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Hang Seng Index futures closed down 0.28% at 25,371 points in overnight trading, a discount of 100 points.According to official Colombian statistics, the death toll from the earthquake has risen to 304.August 19th - According to sources, with a new round of tariffs set to take effect on Wednesday, the Trump administration is lowering expectations for a last-minute agreement between the US and Canada to avoid additional tariffs. Sources indicate that the US is privately signaling a "50/50 or lower" chance of reaching an agreement on Tuesday. Both sides are facing a midnight deadline, at which point billions of dollars worth of Canadian goods will face 50% tariffs. It remains unclear whether these signals truly reflect progress in negotiations or are simply the US trying to increase its bargaining leverage. Trump has a history of making demands of trading partners at the last minute. Sources say Trump is expected to speak with Canadian Prime Minister Carney again on Tuesday. The two also spoke by phone on Monday.Sources familiar with the matter revealed that the US has reportedly lowered its expectations for reaching a US-Canada trade agreement on Tuesday. US President Trump and Canadian Prime Minister Carney are expected to speak again on Tuesday local time.On August 19, Rezaei, Secretary of Irans Supreme National Security Council, stated that Washingtons inability to reopen the Strait of Hormuz exposes the gap between the USs claimed control and its actual capabilities, marking the beginning of a "post-American order" in the Persian Gulf. Rezaei wrote, "The gap between the USs inability to reopen the Strait of Hormuz, yet its claim to control it, is greater than the 7,000-mile distance between Washington and the Strait of Hormuz." He added, "Welcome to the post-American order in the Persian Gulf." "Some dreams are too far removed from reality." This followed a post by US President Trump showing a map labeling the Strait of Hormuz as "new US territory."

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.