Seoul: Inventory of South Korean chipmakers has increased to a nearly 26-year high in January, data showed Sunday, reflecting the sluggish global demand amid the economic uncertainties.
The inventory-to-sales ratio of chips came to 265.7 per cent in January, the highest since 288.7 per cent posted in March 1997, according to the data compiled by Statistics Korea.
A higher ratio generally indicates that companies are facing more hurdles in selling their products, although the figure may rise when manufacturers stock up for large shipments, reports Yonhap news agency.
A rise in the ratio may also induce chipmakers to reduce production or lower prices further to maintain sales.
Exports of semiconductors, the country’s key export item, dived 42.5 per cent to $5.96 billion in February from a year earlier amid the downcycle of the semiconductor industry.
With Asia’s No. 4 economy depending highly on the chip industry, South Korea’s exports fell for the fifth consecutive month in February, sinking 7.5 per cent on-year to $50.1 billion.
The country’s overall outbound shipments, meanwhile, edged up 0.8 per cent over the period, when excluding chips, separate data from the trade ministry showed earlier.
Last week, Finance Minister Choo Kyung-ho called for the National Assembly to promptly pass a bill on providing more tax incentives to chipmakers amid the prolonged downturn in exports.
Under the proposed tax code revision, the government will apply a higher tax credit rate of 15 per cent on facility investment in the chip industry for conglomerates, which is above the revision of 8 per cent passed at Parliament in December.
Hyderabad: Telangana police are gearing up for the Sree Ramanavami and Hanuman Jayanthi festivals scheduled in March and the following months.
With the surcharged political atmosphere, Ramzan, and elections for Legislative Assembly, as well as Parliament, expected in 2023 the police are not leaving any stone unturned in their planning. Sree Ramanavami is on March 27 while Hanuman Jayanthi is on April 6.
According to BJP sources, the party will utilize it as an opportunity to spread its message of Hindutva and consolidate its vote bank. The party leadership reportedly asked its cadre to utilize every opportunity to strengthen the party at the grass root level.
In this scenario, it is evident there will be more rallies and major processions observed on a grand scale in all the districts of Telangana. The police asked the local intelligence offices to keep a close watch on the programs planned for the two festivals.
Senior police officials are keeping in mind the elections ahead and the politically surcharged atmosphere in the state before planning the bandobast operations. The local police as a confidence-building measure will take up flag marches along with Rapid Action Force in the coming days in all the districts, a senior police official said.
In Hyderabad, Goshamahal MLA, T Raja Singh will try to outdo his past processions’ grandeur and consolidate his position to see the BJP party revokes his suspension. The MLA known for his hate rhetoric might spend a huge sum to make the Sree Ramanavami procession a great success and the most talked about affair.
Grand processions on these two festivals commenced from 2010 onwards more so to consolidate the vote bank of the saffron party. Huge money is spent on making arrangements and inviting guest speakers from all over India.
During the procession, communal riots occurred in sensitive pockets of the Telangana State.
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After spending a lot of time trying to locate the particular molecules that play a role in diverse cancers, Dr Zahida Qamri changed her career path and started studying the quick response of societies to impactful science. She is currently working with JK Scientists where they handhold talent and guide the students in academics and research
TheNewsCaravan (KL): How you managed clinical trials during the Covid19 lockdown in the US?
DR ZAHIDA QAMRI (DZQ): In the Covid19 spread, the United States of America (USA) was taken off-guard. The healthcare system was not ready and we witnessed a healthcare crisis. The pandemic put the health systems under immense pressure and stretched them beyond their capacity. The disruption of the supply chain from China greatly affected the functioning of health institutions.
However, the experts successfully carried out vaccination trials in a considerably brief period of time. After clearing the phase-1 and phase-2 trials, the vaccine finally got FDA approval. Critically ill patients were given preference for receiving the vaccine dose. The government of the United States funded laboratories to get the vaccine ready in a minimum time span and the initial focus remained on genome sequencing. Researchers used to work day and night to find a single molecule, against which the vaccine could be produced. A Turkish couple finally succeeded in making the vaccine.
KL: What is your story from Kashmir to Ohio?
DZQ: My elementary education was completed at Netaji Memorial School in Balgarden. My high school years were spent at Caset Experimental School. Following that, I attended Kothibagh Higher Secondary School and then Women’s College on MA Road, where I earned my Bachelor’s degree. I then travelled to Delhi to further my education.
In the 1990s, moving to other states for studies was not an easy option in Kashmir, especially for women. But my family was very supportive towards my studies. Being the youngest among my siblings, I witnessed unparalleled encouragement. With the help of my siblings, I moved to Delhi, applied for the entrance test at Aligarh Muslim University and got into Jamia Hamdard. My initial years in Delhi didn’t go as I expected. It was a cultural shock, and added to it was the monsoon season. I had to stay at our principal RN Koul’s house for a year because I was unable to get hostel lodging. During that time, I had to commute between Faridabad to Delhi. So, it was quite challenging initially. However, with time I coped with the challenges and environment as well. I completed my master’s in Biochemistry. It was followed by a doctoral programme at Jamia Millia Islamia, New Delhi.
KL: What was your PhD thesis all about?
DZQ: In the Indian sub-continent, diarrhoea is one of the major health problems in children under one year of age. The diarrhoea-causing bacteria have various strains, among which few could turn out to be fatal. During my doctoral programme, I examined the stool of the children and developed DNA fingerprinting of the bacteria found. The purpose of my study was to identify and characterize the bacterial strains, which cause diarrhoea in infants. I also studied drug resistance among diarrhoea-causing bacteria.
KL: What were the major takeaways from your study?
DZQ: I discovered a small probe that could be used as identifying probe for bacterial strains and how to treat specific strains.
KL: Not all PhDs end up in discoveries. But there is a chain of follow-up studies. Has your PhD proven to be one?
DZQ: Yes, this topic was worked on under the guidance of my PhD supervisor until he retired. Much work has been done in this area in other parts of the world. In science, each investigation or study is an additional item to solve the puzzle and takes years to complete. Only then, can we get a clear picture of things.
KL: What did you do in your post-doctoral research?
DZQ: During my doctoral programme in microbiology, I developed an interest in oncology. I was selected in Safdarjung Hospital, New Delhi as a research scientist, where we worked on breast cancer. During our research, we hoped to identify a cancer-causing gene in the north Indian population. If we locate that gene in any person during genome sequencing, we can inform them about their propensity for cancer. It was during that time that there was a job opening at the Harvard Medical School for breast cancer. Since I had all the qualifications, I was called there. My first post-Doc was at Harvard Medical School.
Post Doc is basically a training that makes you think and analyse critically. It helps broaden our vision. As, I had studied breast cancer at Safdarjung Hospital, New Delhi, I incorporated brain and lung cancer in the study during my postdoc at Harvard. It was a great opportunity. I started drawing experiments and writing grants independently.
I spent 2.5 years at the Harvard Medical School. Then our lab was shifted to Ohio State University. I worked for 10-12 years as a postdoc there. However, due to a lack of funding, I was unable to get grants. So, I decided to get a master’s degree in Clinical and pre-clinical research from Ohio State University. The programme helped me to get into a new field of managing clinical research and locating the impact of the work in laboratories on common people.
Dr Zahida Qamri
KL: What is the status of cancer research? How long will cancer be a challenge to humanity?
DZQ: In this part of the world, cancer is seen as taboo. People suffering from cancer can’t reveal their condition to others because it is treated as an infectious disease. However, in western countries, a person mandatorily undergoes an annual check-up for cancer. So, if we are able to detect cancer at its early stage, we are able to cure the person. But the lack of pre-screening practice makes a large chunk of our population vulnerable to this deadly disease because the patient only comes to know about it when cancer overtakes his body. It is one of the reasons for the high mortality rates here. There is a need for awareness among the general population and to encourage them to go for annual check-ups. This can help us deal with the disease a little better.
KL: How relevant is the subject of clinical trials here? What are the new subfields of biochemistry that have better demand in the market?
DZQ: Clinical trials are a new and emerging discipline. For better management, Western countries are outsourcing the field. To enter the field, you do not require a specialist degree. Clinical trials are managed in a variety of cities in India, including Bangalore and Hyderabad. I am working with JK Scientists and we have conducted a few programmes on clinical studies and how our youngsters can look towards this area as their career. You may even participate from home. Internet access and electricity are two fundamental requirements in this field.
KL: A number of top professionals are serving major medical institutions across the world. Can there be some kind of outreach centre back home?
DZQ: Yes, of course, that is possible, but it requires infrastructure. The government must take the lead and provide the necessary infrastructure.
KL:Did you see any changes in Kashmir’s education system from the days when you were a student?
DZQ: Our youth are still confused about their education and employment. They do not have a long-term goal. I find it similar to what I witnessed 15-20 years ago. Our youth require suitable guidance on maintaining their attention on the good things.
More than 100 countries reached agreement on a United Nations treaty to protect the high seas, following marathon talks at U.N. headquarters in New York that ended late Saturday.
The High Seas Treaty will put 30 percent of the planet’s seas into protected areas by 2030, aiming to safeguard marine life.
“This is a massive success for multilateralism. An example of the transformation our world needs and the people we serve demand,” U.N. General Assembly President Csaba Kőrösi tweeted after the U.N. conference president, Rena Lee, announced the agreement.
The negotiations had been held up for years due to disagreements over funding and fishing rights.
“After many years of intense work under EU leadership, countries agree on ambitious actions,” Virginijus Sinkevičius, EU commissioner for the Environment, Oceans and Fisheries, said in a tweet. “This is major for the implementation of the COP15 30 percent ocean protection goal.”
The European Commission said the treaty will protect the oceans, combat environmental degradation, fight climate change and battle biodiversity loss.
“For the first time, the treaty will also require assessing the impact of economic activities on high seas biodiversity,” the Commission said in a statement. “Developing countries will be supported in their participationin and implementation of the new treaty by a strong capacity-building and marine technology transfer component,” it said.
“Countries must formally adopt the treaty and ratify it as quickly as possible to bring it into force, and then deliver the fully protected ocean sanctuaries our planet needs,” said Laura Meller, a Greenpeace oceans campaigner who attended the talks, according to a Reuters report.
The treaty will enter into force once 60 countries have ratified it.
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( With inputs from : www.politico.eu )
Hyderabad: Hon Hai Technology Group (Foxconn) chairman Young Liu in the presence of Telangana IT minister KT Rama Rao, inaugurated T-Works, which is India’s largest prototyping centre on Thursday.
Speaking on the occasion, the Foxconn chairman said that he was very impressed by the speed of things in Telangana. “I think it’s very likely that with Telangana, within four years we will double the revenue of Foxconn, it will be possible with the speed of Telangana,” he added.
KTR said that with the partnership of Hon Hai Technology Group (Foxconn), Hyderabad can be made into the ‘Shenzhen’ of India.
Shenzhen, a city in southern China, is one of the world’s billionaire capitals. Several of China’s wealthiest people live in the city, many of whom built massive tech enterprises.
KTR further said that Taiwan as a country ‘amazes’ him. “A small country of 23 million people but almost a 750 billion GDP,” he added.
The minister had announced that Foxconn is going to ‘mega’ invest in the state which will lead to the creation of one lakh jobs.
“Foxconn is a company with a 205 billion dollar turnover and is in the top 20 in Fortune 500 companies list. Creating a million jobs, kudos to the team of Foxconn for making this magic happen. What you have done in Shenzhen and in China, let’s do that in Hyderabad and make Hyderabad the Shenzhen of India,” said the minister.
KTR went on to say that India and Taiwan together can synthesize beautfiul things for the world. “IT is not Information Technology, IT, in my mind is India and Taiwan. India is the powerhouse of software, and Taiwan is doing wonders in hardware,” he said.
The IT minister said that T-works was the idea of Sujai Karampuri, the CEO of T-works, and said that “Sujai has made it happen with the support of principal secretary Jayesh, my team, and the T-works team. My compliments to the entire family of T-works, they have done a truly terrific job”.
The 78000 sq. ft. prototyping centre, located at Raidurg IT corridor, is said to have cutting-edge facilities and equipment to support innovation and prototyping.
The new prototyping facility is set to encourage design thinking in the hardware field. The facility houses machinery and capabilities to carry out metalworking, woodworking, 3D printing, electronics test and assembly, environmental testing, laser cutting and engraving, and ceramics.
“We are organising T-works, T-hub, and Image Tower in a facility that sprawls about 18 acres in the Raidurg IT corridor” said KTR on Wednesday talking about T-works.
He said that more than Rs 110 crores were used to organise 200 state-of-the-art machinery in the newly inaugurated facility.
New Delhi, Mar, 02: The Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology has revealed that multiple vulnerabilities have been reported in Google Chrome.
Google Chrome is the most used internet browser across the globe with a massive market share. The Google backed web browsers is significantly ahead from its competitors when it comes to users. Not just desktop, even smartphone users rely on Google Chrome for day to day browsing and tasks. As most of the things are moving online, our reliability on web browsers is more than ever. We are now forced to share more and more of our personal information including banking details, date of birth, location and others. To keep the users safe, Google rolls out security updates for Chrome browser from time to time. Although tech companies recommend users to run the latest version of their browser, a few users opt to run the older for ease of use but it’s worth noting that older versions of browsers are easier to exploit. A few such vulnerabilities have been spotted in the Google Chrome browser and the Indian government has issued a warning for users of Chrome browser version prior to 110.0.5481.177.
The Indian Computer Emergency Response Team (CERT-In) under the Ministry of Electronics and Information Technology has revealed that multiple vulnerabilities have been reported in Google Chrome which could be exploited by an attacker to execute arbitrary code and gain access to sensitive information on the targeted system.
According to CERT-In, the vulnerability exists in Google Chrome due to Use after free in Prompts, Web Payments API, SwiftShader, Vulkan, Video and WebRTC; Heap buffer overflow in Video & Integer overflow in PDF. A remote attacker could exploit these vulnerabilities by persuading a victim to visit a specially crafted web page. Successful exploitation of these vulnerabilities could allow an attacker to execute arbitrary code and gain access to sensitive information on the targeted system.
To avoid any swindling, users should apply appropriate patches as mentioned by Google.
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Karachi: Pakistan’s annual inflation, measured by the Consumer Price Index (CPI), soared to a record high of 31.55 percent in February, compared to 27.6 percent in the previous month, driven by massive increases in food and transport prices, local media reported.
According to Arif Habib Corporation, this is the highest-ever CPI increase based on data available from July 1965, Dawn reported.
In February, 2022, inflation clocked in at 12.2 percent.
According to data released by the Pakistan Bureau of Statistics (PBS), inflation in urban and rural areas increased to 28.82 percent and 35.56 percent year-on-year respectively.
On a month-on-month basis, inflation rose 4.32 percent.
Consumer prices have risen sharply over the past several months, with annual inflation staying above 20 percent since June last year, Dawn reported.
In February, the increase in inflation was driven by a double-digit rise in all sub-indices except one.
The inflation figure is higher than the Ministry of Finance’s forecast of 30 percent.
The CPI-based inflation on a year-on-year basis will be 28-30pc in coming months, said the ministry in its monthly economic update & outlook for February, adding that the recent political and economic uncertainties were pushing up inflationary expectations.
The ministry expects inflation to remain high due to the uncertain political and economic environment, pass-through of currency depreciation, rise in energy prices and increase in administered prices in February, Dawn reported.
Although the State Bank of Pakistan has been enacting contractionary monetary policy, the inflationary expectation would take some time to settle. The Centre, in liaison with provincial governments, is closely monitoring the demand-supply gap of essential items and taking necessary measures to stabilise their prices, the report added.
