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On May 19, HarmonyOS announced that the cumulative delivery of the Wenjie M7 has reached 450,000 units.Futures News, May 19th - According to foreign media reports, Japanese rubber futures rose for the second consecutive trading day on Tuesday, supported by a weaker yen and tighter supply from Thailand, the worlds leading rubber producer. The Thai Meteorological Department stated that heavy rainfall is expected in the country from May 19th to 21st, which will keep supply in producing areas tight. However, the agency also expects the weather disruptions to ease from May 22nd. Meanwhile, Tianfeng Futures in China pointed out that the capacity utilization rate of butadiene rubber plants in China has increased month-on-month, leading to a short-term increase in market supply.Samsung Electronics shares fell 4.3%.Hong Kong-listed mobile game stocks continued their upward trend, with NetEase-S (09999.HK) rising nearly 3%, Bilibili (09626.HK) rising over 2%, and Kingsoft (03888.HK), Tencent Holdings (00700.HK), and others following suit.On May 19th, the Reserve Bank of Australia (RBA) stated in its latest meeting minutes that a third consecutive rate hike would provide it with room to monitor how households and businesses are responding to the impact of the Middle East conflict, which has led to soaring fuel prices. The minutes indicated that "while uncertainty remains, financial conditions are likely to tighten to some extent following this decision." According to the minutes, committee members discussed whether to raise rates or hold them steady, with eight of the nine members deciding there was more reason to raise rates to 4.35%. The minutes showed that the rate hike "will give the Committee room to observe developments in the Middle East conflict and how households and businesses are responding." The Committee acknowledged that policy action cannot alter the "short-run trajectory" of inflation. Money markets expect the RBA to raise rates at least once more this year, with a greater than 50% probability of two hikes. After raising rates again two weeks ago, the RBA has completely reversed all of last years accommodative policies.

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.