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AP Business SummaryBrief at 11:08 a.m. ESTPhotons are massless quantum particles that form light. They travel at incredible speeds and interact with various forms of matter. The emission of photons from atoms and molecules can lead to an unlimited number of interactions and possibilities. A new study from the University of Birmingham (UoB) researchers presents a model that explains the interaction between photons and their emitter. Using the calculations from their model, the study authors also created a visual representation of a photon. “Our calculations enabled us to convert a seemingly insolvable problem into something that can be computed. And, almost as a by-product of the model, we were able to produce this image of a photon, something that hasn’t been seen before in physics,” Dr. Benjamin Yuen, first author of the study and a professor at UoB, said . The significance of photons in the quantum world In 1905, Albert Einstein first proposed that light is also made of particles, and in 1926, American chemist Gilbert Newton Lewis coined the term “photon” for such particles. Even after 100 years, scientists still don’t know how a photon actually looks and interacts with different elements of our environment. This is because these particles travel at the speed of light and don’t have a fixed position or a trajectory. While scientists have developed techniques to observe and manipulate photons, such as through experiments involving light detectors or using advanced equipment like high-speed cameras and particle accelerators — these methods only measure or visualize the effects of photons rather than the photons themselves. However, understanding a photon’s geometry, shape, and interactions with matter is crucial to gaining deeper insights into the science that governs the quantum world. For instance, a photon’s wave-particle duality governs how it interacts with matter, enabling phenomena like absorption, emission, and scattering. Similarly, an idea about their shape could enhance the precision of quantum technologies such as quantum photonics, communication, and cryptography. What promise does the new model hold? The mathematical model from the UoB team employs pseudomode expansion, a technique in quantum optics that simplifies studying how light interacts with matter in complex environments, like photonic crystals. Instead of modeling the whole environment in detail, this approach uses a few simplified modes (pseudomodes) to represent the environment’s main effects on the system. This makes the analysis easier while still capturing the important interactions. The model successfully explains the interaction between photons and different quantum emitters (QEs), such as atoms, quantum dots (nanometers-scale particles that act like artificial atoms), and fluorescent molecules. However, it doesn’t stop here; it also sheds light on both the near-field and far-field energies resulting from such interaction. “This work helps us to increase our understanding of the energy exchange between light and matter, and secondly to better understand how light radiates into its nearby and distant surroundings,” Yuen said. “Lots of this information had previously been thought of as just ‘noise’ – but there’s so much information within it that we can now make sense of, and make use of. By understanding this, we set the foundations to be able to engineer light-matter interactions for future applications, such as better sensors, improved photovoltaic energy cells, or quantum computing,” he concluded. The study is published in the journal Physical Review Letters .Chau Evita? Milei officials eyes demolition of iconic Buenos Aires building
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NEW YORK (AP) — U.S. stock indexes got back to climbing on Wednesday after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve . The S&P 500 rose 0.8% to break its first two-day losing streak in nearly a month and finished just short of its all-time high. Big Tech stocks led the way, which drove the Nasdaq composite up 1.8% to top the 20,000 level for the first time. The Dow Jones Industrial Average, meanwhile, lagged the market with a dip of 99 points, or 0.2%. Stocks got a boost as expectations built that Wednesday’s inflation data will allow the Fed to deliver another cut to interest rates at its meeting next week. Traders are betting on a nearly 99% probability of that, according to data from CME Group, up from 89% a day before. If they’re correct, it would be a third straight cut by the Fed after it began lowering rates in September from a two-decade high. It’s hoping to support a slowing job market after getting inflation nearly all the way down to its 2% target. Lower rates would give a boost to the economy and to prices for investments, but they could also provide more fuel for inflation. “The data have given the Fed the ‘all clear’ for next week, and today’s inflation data keep a January cut in active discussion,” according to Ellen Zentner, chief economic strategist for Morgan Stanley Wealth Management. Expectations for a series of cuts to rates by the Fed have been one of the main reasons the S&P 500 has set an all-time high 57 times this year , with the latest coming last week. The biggest boosts for the index on Wednesday came from Nvidia and other Big Tech stocks. Their massive growth has made them Wall Street’s biggest stars for years, though other kinds of stocks have recently been catching up somewhat amid hopes for the broader U.S. economy. Tesla jumped 5.9% to finish above $420 at $424.77. It’s a level that Elon Musk made famous in a 2018 tweet when he said he had secured funding to take Tesla private at $420 per share . Stitch Fix soared 44.3% after the company that sends clothes to your door reported a smaller loss for the latest quarter than analysts expected. It also gave financial forecasts for the current quarter that were better than expected, including for revenue. GE Vernova rallied 5% for one of the biggest gains in the S&P 500. The energy company that spun out of General Electric said it would pay a 25 cent dividend every three months, and it approved a plan to send up to another $6 billion to its shareholders by buying back its own stock. On the losing end of Wall Street, Dave & Buster’s Entertainment tumbled 20.1% after reporting a worse loss for the latest quarter than expected. It also said CEO Chris Morris has resigned, and the board has been working with an executive-search firm for the last few months to find its next permanent leader. Albertsons fell 1.5% after filing a lawsuit against Kroger, saying it didn’t do enough for their proposed $24.6 billion merger agreement to win regulatory clearance. Albertsons said it’s seeking billions of dollars in damages from Kroger, whose stock rose 1%. A day earlier, judges in separate cases in Oregon and Washington nixed the supermarket giants’ merger. The grocers contended a combination could have helped them compete with big retailers like Walmart, Costco and Amazon, but critics said it would hurt competition. After terminating the merger agreement with Kroger, Albertsons said it plans to boost its dividend 25% and increased the size of its program to buy back its own stock. Macy’s slipped 0.8% after cutting some of its financial forecasts for the full year of 2024, including for how much profit it expects to make off each $1 of revenue. All told, the S&P 500 rose 49.28 points to 6,084.19. The Dow dipped 99.27 to 44,148.56, and the Nasdaq composite rallied 347.65 to 20,034.89. In the bond market, the yield on the 10-year Treasury rose to 4.27% from 4.23% late Tuesday. The two-year Treasury yield, which more closely tracks expectations for the Fed, edged up to 4.15% from 4.14%. In stock markets abroad, indexes rose across much of Europe and Asia. Hong Kong’s Hang Seng was an outlier and slipped 0.8% as Chinese leaders convened an annual planning meeting in Beijing that is expected to set economic policies and growth targets for the coming year. South Korea’s Kospi rose 1%, up for a second straight day as it climbs back following last week’s political turmoil where its president briefly declared martial law. AP Writers Matt Ott and Zimo Zhong contributed.
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Ltd, a global leader in the tea industry, has officially acquired Sorwathe Ltd, one of Rwanda's oldest tea companies. This milestone was marked by a management handover ceremony at Sorwathe Ltd in Kinihira Sector, Rulindo District, Northern Province on December 5. According to company officials, the acquisition marks the beginning of an exciting chapter for Sorwathe Ltd, promising new opportunities to strengthen and expand the legacy of excellence under the Chatterjee family leadership, who has over a century of experience in the global tea industry and that Luxmi Tea Co. Pvt. Ltd brings a legacy of heritage, sustainability, and quality that perfectly aligns with Sorwathe’ s values. ALSO READ: Top six buyers of Rwanda's popular tea For 50 years, Sorwathe Ltd, under Wertheim’s family, has been a pioneer in Rwanda’s tea industry, cultivating the country's finest teas across 2,130 hectares in partnership with smallholder farmers. Dipankar Chatterjee, Chairman of Luxmi Tea Co. Pvt. Ltd, delivered a heartfelt speech, sharing his family's century-long history in the tea industry. He said: “Luxmi will endeavour to take Sorwathe to new heights, praising the garden's potential and existing reputation for producing high-quality tea.” He emphasized that Luxmi Tea’s goal is to produce quality teas in Rwanda and across the world. He touched on the global demand for quality tea, noting that there is a global shortage of high-quality tea, emphasizing the opportunity that Sorwathe has to fill this gap. Rudra Chatterjee, Chairman of Silverback Tea Company and Managing Director of Luxmi Tea Co. Pvt. Ltd and The Honorary Consul for Rwanda in Eastern India, expressed his commitment to maintaining Sorwathe's tradition of producing high-quality teas while exploring opportunities for innovation and market expansion. He noted: “It is a company that has been run very well by the previous management, the Wertheim family, and we will build on that good work. Building not only on the quality of tea but also on the community for which the work of Sorwathe Foundation has been exemplary. Our team led by Nzeki Samuel Munyao will ensure that Sorwathe extends the value it creates for stakeholders. We take the privilege and the responsibility seriously.” Andrew Wertheim, Chairman of Tea Importers Inc. and former Chairman of Sorwathe, reflected on the company’s journey since its founding in 1975 by his father, Joe Wertheim. “His vision was to improve the lives of people in surrounding communities through tea. Over the years, we have seen tremendous achievements in community development, infrastructure, and education. This legacy is worth celebrating as we transition into a new chapter. We are confident that under the leadership of Luxmi Tea Co. Pvt. Ltd, given their experience both in India and in Rwanda, they'll be able to take Sorwathe to the next level and continue the success that has been made” His Excellency, The Indian High Commissioner to Rwanda, Mridu Pawan Das congratulated Rudra Chatterjee on taking over as the new leader of Sorwathé. The High Commissioner praised the Wertheim family's legacy, which spans over 50 years, and highlighted their contributions to the local community, including empowering 8,500 people. The High Commissioner also spoke about Luxmi Tea Co. Pvt. Ltd's proud legacy, dating back to 1912, and its presence in Indian states, including Assam. He expressed his happiness to see Indian businesses contributing to the India-Rwanda relationship and empowering the people of Rwanda. He also appreciated the good relationship between India and the United States of America. The Charge De Affairs of the United States of America Embassy in Rwanda John Armiger delivered a heartfelt speech to celebrate nearly 50 years of excellence in Rwanda's tea industry, specifically honoring Sorwathe, a renowned tea estate. The ambassador praised the Wertheim family's visionary leadership, which has made Sorwathe Rwanda's largest single-producing tea factory. As Sorwathe transitions to new ownership under Luxmi Tea Co. Pvt. Ltd of India. The speech expressed optimism for the future, emphasizing the importance of continued collaboration between US and Rwandan businesses to drive economic growth and shared prosperity. Emery Rubagenga, Chairman of Sorwathe Ltd, pointed out that the company was the first in Rwanda to introduce Orthodox, organic, and pesticide-free green tea, ensuring both customer satisfaction and environmental sustainability. On behalf of the Board, I express my deep gratitude to our employees, partners, and customers for their unwavering support and dedication. As we embark on this journey with renewed focus and energy, we reaffirm our commitment to quality, innovation, and community development,” he said. “Together, with Government of Rwanda support through NAEB, along with the vision and expertise of our new investors, we are poised to shape a brighter future for Sorwathé and the communities we proudly serve,” he added. The Vice Mayor of Rulindo District in charge of social affairs, Theophile Mutagana highlighted Sorwathe's critical role in uplifting local communities. “The factory operates in seven sectors: Base, Tumba, Cyungo, Rukozo, Kinihira, Gisaro, and Buyoga. It collaborates with communities in these sectors, where some individuals sell tea through cooperatives, while others are employed by the company. This highlights the factory's significance, as it enables the community to afford health insurance (Mutuelle de Santé), participate in the Ejo Heza savings scheme, and comply with other government policies,” he said. ALSO READ: Rwanda to directly export tea to Pakistani market According to the National Agricultural Export Development Board (NAEB), Rwanda’s tea industry has supported over 659 community projects since 2005, contributing significantly to rural development. These projects include schools, health centers, and water supply systems, underscoring the sector's role in improving livelihoods. Jean Nepo Nkurikiyinka, the Chairman of the Board of Directors for the Federation of Rwanda Tea Growing Cooperatives, emphasized that today’s management transition marks a special day for farmers. The welfare of farmers depends on strong partnerships with stakeholders, and according to the testimonials shared, Sorwathe has been a crucial player in improving their well-being and that of cooperatives. The Chairman acknowledged Sorwathe’s significant contributions, highlighting how farmers’ children are now able to attend school, improving the overall well-being of their families. “As FERWACOTHE, we welcome the new management with a promise of collaboration and hope for continued success in uplifting the lives of farmers” David Knopp, Director of The Wood Foundation Africa, congratulated Andrew and his family on the successful exit and legacy of Sorwathe. He also welcomed Luxmi Tea Co. Pvt. Ltd, the new owner, and praised their commitment to quality, integrity, and smallholder farmer development. Jotham Majyalibu, Chairman of the Rwanda Tea Association, welcomed guests to witness the transition of Sorwathe's management. He praised the new leadership for their vital role in the Rwanda Tea Industry and expressed hope that they will continue to make Rwanda proud, particularly in the production of quality teas and specialty teas. Atul Rastogi-Director Luxmi Tea Co. Pvt. Ltd appreciated the good work and great effort that has gone into making Sorwathe Ltd what it is today. He assured of the Company’s commitment to build on that legacy and move Sorwathe to greater heights for the benefit of all stakeholders. Nzeki Samuel Munyao, the CEO of Sorwathe Ltd thanked all those who were in attendance for joining them to celebrate the great legacy of Sorwathe Ltd and the management transition. He appreciated Veerendra Rawat, the Senior General Manager Sorwathe Ltd, Rahul Bedi the CFO Sorwathe Ltd and the entire team of Sorwathe Ltd for the good arrangement that made the celebrations a success. Claude Bizimana, the Chief Executive Officer of the National Agricultural Export Development Board (NAEB) commended the former management for its dedication, vision and the hard work that was paramount in shaping Sorwathe into a success story. He noted: “Sorwathe has contributed significantly to the agriculture sector in Rwanda and to the tea industry in particular. This strategic foresight and great commitment to quality and focus on sustainability have set an admirable benchmark for the entire industry. As we embrace this new leadership, I extend my warm welcome to the incoming leadership team and I'm confident that the expertise, energy and vision will propel it to even better heights.” Rwanda’s tea industry has grown steadily, with production increasing from 5,910 tonnes in 1980 to 40,003 tonnes by the financial year ending June 2024. The sector remains a vital contributor to Rwanda’s economy, with exports bringing in significant revenue and creating jobs for thousands of Rwandans. Sorwathe itself has over 2,400 workers. The event saw participation from many dignitaries including but not limited Company Directors, Leocadie Uwanyirigira, Chairman of ASSOPTHE, Innocent Ahoyankuye, the Secretary of the HOT Cooperative Board, Fidele Rwigema, Workers Representative Sorwathe, various bank representatives, among others.", "author": { "@type": "Person", "name": "Frank Ntarindwa" }, "publisher": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/", "sameAs": ["https://www.facebook.com/TheNewTimesRwanda/","https://twitter.com/NewTimesRwanda","https://www.youtube.com/channel/UCuZbZj6DF9zWXpdZVceDZkg"], "logo": { "@type": "ImageObject", "url": "/theme_newtimes/images/logo.png", "width": 270, "height": 57 } }, "copyrightHolder": { "@type": "Organization", "name": "The New Times", "url": "https://www.newtimes.co.rw/" } }
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