The compact disc has had a good run, but now it’s coming to an end. The format for music CDs was agreed upon between Philips and Sony in 1979; its 120mm diameter apparently chosen because it would allow enough space for Beethoven’s Ninth Symphony. By the end of the 1980s, CDs had become the major distribution method for music, superseding vinyl records.
While online streaming and digital downloads are now the main way of purchasing music, CDs are still available – but not at Starbucks from the end of March. The US-owned cafe chain has long been a supporter of music on CD, playing songs from a diverse range of artists and selling an album of the week. But if you walk into a coffee shop now, most people are wearing earphones listening to their own music. While vinyl is making a comeback among music purists and hipsters, CDs have outlived their usefulness for both music and data storage. Once gone, we’re unlikely to see or hear of them again.
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Five personal finance podcasts from The National
To help you get started, tune into these Pocketful of Dirham episodes
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Balance is essential to happiness, health and wealth
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What is a portfolio stress test?
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What are NFTs and why are auction houses interested?
·
How gamers are getting rich by earning cryptocurrencies
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Should you buy or rent a home in the UAE?
THE BIO
Bio Box
Role Model: Sheikh Zayed, God bless his soul
Favorite book: Zayed Biography of the leader
Favorite quote: To be or not to be, that is the question, from William Shakespeare's Hamlet
Favorite food: seafood
Favorite place to travel: Lebanon
Favorite movie: Braveheart
Civil%20War
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Kanye%20West
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Profile
Company: Libra Project
Based: Masdar City, ADGM, London and Delaware
Launch year: 2017
Size: A team of 12 with six employed full-time
Sector: Renewable energy
Funding: $500,000 in Series A funding from family and friends in 2018. A Series B round looking to raise $1.5m is now live.
The specs
Engine: 5.0-litre V8
Power: 480hp at 7,250rpm
Torque: 566Nm at 4,600rpm
Transmission: 10-speed auto
Fuel consumption: L/100km
Price: Dh306,495
On sale: now
Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5
Left Bank: Art, Passion and Rebirth of Paris 1940-1950
Agnes Poirer, Bloomsbury
The specs
Engine: 6.2-litre supercharged V8
Power: 712hp at 6,100rpm
Torque: 881Nm at 4,800rpm
Transmission: 8-speed auto
Fuel consumption: 19.6 l/100km
Price: Dh380,000
On sale: now
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