Podcast appearances and mentions of Sanjeev Gupta

Small business owners in the bush predict the increase in minimum wage will put more pressure on owners and the prices they charge. 

CGD's Sanjeev Gupta and Benedict Clements of Universidad de Las Américas discuss the considerations that influence the design of sound monetary and fiscal policies, the role of income taxes, and the kinds of reforms that can bring equity to both emerging and advanced economies. 

The pandemic was a brutal reminder of how crucial public health systems are, yet health budgets in many countries are still underfunded. Developing economies generally do not allocate sufficient domestic resources to health and external financing is becoming increasingly difficult to secure. Sanjeev Gupta is a senior policy fellow at the Center for Global Development and coauthor with Victoria Fan of How to Heal Health Financing, published in Finance and Development magazine. In this podcast, Gupta says greater revenue collection and improved budget execution would strengthen health systems in low-income countries and reduce the need for foreign assistance. Transcript: https://bit.ly/4hRwZSP Read the article in Finance and Development: IMF.org/fandd

Sanjeev Gupta's Whyalla steelworks has been taken over by administrators KordaMentha after owing millions of dollars to creditors.See omnystudio.com/listener for privacy information.

Paul Barry famously wrote about the rise, fall and failings of Alan Bond. He has spent time looking into another billionaire businessman, Sanjeev Gupta.

In 2017, the billionaire businessman Sanjeev Gupta rescued the Whyalla steelworks from administration, becoming known as the “saviour of steel”. There was hope in this small town, 400 kilometres north of Adelaide, that steelmaking would continue and the thousands of people who rely on the steelworks for their livelihoods would get a reprieve. But now, the 60-year-old steelworks has been losing $1 million a day, and if it is forced to close – which looks increasingly likely – the town will be hit for six. Recently, investigative journalist and former host of the ABC’s Media Watch Paul Barry visited Whyalla, to find out how the town can be saved and what a transition to green steel might look like. Socials: Stay in touch with us on Twitter and Instagram Guest: Investigative journalist and former host of the ABC’s Media Watch Paul BarrySee omnystudio.com/listener for privacy information.

This week on The Fin podcast, senior reporter Simon Evans and Rear Window editor Myriam Robin on Sanjeev Gupta's flashy property purchase, his financial troubles and the South Australian town caught in the middle.This podcast is sponsored by UNSWFurther reading:Whyalla steelworks running out of options as taxpayer rescue resistedThe SA premier says it's time Sanjeev Gupta took some action, with governments wary of taxpayer funds being siphoned off to overseas parts of GFG Alliance.The town bearing the brunt of Sanjeev Gupta's financial nightmareThe British industrialist's steelworks looms over Whyalla, population 21,900. There's plenty at stake if things go south.Sanjeev Gupta buys on Sydney waterfrontThe steel magnate is cutting jobs and salaries at the Whyalla steelworks one week, and splashing out for prime Sydney waterfront property the next.See omnystudio.com/listener for privacy information.

Et ass eng onverständlech Situatioun: Säit dräi an hallef Jore ginn d’Employéë vu Liberty Steel zu Diddeleng bezuelt, fir bal näischt ze schaffen. D’Stolwierk steet stell, déi ronn 160 Aarbechter*innen hu keng Aarbecht. An der leschter Zäit, huet sech d’Lag nach verschlëmmert: Säit Woche waarden d’Employée*n op hire Loun vum August, mä bis elo ass keen*t bezuelt ginn. D’Syndikater sinn alarméiert, den Aarbechtsministère suivéiert d’Situatioun. De Fabien Grasser präsentéiert dëst Woch seng exklusiv Recherche zum Thema an erkläert, wéi et dozou komm ass, wéi eng Zukunft d’Stolwierk an d’Aarbechter*inne erwaarde kéint a wat de Milliardär Sanjeev Gupta mat allem ze dinn huet. Den Artikel, iwwert dee mir geschwat hunn: Liberty Steel Dudelange : chronique d'une débâcle annoncéeThe post Liberty Steel an der finanzieller Kris first appeared on Radio ARA.

Ostravská huť Liberty je v problémech. Jak se z dříve prosperující huti stal ztrátový podnik? Jakou roli v neutěšené finanční situaci firmy Liberty Ostrava hraje její zahraniční majitel Sanjeev Gupta? Pomůže největšímu výrobci oceli v Česku nakonec stát? A dokázal by se Moravskoslezský kraj v případě bankrotu firmy postarat o tisíce lidí bez práce?Host: Daniel Novák - redaktor byznysové redakce Seznam ZprávČlánek a další informace najdete na webu Seznam ZprávySledujte nás na sociálních sítích X (Twitter), Instagram nebo Threads. Náměty a připomínky nám můžete psát na e-mail zaminutusest@sz.cz

Elon Musk and Larry Page's differing views on AI, AMC's optimistic future after equity raise, Bernie Sanders calls on automaker CEOs to end greed, DocGo CEO resigns over false educational record, FTC Chairwoman affected by cyberattack on MGM Resorts, Durban business chamber demands removal of Transnet management, Sanjeev Gupta returns to UK amid fraud investigation, SEC regulations to increase costs for pension fund managers, optimism for resuming oil exports in Iraqi Kurdistan, woodworking students build tiny homes for teachers in Colorado ski towns.

A Reality Check on Decarbonization in Shipping – Alternative Pathways Opening Keynote Remarks Mr. Christopher J. Wiernicki Chairman, President & CEO - ABS Moderator: Mr. Sanjeev Gupta, Asia-Pacific Oil & Gas Leader and Partner, Strategy & Transactions, Ernst & Young Solutions LLP – EY Panelists: Mr. Christopher J. Wiernicki, Chairman, President & CEO – ABS Mr. Roberto Coustas, Co-Founder & President – DeepSea Technologies Mr. Frederik Pind, Managing Director Njord – Maersk Tankers Mr. Arlie Sterling, President & Co-Founder – Marsoft Capital Link's 5th Annual Singapore Maritime Forum Monday, April 24, 2023 Westin Singapore Hotel For more information on the event please visit: http://forums.capitallink.com/shipping/2023singapore/

DeepMind's new artificial intelligence, Gato, is a step beyond anything we've seen before. But how close has it brought us to the coveted goal of creating ‘artificial general intelligence'? The team unpacks just how powerful this technology really is, and what it means for the future of machine consciousness.You can learn a lot from poop. In an archaeological detective story, 4500-year-old fossil excrement belonging to the people who built Stonehenge has been examined, and the team explains what it tells us about their eating habits.CRISPR gene editing has been used to make supercharged tomatoes, rich in vitamin D. The team finds out how they managed to do it, and explains why this breakthrough is particularly good news for vegans.Ever wondered what it's like to explore another planet? We hear from Sanjeev Gupta from Imperial College London, one of the scientists with the breathtaking job of helping Nasa's Perseverance rover navigate Mars, as it starts sampling an ancient river delta to look for ancient life.We're in the midst of the largest known outbreak of monkeypox. The virus is endemic to Central and West Africa, but has begun to spread to the rest of the world, with 170 cases now confirmed. The team examines the likelihood of this virus becoming the next global pandemic.On the pod are Rowan Hooper, Penny Sarchet, Jacob Aron and Corryn Wetzel. To read about these stories and much more, subscribe at newscientist.com/podcasts.Events and discount codes:Free giveaway: newscientist.com/4weeksfree20% Discount: newscientist.com/pod20 See acast.com/privacy for privacy and opt-out information.

A high-profile independent candidate for Boothby is caught up in a dual-citizenship debacle and seeking urgent advice from lawyers. The Advertiser understands a police squad has raided the offices of Sanjeev Gupta's GFG Alliance. Some private schools have hiked their fees by up to 18 per cent over the past six years. The AFL has been urged to immediately review its concussion return-to-play model as the league investigates ­damaging allegations against it's former concussion advisor. For updates and breaking news throughout the day take out a subscription at advertiser.com.au See omnystudio.com/listener for privacy information.

In this Monday episode Andy Silvester chats to Jack Barnett, City A.M.'s Economics and Markets reporter, about European market reaction to Russia-Ukraine; energy prices and how commodity price hikes could impact inflation; and the difficulty for countries in switching off from Russian energy. Andy also takes us through the headlines: Sanjeev Gupta, CEO of Liberty Steel Group, will be allowed to continue running his steel plants following a deal with HMRC; sub-prime lender Amigo's shares have soared; Missguided has axed "a number of roles" at its HQ in Manchester; and Deloitte will no longer be operating in Russia.   See omnystudio.com/listener for privacy information.

The geologist Sanjeev Gupta tells Michael Berkeley about his search for evidence of ancient life in rocks on Mars with the help of NASA's Mars Rovers, and he plays unique recordings of sounds from the surface of Mars. Professor Sanjeev Gupta is a scientist who takes the long view, the very long view, into Deep Time. As the Royal Society Leverhulme Trust Senior Research Fellow at Imperial College London, he investigates how landscapes have evolved over vast spans of time. His work as a geologist has meant camping out alone for months at a time in some of the world's most remote places. And Sanjeev Gupta is part of a team of hundreds of scientists working on one of humanity's most ambitious expeditions ever - NASA's three billion dollar Perseverance Mars Rover which is helping us to understand what that planet was like an astonishing three-and-a-half billion years ago. The team is searching for evidence of ancient life in rocks on the Red Planet, rocks that will hopefully be returned to earth for analysis in 2031. Music is vital to Sanjeev Gupta's life. He brings Michael Berkeley music by Bach, Messiaen and Handel and by contemporary composers Peteris Vasks, John Luther Adams and Anna Meredith, music which conjures ‘visions of the beyond' – starlight, canyons, oceans and heaven. Sanjeev describes the surreal experience of helping to operate the Perseverance Rover as it landed on Mars in February 2021 from a flat above a hairdresser in Lewisham when restrictions prevented him from travelling to NASA Mission Control in California. And he recalls the transcendent experience of listening to music alone on long field trips in the vast deserts of Utah. Producer: Jane Greenwood A Loftus Media production for BBC Radio 3

Read a transcript of this episode on FT.comhttps://www.ft.com/content/e9bcbc06-e603-4baf-b5d1-fd8603103bb5French authorities have opened an investigation into the French operations of UK metals magnate Sanjeev Gupta, and President Joe Biden is moving ahead with his next bill on his ambitious legislative agenda while struggling to revive his political fortunes. Plus, the FT's Money Clinic podcast host, Claer Barrett, talks about the financial minefields that young British footballers often fail to navigate. 30-day free trial of the Moral Money newsletter: http://www.ft.com/cop26podcastFrench prosecutors investigate Sanjeev Gupta's business empirehttps://www.ft.com/content/b9debac5-bf40-4392-ab9f-2bdb70dcae28Biden seeks course out of doldrums after US legislative victory - with Lauren Fedor https://www.ft.com/content/fa0282fd-e8dc-43f1-8222-39e1efdc262eThe financial secrets of footballers, part one - with Claer Barrett https://www.ft.com/content/962ee94e-1b6d-4631-a6ab-08ff3abea724The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show's editor is Jess Smith. Additional help by Peter Barber, Gavin Kallmann and Michael Bruning. The show's theme song is by Metaphor Music. The FT's global head of audio is Cheryl Brumley. See acast.com/privacy for privacy and opt-out information.

Climate Action Radio Show -  August 2 2021Produced by Kay WennagelCOULD ELECTRIC BUSES AND TRUCKS BE THE NEW MANUFACTURING INDUSTRY IN AUSTRALIA? Guests: Luke Todd, CEO True Green Mobility - https://truegreengroup.com/Missy Higgins song - When the machine starts up againBryce Gaton, Founder EVChoice - http://evchoice.com.au/about.html Ever since Sanjeev Gupta tried to build electric cars in South Australia but didn't, it seemed like the vehicle manufacturing industry was totally extinct in Australia. Slowly, quietly and successfully a number of companies have started manufacturing electric vehicles including buses, trucks, vans, motorbikes, utes and more. CEO Luke Todd discusses the work his company Truegreen Mobility is doing building electric buses, trucks and the opportunities there are for manufacturing in Australia. In the electric vehicle space a tsunami is coming and the federal government can't see it! Then Bryce Gaton EV Choice founder, talks about electric cars in Australia, what cars are available now and on the horizon including the electric ute options our Prime minister Scott Morrison said would never be viable. And how simple and cheap it is to sevice and maintain electric cars.Electric utes, no problems! Electric car towing, no problems! Range anxiety, no problems!   

https://thecommunists.org/2021/05/21/news/sanjeev-gupta-lex-greensill-david-cameron-affair/

Covid-19 has left government budgets across the globe scrambling for revenues and having to reassess their tax and spending policies. For some countries– especially those in conflict areas, spending on defense eats up precious resources that could otherwise go toward other forms of public spending like education, health and infrastructure. In this podcast, economist Sanjeev Gupta says keeping global tensions in check would have long-term economic benefits.   Transcript Transcript link: https://bit.ly/3vAx1q8 Look for Military Spending in the Post-Pandemic Era in Finance and Development Magazine.

Liberty Steel qui regroupe les activités acier du magnat britannique Sanjeev Gupta annonce sa restructuration. Une usine du groupe et d'autres infrastructures vont être mises en vente au Royaume-Uni. C'était l'issue redoutée après les difficultés rencontrées depuis la faillite de la société financière Greensill, celle qui le finançait et par qui le scandale est arrivé. Greensill, société financière britannique dont le conglomérat familial GFG dirigé par Sanjeev Gupta était l'un des principaux clients, a été mise en faillite en mars, entraînant GFG dans sa chute. Désormais, GFG est dans le collimateur lui aussi du Serious Fraud Office, l'équivalent britannique du parquet financier pour des soupçons de fraude et de blanchiment d'argent, en particulier en relation avec Greensill. On en voit aujourd’hui les principaux effets. Depuis, impossible pour Sanjeev Gupta de trouver des créanciers Un crédit de 200 millions de livres par la société White Oak Global Advisors, celle-là même qui l'avait aidé à renflouer ses opérations en Australie il y a peu, lui a été refusé. « En tant qu'organisme régulé, nous ne pouvons poursuivre les discussions avec une société qui fait l'objet d'une enquête ». Voilà ce qu'elle a répondu il y a quelques jours à Sanjeev Gupta. Depuis, pour le conglomérat, c'est le défilé des créanciers. Le groupe Tata Steel réclame des arriérés de paiements de 100 millions de livres datant de 2017. Citigroup au nom de Crédit Suisse a saisi la justice londonienne pour récupérer l'argent de ses clients qui ont investi dans des titres de dettes émis par Greensill, le financeur en faillite. Il n'y a donc plus d'argent frais pour faire tourner des usines qui ont pourtant tout pour être profitables en ce moment avec des prix de l'acier et de l'aluminium au sommet. D'où la revente des usines et des infrastructures au Royaume-Uni Début mai, Sanjeev Gupta  a désigné une équipe pour restructurer son groupe. C'est à la même table que s'est assise la société de gestion de Crédit suisse le week-end dernier pour sceller le sort de l'usine de Stockbridge. Ses principaux clients sont dans le secteur aérospatial. « Des actifs uniques et de grande qualité » mais pas « stratégiques » a dit le groupe dans un communiqué. Deux autres usines du nord de l'Angleterre ont vu leur vente actée. Crédit Suisse, qui cherche à récupérer 10 milliards de dollars perdus, pourra se rembourser avec les ventes futures de deux autres usines anglaises et grâce à un accord de refinancement via un site en Australie. À vitesse grand V, Liberty Steel redéfinit aussi des priorités de développement. Il va notamment augmenter les capacités de l'usine de Roterham de recyclage d'acier, afin d’en faire une des premières de son genre en Europe. De son côté, le gouvernement britannique se dit attentif au sort des employés du groupe de Sanjeev Gupta Ils sont 5000 au Royaume-Uni. Le gouvernement dit « explorer toutes les options » afin de préserver leur emploi mais il est gêné aux entournures car il refuse de voler au secours du conglomérat lui-même dont le scandale a révélé un peu plus l'opacité des ramifications financières. Un vaste débat est lancé au Royaume-Uni sur l'absence de contrôles financiers qui aurait favorisé la fuite en avant de Liberty Steel. Le « sauveur de l'acier britannique » comme on le surnomme là-bas a repris des sites à tour de bras ces dernières années. Et désormais, il crie famine. Une demande de sauvetage de 170 millions de livres a été sèchement refusée en mars dernier, l’exécutif craignant que l'argent n'aille alimenter une lointaine filiale du groupe. Mais tout de même, le gouvernement se tient prêt au cas où Liberty Steel devrait subir le même sort que British Steel, groupe qui s'est effondré en 2019. De l'autre côté de la Manche, en France notamment, les conséquences redoutées du choc sont déjà là Dès le mois de mars, on a senti le vent du boulet. Faute de cash, trois fonderies de la branche aluminium en cessation de paiement avaient été mises à l'arrêt avec leurs 850 salariés, puis en redressement judiciaire. Liberty Steel France cherche un repreneur pour l'usine d'Ascoval dans le Nord et Liberty Rail en Moselle faute d'argent frais également. Moins d'un an après la reprise du site, on se prépare à nouveau à la valse des repreneurs.

In episode four of the series, we learn about metal magnate Sanjeev Gupta and how he was financed by Greensill Capital, a relationship that grew too deep for either of them.This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Host: David Aaronovitch. See acast.com/privacy for privacy and opt-out information.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market: The world’s seven largest advanced economies have agreed to stop international financing of coal projects that emit carbon by the end of this year, and phase out such support for all fossil fuels, to meet globally agreed climate change targets. Oil and gas explorer Neptune Energy Group is working with financial adviser Rothschild & Co. to explore potential options including an initial public offering, according to sources. India's largest steel producer, JSW Steel, is considering a bid to buy Liberty Steel in Britain as well as mills elsewhere, two sources said, as would-be buyers circle Sanjeev Gupta's global commodities empire. Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

In episode five, how did the actions of Sanjeev Gupta impact on Lex Greensill and bring them both crashing down to earth?This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Host: David Aaronovitch. See acast.com/privacy for privacy and opt-out information.

We've been following the story of how a now disgraced financier, Lex Greensill, wormed his way into the upper echelons of David Cameron's government. On Monday we found out a lot more about metal magnate Sanjeev Gupta, but what happened to his empire that led to the collapse of its biggest financier Greensill Capital?This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Guest: John Collingridge, Deputy business editor at The Sunday Times.Host: David Aaronovitch.Clips from: GFG Alliance, Parliament TV, Sky News, BBC News. See acast.com/privacy for privacy and opt-out information.

We've been following the story of how a now disgraced financier, Lex Greensill, worked his way into the upper echelons of David Cameron's government. Today we explore Greensill's collapse and how it involved their biggest client, metal magnate Sanjeev Gupta and his business empire.This podcast was brought to you thanks to the support of readers of The Times and The Sunday Times. Subscribe today and get one month free at: thetimes.co.uk/storiesofourtimes.Guest: John Collingridge, Deputy business editor at The Sunday Times.Host: David Aaronovitch. See acast.com/privacy for privacy and opt-out information.

From Cameron to cabinet, the Greensill Capital scandal has spiralled into corruption chaos. But now numerous instances of shady practice are joining hands. Special guests Cynthia O'Murchú and Andy Bounds who cover Greensill and more for the Financial Times join us to connect the dots between Greensill, Sanjeev Gupta's GFG/Liberty Steel empire and the surprise approval of a new deep coal mine in Cumbria. What's really going on and how do we fix it? “The transparency rules don't work. Where are you supposed to log a private drink with Matt Hancock?” – Cynthia O'Murchú“We call it the Private Eye test. Would you want to see this in the paper?” – Andy Bounds“I've lost count of how many inquiries there have been into Greensill's connections with government.” – Cynthia O'Murchú“Cameron wasn't shy about Greensill. He touted them as the future of Government finance. But his involvement has become tawdry.” – Andy Bounds“Transparency rules didn't reveal these meetings, it was the ABSENCE of transparency.” – Cynthia O'Murchú “If a Civil Servant is already working for a private company when they leave government, they don't have to declare the new job. That is gobsmacking.” – Alex AndreouPresented by Alex Andreou. Produced by Andrew Harrison. Assistant producers Jelena Sofronijevic and Jacob Archbold. Music by Kenny Dickinson. Audio production by Alex Rees. THE BUNKER is a Podmasters Production See acast.com/privacy for privacy and opt-out information.

SA Labor shadow treasurer Stephen Mullighan and local MP Eddie Hughes have called for the Morrison federal government to intervene to support the Whyalla steelworks, as concerns grow over the financing of Sanjeev Gupta's Liberty Steel operation

Nice BlackRockThe basic idea of green bonds is that some investors want to finance environmentally friendly projects, for reasons of their own, and th... can get a “greenium,”have a contingent interest ratethe point of all socially responsible investingthis BlackRock loanthe loan amendment from BlackRockstopping lending to coal companiespushing IPO issuers to have diverse boardswrites annual letters announced plans agreed with a shareholder proposal Bloomberg News reported like Credit Suisse did waittaken $4.7 billion of lossesthe Archegos portfolio has recoveredeveryone involved being firedMorgan Stanley knows this lawsuit wrote yesterdaya letter from Greensill client Sanjeev Gupta to the Financial Timesthe answer might be yessomething like three-quarters that is probably truethe r/Wallstreetbets thread here’s a fun storyNon-Existent CattleSPAC Deal With an Eye on NFTsCitadel’s ramparts $4 Billion Value Accused of Stealingbiggest Spac merger Game Algorithmdesigning an underwater drone Sullied His Imagesubscribe at this linkhere transition of interest rate benchmarks Bloomberg News reported

Quality testing of the COVID-19 vaccine is the biggest, but necessary, roadblock in the rollout. Ex-pat in his 40s still in ICU at the Royal Adelaide Hospital after transfer from COVID medi-hotel. New polling shows the Coalition is facing collapse in South Australia. Creditors seek to seize control of Sanjeev Gupta's Whyalla steel operations. South Australia's first, indeed the nation's, first Indigenous ice hockey team is the Kaurna Boomerangs. For updates and breaking news throughout the day take out a subscription at advertiser.com.au See omnystudio.com/listener for privacy information.

This newsletter is really a public policy thought-letter. While excellent newsletters on specific themes within public policy already exist, this thought-letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. It seeks to answer just one question: how do I think about a particular public policy problem/solution?PS: If you enjoy listening instead of reading, we have this edition available as an audio narration on all podcasting platforms courtesy the good folks at Ad-Auris. If you have any feedback, please send it to us.- RSJWe have been trying to make sense of the three key trends dominating the global financial markets over the past 12 months - the excess liquidity in the system driven by loose monetary policies and stimulus announced by central banks the world over, the persistence of the central banks to keep interest rates at historic lows without worrying about potential inflation, and the booming equity markets that seem to be completely divorced from the ground economic realities during the pandemic. You can read some of our previous posts on these here and here.How long can these trends sustain? Who knows? The perpetual optimism on which the wheels of finance move shows no signs of abating. Now, history has shown these are trends that are neither sustainable nor safe for ordinary investors. But optimism is the opium of the masses. “This time it is different” is what you usually hear as a record new stimulus is passed or markets touch new highs. But like Scott Sagan wrote in his book, The Limits of Safety: “Things that have never happened before happen all the time.” Three Strikes And…The world is full of surprises and three events in the past quarter should give regulators and investors a pause. First, Melvin Capital lost half of its $13bn fund during the GameStop saga in January this year. Melvin had taken massive leveraged short positions against the GameStop stock convinced its business model has no future. Well, the Redditors on WallStreetBets organised themselves to do the world’s first RNS (radically networked society) driven short squeeze. Melvin couldn’t reverse out of the trade soon enough. Only an emergency line of $2.75bn from other hedge funds kept it afloat. We have covered the GameStop shenanigans here.Second, the collapse of Greensill Capital, a ‘supply chain finance’ company doing Enron-like things in a decidedly dull corner of finance. The full impact of its fallout is yet to be ascertained. The collateral damage so far has been impressive: London-based steelmaker GFG alliance (run by India-born Sanjeev Gupta) is facing an existential crisis; a German retail bank that Greensill had bought has gone down; Credit Suisse that funded Greensill through securitisation of its invoice finance arrangement had to write down huge losses; Bluestone Resources, a US-based coal mining company that’s left high and dry without Greensill’s funding pipeline; and Tokio Marine Insurance that underwrote the risks Greensill’s clients and investors in Credit Suisse funds were taking is still counting its losses. The Greensill story is a good example of how it is not different this time. Supply chain financing has been around for a long time. Company A buys goods from a smaller Supplier B and promises to pay it (say) in 90 days. Ideally, B would like to be paid immediately but it usually lacks the bargaining power. Company A would prefer to pay as late as possible since it improves its cash flow and use it to further its business. Enter C, the Supply Chain Financier. C promises to pay B faster but at a small discount as the cost of getting its money quickly. It then collects the full amount from A. In a way, C pays on behalf of A and then collects the money from A over a period of time. It is like a traditional short-term loan that’s backed by the security of the invoice. And how does C get the money to pay to the suppliers faster? Usually, C would issue commercial papers (unsecured promissory notes) to obtain funds from market participants looking to park their excess funds for a short-term to back their invoice arrangements. The spread it makes between the two is C’s business.But in a world where the liquidity is high, interest rates low and stock markets at their peaks, there’s always money looking for avenues to make some ‘extra’ return. Greensill had a perfect plan for them. Instead of issuing commercial papers, it securitised the supplier invoices into short-term assets and offered them to the likes of Credit Suisse and other asset management firms. In other words, these invoices were turned into a different financial instrument which could now be positioned differently to investors. With this, the stage was set to get into riskier bets and shuffle the risk around in a way that made investors believe they were still investing in a safe supply chain financing instrument than something more complex. These investment firms launched Greensill-linked funds and raised money from investors who were drawn to the promise of almost risk-free returns that were higher than money market funds. Greensill also got insurance companies to back the risks underlying these funds to make them appear safer and more attractive. This was mortgage-backed securities (MBS) that brought down Lehman Brothers in 2008 all over again. Not content with this, Greensill went a step further. It started advancing funds to its clients based on anticipated future invoices. That is, there was no supplier and no goods purchased. But it was giving money in anticipation of business being done with a supplier in future. In effect, it started offering long-term loans to its clients in the guise of short-term, low-risk loans with neither the insurer nor the funds like Credit Suisse being wiser to their tricks. It was only a matter of time before the house of cards would collapse. Third, the implosion of hedge fund Archegos Capital late last week caused by extreme leverage. With GameStop and Melvin Capital, the leverage was on the short. With Archegos, it was on the long side. It borrowed money from the usual Wall Street names - Nomura, Credit Suisse (again!), Goldman Sachs and Morgan Stanley. But it used a derivative known as Total Return Swaps (TRS). The mechanics of this were simple. The hedge fund borrows money from the Bank to invest in stocks through a swap agreement. The hedge fund pays a small interest to the Bank, say, 2.5 per cent. The bank pays out any upside of investment made by the fund back to it. If there are losses, the hedge fund makes it up for the bank. This means the hedge fund makes investments without owning the asset. The bank has no real downside. The bank loves TRS because they make large fees from such arrangement without setting aside a lot of capital when compared to actual trading in securities. Being flush with liquidity in a low-interest environment makes such arrangements appear too good to resist for the banks. Things were going well for Archegos as it went about building massive levered long positions in media stocks like ViacomCBS and Discovery and various Chinese internet stocks. Some of these were quite illiquid stocks where Archegos almost owned half of the total stocks available for trade. Till ViacomCBS, whose stock had gone up 3X over the past year, decided to do a $3bn share sale wanting to capitalise on its good fortune. This backfired and the stock nosedived. This triggered a margin call and we were back to 2008 again. Archegos couldn’t cough up funds to cover the losses and the brokers dumped the shares on their behalf. The forced liquidation led to a massive selloff late last week across markets. Nomura and Credit Suisse couldn’t get out fast enough and warned of significant impact to their earnings. The worries of a contagion started going around. No one is sure if the collateral damage has been contained.Safety Valves Or Canaries?One way to look at these three events is to consider them as the safety valves of capitalism. There are excesses that happen in each cycle and the market mechanism is subverted by a few players. But there is a reckoning soon enough and the markets are better off for it.The other way is to view them as early signs of a looming crisis - the canaries in a coal mine. It is often said bubbles aren’t merely about skyrocketing valuations. The underlying truth to any bubble is the shortening of time horizons in the market. Everyone is out there to get rich and get out as quickly as possible. This snowballs very quickly attracting more short-term traders to make massive bets with levered money with ever-shrinking time horizons. The markets might well take these events into their stride (as they seem to have done). The three firms collapse and everyone moves on. That’s the end of it.Or maybe not. This might just be a beginning. HomeWork[Article] Apropos of nothing related to this post: Robin Hanson on “how best to explain UFOs if they are in fact aliens!” Get on the email list at publicpolicy.substack.com

The Collapse of Greensill CapitalSoftBank-backed Greensill (a fintech company) lent billions of dollars to companies that included the highly indebted metals conglomerate GFG Alliance, silicon valley Construction Technology company Katerra and West Virginia mining company Bluestone Resources. These loans were packaged into bonds which were sold as a fund by Credit Suisse.Greensill was funded by its own German-based and regulated bank and via Zurich-based Credit Suisse Asset Management. Its main shadow banking operations were in London. German regulators BaFin last month seized control of the bank and filed a criminal complaint alleging balance sheet manipulation. Swiss and Australian officials are asking questions of Credit Suisse. Meanwhile, in the UK, where it has been celebrated as a leading “fintech” and counted former prime minister David Cameron as an adviser, there is little sign of regulatory action. In the lead up to this crisis Lex Greensill and his family took $200 million out of the company.No one knows the precise amount of bad loans involved: Credit Suisse is budgeting for at least $1bn to $2bn; insurance policies covered at least $4.6bn; in July last year insurer Tokio Marine said an underwriter had breached exposure limits by writing coverage for more than $7bn. And no one is sure who will bear the losses. GFG has already defaulted on loans to Greensill. Some of those loans exist within Credit Suisse funds. Those funds have insurance written by the likes of Insurance Australia Group and Tokio Marine. IAG says it has no “net insurance exposure” to Greensill because of “extensive reinsurance” and “agreements with Tokio Marine for it to hold any remaining exposure”. Tokio Marine, in turn, says it also has reinsurance, it may turn to litigation and, anyway, the insurance may not have been valid in the first place. This looming fight between loan originators, securitisers, funds, banks, insurers and investors looks very like the fallout from the 2008 crisis. The lawsuits that followed took up to a decade to resolve and cost tens of billions of dollars. For now, there is little general market turmoil. But it could still get messier. Patreon Page: https://www.patreon.com/PatrickBoyleOnFinancePatrick's Books:Statistics For The Trading Floor:  https://amzn.to/3eerLA0Derivatives For The Trading Floor:  https://amzn.to/3cjsyPFCorporate Finance:  https://amzn.to/3fn3rvC Visit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePatrick Boyle On Finance YouTube: https://www.youtube.com/c/PatrickBoyleOnFinanceLinksSupply Chain Financing Patent: https://patents.google.com/patent/US6167385A/enCourt Hearing NSW https://www.caselaw.nsw.gov.au/decision/177f18936157b0e4a1349f9d Support the show (https://www.patreon.com/PatrickBoyleOnFinance)

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market: The Italian government guaranteed an €86 million ($102 million) loan from Greensill Bank, part of the collapsed Greensill Capital group, to one of steel magnate Sanjeev Gupta’s firms, according to accounts filed with the Italian corporate registry in recent week Trade credit insurer Euler Hermes has unveiled organisational changes to its Transactional Cover Unit and Investment Solutions teams SoftBank seeks $1.2bn in Greensill collapse Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

The owner of the Whyalla steelworks in South Australia, the British billionaire industrialist Sanjeev Gupta, has come under the spotlight with a tricky financial situation he is caught up in. Namely the unravelling of Greensill Capital, Gupta's main financial lender. Assurances have been given that it's business a usual in the steelworks but it could also offer an opportunity. With progress being made with green steel in Sweden and Germany, Whyalla could be in the right position to take advantage of the situation it's in.

Big names in finance, like Credit Suisse and tycoon Sanjeev Gupta, are suffering collateral damage from the UK supply chain lender’s collapse. The sale of aircraft leasing brings GE closer to CEO Larry Culp’s light-bulb moment. And working from home risks a diversity disaster. See acast.com/privacy for privacy and opt-out information.

Michael is joined by Senator Rex Patrick, Independent Senator for South Australia, who calls on Prime Minister Scott Morrison to reaffirm the Federal Government’s support for the Whyalla steelworks and Australian domestic steel production.  “At a time when a cloud of financial uncertainty hangs over Sanjeev Gupta’s GFG Alliance, it’s essential that the Australian Government reaffirm the critical national importance of domestic steel production and the vital contribution the Whyalla steelworks makes to the city of Whyalla and South Australia”, Senator Patrick said.  “Australian steel production is an essential component of our industrial and manufacturing base. It is key part of national infrastructure projects such as the Inland Rail project, to shipbuilding and to Australia’s national security. If the Whyalla steelworks were forced by external financial factors to close, it would be a grave blow to Australia’s national self-reliance and resilience.” “When the steelwork’s previous owner Arrium went into administration in 2016, my predecessor Senator Nick Xenophon was able to enlist the active engagement of then Prime Minister Malcolm Turnbull in efforts to support the Whyalla steelworks.”  “Prime Minister Morrison must now also involve himself in the future of Whyalla and make clear his Government’s preparedness to do whatever it may take to ensure that the steelworks continues as a vital part of Australia’s manufacturing future.”  See omnystudio.com/listener for privacy information.

In today's daily round-up of export, trade and commodity finance news, TXF's Max Thompson covers the latest stories and trends across the market: The World Bank has approved a $440 million loan to support Egypt’s initiatives to enhance the safety and service quality of the country’s railways. Sanjeev Gupta’s GFG Alliance is said to be on the brink of a potential fire sale as embattled finance firm Greensill Capital, its main source of funding, files for administration The International Trade and Forfaiting Association (ITFA) has released a statement backing supply chain finance as a "valuable tool to support the real economy", and reiterating how insurance is a reliable partner Like what you hear? Hit subscribe to stay up to date and for all the latest news online visit www.txfnews.com today.

Homicide investigators are searching for a killer who gunned down a man during a targeted attack at Virginia. Thousands of businesses will soon be able to hire new apprentices with the federal government chipping in half of their wages as part of a $1.2 billion trainee scheme.  The Australian Workers' Union has held emergency talks with Sanjeev Gupta's Australian management as it seeks assurances over the future of industrial facilities including South Australia's Whyalla steelworks. And in sport, the Big Bash League appears to have struck gold with its wild and wacky innovations, as support grows for the Power Surge to be adopted globally. For updates and breaking news throughout the day, take out a subscription atadvertiser.com.au See omnystudio.com/listener for privacy information.

First, we speak to Sarah Al-Amiri, UAE minister of state for advanced sciences. She discusses the UAE’s first planetary exploration mission with HOPE, which has launched a satellite into Mars’ orbit. She explains how learning about the Red Planet’s climate history can teach us lessons for dealing with climate change at home, the UAE’s rapid development of its space program, attempts to diversify its economy, and much more! Next, we speak to Prof. Sanjeev Gupta, planetary geologist with NASA’s 2020 Mars Rover mission. He discusses the landing of the Perseverance Mars Rover, how the new mission will work, and what NASA hopes to find. He explains why it’s likely that Mars harboured some life forms in the ancient past, why we probably won’t come to live on the planet, and much more! Finally, we speak to Willem Buiter, global chief economist at Citigroup (2010-2018). In contrast to our interview with bitcoin.com founder Roger Ver, Willem Buiter argues that bitcoin and other cryptocurrencies are essentially environmentally unfriendly, speculative fiat currencies. He also disputes that it can be used as a currency and discusses why there won’t be mass-scale adoption.

On 18th February the Perseverance rover should land on Mars. Katie Stack-Morgan of NASA’s Jet Propulsion Lab tells Roland Pease about the technological advances that mean that the spacecraft should be able to land in Jezero Crater. Imperial College geologist Sanjeev Gupta discusses what this crater can reveal about the history of life on the red planet. After months of negotiations, and weeks of work on the ground, a team brought together by the World Health Organisation has just concluded its first attempts to find out the origins of SARS-Cov2 in Wuhan. Peter Daszak, who has worked closely with Chinese virologists in the past, briefed Roland Pease on what had been discovered. The South African government has announced that it will not be rolling out the Astra Zeneca Covid vaccine as it appears it is not very effective against the dominant strain in the country. Helen Rees, of Witwatersrand University and a member of South Africa’s Health Products Regulatory Authority, explains that the ‘ban’ is an overstatement. At least 35 people died in a flood disaster in the Himalayan state of Uttarakhand in India on February 6th. The details are still unclear, but the trigger seems to be associated with a glacier overhanging an upstream lake in the steep valley. Rupert Stuart-Smith of Oxford University, who has just published an analysis of a glacier melting disaster in waiting in the Andes, talks about the impacts of climate change on the stability of mountain glaciers. And Do you find your bearings quickly or are you easily disorientated? Do your friends trust you with the directions in a new city? Finding our way in the physical world – whether that’s around a building or a city - is an important everyday capability, one that has been integral to human survival. This week CrowdScience listeners want to know whether some people are ‘naturally’ better at navigating, so presenter Marnie Chesterton sets her compass and journeys into the human brain. Accompanied by psychologists and neuroscientists Marnie learns how humans perceive their environment, recall routes and orientate themselves in unfamiliar spaces. We ask are some navigational strategies better than others? Marnie also hears that the country you live in might be a good predictor of your navigation skills and how growing up in the countryside may give you an wayfaring advantage. But is our navigational ability down to biology or experience, and can we improve it? With much of our modern map use being delegated to smartphones, Marnie explores what implications an over-reliance on GPS technology might have for our brain health. (Image: An illustration of NASA’s Perseverance rover landing on Mars. Credit NASA/JPL-Caltech) Presenter: Roland Pease Producer: Deborah Cohen

On 18th February the Perseverance rover should land on Mars. Katie Stack-Morgan of NASA’s Jet Propulsion Lab tells Roland Pease about the technological advances that mean that the spacecraft should be able to land in Jezero Crater. Imperial College geologist Sanjeev Gupta discusses what this crater can reveal about the history of life on the red planet. After months of negotiations, and weeks of work on the ground, a team brought together by the World Health Organisation has just concluded its first attempts to find out the origins of SARS-Cov2 in Wuhan. Peter Daszak, who has worked closely with Chinese virologists in the past, briefed Roland Pease on what had been discovered. The South African government has announced that it will not be rolling out the Astra Zeneca Covid vaccine as it appears it is not very effective against the dominant strain in the country. Helen Rees, of Witwatersrand University and a member of South Africa’s Health Products Regulatory Authority, explains that the ‘ban’ is an overstatement. At least 35 people died in a flood disaster in the Himalayan state of Uttarakhand in India on February 6th. The details are still unclear, but the trigger seems to be associated with a glacier overhanging an upstream lake in the steep valley. Rupert Stuart-Smith of Oxford University, who has just published an analysis of a glacier melting disaster in waiting in the Andes, talks about the impacts of climate change on the stability of mountain glaciers. (Image: An illustration of NASA’s Perseverance rover landing on Mars. Credit NASA/JPL-Caltech) Presenter: Roland Pease Producer: Deborah Cohen

In February 2021, three spacecraft will arrive at Mars. One is the United Arab Emirates’ Hope orbiter - the first interplanetary probe sent by the Arab world. Tianwen-1 will be China’s first mission to reach Mars – an ambitious bid to put both a probe into orbit and a small robot on the Martian surface. But the most sophisticated of all is the United States’ Mars 2020 mission. If all goes well, it will land a car-sized robotic rover on the rocky floor of a vast crater that contained a lake more than 3.7 billion years ago. The rover, named Perseverance, will spend years surveying the geology of Jerezo crater and using a battery of new instruments to examine the rocks for any evidence that life existed in the ancient lake. It will also be the first mission to extract rock samples and package them up for eventual return to Earth, sometime in the 2030s. Andrew Luck-Baker talks to NASA’s deputy project scientist Katie Stack-Morgan and mission manager Keith Comeaux, planetary scientists Melissa Rice and Sanjeev Gupta, and astrobiologist Mark Sephton.

COVID-19 has not only brought the financial challenges facing the world to the forefront of everyone's minds, but has shed a particular lens to the dire situation many African economies and companies face. Already we have seen high debt levels, now exacerbated by commodity price declines, currency woes and investor flight to safe haven assets; Africa perhaps faces a credit crisis of epic proportions. In the first instalment, Invest Africa Insight's ‘Africa's Funding Conundrum?' webinar series provided the view from the international investment community. In this webinar we will continue the conversation but feature industry leaders from African institutions on how they will address the financing requirements, liquidity support and credit available to the continent. Globally we see central banks and governments alike flooding their economies with unprecedented levels of support and stimulus; will Africa benefit or be left to its own designs? Thank you to to our moderator, Sanjeev Gupta, Executive Director, Africa Finance Corporation and to our panellists: Edward Marlow, Managing Director, Global Markets, Credit Suisse, Lesley Ndlovu, CEO, African Risk Capacity, Mervyn Shanmugam, CEO Alternatives, Sanlam Investments and Anita Yadav, Partner, Aspire Cap and Founding Board Member of The Gulf Bond and Sukuk Association.

Logistics plays the crucial role in ensuring trade in Africa can go ahead both within the continent and with the rest of the world. As African economies grow, the demand for reliable and efficient ways of transporting goods between businesses and consumers will further increase. Currently, it is well known that logistics infrastructure in Africa lags behind that of the rest of the world: existing port facilities are not developed enough to handle existing requirements and the cost of transportation is exorbitant - often accounts for 50-75% of the cost of the goods themselves, which is around 2-3 times higher than in more developed countries. As African economies continue to grow, so will the logistics sector as it responds to demand for the effective and reliable transportation of goods. Ultimately, this will benefit consumers; providing new jobs and cheaper goods by lowering costs. Thank you to our moderator, Sanjeev Gupta, Executive Director, Africa Finance Corporation and to our panellists, Gagan Gupta, Managing Director & CEO, Infrastructure & Logistics, Olam International, Peeyush Garg, Chairman & Founder, Daraju Industries and Geoffrey White, Chief Executive Officer, Agility Africa.

Dr. Gupta, a leading expert on liver processes and gastroenterology, explains both the science behind how the liver works and the latest efforts towards treating liver diseases. He discusses:  The types of damage that preclude liver regeneration, such as Tylenol overdoses, and why doctors then turn to liver transplants, How liver transplants work across different liver damage scenarios, and  Additional new treatments and research such as tissue engineering, liver regeneration through drug-based approaches, and therapy through cell transplants. Dr. Gupta is a professor of medicine specializing in gastroenterology and liver diseases at the Albert Einstein College of Medicine and serves as the Eleazar and Feige Reicher Chair in Translational Medicine. In this podcast, he answers questions about how the liver works, what makes it stop working, and the many ways doctors can then approach medical treatments.  He explains that understanding how the liver is divided, from lobes and sub-compartments to drainage ducts and blood vessels, is important in how a successful transplant and then regeneration can move forward for both the donor and the patient with the damaged liver in cases of liver diseases. But he also explains the immense variety of approaches therein, such as some patients having a "temporary liver" implanted for use until their native liver has more time to regenerate and heal.  Dr. Gupta also explains how the gastroenterology system initiates liver regeneration in conditions of liver diseases. He describes the two pathways toward self-regeneration: hepatocyte division and stem cell or progenitor cell activation. But he also explains how these pathways are connected to liver cancers alongside additional risk factors. Finally, Dr. Gupta comments that researchers can learn from how the liver functions and apply this activity to cures for other organ diseases such as diabetes when the cells stop making insulin. There's hope that the liver regeneration system can lead to the successful regeneration of the insulin-making cells. He finishes the conversation by discussing recent breakthroughs in treating liver diseases such as drug-based therapies to enhance liver regeneration.  For more, including links to his papers, see his web page at the Albert Einstein College of Medicine: http://www.einstein.yu.edu/faculty/8041/sanjeev-gupta/

An autoimmune disease is a condition in which your immune system mistakenly attacks your body. Doctors don’t know exactly. And hence, there is no cure. Millions of people across the world and in India are suffering from autoimmune conditions with no hope of a cure. Your host Rachna Chhachhi herself was bedridden with deformities 13 years ago, with rheumatoid arthritis, which changed the course of her life. Today, she helps you unravel the mystery of getting cured of her own autoimmune condition as well as others she has treated. This week, host Rachna is joined by Dr. Taruna Madan, Scientist, and Immunologist who will help us understand why it is so difficult to cure an autoimmune condition. Dr. Taruna is also the spouse of an autoimmune warrior, Dr. Sanjeev Gupta, who is suffering from psoriasis. She will also capture the struggles of ex-psoriatic arthritis patient Palak Bhalla Ahuja, who refused to take methotrexate or any other drugs and is leading a wonderful quality of life. How did she do that? What can you do which doctors have not yet discovered to overcome your autoimmune condition? Tune in to know the tips and don't forget to tune in to the questions at the end of the show chosen from messages to @RachnaRestores Instagram followers! It could be your question being featured on our show. You can listen to this show and other awesome shows on the IVM Podcasts app on Android: https://ivm.today/android or iOS: https://ivm.today/ios, or any other podcast app. You can check out our website at http://www.ivmpodcasts.com/

How clean is really clean? This month, as Europe's Rosalind Franklin Mars rover leaves the UK, Space Boffins visit the clean room to discover the effort needed to keep Mars safe from Earth-bugs. With guest NASA Curiosity mission scientist Sanjeev Gupta from Imperial College London, we hear about the two Mars rovers heading to the red planet in 2020 and their search for past or present life. We also go inside the Airstream trailer in California where Apollo astronauts lived after returning from the Moon and there's (yet another) new jingle - can you identify where the clips come from? Like this podcast? Please help us by supporting the Naked Scientists

How clean is really clean? This month, as Europe's Rosalind Franklin Mars rover leaves the UK, Space Boffins visit the clean room to discover the effort needed to keep Mars safe from Earth-bugs. With guest NASA Curiosity mission scientist Sanjeev Gupta from Imperial College London, we hear about the two Mars rovers heading to the red planet in 2020 and their search for past or present life. We also go inside the Airstream trailer in California where Apollo astronauts lived after returning from the Moon and there's (yet another) new jingle - can you identify where the clips come from? Like this podcast? Please help us by supporting the Naked Scientists

How clean is really clean? This month, as Europe's Rosalind Franklin Mars rover leaves the UK, Space Boffins visit the clean room to discover the effort needed to keep Mars safe from Earth-bugs. With guest NASA Curiosity mission scientist Sanjeev Gupta from Imperial College London, we hear about the two Mars rovers heading to the red planet in 2020 and their search for past or present life. We also go inside the Airstream trailer in California where Apollo astronauts lived after returning from the Moon and there's (yet another) new jingle - can you identify where the clips come from? Like this podcast? Please help us by supporting the Naked Scientists

Danni Hewson talks with Sanjeev Gupta, boss of one of the world's largest steel producers Liberty Steel

Premier Steven Marshall & Sanjeev Gupta joined David and Will to discuss the announcement of upgrades to Whyalla steelworks & what it means for the town. See acast.com/privacy for privacy and opt-out information.

1. Training birds to pick up our litter is a brand new level of inter-species subjugation, but is it any different to imprisoning whales for our entertainment? Hmm. 2. Burning rubbish to generate energy is a confronting moral challenge. Yep, less fossil fuels burned and less waste buried, but for how long? 3. While Australia is sufffering a nationwide drought, 84% of Melbourne's recycled water is currently getting pumped out to sea at a rate of 350 million litres per day, despite perfect suitability for agricultural irrigation. 4. Adani continues to commit environmental treason, and the QLD government has now been irrefutably proven to be complicit in covering the Great Barrier Reef in coal sediment. 5. HOME SOIL HEAVYWEIGHT BOUT: Elon Musk v Sanjeev Gupta contending for the title of Free Market Capitalist Sustainability Champion of Australia. Woohoo!  www.everydaygreen.org

Monday 7th May 20187th May 2018 BZE Community Radio Show with Andy, Kurt, Viv and RogerGiles ParkinsonGiles Parkinson, Founder and Editor of REneweconomy tells Vivien about new developments on the desert road to transition.Sanjeev Gupta’s Green Steel investments will boost the need for renewable energy at Whyalla and elsewhere.. He thinks that energy intensive industry is set to expand in Australia because of renewable energy potential. But can the grid cope? Giles talks about AEMO and his hopes for Audrey Zibelman. Meanwhile the share holders’ revolt mobilised by ACCR has got big companies pledging to consider climate change and others getting out of coal altogether. Is there momentum behind this?Peter HannamPeter Hannam, Senior Environment Editor at Fairfax News wrote the foreword for The town that said NO to AGL.He tells Vivien the inside story and his admiration for the people. Is it hard reporting on global warming in a media landscape so dominated by vested interests? And Why is so little climate action and campaigning reported in the media?   The town that said noJohn Watts was once a barrister in Sydney John retired to the town of Gloucester in NSW. He heard the mining company AGL was set to mine the area with a vast array coal seam gas wells extending to within 200 metres of the town’s limits. Residents of Gloucester became concerned and mobilized. What happened next was the creation of a protest group called Groundswell that experienced and resisted every strata corporate and political power. They won and John wrote a book about it called the Town that Said No to AGL.Read a review here: http://kujo.svbtle.com/book-review-the-town-that-said-no-to-aglAnd view another story on Earth Matters for Knitting Nanas against Gas and Greed: http://www.3cr.org.au/earthmatters/podcast/earth-matters-17112013Steve RobinsonSteve Robinson is a psychiatrist. He was honoured by the Doctors for the Environment (DEA)for his service to the Gloucester community and his environmental activism. He tells Vivien how the stress and anxiety for people living with the threat of expanded coal mines and new gas wells can affect their immune systems. Behind the brave faces is a heavy weight of worry. He pays tribute to the staunch community and values of towns which will increasingly have to stand up to prevent the degradation of their ecosystem and our climate.City Listeners can stand with them by sending a word of support or a donation toGroundswell Gloucester and Lock the Gate Alliance.  Read more:  Thanks to Giles Parkinson of Reneweconomy for the following podcasthttps://soundcloud.com/reneweconomy-646697966/the-20-billion-pilbara-renewables-hub

After 2000 days on Mars, NASA's Curiosity rover is still going strong. In this month's Space Boffins Richard visits Imperial College London to talk to one of the lead scientists on the mission, Sanjeev Gupta, about water on Mars, life and future astronaut missions. Meanwhile, in Liverpool, Sue discovers the connection between the Beatles and space science, author Vix Southgate chats to Richard about Soviet space dogs and the words of Yuri Gagarin from orbit. Like this podcast? Please help us by supporting the Naked Scientists

After 2000 days on Mars, NASA's Curiosity rover is still going strong. In this month's Space Boffins Richard visits Imperial College London to talk to one of the lead scientists on the mission, Sanjeev Gupta, about water on Mars, life and future astronaut missions. Meanwhile, in Liverpool, Sue discovers the connection between the Beatles and space science, author Vix Southgate chats to Richard about Soviet space dogs and the words of Yuri Gagarin from orbit. Like this podcast? Please help us by supporting the Naked Scientists

After 2000 days on Mars, NASA's Curiosity rover is still going strong. In this month's Space Boffins Richard visits Imperial College London to talk to one of the lead scientists on the mission, Sanjeev Gupta, about water on Mars, life and future astronaut missions. Meanwhile, in Liverpool, Sue discovers the connection between the Beatles and space science, author Vix Southgate chats to Richard about Soviet space dogs and the words of Yuri Gagarin from orbit. Like this podcast? Please help us by supporting the Naked Scientists

S&P Global Platts Metals Meltdowntriumvirate discusses insights shared by some of the biggest names in the industry from the sidelines of the recent Platts Global Metals Awards in London. Hear what Nev Power of Fortescue Metals Group, Gina Rinehart from Hancock Prospecting and Liberty House's...

Mark Coles profiles Sanjeev Gupta who this week met the Business Secretary Sajid Javid to discuss a possible deal to buy Britain's biggest steelworks at Port Talbot. In recent months he's invested significantly in British steel but before all that, in his earlier life, Gupta also bought and sold bicycles, sugar - even frozen chicken feet and fish heads. We ask his wife Nicola, sister Angeli and colleague Douglas Dawson what makes this entrepreneur tick - and why he thinks he can succeed in Port Talbot where previous owners have failed. Producer: Smita Patel.

Geologist Sanjeev Gupta talks to Jim Al-Khalili about his love of exploring exotic terrains, from the foothills of the Himalaya to the red deserts of Mars. His research has taken him across the earth and now into space, working as a Long Term Planner on NASA's current Mars Curiosity Mission. But Sanjeev Gupta's big discovery lay at the bottom of the English Channel. Unearthing a 'wacky' theory from the 1980s, Sanjeev set out to prove that a series of megafloods caused Britain to separate from continental Europe and become an island. Producer: Michelle Martin.

On Start the Week Andrew Marr talks to Peter Wothers about modern day alchemy, as we enter a new era of chemistry. In the past some scientists dismissed the vast majority of the human genome as 'junk DNA', Ewan Birney argues for renaming it 'enigmatic DNA'. And curiosity gets the better of Sanjeev Gupta as he explores the terrain on Mars. But science doesn't have all the answers as Helen Bynum charts the history of tuberculosis, from the medieval period to the present day, and looks at how this killer disease continues to spread and evolve. Producer: Katy Hickman.

Melvyn Bragg and guests Richard Corfield, Jane Francis and Sanjeev Gupta discuss the geological formation of Britain.Around 600 million years ago the island that we now call Britain was in two parts, far to the south of the Equator. Scotland and north-western Ireland were part of a continent (Laurentia) that also included what is now North America. To the south-east, near the Antarctic Circle, meanwhile, you would have found southern Ireland, England and Wales. They formed a mini-continent (Avalonia) with what is now Newfoundland.Over the course of hundreds of millions of years, as they inched their way north, the two parts came together - first as part of a vast unitary continent (Pangaea), later as a promontory on the edge of Europe, and eventually, as sea levels rose, as an island. The story of how Britain came to be where it is now, in its current shape - from the separation of North America and Europe to the carving out of the English Channel - is still being uncovered today.Richard Corfield is Visiting Senior Resarch Fellow at Oxford University; Jane Francis is Professor of Palaeoclimatology at the University of Leeds; Sanjeev Gupta is a Royal Society-Leverhulme Trust Research Fellow at Imperial College London.

Melvyn Bragg and guests Richard Corfield, Jane Francis and Sanjeev Gupta discuss the geological formation of Britain.Around 600 million years ago the island that we now call Britain was in two parts, far to the south of the Equator. Scotland and north-western Ireland were part of a continent (Laurentia) that also included what is now North America. To the south-east, near the Antarctic Circle, meanwhile, you would have found southern Ireland, England and Wales. They formed a mini-continent (Avalonia) with what is now Newfoundland.Over the course of hundreds of millions of years, as they inched their way north, the two parts came together - first as part of a vast unitary continent (Pangaea), later as a promontory on the edge of Europe, and eventually, as sea levels rose, as an island. The story of how Britain came to be where it is now, in its current shape - from the separation of North America and Europe to the carving out of the English Channel - is still being uncovered today.Richard Corfield is Visiting Senior Resarch Fellow at Oxford University; Jane Francis is Professor of Palaeoclimatology at the University of Leeds; Sanjeev Gupta is a Royal Society-Leverhulme Trust Research Fellow at Imperial College London.

UNIT - 01