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The contract involves supplying 19 LNG cargoes, or up to approximately zero.5 million tonnes of LNG each year over a interval of three years plus one quarter. The supply will come from Santos’ world portfolio of world-class LNG belongings on a delivered ex-ship foundation. Santos Managing Director and Chief Executive Officer Kevin Gallagher noted that the contract with Glencore extends their current sturdy business relationship and presents a useful opportunity for each corporations to leverage their experience in Asian LNG markets. “This oil-indexed contract, together with a long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan, highlights Santos’ robust LNG portfolio position and customer relationships in the area. There continues to be sturdy demand in Asia for high heating value LNG from projects similar to Barossa and PNG LNG. Santos is dedicated to supporting the power security of our valued customers throughout Asia,” Mr Gallagher mentioned. The Bank of Papua New Guinea officially launched the Kina and Toea Exhibition, a display celebrating the nation’s rich economic historical past and the 50th anniversary of Papua New Guinea’s currency.

Business News

September 11, 2024 • Consumer prices in August were up 2.5% from a 12 months ago — the smallest annual enhance since February 2021. Falling inflation clears the way for the Federal Reserve to begin slicing interest rates next week — doubtless by a quarter share point. U.S. client prices elevated modestly in August, continuing a pattern of slowing inflation that has introduced the annual price to its lowest level since February 2021. According to the latest knowledge from the Bureau of Labor Statistics, the Consumer Price Index rose by 0.2% for the month, according to expectations, and the annual inflation rate eased to 2.5%, down from 2.9% in July.

Taylor Swift fans are really indignant with Elon Musk after he slammed Swift for her endorsement of Vice President Kamala Harris. Sign up for The Daily Alert – Stay on prime of our newest content with hyperlinks to all the digital articles, videos, and podcasts revealed in the past 24 hours. Use your resume as a roadmap to clarify your values and decision-making to future employers.

Openai Plans To Launch ‘strawberry’ For Chatgpt In Two Weeks: Report

The company said it was introducing a cost for customers with a “regularly high return fee”. Unite and the GMB say fossil fuels shouldn’t be abandoned till employees know the way their jobs shall be protected. Five years after being ousted from WeWork, Adam Neumann needs to re-buy the now-bankrupt business. A former deputy Minister of Finance, Kwaku Kwarteng is saying for years Ghana’s economy has been ran like a Ponzi scheme.

Imd Points Orange Alert For Rain In Delhi, Several Parts Of North India To Witnesses Heavy Rain In Subsequent Three Days

Reps ask NPA to reverse termination of settlement with IntelsThe House of Representatives yesterday waded into the continuing controversy… FCMB Bank Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank Limited, an independently integrated subsidiary of First… FCMB Bank Limited Launches Personal and Business Banking Proposition to Deepen InclusivenessFCMB Bank Limited, an independently included Business News subsidiary of First City Monument… The House of Representatives yesterday waded into the continued controversy between the Nigeria Ports Authority … To drive the enforcement of the obligatory insurance of public buildings throughout the nation, The National…

Privatisation has lengthy been touted as a catalyst for economic growth, and for good reason. “I saw the Harris-Trump debate, and you know I don’t fairly agree with the evaluation by one main US news… There are intense discussions in the energy trade about excess capability, growing electricity prices, and… After registering back-to-back positive aspects, gold prices in Pakistan declined on Thursday according to a decrease within the…

A portal of every day newspapers masking Philippine news headlines, business, lifestyle, commercial, sports activities and leisure. Prime Bank PLC just lately signed an agreement with tech company Dotlines, aimed toward enhancing banking services for the latter’s workers. Bangladesh Financial Intelligence Unit right now requested banks to offer details of accounts of former state minister for foreign affairs Md Shahriar Alam, his spouse and son. Sustainability has turn into a mainstream problem for businesses across the globe, so Bangladesh should also invest in researching and growing revolutionary expertise to help native corporations embrace it in their core methods, in accordance with analysts. Zara owner Inditex, the world’s largest trend retailer, posted a document net profit for the primary half of the 12 months on Wednesday, regardless of slower gross sales growth.

Dozens of jobs are anticipated to be misplaced at Esperance Port in Western Australia’s south after a collection of blows to the state’s mining sector. Brisbane’s international airport is getting a facelift as part of a $5 billion plan to upgrade the area over the subsequent decade. Indonesia’s public rail operator will blacklist perpetrators of sexual violence after a spate of reported attacks on trains. Irish data watchdog launches inquiry into Google AI mannequin Science and Technology The Irish Data Protection Commission has opened an inquiry into whether Google complied with EU privacy laws within the development of one of its synthetic intelligence fashions. The company stated it first aims to comprehend driverless operations for the Joetsu Shinkansen line between Niigata and Tokyo stations. Candidates differ in how they intend to sort out labor market issues, particularly on whether or not to provide companies extra flexibility within the dismissing of workers.