Oz Blog News Commentary

A couple of Adani updates and other news and views

February 24, 2018 - 23:36 -- Admin

Adani May Sell Stake in Carmichael Coal Mine Amid Funding Delay - Bloomberg

The battle to build one of the world’s biggest coal mines has suffered a fresh setback after Adani Enterprises Ltd. conceded it would fail to meet a March deadline to arrange A$3 billion ($2.3 billion) in financing for the project. The December decision by the Queensland government to veto Adani’s A$900 million funding bid for a rail line meant financing would require more time to be secured, an Adani Australia spokeswoman said by phone Thursday. The Indian conglomerate said it will also consider selling a minority stake in its Carmichael project without providing further details.

Adani abandons funding deadline for his Australian mine - National Herald (India)

While the Adani Group struggles for funds for its Australian mine, the Indian company committed an investment of ₹35,000 crore (approx $5 billion) in various projects in Uttar Pradesh

Watch Out, Airlines. High Speed Rail Now Rivals Flying on Key Routes - Bloomberg

In Asia and Europe, super-fast locomotives are comparable to air travel in price and door-to-door speed.

Did Oxfam donors know they were funding a lefty think tank? - The Spectator

But if the result of the Oxfam scandal is to divert cash from big, smug, mismanaged multinational charities to smaller local projects that are easier to scrutinise and whose social impacts are more easily measured, then so much the better.

Why Vienna remains a renter’s paradise - Financial Times

Roughly 80 per cent of Viennese are renters — with more than half the city’s residents living in government-owned social housingNew housing is still needed — though the city is at risk of losing its Unesco status over planned 66-metre tower

As Washington Gears Up To Tackle Foreign Influence, How Effective Can It Be?

Following last Friday's indictment against 13 Russians and three Russian entities that charged them with the social media agitation aspect of the Russian interference campaign, leaders in Washington, D.C., say they want even broader preparations to defend against cyber-chaos.

The Return of the Irish Question - Project Syndicate

Over the last 20 years, the UK and Ireland have reaped the fruits of a mutually respectful and peaceful relationship. But, with Northern Ireland's power-sharing government having broken down, and Brexit raising questions about a potential hard border between the UK and Ireland, the historic Good Friday Agreement may be at risk.