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On January 22, South Korea unveiled a comprehensive set of artificial intelligence (AI) regulations on Thursday, calling it "the worlds first of its kind," aimed at strengthening trust and safety in the industry. However, startups worry that compliance could hinder their growth. South Korea hopes the new Basic Law on Artificial Intelligence will make it a leader in the field, while the EUs AI Act will be implemented in phases until 2027. Global disagreements persist on AI regulation, with the US favoring a more lenient approach to avoid stifling innovation. The bill, drafted after extensive consultation, will give companies at least a one-year grace period before authorities impose administrative fines for violations. Penalties can be severe. For example, companies failing to label generative AI could face fines of up to 30 million won (approximately $20,400). Jeong Joo-yeon, a senior researcher at the Startup Alliance, a South Korean startup consortium, said the legal wording is very vague, and companies may default to the safest approach to circumvent regulatory risks.Danish Prime Minister: As long as the dialogue is conducted on the basis of respect for our territorial integrity, we will continue to have constructive dialogue on Arctic security issues.On January 22, according to the China Trade Remedy Information Network, on January 20, 2026, the U.S. International Trade Commission voted to issue an affirmative final determination of injury in its first sunset review of antidumping and countervailing duty orders on staples imported from China. The Commission determined that if the existing antidumping and countervailing duty measures were removed, material injury to the U.S. domestic industry from imports of the products in question would likely continue or recur within a reasonably foreseeable period. Based on the final determination, the existing antidumping and countervailing duty measures in this case remain in effect.Hindustan Petroleum executives: Will evaluate purchasing Venezuelan crude oil.January 22nd Futures News: 1. WTI crude oil futures trading volume was 853,173 lots, a decrease of 424,396 lots from the previous trading day. Open interest was 1,968,568 lots, an increase of 4,209 lots from the previous trading day. 2. Brent crude oil futures trading volume was 219,435 lots, a decrease of 89,454 lots from the previous trading day. Open interest was 245,113 lots, an increase of 5,065 lots from the previous trading day. 3. Natural gas futures trading volume was 1,449,679 lots, a decrease of 71,219 lots from the previous trading day. Open interest was 1,598,392 lots, a decrease of 15,633 lots from the previous trading day.

Desalination Plant in California Suffers Setback With Recommendation For Denial

Haiden Holmes

Apr 26, 2022 10:07

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The commission, which has the authority to reverse staff decisions but does so infrequently, is due to vote on the project on May 12.


Desalination, environmentalists argue, annihilates ocean life, consumes excessive amounts of money and energy, and will soon be rendered obsolete by water recycling.


Poseidon Water, the infrastructure subsidiary of Canada's Brookfield Asset Management, is proposing the desalination facility near Huntington Beach, just south of Los Angeles.


Poseidon has been attempting to secure approval for the project for more than two decades, spending an estimated $100 million in the process.


With the Western states of the United States suffering from a prolonged drought, officials appeared to be on the verge of approving the Huntington Beach facility. Last year, the business expressed sufficient confidence to discuss breaking ground on the $1.4 billion factory by the end of 2022.


Poseidon has operated a comparable facility in Carlsbad since 2015, although it was permitted locally prior to the state enacting regulations governing desalination plants.