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CNN —France is still facing travel disruption a day after saboteurs targeted high-speed railway lines in an attack coinciding with the start of the Olympics. They recovered an “amount of evidence” following the operation, Darmanin told CNN affiliate France 2. Authorities should not rule out industrial espionage, Persson told CNN on Friday, saying that a railway staffer, or someone who built the tracks including construction workers, could also be to blame. Railway staff and police work to repair one of several sites where vandals targeted France's high-speed train network, in the northern villege of Croisilles, on Friday. CNN has previously reported on a host of suspected Russian attacks across Europe.

Persons: Gabriel Attal, Gerald Darmanin, Darmanin, Axel Persson, Persson, ”, Jean, Pierre Farandou, “ don’t, Brian Snyder, Emmanuel Macron, Dmitry Peskov, Dale Buckner Organizations: CNN —, French, CNN, France, Olympic, CGT, Employees, SNCF, Environmental, Railway, Police, Kremlin, Games, Global Guardian, CNN France Locations: CNN — France, French, France, Kyiv, Ukraine, Russia, Russian, Paris, Europe

☆ Worried about Nvidia? This stock offers clues about when AI will go mainstream, Scotiabank says
▼ + stars: | 2024-07-03 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

NVDA 1Y line Large cloud computing firms, such as Microsoft , Amazon and Google , have bought billions of dollars worth of AI chips from Nvidia over the past two years. Investors now want to know whether these Big Tech giants will be able to make a return on their investment — a precursor for further spending on AI chips. However, "tentative" signs have started to emerge that spending on AI chips may be spurring investment in the broader economy, Capital Economics said. CGI Inc For clues as to how quickly AI technologies are being adopted, Scotiabank highlighted CGI , a Canadian multinational IT firm that helps companies introduce AI into their business models and operations. The Scotiabank analyst believes that as large companies prepare to start AI spending, CGI is set to benefit and capture any future growth.

Persons: Shant, Neil Shearing, Shearing, Divya Goyal, Goyal, GIB Organizations: Nvidia, Microsoft, Google, Investors, Big Tech, Jennison Associates, Capital Economics, Economics, Scotiabank Locations: Britain, U.S, Canadian, Canada, New York

☆ Runaway train in India travels more than 40 miles without driver
▼ + stars: | 2024-02-26 | by ( Aishwarya S. Iyer | Manveena Suri | ) edition.cnn.com time to read: +2 min

New Delhi CNN —A runaway freight train in northern India traveled nearly 45 miles without a driver on Sunday, reaching speeds of up to 46 miles per hour, before it was brought to a stop, according to railway officials. No one was injured by the runaway train and it was eventually stopped using emergency brakes and by placing stones on the track, preventing a major accident. In April 2018, a runaway train carrying up to 1,000 passengers rolled for several miles before being brought to an emergency stop. None of the estimated 1,000 passengers was injured in the incident and the train reached its final destination two hours behind schedule. Today, it runs about 11,000 trains every day over 67,000 miles of tracks in the world’s most populous nation.

Persons: New Delhi CNN —, Prateek Srivastava, “, ”, Srivastava Organizations: New, New Delhi CNN, Ministry of Railways, CNN Locations: New Delhi, India, Kathua, Jammu, Kashmir, Hoshiarpur district, Punjab, Gujarat, Odisha

☆ HP, Dell and Lenovo among 27 firms granted approval to manufacture tech hardware in India under incentive scheme
▼ + stars: | 2023-11-21 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Chinas Realme closing in on market leaders Xiaomi, Samsung, yet hurdles loom in treacherous market where many stumbled. Under the PLI Scheme 2.0 for IT hardware, which was approved by the government in May, India will provide companies incentives for goods manufactured in the country. The Indian IT hardware market is expected to grow to $22.77 billion in 2027 from $15.52 billion in 2022. "The IT Hardware manufacturing sector faces the lack of a level playing field vis-à-vis competing nations ... There is need for a mechanism to compensate for the manufacturing disabilities vis-à-vis other major manufacturing economies," according to the ministry.

Persons: Chinas, Anindito Mukerjee, Vaishnaw Organizations: Xiaomi, Samsung, Bloomberg, Getty Images, Dell, HP, Lenovo, Asus, Ministry of Electronics, of Railways, Communications, Electronics Locations: Greater Noida, India, Indian

☆ Travel news: Escape the crowds at these affordable alternatives to hot spots
▼ + stars: | 2023-11-11 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +4 min

Get the latest news in aviation, food and drink, where to stay and other travel developments. They’re all shooting up Expedia’s search rankings, too, which means you might want to get there before everybody else does. Making tracksIndonesia launched Southeast Asia’s first bullet train last month, a $7.3 billion train line that connects two of its largest cities, Jakarta and Bandung. And in Austria, state railway ÖBB has unveiled a 33-strong fleet of night trains that will debut next month. England was the birthplace of railways, back in 1825, but almost 200 years later, the country’s train industry is in turmoil.

Persons: Expedia, Martin, Copenhagen’s Noma, Le Gavroche, Julie Balzano, ”, Rodney Hodgins, CNN Tom Stuker, Here’s Organizations: CNN, Michelin, Nashville, Passengers, Air Canada, Geographic Locations: Paros, Greece, Perth, Australia, Liverpool, Palermo, Sicily, Lisbon, Quebec City, Canada, Geneva, Switzerland, Memphis , Tennessee, Pattaya, Thailand, Bangkok, Taipei, Taiwan, Seoul, South Korea, Sapporo, Japan, Zermatt, Long, Miami, Colombia, Las Vegas, Indonesia, Southeast, Jakarta, Bandung, Austria, Britain, England, Korea

☆ IMF chief says new Biden-backed economic corridor should not exclude any countries
▼ + stars: | 2023-09-10 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

A more fragmented global economy though, has limited global trade growth — which now lags global economic growth. "What is important is to do it for the benefit of everybody, and not for exclusion of others," she said. "In that sense, I would encourage all countries working collaboratively with each other to do so in the spirit of integrated economy." Virtuous cycleIn reality, this Biden-backed economic corridor would add to existing infrastructure investment for the regions involved. "And I call on our members to strengthen the global financial safety net," Georgieva separately said Sunday in a press release, released shortly after the G20 summit formally ended.

Persons: Narendra Modi, Kristalina, Evan Vucci, The, Kristalina Georgieva, Joe Biden's, Georgieva, CNBC's Martin Soong, Biden, Modi Organizations: India's, Monetary Fund, Bharat, Afp, Getty, The Biden, International Monetary Fund's, Indian, European Union and, United Arab Emirates, Biden, CNBC, IMF Locations: New Delhi, India, Israel, Jordan, Saudi Arabia, U.S, Covid, Ukraine, Delhi

☆ Will AI be an economic blessing or curse? History offers clues
▼ + stars: | 2023-08-07 | by ( Mark John | ) www.reuters.com time to read: +6 min

Backers of AI predict a productivity leap that will generate wealth and improve living standards. The productivity gains it was once lauded for have slowed across many economies. In a globalised economy, there are other reasons to doubt whether the potential gains of AI will be felt evenly. That is just one of several factors that will help determine how AI shapes our economic lives - from antitrust policies that ensure healthy competition among AI suppliers through to re-training of workforces. "The question is: will AI exacerbate existing inequalities or could it actually help us get back to something much fairer?"

Persons: Richard Erkhov, Yiannis, Simon Johnson, Johnson, Daron Acemoglu, jenny, Natixis, Stefano Scarpetta, MIT's Johnson, Mary Towers, Eva Mathews, Mark John, Catherine Evans Organizations: REUTERS, MIT Sloan School of Management, McKinsey, Hollywood, Reuters, Labour, Social Affairs, Economic Cooperation, Development, UN, POWER, Britain's Trades Union, OECD, Thomson Locations: Pascal, Nicosia, Cyprus, U.S, American, Paris, Bengaluru

CNN —Indian authorities have arrested three railway officials as part of an investigation into one of the deadliest train crashes in the country’s history. The Central Bureau of Investigation (CBI) said in a statement that they had arrested three Department of Railways officials on Friday. The move follows the deaths of at least 275 people in a three-way crash involving two passenger trains and a freight train in eastern Odisha state on June 2. The railways minister Ashwini Vaishnaw has previously said the accident had occurred “due to a change in electronic interlocking” and that an investigation would show “who was responsible” for that. According to senior railway officials, the crash took place when the Coromandel Express, a high-speed train traveling from Kolkata to Chennai, was diverted onto a loop line and slammed into a heavy goods train idled at Bahanaga Bazar railway station.

Persons: ”, Narenda Modi, Ashwini Vaishnaw, Jaya Varma Sinha, Naveen Patnaik, Modi, Modi’s Organizations: CNN, Central Bureau of Investigation, of Railways, Indian, Howrah Locations: Odisha, Kolkata, Chennai, Bahanaga Bazar, Bangalore

Rescue workers gather around damaged carriages during search for survivors at the accident site on Saturday. With the rail routes still blocked, family members of deceased passengers are having to find their way by other means to the crash site, to help identify the dead. India’s extensive rail network, one of the largest in the world, was built more than 160 years ago under British colonial rule. Decaying infrastructure is often cited as a cause for traffic delays and numerous train accidents in India. An ambitious National Rail Plan, announced in 2021, envisages that all major cities in north, west and south India should be connected by high-speed rail.

Persons: –, Ashwini Vaishnaw, ”, Dibyangshu Sarkar, Jaya Varma Sinha, ” Sinha, Mansukh Mandaviya, Mandaviya, Naveen Patnaik, Patnaik, “, Narenda Modi, Narendra Modi, Volodymyr Zelensky, Vladimir Putin, Joe Biden, Rishi Sunak, Fumio Kishida, Antonio Guterres, Pope Francis, Modi, Modi’s, Albright Organizations: Hong Kong CNN, Howrah, Bangalore . Rescue, Getty, Jaya, India’s Health, Sunday, Odisha’s, Public Relations Department, Indian, Rapid, Force, British, United Nations, National Crime Records, Group, Rail Plan, Bharat Locations: New Delhi, London, Hong Kong, Balasore, Odisha, Indian, Kolkata, Chennai, Bazar, Bangalore, AFP, Tamil Nadu, Russian, India, Jammu, Kashmir

More than 280 people were killed and over 1,100 injured in a three-way crash involving two passenger trains and a freight train in eastern Odisha state on Friday, officials said. BJP4India/TwitterThe cause of Friday’s crash remains unclear, but senior state railway officials told CNN that it is suspected to have been caused by a traffic signaling failure. Video footage and photographs from the crash site near Bahanaga Bazar rail station showed scenes of chaos and despair. An official overseas rescue efforts at the site of the train crash in Balasore. An aerial view of the derailed coaches in Balasore.

Persons: Narendra Modi, Modi, Ashwini Vaishnaw, ” Modi, “, “ It’s, Sudhanshu Sarangi, “ We’ve, Piyal Adhikary, Anshuman Purohit, ” Rohit Raj, Dibyangshu Sarkar, ”, Narendra Singh Bundela, ” Bundela, Stringer, Rafiq Maqbool, AP Modi, Shehbaz Sharif, Rishi Sunak, Ursula von der Leyen, Fumio Kishida Organizations: India CNN — Indian, Bharat, CNN, Chennai Coromandel, Passengers, NDTV, Getty, Response Force, Reuters, National Crime Records, Western, AP, Force, Rapid Action Force, Soro Block, “, British, EU, Japan’s Locations: Bhubaneswar, India, Odisha, Balasore, Shalimar, Chennai, Yesvantpur, Howrah, Bahanaga Bazar, AFP, Andhra Pradesh, Uttar Pradesh, New Delhi, Mumbai, country’s Jammu, Kashmir, Soro

June 3 (Reuters) - At least 233 people were killed and 900 were injured when two passenger trains collided in India's Odisha state, a government official said on Saturday, making the rail accident the country's deadliest in more than a decade. The death toll from Friday's crash is expected to rise, the state's Chief Secretary Pradeep Jena said on Twitter. Early on Saturday morning, Reuters video footage showed police officials moving bodies covered in white cloths off the railway tracks. [1/5] A drone view shows derailed coaches after two passenger trains collided in Balasore district in the eastern state of Odisha, India, June 3, 2023. Although Chief Secretary Jena and some media reports have suggested a freight train was also involved in the crash, railway authorities have yet to comment on that possibility.

Persons: Pradeep Jena, sobbed, Naveen Patnaik, Abinaya Vijayaraghavan, Akriti Sharma, Jatindra, Subrata Nag Choudhury, Edwina Gibbs Organizations: Twitter, Reuters, REUTERS, Stringer Authorities, Ministry of Railways, Jena, Force, Indian Railways, Thomson Locations: India's Odisha, Balasore, Howrah, Bangalore, Howrah , West Bengal, Kolkata, Chennai, Balasore district, Odisha, India, Odisha's, Bengaluru, Bhubaneswar

☆ More Than 200 Dead and 900 Injured in Train Crash in India
▼ + stars: | 2023-06-02 | by ( Dan Bilefsky | ) www.nytimes.com time to read: 1 min

Video footage of the scene of the crash showed stunned onlookers, and Indian news reports said more than 50 ambulances had arrived to the area, along with teams of doctors to tend to the injured. Ashok Samal, a shopkeeper, told The Hindustan Times that he was ending his day near the railway track in his village of Bahanaga on Friday when he heard a deafening noise, ran to the track on the main line between Kolkata and Chennai, and saw a pile of mangled train cars. “There were loud shrieks and blood all over,” he told the newspaper, adding that he saw people trapped under coaches and people wailing for help. Ashwini Vaishnaw, the minister of railways, said on Twitter that the National Disaster Response Force had been mobilized, along with rescue workers from the air force. Dozens of trains were canceled.

Persons: Ashok Samal, ”, Ashwini Vaishnaw Organizations: Hindustan Times, Twitter, Force Locations: Bahanaga, Kolkata, Chennai

☆ India constructs world's highest railway bridge above Chenab River in Jammu and Kashmir region
▼ + stars: | 2023-05-02 | by ( Tara Subramaniam | ) edition.cnn.com time to read: +5 min

CNN —India is now home to the world’s tallest railway bridge. Some 35 meters (over 10 feet) taller than the Eiffel Tower, the Chenab Bridge sits 359 meters (around 109 feet) above the Chenab River in India’s contentious Jammu and Kashmir region. The 1,315 meter-long (4,314 feet) bridge is part of a broader project to make the Kashmir Valley accessible by the Indian Railway network. In addition to the Chenab Bridge, the Udhampur-Srinagar-Baramulla Rail Link (USBRL) project involves what will become the country’s longest transportation tunnel and Indian Railways’ first cable bridge. “Once we will be connected by train with the rest of India, it will be a big boost to this industry, agriculture as well as fruit.”The Chenab bridge is part of efforts to link Kashmir with the rest of India.

☆ There's going to be a lot of innovation in chip manufacturing, Indian minister says
▼ + stars: | 2023-03-03 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's going to be a lot of innovation in chip manufacturing, Indian minister saysAshwini Vaishnaw, India's minister of railways, communications and electronics and information technology, discusses the innovations he expects to see in two to three years.

Suspected sabotage on the German rail network and on the Baltic Sea gas pipelines linking Germany and Russia in recent weeks have raised concerns about the country's exposure to attacks. "We have strengthened the police's work at sea," Faeser said. "Police are patrolling at sea with all their available forces and ships to also protect maritime infrastructure." Now the ministry wants to make some requirements legally binding and will present key points for a new law this year, ahead of schedule, Faeser said. Germany is also rushing to improve its preparedness for catastrophes, both manmade and natural, Faeser said, a task the country has long neglected.

☆ China, Nepal agree on building a trans-Himalayan network
▼ + stars: | 2022-08-11 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Aug 11 (Reuters) - China and Nepal have agreed to build the so-called Trans-Himalayan Multi-Dimensional Connectivity Network, the Chinese foreign ministry said, following a meeting between the foreign ministers of the two countries. As part of the agreement, Foreign Minister Wang Yi said China would finance the feasibility study of a China-Nepal cross-border railway and send experts to Nepal to conduct surveys this year, Wang Wenbin, spokesperson at the foreign ministry, told a regular media briefing in Beijing on Thursday. The network, under China's Belt and Road initiative, will involve the building of railways and communication networks. During a landmark visit by President Xi Jinping to Nepal in 2019, China and Nepal elevated their relationship to a "strategic partnership". Reporting by Martin Quin Pollard; writing by Ryan Woo; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

☆ Mexican president expropriates land for construction of Mayan Train
▼ + stars: | 2022-08-01 | by ( ) www.reuters.com time to read: +1 min

MEXICO CITY, Aug 1 (Reuters) - Mexican President Andres Manuel Lopez Obrador expropriated 1.09 million square meters (269 acres) for the construction of the Yucatan peninsula's planned Mayan Train railway, according to the official gazette published Monday. The 1,500 km (930 mile) line is already under construction, with the aim of linking tourist zones. Lopez Obrador deemed it a matter of national security at the end of July as several pending legal injunctions clouded its future. Monday's announcement said the Ministry of Agrarian, Territorial and Urban Development would compensate land owners in line with appraisals from the Institute of Administration and Appraisals of National Assets. Lopez Obrador also strengthened control of the construction operation by transferring Grupo Mexico's building contract to the defense secretary.

Persons: Andres Manuel Lopez, Lopez Obrador, Valentine Hilaire, Bradley Perrett Organizations: MEXICO CITY, Ministry of Agrarian, Territorial, Urban, Institute of Administration, Assets, Grupo Mexico's, Thomson Locations: MEXICO, Yucatan

☆ Ghana to sign $3.2 billion railway project deal with Thelo DB consortium
▼ + stars: | 2022-07-19 | by ( ) www.reuters.com time to read: +1 min

ACCRA, July 19 (Reuters) - Ghana's government will sign an agreement next week with Thelo DB consortium for a $3.2 billion project to develop and make operational its Western Railway Line, the company said in a statement on Tuesday. Thelo DB is a South African railway entity incorporated between Thelo Ventures, an African industrial company, and Germany's Deutsche Bahn Engineering & Consulting (DB). The Thelo DB consortium also includes Ghanaian partner Transtech Consult. Transportation of cement, mining equipment and petroleum will also benefit from construction of the rail line, the ministry added. "The Western Railway Line Project will transform Ghana's existing railway infrastructure base into a modern, robust and integrated railway system," Thelo DB said in its statement.

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