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NCCN Hosts Patient Advocacy Summit on Improving Access to Accurate Health InformationIndia News | ISRO Shares Video of PSLV-C59/Proba-3 Mission's Successful Liftoff and Satellite Separation
A pair of ruby red slippers worn by actress Judy Garland in the classic movie The Wizard of Oz is set to be auctioned off Saturday. The iconic sequinned pumps were once stolen from a Minnesota museum. But now they are expected to fetch as much as $3m (£2.35m) at auction, according to Heritage Auctions. Online bidding started a month ago, and as of noon local time on Saturday, the highest bid was $1.55m. Heritage Auctions has called these slippers the "Holy Grail of Hollywood memorabilia". Garland was only 16 when she played Dorothy in the classic 1939 musical The Wizard of Oz. Media outlet Variety ranked it second in its inaugural list of "100 Greatest Movies of All Time". The film is a musical adaptation of L. Frank Baum's 1900 children's book The Wonderful Wizard of Oz. While in the book, the magical slippers are silver, the producers for the film changed them to red to take advantage of the new Technicolor technology. In the film, as in the book, a pivotal moment occurs when Dorothy must click her heels three times as she repeats "There's no place like home" in order to leave the magical land of Oz and return to Kansas and her Auntie Em. While several pairs of shoes were worn by Garland during filming, only four are known to have survived. One of the pairs is on exhibit at the Smithsonian's National Museum of American History. But this pair up for auction has its own unique history. Collector Michael Shaw had loaned the slippers out to the Judy Garland Museum in her hometown of Grand Rapids, Minnesota, when they were stolen in 2005. Professional thief Terry Jon Martin used a hammer to smash the glass case and snatch the slippers, believing that their insured value of $1m must be because they were covered in actual gemstones. But when he took them to a "fence" - and intermediary who sells stolen goods to discreet buyers - he discovered they were just glass. So he gave the shoes to someone else. It wasn't until 2018 that the FBI recovered the shoes in a sting operation. What happened to them in those 13 years is still not known. In 2023, Martin - who was in his 70s and used a wheelchair - pleaded guilty to stealing them, and was sentenced to time served. "There's some closure, and we do know definitely that Terry Jon Martin did break into our museum, but I'd like to know what happened to them after he let them go," John Kelsch, curator of the Judy Garland Museum, told CBS News Minnesota in 2023 . "Just to do it because he thought they were real rubies and to turn them over to a jewelry fence. I mean, the value is not rubies. The value is an American treasure, a national treasure. To steal them without knowing that seems ludicrous."
NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of the people his decisions affected. Then Wednesday's fatal shooting of the UnitedHealthcare CEO in a targeted killing on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, ran the insurance arm of the giant UnitedHealth Group Inc. since 2021 and had worked at the company for 20 years. He previously led its Medicare and retirement businesses. As CEO, Thompson led a business that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. The University of Iowa graduate began his career as a certified public accountant at Pricewaterhouse Coopers and had little name recognition beyond the industry. Even to investors who own its stock, the parent company's face belonged to CEO Andrew Witty, a knighted British triathlete who has testified before Congress. Thompson’s few moments of public attention stood in contrast to his role in reshaping the way Americans get health care. At an investor meeting last year, he outlined his company's shift to “value-based care,” paying doctors and other caregivers to keep patients healthy, rather than focusing on treating them when they get sick. “Health care should be easier for people,” Thompson said at the time. “We are cognizant of the challenges. But navigating a future through value-based care unlocks a situation where the ... family doesn’t have to make the decisions on their own.” Thompson also drew attention in 2021 when the insurer, like its competitors, was widely criticized for a plan to start denying payment for what it deemed non-critical visits to hospital emergency rooms. “Patients are not medical experts and should not be expected to self-diagnose during what they believe is a medical emergency,” the chief executive of the American Hospital Association wrote in an open letter addressed to Thompson. “Threatening patients with a financial penalty for making the wrong decision could have a chilling effect on seeking emergency care.” United Healthcare responded by delaying rollout of the change. Thompson was scheduled to speak at an investor meeting when he was shot around 6:45 a.m. outside the New York Hilton Midtown by a masked assailant who fled on foot, the New York Police Department said. Chief of Detectives Joseph Kenny said investigators were looking at Thompson's social media accounts and interviewing employees and family members. He said Thompson walked out of the hotel alone. “Didn’t seem like he had any issues at all,” Kenny said. "He did not have a security detail.” AP reporter Michael R. Sisak contributed to this report. This story corrects the style of the company’s name to UnitedHealthcare.SAN DIEGO , Dec. 7, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in DMC Global Inc. ( NASDAQ : BOOM) shares Investors who purchased more than $100,000 in shares of DMC Global Inc. BOOM between May and November 2024 have certain options and there are short and strict deadlines running. Deadline: February 04, 2025 . Those DMC Global Inc. (NASDAQ: BOOM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On October 21, 2024 , DMC Global Inc. disclosed that it was "revising its guidance" for the quarter ended September 30, 2024 , stating that the Company's adjusted EBITDA is now expected to be approximately $5 million , down from prior guidance for $15 -18 million, and that the third quarter financial results "will include inventory and bad debt charges at DynaEnergetics totaling approximately $5 million , as well as lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics." The Company also revealed that the financial results will include an approximate $142 million non-cash goodwill impairment charge "associated with DMC's December 2021 acquisition of a controlling interest in Arcadia ." On November 4, 2024 , DMC Global Inc released its third-quarter financial results for the period ending September 30, 2024 . Among other results, the Company reported third quarter sales of $152.4 million , down 11% sequentially and year-over-year, as well as the previously disclosed non-cash goodwill impairment charge. Shares of DMC Global Inc. BOOM declined from $15.98 per share on May 3, 2024 , to as low as $7.16 per share on November 21 , 2024. On December 06, 2024 , an investor in NASDAQ: BOOM shares filed a lawsuit against DMC Global Inc. The plaintiff alleges that between May 3, 2024 and November 4, 2024 , the defendants made materially false and misleading statements and failed to disclose the following adverse facts about DMC Global's business, operations, and prospects which were known to defendants or recklessly disregarded by them: (i) the goodwill associated with the company's principal business segment, Acadia Products, was overstated due to the adverse events and circumstances affecting that reporting segment; (ii) DMC Global's materially inadequate internal systems and processes were adversely affecting its operations; (iii) the company's inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; (iv) as a result, defendants misrepresented DMC Global's operations and financial results; and/or (v) as a result, the company's public statements were materially false, misleading, or lacked a reasonable basis when made. Those who purchased shares of DMC Global Inc. BOOM should contact the Shareholders Foundation, Inc. CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108 The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon. View original content to download multimedia: https://www.prnewswire.com/news-releases/lawsuit-for-investors-who-lost-over-100-000-in-shares-of-dmc-global-inc-nasdaq-boom-between-may-and-nov-2024-announced-by-shareholders-foundation-302325435.html SOURCE Shareholders Foundation, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
None
Anaerobic Digesters Global Market Report 2024: Unveiling Trends, Opportunities, and Strategic Outlook
Blockbuster Cubs trade proposal dumps 2 starters for $193 million slugger | Sporting NewsAs India seeks to expand its manufacturing and technological capability, critical minerals will become vital to fulfil this ambition. However, India, a major critical mineral importer, still depends on other countries, primarily China, for its mineral security, which has become a cause of strategic concern. Union Defence Minister Rajnath Singh, who voiced India’s apprehensions at a defence think tank gathering, said, “While [the] scramble for resources for economic reasons has had a long history, their weaponisation by some nations for strategic reasons is a comparatively new phenomenon”, hinting at Chinese attempts. To address India’s mineral security challenge, which is aimed at reducing its strategic vulnerability, New Delhi has started an attempt to engage in mineral diplomacy. Establishing joint ventures This attempt is based on the pillars of: developing international engagement with mineral-producing countries, and establishing strategic partnerships with intergovernmental organisations. The first pillar focuses on building bilateral ties with resource-rich countries such as Australia, Argentina, the United States, Russia, and Kazakhstan to secure the supply of lithium and cobalt. To facilitate this vision, post-2019, India established the Khanij Bidesh India Ltd. (KABIL), a joint venture company with a mandate “to ensure a consistent supply of critical and strategic minerals to the Indian domestic market”. The objective was to achieve mineral security by securing agreements, and acquisitions through government-to-government, government-to-business, and business-to-business routes. In March 2022, KABIL signed a Memorandum of understanding with Australia for a critical mineral investment partnership, identifying two lithium and three cobalt projects. Latin America’s Lithium Triangle, which constitutes Argentina, Chile, and Bolivia, has also attracted India’s attention. In January 2024, India signed a $24 million lithium exploration pact with a state-owned enterprise in Argentina for five lithium brine blocks. KABIL is also actively working to secure mineral supplies by facilitating the buying of assets from Bolivia and Chile. Apart from the government, India’s private sector has also benefited. Altmin Private Limited signed an agreement with YLB, Bolivia’s national company, to secure the raw material supply chain of Li-ion batteries. Central Asia has also caught India’s attention. Recently, India and Kazakhstan formed a joint venture, IREUK Titanium Limited, to produce titanium slag in India. This was one of India’s first joint ventures with the Central Asian Republics. This attempt is aligned with New Delhi’s proposal to establish an India-Central Asia Rare Earths Forum to leverage the region’s rich resources. Cooperative engagements The second pillar of mineral diplomacy is international engagement, which is forging and strengthening partnerships with minilateral and multilateral initiatives related to mineral security, such as the Quad (Australia, Japan, India, the United States), the Indo-Pacific Economic Framework for Prosperity (IPEF), Mineral Security Partnership (MSP) and the G-7, for cooperation in the critical mineral supply chain. These cooperative engagements aim to align India with the global best practices in the critical mineral sector across its three segments — upstream, midstream, and downstream. Additionally, they also facilitate knowledge sharing and capacity building, which is important for coordinating with international partners such as the U.S., the European Union (EU), South Korea, and Australia. To further this collaboration with western partners, India’s Ministry of Mines signed a MoU with the International Energy Agency to strengthen cooperation on critical minerals, helping India to “streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices”. The missing pieces India’s attempt at mineral diplomacy has led to many positive outcomes, but still lacks three essential ingredients required for its international diplomatic engagement. These are: a lack of private sector participation; weak diplomatic capacity, and insufficient sustainable partnership. Also, India’s private sector has largely been missing from the equation. The absence of a critical mineral supply chain strategy and a clear road map for the private sector are two primary variables responsible for the lack of policy clarity, leading to their absenteeism. To address these, India needs to formulate a comprehensive approach for de-risking, considering the role of the private sector across the supply chain. An important step would be to have a supply chain strategy based on India’s growth prospects and national security priorities. Second, India must strengthen its mineral diplomacy engagement. Having a dedicated mineral diplomacy division within the Ministry of External Affairs, similar to the New and Emerging Strategic Technologies (NEST) division and a special position for mineral diplomacy in selected diplomatic missions can be the first step. Third, India’s goal towards mineral security necessitates that New Delhi forge strategic, sustainable, and trusted partnerships with bilateral partners and multilateral forums. Among all its partners, working with EU, South Korea, and the other Quad members is critical to India’s mineral security due to its domestic capabilities, diplomatic network and technological know-how. If these issues can be resolved, India’s attempts at mineral diplomacy will gain strength and will be able to better complement New Delhi’s domestic critical mineral initiatives, which are currently moving at a slow pace. Abhishek Sharma is a Research Assistant with the Observer Research Foundation’s Strategic Studies Programme Published - December 16, 2024 12:08 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit India / diplomacy / critical minerals / imports / China / economy (general) / Australia / Argentina / USA / Russia / Kazakhstan / government / business (general) / Chile / Japan / European Union / South Korea / national security / technology (general)Federal fisheries proposal would slash commercial elver quota in 2025
AP News Summary at 2:47 p.m. ESTNagpur South West Election Results: In BJP's Devendra Fadnavis VS Congress' Prafulla Gudadhe, who is winning?After weeks of fear and bewilderment about the drones buzzing over parts of New York and New Jersey, U.S. Senator Chuck Schumer is urging the federal government to deploy better drone-tracking technology to identify and ultimately stop the airborne pests. The New York Democrat is calling on the Department of Homeland Security to immediately deploy special technology that identifies and tracks drones back to their landing spots, according to briefings from his office. Schumer’s calls come amid growing public concern that the federal government hasn’t offered clear explanations as to who is operating the drones, and has not stopped them. National security officials have said the drones don’t appear to be a sign of foreign interference. “There’s a lot of us who are pretty frustrated right now,” said Rep. Jim Himes, D-Conn., the top Democrat on the House Intelligence Committee, on Fox News Sunday. “The answer ‘We don’t know’ is not a good enough answer.” President-elect Donald Trump posted on social media last week: “Can this really be happening without our government’s knowledge? I don’t think so. Let the public know, and now. Otherwise, shoot them down.” Certain agencies within the Department of Homeland Security have the power to “incapacitate” drones, U.S. Secretary of Homeland Security Alejandro Mayorkas told ABC’s George Stephanopoulos on Sunday. “But we need those authorities expanded,” he said, without saying exactly how. The drones don’t appear to be linked to foreign governments, Mayorkas said. “We know of no foreign involvement with respect to the sightings in the Northeast. And we are vigilant in investigating this matter,” Mayorkas said. Last year, federal aviation rules began requiring certain drones to broadcast their identities. It’s not clear whether that information has been used to determine who is operating the drones swarming locations in New York and New Jersey. Mayorkas’ office didn’t immediately respond to questions about whether they’ve been able to identify drones using this capability. Schumer is calling for recently declassified radar technology to be used to help determine whether an object is a drone or a bird, identify its electronic registration, and follow it back to its landing place. New York Gov. Kathy Hochul on Sunday said federal officials were sending a drone detection system to the state. “This system will support state and federal law enforcement in their investigations,” Hochul said in a statement. The governor did not immediately provide additional details including where they system will be deployed. Dozens of mysterious nighttime flights started last month over New Jersey, raising concerns among residents and officials. Part of the worry stems from the flying objects near the Picatinny Arsenal, a U.S. military research and manufacturing facility and over Trump’s golf course in Bedminster. Drones are legal in New Jersey for recreational and commercial use, but they are subject to local and Federal Aviation Administration regulations and flight restrictions. Operators must be FAA certified.

NCCN Hosts Patient Advocacy Summit on Improving Access to Accurate Health InformationIndia News | ISRO Shares Video of PSLV-C59/Proba-3 Mission's Successful Liftoff and Satellite Separation
A pair of ruby red slippers worn by actress Judy Garland in the classic movie The Wizard of Oz is set to be auctioned off Saturday. The iconic sequinned pumps were once stolen from a Minnesota museum. But now they are expected to fetch as much as $3m (£2.35m) at auction, according to Heritage Auctions. Online bidding started a month ago, and as of noon local time on Saturday, the highest bid was $1.55m. Heritage Auctions has called these slippers the "Holy Grail of Hollywood memorabilia". Garland was only 16 when she played Dorothy in the classic 1939 musical The Wizard of Oz. Media outlet Variety ranked it second in its inaugural list of "100 Greatest Movies of All Time". The film is a musical adaptation of L. Frank Baum's 1900 children's book The Wonderful Wizard of Oz. While in the book, the magical slippers are silver, the producers for the film changed them to red to take advantage of the new Technicolor technology. In the film, as in the book, a pivotal moment occurs when Dorothy must click her heels three times as she repeats "There's no place like home" in order to leave the magical land of Oz and return to Kansas and her Auntie Em. While several pairs of shoes were worn by Garland during filming, only four are known to have survived. One of the pairs is on exhibit at the Smithsonian's National Museum of American History. But this pair up for auction has its own unique history. Collector Michael Shaw had loaned the slippers out to the Judy Garland Museum in her hometown of Grand Rapids, Minnesota, when they were stolen in 2005. Professional thief Terry Jon Martin used a hammer to smash the glass case and snatch the slippers, believing that their insured value of $1m must be because they were covered in actual gemstones. But when he took them to a "fence" - and intermediary who sells stolen goods to discreet buyers - he discovered they were just glass. So he gave the shoes to someone else. It wasn't until 2018 that the FBI recovered the shoes in a sting operation. What happened to them in those 13 years is still not known. In 2023, Martin - who was in his 70s and used a wheelchair - pleaded guilty to stealing them, and was sentenced to time served. "There's some closure, and we do know definitely that Terry Jon Martin did break into our museum, but I'd like to know what happened to them after he let them go," John Kelsch, curator of the Judy Garland Museum, told CBS News Minnesota in 2023 . "Just to do it because he thought they were real rubies and to turn them over to a jewelry fence. I mean, the value is not rubies. The value is an American treasure, a national treasure. To steal them without knowing that seems ludicrous."
NEW YORK (AP) — Brian Thompson led one of the biggest health insurers in the U.S. but was unknown to millions of the people his decisions affected. Then Wednesday's fatal shooting of the UnitedHealthcare CEO in a targeted killing on a midtown Manhattan sidewalk thrust the executive and his business into the national spotlight. Thompson, who was 50, ran the insurance arm of the giant UnitedHealth Group Inc. since 2021 and had worked at the company for 20 years. He previously led its Medicare and retirement businesses. As CEO, Thompson led a business that provides health coverage to more than 49 million Americans — more than the population of Spain. United is the largest provider of Medicare Advantage plans, the privately run versions of the U.S. government’s Medicare program for people age 65 and older. The company also sells individual insurance and administers health-insurance coverage for thousands of employers and state-and federally funded Medicaid programs. The business run by Thompson brought in $281 billion in revenue last year, making it the largest subsidiary of the Minnetonka, Minnesota-based UnitedHealth Group. His $10.2 million annual pay package, including salary, bonus and stock options awards, made him one of the company's highest-paid executives. The University of Iowa graduate began his career as a certified public accountant at Pricewaterhouse Coopers and had little name recognition beyond the industry. Even to investors who own its stock, the parent company's face belonged to CEO Andrew Witty, a knighted British triathlete who has testified before Congress. Thompson’s few moments of public attention stood in contrast to his role in reshaping the way Americans get health care. At an investor meeting last year, he outlined his company's shift to “value-based care,” paying doctors and other caregivers to keep patients healthy, rather than focusing on treating them when they get sick. “Health care should be easier for people,” Thompson said at the time. “We are cognizant of the challenges. But navigating a future through value-based care unlocks a situation where the ... family doesn’t have to make the decisions on their own.” Thompson also drew attention in 2021 when the insurer, like its competitors, was widely criticized for a plan to start denying payment for what it deemed non-critical visits to hospital emergency rooms. “Patients are not medical experts and should not be expected to self-diagnose during what they believe is a medical emergency,” the chief executive of the American Hospital Association wrote in an open letter addressed to Thompson. “Threatening patients with a financial penalty for making the wrong decision could have a chilling effect on seeking emergency care.” United Healthcare responded by delaying rollout of the change. Thompson was scheduled to speak at an investor meeting when he was shot around 6:45 a.m. outside the New York Hilton Midtown by a masked assailant who fled on foot, the New York Police Department said. Chief of Detectives Joseph Kenny said investigators were looking at Thompson's social media accounts and interviewing employees and family members. He said Thompson walked out of the hotel alone. “Didn’t seem like he had any issues at all,” Kenny said. "He did not have a security detail.” AP reporter Michael R. Sisak contributed to this report. This story corrects the style of the company’s name to UnitedHealthcare.SAN DIEGO , Dec. 7, 2024 /PRNewswire/ -- The Shareholders Foundation, Inc. announced that a lawsuit was filed for certain investors in DMC Global Inc. ( NASDAQ : BOOM) shares Investors who purchased more than $100,000 in shares of DMC Global Inc. BOOM between May and November 2024 have certain options and there are short and strict deadlines running. Deadline: February 04, 2025 . Those DMC Global Inc. (NASDAQ: BOOM investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554. On October 21, 2024 , DMC Global Inc. disclosed that it was "revising its guidance" for the quarter ended September 30, 2024 , stating that the Company's adjusted EBITDA is now expected to be approximately $5 million , down from prior guidance for $15 -18 million, and that the third quarter financial results "will include inventory and bad debt charges at DynaEnergetics totaling approximately $5 million , as well as lower fixed overhead absorption on reduced sales at both Arcadia and DynaEnergetics." The Company also revealed that the financial results will include an approximate $142 million non-cash goodwill impairment charge "associated with DMC's December 2021 acquisition of a controlling interest in Arcadia ." On November 4, 2024 , DMC Global Inc released its third-quarter financial results for the period ending September 30, 2024 . Among other results, the Company reported third quarter sales of $152.4 million , down 11% sequentially and year-over-year, as well as the previously disclosed non-cash goodwill impairment charge. Shares of DMC Global Inc. BOOM declined from $15.98 per share on May 3, 2024 , to as low as $7.16 per share on November 21 , 2024. On December 06, 2024 , an investor in NASDAQ: BOOM shares filed a lawsuit against DMC Global Inc. The plaintiff alleges that between May 3, 2024 and November 4, 2024 , the defendants made materially false and misleading statements and failed to disclose the following adverse facts about DMC Global's business, operations, and prospects which were known to defendants or recklessly disregarded by them: (i) the goodwill associated with the company's principal business segment, Acadia Products, was overstated due to the adverse events and circumstances affecting that reporting segment; (ii) DMC Global's materially inadequate internal systems and processes were adversely affecting its operations; (iii) the company's inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; (iv) as a result, defendants misrepresented DMC Global's operations and financial results; and/or (v) as a result, the company's public statements were materially false, misleading, or lacked a reasonable basis when made. Those who purchased shares of DMC Global Inc. BOOM should contact the Shareholders Foundation, Inc. CONTACT: Shareholders Foundation, Inc. Michael Daniels +1 (858) 779-1554 mail@shareholdersfoundation.com 3111 Camino Del Rio North Suite 423 San Diego, CA 92108 The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and a settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. Any referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is only provided as a public service. It is not intended as legal advice and should not be relied upon. View original content to download multimedia: https://www.prnewswire.com/news-releases/lawsuit-for-investors-who-lost-over-100-000-in-shares-of-dmc-global-inc-nasdaq-boom-between-may-and-nov-2024-announced-by-shareholders-foundation-302325435.html SOURCE Shareholders Foundation, Inc. © 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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Anaerobic Digesters Global Market Report 2024: Unveiling Trends, Opportunities, and Strategic Outlook
Blockbuster Cubs trade proposal dumps 2 starters for $193 million slugger | Sporting NewsAs India seeks to expand its manufacturing and technological capability, critical minerals will become vital to fulfil this ambition. However, India, a major critical mineral importer, still depends on other countries, primarily China, for its mineral security, which has become a cause of strategic concern. Union Defence Minister Rajnath Singh, who voiced India’s apprehensions at a defence think tank gathering, said, “While [the] scramble for resources for economic reasons has had a long history, their weaponisation by some nations for strategic reasons is a comparatively new phenomenon”, hinting at Chinese attempts. To address India’s mineral security challenge, which is aimed at reducing its strategic vulnerability, New Delhi has started an attempt to engage in mineral diplomacy. Establishing joint ventures This attempt is based on the pillars of: developing international engagement with mineral-producing countries, and establishing strategic partnerships with intergovernmental organisations. The first pillar focuses on building bilateral ties with resource-rich countries such as Australia, Argentina, the United States, Russia, and Kazakhstan to secure the supply of lithium and cobalt. To facilitate this vision, post-2019, India established the Khanij Bidesh India Ltd. (KABIL), a joint venture company with a mandate “to ensure a consistent supply of critical and strategic minerals to the Indian domestic market”. The objective was to achieve mineral security by securing agreements, and acquisitions through government-to-government, government-to-business, and business-to-business routes. In March 2022, KABIL signed a Memorandum of understanding with Australia for a critical mineral investment partnership, identifying two lithium and three cobalt projects. Latin America’s Lithium Triangle, which constitutes Argentina, Chile, and Bolivia, has also attracted India’s attention. In January 2024, India signed a $24 million lithium exploration pact with a state-owned enterprise in Argentina for five lithium brine blocks. KABIL is also actively working to secure mineral supplies by facilitating the buying of assets from Bolivia and Chile. Apart from the government, India’s private sector has also benefited. Altmin Private Limited signed an agreement with YLB, Bolivia’s national company, to secure the raw material supply chain of Li-ion batteries. Central Asia has also caught India’s attention. Recently, India and Kazakhstan formed a joint venture, IREUK Titanium Limited, to produce titanium slag in India. This was one of India’s first joint ventures with the Central Asian Republics. This attempt is aligned with New Delhi’s proposal to establish an India-Central Asia Rare Earths Forum to leverage the region’s rich resources. Cooperative engagements The second pillar of mineral diplomacy is international engagement, which is forging and strengthening partnerships with minilateral and multilateral initiatives related to mineral security, such as the Quad (Australia, Japan, India, the United States), the Indo-Pacific Economic Framework for Prosperity (IPEF), Mineral Security Partnership (MSP) and the G-7, for cooperation in the critical mineral supply chain. These cooperative engagements aim to align India with the global best practices in the critical mineral sector across its three segments — upstream, midstream, and downstream. Additionally, they also facilitate knowledge sharing and capacity building, which is important for coordinating with international partners such as the U.S., the European Union (EU), South Korea, and Australia. To further this collaboration with western partners, India’s Ministry of Mines signed a MoU with the International Energy Agency to strengthen cooperation on critical minerals, helping India to “streamline its policies, regulations, and investment strategies in the critical mineral sector, aligning them with global standards and best practices”. The missing pieces India’s attempt at mineral diplomacy has led to many positive outcomes, but still lacks three essential ingredients required for its international diplomatic engagement. These are: a lack of private sector participation; weak diplomatic capacity, and insufficient sustainable partnership. Also, India’s private sector has largely been missing from the equation. The absence of a critical mineral supply chain strategy and a clear road map for the private sector are two primary variables responsible for the lack of policy clarity, leading to their absenteeism. To address these, India needs to formulate a comprehensive approach for de-risking, considering the role of the private sector across the supply chain. An important step would be to have a supply chain strategy based on India’s growth prospects and national security priorities. Second, India must strengthen its mineral diplomacy engagement. Having a dedicated mineral diplomacy division within the Ministry of External Affairs, similar to the New and Emerging Strategic Technologies (NEST) division and a special position for mineral diplomacy in selected diplomatic missions can be the first step. Third, India’s goal towards mineral security necessitates that New Delhi forge strategic, sustainable, and trusted partnerships with bilateral partners and multilateral forums. Among all its partners, working with EU, South Korea, and the other Quad members is critical to India’s mineral security due to its domestic capabilities, diplomatic network and technological know-how. If these issues can be resolved, India’s attempts at mineral diplomacy will gain strength and will be able to better complement New Delhi’s domestic critical mineral initiatives, which are currently moving at a slow pace. Abhishek Sharma is a Research Assistant with the Observer Research Foundation’s Strategic Studies Programme Published - December 16, 2024 12:08 am IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp Reddit India / diplomacy / critical minerals / imports / China / economy (general) / Australia / Argentina / USA / Russia / Kazakhstan / government / business (general) / Chile / Japan / European Union / South Korea / national security / technology (general)Federal fisheries proposal would slash commercial elver quota in 2025
AP News Summary at 2:47 p.m. ESTNagpur South West Election Results: In BJP's Devendra Fadnavis VS Congress' Prafulla Gudadhe, who is winning?After weeks of fear and bewilderment about the drones buzzing over parts of New York and New Jersey, U.S. Senator Chuck Schumer is urging the federal government to deploy better drone-tracking technology to identify and ultimately stop the airborne pests. The New York Democrat is calling on the Department of Homeland Security to immediately deploy special technology that identifies and tracks drones back to their landing spots, according to briefings from his office. Schumer’s calls come amid growing public concern that the federal government hasn’t offered clear explanations as to who is operating the drones, and has not stopped them. National security officials have said the drones don’t appear to be a sign of foreign interference. “There’s a lot of us who are pretty frustrated right now,” said Rep. Jim Himes, D-Conn., the top Democrat on the House Intelligence Committee, on Fox News Sunday. “The answer ‘We don’t know’ is not a good enough answer.” President-elect Donald Trump posted on social media last week: “Can this really be happening without our government’s knowledge? I don’t think so. Let the public know, and now. Otherwise, shoot them down.” Certain agencies within the Department of Homeland Security have the power to “incapacitate” drones, U.S. Secretary of Homeland Security Alejandro Mayorkas told ABC’s George Stephanopoulos on Sunday. “But we need those authorities expanded,” he said, without saying exactly how. The drones don’t appear to be linked to foreign governments, Mayorkas said. “We know of no foreign involvement with respect to the sightings in the Northeast. And we are vigilant in investigating this matter,” Mayorkas said. Last year, federal aviation rules began requiring certain drones to broadcast their identities. It’s not clear whether that information has been used to determine who is operating the drones swarming locations in New York and New Jersey. Mayorkas’ office didn’t immediately respond to questions about whether they’ve been able to identify drones using this capability. Schumer is calling for recently declassified radar technology to be used to help determine whether an object is a drone or a bird, identify its electronic registration, and follow it back to its landing place. New York Gov. Kathy Hochul on Sunday said federal officials were sending a drone detection system to the state. “This system will support state and federal law enforcement in their investigations,” Hochul said in a statement. The governor did not immediately provide additional details including where they system will be deployed. Dozens of mysterious nighttime flights started last month over New Jersey, raising concerns among residents and officials. Part of the worry stems from the flying objects near the Picatinny Arsenal, a U.S. military research and manufacturing facility and over Trump’s golf course in Bedminster. Drones are legal in New Jersey for recreational and commercial use, but they are subject to local and Federal Aviation Administration regulations and flight restrictions. Operators must be FAA certified.