Small levels of radiation in fish

He said that while the radiation levels detected in the fish consignment recently was not at a dangerous level the authorities need to be vigilant as some fish may have even higher levels of radiation. As a result the AEA is to meet fish importers later this month to educate them on the need to carry out the radiation tests in the best interest of the public. (Colombo Gazette) “We began the tests in collaboration with the health ministry and imported fish is not released to the importer until we issue a certification after we carry out the tests at our lab,” Wijeywardena said.Asked for how long such radiation tests will have to be carried out Dr. Wijeywardena said that it’s hard to specify a time period as there are some radioactive material which can remain a threat for several years after it is released in the environment.“There were short term and long term threats from the Fukushima nuclear disaster and we have already dealt with the short term threat. But the long term concern is still there and that is what we are still looking at,” Wijeywardena said. The Sri Lanka Atomic Energy Agency (AEA) says it had found small levels of radiation in fish imported to Sri Lanka following the Fukushima nuclear disaster in Japan.Chairman of the AEA Dr. Ranjith Wijeyawardena said that tests are being carried out on all types of fish imported to the country. “During our tests we had even detected small levels of radiation in one consignment of imported fish so this shows we need to carry out these tests,” Wijeyawardena told the Colombo Gazette. He said local fish importers have been up in arms over the tests being carried out on the imported fish as it delays the release of the consignment at the port. Wijeywardena said that the tests were initially carried out last year following the devastating earthquake and tsunami in Japan which had damaged a nuclear power plant.Contaminated water was released into the sea following the disaster and this raised fears that fish in a wide area may have been affected by radioactive material. read more

Alibaba shares tumble on 4Q revenue miss jitters over Chinese government criticism

by Mae Anderson, The Associated Press Posted Jan 29, 2015 5:41 am MDT Alibaba shares tumble on 4Q revenue miss, jitters over Chinese government criticism AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email FILE – In this Sept. 19, 2014 file photo, the Alibaba logo is displayed during the company’s IPO at the New York Stock Exchange, in New York. On Thursday, Jan. 29, 2015, Alibaba Group said its net income fell as it faced higher one-time costs but its adjusted earnings beat expectations. (AP Photo/Mark Lennihan, File) NEW YORK, N.Y. – Alibaba’s Group shares dropped 10 per cent on Thursday after the Chinese e-commerce powerhouse reported holiday-quarter revenue that surged 40 per cent but missed analyst expectations.It was the second day of stock decline following news Wednesday that the Chinese government had issued a report critical about Alibaba’s efforts to deal with counterfeiting.The two-day decline has shaved about $38 billion off the company’s previous $264 billion market capitalization and is making some wonder if the bloom is off the rose for investors, who had clamoured to buy the stock in September when Alibaba went public in the biggest IPO ever.Stifel Nicolaus analyst Scott Devitt said the honeymoon period was ending and cut his rating to “Hold” from “Buy” based on increased risk of clashes with the Chinese government and lower revenue expectations.Still there were some highlights in the report. Alibaba’s adjusted fourth-quarter earnings beat expectations as its user base continued to grow and shoppers bought more on mobile phones.In the October to December quarter, net income fell 28 per cent to 5.84 billion yuan ($957 million), or 37 cents per share, from 8.27 billion yuan a year ago. Excluding one-time stock option and other costs, earnings totalled 81 cents per share. That beat analyst expectations of 75 cents per share, according to a survey by FactSet.But revenue during the crucial holiday quarter was disappointing. Although revenue climbed to 26.18 billion yuan ($4.22 billion) from 18.75 billion yuan, it fell short of expectations for $4.44 billion.Alibaba’s users increased use of its platforms like Taobao Marketplace and Tmall.com on their mobile phones. Annual active buyers rose 45 per cent in 2014 to 334 million, while mobile monthly active users rose 95 per cent in 2014 from 136 million to 265 million.Addressing the Chinese report In a call with analysts on Thursday, the vice chairman Joe Tsai said the company believed the report is flawed and unfairly targeted Alibaba. Some analysts have said Alibaba should have disclosed that meeting in its IPO filing, but Tsai said that the meeting with regulators in July was one of many regular meetings “in the normal course of business,” rather than a formally announced investigation.“We believe the flawed approach taken in the report, and the tactic of releasing a so-called ‘White Paper’ specifically targeting us, was so unfair that we felt compelled to take the extraordinary step of preparing a formal complaint to the SAIC,” he said. He also said that the SAIC, a Chinese government regulator, has removed the report from its Web site.Tsai said the company was devoting more resources to the “fight against fakes” but said it had more work to do. “In the global e-commerce marketplace there will always be people who seek to conduct illicit activities, and like all global companies in our industry, we must continue to do everything we can to stop these activities.”Its shares fell $8.59, or 8.7 per cent to $89.86 in midday trading. read more