AFP

India's Reliance reports mixed results as taxes hurt oil business

Indian conglomerate Reliance Industries reported mixed quarterly results on Friday, with weakness in its core oil-refining business hurting profits even as its retail and telecom arms posted strong earnings.

Reliance, which is owned by Asia’s second-richest man Mukesh Ambani, reported a net profit of 136.56 billion rupees ($1.65 billion) between July and September, 0.2 percent lower than the same period last year.

From the June quarter, net profit declined 24 percent from 179.55 billion rupees.

Revenues from operations increased 33.7 percent on-year to 2.33 trillion rupees, helped by strong contributions from Reliance’s newer consumer-facing businesses.

“I am pleased with the record performance of our consumer businesses which continue to scale new milestones every quarter,” chairman and managing director Ambani said in a statement.

But Reliance’s legacy oil-to-chemicals business was hit by “subdued demand” and “the introduction of special additional excise duties during the quarter”, he added.

On July 1, India imposed duties on the sale of petrol, diesel and aviation fuel by oil refiners such as Reliance, in addition to a “windfall tax” on the sale of domestic crude.

Additional excise duties cost Reliance 40.4 billion rupees in the quarter, the company said, with planned plant shutdowns further impacting refinery earnings.

Gross revenues from Reliance’s retail business jumped 42.9 percent on-year to an all-time high of 649.2 billion rupees.

A footfall surge, the waning impact of the pandemic and 795 new store openings in the quarter contributed to 36 percent higher profits for Reliance’s retail business compared with last year.

Telecom arm Reliance Jio saw gross revenues rise 22.8 percent on-year to 285 billion rupees, as it added 7.7 million net subscribers in the quarter.

In August, Ambani pledged $25 billion to launch 5G networks in India, aiming to strengthen his grip on one of the world’s fastest-growing smartphone markets.

Reliance’s multi-billion-dollar fortune has been powered by oil and petrochemicals businesses, but the company has diversified into new areas including telecom and retail in recent years.

The company’s shares closed 1.16 percent lower in Mumbai ahead of the earnings announcement on Friday.

India's Reliance reports mixed results as taxes hurt oil business

Indian conglomerate Reliance Industries reported mixed quarterly results on Friday, with weakness in its core oil-refining business hurting profits even as its retail and telecom arms posted strong earnings.

Reliance, which is owned by Asia’s second-richest man Mukesh Ambani, reported a net profit of 136.56 billion rupees ($1.65 billion) between July and September, 0.2 percent lower than the same period last year.

From the June quarter, net profit declined 24 percent from 179.55 billion rupees.

Revenues from operations increased 33.7 percent on-year to 2.33 trillion rupees, helped by strong contributions from Reliance’s newer consumer-facing businesses.

“I am pleased with the record performance of our consumer businesses which continue to scale new milestones every quarter,” chairman and managing director Ambani said in a statement.

But Reliance’s legacy oil-to-chemicals business was hit by “subdued demand” and “the introduction of special additional excise duties during the quarter”, he added.

On July 1, India imposed duties on the sale of petrol, diesel and aviation fuel by oil refiners such as Reliance, in addition to a “windfall tax” on the sale of domestic crude.

Additional excise duties cost Reliance 40.4 billion rupees in the quarter, the company said, with planned plant shutdowns further impacting refinery earnings.

Gross revenues from Reliance’s retail business jumped 42.9 percent on-year to an all-time high of 649.2 billion rupees.

A footfall surge, the waning impact of the pandemic and 795 new store openings in the quarter contributed to 36 percent higher profits for Reliance’s retail business compared with last year.

Telecom arm Reliance Jio saw gross revenues rise 22.8 percent on-year to 285 billion rupees, as it added 7.7 million net subscribers in the quarter.

In August, Ambani pledged $25 billion to launch 5G networks in India, aiming to strengthen his grip on one of the world’s fastest-growing smartphone markets.

Reliance’s multi-billion-dollar fortune has been powered by oil and petrochemicals businesses, but the company has diversified into new areas including telecom and retail in recent years.

The company’s shares closed 1.16 percent lower in Mumbai ahead of the earnings announcement on Friday.

Trump ally Bannon sentenced to prison for contempt of Congress

Donald Trump’s former aide Steve Bannon was sentenced Friday to four months in prison for refusing to testify in the congressional probe of the January 6, 2021 attack on the Capitol.

One of the masterminds behind Trump’s 2016 presidential campaign and victory, Bannon was found guilty on two counts of contempt of Congress for defying a subpoena to testify over the riot by the former president’s supporters.

Bannon, who was also fined $6,500, was permitted by the judge to remain free while he fights what his lawyer vowed would be a “bulletproof” appeal.

The longtime Trump strategist struck a defiant tone upon leaving the federal court in Washington — lashing out at President Joe Biden and the Democratic leaders of the House of Representatives.

“Today was my judgment day by the judge,” Bannon told reporters outside. “On November 8th there’s going to have judgment on the illegitimate Biden regime,” he vowed — in reference to the upcoming midterm elections. 

“And we know which way that is going,” he said. “The Biden administration ends on the evening of the 8th of November.”

Bannon was greeted earlier on arrival at the courthouse by protesters yelling “Traitor” Fascist!”

His prison sentence was less than the six months requested by the Justice Department, but more than the probation Bannon’s attorneys had sought.

Bannon had argued that he declined to appear before the Capitol riot probe panel upon advice from his lawyer that doing so would violate Trump’s executive privilege.

But he also said he felt that the investigation was politically driven.

Federal Judge Carl Nichols rejected those arguments, saying Trump had never asserted executive privilege in Bannon’s case and that the events at the Capitol needed investigating.

“The events of January 6th were undeniably serious,” Nichols said before pronouncing the sentence.

“The January 6 committee thus has every reason to investigate what happened that day.”

In addition, he said, Bannon failed to cooperate with the committee on issues not touched by claims of executive privilege.

Bannon has “not produced a single document… and has not provided any testimony on any topic,” he said.

– ‘Assaulted the rule of law’ –

Despite the prison sentence, Bannon, who currently runs a streaming political commentary website, could remain out of jail well into next year while fighting his appeal.

The investigation by a special House committee has depicted Bannon as knowing in advance of the plan by hardline Trump supporters to attack the Capitol to prevent Biden from being confirmed as the next president.

It also showed him advocating for Congress to block Biden — who defeated Trump in the November 2020 election — from becoming president.

“The rioters who overran the Capitol on January 6 did not just attack a building — they assaulted the rule of law upon which this country was built and through which it endures,” the Justice Department told the court in its sentencing memo.

“By flouting the Select Committee’s subpoena and its authority, the defendant exacerbated that assault.”

Bannon served in the White House for the first seven months of Trump’s term as chief strategist, leaving reportedly due to conflicts with other top staffers.

In 2020, Bannon was charged with wire fraud and money laundering for taking millions of dollars for personal use that donors had contributed for the construction of a wall on the border with Mexico.

While others were found guilty in the scheme, Trump issued a blanket pardon for Bannon before leaving office in January 2021, leading to the dismissal of the charges against him.

US charges seven Chinese nationals over forced repatriation campaign

The United States has charged seven Chinese nationals for participating in an alleged campaign to force a US resident back to China, drawing a rebuke Friday from Beijing.

The Justice Department said the defendants were engaged in Beijing’s Operation Fox Hunt, which US authorities have said involves extra-judicial repatriation squads that clandestinely attempt to force expatriates to return to China.

Beijing defended the operation as part of an anti-corruption campaign and said its law enforcement agencies follow international laws when abroad.

The seven people charged on Thursday allegedly surveilled and harassed the family of an “elite” overseas Chinese national they called John Doe-1 as part of a forced repatriation campaign against him. 

“The defendants engaged in a unilateral and uncoordinated law enforcement action on US soil on behalf of the government of the People’s Republic of China, in an effort to cause the forced repatriation of a US resident to China,” Justice Department attorney Breon Peace said in a statement. 

“The United States will firmly counter such outrageous violations of national sovereignty and prosecute individuals who act as illegal agents of foreign states.”

Chinese Foreign Ministry spokesman Wang Wenbin condemned the indictment, saying Beijing was engaged in “fighting crimes, repatriating fugitives and recovering illegal proceeds” and this is supported by the international community.

“By making those allegations, the US is denying basic facts and discrediting China’s law enforcement efforts,” Wang said Friday. “We firmly oppose it.”

Two of those charged — lead defendant, Quanzhong An, 55, and his daughter Guangyang An, 34, — were arrested Thursday, while the other five accused remain at large. 

The Justice Department said Quanzhong An, described as a New York businessman, was Beijing’s key US-based liaison.

“Quanzhong An admitted that he was acting as an agent of the Provincial Commission to increase his standing in the PRC,” the Justice Department said, adding that he met with the targeted expatriate’s son several times to “cause the return of John Doe-1.”

The campaign also saw one of John Doe-1’s relatives sent from China to the US in 2018 to convey threats to his son “that were intended to coerce” his return.  

Spanish-based rights group Safeguard Defenders released a report in January citing government data to estimate that almost 10,000 Chinese nationals had been forcibly returned since 2014.

Through two programs, Operation Fox Hunt and Operation Sky Net, those targeted were pressured to return to China against their will using a combination of non-judicial methods — including kidnappings, harassment and intimidation, according to the report.

In July, the US charged nine people with acting as and conspiring to act as unregistered agents of China under Operation Fox Hunt. 

In October, five people were arrested for targeting an unnamed Chinese person living in the US.

Mordaunt enters Tory race as Johnson eyes comeback for PM

Britain’s divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a sensational comeback following the resignation of Prime Minister Liz Truss.

Cabinet member Penny Mordaunt became the first to formally declare her candidacy, after the UK’s ruling party was forced into its second leadership contest in weeks.

Mordaunt, who just missed out on making the final runoff after Johnson quit, said she was running for “a fresh start, a united party and leadership in the national interest”.

Truss announced Thursday she was quitting after just 44 tempestuous days in office.

A poll by YouGov found 79 percent of British people thought she was right to resign, with 64 percent calling her a “terrible” prime minister.

The pollster also found that three in five voters want an early general election, in line with the angry clamour coming from opposition parties as Britons struggle with a worsening cost-of-living crisis.

Labour and other parties argue only an election can end the months of political chaos, sparked when Johnson was himself forced out in July after non-stop personal and political scandal.

In the resultant contest, Truss won the support of just over 80,000 Tory party members, defeating Rishi Sunak, who correctly warned that her hard-right programme of debt-fuelled tax cuts would crash the economy.

Now with a new vacancy suddenly opening up in 10 Downing Street, the former finance minister has emerged as favourite in media straw polls of Conservative MPs. 

But Johnson was reportedly cutting short a Caribbean holiday to take part in the accelerated contest, which will see Tory MPs hold a vote on Monday before a possible online ballot for the members next week.

– Serious times –

Business Secretary Jacob Rees-Mogg, an arch Johnson loyalist, became the first minister to publicly back him, tweeting: “Only Boris can win the next election.”

Cabinet colleague Simon Clarke also endorsed Johnson.

Defence Secretary Ben Wallace, a favourite of the Tory grassroots, told reporters he was not standing himself and said: “At the moment, I’m leaning towards Boris Johnson.”

Wallace noted that Johnson was the only potential leader with UK-wide electoral legitimacy, having won a thumping victory for the Tories over Labour in 2019.

But the minister added that Johnson still had “some questions to answer” over the multiple scandals, which resulted in a yet-to-launch investigation in the House of Commons.

If found guilty of lying to the Commons over the “Partygate” scandal — lockdown-breaching revels held in Downing Street — Johnson could be suspended or even expelled from parliament.

The investigating committee is sitting on “damning new evidence” that would doom any new Johnson premiership, ITV News reported.

Thanks to such controversies, Johnson left Number 10 with dismal poll ratings. One poll found that the word most commonly associated with him for voters was “liar”.

Other Tories were aghast at the prospect of his comeback. Veteran backbencher Roger Gale warned that Johnson could face a wave of resignations from MPs refusing to serve under him as leader.

Crispin Blunt MP told the BBC that Johnson was a “fantastic communicator” but Sunak was “a much more serious personality” who could impart a “serious message” to the country.

Jesse Norman, a minister in the Foreign Office, said choosing Johnson again would be “an absolutely catastrophic decision”.

– ‘Soap opera’ –

While Sunak and Johnson are yet to formally declare, the contest is widely expected to be a three-way race between them and Mordaunt, who is the cabinet minister in charge of the House of Commons. 

Contenders have until 2:00 pm (1300 GMT) on Monday to produce a minimum 100 nominations from their fellow Tory MPs.

That means a maximum of three candidates will emerge from among the 357 Conservatives in the Commons.

If necessary, they will vote to leave two candidates standing, and hold another “indicative” vote to tell the party membership their preferred option.

If no single candidate emerges, the rank-and-file will then have their say in an online ballot and the result will be announced next Friday.

Political website Guido Fawkes, which is running a rolling spreadsheet of Tory MPs’ declared support, had Sunak on 73, Johnson on 61 and Mordaunt on 21 by Friday afternoon.

The leader of the main opposition Labour party, Keir Starmer, said Britain “cannot have another experiment” after Truss’s disastrous tenure.

“This is not just a soap opera at the top of the Tory party — it’s doing huge damage to the reputation of our country,” he said.

Mordaunt enters Tory race as Johnson eyes comeback for PM

Britain’s divisive former leader Boris Johnson on Friday received heavyweight Conservative backing to stage a sensational comeback following the resignation of Prime Minister Liz Truss.

Cabinet member Penny Mordaunt became the first to formally declare her candidacy, after the UK’s ruling party was forced into its second leadership contest in weeks.

Mordaunt, who just missed out on making the final runoff after Johnson quit, said she was running for “a fresh start, a united party and leadership in the national interest”.

Truss announced Thursday she was quitting after just 44 tempestuous days in office.

A poll by YouGov found 79 percent of British people thought she was right to resign, with 64 percent calling her a “terrible” prime minister.

The pollster also found that three in five voters want an early general election, in line with the angry clamour coming from opposition parties as Britons struggle with a worsening cost-of-living crisis.

Labour and other parties argue only an election can end the months of political chaos, sparked when Johnson was himself forced out in July after non-stop personal and political scandal.

In the resultant contest, Truss won the support of just over 80,000 Tory party members, defeating Rishi Sunak, who correctly warned that her hard-right programme of debt-fuelled tax cuts would crash the economy.

Now with a new vacancy suddenly opening up in 10 Downing Street, the former finance minister has emerged as favourite in media straw polls of Conservative MPs. 

But Johnson was reportedly cutting short a Caribbean holiday to take part in the accelerated contest, which will see Tory MPs hold a vote on Monday before a possible online ballot for the members next week.

– Serious times –

Business Secretary Jacob Rees-Mogg, an arch Johnson loyalist, became the first minister to publicly back him, tweeting: “Only Boris can win the next election.”

Cabinet colleague Simon Clarke also endorsed Johnson.

Defence Secretary Ben Wallace, a favourite of the Tory grassroots, told reporters he was not standing himself and said: “At the moment, I’m leaning towards Boris Johnson.”

Wallace noted that Johnson was the only potential leader with UK-wide electoral legitimacy, having won a thumping victory for the Tories over Labour in 2019.

But the minister added that Johnson still had “some questions to answer” over the multiple scandals, which resulted in a yet-to-launch investigation in the House of Commons.

If found guilty of lying to the Commons over the “Partygate” scandal — lockdown-breaching revels held in Downing Street — Johnson could be suspended or even expelled from parliament.

The investigating committee is sitting on “damning new evidence” that would doom any new Johnson premiership, ITV News reported.

Thanks to such controversies, Johnson left Number 10 with dismal poll ratings. One poll found that the word most commonly associated with him for voters was “liar”.

Other Tories were aghast at the prospect of his comeback. Veteran backbencher Roger Gale warned that Johnson could face a wave of resignations from MPs refusing to serve under him as leader.

Crispin Blunt MP told the BBC that Johnson was a “fantastic communicator” but Sunak was “a much more serious personality” who could impart a “serious message” to the country.

Jesse Norman, a minister in the Foreign Office, said choosing Johnson again would be “an absolutely catastrophic decision”.

– ‘Soap opera’ –

While Sunak and Johnson are yet to formally declare, the contest is widely expected to be a three-way race between them and Mordaunt, who is the cabinet minister in charge of the House of Commons. 

Contenders have until 2:00 pm (1300 GMT) on Monday to produce a minimum 100 nominations from their fellow Tory MPs.

That means a maximum of three candidates will emerge from among the 357 Conservatives in the Commons.

If necessary, they will vote to leave two candidates standing, and hold another “indicative” vote to tell the party membership their preferred option.

If no single candidate emerges, the rank-and-file will then have their say in an online ballot and the result will be announced next Friday.

Political website Guido Fawkes, which is running a rolling spreadsheet of Tory MPs’ declared support, had Sunak on 73, Johnson on 61 and Mordaunt on 21 by Friday afternoon.

The leader of the main opposition Labour party, Keir Starmer, said Britain “cannot have another experiment” after Truss’s disastrous tenure.

“This is not just a soap opera at the top of the Tory party — it’s doing huge damage to the reputation of our country,” he said.

Twitter shares fall as Musk takeover faces fresh questions

Twitter shares fell about five percent early Friday as the proposed takeover by Elon Musk faced new questions and weak Snap results weighed on social media shares.

Bloomberg reported that the Biden administration was weighing a national security review of Musk’s $44 billion takeover of Twitter, in part because of Musk’s investment consortium, which includes Prince Alwaleed bin Talal of Saudi Arabia and Qatar’s sovereign wealth fund.

Biden administration officials are also concerned about Musk’s favorable public posture towards Russian President Vladimir Putin, Bloomberg reported.

Also, the Washington Post reported that Musk plans deep staff cuts at Twitter if his purchase goes through.

While pitching the acquisition to investors, Musk said he planned to get rid of nearly three-quarters of Twitter’s workers, lopping its ranks to just over 2,000 employees from 7,500, the Post reported.

The on-again, off-again deal to merge Twitter into Musk’s empire could close as soon as next week. 

Twitter had filed a lawsuit to hold Musk to the terms of the takeover deal he inked in April, even though Musk tried to get out of it.

A US judge recently suspended litigation in the saga after Musk expressed a change of heart, giving the parties until October 28 to finalize the megadeal.

Wedbush analyst Dan Ives described the reported 75 percent Twitter staff cut as “way too aggressive,” adding that “Musk cannot cut his way to growth with Twitter.”

While acknowledging lingering questions about financing, Ives predicted the Twitter deal “gets done next week.”

A third factor weighing on Twitter shares Friday was a dismal earnings report from Snapchat parent Snap, which reported a quarterly loss of $360 million on weakening online advertising revenue.

Near 1430 GMT, Twitter shares were down 4.7 percent at $49.97.

Snap shares were off about 30 percent Friday, while other online advertisers including Facebook parent Meta and Google parent Alphabet were also lower.

Hong Kong to let Covid-hit participants of banking summit leave on own flights: official

Foreign participants at a high-profile financial summit in Hong Kong next month would be able to skip isolation and leave via “appropriate flight arrangements” if they catch Covid, a top health official said Friday.

The comments followed media reports that attendees — expected to include top executives from some of the world’s most powerful financial institutions — would be allowed to leave on private jets if they test positive for the coronavirus.

Hong Kong is aiming to reassert its position as a global financial hub with the summit, organised by the city’s central bank, after being effectively cut off because of its strict Covid policies — especially for international travellers.

If a summit participant tests positive for the coronavirus, “we will adopt the same isolation arrangements as with other inbound visitors,” Permanent Secretary for Health Thomas Chan told a press conference when asked if any rules would be relaxed for the event.

“But at the same time we will also provide facilitation should there be appropriate flight arrangements for leaving Hong Kong.”

Commercial airlines are restricted from transporting virus-positive passengers to and from Hong Kong.

Bloomberg News had reported Thursday that the Hong Kong government was considering allowing participants at the two-day summit to leave by private jet if they test positive.

Hong Kong has had a difficult three years, with a sweeping crackdown on political freedoms and the imposition of some of the world’s strictest coronavirus pandemic controls, which kept it isolated even as competitors such as Singapore reopened.

It scrapped mandatory hotel quarantine for travellers last month, as warnings grew that the financial hub was suffering brain drain and loss of business.

The Hong Kong Monetary Authority expects to draw 200 participants to the event, including the heads of 30 major financial institutions including Goldman Sachs and Morgan Stanley.

Some Covid restrictions, such as face masks, remain in Hong Kong.

Chief Executive John Lee has not yet outlined a roadmap for full reopening, and has said that the city must remain cautious while relaxing virus curbs.

Hong Kong to let Covid-hit participants of banking summit leave on own flights: official

Foreign participants at a high-profile financial summit in Hong Kong next month would be able to skip isolation and leave via “appropriate flight arrangements” if they catch Covid, a top health official said Friday.

The comments followed media reports that attendees — expected to include top executives from some of the world’s most powerful financial institutions — would be allowed to leave on private jets if they test positive for the coronavirus.

Hong Kong is aiming to reassert its position as a global financial hub with the summit, organised by the city’s central bank, after being effectively cut off because of its strict Covid policies — especially for international travellers.

If a summit participant tests positive for the coronavirus, “we will adopt the same isolation arrangements as with other inbound visitors,” Permanent Secretary for Health Thomas Chan told a press conference when asked if any rules would be relaxed for the event.

“But at the same time we will also provide facilitation should there be appropriate flight arrangements for leaving Hong Kong.”

Commercial airlines are restricted from transporting virus-positive passengers to and from Hong Kong.

Bloomberg News had reported Thursday that the Hong Kong government was considering allowing participants at the two-day summit to leave by private jet if they test positive.

Hong Kong has had a difficult three years, with a sweeping crackdown on political freedoms and the imposition of some of the world’s strictest coronavirus pandemic controls, which kept it isolated even as competitors such as Singapore reopened.

It scrapped mandatory hotel quarantine for travellers last month, as warnings grew that the financial hub was suffering brain drain and loss of business.

The Hong Kong Monetary Authority expects to draw 200 participants to the event, including the heads of 30 major financial institutions including Goldman Sachs and Morgan Stanley.

Some Covid restrictions, such as face masks, remain in Hong Kong.

Chief Executive John Lee has not yet outlined a roadmap for full reopening, and has said that the city must remain cautious while relaxing virus curbs.

French climate activists target store lights in Paris night raids

Paris climate activists have found a new way to get across their message against energy waste in the City of Light — switching off store signs and advertising screens that are kept on all night even though the government has urged people to cut back electricity use.

At 9:00 pm on a recent evening, around 20 Extinction Rebellion members gathered for a tactical briefing before spreading out on another night-time raid.

If the police spot them “we absolutely don’t run”, says “Joad,” a 32-year-old veteran of the movement, detailing out the legal risks and advice for those who might be arrested.

“There are 12 million people going cold in France because they can’t heat their homes, and on the other hand we’re wasting this energy on advertising signs that are completely useless consumption,” he tells AFP.

After distributing posters and equipment, including telescopic poles to reach switches for outdoor lights, Joad’s team heads for the lively Marais district, a magnet for both Parisians and tourists, where dozens of retailers have outlets.

Click, and off goes a Levi’s sign. On other storefronts, the group tapes up posters saying “This isn’t Versailles!” — the scolding heard by generations of French children when they leave lights on needlessly.

The team targets opticians, jewellers, perfume boutiques and mattress stores as well as the numerous luminous billboards, prising open the frames to switch them off and replace ads with their own posters.

– ‘Political courage’ –

The government, under pressure as Russia crimps gas exports to Europe, has urged people to show energy “restraint” as winter approaches, notably by lowering home heating thermostats to 19 degrees Celsius (66 degrees Fahrenheit).

It has also issued a decree that illuminated signs and publicity must be turned off from 1:00 am to 6:00 am, starting in June 2023.

The city authorities in Paris have gone further, ordering lights out for signs and advertising from 11:45 pm to 6:00 am from December.

For the climate activists, that’s not soon enough.

“We know this is very symbolic because electricity used by illuminated signs is only a tiny fraction of the energy the country uses,” said “Pikou,” a 36-year-old who also used a pseudonym.

The bigger problem, for Pikou, is the government’s “double-speak”.

“What makes me angry, and that’s why I’m here tonight, is that the government asks ordinary people for restraint, with little gestures like turning their heating down or turning off Wi-Fi, but it doesn’t have the political courage to ask for the same restraint from businesses,” he said.

As the activists progress along the winding Marais streets, their actions often garner applause from passers-by.

“I completely agree with them,” says Federica, a tourist from Milan. Anna, who also stops to watch, call the illuminated signs “a disgrace”.

One store in particular draws the activists’ ire. It is a clothing boutique vaunting its environmental credentials with the slogan “Because there is no Planet B” — alongside three large advertising screens.

The screens are quickly covered with posters.

“This is phase one. It’s about raising awareness and prevention,” says Joad, adding that some store owners respond with messages of support and promises to turn the lights off.

“For those who keep the lights on and continue this wastage, we’ll advance to phase two, which will be a bit bolder, starting in December.”

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