million in February 2016 from the Bangladesh central bank’s account with the US Federal Reserve in New York. (AFP) Donald Trump Mercedes apologises to China “If we don’t change the legislation, if we don’t get rid of these loopholes where killers are allowed to come into our country and continue to kill ... if we don’t change it, let’s have a shutdown,” Bangladesh to file suit over bank heist US President Airbus tests drone delivery service The Skyways project aims to use drones to provide an efficient delivery service of small parcels to staff and students across the campus of the National University of Singapore Sources: Airbus Helicopters, NUS, SingPost, Aviation Week © GRAPHIC NEWS NUS Campus Parcel station Air corridor Port of Singapore SKYWAYS DRONE: Octocopter designed to carry payload of 2-4kg Robotic arm loads package on to underside of drone DELIVERY 1 Drone flies autonomously via air corridor between parcel stations 2 Drone lands, robotic arm places parcel in locker 3 Recipient notified by mobile that parcel is ready to collect 4 SINGAPORE GPS and precision localization system corrects position of drone when approaching delivery station If university test is successful, system could be extended to service ships anchored in Port of Singapore National University of Singapore (NUS) 400m 1,300ft Elon Musk’s Falcon rocket soars to space Cape Canaveral T he world’s most powerful rocket, SpaceX’s Falcon Heavy, blasted off Tuesday on its highly anticipated maiden test flight, carrying CEO Elon Musk’s cherry red Tesla Roadster toward an orbit near Mars. Screams and cheers erupted at mission control in Cape Canaveral, Florida as the massive rocket fired its 27 engines and rumbled into the blue sky over the same NASA launchpad that served as a base for the US missions to the Moon four decades ago. “The mission went as well as one could have hoped,” an ecstatic Musk told reporters, calling it “probably the most exciting thing I have seen literally ever.” “I had this image of a giant explosion on the pad with a wheel bouncing down the road with the Tesla logo landing somewhere,” he said. “Fortunately that is not what happened.” Loaded with Musk’s red Tesla and a mannequin in a spacesuit, the monster rocket’s historic test voyage captured the world’s imagination. SpaceX’s webcast showed the Tesla Roadster soaring into space, as David Bowie’s “Space Oddity” played in the background -- with the words “DON’T PANIC” visible on the dashboard, in an apparent nod to the sci-fi series the “Hitchhiker’s Guide to the Galaxy.” The Roadster was also outfitted with a data storage unit containing Isaac Asimov’s science fiction book series, the Foundation Trilogy, and a plaque bearing the names of 6,000 SpaceX employees. Musk posted a live video showing the “Starman” mannequin appearing to cruise, its gloved hand on the wheel, through the darkness of space, with the Earth’s image reflected on the car’s glossy red surface. He tweeted late Tuesday night that the rocket’s upper stage had made a successful final burn, sending the car and its mannequin passenger out of Earth’s orbit, into an orbit around the Sun that brings it close to Mars. After surviving a five-hour journey through the Van Allen Belt -- a region of high radiation -- the car now embarks on a journey through space that could last a billion years and take it as far as 400 million km from Earth, the same as a trip around the equator 10,000 times. (AFP) © GRAPHIC NEWS Sources: Yahoo Finance, Yardeni Research, Inc. Stock market pullbacks and corrections After months of levitation, markets are down some eight percent from all-time highs, triggering fears of a pullback or so-called correction – a 10 percent drop from the prior market peak S&P 500 index 2008 500 1,000 1,500 2,000 2,500 3,000 09 10 11 12 13 14 15 16 17 18 FALL -56.8% -16.0% -19.4% -7.7% -5.8% -12.4% -9.8% -9.9% -5.8% -6.9% -13.3% Jan 26, 2018: All-time high of 2,872.87 Feb 5: Low of 2,638.17 Decline of -8.2% Market pullback – 5% decline Correction – 10% decline Bear market – 20%-plus downturn Financial crisis The mock payload of a red Tesla roadster, complete with fake astronaut driver, is on its way to orbiting the Sun The mannequin at the wheel of the Tesla roadster blasted into space Falcon 9 SpaceX heavy rocket lifts off

Elon Musk s Falcon rocket soars to space · 8/2/2018  · Elon Musk s Falcon rocket soars to space Cape Canaveral ... ecstatic Musk told reporters, calling it probably the most

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Page 1: Elon Musk s Falcon rocket soars to space · 8/2/2018  · Elon Musk s Falcon rocket soars to space Cape Canaveral ... ecstatic Musk told reporters, calling it probably the most

BUSINESSThursday, February 8, 2018 9

Beijing

Mercedes-Benz has become the latest foreign company to run afoul of Beijing’s policies on Tibet and other Chinese-

claimed regions, apologising for “hurting the feelings” of the people of China for quoting the Dalai Lama. The German auto giant joined several international companies that have backpedalled recently for offending Chinese consumers with advertising (AFP)

Dhaka

Bangladesh’s central bank will file a lawsuit in New York against a Philippine bank over the world’s largest cyber

heist, the finance minister said yesterday.

Unidentified hackers stole $81 million in February 2016 from the Bangladesh central bank’s account with the US Federal Reserve in New York. (AFP)

Donald Trump

Mercedes apologises to China “If we don’t change the legislation, if we don’t get rid of these loopholes where killers are allowed to come into our country and continue to kill ... if we don’t change it, let’s have a shutdown,”

Bangladesh to file suit over bank heist

US President

Airbus tests drone delivery serviceThe Skyways project aims to use drones to provide an efficientdelivery service of small parcels to staff and students across

the campus of the National University of Singapore

Sources: Airbus Helicopters, NUS, SingPost, Aviation Week © GRAPHIC NEWS

NUSCampus

Parcelstation

Aircorridor

Port of Singapore

SKYWAYS DRONE: Octocopterdesigned to carry payloadof 2-4kg

Robotic arm loadspackage on tounderside of drone

DELIVERY

1

Drone fliesautonomously viaair corridor betweenparcel stations

2

Drone lands, roboticarm placesparcel in locker

3

Recipient notifiedby mobile thatparcel is ready

to collect

4SINGAPORE

GPS and precisionlocalization systemcorrects position ofdrone when approachingdelivery station

If university testis successful,

system could beextended to service ships

anchored in Port of Singapore

NationalUniversity ofSingapore(NUS)

400m

1,300ft

Elon Musk’s Falcon rocket soars to space

Cape Canaveral

The world’s most powerful rocket, SpaceX’s Falcon Heavy, blasted off Tuesday on its highly anticipated

maiden test flight, carrying CEO Elon Musk’s cherry red Tesla Roadster toward an orbit near Mars.

Screams and cheers erupted at mission control in Cape Canaveral, Florida as the massive rocket fired its 27 engines and rumbled into the blue sky over the same NASA launchpad that served as a base for the US missions to the Moon four decades ago.

“The mission went as well as one could have hoped,” an ecstatic Musk told reporters, calling it “probably the most exciting thing I have seen literally ever.”

“I had this image of a giant explosion on the pad with a wheel bouncing down the road with the Tesla logo landing somewhere,” he said. “Fortunately that is not what happened.”

Loaded with Musk’s red Tesla and a mannequin in a spacesuit, the monster rocket’s historic test voyage captured the world’s imagination.

SpaceX’s webcast showed the Tesla Roadster soaring into space, as David Bowie’s “Space Oddity” played in the background -- with the words “DON’T PANIC” visible on the dashboard, in an apparent nod to the sci-fi series the “Hitchhiker’s Guide to the Galaxy.”

The Roadster was also outfitted with a data storage unit containing Isaac Asimov’s science fiction book series, the Foundation Trilogy, and a plaque bearing the names of 6,000 SpaceX employees.

Musk posted a live video showing the “Starman” mannequin appearing to cruise, its gloved hand on the wheel, through the darkness of space, with the Earth’s image reflected on the car’s glossy red surface.

He tweeted late Tuesday night that the rocket’s upper stage had made a successful final burn, sending the car and its mannequin passenger out of Earth’s orbit, into an orbit around the Sun that brings it close to Mars.

After surviving a five-hour journey through the Van Allen Belt -- a region of high radiation -- the car now embarks on a journey through space that could last a billion years and take it as far as 400 million km from Earth, the same as a trip around the equator 10,000 times. (AFP)

© GRAPHIC NEWSSources: Yahoo Finance, Yardeni Research, Inc.

Stock market pullbacks and corrections After months of levitation, markets are down some eight percent fromall-time highs, triggering fears of a pullback or so-called correction –

a 10 percent drop from the prior market peakS&P 500 index

2008500

1,000

1,500

2,000

2,500

3,000

09 10 11 12 13 14 15 16 17 18

FALL-56.8% -16.0%

-19.4%-7.7%

-5.8%

-12.4%

-9.8%

-9.9%

-5.8%

-6.9% -13.3%

Jan 26, 2018: All-timehigh of 2,872.87Feb 5: Low of 2,638.17Decline of -8.2%

Market pullback – 5% declineCorrection – 10% declineBear market – 20%-plus downturn

Financial crisis

The mock payload of a red Tesla roadster, complete with fake astronaut driver, is on its way to orbiting

the Sun

The mannequin at the wheel of the Tesla roadster blasted into space

Falcon 9 SpaceX heavy rocket lifts off