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☆ Chinese and Local Workers Clash at Indonesia Nickel Smelter, Leaving Two Dead
▼ + stars: | 2023-01-16 | by ( Jon Emont | Austin Ramzy | ) www.wsj.com time to read: 1 min

A clash involving Chinese and Indonesian workers at a nickel smelter in Indonesia left two people dead and a part of the facility burned down, showing how tensions have accompanied the expansion of Chinese investment in operations to mine and process the lucrative metal in the Southeast Asian country. The violence—which broke out Saturday at the facility of PT Gunbuster Nickel Industry, a subsidiary of China’s Jiangsu Delong Nickel Industry Co.—involved the use of pipes and rocks, a police spokesman said. As the confrontation spiraled, workers set fire to mess halls, dozens of rooms and heavy machinery, said the spokesman, Didik Supranoto .

☆ Indonesia Risks Confrontation With China Over Gas Project in South China Sea
▼ + stars: | 2023-01-12 | by ( Jon Emont | ) www.wsj.com time to read: 1 min

Indonesia intensified naval and air patrols around the Natuna Islands after it inaugurated a military command base on the cluster’s main island in 2018. Around a remote cluster of islands in the South China Sea, Indonesia is pushing back against Beijing’s expansive claims over the strategic waterway. It announced last week that it had approved plans to develop a large natural-gas field near the Natuna Islands. The field sits within Indonesia’s 200-mile exclusive economic zone, which means that under international law, Jakarta has the right to exploit natural resources there. But China’s claims cover almost all of the South China Sea, extending to the area where the gas field lies, nearly 1,000 miles from the Chinese mainland.

☆ Cambodia Casino Fire Death Toll Rises to 25 as Search for Bodies Continues
▼ + stars: | 2022-12-30 | by ( Sun Narin | Jon Emont | ) www.wsj.com time to read: 1 min

POIPET, Cambodia—As the flames closed in, Ing Bunleng rushed to the closest window carrying a colleague’s 6-year-old daughter in his arms. A fire was tearing through the casino hotel where he was employed as a bar manager. They needed to find a way down from the workers’ dormitory on the third floor. Looking out from the window, Mr. Ing saw a ladder rescuers had put up. The child’s mother, who was working on a higher floor, is still missing.

☆ Poland's Allegro posts higher profit on return to growth at home
▼ + stars: | 2022-11-30 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Q3 core profit beats expectationsPolish core profit returns to growthMakes progress with Mall turnaroundFocuses on cost managementNov 30 (Reuters) - Poland's biggest e-commerce platform Allegro (ALEP.WA) reported a rise in third-quarter core profit on Wednesday, driven by recovery in its home market and smaller losses at Mall, the Czech online retailer it acquired earlier this year. In the company's home market, better delivery cost management and an increase in high-margin ad revenue powered a recovery in core profit. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) rose 13.9% to 537.3 million zlotys ($119.16 million), beating expectations of 496 million zlotys in a company-compiled consensus. Through this 'fit to grow project' we are looking for ways to make sure we balance the margins with the growth," Eastick said, but declined to give a specific guidance. Allegro said it was making progress with turnaround at Mall business, with core profit loss slowing down to 50 million zlotys compared with 62 million in the second quarter.

☆ SpaceX fired 9 employees who organized an open letter describing Elon Musk's tweeting as a 'distraction and embarrassment,' report says
▼ + stars: | 2022-11-17 | by ( Kate Duffy | ) www.businessinsider.com time to read: +3 min

SpaceX fired nine employees who shared an open letter in June, criticizing Elon Musk, per the NYT. Musk has recently fired Twitter employees for openly criticizing him on the platform. It's now understood that nine SpaceX employees were fired over the letter, The Times reported on Thursday, citing workers and lawyers. Two SpaceX employees told the newspaper that the company held a meeting for 20 engineers the day after the firings. "SpaceX is Elon and Elon is SpaceX," Edwards said, according to the two employees who spoke to The Times.

☆ Amazon's retail business is scrounging for spare change ahead of a tough holiday sales season by asking sellers for lump sums of cash and limiting inventory
▼ + stars: | 2022-11-16 | by ( Katherine Long | ) www.businessinsider.com time to read: +6 min

The company has also instituted inventory and restock limits on third-party sellers. Amazon's representative said the new restock limits were intended "to ensure a successful holiday season." "Restock limits are designed to create more capacity for sellers who are using space efficiently," the person added. Another seller said he estimated that in two weeks he wouldn't have any more inventory left in Amazon warehouses because of Amazon's inventory and restock limits. Amazon sellers have said they are feeling increasingly squeezed by the e-commerce giant's fee structures.

☆ U.S., Allies Announce $20 Billion Package to Wean Indonesia Off Coal
▼ + stars: | 2022-11-15 | by ( Ed Ballard | Jon Emont | ) www.wsj.com time to read: 1 min

Wealthy countries including the U.S. and some of the world’s biggest banks backed a $20 billion funding plan to steer Indonesia, the world’s largest coal exporter, toward renewables as part of efforts to help emerging economies decarbonize. The funding, announced at a meeting of G-20 leaders, is aimed at one of the thorniest climate challenges. Developing countries like Indonesia, India and South Africa say they can’t afford to quickly transition to renewable energy. But if they stick with fossil fuels, carbon emissions will rise as their economies grow.

☆ NASA crashes DART spacecraft into an asteroid, testing a tactic to bump space rocks away from Earth
▼ + stars: | 2022-09-26 | by ( Paola Rosa-Aquino | Marianne Guenot | ) www.businessinsider.com time to read: +6 min

NASA's 1,376-pound probe traveled about 6.8 million miles before crashing into the asteroid, as part of the Double Asteroid Redirection Test (DART) mission. Scientists will be monitoring the trajectory of the asteroid, Dimorphos, which orbits a larger asteroid, Didymos. As the DART spacecraft flew closer, Dimorphos emerged as a separate point of light that grew larger and brighter. NASABelow, one of the last frames beamed at Earth from DRACO before the DART spacecraft ate it, showing several boulders on the asteroid surface. The DART mission operations team at the Johns Hopkins Applied Physics Laboratory erupted in applause after the probe's successful demise.

☆ Montana accepting transgender birth certificate changes
▼ + stars: | 2022-09-23 | by ( Associated Press | ) www.nbcnews.com time to read: +2 min

(AP) — The state health department has restored the ability for transgender people to apply to correct the gender marker on their Montana birth certificate after a judge blocked enforcement of a law that would have required them to have surgery first. The gender designation forms are available on the department’s website. Montana is required to process the applications after District Judge Michel Moses issued a temporary injunction against enforcing a state law that would have required transgender residents to have undergone a surgical procedure before changing the sex on their birth certificate. However, the state did not begin accepting applications and instead passed a rule saying that nobody could change the sex on their birth record unless there was a clerical error. No applications requesting a gender designation change had been returned to the state Vital Records department as of mid-day Thursday, Ebelt said.

Keep up to date on the latest of Trump's legal travails, both criminal and civil, with this guide to the ever-evolving Trump docket. The Issues: Trump's real estate and golf resort business is accused of giving its executives pricey perks and benefits that were never reported as income to taxing authorities. The issues: They say Donald Trump sicced his security guards on their peaceful, legal protest outside Trump Tower in 2015. Donald Trump, right, sits with his children, from left, Eric Trump, Donald Trump Jr., and Ivanka Trump during a groundbreaking ceremony for the Trump International Hotel on July 23, 2014, in Washington. The Issues: Donald Trump is accused of promoting a scam multi-level marketing scheme on "The Celebrity Apprentice."

☆ NASA's unprecedented DART mission will intentionally slam a spacecraft into an asteroid next week
▼ + stars: | 2022-09-23 | by ( Paola Rosa-Aquino | ) www.businessinsider.com time to read: +5 min

NASA's Double Asteroid Redirection Test will collide with an asteroid on September 26. NASA's Double Asteroid Redirection Test (DART) mission launched atop a SpaceX Falcon 9 in November 2021, with the aim of nudging a space rock into a slightly tighter orbit around its companion asteroid. The $308 million spacecraft traveled 6.8 million miles from Earth to Dimorphos, a small asteroid orbiting the asteroid Didymos. NASA JPL DART Navigation TeamOn Monday, September 26, four hours before impact, DART will switch into autonomous mode, steering itself toward its target. An animation from behind as NASA's first planetary defense test mission, the Double Asteroid Redirection Test, collides with the asteroid moonlet Dimorphos.

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