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2025-01-26   Author: Hua Erjun    Source: http://admin.turflak.no/cpresources/twentytwentyfive/
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LONDON: A group of climate vulnerable nations is using a U.N. meeting this week to push for a credit ratings overhaul, arguing ratings should reflect climate resilience measures, an advisor to the group told Reuters. The U.N. meeting in New York is the second of four to set goals for a major finance conference in Spain next year, where heads of state will look to step up efforts to meet the world's climate and sustainability targets. At the forefront of the talks are 39 so-called Small Island Developing States (SIDS) - including Cuba, Haiti, Fiji and the Maldives - that are bearing the brunt of increasing tropical storms, flooding, erosion and rising sea levels. Proponents of the initiative say the current ratings system undermines their ability to raise funds because it focuses on the potential economic damage from their exposure to the effects of climate change . "For the first time, the credit rating issue is on the table and it's being negotiated," said Ritu Bharadwaj , director of climate resilience and finance at the International Institute for Environment and Development. 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View Program Ratings given by the "Big Three" agencies - Moody's, S&P Global and Fitch - consider the risks and potential for economic harm from climate change. However, they do not typically factor in the social and economic benefits of investing in climate resilience, said a report by the institute. In response, a Fitch spokesman referred to several documents on the company's methodology but did not comment on the criticism directly. S&P and Moody's did not immediately respond. A credit rating is essential to attract money from the world's biggest pools of cash – pension funds and other institutional investors. But just 13 of the SIDS have a Big-Three credit rating, and most of those are classified as sub-investment grade or 'junk'. For others, the cost of obtaining one can be prohibitive. Many nations are expected to struggle to access the private finance seen vital to the total annual $1.3 trillion climate finance goal agreed at COP29 in Baku last month. "We are pushing to redefine the credit rating and look at the opportunities as well as the risks, so it gives a more balanced view on returns on investment," Bharadwaj said. The process of assigning credit ratings has come under scrutiny in recent years. The African Union plans to launch a new African ratings agency, arguing the Big Three do not fairly assess the risk of lending to the continent. Describing the current ratings process as "illogical, punitive, and backward looking", Gastone Browne, prime minister of Antigua and Barbuda, told Reuters he wanted to see a "more equitable" system that was "fit for purpose". Nominations for ET MSME Awards are now open. The last day to apply is December 15, 2024. Click here to submit your entry for any one or more of the 22 categories and stand a chance to win a prestigious award.Horse and cattle owners see shortage of veterinarians willing to take the reins of large animal careslot machine simulator

BRP Inc. executives said the Ski-Doo maker needs to stay calm in the face of tariffs proposed by U.S. president-elect Donald Trump — tariffs that could hurt a manufacturer that depends on Mexican production. "I don't think we should overreact right now," chief financial officer Sébastien Martel told analysts on a conference call Friday. "We should not speculate too much, because there are hundreds of different possibilities." Last month, the incoming president threw markets into turmoil when he threatened to slap a 25 per cent tariff on all products entering the U.S. from Canada and Mexico. Trump also proposed a 10 per cent tariff on Chinese imports. Some 70 per cent of BRP's production stems from Mexico, Martel said. The company also churns out Ski-Doo snowmobiles and some of its Can-Am three-wheeled motorcycles at a factory in Valcourt, Que. He stressed the advantage of Mexico's lower labour costs as well as its skilled workforce and the benefits of a North American free trade agreement. "We believe we would not be the same company had we not had that footprint in Mexico," Martel said. Roughly 10 per cent of BRP's goods are sourced from China, Martel noted, adding that those parts are "less technically complex." "There are parts that we could easily transfer to another supplier," he said. "Obviously, it would require work." Many observers have framed Trump's tariff threat as a gambit to gain negotiating leverage, rather than an announcement set in stone. "We are used to dealing with evolving trade agreements and have always succeeded in finding solutions to new tariffs," said CEO José Boisjoli. National Bank analyst Cameron Doerksen said the "uncertainty on this issue" remains a problem. "With the return of the Trump administration, the risk of tariffs on powersports imports into the U.S. market has risen materially, with BRP potentially vulnerable," he said in a note to investors. The uncertainty over tariffs could hardly come at a worse time for the company. BRP saw earnings plunge across all product lines amid dropping demand last quarter, capping off a tough year for the recreational vehicle manufacturer. Net income at the Sea-Doo maker fell 70 per cent year-over-year to $27.3 million in the quarter ended Oct. 31. Third-quarter revenue decreased 17 per cent to $1.96 billion. "Our retail performance was as anticipated, reflecting a challenging market dynamic due to soft industry trends," Boisjoli said, stating that discounts from competitors added to the company's woes. A slow start to the snowmobile season has not helped either. "The snow is a bit late, but now it’s catching up. And we expect good retail this season," Boisjoli said, adding that Ski-Doo sales over the next three months remain a "big question." After an urge for outdoor activity sparked a sales boom during the COVID-19 pandemic, buyers responded to inflation and interest rate hikes by pulling back from pricey recreational purchases. BRP's revenues have fallen year-over-year for eight straight quarters. Last month, the company laid off more than 120 employees in its home province of Quebec. The cuts followed some 1,150 layoffs across North America earlier this year, leaving it with roughly 20,000 workers globally. In October, BRP put its marine businesses up for sale as it looks to focus on powersports products and cut the cable to its money-losing boat brands. Nonetheless, its diluted earnings of $1.16 per share beat analysts' expectations of 69 cents, according to financial markets firm LSEG Data & Analytics. The performance boosted BRP's stock price seven per cent; it closed at $72.75 on the Toronto Stock Exchange on Friday. The company forecast that sales of seasonal products such as Ski-Doos and Sea-Doos will fall by more than 30 per cent this year. The category accounted for a third of BRP revenues last quarter. It predicted sales of all-terrain vehicles and other year-round products — comprising more than half of revenue in the quarter — will drop by more than 20 per cent. This report by The Canadian Press was first published Dec. 6, 2024. Companies in this story: (TSX:DOO) Christopher Reynolds, The Canadian PressGoogle: Why I Am Buying The 'DOJ' DipA missile launcher is in Bendigo and more could be built as Australia overhauls its defences. or signup to continue reading But it must first beat a competitor for a lucrative contract. Australia's government has shortlisted the StrikeMaster - a hybrid Bushmaster truck with a missile launcher - to arm a second "long-range fires regiment". It is part of a national pivot to long range missiles worth as much as $35 billion in the next decade, as Australia attempts to shore up security and project power into the Pacific and Indian oceans. Manufacturers Thales Australia and Kongsberg Defence Australia have pitched StrikeMasters assembled at a factory in North Bendigo. They have built prototypes using Kongsberg's fifth generation Naval Strike Missiles designed to hit ships hundreds of kilometres away. The missiles would be fired from the flatbed of a Bushmaster. Manufacturers would replace the truck's armoured hull - used for carrying troops - with the missile launcher, making it into a StrikeMaster. StrikeMasters are up against a proven competitor. The government could go with overseas-built High Mobility Artillery Rocket System (HIMARS) launcher vehicles. American-based company Lockheed Martin describes HIMARS as "the most technically advanced, affordable and sustainable artillery solution". The launchers can carry multiple missiles and have been sold around the world, including recently to Poland. More to come. I grew up in Bendigo and I want to tell your stories. I grew up in Bendigo and I want to tell your stories. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. 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NORTH CHARLESTON, S.C. (AP) — Daylen Berry scored 27 points as Charleston Southern beat Columbia International 95-89 on Saturday. Berry had 10 rebounds for the Buccaneers (4-11). RJ Johnson scored 25 points while shooting 7 for 19 (0 for 6 from 3-point range) and 11 of 13 from the free-throw line and added seven assists. Keenan Wilkins went 4 of 12 from the field (3 for 8 from 3-point range) to finish with 11 points, while adding six rebounds. JJ Vaughan finished with 24 points for the Rams. Columbia International also got 22 points from Christian Howard. Brandon Hunt also had 13 points and 11 rebounds. The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .Cardinals' feel-good month comes to a screeching halt after a head-scratching loss to Seahawks

Virgo natives can expect a dynamic and multilayered week that combines sociability, practical planning, and a few moments of introspection. Leading up to December 29, you may already sense a surge of positivity. The 30th is the day of “getting rid of tensions,” which hints at a quick resolution of recent worries or obstacles. You could find yourself attending more social or family events, purchasing a new home appliance, or making the house more comfortable for upcoming gatherings. As you cross into the New Year, your logical side awakens: you become increasingly mindful of how you spend both your time and resources. The prospect of bigger purchases—whether electronics or property—gains favor if you’ve done the groundwork. By midweek, those around you might notice an upswing in your mood. You’ll likely be at the center of celebratory gatherings, combining your natural organizational skills with a desire to have fun. However, keep your guard up in sharing personal strategies or secrets, especially around individuals who do not have your best interests at heart. Love & Relationship Romance and personal connections flourish for Virgos this week, with a pronounced sense of emotional warmth blanketing the period after December 29. If you are single, the possibility of fresh introductions or budding feelings around the New Year is possible—make the most of social invitations, as you never know whom you might meet. Meanwhile, committed Virgos may find that spending quality time with their partner—perhaps an intimate dinner at home or a short trip—fuels closeness and mutual appreciation. Still, watch for misunderstandings. Virgos can sometimes overthink or become critical when they sense disharmony. If doubts arise, opt for direct conversations rather than letting anxieties build. By the 4th of January, external pressures could briefly disturb your otherwise cordial domestic environment. Maintaining open channels of communication ensures that small hiccups do not escalate into needless conflict. Education & Career Education-wise, Virgos enjoy a significant confidence boost this week. The planets repeatedly emphasize success in studies for those who approach their tasks systematically. If you are in the process of studying for competitive exams, the 30th and 31st are particularly encouraging, suggesting you can push through complex topics with relative ease. Just remember not to get complacent. A diligent approach, coupled with your natural analytical skills, will take you far. In terms of professional life, this period favors thoughtful planning over impulsive moves. Early in the week, you may feel an urge to reorganize your workspace, set goals for 2025, or reach out to key contacts you’ve been meaning to consult. If you own a business, expect moderate success in networking—particularly around the turn of the year. Contracts or deals might come your way, but thoroughly vet them to avoid hidden pitfalls. By the weekend, workload management becomes essential; do not overextend yourself in a flurry of New Year ambitions. Instead, pace your tasks so you can maintain steady productivity. Money & Finance Financially, the stars highlight gradual progress and the importance of secure investments. Early in the period, you might be tempted to make a relatively large purchase—possibly for home improvement or technology upgrades. Though conditions are favorable, be certain you aren’t overspending. The planets mention auspicious times for property-related deals, home appliances, or even investing in educational needs if you have children. Money flow remains generally stable. You could receive a salary increase, a holiday bonus, or a delayed payment that finally comes through. The planets also point to potential gains from speculation, as indicated around the 1st or 2nd. However, if you’re new to trading or investing, educate yourself before taking the plunge. By the end of the week, maintain a sensible budget to avoid the stress of unplanned expenses—particularly around social events, family gatherings, or sudden travel. Health & Well-being Virgos typically take a structured, preventive approach to health, and this week’s energy aligns nicely with that mindset. During the first part of the week, you’ll likely feel an increase in mental clarity and physical vibrancy—perfect conditions for kicking off an exercise routine or improving your diet. If you’ve been contemplating a health-related resolution for the new year, this is a prime time to start. That said, the planets caution about hidden enemies and overexertion. This warning can translate into being mindful of stress triggers—whether in personal relationships or at work. Over-commitment to social events might leave you drained by the weekend if you don’t schedule proper rest. Keep your immune system strong by prioritizing good nutrition, adequate sleep, and mild physical activities like yoga or brisk walks. If you notice unusual discomfort, address it early rather than brushing it off. By balancing your innate desire for efficiency with genuine self-care, you’ll wrap up the week feeling recharged and ready for whatever lies ahead. Discover everything about astrology at the Times of India , including daily horoscopes for Aries , Taurus , Gemini , Cancer , Leo , Virgo , Libra , Scorpio , Sagittarius , Capricorn , Aquarius , and Pisces .Dog Goes to Daycare To Make Friends, Then Owner Looks at Camera

Senatorial candidate Luis “Manong Chavit” Singson underscored the importance of strengthening the nation’s reservist forces in his address during the RRU Mustering for the 4th Quarter CY 2024, held at Camp Riego de Dios in Tanza, Cavite on Saturday. “We must ensure that more Filipinos are encouraged to join the reserves and serve our country. This is key to building a strong and resilient defense,” said Singson, who is No. 58 in the Senate ballot. Manong Chavit also vowed to provide state-of-the-art military equipment, drawing on his experience as a global defense contractor. “I will continue to deliver the best military technology to fortify our nation’s defense capabilities,” he assured the crowd. The event featured the ribbon-cutting and blessing of key facilities, including the High-Velocity Deployment transport services, PAARU facilities, and the Laang Kawal Integrated Farm. It was attended by top military officials, reservists, and local supporters. Major Artemio Aloseda, director of the 402nd Ready Reserve Unit, praised Singson for his steadfast dedication to the Armed Forces of the Philippines (AFP), particularly the Army. “Chavit’s understanding of the AFP, honed during his tenure as chief of police, is unparalleled. His support for our armed forces is steadfast and genuine,” Major Aloseda said. The event highlighted Singson’s senatorial campaign focus on national security, emphasizing both military readiness and grassroots empowerment. His support for initiatives like the Laang Kawal Integrated Farm, which promotes sustainable agriculture and self-reliance, showcased his vision of a prepared, self-sufficient nation. The RRU Mustering event also allowed attendees to witness the operational readiness of the reserve unit, fostering camaraderie and national pride among the participants.Strictly Come Dancing fans have been left shocked after Tess Daly made an "embarrassing" comment to Chris McCausland. Chris and Dianne Buswell danced a Quickstep tonight to a track from Anything Goes for Musicals Week, but things turned slightly sour when fans noticed something Tess said to Chris and Dianne as they made their way over to her. Following their triumphant dance, Chris and Dianne celebrated - but then Tess could be heard telling Chris "can you see how happy she is with you", leaving fans fuming as Chris is blind due to a condition called retinitis pigmentosa. Angry fans took to social media to share their thoughts, with one writing: "No Tess, Chris can't see how happy he made Dianne...... #strictly ." Another penned: "Surely Tess didn’t just ask Chris ‘can you see how happy she is with you?’ #Strictly ." "Tess saying to Chris 'can you see how happy she is?'....um no Tess, he can't #Strictly ," a third shared, with a fourth writing: "Tess just asked Chris if he could see how happy Diane was...." A fifth added: "did tess actually just say “can you see how happy she is with you” to chris. a blind man." Another penned: "Did um...did Tess really just ask “can you see how happy she is with you?” Chris previously confessed he was "terrified" to be the first blind contestant on the show. "When you weigh that up, and you stop thinking about yourself so much, and the fact that you’re s***ting your pants, there becomes more benefit than risk," he explained to The Guardian. In a separate interview, he explained that his blindness is hereditary - but he is adamant to make it a part of his life. He told Big Issue: "Being blind wasn’t just something that happened to me, it was hereditary. Nan was blind, my mum was losing her sight. It was always treated as just part of life, so you get on with it. That’s fed into my way of viewing it. "But I did always think, things are moving so fast, we’ve got the internet now, surely there will be a cure and I’ll be able to see by the time I’m 30. I mean 40. I mean... and it just moves on and on." He added: "When you’re losing your sight gradually, there’s never a clear moment when you are forced to deal with it. I’d refuse to be associated with things connected to it, like, 'I’m not using a stick, I’m going to pretend I can see'. But you get into more trouble pretending there’s nothing wrong. It wasn’t until I lost my sight completely that I accepted it." *Strictly Come Dancing airs Sunday night on BBC One and BBC iPlayer.

Reynolds puts up 22 for St. Joseph's in 76-58 victory over Delaware StateWASHINGTON — President-elect Donald Trump offered a public show of support Friday for Pete Hegseth, his embattled choice to lead the Defense Department, whose confirmation by the Senate is in doubt as he faces questions over allegations of excessive drinking, sexual assault and his views on women in combat roles. Hegseth, a former Fox News Host, Army National Guard major and combat veteran, spent much of the week on Capitol Hill trying to salvage his Cabinet nomination and privately reassure Republican senators that he is fit to lead Trump’s Pentagon. “Pete Hegseth is doing very well,” Trump posted on his social media site. “He will be a fantastic, high energy, Secretary of Defense.” The president added that “Pete is a WINNER, and there is nothing that can be done to change that!!!” The nomination battle over Hegseth is emerging not only as a debate about the best person to lead the Pentagon, but an inflection point for a MAGA movement that appears to relish a public fight over its hard-line push for a more masculine military and an end to the “woke-ism” of diversity, equity and inclusion efforts. Get local news delivered to your inbox!None

Buchanan scores 28 off the bench, Boise State downs South Dakota State 83-82

Fast fashion is everywhere – in just about every mall, in the feeds of influencers on social media promoting overconsumption, and in ads constantly popping up online. Its focus on the continual production of new clothing is marked by speedy fashion cycles that give it its name. Fast fashion is intended to quickly copy high-end designs, but with low-quality materials, resulting in poorly made clothing intended to be worn once or twice before being thrown away. One of fast fashion’s leading companies, Zara, has a mission to put clothes in stores 15 days after the initial design. Another, Shein, adds up to 2,000 new items to its website daily. While others in the fashion industry are working toward more sustainable clothing, fast fashion is focused on profit. The market’s value was estimated at about US$100 billion in 2022 and growing quickly. It’s a large part of the reason global clothing production doubled from 2000 to 2014. The big winners in this game are the corporations. The industry has a reputation for exploiting workers and for excessive pollution and extraordinary waste. Consumers are pulled into an unhealthy, spiraling pressure to buy more as cheap clothes fall apart fast. Fast fashion also has a growing impact on the global climate. It is responsible for an estimated 8% to 10% of global greenhouse gas emissions, and its emissions are projected to grow quickly as the industry expands. I teach courses that explore fast fashion and sustainability. The industry’s growth seems unstoppable – but a combination of legislation and willpower might just rein it in. Understanding the harm About 60% of fast-fashion items are made from synthetic textiles derived from plastics and chemicals that start their life as fossil fuels. When this synthetic clothing is laundered or thrown in landfills to decompose, it can release microplastics into the environment. Microplastics contain chemicals including phthalates and bisphenol A that can affect the health of humans and animals. Natural fibers have their own impacts on the environment. Growing cotton requires large quantities of water, and pesticides can run off from farmlands into streams, rivers and bays. Water is also used in chemically treating and dyeing textiles. A 2005 United Nations-led report on cotton’s water use estimated that, on average, a single cotton T-shirt requires about 700 gallons (2,650 liters) of water from crop to clothing rack, with about 300 gallons (1,135 liters) of that water used for irrigation. The chemicals used to process textiles for clothing for the fashion industry also contaminate wastewater with heavy metals, such as cadmium and lead, and toxic dyes. And that wastewater ends up in waterways in many countries, affecting the environment and wildlife. Fast fashion’s high output also creates literally mountains of waste. More than 90 million tons of textile waste ends up in landfills globally each year, by one estimate, adding to greenhouse gases as it slowly decomposes. Only a small percentage of discarded clothing is recycled. From fashionista to environmental guardian In many cultures, people’s self-perception is intimately connected to fashion choices, reflecting culture and alliances. The allure of buying new items comes from many sources. Influencers on social media play into FOMO – the fear of missing out. Cheap items can also lead to impulse buys. Research shows that shopping can also create a euphoric sense of happiness. However, fast fashion’s speed and marketing can also train consumers into “psychological obsolescence,” causing them to dislike purchases they previously enjoyed, so they quickly replace them with new purchases. Famous personalities may be helping to push back on this trend. Social media explodes when a first lady or Kate Middleton, the Duchess of York, wears an outfit more than once. The movement #30wearschallenge is starting with small steps, by urging consumers to plan to wear every piece of clothing they buy at least 30 times. Upcycling – turning old clothing into new clothing items – and buying sustainable and high-quality clothes that can last for years is being promoted by the United Nations and other organizations, including alliances in the fashion industry. Some influencers are also promoting more sustainable fashion brands. Research has shown that peer influence can be a powerful driver for making more sustainable choices. The largest market for fast fashion is Gen Z, ages 12 to 27, many of whom are also concerned about climate change and might reconsider their fast-fashion buys if they recognized the connections between fast fashion and environmental harm. Some governments are also taking steps to reduce waste from fashion and other consumer products. The European Union is developing requirements for clothing to last longer and prohibiting companies from throwing out unsold textiles and footwear. France has pending legislation that, if passed, would ban publicity for fast-fashion companies and their products, require them to post the environmental impact of their products, and levy fines for violations. Changes in consumer habits, new technologies and legislation can each help reduce demand for unsustainable fashion. The cost of cheap clothes worn a few times also adds up. Next time you buy clothing, think about the long-term value to you and the planet. Paula M Carbone is Professor of Clinical Education, University of Southern California. The Conversation is an independent and nonprofit source of news, analysis and commentary from academic experts.Berry's 27 lead Charleston Southern past Columbia International 95-89WCPFC progress on labour rules, electronic monitoring, but ignores transshipmentBridge Defense Announces Strategic Investment in Federated IT

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