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Large and Medium Industries Minister M.B. Patil announced on Saturday (December 14) that SWIFT City was in the pipeline at Sarjapur in Bengaluru, which would be Karnataka’s third major planned industrial hub after Electronic City and ITPL. SWIFT (Start-ups, Workspaces, Innovation, Finance, and Technology) City would involve reserving over 1,000 acres of land in the Sarjapur Industrial Area for this purpose, said the Minister in a statement. Sarjapur had been identified for its strategic location, being close to National Highways 44 and 48, as well as proximity to Bengaluru’s thriving IT hub, said the Minister. Stating that many stakeholders had expressed dissatisfaction with the lack of well-planned workspaces, he said that the plan was to provide a 150-metre-wide road in Sarjapur and ensure world-class facilities, including residential clusters and schools, Mr. Patil explained. “The envisioned city aims to become a start-up hotspot, featuring 8-10 plug-and-play infrastructure facilities, each spanning 20-25 acres,” he said in a statement. Mr Patil promised that SWIFT City would offer state-of-the-art offices, residential spaces, and co-working environments to support startups, creating a structured industrial network that fosters collaboration. “Small and medium-sized startups will benefit from spaces ranging from 5,000 to 20,000 sq ft, available through lease, sale, or investment-sharing models. The city is hoped to become a leading hub for innovation in AI, data analytics, and fintech, the minister emphasises,” he said. The Minister said plans are under way to develop five Mini KWIN Cities, including ones in Vijayapura and Hubballi-Dharwad, in collaboration with the IT/BT department. “More details on these initiatives will be revealed at the Invest Karnataka conclave scheduled for February,” he said. Published - December 14, 2024 11:07 pm IST Copy link Email Facebook Twitter Telegram LinkedIn WhatsApp RedditMost Americans, like most Canadians, probably have no idea how important Canada is to American energy security and its comparatively cheap gasoline. But they may soon find out. Should Donald Trump’s threats of 25 per cent tariffs across the board on Canadian imports include oil and natural gas, there would be a crude awakening. American consumers would invariably be hit with price hikes at the gas pumps, should Canadian oil producers be hit with 25 per cent tariffs, as about one-third of American refining capacity is configured for heavy crude, most of which comes from Alberta’s oil sands. American LNG exporters would also feel the pain, as some of the natural gas used to feed LNG terminals on the Gulf Coast comes from Alberta and B.C. via pipeline. Trump’s threat of across-the-board tariffs on Canadian and Mexican imports is sending “shockwaves” through the Canadian business community, said Bridgitte Anderson, president of the Greater Vancouver Board of Trade (GVBOT) at an energy and resources forum Tuesday in Vancouver. “The president-elect is threatening 25 per cent across the board on all Canadian projects,” said Lisa Baiton, president of the Canadian Petroleum Producers (CAPP). “This would be catastrophic for Canada's economy. And these kinds of events underscore the impacts of global instability and show how our resource sector, the economy and national security are all highly interdependent.” B.C. lumber exports to the U.S. are already subject to duties of about 15 per cent. Presumably, blanket tariffs on Canadian goods would add another 10 per cent. During his previous administration, Trump implemented tariffs on Canadian steel and aluminum, but energy exports, like oil and gas were not included. While it’s not yet clear whether the threatened tariffs would include energy exports -- oil, natural gas and electricity -- Trump did make a point of upper-casing his threat to suggest they would apply to everything. “On January 20 , as one of my many first Executive Orders, I will sign all necessary documents to charge Mexico and Canada a 25 per cent Tariff on ALL products coming into the United States, and its ridiculous Open Borders,” Trump wrote on his Truth Social network on November 24. The five top exports from Canada to the U.S., in order of value, are crude oil and refined petroleum products, automotive parts, natural gas, electricity, and lumber and wood products. Business groups and chambers of commerce in Canada are reacting to the threat with alarm. “A tariff of this magnitude will have significant consequences for B.C. businesses of all sizes and will negatively impact communities and workers across British Columbia,” said BC Chamber of Commerce president Fiona Famulak. “These proposed tariffs would have devastating consequences for our local businesses, further straining supply chains and diminishing the economic recovery we’ve worked so hard to achieve,” said Surrey Board of Trade spokesman Jasroop Gosal. “Some might say that the president-elect's tariff threat is meant to be provocative," Baiton said. “ I would say it's expected. And Canada needs to remember how closely integrated our market is in the U.S. “Our supply chains are highly intertwined. In 2022, Canada exported, in U.S. dollars $438 billion to the US, and a significant portion of that – or 27 per cent of that -- Canada's merchandise exports to the U.S. were energy related, including oil, gas, electricity and uranium." What’s not well understood about Canada’s role in American energy security is the configuration of American oil refineries. Many of the large refineries in the U.S. – notably in the midwest and Gulf Coast -- are built to refine heavy crude, not the lighter oil produced in the U.S. in its shale oil sector. As a result of this, 61 per cent of the crude oil imported by the U.S. comes from Canada, according to the U.S. Energy Information Administration (EIA). Canadian heavy crude accounts for about 24 per cent of all crude oil consumption in the U.S. Depending on where oil prices are at, a 25 per cent tariff could add about $20 to the price of a barrel of oil for refiners, which would invariably result in higher prices for gasoline in the U.S. As for natural gas, in 2022, 99 per cent of American imports of natural gas were from Canada, according to the EIA, most of it from Alberta and B.C. The U.S. imported 3 trillion cubic feet of natural gas in 2022. Some of the natural gas now exported to the U.S. from Alberta and B.C. now feed LNG projects on the Gulf Coast, which would be affected by higher natural gas prices, as a result of tariffs. “Imposing tariffs on products like energy would cause chaos for our very integrated markets and our very integrated supply chains, and would have a devastating effect on Canada," Baiton said. "So whether that tariff threat comes to fruition or not, Canada is at a very real point of inflection.”

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DALLAS (AP) — Juan Soto gets free use of a luxury suite and up to four premium tickets behind home plate for regular-season and postseason New York Mets home games as part of his record $765 million, 15-year contract that was finalized Wednesday. The Mets also agreed to provide personal team security for the All-Star outfielder and his family at the team’s expense for all spring training and regular-season home and road games, according to details of the agreement obtained by The Associated Press. Major League Baseball teams usually provide security for player families in seating areas at ballparks. New York also agreed to assist Soto's family for in-season travel arrangements, guaranteed Soto will have uniform No. 22 and included eight types of award bonuses. Soto wore No. 22 with all his previous major league teams: the Nationals, Padres and Yankees. Young third baseman Brett Baty wore No. 22 with the Mets the past three seasons. The Mets will formally introduce Soto in a news conference Thursday afternoon at Citi Field. “This is a seminal moment in franchise history,” owners Steve and Alex Cohen said in a statement. “Juan Soto is a generational talent. He is not only bringing staggering historical statistics with him but also a championship pedigree." Soto's suite will be valued at the Mets' prevailing prices, presumably for tax purposes, and after 2025 he can by each Jan. 15 modify or give up his suite selection for the upcoming season. He can request the premium tickets, to be used by family members, no later than 72 hours before the scheduled game time. The Yankees had refused to offer Soto a free suite. “Some high-end players that make a lot of money for us, if they want suites they buy them ... whether it's CC (Sabathia), whether it’s (Aaron) Judge, whether it’s (Gerrit) Cole, whether it’s any of these guys," general manager Brian Cashman said. "We've gone through a process on previous negotiations where asks might have happened and this is what we did and we’re going to honor those, so no regrets there." Cashman said the Yankees have a shared suite for player families and a family room with babysitting. Soto gets a $75 million signing bonus, payable within 60 days of the agreement’s approval by the commissioner’s office. The deal for the 26-year-old slugger, which tops Shohei Ohtani's $700 million, 10-year contract with the Dodgers, was reached Sunday pending a physical that took place Tuesday. Soto receives salaries of $46,875,000 each in 2025 and 2026, $42.5 million in 2027, $46,875,000 apiece in 2028 and 2029 and $46 million in each of the final 10 seasons. Soto has a contingent right to opt out of the agreement within three days of the end of the 2029 World Series to become a free agent again, but the Mets have an option to negate the opt-out provision by increasing the yearly salaries for 2030-39 by $4 million annually to $50 million and raising the total value to $805 million. If the club exercises its option to negate the opt-out provision, Soto can make his opt-out decision by the fifth day after the World Series. He has a full no-trade provision and gets a hotel suite on road trips. “Today’s signing further solidifies our organizational commitment to consistent championship competitiveness,” Mets president of baseball operations David Stearns said. “Not only does Juan provide historic levels of on field production, but his joy, intensity, and passion for the game mirror our budding culture. We are thrilled to add him to our team and look forward to watching his excellence for years to come.” Soto would receive a $500,000 bonus for winning his first Most Valuable Player award and $1 million for each MVP award. He would get $350,000 for finishing second in the voting and $150,000 for finishing third through fifth. Soto was third in AL voting this year. He would earn $100,000 for each All-Star selection and Gold Glove, $350,000 for World Series MVP and $150,000 for League Championship Series MVP. Soto would get $100,000 for selection to the All-MLB first or second team, $150,000 for a Silver Slugger award and $100,000 for the Hank Aaron Award. Award bonuses are to be paid by the Jan. 31 after the season in which the bonus is earned. AP MLB: https://apnews.com/hub/mlbWhat OpenAI's Sora Means For The Future Of Truth

The West Yellowstone Police Department has announced the death of one of its officers, adding that an investigation is underway. “The West Yellowstone Police Department, along with the town of West Yellowstone, is deeply saddened to announce the tragic passing of Officer Ashlee Stoneburner,” the department posted Dec. 25 on its Facebook page. “Officer Stoneburner was a dedicated member of our department and community, and her loss has left a profound impact on all who knew her.” The circumstances surrounding her death is still under investigation by the Madison County Sheriff's Office/Coroner's Office, officials said, adding “we are committed to providing further information as it becomes available.” Officials said updates will be posted on the West Yellowstone Police Department’s official social media at . West Yellowstone officials said they appreciate “the community’s support and understanding as we work through this ongoing process.” “We kindly ask that you keep Ashlee’s family, friends, and fellow officers in your thoughts and prayers during this difficult time,” officials said in the post. They also asked for “privacy and respect for Officer Stoneburner’s loved ones as they navigate this heartbreaking loss.”Canadian freestyle skier star Mikael Kingsbury is juggling both moguls and fatherhood. The 32-year-old Olympic and world champion from Deux-Montagnes, Que., opens his World Cup season Saturday in Ruka, Finland, with partner Laurence Mongeon and their infant son Henrik in tow. Henrik was born Aug. 25. “It changes your life, that’s for sure,” Kingsbury said Tuesday from Ruka in a media conference call. “Get used to waking up in the middle of the night, but at the same time, it is the most beautiful thing in the world. “It brings a beautiful balance to my career.” While Kingsbury acknowledges there are great hockey players named Henrik, he says the inspiration for the name was his niece liking a boy named Henrik in her kindergarten class. “I always liked the name anyway,” Kingsbury said. “Laurence and I agree it fits his face. “I didn’t ski as much this summer because I wanted to be home and I wanted to be present. We’re five weeks on the road for the start of this season, so I couldn’t see myself doing five weeks without seeing my kid. “I would have missed my family too much, so I brought them on the road for three weeks.” Regarded as the most dominant moguls skier of all time, the Canadian achieved another significant milestone last season when he surpassed Swedish alpine skier Ingemar Stenmark for the most all-time World Cup victories by a male athlete in any ski discipline. Kingsbury embarks on his 16th World Cup season with a career 90 victories. He’s finished in the medals in 129 of 151 career World Cup starts. But while Kingsbury claimed last season’s dual moguls crown, Japan’s Ikuma Horishima challenged Kingsbury’s reign by claiming his first crystal globe in moguls. “The mindset is still the same. The goals are still the same,” Kingsbury said. “Coming into the season, I want to focus on one race at a time. That’s how you get to a crystal globe. “The main focus is being consistent, staying healthy to start the season, try to get the momentum of the start and stay healthy until the end of this season. “I usually start strong, and I can finish very strong, and that’s how you win crystal globes.” Kingsbury won an Olympic moguls gold medal in 2018 and silver in both 2014 and 2022. Dual moguls makes its Olympic debut in 2026 in Milan-Cortina, Italy. Kingsbury has swept both moguls and dual moguls gold medals in three straight world championships. He’ll attempt the double a fourth time March 18-21 in Engadin, Switzerland. “Henrik and my family now are my priority and skiing comes second, but I know I can still win,” Kingsbury said. “It’s going to be different. My family is going to be home and it might be a bit more difficult, but at the same time I see a lot of positive in being a dad. I feel way more relaxed on the mountain.” One secret to Kingsbury’s success has been his durability. His only major injury hiccup so far was fracturing two vertebrae in his back training in Ruka ahead of the 2020-21 season. Kingsbury sat out the first three World Cups and won the fourth upon return to action. He’s closer to the end of his career than the beginning, so quality training, not quantity, is important to him. “As I get older, I cannot do too much, but I’ve got to do the right amount and make sure I can peak in 2026,” he explained. “The challenge is going to be the best dad I can and the best skier I can and try to manage in the middle. It’s never going to be perfect, but I’m to do as best as I can and make sure I’m ready in 2026. “I feel fortunate for all the team (members) that I have around me, teammates, and all the coaches and staff that are working with me. They’re going to make my life easy when it’s going to be difficult.” This report by The Canadian Press was first published Nov. 26, 2024.

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