Latest news with #Governments
Bloomberg
19 hours ago
- Business
- Bloomberg
Legal Risks Seen Accelerating Nations' Climate Adaptation Plans
By and David Stringer Save Countries that fall short in efforts to limit global warming to 1.5°C face growing legal risks that could push them to accelerate climate adaptation efforts. The threat of lawsuits now looms over companies and governments that don't take aggressive climate action, following an advisory opinion from the International International Court of Justice, said Winston Chow, a professor of urban climate at Singapore Management University.
Scoop
18-07-2025
- Automotive
- Scoop
Port Nelson Commissions New Zealand's First Electric Mobile Harbour Crane At Celebratory Event
Press Release – Port Nelson Ltd The $17 million project was supported by $875,000 from the Governments Low Emission Transport Fund, administered by EECA. Port Nelson marked a major milestone in its sustainability and infrastructure journey today with a special event to commission New Zealand's first electric dual-drive mobile harbour crane. The event was attended by Nelson Mayor Nick Smith, Rachel Boyack MP for Nelson, EECA (Energy Efficiency and Conservation Authority) representative Ben Pitt, and iwi representatives, alongside port stakeholders and staff. In a symbolic moment, Mayor Nick Smith officially powered on the new Liebherr LHM600E crane, triggering its first official lift. Port Nelson CEO Matt McDonald says the event is more than just a celebration of a new machine, it's a powerful statement about Port Nelson's direction. 'The project demonstrates our commitment to innovation and leading by example in the transition to low-emission technologies. This crane is an investment in the future of our people, infrastructure, and region, reflecting Port Nelson's ambition to build a more resilient port for generations to come.' The $17 million project was supported by $875,000 from the Government's Low Emission Transport Fund, administered by EECA. 'This project also delivered local economic benefits, with around $2 million invested in the Nelson region through labour, materials, and infrastructure upgrades,' Matt adds. The project is part of a broader electrification strategy, which includes retrofitting an existing diesel crane. The crane is capable of switching between electric and diesel modes, but is expected to operate on electric power up to 85% of the time, significantly reducing carbon emissions. Cranes currently account for around 22% of the Port's Scope 1 emissions. Nelson Mayor Nick Smith says Port Nelson's new electric harbour crane is good for the city's economy and environment. 'Our export-based economy is very dependent on having an efficient port. Nelson leads in sustainability – we have the first full electric bus service, we have one of the highest uptakes of electric cars including my own, which was New Zealand's first. It's good that we are now leading with our port commissioning the first mobile electric crane and converting one of its older diesel cranes to electric.' The crane is just one of several strategic investments Port Nelson has made in the last 18 months. Alongside the electrification programme, the Port opened Honomai, Marlborough's first Inland Port, introduced a new pilot vessel and launched a significant slipway redevelopment project, further enhancing safety, operational resilience, and local economic benefit.
Bloomberg
18-07-2025
- Business
- Bloomberg
Funding, Carbon Credits Pouring in Africa Via Clean-Cooking Plan
Hundreds of millions of dollars poured into Africa over the past year, with more expected, as part of an effort to end harmful cooking methods on the continent, according to the International Energy Agency. Governments and the private sector have so far disbursed $470 million of the $2.2 billion pledged at an IEA event last year, exceeding the annualized disbursements needed to fulfill the commitments by 2030.
South China Morning Post
17-07-2025
- Business
- South China Morning Post
In a world swept up in AI hype, Hong Kong can be the voice of reason
In a striking admission, OpenAI CEO Sam Altman has warned users not to 'trust that much' in ChatGPT . It highlights a chilling disconnect: if the chief architect of one of the world's most celebrated artificial intelligence (AI) systems is warning against his creation, why are governments rushing to embed similar technologies into critical operations? The contradiction reflects a deeper tension where innovation outpaces understanding and regulation. The dynamic played out in the recent US debate over the 'big beautiful bill' , which proposed freezing state-level AI regulations for a decade. Though abandoned, the proposal highlights the bind governments face: is the hype surrounding AI worth the risks it poses? This high-stakes balancing act is now on full display across Asia, potentially shaping its future economically, politically and socially. Southeast Asia has proven fertile ground for AI uptake, supported by a young, digitally savvy population and vibrant start-up ecosystems. In just two years, the region's digital economy has grown by 2.5 times, reaching an estimated US$11 billion in profit last year. Yet every tale of progress is overshadowed by a new story of harm. Deepfake technology makes it harder to know what's real – casting doubt on news, videos, even identities. Meanwhile, sophisticated AI-driven surveillance raises fresh concerns about data privacy breaches.
Business Standard
16-07-2025
- Business
- Business Standard
DB Corp slides as Q1 PAT tanks 53% YoY to Rs 81 crore
DB Corp (DBCL) tanked 2.06% to Rs 206.80 after the company reported 52.96% fall in consolidated net profit to Rs 80.84 crore on a 5.15% decline in total revenue to Rs 559.45 crore in Q1 FY26 over Q1 FY25. Profit before tax was Rs 107.61 crore in the first quarter of FY26, down 31.61% year on year. Advertising Revenue stands at Rs 397.80 crore in Q1 FY26 as against Rs 427.70 crore in Q1 FY25, down 6.99%. Circulation revenue stands rose 0.92% year on year to Rs 120.30 crore in Q1 FY26. EBIDTA tanked 27.50% to Rs 138.40 crore in Q1 FY26 as against Rs 190.90 crore posted in Q1 FY25. In the Radio business, Advertising revenue increased by 1.03% YoY to Rs 39.20 crore posted in Q1 FY26 as against Rs 38.80 crore in Q1 FY25. EBIDTA tumbled 12.87% YoY to Rs 11.50 crore in Q1 FY26 as against Rs 13.20 crore in Q1 FY25. Sudhir Agarwal, Managing Director, DB Corp, said, Despite a high base effect from last years general elections, which had driven a temporary surge in advertising revenues, our core performance remained steady supported by stable advertising trends, soft newsprint prices, and disciplined cost structures. Our digital business continues to scale rapidly, with Monthly Active Users reaching the 22 million mark this quarter reinforcing our position as Indias leading Indian language news app platform. We believe the Governments continued focus on enhancing disposable incomes through income tax rationalisation, softening of interest rates, and the anticipated implementation of the 8th Pay Commission later this fiscal, will further stimulate economic activity, particularly across Tier II and beyond markets. This is expected to provide a strong tailwind to Bharats consumption story. Backed by our deep editorial strength, hyperlocal relevance, and continuous product innovation, we remain confident in our ability to drive sustainable growth across both print and digital platforms, while delivering long-term value to all stakeholders. Meanwhile, the companys board of directors has declared an interim dividend of Rs 5 per equity share of face value Rs 10 each. D.B. Corp is engaged in the business of publishing newspapers, radio broadcasting, providing integrated internet and mobile interactive services and event management. Its major brands include Dainik Bhaskar (Hindi daily), Divya Bhaskar and Saurashtra Samachar (Gujarat daily) and Divya Marathi (Marathi daily).
