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Porsche stops making diesel cars after VW emissions scandal

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The German carmaker Porsche says it will stop making diesel cars, and concentrate on petrol, electric and hybrid engines instead.

It follows a 2015 scandal in which its parent company, Volkswagen, admitted it had cheated emissions tests for diesel engines.

Diesel cars over a certain age have been banned in parts of some German cities in a bid to cut pollution.

The Porsche chief executive said the company was “not demonising diesel”.

“It is and will remain an important propulsion technology,” Oliver Blume said.

“We as a sports car manufacturer, however, for whom diesel has always played a secondary role, have come to the conclusion that we would like our future to be diesel-free.

“Petrol engines are well suited for sporty driving.”

Existing diesel car customers would continue to be served, he said.

Porsche did not build its own diesel engines, preferring to use Audi ones.

“Nevertheless, Porsche’s image has suffered, Mr Blume said.

“The diesel crisis caused us a lot of trouble.”

A German public prosecutor fined Volkswagen €1bn (£900m) earlier this year, after finding the company had sold more than 10 million cars with emissions-test cheating software installed, between 2007 and 2015.

The company had already set aside $30bn (£23bn) to settle fines, compensation and buying back cars in the US.

Porsche is understood to be developing a fully-electric luxury car, with a multi-billion euro investment.

The first car ever designed by its founder, in 1898, was electric. It was rediscovered in a garage a few years ago.

The company’s first diesel car was sold just 10 years ago.

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Business

Crypto Trader Boss Dies With Password To Clients’ £110m

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Canada’s leading cryptocurrency exchange company has said it cannot repay $190m (£110m) to clients because its founder died with their passwords.


QuadrigaCX’s founder Gerald Cotten, 30, died “due to complications with Crohn’s disease” while travelling in India to open an orphanage in December, his wife Jennifer Robertson said.

Mr Cotten held “sole responsibility for handling the funds and coins” and no other members of the team could access the stored funds, she said in a sworn affidavit as she filed for credit protection on 31 January.

Ms Robertson said about $190m (£110m) in both cryptocurrency and normal money is in “cold storage” – where the company, or just Mr Cotten in this case, holds the key, not the client.

The founder held “sole responsibility for handling the funds and coins” and no other members of the team could access the stored funds, she added.

She has her husband’s laptop but she does not know the password and a technical expert they hired had not been able to bypass its encryption, she told the court.

On 31 January the company’s board of directors applied for creditor protection, with Ernst & Young expected to be appointed on Tuesday to oversee the proceedings.

A statement from the board said: “For the past weeks, we have worked extensively to address our liquidity issues, which include attempting to locate and secure our very significant cryptocurrency reserves held in cold wallets, and that are required to satisfy customer cryptocurrency balances on deposit, as well as sourcing a financial institution to accept the bank drafts that are to be transferred to us.

“Unfortunately, these efforts have not been successful.”

QuadrigaCX customers have been complaining on social media that they have not been able to withdraw money from their accounts.

Ally Shapoval wrote: “Hello, Quadriga! I withdrew money from my Quadriga account to my bank more than 2 weeks ago. WHERE IS MY MONEY? STILL NOT THERE.

“I sent you emails, you are not responding.”

Another wrote in French: “I have sent lots of emails, but I just get automatic responses, I’m not even able to get my crypto out.”

Some are questioning whether Mr Cotten is even dead and others have accused the company of lying to them.

Ms Robertson added in the affidavit that she and her colleagues have had threats made against them from online cryptocurrency communities – especially from Reddit users.

Source: Sky News

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Education

Cape Coast youth turn trash into creative works

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An innovative training programme to equip the youth in the Cape Coast metropolis on ways to tackle the growing sanitation menace by turning trash into creative works has been launched.

The novelty, which was spearheaded by Play Soccer Ghana, a non-governmental organisation (NGO) with support from the French Embassy in Ghana, is to equip the youth with knowledge, tools and skills to transform water sachets into useful items.

Addressing participants at the Oguaa Football for Hope Centre in Cape Coast, the Country Director of Play Soccer Ghana, Mr Franklin Asuo, said the problematic social and environmental consequences associated with the widespread use of water sachets brought about the need for the training which was dubbed: the NET Initiative.

Sachet water menace

He said although sachet water was an important source of drinking water in the country and the industry provided improved access to clean drinking water, it was the major cause of sanitation problems.

Ghana News Headlines

He, therefore, stressed the need for concerted efforts to create avenues that would tackle the problem.

The country director said the programme, which was being implemented in partnership with the Ghana Education Service, Metropolitan Municipal and District Assemblies (MMDAs) and the Ghana Health Service, would benefit young people in underprivileged communities in the Central and Northern regions.

Creative re-use

Mr Asuo stressed the need for creative re-use of solid household waste to generate new usable products in order to address the sanitation menace.

He said as a means to tackle the growing problem of sanitation in the country, creative reuse should be encouraged among the youth through the collection of discarded materials from the public that could be reused and given new life to generate usable products.

“These newly created items can be sold to the public or donated to other groups for reuse, thereby reducing pollution”, he added.

A beneficiary, Ms Felicia Takyi, said the programme had equipped her with a skill that could be used to generate income for herself and her family.

She said she would also pass the training down to children in her community as a way to give back to the society.

Source? graphic

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Entertainment

Meet The Next Apostle Safo Kantanka Who’s Able To Control A Car With A Mobile Phone

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He has been tagged as the next Apostle Kwadwo Safo Kantanka due to his intelligence and creativity. His video of controlling a car with a mobile phone is currently trending on social media.

19-year-old Sunyani-based SHS student has been able to dig deep into the world of electronics and come up with new technological developments.

He has built a wardrobe that can only be opened with a chip and according to the genius whose name is yet to be known, his mission to do what no one has done before.

A young apostle Kwadwo Sarfo in my hometown Sunyani. Truly born to be a great Engineer but of course we will ridicule his inventions. But assume this lil boy was born in China or the US?

Publiée par Saddick Adams SportsObama' sur Lundi 28 janvier 2019

Source: ghanacelebrities

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