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☆ Singapore claims to have world-class talent. One executive living and working here for 17 years shares why this is true.
▼ + stars: | 2024-03-18 | by ( Sponsor Post | ) www.businessinsider.com time to read: +7 min

Darul Kisai, director of manufacturing and supply network operations, has dedicated 17 years to Procter & Gamble's Singapore plant. P&G benefits from the contributions of dedicated, top-tier talents like Kisai, who chose Singapore to pursue a meaningful career. Darul Kisai, manufacturing and supply network operations director, P&G, Singapore. "Singapore and P&G serve as magnets for top talent because they offer a platform where individuals can contribute significantly both professionally and personally." Here to stayFor those contemplating a move to Singapore, Kisai suggests conducting thorough research on potential employers and the country itself.

Persons: Kisai, Kris LeBoutillier, he's, I've, Darul Kisai, — Organizations: Singapore, Procter, Gamble's, Massachusetts Institute of Technology, MIT, Procter & Gamble, Insider Studios, Singapore Economic Development Board Locations: Gamble's Singapore, Singapore, Asia, Malaysia, US, Darul Kisai, Darul, New York City, Pakistan

☆ Sydney Harbour shark attack puts Australian swimmers on edge
▼ + stars: | 2024-01-30 | by ( Hilary Whiteman | ) edition.cnn.com time to read: +6 min

Monday night’s attack was the first in Sydney Harbour since 2009, when a bull shark tore off the arm of an Australian Navy diver near Green Island. “Sydney residents do love swimming in Sydney Harbour. Dan Himbrechts/EPA-EFE/ShutterstockWarmer waters mean more sharksAustralia is second only to the United States when it comes to “unprovoked” shark attacks, according to the International Shark Attack File. January and February are peak months for bull sharks in Sydney Harbour, which go there to feed and breed during the warmer months. Despite the frequency of visits by bull sharks to Sydney Harbour, there’s no separate system to monitor them.

Persons: Lauren O’Neill, Elizabeth Bay, Linda Scott, ”, “, Gerard Soury, Michael Porter, ” Porter, Fiona Crago, ” Crago, Dan Himbrechts, Amy Smoothey, Smoothey, ” Smoothey, Scott Organizations: Australia CNN, Sydney Harbour, Opera, Sydney, Australian Navy, CNN, Bank, Sky News, Local, Tweed Heads, NSW Department of Primary Industries, East Australian Locations: Brisbane, Australia, Sydney, Elizabeth, Sydney Harbour, Green Island, Potts Point, Elizabeth Bay, United States, New South Wales, Bega, Tweed, Queensland, there’s, NSW, ”

☆ Shark Attacks Woman Swimming in Sydney Harbour
▼ + stars: | 2024-01-29 | by ( Jan. | At P.M. | ) www.usnews.com time to read: +1 min

SYDNEY (Reuters) - A woman swimmer was seriously injured in a shark attack in Sydney Harbour and had been taken to the hospital in a stable condition, authorities said on Tuesday. Police said they had been told the woman was swimming off the wharf when the shark attacked her. While shark sightings along Sydney's ocean-facing beaches are common, attacks in its iconic harbour are rare. Monday's incident took place near the Opera House and Harbour Bridge. "Shark bites are really rare ... the last incident that occurred in Sydney Harbour was in 2009," Amy Smoothey, senior shark scientist at the New South Wales department of primary industries, told the Australian Broadcasting Corp.Based on the bite patterns and images provided, the woman was likely attacked by a bull shark, Smoothey said.

Persons: Amy Smoothey, Smoothey, Renju Jose, Michael Perry Organizations: SYDNEY, Police, Opera, New South, Australian Broadcasting Corp Locations: Sydney Harbour, Elizabeth Bay, New South Wales, Sydney

The second largest contributor to real gross domestic product growth in the third quarter came from business inventories (1.3 percentage points). South Korea's KOSPI-100 equity index, which is usually a good proxy for global trade given its heavy weighting towards export-oriented firms, rebounded strongly through the end of July. But the index has since weakened, consistent with the renewed downturn in volumes shown in the global trade index. UNCERTAINTYUncertainty about the economic outlook and ambiguous data are usually greatest around turning points in the business cycle. Related columns:- Persistent U.S. services inflation dampens oil outlook (October 13, 2023)- U.S. manufacturing rebound will stretch diesel supplies (October 5, 2023)- Global container freight stuck in doldrums (June 23, 2023)- Global freight shows signs of bottoming out (April 27, 2023)John Kemp is a Reuters market analyst.

Persons: Stringer, Korea's, John Kemp, David Evans Organizations: REUTERS, Global, Economic, Service, Real, Ministry of Transport, Treasury, Thomson, Reuters Locations: Qingdao, Shandong province, China, United States, Netherlands, CHINA, ASIA, Singapore, Asia, Europe, Japan, Narita, EUROPE Europe, Ukraine, Germany, doldrums

Total generation increased by almost 63 billion kilowatt-hours (kWh) (9%) compared with the same month a year earlier, according to the National Bureau of Statistics. Most of the increase was supplied by hydro-electric generation (+40 billion kWh) as the massive new Baihetan Dam on the Jinsha River compensated for poor rainfall. The rest came from thermal generators (+13 billion kWh), solar (+4 billion kWh), wind (+2 billion kWh) and nuclear generators (+2 billion kWh). Prolonged drought across southern China since mid-2022 has depressed hydro generation, requiring more thermal output to fill the gap, almost all from coal. RENEWABLE ROLLOUTChina is investing heavily in renewable generation to curb greenhouse gas emissions as well as reduce dependence on imported oil and gas.

Persons: Jason Lee, Gorges, John Kemp, Rod Nickel Organizations: Grid Corporation of, REUTERS, National Bureau of Statistics, National Energy Administration, Thomson, Reuters Locations: Grid Corporation of China, Zhangjiakou, Hebei province, China, Chartbook, India

The 44-year-old man was surfing near Lighthouse Beach, Port Macquarie when a shark launched a “sustained and prolonged attack,” New South Wales (NSW) police said in a statement. Police said a bystander applied a tourniquet before paramedics transferred the surfer to Port Macquarie Hospital in critical condition. “[He is in] a serious condition with life threatening injuries, sustained from the lower leg injuries, and also significant blood loss,” NSW Police Chief Inspector Martin Burke said. Australia ranked behind only the United States in the number of unprovoked shark encounters with humans last year, according to the Florida Museum’s International Shark Attack File. According to the Australian Shark Incident Database, there were 10 shark encounters in New South Wales in 2022, resulting in seven injuries and one death.

Persons: Martin Burke, “ Organizations: CNN, 9News, Police, Port Macquarie Hospital, ” NSW Police, Port Macquarie, Facebook, Department of Primary Industries, Fisheries, Life, NSW, Australia, Florida, Australian, Incident Locations: Lighthouse Beach, Port Macquarie, New South Wales, NSW, United States

☆ Australia's 'seahorse hotels' aim to save endangered species
▼ + stars: | 2023-07-20 | by ( Cordelia Hsu | ) www.reuters.com time to read: +2 min

[1/3] A White's Seahorse feeds at the Sydney Institute of Marine Science aquarium in Sydney, Australia, June 22, 2023. REUTERS/Cordelia HsuSYDNEY, July 20 (Reuters) - Nestled beneath the surface of Sydney’s harbour, over 350 newly released White’s Seahorses make themselves at home in their seahorse hotels. Made from biodegradable metal, the eight new hotels installed will provide much needed homes for the endangered seahorses. “It was really fantastic,” said marine biologist Mitchell Brennan, the project manager of the Sydney Seahorse Project. White’s Seahorses are endemic to the waters surrounding Australia’s east coast and were classified as endangered on the IUCN Red List in 2017 due to loss of habitat.

Persons: Cordelia Hsu SYDNEY, ”, Mitchell Brennan, ” Brennan, “ We’ve, Cordelia Hsu, Alasdair Pal, Stephen Coates Organizations: Sydney Institute of Marine Science, REUTERS, Sydney Seahorse, University of Technology, New, Department of Primary Industries, IUCN, seahorses, Thomson Locations: Sydney, Australia, University of Technology Sydney, New South Wales, NSW, Sydney Harbour, NSW’s, Chowder Bay

New rules imposed in February force infant formula makers to invest heavily to re-make, test, certify and re-register their products for China, before potentially conducting new marketing campaigns. “The new standard requires higher product quality as well as stronger manufacturing techniques which are expected to eliminate many small-to-medium-size players,” said Quinn Mai, analyst at Euromonitor International, which estimates China’s infant formula market will fall 12.5% to $21 billion by 2025 due to shrinking demand. China's National Health Commission (NHC) cited infant safety when announcing the latest rules. Celia Ning, director at the nutrition research institute of formula maker Junlebao, said the registration process could "easily" take a year. Another, Fonterra (FCG.NZ), said it was progressing through the re-registration process but that infant formula made up a relatively small part of its China business, with declining birth rates and regulation driving industry consolidation.

Persons: ”, Quinn Mai, Jane Li, Li, Celia Ning, Junlebao, Ning, SAMR, Nestle, Marius Zaharia Organizations: Euromonitor, Health Commission, NHC, State Administration, Market, “, Unicef, Companies, Abbott Laboratories, Reuters, New Zealand's Ministry, Primary Industries, Milk, Global, Nestle, Danone, HK, “ Companies, Thomson Locations: HONG KONG, China, Auckland, “ Beijing, India, U.S, Hong Kong, Beijing, Lincoln

Big increases from mostly coal-fired thermal generators (+149 billion kWh), wind farms (+79 billion kWh) and solar generators (+19 billion kWh) offset a fall in hydro production (-82 billion kWh). Chartbook: China electricity generationThe two provinces of Sichuan (354 billion kWh) and Yunnan (296 billion kWh) in southern China produced almost half of the country’s total hydro-electric power (1,352 billion kWh) in 2020. ENERGY SECURITYSouth China’s drought and reduced hydro generation explains why the central government has encouraged coal miners to maximise production and coal-fired generators to stockpile fuel. Coal imports increased by +86 million tonnes (+90%) in the first five months as generators and steelmakers took advantage of lower international prices to rebuild inventories. Large numbers of new coal-fired plants are being authorised and built to meet short-term load growth and reliability requirements even as government plans to reduce the share of coal-fired generation in the medium and long-term.

Persons: steelmakers, John Kemp, Barbara Lewis Organizations: National Bureau of Statistics, Coal, China Electricity Council, Thomson, Reuters Locations: China, Chartbook, Sichuan, Yunnan, Yibin

Total electrical generation increased by 128 billion kilowatt-hours (4.9%) between January and April compared with the same period in 2022, according to the National Bureau of Statistics (NBS). Increases from thermal power plants (+83 billion kWh), wind farms (+64 billion kWh), solar farms (+16 billion kWh) and nuclear units (+6 billion kWh) more than offset reduced hydro-electric output (-42 billion kWh). Renewables wind and solar provided 14% of generation up from just 3% in 2014, while nuclear supplied 5% up from 2%. Ensuring sufficient electricity generation to meet rapidly rising demand from industry and households is the more urgent priority in the short term while reducing emissions is a more long-term goal. INDUSTRY FOCUSOn the consumption side, electricity demand growth in the first four months shows a clear emphasis on industry rather than households.

☆ Factbox: The biggest financial crises of the last four decades
▼ + stars: | 2023-03-25 | by ( ) www.reuters.com time to read: +4 min

Fears of banking contagion remain, and investors are worried that global economies will suffer if the effects of higher interest rates torpedo more lenders. Michael Milken had helped popularize the financial instrument, with many using it as a way of funding leveraged buyouts. The country ended up getting external financial support from the International Monetary Fund and a $50 billion bailout from the United States. GLOBAL FINANCIAL CRISIS OF 2008The biggest financial crisis since the Great Depression was rooted in risky loans to shaky borrowers, which started to lose value after central banks raised interest rates in the period leading up to the crisis. EUROPEAN DEBT CRISISSpurred by the 2008 financial crisis, surging debt at some of the major European economies led to a loss of confidence in the region's businesses.

☆ Egg shortage sends New Zealanders rushing to buy their own hens
▼ + stars: | 2023-01-20 | by ( Michelle Toh | ) edition.cnn.com time to read: +5 min

In the United States, egg prices have far surpassed the increase in other grocery items, soaring nearly 60% in the 12 months to December compared to the year before. The trend has prompted animal welfare advocates to warn against making impulse buys. “Egg producers had the option to move to colony cages, barns and free-range systems,” added Hyde, the ministry’s acting national manager of animal welfare and national animal identification and tracing compliance. “It’s a significant change for the egg supply industry,” Emma Wooster, the company’s head of public relations, told CNN in a statement. New Zealand is currently undergoing a major egg shortage, squeezing businesses and sparking a rush in demand for pet chickens.

☆ Viking cruise passengers tried to maintain their sense of humor after marine growth on the ship's hull left them trapped onboard for 10 days: 'It was a plot twist'
▼ + stars: | 2023-01-12 | by ( Erin Snodgrass | ) www.businessinsider.com time to read: +7 min

Passengers aboard the Viking Orion missed several port stops due to marine growth on the ship. It was to be the "trip of a lifetime," Heydrick told Insider. The Viking Orion made headlines last month after the cruise ship missed several planned port stops due to "marine growth" found in the ship's hull. Cruise liner Viking Orion (L) is moored in Melbourne's Port Philip Bay on March 24, 2020. "Viking Orion" cruise ship under the flag of Norway is seen anchored at Bodrum Cruise Port in Bodrum district of Mugla, Turkey on April 18, 2021.

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