Latest news with #Soltani
India.com
4 days ago
- Business
- India.com
US, China's monopoly under threat as Algeria discovers mega reserves of..., worth....
US, China's monopoly under threat as Algeria discovers mega reserves of…, worth …. The southern region of the North African country Algeria is famous for its massive desert and harsh landscapes. But recently, the country has attracted global attention for its hidden treasure. This natural treasure is hidden under the earth's surface. The government-run mining group Sonarem recently announced that the recently discovered gold and marble reserves could change Algeria's economic future. Notably, the discovery of the natural resources is far more than its worth, and they showcased how the North African country sees its natural resources and its relationship with foreign investments. Massive Goldrese Reserves in Tamanrasset The gold mines Tirak and Amesmessa are located in the southern Tamanrasset province of the country and in news because of the latest discoveries. As per Algeria360, CEO of Sonarem Belkacem Soltani confirmed the news that Tirak and Amesmessa mines have over 60 tons of pure gold. Algeria's substantial gold reserves could significantly increase its global gold production. Algeria's gold mining sector has significantly expanded over the past three years, yielding almost 60,000 tons of ore and 400 kilograms of refined gold. This growth signifies a new era for the industry, characterised by Soltani's planned approach to scientific and methodical management. Marble Reserves Algeria's marble reserves, estimated at 140 million cubic meters, offer a potential solution to the country's reliance on imported marble. This significant resource could replace the $290 million spent on marble imports over the last three years, thereby transforming the domestic industry. Sonarem's operation of over 15 active quarries is leveraging Algeria's substantial marble reserves (estimated at 40 million cubic meters). This increased domestic production aims to lessen Algeria's dependence on imported marble and establish the country as a significant competitor in the international marble market. Could Bring Change In Landscape For Foreign Investment These discoveries come at a time when the country is changing its mining laws to attasct foreign investments. In past years, the mining sector has been affected by 49/51 rule. As per the rule it required local investors to have the majority stake in the mining project. The rule aims to protect national sovereignty over natural resources, but often criticised for stifling foreign investment. Algeria's government is proposing legislation to remove restrictions on foreign investment in its mining sector. Passage of this law would likely increase international participation in the country's gold and marble industries. The country's upcoming revisions to its mining policies will determine whether sufficient investment is secured to fully exploit its substantial mineral resources.
Time of India
27-05-2025
- Automotive
- Time of India
'4 month-long' ..., the reason that made a man in Texas return his Tesla Cybertruck same day
A Texas man returned his newly purchased Tesla Cybertruck on the same day he picked it up. According to a Techoreon report, the user returned his Tesla after discovering the vehicle had been sitting in storage for four months. Tired of too many ads? go ad free now Reza Soltani, who ordered the electric truck on April 25, was shocked to receive a Vehicle Identification Number (VIN) and a pickup notification within hours of placing the order. Curious about the speedy delivery, Soltani asked Tesla for more details and was told the vehicle had left the factory on January 8. Concerned about the potential effects of long-term storage on an electric vehicle, especially the battery and body condition, he decided to reject the unit and return it immediately, the report states. Unsold Tesla inventory piles up Tesla's practice of stockpiling unsold Cybertrucks has been widely documented. Images posted online have shown hundreds of vehicles parked in outdoor lots, raising concerns about deterioration due to prolonged exposure to the elements. According to reports, while some of them await delivery, many reportedly lack buyers. Analysts suggest the company has built significantly more Cybertrucks than it has sold, forcing it to cut prices and look to new markets like Saudi Arabia in an effort to offload excess stock. A DailyMail report quotes internal sources who say that the production target for several Cybertruck lines have been cut, and manufacturing teams have been reduced by half. To attract customers, Tesla is allegedly offering free lifetime charging for its $95,000 Foundation Series Cybertruck. Weather exposure raises quality concerns Experts warn that electric vehicles (EVs) are especially vulnerable to environmental damage. Exposure to sun, rain, and temperature swings can degrade batteries, reduce charge capacity, cause moisture buildup, and even lead to rust, according to The Cool Down. Tired of too many ads? go ad free now Tesla's Cybertruck, already under scrutiny for high repair costs and multiple recalls, may suffer even more if stored outdoors for extended periods, the DailMail report adds. Soltani's reaction highlights growing buyer skepticism around Tesla's inventory management, particularly with the Cybertruck, which has faced production delays, quality issues, and high repair costs.
Yahoo
26-05-2025
- Automotive
- Yahoo
Tesla customers shocked after uncovering truth about 'new' vehicles they purchased — and it's part of a discouraging trend
Tesla customers have serious concerns about receiving vehicles that have deteriorated from months of outdoor storage, as one Texas buyer discovered when they learned their "new" Cybertruck had been sitting in a lot since January. As Techoreon reported, Reza Soltani ordered the truck April 25 and received an immediate notification that his vehicle was ready for pickup. When he questioned the quick turnaround, a Tesla representative revealed the truck had left the factory Jan. 8 — meaning it was exposed to the elements for four-plus months. Soltani decided not to keep the vehicle. According to Techoreon, photographers have documented thousands of unsold Cybertrucks piled up outside production facilities. Some vehicles await delivery, while others lack buyers. The situation reflects a fundamental mismatch between production and demand. Tesla has manufactured far more Cybertrucks than customers want to purchase, leading the company to drastically lower prices and expand into markets such as Saudi Arabia to stabilize sales. Fortune reports that Tesla has reduced Cybertruck production and cut production teams by up to half. Buyers who receive vehicles that were stored outdoors for months face potential quality and reliability issues. Electric vehicles suffer particular risks during extended storage, including battery degradation from temperature fluctuations, reduced charge capacity, moisture damage from inadequate ventilation, and possible rust formation. The Cybertruck already struggles with rapid depreciation due to sky-high repair costs, numerous recalls, and manufacturing problems. Many customers want fresh-from-the-factory vehicles, not units that have weathered months of outdoor exposure. This inventory buildup could also slow the broader transition to electric vehicles if quality concerns discourage potential EV buyers. Past Tesla challenges have raised similar customer concerns, from delivery delays to quality control issues that have also impacted sales numbers. This latest inventory crisis adds another layer of uncertainty for potential buyers weighing their options. Prospective Tesla buyers should ask specific questions about vehicle production dates and storage histories before finalizing purchases. Those concerned about getting older inventory can request documentation showing when their vehicle left the factory. What's more, installing solar panels dramatically increases the cost savings associated with EV ownership — because fueling with solar energy costs less than using public charging stations or relying on the grid. EnergySage provides a free service that makes it easy to compare quotes from vetted local installers and save up to $10,000 on a solar installation. Would you ever consider buying a Tesla Cybertruck? Absolutely Never in a million years Maybe if it was way cheaper I already have one Click your choice to see results and speak your mind. Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Boston Globe
16-05-2025
- Politics
- Boston Globe
‘Troubling and ironic': Candidate who urged N.H. officials to uphold election integrity fined for voting illegally
Berlin said he lived with his parents in Durham, but actually lived at his own multi-unit property in Madbury, according to cease-and-desist letters the New Hampshire Department of Justice sent to him in February and March. Advertisement The letters, which the DOJ released to The Boston Globe this week in response to a public records request, slapped Berlin with a $750 fine for wrongful voting and told him to quit casting ballots in a town where he doesn't reside. Get N.H. Morning Report A weekday newsletter delivering the N.H. news you need to know right to your inbox. Enter Email Sign Up The DOJ also told Berlin, a Republican, to stop running for offices he isn't eligible to hold. His name had appeared on the ballot as a candidate for the New Hampshire House to represent Strafford County District 10, which includes Durham, but not Madbury, and state lawmakers must reside in the districts they represent. Berlin, however, is disputing the DOJ's conclusion about his primary residence. He filed an appeal this week in Merrimack County Superior Court, as Advertisement Berlin's attorney, Tony F. Soltani, said the DOJ relied on hearsay and ignored evidence that his legal domicile is in Durham, not Madbury. With his domicile in dispute, Berlin cannot confidently vote in either town without fear of further scrutiny and potential legal action, Soltani said. 'That chills the ability to vote anywhere, not just for Mr. Berlin but for every voter in the state,' he said. Several other Granite Staters have been fined for trying to cast ballots in the 2024 general election in municipalities where they no longer reside, according to DOJ records. Soltani said Berlin's case isn't the first time the DOJ has issued a fine for wrongful voting based on flimsy evidence, but most people just pay up and walk away. 'I'm hoping that this will be the kind of case that puts the government on notice that this fundamental right is not going to be trampled or chilled willy-nilly,' he said. 'There are some people that are going to fight back.' Meanwhile, local leaders welcomed news that the DOJ had issued a fine. Durham Town Administrator Todd I. Selig said some residents had voiced doubts about Berlin's residency, so town officials consulted with the state and then advised people they could file complaints with the DOJ or the New Hampshire Secretary of State's Office. 'In this case, the process worked as intended,' Selig said. 'Concerns were investigated by the appropriate state authorities, a determination was made, and legal consequences were imposed.' While acknowledging that Berlin has appealed the DOJ's fine, Selig said it's 'deeply troubling and ironic' that someone who advocated for strict adherence to election laws has himself been found in violation. Advertisement 'Wrongful voting undermines public trust in the electoral process and is a serious offense for any person to commit,' he said. According to the cease-and-desist letters, the DOJ received a complaint from Berlin's brother alleging he didn't actually live with his parents. Investigators then spoke with a tenant who said Berlin lives at the Madbury property, and they reviewed other records that indicate he receives property tax bills via mail at the Madbury address and uses electricity in a manner that suggests he lives there, according to the letters. Soltani said, however, that his client lists the Durham property on a variety of official documents, receives mail at that address, and sleeps there, though he may sometimes stay overnight elsewhere, including at the Madbury property. Prior to the election, Berlin worked with several other Republicans, including former Boston police officer Joseph Abasciano, who Abasciano was Abasciano had described former vice president Mike Pence as 'treasonous,' but an internal investigation found he Advertisement Abasciano has continued spreading allegations of electoral malfeasance. He sent an email in October 2024 to an elections attorney for the New Hampshire Secretary of State's Office, claiming the office had failed to adequately investigate concerns in Durham, so he and Berlin 'officially launched their own investigation.' Abasciano's letter, which was co-signed by Berlin and five local GOP officials, argued he had established 'reasonable suspicion' sufficient to justify granting him access to Durham voter records. 'Any further delay to this request will be considered obstruction and interfering in an official investigation,' he wrote. Durham officials said they released to Berlin a copy of the town's regular voter checklist, but didn't release records with details that are deemed private under state law. Durham, which is home to the University of New Hampshire's flagship campus, is a Democratic stronghold where many UNH students use same-day voter registration to sign up and cast a ballot on Election Day — a situation that has inspired various Republican-backed efforts to tighten voter eligibility requirements in ways that impact college students. Soltani acknowledged that Berlin had emphasized the importance of complying with election laws. His goal was to ensure all Durham voters would receive the same treatment, Soltani said. 'And he didn't get that here,' he added. In the past six months, several other voters have been fined for either voting illegally in the 2024 general election or making false material statements while attempting to do so, according to records from the New Hampshire DOJ. The bulk of these cases involved otherwise-eligible Granite Staters who sought to cast ballots in municipalities where they no longer reside. Advertisement But in one case, a voter was fined for maintaining an out-of-state domicile rather than establishing residency in New Hampshire. Adam M. Finkel was fined $1,500 for wrongfully voting in Dalton, N.H., in both the state primary and general elections in 2024, according to a cease-and-desist letter the DOJ sent to him in late April. Investigators concluded that, although Finkel has a home in Dalton and has voted continuously in Dalton since 2019, his home in Pennington, N.J., is actually his primary residence. Finkel — a vocal opponent of a proposed landfill near Dalton's Forest Lake — filed income taxes as a New Jersey resident and presented a New Jersey driver's license when checking in to vote in Dalton during the 2024 state primary, according to the DOJ's letter. But Finkel, a Democrat, disputes the DOJ's conclusion. He said he's open to paying a fine for his failure to update his driver's license, but he doesn't think a fine for wrongful voting is warranted, especially since the DOJ website has a Finkel said he has treated the Dalton house as his domicile for several years and hasn't voted in New Jersey since he began voting in New Hampshire. In an email, he told DOJ officials he was 'disappointed' by 'various errors of fact' in their letter and intends to appeal. Advertisement 'I look forward to my day in court,' he wrote, 'on behalf of myself and anyone else that DOJ is victimizing in this manner.' Steven Porter can be reached at
Yahoo
18-04-2025
- Business
- Yahoo
Schneider Electric debuts data center consulting service
This story was originally published on Facilities Dive. To receive daily news and insights, subscribe to our free daily Facilities Dive newsletter. Schneider Electric is rolling out a consulting service for data center operators looking to boost efficiency and maximize uptime, the company said Tuesday. Schneider says its EcoConsult for Data Centers draws on a global network of more than 250 consultants and more than 6,500 service representatives to assess customers' data center infrastructure, including power and cooling systems, and develop asset modernization plans that increase reliability while reducing costs. 'In today's fast-paced digital environment, maintaining peak uptime while minimizing costs and extending the life of critical infrastructure is paramount,' Schneider Electric Senior Vice President for Services Jerome Soltani said in a statement. About 36% of U.S. data centers are older than 10 years and lack a 'facility-wide proactive asset management strategy,' Schneider said. Schneider intends for EcoConsult for Data Centers to support those aging facilities with a medium- to long-term roadmap for increased uptime; longer IT and server infrastructure lifespans; achievable sustainability initiatives; and lower total cost of ownership, the company said. EcoConsult is future-ready, addressing both current demands and those created by future growth and technology adoption, it added. 'Bringing this new level of expertise and innovation to market represents a significant step forward in our commitment to data center managers,' Soltani said. To assess client data centers' performance and risk, Schneider consultants conduct comprehensive site visits, checking the physical condition and operational status of power distribution systems, cooling infrastructure, cybersecurity posture and IT and server assets. Then, they develop digital maps of power and cooling systems to uncover critical issues and analyze power usage effectiveness and cooling system efficiency,identifying potential energy savings, according to a Schneider video overview. The initial consultation concludes with a 'detailed, site-specific report with insights and guidance for modernizing and maintaining your data center,' with asset models and specific recommendations ranked by criticality, Schneider says. Those recommendations may include options for right-sizing equipment, managing spare parts inventories, software and firmware upgrades, environmental sensor and energy metering deployments. In December, Schneider introduced a new data center reference design co-developed with AI chip giant NVIDIA, and released a a new uninterruptible power supply solution, Galaxy VXL. The reference design addresses 'urgent energy and sustainability challenges driven by high demand for AI systems,' while the new UPS occupies 52% less space than industry-average solutions, Schneider said at the time. Surging data center investment has boosted Schneider's energy management business in recent quarters, according to company financial reports. The company saw stronger-than-expected revenue and earnings in 2024 as its customers expanded their data center and IT services footprints, Schneider said in February, noting its data centers and networks business could see 10% annual growth through 2027. Schneider is not the only major building systems and energy management firm leaning into the data center boom. Last year, Wisconsin-based Johnson Controls launched Global Data Center Solutions, a new entity charged with providing 'integrated solutions' for cooling, security and other building systems to IT facilities around the world. Recommended Reading Schneider Electric data center innovations shed light on AI strategy Sign in to access your portfolio
