Posts Tagged ‘GBP’

London Euro slumped back against the U.S. dollar on Monday, as investors adjust positions ahead of Federal Reserve meeting, which some believe could announce new measures to boost the sluggish recovery.Dealers said the euro rose in early trading very strongly supported by the German trade figures which show Europe’s economic giant will help drive growth across the region.As the day develops, markets anticipate that the Fed could announce new stimulus steps in a meeting on Tuesday which will be positive for the dollar with the increase in U.S. economic prospects.

However, choppy trade with investors reluctant to make big commitments awaiting the Fed’s statement after the closely watched U.S. jobs report on Friday is much worse than expected.In late trading in London, the euro was at 1.3236 dollars, the highest in the early retreat of around 1.3283 dollars, down from 1.3276 dollars late Friday in New York.

Against the Japanese yen, the dollar is stronger at 85.86 yen from 85.48 yen on Friday.Michael Hewson of CMC Markets in London said the attention of everyone there at the Fed.”The results that will dominate this week’s sentiment   What will become of certain records would be a tone of language used in the statement of work, especially after the data is weaker than expected on Friday,” said Hewson.Forex.com said Jane Foley of choppy trade “as the market grappled with the possibility of facing the Federal Reserve.”,”Payrolls Friday may have been disappointing, but the market still was not sure because if the data illustrate a major slowdown in U.S. economic sukup” which will prompt the Fed to take new action, he said.

With interest rates near zero percent, analysts had suggested the Fed could mempertimbangkankebijakan based monetary stimulus, including a new pumping money directly into the system to increase the demand for credit.Earlier, Germany’s second largest exporter in the world after China, said exports in June surged 28.5 percent to 86.5 billion euros (115 billion dollars), the highest level since October 2008.

Meanwhile, imports surged 31.7 percent to reach a new record of 72.4 billion euros, meaning that the German trade partners also work well.”This has increased the possibility of Germany’s economy grew faster in the second quarter from the previous assumptions,” said Commerzbank analyst, Simon Junker.In London trading, the euro changed hands at 1.3236 dollars against 1.3276 dollars on Friday, at 113.65 yen (113.50), 0.8297 British pounds (0.8326) and 1.3851 Swiss francs (1, 3788).Dollar stood at 85.86 yen (85.48) and 1.0466 Swiss francs (1.0378). The pound was at 1.5951 dollars (1.5941).On the London Bullion Market, gold prices slid to 1203 dollars per ounce from 1207.75 dollars per ounce on Friday. (  AFP) –

New York  – Tens of millionaire United States (U.S.) on Wednesday (4 / 8 ) promised to give at least half their wealth to charity, as part of a charity campaign two richest men, Warren Buffet and Bill Gates.Forbes magazine estimates based on the billionaire’s wealth, at least amereka can give 150 billion dollars worth of money. Among the rich people who joined the campaign for “The Giving Pledge” is a New York City Mayor Michael Bloomberg, the media magnate Barry Diller and Ted Turner, and Oracle founder Larry Ellison, director of “Star Wars” George Lucas and energy king T. Boone Pickens.

Till now 40 richest people in the U.S., including Microsoft founder Gates and investor Warren Buffet who give a commitment.Since the campaign was launched in June, Buffett, Gates and his wife Melinda have spoken to the 20 percent richest people in the U.S. – between 70 to 80 people – to take their share. “In many cases we believe they already have the interest to charity. Already there are 40 people who signed,” said Buffett.”We want to recruit as many mungkind from 40 people to contribute and so they invite others so we can make a bigger stake and start with the good.”

U.S. millionaire campaigns asked to give at least half their wealth during their lives, or after they die, and to publicize their cause with a letter explaining their decision.Gates has kekeyaan approximately 53 billion worth of dollars, which put him in second place in the world’s richest people list of Forbes magazine. Buffett’s third-richest man is, his wealth comes from insurance and investment company Berkshire Hathaway Inc. The company ranked third in the list with a fortune worth 47 billion dollars.

“The Giving Pledge” does not accept money or directing people on how menyumbang.Para billionaires are only required to make a moral commitment to give their wealth to charity.”The idea is not to tell anyone when or how to do it, but at least offer what has been learned by the other,” Buffett said.Millionaire who was involved during this average has been actively involved in charity utnuk kegitan everything from genetics and cancer research, education, gun control, library and art.

Tax Avoidance motivation was not
“I’ve always said that I like making money, and I like to give it. I do not like to inheritance. More harm than benefit,” said Pickens, whose wealth worth approximately one billion dollars.

Buffet and Gates will make some dinner this year to recruit more millionaires, and a member of “The Giving Pledge” will hold annual meetings to discuss their charitable activities. They also will meet with some of the richest people in China in September and India in March.”We expect this to be followed by other countries. If they want to follow what we consider to be a good idea and do it, we’ll be happy,” said Buffett.Forbes said the U.S. is home to 403 billionaires, the highest compared to other countries.

“I always thought that the best thing is to make the world a better place for your children and your grandchildren, instead of giving them some money. The kids you get more benefit from your charity work than your legacy,” said Bloomberg , which has a net worth of 18 billion dollars.

Buffett said there were no members of “The Giving Pledge” whose motivation is to avoid taxes.Real estate and construction billionaire Eli Broad, the capitalist John Doerr, a media entrepreneur and former leader Gerry Lensfest Cisco Systems John Morgridge joined Gates and Buffett as “The Giving Pledge” was introduced in June. As many as 34 other members announced on Wednesday.

Buffett pledged in 2006 to give 99 percent of fatherly fortune to Bill & Melinda Gates Foundation and family charities yayasana. Bill and Melinda has so far donated more than 28 billion of their wealth to their foundations. List of billionaires and their letters can be read on the site http://www.thegivingpledge.org.

Who Partake Join The Millionaires
Paul Allen (57) has a wealth of 7.8 billion poundstrling founded Microsoft. She resigned in 1983 because of fear of cancer. Since then she has helped charities.

Michael Bloomberg (68) is a financial news tycoon with a fortune of 12 billion pounds, which now serves the New York mayoralty for the third time. He once said: “The best financial planning ended with the toss check to the funeral home.”

Warren Buffett (79) is the world’s third richest man who has a wealth of 30 billion pounds through the investment company Berkshire Hathaway. He vowed to give 99 percent of the money.

Bill (54) and Melinda Gates (45). Bill is the inventor of Microsoft, and he remains the largest single shareholder with a profit of 33 billion worth of poundstrling. He founded the Bill & Melinda Gates Foundation in 2000, which has donated more than 17 billion pounds for charity.

George Lucas (66) has a personal fortune of about 1:26 billion pounds. Director of “Star Wars” it never won an Oscar and Golden Globe and she often works with Steven Spielberg.

T. Boone Pickens (82) American financial expert who heads the BP Capital Management and was worth two billion pounds.

Rockefeller David (1995) is a member of the Rockefeller family, one of the famous American family that started from the 19th century. Personal fortune valued at 2 billion pounds.

Diane von Furstenberg (63) and Barry Diller (68) between them, worth a combined wealth of more than 1 billion pounds. Diane is a designer known for “wrap dress” designs, while Barry’s famous thanks to popular shows like “The Simpson” while working at Fox television stations.

Ted Turner (71) founder of the CNN news network and has a net worth of 1.1 billion pounds. He had more land than other U.S. citizens and have the largest bison herds on the planet.

Barron Hilton (82) is one of Conrad Hilton, who started the chain of hotels with the same name, and is the grandfather of Paris Hilton. He has wealth valued at approximately 1.6 billion pounds.(AFP)

Prepare “got away” with golden lifeboat when the ship was aground. Maybe that’s the right impression for the Chief Executive Officer (CEO) of oil company BP, Tony Hayward. When the company he led was a problem with leaking oil wells that pollute waters of the southern United States (USA), Hayward would leave it preached. He did not go empty-handed, but brought abundant coffers. If so leave the British company that Hayward will soon receive a pension amounting to 600 000 pounds sterling per year. Hayward reportedly will leave in October following the BP refinery oil spill tragedy in the Gulf of Mexico. According to BP’s pension scheme, as quoted from the page of the BBC, Monday, July 26, 2010, BP employees who joined before April 2006 can receive a pension at any time at the age of 53 years. Hayward, who has worked with BP for 28 years, is entitled to receive the facility.

Tony HaywardIn addition to pensions, Hayward will also receive one-year salary plus benefits worth more than one million pounds sterling. Thus, the total retirement package to be received later Hayward approximately 11 million pounds sterling. British executives were also able to maintain its shareholding in BP. Those shares could be worth several million pounds sterling depending on the performance of BP shares on the stock.

Although the official announcement from BP will be made on this Tuesday, the news that the Hayward will retire in October will aggressively overseas media reported yesterday. His position will be replaced by a colleague, a U.S. citizen named Robert Dudley. While according to the news, Hayward will be promoted to non-executive positions at BP’s joint venture in Russia. Hayward is one of BP’s boss is reaping a lot of criticism. That followed a statement-related statement handling oil spills in the Gulf of Mexico are considered to offend the local community.

14:00 GMT, June 11, 2010
Soccer City Stadium, Johannesburg, South Africa

With the eyes of the world trained upon the Soccer City Stadium in Johannesburg, the opening match of the FIFA World Cup offers South Africa a unique opportunity to make a statement of intent, both for their own team and for the tournament as a whole.Bafana Bafana will take to the stage after the usual extravagant, drawn out opening ceremony and will find it tough to focus their attention on overcoming their opponents after being part of such a scene. However, buoyed by the sound of around 90,000 vuvuzelas, Carlos Alberto Parreira’s men will have the entire nation – perhaps even continent – behind them as they walk out onto the pitch and you can never rule out the benefit of having a ’12th man’ in the stands.

Mexico vs south africa

Coach Parreira boasts all the experience needed to succeed at the highest level, however few have given the South Africans much of a chance of getting out of a group that also includes France and Uruguay. Led by the likes of Steven Pienaar and Aaron Mokoena, Bafana Bafana have, though, been in great form of late. Unbeaten since mid-October, the side have recently beaten Colombia, hammered Guatemala, and overcome Denmark in their warm-up games and have an excellent fourth-placed campaign in the 2009 Confederations Cup (held in South Africa) to draw upon should they need to.

Their opponents, Mexico, have also been on a good run. Unlucky to lose to England after a first-half showing that suggested coach Javier Aguirre will place his emphasis on attacking football, Mexico will have confidence flowing their veins after beating reigning world champions Italy 2-1.

It is something of a turnaround considering that, under Sven-Goran Eriksson, the Mexicans were on the verge of missing out on the tournament altogether, and Aguirre now has the team playing with a freedom that brings out their self-belief. With a mixture of veteran performers like Rafael Marquez and young talent in the form of Javier Hernandez and Carlos Vela, they will be a tough proposition for the hosts to overcome.

South Africa player in focus: Katlego Mphela. South Africa left Benni McCarthy out of the squad for a reason and one of them is the form of Mphela. With four goals in his last two starts, the Mamelodi Sundowns striker has made a first-team place his own and, on the back of an incredible goal in the Confederations Cup against Spain, his star is on the rise.

Mexico player in focus: Javier Hernandez. Having just moved to Manchester United in a deal reported to be around £10 million, the spotlight will well and truly be on the young striker. Quick, agile and with a good eye for goal, he has scored seven goals in 12 games for his country. Will need to perform better than he managed in the friendly at Wembley though, if he is to prove his doubters wrong.

Key Battle: Steven Pienaar vs. Andres Guardado. Pienaar’s form is crucial if South Africa have any hope of getting out of the group and his work on the wing will set up chances for his team-mates. A great season at Everton has raised expectation, but then Guardado’s form for Deportivo has also raised the bar on the other side. Both wide men are creative, quick and their battle down the flanks will be a deciding factor in how the game goes.

Trivia: This year’s opening match is the first ever in Africa and it will be the third opener to feature an African team. On both previous occasions the African sides picked up shocks wins as Cameroon beat holders Argentina 1-0 in 1990 and Senegal beat champions France by the same score in 2002.

Stats: South Africa coach Parreira will take charge of a side at his sixth World Cup. Kuwait (1982), United Arab Emirates (1990), Saudi Arabia (1998) and Brazil (1994 and 2006); while Mexico have been sent home in the Second Round stage in the past four World Cup tournaments.

Odds: A 2-2 draw comes in at 17.00, while Mphela looks a good bet to score first at 7.50 with Bet 365.Prediction: You can’t rule out the importance of the crowd in the first game. Players at the Confederations Cup complained of hearing what sounded like a swarm of bees on the pitch – in fact it was the vuvuzela noise – and Mexico could be stunned. It should be enough for South Africa to claim at least a draw.

The first thing you notice about the Mojave Air & Space Port is the large number of commercial airliners just sitting around under the desert sun. The climate here means it’s the perfect place for aircraft manufacturers to store planes whose owners haven’t managed to finish paying for them. If the spectre of this aviation elephants’ graveyard wasn’t strange enough, five miles to the west is the Tehachapi Pass Wind Farm – the second-biggest in the world, with more than 5,000 wind turbines.

Virgin Galactic terminal buildingIt’s a weird landscape; and it seems to inspire off-the-wall businesses, and the one-of-a-kind thinkers who run them. One of these businesses is called, with the kind of obviousness that seems redolent of a gentler age, the Spaceship Company – and in its workshop at the airfield, spaceships are being built.If that conjures up images of stick-drawing lunar modules or sleek, Wernher von Braun rockets tower-block high, think again: this spaceship is made of carbon fibre, powered by recycled nylon and laughing gas, and turns into a shuttlecock so it can flutter straight down to Earth. And instead of sitting on a launch pad in Florida it’s dropped from an aircraft built around the biggest piece of carbon fibre composite in history.And both are designed by a company whose founder lives in a half-buried pyramid in the middle of the desert decorated with murals of aliens communing with ancient Egyptians. This is the astonishing backdrop to what promises to be the first venture to take paying passengers into space.

Sir Richard Branson’s Virgin Galactic isn’t the only company taking the business of space tourism seriously. But it’s further along with its preparations than its competitors, with its Sir Norman Foster-designed Spaceport America due to be completed next year in New Mexico, and its spaceship three months into its flight-test programme.Virgin Galactic is very close to realising the dream of making travel to the edge of space available to ordinary people – and those customers with £140,000 to spare are going to double the number of the world’s astronaut corps almost overnight. ‘New Mexico passed the legislation in March to allow for informed consent of participants,’ stresses Will Whitehorn, Virgin Galactic’s MD. As of now, under U.S. law these people are participating in this space programme. They’re astronauts – it’s a legal reality. There’s been just over 500 people in space since 1961 – we hope to carry 500 in our first year.’

To get numbers like this, Virgin Galactic needs a small fleet of spacecraft and the aircraft that carry them to 50,000ft for launch. The plan is for the Spaceship Company – a joint venture between Virgin Galactic and Mojave-based aerospace firm Scaled Composites – to build three launch aircraft and five spaceships, as Virgin Galactic works towards taking fare-paying ‘participants’ into sub-orbit space from 2012, and progress towards its goal of three daily spaceflights.

As the comprehensive flight-test programme gets under way, the first job of the test pilots is to ensure that the spaceship and mothership can fly safely, efficiently and as intended when joined together, and its these flights – known as ‘captive carry’ flights, because the smaller SpaceShipTwo craft will remain attached to the WhiteKnightTwo aeroplane – that are currently taking place from the Mojave Air & Space Port. Yet even as they fly the aircraft, the pilots are learning all the time about how to operate the spaceship as well. WhiteKnightTwo’s twin pods are the same size and shape as the tubular fuselage of SpaceShipTwo, their six-passenger interiors are identical, and the mothership and spaceship work on exactly the same control systems. So every time a test pilot flies the mothership, he’s getting experience controlling the spacecraft as well.

WhiteKnightTwo

Unusually for a modern aircraft, computers do not control any of the onboard flight systems: there are computers, but they’re used solely for monitoring and informational purposes.Instead, both mothership and spacecraft are operated using traditional stick-and-rudder mechanical aircraft systems. The experience for the pilot is ‘like flying a Cessna into space,’ Whitehorn says. Even the mechanism that changes the angle of SpaceShipTwo’s wings – enabling it to adopt a fanned-out shuttlecock shape when plummeting back into Earth’s atmosphere – is manual, with a lever that operates a hydraulic system. This is an attempt to ensure that all the systems used will be as simple, and therefore as safe, as possible.

This thinking extends to the rocket propulsion system as well. The fuel used to send Apollo astronauts to the Moon was a highly combustible mixture of liquid nitrogen and kerosene-based aviation fuel; the astronauts were effectively sitting on top of a skyscraper-sized bomb. Clearly a system designed to carry passengers cannot be that volatile, so new technologies have informed the search for an engine that can boost SpaceShipTwo to its maximum speed of about 3,500mph.

The spacecraft will be fitted with a plug-in rocket booster, which can be removed after touchdown and a new fuel plug inserted to power the next flight. The fuel chosen isn’t some high-explosive compound: in fact, it sounds about as explosive as a wet salad. SpaceShipTwo will be powered by one of two solid fuels – rubber or recycled nylon.

‘The oxidiser (which combines with the fuel to produce thrust) is nitrous oxide – laughing gas,’ says Whitehorn. ‘And unlike other solid fuel engines this one can be switched off, by cutting the flow of nitrous oxide.’So it’s very reliable, and very, very safe.’ And it’s this rocket propulsion system that means the whole Virgin Galactic enterprise is shrouded in mystery. Cockpit or interior photos are unavailable because, as the system relies on rocket technology, the whole project is treated under U.S. law as if it was a weapon.

‘Every single picture that exists has to be vetted before it’s released,’ Whitehorn explains. ‘We won’t be allowed to release any detailed pictures of the interior until this thing goes commercial.’ Even for the experts at Scaled, the Virgin Galactic project has required them to go beyond what they’ve worked on before. Aside from the particular demands of a spaceship, the construction of WhiteKnightTwo has taken composite aircraft design up a level.

Essentially the airborne equivalent of a catamaran, the twin-hulled aircraft has to be immensely strong. To ensure there are no joints – creating potential weaknesses – Scaled had to create what Whitehorn says is ‘the largest single piece of composite ever built’, which runs along and inside the 140ft wingspan. This onepiece backbone means WhiteKnightTwo is, according to Whitehorn, ‘the strongest aircraft in human history.

‘There’s immense strength in the middle of the wing, which allows this vehicle to lift 17 tons to an altitude of 50,000ft. Then, when it drops the spaceship, WhiteKnightTwo becomes a zero-G flying machine – an astronaut training vehicle – and the people in the left hull, who are flying into space the next day, can do their final training in it. WhiteKnightTwo will turn on its side (with one wing pointing straight up and the other down to Earth), and fly in circles, so it becomes a flying centrifuge, generating seven times the force of gravity.’

WhiteKnightTwo

if   you want to find out where such revolutionary thinking comes from, you only have to drive for ten minutes from the Mojave airfield. On a dirt road beside a mailbox fashioned from the tail section of an old aircraft, there’s a half-buried house shaped like a six-sided pyramid sticking out of the desert sand. On one of its subterranean walls – so it’s said – there’s a mural showing aliens helping ancient Egyptians to build the monuments of Giza. And it’s in this house that the story of the Virgin Galactic enterprise really begins.

The home belongs to Burt Rutan, the pioneering aviation designer behind the Voyager aircraft, which flew around the world on a single tank of fuel in 1986. Rutan runs Scaled Composites, and he has produced some of the most ingenious designs in aviation. Although he’s told at least one interviewer he is convinced aliens helped build the pyramids, his single-minded way of looking at design problems has helped his company progress in areas the big aerospace corporations have had trouble getting their heads around – such as space tourism. In 2004, Rutan and Scaled, with funding from Microsoft’s Paul Allen, won the Ansari X Prize – a $10 million fund awarded to the first team that managed to put a man in low Earth orbit twice within a fortnight. Scaled’s design was called SpaceShipOne: a rocket launched at above-airliner altitude from a mothership.

Meanwhile, the other prime mover in the Virgin Galactic story was making his way to Mojave via Morocco. Richard Branson was an early convert to the idea of space tourism: Whitehorn, a long-time Virgin Group staffer, says discussions took place between the British mogul and the Soviet leader Mikhail Gorbachev in the Eighties that would have seen Branson journey into space on board a Russian Soyuz spacecraft. Then one night in 1996, in a bar in Marrakesh, ahead of the launch of one of his round-the-world balloon trips, Branson and balloon pilot Steve Fossett fell into conversation with Apollo 11 moonwalker Buzz Aldrin.’Richard asked why they never launched rockets into space from balloons – wouldn’t it be a lot cheaper?’ recalls Whitehorn, who was present.

‘Buzz then explained that the U.S. Navy had experimented with balloon-launched rocket capsules in the Fifties, but that it had been abandoned in the Sixties; and there was a programme called the X-15, which was a rocket launched from a B-52 bomber. End of story, until the next day, when Richard said to me, “We should keep an eye on these ideas.”‘ Three years later, Whitehorn was in Mojave, looking at a bizarre rocket/helicopter hybrid. ‘There was no way that was going to work,’ Whitehorn says. ‘But in the process, Richard went to Mojave to look at it, and while he was there he met Burt.’

Rutan’s first collaboration with Branson was the Virgin Atlantic Global Flyer – effectively a development of Rutan’s Voyager aircraft.’We’d just invested in the railway business, where you could go out and tell the companies what you wanted and they’d build a train for you on spec; but in the airline industry you had to take what you were given,’ says Whitehorn. ‘So Richard got very interested in composites, and then Steve Fossett suggested building a very fuel-efficient high-altitude jet that could go around the world in three days.’

olivia boereeAs a model, TV presenter and astrophysics graduate, there are many strings to Liv Boeree’s bow But now she can add a new one   poker ace The 25-year-old brunette beat 1,240 contestants at a major tournament to win a cool £1.1millionShe paid only 500 euros to enter the European Poker Tour and scooped the life-changing sum with just a pair of fives, seeing off a tough professional rival.

Beautiful women university graduates in the UK has won more than one million pounds  in a poker tournament in San Remo, Italy. Olivia Boeree, 25, became the third woman ever to win the European Poker tour (EPT) and capable of beating 1240 other players and reached 1.25 million Euros fantastic prizes.

Olivia, whose nickname is Liv, who majored in astrophysics at the University of Manchester, admitted could not believe it when the beat Jakob Carlsson, a Swedish professional poker player. “I can hardly believe it can overcome the most difficult situations in my life. EPT tournaments I’ve won, and won a fantastic prize,” he said. “Unbelievable, I am a scientist but could win the EPT tournament. It’s really a strange feeling,” she wrote on her Twitter page.

In addition to the nickname, she also has a popular name Iron Maiden. This name at Liv, because his favorite types of heavy metal music. Liv never took part in a reality show on Channel 5. While electric guitar, he sang songs of heavy metal.After leaving university, she took part in, and won, a number of TV game shows. Following one appearance, she was approached by Channel 4 and invited to audition for Carol Vorderman’s spot on Countdown.

olivia boereeShe didn’t get the job, but her big break came when she was asked to take part in a Channel 5 programme called Ultimate Poker Showdown and was taught to play the game that has made her a millionaireSince then, she has worked as a TV presenter on poker channels, hosted an MTV heavy metal music awards programme and modelled for men’s magazines Loaded and Maxim, as well as appearing on the covers of gambling magazinesOver the past three years, she estimates she has won a total of £1.8million in tournaments across Europe, Australia and America, and is now ranked ninth in the league of top poker players.

The biggest prize ever won when the prize was given 30 000 Pounds Eupean Ladies tournament. Liv’s total revenues from various tournament that followed around 1.3 Million Ponds (USD 17 Billion). Currently only one dream Liv, EPT tournament in Monte Carlo. Prize money will be invested to purchase the property. “I will invest to buy a property in Las Vegas and London. I really like with these two cities,” he said.

She claims her best weapon against opponents is her trademark ‘Liv Stare’, which she uses to rattle their nerves.Despite her success, she still lives at home in Milstead, a small village near Sittingbourne, Kent, with her mother Elaine Cross, 54, who runs a business selling suitcases and handbags, and stepfather Tony Cross, 53, a retired police constable.

olivia boereeMrs Cross said: ‘She’s not really a gambler, that’s the irony of it. She’s very sensible and extremely careful with her money.’She added that her daughter had a ‘ mathematical brain and an incredible poker face’, saying: ‘I don’t play her at Scrabble any more. She’s very competitive, she always has to win.’Miss Boeree’s father, publisher Chris Boeree, 60, said: ‘She looks a million dollars and other players must be fazed by her.’

17,000 flights were expected to be canceled on Friday due to the dangers posed for a second day by volcanic ash from Iceland

Posted: April 16, 2010 in breaking news
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A huge ash cloud from an Icelandic volcano spread out across Europe on Friday causing air travel chaos on a scale not seen since the September 11 attacks.About 17,000 flights were expected to be canceled on Friday due to the dangers posed for a second day by volcanic ash from Iceland, aviation officials said. Airports in Britain, France, Germany, and across Europe were closed until at least Saturday.”I would think Europe was probably experiencing its greatest disruption to air travel since 9/11,” said a spokesman for the Civil Aviation Authority, Britain’s aviation regulator.”In terms of closure of airspace, this is worse than after 9/11. The disruption is probably larger than anything we’ve probably seen.”

Following the September 11, 2001 attacks on Washington and New York, U.S. airspace was closed for three days and European airlines were forced to halt all transatlantic services.

Vulcanologists say the ash could cause problems to air traffic for up to 6 months if the eruption continues, but even if it is short-lived the financial impact on airlines could be significant.The fallout hit airlines’ shares on Friday with Lufthansa, British Airways, Air Berlin, Air France-KLM, Iberia and Ryanair down between 0.8 and 2.2 percent.The International Air Transport Association said only days ago that airlines were just coming out of recession.

“LIMITED COMMERCIAL SIGNIFICANCE”

The flight cancellations would cost carriers such as British Airways and Lufthansa about 10 million pounds ($16.04 million) a day, transport analyst Douglas McNeill said.

“To lose that sum of money isn’t a very pleasant experience but it’s of limited commercial significance as well,” he told BBC TV. “A couple of days like this won’t matter too much. If it goes on for weeks, that’s a different story.”The volcano began erupting on Wednesday for the second time in a month from below the Eyjafjallajokull glacier, hurling a plume of ash 6 to 11 km (4 to 7 miles) into the atmosphere.Officials said it was still spewing magma and although the eruption could abate in the coming days, ash would continue drifting into the skies of Europe.

Volcanic ash contains tiny particles of glass and pulverized rock that can damage engines and airframes.

In 1982 a British Airways jumbo jet lost power in all its engines when it flew into an ash cloud over Indonesia, gliding toward the ground before it was able to restart its engines.The incident prompted the aviation industry to rethink the way it prepared for ash clouds.

Of the 28,000 flights that usually travel through European airspace on an average day, European aviation control agency Eurocontrol said it expected only 11,000 to operate on Friday while only about a third of transatlantic flights were arriving.The British Meteorological Office showed the cloud drifting south and west over Europe. Eurocontrol warned problems would continue for at least another 24 hours and an aviation expert at the World Meteorological Organization said it was impossible to say when flights would resume.”We can only predict the time that flights will resume after the eruption has stopped, but for as long as the eruption is still going on and still leading to a significant eruption, we cannot say,” said Scylla Sillayo, a senior official in the WMO’s aeronautical meteorology unit.

AIRSPACE CLOSED

Britain’s air traffic control body said all English airspace would be closed until 8 p.m. EDT on Friday although certain flights from Northern Ireland and Scottish airports were being allowed to take off until 1800 GMT.”When the experts give us the all-clear we’ll get the operation back up and running,” Paul Haskins, head of safety at National Air Traffic Service, told BBC radio.

There were no flights from London’s Heathrow, Europe’s busiest airport, which handles some 180,000 passengers a day, while officials at Germany’s Frankfurt airport, Europe’s second busiest, said flights would be suspended from 2 a.m. EDT.Around 2,000 people slept overnight at Amsterdam’s Schiphol Airport, a spokeswoman said, adding they did not expect airspace in the Netherlands to reopen soon.

Eurocontrol said airspace was closed over Belgium, Denmark, Sweden, Norway, Finland, Estonia, the north of the Czech Republic, northern France including all Paris airports, and at airports in northern Germany, Austria and parts of Poland.

Polish officials said if the disruption continued, it might force a delay in Sunday’s funeral for President Lech Kaczynski and his wife who were killed in a plane crash last Saturday.Airlines across Asia and the Middle East have also canceled or delayed flights to most European destinations.

However, as the ash plume drifted south over Europe, Irish officials said most of the airspace over Ireland had reopened.The air problems have proved a boon for rail companies. All 58 Eurostar trains between Britain and Europe were operating full, carrying some 46,500 passengers, and a spokeswoman said they would consider adding services if problems persisted.(Reuters)

British AirlinesLondon – British Airlines, British Airways (BA) strike affected the work of the crew. Thousands of BA cabin crew today began a strike which will last three days. The strike is to protest the planned reduction of operational costs that BA will have an impact on worker wages. BA plans to save the previous spending of £ 62.5 million to overcome the negative impacts that arise because of declining passenger, fuel price fluctuations and competition with other airlines. More than 1,000 BA flights will have a three-day cancellation of the strike. Strike was carried out after negotiations between the leadership of the UK’s largest trade union, Unite, Tony Woodley with BA chief executive Willie Walsh at a stalemate. “With great disappointment I have to say that all negotiations had failed,” said Woodley told reporters as quoted by AFP news agency on Saturday (20/3/2010).

“This company (BA) did not want to negotiate, these companies only want to fight with my members,” Woodley added. Total flight BA 1100 from approximately 1950 scheduled flights during the strike will be canceled. BA was determined to keep flying at least 60 percent of passengers who rely on the staff did not join the strike. BA also will use 22 aircraft with the pilot and crew of eight other European airlines. Prime Minister (PM) United Kingdom Gordon Brown called on BA management and the workers to return to talks as soon as possible.

Stamford Bridge owner Roman Abramovich will fine the love-rat left-back £200,000 for twice smuggling a girl into the team’s hotel on the eve of matches.Now fresh revelations have emerged – that the England star romped with American girl Ann Corbitt in Seattle during a pre-season trip to the States last summer.Cole, 29, is also said to have convinced Chelsea head of communications Steve Atkins that this latest story was not true.And now the club hierachy are mortified to have discovered that he may have lied to the senior club official, who was then implicated in a cover-up aimed at stopping details appearing in the papers.Cole is now set to be hauled before Blues chiefs to explain and could face further punishment.

WASHINGTON  For the billionaire who has a unique hobby, get ready for spent your cash out  because the United States Space Agency (NASA) issued a supply of interesting. NASA offered their spacecraft, Discovery, Atlantis and Endeavor, to be sold to the public. The aircraft was passengers eight people, has traveled 341,311,994 miles, with a top speed of 17.231 miles per hour. That number is the accumulation of the three aircraft. Not only was already retired aircraft is also equipped with six pockets to puke. The planes have been served out of the sky over 129 times since 1981. Besides this large aircraft was orbiting in space over 13.662 times. So reported The Sun, Friday (12/2/2010). Now anyone interested to buy used planes full of history but an amazing adventure, needs to raise approximately £ 17.7 million.

But sales in this plane for plane body only, while the engine certainly will not share sold. If the buyer is forced to buy as well as aircraft engines and tried to take him out space, the owner will probably not be able to finance one-way trip out space missions.
This is due to the high cost for a single space mission. Money 820 million pounds or approximately £ 17.7 million is needed for all missions. Enough money to be issued an adventure, even for a millionaire though. Discovery own aircraft is now owned by the American Space Museum in Washington. As for the other two aircraft, NASA has declared a deadline to supply the aircraft on February 19 next.