zoom The United States Coast Guard (USCG) Marine Safety Center has issued an updated type approval certificate to China-based Sunrui Environmental Engineering for the company’s BalClor ballast water management system (BWMS).As informed, the updated certificate was issued to clarify the hazardous location installation requirements on board foreign flag vessels.A BWMS installed in a hazardous location on a US flag vessel should comply with the relevant hazardous location requirements of 46 CFR 111.105. Installations on foreign flag vessels need to meet the requirements for hazardous locations as set forth by the vessel’s flag administration, according to the USCG.Approved earlier this month, the Sunrui BalClor system incorporates a three-step process consisting of filtering and electrolysis during uptake and neutralization at discharge. The approval covers fourteen models with maximum treatment rated capacities between 170m3/h and 8,500m3/h.Apart from Sunrui, the USCG has granted type approval certificates to three firms, Optimarin, Alfa Laval and OceanSaver.
zoomImage Courtesy: Maersk Danish shipping giant Maersk has unveiled its plans to install exhaust gas cleaning systems (scrubbers) on a part of its containership fleet. In an email sent to Reuters, Niels Henrik Lindegaard, Head of Maersk Oil Trading, a division of Maersk, said that the shipping major decided to invest in the scrubber technology on a limited number of vessels in its fleet of around 750 container vessels.Lindegaard added that the investment in scrubbers is a just a part of the company’s effort to meet the International Maritime Organization’s upcoming sulfur regulations, scheduled to take effect in January 2020. He informed that the company will continue to explore how to best comply with the sulphur cap,Maersk’s decision comes on the back of a series of scrubber retrofit contracts signed for existing vessels. Apart from scrubbers, the available options for meeting the new regulations are low sulphur heavy fuel oil (LSFO), marine gas oil (MGO) or other alternative fuels, such as LNG, hydrogen and methanol.During Singapore Maritime Week 2018 in April, Soren Skou, CEO of Maersk, said that low sulphur fuel is the best way for the shipping industry to meet IMO’s sulphur cap.“It makes sense for refineries to remove sulfur from fuel and sell it to us instead of us setting up refineries aboard ships,” Skou was earlier cited by Platts.Just last month, Maersk teamed up with Royal Vopak, an independent tank storage operator, on a project aimed at launching 0.5 percent sulphur fuel bunkering facility in Rotterdam.“We trust that this initiative will put to rest some of the concerns the industry has on fuel availability as well as secure our continued competitiveness in the market,” Lindegaard earlier said.World Maritime News Staff
VANCOUVER – Sidney Crosby says his team is standing with its city after an attack at a synagogue in Pittsburgh left 11 people dead and six others wounded.Speaking with reporters ahead of a game against the Vancouver Canucks last night, the Pittsburgh Penguins captain and Nova Scotia native says the team’s thoughts and prayers are with the victims and their families.He says the team will “stick together and rally around” those affected.Head coach Mike Sullivan echoed Crosby’s statements, describing what happened on Saturday as a “terrible tragedy.”The mass shooting took place during a baby-naming ceremony at the Tree of Life synagogue in the city’s Squirrel Hill neighbourhood, and American officials said one person — identified as 46-year-old Robert Bowers of Pittsburgh — is in custody.Bowers appears to have made virulent anti-Semitic posts on a social media platform popular with far-right extremists — including one made shortly before the attack.
THOMPSON, Man. — A Crown prosecutor has argued that a northern Manitoba RCMP officer on trial for manslaughter in an on-duty shooting was driven by the desire to make an arrest — no matter the cost.In closing arguments today, the prosecutor said Const. Abram Letkeman made only wrong choices in the lead-up to his firing shots into a Jeep driven by Steven Campbell.Court in Thompson, Man., has heard 12 bullet casings were found on the scene and Campbell was hit at least nine times.The defence says all police officers have made mistakes and Letkeman thought his life was in danger.The Mountie had tried to pull over Campbell’s Jeep in November 2015 for suspected drunk driving, but it turned into a pursuit that ended in a collision.Letkeman testified he walked in front of the Jeep and it started moving towards him, so he was forced to fire. The Canadian Press
LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement To be sure, there’s a lot of grunt work to be done in California.Firefighters there are busy pulling smoldering stumps from the ground, shifting blackened timbers, and sifting through burned out cars and the rubble of homes after battling the deadliest wildfire in California history this month.The tedium and sweat there is sometimes punctuated by death. Filmmaker Pan Yannitsos has been visiting firefighters on the front lines to document the work they do in hopes of better understanding the impact of post-traumatic stress disorder. (Submitted by Pan Yannitsos) Facebook Twitter “We were in a trailer park that was just completely decimated,” recalled filmmaker Pan Yannitsos, who is originally from Regina.It was there that Yannitsos and his crew overheard a local coroner confirm that they had discovered two bodies inside a trailer destroyed by fire. Login/Register With: Advertisement Advertisement
APTN National NewsIt was recommendation number three in the Truth and Reconciliation report released June 2: We call upon all levels of government to fully implement Jordan’s Principle.That principle is named after Jordan River Anderson, a boy from Norway House First Nation, about 800 kilometres north of Winnipeg.Jordan suffered from Fineman Ziter Syndrome, a muscular disorder that required either a stay in hospital, or extensive home care.After spending two years in a Winnipeg hospital, doctors decided Jordan could go home if the right nursing care was provided.The debate between Canada and the province of Manitoba began; who would pay for his care at home?Jordan died in hospital before Canada and Manitoba could come to an agreement.That was 2005.In 2007, the House of Commons voted unanimously to pass a motion by NDP MP Jean Crowder. The motion was called Jordan’s Principle. It spelled out what should happen if a First Nation child with special needs living on reserve was sick and needed services that would be readily available to any child living off-reserve.Seven years after that motion was passed, APTN correspondent Trina Roache decided to take a look at whether First Nations children are in a better place now.Outside the Circle: the Status of Jordan’s Principle is a three part look at what First Nations families face when looking for health care.Here is part 1: Here is Part 2: Here is Part 3: On June 6, at the Canadian Association of Journalist conference in Halifax, Trina won the award for Human Rights Reporting for this series.If you have a story to tell, please do not hesitate to contact Trina at:firstname.lastname@example.org
VANCOUVER – Marijuana producer Aphria Inc. announced it has entered a five-year agreement to supply pharmacy chain Shoppers Drug Mart with medical cannabis.The company said Monday that it will provide the pharmacy with four strains of dried marijuana flower in two different sizes and four cannabis oils. All 12 products will carry the Aphria brand name.The deal comes after many months of discussions and is subject to Health Canada approving the application of the chain’s parent company, Loblaw Companies Ltd. (TSX:L), to dispense medical marijuana. Loblaw applied for a licence in October 2016, but neither company can say if or when that application will be approved.If granted, Aphria (TSX:APH) said it expects Shoppers Drug Mart will sell Aphria-branded cannabis products online. Current federal regulations allow licensed producers to distribute medical marijuana direct to consumers by mail.The agreement is expected to have a positive material impact on Aphria’s medical sales revenue, said Aphria CEO Vic Neufeld during a conference call with analysts shortly after the news was announced.“We have an opportunity to grow as Shoppers Drug Mart grows,” he said, adding Aphria’s committed to not entering discussions or making any business transactions with other national pharmacy banners in excess of a certain size.If the federal government changes the rules to allow pharmacies to dispense medical marijuana in stores, Neufeld said, “the home run turns into a grand slam.”The company’s stock closed nearly two per cent higher on the Toronto Stock Exchange on Monday. It gained 22 cents to $11.62.Aphria is one of several voices advocating for pharmacies to be permitted to distribute medical cannabis.Loblaw has previously said it believes pharmacists and pharmacies should play a role in medical marijuana distribution, and posted a job ad for a medical marijuana brand manager as Shoppers Drug Mart last month.“We have been very transparent in our view,” said Catherine Thomas, a spokeswoman, in an email.“As the federal and provincial governments finalize their respective cannabis frameworks, we remain optimistic that they will allow pharmacists in stores, in communities to apply their professional care to medical cannabis patients.”The Aphria deal is one of several recent agreements between marijuana producers and pharmacies.Maricann Group Inc. announced last month it entered into a letter of intent with Lovell Drugs Ltd. to be its primary and exclusive provider of medical cannabis. Lovell Drugs has a dozen pharmacies across Ontario.Earlier this year, CanniMed Therapeutics Inc. signed a letter of intent with member-owned co-operative PharmaChoice to be its exclusive medical cannabis distributor and to train its pharmacists and pharmacy technicians. The deal is on hold until the first legislation change that allows pharmacies to distribute medical cannabis and will be completed within 60 days of that change.Follow @AleksSagan on Twitter.
WINNIPEG – Manitoba Premier Brian Pallister says increasing regional tensions and economic uncertainty over the future of the Trans Mountain pipeline project should be defused as quickly as possible.Pallister’s comment comes one day after the Alberta government announced it’s banning wine from British Columbia because of B.C.’s plans to limit how much diluted bitumen can be shipped from its coast.Pallister says in a statement that he has promoted open trade among the provinces and he’s concerned about the controversy in the energy sector and the resulting provocation and threats at the provincial level.He notes that both the National Energy Board and the federal cabinet approved Kinder Morgan’s Trans Mountain pipeline expansion in 2016 after determining it was in Canada’s national interest.Notley conceded on Tuesday that the ban on B.C. wine may violate interprovincial free-trade rules, but said Alberta is moving ahead anyway.B.C. Premier John Horgan has said the issue is about his government’s responsibility to keep the coastline and inland waterways safe.“This uncertainty is decidedly unhelpful to economic development in Western Canada and for the general well-being of the Canadian federation,” said Pallister’s statement Wednesday.“Whether it’s a pipeline or a transmission line, markets and investors need certainty. They don’t react well to either overlapping processes or backward steps.”(Companies in this story: TSX:KML)
Analysts continued to speculate in overnight reports that Husky will have to raise its bid to win over MEG’s management.They also found it doubtful that an alternate bidder will emerge for MEG given that its only product, oilsands bitumen, is facing severely discounted prices as new oilsands production from northern Alberta makes worse an export pipeline bottleneck.In an email, Husky spokesman Mel Duvall says his company believes its offer is attractive, adding it intends to review MEG’s directors’ circular rejecting the deal in more detail before providing further comment.(THE CANADIAN PRESS) CALGARY, A.B. – MEG Energy Corp. shares rose, fell and rose again Thursday morning after it formally rejected a hostile takeover offer from oilsands rival Husky Energy Inc.The target company said after markets closed Wednesday that the Husky offer is opportunistic and undervalues its assets and prospects, adding it intends to conduct a formal process that could identify a white knight to make a better offer.MEG shares rose by as much as 21 cents to $11 in morning trading on the Toronto Stock Exchange before falling back to near Wednesday’s close of $10.79 and then rising again to $10.85.
If you or a group would like to volunteer your time for the Food Drive, you can contact Allen Karasiuk by email email@example.com or by phone at 250-261-9466.Below is a video from 2017 where Hockey Canada shares the importance of this Food Drive and the unique care we have for our community. FORT ST. JOHN, B.C. – The Fort St. John Huskies hockey team is gearing up for their 21st ‘Fill the Bus’ Food Drive on December 2.All items collected from the Food Drive will be going to the Salvation Army. This is an integral campaign for the Salvation Army Food Bank as these items are the foundation of stock for the coming months.As this is a community event, the Huskies are seeking volunteers to help with the success of this event as many hands make light work.
Some of the most active companies traded Wednesday on the Toronto Stock Exchange:Toronto Stock Exchange (16,396.29, up 59.84 points).Crescent Point Energy Corp. (TSX:CPG). Energy. Up 33 cents, or 6.57 per cent, to $5.35 on 11.9 million shares.Baytex Energy Corp. (TSX:BTE). Energy. Up 36 cents, or 14.69 per cent, to $2.81 on 10.4 million shares.Encana Corp. (TSX:ECA). Energy. Up 38 cents, or 4.10 per cent, to $9.64 on 9.5 million shares.Aurora Cannabis Inc. (TSX:ACB). Health care. Up 43 cents, or 3.67 per cent, to $12.15 on 8.1 million shares.Cenovus Energy Inc. (TSX:CVE). Energy. Up 61 cents, or 4.78 per cent, to $13.36 on 6.9 million.Whitecap Resources Inc. (TSX:WCP). Energy. Up 41 cents, or 7.68 per cent, to $5.75 on 5.7 million shares.Companies reporting:Cogeco Inc. (TSX:CGO). Up $6.64 or 8.6 per cent to $83.68. Cogeco says it has completed a system update in Ontario and Quebec that has caused months of problems for the cable and internet company. CEO Philippe Jette says Cogeco has fixed the problems experienced while installing a new customer management system that resulted in a spike in complaints to the industry’s ombudsman and pushed customers to switch to competitors. Cogeco said its net income attributable to shareholders fell in the second quarter to $25.7 million from last year’s $46.6 million, when Cogeco benefited from U.S. tax reform.Quebecor Inc. (TSX:QBR.B). Down nine cents to $32.49. Canada’s telecom regulator has directed Quebecor to continue providing its TVA Sports signal to Bell TV subscribers. The Canadian Radio-television and Telecommunications Commission also warned Wednesday that it is “ready to use the means at its disposal to enforce its regulations,” which means that it could attach an order under Section 12 of the Broadcasting Act. Quebecor, which has called for higher rates from Bell for specialty channels, has threatened to scramble the signal of its French-language TVA Sports to Bell TV subscribers starting with Wednesday’s opening of the National Hockey League’s playoffs.TransAlta Corp. (TSX:TA). Up six cents to $9.89. The Ontario Securities Commission says it will hear an application on Friday in Toronto by activist U.S. investors who want to delay the annual meeting of power utility TransAlta Corp. and impose a transaction vote. The regulator says its proceeding will consider the application of Mangrove Partners, which with entities affiliated with Bluescape Energy Partners owns 10 per cent of TransAlta’s shares, to delay the meeting from April 26 until at least June 1. The American shareholders also want the regulator to force TransAlta to hold a vote on its proposed deal with Brookfield Renewable Partners, under which $750 million would be invested in the company’s hydroelectric assets.The Canadian Press
She said that the Maldives Education Minister has been urged to consider allowing students returning from Sri Lanka to be enrolled in schools in Maldives to resume their education uninterrupted. Maldives schools have been urged to accept students returning from Sri Lanka following the Easter Sunday attacks.Several Maldivian students are studying in Sri Lanka but after the attacks some students have returned to the Maldives. Former Maldives Foreign Minister Dunya Maumoon told the Colombo Gazette that some parents want their children to resume their education in the Maldives and not return to Sri Lanka. Dunya Maumoon is the daughter of Maumoon Abdul Gayoom, the former President of the Maldives. (Colombo Gazette)
Darryl Cunnington, an investigator with the League Against Cruel Sports, is suing the Belvoir Hunt after suffering a broken neck in an attackCredit:BPM Media Lady Sarah Mccorquodale with her sisters Diana Princess of Wales and Lady Jane Fellowes leaving the Royal Opera House in November 1995Credit:Alan Davidson/Silverhub/REX/Shutterstock The two men say the Belvoir Hunt, based at Belvoir Castle, Grantham, Lincs, is vicariously liable for the attack carried out by Grant and his son, and that they are entitled to aggravated damages.There is no suggestion that the Belvoir was illegally hunting foxes on the day of the attack.The hunt denies it was responsible for the actions of Grant or his son and denies “aiding and abetting the assault and harassment”.In its defence statement it said: “George Grant was not acting in the course of his employment by the Defendant, nor was such behaviour remotely connected with the work which he was required to perform for the Defendant. Quite the contrary was the case: he would have been acting in complete disregard of the specific instructions with which he had been issued.” A spokesman for the Belvoir Hunt added: “As this is an ongoing legal matter, it would be inappropriate to comment any further other than to say that as a hunt, we condemn violence of any kind.” Mr Swain was pushed down a 6ft slope. His camera was stolen and the assailants also tried to steal Mr Cunnington’s camera.A writ now lodged with the High Court claims Grant and his son, a volunteer with the hunt, refused to name the four masked men, who have never been traced.Mr Cunnington, of Melton Mowbray, was forced to wear a neck brace for weeks after the incident, to treat a fractured vertebra. He also suffered an injury to his shoulder and developed post-traumatic stress disorder.The writ says Mr Swaine, of Derby, suffered cuts and bruises and developed a generalized anxiety disorder. Leicester Crown Court heard in June 2018 that during a confrontation with Mr Cunnington and Mr Swain, Grant told his son: “Go and get the boys and come back”.His son returned a short time later with four “masked men” wearing dark clothes, their faces covered by balaclavas.In the ensuing melee Mr Cunnington was pushed off a ledge and down a 14ft slope and repeatedly kicked as he lay on the ground. Lady McCorquodale, who is joint master of the Belvoir Hunt, said Grant’s actions had been “out of character” and that she had “never seen him lose his temper like that.”The former High Sheriff of Lincolnshire and president of the Diana, Princess of Wales Memorial Fund, told Leicester Crown Court: “We’ve had contact on a regular basis through my role as joint master of the hunt. He has always been courteous, polite, hard working and a good communicator. “I’ve seen him under pressure on many occasions when the ‘anti-s’, or whatever you want to call them [hunt monitors], were there and he was slow to burn. I’ve no idea what happened on this occasion.”But Mr Cunnington, an investigator with the League Against Cruel Sports, and his colleague Roger Swaine, 47, are now suing the hunt for damages of £100,000, saying it was “vicariously liable” for the actions of its employee, which left them in agony for weeks and suffering from stress and anxiety.Mr Cunnington and Mr Swaine were attacked after four men in balaclavas were called by Grant and his son during a hunt on March 12, 2016.The pair were observing the hunt from a bridleway near Strathern, in Leicestershire, to ensure it was taking place in a lawful manner. George Grant (left) and his son Thomas (far right), admitted assaulting the two hunt monitors in March 2016Credit:Leicester Mercury / BPM Media A hunt led by the sister of Diana, Princess of Wales is facing a six figure claim for damages after one of its staff assaulted a legal observer, leaving him with a broken neck.Former police officer Darryl Cunnington, 60, suffered a fractured vertebra after being pushed down a steep slope while monitoring the activities of the Belvoir Hunt.The hunt’s kennel man, George Grant, 58, and his 26-year-old son Thomas were both sentenced to 13-months in prison, suspended for two years, and ordered to carry out 200 hours of unpaid work after pleading guilty to assault causing grievous bodily harm, actual bodily harm, theft, and criminal damage to property. At his trial Princess Diana’s eldest sister, Lady Sarah McCorquodale, vouched for Grant, telling Judge Jinder Singh Boora that he would lose both his home and his job if he was jailed. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings.
Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedGuyanese woman suspected to be involved in Canada cocaine bust yet to be arrestedNovember 30, 2018In “Crime”ECD businesswoman wanted for cocaine bust in CanadaOctober 5, 2018In “Crime”Dwidth Ferugson still on the run; CANU investigating local linkagesOctober 13, 2015In “Crime” A businesswoman who is wanted by the Custom Anti-Narcotics Unit (CANU) in connection with a drug bust in Canada last month has reportedly been found by the Canada Border Services Agency (CBSA).Wanted: Rosemary SinghThe woman who has being identified as Rosemary Singh of Ramsingh Street, Annandale, and South Annandale, East Coast Demerara (ECD) was reportedly spotted by police after she fled Guyana through its borders by boat.This was confirmed by reliable sources who noted that the Canadian Government located her in neighbouring, Suriname.“There is a Guyanese woman that they (immigration) have identified and that may have been involved in a drug ring. Her name is Singh, Rosemary Singh”, the source confirmed.However, it was noted that both CANU and their Canadian counterparts are working together and are continuing with investigations into the matter.Singh, proprietor of Rose Bar located in Section ‘C’ Enterprise, ECD is wanted for questioning by (CANU) in relation to a cocaine bust in Canada, stemming from on a bauxite shipment that departed Guyana.On September 15, Royal Canadian Mounted Police (RCMP) and the Canada Border Services Agency (CBSA) carried out a major drug enforcement exercise during which they seized 81 kilograms of cocaine at the Port of Valleyfield.The drug was found concealed in the hold of a vessel – Jacqueline C – carrying bauxite from Linden, where the ship departed. “After an initial search of the vessel, signs led us to concentrate on the front of the boat. And after a vigorous search, the cocaine was found concealed in bags in the hold of the vessel,” CBSA Deputy Director, Alain Surprenant, was quoted saying in subsequent reports.Nevertheless, four people were arrested, two of whom – 48-year-old Nazir Ahmad Hussain and 36-year-old Roldan De Gorio TITO – were charged with conspiracy to import drugs for the purpose of trafficking.According to a statement on the RCMP’s website, investigations revealed that the seized drug was heading for the Toronto and Vancouver markets.
AS Roma manager Eusebio Di Francesco feels that they ultimately paid a heavy price for their mistakes in their 4-1 defeat to Barcelona at the Nou CampThe Giallorossi conceded two own goals with Barcelona’s Gerard Pique then adding a third for the hosts. Edin Dzeko had given Roma a glimmer of hope when he scored, but Luis Suarez then hammered home from 14 yards to restore their advantage.Speaking after the match, Di Francesco felt that the overall results was not a fair reflection on their performance. But the Italian conceded that making the mistakes they did against Barcelona was always going to prove costly.Quiz: How much do you know about David Villa? Boro Tanchev – September 14, 2019 Time to test your knowledge about Spanish legendary forward David Villa.“I think the result is unfair on us given the way we played against a team like this. We scored an incredible own goal – Daniele De Rossi’s – and made mistakes in our own area. We made a game of it but were too slow in dropping off and reading certain situations. Ultimately, we needed to score when we had the chance to do so, like through [Diego] Perotti at the start of the second half or when we won the ball off their keeper. We needed to be more clinical because Barcelona are unforgiving.” said the Roma coach, according to the club website.“The players who started the game did well and so did our substitutes, [Stephan] El Shaarawy, [Gregoire] Defrel and [Maxime] Gonalons. Max played well, regardless of his mistake on the fourth goal. We were good in the first half and set out to score after the break with focus and determination. We managed to win the ball back but our decision-making let us down. And people always go on about how good our goalkeeper is but their goalie saved all our efforts tonight.”
Facebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, TCI, December 9, 2016 – Millennium Heights Homeowners continue to wait to see what will happen as Priton Development remains invisible when it comes to promised paved road completion, recreational park developed and street lights erected in phase two of their subdivision project. The named works were among the infrastructure items Government negotiated for at the onset of development agreement; but to date the work remains incomplete. It was in June 2016 that Premier Rufus Ewing, Planning Department, Environmental Health Department and Infrastructure Minister, Amanda Missick all toured the community. One on one though, he told Magnetic Media that his government is prepared to do what Priton won’t. This will be at tax-payers expense, when Priton Development, who continues to have no comment since the residents began speaking out, has already benefited substantially from sales of the over 200 houses. Planning had said it would not issue any more occupancy certificates. When the PNP launched its Manifesto on Monday, Premier Rufus Ewing did not have much to say when asked about the advancements on the issues in Millennium Heights. “Well if the developer don’t do it, we’re going to have to do it, because I think there is some provision within the development agreement that says proper lighting should be there, as well as certain streets should be there, like any development. And if they don’t do it, then we’re going to have to do it, especially the community lighting part of it, because it’s important that they get proper lighting within the communities. That’s why we’re looking to get the independent energy powered solar light outside of Fortis, so that we are able to do those within those communities.” Since then, there has been little communication and although the Planning Department had issued a stop notice to Priton Development to halt construction work; residents told Magnetic Media that home building continues. Facebook Twitter Google+LinkedInPinterestWhatsApp Related Items:
Car Industry Electric Cars 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value Post a comment Share your voice Tesla 2020 BMW M340i review: A dash of M makes everything better More From Roadshow Tesla 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 0 Enlarge ImageTesla is building Model 3s in record numbers but is struggling a little with the logistics of delivering them to customers. Nick Miotke/Roadshow Well kids, gather round because it’s that time of year once again where we discuss Tesla’s Q1 production and delivery numbers, now that they’ve been released.The report, which was released by Tesla on Wednesday evening, outlines much of what we already expected.Tesla managed to build a total of 77,100 vehicles in Q1 of 2019, over 80 percent of which were Model 3s. This means that Model 3 production is indeed humming along, something which would have been hard to imagine a year ago.The company delivered significantly more cars than it did this time last year, but also considerably fewer vehicles than it delivered in Q4 2018. The explanation for this, according to the Big T, is predominantly deliveries to China and Europe. Tesla had only delivered half the number of vehicles for the entire quarter by March 21, so it had to ramp things up for the last couple of weeks in order to catch up. Despite its delivery issues and several price fluctuations, the company asserts that it finished the quarter with plenty of cash on hand.Tesla is working to streamline its vehicle delivery system, particularly where Model 3 is concerned, to get cars from Fremont to customers all over the world. This process should, in theory, get some help once the Chinese Gigafactory comes online later in 2019 — and it’ll need help. Tesla reaffirmed it plans to deliver between 360,000 to 400,000 cars in 2019. Tags
To shore up revenues and protect domestic interests, the Union finance ministry has increased import duties on crude and refined oil by 5%.The customs duty on crude oil goes up from 2.5% to 7.5% and the duty on refined edible oil is now 15%, up from 10% earlier.The crash in crude oil prices has allowed the government to breathe easy, with the current account deficit (CAD) being in line with expectations.As crude oil prices have crashed by almost half, the government seeks to benefit from the increase in customs duty. ReutersIndia is the world’s third largest importer of fuel, at 4 million barrels a day.The refined edible oil import saw rates go to 15% from the earlier 10%, a development that is bound to affect consumer price. ReutersThe respective ministries for the two sectors had earlier sought proposals from the finance ministry to increase the duty rates, reports The Indian Express.India relies on import for about 60% of its domestic demand in vegetable oils – edible and non-edible oil, at about 19 million tonnes. The fiscal year 2013-14 saw record levels of import at 11.82 million tonnes, an increase of almost 12% over the previous year, backed by strong domestic demand and depressed international prices.The local industry body Solvent Extractors’ Association has been calling for a duty hike to protect domestic oilseed processors.Food Minister Ram Vilas Paswan had met Arun Jaitley, Finance Minister, to discuss import duty structure.
Amazon CEO Jeff Bezos demonstrates the Kindle Paperwhite during Amazon’s Kindle Fire event in Santa Monica, California September 6, 2012.Reuters fileAmazon’s acquisition of West Asia’s e-commerce company Souq on Tuesday not only gave it a foothold in the lucrative Gulf region but also catapulted founder-CEO Jeff Bezos to become the world’s second-richest person, ahead of Berkshire Hathaway’s Warren Buffett. Based on Amazon’s closing share price on Wednesday, Bezos’s net wealth stood at $75.6 billion. On Wednesday, the share price of Amazon had closed at $874.32, up 2.14 percent from its previous close.Till a few days ago, Bezos was the world’s third-richest with a wealth of $72.8 billion, below Buffett’s $75.6 billion, according to the Forbes 2017 Billionaires List. Microsoft co-founder Bill Gates was at the top, with a fortune of $86 billion.Bezos’s wealth has risen sharply since the victory of Donald Trump in the US presidential elections last November, with an addition of $7 billion since Trump’s election, reported the Bloomberg, adding that he had gained $10.2 billion this year alone, making it the third-biggest on the Bloomberg index in 2017. The top two gainers are China’s Wang Wei ($18.4 billion) and Facebook Inc. founder Mark Zuckerberg ($11.4 billion).Amazon on Tuesday acquired Souq for an undisclosed amount but the American firm’s adviser Goldman Sachs billed the deal as “the biggest-ever technology M&A transaction in the Arab world”, according to Reuters.Souq said the acquisition was consistent with the values of the two firms. “Amazon is a great fit with us. We have a lot of common values and it is all about innovation, technology and the type of customer experience and thinking that Amazon has,” Reuters quoted Souq.com co-founder and chief executive Ronaldo Mouchawar as saying.
A broker monitors share prices at a brokerage firm in Mumbai August 9, 2011.ReutersIndia’s benchmark indices gained on the early Friday trade after exit polls predicted a BJP win in assembly elections of Gujarat and Himachal Pradesh.BSE Sensex gained over 333 points intraday or 1.00 percent, to 33,580.22 on Friday, while the Nifty 50 rose 112.20 points to 10,364.30.Friday’s moves by the investors are widely anticipated, with many analysts believe that Nifty 50 index could hit 10,700 mark on BJP’s win in Gujarat.However, different surveys predicted different seat projections, but five out of six surveys predicted that BJP will win around 108+ seats. Last time in 2012, BJP won 116 seats in the state while Congress secured a mere 60 seats. Exit polls for Gujarat assembly election 2017.IBTPolitical commentators said the election in the last phases was focused on the leadership of Prime Minister Narendra Modi, and overcame the brewing anti-incumbency against the Vijay Rupani government and also diluted the anger of Gujarati society at large.The BJP government has been ruling in Gujarat for over 20 years, and the state has been the saffron bastion ever since.Gujarat-based companies’ shares surged on Friday as — Adani Ports gained 2.4 percent, Adani Enterprises 3.3 percent, Adani Power 2.5 percent, Adani Transmission 3.6 percent, Gujarat Narmada Valley Fertilizers rose 3.1 percent, Gujarat State Fertilizers & Chemicals 3.5 percent, Gujarat Industries Power Co. 2.5 percent.The picture in Himachal Pradesh also looks similar, with surveys projecting BJP’s win anywhere between 39-55 seats of the total 68 assembly seats in the state. Exit polls for Himachal Pradesh assembly election 2017.IBTNine of ten BSE BANKEX stocks are trading in green on Friday, with HDFC Bank being the highest gainer from the bank index.As of 11:45 am, Nifty 50 is trading at 10,346, 93 points higher, while BSE Sensex is trading at 33,529, i.e. 281 points higher.