Toyota will invest 749 million in US production report says

first_img Tags 2019 Toyota RAV4 Hybrid: A tougher looking electrified crossover Share your voice 2019 Lexus LS 500h review: Full-size hybrid offers luxury with tradeoffs 2019 Mercedes-Benz S560e: Luxury cruising with an electric edge Toyota Lexus More From Roadshow 2018 Honda Accord: Turbo engines, sharper design and more spacecenter_img Lexus Toyota Comment Car Industry Hybrids 1 62 Photos Enlarge ImageToyota’s factories in Alabama and Kentucky are about to get a big cash injection from HQ in order to offset potential tariffs. Toyota Toyota has big plans in America, and to accomplish them it will be investing $749 million into its various US manufacturing facilities in addition to creating jobs for 586 people according to a report published Thursday by Reuters.What could Toyota be planning that would have it ready to whip its checkbook out for a significant chunk of a billion greenbacks? More hybrids. Duh. This is Toyota we’re talking about, so of course it’s more hybrids. It also plans to ramp up its US-based engine production, presumably to help with that whole “more hybrids” thing.But, business being business and politics being what they are right now, it also seems likely that Toyota’s expansion of its US production is a show of allegiance to the powers that be in hopes of staving off increased tariffs on the goods that it imports from Japan. As The Dude says, “You gotta feed the monkey, man.”Keep in mind that Toyota and Mazda announced last year that they’d be teaming up on a $1.6 billion plant in Alabama and way back in 2017, it pledged to invest $10 billion by 2022. It then bumped that number recently by an additional $3 billion, of which Thursday’s announcement is a part.Toyota committed to putting the money from Thursday’s announcement toward an additional 230,000 engines’ worth of capacity at its current Alabama plant by the end of 2021, and it will also add new four- and six-cylinder engine lines to the factory. The plant in Kentucky will get a cash infusion to help it build Lexus ES and RAV4 hybrids.Toyota boss Akio Toyoda is set to give a speech in Washington, DC on Friday where presumably he’ll flaunt that sweet $13 billion figure, and we only hope he’s invested sufficiently in air horns and engaged the services of a qualified hype man on his behalf.Toyota didn’t immediately respond to requests for comment.last_img read more

NCLT to hear petition against Reliance Naval Jindal India Thermal

first_imgInsolvency and Bankruptcy Code (IBC)The state-run IDBI bank has filed a petition against Reliance Naval and Engineering Ltd in the National Company Law Tribunal (NCLT) for defaulting on debt worth more than Rs 1,250 crore. Reliance Naval is part of Anil Ambani-led Reliance Group conglomerate and has a licence and contract to build warships.Mint reported that the IDBI bank has requested the Ahmedabad bench of NCTL to initiate a resolution process against the company. As of March 2018, the total debt owned by the Reliance Naval to its lenders is worth Rs 5349.17 crores.In its petition the IDBI bank said that “As per the valuation report of March 2018, the company’s net market value stood at Rs 1,880 crore while its fair market value by another valuer was around Rs 1,535 crore as on May 21,” IDBI said in its petition. The managing partner of law firm MDP and Partners, Nishit Dhruva who is representing the IBDI bank confirmed the development but declined to share further details.The Congress Party had recently raised questions against the Reliance defence’s involvement in the Rafale deal. The party questioned the selection of a company which is reeling under high debt for the multi-crore deal with the French government.Similarly, the State Bank of India (SBI) has taken Jindal India Thermal Power project in Odisha to the NCTL insolvency proceedings as a process of stake sale failed. Last week, the 180-day deadline to find a resolution ended without anything concrete. The project landed in a trouble after the Supreme Court ordered the cancellation of the coal block and recently operating at below optimum level. The total amount of loan held by owned by the Jindal India Thermal Power to a consortium of 17 lenders, led by SBI is around Rs 57.7 billion. Out of the total amount the SBI’s exposure is Rs 14 billion.The SBI is yet to take a decision on the bench where it would be filing the case. Notably, the SBI had announced expression of interest for selling 51 percent stake in the company to recover its debt but the SBI was forced to take the process to the NCLT following muted response.last_img read more

2 Rohingyas among 5 killed in gunfights

first_imgGunfight IllustrationFive people, including two Rohingya men, were killed in what the law enforcement called separate incidents of ‘gunfights’ in Cox’s Bazar, Pabna and Jashore early Tuesday, reports UNB.In Cox’s Bazar, two Rohingya men were killed in an alleged gunfight with police on Marine Drive Road in Teknaf’s Shamlarpur area around 2:00am.The deceased were Azim Uddin, 22, son of Abdur Rahim, resident of number 23 Rohingya camp in Shamlarpur; and Abdus Salam, 52, son of Rahim Ali, resident of number 15 Rohingya camp in Jamtoli area of Ukhiya.A police team raided the area acting on a tip-off, said Pradip Kumar Das, officer-in-charge of Teknaf police station. As soon as the team reached the spot, the criminals opened fire, triggering a gunfight, the OC claimed.The two men were killed on the spot. Police recovered two firearms and five bullets from the spot, the OC said, adding that four policemen were also injured.In the Sadar upazila, Sayedul Mostafa Bulu, 44, son of Jahir Hazi, resident of Pahartoli area, was killed in a reported gunfight with police at Katapahar in the early morning.Police claimed that the man was a drug trader.Police recovered 400 yaba pills, a light gun and two cartridges from the spot, said Faird Uddin Khandaker, officer-in-charge of Sadar police station.Mostofa was accused in several cases, he said.In Pabna, Md Hafizur Rahman Titas, 38, a resident of Basher Bada village, was killed in a ‘gunfight’ with police in Sara Jhaudia area of Ishwardi upazila around 2:30am.Police claimed that Titas was a robber.Police arrested Titas from Piyarpur intersection and later, conducted a drive in the area around 2:30am to catch other members of the gang.The robbers opened fire as soon as police reached the place, triggering a gunfight.Titas received a gunshot wound to the chest when he tried to flee. He was taken to Ishwardi Upazila Health Complex where the physicians pronounced him dead.In Jashore, a man was killed in a gunfight with police on Jashore-Magura road in Nongarpur area around 3:00am, said Samir Kumar Sarker, officer-in-charge of Kotwali police station.Police claimed the deceased was robber.The identity of the deceased could not be known immediately.Police recovered a one-shooter gun, three bullets and several sharp weapons from the spot.last_img read more

Sonja Herbert Creates Sisterhood of Black Pilates Instructors

first_imgBy Nadine Matthews, Special to the AFROIf you can’t find what you’re looking for, you should probably just make it yourself. That is the principle that Sonja Herbert was going by when she was looking for a community of Black women who were also Pilates enthusiasts and instructors. After teaching Pilates for 12 years and not seeing many Black women in that community, she decided to be the change she wanted to see. “I decided to start the group. I reached out to two friends of mine on Instagram. They gave me about fifty names,” she recalls. I started following them and then became Facebook friends.” Now that group has increased to over 300 people who live across the United States as well as abroad. Herbert explains, “They’re all over the world. We’ve got members from Nigeria, South Africa, Germany, Switzerland. All Black women.”Pilates Instructor, Sonja Herbert. (Courtesy Photo)Created by German fitness instructor Joseph Pilates, in the early twentieth century Pilates is an exercise system that according to Wikipedia, “Improves flexibility, builds strength and develops control and endurance in the entire body.” Popular for many years among dancers, it is particularly effective Herbert explains, “For overall core body strength. That means the trunk part of your body, like from your neck, down to your hips front and the back part of your neck, down your hips back. That’s your foundation and if the foundation is strong, then the rest of the body can move properly. Pilates will make everything else you do better. For instance it will help you do yoga better, but nothing but doing Pilates, will make you do Pilates better.”Pilates can be done as a series of exercises on the floor or using machines created specially for it. Herbert became hooked after one class when her daughter’s ballet instructor Cynthia Shipley, formerly of the Baltimore Dance Theater, convinced her to give it a try.Mainly through the use of Facebook and Instagram, Black Pilates instructors in Herbert’s community, network, mentor and provide each other with a source of support and inspiration. All instructors are either certified or are actively working toward certification. There are now two Facebook groups: one for instructors called Blackgirl Pilates (Instructors Only) and one for those looking for instructors called Black Girl Pilates Tribe. “As Black women teaching Pilates you’re not going to run into a hell of a lot of us nor are you going to run into a hell of a lot of Black clients either. We are in very White spaces. It’s pulling together all of this amazing talent and expertise but also giving each other support as Black women.” Herbert and some of the members are now developing their own certification program. “Our certification will be classic exercises that Joseph taught himself, with modern components.” Their certification will also include knowledge of the impact of two women of color on the history of Pilates. “Kathy Grant, a Black woman and Lolita San Miguel, who’s Puerto Rican,”  Herbert explains, “were certified by Joseph Pilates himself.”Herbert at one point had to defend herself and the group against charges of reverse racism, going so far as writing an essay in a national magazine addressing the issue. Herbert says she wasn’t exactly shocked. “I wasn’t really surprised. I’ve had some well-meaning White people try to join the group who just want to support us but I’m like, ‘This is a safe space and you being here would make it unsafe for us.’ I had a few conversations in the initial part of starting a group and then after, I decided that it wouldn’t be good to have those conversations.”The group meets annually in New York City for a huge mashup. In 2019, there will be an even bigger, international meeting taking place in Barcelona Spain. Excitedly Herbert shares, “I’ll be meeting a lot of women I’ve never met before.”Trying to create what she jokingly terms “Pilates Wakanda,” Herbert is coordinating a number of smaller local meetings that will take place throughout the year in locations such as New York City, Washington D.C., Maryland, Virginia, Georgia and Texas.Herbert finds it hard to pinpoint just one great benefit she received from creating this community but said, “I’ve never really had the opportunity to have a lot of female friends and I consider this community, all of them, friends. I think for me, it’s a sisterhood and the feeling of safety that brings.”last_img read more

ABI stability may finally come in Swift 50

first_imgVersion 5 of Apple’s Swift language, used for iOS and MacOS application development, will release early next year. The main focus of this release will be an ABI (application binary interface) stability in the standard Swift library, in addition to Standard Library Improvements, Foundation Improvements and Syntactic Additions. ABI (application binary interface) features in Swift 5.0 ABI defines how to call a function, how data is represented in memory, where metadata is and how to access it. The current version of Swift is not ABI stable, so every binary (App), bundles its own version of the Swift Dynamic Library. For instance, if App1 is using Swift 3.0, it bundles Swift 3.0 Dynamic Library (containing the 3.0 ABI) inside. And if App2 is using Swift 3.2, it bundles Swift 3.2 and it’s 3.2 ABI. Here Swift doesn’t live on the iOS Operating System, it lives within each App. The ABI in Swift 5.0 will enable future compiler versions to produce binaries that conform to the stable ABI. A stable ABI tends to persist for the rest of the platform’s lifetime due to ever-increasing mutual dependencies. If Swift becomes ABI Stable, its ABI will be compatible with every version of Swift. For example, if App1 is using Swift 5.0, but App2 is using Swift 5.3, both will be consuming the Swift ABI embedded in the Operating System. The ABI feature was originally intended for Swift 4 release. Carryover goals from Swift 4 that are required for implementing the ABI in Swift 5 include: Generics features for the standard library. This includes conditional conformances for generic types and recursive protocol types and lifting restrictions on associated types in protocols API resilience, which will allow public APIs for a library to evolve A memory ownership model Besides ABI stability, expect these improvements in Swift 5: #1 String ergonomics Processing of the string type is expected to get better as users will have the ability to create raw strings, distinguish between enums that are fixed and enums that might change in the future,  and check whether one number is a multiple of another by using isMultiple(of:) #2 Groundwork for a new concurrency model Swift 5 will focus on designing language capabilities for building and using asynchronous APIs and dealing with problems created by callback-heavy code. #3 Targeted improvements to the Foundation API The Cocoa SDK- which was originally designed for Objective-C, can work seamlessly with Swift. To try out Swift 5.0 ahead of its release early next year, download the latest Swift trunk development snapshot, activate it inside your current Xcode version,  and then head over to Xcode Playground for examples you can edit. Read in depth about the new features to be implemented in Swift 5.0 at HackingwithSwift. Read Next Swift 4.2 releases with language, library and package manager updates! Apple bans Facebook’s VPN app from the App Store for violating its data collection rules iPhone XS and Apple Watch details leaked hours before product launchlast_img read more

Trick or a treat Telegram announces its new delete feature that deletes

first_imgJust two days ago, Telegram, announced the new ‘delete feature’ that allows users to delete messages in one-to-one and/or group private chats. This latest feature allows users to selectively delete their own messages or the messages sent by others in the chat. To delete the message they don’t even need to compose the original message in the first place. This feature is available in Telegram 5.5. So next time you have a conversation with someone, you can delete all of the chats from your device and from the device on the other hand (with whom you are chatting). For deleting a message from both the ends, a user needs to tap on the message and select delete. After that, the user will be given an option of ‘delete for me’ or for everyone. Pavel Durov, Founder at Telegram justified the need for the feature. He writes, “Relationships start and end, but messaging histories with ex-friends and ex-colleagues remain available forever. It’s getting worse. Within the next few decades, the volume of our private data stored by our chat partners will easily quadruple.” According to him, users should have control of their digital historic conversation. He further added, “An old message you already forgot about can be taken out of context and used against you decades later. A hasty text you sent to a girlfriend in school can come haunt you in 2030 when you decide to run for mayor. We have to admit: Despite all of our progress in encryption and privacy, we have very little actual control of our data. We can’t go back in time and erase things for other people.” Telegram’s ‘delete’ feature repercussions This might sound like an exciting feature but what lies before us is the bigger question ‘Will the feature get misused?’ The next time if someone bullies a user on Telegram chat or sends something abusive or absurd. The victim probably won’t even have the proof to show it to others in the case, the attacker deletes them. Moreover, if a group chat involves a series of conversation and a user maliciously deletes a few messages, other users from the group won’t come to know. This way, the conversation might get misinterpreted and the flow of the conversation would get disturbed. The conversation might more look like a manipulated one and cause more trouble. The traces available for criminals or attackers over this platform will get wiped off. It is giving control to the users but secretly opening the ways for malicious attacks. WhatsApp’s unsend message feature seems better in this regard because it lets users delete their own messages and which also sounds legit. Also, when the message is deleted, users in the group chat or in the private chat get notified about it unlike how it works in Telegram. The feature could also cause trouble in case the user accidentally end up deleting someone else’s message in the group or in private chat as the deleted message can’t even get recalled. While talking about the misuse, Durov writes, “We know some people may get concerned about the potential misuse of this feature or about the permanence of their chat histories. We thought carefully through those issues, but we think the benefit of having control over your own digital footprint should be paramount.” Few users are happy with this news and think that this feature can save them in case they accidentally share something sensitive. A user commented on HackerNews, “As a person who accidentally posted sensitive info on chats, I welcome this feature. I do wish they implemented an indication “message deleted” in the chat to show that the editing took place.” Few others think that this feature could cause major trouble. Another user commented, “The problem I see with this is that it adds the ability to alter history. You can effectively remove messages sent by the other person, altering context and changing the meaning of the conversation. You can also remove evidence of transactions, work or anything else. I get that this is supposed to be a benefit, but it’s also a very significant issue, especially where business is concerned.” To know more, check out Telegram’s blog post. Read Next Messaging app Telegram’s updated Privacy Policy is an open challenge The Indian government proposes to censor social media content and monitor WhatsApp messages Facebook hires top EEF lawyer and Facebook critic as Whatsapp privacy policy managerlast_img read more