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Key hurdles for the two projects include the country's caps on domestic gas prices, limits on gas exports and the high costs for carbon capture and storage - required for new gas projects to help fight global warming. Last month, Shell (SHEL.L) said it would sell its holding in the Masela project to Indonesia's Pertamina and Malaysia's Petronas, while Chevron (CVX.N) agreed to sell its stake in the IDD project to Italy's Eni (ENI.MI). Reuters GraphicsNEW TERMS NEEDEDOnce one of the world's top five liquefied natural gas (LNG) exporters, Indonesia's LNG exports have halved in the past decade, Kpler data showed. The country has not approved a major oil or gas project since 2016 - the expansion of BP's (BP.L) Tangguh LNG plant. The current formula for splitting revenue between the government and investors in gas projects sets the base rate at 48% for companies.
Persons: magnifier, Dado Ruvic, Benny Lubiantara, Andrew Harwood, Wood Mackenzie, SKK Migas, Benny, Prateek Pandey, Takayuki Ueda, Naing, Inpex's Ueda, Fransiska Nangoy, Bernadette Christina Munthe, Emily Chow, Yuka Obayashi, Florence Tan, Sonali Paul Organizations: REUTERS, Indonesia, Shell, Chevron, Indonesia Deepwater Development, Petronas, Eni, Essential Services, Reuters, Indonesia Petroleum Association, Rystad Energy, BMI Research, Fitch Group, Tcf, Thomson Locations: Indonesia, JAKARTA, Jakarta, Chevron, Tokyo, Masela, Singapore
Not only did this help to slow down skyrocketing housing costs, it inspired a bipartisan, nationwide expansion of the policy. Home prices in Auckland, New Zealand's biggest city, doubled between 2009 and 2016 and prices across the rest of the country followed close behind. "A typical New Zealand city looks a lot like a typical US city," Gray said. There are three models of housing construction in US cities right now, Gray said. "In terms of an overall objective, I think bringing down house prices to construction costs is an ultimate sign of housing abundance."
Persons: Upzoning, Jenny Schuetz, Matthew Maltman, who's, Ryan Greenaway, Guo Lei, Maltman, There's, Auckland's upzoning, Vicki Been, Bill de Blasio, Schuetz, Nolan Gray, Gray, let's, Brett Coomer, that's, Allison Zaucha, Freemark, we're, Emily Hamilton, Eliza Relman Organizations: Brookings Institute, Auckland, Economic, University of Auckland, New, National Party, Housing, Economic Development, New Zealand, California YIMBY, Urban Institute, Houston, Montana Republicans, George Mason University Locations: New Zealand, Auckland, Australian, Zealand, Auckland , New, New Zealand's, New York, Europe, California, Zealanders, San Francisco, Los Angeles, Phoenix, Houston, Atlanta, Denver, Seattle, Washington, Portland , Oregon, Montana, California . Utah, Minneapolis, New York City
Editor’s Note: Catherine Russell is the executive director of UNICEF and principal advocate on Haiti for the Inter-Agency Standing Committee, a collective body of senior humanitarian leaders. Catherine Russell Danielle Deeb/UNICEFOn my most recent visit to Haiti in June, I met another health care worker who had been kidnapped. And with much of Port-au-Prince and nearby areas beset by such brutality, Haiti’s ongoing humanitarian crisis could soon become a catastrophe. Close to half of the country’s population urgently needs humanitarian assistance, including almost 3 million children, according to on-the-ground information collected by our staff. The UN’s $720 million Humanitarian Response Plan for 2023 is barely a quarter funded.
Persons: Catherine Russell, Catherine Russell Danielle Deeb, , Jovenel Moïse, it’s, António Guterres Organizations: UNICEF, Inter, Agency, CNN, Nations, Port, Twitter, Facebook UN, UN Security Council, UN, Haitian National Police Locations: Haiti, Haiti’s, Port, Haitian
But the tech giants provided a snapshot of the state of the global economy: Consumers and companies are cutting back on some costs, but refusing to stop spending on increasingly essential services. Much of the revenue decline was caused by a drop in iPhone sales, which comprise half of Apple’s overall revenue. But revenue from services — including Apple Music, Apple TV+ and App Store sales — grew 8 percent, reaching a record $21 billion. In India, the company set a record for iPhone sales. The company enjoyed a surge in its core online retail business, showing that customers are still spending despite headwinds like rising interest rates.
Persons: they’re, Apple Organizations: Apple, Apple Music Locations: China, India
The global nature of the climate crisis demands innovation that mobilizes international support. This article is part of "Gains in Green Tech," a series showcasing some of the most transformative solutions to the climate crisis. In essence, we need innovation across business models, products, and services to unlock solutions that are already available to us. It implies that we don't need to modify our lifestyles to tackle the climate crisis. Tackling the climate crisis requires plenty of innovation — perhaps not all of it shiny tech.
Persons: Seratech, Sandberg, yasin hm, Alyssa Gilbert Organizations: Green Tech, Service, International Energy Agency
Moving to a remote island in Ireland could secure you a cash grant — but there are conditions. If you've ever dreamed of leaving everything behind and living on a remote island, now might be your chance. Ireland will give you a grant of up to 84,000 euros ($92,297) if you settle one of the country's coastal islands. Between 1996 and 2016, the population of the islands covered by the policy was found to have fallen by 12.8%. Improving infrastructure and increasing job opportunities, including the option for remote work, are also part of the 10-year plan, she added.
Persons: you've, , Heather Humphreys Locations: Ireland
WHY HAVE UK MORTGAGE RATES SOARED? There are two main types of mortgage rate - variable and fixed. Fixed rate mortgages lock in a particular interest rate upfront, usually for a period of two to five years. Banks say they have to reflect these market moves to avoid pricing mortgages at a loss. Critics say banks could do much more, particularly as they have passed rate rises through to savers much more slowly than mortgage rates have risen.
Persons: BoE, Banks, Nicholas Mendes, John Charcol, Mendes, Jeremy Hunt, Hunt, Roger Gewolb, Sinead Cruise, Iain Withers, Catherine Evans Organizations: Soaring, Bank of, WHO, Finance, ASK, Labour, Fair Finance, Reuters, Thomson Locations: Britain, Bank of England, States
Budrul Chukrut | Lightrocket | Getty ImagesAt midnight on Tuesday, the moderators of the Reddit community r/Gaming decided to go dark. "We're talking hundreds of thousands of volunteers putting in hours a day to keep the site safe, entertaining and enjoyable for community members. As a private company, Reddit doesn't have to disclose its financials or provide revenue and profit projections. "You have a lot of people, both professionals and general community members, who are running the numbers on this," Croach said. Jacqueline Sheeran, known as "MCHammerCurls," is the head moderator of r/Fitness, which has more than 10 million members.
Persons: Budrul, Dacvak, Slack, weren't, Croach, Reddit, Christian Selig, Selig, Steve Huffman, Huffman, Horacio Villalobos, subreddits, they're, , David DeWald, subreddit, Shane McCarthy, McCarthy, Meepster23, ModCoord, Omar, Jacqueline Sheeran, Sarah Gilbert, Gilbert, Huffman's, RamsesThePigeon, that's, there's Organizations: Lightrocket, Reddit, CNBC, Facebook, Twitter, YouTube, Google, Amazon, Yahoo, Microsoft, Corbis, NBC, Wall, NBC News, Cornell University, school's Citizens, Technology Locations: U.S, Lisbon, Portugal
The withdrawal agreement was supposed to be predicated on the Taliban negotiating with the elected Afghan government about some kind of power-sharing arrangement and cutting their ties to terrorist groups like al Qaeda. Zawahiri was living in Kabul with the “awareness” of Taliban officials, according to a Biden senior administration official. Worrisomely, al Qaeda is “covertly rebuilding its external operations capability,” according to the UN, i.e., its ability to launch attacks outside of Afghanistan. Of these, an astonishing 35 hold cabinet-level positions in the de facto Afghan government, according to the report. In sum, “debacle” seems almost too kind a word to describe the Trump-Biden legacy in Afghanistan.
Persons: Peter Bergen, Donald Trump’s, Joe Biden, Biden, Zalmay Khalilzad, , al Qaeda, Ayman al Zawahiri, Zawahiri, Hibatullah Akhundzada, Edmund Fitton, Brown, , Fitton Organizations: New, Arizona State University, Apple, Spotify, CNN, United, US, Afghan, Biden, Trump, US House Foreign Affairs Committee, Taliban, UN, ISIS, Pakistan, Twitter, , NATO Locations: New America, United Nations, Afghanistan, al Qaeda, United States, Qaeda, Kabul, Pakistani, Afghan, Kandahar, America
CNN —Russian forces have been shooting at Ukrainian rescuers trying to reach flooded areas in the Kherson region that are under Russian control, Ukrainian President Volodymyr Zelensky said Wednesday. Ukrainian Prime Minister Denys Shmyhal claimed occupying Russian forces have offered “no help” to residents in flooded areas. Vladyslav Musiienko/Reuters Flooded streets are seen in Kherson on June 7 following the collapse of the Nova Kakhovka dam. Rescuers evacuate a local resident from a flooded area after the Nova Kakhovka dam breached in Kherson, Ukraine, on June 7. Conditions for residents in flooded areas are dire, with “hundreds of thousands of people left without normal access to drinking water,” Zelensky said.
Persons: Volodymyr Zelensky, Zelensky, ” Zelensky, won’t, , Roman Skabdrakov, Denys Shmyhal, , Evgeniy, Angelina Kopayeva, Alex Babenko, Vladyslav Musiienko, Muhammed Enes Yildirim, Tetiana, Ivan Antypenko, Alexey Konovalov, Felipe Dana, Musiienko, Nina Lyashonok, Oleksandra, Alina Smutko, Shmyhal, Oleksandr Prokudin, Ihor, Selena Kozakijevic, Kozakijevic Organizations: CNN, Russian, Rescuers, , Kaiman Volunteer, Military, Ukrainian, AP, Anadolu Agency, Planet Labs PBC, Reuters Red Cross, AP Local, Culture, Reuters, Reuters Local, United Nations, Humanitarian Affairs, UN, Ukraine’s Ministry, Internal Affairs, Internal, CARE Locations: Kherson, Ukrainian, Russian, Nova Kakhovka, Dnipro, Kherson region, Moscow, Russia, Oleshky, Kherson “, Ukraine, Nova, Kherson . Roman, Vladyslav, Libkos, Zelensky, UN
But success in applying AI, whether based on the most advanced machine learning (ML) or the latest generative AI leveraging foundation models, is not just measured in speed. Whether based on ML or foundation models, the more customized your AI models are to those priorities, the better you will be able to serve your customers and deliver real business value. A hybrid cloud architecture provides the data foundation for extending AI deep into the business. If the models contain bias, or if AI models are misleading, "hallucinate," or are not explainable, the risk and cost of reputational damage and regulatory fines could be high. Three opportunities to put AI into actionHere are the best opportunities to derive benefit from AI in your business today:1.
Persons: IBM Watson, Carhartt, Let's Organizations: IBM Consulting, IBM, Dutch Bank ABN AMRO, IT, Insider Studios
CNN —The Biden administration on Thursday imposed financial sanctions and visa restrictions in response to the ongoing violence in Sudan. The announcement of the sanctions comes a day after the Sudanese Armed Forces (SAF) announced it was walking away from talks with the rival Rapid Support Forces (RSF) following numerous ceasefire violations by both sides and as the conflict in Sudan – which has killed hundreds, injured thousands, and triggered a humanitarian catastrophe – continues. “It’s important, in our view, to hold people accountable and to recognize that until the calculus of both parties change they will continue to fight each other and destroy this country,” a senior administration official told reporters Thursday. In addition to the financial sanctions, the US State Department imposed visa restrictions “on specific individuals in Sudan, including officials from the SAF, RSF, and leaders from the former Omar al-Bashir regime, responsible for, or complicit in, undermining Sudan’s democratic transition,” US Secretary of State Antony Blinken said in a statement. The State Department did not specify who the individuals are.
Persons: CNN —, Biden, , Joe Biden, Omar al, Bashir, Antony Blinken, , , Mohamed Hamdan Dagalo, Abdel Fattah al, Burhan –, Al Junaid, Hemedti, Abdul Rahim Dagalo, Major Algoney Hamdan Dagalo Organizations: CNN, Sudanese Armed Forces, SAF, Rapid Support Forces, US Treasury Department, US State Department, State Department, Treasury Department, Al, Co, Major Algoney Hamdan Dagalo . Defense Industries, Technology, Defense Industries System, Department, Sudan “ Locations: Sudan, , Saudi, Jeddah, , United States, Kingdom of Saudi Arabia
Heavy clashes in Sudan's capital as truce set to expire
  + stars: | 2023-05-29 | by ( ) www.reuters.com   time to read: +1 min
DUBAI, May 29 (Reuters) - Heavy and sustained clashes could be heard on Monday in parts of Sudan's capital, residents said, hours before the expiry of a shaky ceasefire deal that had brought some respite from a six-week-old conflict but little humanitarian access. Fighting continued from Sunday into Monday in the south and west of Omdurman, one of three adjoining cities that make up Sudan's greater capital. Across the River Nile in southern Khartoum residents also reported clashes late on Sunday. Saudi Arabia and the United States said on Sunday that both the army and the RSF had repeatedly violated the truce and had impeded the delivery of humanitarian access and restoration of essential services. Reporting by Khalid Abdelaziz Writing by Aidan Lewis, Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.
[1/5] Iraqi residents walk along Mutanabbi Street in Baghdad, Iraq, May 14, 2023. "This push to develop the capital Baghdad is the most extensive undertaking of its kind," he told Reuters in an interview. 'BAGHDAD COMING BACK'Iraqi-Canadian artist Iyad Al-Mosawi fled Baghdad as a child amid war with Iran in the 80s and did not return until 2019. "I find that Baghdad is coming back," Mosawi said, noting he had attended eight exhibition openings in just two weeks. Reporting by Timour Azhari and Amina Ismail in Baghdad; Writing by Timour Azhari; Editing by William MacleanOur Standards: The Thomson Reuters Trust Principles.
But the crucial question of how to pay for the momentous shift in national priorities remains. In France, for instance, government spending as a percentage of the economy, at 1.4 trillion euros ($1.54 trillion), is the highest in Europe. Debates over competing priorities are playing out in other capitals across the region — even if the trade-offs are not explicitly mentioned. It was just one in a series of walkouts by public workers who complained that underfunding, double-digit inflation and the pandemic’s aftermath have crippled essential services like health care, transportation and education. Romania, which has been running up its public debt over the years, has pledged to lift military spending this year by 0.5 percent of national output.
Why It MattersWith more than 200 locations across New York, the city’s public library systems are beloved as a community resource and a foundation of critical priorities like childhood reading and providing access to the internet. “This investment is an investment in the people of New York City,” he said in a statement. What’s NextLeaders in the City Council have vowed to fight the mayor’s cuts, with a budget deal expected in June. On Wednesday, Adrienne Adams, the City Council speaker, said the budget fight was far from over. The mayor’s executive budget, she said, “still leaves our libraries facing significant service cuts, agencies that deliver essential services harmed, and programs that deliver solutions to the city’s most pressing challenges without the investments needed.”
GENEVA, April 26 (Reuters) - The World Health Organization (WHO) expects "many more" deaths in Sudan due to outbreaks of disease and a lack of essential services amid fighting, its director general said on Wednesday. A logo is pictured on the headquarters of the World Health Orgnaization (WHO) ahead of a meeting of the Emergency Committee on the novel coronavirus (2019-nCoV) in Geneva, Switzerland, January 30, 2020. But paramedics, nurses and doctors are unable to access injured civilians, and civilians are unable to access services." However, the absence of clean water and vaccines, as well as other sanitation issues, represented the main risk to Sudanese, he added. Reporting by Gabrielle Tétrault-Farber in Geneva and Jennifer Rigby in London; editing by John StonestreetOur Standards: The Thomson Reuters Trust Principles.
GENEVA, April 25 (Reuters) - There is a "high risk of biological hazard" in Sudan's capital Khartoum after one of the warring parties seized a laboratory holding measles and cholera pathogens and other hazardous materials, the World Health Organization said on Tuesday. Speaking to reporters in Geneva via video link from Sudan, the WHO's representative in the country, Nima Saeed Abid, said technicians were unable to gain access to the National Public Health Laboratory to secure the materials. Fighting erupted between the Sudanese armed forces and Rapid Support Forces (RSF) paramilitaries on April 15 and has killed at least 459 people and injured 4,072, according to the WHO's latest figures. The WHO has reported 14 attacks on health facilities since the clashes began and is relocating its staff to safety. Smoke is seen rise from buildings during clashes between the paramilitary Rapid Support Forces and the army in Khartoum North, Sudan.
The Sudan Armed Forces (SAF) and paramilitary Rapid Support Forces (RSF) agreed to a 72-hour ceasefire beginning on Tuesday after negotiations mediated by the U.S. and Saudi Arabia. U.N. special envoy on Sudan Volker Perthes told the U.N. Security Council on Tuesday that the ceasefire "seems to be holding in some parts so far." The fighting has paralysed hospitals and other essential services, and left many people stranded in their homes with dwindling supplies of food and water. The U.N. humanitarian office (OCHA) said shortages of food, water, medicines and fuel were becoming "extremely acute", prices were surging and it had cut back operations for safety reasons. Since the fighting erupted, tens of thousands have left for neighbouring Chad, Egypt, Ethiopia and South Sudan.
[1/2] PSAC National President Chris Aylward speaks to media after more than 155,000 public sector union workers with the Public Service Alliance of Canada (PSAC) began a strike, in Ottawa, Ontario, Canada April 19, 2023. The contract negotiations cover two main groups of employees: 120,000 workers under the Treasury Board and more than 35,000 revenue agency workers. Tax agency workers want a pay bump of 22.5% over three years, while the Treasury Board workers are seeking a 13.5% pay rise over three years. * New language in the agreement with the revenue agency to protect union members' work from being contracted out to private firms. About 48,000 union workers have been deemed essential and will continue to report to work during the labor disruption.
A third of federal workers are on strike in Canada
  + stars: | 2023-04-19 | by ( Paula Newton | ) edition.cnn.com   time to read: +2 min
Ottawa CNN —Nearly a third of Canada’s federal workers walked off the job Wednesday morning in one of the largest strikes in the country’s history. But in a statement released late Tuesday, the Public Service Alliance of Canada (PSAC), the union representing government workers, said it had ‘exhausted every other avenue to reach a fair contract’. “Now more than ever, workers need fair wages, good working conditions and inclusive workplaces,” said Chris Aylward, PSAC national president in a statement. Large-scale strikes have been popping up around the world as workers grow increasingly frustrated with surging inflation. Nationwide strikes in Germany, the United Kingdom and France have recently shut down services across the countries.
Firefighters in Johannesburg extinguish a fire. The city has a shortage of operational fire engines. JOHANNESBURG—Insurance companies in South Africa are fixing potholes, sponsoring fire brigades and directing traffic in an attempt to lower payouts and lure new clients as the country’s government increasingly struggles to provide vital public services. Corruption, mismanagement and the deepest recession on record amid the coronavirus pandemic have eroded the finances of South Africa’s municipalities and state-owned companies that are responsible for repairing infrastructure and providing essential services. With their unusual activities, South African insurers are joining other private companies in taking over public services, such as security, healthcare, education and mail delivery, in a country that the World Bank ranks as the most unequal on earth.
[1/6] A woman sitting on a hammock holds her baby next to the destroyed wall of her house following an earthquake in Isla Puna, Ecuador March 18, 2023. REUTERS/Maria Fernanda Landin/File PhotoMarch 19 (Reuters) - Ecuadorian and Peruvian authorities worked on Sunday to assess the damage caused by the previous day's strong earthquake that shook the region, leaving at least 15 dead and hundreds injured. State-run oil company Petroecuador reported that an offshore platform near the epicenter suffered damage that caused machinery to fail, temporarily reducing production. Peruvian authorities reported one death, four collapsed homes and five more left uninhabitable, while essential services and transportation infrastructure were undamaged. During his Sunday message, Pope Francis sent his condolences for the losses and "all those who suffer" due to the earthquake.
SYDNEY, Feb 23 (Reuters) - Australia's centre-left government said on Thursday it would push ahead with plans to change superannuation rules, including restricting early access to funds until retirement and limiting tax breaks for high-earners. Jones said restricting early access to funds is "fundamental" as it supported retirement incomes. Federal Treasurer Jim Chalmers estimates tax breaks on superannuation will cost the budget more than pension by 2050. Shadow Treasurer Angus Taylor told Sky News the savings of Australians were "not a piggy bank for the government to tax and spend." The chief of Australia's biggest pension fund, AustralianSuper, in November warned against government efforts to tap into retirement savings worldwide.
Sen. Rick Scott defended his plan in an opinion piece published on Friday. WASHINGTON—Sen. Rick Scott (R., Fla.) said he will exempt Social Security, Medicare and veterans programs from his plan to sunset all federal legislation in five years, bowing to criticism from Democrats as well as fellow Republicans over the proposal. Under Mr. Scott’s revised Rescue America plan, those entitlement programs as well as national security and other essential services would no longer face regular requirements to have Congress reapprove them. The proposals were initially unveiled when Mr. Scott was the head of his party’s Senate campaign committee and became a political lightning rod even as many fellow Republicans distanced themselves from the document.
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