Macquarie european infrastructure fund

The charred pieces of rubber tyres lie all over the place, the battered internal roads with uneven margins and the clogging drains present a picture of gross neglect. This is the sprawling industrial area in Guntur, the Auto Nagar and the Industrial Development Area, spread over 275 acres and consisting of about 3,000 plots. The Auto Nagar located adjacent to National Highway No. 5 should have witnessed rapid development considering the proximity to the highway, but has lagged behind similar industrial development areas in the State. There are no internal roads, the drains are incomplete and worse there is no water connectivity to the industrial area, where close to 10,000 workmen spend the better part of their lives. Piles of garbage lie unattended on the roads posing a potential health hazard to scores of workers. Except for a 100 feet road laid two years back connecting the Mangalagiri road to the phase 3 and phase 4 and two high mast light poles, nothing significant has been … [Read more...] about Auto Nagar at Guntur cries for attention

Republican Congressman Thomas Massie has claimed on Twitter the federal government has spent more on Ukraine in the past six months than it has on road infrastructure annually. Massie was one of 57 members of the House of Representatives who voted against the package, which was later blocked in the Senate by one dissenting vote from Senator Rand Paul . It is still widely expected to pass later this week. The member for Kentucky took to Twitter to justify the grounds for his vote by comparing the U.S.' recent aid spend on Ukraine against its annual commitment to domestic infrastructure. The Claim House Rep Thomas Massie (R-KY) tweeted about his reasoning for voting against the $40 billion aid package for Ukraine on Tuesday, May 10. In the tweet, Massie claimed that Congress had spent more on Ukraine in the past six months than it spends on U.S. road and bridges infrastructure annually. In an emailed response to Newsweek , Massie clarified the tweet: "The … [Read more...] about Fact Check: Did Congress spend more on Ukraine than U.S. roads and bridges?

Army vehicles were so decrepit that repair crews were stationed roughly every 15 miles. Some officers were so out of shape that the military budgeted $1.5 million to re-size standard uniforms. That was the Russian military more than a decade ago when the country invaded Georgia, according to the defense minister at the time . The shortcomings, big and small, were glaring enough that the Kremlin announced a complete overhaul of the military to build a leaner, more flexible, professional force. But now, almost three months into Russia’s invasion of Ukraine, it is clear the Kremlin fell woefully short of creating an effective fighting machine. Russian forces in Ukraine have underperformed to a degree that has surprised most Western analysts, raising the prospect that President Vladimir V. Putin’s military operation could end in failure. By any measure, despite capturing territory in the south and east, the Russian military has suffered a major blow in Ukraine. It has been … [Read more...] about Russia Planned a Major Military Overhaul. Ukraine Shows the Result.

Twenty years after the United States invested blood and treasure in liberating Iraq from the rule of Saddam Hussein, China is attempting to lock up control of Iraq’s oilfields. The Western intervention in Iraq was denounced by critics as a “war for oil,” but in the end, the great authoritarian menace of the 21st Century is close to taking control of Iraq’s energy resources. Reuters reported on Tuesday that Iraq’s oil ministry has repelled three attempts by Chinese firms to gain control of the country’s petroleum resources. If China had succeeded, it might well have triggered an “exodus of international oil majors” that would leave Iraq open to a more extensive takeover by Beijing: Since the start of 2021, plans by Russia’s Lukoil (LKOH.MM) and U.S. oil major Exxon Mobil (XOM.N) to sell stakes in major fields to Chinese state-backed firms have hit the buffers after interventions from Iraq’s oil ministry, according to Iraqi oil officials and industry executives. … [Read more...] about Two Decades After Iraq War Began, China Colonizes Iraq’s Oilfields

The U.S. Senate voted overwhelmingly to advance a new aid package for Ukraine worth around $40 billion on Monday after passage of the measure was delayed last week . Senators voted 81 to 11 in favor of advancing Additional Ukraine Supplemental Appropriations Act of 2022, but this may be just the first of three procedural votes required. All 11 senators who voted against advancing the aid package were Republicans , while a bipartisan group of eight senators were recorded as not voting on Monday. The senators who voted no were: Marsha Blackburn of Tennessee, John Boozman of Arkansas, Mike Braun of Indiana, Mike Crapo of Idaho, Bill Hagerty of Tennessee, Josh Hawley of Missouri, Mike Lee of Utah, Cynthia Lummis of Wyoming, Roger Marshall of Kansas, Rand Paul of Kentucky and Tommy Tuberville of Alabama. The aid package passed the House of Representatives with overwhelming bipartisan support on May 10 and was opposed by just 57 Republican members. Senate Majority … [Read more...] about Full list of 11 GOP senators who voted against Ukraine aid

The story so far: At least 239 barriers – a record figure – were removed from rivers across 17 countries of Europe, the 2021 Dam Removal Progress report has revealed. This is a 137 per cent increase from the previous year. A total of 4,984 dams have been removed so far, according to data from nations across Europe —France, Sweden, Finland, Spain, Scotland, Denmark, Portugal, Italy, Switzerland, Estonia, Germany, and England and Wales, What is the Dam Removal Progress report 2021? The Dam Removal Progress report has been prepared by Dam Removal Europe (DRE), an organisation that aims to restore rivers in the continent that have high cultural or natural importance. It is a coalition of seven organisations – World Wildlife Fund, The Rivers Trust, The Nature Conservancy, the European Rivers Network, Rewilding Europe, Wetlands International, and the World Fish Migration Foundation. The report serves as a means for European countries to evaluate EU policies and track the progress … [Read more...] about Explained | The 2021 Dam Removal Progress report and why removing obsolete river barriers is important

In the tragic, whirlwind year of 2020, with racial-justice protests prompted by the killing of Black men and women by police officers, the Black Lives Matter Global Network Foundation raised $90 million, much of it small donations from rank-and-file supporters of its cause. A recent tax filing from the group shows that by the middle of last year, more than half of that money had been granted to local organizations or spent on consultants and real estate, leaving the foundation with $42 million in assets. The foundation’s finances have been subjected to criticism from both sides of the political spectrum. Many local groups that are part of the Black Lives Matter movement have called for more transparency and a greater role in decision making, as well as more money for the organizations led by activists on the ground. At the same time, opponents of the broader cause have tried to portray spending by one of the group’s founders as evidence of widespread mismanagement in a manner that … [Read more...] about After raising $90 million in 2020, Black Lives Matter group now has $42 million in assets.

KUALA LUMPUR: Reservoir Link Energy Bhd has formed a 51:49 joint venture (JV) with ADS Asset Holdings Sdn Bhd (AAH) to jointly co-fund, construct and develop energy storage solutions. In a statement, the energy-related services provider said it had entered into a JV and shareholder agreement with AAH. Under the agreement, both parties have agreed to treat RL ADS Power Sdn Bhd as a JV company with Reservoir Link having the majority stake of 51% and AAH with the remaining 49%. Energy storage solutions aim to reduce wastage and inefficiency from energy generated through renewable energy infrastructures. “As we continue to make strides in growing our renewable energy segment, we are excited to announce the next phase of our journey spearheaded by our involvement in energy storage solutions along with AAH,” executive director Thien Chiet Chai said. “With the adoption of renewables growing ever so rapidly, it is only natural that green technologies such as energy storage … [Read more...] about Reservoir Link forms 51:49 JV with ADS Asset

U.S. sanctions have already shaken Russia's currency and markets but now the economic turmoil is set to engulf one of the American experiences most readily availble to Russians—eating at McDonald's. The latest round of sanctions against Kremlin-friendly businesses caused turmoil on the Moscow stock exchange earlier this month and tanked the ruble , in a drop resembling the start of Russia's economic crisis in 2014. One unintended casualty of sanctions may be the supply of french fries in McDonald's restaurants across Russia, who all import potatoes from abroad, as local ones have never been up to scratch. "There was no potato which would suit us in terms of quality—color, taste, size—these are all the details that are important for us," Khamzat Khasbulatov, chairman of McDonald's Russia, told Reuters . The fast food chain has been operating in Russia since 1990, and has repeatedly moved to substitute some ingredients with local produce, but with potatoes this has proven … [Read more...] about Moscow McDonald’s French Fries go Russian as ruble tumbles