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‘A necessity’: Lebanon’s forced conversion to solar

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The Lebanese mountain village of Toula barely had three hours of daily generator-driven electricity but now, solar power helps keep the lights on for 17 hours, an engineer working on the alternative energy project says
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Thanks to solar energy, residents of the northern Lebanese village of Toula are finally able to enjoy ice cream again — a treat in a sun-baked country plagued by power cuts.

Lebanon’s economy collapsed in 2019 after decades of corruption and mismanagement, leaving the state unable to provide electricity for more than an hour or two per day.

Last winter, the mountain village of Toula barely had three hours of daily generator-driven electricity.

Solar power now helps keep the lights on for 17 hours, an engineer working on the alternative energy project said.

“For two years the kids have been asking for ice cream, now it’s finally time,” said Toula mini-market owner Jacqueline Younes, beaming.

“We are waiting for our first order of ice cream to arrive.”

While many Lebanese rely on costly generators for electricity, a growing number of homes, companies and state institutions are turning to solar — not out of environmental concern, but because it’s their only option.

Solar panels dot rooftops and parking lots, powering entire villages — and even Beirut’s only functioning traffic lights, thanks to a local NGO.

“Solar energy is no longer an alternative, it’s a necessity. If we hadn’t installed panels, the village wouldn’t have any electricity,” said engineer Elie Gereige, standing beside a sea of panels on a hilltop overlooking Toula.

Gereige is part of a team of volunteers who raised more than $100,000 from Toula expatriates to build a solar farm with 185 panels installed on church land.

They worked with the municipality to feed the village generator with solar energy, cutting down on fuel costs while powering the entire community.

– $1.4 million for power –

An hour’s drive south of Toula, a branch of Spinneys supermarket is also installing panels in the parking lot and rooftop to slash its generator bills.

“I think we will save around half of our energy costs in Jbeil due to solar panels,” said Hassan Ezzeldine, chairman of Gray Mackenzie Retail Lebanon, which owns Spinneys.

The company spends between $800,000 and $1.4 million a month on electricity for its chain of supermarkets, he said, to power generators that run on diesel round-the-clock.

“The cost of generators today is dramatic. It’s a disaster.”

His company has considered turning to solar energy for years, but after the crisis “we thought… it’s something we needed to do, and we needed to do it immediately,” he said.

Private individuals are also turning to solar to cut down on generator bills, setting up panels and batteries on balconies and rooftops.

Homemaker Zeina Sayegh installed solar power for around $6,000 for her Beirut apartment last summer, when the state lifted most petrol subsidies.

She was the only one in the building with panels.

This year, nine neighbours have joined her, covering the roof with metal bars connecting dozens of panels.

She has switched completely to solar, limiting power consumption at night. But she has non-stop electricity in the summertime — a rare luxury.

“I’m more comfortable this way. I feel I’m in control of the electricity and not the other way around,” she said.

– Expensive switch –

In a country where poverty is rampant and bank depositors with savings are locked out of their accounts, installing solar power is expensive.

Many Lebanese have resorted to selling a car, jewellery or a plot of land to finance the switch.

Before Lebanon’s economy collapsed, only a few companies offered solar power installation services.

But high demand has opened the door “for anyone to start selling solar systems”, said Antoine Skayem of solar power company Free Energy.

Demand from cash-strapped municipalities has soared, he said.

But they are vulnerable to political meddling and patronage.

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Meta ‘supreme court’ takes on cases of deepfake porn

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Meta's independent oversight board can make recommendations regarding the social media giant's deepfake porn policies but it is up to the tech firm to actually make any changes
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Meta’s oversight board said Tuesday it is scrutinizing the social media titan’s deepfake porn policies, through the lens of two cases.

The move by what is referred to as a Meta “supreme court” for content moderation disputes comes just months after the widespread sharing of lewd AI-generated images of megastar Taylor Swift on X, formerly Twitter.

The Meta board picked its two cases, regarding images shared on Instagram and Facebook, to “assess whether Meta’s policies and its enforcement practices are effective at addressing explicit AI-generated imagery,” it said in the release.

The board can make recommendations regarding the social media giant’s deepfake porn policies but it is up to the tech firm to actually make any changes.

The first case taken up by the Meta Oversight Board involves an AI-generated image of a nude woman posted on Instagram.

The woman pictured resembled a public figure in India, sparking complaints from users in that country.

Meta left the image up, later saying it did so in error, the board said.

The second case involves a picture posted to a Facebook group devoted to AI creations.

That image depicted a nude woman resembling “an American public figure” with a man groping one of her breasts, the board said in a release.

The board did not name the woman, who it said was identified in a caption on the synthetic image at issue.

Meta removed the image for violating its harassment policy, and the user who posted the content appealed the decision, according to the board.

People were invited to submit comment, particularly on the gravity of harms posed by deepfake pornography and the harm it does to women who are public figures.

Deepfake porn images of celebrities are not new, but activists and regulators are worried that easy-to-use tools employing generative AI will create an uncontrollable flood of toxic or harmful content.

The targeting of Swift, one of the world’s top-streamed artists whose latest concert tour propelled her to the top of American fame, shined a spotlight on the phenomenon, with her legions of fans outraged at the development.

“It is alarming,” said White House Press Secretary Karine Jean-Pierre, when asked about the images at the time.

“Sadly we know that lack of enforcement (by the tech platforms) disproportionately impacts women and they also impact girls who are the overwhelming targets of online harassment,” Jean-Pierre added.

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Samsung returns to top of the smartphone market: industry tracker

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Smartphone market tracker International Data Corporation expects Samsung and Apple will continue to dominate when it comes to high-end smartphones but that pressure will increase from Chinese rivals making more budget priced handsets
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Samsung regained its position as the top smartphone seller, wresting back the lead from Apple as Chinese rivals close the gap on both market leaders, industry tracker International Data Corporation (IDC) reported Monday.

South Korea-based Samsung overtook Apple as worldwide smartphone shipments grew nearly 8 percent in the first quarter of this year to 289.4 million, IDC said, citing its preliminary data.

It was the third consecutive quarter of growth in the global smartphone market, signalling that a recovery from a slump in the sector is underway, according to IDC.

IDC Worldwide Mobility and Consumer Device Trackers team vice president Ryan Reith expected top smartphone companies to gain share and small brands to struggle for position as recovery progresses.

Samsung shipped 60.1 million smartphones in the first quarter of this year, claiming nearly 21 percent of the market, according to IDC figures.

Apple shipped 50.1 million iPhones, garnering just over 17 percent of the market in the same period, IDC reported.

Apple smartphone shipments were down 9.6 percent in a quarter-over-quarter comparison, while Samsung shipments slipped less than one percent, according to the market tracker.

Meanwhile, China-based Xiaomi saw shipments grow about 33 percent to 40.8 million and Transsion about 85 percent to 28.5 million, taking third and fourth positions in the overall smartphone market, IDC reported.

“While Apple managed to capture the top spot at the end of 2023, Samsung successfully reasserted itself as the leading smartphone provider in the first quarter,” Reith said.

IDC expects Samsung and Apple to maintain their hold on the high end of the smartphone market while Chinese competitors seek to expand sales, according to Reith.

Nabila Popal, research director with IDC’s Worldwide Tracker team, said: “There is a shift in power among the Top 5 companies, which will likely continue as market players adjust their strategies in a post-recovery world.

“Xiaomi is coming back strong from the large declines experienced over the past two years and Transsion is becoming a stable presence in the Top 5 with aggressive growth in international markets.”

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Hong Kong conditionally approves first bitcoin and ether ETFs

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Hong Kong's securities regulator granted conditional approval for city's first spot-bitcoin and ether exchange traded funds
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Hong Kong’s securities regulator on Monday granted conditional approval to start the city’s first spot-bitcoin and ether exchange-traded funds (ETFs), firms involved said, positioning it as a leader in Asia for the use of cryptocurrencies as investment tools.

ChinaAMC (HK), the city’s unit of China Asset Management, said in a statement it had received regulatory approval from Hong Kong’s Securities and Futures Commission of Hong Kong (SFC) for the provision of virtual asset management services.

The company is “actively deploying resources in the development of spot Bitcoin ETF and spot Ethereum ETF”, it said. 

This will be done in partnership with BOCI-Prudential Trustee Limited, a joint venture of the fund management arm of Bank of China (HK) and the British multinational insurance firm.

Two other fund managers — the Hong Kong units of Harvest Fund Management and Bosera Asset Management — also said they had received conditional approvals from the SFC, Bloomberg reported.

The SFC declined to comment on individual applications.

OSL Digital Securities will provide custody services to China AMC and Harvest to ensure trading safety, the licensed digital assets platform announced Monday. 

“This collaboration marks a critical advancement in the financial landscape of the region, heralding a new chapter in digital asset investments,” OSL said in a statement. 

Hong Kong has been trying to edge ahead as a regional digital asset hub as its international financial centre status has been dented by political turmoil in recent years and China’s economic downturn.

The latest move came three months after the United States gave the green light to ETFs pegged to bitcoin’s spot price, making it easier for mainstream investors to add the unit to their portfolio.

Hong Kong is also widely considered an experimental field for including cryptocurrencies as mainstream investment tools — which are banned in mainland China.

“The financial hub is looking to establish itself as a competitor in the space competing with Dubai and Singapore as regulators open up crypto markets to institutional demand,” said James Harte, an analyst from Tickmill. 

He added that Bitcoin futures were down “around 7 percent at the lows of the day before sentiment reversed on” Hong Kong’s news. 

Last December, the city’s SFC said it was ready to allow retail investors to buy funds that are 100 percent invested in some of the digital assets, triggering the first wave of applications from fund managers. 

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