Spain to close most remaining coal mines by year’s end

first_img FacebookTwitterLinkedInEmailPrint分享The Guardian:Spain is to shut down most of its coalmines by the end of the year after government and unions struck a deal that will mean €250m (£221m) will be invested in mining regions over the next decade.Unions hailed the mining deal – which covers Spain’s privately owned pits – as a model agreement. It mixes early retirement schemes for miners over 48, with environmental restoration work in pit communities and re-skilling schemes for cutting-edge green industries.Teresa Ribera, the minister for ecological transition, said: “With this agreement, we have solved the first urgent task we had on the table when we came to government. Our aim has been to leave no one behind. We also want to go further, we want to innovate. That is why we offer the drawing up of ‘Just Transition’ contracts, with the aim of helping the regions to consolidate the employment of the future.”More than a thousand miners and subcontractors will lose their jobs when 10 pits close by the end of the year. Almost all of the sites were uneconomic concerns that the European commission had allowed Spain to temporarily keep open with a €2.1bn state aid plan.Montserrat Mir, the Spanish confederal secretary for the European Trades Union Congress, said the “just transition” model could be applied elsewhere. “Spain can export this deal as an example of good practice,” she said. “We have shown that it’s possible to follow the Paris agreement without damage [to people’s livelihoods]. We don’t need to choose between a job and protecting the environment. It is possible to have both.”Spain’s coal industry employed more than 100,000 miners in the 1960s, but its energy dominance was eroded by cheap imports and increasing awareness of the industry’s environmental, health and climate costs. National coal provides just 2.3% of Spain’s electricity.More: Spain to close most coal mines in €250m transition deal Spain to close most remaining coal mines by year’s endlast_img read more

Brisbane to lead the nation in house price growth as property market finally heats up

first_imgAnalysts are forecasting big things for Brisbane’s housing market. Photo: Jodie Richter.That’s a phenomenal improvement for a city that saw just 0.3 per cent growth in home values in the past 12 months, according to property researcher CoreLogic.The sunshine state is finally starting to see a boost in interstate migration — particularly from New South Wales — with prospective buyers lured by its comparative affordability.The latest Australian Bureau of Statistics figures show Brisbane had the highest internal migration rate of any Australian city during 2016-17, with 10,500 Sydneysiders and more than 6400 Melburnians making the move here. 10 PRICIEST SUBURBS TO RENT IN QLD BIS expects Brisbane house prices to grow around the level of inflation (2—3 per cent per annum) to 2019/20, before stronger growth of six per cent is forecast in 2020/21. “Some green shoots look like they are starting to emerge in the Brisbane market,” BIS senior manager Angie Zigomanis said.“However, any upturn is likely to be delayed until economic conditions pick up and excess stock is further absorbed.” Brisbane house price growth is set to lead the nation in three years, according to BIS Oxford Economics. Picture: Richard Walker.‘PATCHY’, ‘flat’, ‘tepid’ — these are just some of the less than flattering buzz words used to describe Brisbane’s housing market in recent years.How does ‘hot’ sound instead?While the powerhouse property markets of Sydney and Melbourne have been basking in the glory of unsustainable house price growth, the Queensland capital has been waiting calmly in the shadows for its time to shine.And that time has come. GET THE LATEST REAL ESTATE NEWS DIRECT TO YOUR INBOX HERE Analysts are forecasting big things for Brisbane’s residential property market, thanks to a slowdown in construction coupled with a boost in interstate migration and economic growth. In its latest report, industry forecaster BIS Oxford Economics predicts Brisbane will experience the highest house price growth of all capital cities over the next three years — jumping 13 per cent, or $70,000, to a median of $620,000. A house for sale in the Brisbane suburb of Stafford. Image: AAP/Glenn Hunt.More from newsParks and wildlife the new lust-haves post coronavirus18 hours agoNoosa’s best beachfront penthouse is about to hit the market18 hours agoSome areas are set to perform better than others, with the latest CoreLogic-Moody’s Analytics report forecasting a rise in home values in Brisbane’s inner and west markets and a modest decline in the southern suburbs of Carindale, Holland Park and Sunnybank, where values have already run hard — up 40 per cent since mid 2012. MILLIONS CHANGE HANDS DURING HUGE AUCTION WEEK CoreLogic found Brisbane’s middle valued suburbs recorded the strongest growth in the 12 months to March this year, while local prestige real estate agents say 2017/18 has been one of their strongest years ever when it comes to the top end of the market.They’ve noticed more properties selling above $4 million, as Sydney and Melbourne buyers recognise they can get a lot more bang for their buck in Brisbane.center_img This home in the Brisbane suburb of Ascot just sold for $4.25m.BIS Oxford Economic’s analysis follows reports last week where ANZ, Macquarie Securities and UBS issued favourable assessments of the Brisbane residential market, while the global ratings agency Moody’s Analytics declared the worst was over for Brisbane home values.ANZ sent east coast homeowners into a panic last week when it predicted Sydney and Melbourne house prices would likely slump 10 per cent, but it had no such bad news for Brisbane. WHAT QUEENSLANDERS WANT IN A HOME ANZ senior economist Daniel Gradwell said Brisbane’s improving economy and population growth would keep it “insulated” from the impending property correction in its neighbouring cities.“We’re seeing demand is picking up now because Brisbane and the rest of Queensland’s population growth is really improving and confidence is pretty strong and that’s likely to accelerate,” Mr Gradwell said.In good new for property investors, rental vacancy rates are also declining, marking a significant turnaround in Brisbane’s rental market.“We believe that a rise in interstate migration is lifting population growth rates in Brisbane plus the peak in unit completions is creating this turnaround,” SQM Research managing director Louis Christopher said.Both the Gold Coast and Sunshine Coast have experienced significantly stronger house price growth than Brisbane since 2012, according to BIS Oxford Economics.That price growth is expected to slow due to rising supply, but BIS still expects house prices to increase another 6 per cent in both markets by 2021.It appears the downturn has finally stabilised in the wake of the mining boom in Townsville, with the median house price on track to rise by 9 per cent over the next three years thanks to an improving unemployment rate and rising tourism arrivals.The Cairns market looks to be running out of steam after steady price growth to 2017, with price growth set to remain flat in the near term.last_img read more

What time is the NBA trade deadline 2019? Latest news, rumors, top targets

first_imgMORE: Pelicans may make counter-offer to LakersWe’ve already seen one blockbuster so far with the Knicks trading Kristaps Porzingis to the Mavericks. The Pelicans are also discussing potential deals for Anthony Davis, so there could be plenty of fireworks before deadline day.Here’s everything you need to know ahead of the 2019 NBA trade deadline.When is the NBA trade deadline?The NBA trade deadline is Thursday, Feb. 7. The cutoff point is 3 p.m. ET, though the news of some trades may emerge shortly after that deadline.Who are the top targets at the NBA trade deadline?Anthony Davis, Pelicans: Yep, that guy. The five-time All-Star forward has requested a trade out of New Orleans. That doesn’t mean the Pelicans will deal him before the deadline, though. They could wait until the summer when the Celtics can put together a strong trade package and drive up their asking price.JR Smith, Cavs: The Rockets and Pelicans have previously expressed interest in Smith, who has been floating in basketball purgatory after accusing the Cavs of tanking. In the right environment, Smith could at least provide a spot-up shooting, but his past couple years in Cleveland have been rough.Robin Lopez and Jabari Parker, Bulls: Chicago won’t back down in buyout negotiations with Lopez, leaving the big man stuck on a bad squad with limited opportunities. Parker’s predicament isn’t much better with the former Duke star removed from head coach Jim Boylen’s rotation.Wayne Ellington, Heat: Sporting News’ Sean Deveney reported back in December that the Lakers could be targeting Ellington to add some much-needed shooting to their roster. They won’t be the only team asking about Ellington’s status. (Important note: Ellington can veto any trade because he signed a one-year deal this past offseason and has full Bird Rights next summer.)Enes Kanter, Knicks: Multiple teams have already inquired about Kanter, who is averaging a double-double for the lowly Knicks. His play isn’t what makes him attractive, though — Kanter would be helpful for salary-cap reasons, as he is on an expiring contract ($18.6 million).A few Hawks players: Atlanta isn’t concerned with its record. The Hawks should be focused on acquiring assets. Kent Bazemore and Dewayne Dedmon could be available, but the most intriguing trade piece might be Jeremy Lin. The Pelicans, Sixers and Trail Blazers have all asked about the backup point guard, according to Sporting News’ Sean Deveney.A few Magic players: This situation is slightly different. Orlando is just outside of the East playoff bracket, so the Magic’s front office could put a fire sale on hold. Terrence Ross and Jonathon Simmons will likely be part of multiple trade discussions before the deadline passes. Even leading scorers Nikola Vucevic and Aaron Gordon don’t feel completely safe at the moment.Latest NBA trade rumors and news— TRADE: Sixers land Tobias Harris in stunning blockbuster— TRADE: Bucks send Thon Maker to Pistons for Stanley Johnson— TRADE: Lakers acquire Reggie Bullock from Pistons— Wizards “not budging” on core trio ahead of deadline— Lakers end talks with Pelicans over “outrageous” demands— Grizzlies, Hornets skeptical on Marc Gasol trade, SN sources say— Lakers have discussed dealing for Bulls’ Jabari Parker— Clippers’ Tobias Harris drawing interest from multiple teams— TRADE: Rodney Hood heading to Trail Blazers — TRADE: Knicks send Kristaps Porzingis to Mavs— Anthony Davis won’t re-sign with Pelicans, demands trade— Grizzlies will listen to offers for Marc Gasol, Mike Conley The NBA trade deadline is approaching, and things are escalating quickly.A little past the halfway point in the season, 11 teams in the East are battling for eight playoff spots, and about 12 West squads are pushing for postseason play. That means the moves by contenders could make a greater impact than usual.last_img read more