Atlantic Storm http://atlantic-storm.org/ Thu, 24 Nov 2022 03:15:34 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://atlantic-storm.org/wp-content/uploads/2021/05/cropped-icon-32x32.png Atlantic Storm http://atlantic-storm.org/ 32 32 Benjamin Goode: the “suspicious” death of an Australian traveler in Chile and South America https://atlantic-storm.org/benjamin-goode-the-suspicious-death-of-an-australian-traveler-in-chile-and-south-america/ Thu, 24 Nov 2022 03:15:34 +0000 https://atlantic-storm.org/benjamin-goode-the-suspicious-death-of-an-australian-traveler-in-chile-and-south-america/

The family of a Perth man who is believed to have died in ‘suspicious’ circumstances overseas are trying to raise money to bring his body home.

Benjamin Goode left Australia in June with the intention of traveling to South America.

But according to his family, Mr Goode died overseas and his death is being treated as suspicious.

“The circumstances surrounding what happened are still under investigation,” her sister Zoe Taylor-Goode said.

Ms Taylor-Goode has started a GoFundMe page to raise money to bring her brother’s body home, with the aim of raising $20,000.

“Being a seasoned traveler, with many years in her professional field, there was no need to worry about her safety in the rest of the world,” she wrote on the page.

“Just as he had done in the past, I expected him to return home when he was homesick or ready for his next trip.

“Unfortunately, due to his unexpected death, we sadly await his return which will never be.”

The money raised will be used to cover all costs associated with the repatriation process, including legal fees, translation services and funeral arrangements.

“Benjamin was a smart, responsible and outgoing young man with a heart of gold who made many friends on his travels and was always available to help,” Ms Taylor-Goode wrote.

“Please take this opportunity to share and if you are able to spare what you can.

“As it is still early days, please understand that there are currently no plans for a funeral or memorial service; however, we will post a public notice when the time comes.

A Department of Foreign Affairs and Trade spokesman confirmed to NCA NewsWire that Mr Goode died in Chile, but did not respond to claims by his family that his death was suspicious.

“The Department of Foreign Affairs and Trade is providing consular assistance to the family of an Australian who died in Chile,” they said.

“The Australian Government sends its deepest condolences to the family and loved ones of the individual.

“Due to our confidentiality obligations, we are unable to provide further comment.”

Chloe Marinelli donated to the GoFundMe page and said she felt a “stab of disbelief” thinking about his death.

“I worked with him in Melbourne in 2017. I remember one day our groups were busy having a surf lesson so Ben and I sat on our surfboards planning and planning our future trips “, she said.

“Ben spontaneously suggested, ‘Why don’t you come and travel to Southeast Asia with me?’

“It sounds like Ben was the adventurous guy he always was.

“I wish him peace and can only hope for answers and a repatriation so that his family can give him a proper goodbye. Sending love and strength to his family.

Caity Latham also donated and posted a tribute to Mr Goode on social media.

“For those of you who knew me when I was younger, I was never without Ben. He was my rock, my family, my love,” she wrote.

“Ben died overseas a few weeks ago.

“Benny, we had bad times, but we also had amazing times.

“Thank you for pushing me to be the best I can be. I know I wouldn’t be where I am today without you.

“Thank you for being a part of my life. I have always loved you and will always love you.”

Read related topics:Perth
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COP27 produced a landmark climate fund. COP28 must do more, say experts https://atlantic-storm.org/cop27-produced-a-landmark-climate-fund-cop28-must-do-more-say-experts/ Mon, 21 Nov 2022 12:25:39 +0000 https://atlantic-storm.org/cop27-produced-a-landmark-climate-fund-cop28-must-do-more-say-experts/

Comment

Hello and welcome to The Climate 202! In case you haven’t spent the whole weekend glued to the live stream of the COP27 climate negotiations in Egypt, we have what you need:

COP27 ended with a historic agreement on “loss and damage”. COP28 must do more, experts say.

After two weeks of tense negotiations at the United Nations Climate Change Conference in Egypt, known as COP27diplomats from nearly 200 countries reached a final agreement on Sunday that helped vulnerable countries deal with climate-related disasters, the Washington Post reported. Sarah Kaplan reports.

Beyond that breakthrough, however, the deal made little headway on measures to accelerate emissions reduction efforts or phase out fossil fuel burning, a key driver of the climate crisis.

The double-edged outcome increases pressure on negotiators at next year’s United Nations climate summit in Dubai, known as COP28, to secure meaningful new action to alter the trajectory of global warming, according to experts in international climate diplomacy.

Here’s what to know about how the COP27 deal paved the way for the clashes expected at COP28:

Discuss the details of a “loss and damage” fund

Wealthy nations agreed on Sunday to create a fund to compensate vulnerable countries for the costs of rising seas, stronger storms and other disasters fueled by rising global temperatures, The Washington Post said. Evan Halper, Timothy Puko and Sarah Kaplan report.

The agreement on a “loss and damage” fund has broken an impasse on one of the most contentious issues in the UN climate negotiations. The United States has long resisted the idea of ​​such payments, fearing unlimited liability for its role as the largest historical emitter of greenhouse gases.

Still, negotiators must spend the next year figuring out many of the details surrounding the fund, including who would contribute money and which countries could draw from it. Already one the debate broke out whether China – a developing country that has become the world’s largest annual emitter – should provide the same financial support as developed countries.

“We have the fund but we need the money to make it worthwhile,” mohamed adouexecutive director of the Nairobi-based think tank Power Shift Africa, said in a statement. “What we have is an empty bucket. Now we need to fill it so that support can be given to those most affected who are suffering right now because of the climate crisis.”

Review of the progress of the Paris agreement

At last year’s UN climate summit in Glasgow, Scotland, nations pledged to accelerate their efforts to reduce greenhouse gas emissions this year. But the COP27 agreement does not oblige countries to set stricter emissions reduction targets, despite pressure for greater ambition from the European Union and other nations.

US climate envoy John F. Kerrywho was sidelined in the final hours of the summit with covid-19, said in a statement that the deal leaves the world on track to warm by a dangerous 1.7 degrees Celsius (3 degrees Fahrenheit) above pre-industrial levels.

Under the Paris climate accord, which aimed to limit warming to a safer threshold of 1.5 degrees Celsius (2.7 degrees Fahrenheit), countries must commit to a “global stocktake” every five years to assess their collective progress towards this goal. The negotiators will have the crucial task of carrying out such an assessment at COP28.

“We need to work closely with the United Arab Emirates, which will host COP28, to ensure that the first global stocktake under the Paris Agreement delivers a meaningful outcome paving the way for even greater climate ambition in the years to come,” Kerry said.

Fighting for fossil fuels at a major oil producer

India had led a campaign for the COP27 agreement to call for the phasing out of all fossil fuels, including oil and gas. But the final text merely reiterated the language of the pact at the Glasgow summit calling for a “phasing out of coal”, disappointing many anti-fossil fuel campaigners.

Some diplomats are already gearing up to ensure that COP28 does more to accelerate the global transition to clean energy. But as one of the world’s largest oil producers, the UAE has made it clear it sees a continued role for oil and gas in the energy transition, potentially threatening that push.

The United Arab Emirates plans to “extract and export every molecule of fossil fuels” left in the ground, Karim Elgendyresearcher on environmental issues in the Middle East at the London-based think tank Chatham Housetold Le Climat 202.

At the same time, the UAE has set itself the goal of achieving net zero emissions by 2050 and has increasingly invested in nuclear power, green hydrogen and solar power, said Karen Youngprincipal researcher at Colombia Universityit is Center on Global Energy Policy.

“The UAE intends to be in the energy business in many forms for a long time,” Young told The Climate 202. “Oil is just the start.”

Senate Democrats call on Postal Service to fast-track electric vehicle projects

As the nation prepares for gift-giving season, Senate Democrats are calling on the US Postal Service to bolster its adoption of electric delivery trucks, which they say could simultaneously improve service on roads across the country and reduce global-warming emissions.

In a letter sent Monday morning, the senators urged the agency to commit to electrifying 95% of its delivery fleet, instead of 40% as planned, using the $3 billion it received from the Inflation Reduction Act for electric vehicles and related infrastructure.

“With funding from the Cut Inflation Act, the USPS should aim higher and strive to have at least 95% of an electric mail delivery fleet that will reduce dangerous gas emissions to greenhouse effect. [and] help usher in an era of ubiquitous clean automotive technology,” the senators wrote.

The letter was directed by Senator Edward J. Markey (Mass) and Senate Environment and Public Works Committee Chair Thomas R. Carper (Delete). Signatories include Meaning. Sheldon White House (RI), Jeff Merkel (Ore.), Elizabeth Warren (Mass.), Bernie Sanders (I-Vt.), Chris Van Hollen (MD) and Martin Heinrich (NM).

The push comes after the Postal Service pledged in July to electrify at least 40% of its new delivery fleet in response to lawsuits from 16 states, the District of Columbia and four environmental groups seeking to block the plan to The agency’s original purchase, which primarily involved gas-guzzling trucks.

The Postal Service did not immediately respond to a request for comment on the letter.

Twitter helps officials share information about climate disasters. What if he dies?

Government officials often rely on Twitter to quickly share information about extreme weather events with tens of millions of Americans. But the app’s future is now uncertain, with the site’s new owner, Elon Musk, laying off about half of the company’s employees and issuing an ultimatum that resulted in the departure of hundreds more, The post office Reis Thebault, Brianna Sacks and Mark Berman report.

A dozen local, state and federal officials across the country told the Post they’ve used Twitter to save lives during disasters made worse by climate change, such as raging wildfires and swooping hurricanes. intensified.

In Santa Barbara County, the fire department responded to two of the worst disasters in California history – the Thomas Fire and the deadly mudslides that followed. The agency uses a variety of methods to communicate with the public, including radio broadcasts and Facebook.

But Twitter is “our primary vehicle for delivering real-time coverage,” said Mike Eliason, one of the department’s information officers. “If Twitter goes bankrupt, we will have to rethink the way we deliver our urgent messages.”

As it becomes a major food exporter, the Netherlands is betting on clean technologies

The Netherlands has become a world leader in producing food with less impact on the planet, spearheading innovations focused on reducing water consumption as well as carbon and methane emissions, Laura Reley reports for La Poste.

Over the past two decades, the Dutch have made significant advances in advanced cell-grown meat, vertical farming and seed technology. The country has also dedicated nearly 24,000 acres — nearly twice the size of Manhattan — to crops grown in greenhouses that use far less land, fertilizer and water than traditional soil-based agriculture.

But there are challenges: Greenhouse energy costs are rising as Western Europe faces an energy crisis amid Russia’s war in Ukraine. Meanwhile, a conservative governing coalition promised this summer to halve nitrogen emissions by 2030, which would require a sharp reduction in the number of animals that can be raised in the country.

Alternate caption: Delegates wake up after dozing off during the COP27 closing plenary.

]]> LG VK Saxena Approves Filing of SC Review Motion Against Acquittal of Accused in Chhawla Rape-Murder Case https://atlantic-storm.org/lg-vk-saxena-approves-filing-of-sc-review-motion-against-acquittal-of-accused-in-chhawla-rape-murder-case/ Mon, 21 Nov 2022 06:55:07 +0000 https://atlantic-storm.org/lg-vk-saxena-approves-filing-of-sc-review-motion-against-acquittal-of-accused-in-chhawla-rape-murder-case/

JTwo days after the body of a young woman was found wrapped in a polythene bag and stuffed into a red suitcase along the Yamuna highway, Mathura police have identified the deceased. The deceased’s brother and mother identified the body, police said, adding that they resided in Badarpur, Delhi. Police had sent teams to neighboring UP districts and were reviewing CCTV footage and call recordings. Posters were also put up and the case was widely publicized on social media.

Almost two months after Delhi police solved the case of the theft of a jewelry consignment worth Rs 4-6 crore and nabbed four men involved in the crime, the owner of the courier company handling the shipment went to court alleging that a senior officer was not handing over the recovered items. On August 31, two executives of a courier company were attacked in Paharganj, central Delhi, by four miscreants who threw chilli powder in their eyes and ran off with their consignment. The complainants were carrying two bags and a box filled with diamond, gold and silver jewelry. Police said the defendants posed as police officers and arrested them on the pretext of frisking them. Almost 24 hours after the incident, the police arrested the accused in Jaipur.

Kejriwal led a “jan samvad” in Paharganj on Sunday morning. In his address, he said he was confident that the Aam Aadmi party would take control of Delhi Municipality and that “it’s just a matter of the number of seats”.

“There is going to be an AAP government in the MCD. It’s just a question of the number of seats… We want 230 out of 250. We have the Delhi government, we are going to form the MCD government. So we will work for Delhi. If you, even by mistake, make a BJP candidate from your locality, all the work will stop there. Because they will fight with us, make dharnas against me… Do you want this for the next five years? Do you want work to be done? Toh upar bhi humaari sarkaar hai, neeche bhi humaari sarkaar hai. Kaam toh Kejriwal hi karega,” he said, adding, “Don’t vote for those who stop working, vote for those who work.”

Meanwhile, BJP’s JP Nadda said people talking about schools are now steeped in corruption and involved in an alcohol scam. He said so during an MCD campaign rally in Sangam Vihar and asked voters to “teach the Delhi government a lesson”.

Nadda spoke about AAP’s ‘scams’ and ‘corruption’, pointing to excise policy, a video of AAP Minister Satyendar Jain receiving a ‘massage’ in Tihar prison, and his inability to treat garbage despite receiving funds from the Centre.

“The victory (of BJP) will not be a victory for the candidates, but a victory for the rights of the citizens. Dilli sarkar, jou upar se neeche tak bhrashtachar mein doobi hui hain… he tried to strangle even the municipal corporation and do injustice to the people of delhi. The chance to teach these people a lesson comes in elections,” Nadda said.

In other updates: the search continues in Delhi and Gurgaon to find the remains of Shraddha Walkar, who was killed and his body cut up in several pieces allegedly by her resident partner Aaftab Poonawala, Delhi police recovered bones, one of which appears to be part of a skull, from different forest areas on Sunday. The same will be sent for forensic examination to verify if they are human, police said.

Police are also pumping water from a lake in Maidangarhi as it is suspected that Poonawala dumped body parts there.

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DELEK US HOLDINGS, INC. : Entering into a Material Definitive Agreement, Creating a Direct Financial Obligation or an Obligation Under an Off-Balance Sheet Arrangement of a Registrant, Financial Statements and Exhibits (Form 8-K) https://atlantic-storm.org/delek-us-holdings-inc-entering-into-a-material-definitive-agreement-creating-a-direct-financial-obligation-or-an-obligation-under-an-off-balance-sheet-arrangement-of-a-registrant-financial-stat/ Fri, 18 Nov 2022 21:05:12 +0000 https://atlantic-storm.org/delek-us-holdings-inc-entering-into-a-material-definitive-agreement-creating-a-direct-financial-obligation-or-an-obligation-under-an-off-balance-sheet-arrangement-of-a-registrant-financial-stat/

Item 1.01. Conclusion of a significant definitive agreement.

Amended and Restated Term Credit Agreement

On November 18, 2022 (the “Closing Date”), Delek US Holdings, Inc. (the “Company”) has entered into an amended and restated term credit agreement (the “amended and restated term credit agreement”) with Wells Fargo Bank, National Associationas administrative agent (the “Term Administrative Agent”), the Company, as borrower, and the lenders parties thereto, providing a senior secured term loan facility in the amount in initial principal of $950 million (the “Term Credit Facility”).

Term loans under the Term Credit Facility were fully borrowed on the closing date and were issued with an initial issue discount of 4%. Proceeds from the term credit facility, as well as proceeds from borrowing under the Company’s revolving credit facility (the “Revolving Credit Facility”) and cash were used to refinance the Company’s existing term loan. As a result of the refinancing effected under the Amended and Restated Term Credit Agreement, the Corporation’s outstanding term loans were reduced by an aggregate amount of approximately $300 million.

Interest rates applicable to borrowings under the term credit facility are based on a fluctuating interest rate measured as a function of either, at the option of the Company, (i) a base rate plus a applicable margin, or (ii) an adjusted term guaranteed interest rate Overnight Funding Rate (“SOFR”), plus an applicable margin. The applicable margin for borrowings under the Term Credit Facility is 2.5% per annum for base rate borrowings and 3.5% per annum for SOFR borrowings.

The Amended and Restated Term Credit Agreement requires the Company to prepay outstanding term loans, subject to certain exceptions, with (i) 100% of the net cash proceeds of asset sales in the unusual course or other dispositions of property by the Company or any of the Restricted Subsidiaries and 100% of the net cash proceeds of certain insurance and condemnation events relating to the assets of the Company, subject to certain thresholds and reinvestment rights ; (ii) 100% of the net cash proceeds of the Company and its Restricted Subsidiaries from the issuance or subscription of debt securities for borrowed money not authorized under the Amended Term Credit Agreement and update ; and (iii) a variable percentage of excess cash flow, ranging from 50% to 0% depending on the Company’s consolidated secured net debt ratio from time to time. The Company may voluntarily prepay loans outstanding under the Company’s Term Credit Facility at any time, subject to customary “break” fees with respect to SOFR loans and subject to a 1.00% prepayment premium in connection with certain customary repricing events which may occur within six months. after the closing date.

Under the term credit facility, the Company is required to make scheduled quarterly principal installments of $2.375 millionthe balance of the principal being due on November 19, 2029.

Pursuant to certain guarantee and guarantee agreements, the obligations of the borrowers under the amended and restated term credit agreement are guaranteed by each of the direct and indirect, existing and future, wholly owned national subsidiaries, under subject to customary exceptions and limitations, and excluding Delek Logistics Partners, LP, a Delaware limited partnership (“Delek MLP”), and Delek Logistics GP, LLCa Delaware Ltd. (“Delek MLP GP”), certain other publicly traded limited partnership affiliates of the Company which may be acquired in the future and each of their subsidiaries (collectively, the “MLP Subsidiaries”). Borrowings under the Amended and Restated Term Credit Agreement are also guaranteed by DK Canada Energy ULC, a British Columbia an unlimited liability company and a restricted subsidiary wholly owned by the Company.

The term credit facility is secured by a second lien on substantially all of the receivables, inventory, revolving identification numbers, instruments, intercompany loans receivable, deposit and securities accounts, related books and records and certain other personal property of the Company and each Guarantor, subject to certain customary exceptions (the “Revolving Priority Guarantee”), and a first lien on substantially all of the other assets of the Company and each guarantor, including all interests of any subsidiary owned by the Company or any guarantor (other than equity interests in certain MLP Subsidiaries, including Delek MLP and Delek MLP GP) and real estate owned by the Company and the Guarantors (these real estate assets and holdings, the “Term

————————————————– ——————————

Priority Security”), in each case subject to certain customary exceptions. The liens guaranteeing the Term Credit Facility are the subject of a creditors’ agreement between the Administrator Wells Fargo Bank, National Association, as administrative agent under the Revolving Credit Facility, and recognized by the Company and the subsidiary guarantors. Certain excluded assets will not be included in the Term Priority Guarantee and the Revolving Priority Guarantee.

The Amended and Restated Term Credit Agreement is subject to negative covenants which, among other things and subject to certain exceptions, limit the Company’s ability and the ability of its Restricted Subsidiaries to: (i) incur indebtedness or provide debt guarantees; (ii) incur liens; (iii) make investments, loans and acquisitions; (iv) merge, liquidate or dissolve; (v) sell assets, including the share capital of subsidiaries; (vi) pay dividends out of share capital or redeem, repurchase or withdraw share capital; (vii) alter the business of the Company; (viii) engage in transactions with Company affiliates; (ix) enter into agreements limiting dividends and distributions from subsidiaries; and (x) enter into certain hedging transactions.

The Amended and Restated Term Credit Agreement also contains certain representations and warranties, covenants and events of default (including, without limitation, an event of default upon a change of control, which the Company considers customary for facility of this type). If an event of default occurs and is not cured or waived, the lenders under the Amended and Restated Term Credit Agreement are entitled to take various actions, including accelerating amounts due under of the Amended and Restated Term Credit Agreement and all actions permitted to be taken by a Secured Creditor.

The Amended and Restated Term Credit Agreement provides that the Company has the right, at any time, to request additional Term Loans in an aggregate amount, together with the aggregate amount of Additional Equivalent Indebtedness (defined below). below) up to (1) the sum of greater of (A) $400.0 million and (B) 100% of EBITDA (as defined in the Amended and Restated Term Credit Agreement) for the four fiscal quarters ended immediately prior to that date for which internal financial statements are available, ( 2) the amount of any voluntary prepayment of any term loan, additional loan and certain indebtedness secured on a pari passu basis with the term credit facility and (3) any other amount so long as such amount at that time could be committed without the pro forma consolidated net leverage ratio exceeding 2.50 to 1.00. The Company may, at its option, incur certain indebtedness in the form of loans or notes secured on a pari passu or subordinated basis with the Term Credit Facility or unsecured or subordinated in lieu of incurring additional term loans (the “Equivalent Debt”) in an amount not exceeding the amount described above. The lenders under the Term Credit Facility are under no obligation to provide any such additional covenants or loans and any additional or increased covenants or loans are subject to certain customary conditions precedent.

The foregoing description of the Amended and Restated Term Credit Agreement does not purport to be complete and is qualified in its entirety by reference to the Amended and Restated Term Credit Agreement, a copy of which is filed as Exhibit 10.1 herein.

Item 2.03. Creation of a Direct Financial Obligation or an Obligation under a

           Off-Balance Sheet Arrangement of a Registrant.


The description of the Amended and Restated Term Credit Agreement provided above in Section 1.01 is incorporated by reference into this Section 2.03.

Section 9.01. Financial statements and supporting documents.



  (d) Exhibits.

Exhibit
  No.                                    Description

10.1*         Amended and Restated Term Loan Credit Agreement, dated as of
            November 18, 2022, by and among Delek US Holdings, Inc., as borrower,
            the lenders from time to time party thereto, Wells Fargo Bank,
            National Association, as administrative agent for each member of the
            Lender Group and the Bank Product Providers, the Subsidiaries of Delek
            US Holdings, Inc. from time to time party thereto, as guarantors,
            Wells Fargo Securities, LLC, MUFG Bank, Ltd., and BofA Securities
            Inc., each as a joint lead arranger and joint book runner, Mizuho
            Bank, Ltd., PNC Capital Markets LLC, Citizens Bank, N.A., Barclays
            Bank PLC and Truist Securities, Inc., each as senior co-managers.

104         The cover page from this Current Report on Form 8-K, formatted in
            Inline XBRL.


* Some annexes and similar attachments have been omitted. The Company undertakes

provide an additional copy of any appendix or attachment omitted from the

Security and Exchange Commission on demand.

————————————————– ——————————

© Edgar Online, source Previews

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US returns another $20m Abacha booty to Nigeria https://atlantic-storm.org/us-returns-another-20m-abacha-booty-to-nigeria/ Fri, 18 Nov 2022 18:56:10 +0000 https://atlantic-storm.org/us-returns-another-20m-abacha-booty-to-nigeria/

The United States Department of Justice said it had transferred more than $20.6 million to the federal government pursuant to an August 23 agreement between the governments to repatriate assets stolen by the late dictator General Sani Abacha and his co-conspirators.

According to a statement posted Thursday on the DoJ’s website, the repatriation brings the total amount forfeited and returned by the United States in this case to approximately $332.4 million.

In 2020, the department repatriated over $311.7 million of forfeited assets that were in the Bailiwick of Jersey.

Last year, the UK enforced the US judgment against the additional $20.6 million.

In 2014, a judgment was issued in the District of Columbia ordering the forfeiture of approximately $500 million located in accounts around the world, following a civil claim for forfeiture of more than $625 million by the money laundering involving the proceeds of Abacha’s corruption.

The confiscated assets represent corrupt funds laundered during and after the military rule of Abacha, who became head of state in a military coup on November 17, 1993 and held that position until his death on November 17, 1993. June 8, 1998.

The complaint filed in the case alleged that Abacha, his son Mohammed, their associate, Abubakar Bagudu, now Governor of Kebbi State, and others embezzled, embezzled and extorted billions of dollars from coffers government and others, then laundered their criminal proceeds. through US financial institutions and transactions.

The statement read: ‘The UK’s cooperation in the investigation, restraint and execution of the US judgment, as well as the valuable contributions of Nigeria and other law enforcement partners around the world , including the UK’s National Crime Agency, as well as those of the Department of Justice’s Office of International Affairs, have been instrumental in recovering these funds.

”Under the agreement signed in August, the United States agreed to transfer 100% of confiscated net assets to Nigeria to support three critical infrastructure projects in Nigeria that had previously been authorized by the Nigerian President, General of Division Muhammadu Buhari (retired) and the Nigerian Legislature.

“The $20,637,622.27 marks a slight reduction from the $23 million announced in August, mainly due to fluctuations in the exchange rate between the British pound and the US dollar. The funds governed by this agreement will help finance the second Niger bridge, the Lagos-Ibadan highway and the Abuja-Kano road – investments that will benefit the citizens.

The Department appreciates the considerable assistance provided by the Governments of the United Kingdom, Nigeria, Jersey and France in this investigation.

He added that the case was brought under the Kleptocracy Asset Recovery Initiative by a team of dedicated prosecutors from the Criminal Division’s Money Laundering and Asset Recovery Section, working in partnership with the Federal Bureau. of Investigation.

The United States encouraged individuals with information about possible foreign corrupt proceeds located in or laundered through the United States to contact federal law enforcement or email [email protected]

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Scottish windfarm offshore crew fired for foreign labor https://atlantic-storm.org/scottish-windfarm-offshore-crew-fired-for-foreign-labor/ Thu, 17 Nov 2022 11:40:24 +0000 https://atlantic-storm.org/scottish-windfarm-offshore-crew-fired-for-foreign-labor/

Offshore crew members at a Scottish wind farm have been made redundant in favor of using foreign labour.

Letters seen by Energy Voice confirm that Solstad Offshore, an energy supply company, has laid off the 36 workers it hired through the ERSG agency to work on the Normand Navigator in favor of a workforce- cheaper foreign work.

The crew of 36 was to man the key Norwegian-registered supply vessel, the Normand Navigator, working on the Neart Na Gaoithe offshore wind project in the Firth of Forth off Fife.

The alternative crew would be “largely Filipino” and will work for “significantly lower rates of pay”, according to RMT union regional organizer Jake Molloy.

Solstad and ERSG were asked to comment on the case, first reported by the Herald.

It is understood that the move follows a visa extension for migrant offshore wind workers.

In 2017, the then Home Secretary granted a concession to immigration rules, allowing the employment of foreign nationals who join vessels engaged in the construction and maintenance of offshore wind projects in territorial waters. British.

The concession will expire at the end of April next year.

This kind of action cannot be tolerated!

Mr Molloy told Energy Voice: ‘I understand the company claiming they pay minimum wage, but we have experience of contractors paying well below that rate and as low as £3.60 from time.

“But aside, the fact that they’re ferrying workers halfway around the world is a direct contradiction to UK and Scottish government commitments to a ‘just transition’ creating thousands of good, well-paying jobs. in a green recovery!

“It demonstrates that we are millions of miles away from that, and that in fact the exploitation of low-wage workers to increase already huge profits is the order of the day!

“And at a time when we consumers see our energy bills continue to climb, this kind of action cannot be tolerated!”

Father-of-three left out in the cold as Christmas approaches

A dismissed worker contacted RMT about this “tragic situation”.

He has lived in Scotland with his family for 17 years and worked as an offshore steward for over nine years.

This contractor signed a “12 month contract with the ERSG and decided to work on the Solstad Offshore, ‘Normand Navigator'”.

“Several times” he checked with an ESRG representative if the work would last for the planned 12 months and he “received assurances that it would be a long project”.

For this reason, the contractor in question refused further work in favor of job security, he wrote: “I am a father of three children and I cannot afford to be unstable, especially during the holiday season.”

The father-of-three told RMT: ‘The first slight doubt that came to mind from the ERSG was that I had to sign a contract that said I had to pay to transfer my money earned £60 for each transfer .

“I have also been informed that I have to sign another contract with Payworx and that I will be paid in the UMBRELLA system. There was no mention of this before.

“No one has explained to me or my colleagues (there are several of us) what this system consists of.

“We are advised that this is required by the UK Government and there is no other option.

“We stayed, I was manipulated into being employed by the umbrella company and there is no other option.

“I didn’t know I would have to pay the employer’s NIN and TAX!”

Despite his reservations, the entrepreneur continued.

“The day before boarding the ship we were accommodated in a hotel in Newcastle, two strangers in one room, which was very uncomfortable and unprofessional,” the father wrote.

When asked about the living situation, the entrepreneur was told by an ESRG official “it was easier for them to organize it that way”.

He added: “No one asked anyone for their opinion on this.”

Pay issues

As well as a lack of transparency in how contractors would be paid and “uncomfortable” accommodation, the father-of-three also faced problems receiving his salary.

“Throughout the contract period, no one has given us clear information about how many additional taxes and fees will be charged to us,” the contractor said.

“ERSG and Payworx employees avoided this topic like the plague.

“Throughout the contract, despite the ERSG’s avoidance of answering uncomfortable questions, we worked to complete our tasks.

“We were convinced that we had jobs for the next 12 months.

“One day, after 2 weeks of work, there was information from the previous team that there were problems with paying the money on time.

“Some of my colleagues checked whether we really had to be paid under the umbrella scheme and there were also reports that this was not true. The company denied it.”

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UK firm battles ‘strong international competition’ to get work on Scottish wind farm

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Aerospike 6 on AWS Graviton2 offers a 1.6x price-performance improvement https://atlantic-storm.org/aerospike-6-on-aws-graviton2-offers-a-1-6x-price-performance-improvement/ Thu, 17 Nov 2022 07:01:30 +0000 https://atlantic-storm.org/aerospike-6-on-aws-graviton2-offers-a-1-6x-price-performance-improvement/
  • New Aerospike 6 benchmark deployed on AWS Graviton2 processors delivers 25 million transactions per second, 99% of which take less than 1 millisecond
  • Announcement follows recent launch of Aerospike Cloud on AWS

Aerospike, Inc., the leader in real-time data platforms, today announced a new version of Aerospike 6 running on Amazon Elastic Compute Cloud (Amazon EC2) instances powered by AWS Graviton2. Detailed in a new benchmark report, Get exceptional value for real-time workloads with Aerospike and AWS Graviton2, Aerospike 6 on AWS Graviton2 delivers proven price-performance benefits of up to 18% increased throughput while maintaining up to 27% lower costs. The test measures Amazon EC2 instances powered by AWS Graviton2 against comparable x86 instances running Aerospike 6, with 99% of transactions completed in 1 millisecond or less. (Source: Hakha Momeni, AWS Graviton price-performance calculations.)

Strong sustainability benefits

Aerospike is known to reduce servers and carbon footprint by 80%. A recent IEEE paper cited the importance of software over hardware affecting power consumption. Additionally, AWS Graviton2-based Amazon EC2 instances deliver better performance for greater energy efficiency, helping customers achieve their sustainability goals.

No compromise on performance

“AWS Graviton2-based instances provide secure, scalable cloud computing and better value for workloads in Amazon EC2,” said Andrew Affolter, Principal Engineering Manager, Snap Inc. Aerospike running on AWS Graviton2, we expect even better computation. and benefits in terms of value for money.

“Since its inception, Aerospike’s real-time data platform has been designed to take full advantage of the latest innovations in compute, memory and networking technologies,” said Subbu Iyer, CEO of ‘Aerospike. “The combination of Aerospike 6 running on the innovations provided by AWS Graviton2 once again gives Aerospike a significant price-performance advantage over any other solution on the market today.”

“Powered by C6gn instances based on AWS Graviton2, Aerospike customers will experience far better value and efficiency benefits than other architectures,” said Raj Pai, VP of management of Amazon EC2 products, Amazon Web Services. “Aerospike 6 on AWS Graviton2 makes it ideal for compute-intensive applications such as gaming, distributed analytics, ad serving, financial services, telecommunications, IoT, and more.”

Aerospike 6 running on Amazon EC2 instances powered by AWS Graviton2 joins the recently announced Aerospike Cloud and the successful Aerospike Cloud Managed Service to enable customers to further innovate in the cloud.

The Get exceptional value for real-time workloads with Aerospike and AWS Graviton2 benchmark will be showcased at re:Invent, November 28-December 2 in Las Vegas. Visitors can see demonstrations of Aerospike 6 running on AWS and Aerospike Cloud. You can learn more here.

Resources

About Aerospike

Aerospike unleashes the power of real-time data to meet the demands of The Right Now Economy. Global innovators and builders choose Aerospike’s real-time multi-model NoSQL data platform for its predictable sub-millisecond performance at unlimited scale with dramatically reduced infrastructure costs. With support for strong consistency and globally distributed multi-cloud environments, Aerospike is an essential part of the modern data stack for Adobe, Airtel, Criteo, DBS Bank, Experian, PayPal, Snap , Sony Interactive Entertainment and Wayfair. A global company, Aerospike is headquartered in Mountain View, California, with offices in London, Bangalore and Tel Aviv.

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Inheritance tax on gifts: essential rules for gifts | Personal finance | Finance https://atlantic-storm.org/inheritance-tax-on-gifts-essential-rules-for-gifts-personal-finance-finance/ Wed, 16 Nov 2022 17:18:21 +0000 https://atlantic-storm.org/inheritance-tax-on-gifts-essential-rules-for-gifts-personal-finance-finance/

Inheritance tax (IHT) is a tax payable on money, savings and any other assets that a person passes on upon death. However, while some lifetime donations are exempt, there are also key rules people must follow if they want to use the allowance.

Inheritance tax is levied on a person’s estate if the total value of the assets exceeds £325,000. This is the current tax exemption threshold for the 2022-23 financial year.

The estate figure is confirmed after adding the value of the person’s assets (cash, property, personal property and investments).

If the total value of the assets exceeds £325,000, a 40% tax is applied to the remainder of the estate. However, there are ways to increase this.

READ MORE: Triple lock on state pensions could be scrapped for ‘big savings’

What gifts can we give?

According to Max Sullivan, Wealth Planner at Kingswood, people can donate up to £3,000 per fiscal year (in total, not per beneficiary) and if people don’t use it in a fiscal year, any remaining allocation can be carried over to next year.

However, Mr Sullivan said: ‘If you do this, you must use all of your allowance in that tax year – you cannot accumulate multiple years of allowance and use it in one donation.’

Donations of up to £250 per person per financial year to any number of people are also exempt from tax.

Each parent of a bride or groom can donate up to £5,000; grandparents or other relatives can donate up to £2,500 and any benefactor can donate £1,000. Donations to registered charities and political parties are also exempt from IHT.

However, Mr. Sullivan offered advice that people should do if they hope to use tax-free donations to pass on their wealth.

He said, “Always, always, always keep track of all the freebies you give. A simple record of when you made the donation, what it was used for, and the amount should usually suffice.

Chancellor Jeremy Hunt will unveil the much-anticipated Autumn Statement on Thursday, and it is believed to touch on the IHT threshold – an area that has caused much controversy over the years.

Mr Sullivan continued: “It is likely that the Chancellor will see inheritance tax as a potential ‘cap’ on the public spending deficit.

“Most importantly, individuals should seek professional advice and guidance before considering gifts and/or estate tax planning. Inheritance tax affects the majority of UK individuals in one way or another.

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The number of migrants poses a growing challenge https://atlantic-storm.org/the-number-of-migrants-poses-a-growing-challenge/ Wed, 16 Nov 2022 05:26:15 +0000 https://atlantic-storm.org/the-number-of-migrants-poses-a-growing-challenge/
  • Cayman Information Service

(CNS): Over the past week, another 39 Cuban migrants have arrived in the Cayman Islands, including seventeen people who were rescued at sea by the Caribbean legend, a freighter heading for Grand Cayman. The sixteen men and one woman arrived safely at the Port of George Town on Sunday morning. They join more than 300 other migrants being processed by Customs and Border Control (CBC), adding to an increasingly costly challenge.

Since Thursday, another 22 Cuban migrants have arrived in Cayman Brac waters aboard four different unseaworthy boats.

On Friday, CBC said the increase in the number of Cuban migrants in recent weeks has raised challenges for the CBC and raised public concern. There are now around 325 men and women under the supervision of CBC, including around 100 on the Brac, all of whom need appropriate accommodation and support. The cost of migrant security, maintenance and detention for the period from January to September this year was nearly $1.3 million.

The delays in obtaining authorization for repatriation from the Cuban government and the duration of the asylum application and the appeal procedure are proving increasingly costly.

Border Control Minister Chris Saunders said the government was seeking to meet with representatives of Cuba and understood the concerns raised by members of the public about the recent increase in Cuban migrant arrivals as well as the costs and the delays involved.

“The government also has concerns about the practicalities and the costs involved,” he said in a press release about the rise in numbers. “However, we must understand that the repatriation process is not a process over which the Cayman Islands government authorities have complete control. The Cayman Islands has obligations under the 1951 United Nations Refugee Conventions with respect to refugees and asylum seekers. Every migrant has the right to apply for asylum and the right to appeal if the application is rejected.

“Only once this process is complete can we begin the repatriation process, and the timing of their return to Cuba also depends on the response of the Cuban government,” he explained.

Saunders also pointed out that in addition to legal obligations, human considerations are necessary. “CBC is inundated with requests from people in Cuba seeking information about loved ones who have embarked on the dangerous journey,” he revealed. “As human beings, our thoughts are with both those worried about their loved ones and those desperate enough to make this journey.”

But he added that as a small country, Cayman could not absorb all the arrivals due to limited resources. “This is a complex problem, which is not easy to remedy,” said the minister. This year, approximately 221,000 Cubans have arrived in the United States through the Mexican border as economic challenges drive Cubans to seek new opportunities.

“We are all aware of the economic challenges in Cuba that often cause people looking for a better life to leave their country,” Saunders said. “These factors have been further compounded by current global forces, including the war in Ukraine, which would mean less aid from Russia’s longtime ally and trading partner. Combined with the devastation caused by Hurricane Ian, the effects of the COVID-19 pandemic and the ongoing international sanctions against Cuba, all of this has led to a deepening of the economic crisis in the country and in turn to migration massive.

The main local challenge caused by the recent influx of Cuban migrants is the provision of adequate housing. Migrants are currently placed in separate accommodation around Grand Cayman and Cayman Brac. The long-term goal is to house all migrants in one facility. The Minister explained that as a result, CBC and its Ministerial team met with the Public Works Department (PWD) to discuss repairs and improvements to the Immigration Detention Center (IDC).

When the repairs and improvements are completed, the IDC will be able to provide safe accommodation to all irregular migrants until the asylum process is complete.

All Cuban migrants currently in the Cayman Islands have applied for asylum. Only 14 have exhausted their asylum application procedure or withdrawn their application and are waiting to be repatriated to Cuba. So far this year, only four migrants have been flown back to Cuba on two flights, one last week and one in July.

A dedicated team within CBC is specifically responsible for dealing with asylum and irregular migration issues and is currently processing migrants and their asylum applications. The overall goal is to streamline the assessment process and return unqualified candidates to their home country as quickly as possible.

Saunders said the government was also tackling the issue from a diplomatic perspective. “While we are doing everything we can on the ground to speed things up, we are also maintaining dialogue and cooperation with the Cuban government,” he said. “Given the increase in arrivals to the Cayman Islands and knowing that the situation could worsen, we will meet with Cuban government officials before the end of the year to determine the way forward.”


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Wireless power transmitted from space https://atlantic-storm.org/wireless-power-transmitted-from-space/ Sun, 13 Nov 2022 06:13:25 +0000 https://atlantic-storm.org/wireless-power-transmitted-from-space/

Solar energy has accumulated far away in space, seen here beaming wirelessly back to Earth where it is needed. The European Space Agency plans to study the key technologies needed to make space solar power an operational reality through its SOLARIS initiative. One such technology, wireless power transmission, was recently demonstrated in Germany to an audience of business and government decision makers. Credit: Airbus

Solar energy could be collected far away in space and transmitted wirelessly to Earth where it is needed. The European Space Agency (ESA) plans to investigate the key technologies needed to make space solar power an operational reality through its SOLARIS initiative. Recently in Germany, one such technology, wireless power transmission, was demonstrated to an audience of business and government decision makers.

The demonstration took place at Airbus’ X-Works innovation factory in Munich. Microwave radiation was used to transmit green energy between two points representing “space” and “earth” over a distance of 36 meters.

The energy received was used to light up a model city and produce green hydrogen by separating water. It was even used to produce the world’s first 0% alcohol beer that was wirelessly chilled in a refrigerator before being served to the public.


To prepare Europe for future decision-making on space-based solar energy, ESA proposed a Preparatory Program for Europe, initially named SOLARIS, for the next ESA Council at Ministerial level in November 2022. Space solar power is a potential source of clean, affordable, continuous, abundant and secure energy. This core concept has been given new urgency due to the need for new clean and secure energy sources to facilitate Europe’s transition to a zero-carbon world by 2050. If Europe is to benefit from this capability revolutionary, we need to start investing now. . Credit: ESA – European Space Agency

For a working version of a space-based solar power system, solar power satellites in geostationary orbit would harvest sunlight continuously 24/7 and then convert it to micro -waves at low power density to transmit them safely to receiving stations on Earth. The physics involved means that these satellites would have to be large, on the order of several kilometres, to generate the equivalent power of a typical nuclear power plant. It would be the same for the collecting “rectennas” on the surface of the Earth.

Technical advancements in areas such as in-space manufacturing and robotic assembly, low-cost, high-efficiency photovoltaics, high-power electronics, and radio frequency beamforming would be needed to realize this vision. Further research to confirm that the effects of low power microwaves on human and animal health are mild and compatibility with aircraft and satellites would also be undertaken.

ESA’s SOLARIS – proposed to European space ministers at the Agency’s Council at ministerial level on 22 and 23 November – will carry out research on these technologies, in order to enable the Agency’s Member States to make a informed choice on the future implementation of space-based solar power as a new, clean, always-available source of energy, complementing existing renewable energy sources, helping Europe reach Net Zero by mid-2020. century.

Furthermore, any breakthroughs achieved in these areas will also benefit many other spaceflight projects as well as terrestrial applications.

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