Latest news with #ISA
Yahoo
5 hours ago
- Business
- Yahoo
TMC the metals company (TMC) Sheds 11.3% on Investor Caution Over Deep-Sea Mining
We recently published . TMC the metals company Inc. (NASDAQ:TMC) is one of the worst-performing stocks on Tuesday. TMC fell for a third day on Tuesday, losing 11.28 percent to end at $6.61 apiece, as investors turned even more cautious about its deep-sea mining intentions in the international waters. At the International Seabed Authority (ISA) assembly in Jamaica last week, Palau President Surangel Whipps Jr. criticized TMC the metals company Inc. (NASDAQ:TMC) for lobbying mining in the international waters, saying that it has promised riches to small island developing states like mine and huge returns to investors, but which have 'proven false.' It can be learned that TMC the metals company Inc. (NASDAQ:TMC), through its US subsidiary, filed its intention to engage in deep-sea mining beyond US waters immediately after President Donald Trump issued an order to ramp up deep-sea mining. Photo by Francisco Fernandes on Unsplash Being originally a Canadian company, and with Canada being a member of the ISA, member nations claimed that TMC the metals company Inc.'s (NASDAQ:TMC) was bypassing the ISA, not to mention its dual approach, given its retention of ISA-issued licenses. In its defense, TMC the metals company Inc. (NASDAQ:TMC) issued a statement earlier this year saying that the ISA 'does not have an exclusive mandate to regulate seabed mining activities in the Area, and there are existing claims outside of UNCLOS.' 'UNCLOS membership is not universal…The freedom to mine the deep seabed, like the freedom of navigation, is a high seas freedom enjoyed by all nations,' it noted. While we acknowledge the potential of TMC as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the .
Time of India
7 hours ago
- Business
- Time of India
Advanced version of Kavach ready for commissioning on 324 km of Mathura-Kota section: Vaishnaw
The advanced version of Kavach 4.0 on 324 km of the Mathura-Kota section has been approved by an independent safety assessor and is ready for commissioning, the government informed Parliament on Wednesday. Asked to give an update in the Lok Sabha on the installation status of Kavach in the Indian Railways by June 30, Railway Minister Ashwini Vaishnaw reiterated his earlier statements, saying the automatic train-protection system is provided progressively in a phased manner and it has already been deployed on 1,548 route km in the South Central Railway and North Central Railway. Explore courses from Top Institutes in Please select course: Select a Course Category Artificial Intelligence Finance Project Management others Others Technology PGDM Design Thinking Data Science Leadership healthcare MBA Public Policy CXO Data Science Data Analytics Healthcare Degree MCA Digital Marketing Cybersecurity Product Management Operations Management Management Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details "Presently, work is in progress on Delhi-Mumbai and Delhi-Howrah corridors (approximately 3,000 RKm). Track side works on these routes have been completed on about 2,200 RKm as on 30.06.2025," Vaishnaw said in a written reply. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Crack NSAT and Win Scholarships | Register Now Narayana Group Sign Up Undo "After extensive and elaborate trials in 324 kms of Mathura-Kota section for advance version of Kavach 4.0, the section is approved by Independent Safety Assessor (ISA) and the section is ready for commissioning. This is also the first section to be approved by ISA for Kavach version 4.0," he added. Providing the details of the installation of various components of Kavach, the minister said the laying of optical fibre cable has been done up to 5,856 km, 619 telecom towers have been installed, 708 stations have got Kavach equipment, 1,107 locos have been fitted with the Kavach system and the installation of track-side equipment has been completed on 4,001 route km. Live Events Vaishnaw said the installation of Kavach has been sanctioned on railway routes, such as Mumbai-Pune, Mumbai-Bhusawal including Mumbai Area, Igatpuri-Badnera-Nagpur-Narkher, Balharshah, Lonavla-Pune-Daund-Baramati, Ankai-Pune-Miraj-Kolhapur, Kurdwadi-Latur, Purna-Akola, including branch lines in Maharashtra, totalling 3,856 route km. He also informed the House that similarly, 1,219 route km in Madhya Pradesh, including in the Narker-Jujharpur, Amla-Parasia-Chindwara, Wagoda-Khandwa, Dhaulpur-Agasod, Itarsi-Bina, Ratlam-Jawad and Nagda-Bhopa sections, have been sanctioned for Kavach installation. "The cost for provision of track side including station equipment of Kavach is approximately Rs 50 lakh/km and cost for provision of Kavach equipment on locomotives is approximately Rs 80 lakh/loco," the minister said. "The funds utilised on Kavach works so far up to June '25 is Rs 2,015 crore. The allocation of funds during the year 2025-26 is Rs 1,673.19 crore. Requisite funds are made available as per the progress of works," he added. Kavach aids the loco pilot in running rains within specified speed limits by automatic application of brakes, in case the loco pilot fails to do so, and also helps the trains run safely during inclement weather. PTI
RNZ News
16 hours ago
- Business
- RNZ News
Tonga weighs new deep sea mining deal with The Metals Company
The Metals Company is a key player in the deep sea mining industry. Photo: Facebook / The Metals Company Tonga is considering a new deep sea mining contract with Canadian mining group The Metals Company (TMC) - and a local NGO says the government should not sign it. The proposed contract comes at a time of increased uncertainty in the industry, with both the US and the International Seabed Authority (ISA) - the world's deep sea mining regulator - saying they offer a pathway to mine in international waters. The Metals Company has been a key player in that dynamic as it has sought to undertake mining activity under both jurisdictions. Civil Society Forum of Tonga's Drew Havea said the organisation had been invited by the Tonga government to consult on the proposed contract from TMC. Under international oceans law, Tonga has special rights in an area of the Pacific Ocean that has deep sea minerals. The country's existing contract with TMC covered mining activity for Tonga's block of that area, known as the Clarion Clipperton Zone (CCZ). That contract was signed in 2021 by then Prime Minister Pohiva Tu'ionetoa through the ISA framework. Havea, who had not yet seen the proposed TMC contract, expected it would provide a path for Tonga and TMC to mine through the US as well as the ISA. Just last month, the company announced it had signed a new contract with Nauru, another one of its Pacific partners. That agreement detailed potential payment amounts to Nauru should mining occur through the US pathway. Nauru, like Tonga, has special rights in the CCZ under international oceans law. Havea said Tonga should use the current climate as a way of getting out of deep sea mining entirely. His organisation has been a long-standing opponent to Tonga's involvement in the industry. "We are the sponsor country, and sponsor country will be responsible for any damages to the ocean," he said. "It's not the will be responsible. And I think from that perspective, we are quite concerned that we will be liable." Havea believed TMC was already committed to mining through the US pathway - an observation backed by a previous statement from the company that it would only be seeking to mine commercially through the US pathway. Havea said that pathway did not feature in the current Tonga-TMC contract and therefore it would have to be set it out in a new contract "I know TMC has made the application to be part of the US [pathway]. So, from Civil Society [members], we hope that the Tongan government [doesn't] do anything. "Because once [TMC is] into the US mining [pathway], that means they are out of the ISA, and the contract that we have signed has binded us into the ISA." International environmental lawyer Lori Osmundsen said the existing TMC-Tonga contract raised a range of legal concerns for Tonga. In 2023, Osmundsen was commissioned by the Civil Society Forum of Tonga to evaluate the country's legislative framework for ocean issues and ocean management. That comprehensive review covered the existing Tonga-TMC contract and the circumstances of its signing in 2021. To this day, the organisation had not received a clear answer on whether the contract had been approved by Cabinet before it was signed, as required by the country's laws. "Now, there's a new sponsorship agreement between Nauru TMC subsidiary, which is called NORI, and the government of Nauru…that was signed at the very end of May," Osmundsen said. "That is publicly available. And….if that's the recipe for a similar proposed new agreement between Tonga and TMC, it sort of continues on the problems, the legal risks and hazards of the current agreement, and then adds a whole new set." Osmundsen said the major risk for Tonga in signing a TMC contract like Nauru's was that it opened itself up to being involved in a commercial mining arrangement under the US pathway. That pathway would sit outside international laws, and any activity undertaken by Tonga through it would breach the UN Convention on the Law of the Sea, she said. The ISA has also announced it is investigating contractors that hold mining exploration permits under its jurisdiction to ensure they haven't breached the terms of their ISA contracts. That includes TMC and its partnerships with Tonga and Nauru. Notably, no commercial deep sea mining has occurred, and the ISA was still finalising a mining code. Osmundsen has urged Tonga to consider its next steps carefully. "The contract that resulted [in 2021] is quite disadvantageous for Tonga, and we don't need to repeat that," he said. "So greater scrutiny, greater awareness, availability to Tongan public stakeholders, all of governments to evaluate and weigh in on these incredibly important issues."
The Print
a day ago
- Politics
- The Print
Singapore warns of elevated terror threat amid rising extremist ideologies
The ISD in its report also highlighted the increasing role of online platforms in radicalisation, particularly among youths. According to ISD's Singapore Terrorism Threat Assessment Report 2025, 'a volatile global landscape arising from developments such as the ongoing Israeli-Palestinian conflict and continued traction of radical narratives' has intensified the proliferation of extremist ideologies, the Channel News Asia (CNA) reported on Tuesday. Singapore, Jul 29 (PTI) Singapore's Internal Security Department (ISD) has warned that the country's terror threat remains high, citing a growing diversity of extremist ideologies and the misuse of evolving technologies such as artificial intelligence to propagate radical narratives. Social media and messaging platforms such as WhatsApp, Telegram, X (formerly Twitter), Reddit, and Instagram, as well as gaming platforms like Discord and Roblox, and video-sharing platforms like YouTube and Bitchute, have been used to disseminate extremist materials, it said. From July 2024 to June 2025, eight self-radicalised Singaporeans — six males and two females aged between 15 and 56 — were dealt with under the Internal Security Act (ISA). Four of them were influenced by the re-escalation of the Israeli-Palestinian conflict in October 2023, two by pro-ISIS ideologies, and the remaining two by far-right extremist beliefs, the report said, adding that all of them encountered extremist content online. The agency also noted the uptick in the number of local self-radicalised youths, with half of the eight latest cases involving youths aged 20 or below. Singapore's trend mirrors a broader global trend, with several western countries reporting last year that one in five terror suspects are under 18, while European countries reported that nearly two-thirds of ISIS-related arrests involved teenagers, the report said. A total of 60 self-radicalised individuals — 48 Singaporeans and 12 foreigners — were dealt with under ISA since 2015, it said. The agency found that online platforms featured in terrorism-related activities in four broad areas: to enable the radicalisation or to accelerate it, to facilitate recruitment for terrorist-related activities; and to mobilise and prepare for armed violence. 'The emergence of technological innovations, such as AI, also risks complicating the terrorist threat globally and locally,' the ISD said. 'Even though there is no indication that evolving technologies, such as AI and 3D printing, have been used in any terrorist attack plot in Singapore, we are seeing an emerging trend of evolving technologies featuring in local youth self-radicalisation cases,' it said. The report cited two examples to buttress its point. A 17-year-old ISIS supporter, detained in September last year, used an AI chatbot to generate a bai'ah – an oath of allegiance – to ISIS, while another 17-year-old far-right extremist, detained in March, used an AI chatbot to find instructions for producing ammunition and considered 3D printing firearms to carry out attacks. 'There is a need for increased cooperation between the public and private sectors, especially with technology and social media companies, to create a safer online environment,' the ISD said. It noted that technology firms have stepped up their efforts, such as regulating and removing egregious content on social media platforms. 'However, technology companies could continue to explore further efforts in this area, including collaboration with religious and community organisations, to guide users in navigating the digital space and positively influence the online discourse,' it said. PTI GS SCY SCY This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.
News18
a day ago
- News18
Singapore warns of elevated terror threat amid rising extremist ideologies
Singapore, Jul 29 (PTI) Singapore's Internal Security Department (ISD) has warned that the country's terror threat remains high, citing a growing diversity of extremist ideologies and the misuse of evolving technologies such as artificial intelligence to propagate radical narratives. According to ISD's Singapore Terrorism Threat Assessment Report 2025, 'a volatile global landscape arising from developments such as the ongoing Israeli-Palestinian conflict and continued traction of radical narratives" has intensified the proliferation of extremist ideologies, the Channel News Asia (CNA) reported on Tuesday. The ISD in its report also highlighted the increasing role of online platforms in radicalisation, particularly among youths. Social media and messaging platforms such as WhatsApp, Telegram, X (formerly Twitter), Reddit, and Instagram, as well as gaming platforms like Discord and Roblox, and video-sharing platforms like YouTube and Bitchute, have been used to disseminate extremist materials, it said. From July 2024 to June 2025, eight self-radicalised Singaporeans — six males and two females aged between 15 and 56 — were dealt with under the Internal Security Act (ISA). Four of them were influenced by the re-escalation of the Israeli-Palestinian conflict in October 2023, two by pro-ISIS ideologies, and the remaining two by far-right extremist beliefs, the report said, adding that all of them encountered extremist content online. The agency also noted the uptick in the number of local self-radicalised youths, with half of the eight latest cases involving youths aged 20 or below. Singapore's trend mirrors a broader global trend, with several western countries reporting last year that one in five terror suspects are under 18, while European countries reported that nearly two-thirds of ISIS-related arrests involved teenagers, the report said. A total of 60 self-radicalised individuals — 48 Singaporeans and 12 foreigners — were dealt with under ISA since 2015, it said. The agency found that online platforms featured in terrorism-related activities in four broad areas: to enable the radicalisation or to accelerate it, to facilitate recruitment for terrorist-related activities; and to mobilise and prepare for armed violence. 'The emergence of technological innovations, such as AI, also risks complicating the terrorist threat globally and locally," the ISD said. 'Even though there is no indication that evolving technologies, such as AI and 3D printing, have been used in any terrorist attack plot in Singapore, we are seeing an emerging trend of evolving technologies featuring in local youth self-radicalisation cases," it said. The report cited two examples to buttress its point. A 17-year-old ISIS supporter, detained in September last year, used an AI chatbot to generate a bai'ah – an oath of allegiance – to ISIS, while another 17-year-old far-right extremist, detained in March, used an AI chatbot to find instructions for producing ammunition and considered 3D printing firearms to carry out attacks. 'There is a need for increased cooperation between the public and private sectors, especially with technology and social media companies, to create a safer online environment," the ISD said. It noted that technology firms have stepped up their efforts, such as regulating and removing egregious content on social media platforms. 'However, technology companies could continue to explore further efforts in this area, including collaboration with religious and community organisations, to guide users in navigating the digital space and positively influence the online discourse," it said. PTI GS SCY SCY view comments First Published: July 29, 2025, 14:30 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
