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“This oil-indexed contract, together with the lately executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan and the mid-term contract with Glencore, demonstrates Santos’ strong LNG portfolio place and buyer relationships within the area. Our portfolio is well-balanced over the short to medium term, with around eighty % of volumes listed to oil costs and about twenty p.c uncovered to identify pricing,†Gallagher said. “There continues to be extraordinarily sturdy demand in Asia for high-heating-value LNG from initiatives such as Barossa and PNG LNG, as international locations concentrate on lowering their carbon emissions.
Shells, significantly the Kina and Toea, weren’t solely mediums of trade but also symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell money also represented social standing, and it was utilized in marriages, deaths, and different important ceremonies and events,” Genia explained. The arrival of colonisers marked a turning point within the nation’s economic history, resulting in the introduction of up to date currencies on 19 April 1975. “These modern currencies served as each financial instruments and national emblems of our independence and unity as a nation,” Genia famous. She offered insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is found in both the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas. Similarly, “Toea” refers to a valuable sort of shell used in commerce and conventional bride value ceremonies within the Motuan Coastal villages.
Uber Technologies will roll out an AI assistant powered by OpenAI’s technology to assist drivers transition to electric autos, as a part of its efforts to decrease emissions. Change your nation to get more prime stories from the place you might Business News be, as properly as the UK and worldwide headlines. The candidate who wins the most electoral college votes across the US becomes president. The week’s finest stories, handpicked by BBC editors, in your inbox each Friday.
Each week we alternate between an interview with an organization leader and an business deep dive. Sit down for lunch and stroll away with a recent take on the share market, corporations you’ll be able to spend cash on, and the method forward for business. News in regards to the Philippine Stock Exchange, international capital markets, and the banking business. The Reserve Bank of India has kept its key interest rate unchanged for the tenth consecutive time, its governor Shaktikanta Das introduced today,while retaining India’s actual GDP development forecast at 7.2 per cent for the present financial year. New Zealand’s central bank cuts charges by 0.5 percentage factors, and economists say extra cuts are coming.
India’s Political Carnival Is Back in Season, With Mixed Results for ModiTwo intently watched elections, in Haryana and the turbulent Jammu and Kashmir, stored the surprises coming after this summer’s shocking national outcome. TikTok Faces Barrage of Lawsuits Around Teens and Mental HealthMore than a dozen states sued TikTok on Tuesday for creating an app designed to be addictive to kids and youngsters. Harris Proposes Medicare Benefits for Home Care, Vision and HearingThe vice president’s well being care plan is supposed to help Americans who’re struggling to search out reasonably priced home take care of themselves or growing older family members.
The S&P 500 has sputtered to a document excessive shut, rebounding from a quick setback after Federal Reserve chair Jerome Powell said the US central financial institution is in no hurry to implement additional rate of interest cuts. The ASX200 dropped zero.7 per cent, snapping a three-day win streak after Fed chairman Jerome Powell mentioned the US central bank was in no rush to cut rates of interest. FTX obtained court docket approval of its chapter plan on Monday, which can permit it to totally repay prospects utilizing up to US$16.5 billion in property recovered because the once-leading crypto exchange collapsed.