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Saturday, August 26, 2023

Kingston on Murray community steps up to keep town's mail service local - ABC News

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Kingston on Murray community steps up to keep town's mail service local - ABC News
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Nicolas Cage's New Thriller Movie to Cast Local Surfers in Margaret River - Surfer

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Nicolas Cage's New Thriller Movie to Cast Local Surfers in Margaret River  Surfer
Nicolas Cage's New Thriller Movie to Cast Local Surfers in Margaret River - Surfer
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AWS unveils local cloud zones for exclusive customer use - ZDNet

AWS 2023
Sabrina Ortiz/ZDNET

Amazon Web Services (AWS) has introduced local cloud zones that are set up for a customer's exclusive use, roping in the Singapore government as its first global customer. 

The AWS Dedicated Local Zones aim to cater to organizations in the public sector and other regulated industries, which have to meet regulatory and compliance requirements for certain workloads. Fully managed by the US cloud vendor, these dedicated cloud infrastructures operate in a customer-specified location or data center and are used exclusively by the customer or community. 

Also: Amazon hones in on generative AI at AWS Summit and unveils new AI projects

Singapore's Smart Nation and Digital Government Group (SNDGG) has signed up as the first global customer of the AWS Dedicated Local Zones. The government agency is responsible for the public sector's digital transformation and engineering capabilities. 

The country's government chief digital technology officer Chan Cheow Hoe said SNDGG had worked with AWS to define and build Dedicated Local Zones. "[These] meet our stringent data isolation and security requirements, enabling Singapore to run more sensitive workloads in the cloud securely," Chan said. 

The Singapore government in June said it had carved out dedicated cloud resources for the public sector to deploy artificial intelligence (AI) applications more efficiently and securely. Called the AI Government Cloud Cluster, the platform runs within a dedicated environment on Google Cloud and offers builder tools for generative AI applications, which developers with varying coding skillsets and limited technical knowledge can use to build chatbots and search platforms. 

Also: Google introduces 11 new security features for Workspace (some AI-powered)

The AI cluster can be accessed via the Government on Commercial Cloud (GCC) platform, which provides a central infrastructure for local government agencies to deploy commercial cloud services. Running on AWS, Google Cloud, and Microsoft Azure, the GCC is part of a five-year roadmap to move the public sector's on-premise IT systems to commercial cloud platforms. 

AWS has cloud regions and local zones, the latter of which are provided to meet latency and data sovereignty requirements. The new Dedicated Local Zones offer similar local benefits, with the exception that they are exclusively used by a single customer or community. 

With Dedicated Local Zones, customers also have the ability to configure their own private zones with the security and governance capabilities they need to adhere to their local regulatory needs, according to AWS. These features allow customers to monitor and control access and operations to their dedicated zones, including access auditing and restrictions.

Also: Ransomware attacks broke records in July, mainly driven by this one group

Matt Garman, AWS' senior vice president of sales and marketing, said in a post: "Our public sector and regulated industry customers have told us they want dedicated infrastructure for their most critical workloads to help meet regulatory or other compliance requirements. Many of these customers manage their own infrastructure on premises for workloads that require isolation. [However], this forgoes the performance, innovation, elasticity, scalability, and resiliency benefits of the cloud."

According to Garman, the dedicated zones, operated by local AWS staff, provide these cloud benefits with added security and governance features, including options to apply security clearance or other criteria on local AWS operating personnel. 

AWS has five local zones across the Asia-Pacific region, including in Singapore, Sydney, Tokyo, and Mumbai. 

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AWS unveils local cloud zones for exclusive customer use - ZDNet
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BRICS pivots from digital currency to local currency. Non-BRICS countries follow - Ledger Insights

The BRICS (Brazil, Russia, India, China, South Africa) summit held this week in South Africa added six more member countries, but there are no signs of a digital currency. Instead there was a commitment to greater use of local currencies rather than dollars. This week, three other non-BRICS countries announced similar moves.

The big news from the event is the plan to add six new members by January 2024: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the UAE, creating an even more diverse group.

“We are concerned that global financial and payment systems are increasingly being used as instruments of geopolitical contestation,” said Cyril Ramaphosa, South Africa’s President. “Global economic recovery relies on predictable global payment systems and the smooth operating of banking, supply chains, trade, tourism as well as financial flows.”

The joint Johannesburg II declaration encouraged the use of local currencies for trade between BRICS countries and other trading partners. 

It also stated, “We task our Finance Ministers and/or Central Bank Governors, as appropriate, to consider the issue of local currencies, payment instruments and platforms and report back to us by the next Summit.” 

Regarding platforms, China and the UAE are already participating in the MBridge platform for cross border payments using digital currency in conjunction with the BIS. There have been rumors of Russia and Iran working on a digital currency collaboration.

Five nations (not all BRICS) announce local currency plans

In the last few days there have been multiple announcements about initiatives to use local currencies instead of the dollar for cross border trade. India and the UAE recently announced plans to work on cross border CBDC initiatives. In the meantime they are stepping up the use of local currencies.

Last week, the Abu Dhabi National Oil Company (ADNOC) and the Indian Oil Corporation Limited (IOCL) executed their first transaction for a million barrels of oil under the Local Currency Settlement (LCS) framework. This was described as reducing fees and accelerating settlement times by avoiding multi day delays with US dollars.

The Reserve Bank of India has encouraged banks to start using rupees and dirham for trades between the two countries, according to Reuters.

Beyond BRICS, today the central banks of Indonesia, Malaysia, Thailand also announced agreements to trade with each other in local currencies. However, they previously signed similar agreements in 2015.


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BRICS pivots from digital currency to local currency. Non-BRICS countries follow - Ledger Insights
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Friday, August 25, 2023

With major oil exporters joining BRICS, local currency settlements rather than US dollar become more natural: analysts - Global Times

BRICS Photo:VCG

BRICS Photo:VCG


With Iran, Saudi Arabia and the United Arab Emirates joining BRICS, the multilateral mechanism now includes major global oil producers and importers. Analysts said that a wider adoption of local currencies for trade among BRICS countries, rather than using the US dollar, seems more natural.

Six candidates - Argentina, Egypt, Ethiopia, Iran, Saudi Arabia and the United Arab Emirates - will be admitted as BRICS members on January 1, 2024, South African president announced on Thursday at the BRICS summit. Currently, BRICS members include Brazil, Russia, India, China and South Africa.

A Shanghai-based oil industry insider told the Global Times on Friday on the condition of anonymity that having oil producers and consumers as members will set a foundation for BRICS members to use local currencies in settlement, which can definitely reduce transaction costs, adding that people are witnessing the twilight of the petrodollar.

As of August, the countries that have expressed interest in joining the BRICS account for 60 percent of the world's known oil and gas reserves, according to media reports.

"If you take into account the other trading blocs in which each of the  current five BRICS countries are members, as well as the countries that are willing to join BRICS, it is enough to build an independent transnational monetary system. It means that more international oil trade can break the stranglehold of the petrodollar by using local currency settlement," the insider said.

BRICS leaders stressed the importance of encouraging the use of local currencies in international trade and financial transactions between BRICS countries as well as their trading partners, and encouraging the strengthening of correspondent banking networks between BRICS countries and enabling settlements in local currencies, according to a declaration released during the three-day 15th BRICS summit ended on Thursday. 

So far, the volume of transactions within BRICS using US dollars and euros has continued to decline, open data showed.

The insider stressed that when oil and other commodities are traded directly in non-dollar currencies, the function of US Treasury bonds as foreign exchange reserves will be irreversibly weakened, as oil, the most important energy commodity traded, has always been linked to the status of the global reserve currency. 

"The selling of US dollars and US Treasuries will be accelerated," the insider noted.

In fact, a trend of reducing holdings of US Treasuries has gradually emerged.

Saudi Arabia's holdings of US Treasuries fell to a six-year low to $108.1 billion in June. The cumulative net selling of US debt is nearly $80 billion. UAE also sold nearly $4 billion US debt in total, according to data from the US Department of Treasury.

Analysts noted that the de-dollarization trend is actually the bitter fruit of the US' own making. In recent years, the US' successive unilateral financial sanctions have reminded more and more countries of the necessity and urgency for de-dollarization, which has now become a general consensus.

Meanwhile, the US dollar has long been propped up by global trust in US debt. But the US has damaged the rest of the world's economy through unlimited quantitative easing and sharp and massive interest rate hikes. It should be said that the US is overdrawing on the credit of the US dollar, a director surnamed Wang of a Beijing-based securities company told the Global Times on Friday.

"In the past, there was probably no better alternative to the US dollar, and the strong economic power of the US allowed the dollar to continue to maintain its hegemony. Now things have changed. For example, the New Development Bank of BRICS offers a local currency settlement environment to reduce the cost and complexity of cross-border trade," said Wang.

Wang also noted that the status of the dollar is affected by political and economic instability in the US. The high level of US government debt and uncertainty over the growth of the US economy will lead to a decline in the value of the dollar. It's natural that other countries want to reduce their dependence on the dollar to reduce that risk.

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With major oil exporters joining BRICS, local currency settlements rather than US dollar become more natural: analysts - Global Times
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AWS launches Dedicated Local Zones on-premise cloud offering - DatacenterDynamics

Amazon Web Services (AWS) has launched a new on-premise cloud service called Dedicated Local Zones.

“AWS Dedicated Local Zones are a type of AWS infrastructure that is fully managed by AWS, built for exclusive use by you or your community, and placed in a location or data center specified by you to help comply with regulatory requirements,” the company said in its announcement.

“Dedicated Local Zones can be operated by local AWS personnel and offer the same benefits of Local Zones, such as elasticity, scalability, and pay-as-you-go pricing, with added security and governance features. With Dedicated Local Zones, we work with you to configure your own Local Zones with the services and capabilities you need to meet your regulatory requirements.”

AWS outpost.jpg

The company said the new service was targeted at customers who have sensitive data and applications that need to run on physically separate infrastructure, that is dedicated to their exclusive use, and placed within a customer-specified regulatory jurisdiction to address security and compliance requirements.

AWS already offers on-premise appliances known as AWS Outposts, announced in 2018. Amazon suggested Dedicated Local Zones are designed to ‘eliminate the operational overhead’ of managing on-premises infrastructure – i.e. a large number of Outpost racks – at scale.

“Our public sector and regulated industry customers have told us they want dedicated infrastructure for their most critical workloads to help meet regulatory or other compliance requirements,” said Matt Garman, SVP, sales and marketing at AWS.

“Many of these customers manage their own infrastructure on premises for workloads that require isolation. This forgoes the performance, innovation, elasticity, scalability, and resiliency benefits of the cloud.”

Available services include EC2, Virtual Private Cloud (VPC), Elastic Block Store (EBS), Elastic Load Balancing (ELB), Elastic Container Service (ECS), Elastic Kubernetes Service (EKS), and Direct Connect. Deployments allow customers to operate consistent AWS infrastructure, APIs, and tools across different classifications of applications running in AWS Regions and Dedicated Local Zones.

AWS said users can deploy multiple Dedicated Local Zones for resiliency. The company hasn’t shared details about the footprint or power/cooling needs of the infrastructure. DCD has reached out for more information.

Though pay-as-you-go, costings for the new zones are reportedly based on the ‘location, data center, services, and features required’, according to Amazon’s FAQ page.

The first customer to launch a Dedicated Local Zone is the Singapore Government’s Smart Nation and Digital Government Group (SNDGG).

“AWS is a strategic partner and has been since the beginning of our cloud journey. SNDGG collaborated with AWS to define and build Dedicated Local Zones to help us meet our stringent data isolation and security requirements, enabling Singapore to run more sensitive workloads in the cloud securely,” said Chan Cheow Hoe, government chief digital technology officer of Singapore.

“In addition to helping the Singapore government meet its cybersecurity requirements, the Dedicated Local Zones enable us to offer its agencies a seamless and consistent cloud experience.”

Microsoft and Google offer on-premise cloud appliances, while Oracle offers both on-premise cloud racks and on-premise managed zones known as Dedicated Regions.

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Thursday, August 24, 2023

Local government elections likely to overlap with Voice referendum - The West Australian

The Voice referendum is not likely to see a change in the date of WA’s council polls, the Electoral Commission has revealed.

Amid uncertainty over the date of the Federal Government’s poll, campaigning for WA’s local government elections, scheduled for October 21, are likely to overlap with the national debate about the Voice.

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Local government elections likely to overlap with Voice referendum - The West Australian
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Ti Tree Local Court list, Friday, January 26 - NT News

[unable to retrieve full-text content] Ti Tree Local Court list, Friday, January 26    NT News Ti Tree Local Court list, Friday, January 2...