Four astronauts began their journey to the International Space Station on Thursday, blasting off from Nasa’s Kennedy Space Centre on board a SpaceX rocket.
The nine first-stage engines of the Falcon 9 roared into life just after 6am Gulf Standard Time, sending the Crew Dragon capsule and its occupants blazing through the darkened Florida skies.
Breaking through the sound barrier after only a minute, the rocket’s first stage then separated from the spacecraft and upper stage, landing autonomously on a SpaceX drone ship waiting in the Atlantic.
Shannon Walker, a Nasa astronaut who flew to space on the Crew-1 mission in November last year, said: "It was one of the most impressive launches I have seen."
Hours earlier, the astronauts smiled and waved as they headed for the launchpad in a convoy of Tesla cars before boarding the capsule.
A SpaceX tracker showed the Dragon capsule flying towards its rendezvous with the ISS.
Thursday's flight was the fourth crewed mission to the ISS under Nasa's partnership with SpaceX, the rocket company founded in 2002 by Elon Musk, the billionaire chief executive of electric car maker Tesla.
The Crew-3 mission followed a flurry of high-profile space tourism flights this year, including the September launch of SpaceX Inspiration 4, the first all-civilian crew sent into orbit without a professional astronaut to accompany them.
Originally planned for October 31, Thursday's flight was delayed several times by bad weather over the launch site, and by what Nasa called a “minor medical issue” involving one of the four crew members.
Steve Stich, Nasa’s commercial crew programme manager, said on Tuesday that the astronauts were "all in good shape” ahead of the flight. The agency has not revealed which astronaut was affected by the medical issue.
The delays meant that the astronauts of the previous mission to the ISS, Crew-2, had to return to Earth before their replacements took off. A SpaceX Crew Dragon capsule carrying those astronauts splashed down in the Gulf of Mexico on Tuesday.
During that Crew-2 landing, one of the capsule’s four main parachutes was slow to open, fully deploying more than a minute after the other three and throwing up another potential problem for the Crew-3 launch schedule.
But Nasa and SpaceX said they had investigated the parachute issue and found nothing out of the ordinary.
“We don’t see anything that’s off-nominal that concerns us from a parachute standpoint,” said Bill Gerstenmaier, vice president of build and flight reliability at SpaceX.
“It performed essentially the way it was designed to perform,” he said, adding that SpaceX had observed parachutes deploying more slowly in tests.
Who are the astronauts of Crew-3?
The Crew-3 mission is made up of three Nasa astronauts, Lt Col Raja Chari, Tom Marshburn and Kayla Barron, and German Matthias Maurer of the European Space Agency.
Lt Col Chari, a US Air Force officer, is commanding the mission.
The astronauts are expected to dock with the ISS at 4.10am on Friday and will spend six months on board the orbital laboratory conducting experiments in botany, material science and health.
The Crew-3 mission is intended to help pave the way for future space exploration and benefit life on Earth.
Only one member of the crew has been to space before.
Mr Marshburn flew on a space shuttle mission in 2009 and then on a Russian Soyuz spacecraft from 2012-2013.
Ms Barron is the newest addition to Nasa’s astronaut corps, joining in 2017 after serving in the US Navy’s submarine fleet.
Mr Maurer, a materials science engineer, will become the 12th German to travel to space.
What science experiments will the crew conduct?
The mission’s main scientific aims include experiments to grow plants in space without soil and build optical fibres in microgravity, which research suggests would be better than those made on Earth.
Mr Maurer will help set up the European Robotic Arm on the Russian side of the ISS, and test out an artificial intelligence assistant called Cimon, which was developed by the German space agency DLR, Airbus and IBM.
“It’s an experiment which is really paving the way towards exploration,” he said.
One use envisioned for the AI assistant is to act as a geology expert that could help astronauts on a future mission to Mars, because of the time delay to communications with Earth, he said.
The Crew-3 astronauts will also go on spacewalks to finish upgrading the station’s solar panels.
The crew will also be on the ISS during two tourism missions, hosting Japanese tourists arriving aboard a Russian Soyuz spacecraft at the end of 2021 and the SpaceX Axiom crew, which is due to take off in February 2022.
Crew-2 splash down – in pictures
RACE CARD
6.30pm: Handicap (TB) $68,000 (Dirt) 1,600m
7.05pm: Meydan Sprint – Group 2 (TB) $163,000 (Turf) 1,000m
7.40pm: Curlin Stakes – Listed Handicap (TB) $88,000 (D) 2,200m
8.15pm: UAE Oaks – Group 3 (TB) $125,000 (D) 1,900m
8.50pm: Zabeel Mile – Group 2 (TB) $163,000 (T) 1,600m
9.25pm: Balanchine – Group 2 (TB) $163,000 (T) 1,800m
10pm: Al Shindagha Sprint – Group 3 (TB) $130,000 (D) 1,200m
Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.
Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.
“Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.
Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.
“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.
Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.
From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.
Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.
BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.
Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.
Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.
“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.
Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.
“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.
“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”
The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”
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
MATCH INFO
Uefa Champions League last 16, second leg
Liverpool (0) v Atletico Madrid (1)
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Kick-off: Thursday, March 12, midnight
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Start-up hopes to end Japan's love affair with cash
Across most of Asia, people pay for taxi rides, restaurant meals and merchandise with smartphone-readable barcodes — except in Japan, where cash still rules. Now, as the country’s biggest web companies race to dominate the payments market, one Tokyo-based startup says it has a fighting chance to win with its QR app.
Origami had a head start when it introduced a QR-code payment service in late 2015 and has since signed up fast-food chain KFC, Tokyo’s largest cab company Nihon Kotsu and convenience store operator Lawson. The company raised $66 million in September to expand nationwide and plans to more than double its staff of about 100 employees, says founder Yoshiki Yasui.
Origami is betting that stores, which until now relied on direct mail and email newsletters, will pay for the ability to reach customers on their smartphones. For example, a hair salon using Origami’s payment app would be able to send a message to past customers with a coupon for their next haircut.
Quick Response codes, the dotted squares that can be read by smartphone cameras, were invented in the 1990s by a unit of Toyota Motor to track automotive parts. But when the Japanese pioneered digital payments almost two decades ago with contactless cards for train fares, they chose the so-called near-field communications technology. The high cost of rolling out NFC payments, convenient ATMs and a culture where lost wallets are often returned have all been cited as reasons why cash remains king in the archipelago. In China, however, QR codes dominate.
Cashless payments, which includes credit cards, accounted for just 20 per cent of total consumer spending in Japan during 2016, compared with 60 per cent in China and 89 per cent in South Korea, according to a report by the Bank of Japan.
WE%20NO%20LONGER%20PREFER%20MOUNTAINS
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Inas%20Halabi%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENijmeh%20Hamdan%2C%20Kamal%20Kayouf%2C%20Sheikh%20Najib%20Alou%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%204%2F5%3C%2Fp%3E%0A
RESULTS
1.45pm: Handicap (TB) Dh80,000 (Dirt) 1,400m
Winners: Hyde Park, Royston Ffrench (jockey), Salem bin Ghadayer (trainer)
2.15pm: Conditions (TB) Dh100,000 (D) 1,400m
Winner: Shamikh, Ryan Curatolo, Nicholas Bachalard
2.45pm: Conditions (TB) Dh100,000 (D) 1,200m
Winner: Hurry Up, Royston Ffrench, Salem bin Ghadayer.
3.15pm: Shadwell Jebel Ali Mile Group 3 (TB) Dh575,000 (D) 1,600m
Winner: Blown by Wind, Xavier Ziani, Salem bin Ghadayer
3.45pm: Handicap (TB) Dh72,000 (D) 1,600m
Winner: Mazagran, Tadhg O’Shea, Satish Seemar.
4.15pm: Handicap (TB) Dh64,000 (D) 1,950m
Winner: Obeyaan, Adrie de Vries, Mujeeb Rehman
4.45pm: Handicap (TB) Dh84,000 (D) 1,000m
Winner: Shanaghai City, Fabrice Veron, Rashed Bouresly.