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and Matternet has
11-08-2018 03:24 AM
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and Matternet has
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SEOUL Nike Air Max 270 Flyknit Black Orange Sale , April 23 (Xinhua) -- South Korea's economic growth stayed below 1 percent for four straight quarters due to the sluggishness in exports and private consumption, boosting worries about a prolonged trend of low growth, central bank data showed Thursday.


Real gross domestic product (GDP) increased 0.8 percent in the first quarter from three months earlier, according to the Bank of Korea (BOK). It was roughly in line with the BOK's growth outlook and market expectations.


The BOK revised down its 2015 growth outlook to 3.1 percent in March from 3.4 percent estimated three months earlier. It was far lower than the government's growth forecast for 2015 at 3.8 percent.


After rebounding to 1.1 percent in the first quarter of 2014, the real GDP growth stayed below 1 percent, with 0.5 percent in the second quarter of 2014 Nike Air Max 270 Flyknit Green Black Sale , 0.8 percent in the third quarter and 0. 3 percent in the fourth quarter.


From a year earlier, the real GDP expanded 2.4 percent in the first quarter, the lowest in two years.


The slow growth came amid the sluggishness in both exports and private consumption, boosting worries that the South Korean economy might fall into the prolonged trend of low growth.


The cheaper oil reduced production costs of companies, lowering living costs for households, but the weakened sentiment among consumers prevented the economy from getting back on the recovery track.


Private consumption rose 0.6 percent in the first quarter from the prior quarter. Growth in facility investment sank from 4 percent in the fourth quarter of 2014 to zero in the first quarter.


Construction investment surged 7.5 percent in the first quarter Nike Air Max 270 Flyknit Men's Blue White Sale , marking the highest growth in about 14 years and turning around from a 7.8 percent reduction in the fourth quarter of last year.


Exports, which account for around half of the economy, were unchanged in the first quarter compared with the prior quarter due to weak demand for locally-made automobiles and display panels.


Import growth slid from 0.7 percent in the fourth quarter of last year to 0.5 percent in the first quarter, indicating the faltering domestic demand.


On the production front, output among manufacturers increased 0. 4 percent on-quarter in the first quarter. Those in the construction sector expanded 2.5 percent, but production in the electricity Nike Air Max 270 Flyknit Brown Silver Sale , tap water and gas declined 3.6 percent. Service industry production rose 0.9 percent.


Gross domestic income (GDI), which gauges all income earned while producing goods and services, advanced 3.6 percent in the first quarter from three months earlier, marking the highest growth in about six years. The figure represents the real purchasing power of final products.


SAN FRANCISCO, April 13 (Xinhua) -- A Silicon Valley firm in the United States is taking advantage of the skies to explore commercial uses of drone technology, hauling goods and products over cities and disaster zones.


Matternet Nike Air Max 270 Flyknit Men's Black White Sale , based in Menlo Park south of San Francisco in California, has developed what it claims to be the world's first commercial drones capable of carrying up to one kilogram of weight and flying for 20 kilometers.


The startup was created in 2011 by Paola Santana and Andreas Raptopoulos, to work on a new mode of transportation that could carry light packages from one point to another, overcoming land obstacles.


"We thought that land transportation was becoming obsolete," Chief Operating Officer Paola Santana told Xinhua, "especially since it takes almost one million dollars to build one kilometer of a road and they need continuous maintenance."


However Nike Air Max 270 Flyknit Black White Starry Sky Sale , Matternet had to wait until public opinion in the United States about these hovering devices turned favorable. In 2011, drones were thought solely as military technology used mostly for attacking or spying, and Santana and Raptopoulos decided to look at drones in a different light.


"We knew that they could be extremely helpful if put to less threatening use, since they can easily reach areas other forms of transportation can't, like rural areas or disaster zones, where trucks and cars can't get to sometimes Nike Air Max 270 Flyknit White Black Sale ," Santana said. Each drone has a small basket that can carry food, documents, medicines or any products that do not exceed the one kilogram weight limit.


To avoid the drone's infamous reputation back in 2011, the team focused on relief work and aid for developing countries, like Haiti and Bhutan, where Matternet helped the World Health Organization establish a delivery net for medicine between 180 clinics located in remote areas.


Thanks to the software developed by the company nike air max 2019 sale , Santana said that using their drones is as easy as downloading an application, or app, and writing the desired location. "The user doesn't have to be computer-savvy because the software calculates the best route according to weather conditions, possible obstacles in the way and if there are any other objects in the air space."


Each drone is completely autonomous and comes with a battery that can last for 20 kilometers, which is enough to supply the goods locally. If the route is longer, battery-changing stations can be set up along the way nike air max 270 mens sale , though they need to be swapped manually. The team is now working on drones that can carry two sets of batteries to help the device fly up to 40 kilometers.


Though major U.S. companies Amazon and Google announced their intention to tackle the drone-delivery system, Santana believed that Matternet is way ahead. "We began working on it four years ago and we have already found solutions to the myriad of problems that can arise when it comes to drone delivery. Plus, we have been able to test the product multiple times thanks to our relief work. "


Matternet ONE, the company's first commercial drone, will be officially released this month and Matternet has already signed contracts with two European logistic and delivery companies to use the

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