Latest News
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FAA banning drone flights over critical infrastructure websites in New Jersey
The Federal Aviation Administration stated on Thursday that it was temporarily disallowing drone flights over 22 crucial infrastructure places in New Jersey. The FAA stated the choice to bar drones for 1 month at the sites was made in an abundance of care at the request of federal security agencies after the firm disallowed drones over two places in New Jersey in November. The new locations throughout the state consist of Jersey City, Elizabeth, Edison, South Brunswick, Camden, Metuchen and Bridgewater. A craze of issue about drones in New Jersey and surrounding states has actually triggered a significant spike in the number of individuals in the area pointing lasers at airplanes flying overhead, which is unlawful and can be dangerous, the FAA said on Wednesday. U.S. firms have repeatedly said that the spike in drone sightings does not position national security dangers and that they appear to be mainly airplane, stars or hobbyist drones. The FAA said on Wednesday that reports are up 269% to 59 in the first half of December, compared to 8 in the exact same period last year. The FAA said it has received lots of brand-new laser reports from pilots in New Jersey, New York City and Pennsylvania airspace. The FBI in New Jersey warned individuals on Wednesday not to shoot at presumed drones or point lasers at them, cautioning that there could be unsafe and potentially deadly repercussions if manned airplane are targeted incorrectly as drones. Authorities have repeatedly said that most of the big fixed-wing sightings included manned aircraft, and came after U.S. President-elect Donald Trump on Monday called for more federal comment on the reported sightings. There have to do with 1 million registered drones flying about 42 million flights each year.
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Ukraine might think about Russian gas transit if Moscow not paid throughout war
Ukraine could think about continued transit of Russian gas on the condition that Moscow does not get cash for the fuel till after the war, President Volodymyr Zelenskiy said on Thursday. Ukraine has previously ruled out extending a contract to transit Russian gas, by means of Ukraine, to Europe, which is due to end at the end of the year. Slovakia, one of the recipients of the gas, has actually been racing to prolong the offer. We would not prolong the transit of Russian gas. We will not provide the possibility of extra billions to be earned on our blood, on the lives of our people, Zelenskiy informed a news conference during a European Union summit in Brussels. However he added: If the country is ready to provide us the gas, however not to pay the money back to Russia till the end of the war, then it's a possible potentiality. We can think of it. The European Commission has stated it is all set for the agreement to end, and all countries receiving Russian fuel through the Ukraine route have access to alternative supplies. Zelenskiy lambasted Slovak Prime Minister Robert Fico, who has alerted of the economic hit his country will deal with if it loses cheap gas from Russia. To be sincere, during war, it's a bit disgraceful to talk about money, because we are losing people, Zelenskiy stated. Zelenskiy stated he informed Fico on Thursday that Ukraine would be open to bring another country's gas through its facilities to reach Europe - but it would require guarantees that this was not merely re-labelled Russian fuel. We have to understand that we will just transit gas if it's. not coming from Russia, Zelenskiy said.
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Pepperell birdie blitz earns preliminary lead at Mauritius Open
England's Eddie Pepperell birdied 4 of his last 5 holes to post a 6 underpar 66 for a one stroke lead after the first round of the DP World Tour's Mauritius Open at Mont Choisy Le Golf on Thursday. Pepperell, 33, who has two previous wins on trip, both in 2018, soared the leaderboard with his birdie burst and overtook Dane Jacob Skov Olesen, who carded 3 birdies and an eagle in a bogey-free 67. After bogeying the second hole I was fretted it was going to be among those Thursdays again, Pepperell stated. However I turned it around truly nicely and played extremely well to be sincere. So I'm extremely pleased. There is a pack of six players a shot further back on four under-par, consisting of a trio of South Africans in Jacques Blaauw, Wilco Nienaber and Jayden Schaper.
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Tunisia purchases 100,000 T of soft wheat and 100,000 T of durum, traders report
European traders reported that Tunisia's grain agency purchased approximately 100,000 metric tonnes of soft wheat, and approximately 100,000 tons durum at an international auction for the same volume held on Thursday. Traders said that the soft wheat, which was 25,000 tons in size, had been purchased at a price of $255.39 per ton with cost and freight included (c&f). Viterra is also said to have sold a second 25,000-ton soft wheat shipment at $256.39 per ton. Traders said that the durum was purchased at a price of $339.49 per ton, cost and freight included, for 25,000 tonnes. The lowest price came from Viterra. The traders reported that Viterra sold another 25,000-ton consignment of durum at $340.49; Amber sold 25,000 tonnes at $340.29; and Casillo sold 25,000 tons for $340.69 per ton, c&f. Tunisia’s state grain agency bought about 100,000 tonnes of soft wheat, and another 100,000 tonnes of durum in its latest tender reported on November 27. It had sought offers for the same amount. The reports reflect the opinions of traders, and it is still possible to estimate prices and volume later. Wheat and durum, both in four 25,000 ton consignments, were sought for shipment 2025 between January 15 and February 25, depending on the origin provided. The tender on Thursday did not mention payment by agencies outside. The World Bank, as well as other organizations helping Tunisia deal with recent financial problems, have provided financing for several tenders over the past few months. (Reporting and editing by Emelia Sithole Matarise; Reporting by Michael Hogan)
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South Korea's MFG purchases another 68,000 T corn in private offer, traders state
South Korea's Major Feedmill Group (MFG) bought another 68,000 metric lots of animal feed corn in a 2nd personal deal on Thursday without providing an international tender, European traders said. This remained in addition to another private offer for 67,000 tons of corn previously on Thursday. The 68,000 ton consignment was purchased an estimated $ 234.80 a ton expense and freight (c&& f) included plus a $1.50. surcharge for additional port unloading. The purchase was expected to be sourced from the United. States, from South America or South Africa. If the corn is. sourced from South Africa, only 50,000 loads need be supplied. Seller was thought to be trading home Cargill with arrival. in South Korea around March 25, 2025. If sourced from the U.S. Pacific Northwest coast, shipment is in between Feb. 9 and March. 10. Reports reflect evaluations from traders and further. estimates of prices and volumes are still possible later.
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Tunisia purchases 100,000 T soft wheat, 100,000 T durum, traders say
Tunisia's state grains firm is believed to have acquired about 100,000 metric heaps of soft wheat and about 100,000 tons of durum in an global tender for the exact same volume on Thursday, European traders stated. The soft wheat was thought to have been bought at the lowest cost of $255.39 a ton expense and freight (c&& f) consisted of for 25,000 heaps from trading house Viterra, traders stated. The durum was believed to have actually been bought at the most affordable rate of $339.49 a ton cost and freight (c&& f) included for 25,000 tons, with the most affordable rate likewise from Viterra, traders said. Reports show assessments from traders and further quotes of rates and volumes are still possible later on. The wheat and durum were both looked for in 4 25,000 heap consignments for 2025 delivery between Jan. 15 and Feb. 25, depending on origin provided.
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South Korea uses Equinor drifting wind power contract
Norwegian energy business Equinor has actually gotten an offer from the South Korean government for a fixedprice power purchase arrangement for a. 750megawatt (MW) drifting offshore wind task, the business. stated on Thursday. We have actually gotten an offer for an offtake agreement for our. Bandibuli task, an Equinor representative told Reuters. The business will now deal with the South Korean authorities. on the details of the offer before possibly signing a. agreement, the representative included. Floating overseas wind is still an immature technology. requiring government assistance and, at 750 MW, Bandibuli is among. the most significant drifting overseas wind projects internationally. A final investment decision for the project, located 70 km. ( 43.5 miles) off the south-east coast of South Korea, is at. least one to 2 years away and is dependent on making sure a. competitive return, the representative said. Equinor is likewise seeking a partner for the task, he included. South Korea's Ministry of Trade, Industry and Energy (MOTIE). announced earlier on Thursday that the 2024 bidding round had. awarded 1,886 MW of fixed-price contracts for overseas wind,. including a very first award for a floating wind job. The ceiling price for the tender had actually been set at 176,565 won. ($ 121.96) per megawatt hour (MWh). However, consisting of a multiplication factor to reflect. innovation and area of jobs, the deal for drifting wind. was around 500,000 won, roughly $350/MWh, a source acquainted with. the conditions said. By contrast, a 400-MW floating overseas wind farm off. Scotland was awarded a strike price of 139.93 pounds ($ 176.35),. quoted in 2012 rates, at an auction round in September.
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Amazon workers strike at seven United States facilities ahead of Christmas rush
Amazon.com employees at 7 U.S. facilities walked off the task early on Thursday during the holiday shopping rush, intending to press the merchant into contract talks with their union. Warehouse employees in cities including New York, Atlanta and San Francisco are participating in the largest strike against Amazon, stated the International Brotherhood of Teamsters, which represents about 10,000 workers at 10 of the company's facilities. The business, nevertheless, said it does not anticipate any effect on its operations throughout among the busiest times of the year. Unions represent only about 1% of the workforce of Amazon, among the largest companies in the U.S. by market value, and it has multiple places in lots of city areas. The union had given Amazon a Dec. 15 due date to start negotiations and storage facility employees had actually recently voted to license a strike. If your plan is postponed during the vacations, you can blame Amazon's pressing greed, Teamsters' General President Sean O'Brien stated late on Wednesday. We provided Amazon a clear due date to come to the table and do right by our members. They overlooked it. This strike is on them. The retailer's shares were trading nearly 1% higher in premarket hours, a sign that financiers do not expect a big disturbance from the strike. The Teamsters have purposefully misguided the public and threatened, daunted and tried to persuade workers and third-party drivers to join them, an Amazon spokesperson said on Thursday. Observers said Amazon was not likely to come to the table to deal as that might unlock to more union actions. It uses more than 1.5 million people worldwide and has stated it chooses direct relationships with workers. Still, the company has actually responded to current organization efforts with legal obstacles. Amazon has actually filed objections with the National Labor Relations Board (NLRB) over a 2022 union vote in Staten Island, alleging bias amongst company authorities. It likewise challenged the constitutionality of the NLRB in a. September federal claim. Earlier this year, the business revealed a $2.1 billion. financial investment to raise spend for fulfillment and transport. staff members in the U.S., increasing base salaries for employees by at. least $1.50 to around $22 per hour, a roughly 7% boost.
Barington chooses Mitarotonda and two others as directors at Matthews, sources say
Activist investor Barington Capital Management chose its founder, James Mitarotonda, and 2 other executives with public board experience as director prospects at casket maker Matthews International, individuals acquainted with the matter stated.
In addition to Mitarotonda, Barington nominated Ana Amicarella, who currently serves on the boards of Forward Air and Warrior Met Coal, and investment market seasoned Chan Galbato, who runs Cerberus Operations and Advisory Business and served on the board of grocer Albertsons till recently, stated the people, who asked to remain anonymous to expose the private discussions.
Matthews did not instantly react to a request for remark.
Barington owns about 2% of the exceptional stock of Matthews, which makes items for cemeteries, funeral homes and crematories. It wants the business to replace Chief Executive Joseph Bartolacci, who has been running the company for nearly two decades, the hedge fund said last week.
It also wants Matthews to consider divesting its SGK Brand name Solutions segment, follow through with its review for its Storage Facility Automation and Product Recognition companies and find a partner for its Energy Storage (dry cell lithium-ion battery) manufacturing organization.
3 Matthews directors who rest on the 11-member board are expected to mean reelection at the company's annual meeting early next year. Barington likewise desires the business to ensure that all directors mean election yearly and plans to send a. proposal to de-classify the board, individuals said.
Matthews stated recently that its business outlook is strong. It formerly revealed it had employed JPMorgan Chase and. was checking out tactical options. That news pushed the stock. cost up more than 20%. Given that January, the company's shares have. lost almost 25% to close at $27.77 on Wednesday.
(source: Reuters)