At least 15 people were killed and several injured after a popular funicular railway derailed in Lisbon, Portugal https://t.co/JDaCMc2JpF ...

Core Viewpoint - Future FinTech Group Inc. has entered a joint venture with Innovatelab LLC to commercialize the 'Vacuum Parcel' technology for ultra-high-speed rail transportation, which is expected to revolutionize the industry [1][2]. Company Summary - Future FinTech Group Inc. holds a 55% equity position in the joint venture, while Innovatelab LLC holds 45% [1]. - The company will be responsible for investment capital and external financing, while Innovatelab LLC will focus on technology and R&D [1]. - The CEO of Future FinTech, Mr. Li Hu, emphasized the growing global demand for high-speed rail and the potential of Dr. Liu's invention to meet these needs [6]. Industry Summary - The new rail system aims to achieve operational speeds comparable to aircraft by utilizing pipelines as operational tracks, addressing the technical challenge of reducing drag in low-vacuum pipelines [2]. - The technology is expected to be significantly more cost-effective than existing high-speed rail systems and will enhance safety and effectiveness in rail transit [2]. - The joint venture's technology differs from Elon Musk's Hyperloop system by using an open pipeline to create a vacuum-wrapped state, allowing for low air resistance and high speeds [4]. - Dr. Marvin Liu, the inventor of the technology, has over 20 years of research experience and holds a patent for the invention [5]. - The project will be implemented step-by-step, including model testing and system integration, to ensure commercial feasibility [6].

Climate Change Impact - UK farmers are experiencing extremely hot summers, potentially the hottest on record, mirroring a global trend of rising temperatures and prolonged heat waves [1] - Older subway systems, particularly those built a century ago, struggle to adapt to increasing heat due to outdated infrastructure [2][4][5] Infrastructure Challenges - Adding air conditioning to old, deep, and narrow subway tunnels, like those in London and Paris, is proving difficult [5] - Subway systems themselves contribute to tunnel heat, notably from braking trains [6] Adaptation Strategies - Cities are adopting different approaches to manage heat, with some, like Tokyo and Beijing, using air-conditioned subway carriages and platforms [3] - Beijing features colder subway carriages for business professionals in formal attire [4]

Amtrak began operating its new high-speed train fleet on Thursday along the Northeast Corridor linking Washington, New York and Boston, a $2.35 billion project that was delayed for years. The NextGen Acela trains can hit speeds of up to 160 miles per hour, have free WiFi, power outlets and reading lights. The roll-out was originally scheduled for 2021, but was held up by testing complications, infrastructure constraints and other disruptions related to the Covid-19 pandemic. -------- More on Bloomberg Telev ...

Amtrak began operating its new high-speed train fleet on Thursday along the Northeast Corridor linking Washington, New York and Boston https://t.co/QV7HtRtyhC ...

US Department of Transportation plans to take over Union Station in Washington, DC.https://t.co/WYktUlRZjO ...

US Department of Transportation plans to take over Union Station in Washington, DC.https://t.co/YnK99NFMeb ...

Workers on London’s Underground train network are planning a seven-day strike next month to seek better pay and conditions, the tube union says. https://t.co/AxwwnbUGy9 ...

Hong Kong's mega rail projects that will upgrade connections with Shenzhen are gaining momentum. Here's what that could mean for the future of commutes. https://t.co/wzNs9PX7v0 ...

Amtrak has been promising that an upgrade to its signature Acela high speed service along the Northeast Corridor was on the horizon. It finally is, set to debut at the end of the month. (Photo: Amtrak)https://t.co/Yg03wLXY1V https://t.co/763gbzlflo ...