An estimated seven million drones will fly in US skies by 2020, nearly tripling the number expected to be in circulation by the end of the year, the Federal Aviation Administration said Thursday.“Unmanned aircraft systems will be the most dynamic growth sector within aviation,” the agency said in a report, which forecast that some 2.5 drones million will be in use by the end of 2016.How the civilian drone market evolves, however, will depend on future security and regulatory measures put in place by the US government, the FAA said, emphasizing that “unprecedented milestones” were already set i...
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Zhang Jian, China’s first privately funded scientific research ship, is launched in Wenling, Zhejiang province, on Thursday.The ship, Zhang Jian, named after the founder of the university, is 97 meters long and 17.8 meters wide. It is designed to carry 60 people and has a 15,000-nautical mile range, according to a report on the university’s website.Its first scientific expedition is planned for August in the New Britain Trench off Papua New Guinea.The ship will control Rainbow Fish, China’s first 11,000-meter robotic submersible, to try to get 8,000 meters under the surface, said Cui Weicheng ...
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Finally, the long-awaited flying car is almost here.AeroMobil, a Slovakian company, plans to start selling its creation, the AeroMobil 3.0, in 2017.The company claims on its site that the vehicle "transforms in seconds from an automobile to an airplane" by using "existing infrastructure created for automobiles and planes."The vehicle is gas-powered and has wings that fold, which allows it to be parked like a car, though it is nearly 20 feet long.The company’s web site features a video where the AeroMobil 3.0 drives out of a hangar and goes down a highway, sharing the road w...
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China will offer 11.5 billion dollars in loans and credit lines to five Southeast Asian countries for infrastructure and other projects, Premier Li Keqiang said on Wednesday.In 2014, Li offered 20 billion dollars in loans to Southeast Asia, while visiting Myanmar to attend an East Asian summit, an attractive proposition for a region struggling to fund the roads, ports and railways needed for growth.Li made the new offer, which includes 10 billion yuan (1.1 billion dollars) in preferential loans and a 10 billion dollars credit line, to the leaders of five countries along the Mekong River.He was...
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The Asian Development Bank is to work with the Asian Infrastructure Investment Bank on a loan project as the pair seek to counter perceptions they are rivals, according to the ADB’s chief.The China-led AIIB is also consulting the ADB, which is dominated by Japan and the US, on procedures to ensure loan projects include labour, environmental and anti-corruption safeguards, said Takehiko Nakao, ADB president, yesterday in an interview.“People want to depict ADB and AIIB as rivals and [AIIB president] Mr Jin [Liqun] and I as rivals. But actually we are friends, and ADB and AIIB can be partners,” ...
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