NEWS

TECHNOLOGY WILL NOT DESTROY JOBS, IT’LL JUST CHANGE THEM- BNP PARIBAS CHAIRMAN

Posted on by Gambeta News
TECHNOLOGY WILL NOT DESTROY JOBS, IT’LL JUST CHANGE THEM- BNP PARIBAS CHAIRMAN

Technology tends to be the biggest factor influencing businesses  today , said a top bank executive. According to BNP Paribas Chairman Jean Lemierre “Technology is changing the way we operate. Technology will change competition, terms of competition and this is positive,”. He also said “We need to accept this, we need to invest, and we need to adapt.” While speaking to CNBC, he added that technology will change jobs, rather than eliminate them. He also…

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DESIGN TEAM CHOSEN FOR OSLO METRO EXPANSION

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DESIGN TEAM CHOSEN FOR OSLO METRO EXPANSION

The design team which is a joint venture of Cowi and Multiconsult will design the new line, which is expected to run underground from Oslo’s transport hub, Majorstuen, west to the peninsula. CEO of Cowi, Lars-Peter Søbye; “We are proud to be designing this exciting and hugely important project. As well as the classic tunnel engineering competencies, we will also be consulting on issues related to water and the environment.” The project which includes six new…

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GOOGLE SUED FOR GENDER DISCRIMINATION

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GOOGLE SUED FOR GENDER DISCRIMINATION

Three women who worked at google just sued the company, claiming that female employees are paid less and forced into lower-tier positions. The three plaintiffs are a former software engineer, a former communications specialist and a former manager. All three women resigned after experiencing what they claim was discriminatory corporate practices. According to the suit, filed in a San Francisco court, Google is aware of the situation and has not made any effort to fix…

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SHEFFIELD MEADOWHALL SHOPPING CENTRE GETS EXPANSION APPROVAL

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SHEFFIELD MEADOWHALL SHOPPING CENTRE GETS EXPANSION APPROVAL

An expansion approval for the £300m Meadowhall shopping centre has been granted after councillors voted unanimously in favour of the proposals. The expansion is expected to transform the centre’s car park into a new retail destination known as The Leisure Hall to create a 1.1 million sq ft multi-level extension under a glazed roof, with added dining and entertainment options as well as internal and external spaces for events and community use. The expansion will also have…

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RAFAEL MONEO AWARDED PRAEMIUM IMPERIALE PRIZE FOR ARCHITECTURE

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RAFAEL MONEO AWARDED PRAEMIUM IMPERIALE PRIZE FOR ARCHITECTURE

Spanish architect Rafael Moneo has been named as the architecture laureate for the 2017 Praemium Imperiale a prestigious art prize awarded annually by the Japan Art Association. Since being brought into the public consciousness with his design for the National Museum of Roman Art in Mérida, Spain in 1986, Moneo has gone on to complete projects across the globe, notably the Madrid Atocha Railway Station (1992), the Cathedral of Our Lady of the Angels in Los Angeles…

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PEN LIKE DEVICES THAT TAKE SECONDS TO DETECT CANCER CELLS

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PEN LIKE DEVICES THAT TAKE SECONDS TO DETECT CANCER CELLS

The pen works by releasing a tiny droplet of water into the tissue, which soaks up chemicals inside the cells. it is then sucked back and analysis by a device called mass spectrometer, which can detect thousands of molecules before a doctor can give results on computer screen. Researchers at the University of Texas said the device can give surgeons exact information about which tissue to cut or preserve, which tends to  improve treatment and reduce…

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DEYAAR UNVEILS DH1BN(US$272M) SOUTH BAY TOWER

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DEYAAR UNVEILS DH1BN(US$272M) SOUTH BAY TOWER

Deyaar development has announced plan during the just concluded Cityscape Global 2017 to construction a South Bay Tower which is a premium residential, serviced apartment and hotel property that will be located in Business Bay, one of Dubai’s most desirable destinations for residents and tourists. South Bay Tower is design to focus on verticality, featuring sleek lines that effortlessly combine design with functionality and it is expected to be Deyaar first project with three accommodation components: residential, serviced apartment,…

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NEW AUTONOMOUS SYSTEMS COULD CONTRIBUTE TO IMPROVEMENTS IN ROAD SAFETY.

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NEW AUTONOMOUS SYSTEMS COULD CONTRIBUTE TO IMPROVEMENTS IN ROAD SAFETY.

An autonomous system capable of detecting actions which could suggest driver distractedness  has been created by researchers at the university of waterloo.  With the aid of  machine learning algorithms  it can detect patterns of behaviour when trained on enormous datasets  to recognise the hand movements indicative of texting, talking on a phone, reaching into the backseat to retrieve an object and other actions which deviate from safe driving. In addition to the machine-learning software ,…

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THE DUAL ARMED ROBOT ”YuMI” LEADS HUMAN ORCHESTRA

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THE DUAL ARMED ROBOT ”YuMI” LEADS HUMAN ORCHESTRA

Italian tenor Andrea Bocelli’s voice soared to the rafters of a Tuscan theatre, but all eyes were on YuMi, an automaton designed by Swiss company ABB. It consists only of a small unit with two arms and is placed on a table. It has no face, no legs, no fancy features. The robot ‘YuMi’ conducted three of the 18 pieces performed at the concert, including the famous La Donna e’  mobile from Giuseppe Verdi’s masterpiece…

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CHINA SIGNS FIRST PRIVATE HIGH SPEED RAIL DEAL

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CHINA SIGNS FIRST PRIVATE HIGH SPEED RAIL DEAL

The government of Zhejiang province and a  group led by Fosun High Technology has signed a Public-Private Partnership (PPP) deal  for the first high speed rail project in China to be funded by a private sector. Fosun, a conglomerate known for aggressive acquisitions around the world, is to organise an investment fund of US$6.9bn, which will give it a 51% holding in the project while four(4) state-owned enterprises, including China Railway Corporation, will provide the remaining funds…

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UNION PROPERTIES PLANS SUBSIDIARY COMPANIES CONSTRUCTION

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UNION PROPERTIES PLANS SUBSIDIARY COMPANIES CONSTRUCTION

Union Properties, one of the UAE leading property investment developers has announced plans to diversify its operations and revenue sources by opening two new fully-owned subsidiary companies: Union Malls and Al Etihad Hotel Management. The both projects is expected to be located in the heart of MotorCity where the Union Mall is to provide retail and leisure options with a 100,000-sq-m complex spreading over four floors while Al Etihad Hotel Management will develop and manage luxury hotels and furnished…

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US$300M GAS DEAL BETWEEN SHORELINE ENERGY AND SHELL

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US$300M GAS DEAL BETWEEN SHORELINE ENERGY AND SHELL

Nigerian energy company Shoreline has signed a US$300 million agreement with  Shell to develop, buy,market, distribute  and sell gas  in  the commercial capital, Lagos. Meanwhile,  in June Shell said  that it would place more emphasis on gas rather than oil in the West African country, which has the world’s ninth-largest proven gas reserves at 187-trillion cubic feet. It said the agreement provided exclusive rights to distribute and sell gas in those areas. “The partnership is…

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CHINA TO FUND US$1.2bn ZAMBIAN HIGHWAY

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CHINA TO FUND US$1.2bn ZAMBIAN HIGHWAY

Zambia has launched construction of the 321-kilometer Lusaka-Ndola dual carriageway that connects the southern and central parts of the country to the mining towns in the Copperbelt province. The mega-road project which will be constructed by China Jiangxi Corporation for International Economic and Technical Cooperation (CJIC) at a cost of  US$1.2bn, is funded by a loan from China’s Exim Bank. The new road when completed will improve the flow of traffic and drastically reduce accidents on…

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Road Construction work to disrupt Murtala Muhammed Airport, Nigeria

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Road Construction work to disrupt Murtala Muhammed Airport, Nigeria

The Federal Airports Authority of Nigeria (FAAN) has warned passengers to brace up for inconveniences due to the just commenced construction works on the Murtala Muhammed Airport Road in Lagos, Nigeria. The project will involve the reconstruction and expansion of the existing carriage to a three-lane expressway with two-service lane, a ramp bridge to provide a detour from the Ajao Estate corridor as well as a flyover at NAHCO/Toll Gate and some drainage works. Nonetheless,…

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CHINA TO BAN THE SALE OF DIESEL AND PETROL CARS AND VANS.

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CHINA TO BAN THE SALE OF DIESEL AND PETROL CARS AND VANS.

China’s industry ministry is developing a timetable to end production and sale of  fuel cars and will promote development of electric technology as Beijing seeks to ease pollution. The country’s Deputy industry minister, Xin Guobin told a forum in the northern city of Tianjin at the weekend that his ministry had started “relevant research” and is  working on a timetable for the ban. In July, France and Britain announced that  they will stop sales of petrol and diesel cars…

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STRABAG TO BUILD HIGHEST BRIDGE IN AFRICA

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STRABAG TO BUILD HIGHEST BRIDGE IN AFRICA

South African National Roads Agency Limited (SANRAL) has awarded the construction of  US$130m N2 Wild Coast Bridge, to a joint venture between Austrian contractor Strabag and Aveng Grinaker, a Port Elizabeth-based civil engineer. The bridge which was designed by Danish architect Dissing + Weitling, will have a cantilevered structure that will be 1.1km long and rise around 220m above the Mtentu river in the Eastern Cape region of South Africa. In a statement SANRAL commented that Strabag had “extensive…

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MAG CREEK WELLBEING RESORT UNVIELED

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MAG CREEK WELLBEING RESORT UNVIELED

MAG properties development has unveiled its latest resort ‘MAG Creek Wellbeing’ at the ongoing Cityscape Global 2017. The Dh2.2bn (US$599m) project reflects the company’s ability to achieve industry excellence and exceed its customers’ expectations in the freehold sector by introducing innovative and unprecedented and paradigm – changing real estate concepts, according to the developer. MAG Creek is expected to be a unique gated community spanning over 898,786 sq ft and covering 550 m of the Dubai Creek…

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AMAZON OPENS BID FOR SECOND HEADQUARTERS

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AMAZON OPENS BID FOR SECOND HEADQUARTERS

Amazon founder and chief executive Jeff Bezos has made it known that Amazon plans to build a massive second headquarters in North America that will equal its current headquarters in Seattle and are ready to spend US$5bn over 15-17 years on the project. In line with this, Amazon has asked interested cities to submit proposals for housing the new headquarters. He said, Amazon are willing to look beyond the US for the new Headquarters location, so Canadian cities…

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HDR TO DESIGN AUSTRALIAN DETENTION CENTRE

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HDR TO DESIGN AUSTRALIAN DETENTION CENTRE

The new youth justice centre contract has been awarded to Henningson, Durham and Richardson (HDR), Inc firm as the principal consultant. The firm is expected to work with the stakeholders through the Youth Justice Redevelopment Project team to develop the design and masterplan for the center at Cherry Creek. Minister for families and children, Jenny Mikakos saud; “This is the next important step in rebuilding Victoria’s youth justice system. This new facility will be a world class,…

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PLANS UNVIELED FOR NEW VENICE IN DUBAI

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PLANS UNVIELED FOR NEW VENICE IN DUBAI

Plans are underway for the AED2.5bn (£516m) resort which is expected to be located in the World islands, 4km offshore from Dubai and will bring an authentic Venetian experience to the Middle East according to developer Kleindienst Group. The new floating Venice  is designed to have a lifespan of at least 100 years and will be constructed from a mixture of concrete for the underwater sections and marine lightweight materials for the upper decks. The floating resort is aimed…

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