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  • Mari Energies buys 20% stake in Indus-C Block

    Mari Energies buys 20% stake in Indus-C Block


    ISLAMABAD:

    Mari Energies has acquired a 20% working interest in the Eastern Offshore Indus-C Block from Pakistan Petroleum Limited (PPL), alongside Turkish Petroleum Overseas Company (TPOC).

    In a notice to the Pakistan Stock Exchange, Mari Energies announced that it has entered into a farm-out agreement to acquire a 20% working interest in the block from PPL. The agreement also includes TPOC, a wholly owned subsidiary of Türkiye Petrolleri Anonim Ortakl?g? (TPAO), Türkiye’s national oil company, and Oil & Gas Development Company Limited (OGDCL).

    This partnership is the result of high-level engagements between the governments of Pakistan and Türkiye aimed at deepening bilateral cooperation in the energy sector and encouraging foreign direct investment to kickstart exploration activities in Pakistan’s underexplored offshore basins.

    Subject to regulatory approvals, operatorship of the block will be transferred to TPOC, which brings extensive experience in offshore exploration and field development. Following completion of the transaction and receipt of all necessary approvals, the participating interests are expected to be: TPOC 25% (Operator), PPL 35%,

    Mari Energies 20%, and OGDCL 20%.

    This transaction marks Mari Energies’ entry into Pakistan’s offshore basins. Building on its proven record in onshore exploration and development, the company is positioning itself for an accelerated exploration programme in the country’s offshore sector.

    The collaboration between Mari Energies, TPOC, PPL, and OGDCL represents a major step toward unlocking Pakistan’s offshore hydrocarbon potential. It also establishes a foundation for long-term strategic cooperation in the energy sector between Pakistan and Türkiye.

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  • Getting Better All the Time: GE Aerospace and a Supplier in Detroit Use FLIGHT DECK to Grow Together

    Getting Better All the Time: GE Aerospace and a Supplier in Detroit Use FLIGHT DECK to Grow Together

    Imagine walking into work next week knowing that some of your team’s most challenging issues have suddenly improved. That process that’s always running into bottlenecks? It’s 60% faster. That product you were constantly having to fix? It’s now perfect 95% of the time. That tool that’s always missing? Everyone knows exactly where to find it.

    For employees at GE Aerospace supplier Steel Tool & Engineering, they don’t have to imagine — they’re now seeing dramatic improvements firsthand, thanks to a shingijutsu kaizen event held in partnership with GE Aerospace this past summer.

    Kaizen, a tenet of lean management pioneered by the auto manufacturer Toyota, means continuous process improvement. Shingijutsu kaizen events are multi-day problem-solving efforts where teams step away from their day-to-day work and focus on improving high-value processes together. They’re a core component of GE Aerospace’s proprietary lean operating model called FLIGHT DECK.

    Rather than put it to use only in its internal shops, GE Aerospace is actively using FLIGHT DECK to improve its massive external U.S. supply chain, including Steel Tool, which specializes in the brazed honeycomb assemblies that surround a jet engine’s turbine blades. Quintin Sweat, a supplier recovery leader for GE Aerospace, partners daily with Steel Tool to ensure their product deliveries stay on track so the company can deliver for its customers. He was instrumental in bringing roughly 40 GE Aerospace and Steel Tool employees together for the shingijutsu kaizen event at Steel Tool’s Detroit facility in July.

    “Steel Tool jumped at the opportunity to host this event. They made my job easy,” Sweat jokes. “It can be hard to put your hand up and say you want help, but all credit to Steel Tool, because their team was engaged and ready to collaborate and bought into the FLIGHT DECK fundamentals.”

    “I think it took me about 30 seconds to say yes,” says Pete Grunwald, Steel Tool’s vice president of operations. “As a result of saying yes, we were invited down to an internal GE Aerospace shingijutsu kaizen event at its Auburn, Alabama, facility. It was valuable to do that because it really helped prepare us for what went into making these events successful here.”

     

    Focusing on the Goals

    Participants in the event were split into four teams, each tasked with improving a specific manufacturing process for the week. The teams set measurable goals aligned to safety, quality, and delivery at the beginning of the week and, with the help of Steel Tool production operators, quickly diagnosed existing problems.

    “When we’ve done kaizen events in the past at Steel Tool, we’ve had weeks or months to close out action items,” says Desmond Brown, Steel Tool’s business operations manager. “This event was different because it was so focused. Each team knew exactly what needed to be done each day to meet our goals. Compressing it into just a week to accomplish everything meant using our time efficiently.”

    Along the way, a lean manufacturing expert and coach — aka a sensei — regularly visited each team to push their thinking. During a shingijutsu kaizen session, the sensei’s role isn’t to give the team the answers, but to challenge, ask questions, and help develop a problem-solving mindset along the way to an improved process.

    Pushing through the first part of the week was a challenge, Sweat says. “You’re working with new people, you’re out of your day-to-day rhythm, you’ve got differing assumptions on how to best solve the problem.” As the week progressed, teams began to jell, trial and error led to solutions, and bottlenecks began to clear. At the end-of-week report-out, the teams shared impressive results.

    Over the course of the event, the team achieved 58 safety improvements, an 800-piece increased output per week, and 45% and 68% improvements in first-time yield on two separate processes. By reducing the rework and waste involved in making parts, the team provided an instant boost to production output. 

    This also led to a newfound confidence on the manufacturing floor, as employees found themselves producing higher-quality work and saw their processes becoming safer and more efficient. “It really reminded us of what our true capabilities as a company are when we’re focused,” Brown says.

     

    Lightbulbs and Breakthroughs: FLIGHT DECK in Action

    While the numbers were impressive, the best part of the week, Sweat says, was seeing “lightbulb” moments when various teams broke through with new solutions.

    ”You could see a complete change in demeanor on the entire team once they made their breakthroughs,” he adds. “That moment really shows the power of FLIGHT DECK. It’s not just a one-time initiative. It’s really a mindset and a way of working that we’ve adopted and now are seeing be adopted by our suppliers.”

    “We’ve been on our lean manufacturing journey for a while now,” Grunwald says. “But the level of participation in this event is unlike anything I’ve ever seen. This was on another level.”

    The event’s outcomes are precisely what GE Aerospace Chairman and CEO Larry Culp envisioned when he introduced FLIGHT DECK at the company’s annual investor conference in early 2024. “Steel Tool is on board to continue this journey with us,” Culp noted in a recent all-employee message highlighting the event. “This is the power of FLIGHT DECK in action.”

    As for Sweat, he left the event feeling energized. In fact, he’s already working on a second shingijutsu kaizen event with the Steel Tool team. He also imparted a passionate message for his GE Aerospace colleagues and supply chain partners.

    “Achieving these types of results is absolutely possible,” Sweat says. “If you want to get better, this is the way to make it happen. You literally see results the next week. It’s all upside for the supplier with these events.”

    It’s a cliché, but in this case it rings true for the partnership between GE Aerospace and Steel Tool: What a difference a week can make.

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  • IMF unlocks $1.2b after govt revisits pre-flood pledges

    IMF unlocks $1.2b after govt revisits pre-flood pledges


    ISLAMABAD:

    The International Monetary Fund on Wednesday announced a…

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  • Trump says he authorized covert CIA operations in Venezuela as Maduro decries the move as ‘coups d’etat’ | Venezuela

    Trump says he authorized covert CIA operations in Venezuela as Maduro decries the move as ‘coups d’etat’ | Venezuela

    Donald Trump said on Wednesday he had authorized the CIA to carry out covert operations in Venezuela, marking a sharp escalation in his administration’s pressure campaign against Nicolás Maduro’s government.

    Trump further suggested he was…

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  • ‘Skibidi Toilet’ Studio Invisible Narratives Signs With CAA

    ‘Skibidi Toilet’ Studio Invisible Narratives Signs With CAA

    Invisible Narratives, the Adam Goodman-led content studio with a focus on the social media sphere, has signed with CAA for representation.

    Goodman, the one-time Paramount Pictures exec and now CEO of Invisible Narratives, is looking to…

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  • Breast Cancer Treatment: Experts say it’s time to focus on quality of life in early-stage breast cancer treatment |

    Breast Cancer Treatment: Experts say it’s time to focus on quality of life in early-stage breast cancer treatment |

    Each October, when the world goes pink for Breast Cancer Awareness Month, discussions about early detection, deadly survival statistics and tales of inspiring recoveries often dominate. But these are only part of the story and there’s another…

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  • CHAMPION IRON PROVIDES NOTICE OF SECOND QUARTER RESULTS FOR FY2026 WITH CONFERENCE CALL WEBCAST DETAILS

    MONTRÉAL, Oct. 15, 2025 /CNW/ – SYDNEY, October 16, 2025 – Champion Iron Limited (TSX: CIA) (ASX: CIA) (OTCQX: CIAFF) (“Champion” or the “Company”) announces that it will be hosting a conference call and webcast on October 30, 2025, at 9:00 AM (Montréal time) / October 31, 2025, at 12:00 AM (Sydney time) with its senior management, during which they will review the Company’s operational and financial results for the second quarter ended September 30, 2025, of the financial year ending March 31, 2026.

    Champion’s financial statements and management’s discussion and analysis for the second quarter ended September 30, 2025, will be released prior to the conference call and webcast, and will be available in the “Financial & Regulatory Reports” section of the Company’s website at www.championiron.com, under the Company’s profile on SEDAR+ at www.sedarplus.ca and on the ASX at www.asx.com.au.

    A live audio webcast of the conference call will be accessible for a period of 90 days through Champion’s website at www.championiron.com/investors/events-presentations.

    Access to the Conference Call:

    Tel. local & overseas:

    (+1) 416 945 7677

    Tel. North America:

    (+1) 888 699 1199

    Tel. Australia:

    (+61) 2 8017 1385

    Webcast:

    www.championiron.com/investors

    Replay overseas:

    (+1) 289 819 1450

    Replay N. America:

    (+1) 888 660 6345

    Replay passcode:

    11410 #

    Replay expiration:

    Thursday, November 6, 2025, at 11:59 PM (Montréal time) /
    Friday, November 7, 2025, at 3:59 PM (Sydney time)

    About Champion Iron Limited

    Champion, through QIO, owns and operates the Bloom Lake Mining Complex located on the south end of the Labrador Trough, approximately 13 kilometres north of Fermont, Québec. Bloom Lake is an open-pit operation with two concentration plants that primarily source energy from renewable hydroelectric power, having a combined nameplate capacity of 15M wet metric tonnes per year that produce lower contaminant high-grade 66.2% Fe iron ore concentrate with a proven ability to produce a 67.5% Fe direct reduction quality iron ore concentrate. Benefiting from one of the highest purity resources globally, Champion is investing to upgrade half of the Bloom Lake’s mine capacity to a direct reduction quality pellet feed iron ore with up to 69% Fe. Bloom Lake’s high-grade and lower contaminant iron ore products have attracted a premium to the P62 index. Champion ships iron ore concentrate from Bloom Lake by rail, to a ship loading port in Sept-Îles, Québec, and has delivered its iron ore concentrate globally, including in China, Japan, the Middle East, Europe, South Korea, India and Canada. In addition to Bloom Lake, Champion holds a 51% equity interest in Kami Iron Mine Partnership, an entity also owned by Nippon Steel Corporation and Sojitz Corporation, which owns the Kami Project. The Kami Project is located near available infrastructure, only 21 kilometres southeast of Bloom Lake. Champion also owns a portfolio of exploration and development projects in the Labrador Trough, including the Cluster II portfolio of properties, located within 60 kilometres south of Bloom Lake.

    For additional information on Champion Iron Limited, please visit our website at: www.championiron.com.

    This press release has been authorized for release to the market by the CEO of Champion Iron Limited, David Cataford.

    SOURCE Champion Iron Limited

    For further information: For further information, please contact: Champion Iron Limited, Michael Marcotte, CFA, Senior Vice-President, Corporate Development and Capital Markets, 514-316-4858, Ext. 1128, Info@championiron.com

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  • Benzodiazepines, Antipsychotics Raise Mortality Risk for Some Dementia Patients – MedPage Today

    1. Benzodiazepines, Antipsychotics Raise Mortality Risk for Some Dementia Patients  MedPage Today
    2. Increased Risk of Death in Patients With Dementia Found Related to Common Hospice Medications  Psychiatric Times
    3. Study: Common hospice medications may…

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  • Surgical Management of Pediatric Venous Malformations Misdiagnosed As Infantile Hemangiomas: A Report of Two Cases

    Surgical Management of Pediatric Venous Malformations Misdiagnosed As Infantile Hemangiomas: A Report of Two Cases

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  • Google Security Feature Now Lets You Phone a Friend to Recover Your Account

    Google Security Feature Now Lets You Phone a Friend to Recover Your Account

    Anyone who’s ever had their Google account hacked can tell you what a pain it is to recover. You’ll spend hours or even days on it, and recovery isn’t guaranteed, no matter what you do. 

    On Wednesday, Google announced the addition of several new…

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