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Kallakurichi hooch tragedy: Death toll at 63

June 27, 2024 - 9:19am
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Monsoon showers hit Delhi; Heatwave wanes

June 27, 2024 - 8:38am
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China lunar mission fuels US misinformation

June 27, 2024 - 7:36am
A historic lunar mission has demonstrated China's growing scientific prowess, but the feat has set off a torrent of misinformation targeting the United States that researchers say reflects their bitter competition in space.China is celebrating the return of the Chang'e 6 probe to Earth on Tuesday bearing rock-and-soil samples from the little-known far side of the Moon, following a 53-day mission that reignited old conspiracy theories about NASA's Apollo Moon landings.AFP's fact-checkers have debunked a litany of Chinese-language posts suggesting NASA's historic mission in 1969 -- that first landed humans on the Moon -- was staged as well as posts misrepresenting decades-old photos from subsequent landings.The falsehoods, researchers say, risk stoking anti-US perceptions in China amid already fraught relations between Washington and Beijing, as the superpowers engage in an intensifying space race."There is undeniably a great power rivalry in space between the US and China, and any kind of misinformation about the activities by either country is concerning," Saadia M. Pekkanen, from the University of Washington, told AFP."It is yet another way that the potential for space diplomacy can be negated in the geopolitical competition between the two countries."When China's National Space Agency released a photo of a stone-made Chinese flag erected on the Moon's far side by Chang'e-6 in early June, users on social media platform X compared it with an image of NASA astronaut Harrison H. Schmitt standing next to a US flag on the lunar surface in 1972.Posting to tens of thousands of followers, they falsely suggested the Apollo 16 mission must have been staged because Schmitt's cloth flag was pictured being "blown" by the wind -- despite NASA's explanation that it used a horizontal bar to hold it upright.InsecurityPosts comparing the images on China's Weibo platform attracted a flood of comments, with one user with more than 13 million followers writing that the photos proved that "Americans did not land on the Moon".Other users shared a photo of the German band Rammstein dressed as astronauts with their helmets off, with one sarcastic caption on Weibo reading: "Now you believe that the US moon landing was real."Decades-old photos from NASA's Apollo missions in the late 1960s and early 1970s have also been recycled by social media users claiming they were actually from China's groundbreaking lunar mission.Beijing has poured huge resources into its space programme over the past decade in a bid to close the gap with the United States and Russia.China aims to send a crewed mission to the Moon by 2030 and plans to build a base on the lunar surface, while the United States is also planning to put astronauts back on the Moon by 2026 with its Artemis 3 mission. It was not clear whether the misinformation was fuelled by Chinese state-backed actors, but the rapid spread on tightly controlled social networks has raised questions about their possible support or involvement."Beijing sometimes lets anti-American sentiments and false information run rampant on the Chinese internet, to allow for an escape valve for domestic tensions, and to modulate Chinese citizens' views," Isaac Stone Fish, chief executive of China-focused data company Strategy Risks, told AFP."Allowing conspiracy theories on the US moon landing to fester may reflect insecurity on Beijing's part on the space race between China and the United States."Spread a lieResearchers say the misinformation campaign suggests a frequent tactic of recycling existing conspiracy theories to sow online distrust."There is large online community that is happy to talk about the moon landing conspiracy," Darren Linvill, from Clemson University, told AFP."If this audience can be harnessed to spread a lie that puts China in a more positive light, that is all the better for China."Chinese state media coverage strongly praising the Chang'e-6 probe's success has simultaneously been critical of the United States. Washington has warned that Beijing's space programme is being used to mask military objectives and an effort to establish dominance in space. The nationalist Global Times newspaper reported that the Chang'e-6 mission demonstrated China's "open and inclusive attitude toward international cooperation" in contrast to the United States, which it said was "busy chanting the 'China threat' in a so-called space race". Against this backdrop, AFP debunked Chinese-language posts on Facebook, Weibo, TikTok and its Chinese sister app Douyin quoting the White House press secretary as saying that the US and China landed on "different moons" after being asked why the Chang'e-6 found "no traces" of NASA's mission. The exchange was entirely fabricated. "Chinese people can be justifiably proud of their lunar module's historic trip to collect samples," Stone Fish said."They don't need to fall victim to the old conspiracy theory that the US has staged moon landings."
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Top tech and startup stories to read today

June 27, 2024 - 7:00am
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Sri Lanka reaches deal on debt restructuring

June 27, 2024 - 6:35am
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US, Japan, S Korea vow strategic cooperation

June 27, 2024 - 6:35am
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SBI raises Rs 10,000 cr via bond sales to fund infra projects

June 27, 2024 - 6:12am
Mumbai: State Bank of India on Wednesday raised ₹10,000 crore through a sale of infrastructure bonds, with the lender's first debt issuance of the current financial year witnessing firm demand from the investors.Separately, ICICI Bank is likely to carry out a sale of infrastructure bonds on June 28, with the private lender looking to raise up to ₹3,000 crore through 10-year securities, debt capital market sources said.SBI's infrastructure bonds, which mature in 15 years, bear a coupon - or rate of interest to be paid to investors - of 7.36%. The coupon rate represents a spread of 21 basis points over the corresponding government security yield published by the Financial Benchmarks India, the bank said on Wednesday.Within the banking sector, State Bank Of India's bonds typically bear the lowest coupons as investors perceive its debt issuances as low risk, given the bank's government ownership and status as the country's largest mass lender. State Bank of India received 143 bids in excess of ₹19,884 crore for the bond sale, which had a base size of ₹5,000 crore and a greenshoe option of ₹5,000 crore.Investors were across provident funds, pension funds, insurance companies, mutual funds and corporates, the bank said, adding that the proceeds of the bond would be used to boost funding to infrastructure and the affordable housing segment.Funds raised through infrastructure bonds, which have a minimum maturity of 7 years, are exempted from the maintenance of statutory liquidity ratio and cash reserve ratio, which are reserves that banks must maintain from their deposit base.Accounting for the latest issuance, the total outstanding long-term bonds issued by SBI stand at ₹49,718 crore, the bank said. State Bank of India had informed exchanges last week that its board had approved a proposal to raise funds worth up to ₹20,000 crore through long-term bonds.With bank credit growing at a faster pace than deposits, lenders face pressure to mobilise funds and finance the demand for loans. As on May 31, bank credit growth was at 16.1% year-on-year, while deposit growth was at 12.2% over the same period, latest Reserve Bank of India data showed. The data excludes the impact of the merger between HDFC and HDFC Bank.
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