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The path to financing the world's transition to green energy remains unclear. Financing the green energy transition is a trillion-dollar question. AdvertisementThe Deloitte Financing the Green Energy Transition report outlines some core financial levers, starting with a fundamental financial principle: the riskier the project, the higher the cost of capital. The report estimates that getting this right could ultimately reduce financing costs by around $50 trillion by 2050. So, what are the associated risks, and what steps can we take to mitigate them and, consequently, reduce financing costs?
Persons: Jennifer Steinmann, Pradeep Philip Organizations: Service, Deloitte Global Sustainability, Economics Locations: Dubai
The Secrets to Charlie Munger’s Success
  + stars: | 2023-11-28 | by ( Jason Zweig | ) www.wsj.com   time to read: 1 min
Charlie Munger in 2019 at his home in Los Angeles. Photo: Michael Lewis for The Wall Street JournalBusiness and financial leaders made frequent pilgrimages to Los Angeles to hear Charlie Munger ’s thoughts as he held court while peering through thick eyeglasses over high, rosy cheekbones. Among the attendees at his weekly “Friday lunch club” and periodic dinners were John and Patrick Collison , founders of the online payment firm Stripe; Bobby Kotick , chief executive of videogame company Activision Blizzard ; Pradeep Khosla , chancellor of the University of California, San Diego; Maria Pope , chief executive of Portland General Electric , Oregon’s largest utility; and Howard Marks , co-founder of investment firm Oaktree Capital Management.
Persons: Charlie Munger, Michael Lewis, Charlie Munger ’, John, Patrick Collison, Bobby Kotick, Pradeep Khosla, Maria Pope, Howard Marks Organizations: The Wall Street Journal, Activision Blizzard, University of California, Portland General Electric, Oaktree Capital Management Locations: Los Angeles, San Diego, Portland
The promise and risks of deep-sea mining
  + stars: | 2023-11-15 | by ( ) www.reuters.com   time to read: +13 min
The promise and risks of deep-sea mining A vast treasure of critical minerals lies on the ocean floor. All of these factors make deep-sea mining more appealing, supporters say. Environmentalists, however, say it’s a false dichotomy, as land mining will continue whether or not deep-sea mining is allowed. Any country can allow deep-sea mining in its territorial waters, and Norway, Japan and the Cook Islands are close to allowing it. For now, the ISA's members are hotly debating the best standards for deep-sea mining.
Persons: Gerard Barron, Margo Deiye, “ We’re, , Barron, , Beth Orcutt, Jason Gillham, Joe Carr, Pradeep Singh, Kira Mizell, Julia Wolfe, Katy Daigle, Claudia Parsons Organizations: International Energy Agency, P Global, Authority, United Nations, ISA, Metals Co, Russia's JSC, Blue Minerals, Exploration, Metals, Clarion, Companies, U.S . Geological Survey, Benchmark Mineral Intelligence, The Metals Co, Northwest, Maine's Bigelow Laboratory, Ocean Sciences, Impossible Metals, NOAA, Research, Aquarium Research, Bigelow Laboratory, Research Institute, Sustainability, . Geological Survey Locations: Brazil, Norway, Japan, Cook, Vancouver, Blue, Blue Minerals Jamaica, China, Hawaii, Mexico, Nauru, U.S, Russia, France, India, Poland, Tokyo, Monterey
TikTok app logo is seen in this illustration taken, August 22, 2022. TikTok has already been either partially or completely banned by other countries, with many citing security concerns. Nepal's Minister for Communications and Information Technology Rekha Sharma said the decision to ban TikTok had been made at a cabinet meeting earlier on Monday. "Colleagues are working on closing it technically," Sharma told Reuters. Nepal's neighbour India banned TikTok along with dozens of other apps by Chinese developers in June 2020, saying that they could compromise national security and integrity.
Persons: Dado Ruvic, China's, TikTok, Technology Rekha Sharma, Sharma, Purushottam Khanal, Khanal, Pradeep Gyawali, Gopal Sharma, Sakshi Dayal, Jason Neely, Alexander Smith Organizations: REUTERS, Nepal's, Communications, Technology, Reuters, Nepal Telecom, Communist Party of Nepal, Marxist, Thomson Locations: Nepal, India, Pakistan
Gen Zers aren't eager for promotions, partly because they believe management is unfulfilling. Gen Zers crave support, clarity on goals, a realistic career path. But actually, that's not the dream of many Gen Zers. For many Gen Zers, it can be easy to look at their managers and think, "No, thanks." The consultancy also found that Gen Zers think meaningful work is just as important as workplace flexibility when they're considering a job opportunity.
Persons: Zers aren't, Zers, , that's, Emily Rezkalla, Rezkalla, she'd, Zers —, it's, Pradeep Philip, Philip, Gen, we've, they're, Rod Thill, he's, Thill, TikTok Organizations: Service, Deloitte, Economics, McKinsey
Gen Z, on the heels of the pandemic, is pushing for changes to how we work. Workers across generations are benefitting from some of the questions Gen Z has been asking. AdvertisementAdvertisementThanks, Gen Z. Gen Zers aren't likely to get everything they're asking for — at least not right away. And even workplace jargon — that code for showing you belong because you know how to toss it around — is getting a Gen Z rewrite .
Persons: Gen Z, , Zers aren't, Pradeep Philip, Philip, That's, Nicole Kyle, Zers, Brynn Anderson, who've, Alex Soojung, Kim Pang, Pang, we've, Read, Zer, Gen Organizations: Workers, Service, Deloitte, Economics, CMP Research, United Auto Workers, Detroit, UPS, Associated Press, UAW, didn't Locations: America
The Lhonak Lake in the mountainous northeastern state of Sikkim overflowed on Wednesday after a cloudburst triggered torrential rains and an apparent avalanche, causing major flooding in the Teesta river. Sikkim officials had put the death toll at 18 on Thursday evening. Officials in the neighbouring downstream state of West Bengal told Reuters that emergency teams recovered another 22 bodies that had been washed away. Relief teams are unable to reach the affected areas there," Tseten Bhutia, a state official, told Reuters by telephone. All bridges downstream of an NHPC (NHPC.NS) hydropower station Teesta-V have either been submerged or washed away, the Indian government said.
Persons: Bhutia, Pradeep Kumar Barma, Jatindra, Shivam Patel, YP Rajesh, Michael Perry Organizations: Indian Army, India Army, REUTERS Acquire, Reuters, Mobile, Private, Military, India Meteorological Department, YP, Thomson Locations: Sikkim, KOLKATA, DELHI, Asia's, West Bengal, Nepal, Bhutan, China, Siliguri, Bhubaneswar
AdvertisementAdvertisementPicoflares could be the source of the solar wind that's blasting EarthAn animation of the solar wind shows particles streaming from the sun towards Earth. That stream, called the "solar wind," gets supercharged when coronal holes or big solar flares are pointed at our planet. Seeing the sun up close, at smaller scales, could reveal its secretsImages from the Solar Orbiter are the closest ever taken of the sun. "Jets, in general, have previously been observed in the solar corona," Chitta, who led the Solar Orbiter study and a team at Max Planck Institute for Solar System Research, told Space.com. NASA/SDONASA and the ESA launched Solar Orbiter in 2020, with a goal of studying these winds at their source.
Persons: Lakshmi Pradeep Chitta, NASA's Parker, Chitta, Space.com, it's, Andrei Zhukov Organizations: Service, Orbiter, Solar Orbiter, NASA Solar Dynamics, NASA, Lights, EUI Team, ESA, CSL, MPS, UCL, Probe, Jets, Solar, Max Planck Institute, Solar System Research, European Space Agency, Royal Observatory of Locations: Wall, Silicon, Royal Observatory of Belgium, Brussels
CNN —The Solar Orbiter mission has discovered jets of material rapidly releasing from the sun’s outer atmosphere. An artist's concept shows the Solar Orbiter spacecraft circling the sun. The advanced instruments aboard Solar Orbiter, as well as NASA’s Parker Solar Probe, are helping to unlock the biggest mysteries that remain about the sun. The sun’s magnetic field is so massive that it stretches beyond Pluto, providing a pathway for solar wind to travel directly across the solar system. Solar Orbiter works in tandem with Parker Solar Probe, which is orbiting the sun on a seven-year mission after launching in August 2018.
Persons: , , Lakshmi Pradeep Chitta, Max Planck, NASA’s Parker, Andrei Zhukov, ESA’s Daniel Müller, Parker Organizations: CNN, Orbiter, NASA, European Space Agency, Solar, ESA, Max, Max Planck Institute, Solar System Research, Probe, Space, Royal Observatory of, Solar Orbiter, Parker Locations: Germany, Royal Observatory of Belgium
The sun as seen by the Solar Orbiter spacecraft in extreme ultraviolet light in this mosaic of 25 individual images taken on March 7, 2023, by the high resolution telescope of the Extreme Ultraviolet Imager (EUI) instrument. New observations by the Solar Orbiter spacecraft may provide an answer. "Unlike the wind on Earth that circulates the globe, solar wind is ejected outward into interplanetary space," Chitta said. "Earth and the other planets in the solar system whiz through the solar wind as they orbit around the sun. "This finding is important as it sheds more light on the physical mechanism of the solar wind generation," said solar physicist and study co-author Andrei Zhukov of the Royal Observatory of Belgium.
Persons: Lakshmi Pradeep Chitta, Max Planck, Chitta, Andrei Zhukov, Eugene Parker, Zhukov, Will Dunham, Rosalba O'Brien Organizations: Solar Orbiter, Solar, Max Planck Institute, Solar System Research, European Space Agency, NASA, Orbiter, Royal Observatory of, Thomson Locations: WASHINGTON, Germany, U.S, Royal Observatory of Belgium, American
New Delhi, India CNN —Flooding has caused a temple to collapse in the Northern Indian state of Himachal Pradesh on Monday, killing nine people and leaving up to 25 others trapped in the rubble. Heavy rains have killed a further seven people elsewhere in the state. Five people have been rescued but around 20 to 25 people remain trapped, with rescue efforts under way, he added. Rescuers remove mud and debris as they search for people feared trapped after a landslide near a temple on the outskirts of Shimla, Himachal Pradesh state, Monday, August 14, 2023. Himachal Pradesh, has been one of the worst-affected states in this monsoon season.
Persons: Sukhvinder Singh Sukhu, Sukhu, Pradeep Kumar, , , ” Sukhu Organizations: India CNN, Traffic, Indian Meteorological Department Locations: Delhi, India, Northern Indian, Himachal Pradesh, Shimla, Solan
It then went public in 2021 through a special purpose acquisition company, or SPAC, and is looking to establish deep sea mining as a business. "Voices against deep sea mining have never been so loud — from the fishing sector to financiers, indigenous peoples, scientists and big business." In addition, the findings of the study do not mean that Benchmark is endorsing deep sea mining, she added. Deep sea mining won't replace land-based mining, but rather will simply add another source of minerals, she said in March. Regardless, Singh says, there is a lot of work yet to be done by members of the council to establish regulations before any deep sea mining commences.
Persons: Gerard Barron, Carolyn Cole, it's, Amon, That's, Louisa Casson, Charlotte Selvey Miller, Miller, that's, Barron, Kannah, Pradeep Singh, It's, Singh, Allseas, Organizations: The Metals Company, Los Angeles Times, Authority, ISA, Metals Company, Maersk, CNBC, Greenpeace, Company, Benchmark Mineral Intelligence, Benchmark, Democratic, PT Vale Indonesia, . Geological Survey, Metals, Mining, Darton Commodities, Afp, Getty, International Union for Conservation of Nature Locations: Clarion, San Diego, Norway, Mexico, United Kingdom, Texas, Canada, Indonesia, Russia, Democratic Republic of the Congo, Sorowako ., Amon, Kolwezi, Shabara, Congo, Pacific, Nauru, Tonga, Kiribati
Milk and vegetable retailer Mother Dairy has seen a 300% jump in tomato puree sales in the last 15 days in New Delhi, a spokesperson said. Amazon said demand for tomato puree on its platform rose five times over the past month, while ketchup sales rose 30%. Packs of puree typically contain around 40% tomato paste and the rest water, and cost 130 rupees/kg. Google Trends data shows the number of online searches for terms "tomato puree" and "tomato puree 1kg price" in recent weeks in India have been highest in the last five years. Food sellers - big and small - are battling high tomato prices.
Persons: Dairy, BigBasket, Seshu Kumar, Pravieen Sridhar, Price, gesturing, Pradeep Shetty, Raj Kumar, Riddhima Talwani, Aditya Kalra, Kim Coghill Organizations: Google, Restaurant Association of Western, Thomson Locations: DELHI, New Delhi, Indian, Chennai, India, Birju, Restaurant Association of Western India, Delhi
Nearly 1,200 people were injured when a passenger train hit a stationary freight train, jumped the tracks and hit another passenger train passing in the opposite direction near the district of Balasore. The drivers of both passenger trains were injured but survived, she said. RESTORATIONWorkers with heavy machinery were clearing the damaged track, wrecked trains and electric cables, as distraught relatives looked on. More than 1,000 people were involved in the rescue, the Railway Ministry said on Twitter. "The target is by Wednesday morning the entire restoration work is complete and tracks should be working," Vaishnaw said.
Persons: Pradeep Jena, Ashwini Vaishnaw, Narendra Modi, stringently, Modi, Jaya Varma Sinha, Stringer, Sinha, Vaishnaw, Kanchan Choudhury, Jatindra Dash, Rajesh, Jayshree Upadhyay, Ira Dugal, Robert Birsel, Sonali Paul, William Mallard, Nick Macfie Organizations: Railways, India's Railway Board, Central Bureau of Investigation, Railway, Express, Railway Ministry, Twitter, Wednesday, Thomson Locations: BAHANAGA, India, Odisha, Balasore, Chennai, Kolkata, du, Inde, Howrah
June 3 (Reuters) - At least 233 people were killed and 900 were injured when two passenger trains collided in India's Odisha state, a government official said on Saturday, making the rail accident the country's deadliest in more than a decade. The death toll from Friday's crash is expected to rise, the state's Chief Secretary Pradeep Jena said on Twitter. Early on Saturday morning, Reuters video footage showed police officials moving bodies covered in white cloths off the railway tracks. [1/5] A drone view shows derailed coaches after two passenger trains collided in Balasore district in the eastern state of Odisha, India, June 3, 2023. Although Chief Secretary Jena and some media reports have suggested a freight train was also involved in the crash, railway authorities have yet to comment on that possibility.
Persons: Pradeep Jena, sobbed, Naveen Patnaik, Abinaya Vijayaraghavan, Akriti Sharma, Jatindra, Subrata Nag Choudhury, Edwina Gibbs Organizations: Twitter, Reuters, REUTERS, Stringer Authorities, Ministry of Railways, Jena, Force, Indian Railways, Thomson Locations: India's Odisha, Balasore, Howrah, Bangalore, Howrah , West Bengal, Kolkata, Chennai, Balasore district, Odisha, India, Odisha's, Bengaluru, Bhubaneswar
India’s Train Crash: What We Know
  + stars: | 2023-06-03 | by ( Alex Travelli | Victoria Kim | Erin Mendell | ) www.nytimes.com   time to read: +1 min
A train crash in eastern India on Friday was the country’s worst rail disaster in two decades, killing more than 230 people. The crash occurred when several cars of a train derailed and hit a second one, the train’s operator, South Eastern Railway, said in a statement. Local officials said that a third train, carrying freight, was ultimately involved, but details of this were not yet clear. One of the trains involved was a Shalimar-Chennai Coromandel Express train, according to South Eastern Railway. The Coromandel Express service has been known for connecting the biggest cities on India’s east coast at relatively high speed.
Persons: Pradeep Jena Organizations: Eastern Railway, Chennai Coromandel Express, South Eastern Railway, Express Locations: India, Balasore, Odisha, Shalimar, Chennai Coromandel, India’s
Two passenger trains and a goods train collided in an accident in the city of Balasore in Odisha state, according to a video statement by state chief secretary Pradeep Jena. Press Trust of India/APA view of a damaged compartment, following the deadly train collision in Balasore, India June 2, 2023. The train travels through India’s east coast, between West Bengal’s capital Kolkata to the South Indian city of Chennai. “Distressed by the train accident in Odisha. The following November, at least 39 people died and 50 others were seriously injured in a train derailment in the southern state of Andhra Pradesh.
Persons: Pradeep Jena, , , Mamata Banerjee, Narendra Modi Organizations: CNN, News18, , Jena, Twitter, Press Trust of, Indian, Local, AP India’s, Railways, Communications, Electronics, Information Technology, National Crime Records Locations: India, Balasore, Odisha, Balarore, Press Trust of India, Shalimar, Chennai Coromandel, West Bengal, India’s, West Bengal’s, Kolkata, Indian, Chennai, Uttar Pradesh, Andhra Pradesh
BHUBANESWAR/KOLKATA June 2 (Reuters) - At least 50 people were killed and 350 injured when two passenger trains collided in the eastern Indian state of Odisha on Friday, Indian media reported. The Coromandel Express, which runs from Kolkata to Chennai, collided with another passenger train, the Howrah Superfast Express, railway officials said. The Howrah Superfast Express derailed and became entangled with the Coromandel Express, South Eastern Railway authorities said in a statement. Media reports had earlier said that the crash was between the Coromandel Express and a goods train. Media reports said at least 50 people had died.
Persons: Pradeep Jena, Naveen Patnaik, Narendra Modi, Railways Ashwini Vaishnaw, Abinaya, Jatindra, Nag Choudhury, Shubhendu Satish Deshmukh, Andrew Heavens, David Holmes, Frances Kerry Organizations: Eastern Railway, Media, Coromandel, Reuters, REUTERS, Railways, Force, Thomson Locations: BHUBANESWAR, KOLKATA, Odisha, Kolkata, Chennai, Howrah, Balasore district, Balasore, India, Odisha's Bhubaneswar, West Bengal, Bengaluru
Rescuers work at the site of passenger trains that derailed in Balasore district, in the eastern Indian state of Orissa, Friday, June 2, 2023. Two passenger trains derailed Friday in India, killing at least 50 people and trapping hundreds of others inside more than a dozen damaged rail cars, officials said. The debris was hit by another passenger train coming from the opposite direction, and up to three coaches of the second train also derailed, Sharma said. In August 1995, two trains collided near New Delhi, killing 358 people in the worst train accident in India's history. More than 12 million people ride 14,000 trains across India every day, traveling on 64,000 kilometers (40,000 miles) of track.
Persons: Amitabh Sharma, Sharma, Kaleda, Dattatraya Bhausaheb Shinde, Pradeep Jena, Shinde, Narendra Modi, Modi Organizations: The Press Trust of India, New Delhi Television, Press Trust, Rescuers, The Press Trust, Indian Locations: Balasore district, Orissa, India, Kolkata, Balasore, Howrah, West Bengal, Chennai, Tamil Nadu, New Delhi
Proponents say that deep-sea mining there is a less damaging way to gather metals like nickel, copper, manganese and cobalt. Opponents of deep-sea mining say there is not enough information to make that kind of decision. Critics of the idea of deep-sea mining have said the process is being rushed. That's what's behind the drive for diversity of supply on land-based mining, as well as exploration of alternatives such as deep-sea mining." Finding consensus for the Wild West of the seaOpponents of deep-sea mining want to tap the brakes.
Of 187 internet shutdowns recorded worldwide, 84 took place in India, according to the report published Tuesday by Access Now, a New York based advocacy group that tracks internet freedom. India has the world’s second largest digital population, following China, with more than 800 million internet users. Pradeep Guar/Mint/Getty ImagesIn recent years, the government has repeatedly justified blocking internet access on the grounds of preserving public safety amid widespread fears of mob violence. Rest of the worldLast year saw more internet shutdowns worldwide than ever before, Access Now said, prompting the group to raise fears of “digital authoritarianism” as governments continue the trend. Apart from India, other countries that saw internet shutdowns last year include Ukraine, Iran and Myanmar.
Students come out after appearing in the Bihar Board class 10th examination at Bankipur Girl's High School on Feb. 14, 2023 in Patna, India. Santosh Kumar | Hindustan Times | Getty ImagesIn two months, India is projected to become the world's most populous country with over 1.4 billion people. "In the absence of latest census data, the estimations are based on data that is one decade old and is likely to provide estimates that are far from reality," Sharma said. The office of the Registrar General of India, which is responsible for the census, did not respond to a request for comment. Teachers' travailsThe United Nations has projected India's population could touch 1,425,775,850 on April 14, overtaking China on that day.
The world's fifth-largest economy is expected grow 6% in the fiscal year ending March 31, 2024, according to a survey by the Indian central bank this month. Importantly, conditions are better than not just the crippling slump during India's devastating COVID surge last year but also the anemic growth of the debt-saddled last decade. "If India does everything right, we could see significant foreign inflows in the next one to two years," said Sridhar Sivaram, investment director at Enam Holdings, a privately managed investment group. India's weight in the MSCI emerging market index has already risen from 8% in 2019 to 16% as of October 2022, said Sivaram. There is also hope that global corporations will diversify supply chains away from China, which would benefit India.
Oracle laid off as many as 200 employees in its cloud unit on Tuesday, two sources tell Insider. The cloud unit has largely been insulated from layoffs this year. Oracle's cloud unit on Tuesday laid off as many as 200 employees, according to two people familiar with the matter. The company has had layoffs throughout the year, but its important Oracle Cloud Infrastructure (OCI) unit has been insulated unit now. Oracle last week began layoffs in a separate cloud unit, North America Cloud Infrastructure & Technology (NACT) unit, according to internal emails viewed by Insider.
CNN —Netflix’s limited series “The Watcher” has people flocking to the neighborhood to see the real home and some residents are not happy about it. According to NJ.com, visitors are coming from far and wide to check out the house that inspired the series in Westfield, New Jersey. “I just thought I would come because of how interesting the story was,” the publication quoted Pradeep Soni who drove 25 minutes from his home to get a look. It is based on the true story of the Broaddus family who soon after purchasing the six-bedroom home began receiving anonymous letters that became more and more threatening. “We are all concerned for the family living there now and their neighbors,” resident Trish Dulinkski told NJ.com.
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