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Monday, December 2, 2013

Police in the West Midlands in England today said nearly 200 kilograms worth of drugs with value possibly as great as £30 million (about US$49 million or €36 million) has been seized from a unit in the town of Brownhills. In what an officer described as “one of the largest [seizures] in the force’s 39 year history”, West Midlands Police reported recovering six big cellophane-wrapped cardboard boxes containing cannabis, cocaine, and MDMA (“ecstasy”) in a police raid operation on the Maybrook Industrial Estate in the town on Wednesday.

The seized boxes, which had been loaded onto five freight pallets, contained 120 one-kilogram bags of cannabis, 50 one-kilogram bags of MDMA, and five one-kilogram bricks of cocaine. In a press release, West Midlands Police described what happened after officers found the drugs as they were being unloaded in the operation. “When officers opened the boxes they discovered a deep layer of protective foam chips beneath which the drugs were carefully layered”, the force said. “All the drugs were wrapped in thick plastic bags taped closed with the cannabis vacuum packed to prevent its distinctive pungent aroma from drawing unwanted attention.” Police moved the drugs via forklift truck to a flatbed lorry to remove them.

Detective Sergeant Carl Russell of West Midlands Police’s Force CID said the seizure was the largest he had ever made in the 24 years he has been in West Midlands Police and one of the biggest seizures the force has made since its formation in 1974. “The impact this seizure will have on drug dealing in the region and the UK as a whole cannot be underestimated”, he said. “The drugs had almost certainly been packed to order ready for shipping within Britain but possibly even further afield. Our operation will have a national effect and we are working closely with a range of law enforcement agencies to identify those involved in this crime at whatever level.”

Expert testing on the drugs is ongoing. Estimates described as “conservative” suggest the value of the drugs amounts to £10 million (about US$16.4 million or €12 million), although they could be worth as much as £30 million, subject to purity tests, police said.

Police arrested three men at the unit on suspicion of supplying a controlled drug. The men, a 50-year-old from Brownhills, a 51-year-old from the Norton area of Stoke-on-Trent in Staffordshire, and one aged 53 from Brownhills, have been released on bail as police investigations to “hunt those responsible” continue. West Midlands Police told Wikinews no person has yet been charged in connection with the seizure. Supplying a controlled drug is an imprisonable offence in England, although length of jail sentences vary according to the class and quantity of drugs and the significance of offenders’ roles in committing the crime.

Tuesday, December 4, 2007

On the third day of the 2007 Taipei IT Month in Taiwan yesterday, notebook computers and desktop computers built with AMD’s Phenom processor and Intel Penryn processor openly battled for the consumer-market after each company launched their quad core processors.

Intel with partners like Acer, Genuine, ASUS, and Lenovo promoted their desktops with Core 2 Quad and notebooks with Centrino Duo, even though Intel didn’t plan to exhibit in IT Month. Intel’s Taiwan division is holding two road shows for DIY experts. One was on December 1 while the second will be on December 8.

AMD, on the other hand, put on a showcase for IT Month with a “Bee Movie“ booth-style exhibit at halls 1 and 3 of the Taipei World Trade Center. AMD’s subsidiary company ATI showcased HDMI and Full HD with a demonstration of a new graphic card named “Radeon HD2000”.

As the two rivals postured over factors like performance and high-definition, Wikinews reporter Rico Shen interviewed some of their partners. BenQ and Micro-Star International both said: “No matter whether the consumer chooses a computer with AMD or Intel, the consumer should consider it based on functionality and practically before purchasing. For example, some low-price notebook computers (EeePC, OLPC) were launched before the show because notebook computer manufacturers had considered and evaluated what a consumer really want. Sincerely, I recommend a consumer not be fooled by a its price but to consider its functionality first!”

Sunday, April 3, 2005The annual Sunday Times Rich List published today showed that Ireland now has six euro billionaires, up from four last year. The combined wealth of Irelands 250 wealthiest is €42.3bn.

Topping the list was the new entrant Hilary Weston with a fortune estimated at over €7.2bn. Weston was excluded in previous lists because the majority of her wealth was made abroad, however a rule change this year allowed the Dublin born model to enter in first place. Mrs Weston, 63, grew up in Ireland and built her modeling career there before becoming wed to Galen Weston, heir to his grandfathers multi-billion euro retailing fortune in Canada. The couple permanently moved to Canada in 1983 after a kidnap attempt by the IRA.

The top six on the list were as follows:

1. Hilary Weston and family; €7.286bn – Retailing
2. Sir Tony O’Reilly; €1.897bn – Food, media and inheritance
3. John Dorrance; €1.857bn – Inheritance
4. Dermot Desmond; €1.239bn – Finance
5. Sean Quinn; €1.157bn – Quarries, hotels, insurance and industry
6. Tony Ryan; €1.114bn – Airline

The iconic rock group U2 placed 10th with a combined fortune of €629m.

Tuesday, January 1, 2008

A fire in the Borrabbin National Park between Southern Cross and Coolgardie Western Australia, has so far burnt out 29,000 hectares and killed three truck drivers when the convoy they were travelling in was engulfed by the flames. Great Eastern Highway the primary road for all traffic from Perth heading to the East Coast of Australia has been closed. An alternate route is in place, police are diverting traffic at Norseman. The diversion adds 250 km(160 mi) for the journey to Perth.

The three truck drivers died on Sunday night after they joined a convoy that was released from Coolgardie after being told that the road was safe. Kieran McNamara director general of the Department of Environment and Conservation(DEC) admitted that it had been caught out by its decision to reopen the road at 8pm (wst) on 30 December.

Mr McNamara said “The decision was made with the advice from people at the firefront, and with the latest weather forecasts, and was judged to be the right decision and the safe decision at the time and in those circumstances… Regrettably and with hindsight, that’s not how it’s turned out.”

The driver of another truck in the convoy that was destroyed escaped with burns to his hands and was rushed through the fire front by firefighters to Yellowdine, another driver was rescued uninjured and return to Coolgardie, a spokesman for Whiteline transport the owners of this truck were thankful their driver survived unharmed saying the cost of the vehicle lost was about AU$400,000 plus cargo. Police confirmed that four trucks were destroyed by the fire.

Fire and Emergency Services Authority of Western Australia reported that they were fighting the fire without using water. All efforts were focused on building fire breaks with heavy machinery to contain the fire, that 90 volunteer fire fighters on the scene were there to defend the bulldozers.

The fire is still burning on a 150 km (90 mi) front, DEC spokesman says fire fighters are hoping to bring the fire under control with an expected cool change on Wednesday. The Weather Bureau has forecast temperatures to return above 40°C(105°F) by Thursday.

Local Police say that Great Eastern Highway will remain closed until the fire is under control and the damaged vehicles have been removed from the scene, at this stage its not expected to occur before Sunday.

Thursday, August 25, 2011

Steve Jobs, founder of Apple, has chosen to step down from his post as CEO of the company. The former Chief Operating Officer, Tim Cook will be succeeding Jobs as CEO. Jobs resigned in a letter to Apple’s board of directors stating, “I have always said if there ever came a day when I could no longer meet my duties and expectations as Apple’s C.E.O., I would be the first to let you know. Unfortunately, that day has come.” In that same letter, Jobs stated that his desire was to remain as chairman of the board.

Steve Jobs has been fighting pancreatic cancer since 2004 and has been on medical leave since January of this year. This was Jobs’ third period of medical leave. He briefly made an appearance in March and June to unveil the iPad 2 and the iCloud, an online cloud computing service. In part of his resignation, Jobs left this farewell, “I have made some of the best friends of my life at Apple, and I thank you all for the many years of being able to work alongside you.”

Tim Cook was personally recommended by Jobs to take over as CEO and has been serving as interim CEO since the beginning of Jobs’ medical leave. Before his post at Apple, Cook held positions at IBM and Compaq. He is known for staying out of the spotlight. Due to an operational overhaul by Cook, he is credited with the success of the iPad and MacBook Air. He also stood in Steve Jobs’ place while the CEO underwent liver transplant surgery. He received $59 million for his performance in the position.

Analyst Charles Golvin predicts that the resignation will not begin to affect Apple performance for 1.5 to 2 years. Many of the new products are already under development and Jobs will continue to steer the company from his position as chairman of the board. Art Levinson, chairman of Genentech and a member of the board, adds, “Steve will continue to serve Apple with his unique insights, creativity and inspiration”. A contrary view is offered by Charles O’Reilly, a management expert at Stanford University, who stated, “Great companies rarely go from strength to strength”. Richard Doherty attributes Steve Jobs’ success as the ability to hold off on a product until it is perfect. He states “A lot of products could have gotten to market earlier, but he wanted it better.”

In light of the revelation, Apple shares (AAPL) slid $19.37 in after hours trading—a drop of over 5%. Since market open, Apple shares rose to $373.72, a drop of only $2.46 since Wednesday’s close.

Sunday, April 24, 2005

New York Stock Exchange (NYSE) announced last Wednesday that it has agreed definitively to merge with Chicago-based Archipelago Exchange (ArcaEx) and form a new publicly traded, for-profit company known as NYSE Group. This announcement was followed two days later by NASDAQ®, which independently announced a definitive agreement to purchase Instinet Group.

Archipelago and Instinet are innovative e-trading (electronic trading) companies, and formerly were the two largest American rivals to NYSE and NASDAQ, in recent years taking increasingly large portions of their market share. The Securities and Exchange Commission (SEC) and other regulatory agencies still have to review and approve the transactions, particularly with respect to US securities law and antitrust law, in order to ensure that the marketplace remains lawful and competitive.

Other pending issues for NASDAQ include obtaining the approval of Instinet shareholders, as well as customary closing conditions. NYSE must obtain the approval of its members and Archipelago shareholders.

These changes, a reaction to increased e-trading competition and a changed regulatory environment, will result in NASDAQ and NYSE trading each other’s shares and attempting to grab market share, which many hope will drive down transaction costs and ultimately benefit consumers. However, at least one commentator, Dan Ackman writing in Forbes, has noted that the trading commission at the NYSE currently averages less than a nickel (US$0.05) per share, and was less enthusiastic about potential efficiency gains from electronic trading at the exchange.

The transactions are also intended to make the two leading American stock exchanges more globally competitive with such exchanges as the London Stock Exchange, the Frankfurt Stock Exchange, the Toronto Stock Exchange, and the Australian Stock Exchange located in Sydney.

Friday, June 13, 2008

British drivers have been urged not to panic buy fuel because of the 4-day walkout by delivery drivers working for companies delivering to Shell petrol stations. The 600 workers have walked out over pay disagreements, wanting an increase to their current pay of £36,500, however their union Unite turned down a last-minute offer of £41,500.

Hoyer UK, which employs tanker drivers for Shell, said, “We extended our offer to the very limits that our business could sustain.” However Unite said in a press release that, “this dispute could have been resolved if Shell had advanced a fraction of the billions of pounds in profit they make every month”, continuing to say, “one of the world’s richest companies is prepared to play Pontius Pilate and see the British public inconvenienced rather than settle this dispute for a sum smaller than the chairman’s pay increase last year”

Shell admitted that the walkout could leave some of its 1,000 forecourts without fuel, but the UK Petrol Industry Association, which represent oil refiners, said that forecourts would have around 4 days of supply, maintaining usual stocking levels. Shell also commented that the strike impact would be “significant”, as the company runs around 1 in 10 of all petrol stations in the UK.

British Business Secretary, John Hutton, said that “the strike, which will have a disproportionate effect on people in Britain, cannot be justified,” and urged both sides to resume negotiations in order to settle the dispute. “We have been working closely with industry to put in place detailed contingency plans to reduce as far as possible the disruption for the driving public,” he added. Unite’s press release also confirms that “provision has been made for fire, police and the emergency services.”

Tanker drivers on strike have set up picket lines at many of Shell’s UK refineries, including those in Stanlow, Avonmouth, Plymouth, Pembroke, Cardiff, Kingsbury, Basildon, Grangemouth, Aberdeen, Inverness, Jarrow and Luton Airport.