According to The Australian Financial Review, the Albanese government has approved two small gas projects off the coast of Victoria, as the ACCC warned that a supply buffer has shrunk due to more gas being shipped overseas.
The competition watchdog’s latest gas inquiry report said the projected gas surplus on the east coast had shrunk for the first quarter of next year, raising the possibility of Queensland LNG exporters needing to divert more uncontracted gas to the domestic market. The gas supply surplus in the east coast market is forecast to be between 12 and 27 petajoules in the first three months of 2025, down from the predicted surplus of 26 to 35 petajoules outlined in June. https://www.afr.com/companies/energy/new-gas-projects-approved-but-supply-buffer-shrinks-20240927-p5ke2e
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According to The Australian Financial Review, researchers in Japan say they developed a highly accurate method to detect early signs of pancreatic cancer using artificial intelligence (AI).
This form of cancer invariably proves fatal because it is notoriously difficult to detect in the initial stages, and there is no effective treatment once it has taken hold. A team from Kyoto University and medical equipment maker Arkray Inc. in Kyoto developed a tumor identification model via automated machine learning. “It offers a novel way to find pancreas cancer earlier without causing much damage to the body,” said team member Akihisa Fukuda, an associate professor of gastroenterology at Kyoto University. The next step for the researchers is to verify the effectiveness of the method on a more widespread scale so they can seek government approval to put the innovative test technique into clinical use. https://www.asahi.com/ajw/articles/15406618
According to The Australian Financial Review, Build-to-rent apartments comprise more than half of the forecast apartment supply coming into the Melbourne market in the next three years, despite commanding a premium of up to 26 per cent over the higher-end rental properties, property advisory firm Charter Keck Cramer says.
According to Charter Keck Cramer national executive director Richard Temlett, build-to-rent developers are in a better position to deliver supply compared with their peers developing build-to-sell projects. “Build-to-rent developers don’t need pre-sales to get funding, unlike those developing to sell, so they can deliver supply faster, although they would need to prove the viability of their projects to be able to raise capital,” he said. “While the strong rental demand will support the case for build-to-rent projects, lowering costs such as the tax imposed on foreign investors will speed up the delivery.” The supply of build-to-rent apartments in Melbourne is expected to increase, with 4650 to be completed in the next 12 months. An average of 4100 annually is forecast in the subsequent three years, according to Charter Keck Cramer. https://www.afr.com/property/residential/build-to-rent-apartments-to-dominate-melbourne-in-the-next-three-years-20240917-p5kb4z
According to The Jiji News, an organization jointly established by Jiji Press, The Japan Times Ltd. and others started accepting applications for the Traditional Japanese Culture Test, which will be held for the first time from November.
The test aims to support and develop Japan's traditional culture and industry through education. Applicants who score 70 pct or over will pass the test and receive a certificate. https://sp.m.jiji.com/english/show/35612
According to The Jiji news, Lawson Inc. and its owners, major trading house Mitsubishi Corp. and telecomuniations carrier KDDI Corp., said that they will open "future" convenience stores utilizing digital technology in Tokyo next spring.
The new stores, located in the Takanawa Gateway City complex in Tokyo's Minato Ward, will feature robots that can stock shelves and cook, as well as artificial intelligence signage that recommends products to customers. A booth will also be set up where customers can consult remotely on topics such as nursing care and asset management. https://sp.m.jiji.com/english/show/35569
According to The Australian Financial Review, Rio Tinto has bought 3000 hectares of grazing land near Townsville on which it plans to grow thousands of trees as the iron ore major pushes into carbon-neutral fuels.
About 750,000 pongamia trees will be planted on the property under a plan to harvest the seeds and refine their oils into a form of renewable diesel to power Rio’s trucks and generators. Rio believes carbon-neutral biofuels will play an important role in curbing emissions in the next decade, given the development of battery-powered mining equipment is expected to take longer than expected. https://www.afr.com/companies/energy/rio-tinto-moves-into-green-oil-20240909-p5k94z
According to The Australian Financial Review, Renewable energy reached a fresh record in its share of total electricity production in the week of 9th September, highlighting the progress still being made in Australia’s troubled energy transition but also exposing the challenges of eliminating carbon-polluting coal power.
The share of electricity generated by renewables reached an all-time high of 72.2 per cent in the half-hour leading up to midday on 9th September 2024, marginally bettering the previous high set in October last year. But some experts warn it may struggle to rise much further over the next few years until more coal power stations close. That’s because the coal generators, whose supply is still vital to keep the lights on when solar and wind resources subside, have to maintain minimum levels of operation around the clock. https://www.afr.com/companies/energy/renewables-record-tumbles-but-may-be-close-to-pause-20240911-p5k9ua
According to The Australian Financial Review, Labor’s hopes of building 1.2 million new homes in five years are fading, with the construction industry warning that the target put in place to address Australia’s chronic housing shortage has fallen further out of reach in the past six months.
Master Builders Australia has cut 53,000 homes from its pipeline forecast, warning long-standing problems such as slow planning and approval processes, rising materials costs and labour shortages have been exacerbated by persistently high interest rates that are stopping people from buying homes. MBA now forecasts Australia will build 1,033,962 homes over the five years to 2029, down from the 1,087,325 total it predicted in April. Amid this deteriorating outlook, Housing Minister Clare O’Neil will on Monday say the federal government will play a more active role to coordinate and invest in housing development, tackle the 90,000-worker shortage and boost productivity. https://www.afr.com/property/residential/why-australia-s-home-building-outlook-just-got-worse-20240904-p5k7xt
According to The Asahi Shimbun, while young people from Japan are increasingly flocking to Australia on working holiday visas in pursuit of adventure, language skills and good wages, many face a harsh reality on arrival.
Some 200 people, many in their 20s and 30s, were waiting in a line for free food on a recent early afternoon at a park in Brisbane in eastern Australia. Their voices filled the park with many languages other than English, including Spanish and Japanese. On the table set up at the center of the park vegetables, fruit and bread were labeled with a sign saying “free food.” The organizer of this event, Jimmy Fahham, 79, from the local charity Community Friends, said the group started this campaign 15 years ago primarily to distribute food to the homeless and people with disabilities. https://www.asahi.com/ajw/articles/15395932
According to The Jiji News, Mitsubishi Electric Corp. said that it has developed a prototype for a system that shows words on a screen in multiple languages.
The Japanese company hopes that the system will be used on occasions such as morning assembly meetings at factories where information needs to be related accurately to a large number of workers, including non-Japanese ones. https://sp.m.jiji.com/english/show/35406 |
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