Santos Managing Director and Chief Executive Officer Kevin Gallagher noted that the contract with Glencore extends their existing strong business relationship and presents a valuable alternative for both companies to leverage their experience in Asian LNG markets. “This oil-indexed contract, together with a long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan, highlights Santos’ sturdy LNG portfolio position and customer relationships within the region. There continues to be strong demand in Asia for top heating value LNG from projects similar to Barossa and PNG LNG. Santos is committed Business News to supporting the power security of our valued prospects throughout Asia,” Mr Gallagher mentioned. The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a show celebrating the nation’s rich economic historical past and the fiftieth anniversary of Papua New Guinea’s currency. This occasion, held as a part of the Bank’s 50th anniversary celebrations, coincides with the upcoming 50th anniversary of PNG’s independence in 2025. The Kina and Toea Exhibition was launched on 29 August and continued from 30 August to 6 September 2024 on the National Museum & Art Gallery in Port Moresby.
The Leicester-headquartered homeware retailer said its gross sales development was driven by the quantity of products bought and the continued growth of its digital footprint. AMP Deputy Chief Economist, Diana Mousina says each side of politics are politicising the Reserve Bank, when it is attempting to concentrate on controlling inflation and keeping full employment in the economy. APCO CEO Chris Foley concedes its unlikely Australia will meet the targets and has launched a new technique to force companies to take motion and to make it easier to recycle. U.S. Blowback to Steel Merger Vexes JapanA looming determination in Washington to block Nippon Steel’s merger with U.S.
U.S. consumer prices increased modestly in August, persevering with a trend of slowing inflation that has brought the annual rate to its lowest level since February 2021. According to the most recent information from the Bureau of Labor Statistics, the Consumer Price Index rose by 0.2% for the month, consistent with expectations, and the annual inflation rate eased to 2.5%, down from 2.9% in July. This marks a major retreat from the inflation peak of mid-2022 when the speed surged to 9%. Indosat Ooredoo, Google Cloud to ramp up SMB digitalization Indosat Ooredoo and Google have announced a new strategic partnership to speed up digital transformation throughout shopper and enterprise segments within the nation by specializing in small and medium companies .
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While demand in many high luxurious markets is slowing from the 2021 peak, ultra-wealthy patrons proceed to pay record costs for uncommon trophy properties. Two private power corporations in Puerto Rico have come beneath scrutiny whereas presenting plans to stabilize the island’s crumbling electric grid as officials demanded instant action to attenuate chronic power outages. Thailand’s new Prime Minister Paetongtarn Shinawatra, the daughter of former Prime Minister Thaksin Shinawatra, vowed Thursday in her inaugural speech to Parliament to proceed a lot of her predecessor’s plans to solve the country’s financial woes.
People are grappling with excessive inflation because of the fresh injection of Tk 60,000 crore into the market by Sheikh Hasina’s authorities, Prof Muhammad Yunus, chief adviser to the interim authorities, stated yesterday. National Bank, Islami Bank Bangladesh and Social Islami Bank have utilized to the Bangladesh Bank for its assure to avail a total of Tk 6,800 crore in liquidity help by way of the inter-bank money marketplace for a period of three months. With Australia’s economy rising at its slowest pace in a long time, excluding the pandemic, and expectations rates of interest may soon start to fall, analysts are warning there’s an excessive quantity of “exuberance” on the share market.
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Former president Donald Trump has gained billionaire supporters in latest weeks. Privatisation has lengthy been touted as a catalyst for economic growth, and for good reason. “I saw the Harris-Trump debate, and you realize I don’t fairly agree with the analysis by one major US news… There are intense discussions within the power business about extra capacity, rising electrical energy costs, and… After registering back-to-back positive aspects, gold prices in Pakistan declined on Thursday consistent with a lower within the…
Consumer confidence, retail sales recuperate from Delta impact As the year-end vacation season approaches, the 2 indicators point to increased family spending, which has long been a key driver of economic activity in the nation. Jakarta counts on non-public buyers to expand MRT, LRT The metropolis administration needs investors to develop three initiatives worth Rp eighty four.6 trillion (US$5.ninety three billion). Pollution, droughts, floods are taking their toll on our consuming water, lakes, rivers and coastlines. Join us on a journey around Europe to see why defending ecosystems matters, how our wastewater may be better managed, and to discover a few of the greatest water solutions. Video reviews, an animated explainer collection and live debate – discover out why Water Matters, from Euronews. Euronews Tech Talks Euronews Tech Talks goes beyond discussions to discover the impact of new technologies on our lives.
The Union Cabinet has approved a major health protection expansion for senior citizens aged 70 and above beneath the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB PM-JAY). This move, benefiting 4.5 crore households and 6 crore seniors, provides Rs 5 lakh in free annual health insurance. Union Minister Ashwini Vaishnaw highlighted that this initiative fulfills PM Narendra Modi’s commitment to reinforce health protection for India’s aged population. The decision taken on the board assembly permits for a number of potential routes for fundraising, including a preferential allotment of shares, or a QIP. National Pension System assets touched Rs 12.65 lakh crore in August 2024, representing a 30 percent development over the same month of the previous 12 months. The morning after Vice President Kamala Harris and former President Donald Trump’s first presidential debate, it is removed from clear if Trump will agree to a rematch.
Over the following yr, they’ll continue their learning via on-line modules and practical, on-the-ground instruction, ensuring they’re fully certified and able to assist PNG farmers by August 2025. Stocks stalled as oil fuels inflation nerves Asian inventory markets were becalmed on Wednesday as surges in oil and Chinese factory prices added to worries that a hot US inflation reading might renew pressure on policymakers to raise interest rates. Understandably, African governments took benefit of historically low rates of interest in the 2010s and borrowed closely from worldwide capital markets and China. Each week we alternate between an interview with an organization leader and an industry deep dive. Sit down for lunch and stroll away with a contemporary take on the share market, corporations you presumably can invest in, and the method forward for business. The first of a series of OCI GenAI Agents, the RAG Agent provides out-of-the-box RAG capabilities, enabling clients to get began whereas avoiding manual processes such as agent planning, retrieval, reranking, generation, and integration.