China Buys Glencore‘s Copper Mine

China Buys Glencore‘s Copper Mine

Image by Jakub Friedl | Wikimedia

Image by Jakub Friedl | Wikimedia

A Chinese consortium led by MMG Limited has announced its plan to buy Glencore Xstrata’s copper mine in Peru for $6 billion.

‘Decisive steps’

The move marks one of the country’s biggest mining acquisitions.

“Since we acquired Xstrata… our team has taken decisive steps to de-risk Las Bambas, which has culminated in this compelling offer from the consortium,” said Glencore Chief Executive Ivan Glasenberg in a statement.

“Our willingness to sell reflects the level of the offer and our conviction that we can utilize the sale proceeds to create additional shareholder value,” he added.

Sale of copper project

The purchase is subject for approval, but all members of the board expect the all-cash deal to finish by September.

China’s economic activity relies heavily on the metal. Analysts expect Glencore to use the money to pay its debt.

The mine deal comes days after UK store House of Fraser sold most of its shares to the Chinese conglomerate Sanpower.

The deal was worth to be about $803 million.

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West Antarctic Shedding Ice At Accelerating Pace, Study Shows

West Antarctic Shedding Ice At Accelerating Pace, Study Shows

Image by Paul V. heinrich | Wikimedia

Image by Paul V. heinrich | Wikimedia

The West Antarctic Ice Sheet shows that it is shedding ice at an accelerating pace, with six big glaciers in the region almost the same amount as the entire Greenland Ice Sheet, a new study reveals.

Has Been Shedding Ice since 1973

A research team from a reputable university in California and NASA found that the total amount of ice coming off these glaciers has increased by 77 percent since 1973, and has been increasing since 2000. These glaciers drain one third of the West Antarctic Ice Sheet.

Global Sea Level Rise Could be Closer to 40 Inches

According to a recent report, average global sea level rise will most likely be between 10.2 and 32 inches by the end of the century. This relies on the amounts of greenhouse gas emissions between now and then. If the emissions continue its usual path, the global average sea level rise could go higher to 40 inches, which would cause problems to low-lying coastal cities and nation.

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Dramatic Rescue Of Houston Firefighters Goes Viral

Dramatic Rescue Of Houston Firefighters Goes Viral

Image by Fir0002 | Wikimedia

Image by Fir0002 | Wikimedia

A new video, showing the dramatic rescue of a worker from a burning Houston apartment complex  that was under construction, has taken the Internet by storm.

A daring act

The cellphone video went viral, as the Houston firefighters made a daring rescue of a construction worker cornered by a massive fire on an upper balcony of a building.

The video shows the worker pacing on a small balcony with the fire consuming the floor behind him. With nowhere else to go, he lowers himself over the edge.

The worker waved for help before jumping to a lower balcony as the fire became too intense.

Escape on massive fire

Fortunately, firefighters got the ladder in place just in time. As the worker climbed aboard, the burning walls began to crash down.

More than 200 firefighters were dispatched to the scene, authorities confirmed.

No injuries were reported. Local authorities believe the fire likely started on the roof during welding.

 

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Free Messaging Apps Hit China Mobile Earnings

Free Messaging Apps Hit China Mobile Earnings

Image by Imgwgurotnral | Wikimedia

Image by Imgwgurotnral | Wikimedia

China Mobile has reported its first annual profit decline in 14 years, as mobile messaging apps such as WeChat and WhatsApp affected its revenue.

Disappointing profit decline

The state-run company blames its falling income on Tencent Holding’s, as more and more customers prefer to use free messaging apps to communicate.

China Mobile saw net profit decline as much as 5.9% to 121.8 billion yuan a year ago.

It said it would invest more on its 4G mobile network this year as part of an effort to improve customer service.

Under pressure

China Mobile’s plan to increase spending by 22% may all weigh heavily on the company’s future earnings, as it tries to fit in the age of mobile Internet.

Still, the company remains positive that customers will spend more on data to connect to service like WeChat.

It also reported that revenue from data services has increased by 24% in 2013 while voice revenue fell 3.4%.

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Fans Resurrect ‘Netflix Of Piracy’ Popcorn Time

Fans Resurrect ‘Netflix Of Piracy’ Popcorn Time

Thanks to open-source software, the so-called Netflix for pirated content “Popcorn Time” is back in action.

Bane of producers?

Netflix thumbs up

Image by Bryan Gosline | Wikimedia

Popcorn Time is a downloadable software. After installation, the user would have access to content, which it streams from BitTorrent files; thus, providing free access to movies for everyone. Its developers, who as of posting remain anonymous but disclosed they are from Buenos Aires, said that they did not earn anything from the project.

Analysts and producers have expressed worries with the new system. One analyst even labeled the software as a “nightmare scenario” for many industries.

An experiment

The original developers of the app said it was an “experimental” service and explained why they shut down their brainchild.

“Our experiment has put us at the doors of endless debates about piracy and copyright, legal threats, and the shady machinery that makes us feel in danger for doing what we love. And that’s not a battle we want a place in,” said the post on their website.

YTS, the reincarnation of YIFY Torrents, confirmed that they have picked up Popcorn Time and would continue to run it.

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‘Star Trek’ Actor Chris Pine Pleads Guilty To Drunk Driving

‘Star Trek’ Actor Chris Pine Pleads Guilty To Drunk Driving

chris pine

Image by Eva Rinaldi | Wikimedia

Hollywood actor Chris Pine pleaded guilty in a New Zealand court to drink driving and was fined and suspended from driving for six months.

DUI case

The “Star Trek” star was charged after a party to celebrate the end of filming on the movie “Z for Zachariah,” which is due for release in 2015.

Police said a blood test showed an alcohol level of 0.11 percent. The legal limit in New Zealand is 0.08 percent.

The actor’s defense lawyer, Marilyn Gilchrist, had asked for him to be discharged without conviction, as it would hurt his career.

Wrong decision

Gilchrist told the judge that Pine admitted he’d made a mistake by driving that night. Gilchrist said her client had suffered emotionally and that the negative publicity had put his career in danger.

The judge said he accepted Pine was “remorseful,” noting he had complied with police.

Pine would be treated like any other offender and be banned for driving for six months. He was fined an amount of $93 New Zealand dollars ($79).

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Dolphins Trade Martin To 49ers

Dolphins Trade Martin To 49ers

miami dolphins in game

Image by June Rivera via Flickr

After getting mired in a bullying scandal halfway through last season, the Miami Dolphins decided to trade offensive tackle Jonathan Martin to the San Francisco 49ers.

No Other Way

Team executives tried to convince Martin’s agents of their desire to have him back on the team. But, Martin reportedly responded that he didn’t feel comfortable going back to the team he walked out of. Though Martin’s agents denied the accuracy of such reports, a source close to the player said that a reunion was not realistic.

A separation is the only logical way for both parties to move on from the scandal without attracting any more negative publicity.

A New Start

The 49ers gave up an 11th spot on the draft pick, which by all accounts is a low-risk move, especially if Martin plays to the level that got the Dolphins interested in the first place. 49ers’ offensive tackle welcomed Martin to the team via Twitter, and time will tell if Martin and the Dolphins will be better off with each other.

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Getty Makes Millions Of Photos Free

Getty Makes Millions Of Photos Free

GettyGetty Images, an online photo archive, is now allowing noncommercial users to use its millions of photos  for free on their websites or social media.

Iconic, free images

Getty said 35 million images will now be available to online users free of charge, in an attempt to combat piracy.

“Our content was everywhere already,” said Craig Peters, a business development executive at the Seattle-based company, in a statement. “If you want to get a Getty image today, you can find it without a watermark very simply.”

“The way you do that is you go to one of our customer sites and you right-click. Or you go to Google Image search or Bing Image Search and you get it there. And that’s what’s happening,” he added.

Embeddable

The move comes after realizing that thousands of its photos were being used without attribution.

Users like bloggers can embed its images using a code similar to what is on sites such as YouTube.

Meanwhile, commercial users of Getty’s library will continue to be charged.

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D.C. Decriminalizes Marijuana Possession

D.C. Decriminalizes Marijuana Possession

Marijuana PossessionThe city council of the District of Columbia voted to decriminalize the possession of marijuana, replacing jail terms with civil fines for small amount of pot. Actual smoking of the herb, however, would still be considered a misdemeanor.

Still Illegal

Mayor Vincent Gray says he will sign the measure to decriminalize the possession of marijuana, but stresses it’s still illegal to grow, sell, own, or use the controversial drug. Congress can still veto the measure, but the move is unlikely, given the imbalance of power in the state chamber.

According to the new measure, an ounce of weed can cost up to $25 in fine, while public smoking will result in six months of jail time and a $500 fine. The legislation passed the voting stages 10-1, taking cues from Colorado and Washington State.

Racial Enforcement

Another reason for the measure legislators say is the use of the crime to racially profile African-Americans. According to a member of the Drug Policy Alliance Grant Smith, people of color have been unfairly arrested and marginalized based on marijuana possession.

The measure is a step towards ending the selective enforcement of the law.

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John Hathaway Returns To Octagon Amid Battle Against Crohn’s Disease

John Hathaway Returns To Octagon Amid Battle Against Crohn’s Disease

John Hathaway is set to face Dong Hyun Kim on Saturday in the main event of a UFC Fight Pass card to be held in Macau—his first since beating John Maguire back in September 2012. Hathaway has been sidelined after acquiring Crohn’s Disease, a type of inflammatory bowel disease with symptoms that can derail any MMA fighter’s lifestyle, such as abdominal cramps, diarrhea, fever, and rectal bleeding. He was only limited to three fights from 2011 through 2013.

Golden Opportunity To Be Back on Top

Currently ranked 15th in the welterweight division, primarily due to his inactivity for a long period, Hathaway is serious to make it back to where he is supposed to be with his impressive and nearly unblemished UFC bouts before getting sick.

He’s planning to keep his distance and wear the 11th ranked Kim down to seal the victory, which will improve his record to 18-1.

Tough Last Three Years

Hathaway turned his diet around to get back in shape and manage the symptoms of his disease. He has removed processed foods completely from his regimen. The 26-year-old English fighter has taken to juicing and now only eats bland foods.

If Hathaway finds a way to survive Kim, the talent-laden welterweight division will have another elite fighter in contention for the title.

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