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Shells, particularly the Kina and Toea, weren’t only mediums of trade but additionally symbols of wealth, social status, and cultural practices. “Deeply embedded in our traditions and cultural practices, shell cash also represented social standing, and it was utilized in marriages, deaths, and other vital ceremonies and events,” Genia explained. The arrival of colonisers marked a turning point in the country’s economic historical past, resulting in the introduction of contemporary currencies on 19 April 1975. “These contemporary currencies served as each financial instruments and nationwide emblems of our independence and unity as a nation,” Genia famous. She offered insights into the cultural significance of the Kina and Toea, explaining that the word “Kina” is present in each the Pidgin and Kuanua languages and describes the priceless pearl shell extensively traded in PNG’s Highlands and Coastal areas. Similarly, “Toea” refers to a priceless sort of shell utilized in commerce and traditional bride value ceremonies in the Motuan Coastal villages.

India’s Political Carnival Is Back in Season, With Mixed Results for ModiTwo closely watched elections, in Haryana and the turbulent Jammu and Kashmir, saved the surprises coming after this summer’s shocking nationwide consequence. TikTok Faces Barrage of Lawsuits Around Teens and Mental HealthMore than a dozen states sued TikTok on Tuesday for creating an app designed to be addictive to youngsters and teenagers. Harris Proposes Medicare Benefits for Home Care, Vision and HearingThe vice president’s health care plan is meant to help Americans who’re struggling to find inexpensive residence care for themselves or aging relations.

Each week we alternate between an interview with a company leader and an industry deep dive. Sit down for lunch and stroll away with a fresh take on the share market, corporations you can invest in, and the way ahead for business. News in regards to the Philippine Stock Exchange, international capital markets, and the banking trade. The Reserve Bank of India has stored its key interest rate unchanged for the tenth consecutive time, its governor Shaktikanta Das announced today,whereas retaining India’s actual GDP growth forecast at 7.2 per cent for the current monetary yr. New Zealand’s central bank cuts charges by zero.5 share points, and economists say extra cuts are coming.

Uber Technologies will roll out an AI assistant powered by OpenAI’s technology to help drivers transition to electric autos, as a part of its efforts to decrease emissions. Change your nation to get more top stories from where you’re, in addition to the UK and international headlines. The candidate who wins the most electoral faculty votes across the US turns into president. The week’s best tales, handpicked by BBC editors, in your inbox every Friday.

The U.S. Environmental Protection Agency has reached a tentative $4.2 settlement with a agency that owned and operated a major East Coast refinery that was shuttered after a 2019 explosion and fire. President Joe Biden is warning airlines and different firms to not overcharge people who are trying to get out of the path of Hurricane Milton. The U.S. Department of Justice is contemplating asking a federal judge to pressure Google to sell parts of its business to be able to remove its online search monopoly. Executive Editor Julie Pace brings you behind the scenes of the AP newsroom.

“This oil-indexed contract, together with the recently executed long-term LNG Sales and Purchase Agreement with Hokkaido Gas in Japan and the mid-term contract with Glencore, demonstrates Santos’ sturdy LNG portfolio position and buyer relationships within the region. Our portfolio is well-balanced over the short to medium term, with round eighty percent of volumes indexed to grease Business News costs and about twenty % exposed to identify pricing,” Gallagher stated. “There continues to be extremely robust demand in Asia for high-heating-value LNG from projects similar to Barossa and PNG LNG, as nations concentrate on reducing their carbon emissions.