Latest news with #G3
Bloomberg
10-07-2025
- Business
- Bloomberg
BI's Worthington and Jersey On G3+ Rates: Macro Matters
US Treasury yields are the lowest among the G3+ once hedged back to US dollars, which is a topic discussed on this Macro Matter's edition of the FICC Focus podcast. Bloomberg US Interest Rate Strategist Ira Jersey is joined by his European Interest Rate Strategy counterpart Huw Worthington to discuss their thoughts on central bank policy action and the government bond markets in general. The two discuss why long end yields have been more sensitive to fears of deficit increases than shorter maturity bonds. Terminal users can see their note on how Treasuries are the lowest yielding sovereign bond market after currency hedged -
Business Times
02-07-2025
- Business
- Business Times
Indonesia's Pertamina seeks US$700 million loan to build vessels: sources
[JAKARTA] Indonesia's state-owned oil giant Pertamina and its shipping arm are seeking an offshore loan of about US$700 million for the construction of vessels, according to people familiar with the matter. Pertamina sent a request for proposals to banks for the loan in recent weeks, seeking a tenor of around ten years, the people said, who asked not to be named discussing private matters. The company and Pertamina International Shipping will be the borrowers of the proposed facility, they added. Discussions with lenders are preliminary and the deal's details could change, the people said. Pertamina International Shipping is seeking funds to support its fleet investment plan to strengthen its logistic services and boost business growth, said Muhammad Baron, PIS' company secretary to Bloomberg News when asked about the loan, without elaborating further. Indonesia's financial markets bounced back recently after a torrid few months, with global funds snapping up US$1.5 billion of government bonds in May, according to data compiled by Bloomberg. The country's offshore syndicated loans also took off in recent weeks, potentially marking a comeback after a period of muted activity. Sovereign wealth fund Danantara recently sent a request for proposals to banks for a multicurrency borrowing of as much as US$10 billion, in what could be South-east Asia's largest loan. Meanwhile, Indonesia's Ministry of Finance is marketing a 252.8-million euro (S$379.2 million) facility, a rare instance of the government body tapping the syndicated market. The Pertamina loan comes as Indonesian authorities investigate a US$12 billion corruption probe involving the oil giant. In May, Indonesian authorities contacted a number of Singapore-based trading companies to request their cooperation, and executives from Pertamina subsidiaries were arrested in February. The volume of loans denominated in US dollars, euro and the Japanese yen – also known as G3 currencies – from Indonesia slumped 27 per cent to US$3.9 billion so far in 2025 versus the same period last year, according to Bloomberg-compiled data. Pertamina International Shipping last raised a US$185 million syndicated loan in February 2023. Meanwhile, the group's upstream unit Pertamina Hulu Energi last week signed a US$1.2 billion revolving credit facility. BLOOMBERG
Business Wire
01-07-2025
- Automotive
- Business Wire
Grounded Debuts World's First Electric RV Engineered for True Four-Season Adventure
DETROIT--(BUSINESS WIRE)-- Grounded, the Detroit-based electric RV startup founded by former SpaceX engineers, today unveiled its most advanced camper van to date: the G3. Built on the all-electric General Motors BrightDrop platform, the G3 delivers a 286-mile combined range on a single charge and introduces industry-leading advancements in modular design, all-season comfort, and sustainability. Headquartered at Michigan Central, Detroit's new hub for mobility innovation, Grounded is part of a growing wave of companies shaping the future of how we move and live. The G3 reflects that mission by combining off-grid capability with smart, sustainable design for travelers who want freedom without compromising their values. 'The G3 is a next-gen offering for travelers who want to live, work, and roam in comfort, grounded in what matters,' said Grounded CEO Sam Shapiro. 'The G3 builds on everything we learned from our customers and from the G2. It's a ground-up reimagining of our smart, fully-electric RV that's based on real-world use. We replaced wood cabinetry with durable aluminum frames and 100% recycled tree-free materials, refined every wall panel and furniture module to deliver designer-grade aesthetics with pro-functionality, added a motorized lift bed that transforms into a California King, and designed a new insulated rear door that improves energy efficiency without sacrificing the view. We also reengineered the electrical system for 1,400W vehicle-to-house charging and added self-heating batteries to enable four-season travel. Every improvement from materials to layout was shaped by feedback from G2 owners. The G3 is smarter, stronger, and more adaptable than any other offering on the market today.' Key Features of the G3 The G3 is Grounded's most capable and comfort-focused electric camper van yet. Built on the Chevrolet BrightDrop Zevo 400 or 600 chassis, it is engineered for year-round performance. With a single-charge range of 286 miles and all-wheel drive, it's ready for both long-distance travel and rugged conditions. Its reinforced aluminum substructure supports a full suite of onboard systems, including rooftop HVAC, 1000W of solar, and Starlink internet, while maintaining structural integrity and maximizing space. Up to 20kWh of modular, self-heating LiFePO batteries power the G3's living systems, and can be recharged through rooftop solar, shore power, or a newly developed 1,400W vehicle-to-house charging system. With improved insulation and winterization, the G3 is built to operate in temperatures as low as 0°F without compromising comfort or power availability. Inside, the G3 introduces a refined, industrial-grade approach to materials: cabinetry is framed with aluminum and finished with 100% recycled materials in customizable colors and textures. The new cabinet system is more durable and low-maintenance than traditional RV interiors. These materials resist warping, scratching, and wear over time. The redesigned rear of the van replaces the roll-up garage door with a full-width swing-out entry, improving thermal efficiency and adding functional mount points for storage and gear – in addition to increasing interior standing height. Large windows throughout, including one in the rear door, provide natural light and panoramic views. All systems onboard are managed through Grounded's integrated Grounded+ App, which gives users remote access to power usage, tank levels, appliance controls, and system diagnostics via LTE or Bluetooth. The app's layout auto-adjusts to match the configuration of each customer's build. As with all Grounded vehicles, the G3 is backed by BrightDrop's 8-year/100,000-mile platform warranty and includes a one-year interior warranty. It's compatible with CCS fast chargers nationwide and comes with a CCS-to-NACS adapter for access to Tesla Superchargers. Combined with access to a growing BrightDrop service network, the G3 offers long-haul freedom with the reliability and support of a nationwide EV ecosystem. An Industry-Leading Leap in Modular Architecture and Sustainable Materials Grounded Chief Product Officer Nadia Meyer explains: 'For our customers, the van is a culmination of their dream lifestyle and values. It's an act of quiet rebellion to break out of the mundane and redesign their lifestyle to be filled with nature and beauty. The aesthetics and function of every detail are critical for such a compact space. Grounded's design philosophy is form follows function.' Cabinetry throughout the G3 is constructed entirely without wood, using industrial-grade aluminum framing concealed behind paneling made from 100% recycled materials including household appliances and single-use plastic utensils. Unlike veneered surfaces, these materials are homogenous, meaning they're less prone to damage and never require edge banding or special finishes. They're part of a specially designed capsule material collection available in a range of colors and textures - all of which can be previewed in Grounded's new online Configurator Tool. The Configurator Tool, available at allows customers to build out every aspect of their G3 from floor plan tier to cabinetry color, bed fabric, and countertop texture, while watching their custom camper come to life in real-time 3D. An orbital camera lets users view the vehicle from any angle, inside and out, while each step in the process reflects their personal preferences and priorities. After submitting a build, Grounded's team follows up directly to finalize details and assist with next steps. One of the most flexible features of the G3 is its multi-position bed platform, which can be raised or lowered at the touch of a button. In its lower position, it supports a spacious sleeping arrangement that can expand to California King size. When not in use, the bed lifts out of the way, opening up a comfortable lounge or workspace below. A new outdoor patio functionality with a pull-out drawer that has an integrated counter for cooking and dining, as well as compartments to store cooking equipment and outdoor chairs. Rear seating for driving with additional passengers in the rear is also currently in development, and expected to be available for the G3 in the Fall of 2025. 'For the G3, we've combined sustainable materials with modular architecture that's built to last,' said Nick Fitzpatrick, Head of Design at Grounded. Modular Luxury Meets Customization Using Grounded's new Configurator Tool, G3's can be customized across three tiers: G3 Form ($165K): A sleek, minimalist build with a queen bed and essential furnishings G3 Function ($180K): Adds expanded kitchen, lounge, and power for extended trips G3 Freedom ($200K): Fully loaded with max battery, Starlink, lift bed, bathroom, and bespoke finishes Built on BrightDrop for Performance and Safety Available on the Zevo 400 or Zevo 600 platform (now under Chevrolet), the G3 includes all-wheel drive, 11,000 lb GVWR, and industry-leading safety features like Enhanced Automatic Emergency Braking, Forward Collision Alert, and more. Grounded has recently expanded its builds to support commercial applications across mobile health, food and beverage, pet, trades, and office verticals. About Grounded Founded by ex-SpaceX engineers, Grounded is redefining electric travel through smart, sustainable RVs. With modular interiors, off-grid connectivity, and mission-critical design, Grounded empowers people to live, work, and explore anywhere — without harming the planet. About Michigan Central Michigan Centra l is a 30-acre technology and cultural hub in Detroit, where leaders, thinkers, communities, and creators come together to accelerate bold ideas and technologies that shape our collective future. By providing access to world-class infrastructure, tools, and resources, Michigan Central inspires innovators and community members to collaborate on real, ground-breaking solutions to global problems. Since opening in April 2023, Michigan Central has grown into a diverse ecosystem of nearly 250 companies and startups working at the intersection of mobility, technology, and society. Learn more at Michigan Central. Social Grounded @groundedrvs
Hans India
01-07-2025
- Climate
- Hans India
Monsoon fashion for the desi romantic
Monsoon is not just a season - it is another cinematic universe. Think about it: brooding skies, gentle rains, tangled hair, soulful melodies, and of course, a choli that wraps just right, making you feel like you walked out of a 90's love song. The desi romantic does not simply exist in the rain- she thrives in it. While the rest of the world reaches for hoodies and crocs, we are swishing around in bandhni skirts, slurping masala chai under dupattas, and splashing in puddles poetically. 'Desi fashion in monsoon can be a slippery slope (literally and figuratively). Heavy silks, dragging hemlines, and clingy synthetics can transform your Bhool Bhulayya style into a soggy mess before you can say 'we have to save this outfit!' This is where easy, breathable, and downright breezy ethnicwear enters the picture- clothes that move with the air, defies the rain, and can still credibly claim it came out a Sabyasachi day dream.' says Jigar Patel, ,MD of G3+ Fashion Dupatta Drama, But Drape and Dash Rain or no rain, we always have dupatta! Instead of heavy embroideries or multiple layers exhausting the weight capacity of rains, reach for light as a feather mul cottons, chiffons or kota dorias. Consider a belted dupatta look so it does not lift away with the monsoon gust, or your dignity, on behalf of your Punjabi pride. Choli But Chill The choli is taking on the monsoon too! Instead of heavy velvet, brocade or the goddess of all - brocade silk- opt for a breezy ikats, cotton silks, and gamchas. Let the choli be paired with a high-waist skirt, or even palazzos for a flirty enchanted yet functional fit. Bonus? A little bit of skin under the rain has never hurt a desi romantic. Lehenga Lite: Swish Without the Slosh Who says lehengas are just for desi weddings? A lightweight kalidaar cotton or mulmul skirt with a simple crop top or blouse can become your go-to monsoon staple. You get the swirl, the drama, and breathability without the bulk, and heartbreak of getting your lehenga sporting muddy borders. Saree, Not Sorry: The Ultimate Wet-Weather Wrap Stars The monsoon saree is a category all by itself. Keep it easy-to-drape and easy-dry: chanderi, linen, or cotton blends all work. Drape it low, put on a quirky blouse, let down your hair. Nothing beats a wet saree moment even if you're just running down for a cup of chai! Desi fashion doesn't have to be left alone in the rhubarb when the clouds come calling. In fact, it should cry out! Through the undulations of you skirt, the flutters of your dupatta, the jangling of your anklet in a rain-sodden courtyard. 'Cholis & Chai' is not just a mood it's a lifestyle. One that invites you to romance the rains, the rhythms and most importantly yourself. So, the next time thunder rolls in, don't reach for a raincoat. Reach for that kurta, pour yourself a hot cup of chai and go be the monsoon muse you were born to be.
Cedar News
30-06-2025
- Cedar News
VIDEO: Another Aircraft Gets Stuck on Fernando de Noronha Airport Apron After Asphalt Sinks
Fernando de Noronha, Brazil – June 30, 2025 For the second time in a week, an aircraft became stranded at Fernando de Noronha Airport after the asphalt on the apron gave way beneath it. On Sunday (29), a Gol Linhas Aéreas Boeing 737 got stuck while taxiing for takeoff on flight G3 1776, bound for São Paulo (Guarulhos) after arriving from Recife. The incident occurred with more than 100 passengers on board. Fortunately, no one was injured. Passengers were asked to disembark and wait while the aircraft was repositioned and the issue addressed. In an official statement, Gol confirmed that the aircraft encountered the issue during taxiing, attributing the problem to a section of the airport's asphalt that 'gave way.' The airline reported that the plane was promptly repositioned, and the flight continued to its destination without further complications. This is the second such incident in just over a week. On June 22, an Azul Embraer 195-E2 also became stuck on the apron under similar circumstances, raising concerns about the structural integrity and maintenance of the island's airport infrastructure. Authorities have not yet issued a statement regarding the repeated incidents or any planned measures to prevent future occurrences.
