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[Misc] (HL-20190922~20190928) Weekly Headlines
ÃÖ°í°ü¸®ÀÚ  |  19-09-20 11:02

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(Mon) Drone delivers shark warning to surfer
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A surfer enjoying the pristine waters off Australia's east coast Sunday didn't see the large shark beneath the surface , but a nearby drone operator did. Using a search and rescue drone equipped with infra-red thermal imaging and a warning speaker system, amateur drone pilot Christopher Joye captured the moment the shark approached. Joye says he blasted the alert, causing the surfer to quickly turn toward shore. That's when the shark headed to deeper waters. Joye, who is also a fund manager, has previously run shark patrols on Australian beaches as part of a campaign to keep swimmers safe using drones, which he believes work better than shark nets.

(Tue) Saudi attacks threaten gas price hikes
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Get set to pay higher prices at the pump. Analysts say prices will likely rise in coming days after attacks on Saudi Arabia's oil facilities Saturday knocked out more than 5% of global oil supply. That drove gasoline futures up more than 10% Monday. California motorists could get hurt the hardest. Nearly half of all U.S. crude imported from Saudi Arabia goes to the West Coast, and much of that heads to refineries in California. The state relies heavily on imports . That's partly because it's geographically isolated, and it lacks pipelines to connect it with Texas and other states rich in oil. Californians already pay the second highest average gas prices in the U.S. at $3.63 a gallon. The AAA says the national average for regular gas is $2.57 a gallon. Chevron's refineries in the Californian cities of Richmond and El Segundo are among the biggest buyers of Saudi crude. A Chevron spokesman said the company will "take the necessary actions to continue to meet the needs of the marketplace." American motorists have been paying relatively low prices for gas. But a big spike in prices can act as a tax on consumers, whose spending has kept the U.S. economy growing at a time of a global slowdown.

(Wed) Tokyo tests snow to counter 2020 Olympics heat
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Fans and athletes at the 2020 Tokyo Olympics might be able to take a little break from next summer's heat - with some snow. On Friday, organizers sprinkled artificial snow on spectators at a test event to see if it would help with the high temperatures and humidity. "Snow machine cannot actually cool down the temperature but instead it can give a cooling feeling to visitors with the pieces of ice that fall down them." As the race to the 2020 Olympics in Japan heats up, organizers are scrambling to work out countermeasures to cool everybody down. Temperatures commonly pass 30 degrees Celsius - that's 86 degrees Fahrenheit - in July and August, when the games are slated to begin next year. This year, a deadly heat wave had killed scores of people since July. One construction worker, who died of suspected heatstroke according to local media, was found unconscious on the grounds of a Tokyo 2020 construction site. "It's important to take measures to stay safe in the heat if we want to avoid something like this happening again. I think it is important for these measures to be officially implemented." Other countermeasures for the heat include water vapor sprays, as well as air-conditioned rest areas in the venue.

(Thu) Fake-meat craze catches eye of grain, seed firms
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The meteoric rise of the plant-based meat industry and leading start-up manufacturers Beyond Meat and Impossible Foods - has caught the attention of another business sector - big agriculture. Recent announcements show top grain and seed companies are jumping on the bandwagon to cash in on the booming alternative-meat trend. For example Bunge recently disclosed it's taken a small stake in Wall Street darling - Beyond Meat. Right now fake-meat only accounts for about 5% of all meat sales in the U.S. but that number is expected to triple over the next decade , according to one estimate. And it's not just Bunge, Cargill and Archer Daniels Midland are also getting in on the craze. They've either bought stakes in fake-meat start-ups, their suppliers, or are looking to sell directly to plant-based meat producers. These moves - also defensive - since grain and seed companies could face lower sales to traditional meat producers, who buy their products for animal feed. So far an investment in fake-meat is yielding beefy returns. Shares of Beyond Meat are up 250 percent since their May IPO.

(Fri) Ferrari chases growth with flurry of car launches
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Ferrari is chasing after growth. The sportscar maker showed off two new models on Monday. One is the hardcore F8 Spider; the other a more relaxed grand tourer. That takes total product launches to four so far in 2019, and Ferrari's not done yet. The wraps will come off a fifth new vehicle before Christmas. That will mark the brand's busiest ever year. Ferrari says it wants to grow by selling a wider range of models - rather than bigger numbers of the same few cars. Key to that will be its first SUV - expected by late 2022. The Italian firm hopes all this will help it double core earnings and boost margins to near 40 percent. But any rise in numbers is still small in absolute terms. Ferrari shipped fewer than 10,000 cars last year. Compared with 250,000 by rival Porsche. Ferrari chairman John Elkann says he won't target those kind of numbers. Relative rarity , he says, is the key to keeping the Prancing Horse brand as exclusive as possible.

** Other Latest Headlines **

* Businesses unhappy with gov't retirement age extension plan

Businesses are expressing concern about the government's possible move to extend the legal retirement age to 65 years from the current 60, according to industry officials, Thursday. They said extending the retirement age could further increase the burden of companies already reeling from the sluggish economy and unfavorable business environment. An official at one of Korea's major business associations said although the retirement age extension could be a viable option to cope with the rapid demographic change, opinions are mixed among different economic players, and the government should seek a social consensus. "Extending the legal retirement age could hamper youth employment at a time when the nation is struggling to create jobs, especially for young graduates," the official said on condition of anonymity. "It could worsen the generational conflict." The unemployment rate for young adults ¡ª those aged between 15 and 29 ¡ª stood at 7.2 percent in August, according to data from Statistics Korea. On Wednesday, the government announced it was considering introducing a new system that would require companies to employ workers for up to five years beyond the current retirement age of 60.

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