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Postal Service chief 'completely dedicated' to prompt US ballot deliveries
U.S. Postmaster General Louis DeJoy said on Monday he is personally completely devoted to guaranteeing all 2024 governmental election tallies are delivered in a timely style and vowed to react to concerns raised by state and regional officials. A group of about 3 dozen election authorities from the National Association of State Election Directors and other groups on Wednesday raised major concerns about USPS's capability to deliver millions of tallies for the 2024 presidential election, pointing out concerns about processing center operations, lost or postponed election mail, and front-line training shortages affecting USPS's ability to deliver election mail in a prompt and accurate manner. DeJoy stated in a letter launched on Monday that he would hold a call with state officials to address particular concerns. The authorities stated that, despite duplicated conferences with USPS election staff, we have actually not seen improvement or collective efforts to remediate our issues. DeJoy stated the USPS Office of Inspector General is auditing its plants and delivery units and will report any election mail problems they find and we will address those issues expeditiously. Starting Oct. 1, USPS will deploy ballot monitors and others in processing, retail and shipment units to reinforce and magnify our policies and procedures on the ground USPS said typically it is currently delivering mail in 2.7 days however continues to recommend as a sensible procedure that citizens need to mail their completed ballot before Election Day, and a minimum of one week prior to their state's deadline. The inspector general has said 46% of votes were cast by mail in the November 2020 presidential election, compared with 21% in the 2016 election. USPS said in the 2020 general election, it provided 99.89%. of ballots from voters to election authorities within seven days. Voting by mail in some states is set to begin in the coming. weeks.
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Libyan crude exports rose dramatically recently, shipping data show
Libyan crude exports reached about 550,000 barrels each day recently, a threefold increase on the previous week, according to information from analytics firm Kpler and a shipping representative. Tankers bring unrefined including Flavin, Pacific Pearl, Ghibli, and Delta Atlantica set sail to European destinations from numerous Libyan ports in the week beginning Sept. 9, the information show. This comes as the OPEC manufacturer remains in the throes of a. political stand-off that has actually hampered its oil production. The standoff started last month when western Libyan. factions transferred to oust central bank governor Sadiq al-Kabir,. prompting eastern factions to declare a shutdown to all oil. output. Kabir intends to be renewed as governor through. U.N.-backed negotiations between your home of Representatives. parliament in eastern Libya and the High State Council based in. Tripoli in the west to deal with the crisis. The nation's National Oil Corporation, which manages. Libya's fossil fuel resources, has not stated force majeure on. all port loadings and has actually so far chosen to use the procedure on. specific cargoes. It stated force majeure on all crude production at El Feel. oilfield on Sept. 2 and on exports from the Sharara field on. Aug. 7, before the crisis over the reserve bank started. The corporation stated on Aug. 28 that oil production had. dropped by more than half from common levels to about 590,000. bpd, however has actually not made public any new production figures because.
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AirBaltic is in pre-IPO talks with one tactical partner, says CEO
Latvian provider airBaltic is in preIPO talks with one strategic financier at the minute, President Martin Gauss told Reuters on Monday, decreasing to discuss reports that the airline remained in conversations with Lufthansa relating to an investment. In our case, we are speaking with one strategic pre-IPO financier, Gauss stated in an interview in London, including that in the IPO preparation stage, the provider could talk to other anchor and foundation investors. Gauss had formerly said that he sees airBaltic one day belonging to a larger airline group like Lufthansa, however on Monday he reiterated that he does not see that happening in the next five years. Executives, analysts and investors say the European airline sector needs more debt consolidation to prosper as numerous smaller national carriers continue to struggle. Gauss stated airBaltic's distinct wet lease service - whereby it rents out some of its airplane to other airlines on a. temporary basis to plug capability spaces - offered it a benefit. ahead of its going public as airline companies around the. world dealt with jet shortages and shipment delays. The IPO on Nasdaq. Riga is set for either the 2nd half of this year or early in. 2025. Recent occasions such as the machinists' strike at Boeing. , which might worsen delivery hold-ups for the airplane. manufacturer, might even more help airBaltic's service, he stated. Last week, Lufthansa stated it was extending its damp lease. collaboration with airBaltic for another three years past the. summertime of 2025. Gauss said airBaltic was also in talks with capacity. clients for its damp lease business in Saudi Arabia, India and. central Africa. He declined to talk about the specific timing of the IPO. There is a ... general opinion that around the
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Daimler Truck eyes half of Europe sales from EVs in 2030
Daimler Truck , among the world's greatest business vehicle makers, aims for half of its European sales to come from electrical trucks in 2030, the head of its MercedesBenz Trucks unit, Karin Radstrom, said on Monday. Radstrom, who is due to take the helm of the whole group next month, seeks to offer as numerous as 30,000 electric trucks, or half of Daimler's s amount to lorry sales in Europe, by the end of the decade. Hopefully we'll be so excellent that we can do much more, she said at an interview during the IAA Transportation trade fair in Hanover. Daimler Truck will start producing its very first fully-electric heavy truck Mercedes-Benz eActros 600 in November this year and has already gotten 2,000 orders for it. Its outbound CEO Martin Daum earlier on Monday stated he sees no reducing on the European truck market in the very first half of 2025. The group deals with suppressed need after chips and other parts shortages in the wake of the COVID-19 pandemic pushed up production expenses. The trucking industry also faces difficulties to decrease contamination from industrial lorries, while logistic firms, their main customers, hesitate to pay more for electric trucks as the charging infrastructure is still far from complete.
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Airlines suspend flights as Middle East tensions increase
Concerns over a wider dispute in the Middle East have actually triggered worldwide airline companies to suspend flights to the region or to prevent afflicted air space. Below are some of the airline companies that have actually adjusted services to and from the region: AIR ALGERIE The Algerian airline suspended flights to and from Lebanon until even more see. AIRBALTIC. Latvia's airBaltic strategies to resume flights between Riga and Tel . Aviv on Sept. 17, it stated through e-mail on Sept. 16. AIR FRANCE-KLM. KLM cancelled all flights to and from Tel Aviv until Oct. 26. The Franco-Dutch group's low-cost unit Transavia cancelled. flights to and from Tel Aviv till March 31, 2025, and flights. to Amman and Beirut until Nov. 3. AIR INDIA. The Indian flag provider suspended set up flights to and from. Tel Aviv up until further notification. CATHAY PACIFIC. Hong Kong-based Cathay Pacific cancelled all flights to Tel Aviv. up until March 27, 2025. DELTA AIR LINES. The U.S. provider paused flights between New york city and Tel Aviv. through Oct. 31. EASYJET. The UK spending plan airline company stopped flying to and from Tel Aviv in. April and will resume flights on March 30, 2025, a representative. said. IAG. IAG-owned Spanish low-priced provider Vueling cancelled its. operations to Tel Aviv up until Jan. 12, 2025, it said in an. e-mailed comment. Flights to Amman have actually been cancelled until. further observe, the airline added. LOT. The Polish flag carrier suspended flights to Lebanon until. even more observe, while flights to Tel Aviv are now operating. regularly, it stated in an e-mailed comment on Sept. 10. LUFTHANSA GROUP. The German airline company group, which includes carriers such as. Austrian Airline Companies and Brussels Airlines, resumed flights to Tel . Aviv on Sept. 5, while flights to Beirut will stay suspended. through Sept. 30. Swiss International Air Lines, also a part of the Lufthansa. Group, separately stated it had suspended flights to Beirut up until. completion of October. RYANAIR. Europe's greatest spending plan airline company cancelled flights to and from. Tel Aviv up until Oct. 26, mentioning functional limitations. SUNDAIR. The German airline company cancelled all flights between Bremen and. Beirut until Oct. 23. SUNEXPRESS. SunExpress, a joint endeavor in between Turkish Airline companies. and Lufthansa, suspended flights to Beirut through Dec. 17. UNITED AIRLINES. The Chicago-based airline company suspended flights to Tel Aviv for the. foreseeable future due to security reasons. LEBANESE AIRSPACE INFORMS. Britain recommended UK airlines not to get in Lebanese airspace from. Aug. 8 until Nov. 4 pointing out potential danger to aviation from. military activity.
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Titanic contractor Harland & Wolff to exit non-core businesses amidst financial obligation woes
Harland & & Wolff said on Monday it will either wind down or dispose of its noncore companies and lay off some employees as the British shipbuilder struggles to remain in service in the middle of a financial obligation crisis. The company, known for building the Titanic, did not define the number of jobs it was planning to cut, however stated it will minimize headcount in the non-core and particular main support locations. The firm's non-care operations consist of the Marine Providers company, the Scilly Ferries company, and the U.S. and Australian systems. The Belfast-based shipyard, which has actually struggled to maintain with competitors and is past due on its credit line, was turned down a 200 million pound ($ 263.94 million) credit center by the UK federal government in July. The firm sent its CEO on immediate leave in July. Its financing chief likewise stepped down recently. Trading of the business's shares has actually been suspended given that July, pending finalisation of its 2023 accounts on a going issue basis. The shipbuilder will keep its core operations running at its 4 shipyards and maintain its interest in the Islandmagee Gas Storage project.
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Taiwan's CPC Corp looks for Oct jet fuel, sources say
Taiwan's stateowned energy company CPC Corp is seeking to buy one area October jet fuel cargo, multiple trade sources said on Monday, marking its very first procurement tender for the fuel this year. The company is wishing to obtain 300,000 barrels of the air travel fuel for Oct. 1-20 shipment to either a couple of berths in Taiwan, they included. The tender closes on Sept. 18 and is valid till Sept. 20. CPC Corp obtained jet fuel in December 2023, for delivery in January this year, Reuters data revealed, adding that the refiner purchased two freights of 300,000 barrels last year. The buying is because of lower refinery production of the fuel due to an overhaul at one of its jet fuel and kerosene processing units in between now and October, one of the sources stated. Taiwan's other main refiner, Formosa Petrochemical Corp, is likewise shutting among its unrefined systems and other refining units for maintenance today.
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Low gas prices, LNG need in spotlight at Gastech conference
Top energy executives and ministers will meet in Houston this week for the yearly Gastech conference, with U.S. markets in focus as growing melted gas (LNG) exports help wean Europe off Russian gas and as Asia moves away from coal. The U.S., when an importer of LNG, has actually gone beyond Qatar as the world's top exporter, with brand-new innovation allowing America's. shale manufacturers to tap huge reserves. Both countries have. significant LNG expansion jobs underway, playing higher. value in international markets from Europe to Asia. The conference comes to the U.S. for the first time considering that. 2019 as the country has also become the world's greatest natural. gas producer. U.S. gas production grew 4% in 2015 to. 125 billion cubic feet per day (Bcf/d). Exports of the. super-cooled gas leapt 12% to 11.9 Bcf/d. Gastech expects to host some 50,000 guests from 125. countries, with sessions on everything from gas markets and. decarbonization to Expert system (AI) and energy. security. Surging supply has actually pressed U.S. gas prices to multi-decade lows this year, hampering producers but benefiting consumers and. LNG companies using record quantities of gas. By 2026, U.S. LNG exports should be double their 2024. levels, with annual feed gas requirements averaging 19.7 Bcf/d. in 2 years' time, stated Matthew Palmer, executive director at. S&P Global Product Insights. Gas prices will be significantly higher in. 2025 as new LNG export jobs boost demand, stated Jim Simpson,. CEO of energy research study company, East Daley Analytics. In the U.S., brand-new export capability development will support. Europe's dedication to divest away from Russian gas following. its intrusion of Ukraine, while using Asian buyers a greener. option for power generation. Venture Global, whose CEO, Mike Sabel will talk to. attendees about the function of LNG in Europe's energy supply mix,. is amongst those companies. The business's Plaquemines LNG export. center in Louisiana will have an export capability of as much as 20. million metric tonnes per year, and is expected to start. operations this year. The U.S. exported some 7.48 million metric lots of LNG in August , approximately 43% of which went to Asia, according to LSEG data. GAS MANUFACTURERS BID THEIR TIME U.S. shale gas companies are banking on brand-new LNG terminals to. boost their market and rates. Poor returns have actually forced some to. cut production this year. The next 9 months have more opportunity of being. over-supplied than under-supplied since the LNG projects do. not arrive in force up until late next year, stated the president of. Aegis Hedging, Matt Marshall. U.S. producers typically need Henry Hub natural gas. prices above $3 per million British thermals units (mmBtu) to. produce cash flow for more drilling, stated S&P Global's Palmer. Gas rates are currently around $2.33 per mmBtu and have only. traded above $3 a few times this year. Henry Center gas prices are expected to average $2.19 per. mmBtu this year, the U.S. Energy Info Administration. ( EIA) stated today in a regular monthly report, lowering its estimate. by 11 cents from the prior forecast. The general story here is that a manufacturer of natural. gas needs to not expect this market to turn outrageously bullish. with the turn of the year. It is going to require time and this. market is susceptible to lower costs actually until next summer season,. stated Aegis' Marshall. Significant U.S. manufacturers, consisting of Chesapeake and EQT. were preparing to reduce production and defer well. conclusions in the 2nd half of 2024 in August, after prices. sank nearly 40% over the two months prior. As those brand-new LNG projects come online and take in more shale. gas, costs are anticipated to enhance. The U.S. EIA is. forecasting an average Henry Hub cost of $3.14 next year. Our expectation is that as LNG exports increase, the. market will return to stability, moving Henry Hub into the. $ 3-4/ MMBtu variety that will support a boost in production,. said Marshall.
British Organization - Sept 3
The following are the top stories on business pages of British newspapers. Reuters has not validated these stories and does not guarantee their precision.
The Times
- Britain has suspended some arms sales to Israel in response to fears that UK-manufactured weapons might be used against civilians in Gaza.
- UK-focused NEO Energy, which has interests in assets throughout the North Sea, stated it will slow financial investments in all projects it has under development, blaming financial and regulatory uncertainty in the British oil and gas sector.
The Guardian
- Transportation for London, which runs most of London's. transport network, said it is dealing with a cyber attack and. has undertaken instant action to prevent any additional access to. its systems.
- Business criticised by the Grenfell Tower questions are. dealing with calls to be banned from public contracts as it emerged. that about 250 million pounds ($ 328.18 million) in offers have. been made in the past 5 years with corporations involved in. the high-rise's repair.
Sky News
- British payments app Zilch will call previous Aviva CEO Mark. Wilson, who rests on the board of the asset management company. BlackRock, as director.
(source: Reuters)