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☆ ‘The Woman in the Wall’ Review: Searching for a Daughter Taken by Nuns
▼ + stars: | 2024-01-19 | by ( Mike Hale | More About Mike Hale | ) www.nytimes.com time to read: +2 min

Then there’s the much more entertaining murder mystery, in which one or two people have been killed, or perhaps none. A priest once posted to Kilkinure is found dead in his Dublin home, and suspicion falls on the protesting women. At about the same time, Lorna hits her head in a pub and wakes up at home, to find a dead woman propped against the wall of her sitting room. Murtaugh, greatly abetted by Wilson, balances the heaviness of his material with a humor and a lightness of spirit that make “The Woman in the Wall” a brisk, engaging production. And the closing credits offer a bonus: a few bars of a haunting, unreleased number, “The Magdalene Song,” that Sinead O’Connor recorded shortly before her death which dovetails with Wilson’s performance.

Persons: Lorna, Wilson, Daryl McCormack, “, Leo Grande ”, Simon Delaney, Cillian Lenaghan, Murtaugh, — Murtaugh, Magdalene, ”, Sinead O’Connor Organizations: Dublin Locations: Dublin, American, England

☆ Axiom Launch Shows How Government Astronauts Now Fly Commercial
▼ + stars: | 2024-01-18 | by ( Kenneth Chang | More About Kenneth Chang | ) www.nytimes.com time to read: +1 min

A private mission launched four astronauts to the International Space Station on Thursday. Unlike on earlier such flights, none of the passengers are wealthy space tourists paying their own way to orbit. The private astronaut mission, Ax-3, is the third for Axiom, which is also developing its own space station and making new spacesuits for NASA. In 2019, NASA opened up its part of the space station to visitors, a reversal from earlier policies. (Russia has hosted a series of space tourists on the International Space Station since 2001.)

Persons: NASA’s Organizations: International, Space, SpaceX, NASA’s Kennedy Space Center, NASA Locations: Italy, Sweden, Turkey, Houston, Florida, Russia

☆ Posting a TikTok video of yourself getting laid off is good, actually
▼ + stars: | 2024-01-17 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

A video of a woman filming herself getting laid off from Cloudflare went viral on Tiktok. Over the last year, we've seen similar TikToks of people filming themselves getting laid off. AdvertisementA trend on TikTok that's been simmering for a while but really went mainstream this week has been people (mostly young women) filming themselves getting laid off from their corporate tech jobs. Last week, one in particular made headlines as the young woman getting laid off from CloudFlare pushed back at the HR rep leading the call. It won't necessarily stop you from getting laid off if the ax falls on your department, but demystifying the process is good for workers.

Persons: we've, —, Mickella Simone Miller, Miller, that's, CloudFlare, doesn't, Chloe Shih, it's, Shih Organizations: Service, DMs Locations: Salt Lake City

☆ You can feel like a birdwatching pro with these AI binoculars that identify birds
▼ + stars: | 2024-01-13 | by ( Lakshmi Varanasi | ) www.businessinsider.com time to read: +1 min

The AX Visio are a pair of AI-powered bird-watching binoculars that were unveiled at CES 2024. The binoculars can identify more than 9,000 types of birds and other wildlife. The binoculars use AI image recognition technology and data from the Merlin Bird ID database to help you easily identify more than 9,000 birds and other wildlife at the click of a button. They rely on a built-in camera that allows the binoculars to identify still or moving images of birds, and you can immediately share the photos and videos you create by pairing the binoculars with a smartphone. This story is available exclusively to Business Insider subscribers.

Persons: Marc Newson, —, Merlin Organizations: CES, Apple, Service, Electronics, Business Locations: Las Vegas

☆ A submerged landmass near Australia could once have been home to 500,000 people
▼ + stars: | 2024-01-09 | by ( Mia Jankowicz | ) www.businessinsider.com time to read: +2 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewA vast, now-submerged landmass off of Australia's coast may once have been capable of supporting up to half a million people, a new study suggests. This revealed an archipelago that could have been used for people to migrate from Indonesia to Australia, they said. Various rock art and stone ax findings around the areas of the now-submerged continental shelf. Ultimately, rising sea levels likely pushed resident populations off of the landmass, the authors said.

Persons: —, Kashih Norman, Norman, didn't Organizations: Service, Business, Griffith University, First Nations Locations: Australia's, New Zealand, Brisbane, Guinea, Australia, Indonesia

Editor’s Note: This story contains graphic and disturbing accounts of sexual violence. Then he raped her again, said Raz Cohen, a survivor of Hamas’ murderous rampage in Israel on October 7. Cohen saw another young woman shot in the head as he ran to hide in a bush – the spot where he witnessed the rape, he told CNN. After the rape, Cohen told CNN he saw the group go after another woman and a man. “We’ll never know everything that has happened to them,” Elkayam-Levy told CNN in November.

Persons: Raz Cohen, Cohen, Israel’s, –, Ronen Zvulun, ” Cohen, “, ”, mirth, Dudi Katz, Rami Shmuel, Be’eri, Cochav, Levy, “ We’ll, ” Elkayam Organizations: CNN, Nova, of Health, United Nations, Hamas, UN, New York Times, IDF, United, Hebrew University Locations: Israel, Gaza, Israel's, United Nations, Jerusalem

☆ Subsidies are crucial to the green transition: podcast
▼ + stars: | 2023-12-05 | by ( Una Galani | ) www.reuters.com time to read: +1 min

Andrew Forrest, Chairman and Founder, Fortescue Metals Group speaks at the Global Energy Transition 2022 conference in New York City, New York, U.S. June 14, 2022. REUTERS/David Dee Delgado Acquire Licensing RightsMUMBAI, Dec 5 (Reuters Breakingviews) - The world is short not of capital, but of projects to fund and sovereigns willing to share risk. In this Exchange podcast, Fortescue’s (FMG.AX) Andrew Forrest discusses why all countries need an IRA and the lessons of leading the world’s fourth-largest iron ore miner through change. Listen to the podcastFollow @ugalani on XSubscribe to Breakingviews’ podcasts, Viewsroom and The Exchange. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Andrew Forrest, David Dee Delgado, Thomas Shum Organizations: Fortescue Metals, Global, REUTERS, Rights, Reuters, Thomson Locations: New York City , New York, U.S

MP Materials (MP.N), Lynas Rare Earths (LYC.AX) and other Western rare earths companies have struggled at times to deploy it due to technical complexities and pollution concerns. "The existing rare earths refining process is a nightmare," said Isabel Barton, a mining and geological engineering professor at the University of Arizona. Fannon and several U.S. politicians have called for Western governments to create central rare earths processing hubs, a plan already being pursued by Canada. In Saskatchewan, government scientists are working to launch their own rare earths processing technology after attempts to buy Chinese technology sputtered in 2020. "These new sources for rare earths are going to be paramount if we're going to reach global net zero targets," said Steve Schoffstall of the Sprott Energy Transition Materials ETF (SETM.O), which holds shares in several rare earths companies.

Persons: Isabel Barton, Michael Schrider, Ucore, Luisa Moreno, REETec, Robert Fox, Frank Fannon, Mike Crabtree, Crabtree, Steve Schoffstall, Ernest Scheyder, Veronica Brown, Claudia Parsons Organizations: International Energy Agency, University of Arizona, U.S . Air Force, Pentagon, Defense Metals, U.S . Department of Energy's, U.S . Department of Energy's Idaho National Laboratory, Saskatchewan Research Council, SRC, Ucore, Reuters, Thomson Locations: ALEXANDRIA, Louisiana, China, United States, U.S, American, Alaska, of New Orleans, British Columbia, South Africa, Florida, Norway, Massachusetts, U.S . Department of Energy's Idaho, Wyoming, Canada, Saskatchewan

The deal was expected to fail after Origin's largest shareholder, A$300 billion ($198 billion) pension fund AustralianSuper, said it would reject the A$9.39 per share offer. AustralianSuper owns about 17% of Origin, which was enough to block the bid. Origin already has plans to develop 4 gigawatts by 2030, and Chairman Scott Perkins reaffirmed that strategy, adding that the company was open to working with other investors. "The way we've seen the energy transition is there's been plenty of scope for third party capital to invest alongside Origin," Perkins told reporters after the vote. In its statement, AustralianSuper said it would be a willing capital partner for Origin as it "prepares to transition over the coming decades".

Persons: Dado Ruvic, AustralianSuper, Brookfield, Scott Perkins, Perkins, Scott Murdoch, Lewis Jackson, Alasdair Pal, Miral Organizations: Brookfield, REUTERS, SYDNEY, Origin Energy, EIG Partners, Thomson Locations: Brookfield, Australia's, Sydney

☆ Brookfield’s energy M&A loss is teachable moment
▼ + stars: | 2023-12-04 | by ( ) www.reuters.com time to read: +2 min

MELBOURNE, Dec 4 (Reuters Breakingviews) - Brookfield Asset Management (BAM.TO), has some wounds to lick. On Monday the Canadian investment firm’s joint $13 billion offer with MidOcean Energy for Australian power generator and retailer Origin Energy (ORG.AX)failed after the bidders secured backing from 69% of voted shares, below the required 75% threshold. It could target smaller local energy firms, like Alinta Energy and EnergyAustralia, owned by Hong Kong-based Chow Tai Fook Enterprises and CLP (0002.HK) respectively. Brookfield has made other investments from its $15 billion global transition fund, including to co-buy Westinghouse Electric. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

Persons: Bruce Flatt, Chow, Brookfield, Antony Currie, Neiman Marcus, Una Galani, Thomas Shum Organizations: MELBOURNE, Reuters, Brookfield Asset Management, MidOcean Energy, Origin Energy, Alinta, Chow Tai Fook Enterprises, CLP, HK, Westinghouse, X, Saks, Thomson Locations: Brookfield, Hong Kong

☆ Australia's Greens to investigate supermarket 'price gouging'
▼ + stars: | 2023-12-03 | by ( ) www.reuters.com time to read: +2 min

[1/2] People walk past a Woolworths supermarket following the easing of restrictions implemented to curb the spread of the coronavirus disease (COVID-19) in Sydney, Australia, June 16, 2020. REUTERS/Loren Elliott Acquire Licensing RightsSYDNEY, Dec 3 (Reuters) - Australia's Greens party said on Sunday it would lead a parliamentary inquiry into "price gouging" by major supermarkets as the country grapples with high costs of living. "It will also assess the rise in essential item prices, the validity of discounts offered, and the inflation of profits during economic hardship," added McKim, accusing supermarkets of "price gouging" during "Australia's cost of living crisis". "Construction costs, energy prices, the cost of logistics and packaging have all risen", the spokesperson said. A Woolworths spokesperson said the company was "working to deliver relief" on grocery bills.

Persons: Loren Elliott, Nick McKim, McKim, Competition Andrew Leigh, Leigh, Sam McKeith, Lincoln Organizations: Woolworths, REUTERS, Rights, Australia's Greens, Greens, Coles, Competition, Labor, Reserve Bank of Australia, Thomson Locations: Sydney, Australia

☆ Brookfield's $10.6 billion bid for Origin Energy expected to fail on Monday
▼ + stars: | 2023-12-03 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsSYDNEY, Dec 4 (Reuters) - The outcome of a Brookfield consortium's $10.6 billion bid for Australia's Origin Energy (ORG.AX) will be officially known on Monday, with investors expected to vote down its year-long attempt to buy the country's largest power retailer. Origin’s largest shareholder, A$300 billion ($198.36 billion) pension fund AustralianSuper, has said it would reject the A$9.39 per share offer. "If the Brookfield consortium comes back with a hostile off-market offer, there could be upside to the share price." "We will do this work before considering whether to continue pursuing a proposal to acquire Origin Energy or the Origin Energy Markets business," he said. The company's board last week rejected a revised back-up bid from the Brookfield consortium that the energy firm said was too complex and highly conditional.

Persons: Dado Ruvic, AustralianSuper, Adrian Atkins, Luke Edwards, Scott Murdoch, Jamie Freed Organizations: Brookfield, REUTERS, Rights, Origin Energy, Origin Energy Markets, Thomson Locations: Sydney, Brookfield, Brookfield Australia

☆ Protester self-immolates outside Israeli consulate in Atlanta
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +2 min

Smoke rises after an Israeli airstrike in Gaza, after a temporary truce between Israel and the Palestinian Islamist group Hamas expired, as seen from southern Israel, December 2, 2023. REUTERS/Alexander Ermochenko Acquire Licensing RightsDec 1 (Reuters) - A protester with a Palestinian flag self-immolated on Friday outside the Israeli consulate in Atlanta, authorities said. The protester arrived around 12:17 p.m. at the office building, which houses the consulate as well as several businesses, and used gasoline, police said. Israel has vowed to annihilate Hamas after the militant group attacked southern Israel on Oct. 7, killing 1,200 people and taking 240 hostages, according to Israeli tallies. More than 15,000 Gazans have been killed during Israel's assault, Palestinian officials say, which has destroyed much of the enclave.

Persons: Alexander Ermochenko, Darin Schierbaum, Anat Sultan, Israel, Joseph Ax, Kanishka Singh, Jonathan Allen, Matt Spetalnick, Daniel Wallis, Bill Berkrot Organizations: REUTERS, Palestinian, Police, ABC News, Thomson Locations: Gaza, Israel, Palestinian, Atlanta, U.S

☆ Georgia Republicans advance new US House map that maintains their edge
▼ + stars: | 2023-12-01 | by ( Joseph Ax | ) www.reuters.com time to read: +2 min

A general view of the Atlanta skyline includes the Georgia Capitol dome and a "Vote" sign atop the 100 Peachtree building, days ahead of nationally significant U.S. Senate and state governor elections in Atlanta, Georgia, U.S. November 6, 2022. In his Oct. 26 opinion, U.S. District Judge Steve Jones said that Georgia could not remedy the problem "by eliminating minority opportunity districts elsewhere." The new map would likely allow Republicans to maintain their current 9-5 advantage among the state's 14 U.S. House districts. In a statement, the Republican speaker of the state House, Jon Burns, said the new map "fully complies with the judge's order." McBath's campaign manager, Jake Orvis, said in a statement, "Georgia Republicans have yet again attempted to subvert voters by changing the rules."

Persons: Jonathan Ernst, Lucy McBath, Steve Jones, Brian Kemp, Jon Burns, Jake Orvis, Joseph Ax, Will Dunham Organizations: Georgia Capitol, Senate, REUTERS, Georgia Republicans, . House, voters, Republican, Democratic U.S, District, Legislators, McBath, Thomson Locations: Atlanta, Georgia, Peachtree, Atlanta , Georgia, U.S, Black, United States, Georgia's, New York

Activist investor Nelson Peltz and his firm are seeking more than two seats on Disney's board, according to a person familiar with the matter, setting the stage for a proxy fight. "Mr. Peltz, in partnership with Isaac Perlmutter, a former Disney executive, intends to take its case to shareholders. Mr. Perlmutter owns 78% of the shares that Mr. Peltz claims beneficial ownership of, or more than 25 million of the 33 million shares," Disney said in a statement. Disney shares are up about 6% this year, far underperforming the S&P 500. Peltz had earlier pushed for a seat on Disney's board after Trian took an approximately $800 million stake in Disney.

Persons: Nelson Peltz, Peltz, Disney, Trian, Morgan Stanley, James Gorman, Jeremy Darroch, Francis deSouza, Sir Jeremy Darroch, Ike Perlmutter, Bob Iger, Perlmutter, Isaac Perlmutter, Robert A, Iger, – CNBC's Alex Sherman Organizations: Trian Fund Management, Future Investment Initiative, Summit, Disney, Sky, Peltz, Disney's, CNBC Locations: Miami , Florida

☆ Australian sheep, cattle prices slump as El Nino scorches pastures
▼ + stars: | 2023-11-29 | by ( Peter Hobson | ) www.reuters.com time to read: +6 min

After three years of plentiful rain and rising livestock numbers, dry weather has withered pastures across Australia. The extreme change in conditions has helped trigger the fastest plunge in cattle and sheep prices in decades, threatening livelihoods in Australia's A$75 billion ($50 billion) red meat and livestock industry. While farmers suffer, falling livestock prices have brought some relief to Australian households hurting from high inflation. Falling U.S. beef production means demand for Australian beef should rise, helping support livestock prices, said Angus Gidley-Baird, an analyst at Rabobank in Sydney. Agricultural consultants Episode 3 estimate that Australian beef processors are reaping their best profits in at least two decades thanks to low local cattle prices and high sale prices in export markets.

Persons: Angus Hobson, Peter Hobson, Angus, Hobson, Stuart Austin, Wilmot, Angus Gidley, Baird, Teys, Mat Larkings, gaunt, haven't, they'll, Sonali Paul Organizations: Livestock, New, REUTERS, Beef, Livestock Australia, Woolworths, Data Monitor, Rabobank, Meat packers, Teys Australia, Farmers, Thomson Locations: Delegate, New South Wales, Australia, Angus Hobson's, Australia's, United States, El Nino, Japan, China, Sydney, Walcha

☆ Jack Dorsey is getting rid of annual reviews and PIPs at Block. I asked our workplace correspondent if it's a trend.
▼ + stars: | 2023-11-27 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +5 min

Jack Dorsey says Block will no longer do performance reviews or performance-improvement plans. She told me she thought PIPs — performance improvement plans — were underused because companies don't necessarily want to do the legwork that often goes with them. Jack Dorsey's Block just announced that they're going to stop doing PIPs and just fire people who aren't up to snuff. So, having some ability to correct your things you're doing wrong — that's important. Block is also getting rid of annual performance reviews.

Persons: Jack Dorsey, Block, Tim Paradis, Dorsey, —, BI's, who's, you've, Gen Z, Korn, they're, Jack Dorsey's Block, it's Organizations: Service, Business Locations: Valley

☆ Virgin Australia adds Boeing MAX-8 aircraft as demand stays buoyant
▼ + stars: | 2023-11-24 | by ( ) www.reuters.com time to read: +1 min

Nov 24 (Reuters) - Airline operator Virgin Australia (IPO-VIR.AX) on Friday said it has added six Boeing MAX-8 aircraft to further expand its fleet and meet travel demand, taking its total order for the planes to fourteen. Australia's second-biggest carrier returned to a profit for the first time in 11 years in fiscal 2023, buoyed by a strong recovery in travel demand following the COVID-19 pandemic. "Travel demand remains high and we continue to grow and renew our fleet, enabling us to deliver great value and choice in the market," Virgin Australia Chief Strategy and Transformation Officer Alistair Hartley said. The MAX-8 aircrafts will enter the domestic and short-haul international routes including Fiji, Bali and Samoa, the carrier said. Reporting by Adwitiya Srivastava in Bengaluru; Editing by Mrigank DhaniwalaOur Standards: The Thomson Reuters Trust Principles.

Persons: Australia's, Alistair Hartley, Adwitiya Srivastava, Mrigank Organizations: Virgin Australia, Boeing, Thomson Locations: Fiji, Bali, Samoa, Bengaluru

REUTERS/David Gray Acquire Licensing RightsSYDNEY, Nov 24 (Reuters) - The long-term value of hotly contested $10.6 billion takeover target Origin Energy (ORG.AX) has been muddied by a government plan to accelerate the rollout of renewable energy, announced just hours before a key shareholder vote. However, the potential for new investment via the government's scheme undercuts Brookfield's argument that Origin and Australia needed its deep pockets to decarbonise quickly, Vickerson said. Pension giant AustralianSuper has argued Origin's stake in fast-growing British renewable energy company Octopus Energy, gas assets and millions of customers position the company well for the energy transition. The government's new scheme only strengthens the fund's conviction about Origin, according to a person familiar with AustralianSuper's thinking. However, Simon Mawhinney, chief investment officer at fund manager Allan Gray, which owns a roughly 3% stake in Origin, said the government's plan appears likely to push down returns.

Persons: David Gray, AustralianSuper, Max Vickerson, Vickerson, Brookfield, Tom Leske, Simon Mawhinney, Allan Gray, Lewis Jackson, Sonali Paul Organizations: REUTERS, Rights, Energy, Morgans, Origin, AGL Energy, Churchill Capital, Octopus Energy, Thomson Locations: Sydney, Chatswood, Australia, Brookfield

Under the new terms offered by Brookfield, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. Brookfield's consortium partner EIG Partners would take on Origin's integrated gas business which includes the 27.5% stake in Australia Pacific LNG (APLNG). If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion. When asked during a press conference if he had reservations about the revised deal, Chairman Scott Perkins said: "absolutely". DONE TALKINGFollowing the announcement of the revised offer, EIG CEO Blair Thomas told Reuters that he was done talking to AustralianSuper.

Persons: Dado Ruvic, Australia's, EIG, Scott Perkins, Blair Thomas, Allan Gray, Simon Mawhinney, Mawhinney, Chris Bowen, Scott Murdoch, Lewis Jackson, Praveen Menon, Lincoln, Sonali Paul, Jamie Freed Organizations: Brookfield, REUTERS, SYDNEY, Brookfield ., EIG Partners, Australia Pacific LNG, Reuters, Brookfield consortium's, Energy, Thomson Locations: Brookfield, Sydney, Australia

☆ EIG CEO says consortium no longer willing to negotiate with Origin's top investor
▼ + stars: | 2023-11-23 | by ( ) www.reuters.com time to read: 1 min

Blair Thomas, CEO of EIG, poses in an undated handout photo obtained January 5, 2021. Acquire Licensing RightsSYDNEY, Nov 23 (Reuters) - EIG Partners CEO Blair Thomas said on Thursday the consortium behind the $10.6 billion bid for Origin Energy (ORG.AX) was "done" negotiating with top shareholder AustralianSuper in an attempt to gain its backing for the offer. Thomas said he believed AustralianSuper, which holds 16.5% of Origin, was acting against the best interests of the company's remaining shareholders. EIG is part of the consortium led by Canada's Brookfield. Reporting by Scott Murdoch in Sydney; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Blair Thomas, Danthi, Thomas, Canada's, Scott Murdoch, Jamie Freed Organizations: Rights, EIG, Origin Energy, Thomson Locations: Canada's Brookfield, Sydney

Origin said based on the early votes received the original offer would not have won support. Under the new terms, the A$9.43 per share bid remains but some investors can stay invested in the energy markets business that would be owned by Brookfield. If that bid fails to achieve 75% shareholder support, an alternative proposal has been lodged that would see Origin sell the energy markets business to Brookfield for A$12.3 billion ($8 billion). Origin shareholders would receive a total of A$9.08 per share, with an additional A$0.22 if EIG got up to 90.1% control of Origin. Institutional investors who have already voted on the A$9.43 offer can choose to change or keep their vote, or opt to invest in the energy markets business.

Persons: Dado Ruvic, EIG, Chris Bowen, Scott Murdoch, Lewis Jackson, Miral Fahmy, Lincoln, Sonali Paul Organizations: Brookfield, REUTERS, Companies Brookfield, Origin Energy, Brookfield ., EIG Partners, Australia Pacific LNG, Brookfield consortium's, Energy, Thomson Locations: SYDNEY, Brookfield, Sydney, Australian, Australia

☆ Every country needs an Inflation Reduction Act
▼ + stars: | 2023-11-23 | by ( Antony Currie | ) www.reuters.com time to read: +9 min

REUTERS/David Gray/File Photo Acquire Licensing RightsMELBOURNE, Nov 23 (Reuters Breakingviews) - Lawmakers in South Korea blasted the U.S. Inflation Reduction Act as a betrayal. Yet concerns about market distortion from the policy intended to stimulate investment in the energy transition and signed into law by President Joe Biden in August 2022 are easing. The Biden administration’s willingness to negotiate on its package of $370 billion of tax breaks and other measures has helped. Reuters GraphicsTrouble is, governments also need to show that they will be fiscally responsible stewards of the energy transition in the short term – especially with inflation still a threat and budgets under pressure. In a speech on Nov. 2 about enabling Australia’s energy transition, Treasurer Jim Chalmers said that “incentives like the type we’ve seen in the Inflation Reduction Act in the United States can be part of an answer but they’re not the whole answer”.

Persons: David Brockwell, David Gray, Australia’s Fortescue, FMG.AX, Joe Biden, Biden, –, Goldman Sachs reckons, ’, Uncle Sam, Fumio, Jim Chalmers, they’re, Chalmers, Una Galani, Thomas Shum Organizations: REUTERS, Rights MELBOURNE, Reuters, Australia, Washington, European, of America, Labor Energy Partnership, U.S, Canberra, Climate Energy Finance, Climate Capital Forum, Deloitte, National Australia Bank, quicken, Thomson Locations: Lake George, Canberra, South Korea, United States, Seoul, European Union, U.S, Japan, Washington, EU, Australia

Trading in Origin Energy shares was paused on Thursday. Brookfield Corp (BN.TO), which has teamed up with EIG Partner's MidOcean Energy, and Origin Energy did not respond to requests for comment. Origin shares closed on Wednesday at A$8.42, up 1.69%, but well below the offer price of A$9.43 per share. If everyone thought it was going ahead the share price would be higher," he told Reuters. Origin shares remain 2.1% lower than last week's close and have traded well below the offer price since the new bid.

Persons: Dado Ruvic, EIG, Jamie Hannah, I'm, Scott Murdoch, Lewis Jackson, Miral Fahmy Organizations: Brookfield, REUTERS, Rights, Origin Energy, Brookfield Corp, Energy, Investors, Newmont Corp, Newcrest Mining, VanEck, Reuters, Origin, Thomson Locations: Brookfield, Lincoln

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsSYDNEY, Nov 23 (Reuters) - A Brookfield-led consortium's A$16.3 billion ($10.61 billion) bid for Origin Energy (ORG.AX) is expected to fail after the largest shareholder in Australia's biggest energy retailer said it would vote against the offer at an investor meeting on Thursday. The energy company's shares closed on Wednesday at A$8.42, up 1.69%, but well below the offer price of A$9.43 per share. If everyone thought it was going ahead the share price would be higher," he told Reuters. Brookfield and Origin Energy declined to comment on Thursday's vote. Origin shares remain 2.1% lower than last week's close and have traded well below the offer price since the new bid arrived, suggesting investors were pessimistic of its success.

Persons: Dado Ruvic, EIG, Jamie Hannah, I'm, Macquarie, Ian Myles, Scott Murdoch, Lewis Jackson, Miral Organizations: Brookfield, REUTERS, Rights, Origin Energy, Newmont Corp, Newcrest Mining, Brookfield Corp, Energy, VanEck, Reuters, Thomson Locations: Brookfield, Sydney

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