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Runner's World: Top RBs take flight when Ravens entertain EaglesFrom left: NDB Deputy Manager IT Security Kalhari Gamage, AVP – IT Amila Withanage, Senior Manager – IT Lasantha Gange, AVP – IT Lasantha Mathupala, CEO Kelum Edirisinghe, CIO/VP – IT Indika Gunawardena, Bureau Veritas Sri Lanka Country GM Shan Nanayakkara, NDB DCEO K.V. Vinoj, Bureau Veritas Sri Lanka Head of Operations – Certification Service Line Randima Ekanayake, Manager Subash De Silva, NDB Head of IT Security Rasika Sampath, Tech Lead – Software Development Viraga Mahesh Hiripitiya NDB Bank has reached an extraordinary milestone by becoming the first commercial bank in Sri Lanka to secure all three globally recognised ISO certifications: ISO 27001:2022 for Information Security, ISO 22301:2019 for Business Continuity Management, and most recently, ISO 20000:2018 for IT Service Management. The attainment of ISO 20000:2018 underscores the bank’s commitment to operational excellence and delivering secure, resilient, and high-quality IT services that meet the evolving needs of customers and stakeholders. NDB’s journey is marked by several firsts in the Sri Lankan banking industry. The bank was the first in the industry to upgrade its ISO 27001 certification to the latest 2022 version for Information Security Management and the first to secure ISO 22301:2019 for Business Continuity Management. These certifications, achieved ahead of regulatory requirements, demonstrate NDB’s commitment to innovation, security, and resilience, in line with the Central Bank of Sri Lanka’s (CBSL) recommendations for enhancing compliance and operational robustness. Speaking on this remarkable accomplishment, NDB Bank CIO and Vice President – IT Indika Gunawardena stated, “Our ISO certifications reflect more than just adherence to international standards; they highlight our relentless commitment to technological innovation, operational resilience, and customer trust. We are dedicated to leveraging the latest technologies to enhance service delivery and set new industry benchmarks.” This milestone comes during a year of extraordinary achievements for NDB Bank. Earlier in 2024, NDB was recognised as the “Technology Resilient Company of the Year 2024” under the local banking category” at the prestigious Digital Trust Awards 2024, organised by ISACA (Information Systems Audit and Control Association), which is a testament to its advanced technological infrastructure and innovation. Additionally, NDB secured recognition at the NBQSA Awards 2024, further solidifying its leadership in digital innovation and service excellence. NDB’s certifications are a testament to the expertise of its skilled teams and robust technology infrastructure. By adhering to internationally recognised standards, NDB reinforces its position as a trusted banking partner for customers and stakeholders alike. The bank’s focus on operational excellence ensures that customers can rely on secure, innovative, and efficient services that meet global benchmarks. As NDB Bank continues to raise the bar in the banking sector, this ISO trio milestone serves as a resounding affirmation of its leadership in driving technological resilience, operational excellence, and customer trust.
Broncos hope to continue playoff push when they meet the banged-up Raiders
AP Trending SummaryBrief at 5:02 p.m. EST(Photo by Kampus Production via Pexels) By Stephen Beech Employees are suffering "techno-strain" as a result of digital systems making it difficult to switch off from work, warns a new study. Staff are experiencing mental and physical issues due to being "hyperconnected" through digital technology, according to the findings. Researchers from the University of Nottingham’s Schools of Psychology and Medicine conducted detailed interviews with employees from a variety of professions. They found that the cognitive and affective effort associated with constant connectivity and high work pace driven by the digital workplace is detrimental to employee well-being. The study is the final part of a research project exploring the "dark side effects" of digital working which include stress, overload, anxiety and fear of missing out. The results, published in the journal Frontiers in Organisational Psychology , highlight an "overarching" theme of "digital workplace technology intensity" as a result of digital workplace job demands. The research team says their findings indicate a "sense of burden" associated with working digitally which surfaced for most participants in perceptions of overload and feelings of being "overwhelmed" by the proliferation of messages, apps and meetings in the digital workplace. They say "fear of missing out" - or FOMO- on important information and contact with colleagues also contributed to stress and strain for digital workers, as did hassles encountered when using digital technologies. (Photo by Tara Winstead via Pexels) Study leader Elizabeth Marsh said: “Digital workplaces benefit both organizations and employees, for example by enabling collaborative and flexible work. "However, what we have found in our research is that there is a potential dark side to digital working, where employees can feel fatigue and strain due to being overburdened by the demands and intensity of the digital work environment. "A sense of pressure to be constantly connected and keeping up with messages can make it hard to psychologically detach from work." Fourteen employees were interviewed in detail and asked about their perceptions and experiences of digital workplace job demands and impacts to their health. Comments from interviewees included: “[It’s] just more difficult to leave it behind when it's all online and you can kind of jump on and do work at any time of the day or night.” Another participant said: “You kind of feel like you have to be there all the time. You have to be a little green light,” while another commented: “It's that pressure to respond [...] I've received an e-mail, I've gotta do this quickly because if not, someone might think “What is she doing from home?” In their analysis, the researchers explored potential underlying psychological, technological and organizational factors that may influence ways in which employees experience digital workplace job demands. The findings showed that participants' dark side experiences were particularly shaped by a pervasive and constant state of connectivity in the digital workplace, termed "hyperconnectivity." Those experiences contributed to a sense of pressure to be available and the erosion of work-life boundaries, according to the research team. (Photo by Thirdman via Pexels) They said the evidence also indicates that "hyperconnectivity" has become the norm among workers post-pandemic. PhD student Marsh said: “The findings underline the need for both researchers and professionals to identify, understand and mitigate the digital workplace job demands to protect the well-being of digital workers.” The research also makes practical suggestions for employers including helping workers improve their digital skills and empowering them to manage boundaries in the digital workplace. The team says their findings could also be used by IT departments to consider how to improve the usability and accessibility of the digital workplace, as well as reining in the proliferation of applications. Dr. Alexa Spence, Professor of Psychology, said: “This research extends the Job Demands-Resources literature by clarifying digital workplace job demands including hyperconnectivity and overload." She added: "It also contributes a novel construct of digital workplace technology intensity which adds new insight on the causes of technostress in the digital workplace. "In doing so, it highlights the potential health impacts, both mental and physical, of digital work.”
Iron Is Still The King Of Metals When discussing manufacturing innovation, the attention tends to be concentrated on high tech ( robotics , 3D printing ) or on rare metals and materials, like tungsten , titanium , rhodium , etc. (follow the links for detailed investment reports for each). In the end, while important, these advancements do not change the fact that the bulk of the materials we use are much simpler—and no metal is as essential to modern life as iron. Iron and steel are key materials required in massive quantities for infrastructure (bridges, reinforced concrete, etc.), logistics and transportation (cars, railroads, trains, harbors, ships), and countless industrial uses (pipes, storage tanks, furnaces, etc.). Iron oxides can come from minerals like hematite, limonite, magnetite, pyrite, goethite, and more, and approximately 90% of all metal that is refined nowadays is iron. Source: FTM Machinery Luckily, iron is very abundant on Earth (5% of the Earth's crust by weight) and in the universe at large. However, turning it into a usable form can be a very energy-intensive and time-consuming process. So it is big news that Chinese researchers have announced that they found a method to boost a central step in iron making, with productivity up 3,600 fold . How Is Iron Made? Pure iron is produced from iron-rich ore, which is turned into purer metal through the process of smelting. From the primitive, low-temperature smelter of Antiquity, more advanced furnaces were developed in the Middle Ages and in modern times to produce iron more efficiently at temperatures as high as 1,400° to 1,500° C (2,550° to 2,700° F). This hot, purified iron is often directly sent to the steel plant for steel production, reducing heat loss. Even with modern methods, iron smelting in blast furnaces is a long process, which takes 5-6 hours. This makes it very energy-consuming, with the high temperature needed to be maintained throughout the entire process, usually done with coal or natural gas. This also makes iron and steel production a large consumer of fossil fuels and an equally large emitter of greenhouse gases. Iron and steel production are responsible for as much as 7% of total CO2 emissions , more than the entire EU emissions. Today, most of the global steel production is located in China, which produces more than 55% of the world’s total steel production, followed by India (7% of total steel production). Source: GMK Center Both China and India mostly use coal to produce iron and steel, making their production processes particularly large emitters of CO2. Hydrogen To Replace Coal? In order to replace coal, green steel manufacturing methods have been proposed, with the best candidate being using hydrogen instead of coal to reach the required high temperatures. The problem is that so far, only very high-quality iron ore can be used with hydrogen. Cheaper ore with lower iron content would be required to compensate for the higher costs of hydrogen compared to coal. This is true, at least in blast furnaces, but a new process, called flash iron smelting, could be different. Flash Iron The process was described by Chinese researcher Professor Zhang Wenhai and his team in a paper published in the peer-reviewed journal Nonferrous Metals. It claims to complete the iron-making process in just three to six seconds, compared to the five to six hours required by traditional blast furnaces. The key idea is that instead of using small pellets of iron ore, it grinds it into a dust of very small particles. This allows for the reaction turning iron ore into pure iron to be near instantaneous, more akin to an explosion than a slow melting of the ore. This results in a flash oxidation of the particle in a few seconds. Source: MDPI Iron Vortex Lance Reducing the iron ore into fine particles is not a very difficult step or complex technology. What is a lot more tricky is injecting it into the smelter safely and efficiently. To solve this issue, Pr. Zhang's team has developed a vortex lance that can inject 450 tonnes of iron ore particles per hour. A reactor equipped with three such lances produces 7.11 million tonnes of iron annually. More importantly, this technology is not just a laboratory experiment but is already entering commercial production. This has not been an overnight success, but the result of long-term efforts started in 2013 when Zhang's team obtained a patent for a flash smelting technology capable of directly producing liquid iron. It took ten years to refine the method and scale it up to a pilot plant, demonstrating that safe, large-scale production was possible. Source: News.com.au It should also be noted that Professor Zhang has experience in changing metallurgical science. He revolutionized copper production with a similar flash smelting technique he applied to copper in the 1970s. He was handed the first prize of the National Science and Technology Progress Award in 2000 and elected to the Chinese Academy of Engineering in 2003. China's Strategic Goals Carbon Emissions As China is the global leader in steel making, the over-reliance of this process on coal has hindered the country’s ambitions to reduce carbon emissions. It also makes its industry highly reliant on imported coal, especially from Australia. So, China has a strong incentive to develop alternative methods and deploy them quickly, especially if it allows the use of hydrogen instead. Combined with its role as a leader in green energy production, China is in a good place to become the leader in green steel production. Reshaping Global Iron Markets? Another thing that makes this method unique is that it works very well for low or medium-yield ores. This could completely reshape the global iron markets. Currently, high-quality, iron-rich ore from Australia is the primary supply of iron to Chinese smelters and steel plants. Source: S&P Global If flash iron smelting with hydrogen is used to replace coal-powered blast furnaces, the domestic supply of lower-quality iron ore could be used instead. The relationship between China and Australia has steadily degraded in the past decade , despite China's dependence on Australian iron. For example, in the 2020 trade war with Australia, iron was excluded from sanctions due to the country's high dependence on it. So, solving this vulnerability could be seen as a strategic imperative by China, regardless of the economic calculus. Iron Mining Company Vale Vale S.A. ( VALE +1.21% ) A decrease in iron smelting costs and carbon emissions could make steel an even more popular material than it is today. When it comes to mining, scale and good geology are everything, with low production costs allowing for higher profits and safety during downturns, which are inevitable in commodity markets. The Brazilian company Vale is the largest producer of iron and nickel in the world, with a total of 323-330 million tons produced in 2024 . The company is also a producer of metals relevant to the “energy transitions,” like copper. While these metals might be important for the future, for now, iron is the core of the company. The company used to be more diversified but re-centered around iron in recent years, having divested $2B worth of various other metal mines and other commodities like palm oil. Source: Vale Large Asset Base Vale qualifies as a medium-sized utility company, operating its own railroad, trains, harbors, and ships to transport ore from extraction to delivery to customers. It also produces a lot of its own energy, as it operates in remote regions and cannot depend on the Brazilian government to do its job properly, especially considering its massive power requirements. This was commonly done with hydropower, as the business of mining is not so different from hydropower construction (earthworks, digging rock with explosives, massive amounts of concrete, heavy machinery, mega construction projects, managing rain, etc.). These infrastructures are complemented by the company’s R&D center, laboratories, hundreds of geologists, training centers, etc. Getting Over Past Liabilities One big risk with a massive mining company like Vale is a massive accident causing massive damage. This is what happened in 2015, with a massive disaster that occurred after a Vale-built dam collapsed. And then a similar incident in 2019. The flooding caused Brazil’s worst environmental disaster to date, killed 19 people, and affected 39 municipalities across two states, burying them in mining waste products . Since then, a lot of similar dams have been repaired and/or improved to avoid another catastrophe during the rainy season. The company has also changed how it operates, having invested $2.5B in four filtration plants to create dry tailing (the crushed rock, dust, and mud) instead of wet tailing requiring dams. So in the future, iron mining activity will no longer create the sort of waste that requires dams at all. The company is also actively repairing its image, insisting on how its mining activity, combined with a large natural reserve financed by the company, is a major contributor in preserving the Brazilian rainforest, others turned into pasturelands in the region. Source: Vale Overall, Vale is now getting over its past trouble with ecological disasters and turning into one of Brazil's most valuable assets and a central supplier of iron to the world, and China in particular, a country with whom Brazil is forging deeper ties through the BRICS commercial network.NoneIndustry not consulted on Alberta's plan to challenge federal emissions cap
A federal appeals court panel on Friday unanimously upheld a law that could lead to a ban on TikTok in a few short months, handing a resounding defeat to the popular social media platform as it fights for its survival in the U.S. The U.S. Court of Appeals for the District of Columbia Circuit denied TikTok's petition to overturn the law — which requires TikTok to break ties with its China-based parent company ByteDance or be banned by mid-January — and rebuffed the company's challenge of the statute, which it argued had ran afoul of the First Amendment. “The First Amendment exists to protect free speech in the United States,” said the court's opinion, which was written by Judge Douglas Ginsburg. “Here the Government acted solely to protect that freedom from a foreign adversary nation and to limit that adversary’s ability to gather data on people in the United States.” TikTok and ByteDance — another plaintiff in the lawsuit — are expected to appeal to the Supreme Court, though its unclear whether the court will take up the case. “The Supreme Court has an established historical record of protecting Americans’ right to free speech, and we expect they will do just that on this important constitutional issue," TikTok spokesperson Michael Hughes said in a statement. “Unfortunately, the TikTok ban was conceived and pushed through based upon inaccurate, flawed and hypothetical information, resulting in outright censorship of the American people,” Hughes said. Unless stopped, he argued the statute “will silence the voices of over 170 million Americans here in the US and around the world on January 19th, 2025.” Though the case is squarely in the court system, its also possible the two companies might be thrown some sort of a lifeline by President-elect Donald Trump, who tried to ban TikTok during his first term but said during the presidential campaign that he is now against such action . The law, signed by President Joe Biden in April, was the culmination of a years-long saga in Washington over the short-form video-sharing app, which the government sees as a national security threat due to its connections to China. “Today’s decision is an important step in blocking the Chinese government from weaponizing TikTok to collect sensitive information about millions of Americans, to covertly manipulate the content delivered to American audiences, and to undermine our national security,” Attorney General Merrick Garland said in a statement Friday. The U.S. has said it’s concerned about TikTok collecting vast swaths of user data, including sensitive information on viewing habits , that could fall into the hands of the Chinese government through coercion. Officials have also warned the proprietary algorithm that fuels what users see on the app is vulnerable to manipulation by Chinese authorities, who can use it to shape content on the platform in a way that’s difficult to detect — a concern mirrored by the European Union on Friday as it scrutinizes the video-sharing app’s role in the Romanian elections. TikTok, which sued the government over the law in May, has long denied it could be used by Beijing to spy on or manipulate Americans. Its attorneys have accurately pointed out that the U.S. hasn’t provided evidence to show that the company handed over user data to the Chinese government, or manipulated content for Beijing’s benefit in the U.S. They have also argued the law is predicated on future risks, which the Department of Justice has emphasized pointing in part to unspecified action it claims the two companies have taken in the past due to demands from the Chinese government. Friday’s ruling came after the appeals court panel, composed of two Republican and one Democrat appointed judges, heard oral arguments in September. In the hearing, which lasted more than two hours, the panel appeared to grapple with how TikTok’s foreign ownership affects its rights under the Constitution and how far the government could go to curtail potential influence from abroad on a foreign-owned platform. On Friday, all three of them denied TikTok’s petition. In the court's ruling, Ginsburg, a Republican appointee, rejected TikTok's main legal arguments against the law, including that the statute was an unlawful bill of attainder or a taking of property in violation of the Fifth Amendment. He also said the law did not violate the First Amendment because the government is not looking to "suppress content or require a certain mix of content” on TikTok. “Content on the platform could in principle remain unchanged after divestiture, and people in the United States would remain free to read and share as much PRC propaganda (or any other content) as they desire on TikTok or any other platform of their choosing,” Ginsburg wrote, using the abbreviation for the People’s Republic of China. Judge Sri Srinivasan, the chief judge on the court, issued a concurring opinion. TikTok’s lawsuit was consolidated with a second legal challenge brought by several content creators - for which the company is covering legal costs - as well as a third one filed on behalf of conservative creators who work with a nonprofit called BASED Politics Inc. Other organizations, including the Knight First Amendment Institute, had also filed amicus briefs supporting TikTok. “This is a deeply misguided ruling that reads important First Amendment precedents too narrowly and gives the government sweeping power to restrict Americans’ access to information, ideas, and media from abroad,” said Jameel Jaffer, the executive director of the organization. “We hope that the appeals court’s ruling won’t be the last word.” Meanwhile, on Capitol Hill, lawmakers who had pushed for the legislation celebrated the court's ruling. "I am optimistic that President Trump will facilitate an American takeover of TikTok to allow its continued use in the United States and I look forward to welcoming the app in America under new ownership,” said Republican Rep. John Moolenaar of Michigan, chairman of the House Select Committee on China. Democratic Rep. Raja Krishnamoorthi, who co-authored the law, said “it's time for ByteDance to accept” the law. To assuage concerns about the company’s owners, TikTok says it has invested more than $2 billion to bolster protections around U.S. user data. The company has also argued the government’s broader concerns could have been resolved in a draft agreement it provided the Biden administration more than two years ago during talks between the two sides. It has blamed the government for walking away from further negotiations on the agreement, which the Justice Department argues is insufficient. Attorneys for the two companies have claimed it’s impossible to divest the platform commercially and technologically. They also say any sale of TikTok without the coveted algorithm - the platform’s secret sauce that Chinese authorities would likely block under any divesture plan - would turn the U.S. version of TikTok into an island disconnected from other global content. Still, some investors, including Trump’s former Treasury Secretary Steven Mnuchin and billionaire Frank McCourt, have expressed interest in purchasing the platform. Both men said earlier this year that they were launching a consortium to purchase TikTok’s U.S. business. This week, a spokesperson for McCourt’s Project Liberty initiative, which aims to protect online privacy, said unnamed participants in their bid have made informal commitments of more than $20 billion in capital.NEW YORK (AP) — U.S. stocks rose to records after data suggested the job market remains solid enough to keep the economy going, but not so strong that it raises immediate worries about inflation. The S&P 500 climbed 0.2%, just enough top the all-time high set on Wednesday, as it closed a third straight winning week in what looks to be one of its best years since the 2000 dot-com bust. The Dow Jones Industrial Average dipped 0.3%, while the Nasdaq composite climbed 0.8% to set its own record. Treasury yields eased after the jobs report showed stronger hiring than expected but also an uptick in the unemployment rate. THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. NEW YORK (AP) — U.S. stocks are drifting around their records Friday after data suggested the to keep the economy going, but not so strong that it raises immediate worries about . The S&P 500 rose 0.2% and was just above its all-time high set on Wednesday. It’s rolling toward the close of a third straight winning week in what’s likely to be since the 2000 dot-com bust. The Dow Jones Industrial Average was down 108 points, or 0.2%, as of 1:51 p.m. Eastern time, and the Nasdaq composite climbed 0.7%. Stocks held relatively steady as the latest jobs report strengthened expectations among traders that the Federal Reserve will at its next meeting in two weeks. While the report showed U.S. employers hired more workers than expected last month, it also said the unemployment rate unexpectedly ticked up to 4.2% from 4.1%. “This print doesn’t kill the holiday spirit and the Fed remains on track to deliver a cut in December,” according to Lindsay Rosner, head of multi-sector investing within Goldman Sachs Asset Management. The Fed from a two-decade high in September to offer more help for the slowing job market, after bringing inflation nearly all the way down to its 2% target. Lower interest rates can ease the brakes off the economy, but they can also offer more fuel for inflation. Expectations for a series of cuts from the Fed have been a major reason the S&P 500 has set so far this year. And the Fed is part of a global surge: 62 central banks have lowered rates in the past three months, the most since 2020, according to Michael Hartnett and other strategists at Bank of America. Still, the jobs report may have included some notes of caution for Fed officials underneath the surface. Scott Wren, senior global market strategist at Wells Fargo Investment Institute, pointed to average wages for workers last month, which were a touch stronger than economists expected. While that’s good news for workers who would always like to make more, it could also keep upward pressure on inflation. “This report tells the Fed that they still need to be careful as sticky housing/shelter/wage data shows that it won’t be easy to engineer meaningfully lower inflation from here in the nearer term,” Wren said. So, while traders are betting on a nearly 90% probability the Fed will ease its main rate in two weeks, they’re much less certain about how many more cuts it will deliver next year, according to data from CME Group. For now, the hope is that the job market can help U.S. shoppers continue to spend and keep the that had earlier seemed after the Fed began hiking interest rates swiftly to crush inflation. Several retailers offered encouragement after delivering better-than-expected results for the latest quarter. Ulta Beauty rallied 10.4% after topping expectations for both profit and revenue. The opening of new stores helped it boost its revenue, and it raised the bottom end of its forecasted range for sales over this full year. Lululemon stretched 17.9% higher following its own profit report. It said stronger sales outside the United States helped it in particular, and its earnings topped analysts’ expectations. Retailers overall have been offering mixed signals on how resilient U.S. shoppers can remain amid the slowing job market and still-high prices. gave a dour forecast for the holiday shopping season, for example, while gave a much more encouraging outlook. A report on Friday suggested sentiment among U.S. consumers may be improving more than economists expected. The preliminary reading from the University of Michigan's survey hit its highest level in seven months. The survey found a surge in buying for some products as consumers tried to get ahead of possible increases in price due to that President-elect Donald Trump has threatened. In tech, Hewlett Packard Enterprise jumped 10.8% for one of the S&P 500's larger gains after reporting stronger profit and revenue than expected. Tech stocks broadly were one of the main reasons the S&P 500 climbed this past week, as Salesforce and other big companies talked up how much of a boost they’re getting from the boom. In the bond market, the yield on the 10-year Treasury yield slipped to 4.16% from 4.18% late Thursday. In stock markets abroad, France’s CAC 40 rose 1.3% after French President Emmanuel Macron plans to stay in office until the end of his term and to name a new prime minister within days. Earlier this week, far-right and left-wing lawmakers approved a due to budget disputes, forcing Prime Minister Michel Barnier and his cabinet to resign. In Asia, stock indexes were mixed. They rallied 1.6% in Hong Kong and 1% in Shanghai ahead of an annual economic policy meeting scheduled for next week. South Korea’s Kospi dropped 0.6% as South Korea’s ruling party chief for suspending the constitutional powers of President Yoon Suk Yeol after he declared martial law and then revoked that earlier this week. Yoon is facing calls to resign and may be impeached. Bitcoin was sitting a little above $101,000 after $103,000 to a record the day before. ___ AP Writers Matt Ott and Zimo Zhong contributed. Stan Choe, The Associated Press
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