Report, Auto News, ET Auto

India ended the last fiscal year with copper imports of 2,333,671 tonnes.

India’s copper import, which rose 26% to 60,766 tonnes in the June 2021-2022 quarter, is expected to increase further over the remainder of the year as economic activity continues to boom. COVID-related restrictions resumed, the International Copper Association said.

The country’s copper imports could reach 3 lakh ton as economic growth accelerates despite adequate domestic capacity to meet growing demand, he said.

“In the first quarter of fiscal 22, India’s copper imports increased by 26 cents to 60,766 tonnes, from 48,105 tonnes in the same period last year, even as the country was in the throes of a second wave of COVID with several lockdowns.

“Demand for the crucial metal, which is a key input for several sectors, is expected to increase further over the remainder of the year as economic activity sees a sharp recovery in COVID-related restrictions,” he said. he declares.

India ended the last fiscal year with copper imports of 2,333,671 tonnes.

With a growth of 26 to 30%, imports are expected to be in the order of 295,000 to 304,000 tonnes for the current fiscal year, the association added.

“It is disheartening to see imports increasing so sharply and other countries winning at our expense even though we have sufficient domestic production capacity to meet our domestic demand,” said Mayur Karmakar, director of the International Copper Association. .

“We are seeing a sharp increase in copper imports into the country. Even though the first quarter of this fiscal year saw several lockdowns and various restrictions imposed in several states due to the second wave of COVID, copper imports increased by 26%. compared to the same quarter last year, ”Karmakar said.

He said given strong demand from various sectors, copper imports could increase 30% year-on-year between July and March.

“With the economy opening up and foreclosure restrictions easing in most parts of the country, we are seeing a further surge in demand as manufacturing and other sectors gain momentum,” he added.

Significantly, India was a net exporter of copper for almost two decades before the closure of the Sterlite copper plant in Tuticorin, Tamil Nadu in May 2018.

In the same year, India became a net importer of copper for the first time. With increasing demand from various sectors, the import figure is expected to increase every year, although domestic production is hardly increasing.

According to the Ministry of Commerce, India generated net foreign exchange of US $ 1.1 billion from copper exports in 2017-18. However, after the closure of the Sterlite Copper smelter, India now experiences a net foreign exchange outflow of USD 1.2 billion due to copper imports each year.

In addition, India’s import of refined copper has benefited China to a large extent. Prior to the closure of the Tuticorin smelter, India exported copper worth US $ 2.1 billion to China in 2017. The same amount has sharply declined to just US $ 532 million in 2020. At the same time, copper exports to China from Pakistan and Malaysia increased by more than $ 2 billion from 2017 to 2020.

In other words, the suspension of operations at the Tuticorin smelter helped China reduce its import dependence on India by $ 1.5 billion.

Source link

today in history | national news

Today in history

Today is Sunday, September 19, the 262nd day of 2021. There are 103 days left in the year.

The highlight of today’s history:

On September 19, 1796, President George Washington’s farewell speech was published. In it, the first US chief executive advised: “Observe good faith and justice to all nations. Cultivate peace and harmony with all.

To this date :

In 1777, the first battle of Saratoga took place during the War of Independence; although British forces succeeded in driving out American troops, the Americans won a second battle the following month.

In 1881, the 20th President of the United States, James A. Garfield, died two and a half months after being shot by Charles Guiteau; Chester Alan Arthur became president.

In 1945, Nazi radio propagandist William Joyce, known as “Lord Haw-Haw”, was convicted of treason and sentenced to death by a British court.

In 1957, the United States conducted its first contained underground nuclear test, named “Rainier”, in the Nevada desert.

In 1984, Britain and China reached a draft agreement on the transfer of Hong Kong from British rule to Chinese rule by 1997.

In 1985, the Mexico City area was struck by a devastating earthquake that killed at least 9,500 people.

In 1986, federal health officials announced that the investigational drug AZT would be made available to thousands of AIDS patients.

In 1995, the New York Times and the Washington Post published Unabomber Ted Kaczynski’s (kah-ZIHN’-skee) manifesto, which was found to be instrumental in identifying and capturing him.

In 1996, IBM announced that it would extend health benefits to the partners of its gay employees.

In 2001, the Pentagon ordered dozens of advanced planes in the Persian Gulf region as the time for military retaliation against the deadly 9/11 terrorist attacks drew near.

In 2004, Hu Jintao (hoo jin-tow) became the undisputed leader of China with the departure of former President Jiang Zemin (jahng zuh-MEEN ‘) from his highest military post.

In 2008, struggling to avert financial catastrophe, the Bush administration presented a sweeping bailout calling for a takeover of half a trillion dollars or more of worthless mortgages and other bad debt held by shaky institutions. Relieved investors drove stocks up on Wall Street and around the world.

Ten years ago: In a speech at the White House, a combative president, Barack Obama, demanded that the richest Americans pay higher taxes to help reduce by more than $ 3 trillion the growing deficits of the United States. Mariano Rivera set a major league record with his 602nd save, ending the New York Yankees 6-4 victory over the Minnesota Twins. Dolores Hope, who was married to Bob Hope for 69 years and sometimes sang on her shows for American troops and on her television specials, has died in Los Angeles at the age of 102.

Five years ago: President Barack Obama and Iraqi Prime Minister Haider al-Abadi (HY’-dahr ahl ah-BAH’-dee), meeting on the sidelines of a United Nations summit, warned the Islamic State group that they planned to take back the city of Mosul within a few months. World leaders gathered at the United Nations endorsed a declaration aimed at providing a more coordinated and humane response to the refugee crisis, which was straining resources and fueling divisions around the world. Angelina Jolie Pitt has filed for divorce from Brad Pitt, citing irreconcilable differences.

A year ago: President Donald Trump urged the Republican-led Senate to consider his next appointment “without delay” to fill the vacant Supreme Court post created by the death of Justice Ruth Bader Ginsburg in just six weeks before the elections. A law enforcement official said authorities intercepted an envelope addressed to the White House that contained the castor poison. (A Canadian woman was later arrested while attempting to enter the United States near Buffalo, New York, and charged with uttering threats against President Donald Trump while sending the package; she pleaded not guilty. Demonstrators have taken to the streets of London, Tel Aviv and other cities to protest restrictions on coronaviruses, even with infection rates on the rise in many places and the global death toll approaching million.

Today’s Birthdays: Author Roger Angell is 101 years old. Actress Rosemary Harris is 94 years old. Actor David McCallum is 88 years old. Singer-songwriter Paul Williams is 81 years old. Singer Bill Medley is 81 years old. Singer Sylvia Tyson (Ian and Sylvia) is 81 years old. R&B singer Freda Payne is 79 years old. Retired professional golfer Jane Blalock is 76 years old. Singer David Bromberg is 76 years old. Actor Randolph Mantooth is 76 years old. Singer and rock musician Lol Creme (10cc) is 74 years old. Former NFL running back Larry Brown is 74. Actor Jeremy Irons is 73 years old. Actor Twiggy Lawson is 72 years old. TV personality Joan Lunden is 71 years old. Singer-producer Daniel Lanois (lan-WAH ‘) is 70 years old. Actor Scott Colomby is 69 years old. Musician-producer Nile Rodgers is 69 years old. Singer-actor Rex Smith is 66 years old. Rock singer Lita Ford is 63 years old. Actor Kevin Hooks is 63 years old. Actress Carolyn McCormick is 62. Celebrity chef Mario Batali is 61 years old. Actor-comedian Cheri Oteri is 59 years old. Country singer Jeff Bates is 58 years old. Country singer Trisha Yearwood is 57 years old. O’Brien is 55 years old. Celebrity chef Michael Symon is 52 years old. Actor Victor Williams is 51 years old. Sanaa Lathan (suh-NAH ‘LAY’-thun) is 50 years old. Actor Stephanie J. Block is 49 years old. Rock singer A. Jay Popoff (Lit) is 48 years old. “Tonight Show” host Jimmy Fallon is 47 years old. TV personality Carter Oosterhouse is 45. TV host Alison Sweeney is 45 years old. Folk-rock singer-musicians Sara and Tegan (TEE’-gan) Quin are 41 years old. Actor Columbus Short is 39 years old. Rapper Eamon is 38 years old. Actor Kevin Zegers is 37 years old. Actress Danielle Panabaker is 34 years old. Actress Katrina Bowden is 33 years old.

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed without permission.

Source link

Climate change, logging collide – and a forest is shrinking | State and regional

In the Black Hills, centuries-old ponderosa pine stands have been thinned over the past two decades and then thinned again. In some areas, most of the remaining older and larger trees are cut down, leaving the hills almost bare.

“Eventually you won’t have big trees all over the forest,” said Dave Mertz, who worked as a government natural resources officer overseeing Black Hills logging until his retirement in 2017. “L he lumber industry is pulling the strings now. The Forest Service has lost its way.

Disastrous predictions

In the western United States, more and more trees are dying as climate change dramatically alters the landscape and makes forests more vulnerable. Forest fires, insects and disease are the main killers, researchers say.

A broad government review of forest health surveys since 1993 found that tree mortality rates have increased during this century and exceeded new growth in all eight states examined – Arizona, Colorado, Idaho, Montana, Nevada , New Mexico, Utah and Wyoming. Timber harvested from Forest Service lands over the past two decades has also increased.

In the Black Hills, these two trends collided. With more trees cut down and even more killed by beetles and fires in recent years, government scientists say the forest cannot grow fast enough to keep up.

Source link

TM companies and hospitals face dilemma with fed vaccine mandates

HELENA – Montana hospitals and large businesses across the state prepare to wrestle on the horns of a Covid-19 dilemma, as they face two upcoming federal rules designed to force vaccines from employees – and state law prohibiting such warrants.

“It just raises a lot of questions, a lot of concerns, and it’s something that the business world is really trying to figure out how they’re going to comply,” said Montana Chamber of Commerce president Todd O’Hair. , to MTN News this week. .

MTN News

Todd O’Hair, president of the Montana Chamber of Commerce.

The Biden administration is preparing a rule requiring all businesses with 100 or more employees to require their employees to be vaccinated against Covid-19, or to undergo weekly testing.

And, the federal Centers for Medicare and Medicaid Services (CMS) will soon require vaccination of all staff in hospitals and some other health care facilities that receive federal funding – or they will not be paid under these coverage plans. .

“There isn’t a hospital in this state that could survive financially, not receiving Medicare and Medicaid payments,” said Rich Rasmussen, president of MHA, the lobby group representing hospitals in Montana.


MTN News

Rich Rasmussen, President of the MHA.

At the same time, Montana may be the only state in the country to have a law essentially prohibiting employers from requiring employees to be vaccinated or discriminating against those who do not.

The state’s Republican majority in the legislature passed the law in April and Republican Governor Greg Gianforte signed it. All Democrats in the legislature voted against.

Anthony Johnstone, a law professor at the University of Montana, said on Friday that the 100-plus employee business rule, enforced by the Occupational Safety and Hazard Administration, should trump state law – if it withstands legal challenges.

The authority of the CMS rule over state law is less clear, as it ties compliance to Medicare and Medicaid payments, he said.

Still, Montana hospitals and businesses say they’ll figure out how to comply – in the hopes that lawsuits from all sides could complicate the situation.

“Businesses are caught in the middle of this kind of tussle that’s going on right now, and a lot of it will have to be resolved in court,” O’Hair said.

He said some companies are also considering challenging Montana law in court. The Montana business community and hospitals would prefer that the decision on vaccinations be left to each private company and their unique concerns.

“There are companies that have these unique situations where they would like to be able to force their employees to get vaccinated,” O’Hair said. “If you are a physiotherapist, for example, or if you are a restaurant very concerned with being able to vaccinate your employees. “

And while many hospitals wish they could require vaccinations for employees, in some circumstances others cannot, Rasmussen said.

“In some communities, it may be wise for a facility to require the flu shot, or, certainly, to require the vaccinations recommended by the CDC,” he said. “And in some communities, they may think that a requirement was not necessary. “

Most Montana hospitals also have more than 100 employees, Rasmussen said, putting them under both rules.

O’Hair questioned whether the business rule would meet the goal of an increase in vaccination in Montana, because the state has so few companies with 100 or more employees.

O’Hair did not have exact numbers, but census data indicates that around 100,000 Montanais work for large companies, less than a fifth of the state’s total workforce.

Businesses are also concerned about the impact of the rule on the workforce and the ability of large companies to hire, in the face of labor shortages, he said. If an employee doesn’t like the vaccination mandate, he or she can leave for a smaller, unregulated company, he said.

Rasmussen said hospitals also have many questions about how the rules will be enforced, such as when the compliance deadline will be, whether the rules apply immediately to new hires or how they would apply to itinerant nurses who are brought into the state to reinforce the overworked staff.

“It just creates a lot of questions that we don’t have answers to at the moment,” he said.

Attorney General Austin Knudsen has said he will challenge any federal vaccine mandate in court, likely joining other Republican state GAs.

The two Republican members of the Montana congressional delegation – Senator Steve Daines and Representative Matt Rosendale – have also said they oppose federal mandates on vaccines.

Tester-Jon Infra.jpg

Mike Dennison-MTN News

US Senator Jon Tester, D-Mont.

Still, Democratic Sen. Jon Tester told MTN News on Thursday that while he was not a fan of terms of office, he felt President Biden needed to take action, to fend off the virus and prevent the economy from falling. collapse.

“We have filled our hospitals to the brim with people dying from Covid,” he said. “I would just beg people, if you haven’t been vaccinated, please come out and get vaccinated. It is the right thing to do for you and your neighbors.

“If we don’t, we’re going to end up where we were a year ago, and that’s not what we want our economy to be. … I wish the president didn’t have to, but I think the president had to.

Source link

The popular Bayville, New Jersey Bank, will close this year

We’re pretty attached to our banks, aren’t we? They help us move into our new home, build our business, and save for the future. Nowadays, banking has gotten pretty smart with game-changing smartphones. We are just a few clicks away from controlling our cash flow from anywhere. I think about it sometimes, did we ever think it was possible years ago? When you think about it, this is really something we would have seen on the Jetsons.

Listen to Shannon Holly mornings on 94.3 The Point and download our free 94.3 The Point app.

Since the internet continues to do its job, brick and mortar locations are getting a little less crowded. This is the case with a local bank that many of us use and love here on the Jersey Shore.

Photo credit: OceanFirst Bank Facebook

OceanFirst Bank has proudly served us here in New Jersey since 1902, to put that into perspective, that is, the same year Theodore Roosevelt became the first US President to get into an automobile. Don’t worry, OceanFirst is still helping families with all of their financial needs, but they will consolidate the branch located at 791 Route 9 into the OceanFirst Bank branch located at 900 Lacey Road. This change will occur on December 3 of this year at 2 p.m.

OceanFirst Bank will always be able to serve you at any of its branches in New Jersey, New York and Philadelphia. They also offer remote banking options such as:

Online banking and bill payment

Photo by Pickawood Unsplash

Mobile banking with mobile check deposit

Photo by Paul Hanaoka Unsplash

debit cards

Photo by Patrick Tomasso


Video storytellers

Photo by Joyce Busola

I just wanted to let you know about the news so that when you shop you will be notified of the change!

Here are 25 ways to start saving money today

These tips for saving money, whether it’s finding discounts or just changing your day-to-day habits, can come in handy whether you have a specific savings goal or want to save money. money set aside for retirement or just want to withdraw a few cents. It’s never too late to be more financially savvy. Read on to find out more about how you can start saving right now. [From: 25 ways you could be saving money today]

KEEP READING: Discover The Richest Person In Each State

KEEP READING: Here Are The Best Places to Retire in America

Source link

Missoula County added to USDA drought zones

Missoula County has been designated a primary natural disaster area by the United States Department of Agriculture. To be included in this category, Missoula County has suffered a drought for at least eight weeks this season. USDA examines severe, extreme and exceptional drought conditions. The designation allows producers to apply for emergency loans that can replace equipment or livestock, help reorganize a farm, or refinance certain debts.

Counties surrounding Missoula are also eligible for drought recovery options. This includes Ravalli County. Other counties are Sanders, Powell, Mineral, Granite, Lake and Flathead, according to a USDA press release. More information is available in line.

Qualifications for production losses are “a 30% reduction of a primary crop in a designated or continuous county. Quality losses, such as receiving a 30% reduced price for damaged crops, may be eligible. The agricultural services agency will review applications The deadline to apply is May 3, 2022.

Drought has been severe across the Northwest this year. The USDA reported an average topsoil moisture shortage of 96% in Montana. This was only surpassed by Washington State with 100% very short to short humidity. At least half of the rangelands and pastures were rated “poor” or “very poor” in eight of the 11 western US states, again with Washington at the top of the list at 96% and Montana at the top. 88% low or very low humidity. Oregon was at 87%. Montana was helped by early rains that added to water stored in lakes and reservoirs, but the constant hot, dry weather caused reservoir levels to drop rapidly this summer.

The emergency loan program is triggered when a natural disaster is designated by the Secretary of Agriculture or the President under Stafford Act.

WATCH: The costliest weather and climate disasters of decades

Stacker ranked the costliest climate disasters by the billions since 1980 by the total cost of all damage, adjusted for inflation, based on 2021 data from the National Oceanic and Atmospheric Administration (NOAA). The list begins with Hurricane Sally, which caused $ 7.3 billion in damage in 2020, and ends with a devastating hurricane in 2005 that caused $ 170 billion in damage and killed at least 1,833 people. Read on to learn about the 50 costliest climate disasters of the past decades in the United States.

LOOK: What are the chances that these 50 totally random events will happen to you?

Stacker took the guesswork out of 50 random events to determine how likely they are to actually happen. They drew their information from government statistics, scientific articles and other primary documents. Read on to find out why expectant parents shouldn’t rely on due dates – and why you should be more worried about dying on your birthday than living to 100.

Source link

Six low-cost first-time buyers can buy without a down payment

First-time buyers can become homeowners without a down payment by living outside of major cities.

This is possible thanks to the USDA Rural Home Loan Program, which offers support to those who generally cannot get a mortgage due to their low income.


We’ve rounded up the cheap homes available in areas eligible for the USDA Rural Home Loan Program.

The loans are guaranteed by the rural development program of the Ministry of Agriculture and do not require a down payment.

There are income limits for securing a home loan guarantee, which vary depending on where you live and the size of the household.

To find the limit of the county where you live, consult the USDA website.

There is no loan limit, but keep in mind that the amount you can borrow is limited by your income and your household debt ratio.

To apply for a USDA secured loan, you must speak to a participating lender.

Below, we’ve rounded up homes listed on Zillow below $ 100,000 that are located in eligible rural areas, according to the USDA Eligibility Tool.

Just be aware that some will need a little love before moving in and the cost of renovations will increase your spending.

If you prefer to get a larger mortgage, you can provide the address of the home you want to buy to see if you qualify for home loans.

Aberdeen, CA – $ 29,000

For less than $ 30,000 you can buy a one bedroom house in California


For less than $ 30,000 you can buy a one bedroom house in CaliforniaCredit: Zillow
The sale of the property also includes a leather sofa as well as a dining table and chairs


The sale of the property also includes a leather sofa as well as a dining table and chairsCredit: Zillow

The cheapest house costs $ 29,000 and it is located in California – perfect if you are looking for pleasant temperatures all year round.

The house is a one bedroom, one bathroom house and has an additional room which is used as a bedroom converted into an enclosed patio.

A leather sofa and two leather rocking armchairs, a dining table and chairs, a washer and a dryer are included in the sale of the mobile home.

Glendive, Montana – $ 49,900

This pretty Montana property could be yours for $ 49,900


This pretty Montana property could be yours for $ 49,900Credit: Zillow
You may need to upgrade the bathroom, so keep that in mind before you splash around


You may need to upgrade the bathroom, so keep that in mind before you splash aroundCredit: Zillow

For almost $ 20,000 more at $ 49,900, you can get a bedroom, a bathroom lodge located in Glendive, Montana.

The main level of the house also has the living room, and another can be used as a pantry or dining room.

Additionally, there is a basement which is said to be “unfinished”, but it houses utilities and provides a storage area.

The house was built in 1910 and the land measures 2,613 square feet.

Tollesboro, Kentucky – $ 49,900

Small Families Can Enjoy This Home In Tollesboro


Small Families Can Enjoy This Home In TollesboroCredit: Zillow
Distributed over two floors, the property comprises three bedrooms and two bathrooms.


Distributed over two floors, the property comprises three bedrooms and two bathrooms.Credit: Zillow

For the same price you can get a single family Home in Tollesboro, Kentucky.

It is located just off the AA freeway in downtown Tollesboro and would also have easy access to US 68.

Distributed over two floors, the property comprises three bedrooms and two bathrooms.

It is also said that there is a walk-in closet.

Saint Johns, Arizona – $ 69,000

Arizona residents or those happy to relocate may want to take a look at this property


Arizona residents or those happy to relocate may want to take a look at this propertyCredit: Zillow
It comes with two bedrooms and two bathrooms - perfect for small families


It comes with two bedrooms and two bathrooms – perfect for small familiesCredit: Zillow

For $ 69,000, you can get a arizona home which comes with a huge back yard.

The property has two bedrooms and two bathrooms – perfect for small families.

It does, however, need a little love and updating to make it the perfect starting home.

The property is listed as a foreclosure on Zillow which means it has been repossessed and put up for sale.

Wilmington, Vermont – $ 89,000

This solar cabin will give you peace and quiet in Vermont


This solar cabin will give you peace and quiet in VermontCredit: Zillow
The property has an open layout and a mezzanine with window


The property has an open layout and a mezzanine with windowCredit: Zillow

If you really want to get away from the hustle and bustle, you can buy your own $ 89,000 cabin near the Green Mountain National Forest in Vermont.

The property has an open layout with a log burner to keep things cozy.

Integrated stairs lead to a mezzanine with window. Outside there is a spacious wraparound deck.

Better yet, a solar generator and solar panels provide lighting for the house.

Welches, Oregon – $ 99,500

This mobile home includes a laundry room, a dressing room, three bedrooms and two bathrooms


This mobile home includes a laundry room, a dressing room, three bedrooms and two bathroomsCredit: Zillow
It is located a short walk from Dollar General, Subway and Zig Zag Inn


It is located a short walk from Dollar General, Subway and Zig Zag InnCredit: Zillow

Finally, you can become the owner of a mobile home for $ 99,500 in Oregon.

It includes a laundry room, a dressing room, three bedrooms and two bathrooms.

It is also said to be located a short walk from Dollar General, Subway, and Zig Zag Inn.

You might also be happy to hear that the existing washer and dryer are included in the sale.

We also rounded up six family size homes under $ 50,000 where first-time buyers only need a down payment of $ 1,750.

Earlier this year, a super saver revealed how she bought her first home at age 23 with low income and an average credit score.

Super scrimper Gemma Bird reveals how she paid off her mortgage and gives advice to first-time buyers

We pay for your stories!

Do you have a story for the US Sun team?

Source link

First Interstate to buy Great Western Bank for $ 2 billion, all-stock deal

Dive brief:

  • Billings, MT-based First Interstate Bank acquires Sioux Falls, South Dakota-based Great Western Bancorp in $ 2 billion deal expected to close in first quarter of 2022, announced the banks in a press release Thursday.
  • Adding Great Western’s 174 locations would more than double First Interstate’s number of branches to 321, according to American banker. The deal would also expand First Interstate’s footprint to 14 states, eight of which are new.
  • Global Investor Rights Law Firm Halper Sadeh launched an investigation Thursday to see if the deal is fair to Great Western shareholders.

Dive overview:

Thursday’s deal marks First Interstate’s first acquisition since the start of the COVID-19 pandemic. The typically serial acquirer had completed seven bank transactions between 2014 and 2019, American Banker reported. But the Great Western transaction would be the most important.

In his statement Thursday, First Interstate CEO Kevin Riley called the acquisition a “moment of transformation.” Indeed, the combined bank – which would be headquartered in Billings and go by the name First Interstate – would have more than $ 32 billion in assets, $ 18.4 billion in loans and $ 27.1 billion in deposits, making First Interstate roughly the 63rd largest bank in the United States. , aaccording to June Federal Reserve data.

“We are both proud to be community banks with a strong focus on relationship building, customer service and community outreach,” said Riley, who would become the general manager of the combined entity. “We look forward to expanding our community banking model to eight new states and look forward to building relationships with the employees and customers who inhabit these beautiful regions. “

Great Western CEO Mark Borrecco is expected to become the combined entity’s banking director. Five Great Western directors will become members of the First Interstate board of directors following the agreement.

“We will be able to provide clients with access to additional branches and new products and services, provide new growth and professional development opportunities for our employees, deliver additional returns to our shareholders and have an even greater impact on our communities, ”Borrecco mentioned.

Under the deal, Great Western shareholders will receive 0.8425 First Interstate shares for each Great Western share they own, a 24.7% premium over Wednesday’s closing price, according to MarketWatch.

Halper Sadeh, however, has launched an investigation into whether Great Western and its board of directors have violated securities laws or their fiduciary duties to shareholders. The law firm questioned whether First Interstate was underpaying for Great Western and whether all important information had been disclosed before the acquisition was announced..

Source link

Guest Opinion: Congress must invest in natural infrastructure | Chroniclers

The bills include funds to clean up orphaned oil and gas wells and abandoned mines. Every fisherman knows the transformation that can happen in our rivers when you clear abandoned mines: think Clark Fork and the Blackfoot.

Less obvious but equally important, unplugged oil and gas wells in Montana – and across the country – release thousands of metric tons of greenhouse gases each year as toxins seep into groundwater and aquifers.

Key to eastern Montana, the infrastructure bill also has funding that can help repair the coal seams, which were the source of our state’s biggest fires this summer. All of these clean-up and restoration projects will create millions of jobs across the country to help fuel our country’s economic recovery.

Congress also plans to invest in new technology in places where fossil fuel workers have been hit hardest as the country shifts to a clean energy economy. At the same time, the law brings long-awaited reforms to the national oil and gas leasing system by requiring oil and gas companies to pay their fair share for the use of our public lands. The revenues generated by these reforms will be used to finance many of these investments in natural infrastructure.

We are pleased to see Congress taking such a responsible approach to investing in the lands and waters that support the wildlife we ​​care about.

Source link

Supply Chips, Test Woes to Further Reduce Light Vehicle Production in 2021 – IHS Markit, Auto News, ET Auto

Automakers from General Motors to Toyota in Japan have cut production and sales forecasts due to scarcity of chip supplies.

Semiconductor shortages and the delay in packaging and testing of chips will cause global production of light vehicles to drop by five million this year, data firm IHS Markit said on Thursday, marking the largest drop in its outlook in nine months.

Citing supply chain challenges, IHS said it was reducing its light-duty vehicle production forecast by 6.2 percent for 2021 and 9.3 percent for 2022, to 75.8 million. units and 82.6 million units, respectively.

Packaging and testing operations in the semiconductor industry in Malaysia were affected due to government lockdown measures in early June, IHS said, exacerbating difficulties for an already limited supply chain.

“Our interpretation of the situation in Malaysia, which is responsible for 13% of the global supply of semiconductors for the automotive industry, has become more pessimistic,” IHS said.

“The two-and-a-half-month backlog that has accumulated since June will take time to resolve and is expected to continue until 2022.”

Automakers from General Motors to Japanese Toyota have slashed production and sales forecasts due to scarcity of chip supplies, compounded by a resurgence of COVID-19 in major Asian semiconductor production centers.

IHS said the semiconductor issue caused a production loss of 1.44 million units in the first quarter and an additional 2.6 million units in the second quarter.

Currently, losses for the quarter stand at 3.1 million units and increase, nearly double its previous forecast.

“The outlook for the fourth quarter now reflects increased risk as supply chain challenges – primarily semiconductors – remain entrenched.”

Read also:

Liuzhou-based SGMW, GM’s company with its partners SAIC Motor Corp and Guangxi Automobile Group, told an industry conference that it has been developing its own automotive computer chips since 2018.

Experts expect the shortage to continue until 2023, disrupting economic recovery in several countries.

Source link