One platform for each and everythingThe machinery belonging to the business area, which focuses on global materials distribution and processing services, is highly diverse: The machines perform a wide range of tasks, were made by various manufacturers and differ in age. Now toii makes it possible to connect bandsaws and bending machines, mobile objects like cranes and forklifts and even complex production facilities such as slitting and cut to length lines and sophisticated processing solutions through milling machines and laser systems digitally in line with the Industrial Internet of Things. The digital platform allows the machines to share data and communicate with one another and with the IT systems. Processes can be planned and coordinated optimally and flexibly – across locations, worldwide. As a further major benefit, the platform simplifies data analysis. Which product has been produced when and in what quantities? Which machine needs maintenance? What could be developing into a problem? What additional materials need to be delivered? The system answers all of these questions and many more by gathering and analyzing data. The results are just a mouse click away – clearly structured and easy to understand.
“We’ve created an end-to-end solution that is tailored specifically to our needs. It will enable us to accelerate the automation of our production operations and make our processes much more efficient,” says Hans-Josef Hoß from the board of thyssenkrupp Materials Services. “We are now taking the digital transformation to the core areas of our business: our production shops, our machinery and equipment, and our materials. Our customers will feel the benefit – and so will we.”
toii has already successfully proven its worth in several pilot projects. For example, at Materials Processing Europe in Mannheim, a new, highly complex cut to length line that cuts sheet from coil was fully connected with the platform. The result: toii transfers work orders directly and in real time from the SAP system to the machine and controls its settings from sizes and weights to volumes. The platform also automatically retrieves the machine information required by SAP. As a result, the status of production and the finished products can be viewed at any time. Other machines have also already been digitally connected and automated using toii, for example measuring the thickness of metal strips for effective quality control and automatic blanking. In the latter case, the platform even made it possible to fully integrate the blanking operation into a production line. In other areas, from high- bay storage to mobile construction machinery, toii is improving efficiency as well.The platform is an in-house development, highly scalable, and can integrate up to several hundred machines a year. An international Materials Services team of IT professionals from Germany, India and the USA worked together to develop toii. Alongside various projects in Germany, there are already plans to deploy the system in the UK and the USA. All data are currently hosted on a central server in Germany. But to be able to comply with all data protection law requirements, local servers will also be created in the UK and USA as part of the further roll-out.thyssenkrupp Materials Services is systematically driving the digital transformation of the business area throughout the entire value chain. In many areas, connected collaboration and interactive processes are already well established – from logistics, warehousing and line utilization to purchasing and administration. The focus is on customers and their individual requirements. The aim: to continuously develop and implement made-to-measure digital solutions that allow for smarter and more effective collaboration and open up completely new possibilities.About thyssenkrupp:thyssenkrupp is a diversified industrial group with traditional strengths in materials and a growing share of capital goods and service businesses. Over 156,000 employees in nearly 80 countries work with passion and technological know-how to develop high-quality products and intelligent industrial processes and services for sustainable progress. Their skills and commitment are the basis of our success. In fiscal year 2015/2016 thyssenkrupp generated sales of around €39 billion.
Together with our customers we develop competitive solutions for current and future challenges in their respective industries. With our engineering expertise we enable our customers to gain an edge in the global market and manufacture innovative products in a cost- and resource-friendly way. Our technologies and innovations are the key to meeting diverse customer and market requirements around the world, growing on the markets of the future, and generating strong and stable earnings, cash flows and value growth.
About thyssenkrupp Materials Services: With around 480 locations in over 40 countries, the Materials Services business area specializes in materials distribution, logistics and services, the provision of technical services as well as services for industrial plants and steel mills. In addition to rolled steel, stainless steel, tubes and pipes, nonferrous metals, specialty materials and plastics, Materials Services also offers services from processing and logistics to warehouse and inventory management through to supply chain and project management.
| A Thyssenkrupp Materials release || August 21, 2017 |||
The first round of long-awaited talks on modernizing NAFTA finished Sunday, with Canada, Mexico and the United States issuing a statement that they had made "detailed conceptual presentations" of their positions. Negotiators from the three countries will meet again in Mexico on September 1 to continue trying to revise the trade pact. But while all say they are keen to see a new deal emerge, they still have to navigate the political risks attached to any commercial agreement.
Donald Trump´s promise to renegotiate trade deals was a key plank of his "America First" campaign platform. One of his first acts in the White House was to withdraw the United States from the Trans-Pacific Partnership (TPP) with countries in Asia-Pacific and the Americas, including Australia, Canada, Chile, Japan, Malaysia, New Zealand, Peru, Singapore and Vietnam. Meanwhile, negotiations between Washington and the European Union for the Transatlantic Trade and Investment Partnership (TTIP) have not resumed since Barack Obama left office.
Speculation now centers on the future of the North American Free Trade Agreement, typically seen by many economists as at least a qualified success story. Since 1994, trade between the United States, Mexico and Canada has more than tripled, forming a trading bloc with a combined GDP of around 20 trillion dollars.
However, prominent representatives of both the left and right, from Bernie Sanders and Ralph Nader to Ross Perot and Pat Buchanan, have long criticized the agreement for contributing to a hollowing out of the country´s manufacturing industry and lost U.S. jobs, partly because of increased trade deficits with Mexico and Canada. Right-wingers also accuse NAFTA of undermining U.S. sovereignty and opening up the United States to what they see as an increasing threat from drugs, crime and immigration from Mexico.
From a different standpoint, even some previous advocates of NAFTA have become less enthusiastic about the deal. This is partly because the three countries have been unable to fully address challenging issues like tightened border security.
NAFTA is also seen to have stalled because Mexico, Canada and the United States have increasingly preferred to push bilateral solutions rather than addressing opportunities and problems trilaterally. A key rationale for the prevailing lack of triliteralism in the continent is that the NAFTA architects from Canada and Mexico wanted to curb EU-type political institution building they feared would lead to a Brussels-style bureaucracy dominated by Washington.
Equally, Washington has generally disliked the idea of developing any pan-North American political institutions that could rein in U.S. autonomy.
Trump jumped into this cauldron of criticism in the 2016 election campaign by calling NAFTA "the worst trade deal maybe ever signed anywhere, but certainly ever signed in this country." In key electoral states like Ohio and Pennsylvania, his championing of an anti-international trade agenda helped win him significant support last November. (In April, Trump told Reuters that he had been "psyched" to terminate NAFTA, but changed his mind after Canada and Mexico asked for it to be renegotiated instead.)
Many U.S. businesses have urged that forthcoming negotiations should not jeopardize existing market access, and that the key negotiating principle should, in the words of United States Trade Representative (USTR) Robert Lighthizer, be to "do no harm." Now the USTR and the administration must assess exactly how much overhaul is politically necessary to meet the expectations generated by Trump´s statement that "we´re going to make some very big changes or we are going to get rid of NAFTA once and for all."
The renegotiations have high political stakes for Canada and Mexico too. If agreement cannot be reached before the Mexican presidential election on July 1, 2018, negotiators could have to deal with NAFTA skeptic and current poll favorite Andrés Manuel López Obrador. The left-wing populist has positioned himself as a critic of Trump and the U.S. president´s "campaign of hatred" against Mexico since the 2016 U.S. presidential campaign.
Uncertainty over NAFTA, the TPP and Trump´s trade policies in general, could create a significant political vacuum. That, in turn, could give China a gap to exploit - a gap Beijing is waiting to take. Chinese Vice Foreign Minister Li Baoding said last year, "protectionism is rearing its ugly head...China believes we should set up a new plan to...sustain momentum for the early establishment of free trade areas."
Beijing´s alternative vision includes a Free Trade Area of Asia Pacific (FTAAP), a long-term goal to link Pacific Rim economies from China to Chile that has been debated since 2004. In the shorter term, Beijing is also pushing a free trade pact, for which discussions have been underway since 2012, known as the Regional Comprehensive Economic Partnership (RCEP). That would include the 10 ASEAN members plus India, Australia, Japan, South Korea and New Zealand, but not the United States.
RCEP, which is smaller in scope to FTAAP, would create one of the largest free trade zones in the world. Collectively, RCEP countries account for around a quarter of global GDP, and some 46 percent of the global population.
While Chinese President Xi Jinping has asserted that RCEP and FTAAP do not "go against existing free trade arrangements," Beijing and Washington have for years had contrasting visions of shaping the regional order through formulation of NAFTA and TPP on one hand, and RCEP and FTAA on the other. From China´s perspective, RCEP and FTAAP would be more conducive to its national interests.
This is not least because, unlike TPP, Beijing would be explicitly part of the new economic agreements and able to shape their design by creating trade deals with China at the center. Reflecting this, former U.S. Trade Representative Michael Froman has despaired that Washington will now "be left on the sidelines as others move forward."
Continued uncertainty over Trump´s trade stance will only increase the prospects of China taking the lead in the competition for regional trade integration. This will potentially not just consolidate Beijing´s own regional power and its global political and economic influence, but also damage hard-won U.S. credibility with its local and international trading allies. No wonder that many in Washington recognize a lot is at stake in the NAFTA talks, and that a great deal of effort will be required in coming months to see a breakthrough. (Reporting by Andrew Hammond)
Read more: http://www.dailymail.co.uk/wires/reuters/article-4811154/Commentary-The-elephant-room-NAFTA-talks.html#ixzz4qTJwoPwHFollow us: @MailOnline on Twitter | DailyMail on Facebook || August 21, 2017 |||
Britain has set out proposals to ensure that goods and services currently approved for sale across the UK and EU can continue to be traded after Brexit.
The plans published by Brexit Secretary David Davis were welcomed by business leaders as an improvement on EU proposals which would require separate regulatory processes on either side of the Channel from the day after UK withdrawal.
Mr Davis said the UK was now ready to begin a "formal dialogue" on elements of the future UK-EU trade relationship, such as customs.
But Brussels indicated it will continue to resist UK pressure to bring forward trade talks, insisting they must wait until after sufficient progress has been made on the divorce deal - something which one EU leader said could drag on beyond the autumn.
Slovenian Prime Minister Miro Cerar told The Guardian: "I think that the process will definitely take more time than we expected at the start of the negotiations.
"There are so many difficult topics on the table, difficult issues there, that one cannot expect all those issues will be solved according to the schedule made in the first place."
But Downing Street said it remained "confident" of making enough progress on the issues of citizens' rights, the financial settlement and borders for the European Council to give the green light to the second phase of Brexit negotiations when it meets in Brussels in October.
Mr Davis's new position paper comes ahead of the third round of formal negotiations in the Belgian capital next week, and is expected to be followed in the coming days by further documents on issues like post-Brexit judicial co-operation, dispute resolution and data protection.
His Department for Exiting the EU (DExEU) said the UK's proposals were designed to smooth the way to "the freest and most frictionless trade possible" under a new partnership with the EU.
But Liberal Democrat Brexit spokesman Tom Brake dismissed them as a "fantasy wishlist", adding: "Nothing would provide businesses and consumers with more certainty than staying in the single market and customs union.
"That is the option this Government should be pursuing if it was serious about protecting jobs and free trade."
Britain's proposals envisage all goods placed on the market before Brexit day continuing to be sold in the UK and EU without extra restrictions or requirements after withdrawal, and state that the same principle should apply to services relating to these goods.
Approvals granted for products like cars to be sold across the EU should remain valid, and arrangements should be made to ensure continued oversight of the safety and regulatory compliance of goods like medicines.
With EU exports to the UK totalling more than £250 billion in 2016, DExEU argued that this approach would avoid "unnecessary disruption" during the move to new long-term arrangements.
A "narrow" approach to goods like agricultural products or food would risk "significant legal uncertainty and potential disruption for businesses and consumers both in the UK and the EU", the paper warned.
A separate paper recommended a reciprocal agreement on continued confidentiality for official documents shared by Britain with its EU partners while it was a member state.
Mr Davis said the papers provide "certainty and confidence in the UK's status as an economic powerhouse after we have left the EU" and make clear that " our separation from the EU and future relationship are inextricably linked".
He added: "We have already begun to set out what we would like to see from a future relationship on issues such as customs and are ready to begin a formal dialogue on this and other issues."
European Commission spokesman Alexander Winterstein said the publication of position papers was " a positive step towards now really starting the process of negotiations".
But he said any early move to talks on trade would have to be agreed by the 27 remaining EU states, adding: "There is a very clear structure in place, set by the EU27, about how these talks should be sequenced and that is exactly what we think should be happening now.
"The important thing is to realise that the clock is ticking, that we have no time to lose and that we need to get on with it."
The CBI said the UK paper was a "significant improvement" on EU proposals which would create a "severe cliff-edge" for goods currently on the market.
But director of campaigns John Foster said the simplest way to reassure companies was f or the UK to "stay in the single market and a customs union until a comprehensive new deal is in force".
The director of EU affairs at manufacturers' trade body the EEF, Fergus McReynolds, said: "The Government's position is helpful as it reaffirms the concerns of the manufacturing sector to secure the continuity of goods and supply of services from 2019 onwards. Industry now wants to see this resolved as quickly as possible."
And Adam Marshall, director general of the British Chambers of Commerce (BCC), said: "Businesses here in the UK as well as on the continent will welcome the British Government's desire to maintain maximum continuity in the way goods are traded when the UK withdraws from the EU."
Ukip business spokesman Christopher Mills said: "As far as these proposals go, they appear sensible. Businesses on both sides of the Channel are looking towards the politicians to act responsibly. Today the UK has - over to you, Brussels."
Shadow Brexit secretary Sir Keir Starmer said: "These papers come months after the EU published their plans and offer precious little new information or concrete proposals.
"It is increasingly clear that the Government are publishing bland, non-committal papers as a smokescreen to mask their failure to make any meaningful progress on phase one's core negotiating issues - including citizens' rights.
"Instead of preparing the ground for failure, the Government should focus on reaching an early agreement to the first stage of talks and make an early commitment to establish strong transitional arrangements."
| A BelfastTelegraph release ||
National is promising to deliver New Zealand's boldest-ever trade push if it wins the election, creating "shiploads of jobs" and giving the economy a multi-billion dollar boost.
Trade spokesman Todd McClay says a National-led government will work to unlock markets with 2.5 billion new consumers for the benefit of large and small exporters in every region.
"This new trade access will create shiploads of jobs and be worth billions of dollars to our economy and businesses across the country," he said on Tuesday.
Most of the initiatives Mr McClay is committing to following through have already been announced and some, including TPP11, are under negotiation.
National leader Bill English, who was with Mr McClay to make the announcement in Auckland, said it was the first time the entire list of trade initiatives had been brought together.
"We hope to have significant success to help the export sector," he said.
"Labour wants to renegotiate TPP11 - if that happened, it would mean the end of it."
The list of targets for "high-quality and comprehensive" free trade agreements include:
* The European Union
* The United Kingdom (following Brexit)
* Sri Lanka
* Brazil, Argentina, Paraguay & Uruguay
Negotiations to be completed are:
* The Trans Pacific Partnership 11
* Mexico, Chile, Colombia and Peru (The Pacific Alliance)
Existing agreements to be upgraded with:
* China
* Singapore
* The Association of South East Asian Nations.
Mr McClay told reporters the European Union FTA negotiations could start later this year and he wanted to complete all those that are underway within the next three years.
"We can't say we will take five or 10 years to negotiate deals... this isn't too ambitious."
| A Beehive release || August 21, 2017 |||
Air New Zealand customers at Sydney Airport will get to experience the role robots may play in future travel journeys this week. Click here to watch Air New Zealand’s Chief Digital Officer Avi Golan and CommBank’s Tiziana Bianco explore the future of travel with social robots.
The airline is partnering with CommBank in a five-day experiment utilising Chip CANdroid, the bank’s social humanoid robot, which will interact with and assist Air New Zealand customers checking in and at the gate prior to boarding.
Air New Zealand Chief Digital Officer Avi Golan says “this partnership and experiment with Commbank and Chip is another way we are pushing the boundaries to ensure we remain at the forefront of technology which will allow us to further enhance the experience we offer our customers.”
Air New Zealand has worked with a range of technology partners to introduce innovations which are enhancing the experience it offers customers. For example, Oscar, the artificial intelligence–backed chatbot has been introduced to assist customers with a more personalised online experience or biometric bag drops which identify customers using face-to-passport recognition.
“We are also experimenting with potential enhancements of the future, including the idea of our cabin crew one day using Microsoft’s HoloLens augmented reality viewers onboard our aircraft,” says Mr Golan
Commonwealth Bank established a social robotics team within its Sydney Innovation Lab in late 2016, with the intention of partnering with leading corporates and research institutions to better understand the opportunities and challenges that physical robotic technologies present in a variety of commercial contexts.
Tiziana Bianco, General Manager Innovation Labs, Commonwealth Bank says “this experiment is a great example of why we invested in social robotics; working collaboratively with an innovative client like Air New Zealand, while also engaging some of the brilliant minds from UTS’s Centre for Artificial Intelligence. It is a wonderful opportunity to explore the possibilities of a horizon technology such as social robotics, and what it might enable in the future.”
Ms Bianco says social robots can bring to life information that is not particularly engaging when delivered by a screen.
“People interact with them in a very social and sometimes emotional way, which means they can enhance experiences in ways that other technologies are unable to do,” Ms Bianco says.
“Chip is one of the most advanced humanoid robots in the world, and is perfect for our work aimed at understanding how humans and robots interact in dynamic social spaces.
“The opportunity to experiment with a robot like Chip in a real world environment such as Sydney Airport is unique, even on a global scale. It is also incredibly valuable, as it allows both corporates and academics to contribute to the growing field of research in social robotics and ensures that both CommBank and Air New Zealand remain at the forefront of disruptive technologies.”
Air New Zealand customers can meet Chip at the Air New Zealand check-in counter and at selected departure gates at Sydney International Airport from Monday 21 August until Friday 25 August.
Click here to watch Air New Zealand’s Chief Digital Officer Avi Golan and CommBank’s Tiziana Bianco explore the future of travel with social robots.
| An Air New Zealand release || August 22, 2017 |||
New regulations for New Zealand’s fuel specifications will support the growth of lower-emission fuels that are better for people, the environment and cars, Energy and Resources Minister Judith Collins announced today.
The Regulations set out minimum standards for fuel performance, and change incrementally over time to keep up with new technology and international best practice.
“There are four significant changes – three that enable greater fuel supply choice and market-led innovation in the fuel mix; and one to reduce harmful emissions:
· Introducing a total oxygen limit, which potentially allows a wider range of fuel blends;
· Increasing New Zealand’s limit for methanol in petrol from one to three per cent volume;
· Raising the biodiesel blend limit in diesel from five to seven per cent; and
· Reducing the sulphur level allowed in petrol from 50 to 10 parts per million.
“The changes carry multiple benefits for consumers and for our environment.
“Three of the changes – the introduction of a total oxygen limit, increasing the biodiesel blend limit, and increasing the methanol blend limit – could potentially allow more flexibility in fuel mixes, a reduction in harmful emissions and increased diversity and enhanced security of local supply.
“The other change of reducing the sulphur level in petrol is specifically targeted to reduce harmful emissions, which will have health and environmental benefits. This is consistent with the most stringent fuel standards in the world, most notably in Europe, Japan and the United States,” says Ms Collins.
All of the amendments will take effect from 2 October 2017, apart from the change to the maximum sulphur level, which will come into effect on 1 July 2018.
More information is available at: http://www.mbie.govt.nz/info-services/sectors-industries/energy/liquid-fuel-market/reviewing-aspects-of-the-engine-fuel-specifications-regulations-2011
| A Beehive release || August 22, 2017 |||
This new customised scam gives the old fashioned con artist the full leverage of the electronic funds transfer era.
A new wave of money transfer fraud techniques is on its way to New Zealand. It is the President scam, so called because it is centred on the departure from secure procedures triggered by a very senior official in the targeted organisation intervening and giving the appearance of wanting the fraudulent transfer to take place.
Under the President modus operandi someone poses as the boss of an organisation. They then conjure up an exception of some kind and which requires an instant transfer of money. The controlling officer, the one at the receiving end of the email or telephone call, then instructs the operations person concerned to implement the transfer. Or transfers it personally.
Inherent in this confidence trick is the artificial flap and the urgency it generates, an urgency designed to wash away any remaining security steps, especially any suspicion about the entity on the other end of the money transfer.
The theme of the President scam is that it differs from other transfer frauds in that it is designed to be implemented and completed in minutes rather than hours.
However the preparatory spade-work by the perpetrator will take much longer and involves a close study of the voice and verbal pattern of the senior official, the President, who is being mimicked. It will also require an evaluation of the vulnerability of the authorisation chain and especially of the individual who will press the button on the transfer.
These weak links may include for example a command chain noted for an informal i.e careless approach to established procedures.
Also an organisation in which the boss, the President, is known for making procedural short cuts. A boss who is feared in this context represents a weak link because line staff will want to avoid incurring their ire and so be more willing to take the procedural short cut.
There are of course a number of variants on the President scam.
These include the scam artists impersonating suppliers who claim that if a certain payment is not immediately made, that they will cause, for example, a production line to close down.
A particularly nasty twist is when a known adviser, perhaps the head of an organisation’s firm of accountants appears to be ringing in, urgently advocating the settlement of this or that account before the sky falls in.
In Europe where the President scam was developed and refined there can often be a conspiratorial aspect to the impersonation in which the scam artist seeks to impersonate elements of the forces of law enforcement, and seeks the covert assistance of someone connected with money transfers on the grounds of patriotism.
The money transferred under the President scam moves quickly through the hot money arteries, bouncing around countries with low banking surveillance, before being laundered, and often factored through commodities and other merchandise.
The history of the preceding waves of electronic scamming indicates that the International fraud artists turn their attention to New Zealand when they have picked the eyes out of the low hanging fruit in the northern hemisphere.
This time, as we shall see, is about now. Neither can we claim that the President technique has not already been applied to New Zealand. It may have been intercepted. Or the victim organisation has shut up about it.
Anyone involved in money transfer knows that by its very existence any chain of authorisation is vulnerable just because humans are involved.
So we have to hold onto something solid. In this case documentary credit instruments represent the best banking landmark. This means, in this context, sight documents.
Why? Because seeing is believing. Any departure, any exception, from authorised procedure must be verified by “sighting” the individual, the President, the CEO, or the CFO who is demanding the implementation of the exception to standard practice i.e. the money transfer.
The reason that sight procedures (never in this connection ever to be confused with citing or even “site” procedures)apply now is just because unlike previous waves of point to multi point stacked scams, the President formula relies on a high degree of customisation.
This means for example that an email used in the scam will be customised around the known habits of the President and also around the known personality of the target, the officer of the organisation authorised to make the transfer.
This email may, for example, have a holiday home telephone number. “Ring me for verification.” The person at the other end of the line will be the impersonator, perhaps with a nasty cold in order to cover up any discrepancy in tonality.
It is this customisation that makes the President scam so dangerous to New Zealand organisations.
Organisations should now evaluate the wisdom of displaying and generally publicising the names of their treasury people, especially on their web sites. They are the point of departure for practitioners of the President scam.
As practitioners turn their attention to southern latitudes we find that only in the simplicity of direct sight, the face-to-face encounter, is there an antidote to this curious yet so far extremely successful blend of the old fashioned confidence trickster merged now with the speed of light of a numerical transfer.
How vulnerable are New Zealand medium to large organisations to this new threat?
Until now the publicised victims of electronic scams of all stripes have been individuals, householders.
The first wave was the Nigerian one in the fax era. Then followed a medley centred on phishing or bank impersonation. Dismayingly the banks insist on using emails to send out their promotional material which means that they cannot collectively state that any email from a trading bank is by definition a false one.
It is in this year’s wave, the telephone calls from Microsoft accredited agent impersonators that we find the direction of this new scam.
As this particular Microsoft scam developed it was observed that recipient caller display bars began to show New Zealand telephone numbers.
Though replies indicated that the caller display numbers elicited no response.
Another pointer is the arrival in the Auckland area especially of criminal gangs working over ATMs.
We are entering the era in which organisations will have to start becoming reticent about their financial authorisation chains in terms of who staffs them.
Similarly with IT structures in which any unanticipated request for tests should be flatly ignored.
At least, until the sight verification.
| From the MSCNewsWire reporters' desk - European Correspondent || Tuesday 22 August 2017 |||
Bartlett School of Architecture graduate Cassidy Reid has designed a concept for a high-speed transport network based on Hyperloop to create infrastructural and cultural corridors across Europe, and shrink travel time between cities.
Connecting London to Krakow in just one hour and ten minutes, and passing through Brussels, Cologne, Frankfurt and Prague, Reid's Pan-European Corridor network leverages newly developed Hyperloop technology to make Europe's cultural corridor easily commutable while also helping to connect deprived communities that have been "left behind" by globalisation.
Hyperloop is the vision of entrepreneur Elon Musk, the founder of Tesla Motors, PayPal and space exploration company SpaceX. The system employs mag-lev — the same technology that is used by high-speed trains in Japan – in which the electromagnetic levitation of the train means there is no friction, unlike traditional trains that run on tracks.
Musk, who first unveiled the concept for Hyperloop in 2013, later open-sourced the technology and is no longer directly involved in its development.
In Reid's Hyperlink masterplan, the corridor's most populous and diverse terminus would be located in London. Integrated into a bridge on the River Thames, the high-speed twelve-track terminal is designed to "evoke a space-bending feeling of connectivity between other European major cities".
Continue here to read the full article on deZeen . . . | August 21, 2017 |||
Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
Offers invited over $9,000
Contact: Henry Newrick – (+64 ) 27 471 2242
Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
Contact: Henry Newrick – (+64 ) 27 471 2242