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SINGAPORE, Feb 21 (Reuters) - Chinese utilities and traders have stepped up purchases of Australian coal in February, encouraged by signs of further policy relaxation after trade partially resumed last month following a two-year hiatus. At least 15 vessels hauling about 1.4 million tonnes of February-loading Australian coal are bound for China, according to shiptracking data from Refinitiv and Kpler. Reuters GraphicsAnother more than 1 million tonnes of thermal coal have been booked to load in March, a senior trader with a state-run Chinese utility said. "In theory, firms who acquire the licence would be able to get their cargoes through customs," said another Chinese utility official. Chinese buyers may also face competition in Australian coal purchases as producers have pivoted their sales to other markets in China's absence.

SummarySummary Companies H1 profit misses estimateInterim dividend beats estimatePositive on demand outlook from ChinaStarts process to sell two Queensland met coal minesFeb 21 (Reuters) - Global miner BHP Group (BHP.AX) was positive about demand outlook through to fiscal 2024 as top metals consumer China reopens and shifts policy towards its debt-laden property sector, the company said on Tuesday after its 2023 first-half profit missed estimates. However, its interim dividend of 90 cents per share, while lower than last year's $1.50 per share, beat Vuma Financial's estimate of 88 cents. "We are positive about the demand outlook in the second half of fiscal 2023 and into fiscal 2024, with strengthening activity in China on the back of recent policy decisions the major driver," Chief Executive Officer Mike Henry said. But the reopening of the world's second-biggest economy and a property sector policy shift has BHP upbeat on the commodity demand outlook. However, in an environment where central banks are aggressively tightening their monetary policy, BHP expects its operating environment to remain volatile in the near term, but expects China to be a source of stability for commodity demand.

☆ Superyacht chef says life at sea serving the uber-rich is far from glamorous — from 'boat bites' and grueling 18-hour days to a guest who asked to 'heat the Adriatic'
▼ + stars: | 2023-02-19 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Former yacht chef Melanie White revealed what it's like to work at sea in a tell-all book. "We dwell on the threshold of the rich and famous," White wrote in a tell-all book about the industry that was released in October. Courtesy of Melanie WhiteIn the book, White breaks down the often grueling experience, which included working 18-hour days cleaning bathrooms and guest quarters. In the book, White compared her role to that of a fairy, magically and nearly invisibly doing tasks to please guests. Courtesy of Melanie White"The success of a business or boat lives and dies with the compatibility of the employees," White wrote.

☆ GE HealthCare Makes Push Into Artificial Intelligence
▼ + stars: | 2023-02-16 | by ( Melanie Evans | ) www.wsj.com time to read: 1 min

GE HealthCare hopes to tap into machine learning to help hospitals diagnose patients and assign beds, among other tasks. GE HealthCare Technologies Inc. is making a big bet on an important challenge in healthcare: collecting the disparate data on patients generated by machines and medical records and making it useful to hospitals. In pursuing a software platform that can help hospitals do things like find open beds and identify patients at risk for sepsis, GE HealthCare is taking on tech powerhouses such as Alphabet Inc.’s Google, Amazon.com Inc. and Microsoft Corp., which are already selling such services and bring the big-data and artificial-intelligence expertise the technology requires.

MELBOURNE, Feb 16 (Reuters) - Australia's Whitehaven Coal Ltd (WHC.AX) posted a more than five-fold jump in first-half profit on Thursday, aided by soaring coal prices, but paid a lower than expected dividend, sending its shares down. But Whitehaven announced an interim dividend of only 32 Australian cents per share, about 30% lower than Citi estimates and about 16 cents below Goldman Sachs' forecast. Whitehaven shares slid as much as 12.3% after news of the coal reservation scheme broke, before paring loses to A$7.88, down 3.8%. "We do think the structural underpinnings of the market are very positive, but in the short term, coal prices have come off quite a bit," Flynn added. Subsequently, the company kept its run-of-mine coal production guidance of between 19.0 million and 20.4 million tonnes for the 2023 fiscal year unchanged.

☆ ECB 50-basis-point hike in March a done deal, May and June undecided
▼ + stars: | 2023-02-16 | by ( Jonathan Cable | ) www.reuters.com time to read: +3 min

ECB President Christine Lagarde said at a news conference this month that the euro zone's central bank would add 50 basis points to the deposit rate. Economists took her at her word, with all 57 of them polled in the Feb. 10-15 period expecting a deposit rate hike to 3.00% at the March 16 meeting. The ECB will follow up on March's move with a further 25-basis-point lift next quarter, medians showed, giving a terminal deposit rate of 3.25% and a refinancing rate of 3.75%. In response to an additional question, an overwhelming majority - 26 of 28 - said the risk was the terminal deposit rate ends higher than they expect, rather than lower. Markets are currently pricing in a terminal deposit rate of 3.50%.

☆ ‘The Hard Road Out’ Review: A Prison Break Across Borders
▼ + stars: | 2023-02-14 | by ( Melanie Kirkpatrick | ) www.wsj.com time to read: 1 min

Thanks to the testimonies of North Koreans who have escaped their prison of a homeland in the past 25 years, the world is aware of the Kim-family regime’s atrocities against its own people. It is quite another to read personal accounts. “The Hard Road Out” by Jihyun Park and Seh-lynn Chai is the latest in a series of searing memoirs by North Koreans who beat the odds and reached safety in free countries. Ms. Park and her South Korean co-author relate Ms. Park’s awful story in clear-eyed, unsentimental prose. It is a gripping read.

BENGALURU/MELBOURNE, Feb 14 (Reuters) - Australia's iron ore giants BHP Group, Rio Tinto and Fortescue are set to report a steep drop in their earnings, which is set to compress their payouts to shareholders, after China's COVID lockdown drove down iron ore prices. Average realised prices for iron ore fell sharply in the six months to December, hitting earnings. First-half net profit at Fortescue, reporting on Feb. 15, is seen declining to $2.34 billion from $2.78 billion. Underlying half-year profit at Rio Tinto, which reports on a calendar year cycle, is seen declining 48% to $4.77 billion from $9.21 billion. Rio will report on Feb. 22.

☆ Iowa now has its own version of a 'Don't Say Gay' bill, requiring parental consent for nicknames that don't match a kid's 'biological sex'
▼ + stars: | 2023-02-14 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +5 min

Iowa lawmakers are considering a bill to limit gender identity and expression in the classroom. The bill is similar to Florida's "Don't Say Gay" legislation, which forbids discussion of gender expression, identity, and sexual orientation in kindergarten classrooms through third grade. The text of the "Don't Say Gay" bill specifies that such discussions are not "age-appropriate or developmentally appropriate for students." The Iowa law would prohibit the discussion of gender identity from kindergarten through third grade. Limits on gender expression in the classroom can create a culture of fear, she said.

☆ Australia denies permission for coal mine near Great Barrier Reef
▼ + stars: | 2023-02-08 | by ( Lewis Jackson | ) www.reuters.com time to read: +1 min

SYDNEY, Feb 8 (Reuters) - Australia's environment minister on Wednesday declined to grant permission for a new thermal coal project owned by mining magnate Clive Palmer near the Great Barrier Reef. The Central Queensland Coal owned mine is in the Styx Coal Basin, just off the coast of central Queensland. "I've decided that the adverse environmental impacts are simply too great," Environment Minister Tanya Plibersek said in a video posted to social media. "The mine is an open-cut coal mine less than 10 km from the Great Barrier Reef, and the risk of pollution and irreversible damage to the reef is very real." Central Queensland Coal did not immediately respond to a request for comment.

The analysis of power usage data by Reuters at some of the key mines in Peru, the world's no. The South American nation has been gripped by anti-government protests since the Dec. 7 ouster of leftist President Pedro Castillo. The power data from COES, which represents firms in Peru's energy sector, shows that nearly all major mines are drawing normal or near-normal levels of electricity. A combined index of six key mines is near normal. The other firms did not immediately respond to requests for comment about activity at their mines in Peru.

☆ McCarthy warns Republicans not to misbehave at State of the Union, promises no 'childish games' like Pelosi's infamous speech tearing moment
▼ + stars: | 2023-02-07 | by ( Oma Seddiq | Nicole Gaudiano | ) www.businessinsider.com time to read: +3 min

McCarthy swiped at Pelosi ahead of Biden's state of the union address on Tuesday. "We're not going to do childish games tearing up a speech," he told CNN. Pelosi infamously ripped up a copy of Trump's speech after his 2020 SOTU address. Pelosi made headlines when she ripped up a copy of Trump's speech after he delivered his third state of the union address three years ago. McCarthy, the newly elected House speaker, will take Pelosi's previous seat on the platform behind Biden during his address on Tuesday night.

MELBOURNE, Feb 6 (Reuters) - Global gold miner Newmont Corporation (NEM.N) has made an indicative $16.9 billion takeover offer for Australia's No. 1 goldminer Newcrest Mining Ltd. (NCM.AX), Newcrest said on Monday in a deal that would leverage both miners' operations in Australia and Canada. The offer price implies a premium of about 21% to Newcrest's last closing value of A$22.450, where Newcrest shareholders will receive 0.380 Newmont shares per every Newcrest share. "The Newcrest board, together with its financial and legal advisers, is considering the indicative proposal," the Australian gold miner said. The offer follows a rejected stock bid of 0.363 Newmont share per every Newcrest share, which the Australian gold miner consider "would not deliver sufficiently compelling value to Newcrest shareholders and on that basis".

☆ Why You Should Travel Abroad With Interior Designers
▼ + stars: | 2023-02-03 | by ( Antonia Van Der Meer | ) www.wsj.com time to read: +1 min

WHEN MELANIE BURNS of Oklahoma City first entered the Grand Bazaar in Istanbul, she was stunned by its sheer size and the pathways winding through its tented structures like a tangle of yarn. Though well-traveled and an old hand at hunting one-of-a-kind objets, she’d never experienced such an onslaught of potential riches. The duo led Ms. Burns to a shop layered deep behind other shops. “It was no more than about 14 feet square, and stacked high with the most beautiful hand-woven vintage tapestries I’ve ever seen,” Ms. Burns recalled. They are walking encyclopedias, they speak the language and when you shop with them, you don’t overpay.”

☆ Australian regulator to review short-seller report on India's Adani
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. REUTERS/Amit DaveSYDNEY, Feb 1 (Reuters) - Australia's corporate regulator said on Wednesday it will review a short-seller report that has flagged a wide range of concerns about India's Adani Group. Bravus, an Australian Adani Group company, said in a statement that the group "refutes all allegations" made in the Hindenburg report about its Australian operations and that it has publicly provided evidence to back up its stance. Adani Group's Australian businesses all comply with the law, a spokesperson said, adding that none had been contacted by ASIC or the Australian Tax Office about Hindenburg Research's allegations. The Hindenburg report "presents transactions related to Adani's Australian businesses in a misleading way to purposefully undermine the reputation of the Adani Group, in order to pursue their own profit by short-selling shares in Adani Group companies," the statement said.

☆ U.S. remains biggest destination for German exports for eighth year in a row
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Feb 1 (Reuters) - The United States remained the most important destination for German exports in 2022 for the eighth consecutive year. Exports of goods reached a record 156 billion euros ($169.31 billion) last year, according to Reuters calculations based on preliminary data from the German statistics office. German exports to the United States in 2022 were well above the previous record of 122 billion euros in 2021. German companies mainly supplied machinery, motor vehicles and automotive parts to the United States. Both the IfW and the DIHK assume that the United States will remain the most important customer for German goods for the foreseeable future.

☆ Australian securities regulator reviewing short-seller report on India's Adani
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +1 min

SYDNEY, Feb 1 (Reuters) - Australia's corporate regulator is reviewing a short-seller report that accused India's Adani Group of improper use of offshore tax havens to determine whether regulatory action is required, according to a spokesperson. "ASIC will review the allegations against Adani and determine whether further inquiries are warranted," a spokesperson for the regulator told Reuters on Wednesday. The Adani Group said in a statement that the Hindenburg report "presents transactions related to Adani’s Australian businesses in a misleading way to purposefully undermine the reputation of the Adani Group, in order to pursue their own profit by short-selling shares in Adani Group companies." "All our businesses are Australian companies that comply with Australian corporations and securities legislation," the statement said. On Tuesday, a crucial $2.5 billion share sale for the Adani Group was fully subscribed with foreign institutional investors and corporate funds taking part, although participation by retail investors was low.

☆ Australia aims for bigger fines a week into Outback hunt for radioactive capsule
▼ + stars: | 2023-02-01 | by ( ) www.reuters.com time to read: +3 min

[1/3] Members of the Incident Management Team coordinate the search for a radioactive capsule that was lost in transit by a contractor hired by Rio Tinto, at the Emergency Services Complex in Cockburn, Australia, in this undated handout photo. Department of Fire and Emergency Services/Handout via REUTERSSYDNEY, Feb 1 (Reuters) - Authorities in Australia will review laws that penalise the mishandling of radioactive material with a A$1,000 ($707) fine as a search for a hazardous capsule lost in the Outback enters a seventh day. The penalty for failing to safely handle radioactive substances is A$1,000 and A$50 per day the offence continues, according to state legislation from 1975. The silver capsule, 6 mm in diameter and 8 mm long, contains Caesium-137 which emits radiation equal to 10 X-rays per hour. Authorities suspect vibrations on the bumpy road loosened screws and a bolt on the gauge letting the capsule fall out.

☆ Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears
▼ + stars: | 2023-01-31 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

The latest euro zone growth numbers are out as the ECB considers what to do next. The euro zone beat expectations on Tuesday by posting positive growth in the final quarter of 2022 and reducing fears of a potential regional recession. Preliminary Eurostat data released Tuesday showed that the euro zone grew 0.1% in the fourth quarter. The latest figures come after the euro area posted a 0.3% GDP increase for the third quarter of last year. The euro zone is expected to have grown by 1.9% in the fourth quarter, compared with the same period of 2021, according to the preliminary data.

☆ Australia’s nuclear safety agency joins hunt for radioactive capsule
▼ + stars: | 2023-01-31 | by ( Melanie Burton | ) www.reuters.com time to read: +1 min

MELBOURNE, Jan 31 (Reuters) - Australia’s nuclear safety agency said on Tuesday it had joined the hunt for a radioactive capsule missing in the west of the country. Australian Radiation Protection and Nuclear Safety Agency (ARPANSA) is working with the Western Australian government to locate the capsule, it said in a statement. The capsule, believed to have fallen from a truck, was part of a gauge used to measure the density of iron ore feed which had been entrusted to a specialist contractor to transport. The loss may have occurred up to two weeks ago. Reporting by Melanie Burton in Melbourne Editing by Alasdair PalOur Standards: The Thomson Reuters Trust Principles.

The Department of Fire and Emergency Services said on Monday that it would take five days to retrace the road train's route. Authorities suspect vibrations from the road train caused the screws and a bolt from the gauge to come loose, and then the capsule fell out. A member of the Incident Management Team coordinates the search for a radioactive capsule that was lost in transit by a contractor hired by Rio Tinto, at the Emergency Services Complex in Cockburn, Australia, in this undated handout photo. Department of Fire and Emergency Services/Handout via REUTERSCenturion said in a statement that the capsule was dislodged from equipment contained in a crate. "The equipment can detect radiation emitted by the missing capsule and is currently being used around the Perth metropolitan area and outskirts."

☆ Explainer: How did a radioactive capsule go missing in Australia and how dangerous is it?
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: +2 min

SYDNEY, Jan 31 (Reuters) - Australian authorities are mounting an extensive search for a tiny radioactive capsule believed to have fallen out of a road train - a truck with multiple trailers - that travelled 1,400 km (870 miles) in Western Australia. When it was unpacked on Jan. 25, it was found broken apart, with one of its four mounting bolts as well as screws and the capsule missing. Authorities suspect vibrations from the road train caused the gauge to break apart and the capsule fell out. The road train travelled from the mine in the state's remote Kimberley region and arrived at a storage facility in the suburbs of Perth on Jan. 16. The search involves at least five other government agencies including the Department of Defence, the police, the Australian Nuclear and Science Technology Organisation and the Australian Radiation Protection and Nuclear Safety Agency.

☆ Rio Tinto apologises after radioactive capsule lost in Australia
▼ + stars: | 2023-01-29 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Jan 30 (Reuters) - Rio Tinto Ltd's (RIO.AX) iron ore division chief Simon Trott apologised on Monday after a contractor hired by the mining giant lost a radioactive capsule in transit in Western Australia which sparked a radiation alert across parts of the state. We recognise this is clearly very concerning and are sorry for the alarm it has caused in the Western Australian community," Trott said in a statement. Early reports suggested the loss was not discovered for almost two weeks after the capsule left Rio's Gudai-Darri mine site. Rio said it was informed by the contractor the capsule was missing on Jan. 25. "We have completed radiological surveys of all areas on site where the device had been, and surveyed roads within the mine site as well as the access road leading away from the Gudai-Darri mine site," Trott said.

☆ Here's everything you need to know about the history and meaning of drag
▼ + stars: | 2023-01-28 | by ( Yelena Dzhanova | ) www.businessinsider.com time to read: +8 min

Drag culture has centuries of history behind it, from Ancient Greece to the Harlem Renaissance. Here's a guide to drag culture in the US and how what it means today. But in drag, cis men don't have to present as women, and cis women don't have to present as men. But at the end of the day, Giuliani wasn't actually participating in drag culture, Walsh said. There's been a lot of grassroots-level organization around drag recently, Walsh said, partly in response to the uptick in violence against drag culture.

The play “Crystal City 1969,” first staged in 2009 in Dallas, was performed for the first time in San Antonio last weekend at the Guadalupe Cultural Arts Center. Student walkout in Crystal City, Texas, on Dec. 20, 1969. Growing up in a Mexican American household, he spoke no English. The effect of that sort of discrimination was to tell Mexican American and Mexican students that their language, their culture, was worthless, valueless and something to be ashamed of, Garcia said. Rodriquez attended one of the performances of "Crystal City 1969" over the weekend.

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