Porsche To Stop Production of Diesel Cars

German sports car maker Porsche has declared that it would no longer produce diesel cars, but instead concentrate on petrol-powered , electric and hybrid vehicles. It is the first German automaker to completely withdraw from the diesel car sector.

The company made the decision in the aftermath of the emission cheating scandal that hit Porsche’s parent company Volkswagen . In an interview, Porsche’s CEO Oliver Blume said that Porsche’s image had suffered due to the  scandal.

For luxury car manufacturer Porsche, the production of diesel cars has not been that important. In 2017 only 12 % of all Porsche cars produced were diesel-powered. The company has been making diesel cars for 10 years, but since February has stopped taking orders for them. It has never developed or produced any diesel engines of its own.

Porsche is also reacting to the fact that more and more European cities are considering a ban on diesel vehicles in an attempt to reduce air pollution. In addition, the demand for diesel cars is also decreasing.

Currently, the German car maker is investing heavily in new hybrid and electric car technology.  Next year it  will launch its first fully-electric sports car,  the TaycanBy 2025  Porsche expects that every second car it produces will be an an electric sports car.

 

Porsche Taycan
Taycan – Porsche’s first fully electric sports car – Image: Alexander Migl

Words

  • aftermath = the period of time that has passed after something important happened
  • attempt = try
  • ban = to forbid something
  • concentrate = focus on
  • consider = think about
  • currently = at the moment, now
  • decrease = go down
  • demand = the number of cars that people want to buy
  • due to = because of
  • emission cheating scandal = in 2015 the United States found out that Volkswagen had lied about emission tests on its cars
  • declare = to say officially
  • heavily = a lot
  • hybrid = here: car that has a petrol engine and an electric motor
  • in addition = also
  • launch = to start selling
  • petrol-powered = engine that runs on petrol instead of diesel
  • reduce = lower ; make something go down
  • suffer= here: to be in a difficult situation
  • vehicle = car
  • withdraw = here: to stop production

 

 

 

Apple Worth 1 Trillion Dollars

Apple has become  the first US company to reach a market value of 1 trillion dollars ($1,000,000,000,000) . The hi-tech firm has beaten  its rivals Microsoft, Google  and Amazon to pass the magical mark. Apple’s stock is now worth $207 per share, an all-time high. If it were a country, Apple would rank 17th in the world, on par with Indonesia.

Before Apple, only China’s oil giant PetroChina made it over the 1 trillion dollar  mark  back in 2007.  It’s value declined sharply shortly afterwards when oil prices collapsed.

Apple was founded in 1976 in a California garage by Steve Jobs. In the first two decades the company was famous for producing computers. Later on Apple developed its revolutionary MP3 player, the iPod, which also saved the company from bankruptcy 20 years ago.

The iPhone, the world’s first smartphone, was introduced in 2007 and has become the company’s flagship product. Up to now over 1.3 billion iPhones have been sold. Although Apple is currently selling fewer new models, sales and profits are rising. It is also making money by selling music and apps.

In 2017, Apple  has made profits in the range of $50 billion, selling over $220 billion worth of products .

Apple may soon be joined in the 1 trillion dollar club by other hi-tech giants . Amazon and Microsoft are close to the mark and may be passing it soon.

 

Apple headquarters in Cupertino , California
Apple headquarters in Cupertino , California – Image: Daniel L. Lu

Words

  • all-time high = the highest point ever reached
  • although = while
  • bankruptcy = situation in which you have no money left and cannot pay back what you owe to others
  • collapse = here: to go down very quickly
  • close = near
  • currently = at the moment
  • decade = ten years
  • decline = to go down very fast
  • develop = to design and produce a new product
  • flagship = the best and most important product
  • found- founded = here: to start a new company
  • introduce = here: to bring to the market
  • join = to be together with others
  • market value = what a company is worth on the market
  • on par = on the same level
  • profit = the money you get by selling products and services after  your costs have been paid
  • rank = position
  • reach = get to a certain point
  • revolutionary = something completely new and different
  • rival = another company that wants to be more successful than you are
  • share = a part of a company that belongs to you
  • stock = the total value of all the company’s shares
  • value = what something is worth

World’s Fishing Fleets Tracked From Space

For the first time, global fishing activity has been tracked from space. The data collected shows that 55% of the world’s oceans are used for commercial fishing, four times the area that is used for farming. In contrast, fish provides only 1.2% of the world’s food. 

According to the data, China is the world’s top fishing nation. In 2016 Chinese vessels spent 18 million hours catching fish on the high seas, travelling a total of 460 million km.

The fishing fleets of 5 countries (China, Spain, Taiwan Japan and South Korea)  account for more than 85%  of the world’s fishing.

Almost half of the total catch comes from the high seas, where industrial ships fish for tuna and shark. Smaller fleets stay near coastal areas.

The data was collected over a period of four years from 22 billion automated emergency radio signals of over 70,000 ships.  Although it is not totally accurate because smaller boats are not required to use tracking signals, it does show where most of the fishing takes place. Special software was used to generate maps that show where fishing is most intensive, such as the northern Atlantic and northwestern Pacific Ocean.

The study also shows that the biggest influences on fishing come from political and cultural activities. Environmental problems, seasonal differences or the changing of ocean currents do not affect fishing that much.

British fishing vessel
British fishing vessel

Words

  • according to = as reported by …
  • account for = to form a certain part of something
  • activity = things that people do
  • accurate = exact, perfect
  • affect = change
  • although = while
  • automated = here: created automatically
  • billion = a thousand million
  • catch = the fish that are caught at a certain time
  • coastal areas = near land
  • commercial fishing = here: ships catch fish and process them so that they can be sold to customers
  • data = information
  • emergency radio signal = every ship sends  signals to show where they are in case something happens to them
  • environmental = about nature and the world around us
  • fleet = the ships that belong to a country
  • generate = produce
  • global = worldwide
  • high seas = the parts of the ocean that are far away from land
  • in contrast = on the other side
  • influence = the power to affect or change something in a certain way
  • intensive = here: where most of the activity takes place
  • map = drawing of an area that shows where something is
  • ocean current = the movement of water in the world’s oceans
  • provide = offer, give
  • required = need to do or have something
  • seasonal = referring to the seasons
  • space = outside the earth; here: from satellites that orbit the earth
  • track = to follow the movements of an object
  • tuna = large sea fish caught for food
  • vessel = ship

 

Twitter Announces First Profits

The social media site Twitter has announced its first profit since the founding of the company in 2005. The last quarter of 2017 saw the company making $ 91 million in profits. After the announcement, Twitter shares rose more than 20%.

Twitter made the profits from an increase in ad sales and from expansion outside the US.  Overall revenue has been increasing constantly and is now at $ 731 million, due to a better targetting of ads. While revenue in the US fell, it increased strongly in Japan and other countries.

Currently, Twitter is reported to have over 330 million active users. It has been an important media outlet for celebrities and politicians, especially in the United States, for a long time. However, surprisingly, up to now, the company has failed to make any profits. Business experts have criticized Twitter for failing to grow over the longer term and step out of the shadows of its bigger brother, Facebook.

 

The company has announced its plans for 2018.  It wants to improve the quality of information and tackle security issues, for example, fake accounts and spam. As many as 15% of all accounts on Twitter are said to be controlled by bots.

 

Twitter headquarters in San Francisco
Twitter headquarters in San Francisco – Image: Runner1928

Words

  • account  = agreement you have with an organisation so that you can use its services or website
  • ad = advertisement = pictures, text or a short film that persuades people to buy a product
  • announce = to say in public, officially
  • bot = computer programme  that can control information on a website
  • celebrity = famous person
  • constantly = slowly, but all the time
  • currently = at the moment
  • due to = because of
  • especially = above all
  • expansion = when something increases in size
  • fail = here: not succeed in doing something
  • fake = not a real person
  • founding = when the company started
  • increase = grow, become larger
  • longer term = over a longer period of time
  • outlet = here: organization through which information is presented
  • overall = total; altogether
  • politician = person who works in the government, parliament or a political party
  • profit = the money you for selling things or doing business after  your costs  have been paid for
  • reported = it is said that …
  • revenue = money that a company gets in a certain time for selling products and services
  • rise – rose = to go up
  • security issues = problems in which the website is attacked by criminals and hackers
  • shares = part of a company that you can buy
  • spam = message that is sent to many different people by email or the Internet, usually as a way of advertising something
  • tackle = manage ; fight against
  • target = here: people who are chosen for getting ads

Amazon Go – The First Automated Store

Amazon has opened its first automated store to the public. Amazon Go is a grocery store located on the ground level of the corporation’s Seattle headquarters.

The store, which offers food, salads and boxed meals could revolutionize our shopping experience in the future.

As soon as you arrive at the store, a cell phone app connected to an Amazon account registers your presenceEverything that happens in the store is tracked by hundreds of infrared cameras. When you pick up items from the shelves they are automatically put into your virtual shopping cart. The cameras also detect when you put an item back on the shelves and remove it from your cart. The moment you walk out your account is charged without making any physical payment.

The technologies used at Amazon Go are the same as with driverless cars –  computer tracking, weight sensors on shelves and complicated algorithms.

The 1,800 square foot store has been open to Amazon employees for a year. Now the public can also shop there.

However, not everything has been running smoothly in the store’s opening year.There were hardships to overcomeFor example, it’s hard for cameras to distinguish between different flavours or products that look the same. They also have problems handling people who move around or identifying shoppers with similar body sizes and clothes.

Even though there are no checkout counters and cashiers who make you wait in line, there are shop assistants who restock goods and help customers find their way around.

 

Amazon Go store in Seattle
Amazon Go store in Seattle – Image: SounderBruce

Words

  • account = here: the  services of a company that you use
  • algorithm = set of instructions that are followed in a fixed order and used  for solving problems
  • automated = using computers, cameras and machines
  • boxed meal = meal that has already been cooked and is ready to eat
  • cashier = person who you pay money to in a shop
  • charge = you have to pay money for the goods you buy
  • checkout counter = place where you pay for products when you leave a store
  • complicated = difficult
  • connect = link
  • corporation = big company
  • detect = discover, notice
  • distinguish = find the difference between two things
  • driverless = without a driver
  • employee = a person who works there
  • even though = although, while
  • flavour = the taste of something
  • hardships = problems, difficulties
  • headquarters = place from where a company operates
  • however = but
  • identify = find out the name of someone
  • infrared = light that gives out heat but cannot be seen
  • item = product
  • located = to be found; situated
  • overcome = solve
  • physical payment = real money you pay with in a store
  • presence = someone is present
  • public = here: everybody
  • register = record
  • restock = bring in more items to replace those that have been bought
  • revolutionize = to change completely the way you do something
  • shopping experience = the way we shop
  • similar = almost the same
  • smoothly = here: the way it should; without any problems
  • track = watch closely
  • virtual = not real; here: your Amazon account
  • weight sensor = small object that finds out if there is something on the shelf or not

EU Plans To Recycle All Plastic Waste by 2030

The European Union has released plans to recycle all plastic by the year 2030. It wants to ban all types of plastic that can only be used once. The measure comes as a  consequence of China’s decision to ban imports of foreign plastic that is to be recycled in in the country. Currently, the EU exports half of its collected plastic,  most of which goes to China.

The European Commission also plans to reduce plastic waste that is washed up on North Sea, Atlantic and Mediterranean shores. According to the new proposal, it will be illegal to dump plastic waste in the open seas.

Although the EU does not want to introduce a tax on plastic yet, it does aim at the development and production of new kinds of plastic that can be recycled in Europe. EU countries produce 25  million tons of plastic every year but only a fourth is recycled. It takes plastic hundreds of years to degrade.

The EU wants to invest 300 million euros to develop better plastic materials. The new strategy aims at making plastic recycling more profitable

While the production of one-time-only usable plastic items, like drinking straws, coffee cups and takeaway packaging is to be reduced, families should also be persuaded to cut down on plastic usage altogether.

Non-EU countries are also considering cracking down on plastic. Some countries have already started to tax the use of plastic bags. Iceland has announced that it will ban all plastic packaging for domestic products.

 

Plastic waste
Plastic waste

Words

  • according to = as planned by…
  • aim = hope to do something
  • although = while
  • announce = to say something in  public or in front of the media
  • ban = forbid
  • consequence = result of something that has happened
  • crack down on = to become more strict about dealing with a problem
  • currently = now; at the moment
  • cut down on = reduce
  • decision = choice you have made after thinking about something
  • degrade = when a material or substance changes into a simpler form
  • development = designing and producing something new
  • domestic = made in your home country
  • dump = here: throw something away at sea
  • European Commission = central organisation in the EU that has certain tasks to do
  • illegal = against the law
  • item = product
  • measure = action that should deal with a problem
  • persuade = to make someone decide to do something and give them reasons for doing it
  • profitable = to make more money out of something
  • proposal = plan or suggestion made by a group of people
  • recycle = to use over and over again
  • reduce = lower
  • release = announce; to say something in front of people and the media
  • shore = coast; where land meets the sea
  • tax = here: money you must pay to the government if you use or buy something
  • takeaway packaging = here: the packages that are used to put takeaway food into
  • usage = using  a product
  • wash up = here: to land on …

 

Ford To Invest $11 Billion in Electric Cars

The Ford Motor Company has revealed plans to invest over $11 billion dollars in the development and production of electric cars by 2022. The announcement was made public at the Detroit Motor Show.

The American carmaker plans to produce 16 fully battery-driven vehicles and 24 hybrid cars by 2022. At the moment the Focus is the only Ford car that can be driven by batteries alone.

Apart from producing electric-driven cars for the North American market, Ford also aims at increasing sales to China, the largest growing car market in the world. In addition, it wants to become the world’s leader in fuel-efficient trucks. The car producer also plans to bring a battery-driven SUV on the market by 2020.

Instead of creating completely new electric vehicles from scratch, Ford wants to electrify cars that are already popular because people will know what they get and buy more easily.

Automobile manufacturers around the world are under pressure to develop electric cars because many large countries, including China, India, France and the U.K. have said they would phase out vehicles powered by internal combustion engines within the next two decades. They also face fierce competition from companies like Tesla, a car-maker that specialises in innovative technologies.

As battery costs are going down rapidly, carmakers may find it easier to produce electric cars with higher mileage and at cheaper prices.

 

The electric version of the Ford Focus at an Amsterdam automobile show
The electric version of the Ford Focus at an Amsterdam automobile show – Image: Overlaet

Words

  • aim = target , plan
  • announcement = official statement
  • apart from = other than
  • battery-driven = run by a battery
  • billion = a thousand million
  • competition = trying to be more successful than other companies
  • decade = ten years
  • development = working on a new product
  • electrify = make electric
  • fierce = here: strong
  • from scratch = to start something from the beginning without using anything that has existed before
  • fuel-efficient = car that burns fuel in a more effective way than usual; it does not need as much fuel as others do
  • fully = completely
  • higher mileage = here: to make an electric car that can travel more miles or kilometres before you have to recharge it
  • hybrid car = a car that has both a petrol or diesel engine and an electric motor
  • in addition = also
  • innovative = new way of doing something; often better than existing methods
  • instead of = in something’s place
  • internal combustion engine = engine that produces power by burning petrol or diesel; it is used in most cars
  • invest = spend money on …
  • make public = to say something for everyone to hear
  • manufacturer = producer
  • phase out = to slowly stop using or producing something
  • popular = well-known and liked by many people
  • production = here: making cars
  • rapidly = quickly
  • reveal = announce to many people
  • sales = selling cars
  • SUV = sport-utility vehicle = car that is bigger and is made for travelling over rough ground; mostly with a 4-wheel drive
  • under pressure = to make someone do something  by using arguments and threats
  • vehicle = a machine with a motor that is used to take people or things from one place to another

One of the Biggest Diamonds Ever Discovered in Lesotho

The fifth biggest diamond ever discovered has been unearthed in a mine in Lesotho, a small landlocked country surrounded by South Africa. The stone has a weight of 910 carats and the size of two golf balls.

The diamond is especially valuable because it belongs to a category of gems that are colourless and do not have grave impurities.

The diamond was found in the Letseng mine, which in the past has been famous for the size and quality of gems discovered there. Diamonds that come from the Lesotho mine usually sell at a high price. Since 2006 the mine has produced some remarkable diamonds, including the Lesotho Promis, a 603-carat diamond found in 2006.

The newly found diamond will now be cut into smaller stones and polished. After that, diamond traders can actually say how much the diamond is worth, probably around $40 million.

Gem, the British based company that operates the mine together with the Lesotho government, expects its shares to recover after prices fell and a new mine had to close in Botswana.

The largest diamond ever discovered is still the Cullinan, a 3,106-carat gem found near Pretoria in 1905. It was cut into several stones including the Great Star of Africa, the largest cut diamond in the world. The rest has been cut into the gems that are in the British Crown Jewels.

 

Cut and polished diamond
Cut and polished diamond – Image: Steve Jurvetson

Words

  • British-based = its main headquarters are in the U.K.
  • discover = to find for the first time
  • colourless = clear, so that you can see through it
  • Crown Jewels = objects that are a symbol of the British monarchy, kept in the Tower of London
  • especially = above all
  • gem = beautiful stone that has been cut into a special shape
  • government = people who rule a country
  • grave = serious, bad
  • impurity = object that is not very pure; with other substances that are mixed into it
  • including = also
  • landlocked = country that has no coast
  • mine = deep hole in the ground that people dig in order to find coal , gold and other metals or minerals
  • operate = to run a company; the owner of …
  • polish = to make something smooth, bright and shiny by rubbing it
  • recover = here: to go up again
  • remarkable = unusual, surprising
  • share = part of a company that belongs to an individual
  • surrounded = all around it
  • trader = person who buys and sells things
  • unearth = to dig something up from the earth
  • valuable = worth a lot of money
  • weight = how heavy something is
  • worth = how much money you can get by selling it

Equal Pay For Men and Women in Iceland

Iceland has become the first country to make it illegal to pay women less than men. The new law, which took effect on January 1, imposes a fine on companies and government organisations employing more than 25 workers if they pay men more than women. The Scandinavian country wants to eliminate the pay gap between the sexes completely within the next four years.

Iceland has been considered the world’s fairest country in terms of gender equality for the past nine years. In a country where half of the parliamentarians are female, women still earn about 15% less than men. The new Icelandic law aims at helping to change the attitude towards women in business and politics.

According to the World Economic Forum, a Swiss-based non-profit organisation,  there is a global  58 % difference in pay between the sexes.  Economic experts predict that, if the current trend continues,  women will have to wait over two hundred years to get equal pay and the same opportunities at work.

There is also a lack of female politicians. Only a quarter of the world’s politicians is female and fewer than one in five ministers are women. Only 23% of the world’s parliamentary seats go to females.

 

Women campaigning for more rights and gender equality in Iceland
Women campaigning for more rights and gender equality in Iceland – Image: Magnus Fröderberg/norden.org

Words

  • according to = as reported by …
  • aims at = wants to achieve something
  • attitude = the feelings you have about someone or something
  • considered = thought to be
  • current trend = if the situation of today goes on
  • eliminate = get rid of; do away with
  • employ = to give a person work
  • equal = the same
  • gender equality = the same chances and opportunities for men and women
  • global = worldwide
  • illegal = against the law
  • impose = to force people to accept something
  • in terms of = if you look at or observe closely
  • lack = not enough
  • law = rule or regulation that a country has
  • non-profit = to use the money you get to help other people
  • opportunities = chances
  • parliamentarian = member of parliament
  • pay gap = the difference in the amount of money men and women get for their work
  • predict = to say that something will happen in the future
  • quarter = 25%
  • seat = here: an elected member of parliament
  • Swiss-based = organisation that operates out of Switzerland
  • take effect = start; become law

China Bans Ivory Trade

China has put a ban on all ivory trade in the country.  The ban came into effect on January 1 of this year. 67 official ivory processing factories and shops were closed last year and a remaining 100 were shut down on December 31. A similar ban in the U.S. went into effect in June 2016.

The Chinese decision to stop the ivory trading business has been welcomed by the World Wildlife Fund and other organisations as a major effort in protecting the world’s elephant population. It is estimated that over 30,000 African elephants are killed every year.

Chinese citizens regard ivory as a status symbol. People buy jewellery, chopsticks and other objects made of ivory, leading to the development of one of the world’s largest ivory markets. When trading ivory was officially banned worldwide in 1990, China continued to sell it through shops and factories. The legal trade also brought illegal ivory into the country.

However, there is a major concern that the new law does not apply to HongKong, an important ivory trading hub. Authorities in the former British colony are working on a ban of their own, expected to take effect soon. On the other side, customers will probably go to Laos, Vietnam or other Asian countries, where trading laws are not so strict.

In the past year, ivory prices started to go down as more and more Chinese shops were closing. The ban will have a big impact on African countries, especially Kenya and Tanzania,  where most of the elephant poaching is taking place.

Elephant tusk with a carved decoration
Elephant tusk with a carved decoration

Words

  • apply = take effect
  • authorities = government organisations that have the power to make decisions
  • ban = to forbid something; not allow
  • citizen = a person who lives in a country and has rights there
  • concern = feeling of worry about something important
  • development = growth
  • effort = try
  • especially = above all
  • estimate = to calculate how big something is by the information that you have
  • former = in the past
  • however = but
  • into effect = start to work
  • illegal = not allowed; against the law
  • ivory = hard, smooth yellowish-white material from the long teeth of elephants
  • jewellery = small things that you wear for decoration, like necklaces or rings
  • legal = allowed by the government
  • major = important
  • official = allowed by the government
  • poaching = to shoot or catch animals illegally
  • processing = here: when you make an elephant’s tusk into jewellery and other objects
  • protect = here to keep animals safe
  • remaining = those that were left
  • similar = almost the same
  • status symbol = something that you have that you think shows high social rank or position
  • strict= here: law that must be obeyed
  • trading hub = here: a place where ivory is bought and sold
  • welcome = to be glad that something has happened
  • worldwide = around the world
  • World Wildlife Fund = organisation that tries to save and protect endangered animals