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On April 24th, Tesla (TSLA.O) CEO Elon Musk posted on his social media site X that Tesla has begun production of its Cybercab self-driving taxis, fulfilling a long-promised launch plan. Tesla had previously announced plans to begin production of its latest model this month, envisioning the futuristic Cybercab as part of its self-driving taxi network. This two-door, two-seater sedan, unveiled two years ago, lacks a steering wheel and pedals, requiring certain exemptions from US regulators.A Bank of England survey released on Friday, April 24, showed that British businesses surveyed in April expect prices to rise faster than before the Middle East conflict, but wage growth is expected to slow. A separate report from the Bank of Englands regional agents noted that while businesses are concerned about the conflict, "few businesses currently report a significant impact on their output, business activities and plans." The survey, conducted from April 2 to 17, interviewed approximately 2,030 chief financial officers. Energy prices have surged and remained high since the attacks on Iran in late February. The survey found that businesses expect prices to rise by 3.8% over the next 12 months, up from 3.5% in March. Businesses reported that their pricing rose by 3.7% in the year to April. The anticipated signs of rising inflation will concern Bank of England policymakers, who will meet next week to formulate policy and are expected to keep the key interest rate unchanged at 3.75%.Japanese Prime Minister Sanae Takaichi urged the cabinet to seek new sources of oil imports. It is estimated that approximately 60% of crude oil imports in May will bypass the Strait of Hormuz.European seaborne gas supplies have seen their first monthly decline in over a year, driven by terminal construction and tightening global gas supplies. Data shows that the number of liquefied natural gas (LNG) carriers arriving in Europe so far this month is lower than in April last year, and this gap is widening over time. Data intelligence firm Kpler predicts that imports this month may fall by about 3%, marking the first year-on-year decline since early 2025. Kpler analyst Ronald Pinto stated that the decline in European imports in April reflected a combination of factors, including planned maintenance and unplanned shutdowns at import terminals in Spain, Greece, Italy, and Germany, as well as tightening global supplies.ST Jingji: In the first quarter of 2026, the company achieved operating revenue of 935 million yuan, a year-on-year decrease of 47.04%; net profit attributable to shareholders of the listed company was 23.8047 million yuan, a year-on-year decrease of 75.05%.

Desalination Plant in California Suffers Setback With Recommendation For Denial

Haiden Holmes

Apr 26, 2022 10:07

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The commission, which has the authority to reverse staff decisions but does so infrequently, is due to vote on the project on May 12.


Desalination, environmentalists argue, annihilates ocean life, consumes excessive amounts of money and energy, and will soon be rendered obsolete by water recycling.


Poseidon Water, the infrastructure subsidiary of Canada's Brookfield Asset Management, is proposing the desalination facility near Huntington Beach, just south of Los Angeles.


Poseidon has been attempting to secure approval for the project for more than two decades, spending an estimated $100 million in the process.


With the Western states of the United States suffering from a prolonged drought, officials appeared to be on the verge of approving the Huntington Beach facility. Last year, the business expressed sufficient confidence to discuss breaking ground on the $1.4 billion factory by the end of 2022.


Poseidon has operated a comparable facility in Carlsbad since 2015, although it was permitted locally prior to the state enacting regulations governing desalination plants.