Filipina carer Charlot David made the run back and forth to the bomb shelter several times before deciding it was better to simply stay there. The 44-year-old mother of four, who has lived through “several wars” since moving to Israel in 2008, knew exactly what to do when the ear-splitting alert on her mobile phone first woke her on Saturday. “Our flat is three minutes away from the bomb shelter, ...
Filipina carer Charlot David made the run back and forth to the bomb shelter several times before deciding it was better to simply stay there. The 44-year-old mother of four, who has lived through “several wars” since moving to Israel in 2008, knew exactly what to do when the ear-splitting alert on her mobile phone first woke her on Saturday. “Our flat is three minutes away from the bomb shelter, so we really have to run fast,” she said in a video interview from her employer’s home in Rehovot, a...
Singapore is on a quest to uplift its workforce by equipping lawyers, accountants and even prisoners with artificial intelligence skills. Under a national program, the city-state aims to strengthen the AI capabilities of 100,000 workers and 10,000 businesses over the next three years, Minister for Digital Development and Information Josephine Teo told parliament on Monday . “Often, the technology ...
Singapore is on a quest to uplift its workforce by equipping lawyers, accountants and even prisoners with artificial intelligence skills. Under a national program, the city-state aims to strengthen the AI capabilities of 100,000 workers and 10,000 businesses over the next three years, Minister for Digital Development and Information Josephine Teo told parliament on Monday . “Often, the technology is ready but the people are not,” Teo said. “Not all of us can be AI engineers. But we can be bilingual in AI in our own areas of expertise and solve problems in our domains.” Singapore’s prison service, which provides inmates with skills training aligned with job market demands, will also trial a plan to teach elderly prisoners common generative AI tools, Coordinating Minister for National Security K Shanmugam wrote in a parliamentary reply late Monday. Prime Minister Lawrence Wong last month unveiled a S$155 billion ($122 billion) budget to help Singapore navigate a “more dangerous world,” marked by technological challenges and trade fractures. The premier has made AI a key plank in his economic strategy and pledged there’ll be “no jobless growth” amid this push.
Japan’s 10-year government bond auction drew stronger demand than its 12-month average, calming investor nerves amid a widening conflict in the Middle East. The bid-to-cover ratio at Tuesday’s sale was 3.3 compared with 3.02 at the last auction and a 12-month average of 3.23. Japan’s bond futures held their losses after the auction. The 10-year bond yield is trading lower than it was at the previo...
Japan’s 10-year government bond auction drew stronger demand than its 12-month average, calming investor nerves amid a widening conflict in the Middle East. The bid-to-cover ratio at Tuesday’s sale was 3.3 compared with 3.02 at the last auction and a 12-month average of 3.23. Japan’s bond futures held their losses after the auction. The 10-year bond yield is trading lower than it was at the previous auction of the tenor in February. Oil extended its gains as the US and Israel stepped up their war against Iran, while Tehran threatened a full closure of the Strait of Hormuz. Investors are watching to see how geopolitical risks impact the Bank of Japan’s rate-hike path as well as Prime Minister Sanae Takaichi’s efforts to ease cost-of-living pressures. Japanese bonds rose on Monday on haven demand, but fell on Tuesday as concerns over inflation emerged amid elevated crude prices. The market has been trying to interpret Takaichi’s stance on rates hikes since her historic election victory last month. The leader last week nominated two new BOJ policy board members who are seen as dovish and supporters of reflationary policy. BOJ Deputy Governor Ryozo Himino refrained from dropping any clear hints of an imminent interest rate increase in a speech on Monday, and said he is closely monitoring the situation in the Middle East. Overnight index swaps are showing about a 65% chance of a rate hike by April. Meanwhile, Treasury yields soared on inflation worries and traders pared bets on how deeply the Federal Reserve will lower interest rates this year. The yen also weakened past the 157 level against the dollar. Attention now turns to a 30-year bond auction on Thursday that will serve as a key test of investor demand for super-long debt amid worries about fiscal policy.
Abstract Aerial Art/DigitalVision via Getty Images Meren Energy ( MRNFF ) is not the operator of any of its joint ventures. As such, it does not control its rate of growth or shrinkage. This article updates for the latest earnings and any progress on major projects from the last article . Instead, this company needs a fair amount of financial flexibility at all times in case cash is needed to part...
Abstract Aerial Art/DigitalVision via Getty Images Meren Energy ( MRNFF ) is not the operator of any of its joint ventures. As such, it does not control its rate of growth or shrinkage. This article updates for the latest earnings and any progress on major projects from the last article . Instead, this company needs a fair amount of financial flexibility at all times in case cash is needed to participate in the drilling campaigns scheduled by the operator. But that made the cash paydowns of the debt very important because it increased financial flexibility when the drilling campaign resumed . The company announced the resumption of the drilling campaign, probably towards the end of fiscal year 2026. That likely means that debt repayments will continue to provide as much financial flexibility as possible. Nigeria Nigeria is currently the source of all cash flow. This is also the current source of cash needs (at least the major cash needs). Nigeria Summary Of Joint Venture Opportunities (Meren Energy Fourth Quarter 2025, Corporate Presentation) The latest earnings report mentioned that the process for obtaining a rig was underway. These offshore wells are fairly expensive. The last drilling campaign caused the company to use a large part of its financial flexibility. It is therefore important for the company to create as much financial flexibility as possible so that the company can participate in whatever the operator chooses to do. As shown above, there are a fair number of low-risk possibilities (as well as a higher-risk exploration well or two). As fiscal year 2026 unfolds, we will have to see what the details of this particular drilling campaign are. At this stage of the development, operators usually mix lower-risk development opportunities with higher-risk exploration opportunities to come up with a drilling strategy that has a satisfactory overall risk level. While the latest guidance does expect a production decline, the proposed drilling campaign should reco...
Typically concerned with local issues, residents at town meetings in Vermont and elsewhere increasingly use the forum to debate polarizing national and international events. (Image credit: JOSEPH PREZIOSO)
Typically concerned with local issues, residents at town meetings in Vermont and elsewhere increasingly use the forum to debate polarizing national and international events. (Image credit: JOSEPH PREZIOSO)
Late Monday, Amazon.com, Inc. (NASDAQ:AMZN) Web Services said drone strikes tied to the escalating Middle East conflict caused significant structural damage at facilities in the United Arab Emirates and Bahrain. Drone Strikes Damage AWS Infrastructure In UAE And Bahrain AWS said two of its three Availability Zones in the UAE region (ME-CENTRAL-1) were directly struck, while a nearby drone strike i...
Late Monday, Amazon.com, Inc. (NASDAQ:AMZN) Web Services said drone strikes tied to the escalating Middle East conflict caused significant structural damage at facilities in the United Arab Emirates and Bahrain. Drone Strikes Damage AWS Infrastructure In UAE And Bahrain AWS said two of its three Availability Zones in the UAE region (ME-CENTRAL-1) were directly struck, while a nearby drone strike in Bahrain (ME-SOUTH-1) damaged one facility. The company said the attacks led to "structural damage," power disruptions and fires that required suppression efforts, causing additional water damage. The outages have affected services including Amazon EC2, Amazon S3, Amazon DynamoDB, AWS Lambda and Amazon RDS, with customers reporting elevated error rates and degraded availability. Prolonged Recovery Expected Amid Ongoing Conflict In its latest update at 4:19 PM PST, AWS said restoration efforts are underway but cautioned that recovery will be "prolonged given the nature of the physical damage involved." The company added that while teams are repairing infrastructure, they are also deploying software-based mitigations to restore data access and reduce service errors. "Our focus on restoring Amazon S3 and Amazon DynamoDB is deliberate," AWS said, noting that recovery of those foundational services would enable other dependent services to rebound more quickly. AWS Urges Customers To Activate Disaster Recovery Plans The company warned that the broader operating environment in the Middle East "remains unpredictable." It urged customers to back up data and consider migrating workloads to alternate regions in the U.S., Europe or Asia Pacific. Price Action: Amazon shares fell 0.77% Monday to close at $208.39. In after-hours trading, the stock slipped another 0.47% to $207.42, according to Benzinga Pro. AMZN scores strongly on Quality in Benzinga's Edge Stock Rankings, but the stock remains in a downtrend across short, medium and long-term time frames. Disclaimer: This content was pa...