Latest news with #FMG
The Hindu
3 days ago
- Health
- The Hindu
Foreign medical graduates working in Telangana demand equal pay and recognition
Hundreds of Foreign Medical Graduates (FMGs) working as interns/house surgeons across Telangana's government and private hospitals have raised concerns over persistent disparities in stipend, recognition and working conditions, despite shouldering equal responsibilities as their Indian-trained counterparts. The Telangana Junior Doctors Association (T-JUDA), in a formal representation submitted to the Director of Medical Education (DME), has called for urgent intervention to address what they term as 'systemic discrimination' against FMG house surgeons. The representation, made on behalf of FMG interns deployed across 34 government hospitals and several private institutions in the State, highlights how these medicos, who cleared the mandatory Foreign Medical Graduate Examination (FMGE) conducted by the National Board of Examinations (NBE), are being pushed to the margins despite their contribution to the State's healthcare system. 'Once certified, we are allotted internships by the Telangana Medical Council (TGMC) based strictly on merit. We are posted in district hospitals, teaching institutions, and tertiary care centres where we carry out full clinical duties, including emergency care, ward management, and documentation. Yet, we are paid a stipend of ₹5,000 per month, the lowest among all medical interns in the State, and in several cases, even this amount is delayed for months or not disbursed at all,' said a FMG intern posted at a district hospital. 'This is far below the salary paid even to Class IV employees in hospitals. The disparity is not just financial but that of neglecting FMGs despite their service,' the intern added. A Government Order (GO) issued by the Telangana government in 2023 mandated a monthly stipend of ₹25,906 for MBBS interns working in both government and private medical colleges. This amount was revised to ₹29,792 through an updated GO issued on June 28, 2025. Dr. Issac Newton, President of T-JUDA pointed out that FMG interns are routinely deployed to manage critical responsibilities due to staff shortages. In some hospitals, they are expected to function at the level of Casualty Medical Officers (CMOs), handling emergency rooms and night shifts. 'They do equal work, but there is no equal recognition or pay,' he added. Another intern said 'Most FMGs, now in their late twenties, face financial and emotional stress. Many have taken large education loans to study abroad and return home with the hope of serving the public. The uncertainty and irregularity in stipends are adding to their mental strain, affecting both morale and performance.' Calling for urgent redressal, JUDA placed three specific demands before the DME. These include immediate inclusion of FMG interns under the revised house surgeon stipend structure, timely and equal disbursement of stipends across all government and private hospitals and formal recognition of FMGs as equal contributors to the healthcare workforce, in line with National Medical Commission (NMC) guidelines.
Reuters
6 days ago
- Business
- Reuters
Fortescue iron ore shipments rise; scraps US, Aussie green hydrogen projects
July 24 (Reuters) - Australia's Fortescue ( opens new tab on Thursday posted record fourth-quarter shipments that helped the miner meet the top end of its full-year guidance, and said it would scrap its U.S. and Australian green hydrogen projects. The Perth-based company said it would not proceed with its Arizona Hydrogen Project in the U.S. and the PEM50 Project in Gladstone, Australia, following a review. It is assessing options to repurpose the land and assets. Fortescue also expects a preliminary pre-tax writedown of about $150 million in its second-half results, linked to spending on the PEM50 Project, electrolyser manufacturing equipment in Gladstone, and engineering costs for the Arizona Hydrogen Project. The mining giant expects to ship between 195 million and 205 million metric tons of iron ore in fiscal 2026, including 10 million to 12 million tons for Iron Bridge on a 100% basis. Iron Bridge is Fortescue's sole magnetite operation, located in Western Australia's Pilbara region. The company forecast metals capital expenditure of $3.3 billion to $4 billion in fiscal 2026. It posted quarterly iron ore shipments of 55.2 million metric tons (Mt), up from 53.7 Mt a year earlier and above a Visible Alpha estimate of 52.5 Mt, supported by improved processing of the steel-making commodity. Fortescue, chaired by billionaire founder Andrew Forrest, shipped 198.4 Mt of iron ore in fiscal 2025 - its highest on record - and met the top end of its 190–200 Mt annual guidance. Larger rival BHP ( opens new tab last week reported record copper output in fiscal 2025 while iron ore mining giant Rio Tinto ( opens new tab logged its strongest second-quarter iron ore production since 2018.
Business Wire
16-07-2025
- Business
- Business Wire
Fincantieri Brings Together Thought Leaders to Discuss U.S. Shipbuilding Renaissance
WASHINGTON--(BUSINESS WIRE)--Fincantieri, the global leader in high-complexity shipbuilding, hosted 'FULL SPEED AHEAD: The U.S. Shipbuilding Renaissance' yesterday in Washington, D.C., bringing together senior voices from government, industry, and the national security community to examine the strategic future of American maritime power. 'This is a defining moment for American shipbuilding—and Fincantieri is here to stay." Share The event opened with remarks from George Moutafis, newly appointed CEO of Fincantieri Marine Group (FMG), and Jan Allman, CEO of Fincantieri Marinette Marine, who reaffirmed the company's long-term commitment to the United States through its unique 'System of Shipyards' across Wisconsin. This advanced industrial network—operating in Marinette, Sturgeon Bay, Green Bay and Florida —employs more than 3,000 people and stands as a cornerstone of Midwest manufacturing resurgence. Moderated by Vice Adm. Rick Hunt, President of FMG, the expert panel featured Dr. Cynthia Cook (Center for Strategic and International Studies), Hon. Russell Rumbaugh (Atlantic Council), and Dr. Stacie Pettyjohn (Center for a New American Security). The discussion focused on the evolving defense-industrial landscape and how the U.S. can rebuild a resilient, sovereign shipbuilding base. Closing the event, Pierroberto Folgiero, CEO and Managing Director of Fincantieri, stated: 'This is a defining moment for American shipbuilding—and Fincantieri is here to stay. We are not just investing in infrastructure; we are investing in the future of maritime security, industrial innovation, and the skilled workforce that powers it. With a new management team leading our U.S. operations, we are accelerating our commitment to deliver next-generation capabilities in full alignment with U.S. strategic priorities.' Looking ahead, Fincantieri is focused on strengthening every dimension of its U.S. presence. The company is advancing innovation across its operations to deliver mission-driven platforms and digitalized shipyards. It is also expanding its supplier base to ensure long-term industrial sustainability while investing in the training and upskilling of the next generation of American shipbuilders. The company's Sustainable Shipyards™ model is setting a new standard for environmental and operational excellence, making shipbuilding not only stronger, but cleaner and more future-ready. With more than $800 million invested in U.S. facilities and over 900 suppliers across 43 states, Fincantieri brings to the table a proven industrial model, a resilient supply chain, and an experienced workforce of over 3,000 employees in Wisconsin. Leveraging its global expertise and advanced capabilities, Fincantieri stands ready to support the United States in strengthening its shipbuilding industrial base—through innovation, execution excellence, and long-term strategic partnership. Fincantieri is one of the world's largest shipbuilding groups, the only one active in all high-tech marine industry sectors. It is leader in the construction and transformation of cruise, naval and oil & gas and wind offshore vessels, as well as in the production of systems and component equipment, after-sales services and marine interiors solutions. Thanks to the expertise developed in the management of complex projects, the Group boasts first-class references in infrastructures, and is a reference player in digital technologies and cybersecurity, electronics and advanced systems. With over 230 years of history and more than 7,000 ships built, Fincantieri maintains its know-how, expertise and management centres in Italy, here employing over 11,000 workers and creating around 90,000 jobs, which double worldwide thanks to a production network of 18 shipyards operating worldwide and with over 22,000 employees.
The Age
15-07-2025
- Business
- The Age
The top 20 stocks most popular with investors this year
As market uncertainty and volatility persist, advisers are urging investors to look beyond familiar stocks and embrace diversification across asset classes and geographies. However, these cautionary messages are resonating differently with various types of investors. A portion of investors doubled down on familiar stocks in the first six months of 2025, while others added Exchange Traded Funds (ETFs) to their holdings. Retail investors broadly piled into established miners such as BHP Group (BHP), Fortescue (FMG), Woodside Energy Group (WDS) and Pilbara Minerals (PLS) in early 2025 – but self-managed super funds (SMSFs) with more than $3 million in assets pursued an alternative approach, buying broad sector and geographic exposure via select ETFs. Among retail investors generally, the trend to buy miners and take profits in some bank stocks was a persistent feature in the first half of 2025. Mining stocks, buoyed by strong commodity prices, were a popular pick in the first half of 2025. BHP was the most bought stock over the period. They also leaned heavily into well-known blue-chip stocks such as FMG, WDS, and Commonwealth Bank of Australia (CBA) in the first six months of 2025. These stocks have traditionally formed the backbone of retail portfolios, often driven by familiarity and a perceived stability – along with high dividend yields. Yet, despite strong returns from these sectors, some analysts are cautioning that concentrated exposure to such expensive stocks could be risky given the broader economic context and stretched valuations. Advisers are picking up on those cues: our data shows they steered their clients away from an over-reliance on a handful of large-cap Australian stocks, encouraging allocations to global equity ETFs. Strategies to navigate macro uncertainty have extended into defensive allocations to hybrids, subordinated debt, and investment grade credit ETFs such as Betashares Hybrids and VanEck Sub Debt ETF – satisfying investor demand for income with downside protection.
Sydney Morning Herald
15-07-2025
- Business
- Sydney Morning Herald
The top 20 stocks most popular with investors this year
As market uncertainty and volatility persist, advisers are urging investors to look beyond familiar stocks and embrace diversification across asset classes and geographies. However, these cautionary messages are resonating differently with various types of investors. A portion of investors doubled down on familiar stocks in the first six months of 2025, while others added Exchange Traded Funds (ETFs) to their holdings. Retail investors broadly piled into established miners such as BHP Group (BHP), Fortescue (FMG), Woodside Energy Group (WDS) and Pilbara Minerals (PLS) in early 2025 – but self-managed super funds (SMSFs) with more than $3 million in assets pursued an alternative approach, buying broad sector and geographic exposure via select ETFs. Among retail investors generally, the trend to buy miners and take profits in some bank stocks was a persistent feature in the first half of 2025. Mining stocks, buoyed by strong commodity prices, were a popular pick in the first half of 2025. BHP was the most bought stock over the period. They also leaned heavily into well-known blue-chip stocks such as FMG, WDS, and Commonwealth Bank of Australia (CBA) in the first six months of 2025. These stocks have traditionally formed the backbone of retail portfolios, often driven by familiarity and a perceived stability – along with high dividend yields. Yet, despite strong returns from these sectors, some analysts are cautioning that concentrated exposure to such expensive stocks could be risky given the broader economic context and stretched valuations. Advisers are picking up on those cues: our data shows they steered their clients away from an over-reliance on a handful of large-cap Australian stocks, encouraging allocations to global equity ETFs. Strategies to navigate macro uncertainty have extended into defensive allocations to hybrids, subordinated debt, and investment grade credit ETFs such as Betashares Hybrids and VanEck Sub Debt ETF – satisfying investor demand for income with downside protection.
