This is a computer generated image showing what the Bloodhound speed record car will look like. The Bloodhound is a British supercar designed to break the world land speed record has been unveiled and if it succeeds, the driver  Andy Green will be the first to drive through the 1000 mph barrier.
This is a computer generated image showing what the Bloodhound speed record car will look like. The Bloodhound is a British supercar designed to break the world land speed record has been unveiled andShow more

The percentage game



Impossible does not seem to register in the vocabulary of Britain's Richard Noble. Between 1983 and 1997, he held the world land speed record, hitting a top speed of 633mph (1,013kph) during those years. Then he silenced the doubters further by heading a project to go supersonic for the first time. And the goal was duly achieved with Wing Commander Andy Green in the cockpit, with Green registering a top speed of 763mph (1,227kph) in Nevada in the United States 12 years ago.

This time, Noble and Green are teaming up once again to hit the 1,000mph mark. And to bring that speed into context - it is the equivalent of the car, Bloodhound SSC, travelling faster than a bullet fired from a handgun. Powering the car will be the engine from the Eurojet fighter with a rocket bolted on top for an extra boost. And what makes the immensely dangerous record attempt even more remarkable is that it all came about by accident.

Noble explained: "I had a meeting with Lord Drayson [the science minister in Britain] while he was working at the Ministry of Defence. He had heard about plans by the late American explorer Steve Fossett to break our land speed record. So we all thought we better get a defence together. "We went to Lord Drayson with the idea of trying to get the use of the Eurojet 200 engine as we'd heard one could soon be available at the end of its testing runs.

"We thought we'd done our best to persuade him but he completely turned things around. He said he was growing increasingly worried about the state of engineering in the UK. He said we needed a truly iconic project so he said let's go for the 1,000mph mark as a once-in-a-lifetime opportunity." And so 18 months ago the project was born. By March, the design of the car is set to be fully signed off, the building will begin in May and the team hope to get the car out on the UK runways at the start of 2010.

First there are plans to go for the current land speed record with an attempt at 800mph, then 900mph before the final stab at the 1,000mph mark in 2011. "Well, that's the plan but who knows whether it will happen in that timeline," he said. "These projects can be notoriously difficult, traumatic in fact." Part of the problem is that it is a completely private project that needs as much as £10 million (Dh 52.7 million) to fund it, money you would have thought was relatively impossible to raise in the current financial climate.

But Noble, an eternal optimist, believes a recession is the very best time to get such a project off the ground. "We have to grow 400 per cent this year and I'm confident we'll do it," he said. "Actually during the good times it's a nightmare as nobody wants to change what they're backing. In fact, Britain's reluctant for change. But in times like this, it's actually more beneficial for us. Places have more capacity for us to use their facilities plus there tend to be more designers available with time we can use."

As project leader, Noble makes all the decisions over the task and has a 35-strong team working on it but he readily admits it is second best to the role being undertaken by Green. "I'd love to drive it but the reality is that you can't always do these things," he said. "It's a big mistake to do all these things yourself. I really wanted to drive Thrust [the car in which Green broke the land-speed record] but I realised that the British establishment wasn't going to support that at my age or at least it was going to be enormously difficult to raise the funds.

"But while driving is the best thing, this is the next best. It can be enormously inspiring. "You're trying to get a team working at the same time as getting funding by telling people you're going to be as big as The Beatles, or something like that." The project is operated from the team's headquarters in Bristol at the former home of Concorde. All the team's plans are available to see on their website (www.bloodhoundssc.com) from the preparation to the record attempt and the doors are open for visitors to see the project in action on a daily basis.

A supporters' club is well under way and already 1,000 members have signed up in the opening few weeks. But interest in the land speed record is nothing new. The Thrust attempt got 3.5 million people visiting the website, quite an achievement 12 years ago, and Noble expects millions more this time around. But what is the lure for the public exactly? "Part of it's because they probably think we're bonkers, but we think the rest of the world is bonkers," he added. "But I think the big appeal is that most people have a car and basically all we're doing is driving a car in a straight line ... very fast. And most members of the public think they could do that.

"It's not the same with going into space for example and most people don't think they could end up being an astronaut. But they feel this is something they could do and I think that's the key to why people love it. And in addition to all that, we have no limitations like they do in all parts of motorsport like F1. We just aim to go faster and faster and faster - that's it." Noble laughs and adds that it is not exactly rocket science but therein lies the key to the record. A potent rocket will be strapped onto the back of the car in the Nevada desert.

And to break the record, the car has to travel in both directions at top speed - the record is taken from the average speed of the two runs - and that involves changing the rocket on top at the turnaround which, at 800 lb, is not exactly simplistic. "That's an issue we have to work on, but it's achievable," he said. The other major obstacle is safety and one that Noble, as a former driver and with Green's life in his hands, will not take lightly.

"That is absolutely paramount and it's not always easy," he said. "Sure, this is very dangerous as it's never been done before and we're going into the unknown. "And there will be times when there will be pressure from the media and the sponsors to just go for it. But if the car and the conditions aren't spot on, I'll happily pack everything up and we'll go back to the drawing board. You can't mess about with safety."

However, despite describing the project as the "most exciting thing on earth", Noble insists breaking the 1,000mph is only the tertiary target of the entire project. "It's bigger than that," he explained. "The number one goal is to create a generation of engineers, number two is to provide an iconic project for students [Bloodhound is working closely with schools across the UK], number three is the 1,000mph mark and number four is pure and simple publicity.

"We're bidding to save engineering which is dying in this country. It was massive in the 1960s and 1970s but it's dying with a shortage of iconic projects. But the recession's a time when the industry can come flying back." However, Noble and his team have other obstacles to overcome, most notably their rivals for the land-speed record. The car Fossett planned to break the record in, Spirit of America, is now up for sale, then there's North American Eagle, which looks capable of the 800mph mark at the very least and then there's Jetblack, an Australian team bidding for the 1,000mph mark.

"Jetblack looks the most serious opposition but it's great to have rivals," said Noble. "It drives me and the team forward and sharpens us even more in what we're doing." The goal is simple - to raise the speed record by 31 per cent, the greatest hike in the history of land-speed records and something which Noble points out "has never been done before". With his very positive outlook, you cannot help but buy into it what he is doing. It remains to be seen whether 2011 will be his and Bloodhound's year. mmajendie@thenational.ae

The design

The protective shell is covered in solar panels to make use of light and produce energy. This will drastically reduce energy loss.

More than 80 per cent of the energy consumed by the French pavilion will be produced by the sun.

The architecture will control light sources to provide a highly insulated and airtight building.

The forecourt is protected from the sun and the plants will refresh the inner spaces.

A micro water treatment plant will recycle used water to supply the irrigation for the plants and to flush the toilets. This will reduce the pavilion’s need for fresh water by 30 per cent.

Energy-saving equipment will be used for all lighting and projections.

Beyond its use for the expo, the pavilion will be easy to dismantle and reuse the material.

Some elements of the metal frame can be prefabricated in a factory.

 From architects to sound technicians and construction companies, a group of experts from 10 companies have created the pavilion.

Work will begin in May; the first stone will be laid in Dubai in the second quarter of 2019. 

Construction of the pavilion will take 17 months from May 2019 to September 2020.

Four reasons global stock markets are falling right now

There are many factors worrying investors right now and triggering a rush out of stock markets. Here are four of the biggest:

1. Rising US interest rates

The US Federal Reserve has increased interest rates three times this year in a bid to prevent its buoyant economy from overheating. They now stand at between 2 and 2.25 per cent and markets are pencilling in three more rises next year.

Kim Catechis, manager of the Legg Mason Martin Currie Global Emerging Markets Fund, says US inflation is rising and the Fed will continue to raise rates in 2019. “With inflationary pressures growing, an increasing number of corporates are guiding profitability expectations downwards for 2018 and 2019, citing the negative impact of rising costs.”

At the same time as rates are rising, central bankers in the US and Europe have been ending quantitative easing, bringing the era of cheap money to an end.

2. Stronger dollar

High US rates have driven up the value of the dollar and bond yields, and this is putting pressure on emerging market countries that took advantage of low interest rates to run up trillions in dollar-denominated debt. They have also suffered capital outflows as international investors have switched to the US, driving markets lower. Omar Negyal, portfolio manager of the JP Morgan Global Emerging Markets Income Trust, says this looks like a buying opportunity. “Despite short-term volatility we remain positive about long-term prospects and profitability for emerging markets.” 

3. Global trade war

Ritu Vohora, investment director at fund manager M&G, says markets fear that US President Donald Trump’s spat with China will escalate into a full-blown global trade war, with both sides suffering. “The US economy is robust enough to absorb higher input costs now, but this may not be the case as tariffs escalate. However, with a host of factors hitting investor sentiment, this is becoming a stock picker’s market.”

4. Eurozone uncertainty

Europe faces two challenges right now in the shape of Brexit and the new populist government in eurozone member Italy.

Chris Beauchamp, chief market analyst at IG, which has offices in Dubai, says the stand-off between between Rome and Brussels threatens to become much more serious. "As with Brexit, neither side appears willing to step back from the edge, threatening more trouble down the line.”

The European economy may also be slowing, Mr Beauchamp warns. “A four-year low in eurozone manufacturing confidence highlights the fact that producers see a bumpy road ahead, with US-EU trade talks remaining a major question-mark for exporters.”

COMPANY%20PROFILE
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THE SPECS

Engine: 6.75-litre twin-turbocharged V12 petrol engine 

Power: 420kW

Torque: 780Nm

Transmission: 8-speed automatic

Price: From Dh1,350,000

On sale: Available for preorder now

The specs

Engine: Four electric motors, one at each wheel

Power: 579hp

Torque: 859Nm

Transmission: Single-speed automatic

Price: From Dh825,900

On sale: Now

The National's picks

4.35pm: Tilal Al Khalediah
5.10pm: Continous
5.45pm: Raging Torrent
6.20pm: West Acre
7pm: Flood Zone
7.40pm: Straight No Chaser
8.15pm: Romantic Warrior
8.50pm: Calandogan
9.30pm: Forever Young

Kathryn Hawkes of House of Hawkes on being a good guest (because we’ve all had bad ones)

  • Arrive with a thank you gift, or make sure you have one for your host by the time you leave. 
  • Offer to buy groceries, cook them a meal or take your hosts out for dinner.
  • Help out around the house.
  • Entertain yourself so that your hosts don’t feel that they constantly need to.
  • Leave no trace of your stay – if you’ve borrowed a book, return it to where you found it.
  • Offer to strip the bed before you go.
The rules on fostering in the UAE

A foster couple or family must:

  • be Muslim, Emirati and be residing in the UAE
  • not be younger than 25 years old
  • not have been convicted of offences or crimes involving moral turpitude
  • be free of infectious diseases or psychological and mental disorders
  • have the ability to support its members and the foster child financially
  • undertake to treat and raise the child in a proper manner and take care of his or her health and well-being
  • A single, divorced or widowed Muslim Emirati female, residing in the UAE may apply to foster a child if she is at least 30 years old and able to support the child financially

The Baghdad Clock

Shahad Al Rawi, Oneworld

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The Kingfisher Secret
Anonymous, Penguin Books

 

 

UAE%20Warriors%2045%20Results
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NO OTHER LAND

Director: Basel Adra, Yuval Abraham, Rachel Szor, Hamdan Ballal

Stars: Basel Adra, Yuval Abraham

Rating: 3.5/5

Real estate tokenisation project

Dubai launched the pilot phase of its real estate tokenisation project last month.

The initiative focuses on converting real estate assets into digital tokens recorded on blockchain technology and helps in streamlining the process of buying, selling and investing, the Dubai Land Department said.

Dubai’s real estate tokenisation market is projected to reach Dh60 billion ($16.33 billion) by 2033, representing 7 per cent of the emirate’s total property transactions, according to the DLD.

The specs

Engine: four-litre V6 and 3.5-litre V6 twin-turbo

Transmission: six-speed and 10-speed

Power: 271 and 409 horsepower

Torque: 385 and 650Nm

Price: from Dh229,900 to Dh355,000

Griselda
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In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

Henrik Stenson's finishes at Abu Dhabi HSBC Championship:

2006 - 2
2007 - 8
2008 - 2
2009 - MC
2010 - 21
2011 - 42
2012 - MC
2013 - 23
2014 - MC
2015 - MC
2016 - 3
2017 - 8

Ms Yang's top tips for parents new to the UAE
  1. Join parent networks
  2. Look beyond school fees
  3. Keep an open mind
WORLD CUP SEMI-FINALS

England v New Zealand

(Saturday, 12pm UAE)

Wales v South Africa

(Sunday, 12pm, UAE)

 

AUSTRALIA SQUAD

Aaron Finch, Matt Renshaw, Brendan Doggett, Michael Neser, Usman Khawaja, Shaun Marsh, Mitchell Marsh, Tim Paine (captain), Travis Head, Marnus Labuschagne, Nathan Lyon, Jon Holland, Ashton Agar, Mitchell Starc, Peter Siddle