Glencore Asks for Arbitration on Dispute with Newcastle Port

first_imgzoom Sydney-based mining company Glencore Coal Assets Australia (Glencore) has called for an arbitration to settle an access dispute with Port of Newcastle Operations (PNO) in relation to the shipping channel service at the port, according to the Australian Competition and Consumer Commission (ACCC).Glencore requested that the ACCC arbitrate on the dispute, which relates to the level of access charges, and access terms, set by PNO for users of the shipping channel service at the port, which was declared under Part IIIA of the Competition and Consumer Act 2010 (CCA) by the Australian Competition Tribunal in June 2016.The declared shipping channel service is “the provision of the right of access and use of the shipping channel (including berths next to walls as part of the channel) at the port, by virtue of which vessels may enter the port precinct and load and unload at relevant terminals located within the port precinct and then depart the port precinct.”“An ACCC arbitration would seek to identify a solution that balances the interests of both parties and promotes the economically efficient use and operation of these services,” Rod Sims, ACCC Chairman, said.Sims added that the ACCC’s role to arbitrate under Part IIIA only applies to declared services. As the declaration of the shipping channel service is currently the subject of an application for judicial review by the Full Federal Court, Sims said that “if that challenge is successful, the arbitration process will stop.”The ACCC must make a final determination within 180 days from the day a dispute notification is received.In May 2015, Glencore applied to have the shipping channel service at the Port of Newcastle declared. In January 2016, the Minister decided not to declare the service and Glencore applied for review of this decision by the Australian Competition Tribunal. The Tribunal declared the shipping channel service under Part IIIA of the CCA in June 2016.PNO subsequently applied for judicial review of the Tribunal’s decision by the Full Federal Court.last_img read more

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Cayman Mckeeva Bush Ran Up 33k Debt – Trial Begins

first_imgFacebook Twitter Google+LinkedInPinterestWhatsApp Related Items:cayman islands, mckeeva bush Facebook Twitter Google+LinkedInPinterestWhatsApp(Cayman News Service):As the former premier’s slot machine gambling appeared to intensify in the early months of 2010, the crown said McKeeva Bush ran up a debt of over $33,000 withdrawing cash on his Cayman Islands Government credit card to play in casinos in the US and the Bahamas. During a week’s trip to Vegas in February, Bush was gambling hard and withdrew over $12,000 cash on the card and just a few weeks later on a short official trip to the Bahamas and Miami he touched the card for more than $17,000, the court heard Tuesday as Bush’s trial continued. These amounts were on top of an existing and mounting cash debt already on the card. At that time, the crown said, Bush hadn’t made any payments back to government since December 2009 leaving the public purse to carry the debt burden.During the second day of the leader of the opposition’s trial for corruption and misconduct offences the jury heard that Bush’s efforts to get cash intensified, in 2010 as did his hours at the slots as well as his lossesCounsel representing the crown, Duncan Penny QC, told the jury that while Bush paid back some of the $33,000 several weeks after his gambling trips there was a sum of more than $10,000 outstanding which remained that way for more than two and a half years. It was not until the premier learned that his credit card statements were being investigated by police that he paid back the remaining debt, Penny told the court, as he began to wrap up his opening statement describing the crown’s case relating to the abuse of Bush’s government corporate credit card.Penny detailed the major withdrawals during two trips in 2010 where Bush’s use of his government card across the casinos grew as he accessed much larger amounts including his single largest cash withdrawal on the corporate card in Florida in March when he cashed $4000 on the casino floor.Having lost over $57,000 in Vegas, during a week-long personal trip which he had combined with a brief official appearance at the Winter Olympics in Vancouver, where he also gambled, Bush lost a further $45,000 in Florida a month later. He also was said to have lost an unknown amount in the Bahamas, where he was drawing money from various casinos. All of this was adding to his own personal credit card debts as well as the mounting personal bill on his CIG card.Describing the acceleration in the credit card debt, as he completed the summary of the crown’s case, Penny explained that Bush had begun to use the cashier system on the casino floors and sign for the credit card cash advances rather than use the ATMs. The lawyer said this was because Bush was able to access more cash that way than via the teller machines which limited his daily cash amounts.“The defendant became wise to the fact that the credit card was limited at the ATM to just $1000 per day,” he said, explaining that Bush began using the cashier services where he could sign for cash. Having started the previous July taking $500 here and $100 there on the government card Bush was now making withdrawals in the $1000s.The lawyers said that the money Bush was “so keen to get his hands on was going back into the hungry machines” as he added to his loses.Following the loss of more than a quarter of a million dollars since July 09 of his own money as well as that he had borrowed from the public purse, the court heard that Bush appeared to be in no hurry to pay back what he owed when he returned from the March trip.On his return from the Bahamas and Florida, having taken well over $17,000 in cash on the casino floors or from ATMs during the four day trip, which was for tourism related business, he made no immediate payments when he was sent the reconciliation memo as usual in the immediate wake of the official travel. Despite knowing, the crown’s attorney claimed, that the money he had taken on that card was not for any legitimate business purpose, Bush made no effort to make prompt payment to return the public money.However, some six weeks later he made the first of three random payments.The first was for CI$9,000 on 1 April then three weeks later a second cheque was written for US$13,000 and shortly after one for a CI$1000. A further trip after that in which he drew just $1000 in cash from a Florida Casino while playing the slots, according to the loyalty card, left an estimated debt of just over CI$10,000 which remained that way for about two and a half years.Despite efforts being made by some civil servants to press Bush to reconcile his credit card either with receipts or a written explanation or to pay back outstanding personal sums there was no money forthcoming from the premier until the matter was under investigation by the police.In early November 2012, the police issued a production order to the deputy governor for the premier’s credit card statements which were handed over to the investigating officers. Bush appears to have heard about the investigation into his cards and called Franz Manderson, the deputy governor, to ask him if his statements had been given to the police, which the top civil servant confirmed was correct. It was then that Bush said he had not known about the outstanding balance and made another payment of some $9000 to the government coffers.As he summarized the crown’s case against him Penny told the jury that Bush had breached his duty as a premier when he abused the card and allowed the public purse to carry a growing debt burden which was down to the then premier’s risky and addictive gambling habit. He said Bush began treating the government card like his own personal card as soon as it was given to him and his using the card for gambling was an affront to his high office.He said Bush had shown a disregard for the public trust when he used that card in casinos to get cash for gambling and then made no effort to pay it back before government began to carry the debt. “He allowed government to carry the burden to the tune of $10,000 for two and a half years and only paid it back when he was aware of the investigation,” the lawyer said.Penny closed his opening statement to the jury at around 11-30am on Tuesday morning.Bush has persistently denied the allegations against him, which include 11 counts of breach of trust and misconduct in public office, all of which relate to cash withdrawals at casinos made on a government credit card during his first year in office after he was re-elected in 2009 as the country’s leader. Bush has described the charges as a political witch-hunt to discredit him and the Cayman Islands by the FCO.The case continues in Grand Court One on Wednesday at 10am with the crown’s first witness, the financial secretary Kenneth Jefferson. Recommended for you Minister Presents Budget Culture & Heritage Policy/Plan Survey UK Governors of the Caribbean meet in Miamilast_img read more

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Morata is eager to celebrate a goal with Atleti

first_imgThe new Atletico Madrid striker is yet to score after he already played three games with his boyhood club.Alvaro Morata grew up in the Atletico Madrid youth system.And now he’s been loaned for six months from English Premier League side Chelsea to the Spanish La Liga club.After three matches played for the Spanish team, he is yet to score, something he hopes will change tomorrow when they play against Italian Lega Serie A club Juventus in the UEFA Champions League Round of 16.“I would celebrate my first goal here with these supporters… for all the Atletico fans,” Morata was quoted by Marca.“There are the same people [here] as when I left [as a child].”“Here I am again; only in my head have I played with this shirt,” he added.“It is a dream.”Morata suffered to gain the support of Los Colchoneros’ fans at first because he played with Real Madrid from 2010 to 2014.But he hopes a goal against Juventus will change their mind.Romelu Lukaku, Inter MilanLukaku backed to beat Ronaldo in Serie A scoring charts Andrew Smyth – September 14, 2019 Former Inter Milan star Andy van der Meyde is confident Romelu Lukaku will outscore Cristiano Ronaldo in this season’s Serie A.“We have to make the Wanda a fortress,” he added.“What is ours is ours and we cannot let anyone take anything away [from here].”“The key? Cristiano [Ronado] is key. And [Antoine] Griezmann for us,” he explained.“We’re going to do everything to stop [Ronaldo], we are going to neutralize him.”“It could be a final,” he continued.“Last year he made a save [when I was] with Chelsea,” said Morata about goalkeeper Jan Oblak.“I asked him [how he did it] and he said that it’s instinct. He’s the best goalkeeper in the world.”Muy feliz por la victoria de ayer!!! Y ahora… llega la Champions!!! #AúpaAtleti pic.twitter.com/gKsa1T7bgL— Álvaro Morata (@AlvaroMorata) February 17, 2019last_img read more

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81 more arrested in antidrug drive

first_imgLogo of arrestAt least 81 alleged drug peddlers and addicts were arrested with contraband phensidyl, yaba pills from Sherpur, Cumilla, Faridpur and Chandpur districts, reports UNB.In Sherpur, police arrested a total of 53 drug peddlers and addicts from different upazilas of the district from Sunday night to Monday morning.A total of 13 cases were filed in different police stations over those incidents, said Md Aminul Islam, additional superintendent of police.In Cumilla, police arrested at least 19 drug peddlers with 210 bottles of contraband phensidyl and 490 pieces of yaba pills from different upazilas of the district in the last 24 hours. As many as 14 cases were filed with different police stations in those connections, said Md Morshed Mahabub, additional superintendent of police.In Faridpur, police in separate drives arrested three drug peddlers with 122 bottles of contraband phensidyl and 200 pieces of yaba pills from different places of the district for last 24 hours, said Md Jakir Hossain Khan, superintendent of police.In Chandpur, Detective Branch (DB) of police in separate anti-drug drives arrested six persons over drug cases from different upazilas of the district for last 24 hours, police said.last_img read more

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Modis oneman show triumphs again in state polls

first_imgIndia’s Prime Minister Narendra Modi. Reuters file photoSensing his party’s drive for votes in India’s most politically prized state had stalled, Prime Minister Narendra Modi cleared his schedule and thrust himself into the heart of the battle.“Our election campaign has hit a roadblock,” Modi told campaign managers and two federal ministers in Delhi last month, a week before the sixth of seven phases of voting was to begin in the northern state of Uttar Pradesh.“I don’t want to feel that I could have pushed myself a little more,” Modi was quoted as saying by a close aide who attended the meeting.For three full days the leader of the world’s largest democracy camped out in the holy city of Varanasi, his parliamentary constituency, walking the ancient streets and stopping at Hindu temples to seek blessings, despite warnings from aides about his security and the risk to his reputation had his party come up short.On Saturday the gamble paid off: Modi’s Bharatiya Janata Party (BJP) scored a thumping victory in Uttar Pradesh, home to one in six Indians, winning the biggest majority in the state for any party since 1977.The triumph vindicates Modi’s decision to turn the campaign into a referendum on his own performance after his shock decision last November to abolish high-denomination banknotes, a move he framed as a fight for the poor against the corrupt rich.“We were always nervous that overexposing the prime minister in the final stages of the election could make us look desperate,” said Keshav Prasad Maurya, the BJP’s state leader in Uttar Pradesh.As it turned out, Modi’s victory confounded even the most bullish voter surveys. The BJP won 312 of the 403 seats in the state assembly and, with 39.7 percent of the vote, almost matched its showing in Uttar Pradesh in the 2014 general election, when it claimed the biggest parliamentary majority in three decades.“Modi’s magic has destroyed the opposition and silenced sceptics in the party,” Maurya told Reuters on Saturday, as the scale of the victory became clear.TWO-TERM MODIThe win clears a path to victory for Modi at a 2019 general election, and gives him a free hand to consolidate his grip over a state that sends the highest number of federal lawmakers to parliament.That has raised hopes among investors that the BJP will embark on a round of new reforms to boost growth in Asia’s third-largest economy, and try to tackle the corruption and red tape that has long undermined India’s potential.Economists now expect Modi to launch initiatives aimed at flushing out ill-gotten gains from real estate, gold and campaign finance.But they caution that his biggest task remains transforming India’s economy into one that creates enough jobs for an emerging generation that is desperate to give up life on the farm for a more prosperous future.“Jobs is the biggest risk,” said Rajiv Kumar, an economist at the Delhi-based Centre for Policy Research. “That’s where he has to focus very hard and it could mean reforms as radical as demonetisation.”Modi’s BJP now heads the government in states where more than half of Indians live, while the Congress party, which has ruled India for most of the 70 years since independence, leads in regions covering less than 8 percent of the population.Success will increase the pressure on Modi to provide for an increasingly aspirational nation of 1.3 billion people, half of whom are aged 25 or under.“He has to do a very delicate tightrope walk between being reformist and populist,” said Nilanjan Mukhopadhyay, a journalist and biographer of Modi. “The problem in India is that people think reforms are pro-rich.”COMMUNAL TONEModi relied on his own charisma to clinch crucial votes in poor and agrarian Uttar Pradesh, but his campaign manager Amit Shah also takes credit for fielding the right candidates in a region where many people vote along caste and religious lines.Critics accuse Shah and Modi of “social engineering” and of switching to a more communally divisive tone to fire up their Hindu base as voting, staggered over the course of a month, progressed.Shah vowed to construct a Hindu temple on a razed mosque site and ban the slaughter of cows, worshipped by millions of Hindus.On the campaign trail, too, Modi played up religious divisions by asking why the state government ensured there were no power cuts in the Muslim holy month of Ramadan but not during the Hindu festival of Diwali.Still, the BJP likely collected minority votes, including Muslim women whom he courted by questioning an Islamic practice that allows men to divorce their wives with three simple words.“The results prove that Muslims and backward caste groups voted for the BJP,” said R.K. Mishra, a political analyst in Lucknow, the state capital of Uttar Pradesh.last_img read more

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Richardson denies being asked to leave advisory panel

first_imgBill RichardsonVeteran US diplomat Bill Richardson denied he was asked by Myanmar’s government to step down from an international advisory board on the Rohingya crisis, his spokesman said on Friday.A statement issued by the office of Myanmar leader Aung San Suu Kyi late on Thursday had accused Richardson of pursuing “his own agenda” and said that the government decided to ask him to quit as his continued participation on the board would not be in the best interests of all concerned.”At no point was the Governor asked to step down, either in person or in writing by any member of the Government of Myanmar or the Chair of the Advisory Board,” Richardson’s spokesman Mickey Bergman told Reuters.”Quite the opposite, their National Security Advisor stopped by the night before to convince the Governor to stay as planned.”Richardson said in an interview with Reuters on Wednesday that he was resigning from the board because it was conducting a “whitewash” and accused Myanmar’s leader, Aung San Suu Kyi, of lacking “moral leadership”.The departure of Richardson, a former Clinton administration cabinet member, came as the 10-member advisory board was making its first visit to western Rakhine State, from where around 688,000 Rohingya Muslims have fled in recent months.A U.S. official, who spoke on Thursday on condition of anonymity, said the issues raised by Richardson had reinforced concerns about Myanmar’s handling of the Rohingya crisis. Still, the official said, the United States would likely stick to its ”measured” approach of applying limited pressure on Myanmar and avoiding more drastic measures that could destabilize the situation.’CHEERLEADING SQUAD’A separate statement from the nine remaining members of the advisory board on Thursday said they met this week “with open minds” and agreed “to speak with one voice”.”Therefore, any statement about the Advisory Board ‘whitewashing’ or ‘cheerleading’ for anyone lacks complete legitimacy,” the board said.Richardson said in the Reuters interview that he was worried the board would become “a cheerleading squad” for the government.Richardson’s spokesman said the reference to pursuing his own agenda would seem to refer to his addressing with Suu Kyi the issue of two imprisoned Reuters journalists.In his interview with Reuters, Richardson said he got into a furious argument with Suu Kyi at a Monday night dinner when he brought up the case of two Reuters reporters, who were arrested on Dec. 12 on suspicion of violating Myanmar’s Official Secrets Act.Reporters Wa Lone, 31, and Kyaw Soe Oo, 27, had worked on Reuters coverage of the crisis in Rakhine. They were detained on Dec. 12 after they had been invited to meet police officers over dinner in Yangon.”It’s important to note that he agreed to serve on the Board a month before the Reuters journalists were arrested,” said Richardson’s spokesman Bergman.The armed forces have been accused by Rohingya witnesses and human rights activists of carrying out killings, rapes and arson in Rakhine in a campaign senior officials in the United Nations and United States have described as ethnic cleansing. Myanmar rejects that label and has denied nearly all the allegations.The former New Mexico governor’s foundation, the Richardson Center, has “invested tens of thousands of dollars of its own money” in preparing for his role on the board “and were gearing up for a full year of robust programming for 2018,” Bergman said.Richardson led the first foreign delegation allowed to visit Suu Kyi in 1994 when she was under house arrest, Bergman said, “and helped to get many Myanmar political prisoners out during military rule, some are currently serving in her government.”It is heartbreaking to see her indulging in similar practices, now that she is in power,” Bergman added.REPATRIATION CAMPSFormer South African Defence Minister Roelof Petrus Meyer, one of the four remaining international members of the board, said on Thursday Richardson’s departure was “really unfortunate”.After touring temporary repatriation camps set up by Myanmar, Meyer said he thought the country was ready to take back the Rohingya refugees under an agreement with Bangladesh, where they are currently sheltering.”The security will be provided…the subject is so internationally covered so I don’t think (Rohingya) people should be scared,” he said.The Advisory Board for the Committee for Implementation of the Recommendations on Rakhine State was set up by Myanmar last year, to advise on enacting the findings of an earlier commission headed by former U.N. Secretary-General Kofi Annan.Thursday’s statement from Suu Kyi’s office said the government was committed to “implementing the recommendations of the Advisory Commission on Rakhine State to the fullest extent possible and in the shortest timeframe, in accordance with the situation on the ground”.last_img read more

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Will Bloom box replace power grid Details on Wednesday w Video

first_img Algae bloom fouls Florida Keys © 2010 PhysOrg.com (PhysOrg.com) — The hot energy news for this week comes in the form of a small box called the Bloom box, whose inventor hopes that it will be in almost every US home in the next five to 10 years. K.R. Sridhar, founder of the Silicon Valley start-up called Bloom Energy, unveiled the device on “60 Minutes” to CBS reporter Leslie Stahl on Sunday evening. Although Sridhar made some impressive claims on the show, he left many of the details a secret. This Wednesday, the company will hold a “special event” in eBay’s town hall, with a countdown clock on its website suggesting it will be a momentous occasion – or at least generating hype. Explore further Sridhar explained that the fuel cells inside the Bloom boxes are made from sand turned into thin ceramic squares, each side coated with a green or black “ink.” A single cell can power about one light bulb, but a stack of 64 of the cells could be “big enough to power a Starbucks,” Sridhar said. In between each disk there’s a metal plate, but the Bloom box supposedly uses a cheap metal alloy instead of expensive platinum. One of Bloom Energy’s early critics, Michael Kanellos of Green Tech Media, noted that researchers have been working with fuel cells since the 1830s. On “60 Minutes,” he told Stahl that, if Sridhar succeeds in making the technology affordable and efficient, there will likely be others that can, too.“The problem is then G.E. and Siemens and other conglomerates probably can do the same thing,” he said. “They have fuel cell patents; they have research teams that have looked at this,” Kanellos said.”What do you think the chances are that in ten-plus years you and I will each have a Bloom box in our basements?” Stahl asked Kanellos.”Twenty percent,” he said. “But it’s going to say ‘G.E.'”Further details on the Bloom box – its efficiency; the materials it’s made of; how much carbon dioxide, water, heat, and other emissions it produces – are still secret. In a blog post Monday afternoon, Kanellos said that he had found a US patent filed by Bloom in 2006 and granted in 2009 that mentions the material “yttria stabilized zirconia” as well as electrodes made of metals in the platinum family – although this doesn’t necessarily mean anything. More information may be revealed at Wednesday’s event, which will feature John Doerr, partner in the venture capital firm Kleiner Perkins, which has provided financial assistance to the company. (Sridhar told Stahl that an estimate of $400 million raised by Bloom so far is “in the ballpark.”) Former Secretary of State Colin Powell, a member of Bloom Energy’s board, is also scheduled to be in attendance.• Join PhysOrg.com on Facebook!• Follow PhysOrg.com on Twitter! More information: CBScenter_img As Sridhar explained to Stahl, the Bloom box is a new kind of fuel cell that produces electricity by combining oxygen in the air with any fuel source, such as natural gas, bio-gas, and solar energy. Sridhar said the chemical reaction is efficient and clean, creating energy without burning or combustion. He said that two Bloom boxes – each the size of a grapefruit – could wirelessly power a US home, fully replacing the power grid; one box could power a European home, and two or three Asian homes could share a single box. Although currently a commercial unit costs $700,000-$800,000 each, Sridhar hopes to manufacture home units that cost less than $3,000 in five to 10 years. He said he got the idea after designing a device for NASA that would generate oxygen on Mars, for a mission that was later canceled. The Bloom box works in the opposite way as the Mars box: instead of generating oxygen, it uses oxygen as one of the inputs.Video: The Bloom box on “60 Minutes.”Although Sunday was the first time Bloom Energy came public with the Bloom box (there’s not even a sign on the company’s building), several devices are already being used by about 20 well-known companies. Google, FedEx, Walmart, eBay, Staples, and others have taken advantage of tax credits to purchase the Bloom boxes, and they’re seeing cost savings in their energy bills. For example, four refrigerator-sized units have been powering a Google datacenter for the past 18 months, using about half as much natural gas as would be required to generate the same amount of energy at a traditional power plant. And at eBay, five units running on bio-gas made from landfill waste that were installed nine months ago have saved the company more than $100,000 in electricity costs, said eBay CEO John Donahoe on “60 Minutes.” Donahoe added that, on a weekly basis, the Bloom boxes generate five times as much power than the 3,000 solar cells that are installed on the roofs of the company’s buildings. Citation: Will Bloom box replace power grid? Details on Wednesday (w/ Video) (2010, February 23) retrieved 18 August 2019 from https://phys.org/news/2010-02-bloom-power-grid-wednesday-video.html K.R. Sridhar holds two Bloom boxes, which together he says could power a US home. Credit: CBS. This document is subject to copyright. Apart from any fair dealing for the purpose of private study or research, no part may be reproduced without the written permission. The content is provided for information purposes only.last_img read more

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