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OECD-backed group requires international pact to resolve water crisis
storyp1> SINGAPORE, Oct 17 (Reuters) Countries require a new global pact to repair an installing water crisis that could cut economic development by a minimum of 8% and put half the world's food supplies at threat by 2050, an OECDbacked commission said on Thursday. Climate modification, devastating land use and chronic mismanagement has put the international water cycle under unmatched tension, stated the Global Commission on the Economics of Water (GCEW), a two-year research initiative set up by the Netherlands in 2022. Densely populated areas like northwestern India, northeastern China and southern and eastern Europe are especially vulnerable to water scarcities, it stated. Federal governments should collaborate to create incentives to transform how water is consumed and ensure that investment in vital infrastructure reaches the ideal places, GCEW stated in its final report. We are going to need to set common goals for water sustainability, said Singapore President Tharman Shanmugaratnam, GCEW co-chair. Ultimately, it will need a worldwide water pact. It is going to take a number of years to arrive, but we are going to begin that procedure, he said at a briefing ahead of the report's launch. The report stated international water products can no longer be depended on, partially as a result of shifting rainfall patterns, with each 1 degree Celsius of warming estimated to increase atmospheric moisture retention by 7%. For the very first time, we are really changing the really source of all freshwater - specifically rainfall, stated Johan Rockstrom, director of the Potsdam Institute for Environment Impact Research study and another commission co-chair. As well as blue water in rivers and lakes, the commission took a look at green water included in soils and plant life. After evaporating, green water provides around half of global rains in a process known as atmospheric rivers. Rising temperatures have actually developed a vicious circle, with lower soil moisture intensifying droughts and wildfires and causing more destruction and biodiversity loss, more disrupting those climatic river streams, the commission stated. Regions relying on high levels of irrigation might struggle with water storage capacity declines. On existing patterns, worldwide cereal production might fall by as much 23%. Financing systems are needed to motivate financial investment in water infrastructure, especially in more vulnerable countries, and banks need to likewise make lending conditional on protecting water products, the report said. International efforts are also required to price water correctly and redeploy an approximated $600 billion in annual farming aids that encourage overconsumption and the planting of water-intensive crops in unsuitable regions, stated Ngozi Okonjo-Iweala, Director General of the World Trade Organization and another GCEW co-chair. While multilateral cooperation is required to attend to dangers to worldwide water products, growing lacks could exacerbate geopolitical stress, stated Genevieve Donnellon-May, a scientist at the Oxford Global Society think tank, who studies water politics. One concern is that growing water deficiency could result in less transboundary cooperation, both at a subnational level ... and also between countries, she said.
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One Direction vocalist Liam Payne discovered dead in Buenos Aires, regional media reports
storyp1> Oct 16 (Reuters) Former One Instructions vocalist Liam Payne died outside a hotel in the Argentine capital Buenos Aires, local media reported on Wednesday, stating the 31yearold British musician was discovered dead after falling from the hotel's 3rd flooring. Pointing out authorities, leading local papers La Nacion and Clarin reported that police were called to the hotel in the capital's leafy Palermo area reacting to an emergency situation call that mentioned an aggressive man who could be under the impacts of drugs and alcohol. Ambulance workers later verified the death of the vocalist, who was discovered in an interior hotel patio, according to the report. Liam Payne increased to global fame as part of the since-disbanded pop band One Direction, together with Harry Styles, Zayn Malik, Niall Horan and Louis Tomlinson. The kid band got its start after ending up 3rd on the British version of the X Aspect music competitors show in 2010, however the group broke up in 2016 as its members pursued different jobs including solo professions.
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BHP first-quarter iron ore production tops estimates, copper output increases
BHP beat firstquarter iron ore output estimates on Thursday as the mining giant benefited from efforts to relieve traffic jams at its Western Australia operations, while copper production was lifted by much better grades at its Escondida mine. The business's South Flank operations increase to complete functional capability of 80 million tonnes (Mt) in the previous quarter. The international miner completed the debottlenecking work at the port at its Western Australia operations, increasing iron ore output. The world's largest listed miner said iron ore output from Western Australia on a 100% basis was 71.6 million tonnes (Mt). in the three months to Sept. 30, beating a Noticeable Alpha. agreement quote of 70.7 Mt according to Macquarie. BHP recorded Western Australia iron ore output of 69.4 Mt in. the exact same quarter of last year. Iron ore prices have actually been volatile this year due to require. concerns from top consumer China, which is battling an unequal. economic recovery and a having a hard time home sector. Upcoming stimulus (from China) is likely to focus on. alleviating local debt, stabilising the property market and. reinforcing organization self-confidence, stated CEO Mike Henry. BHP tape-recorded a 4% increase in copper output for the quarter,. reflecting higher grade and healings at its Escondida mine in. Chile. The company kept its financial 2025 output price quotes for. Western Australia iron ore the same at in between 282 Mt and 294. Mt, including that it was on track to meet its full-year outlook. across all commodities. BHP is seeing signs of stabilisation in its steelmaking coal. business while its Jansen Stage 1 potash project in Canada was. 58% total at the end of the quarter, the company stated. The firm's Western Australia nickel operations, which it. just recently suspended, saw a drop in quarterly production. We anticipate expenses to remain raised throughout the transition to. suspension in the very first half, BHP said of its nickel. operations.
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JD Vance states Trump did not lose the 2020 United States election
storyp1> Oct 16 (Reuters) After evading the concern for weeks, Republican vicepresidential candidate JD Vance stated unequivocally on Wednesday he thinks incorrect claims that Donald Trump did not lose the 2020 election. Taking concerns from reporters at a project occasion in Williamsport, Pennsylvania, Vance was once again asked if Trump lost to President Joe Biden 4 years back. On the election of 2020, I have actually answered this question straight a million times. No! I believe there are severe issues in 2020, Vance said. So, did Donald Trump lose the election in 2020? Not by the words that I would use. Trump, the Republican candidate for president in 2024, continues to falsely declare that he lost the 2020 election due to comprehensive voter scams, a view shared by countless his advocates. Many inquiries, however, have discovered no proof of scams. During his existing run for president, Trump has suggested he will challenge the results if he does not prevail in the Nov. 5 contest versus Democrat Kamala Harris, the US vice president. His efforts to reverse the 2020 election led to his indictment by federal and state authorities. He still awaits trial in those cases. His refusal to accept the outcome likewise triggered the Jan. 6, 2021 attack on the U.S. Capitol by thousands of his supporters. Vance, a first-term U.S. senator, made headings when he avoided the concern during his dispute with Harris' running mate, Tim Walz, on Oct. 1, stating he was focused on the future. That led Walz to rebuke him. That's a damning non-answer, he stated. In Williamsport, Vance said he was not upholding some crazy conspiracy theory in arguing Trump won. Instead, he blamed the election outcome on online censorship by big tech companies. Pennsylvania is thought about possibly the most critical of the seven battleground states that will identify the election.
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Phillips 66 to stop operations at Los Angeles-area refinery
Phillips 66 stated on Wednesday it prepares to stop operations at its Los Angelesarea refinery in the fourth quarter of 2025 and will work with the state of California to supply fuel markets and meet customer demand. The interruption will impact the 600 workers and 300 contractors who run the refinery. The exit follows California Guv Gavin Newsom's signing of a costs on Tuesday needing oil refiners to maintain a. minimum fuel inventory and authorized the state's Energy. Commission to guarantee refiners plan for resupply during. upkeep failures to avoid supply shortages. With the long-term sustainability of our Los Angeles. Refinery unsure and impacted by market dynamics, the business. is dealing with land advancement firms to evaluate the future. usage of its properties near the Port of Los Angeles, said CEO. Mark Lashier. The exit will leave a huge hole in California's motor fuel. supply. The Los Angeles refinery produces 85,000 barrels each day. of gasoline and another 65,000 barrels daily of diesel and jet. fuel, according to Phillips 66. The company will supply gasoline from sources inside and. outside its refining network as well as eco-friendly diesel and. sustainable air travel fuels from its Rodeo Renewable Energy. Complex in the San Francisco Bay area. California, the most inhabited state in the United. States, consistently experiences a few of the country's greatest. average gas rates, causing a complex and often tense. relationship between the state and oil business. The Gold Coast state has set enthusiastic goals to boost. electrical vehicle adoption and is distinctively licensed by the. federal environmental agency to create its own car emissions. policies In February, the two largest U.S. oil producers Exxon. Mobil and Chevron divulged combined impairment. charges of over $5 billion of their California properties.
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Steel Dynamics beats Q3 revenue approximates on enhancing steel costs
Steel Dynamics beat Wall Street price quotes for quarterly profit on Wednesday, as it benefited from a rebound in domestic steel prices in the latter part of the quarter, sending its shares up nearly 3% in aftermarket trade. This comes against the background of a recovering yet slow steel prices environment in the U.S., attributed to distributors holding back on purchases beyond instant inventory needs because of an oversupply in the market. Analysts see further improvement in steel rates as supply stabilizes, owing to anticipated restocking for a seasonally stronger very first quarter and a possible decline in imports following the petition by U.S. steelmakers against covered steel imports from 10 nations. The steelmaker published a third-quarter revenue of $2.05 per share. Analysts, usually, were expecting the firm to report a. revenue per share of $1.97, according to data assembled by LSEG. Based on domestic steel demand fundamentals, we are. constructive concerning the outlook for 2025 metal market. dynamics, CEO Mark Millett stated on Wednesday. The business anticipates steel pricing to recover with an. anticipated lower domestic rate of interest environment and. continuing onshoring of making organizations in the U.S.,. Millett added. Profits for the quarter ended Sept. 30 fell 5.3%. year-on-year to $4.34 billion, but managed to beat Wall Street. expectations of $4.18 billion.
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Constellation orders $100 million transformer for Three Mile Island restart
C onstellation Energy has purchased a main power transformer for the Three Mile Island nuclear reactor it is attempting to resume in Pennsylvania, pressing ahead with work vital to the plant's revival, Reuters found out on a tour of the website on Wednesday. The transformer is the biggest piece of equipment that will require to be replaced for restart of the plant that has been shut considering that 2019. It will cost about $100 million, said Constellation, the owner of the plant. Constellation revealed last month that it signed a $1.6. million power contract with Microsoft to help restart. the plant. The nuclear reactor, which lies on an island in. the Susquehanna River in Pennsylvania, is anticipated to supply 835. megawatts of power to offset Microsoft's information center electrical power. intake. The abrupt and ravenous energy requirements of Huge Tech to power. an expansion of expert system and cloud computing has. doubled the country's projected electrical power demand and caused a. spate of uncommon deals in between power business and the. technology industry in the previous year. No modern-day U.S. nuclear power plant has actually been rebooted after. completely closing down, according to regulators. 3 Mile Island,. which Constellation has relabelled the Crane Clean Energy Complex,. is mainly known as the website of the worst nuclear power accident. in U.S. history. An unit at the plant, which will not be rebooted,. experienced a partial crisis in 1979. Unit 1, which. Constellation wishes to restart, shut in 2019 for economic. reasons. Constellation expects System 1 to start producing power in. 2028, but there is a series of physical difficulties, together with U.S. and local policies, that should be completed initially. To name a few major financial investments in resuming operations at the. plant are deal with the reactor's turbine, generator and cooling. systems.
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Stars shoot for first 5-0-0 start in 18 years vs. Capitals
After the Washington Capitals handed one perennial NHL power its first loss of the young season, they'll want to do it again. The Capitals will attempt to keep the checking out Dallas Stars from starting 5-0-0 for the very first time in 18 years on Thursday night. On Tuesday, Vegas brought a 3-0-0 mark into Washington however entrusted to a 4-2 loss. Super star captain Alex Ovechkin tape-recorded two assists to reach 700 for his profession and Tom Wilson scored his second objective of the season as the Capitals rebounded from a 5-3 season-opening loss to New Jersey. That's just a fantastic team win and a lot of positives to build off, stated Logan Thompson, who made 24 saves versus his previous team in his Capitals debut. Thompson played in 103 games throughout four seasons for Vegas before getting traded to Washington in June. Ovechkin appears eager to put the assist milestone behind him and assist the Capitals to another favorable performance. When you play 20 years in hockey, I'm pretty sure you'll get the very same number ( of career helps), said Ovechkin, who has 12 goals and 21 points in 26 career games versus Dallas. Yeah, it's a pretty huge number ... so, yeah, progress. Nevertheless, the task doesn't get any simpler for Washington, which is mired in an 0-3-2 hole versus Dallas. The Capitals are likewise 0-2-3 against the Stars at home because a 4-3 triumph in March 2018. Dallas stayed unbeaten Tuesday however had to work for a 3-2 home shootout triumph over San Jose. The Stars last won their first five games in 2006-07. Often it takes 65-plus (minutes) to get it done, said Dallas' Matt Duchene, who has a point in three of the 4 games. We enjoy with the start, but we're not looking back. We want to keep putting the points away. Even with the strong start, destiny understand they have strides to make. While Dallas has actually killed 13 of 14 penalties through four games, it's 1-for-13 on the power play and hurt itself with turnovers Tuesday. Possibly not the best from us, however we got the win, Dallas defenseman Esa Lindell informed NHL.com. Still some room to improve. As the video game went on, we kind of took over. Some great, some not so great. Mason Marchment has actually been amongst the helpful for Dallas, taping 2 goals with 3 helps on the young season. He's likewise totaled the very same numbers in five career contests versus Washington. Dallas' Jake Oettinger made 25 saves versus San Jose to improve to 3-0-0 with a 1.63 goals-against average this season. He also owns a 1.73 GAA and.950. save percentage while winning all 4 profession begins versus the Capitals. Nevertheless, Stars backup Casey DeSmith could get the call Thursday after stopping. all 25 shots he dealt with throughout the 2-0 success over Seattle on Sunday. On the other hand, Thompson posted a 2.00 goals-against average in three career starts. versus Dallas while betting Vegas. Charlie Lindgren, however, might be back. in Washington's web after stopping 28 of 32 shots against New Jersey in the. opener. -- Field Level Media
Production sharing arrangements accepted for five Guyana overseas oil blocks
Energy firms TotalEnergies, Qatar Energy, Petronas, Cybele Energy, Delcorp and International Group Investment have reached agreements with Guyana over regards to production sharing deals to check out 5 oil and gas offshore blocks, the energy ministry said on Wednesday.
A tender launched in 2022 for areas in shallow and deep waters resulted in deals for 8 blocks, part of the federal government's. effort to diversify its energy industry dominated by a. consortium led by Exxon Mobil.
The Exxon group, which likewise remains in talks with the federal government. over terms to check out offshore area S8 that is part of the. tender, has an interest in evaluating carbon capture and storage. chances within the block, the ministry stated in a release.
A production sharing arrangement for that block is under. review, the ministry included, without elaborating.
A government authorities stated in May that Guyana's cabinet. had
authorized a quote
by Qatar Energy, TotalEnergies and Petronas for checking out. shallow water block S4 and settlements over non-fiscal terms. had begun.
Already, the government had actually also started separate. talks with Exxon, Hess Corp and CNOOC over. their bid, Exxon's head for Guyana stated.
Last files for the locations have not been signed.
Guyana's energy ministry also said in the release that a. reaction from regional energy business Sispro is pending associated to. its deals for two of the blocks.
Guyana's tender board stated independently this month that. local group VHE Consulting won a $1.5 million contract to audit. Exxon's expenses and Guyana's profit oil share for the 2021-2023. duration.
(source: Reuters)