Sunday September 22, 2019
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Iter fusion power project: Scientists creating their own ‘Sun’ to tackle future energy problems

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By NewsGram Staff Writer

In southern France, engineers and scientists are creating a “mini- star,” which can produce the same reactions that take place in the sun, to provide energy for the future.

This interesting project is named ‘Iter,’ which means ‘the way’ in Latin, to underline the possibilities of energy as a means to create a peaceful and safe environment.

As reported by The Independent, the ‘star’ will weigh thrice as much as the Eiffel Tower and as big as 60 football pitches. A nuclear reactor will be placed inside the building, which will generate power through smaller and controlled versions of nuclear fusions. The power thus generated will be clean, safe to use and will lessen the over-exploitation of fossil fuels.

In 1987, ‘Iter’ was first introduced to the world in its primary stage. However, the project was delayed due to various problems.

Currently, it is being supported by seven entities, including European Union, US, Russia and China.

The group working on this project has also appointed a new head, Bernard Bigot, early this year.

The website reported Bigot as stating, “We are now entering into manufacturing and preparations for assembly.”

He added that he had joined as a part of a new management team that was set up to deliver “both a research and an industrial facility.”

The team involved in the project is expecting that preliminary operations can begin by the 2020s, followed by the production of energy after some time.

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France to Block Facebook’s Libra Cryptocurrency: Report

The development of the Libra has raised grave concerns among lawmakers over how it will be regulated

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facebook, servicefriend, startup, cryptocurrency, libra
Representations of virtual currency are displayed in front of the Libra logo in this illustration picture. VOA

French Finance Minister Bruno Le Maire on Thursday said the country cannot authorise the development of Facebook’s proposed Libra cryptocurrency on European soil as it threatens the “monetary sovereignty” of governments.

Le Maire also cited the potential for abuse of market dominance as well as systemic financial risks as the reason why the cryptocurrency cannot operate in Europe, Sputnik news agency reported.

“All these concerns about Libra are serious. I therefore want to say with plenty of clarity: in these conditions we cannot authorise the development of Libra on European soil,” Le Maire was quoted as saying at the opening of an OECD conference on virtual, cryptocurrencies.

Facebook announced its intentions to launch the digital coin in June. The new cryptocurrency is designed to assist billions of its social media users in conducting international transactions.

Corporate, America, Climate Change
FILE – In this April 30, 2019, file photo, Facebook stickers are laid out on a table at F8, Facebook’s developer conference in San Jose, Calif. The Boston-based renewable energy developer Longroad Energy announced in May that Facebook is building a… VOA

The digital coin will be operated by Facebook along with 28 partners, including Visa, MasterCard, PayPal, Uber, Lyft, and Spotify.

The development of the Libra has raised grave concerns among lawmakers over how it will be regulated.

Also Read: Ola Announces Expansion of its Ola Bike Service to 150 Cities Across India

Earlier this month, a member of the board of the European Central Bank (ECB) cautioned that the Libra virtual currency could under certain circumstances negatively affect the bank’s ability to regulate the euro and the single market. (IANS)