Ocean County to vote today on $16M in capital pet projects with no funds for homelessness response they created
TOMS RIVER, N.J. — The Ocean County Board of Commissioners is set to vote today on over $16 million in capital improvement ordinances, funding a range of infrastructure projects across the county.…
Toms River Mayor Hires Powerbroker Attorney to Fight Hi-Rise Projects
TOMS RIVER, NJ – Newly elected Mayor Daniel Rodrick rode a tidal wave of anti-development sentiment last year, defeating incumbent republican Maurice “Mo” Hill in a landslide primary victory. Rodrick went on…
U.S. Treasury approves $228 million for New York state internet projects
WASHINGTON (Reuters) – The U.S. Treasury said on Monday it had approved more than $228 million in funding for high-speed internet projects in New York state from the COVID-era American Rescue Plan’s…
South Korea to step up monitoring of real estate projects
SEOUL (Reuters) – South Korea’s financial authorities will step up monitoring of real estate projects, the finance ministry said in a statement on Friday. There are lingering concerns over real estate projects,…
China identifies second set of projects in $140 billion spending plan
SHANGHAI (Reuters) – China’s top planning body said on Saturday it had identified a second batch of public investment projects, including flood control and disaster relief programmes, under a bond issuance and…
CBO projects 1.5% U.S. GDP growth in 2024, 4.4% jobless rate
(Reuters) – The Congressional Budget Office projects U.S. economic growth to slow to 1.5% in 2024, with the unemployment rate seen rising to 4.4% next year from what it estimates will be…
U.S. Allocates $110 Million for Wildlife Crossing Projects to Reduce Road Collisions
WASHINGTON, DC – The U.S. Department of Transportation is distributing $110 million to support 19 projects across 17 states, aimed at minimizing wildlife-related car accidents and facilitating safe animal crossings. These initiatives…
Chile mining body says new lithium projects needed beyond SQM, Albemarle
By Daina Beth Solomon and Fabian Cambero SANTIAGO (Reuters) – The head of one of Chile’s top mining associations on Tuesday urged the government to speed up efforts to expand the lithium…
New Enel CEO turns more cautious on renewable projects
By Francesca Landini and Giancarlo Navach MILAN (Reuters) -Italy’s Enel will focus its investments on power grids in the next three years and take a more cautious approach to spending on renewable…
BA-owner IAG projects medium-term operating margin of 12%-15%
LONDON (Reuters) – British Airways-owner IAG on Tuesday said it would see a medium-term operating margin of 12% to 15%, while its outlook for the 2023 financial year remained unchanged after strong…
German industrial projects in steel, chips, batteries at risk from court ruling -sources
BERLIN (Reuters) – German industrial projects in jeopardy after a court ruling wiped 60 billion euros from the federal budget include chip factories, decarbonised steel production, and expanding the battery supply chain,…
Exclusive-China orders local governments to cut exposure to public-private projects as debt risks rise, sources say
BEIJING (Reuters) – China has ordered its local governments to halt public-private partnership projects identified as “problematic” and replaced a 10% budget spending allowance for these ventures with a vetting mechanism by…
Governor Murphy Announces $51.9 Million for Preschool Facility Projects in Selected Districts
ATLANTIC CITY, NJ — Governor Phil Murphy, at the New Jersey Education Association Convention, has announced allocating $51.9 million in federal funds to New Jersey school districts to bolster preschool infrastructure. The…
GlobalFoundries projects profit above estimates in positive sign for chip market
(Reuters) – Contract chipmaker GlobalFoundries forecast fourth-quarter profit above analysts’ estimates on Tuesday, providing the latest sign that a supply glut in the semiconductor industry was easing. The company’s shares rose 4.5%…
Fallout Leading Offshore Wind Developer Pulls Plug On Two Projects
Leading Offshore Wind Developer Pulls Plug On Two Projects Nick Pope on October 31, 2023 A major offshore wind developer announced that it is cancelling two major developments on Tuesday evening. Orsted,…
Palantir projects revenue above estimates on demand for AI platform
By Arsheeya Bajwa and Chavi Mehta (Reuters) -Data analytics firm Palantir Technologies forecast fourth-quarter revenue above market estimates on Thursday, betting on strong demand for its new artificial intelligence platform from clients…
GOP Concerned Over Financial Fall Out in Murphy’s Failed Wind Energy Projects
TRENTON, NJ – Assembly Republicans are calling on Governor Phil Murphy to disclose the amount of taxpayer money spent on now-defunct offshore wind projects by Danish company Orsted. The demand comes in…
Offshore Wind Industry May Need a Federal Bailout to Continue Projects Like the One in New Jersey
WASHINGTON, D.C. – A bailout package for the beleaguered offshore wind industry may be on the horizon, according to energy industry and policy experts. Despite the Biden administration’s subsidies, high inflation, supply…
Biden Admin To Pour $3.5 Billion Into Electric Grid Projects That Benefit Pro-Dem Union
Biden Admin To Pour $3.5 Billion Into Electric Grid Projects That Benefit Pro-Dem Union Nick Pope on October 18, 2023 The Biden administration is spending nearly $3.5 billion to upgrade the nation’s…
U.S., UK and partners working on 15 critical minerals projects
By Eric Onstad LONDON (Reuters) – The United States and partners are working on 15 projects to secure supplies of critical minerals needed for electric vehicles and the energy transition, a senior…
US government shutdown would hit 2,000 long-term disaster recovery projects -White House
WASHINGTON (Reuters) – The White House warned on Thursday a partial shutdown of the federal government that could occur this weekend would delay nearly 2,000 long-term disaster recovery projects. A budget standoff…
Marriott projects upbeat revenue per room growth as travel demand stays strong
(Reuters) – Marriott International on Wednesday forecast two-year annualized global revenue per available room (RevPAR) growth of 3% to 6% by 2025, as the hotel operator expects resilient international travel demand. A…
Mercedes applies for tax relief for projects at two U.S. plants
BERLIN (Reuters) – German carmaker Mercedes-Benz has applied for tax breaks for potential projects at two of its U.S. plants under the Inflation Reduction Act (IRA), a company spokesperson said on Monday.…
Hochul Says 30,000 Electric Powered Heater Units Coming to NYC Housing Projects
Governor Kathy Hochul announced today that New York State is progressing with its Clean Heat for All Challenge, a joint venture among the New York Power Authority (NYPA), New York State Energy…
New Jersey Seeking to Give Extensions to Troubled Renewable Energy Projects
TRENTON, NJ – Legislators in Trenton are preparing for more bad news in the renewable energy sector. A bill being discussed will allow for the state to give extensions to solar projects…
Factbox-US offshore wind projects facing inflation headwinds
(Reuters) – The U.S. has no large-scale commercial wind farms in operation today, but President Joe Biden’s administration aims to have 30 gigawatt (GW) installed by 2030 to help decarbonize the power…
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