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Search resuls for: "Reports On Breaking News In Australia"


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A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 13 (Reuters) - Negotiations over a stalled pay and conditions deal between Chevron and unions at its liquefied natural gas (LNG) facilities in Australia made progress on Friday, but fell short of sealing an agreement to end months of labour disputes at the major export sites. Friday's talks are the second round being mediated by the FWC within the past month. The unions halted weeks of strikes in late September at the facilities that supply around 6% of the world's LNG after an earlier round of talks produced a deal. Weeks later, however, the unions accused Chevron of reneging on certain commitments and said they would resume strikes on Oct. 19.
Persons: Friday's, Weeks, Lewis Jackson, Susanna R, Alasdair Pal, Miral Organizations: Reuters, Chevron, Handout, REUTERS, Rights, Thomson Locations: Wheatstone, Western Australia, Australia, Chevron, reneging, Europe, London
[1/5] Voters are seen at the ballot box at the Old Australian Parliament House, during The Voice referendum in Canberra, Australia, October 14, 2023. "I sincerely hope that Australians, when they walk into that ballot box today, vote 'Yes'," Albanese said in Sydney, according to a transcript. Supporters of the proposal believe entrenching an Indigenous Voice in the constitution would unite Australia and usher in a new era with its Indigenous people, who account for 3.8% of the population and are its most disadvantaged, by most socio-economic measures. Another voter and 'No' campaigner, Greg Mason, doubted the usefulness of an Indigenous Voice to Parliament. Constitutional change requires a majority of votes both nationwide and in at least four of the six states.
Persons: Tracey Nearmy, Anthony Albanese, " Albanese, Michael Mahoney, Sydneysider Geoff Sumner, Greg Mason, Stefica Nicol, Praveen Menon, William Mallard, Clarence Fernandez Organizations: Old Australian, House, REUTERS, Aboriginal, Australian, Stefica Nicol Bikes, Thomson Locations: Canberra, Australia, Sydney SYDNEY, Sydney, Torres, Melbourne, Perth, Beach
[1/3] PwC Australia Chief Executive Officer Kevin Burrowes listens during the inquiry into management and assurance of integrity by consulting services at Parliament House in Canberra, October 12, 2023. The global firm announced last month it had taken "appropriate action" against six staff outside Australia who received confidential information and should have raised questions. No confidential information was used for commercial gain, it said. Burrowes told senators PwC Australia had not been provided details about the international investigation and did not know where the staff worked or how they had been disciplined. An investigation by the U.S. accounting regulator, the Public Company Accounting Oversight Board (PCAOB), is underway and PwC Australia is providing further information to the body, a senior executive told parliament.
Persons: Kevin Burrowes, Mick Tsikas, PwC, Burrowes, Lewis Jackson, Sonali Paul Organizations: Australia, House, REUTERS Acquire, Rights, Police, PwC, Public Company, KPMG Australia, Thomson Locations: Canberra, U.S, PwC Australia
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSYDNEY, Oct 11 (Reuters) - Chevron and unions representing workers at its two liquefied natural gas (LNG) facilities in Australia made progress in talks over pay and conditions on Wednesday and would meet again on Thursday, a union representative said. With workers threatening to resume strikes from next week at the facilities that supply around 6% of the world's LNG, Chevron and unions were holding negotiations before Australia's industrial arbitrator, the Fair Work Commission. Unions halted weeks of strikes at Chevron's sites in late September after an earlier round of talks produced a deal. However, unions subsequently accused Chevron of reneging on certain commitments and said on Monday they would restart strikes on Oct. 19.
Persons: Lewis Jackson, Muralikumar Anantharaman, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Rights, AS, Thomson Locations: Wheatstone, Western Australia, Australia, Chevron, reneging
[1/4] Participants of a pro-Palestinian rally react outside the Sydney Opera House in Sydney, October 9, 2023. AAP Image/Dean Lewins via REUTERS Acquire Licensing RightsSYDNEY, Oct 10 (Reuters) - Australian police said on Tuesday they were investigating a pro-Palestinian protest outside Sydney Opera House, after footage emerged of a small group appearing to chant anti-Semitic slogans at the demonstration. Around 1,000 pro-Palestinian supporters marched through downtown Sydney on Monday evening to the city's iconic Opera House, which the government had illuminated in the colours of the Israeli flag following Saturday's attacks by Hamas which Israel says killed over 900. Unverified footage shared by the Australian Jewish Association and featured on Sky News appeared to show a small group outside the Opera House lighting flares and chanting "gas the Jews". Protest organiser Palestine Action Group Sydney defended its right to protest "apartheid" in Israel but said a small number of "vile antisemitic attendees" had no place in their movement.
Persons: Dean Lewins, Israel, Anthony Albanese, Lewis Jackson, Alasdair Pal, Michael Perry Organizations: Sydney Opera House, REUTERS Acquire, Rights, Sydney, Opera House, Gaza's Health, Australian Jewish Association, Sky News, Opera, Palestine, Group Sydney, Thomson Locations: Sydney, Australia, South Wales, Israel
Night-shift workers at Chevron's Gorgon and Wheatstone facilities voted to restart strikes in the afternoon meeting, the Offshore Alliance, a coalition of two unions, said in a statement. The unions accuse the U.S. oil giant of reneging on a deal that ended strikes last month. Reuters reported on Thursday, the bulk of workers at the facilities had voted to strike. Chevron must be given seven business days notice before strikes can begin and unions said they plan to file the notice on Monday. A union representative who declined to be named said there are no talks currently scheduled with Chevron.
Persons: Wheatstone, , Brad Gandy, Nilutpal, Lewis Jackson, Mark Potter, Sharon Singleton Organizations: Reuters, Chevron, Handout, REUTERS, Offshore Alliance, Thomson Locations: Wheatstone, Western Australia, U.S, Bengaluru, Sydney
Chevron/Handout via REUTERS Acquire Licensing RightsCompanies Chevron Corp FollowOct 5 (Reuters) - Chevron (CVX.N) has "reneged" on commitments made to Australia's industrial tribunal, unions representing workers at its two local liquefied natural gas (LNG) sites said on Thursday, weeks after both sides struck a tentative deal to end major strikes. Workers called off strikes less than two weeks ago after unions and Chevron accepted proposals on pay and conditions proposed by the country's industrial arbitrator. However, the Offshore Alliance, a coalition of two unions, said Chevron had "reneged" on its commitments. Members would meet on Thursday and Friday to discuss the issue, according to a statement posted on Thursday to social media. A union representative who declined to be named said they would recommend workers serve Chevron notice of intent to resume strikes.
Persons: Lewis Jackson, Urvi, Kim Coghill, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Companies Chevron Corp, Workers, Offshore Alliance, Commission, Thomson Locations: Wheatstone, Western Australia, Sydney, Bengaluru
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Workers called off strikes less than two weeks ago after unions and Chevron accepted proposals on pay and conditions proposed by the country's industrial arbitrator, the Fair Work Commission. However, the Offshore Alliance, a coalition of two unions, on Thursday said Chevron had "reneged" on its commitments. A union representative who declined to be named said they would recommend workers serve Chevron notice of intent to resume strikes. Chevron and unions had made progress drafting the agreement, but differences remained over issues like reimbursement for meals or travel for training, according to a second union representative involved in the negotiations.
Persons: Weeks, Lewis Jackson, Urvi, Kim Coghill, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Companies Chevron Corp, Workers, Offshore Alliance, Commission, Thomson Locations: Wheatstone, Western Australia, U.S, Sydney, Bengaluru
NEW ZEALAND OUT/File Photo/File Photo Acquire Licensing RightsSYDNEY, Oct 4 (Reuters) - An Australian constitutional referendum on Indigenous recognition is on track to be defeated amid strong opposition from older voters and those living outside cities, according to a poll published on Wednesday. Opposition is strongest among those in rural areas or on the outskirts of cities, where almost two-thirds of voters disapprove of the amendment, the YouGov poll found. A separate poll published on Tuesday showed a slight uptick in support for the proposal, with 43% intending to vote yes, compared to 49% for no. The referendum debate has divided opinions with supporters arguing the Voice will bring progress for Indigenous Australians, while some opponents say enshrining one group in the constitution would be divisive. Referendums are notoriously difficult to pass in Australia, with only eight referendums being approved since it became a country in 1901.
Persons: Lukas Coch, Amir Daftari, Lewis Jackson, Jamie Freed Organizations: Rights, Nations Australians, Indigenous, Thomson Locations: Canberra, Australia, Australian
SYDNEY, Oct 3 (Reuters) - A bushfire in Australia's Victoria state more than trebled overnight and authorities urged residents in a remote part of Tasmania state to evacuate as a spring heatwave fanned fires across the country's southeast. Across the Bass Strait in Tasmania state, residents on the northern edge of Flinders Island were told to evacuate from an out of control bushfire. Fires are being stoked by hot, dry winds across southeast as the country experiences an unseasonably hot spring. Australia began spring with its driest September on record, according to the Bureau of Meteorology, with rainfall 71% below the 1961-1990 average. Conditions are expected to change rapidly in Victoria Tuesday afternoon, with heavy rains expected to help douse fires but potentially trigger flash flooding.
Persons: Jason Heffernan, Heffernan, they're, Lewis Jackson, Richard Chang Organizations: SYDNEY, Country Fire Authority, Meteorology, Greater, Thomson Locations: Australia's Victoria, Tasmania, Victoria state's Gippsland, Bass, Flinders, Australia, Victoria, New South Wales, Greater Sydney Region, Sydney's
The latest Guardian Essential poll shows the yes vote rose two points to 43% over the past fortnight, while the no vote slipped two points to 49%. Prime Minister Anthony Albanese said on Tuesday that people tended to support the referendum once they understood the details of the proposal. Unlike New Zealand or Canada, Australia has no treaty with its Indigenous people, who make up about 3.2% of its population of 26 million. Indigenous groups were marginalized by British colonial rulers and are not mentioned in Australia's 122-year-old constitution. The referendum debate has divided opinion, with supporters arguing the Voice will bring progress for the Aboriginal community, while opponents say it would be divisive.
Persons: Rita Wright, Loren Elliott, Anthony Albanese, Albanese, They're, Lewis Jackson, Tom Hogue Organizations: Australian, REUTERS, Rights, Guardian, Triple M Hobart, Nations, New, Thomson Locations: Sydney, Australia, Tasmania, New Zealand, Canada
PwC sign is seen in the lobby of their offices in Barangaroo, Australia June 22, 2023. PwC Australia in May commissioned former Telstra CEO Ziggy Switkowski to review the firm's culture and governance after revelations a former partner had leaked confidential tax documents to colleagues to drum up work with global companies. Switkowski identified poor practices "uncorrected for many years", including a board stacked with longstanding PwC partners, a powerful CEO "not perceived to be accountable to the board" and a "whatever it takes" approach to making money. PwC Australia has not committed to releasing their reports publicly. PwC Australia said on Wednesday it would adopt, and in some cases already had, the report's 23 recommendations, which include appointing an external chief risk officer, revamping firm culture, and linking partner pay to ethical behaviour.
Persons: Lewis Jackson, Ziggy Switkowski, Switkowski, Kevin Burrowes, Switkowski's, Sonali Paul Organizations: REUTERS, Rights, PwC, Telstra, Facebook, Police, Thomson Locations: Barangaroo, Australia, PwC Australia
The logo of accounting firm PricewaterhouseCoopers (PwC) is seen on the top of a Brussels' office of the company, in Diegem, Belgium September 21, 2023. REUTERS/Yves Herman Acquire Licensing RightsSYDNEY, Sept 27 (Reuters) - PwC Australia will appoint outsiders to its board and publish audited financial statements as part of a governance overhaul to bring the partnership closer to public company standards following a scandal over the leak of confidential tax documents. PwC Australia will announce plans on Wednesday to apply some Australian Stock Exchange governance principles including appointing two non-executive directors and a non-executive chair to its board, according to excerpts of plans provided by PwC. The changes form part of PwC Australia's response to a months-long independent review into its governance and culture, which will be published in full on Wednesday. Australia said last month it would drastically toughen penalties against those who promote dodgy tax schemes and strengthen regulators in response to the scandal.
Persons: Yves Herman Acquire, Kevin Burrowes, Ziggy Switkowski, Lewis Jackson, Kim Coghill Organizations: PricewaterhouseCoopers, REUTERS, Rights, Facebook, Australian Stock Exchange, PwC, , Telstra, Thomson Locations: Brussels, Diegem, Belgium, Australia
Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSummaryCompanies Strikes end at Gorgon, Wheatstone LNG operationsUnions, Chevron accept proposals from industrial umpireUnions pushed Chevron to match Woodside pay dealSYDNEY, Sept 22 (Reuters) - An Australian union alliance on Friday called off strikes at Chevron's (CVX.N) two major local liquefied natural gas (LNG) projects, agreeing to resolve disputes that had threatened to disrupt around 7% of global LNG supplies. The union alliance and Chevron accepted proposals on pay and conditions from the country's industrial arbitrator for the Gorgon and Wheatstone LNG facilities, and workers suspended strikes that began two weeks ago. "The Offshore Alliance will now work with Chevron to finalise the drafting of the agreement and members will soon cease current industrial action," Offshore Alliance spokesperson Brad Gandy said in a statement. YEARS-LONG CAMPAIGNThe deal caps a years-long campaign by the Offshore Alliance for higher pay and better conditions at major Western Australian LNG sites. A 2022 agreement with Japan's Inpex at its Ichthys LNG operation set a benchmark for subsequent talks with Shell, Woodside and Chevron.
Persons: Brad Gandy, Japan's, Saul Kavonic, Yin, Renju Jose, Lewis Jackson, Alasdair Pal, Florence Tan, Shri Navaratnam, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Unions, Woodside, SYDNEY, Offshore Alliance, Woodside Energy, Shell, Energy, North West Shelf, Thomson Locations: Wheatstone, Western Australia, Australian, Chevron's, Woodside, Chevron, Australia, Sydney, Singapore
[1/2] A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. The union alliance and Chevron accepted proposals on pay and conditions from the country's industrial arbitrator for the Gorgon and Wheatstone LNG facilities, and workers were set to end strikes that began two weeks ago. "The Offshore Alliance will now work with Chevron to finalise the drafting of the agreement and members will soon cease current industrial action," Offshore Alliance spokesperson Brad Gandy said in a statement. No LNG shipments were disrupted by the industrial action, even after a fault at the Wheatstone plant. Energy analyst Saul Kavonic said the deal should see an end to most industrial action offshore Western Australia with union agreements, which last for around four years, now in place for most offshore LNG sites.
Persons: Brad Gandy, Saul Kavonic, Renju Jose, Lewis Jackson, Alasdair Pal, Florence Tan, Shri Navaratnam, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, Unions, Woodside, SYDNEY, Offshore Alliance, Woodside Energy, Energy, North West Shelf, Thomson Locations: Wheatstone, Western Australia, Australian, Chevron's, Australia, Sydney, Singapore
[1/2] A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. The agreement would resolve a wage fight that has roiled global gas markets since early August, amid fears strikes would disrupt output from Chevron's Gorgon and Wheatstone LNG projects that produce around 7% of the world's LNG supply. On Thursday, the Fair Work Commission (FWC), which has the power to impose a settlement, said it "strongly recommended" parties accept its proposals to end work stoppages. Chevron accepted arbitration terms late on Thursday to resolve all outstanding issues and finalise the agreements with the unions. No LNG shipments were disrupted by the industrial action, even after a fault at the Wheatstone plant.
Persons: Brad Gandy, Renju Jose, Lewis Jackson, Alasdair Pal, Shri Navaratnam, Sonali Paul Organizations: Reuters, Chevron, Handout, REUTERS, SYDNEY, Offshore Alliance, Woodside Energy, Thomson Locations: Wheatstone, Western Australia, Australian, Chevron's, Australia, Sydney
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. Chevron/Handout via REUTERS/File Photo Acquire Licensing RightsSummaryCompanies No changes to scheduled LNG deliveries, Chevron saysLNG exports continued over the weekend - LSEG EikonStrikes extended until mid-OctSYDNEY, Sept 18 (Reuters) - Chevron (CVX.N) said on Monday full production had resumed at its strike-hit Wheatstone liquefied natural gas (LNG) facility in Western Australia after a fault last week cut production by about one-fifth. "During (the fault), LNG continued to be produced at approximately 80% of usual rates, and vessel loading continued," a Chevron spokesperson said in an emailed statement. "There has been no change to scheduled LNG deliveries. Wheatstone has an export capacity of 8.9 million tonnes a year and Gorgon has an export capacity of 15.6 million tonnes a year.
Persons: Wheatstone, Eikon, Renju Jose, Lewis Jackson, Florence Tan, Muralikumar Anantharaman Organizations: Reuters, Chevron, Handout, REUTERS, Tanker, Offshore Alliance, Saturday, South, Thomson Locations: Wheatstone, Western Australia, SYDNEY, Japan, Australia, China, South Korea, Taiwan, Sydney, Singapore
Talks between Chevron and the workers' unions broke down last week without a deal, and the industrial action is scheduled to escalate to two weeks of 24-hour stoppages on Thursday. Chevron would have to demonstrate a sustained attempt to negotiate with unions for the tribunal to rule in its favour, he added. Strikes could actually demonstrate workers were so committed to bargaining that they were willing to stop work and forgo wages, she added. "Strike action is a legitimate form of action, workers have the right to do this," she said. Any party involved can contest a FWC ruling and seek judicial review, Charles Power, partner at law firm Holding Redlich said, although a court would not again hear the facts of the case.
Persons: Australia's, Steve Purvinas, Purvinas, Shell, Shae, McCrystal, Charles Power, Redlich, Lewis Jackson, Renju Jose, Alasdair Pal, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, CAN, Virgin Australia, Australian Licensed Aircraft Engineers ’ Association, Virgin, Offshore Alliance, Shell, University of Sydney, Thomson Locations: Wheatstone, Western Australia, Federal, Shell, Woodside, Inpex, Sydney
A view of Chevron-operated Gorgon project on Barrow Island, Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. “Unfortunately, following numerous meetings and conciliation sessions with the Fair Work Commission, no agreement has been reached as the unions are asking for terms significantly above the market," a Chevron spokesperson said in a statement. "Until we have some case law, until we get some Fair Work Commission decisions on how the laws work, we don't know (how long the process will take)," said Shae McCrystal, a professor of labour law at the University of Sydney Law School. A subsidiary of airline Virgin Australia made the only other application under these laws in June, local media reported. No talks are scheduled between unions and Chevron, according to the FWC website.
Persons: Shae McCrystal, Roushni Nair, Lewis Jackson, Jamie Freed, Michael Perry Organizations: Reuters, Chevron, Handout, REUTERS, Fair, University of Sydney Law School, Virgin Australia, Offshore Alliance, Thomson Locations: Chevron, Barrow Island, Australia, Chevron Australia, Melbourne, U.S, Bengaluru, Sydney
A general view of Chevron's Wheatstone LNG facility in Pilbara coast, Western Australia, as seen in this undated handout image obtained by Reuters on September 8, 2023. If there is still no deal by then, the unions will completely stop work for two weeks. Australia was the world's largest LNG exporter last year, shipping out 80.9 million metric tons of the fuel in 2022 versus 79 million tons in 2021, according to the International Gas Union. A prolonged strike could disrupt exports and raise prices of LNG, which is used for electricity generation. The same union alliance also secured agreements last year with Shell (SHEL.L) and Inpex (1605.T) at their LNG facilities in Western Australia.
Persons: Chevron, Wheatstone, Baden Moore, NAB's Moore, Emily Chow, Lewis Jackson, Florence Tan, Tony Munroe, Miral Organizations: Reuters, Chevron, Handout, REUTERS Acquire, Rights, NEXT, Unions, International Gas Union, National Australia Bank, NAB, Woodside Energy Group, WHAT'S, Woodside, North West Shelf, Shell, Thomson Locations: Wheatstone, Western Australia, Rights SINGAPORE, SYDNEY, Australia, Japan, South Korea, China, Taiwan, Asia, Europe, Ukraine, Inpex, Woodside
FILE PHOTO: The logo of Chevron is seen at the company's office in Caracas, Venezuela April 25, 2018. Australia is the world's biggest LNG exporter and its main buyers are in Asia. "Unfortunately, following numerous meetings and conciliation sessions before the Fair Work Commission, we remain apart on key terms," a Chevron spokesperson said. Brad Gandy, a spokesperson for the Offshore Alliance, said the union coalition had agreed "in good faith" to the mediated talks, "but after five days Chevron has barely budged". Energy analyst Saul Kavonic said the strikes appeared to be designed to put more pressure on Chevron to cut a deal rather than substantially affect production.
Persons: Marco Bello, Brad Gandy, ratcheting, Saul Kavonic, Renju Jose, Lewis Jackson, Leslie Adler, Jamie Freed, Miral Fahmy, William Mallard Organizations: Chevron, REUTERS, Rights, Woodside Energy, North West Shelf, Offshore Alliance, CHEVRON, Australian, South, Taiwan . Energy, Thomson Locations: Caracas, Venezuela, Australia, U.S, Asia, British, China, Japan, South Korea, Taiwan, Western Australia, Sydney
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken February 8, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Sept 6 (Reuters) - Workers at Chevron's (CVX.N) liquefied natural gas facilities in Australia have agreed to pause planned strike action for one day, hours before they were due to begin industrial action in an ongoing dispute that has rattled gas markets. Chevron confirmed the pause in an emailed statement minutes later and said unions had advised it of the roughly one-day delay. The Dutch October natural gas contract fell as much as 7.2% to 31.45 euros per megawatt hour (MWh) after news of the pause. Australia is the world's biggest LNG exporter and the ongoing dispute has stoked volatility in natural gas markets, as traders worry about the risk of long-term disruption.
Persons: Dado Ruvic, Chevron, Saul Kavonic, Australia's, Lewis Jackson, Emily Chow, Nick Zieminski, Tony Munroe Organizations: Chevron, REUTERS, Rights, Reuters, Fair, Thomson Locations: Australia, Perth, Chevron Australia, Sydney, Singapore
SYDNEY, Aug 31 (Reuters) - Australian gig workers will be able to negotiate for minimum pay and conditions under a new law to be introduced next week in parliament by the centre-left Labor government. The law will define "employee-like workers" in the gig economy, a catch-all term including those who deliver food or drive for apps like Uber (UBER.N) or DoorDash (DASH.N). However, the umpire will have discretion to vary standards between workplaces and the laws will not mandate uniform pay or conditions. The issue of how to qualify the legal status of gig economy workers is being debated in many countries. "We welcome the minister confirming his commitment to protect the flexibility gig workers rely on and value, an Uber spokesperson said in a statement.
Persons: Tony Burke, Burke, Uber, Lewis Jackson, Robert Birsel Organizations: SYDNEY, Labor, Thomson Locations: Australia, Canberra
A pedestrian carrying an umbrella walks along the River Thames in view of City of London skyline in London, Britain, July 31, 2023. REUTERS/Hollie Adams/File Photo Acquire Licensing RightsSYDNEY, Aug 25 (Reuters) - Australia's second-largest pension fund plans to open its first overseas office by mid-2024, its chief investment officer said on Friday, the latest retirement manager to look overseas as the country's pension sector outgrows the home market. The team will "almost certainly" be based in London and only be small because ART relies mostly on external managers, Patrick said, adding the office would likely open between now and mid-2024. A decision on a second overseas office would be made 12 to 24 months after the first opens. ART invests roughly two-thirds of all new money funds overseas.
Persons: Hollie Adams, Ian Patrick, Patrick, HarbourVest, Neuberger Berman, Lewis Jackson, Praveen Menon, Jacqueline Wong Organizations: REUTERS, Rights, Reuters, Stepstone, AustralianSuper, Nikkei, Thomson Locations: City, London, Britain, New York, China
A 3D printed natural gas pipeline is placed in front of displayed Chevron logo in this illustration taken February 8, 2022. Workers on Thursday voted to authorize the Offshore Alliance of unions to call a strike at Chevron's Gorgon and Wheatstone projects. In a Facebook post on Friday, the union alliance said of Chevron's senior management team: "Their stupidity is about to cost them $billions in lost production and profit." The Offshore Alliance, which combines the Maritime Union of Australia and Australian Workers' Union, must give Chevron seven working days' notice before a strike. The Offshore Alliance announced on Friday that workers had "overwhelmingly endorsed" the draft agreement in a meeting the previous evening.
Persons: Dado Ruvic, Wheatstone, Saul Kavonic, Renju Jose, Lewis Jackson, Cynthia Osterman, Kim Coghill Organizations: Chevron, REUTERS, Rights, Workers, Offshore Alliance, North West Shelf, Maritime Union of Australia, Australian Workers ' Union, South, Taiwan . Energy, West Shelf, Woodside, Thomson Locations: Chevron's, Australia, Woodside, Europe, China, Japan, South Korea, Taiwan, Woodside's, Dutch, Sydney
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