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MOL completes carbon insetting pilot from net zero voyage

Japan’s Mitsui O.S.K. Lines (MOL) has completed an insetting pilot with 123Carbon by tokenising the GHG emission reductions from the net zero voyage fuelled by bio-methanol. This allows MOL to allocate the GHG emission reductions from the use of bio-methanol to customers considering Scope 3 reductions from maritime transport services, based on the Market-Based Measures Accounting Framework published by the Smart Freight Centre, a global non-profit organization for climate action in the freight sector. The first such net zero voyage was completed by the Cajun Sun which departed from Geismar in the US on January 17 last year and arrived in Antwerp, Belgium on February 4, 2023. Customers that have been allocated tokens can claim the GHG emission reductions and have access to the reduction-related data like vessel names, reduction methods, bunker date of low emission fuel, emission factors used in reduction calculations, and name of third-party verifier on the platform. These mechanisms, which 123Carbon provides the tools to ensure the reliability and transparency of the GHG emission reductions allocated to customers. “This initiative is categorized to be carbon insetting which promotes decarbonization within the supply chain. The Market-Based Measures Accounting Framework provides a standard framework for companies to rely on when expanding their insetting programs, in response to growing demand for insetting in the transport sector, including shipping,” said Christoph Wolff, CEO of Smart Freight Centre. MOL stated that its carbon insetting initiative is a significant step forward towards achieving the net zero target in the shipping industry because it has one of the world’s largest fleets.

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Court adjourns D1M theft suit against woman 

The accused, Ms. Gaye is standing trial on alleged stealing by an agent contrary to Section 260(d) of the Criminal Code Cap 10:01 Volume III Revised Laws of The Gambia and has been in remand since but claimed to have health complications. The accused is said to have undergone surgery about two weeks ago and she has been going to doctors for appointments. Accordingly, Prosecutor Jallow applied for an adjournment since the accused was taken to Edward Francis Small Teaching Hospital (EFSTH) in Banjul for a medical checkup. “I sent my junior, the orderly officer this morning to bring her to court but I was told that the accused was unwell and had a doctor’s appointment this morning therefore she couldn’t appear today for a hearing,” Prosecutor Jallow told the court. However, the defence council reapplied for the accused’s bail conditions to be reviewed since her health was deteriorating but Principal Magistrate Sallah Mbaye told him that the court had granted the accused bail. However, she could not meet the requirements thus she ordered the defence lawyer to apply formally by writing to the court and the court would look at the application and then the prosecutor would react to it.

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Gardai track down man who escaped from courthouse and was on the run for a week

A DEFENDANT who escaped from a courthouse in the city and had been on the run for a week has been arrested. The man absconded while in the custody of gardai in Limerick Courthouse on Mulgrave Street last Thursday, February 8. READ MORE: WATCH: Blaze sparks traffic chaos in Limerick His freedom was short-lived as a garda spokesperson confirmed: “The male has been arrested and is currently in garda custody.” It is understood the accused was being taken from the circuit court to the district court when he bolted, ran down the stairs and out the front door of the courthouse. Gardai gave chase but the accused made good his escape, until now.

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Evidence about Bolsonaro’s alleged coup plotting meetings mount — MercoPress

Evidence about Bolsonaro’s alleged coup plotting meetings mount Brazil’s Federal Police (PF) said Wednesday that it had managed to corroborate Lt Col Mauro Cid’s allegations about former President Jair Bolsonaro’s alleged coup meetings during which would have discussed a plan with the military brass ahead of the Jan. 8, 2023, uprising in Brasilia. These encounters reportedly took place at the Alvorada Palace while Bolsonaro was still in office and at a house in Lago Sul, Brasília, which functioned as campaign headquarters for the 2022 elections. The PF said it was able to obtain concrete evidence of Bolsonaro’s meetings with Filipe Martins and other military personnel involved in the coup attempt. Investigators cross-checked cell phone location data and government agenda records with Mauro Cid’s accounts in the plea bargain. “The process of validating the information presented in the collaboration advanced in identifying elements that corroborated the existence of meetings between then-President Jair Bolsonaro and Filipe Martins, the commanders of the Armed Forces and the Minister of Defense to deal with the consummation of the coup,” said the PF. The breach of Bolsonaro’s bank secrecy showed a foreign exchange operation worth R$ 800,000 (US$ 161,492.24 at the current exchange rate) as part of the investigation into the illegal sale of jewelry and gifts from the Presidency of the Republic by Mauro Cid, at Bolsonaro’s behest. “It is evident that then-president Jair Bolsonaro, at the end of his term, transferred all his assets and financial resources, illicit and licit, to the United States, with the aim of ensuring his permanence abroad, possibly awaiting the outcome of the attempted coup d’état that was underway,” the PF noted. In the meantime, Bolsonaro’s legal team filed Wednesday for the return of the retired Army captain’s passport which was surrendered earlier this week at the request of Supreme Federal Court (STF) Justice Alexandre De Moraes. As he is, Bolsonaro may only travel without a passport to countries bordering Brazil using his identity card. De Moraes’ measure also included the arrest of two of Bolsonaro’s allies, including Party Chairman Valdemar Costa Neto. With seven cases against him and disenfranchised from all political activities until 2030, Bolsonaro called on his followers to stage a rally on Sunday, Feb. 25, on São Paulo’s Paulista Avenue. “I want to defend myself against all the accusations that have been made against me in recent months,” said Bolsonaro, who noted that the rally will be “peaceful.” “On the last Sunday of February, February 25, at 3 p.m., I will be on Paulista Avenue in a peaceful act in defense of our democratic rule of law,” said the former president (2019-2022) in a video message posted on his social networks while requesting his followers to wear green and yellow clothing.

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Kellas splash out to become Run Garioch’s new water station sponsors

Kellas of Inverurie have become the latest local firm to give their valued support to Run Garioch, the Garioch Sports Trust’s biggest fundraiser, as the event’s new water station sponsor. The two-year partnership will see the Solicitors and Estate Agentscy provide funding for the purchase of water and recyclable paper cups for the May event’s four water stations and two finish areas. Run Garioch eliminated all single-use plastic water bottles from their race routes in 2022, and encourages runners to bring their own where possible. Volunteers for the water stations will continue to be provided by Community Integrated Care (formerly Inspire PTL), in one of Run Garioch’s longest-standing charity partnerships. This year will be Kellas’ first as a sponsor of Run Garioch. In previous years the firm gave their support to the event as a local business patron. Run Garioch has grown from a 400-finisher 10K in 2005 to a major community event with six races, dozens of volunteers from local charities and thousands of runners. Elizabeth Forsyth, partner at Kellas said: “We are very pleased to be sponsoring such a fantastic, local event on the running calendar. Run Garioch motivates runners of all abilities and we are happy to help keep them hydrated!” Graham Morrison, Run Garioch’s Race Director, said: “We are absolutely delighted to welcome Kellas for the first time as an event sponsor.” “Reducing Run Garioch’s environmental impact both locally and globally is extremely important to us. Kellas’ significant contribution to this year’s event as well as next year’s will help us continue to do just that. “Their support will also help us make sure our runners and first-aid professionals have access to water when and where they need it most.” Do you want to respond to this article? If so, click here to submit your thoughts and they may be published in print.

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Falklands’ Borders & Southern Petroleum with new CEO at end of the month — MercoPress

Falklands’ Borders & Southern Petroleum with new CEO at end of the month Falkland Islands oil exploring company, Borders & Southern Petroleum plc announced that Howard Obee has informed the Board that he intends to stand down as Chief Executive Officer. As one of the co-founders, he has led the Company for nearly 20 years, delivering exploration success, including the Company’s Darwin gas condensate discovery. The Board announced that Harry Baker, aged 48 will assume the role of Chief Executive Officer from 1 March 2024. Harry has nearly 24 years of capital markets experience from previous roles with Auctus Advisors, GMP First Energy, Mirabaud Securities and Canaccord Capital. Harry brings a wealth of experience in the Natural Resources sector. Howard has agreed to stay on until 29 February 2024 to support the transition to the new leadership. ”As one of the co-founders, (Obee)has led the company for nearly 20 years, delivering exploration success, including the company’s Darwin gas condensate discovery,“ said Borders & Southern. Non-Executive Chair Harry Dobson commented: ”The technical work undertaken by Howard and his team in opening up a new basin is second to none, and both I and the board are grateful for all he has done to progress the Darwin discovery to this point. I sincerely believe that the South Falklands Basin will achieve recognition as a world-class hydrocarbon system and he can be proud of what he has achieved in his time with the company.”

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Adele comes under fire for sky-high ticket prices ahead of sold-out Munich residency

Adele’s Munich concert ticket prices are stirring up quite the storm online. Last week, an astonishing 260,000 fans virtually queued for hours, hoping to snag affordable seats for her upcoming summer residency in Germany. Now, with only VIP tickets left, priced at a jaw-dropping £615 for prime standing spots and perks like early entry and swag, fans are feeling put out. The premium seat package came with a hefty price tag of £984, while the least expensive ticket, priced at £60, quickly sold out at the purpose-built outdoor arena. On X (formerly Twitter), fans are crying foul, calling the prices “criminal” and bemoaning the struggle for “regular people to see artists live” One frustrated fan wrote: “Adele ticket prices are looking insane already why are these artists making it so difficult for regular people to go see them live.” A third shared: “I’m sorry but the Adele prices are out of pocket.” Echoing many others sentiments, a fan commented: “I was thinking i could go see Adele but the prices are too crazy. “Like I’d rather go on vacation with that money just not worth it to me.” Due to overwhelming demand, the Hello singer has already tacked on four additional dates to her August schedule, bringing the total to 10 shows. Her Munich shows mark her first European gigs since 2016. She is set to take to the open-air arena, which will accommodate 80,000 fans each night, on August 2, 3, 9, 10, 14, 16, 23, 24, 30, and 31. Announcing the shows on her Instagram, the 35-year-old said “Guten Tag babes” to her European fans adding that she “couldn’t think of a more wonderful way to spend my summer”. She wrote on Instagram: “So a few months ago I got a call about a summer run of shows. I’ve been content as anything with my shows in London’s Hyde Park and my residency in Vegas, so I hadn’t had any other plans. “However, I was too curious to not follow up and indulge in this idea – a one off, bespoke pop-up stadium designed around whatever show I want to put on? Ohh!? “Pretty much slap bang in the middle of Europe? In Munich? That’s a bit random, but still fabulous! Right after the Euros? Come on England! With the Olympics next door? Go on Simone! And some of my favourite artists playing shows too? Why…YES!! “I haven’t played in Europe since 2016! I couldn’t think of a more wonderful way to spend my summer and end this beautiful phase of my life and career with shows closer to home during such an exciting summer. Guten Tag babes x” Adele returned to the Vegas stage earlier in January for the final leg of her run which ends in June.

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What is behind the UK’s fall into recession and what does it mean?

The UK fell into recession at the end of 2023 after a bigger-than-forecast contraction in the final three months. The data from the Office for National Statistics (ONS) estimated that gross domestic product (GDP) fell by 0.3% in the fourth quarter, following a decline of 0.1% in the previous three months. It marks the first time the UK has entered recession since the first half of 2020, when the initial Covid-19 lockdown sent the economy plunging. Here we look at what the implications are of the recession for the economy and the Government as it heads into a general election: What is a recession? A recession is defined by two or more quarters in a row of falling gross domestic product (GDP). The UK was therefore declared in a technical recession after the ONS revealed the fall in GDP between October and December, following a 0.1% drop in the previous three months. Why is the UK in recession? The recession comes after households and businesses were battered by ongoing cost pressures and a lengthy run of interest rates that took Bank rate to 5.25% – the highest level since 2008. This heaped further cost pain on millions of mortgage borrowers, with all but the most in need seeing no energy bill or cost of living support this winter from the Government. It has led to a spending clampdown, which has hit the housing market and consumer-facing sectors hard. Construction firms, retailers and hospitality companies are among those that have suffered the most in recent months. Is the economy in dire straits? The fourth quarter contraction was worse than the 0.1% fall pencilled in by most economists and was also the biggest drop since the first three months of 2021, at the height of the pandemic. Across the year as a whole, the economy grew, but by an anaemic 0.1%, down from 4.6% growth in 2022 and – when stripping out the pandemic-hit plunge seen in 2020 – the weakest expansion since the aftermath of the financial crisis in 2009. But economists have been quick to point out that it is likely to be a recession in the mildest of senses and could prove short-lived. They have said that it is more accurate to describe the economy as having “stagnated”, having limped along close to zero for much of last year. There are also signs of resilience elsewhere in the economy, with the jobs market proving robust and wages having outstripped inflation for five months in a row. Figures earlier this week showed the unemployment rate dropping to 3.8% in the three months to December, while inflation also held steady at 4% in January, against expectations for a rise. What does a technical recession mean for the Government? The figures deal a blow to Prime Minister Rishi Sunak, who has promised to grow the economy as one of his five priorities. It could not come at a worse time for the Government, ahead of an impending general election. Chancellor Jeremy Hunt has said the recession comes off the back of high inflation and the recent run of interest rate rises, but insisted the economy was now turning a corner. Does it mean interest rate cuts are imminent? It is likely to reinforce the case for the Bank of England to start cutting interest rates in 2024, given the threat to the wider economy from painfully high borrowing costs. But many are unclear whether the first cut will come before the summer. ING experts are not predicting a cut until August, while others think it could come in May or June. Inflation is still double the Bank’s 2% target and policymakers will want to ensure it continues to head lower before bringing rates down. What is the outlook for the economy in 2024? Economists have stressed it is not all doom and gloom for the economy, with many predicting a return to growth in the first quarter of 2024. And Bank boss Andrew Bailey said on Wednesday, ahead of the GDP data, that the economy was beginning to pick up. Investec economist Ellie Henderson said: “The UK may have been in a recession at the end of last year, but the outlook for the economy is brighter across 2024.”

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Chancellor Jeremy Hunt ‘lines up deep public spending cuts’ so he can slash taxes ahead of the…

Jeremy Hunt is ready to make billions of pounds of spending cuts in order to slash taxes ahead of the general election, it has emerged. The Chancellor has repeatedly talked up the prospect of tax cuts prior to next month’s Budget as the Tories look to reverse their dire poll ratings among voters. But Mr Hunt has been warned he may have little room for manoeuvre due to the impact of a recent surge in Government borrowing costs on the public finances. Treasury insiders revealed, should there be little fiscal headroom available at the Budget on March 6, the Chancellor could instead look at ‘further spending restraint’ after 2025 to fund tax cuts. Mr Hunt this morning said his upcoming Budget would ‘prioritise economic growth’ after the UK economy slumped into recession at the end of last year. At the Autumn Statement in November, when Mr Hunt cut National Insurance, the Chancellor was judged to have had £13billion of fiscal headroom left. Yet a rise in the cost of Government borrowing could have wiped billions of pounds off the headroom figure since the start of the year. A Treasury insider told the Financial Times: ‘It doesn’t look like the Chancellor will have as much space for tax cuts compared to last autumn. ‘So senior folk internally are starting to look at further spending restraint and productivity gains in the future if the numbers move against us again. ‘It is a tough call, but it isn’t clear whether there will be easier alternatives.’ The newspaper reported Treasury officials are considering a reduction in projected spending rises to about 0.75 per cent a year, which would release £5billion to £6billion for tax cuts. But economists have already poured scorn on Mr Hunt’s current plans for a 1 per cent annual real terms increase in public spending until 2029, which they have warned implies serious cuts to already-stretched public services. Richard Hughes, the head of the Office for Budget Responsibility, last month suggested Mr Hunt’s spending plans were a ‘work of fiction’. Torsten Bell, chief executive of the Resolution Foundation, told the newspaper: ‘Taking a fiscal fiction and making it even more fictional doesn’t deal with the underlying problem facing us after the election.’ Outlining a further squeeze to public spending in the coming years would also likely set up a fresh political battle between Mr Hunt and Labour. Sir Keir Starmer’s party has already accused the Tories of pursuing a ‘scorched earth’ approach to the public finances in order to leave an incoming Labour government with little room for manoeuvre. Despite both him and Prime Minister Rishi Sunak having repeatedly talked up the prospect of tax cuts at next month’s Budget, Mr Hunt today refused to confirm what action he was planning on March 6. He told Sky News: ‘You will know that Chancellors don’t talk about budgets just a few weeks before and that is for a very good reason, because I don’t yet know the final numbers that I will receive from the OBR.’ The Chancellor suggested that countries with ‘lighter taxes’ did ‘tend to grow faster’, but added: ‘I would only cut taxes in a way that was responsible, and I certainly wouldn’t do anything that fuelled inflation just when we are starting to have some success in bringing down inflation.’ Asked if such cuts could come at the expense of cutting public services, Mr Hunt replied: ‘I am a passionate supporter of the NHS and all our public services, but in the long-run the best thing that I can do as Chancellor for the NHS is to make sure that our economy is growing healthily. ‘So what you will see in everything I do in the Budget on March 6 is prioritising economic growth.

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Gardening expert reveals ‘cat repelling’ plant that will make felines ‘run for a mile’ away from…

While cats are loyal and loving companions, not everyone wants a feline prowling around their garden. The popular pets are known to mark their territory by urinating, which can damage plants that keen horticulturalists may have put a lot of effort into growing. Thankfully for anyone wanting to keep cats away from their home, a gardening expert has shared a ‘cat repelling’ plant that helps to keep them away from your garden. Speaking in a YouTube video for LoveTheGarden, British gardening expert Suzanne Hall said there is a particular herb that forces cats to ‘run a mile’. This plant – coleus canina – is a variety of herb from the mint family Lamiaceae and has been nicknamed the ‘scaredy-cat plant’ due to its ability to scare off cats and dogs. This is because it contains leaves and flowers that are sticky to the touch and have a scent, similar to Eucalyptus, which cats and dogs dislike. In the event this does not work, Ms Hall also shared some others natural hacks that could be of use to keep cats away from your garden. She said that adding ground black pepper to hot water in a spray bottle, shaking it and spraying it near plants is effective because cats dislike the strong smell and the substance is safe to use on flora. The expert said that lavender also works, thanks to its similarly potent odour. Speaking in a YouTube video for LoveTheGarden, Suzanne Hall said there is a plant that forces cats to ‘run a mile’ (stock image) It comes after a grumpy neighbour’s letter complaining about cats roaming around and defecating on their property has won the support of locals. The note was shared on the community Facebook page for Moreton Bay, North of Brisbane, earlier this week after a resident received it in their mailbox. ‘Dear neighbour. If you have a cat that likes to roam, please keep it inside,’ the note read. ‘There have been two cats on our property recently (1 black, 1 grey), and they have been defecating where our children play. ‘Today, there was a poo on our stairs. If this continues, we will be getting a trap from the council and taking the cat(s) to the pound. Thanks.’ The missive won support from local residents, with one writing: ‘The letter is respectful, and the cat owner should be as well.’ A second added: ‘I think this letter is polite and non-offensive, and if I were them, I’d be beyond frustrated that I had to clean up after someone else’s pet.

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