A newly launched app can serve as a data collector that will use a phone’s accelerometer to record shaking, according to a report in China’s scientific newspaper.Scientists at the University of California in Berkeley released MyShake app (available for Android phones) that runs in the background with little power, so that a phone’s onboard accelerometers can record local shaking any time of the day or night.The app only collects information from the accelerometers, analyzes it and, if it fits the vibrational profile of a quake, relays it and the phone’s GPS coordinates to the Berkeley Seismolo...
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Speculators should not be allowed to dominate market sentiment regarding China’s foreign exchange reserves and it was quite normal for reserves to fall as well as rise, central bank governor Zhou Xiaochuan was quoted as saying on Saturday.In an interview carried in the Chinese financial magazine Caixin, Zhou said yuan exchange reform would help the market be more flexible in dealing with speculative forces.There was a need to distinguish capital outflows from capital flight, and tight capital controls would not be effective for China, he said. China has not fully liberalised its capital accoun...
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US and European equities rallied at the end of a turbulent week dominated by fears about the financial sector as central banks take extreme measures to boost global growth.The pan-European Stoxx 600, which lost 6.8 per cent over the previous four sessions, closed up 2.9 per cent as Commerzbank led a banking sector rebound with an 18 per cent surge after the German lender restored its dividend.On Wall Street, the S&P 500, which closed on Thursday at a 22-month low, gained almost 2 per cent, supported by data showing that the US consumer does not appear to have been fazed by recent market tu...
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Scientists have for the first time observed ripples in the fabric of spacetime called gravitational waves, arriving at the earth from a cataclysmic event in the distant universe. It confirms a major prediction of Albert Einstein’s 1915 general theory of relativity and opens an unprecedented new window to the cosmos, according to a group of scientists at a press conference in Washington on Thursday.“This is truly scientific moonshot. We did it. We landed on the moon,” exclaimed David Reitz, executive director of the LIGO Laboratory at Caltech, at the conference in the National Press Club.Accord...
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LONDON -- The Britain-China relationship will be "greater" this year after a "golden" year of 2015, Prime Minister David Cameron said on Monday.Cameron said this at a reception in his office attended by about 100 representatives from Britain and China to celebrate the Chinese Lunar New Year."If you want one year of prosperity, grow grain. If you want ten years of prosperity, grow trees. If you want a thousand years of prosperity, grow relationships between people and people," Cameron quoted a Chinese saying to describe the relations between China and Britain."...
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