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☆ Niger president calls for job-based immigration quotas in Europe
▼ + stars: | 2022-12-02 | by ( ) www.reuters.com time to read: +3 min

MILAN, Dec 2 (Reuters) - Niger's President Mohamed Bazoum said in an interview with an Italian newspaper on Friday that African and European states should agree quotas for African immigrants tailored to employment needs. "In France, Spain and Italy you have many jobs in sectors of employment where Africans can work," Bazoum said. "These numbers need to be established, country by country, and then the consulates entrusted with the responsibility of enforcing them." While numbers have subsided, thousands embark on treacherous journeys to European countries each year in hope of finding safer lives and better economic opportunities. Bazoum said agreements between African and European states would help regulate regular immigration and tackle irregular immigration "that fuels the worst trafficking".

☆ Iran’s President Visits Kurdish Province Amid Growing Unrest
▼ + stars: | 2022-12-01 | by ( David S. Cloud | ) www.wsj.com time to read: 1 min

Iranian President Ebrahim Raisi touted development projects in the restive Kurdish region where Tehran has carried out its harshest crackdown since antigovernment protests erupted in September. Mr. Raisi spoke Thursday at a ceremony marking the completion of a water project and promised action on other infrastructure improvements in Kurdistan, a shift in government tactics after the violent means used so far to quell the biggest threat to the Islamic Republic in its four decades of rule.

☆ Black leaders on Buffalo’s East Side are building markets to address food insecurity
▼ + stars: | 2022-12-01 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Claretta-Bellamy-Byline-Jm.Jpg | Claretta Bellamy | ) www.nbcnews.com time to read: +8 min

The only supermarket on the East Side is Tops, where a white gunman killed 10 Black residents in May. AHRIE / African Heritage Food Co-op“It’s about gainful employment,” Wright, 43, said in October of his future grocery store. African Heritage Food Co-Op“That’s why I don’t call this a food desert,” Wright said. One organization, the Buffalo Black Billion, is led by a local pastor, Michael Chapman of St. John and Gethsemane Missionary Baptist churches. African Heritage Food Co-OpBy providing healthy food, Chapman said he also wants to increase the lifespan of Black residents in the community, for whom health disparities are all too familiar.

☆ Indian billionaire Adani’s firm wins bid to develop vast Mumbai slum
▼ + stars: | 2022-11-30 | by ( ) edition.cnn.com time to read: +2 min

The real estate unit of Indian billionaire Gautam Adani’s Adani Enterprises has won the right to redevelop India’s largest slum, Mumbai’s Dharavi neighborhood, with a 50 billion rupee ($612 million) bid, a state official said on Tuesday. Adani’s winning bid of 50 billion rupees was more than double that of real estate group DLF, which bid 20 billion rupees ($244.87 million), said SVR Srinivas, CEO of the Dharavi Redevelopment Project, a government enterprise in the western state of Maharashtra. There have been no major protests to date against the Dharavi redevelopment. The redevelopment of Dharavi will be the fourth project Adani Realty has taken on in Mumbai and the 24th across four cities, according to its website. A spokesperson for the Adani group did not respond to a request for comment on the Dharavi bid.

Another group project, a $900 million port redevelopment in Kerala state, has been stalled for months by protesters. There have been no major protests to date against the Dharavi redevelopment. The redevelopment of Dharavi will be the fourth project Adani Realty has taken on in Mumbai and the 24th across four cities, according to its website. A spokesperson for the Adani group did not respond to a request for comment on the Dharavi bid. ($1 = 81.6750 Indian rupees)Reporting by Shilpa Jamkhandikar in Mumbai and Nandan Mandayam in Bengaluru; Editing by Conor HumphriesOur Standards: The Thomson Reuters Trust Principles.

[1/3] An excavator clears out rocks into a dumper at the gold mine, operated by Endeavour Mining Corporation in Hounde, Burkina Faso February 11, 2020. Acquired by Burkina-based firm Néré Mining from Endeavour Mining (EDV.L) in March, Karma is one of at least four gold mines that halted production this year because of security risks. Gold is Burkina Faso's main export, accounting for 37% of total exports in 2020, and mining is a leading source of jobs. At current rates, Burkina Faso is set to produce 13% less gold this year than in 2021, in part because of mine closures, government statistics show. The Burkina Faso mines ministry did not respond to Reuters' questions.

☆ How Atlanta's growing economy burned low-income renters and homebuyers
▼ + stars: | 2022-11-28 | by ( Carlos Waters | In Carloswaters | ) www.cnbc.com time to read: +2 min

"It's a huge increase in population," said Dan Immergluck, a professor of urban studies at Georgia State University. "Atlanta is becoming a wider city," said Nathaniel Smith, founder and chief equity officer at the Partnership for Southern Equity. Some Atlanta locals believe ambitious urban redevelopment projects, such as the BeltLine, have contributed to fast-rising prices in the area. "We've put about $700 million into the BeltLine to date," said Atlanta BeltLine Inc. CEO Clyde Higgs. That has caused a number of good things and also a number of pressures within the city of Atlanta."

☆ Hyundai's best years in the U.S. are set to be tested by the Inflation Reduction Act
▼ + stars: | 2022-11-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

"I think what Hyundai, Kia and Genesis have done is they've really compressed that time frame. Sales of Hyundai and Kia vehicles have risen roughly 61% since 2010 to more than 1.4 million vehicles in the U.S. last year. LMC forecasts Hyundai's sales of all-electric vehicles are expected to represent 9.2% of the U.S. EV market this year. While sales are expected to grow that percentage is seen as the company's peak until at least 2024 or 2025, when the new Georgia plant is set to come online. Munoz said the new Georgia plant is expected to produce 300,000 vehicles annually, with the potential to reach 500,000 in the future.

☆ New York governor signs first-of-its-kind law cracking down on bitcoin mining — here's everything that's in it
▼ + stars: | 2022-11-23 | by ( Mackenzie Sigalos | ) www.cnbc.com time to read: +8 min

Kathy Hochul signed a law Tuesday banning certain bitcoin mining operations that run on carbon-based power sources. "The bitcoin mining industry is actually leading in terms of compliance with that Act." "Our customers are being scared off from investing in New York state," said Foundry's Zhang. "Bitcoin mining operations are providing high-paying and high-grade, great jobs for local communities. "Other blue states often follow the lead of New York state and this would be giving them an easy template to replicate," said Foundry's Zhang.

☆ How small-town Maine embraced a family that fled the Taliban
▼ + stars: | 2022-11-18 | by ( Elyse Lightman Samuels | ) www.businessinsider.com time to read: +36 min

CAPE ELIZABETH, Maine — Last November, at about midnight, Omid was lying in bed in his new home in Cape Elizabeth, Maine — exhausted, but unable to sleep. On this night, and on many nights during Omid's first few months in Maine, Nasir was soon at his door. Omid's family arrived in Maine just before Halloween in 2021 and recently celebrated one year in Maine. Catholic Charities, the local refugee-resettlement organization in Maine, was working with Omid's family to help them resettle. After Omid's family escaped Kabul, members of his extended family came by to collect some of their more precious items, and gave other things away.

☆ Exclusive: Kaisa delays offshore debt revamp talks on uncertain sector outlook
▼ + stars: | 2022-11-18 | by ( Clare Jim | ) www.reuters.com time to read: +4 min

The second-largest U.S. dollar bond issuer among Chinese developers after China Evergrande Group (3333.HK), Kaisa has been in the process of restructuring its $12 billion offshore debt after defaulting on some bonds last year. Kaisa is among a growing number of Chinese developers to have defaulted on offshore debt obligations in the past year, including Evergrande, which is also working to firm up terms of debt restructuring negotiations with its bondholders. UNCERTAIN OUTLOOKThe delay in Shenzhen-based Kaisa's debt restructuring negotiations comes as many of its defaulting peers face growing pressure from bondholders to hasten revamp plans before the end of the year. Kaisa is "struggling with" a factor that also affects other developers, as the outlook for the property sector is not too clear, said one of the sources. Bondholders have grown impatient after Kaisa struggled to make repayments, and offered several financing solutions, aiming to advance talks.

☆ Liberty Media to Split Off MLB’s Atlanta Braves
▼ + stars: | 2022-11-17 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Austin Riley of the Atlanta Braves made a catch against the Philadelphia Phillies last month in Atlanta. Media and entertainment company Liberty Media Corp. said it would split off the Atlanta Braves Major League Baseball team and its associated real-estate development project into a separate, publicly traded company. Liberty Media, which operates and owns interests in businesses including Sirius XM Holdings Inc. and Formula One Group, said it would redeem its existing Liberty Braves common stock in exchange for shares of a newly formed company to be called Atlanta Braves Holdings Inc.

Saudi Press Agency/Handout via REUTERSDUBAI, Nov 10 (Reuters) - Saudi Arabia's Public Investment Fund (PIF) is working with Lazard (LAZ.N) on funding options and a potential initial public offering of Masar, a $27 billion mega project in the holy city of Mecca, two sources with direct knowledge told Reuters. The PIF, Lazard and Masar did not respond to a Reuters query for comment. Bloomberg first reported Lazard was advising the sovereign wealth fund on NEOM. Masar is a 1.2 million square metre urban development project in the western part of Mecca. Reporting by Hadeel Al Sayegh;Editing by Elaine HardcastleOur Standards: The Thomson Reuters Trust Principles.

☆ Developers aren't building enough affordable housing despite an unprecedented crisis. A top executive at $3.5 billion Nuveen explains the biggest hurdles, and how builders can tap into a steady source
▼ + stars: | 2022-10-26 | by ( Jennifer Streaks | ) www.businessinsider.com time to read: +7 min

So why aren't developers building more affordable housing? And more recently, the Biden Administration's 2023 budget includes a proposal for $25 billion for Grants for Affordable Housing Production. "Nuveen so far has $3.5 billion in assets under management and has 120 actual affordable housing properties across the country in 25 states," West says about the company's affordable housing portfolio. "Inflation has a direct, immediate effect on the cost of building affordable housing. Research shows that the shortage of affordable housing costs the American economy about $2 trillion a year in lower wages and productivity.

☆ Rocket startup Relativity eyes new products with enlarged 3D printer
▼ + stars: | 2022-10-24 | by ( Joey Roulette | ) www.reuters.com time to read: +2 min

The Los Angeles-based startup is targeting year's end for the debut launch of its mostly 3D-printed flagship rocket Terran 1, Tim Ellis told Reuters. Relativity's upgraded 3D printer, the latest in a lineup named Stargate, will primarily be used to build its bigger, next-generation Terran R rocket, he said. Register now for FREE unlimited access to Reuters.com Register"This large-format metal 3D printing ... really means that we're just starting with rockets," Ellis said. The company is working with a nuclear fusion company to use the new 3D printer to print parts of a fusion reactor, Ellis said. Relativity has $1.2 billion worth of Terran R launch contracts so far, he said.

☆ A financially independent 26-year-old who built a 250-home neighborhood in the suburbs of Atlanta explains the 6-phase process that goes into completing a new housing development project
▼ + stars: | 2022-10-20 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +10 min

The 26-year-old developer explains what exactly goes into completing a new housing development. His company is wrapping up a 250-home development called Somerset Hills in Fairburn, Georgia, a suburb outside of Atlanta. His team has 10 homes to finish before the development project is complete. Insider spoke to Uboh about what exactly goes into completing a new housing development from the ground-up. Identify your vision and strategyThe first phase of the process is nailing down your vision and strategy for the project.

☆ Australia promises billions for renewable projects to 'rewire' power grid
▼ + stars: | 2022-10-19 | by ( Praveen Menon | ) www.reuters.com time to read: +2 min

SYDNEY, Oct 19 (Reuters) - Australia on Wednesday announced plans to build renewable energy zones, wind projects and underwater electricity interconnectors, as it looks to build its renewable power capabilities and bring more clean energy into its national grid. The announcements come ahead of the annual budget announcement next week by Prime Minister Anthony Albanese's centre-left Labor government, which won power this year promising climate reforms. The state of Victoria, which will have an election next month, will get A$1.5 billion ($947.85 million) of concessional financing for Renewable Energy Zones (REZ) and offshore wind development projects, the government said in a statement. The announcements were the first in Labor's A$20 billion "rewire the nation" policy to modernise and rebuild Australia's national power grid. The government also announced a $1 billion loan for Tasmania’s Tarraleah Power Station redevelopment and Lake Cethana Pumped Hydro project.

"People need space, but there's so much noise in the city," added the 36-year-old devotee of Buddhism and Zen. "These social events are important catalysts," said Ng Mee-kam, a professor of urban studies at the Chinese University of Hong Kong. "He was quite amazed and asked me whether we young people can really survive on dreams," added Yu, whose workshop, tucked behind a bed in his studio flat, is about 100 sq. "My dream is just a wall away from me," added Yu, who works freelance in corporate communications and sometimes goes kayaking with Chan, a good friend. "After moving to Peng Chau, I realised I don't need to emigrate anymore," Chan said.

☆ I was 'Euphoria' star Colman Domingo's assistant for a year. Here's why he was the best boss I've ever had.
▼ + stars: | 2022-10-13 | by ( Eboni Boykin-Patterson | ) www.businessinsider.com time to read: +10 min

Higgins was the executive assistant for "Euphoria" actor Colman Domingo for a year. I would love to work with another Black and queer individual and see what I could learn. He's an influential Black queer man who uses his influence to help other people like him break into the industry. Now, years later, I've started to notice that when I'm working on documents, I'm slowing down to really read them. He was the best boss I've ever hadWhen I was hired in the role, I knew it would only be for a year.

☆ Fact Check-Video shows concrete placing boom being set down on London construction site, not an anti-aircraft gun
▼ + stars: | 2022-10-11 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

!”Reuters geolocated the construction site to the southbound A5 road in Hendon, northwest London (bit.ly/3yzx3Ci). They also said via email that the company “has not” installed an anti-aircraft gun on the construction site. The object being lowered in the video “is a concrete placing boom. Similar pictures of concrete placing booms can be found here and here. The video shows a concrete placing boom, according to the construction company in charge of the site.

☆ Amazon is cutting some robotics projects in a reorganization of its research efforts in this field. Canvas, which it bought for over $100 million, is the latest casualty.
▼ + stars: | 2022-10-11 | by ( Eugene Kim | ) www.businessinsider.com time to read: +3 min

Amazon is consolidating robotics research projects to focus on those that help customers most. Amazon is shutting down Canvas, the warehouse robotics startup it acquired for over $100 million in 2019, Insider has learned, as the e-commerce giant continues to cut costs. Employees are being given the choice to transfer to a different team within Amazon or leave with severance pay. Last week, Amazon shut Scout, a mini home delivery robot it launched in 2019. The company has implemented a broader hiring freeze in its retail business too, while scaling back several warehouse expansion plans this year.

☆ The era of Big Tech moonshots is over. Amazon, Google, Facebook, and Microsoft are pulling back on ambitious, risky long-term projects after many of them failed.
▼ + stars: | 2022-09-29 | by ( Hugh Langley | Eugene Kim | Kali Hays | ) www.businessinsider.com time to read: +13 min

Amazon, Google, Microsoft, and Facebook have scaled back their ambitious "moonshot" projects. Moonshots like Google X and Amazon Grand Challenge allowed tech firms to build innovative projects. Before Amazon, Parviz led a similar team at Google called Google X. Page and Brin championed X projects they loved, helping them gain funding and headcount within the unit. Parviz, who created the once-hyped-up Google Glass, left Google X in 2014 to start Amazon's Grand Challenge.

☆ India starts debt-restructuring talks with Sri Lanka, vows support
▼ + stars: | 2022-09-20 | by ( Uditha Jayasinghe | ) www.reuters.com time to read: +3 min

A man travels in a train as the Colombo harbour is seen, amid the country's economic crisis in Colombo, Sri Lanka, April 20, 2022. "The discussions held in a cordial atmosphere symbolise India's support to early conclusion and approval of a suitable IMF programme for Sri Lanka," the High Commission said. Reuters reported last week, citing sources, that India did not plan to provide fresh financial support to Sri Lanka, as the island's battered economy had begun to stabilise. read moreThe High Commission said India had ongoing development projects worth about $3.5 billion in Sri Lanka, whose president earlier this month asked his officials to resolve obstacles to projects backed by India. President Ranil Wickremesinghe has said Sri Lanka will turn a free trade agreement with India into a comprehensive economic and technological partnership.

☆ Taliban release American engineer Frerichs in prisoner swap
▼ + stars: | 2022-09-19 | by ( Mohammad Yunus Yawar | ) www.reuters.com time to read: +2 min

Noorzai was detained by the United States on suspicion of smuggling more than $50 million worth of heroin into the United States and Europe. Frerichs is an engineer and U.S. Navy veteran from Lombard, Illinois, who worked in Afghanistan for a decade on development projects. The United States has no official representation in Afghanistan and U.S. government officials elsewhere were not immediately available for comment. The United States has been pushing for the release of Frerichs, including after the Taliban took over Afghanistan in August 2021, as U.S.-led foreign forces were withdrawing. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mohammad Yunus Yawar; Writing by Charlotte Greenfield; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ A 26-year-old entrepreneur built a multi-million dollar business doing government contract work out of his parents' basement. Now, he and his fiancée are completing a new 250-home development in the s
▼ + stars: | 2022-09-18 | by ( Kathleen Elkins | ) www.businessinsider.com time to read: +14 min

The couple now work together full-time on the company Uboh started back in 2015, JUBOH Companies, from his parents' basement. One of the first companies Uboh started was an an ecommerce drop shipping company. "I started early. Courtesy of JUBOH CompaniesUboh and Carter, who started working with his team full-time in 2020, are now finishing a 250-home development called Somerset Hills in Fairburn, Georgia. He started early and he started small: with a candy business in grade school and, later, with a lawnmower that cost a couple hundred bucks.

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