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Tuesday, 7 May 2013

WTO names Roberto Azevedo as new head

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A Brazilian trade diplomat has been named as the next head of the World Trade Organisation (WTO).
Roberto Azevedo will succeed France's Pascal Lamy in September, the Brazilian government says.
Mr Azevedo, Brazil's ambassador to the WTO since 2008, was competing for the post with Mexico's former trade minister Herminio Blanco.
The WTO is expected to formally announce Mr Azevedo as its new director-general on Wednesday.
He will be the first Latin American to head the WTO since its creation in 1995.
The process of choosing a new head has taken six months, with nine hopefuls putting their names forward for the post.

Brazil's Roberto Azevedo gesturing during a press conference in GenevaBrazil's Roberto Azevedo will take over from Pascal Lamy as head of the WTO
The Brazilian President, Dilma Rousseff, issued a statement congratulating the diplomat.
'Victory for WTO'
"This is not just a victory for Brazil or a group of countries, but for the whole WTO," the communiqué read.
Mr Azevedo will be busy from the very start of his new job. The WTO's biennial meeting of ministers takes place in Bali in Indonesia in December.
The WTO is battling to get agreement in the run-up to the meeting, even though it has scaled back its ambitions to liberalise trade, after the so-called "Doha" round collapsed following ten years of talks.
The aim of the Geneva-based WTO is to facilitate global trade, making the flow of goods and services around the world as free and fair as possible.
The WTO replaced the General Agreement on Tariffs and Trade (GATT) which had been overseeing the rules of commerce since 1948.
The GATT covered trade in goods, while the WTO also deals in the trade of services, inventions and designs.
While trade disputes were heard under the GATT rules, the process is faster under the WTO, even though trade cases can still run for years.
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Dow Jones closes above 15,000 as world shares gain

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The Dow Jones index closed above 15,000 for the first time as strong German factory data pushed US and European share markets higher.
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The Dow rose 87 points to 15,056. It has been rising rapidly over the past six months, and was boosted by better-than-expected jobs figures last week.
Other world markets also gained, with Germany's Dax hitting a fresh record, rising 70 points to 8,182.
Hopes of further central bank action to boost growth also lifted sentiment.
Earlier on Tuesday, the Reserve Bank of Australia cut its benchmark interest rate to a record low 2.75%.
This followed comments on Monday from Mario Draghi, head of the European Central Bank, that the ECB stands "ready to act again" if necessary, after cutting interest rates last week.
London's FTSE 100 was up 0.6% and France's Cac 40 rose 0.4%.
Earlier, Japan's Nikkei 225 index went above 14,000 for the first time since mid-2008 as government efforts to weaken the yen boosted exporters.
'Credit' the economy
US markets have been on a winning streak recently, lifted by good economics data. Most recently, Friday's labour market data showed that 165,000 jobs were created in the US in April, some 20,000 more than expected.
Continue reading the main story

“Start Quote

Today, it is really difficult not to use superlatives for describing the latest German new orders data”
Andreas ReesUniCredit Research
The Standard & Poor's 500 closed at a record high for the fourth day in a row on Tuesday, up eight points to 1,625.
"We don't think people are giving enough credit to the strength of the economy,'' said Ryan Detrick, a senior technical strategist at Schaeffer's Investment Research.
Tuesday's market gains were also boosted by some positive earnings results by accessories retailer Fossil Inc and DirecTV.
Both the Dow and the S&P 500 have now gained 20% since November.
Bank profits
Germany's Dax hit the new record after surprisingly strong industrial orders figures for March.
Orders for goods grew 2.2% in March compared with the previous month. February's level was revised down 0.1 percentage points, but still showed a 2.2% rise.
"Today, it is really difficult not to use superlatives for describing the latest German new orders data," said Andreas Rees, chief German economist at UniCredit Research.
Elsewhere the FTSE was up after HSBC, Europe's biggest bank by market value, said profits more than doubled in the first quarter as it benefited from recent restructuring efforts, and booked less bad loans.




Japanese shares
A weaker yen has boosted Japanese shares back to highs not seen since 2008

In France, investors welcomed announcements of additional cost-cutting efforts by Societe Generale and Credit Agricole to boost their bottom line.
Market sentiment in Europe was also lifted after Portugal issued 10-year government bonds for the first time since it received a bailout two years ago, which represented a milestone in its efforts to regain investor confidence.
Strong demand at the bond sale suggests the country is on course to exit its bailout. European Central Bank policymaker Yves Mersch called the bond issuance an "enormous success".
Yields fell to around 5.5%, lower than the 7% which is considered to be economically unsustainable for a country to repay its debts in the long term.
Exporters gain
The 3.6% rise in Japanese shares came as investors returned from a three-day weekend. The Nikkei gained 486 points to close at 14,180.
"Japanese investors returned from Golden Week national holidays in buoyant mood, bidding stocks in the Nikkei 225 average to their highest since mid-2008," said Andrew Wilkinson, chief economic strategist at Miller Tabak.
Japanese shares have rallied since the Bank of Japan announced new measures to pump liquidity into the financial system in an effort to get the country out of two decades of deflation.
That has weakened the yen against other currencies. The Japanese currency has fallen 15% against the dollar, making exporters more competitive as their products are cheaper when sold overseas.
For every yen that drops against the dollar, Toyota, for example, says its annual operating profit rises by 35bn yen (£230m).

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China trade growth accelerates beating forecasts

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China's trade growth accelerated in April, beating analyst expectations, a positive sign for the country's fragile economic recovery.

Shanghai portChina's export and manufacturing sector have been key drivers of its economic growth
Exports surged by 14.7% compared with a year earlier. That is up from 10% in March. Imports also rose by 16.8% up from 14.1%.
The data meant a trade surplus for China, reversing a surprise deficit in March.
However, some analysts raised questions about the accuracy of the data.
"I have no strong conviction whether the data reflect reality," said Zhiwei Zhang, chief China economist at Nomura in Hong Kong.
China had a bigger-than-expected trade surplus in April of $18.2bn, after a surprise deficit of $884m in March.
'Crack down'
In recent months Chinese export data has shown positive signs of a gradual recovery in external demand.

“Start Quote

With Beijing tightening checks on hot money inflows disguised as trade transactions, I think the export figures in the coming months will more reflect the real underlying momentum of external demand”
Shen LanStandard Chartered Bank
But that is not in line with other Asian exporter countries, such as South Korea and Taiwan, which have seen their export growth weaken amid slowing global demand.
Some analysts said they suspected that some Chinese exporters may be overstating their business to avoid capital restrictions on funds they are bringing into the country.
China, which keeps a tight grip on capital flows in and out of country, has announced fresh moves to control any illegal flows.
On Sunday, the State Administration of Foreign Exchange (SAFE), China foreign exchange regulator, said it would increase its scrutiny of export invoices and impose tougher penalties on firms providing false data.
Analysts said the move indicated that the practice had become a concern for them.
"China's SAFE recently launched new rules to crack down against capital inflows disguised as trade payments. I'm suspicious about the trade data," said Mr Zhang.
Delayed recovery?
Chins has been trying to boost its economy, after the recent slowdown in its growth rate.
The world's second-largest economy saw its annual growth rate slow to 7.7% in the January to March quarter, compared with 7.9% in the last three months of 2012.
However, analysts said that while there had been some signs of a recovery, it continues to remain a fragile one.
They pointed out to the purchasing managers' index (PMI) survey released last week, which showed that growth in China's huge factory sector slowed in April as new export orders shrank.
At the same time there have been doubts that growth numbers in the first quarter may have been inflated by the over-invoicing by exporters.
Some analysts said the data over the next few months will be a more accurate indicator of China's trade growth, and the overall health of its economy.
"With Beijing tightening checks on hot money inflows disguised as trade transactions, I think the export figures in the coming months will more reflect the real underlying momentum of external demand," said Shen Lan, an economist with Standard Chartered Bank in Shanghai.
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Warren Buffett Twitter followers hit 140,000 in three hours

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Legendary US investor Warren Buffett has joined Twitter.
American Billionaire Warren BuffettWarren Buffett attracted 10,000 followers within 10 minutes on his Twitter debut
The "Sage of Omaha" could become one of Twitter's most followed. Users are flocking to follow him. Within ten minutes of signing up, 10,000 were following him and three hours later the numbers were climbing past 140,000.
His first tweet, under @WarrenBuffett, was "Warren is in the house".
Mr Buffett, chairman and chief executive of Berkshire Hathaway, is famous for shunning new technology.
Despite the surge of followers, Mr Buffett has not been active in seeking people to follow, with his page showing he was following no-one after three hours.
Berkshire Hathaway owns around 80 companies that include railway, clothing, furniture and jewellery firms.
Its insurance and utility businesses typically account for more than half of the company's net income.
It also has major investment stakes in companies such as Coca-Cola, the banking group Wells Fargo, and the computer maker IBM.
Mr Buffett made his Twitter debut during a live webcast hosted by Fortune magazine.
This weekend, Mr Buffett will preside over Berkshire Hathaway's annual shareholder meeting in the US city of Omaha.
The meeting is expected to attract more than 35,000 investors. Typically, attendees tweet everything he has to say during the course of the event.
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Qatar Foundation Endowment buys Bharti Airtel stake

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India's largest mobile phone operator, Bharti Airtel, has agreed to sell a 5% stake in itself to the Qatar Foundation Endowment (QFE).
India mobile phone user
The Qatari investment vehicle will acquire new shares in Bharti for $1.26bn (£810m).
The deal comes as the Indian telecom firm looks to strengthen its finances.
Bharti posted its 13th successive drop in quarterly profit on Thursday, with a near 50% fall in profits compared with a year earlier.
It made a net profit of 5.1bn rupees ($94.7m; £60m) during the quarter, down from 10bn rupees during the same period last year.
Indian telecom firms more generally have been struggling with rising costs and narrowing profit margins in recent years.
The QFE is the investment arm of the Qatar Foundation - a non-profit organisation wholly-owned by the Qatari royal family.
Rashid Al-Naimi, chief executive of the QFE, said that the investment in Bharti was a long-term one.
He said the deal would give the investment vehicle an "exposure to a high-growth sector in key emerging markets".
Sunil Bharti Mittal, chairman of Bharti said: "This strategic partnership with QFE demonstrates the confidence they have in us and our strategy for growth."
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Wearable technology: The bra designed to shock attackers

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Protest march in New Delhi in December 2012Students in New Delhi demand justice for the young gang rape victim
"The Delhi gang rape was the trigger. But also the numbness of women - and law-makers against this social menace. It was high time we women needed a change."
Manisha Mohan is an aeronautical engineering student at SRM University in the Indian city of Chennai.
She is also a young woman in a country that was thrown into chaos following the brutal gang rape of a 23-year-old student in Delhi in December, 2012.
Together with fellow students Niladhri Basu Bal and Rimpi Tripathi, she decided to use her technical skills to try and do something to help protect women like her.
After talking to women living in hostels about their experiences of harassment - called Eve-teasing in India - they developed a bra designed to deliver a 3800kv electric shock to any would-be rapist, enough to cause severe burns.
SHE (Society Harnessing Equipment)The anti-rape lingerie (left) and the electronics that make it work. The team want to make the components smaller.
The SHE (Society Harnessing Equipment) can also send a text message to a relative or friend and the local police station, with the GPS coordinates of the victim's location, says Ms Mohan.
The bra is fitted with a pressure sensor connected to an electric circuit. So how can the wearer be sure they won't be on the receiving end of a hefty electric jolt?
The team - (left to right) Niladhri Basu Bal, Rimpi Tripathi and Manisha Mohan collect a Gandhian Young Technological Innovation AwardThe team collect a Gandhian Young Technological Innovation Award for the lingerie
"Firstly, the system is placed in a bi-layer fabric, which ensures insulation to the victim," says Ms Mohan.
"Also the pressure values for squeeze, pinch and grab have been calibrated. The force applied on hugging does not satisfy the conditions for actuation of the device, and there is also a self-actuation switch where a woman can actuate it by herself when in unsafe environment."
Musical interlude
While the SHE was designed using components that are fairly easy to come by, a California-based start-up called Machina is using skilled Mexican artisans to handcraft a jacket that makes music.
The Machina Midi (Musical Instrument Digital Interface) jacket is the result of a successful Kickstarter campaign that ended in February 2013 and raised $77,000.
Linda Machina is one of the co-founders.
 Machina Midi JacketThe Machina Midi Jacket is designed to turn the body into a musical instrument
"We went to a concert and saw a guy just making music through his computer," she says.
"We wanted to change that. We wanted to bring the act of performance back to life by having the musician use his body as an interface."
Embedded in the fabric are four flexible sensors which can detect the position of your fingers, an accelerometer which tracks the movement of your arm, a joystick and four push buttons.
The sensors and buttons can be configured anyway the wearer wants. It is linked to an interface app either on their computer or mobile device.
"This is our first jacket, and we're developing this technology from the ground up," says Ms Machina.
"The accelerometers make using the jacket a different type of interface for composing music, adding kinetic capabilities. The jacket will be a platform.
"This is just the initial functionality, but we're creating a hack store that will allow users to upload their own presets and their own programs, so if you want to use it to control your iPod, to mix video, add extra sensors, or hack it to interact with a Kinect, you'll be able to do it.
Sensor locations on Midi JacketRead the signs: The sensors are embedded in the fabric of the jacket, with geometric graphics to indicate their location
"All of our code will be available freely."
The company is still experimenting with the final hardware, and is considering adding a second accelerometer, gyroscopes, and replacing the push buttons.
Kickstarter backers should get their jackets later this year, while the rest of us will have to wait till early next year.
Sound it out
If you have a hearing impairment it might seem you could have only a limited interaction with Machina's Midi jacket. But that could change.
To the uninitiated, the Flutter looks like an ordinary white dress, with feather-like fragments of fabric running up and down.
But these embellishments hide a secret.
"The network of microphones [listens] for sounds in the environment, they are connected with microcontrollers that talk to each other, and they kind of vote on the direction," says Halley Profita, the University of Colorado PhD student behind the dress.
Flutter dressWhat lies beneath: The Flutter dress hides a network of microphones and sensors designed to help people with a hearing impairment 'feel' the direction of sound
"And so once they decide which direction it is coming from, it gives haptic feedback [vibration] in that direction ... it is more of an intuitive cue to look behind you, like someone tapping you on the shoulder."
"We wanted to create a natural mapping as to where the sound is coming from and where you should look."
The feeling is similar to the vibrations from a mobile phone.
Halley Profita with FlutterHalley Profita with the dress which won awards at the International Symposium on Wearable Computers (ISWC) in 2012
Ms Profita is fascinated with the possibilities wearable technology offers to create clothes that improve the wearers standard of living - but also look good.
"Some products [people with disabilities] don't want to use merely because they look bad. It calls attention to their disability and nobody wants that," she says. "We look at developing products that are both aesthetic and functional, and we try to create assistive technologies so that they won't draw attention to one's disability"
"Hearing aids for example are the number one form of rejected uses of technology, and there can be a very strong reaction to [cochlear implants] in the deaf community.
"I wanted to create something that used the landscape of the body as an interface to communicate things about the outside world, in a different medium."
Flutter is still at the research stage. Ms Profita hopes to start testing it out on humans in the autumn, and future plans could include incorporating a hearing aid into the design.
"For a system like this it has to be foolproof," she says.
"We don't want someone to fully rely on it, then it fails at some point, and then their life is at stake."
Ready to wear
Some ideas are so simple you wonder why they haven't been thought of before.
Asher Levine's Fall/Winter 2013The clothing from Asher Levine's Fall/Winter 2013 can all be tracked via bluetooth
Asher Levine has been sewing since he was 10-years-old, when his mother enrolled him in a sewing class. Now 25, he has been running his own New York fashion house for the past three years.
As well as menswear and accessories he makes performance wear for the likes of Lady Gaga, Beyoncé, and the Black Eyed Peas, including the red white and blue jacket worn by Wil.i.iam at the Queen's Diamond Jubilee concert.
He likes to experiment with technology - for his 2012 fall/winter collection he worked with Makerbot to create 3D-printed glasses.
For 2013 he has partnered with start-up Phone Halo.
"They are a technology company that specialises in Bluetooth integration with your phone," says Mr Levine.
"They had this idea of connecting really anything through this chip to your Bluetooth so that you won't lose anything.
"I have lost so many gloves in the past, and I wanted to add these features to our premium items, because some of our pieces can be quite expensive even to someone who spends a lot of money on clothes."
The Asher Levine TrackR app sounds an alarm if you go too far from the chipped item. If you still manage to leave your favourite jacket behind, it will send you a text, email or Facebook message with the GPS coordinates of the last known location so you can track it down on Google Maps.
Mr Levine sees this as the first step in a world of possibilities for this type of technology.
Bluetooth chipThis chip was embedded in the first trackable product, a polyurethane bag. The chips embedded in the current line are much smaller, dime-sized discs.
"Right now you cover your body, it's to keep you warm, it's to attract mates, but how much more can it be integrated into your life?" he says.
"I think with the technology aspect, it's really exciting to create these new ways in which you interact with your own world, augmenting the experience of being a human. Clothing is the skin you put on."
Starting out
In Chennai, Manisha Mohan and her team are working to make their anti-rape lingerie more practical. The electrical components are bulky, and need to be smaller to be practical.
They also want to use bluetooth technology to link the bra to a smartphone app.
It is a work in progress. If all goes well, they would like to start selling the bra.
"My vision is to see every women walking confidently on the streets in all parts of the world, even at odd hours," says Ms Mohan.
"I aim to give a sense of self-security to women living in the rural areas too. I have not accomplished any of my dreams yet, so it certainly does not give a sense of achievement so far.
"Indeed, it adds more responsibility on my shoulders, as many women have placed their trust in this device."
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Clear your desk and go anywhere (almost) paperless

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Clerks in the insurance department at the Daily Express in 1935Buried in paperwork: Mounds of paper can be overwhelming - avoid that 20th century feeling with some 21st century technology
Do you dream of a clean, paper-free desk, a minimalist haven where you will never have to worry about losing something vital ever again?
There's been a huge shift in the paperless office concept recently. At one time people scanned purely for archival reasons.
Now they make "access anywhere" the main priority. It's often portrayed as easy - scan, shred, relax. However many little obstacles get in the way.
According to Brooks Duncan who runs an advice website called documentsnap.com the most challenging part of the process is to think about it before you start, and find a method that works for you.
"It definitely pays off when you are first looking at going paperless to take some time with organization," he says.
"What a lot of people do is they go out and buy a scanner and then start scanning their documents. They replace their physical paper mess with a digital mess!"
Mapping your data
Surprisingly it can be quite hard to create a system whereby every single piece of paper that lands on your desk, or is scrunched up in your pocket, has a pre-determined pathway to a digital existence.
For those of us that think visually one suggestion is to try Freemind.
It's an open source tool that allows you to map out every step of a given task. For example with receipts it might end up looking like this:
Freemind mind map
"RECEIPTS-check pockets-check bags-scan-mark original as "scanned"-add to Evernote-place original in "2013" envelope for taxes-mark envelope contents to be shredded after seven years."
Each type of paper document then has its own course. Utility bills may be shredded immediately, whereas tax documents might need to remain intact for the life of a business, if not longer.
Scan it in
The physical part of the paperless office changed dramatically about eight years ago.
The ScanSnap launched, an all in one unit that could scan 20 pages a minute and do double sided pages, thanks to a new roller system.
Its price point meant small companies and individuals could get access to a fast, virtually jam-free experience for the first time.
ScanSnapThe ScanSnap is one of a new generation of scanners that can scan documents and send them to a mobile device
The latest model, the iX500, has re-invented the gear-driven roller technology and added the ability to scan wirelessly to iOS and Android mobile devices.
It has a re-engineered GI (graphics interface) chip on board, doing image correction work normally accomplished on a computer.
Michael Sidejas from Fujitsu pointed out the onboard chip has added benefits too, allowing the energy efficient scanner to be essentially "always on".
"The processor has to be fast enough not to stand in the way of ad hoc scanning," he says.
"With scan to mobile [you] lift the lid on the scanner and can scan immediately to our mobile app. It takes about 12 to 15 seconds".
There are now scanners for virtually every kind of job within an office.
If you need to digitally capture books or account ledgers then the HoverCam Solo 5 could prove useful.
It plugs into a computer and its extendable arm contains a five megapixel camera and row of LED lights.
HoverCamThe HoverCam can capture images in JPEG, BMP, GIF, TIFF, PNG or PDF formats
John Miewald from HoverCam says it's possible to scan a book at your own pace using your hand as a visual trigger.
"The HoverCam uses motion detect to sense that a change has occurred beneath the camera. The user can set a countdown timer so that once motion is detected, he or she has several seconds to move out of the frame."
PC-free, mobile scanning is the latest trend in the paperless office story.
The Doxie Go for example is a hand held battery powered scanner with an SD slot for unlimited storage.
Since no screen is necessary you can scan documents anywhere. And with the addition of an optional Eye-Fi SD card you can configure it to upload documents from a wifi hotspot to numerous places online.
Spring cleaning
Here in America April is a popular time to go paperless.
The just-crossed tax time deadline must surely have pushed many small businesses and individuals to re-examine their vast collections of documents.
In the past couple of years online services that try to take paper out of our lives have become popular.
Sites like Manilla.com and Doxo.com offer a "one stop shop" to receive all paperless bills.
In practice some business bank accounts simply cannot be added, because access to the online statements requires a real-time password dongle or two-step verification, which an automated retrieval service cannot handle.
The cloud has become one of the biggest advances, and one of the greatest challenge of the paperless office.
Woman looking over the top of filesSaving a forest: You may not be totally paperless, but you should be able to talk to your co-workers again...
Services like Evernote and Google Drive frequently partner with the hardware companies. Yet some people simply can't bring themselves to trust any form of cloud storage.
The day to day convenience of instant retrieval and research across multiple platforms, coupled with automated Optical Character Recognition (OCR) seems less appealing with every new hacking incident.
Realising this, a German company has just released software called "doo" that can be used online or off to collect, sort and auto-tag every document on your computer.
As Anya Schmidt explains, the software learns as it goes along and becomes more accurate.
"The basis for categorising documents connected to doo lies in our data intelligence. doo's proprietary algorithms not only classify documents by individual document types."
"They also identify people referred to in a document and relate them to local address book details, and also match entries on companies and places."
doo eventually hopes to come as close to a 99.99% success rate as possible, and admits that even a small error in auto-tagging documents can cause a lot of frustration to users.
Secure knowledge
But after weeks of research and talking to industry specialists they all agree - the most secure method to date for storing data in the cloud, away from fires and floods, is to make your own disc image.
You then encrypt it to the same level as US government records, with free tools like Truecrypt.
That secured folder can then be uploaded to somewhere like Dropbox and even if stolen, will appear as gobbledegook to a hacker.
One day a new method will have to be invented, but this is as safe as current technology allows.
There's a lot of advice around the web on how to take you or you company off to a magical place called "The Paperless Kingdom".
It doesn't really exist yet, but we are slowly getting closer with more and more hardware and software dedicated to the task.
Maybe we should be looking for a more realistic destination - "The Land of LESS Paper" perhaps?
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