Qaasid News

Download Our App

Category: 3. Business

  • Model for identifying regions’ potential for clustering using information extraction tools and techniques

  • Ketels, C. H. M. Recent research on competitiveness and clusters: what are the implications for regional policy? Camb. J. Reg. Econ. Soc. 6 (2), 269–284. https://doi.org/10.1093/cjres/rst008 (2013).

    Google Scholar 

  • Smorodinskaya, N. V. & Katukov, D. D. When and why regional clusters become basic Building blocks of modern economy. Baltic Region. 11 (3), 61–91. https://doi.org/10.5922/2079-8555-2019-3-4 (2019).

    Google Scholar 

  • Boronenko, V. & Zeibote, Z. The potential of cluster development and the role of cluster support policies in Latvia. Economic Annals. 56 (191), 35–67 (2011).

    Google Scholar 

  • Hill, E. W. & Brennan, J. F. A methodology for identifying the drivers of industrial clusters: the foundation of regional competitive advantage. Econ. Dev. Q. 14 (1), 65–96. https://doi.org/10.1177/089124240001400109 (2000).

    Google Scholar 

  • Pickernell, D., Rowe, P. A., Christie, M. J. & Brooksbank, D. Developing a framework for network and cluster identification for use in economic development policy-making. Entrepreneurship Reg. Dev. 19 (4), 339–358. https://doi.org/10.1080/08985620701275411 (2007).

    Google Scholar 

  • Stejskal, J. Comparison of often applied methods for industrial cluster identification. In: International Conference on Development, Energy, Environment, Economics (DEEE), Puerto, De La Cruz, (pp 282–286). WSEAS Press. (2010).

  • Bergman, E. M. & Feser, E. J. Industrial and Regional Clusters: Concepts and Comparative applications. Web Book in Regional Science (West Virginia University, 1999). https://researchrepository.wvu.edu/rri-web-book/5/Regional Research Institute.

  • Terstriep, J. Cluster mapping: Analysis grid, Institute for Work and Technology. (2008). https://www.iat.eu/media/wp6-cluster_mapping_v1_5.pdf. Accessed 4 March 2025.

  • Hamoud, A. K., Abd Ulkareem, M., Hussain, H. N., Mohammed, Z. A. & Salih, G. M. Improve HR decision-making based on data mart and OLAP. Journal of Physics: Conference Series, 1530(1), 012058. (2020). https://doi.org/10.1088/1742-6596/1530/1/012058

  • Dahr, J. M., Hamoud, A. K., Najm, I. A. & Ahmed, M. I. Implementing sales decision support system using data Mart based on OLAP, KPI, and data mining approaches. J. Eng. Sci. Technol. 17 (1), 275–293 (2022).

    Google Scholar 

  • Rino, R. Implementation of business intelligence in data superstore sales with online analytical processing method. bit-Tech 3 (2), 44–50. https://doi.org/10.32877/bt.v3i2.182 (2020).

    Google Scholar 

  • Wardhani, F. Z. D. & Wiratama, J. Improving the quality of service: ETL implementation on data warehouse at pharmacy industry. Jurnal Tekno Kompak. 18 (1), 1–14. https://doi.org/10.33365/jtk.v18i1.3211 (2024).

    Google Scholar 

  • Leung, C. K., Chen, Y., Hoi, C. S. H. & Shang, S. Machine learning and OLAP on big COVID-19 data. In Proceedings of the 2020 IEEE International Conference on Big Data (Big Data) (p. 9378407). IEEE. (2020). https://doi.org/10.1109/BigData50022.2020.9378407

  • Maliappis, M. T. & Kremmydas, D. An online analytical processing (OLAP) database for agricultural policy data: A Greek case study. Proceedings of the 7th International Conference on Information and Communication Technologies in Agriculture, Food and Environment (HAICTA 2015), Kavala, Greece, September 17–20, 2015, 214–225. CEUR-WS.org.pdf Accessed 16 Oct 2025 (2015).

  • Argüelles, M., Benavides, C. & Fernández, I. A new approach to the identification of regional clusters: hierarchical clustering on principal components. Appl. Econ. 46 (21), 2511–2519. https://doi.org/10.1080/00036846.2014.904491 (2014).

    Google Scholar 

  • Guo, J., Lao, X. & Shen, T. Location-based method to identify industrial clusters in Beijing-Tianjin-Hebei area in China. J. Urban. Plan. Dev. 145 (1), 04019001. https://doi.org/10.1061/(ASCE)UP.1943-5444.0000497 (2019).

    Google Scholar 

  • Papagiannidis, S., See-To, E. W. K., Assimakopoulos, D. G. & Yang, Y. Identifying industrial clusters with a novel big-data methodology: are SIC codes (not) fit for purpose in the internet age? Comput. Oper. Res. 98, 355–366. https://doi.org/10.1016/j.cor.2017.06.010 (2018).

    Google Scholar 

  • Porter, M. E. The competitive advantage of nations. Harvard Business Rev. 68 (2), 73–93 (1990).

    Google Scholar 

  • Porter, M. E. Clusters and the new economics of competition. Harvard Business Rev. 76 (6), 77–90 (1998).

    Google Scholar 

  • Ketels, C. H. M. The development of the cluster concept—present experiences and further developments [Paper presentation]. NRW Conference on Clusters, Duisburg, Germany. (2003).

  • Rosenfeld, S. A. Bringing business clusters into the mainstream of economic development. Eur. Plan. Stud. 5 (1), 3–23. https://doi.org/10.1080/09654319708720381 (1997).

    Google Scholar 

  • Swann, G. M. P. & Prevezer, M. A comparison of the dynamics of industrial clustering in computing and biotechnology. Res. Policy. 25 (7), 1139–1157. https://doi.org/10.1016/S0048-7333(96)00897-9 (1996).

    Google Scholar 

  • Martin, R. & Sunley, P. Deconstructing clusters: chaotic concept or policy panacea? J. Econ. Geogr. 3 (1), 5–35. https://doi.org/10.1093/jeg/3.1.5 (2003).

    Google Scholar 

  • Malmberg, A. & Power, D. True clusters: A severe case of conceptual headache. In (eds Asheim, B., Cooke, P. & Martin, R.) Clusters and Regional Development: Critical Reflections and Explorations (50–68). Routledge. (2006).

  • Chain, C. P., Santos, A. C. D., Castro, L. G. D. & Prado, J. W. D. Bibliometric analysis of the quantitative methods applied to the measurement of industrial clusters. J. Economic Surv. 33 (1), 60–84. https://doi.org/10.1111/joes.12267 (2019).

    Google Scholar 

  • Stek, P. E. Identifying Spatial technology clusters from Patenting concentrations using heat map kernel density Estimation. Scientometrics 126 (2), 911–930. https://doi.org/10.1007/s11192-020-03751-8 (2021).

    Google Scholar 

  • Komorowski, M. Identifying industry clusters: A critical analysis of the most commonly used methods. Reg. Stud. Reg. Sci. 7 (1), 92–100. https://doi.org/10.1080/21681376.2020.1733436 (2020).

    Google Scholar 

  • Sölvell, Ö., Ketels, C. & Lindqvist, G. The European cluster Observatory – EU cluster mapping and strengthening clusters in Europe. Cent. Strategy Competitiveness Stockholm School Econ. https://doi.org/10.2769/10419 (2009).

    Google Scholar 

  • Sen, Ö. & Sandal, E. K. Industrial cluster analysis in Gaziantep Province using the three-star method. East. Geographical J. 22, 39–62 (2017).

    Google Scholar 

  • Hollander, H. Methodology Report for the European Panorama of Clusters and Industrial Change and European Cluster Database (Publications Office of the European Union, 2020). https://doi.org/10.2826/466162

  • Ketels, Ketels, C. & Sölvell, Ö. Innovation Clusters in the 10 New Member States of the European Union (Publications Office of the European Union, 2007). https://doi.org/10.2769/10419

  • Sölvell, Ö., Ketels, C. & Lindqvist, G. Industrial specialization and regional clusters in the ten new EU member States. Competitiveness Review: Int. Bus. J. Incorporating J. Global Competitiveness. 18 (1/2), 104–130. https://doi.org/10.1108/10595420810874637 (2008).

    Google Scholar 

  • Republic of Turkey Undersecretariat of Foreign Trade. Cluster mapping, analysis and cluster roadmaps – synthesis report (pp. 1–46). (2009). https://izmirkumelenme.weebly.com/ulusal-yay305nlar.html, Accessed 17 Oct 2025.

  • Manzini, R. B. & Luiz, D. S. C. Cluster identification: A joint application of industry concentration analysis and exploratory Spatial data analysis (ESDA). Competitiveness Review: Int. Bus. J. 29 (4), 401–415. https://doi.org/10.1108/CR-01-2018-0001 (2019).

    Google Scholar 

  • Titova, N. Y., Pervuhin, M. A. & Baturin, G. G. Identification of regional clusters in the Russian Far East. Eur. Res. Stud. J. 20 (4A), 339–359. https://doi.org/10.35808/ersj/839 (2017).

    Google Scholar 

  • Chen, J. & Jackson, R. Regional Industry Cluster Analysis for the Potomac Highlands in West Virginia (RRI Resource Document 2018-03) (Regional Research Institute, West Virginia University, 2018).

  • Meyer, D. F. & Niyimbanira, F. Formulation and application of a multi-variable location quotient index in the Mpumalanga Province, South Africa. Local Econ. 36 (4), 273–286. https://doi.org/10.1177/02690942211049505 (2021).

    Google Scholar 

  • Campi, M., Dueñas, M. & Ciarli, T. Do creative industries enhance employment growth? Regional evidence from Colombia. Reg. Stud. 58 (3), 425–441. https://doi.org/10.1080/00343404.2023.2210620 (2024).

    Google Scholar 

  • Khoirunnisa, I., Ratih, A., Ciptawaty, U., Wahyudi, H. & Murwiyati, A. Analysis of leading sectors supporting agriculture through the LQ and shift share approaches in Sumatera. Int. J. Educ. Social Stud. Manage. 4 (3), 932–949. https://doi.org/10.52121/ijessm.v4i3.420 (2024).

    Google Scholar 

  • Çelik, E. & Sandal, E. K. The regional concentration structure of turkey’s manufacturing industry and its subsectors: A comparative location-quotient analysis for 2011–2020. Kahramanmaraş Sütçü İmam Univ. J. Social Sci. 19 (3), 1452–1468. https://doi.org/10.33437/ksusbd.1122318 (2022).

    Google Scholar 

  • Urhan, F. B. & Sandal, E. K. The Spatial pattern of turkey’s textile industry: A comparative location-quotient analysis for 2009–2015. Int. J. Geogr. Geogr. Educ. 40, 172–189. https://doi.org/10.32003/iggei.537354 (2019).

    Google Scholar 

  • Sandal, E. K. & Şen, Ö. The agglomerated industrial sectors in Gaziantep and these sector’s distribution in Turkey. Electron. Turkish Stud. 11 (8), 313–334. https://doi.org/10.7827/TurkishStudies.9612 (2016).

    Google Scholar 

  • Yamaç, B. Cluster formation in the textile sector: the case of the Turkish textile industry. J. Econ. Administrative Sci. 9 (2), 215–232. https://doi.org/10.32003/iggei.537354 (2019).

    Google Scholar 

  • Ögel, C. & Avcı, S. Analysis of gaziantep’s manufacturing industry using the concentration coefficient. Abant Social Sci. J. 23 (2), 1000–1016. https://doi.org/10.11616/asbi.1265986 (2023).

    Google Scholar 

  • Seki, İ., Arslan, M. & Bektaş, S. Cluster analysis of the TR222 Çanakkale region. Int. J. Manage. Social Stud. 5 (10), 15–28 (2018).

    Google Scholar 

  • Duran, E. Three-star analysis of the manufacturing sector in Çorum Province. East. Geographical Rev. 29 (51), 41–49. https://doi.org/10.17295/ataunidcd.1448869 (2024).

    Google Scholar 

  • Yapraklı, S. & Aslan, Ö. F. Clustering potential and local competitiveness in the provinces of the TRA1 region (Erzurum, Erzincan, Bayburt): A field study based on three-star analysis. J. Econ. Administrative Sci. 24 (2), 429–458. https://doi.org/10.53443/anadoluibfd.1115658 (2023).

    Google Scholar 

  • Karaçayır, E. Industrial clustering potential of the TR52 level 2 region. J. Political Sci. Fac. Necmettin Erbakan Univ. 6 (1), 230–243. https://doi.org/10.51124/jneusbf.2024.86 (2024).

    Google Scholar 

  • Bayraktar, F. & Sekmen, F. Investigation of potential investment topics in İzmir Province. Turkish Development Bank, Istanbul. (2012). https://www.kalkinmakutuphanesi.gov.tr/dokuman/izmir-ili-potansiyel-yatirim-konulari-arastirmasi/614 Accessed 17 Oct 2025.

  • Gül, M., Topçuoğlu, E. M. & Çetinel, S. Three-star Cluster Analysis Study of the TR82 Region (North Anatolia Development Agency. Ankara, 2014).

  • Karagüney, F. Sectoral Competitiveness Analysis of the Manufacturing Industry in the Konya-Karaman Region (Mevlana Development Agency, 2019).

  • Central Anatolia Development Agency. Leading Sectors in the TR72 Region (Central Anatolia Development Agency Publications. Kayseri, 2021).

  • Er, F. Sectoral Competitiveness Analysis of the TR71 Region (Ahiler Development Agency. Nevşehir, 2022).

  • Çakay, M. E., Ertan, Y., Toprak, İ. & Özen, M. S. Current Status Analysis of the Industry in the TRB2 Region (Eastern Anatolia Development Agency.Van, 2014).

  • Eastern Anatolia Project Regional Development Administration. Entrepreneurship and Innovation Needs Analysis and Clustering Studies (Eastern Anatolia Project Regional Development Administration. Erzurum, 2017).

  • Demirdöğen, S. Identification of sectors with clustering potential: an application to the TRA1 level 2 region. J. Social Sci. Inst. Bolu Abant İzzet Baysal Univ. 18 (4), 85–113. https://doi.org/10.11616/asbed.v18i41997.505856 (2018).

    Google Scholar 

  • Amin, M. M., Sutrisman, A. & Dwitayanti, Y. Development of star-schema model for lecturer performance in research activities. Int. J. Adv. Comput. Sci. Appl. 12 (9), 74–80. https://doi.org/10.14569/IJACSA.2021.0120909 (2021).

    Google Scholar 

  • Cai, Y., Chen, J., Fan, X. & Yu, Z. Study on the regional economic data analysis and mining platform based on OLAM. In Proceedings of the Second International Workshop on Education Technology and Computer Science (pp. 550–554). IEEE, Wuhan, China (2010).

  • Toprak, A. & Çetinyokuş, T. Using online analytical processing (OLAP) tools in determining regional industrial clustering potential. J. Reg. Dev. 01 (03), 257–270. https://doi.org/10.61138/bolgeselkalkinmadergisi.1329622 (2023).

    Google Scholar 

  • Markl, V., Ramsak, F. & Bayer, R. Improving OLAP performance by multidimensional hierarchical clustering. In Proceedings of the 1999 International Database Engineering and Applications Symposium (IDEAS ‘99) (pp. 165–177). IEEE (1999).

  • Ebrahimi, M. Knowledge extraction and analysis to evaluate the financial performance of an organization using OLAM. Int. J. Mod. Educ. Comput. Sci. 10 (12), 20–27. https://doi.org/10.5815/ijmecs.2018.12.03 (2018).

    Google Scholar 

  • Song, Y. & Ge, C. Research on the integration architecture of OLAM and OLAP. In 2011 International Conference on Electric Information and Control Engineering (pp. 1656–1659). IEEE. (2011), April.

  • Saranya, C. & Manikandan, G. A study on normalization techniques for privacy preserving data mining. Int. J. Eng. Technol. (IJET). 5 (3), 2701–2704 (2013).

    Google Scholar 

  • Oti, E. U., Olusola, M. O., Godwin, O. O. & Nwankwo, C. H. New k-means clustering method using minkowski’s distance as its metric. Inform. Technol. 4 (1), 28–41. https://doi.org/10.52589/BJCNIT-XEPSJBWX (2020).

    Google Scholar 

  • Wong, M. A. Asymptotic properties of univariate sample k-means clusters. J. Classif. 1 (1), 255–270. https://doi.org/10.1007/BF01890126 (1984).

    Google Scholar 

  • Qiu, D. & Tamhane, A. C. A comparative study of the K-means algorithm and the normal mixture model for clustering: univariate case. J. Stat. Plann. Inference. 137 (11), 3722–3740. https://doi.org/10.1016/j.jspi.2007.03.045 (2007).

    Google Scholar 

  • Wang, B., Zhou, B., Zou, M., Liu, Q., Zhao, R., Dai, M., … Wang, Y. (2023, October).Research on condition monitoring of offshore wind turbine gearbox based on K-means clustering and extreme learning machine model. In 2023 International Conference on Artificial Intelligence and Power Engineering (AIPE) (pp. 71–76). IEEE.

  • Izmir Development Agency. Izmir clustering analysis. Izmir Development Agency. (2010). https://www.kalkinmakutuphanesi.gov.tr/dokuman/izmir-kumelenme-analizi/611 Accessed 16 Oct 2025.

  • South Marmara Development Agency. TR22 (Balıkesir, Çanakkale) South Marmara Region manufacturing industry strategy and action plan. South Marmara Development Agency. (2017). https://www.kalkinmakutuphanesi.gov.tr/dokuman/guney-marmara-bolgesi-imalat-sanayi-stratejisi-ve-eylem-plani/588 Accessed 16 Oct 2025.

  • Yavan, N. Entrepreneurship and innovation needs analysis of the KOP Region. Republic of Turkey Ministry of Industry and Technology, KOP Regional Development Administration. (2018). https://www.kalkinmakutuphanesi.gov.tr/assets/upload/dosyalar/girisimcilik-ve-yenilik-ihtiyac-analizi-sonuc-ve-degerlendirme-analizi-raporu.pdf Accessed 16 Oct 2025.

  • Crawley, A., Beynon, M. & Munday, M. Making location quotients more relevant as a policy aid in regional Spatial analysis. Urban Stud. 50 (9), 1854–1869. https://doi.org/10.1177/0042098012466601 (2013).

    Google Scholar 

Continue Reading

  • Oil up as investors await clarity on supply, Russia-Ukraine deal – Reuters

    1. Oil up as investors await clarity on supply, Russia-Ukraine deal  Reuters
    2. Oil holds steady after one-month low on high supply expectations By Reuters  Investing.com
    3. Oil Prices Stabilize Amid Signs of Approaching Agreement in Ukraine  وكالة صدى نيوز
    4. Oil falls as Ukraine signals support for framework of Russia peace deal  Business Recorder
    5. Crude Oil Price Forecast: 88.6% Retracement Complete – Second Bottom or Breakdown?  FXEmpire

    Continue Reading

  • The latest inflation figures offer no joy – except to the gas producers whose windfall profits remain largely untouched | Greg Jericho

    The latest inflation figures offer no joy – except to the gas producers whose windfall profits remain largely untouched | Greg Jericho

    The latest inflation figures showed a jump in the growth of average prices from 3.6% to 3.8%. But they also indicate just how much our economy is caught up in the ramifications of Russia’s illegal invasion of Ukraine, which sent gas prices higher – and with it our electricity prices.

    The October consumer price index figures were a turning point for data in Australia. It marks the change of the official CPI figures going from quarterly to monthly. This is pretty much the biggest data shift since the labour force figures back in 1978 did the same switch from quarterly to monthly.

    The move is a good one, given most nations in the OECD measure prices monthly. It gives the Reserve Bank and the government more regular information.

    For a number of years, the Australian Bureau of Statistics had been testing measuring inflation monthly, but it left out a few things while it worked out how to count everything. As a result, the latest figures are slightly different from the old monthly figures:

    If the graph does not display click here

    On the old measure, inflation was slightly lower than the new official measure.

    This is also reflected with the “trimmed mean” measure of underlying inflation. While the old monthly figures suggested underlying inflation was below 3%, the new official figures have it at 3.3%

    If the graph does not display click here

    The underlying inflation measure will probably take on more importance now that the official measure has moved to a monthly survey. The overall CPI figures will now be rather more noisy than they were when they involved an average of three months.

    You can see how this affects things when you look at the monthly growth since April 2024 (which is how far back the official monthly data goes). Rather oddly, despite the annual inflation figure rising in October, in October itself inflation did not rise at all:

    If the graph does not display click here

    This weirdness is even more stark when we look at the biggest drivers of inflation:

    If the graph does not display click here

    Electricity was the biggest driver of inflation over the past year, but in October electricity prices fell 10.2%.

    This confusion is due to the interaction of electricity rebates and inflation.

    In July 2023, the Albanese government introduced rebates to protect against the increase in prices due to the Russian invasion of Ukraine. In July 2024, the states began to get involved as well. And October last year saw the largest impact of the federal and state government rebates on electricity prices:

    If the graph does not display click here

    But these rebates did not last, and over the past 12 months they have begun to be unwound – and so prices began to rise. Then in August they were extended across a number of areas – and so electricity prices fell again.

    But they remain well above where they were in October last year.

    Importantly, inflation is the growth of prices from one month to the next, and from one month to the same month the following year. So purely because last October was the month where the energy rebates had the biggest impact, the annual growth in electricity prices since then looks massive.

    Were the government rebates not put in place, electricity costs would be about 31% higher now, but the growth (or inflation) of electricity costs would be lower.

    But then the question is: why were these rebates needed, and what the heck does it have to do with Putin invading Ukraine?

    The problem for Australia is that since the opening of the Gladstone LNG terminal, gas prices on the eastern seaboard have been linked with the world price of gas. Because Russia is a major producer of gas, its invasion of Ukraine and subsequent sanctions of Russian gas and other trade sent world gas prices soaring – doubling from January 2022 to September that year.

    Gas is a significant generator of Australia’s electricity, but it is also among the most expensive. However, the way the national energy market operates is that the most expensive source for electricity determines the price at any point in time.

    When renewables are able to supply 100% of our electricity, they will determine the cost and prices will be much lower. But because gas often sets the prices (because gas-generated electricity is needed to meet demand), that means there is a very strong link between gas prices and electricity:

    If the graph does not display click here

    Without the energy rebates, electricity prices would have followed gas prices up, and the hit to households would have been much greater.

    On the other side of the coin, the boom in gas prices has led to gas companies making out like bandits.

    The value of gas exports from Australia is nearly four times what it was a decade ago. Alas this massive windfall gain for gas companies has not led to a windfall in revenue of the government in the form of the petroleum resource rent tax – if anything, revenue has fallen:

    If the graph does not display click here

    These latest inflation figures will give few people any joy – not the RBA, nor the government, nor any of us looking at our bills. But they will continue to give comfort to energy and gas producers who know their windfall profits will remain largely untouched by Australia’s tax system.

    Greg Jericho is a Guardian columnist and policy director at the Centre for Future Work

    Continue Reading

  • Australia’s emissions from fossil fuels down as electricity from renewables passes 40% | Energy

    Australia’s emissions from fossil fuels down as electricity from renewables passes 40% | Energy

    Australia’s greenhouse gas emissions fell 2.2% last financial year, in what the Albanese government says is the largest annual drop due to reduced fossil fuel use outside the Covid-19 pandemic.

    About half of the 9.9m tonnes reduction was due to an increase in solar and wind generation pushing coal-fired power out of the system, according to new government data to be released on Thursday.

    Pollution from power generation dropped 3.3%, or 5m tonnes, as the proportion of electricity from renewable energy across the year reached more than 40%. It reversed a brief rise in climate pollution from the power sector in the previous year.

    Sign up to get climate and environment editor Adam Morton’s Clear Air column as a free newsletter

    There were smaller emissions reductions from underground coalmines, heavy industry, farming and households burning gas for heating and cooking.

    But pollution from transport continued to increase due to greater use of diesel-power vehicles and more people taking domestic flights.

    The climate change and energy minister, Chris Bowen, was expected to use an annual climate statement to parliament on Thursday to argue the data showed Labor’s policies since its election in 2022 were having an impact on the amount of carbon dioxide pumped into the atmosphere.

    The Coalition and the Greens have argued otherwise: that pollution had either increased under Labor or was flatlining.

    Assessing the true picture has been difficult due to the impact of Covid-19 shutdowns, which resulted in a sharp artificial drop in the two years before Albanese came to office, and led to a rebound once restrictions were lifted.

    It is unlikely the drop in emissions will be enough to put Australia on track to meet its climate targets.

    According to the latest data, annual emissions to June were 437.5m tonnes – 28.5% below 2005 levels.

    skip past newsletter promotion

    It is expected that an emissions projection report, also to be released on Thursday, will estimate the government’s policies will leave it short but still within reach of where it needs to be to meet its 2030 emissions reduction target – a 43% cut compared with 2005 levels.

    The Climate Change Authority last year estimated reaching the target would require emissions to be cut by 15m tonnes a year over the next five years.

    The projections report will show the government is much further behind meeting its recently announced 2035 target – a cut of between 62% and 70% below 2005 levels.

    It means Labor will need to revamp existing policies and introduce new measures to get to even the bottom end of this commitment.

    In a statement on the emissions data, Bowen said the government’s policies, including a renewable energy underwriting program and a home battery subsidy, meant the government was on track to reduce energy bills and meet its climate targets “if we stay the course and continue to lift our efforts”. He said renewable energy provided more than half the electricity in the national grid in October.

    The reports released on Thursday do not include the emissions that result overseas from Australian coal and gas exports. A 2024 analysis found Australia ranked second behind only Russia for exported emissions.

    Continue Reading

  • Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Teck Shareholders Vote “FOR” the Merger of Equals with Anglo American

    Independent Proxy Advisory Firms ISS and Glass Lewis Recommend Teck Shareholders Vote “FOR” the Merger of Equals with Anglo American

    Recommendations Highlight Significant Benefits and Value Creation Opportunity
    for Teck Shareholders

    Teck’s Board of Directors Unanimously Recommends Teck Shareholders
    Vote “FOR” the Merger TODAY

    Vancouver, B.C. – November 26, 2025 – Teck Resources Limited (TSX: TECK.A and TECK.B, NYSE: TECK) (“Teck”) today announced that independent proxy advisory firms Institutional Shareholder Services, Inc. (“ISS”) and Glass Lewis & Co. (“Glass Lewis”) have recommended that Teck shareholders vote “FOR” the Company’s merger of equals (the “Merger”) with Anglo American plc (“Anglo American”).  As previously announced, Teck has scheduled a special meeting of shareholders on December 9, 2025 (the “Meeting”).

    In their reports dated November 26, 2025, and November 21, 2025, respectively, ISS and Glass Lewis stated:

    • ISS: “The arrangement makes strategic sense in light of the anticipated synergies, strategic benefits, and opportunity for additional upside through ownership in the combined company. The universe of potential buyers is limited, the board actively explored alternative transaction structures in order to maximize shareholder value, shareholders are expected to benefit from increased liquidity and stronger financial position for the combined company, and the market reaction has been positive.”
       
    • Glass Lewis: “Overall, the strategic merits of the combination appear well supported by the scale, asset quality and long-term copper growth profile of the combined company. If successfully executed, the merger positions Anglo Teck as a financially stronger and more resilient producer with meaningful upside from operational integration and future development opportunities…On balance, we believe the transaction presents a compelling strategic opportunity for Teck shareholders.”

    “The Teck Board has determined that a merger of equals with Anglo American is the best path forward for Teck shareholders and all stakeholders,” said Jonathan Price, President and CEO. “The recent recommendations from ISS and Glass Lewis further affirm this view. This merger is a unique opportunity to build a new global critical minerals champion headquartered in Canada with increased scale, a world-class portfolio of copper and critical minerals assets, and enormous growth potential. We are confident the transaction will drive significant value creation and encourage all Teck shareholders to vote for the merger.”

    Teck Shareholders Encouraged to Vote Ahead of the Proxy Deadline
    Teck shareholders of record as of the close of business on October 20, 2025, should vote “FOR” the Merger now and can advance vote up to the proxy voting deadline of 11:00 a.m. PST, December 5, 2025.

    Teck’s notice of meeting, management information circular and other related Meeting materials  have been mailed to shareholders and can also be accessed online on Teck’s website at www.Teck.com/reports and under Teck’s issuer profiles on SEDAR+ at www.sedarplus.ca and EDGAR at www.sec.gov.

    Any shareholder who has questions about how to vote should contact our proxy solicitation agents:

    Shareholders Located in Canada

    Laurel Hill Advisory Group
    Toll-Free: 1-877-452-7184
    Text Message: 1-416-304-0211
    Email: assistance@laurelhill.com

    Shareholders Located Outside of Canada

    Innisfree M&A Incorporated
    US Toll Free: 1-877-750-0510
    Outside US: +1-412-232-3651
    Banks and Brokers: 1-212-750-5833

    The Merger, which was announced in September 2025, is subject to shareholder approvals and customary closing conditions, including approval under the Investment Canada Act and applicable competition and regulatory approvals in various jurisdictions globally.

    Shareholder Support for the Merger
    In addition to the unanimous support of the Teck Board of Directors, the Merger is supported by Temagami Mining Company Limited, SMM Resources Incorporated, Dr. Norman B. Keevil and the directors and executive leadership team of Teck, who have collectively agreed to vote shares representing approximately 79.8% of the issued and outstanding Teck Class A common shares and approximately 0.02% of the issued and outstanding Teck Class B subordinate voting shares (as of the record date for the Meeting) in favour of the Merger at the Meeting.

    Forward Looking Statements
    This news release contains certain forward-looking information and forward-looking statements as defined in applicable securities laws (collectively referred to as forward-looking statements). These statements relate to future events or future performance. All statements other than statements of historical fact are forward-looking statements. The use of any of the words “anticipate”, “can”, “could”, “plan”, “continue”, “estimate”, “expect”, “may”, “will”, “would”, “project”, “predict”, “likely”, “potential”, “should”, “believe” and similar expressions is intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. These statements speak only as of the date of this news release. These forward-looking statements include, but are not limited to, statements concerning the anticipated benefits and synergies from the proposed Merger, the expected effects of the Merger on Anglo American and Teck, future production levels, the expected timing of completion of the Merger, and other statements that are not historical facts.

    These statements are based on a number of assumptions, including, but not limited to, assumptions regarding general business and economic conditions, future outlook and anticipated events, such as the ability of Anglo American and Teck to complete the Merger, the ability of Teck and Anglo American to obtain all required regulatory and court approvals, the ability of Teck and Anglo American to obtain their respective shareholder approvals for the Merger, the ability of Teck and Anglo American to satisfy all other conditions to the Merger, the strategic vision of the merger between Teck and Anglo American following the closing of the Merger, expectations regarding exploration, production and operational potential, expectations with respect to production capabilities and future financial or operating performance of Teck and Anglo American following the Merger, expectations with respect to Teck’s current production and cost guidance and previously disclosed updates, the potential valuation of the merger of Teck and Anglo American, the expected synergies between Teck and Anglo American, the expected revenue from the synergies between Teck and Anglo American, expectations regarding integration and synergy capture; the accuracy of the pro forma financial position and outlook of Teck and Anglo American following the closing of the Merger, the success of the new board and management team, the satisfaction of the conditions precedent to the Merger, the future financial or operating performance of the merged Teck and Anglo American, the expected EBITDA uplift, the expectations around the headquarters of the combined entity being in Canada, the expectations of the results and success of the Investment Canada Act commitments, the expectations with respect to receiving Investment Canada Act approval, the assumptions surrounding the proposed Investment Canada Act commitments, the expectations with respect to the proposed investments by the combined company in Canada, the potential of Teck and Anglo American following the Merger to meet industry target, public profile expectations, future plans, projections, objectives, estimates and forecasts and the timing related thereto and the expectations surrounding the combined companies long-term strategy. The foregoing list of assumptions is not exhaustive. Events or circumstances could cause actual results to vary materially.

    Forward-looking information is based on the information available at the time those statements are made and are of good faith belief of the officers and directors of Teck and Anglo American as of the time with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the Forward-looking information. Factors that may cause actual results to vary materially include, but are not limited to, the possibility that the Merger will not be completed on the terms and conditions, or on the timing, currently contemplated, and that it may not be completed at all, due to a failure to obtain or satisfy, in a timely manner or otherwise, required regulatory, shareholder and court approvals and other conditions to the closing of the Merger or for other reasons, the risk that competing offers or acquisition proposals will be made, public perception of the Merger, market reaction to the Merger, the negative impact that the failure to complete the Merger for any reason could have on the business of Anglo American or Teck, the ability of Anglo American and Teck to successfully integrate and capture expected synergies, general economic and market conditions, including interest and foreign exchange rates, global financial markets, changes in government regulations or in tax laws, industry competition, technological developments and other factors described or discussed in Anglo American’s or Teck’s disclosure materials filed with applicable securities regulatory authorities from time to time.

    Teck assumes no obligation to update forward-looking statements except as required under securities laws. Further information concerning risks, assumptions and uncertainties associated with these forward-looking statements, the Merger and Teck’s business can be found in Teck’s management information circular in respect of the Meeting filed under Teck’s profile on SEDAR+ (www.sedarplus.ca) and on EDGAR (www.sec.gov).

    About Teck
    Teck is a leading Canadian resource company focused on responsibly providing metals essential to economic development and the energy transition. Teck has a portfolio of world-class copper and zinc operations across North and South America and an industry-leading copper growth pipeline. We are focused on creating value by advancing responsible growth and ensuring resilience built on a foundation of stakeholder trust. Headquartered in Vancouver, Canada, Teck’s shares are listed on the Toronto Stock Exchange under the symbols TECK.A and TECK.B and the New York Stock Exchange under the symbol TECK. Learn more about Teck at www.teck.com or follow @TeckResources.

    Investor Contact:
    Emma Chapman
    Vice President, Investor Relations
    +44.207.509.6576
    emma.chapman@teck.com

    Media Contact:
    Dale Steeves
    Director, External Communications
    236.987.7405
    dale.steeves@teck.com

     

    25-32-TR

    Continue Reading

  • Gold climbs to over one-week peak as hopes of Fed rate cut rises – Reuters

    1. Gold climbs to over one-week peak as hopes of Fed rate cut rises  Reuters
    2. Gold extends losses, though Bank of America sees a path to $5,000 in 2026  Yahoo Finance UK
    3. Gold prices rise; weak U.S. data fuels Dec rate cut hopes  Investing.com
    4. Gold is likely to reach $5,000 in 2026 – Deutsche Bank  FXStreet
    5. Gold Analysis: Will Gold Prices Continue to Rise?  DailyForex

    Continue Reading

  • US drillers cut oil rigs to lowest in four years, Baker Hughes says – Reuters

    1. US drillers cut oil rigs to lowest in four years, Baker Hughes says  Reuters
    2. US Rig Count Falls Off a Cliff In Thanksgiving Week  Crude Oil Prices Today | OilPrice.com
    3. US drillers cut oil rigs to lowest in four years, Baker Hughes says By Reuters  Investing.com
    4. US and Canadian rig counts fall back  Steel Market Update
    5. US drillers add oil and gas rigs for fourth week in a row, Baker Hughes says  TradingView

    Continue Reading

  • UK nudges up gilt issuance to second-highest on record – Reuters

    1. UK nudges up gilt issuance to second-highest on record  Reuters
    2. UK borrowing costs fall after early release of budget forecasts – as it happened  The Guardian
    3. Vanguard plans to buy more gilts as UK Budget calms investor nerves  Financial Times
    4. Pound-to-Euro Advances on Gilt Issuance Relief By PoundSterlingLIVE  Investing.com UK
    5. City readies up for Labour’s borrowing spree  City AM

    Continue Reading

  • Online betting firms to pay billions more in UK tax, Reeves confirms | Gambling

    Online betting firms to pay billions more in UK tax, Reeves confirms | Gambling

    Online casinos and bookmakers will pay billions of pounds more in tax under a steep rise in duties levied on their takings from British gamblers.

    In her second budget as chancellor, Rachel Reeves announced duty changes expected to raise an extra £1.1bn a year by 2029-30, raiding a fast-growing sector that made £12.6bn from punters last year.

    Shares in UK gambling firms began tumbling even before Reeves announced the change in her budget, after the Office for Budget Responsibility (OBR) – which assesses the likely impact of tax changes – accidentally published a document confirming that the industry had been singled out for higher taxes.

    By the end of the day three major gambling companies, Rank Group, Evoke and Entain, had either revised down profit forecasts or warned of major job losses.

    The boss of Entain, which owns Ladbrokes, said the company was “deeply appalled” by changes that it says will shave £150m off underlying profit by 2027. The industry’s lobby group – the Betting & Gaming Council (BGC) – lamented a “devastating hammer blow” for the sector.

    The most eye-catching change is a near doubling of remote gaming duty (RGD), levied on online casinos, rising from 21% to 40% next April. The rise is higher than many investors and industry sources had expected.

    Meg Hillier, the chair of the Treasury select committee, said Reeves had rightly refused to bow to industry “scaremongering”, something her committee had accused lobbyists of in a report earlier this month.

    “Some parts of the gambling industry, such as racecourses and bingo halls, make a cultural contribution to our country,” she said. “This is not the case, though, for online slots and other remote gaming, which can quickly drain the bank balances of vulnerable people after just a few clicks of a button on a phone.

    “It’s reassuring to see that the chancellor agrees with us on this and I look forward to discussing it further with her when she appears in front of us in December.”

    General betting duty, levied on sports bets, will rise from 15% to 25% for wagers placed online from April 2027, but there will be no change for bets placed in high street bookmakers.

    Bets on horse racing – a sport that relies heavily on income from gambling firms – will be exempted from the increase. Bingo duty of 10% will be abolished from April.

    Reeves said she was targeting online gambling because it was “associated with the highest levels of harm”. However, she did not increase machine gaming duty, charged on income from high-street slot machines, which are also linked to high rates of addiction.

    Leading figures from the gambling industry, including company chief executives and lobbyists, claim that an increase on the scale announced by the chancellor will cost jobs and ultimately damage the economy.

    Grainne Hurst, the chief executive of the BGC, said the increases were a “devastating hammer blow to tens of thousands of people working in the industry”.

    skip past newsletter promotion

    She said: “The government’s budget is a massive win for the incredibly harmful, unsafe, unregulated gambling black market, which pays no tax and offers none of the protections that exist in the regulated sector.”

    The government said it would allocate an extra £26m over three years to help the Gambling Commission tackle the illicit market.

    Shares in the heavily indebted London-listed Evoke, which owns the 888 and William Hill brands, plunged by more than 18% on news of the changes but Rank (up 10%) and Entain (up 3.4%) both enjoyed an increase potentially on the basis that Rank would benefit from the abolition of bingo duty, while both could prosper if smaller rivals, unable to cope with duty rises, are forced out of the UK.

    However, all three companies warned of a financial hit in statements to investors after the London Stock Exchange closed. Entain expects underlying profit to fall by £100m next year and £150m the year after, although it expects to gain market share. Evoke, which owns William Hill and 888, predicted extra duty costs of £135m, while Rank forecast a £40m hit to operating profit.

    The OBR said it expected the changes to raise an extra £1.1bn a year for the Treasury by 2029-30. The figure would be higher, at £1.8bn, but the government expects some customers to bet less and admits that others are likely to switch to the illicit market, as the extra duty is passed on to consumers in the form of less attractive odds and bonuses.

    Reeves explicitly linked the increase to the government’s decision to lift the two-child cap on child benefit, listing the duty rise among the measures that funded the latter decision.

    The former prime minister and chancellor Gordon Brown previously called for a larger increase in duties, raising about £3bn, to pay for lifting children out of poverty.

    Continue Reading

  • Nokia Foundation grants Professor Minna Palmroth a recognition award for achievements in space sciences

    Nokia Foundation grants Professor Minna Palmroth a recognition award for achievements in space sciences

    The Nokia Foundation’s purpose is to support the scientific development of information and communication technologies and to promote education in the sector in Finland. Nokia Foundation provides scholarships and awards for this mission. The Foundation was established on the initiative of Nokia Oyj in 1995; it is an independent, non-profit organization under Finnish foundation law. https://nokiafoundation.com/

     

    About Nokia

    Nokia is a global leader in connectivity for the AI era. With expertise across fixed, mobile, and transport networks, we’re advancing connectivity to secure a brighter world.

     

    ';

    Continue Reading