Britain trumpeted today the launch of its first full high-speed domestic rail service, while unveiling plans for a network of the trains across the country in years to come. The prime minister Gordon Brown was on hand at Saint Pancras station in London for the first services by the Japanese-built Javelin trains, slashing journey times between the capital and the county of Kent to the south-east. "This is a great day for Saint Pancras and for ... rail services in this area and for the UK. This is also a momentous day in the long and glorious history of British railways," he said.
The Hitachi class 395 trains will reach speeds of up to 220 kilometres per hour, using sections of the London-to-Folkestone high-speed rail link built for Eurostar trains through the Channel Tunnel. The new 508-passenger trains, introduced by the Southeastern rail company, will cut the journey time from coastal Dover to London by 47 minutes to 69 minutes, while Ashford to London comes down from well over an hour to 37 minutes.
By the time of the 2012 London Olympics, they will be able to transport spectators from Saint Pancras to the main Games site in Stratford, East London, in just seven minutes. Britain, which has lagged behind its European neighbours in introducing high-speed rail travel, plans to invest 20 billion pounds (Dh132) in railway infrastructure in the next few years. The government has set up a company to investigate the feasibility of a north-south high-speed rail line, which could link London with other chief cities like Birmingham, Manchester and Glasgow. Its findings are expected by the end of this month.
Brown acknowledged that the global economic downturn made it tougher to find funding for such projects. "I know some people who think this is not the time to be investing in infrastructure, but I believe it is essential to do so," he said. * AFP
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
COMPANY PROFILE
Name: Qyubic
Started: October 2023
Founder: Namrata Raina
Based: Dubai
Sector: E-commerce
Current number of staff: 10
Investment stage: Pre-seed
Initial investment: Undisclosed
Company%20Profile
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Company%20profile
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The specs
Engine: 3-litre twin-turbo V6
Power: 400hp
Torque: 475Nm
Transmission: 9-speed automatic
Price: From Dh215,900
On sale: Now
CABINET%20OF%20CURIOSITIES%20EPISODE%201%3A%20LOT%2036
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3EGuillermo%20del%20Toro%3Cbr%3E%3Cstrong%3EStars%3A%3C%2Fstrong%3E%20Tim%20Blake%20Nelson%2C%20Sebastian%20Roche%2C%20Elpidia%20Carrillo%3Cbr%3ERating%3A%204%2F5%3C%2Fp%3E%0A
Call of Duty: Black Ops 6
Developer: Treyarch, Raven Software
Publisher: Activision
Console: PlayStation 4 & 5, Windows, Xbox One & Series X/S
Rating: 3.5/5
READ MORE ABOUT CORONAVIRUS
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Company%20Profile
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UAE squad
Men's draw: Victor Scvortov and Khalifa Al Hosani, (both 73 kilograms), Sergiu Toma and Mihail Marchitan (90kg), Ivan Remarenco (100kg), Ahmed Al Naqbi (60kg), Musabah Al Shamsi and Ahmed Al Hosani (66kg)
Women’s draw: Maitha Al Neyadi (57kg)
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
COMPANY PROFILE
Name: HyperSpace
Started: 2020
Founders: Alexander Heller, Rama Allen and Desi Gonzalez
Based: Dubai, UAE
Sector: Entertainment
Number of staff: 210
Investment raised: $75 million from investors including Galaxy Interactive, Riyadh Season, Sega Ventures and Apis Venture Partners
Nayanthara: Beyond The Fairy Tale
Starring: Nayanthara, Vignesh Shivan, Radhika Sarathkumar, Nagarjuna Akkineni
Director: Amith Krishnan
Rating: 3.5/5
How to become a Boglehead
Bogleheads follow simple investing philosophies to build their wealth and live better lives. Just follow these steps.
• Spend less than you earn and save the rest. You can do this by earning more, or being frugal. Better still, do both.
• Invest early, invest often. It takes time to grow your wealth on the stock market. The sooner you begin, the better.
• Choose the right level of risk. Don't gamble by investing in get-rich-quick schemes or high-risk plays. Don't play it too safe, either, by leaving long-term savings in cash.
• Diversify. Do not keep all your eggs in one basket. Spread your money between different companies, sectors, markets and asset classes such as bonds and property.
• Keep charges low. The biggest drag on investment performance is all the charges you pay to advisers and active fund managers.
• Keep it simple. Complexity is your enemy. You can build a balanced, diversified portfolio with just a handful of ETFs.
• Forget timing the market. Nobody knows where share prices will go next, so don't try to second-guess them.
• Stick with it. Do not sell up in a market crash. Use the opportunity to invest more at the lower price.