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☆ Janitor heard ‘annoying alarms’ and turned off freezer, ruining 20 years of school research worth $1 million, lawsuit says
▼ + stars: | 2023-06-27 | by ( Jessica Xing | ) edition.cnn.com time to read: +3 min

CNN —A university janitor who turned off a freezer after hearing multiple “annoying alarms,” ruined more than 20 years of research, according to a lawsuit filed against his employer by Rensselaer Polytechnic Institute in upstate New York. The school is seeking more than $1 million in damages and legal fees from Daigle Cleaning Systems as a result of the incident. The college does not believe the janitor is at fault but instead blames Daigle Cleaning Systems for failing to properly train and supervise him, according to the suit. CNN reached out to attorneys for Daigle Cleaning Systems and the Rensselaer Polytechnic Institute for comment. A warning was posted on the freezer, according to the court filing.

Persons: Lakshmi, Baruch ’ Organizations: CNN, Rensselaer Polytechnic Institute, Daigle, Systems Inc, Systems, Supreme, Biochemical Solar Energy Research, AS IT Locations: New York, Troy , New York, Rensselaer, “

☆ A college janitor turned off a freezer in a lab to silence 'annoying alarms,' but destroyed $1 million in scientific research in the process, a lawsuit claims
▼ + stars: | 2023-06-26 | by ( Sawdah Bhaimiya | ) www.businessinsider.com time to read: +4 min

A janitor destroyed $1 million in scientific research after turning off a super cold freezer in a lab. He had heard "annoying alarms" coming from the freezer where over 20 years of research were stored. Lakshmi conducted high-level research inside the lab that "had the potential to be groundbreaking" and funded by the university, the lawsuit said. It's believed that Harrington destroyed $1 million worth of scientific research and RPI will be seeking as yet unspecified damages. Daigle Cleaning Systems and Lawyers for RPI did not immediately respond to Insider's request for comment about the lawsuit.

Persons: —, Joseph Harrington, K.V, Lakshmi, Harrington, It's Organizations: Service, Rensselaer Polytechnic Institute, Daigle, Rensselaer County Supreme, AS IT, RPI, Systems, Lawyers Locations: New York, Troy , New York, Rensselaer County

☆ India plans to ask lawyers to report clients' dubious transactions
▼ + stars: | 2023-06-15 | by ( Nikunj Ohri | ) www.reuters.com time to read: +3 min

The authorities believe the plan will help in faster recognition of dubious transactions involving shell companies and money laundering. The plan is to implement recent recommendations of the FATF which require lawyers, notaries, other independent legal professionals and accountants to report suspicious transactions, and maintain a record of transactions undertaken for clients, said the first source. "If lawyers are brought under the money laundering law, it will breach the trust between client and attorney and impact privilege communications," said senior lawyer Hiten Venegaonkar. Other countries such as the United Kingdom and Australia have anti-money laundering requirements for law firms and lawyers, said K.V. India is currently compliant with FATF regulations but even within the compliant category, FATF assigns scores to various countries based on strength of regulations and implementation of these.

Persons: Hiten Venegaonkar, Venegaonkar, K.V, Karthik, Nikunj Ohri, Kim Coghill Organizations: Reuters, Money, Bar, Deloitte Touche, Thomson Locations: DELHI, New Delhi, United Kingdom, Australia, India

April 18 (Reuters) - Beleaguered bitcoin miners are finally feeling the spring sunshine after a cold, hard crypto winter. At the current bitcoin price, these companies' cash flows have substantially improved and most of them should have no problem paying their obligations," said Jaran Mellerud, analyst at bitcoin mining services company Luxor. Bitcoin mining is the process by which a network of computers validates a block of transactions on the blockchain. "The bitcoin price increase has bought these companies time, but it would be detrimental for these companies if it were to fall back down to $20,000," he said. A rapid rise in power prices or a fast fall in bitcoin could usher in a new cold spell.

☆ India court asks regulator to check on Adani's related party transactions
▼ + stars: | 2023-03-02 | by ( Arpan Chaturvedi | ) www.reuters.com time to read: +3 min

The Supreme Court of India also ordered the formation of an investor-protection panel amid sharp falls in the Adani group's shares. The Supreme Court asked SEBI to check "whether there has been a failure to disclose transactions with related parties" and "whether there was any manipulation of stock prices in contravention of existing laws". Seven listed companies of the Adani group have lost about $135 billion in value since the report was published. In its rebuttal, Adani said "all related party transactions are at arm's length, properly disclosed and reviewed/audited by statutory independent auditors". The court also formed a panel to be headed by a retired Supreme Court judge to examine how investor protection mechanisms can be strengthened.

☆ Mukesh Ambani will take credit where it’s due
▼ + stars: | 2022-12-06 | by ( Shritama Bose | ) www.reuters.com time to read: +5 min

Boss Mukesh Ambani might do precisely that to fund a push by his $220 billion Reliance Industries (RELI.NS) conglomerate into consumer lending. The company is spinning off and listing its little-noticed non-bank financial company. More than rivals, Ambani is sitting on a treasure trove of data to assess the credit worthiness of borrowers. As a home-grown tycoon, Ambani has a better chance of success than other late entrants to financial services. On Oct. 21, Reliance revealed plans to spin off Reliance Strategic and rename it Jio Financial Services.

☆ TSX rises on boost from higher energy, metal prices
▼ + stars: | 2022-10-20 | by ( Shashwat Chauhan | ) www.reuters.com time to read: +3 min

The Toronto Stock Exchange sign is seen in Toronto, Ontario, Canada July 6, 2017. ET (14:36 GMT), the Toronto Stock Exchange's S&P/TSX composite index (.GSPTSE) was up 130.27 points, or 0.7%, at 18,804.67. Most of the sectoral indexes were trading higher, with energy (.SPTTEN) in the lead as crude prices rose on tighter supplies and news of China considering reducing the duration of quarantine for inbound visitors. "The market is very sensitive to this and an eventual peaking of short-term rates should provide a positive catalyst towards higher stock prices." Traders are now split evenly between a 75-bps and 50-bps rate hike when the Bank of Canada meets next week.

☆ Mercedes signs 1.5 bln eur deal with Rock Tech Lithium to push e-car drive
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: +1 min

BERLIN, Oct 20 (Reuters) - Mercedes-Benz (MBGn.DE) has signed a supply agreement with Canadian-German Rock Tech Lithium Inc (RCK.V) to receive on average 10,000 tons of battery-grade lithium hydroxide per year, the German carmaker said on Thursday. The deal allows the luxury carmaker to supply its battery partners with raw material, starting in 2026, including a qualification period, in order to rapidly scale up production of fully electric vehicles, it said in a statement. Register now for FREE unlimited access to Reuters.com Register"This significant amount of lithium sourced directly from Rock Tech will help Mercedes Benz to advance localization of European production of state of the art battery cells," Mercedes-Benz management board member Markus Schaefer said. As part of the deal, Rock Tech Lithium plans to supply Mercedes-Benz battery partners from a converter based in Guben, Germany, helping the German luxury carmaker to go fully electric by the end of the decade where market conditions allow. ($1 = 1.0217 euros)Register now for FREE unlimited access to Reuters.com RegisterWriting by Rachel More and Christoph Steitz; Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.

☆ Mercedes signs deal with Rock Tech Lithium to push e-vehicle drive
▼ + stars: | 2022-10-20 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Oct 20 (Reuters) - Mercedes-Benz has signed a supply agreement with Canadian-German Rock Tech Lithium Inc (RCK.V) to receive on average 10,000 tons of battery-grade lithium hydroxide per year, the German carmaker said on Thursday. The deal allows the luxury carmaker to supply its battery partners with raw material, starting in 2026, including a qualification period, in order to rapidly scale up production of fully electric vehicles, the company said in a statement. Register now for FREE unlimited access to Reuters.com RegisterWriting by Rachel More; Editing by Maria SheahanOur Standards: The Thomson Reuters Trust Principles.

☆ Factbox: Automakers accelerate drive to secure battery raw materials
▼ + stars: | 2022-10-10 | by ( ) www.reuters.com time to read: +7 min

read more08-Dec-2021 - Belgium's Umicore (UMI.BR) will supply cathode materials for Volkswagen's European battery cell factories under a joint venture. MERCEDES BENZ (MBGn.DE):23-Aug-2022 - Mercedes-Benz strikes cooperation agreement with Canada to secure access to lithium, nickel and cobalt. read more04-Oct-2021 - BHP Group (BHP.AX) will supply nickel sulphate from Western Australia to Toyota and Panasonic's joint venture. read moreFORD (F.N)22-July-2022 - Ioneer Ltd signs binding offtake agreement with Ford to supply lithium from Rhyolite Ridge in Nevada. read more22-Sept-2021 - Ford partners with startup Redwood Materials to form a "closed loop" or circular supply chain for electric vehicle batteries, from raw materials to recycling.

☆ Federația Rusă obligată să achite despăgubiri de circa 786 mii de lei pentru încălcarea drepturilor unor locuitori ai regiunii transnistrene. Hotărârile CtEDO
▼ + stars: | 2021-06-20 | by ( Daniela Calmis | ) www.zdg.md time to read: +13 min

CtEDO a concluzionat că a R. Moldova și-a îndeplinit obligațiile sale pozitive în privința reclamanților. În aceeași zi, la ora 06:00, ea a fost internată la Spitalul Clinic Republican din Tiraspol (în continuare „SCR”). Deoarece starea de sănătate a victimei s-a deteriorat semnificativ, la 13 iulie 2001 ea a fost transportată de urgență la Spitalul nr. În anii următori, reclamanții au depus numeroase plângeri la diferite autorități din auto-proclamata „republică moldovenească nistreană” (în continuare „rmn”) și din Rusia. Responsabilitatea Federației Ruse pentru încălcarea drepturilor reclamanțilorÎn continuare, Curtea a notat că, în perioada relevantă, R. Moldova a luat toate măsurile posibile pentru a restabili controlul în regiunea transnistreană.

Persons: CtEDO, ., K.S, Reclamanții, Ilașcu, de Organizations: Curtea Europeană, Convenția, Drepturilor, Curtea, Federației, Supremă de Justiție, de Justiție, Justiției Locations: Federația Rusă, transnistrene, . Moldova, Federației Ruse, Republica Moldova, Rusia, Ucraina, Tiraspol, Chișinău, Moldova, reclamate, Catan, Ruse, transnistreană, Convenție, Republicii Moldova

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