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Showing posts from August 23, 2023

The ancient technology keeping space missions alive

  Some of the most famous space missions, including the two Voyager probes, have been exploring our Solar System for decades. The technology helping to keep them aloft, however, is not what you'd expect. 4 June 1996, European space port, French Guiana… It took more than 10 years to design and build Europe's four identical Cluster satellites for launch; and just 39 seconds to lose them all in an enormous fireball. Their remains rained down over the South American jungle as the Ariane 5 rocket veered off course and exploded. VIPs who had been sipping champagne on the outdoor viewing gallery moments earlier were ushered back inside to avoid being injured by the falling debris. The disaster was one of the European Space Agency's (Esa) most visible and spectacular failures . But within months, work had begun on a replacement mission, Cluster II. Designed to fly in formation to investigate the interaction between charged particles from the Sun – the solar wind ­– and...

India counts down to crucial moon landing

People perform "havan" (traditional Hindu fire ritual) as part of a special prayer for the safe landing of Chandrayaan-3 spacecraft on the moon, in New Delhi, India, August 23, 2023.    UMBAI, Aug 23 (Reuters) - India will make its second attempt to land on the moon on Wednesday, a mission seen as crucial to lunar exploration and the country's standing as a space power, just days after a similar Russian lander crashed. The Indian Space Research Organisation's (ISRO) Chandrayaan-3 spacecraft will attempt to land on the lunar south pole about 6:04 p.m. local time (12:34 p.m. GMT) on Wednesday, less than a week after Russia's Luna-25  mission failed . India's mission - Chandrayaan means "moon vehicle" in Hindi and Sanskrit - is its second attempt to land there. In 2019, ISRO's Chandrayaan-2 mission successfully deployed an orbiter but its lander crashed. "Landing on the south pole (of the moon) would actually allow India to explore if there is ...

Rupee short positions reconsider on 'committed' central bank

A cashier checks Indian rupee notes inside a room at a fuel station in Ahmedabad, India, September 20, 2018   MUMBAI, Aug 23 (Reuters) - The Indian rupee managed to hold above 83 to the dollar on Wednesday amid speculators considering the merit of short bets on the currency. The rupee was at 82.94 to the U.S. dollar by 11:06 a.m. IST, barely changed from the previous session. The currency recently hit a low of 83.16, from which it  recovered  primarily on the Reserve Bank of India's (RBI) repeated intervention, both in non-deliverable forwards and on over-the-counter. "The RBI looks quite committed to preventing a record low (for the rupee)," a forex trader at a bank said. "When you combine that with the price action, it does seem to me that the risk-reward (for short rupee positions) is now poor." Amit Pabari, managing director at fx advisory firm CR Forex, said that thanks to the RBI, the rupee's losses "are likely to remain limited to the 83.15-83.25...