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3 Blind Mice Window Coverings Acquires Drapery Works of Orange County, CA
3 Blind Mice Continues Its Hyper Growth Strategy with the Acquisition of Drapery Works.
SAN DIEGO, Nov. 17, 2022 /PRNewswire/ -- 3 Blind Mice Window Coverings continues its robust growth strategy, making official the acquisition of Drapery Works, Orange County's premier window treatment and custom upholstery company. An established brand since 1977, Drapery Works has provided tens of thousands of satisfied Southern California residential and commercial clients with beautiful, functional, and affordable valances, blinds, shades, shutters, and decorative home accessories.
This acquisition follows 3 Blind Mice recently adding Kathy Pace as Director of Sales in August of 2022. The addition of Drapery Works supports the 3 Blind Mice strategy to strengthen its soft treatment offerings and expand its footprint as the premier window treatment dealer throughout California.
"We are excited about this new acquisition. Gary and Cindi Bloch have 40+ years in the business so we are excited to infuse some of that knowledge into our organization and it will give us a larger Southern California presence. Their strength in selling soft treatments like draperies, valances and roman shades will enhance our current offerings." —Scot Dietz, 3 Blind Mice CEO
3 Blind Mice Window Coverings, Inc. provides custom window treatments including blinds, shades, shutters, and draperies/curtains, as well as energy-efficient window film, solar screens, and motorized window coverings for homes & businesses throughout the state of California. Founded in 2003 by owner Scot Dietz, 3 Blind Mice has been Voted San Diego's BEST Window Coverings Company and a two-time BBB Torch Award winning company who strives to provide all customers with great prices and serve them with integrity.
For more, visit www.3BlindMiceUSA.com
3 Blind Mice Window Coverings
Michael Buonomo
Head of Marketing
[email protected]
619-851-8803
SOURCE 3 Blind Mice Window Coverings | https://www.prnewswire.com/news-releases/3-blind-mice-window-coverings-acquires-drapery-works-of-orange-county-ca-301680826.html | 2022-11-17T11:35:12 | en | 0.908225 |
SAN RAMON, Calif., Nov. 17, 2022 /PRNewswire/ -- Accela®, the trusted provider of cloud solutions for government, today announced it closed the first quarter of its fiscal year with significant continued momentum, anchored by its industry-leading net retention and record annual recurring revenue (ARR) growth of nearly 16 percent. Accela welcomed new customers including the Egypt Ministry of Education; Lincoln, WA; and Mulberry, FL. Additionally, this past quarter, Accela announced a complimentary solution to help customers affected by Hurricane Ian expedite inspections to help get displaced residents back into their homes.
"At our Accelarate conference last month, I was so inspired by the govtech professionals I met who are building resilient communities every day," said Gary Kovacs, CEO at Accela. "Accela is proud to help these leaders address their communities' urgent needs with modern government software solutions. Whether assisting with natural disaster recovery or making it easier for permits to be approved, we are motivated by empowering governments to serve their residents better."
For the quarter ending September 30, 2022, in addition to the Egypt Ministry of Education; Lincoln, WA; and Mulberry, FL, Accela added new managed services customers including the Ministry of Digital Economy and Entrepreneurship, Jordan (MODEE), Abu Dhabi Customs Authority (ADCA), and Fire and Emergency New Zealand (FENZ). Customers that added additional Accela solutions included Moreno Valley, CA; Alameda, CA Fire Department; Corvallis, OR; San Diego, CA; Wilson, NC; and Marion County, IN Health and Hospital.
Accela also will help more governments tap into the power of the cloud by confirming migrations with Fort Worth, TX; Santa Barbara, CA; Paradise, CA and Missoula, MT.
DJSC became an Accela partner and to date has led three successful, large enterprise implementations with the State of New York, Commonwealth of Massachusetts, and San Antonio, Texas.
3SG Plus also joined the Accela partner ecosystem this past quarter to help joint customers improve efficiencies, reduce cost, streamline operations and create innovative solutions for critical nonstrategic business processes.
Nearly 800 govtech industry innovators convened for Accelarate 2022, Accela's annual conference and training event for customers, partners, and other govtech industry leaders, held this year in Salt Lake City, Utah, from October 3-5. At Accelarate 2022, Accela announced the agencies and leaders named this year's Trendsetter Award winners – innovative government agencies and individuals harnessing new technologies, digital strategies, and other modernization methods to deliver excellence in their communities. A full list of winners can be found here.
Also at Accelarate, Kovacs announced that Accela is making its RDA Cloud Service available to customers affected by Hurricane Ian. This solution streamlines the inspection efforts necessary to help communities respond and recover quickly and safely. RDA Cloud Service can be used for the immediate windshield survey inspections needed to expedite FEMA relief, and for full property and infrastructure assessment. Accela's RDA Cloud Service is available at no charge for as long as impacted customers need it, and builds on its ongoing work to support first responders.
In July, Accela was recognized by Business Intelligence Group's Sammys Awards as a 2022 Organization of the Year. These awards recognize the global leaders, technologies and organizations helping to solve the challenges organizations have connecting and collaborating with prospects and customers. Accela was honored for its innovative marketing efforts and leadership aimed at helping their government agency audiences build stronger communities.
To learn more about Accela's solutions, please visit https://www.accela.com/solutions/. Several Accela customers are taking advantage of American Rescue Plan Act funds to help fund their modernization efforts. Agencies looking to learn more about this once-in-a-lifetime funding opportunity can visit this link for helpful resources.
Accela provides a unified suite of cloud solutions trusted by governments across the globe to accelerate their digital transformation, deliver vital services, and build stronger communities. More than 275 million citizens worldwide benefit from Accela's government software solutions. The company offers agile, purpose-built solutions and the power of a platform that provides users with a consumer-like experience, shares data across departments, and ensures world-class security.
With Accela, government agencies experience rapid and effective digital transformation. Accela's government software meets agencies wherever they are on their modernization journey, while also helping them prepare for whatever comes next. The company is a 2022 Microsoft US Government Partner Award winner for its excellence in innovation, a recipient of the 2022 World Changing Ideas award by Fast Company and recognized on the 2022 GovTech 100. Accela is headquartered in San Ramon, California, with offices around the world. For more information, visit www.accela.com.
Contact: Holly Langbein, (916) 769-2199, [email protected]
SOURCE Accela | https://www.prnewswire.com/news-releases/accela-closes-first-quarter-of-fiscal-year-with-increased-net-retention-and-arr-growth-new-partnerships-and-expanded-customer-roster-301681097.html | 2022-11-17T11:35:18 | en | 0.938481 |
ACORD Transcriber Now Includes AI-Enabled Data Extraction for Submission Documents Including MRCs
ACORD Solutions Group Offering Now Supports Document Digitisation Across Full Insurance Lifecycle
LONDON, Nov. 17, 2022 /PRNewswire/ -- ACORD Solutions Group, a leading provider of next-generation digital solutions for the global insurance industry, today announced the launch of extended capabilities in ACORD Transcriber, a widely used tool that enables digitisation and automation of data in insurance forms and other documents. These AI-based capabilities will facilitate data extraction from unstructured submission document formats, including current and future Market Reform Contracts (MRCs).
ACORD Transcriber was built to automate the download, population, and extraction of data in insurance documents. To date, (re)insurers, (re)brokers, and other stakeholders across the global insurance industry have processed over 15 million documents and extracted over 800 million data elements using ACORD Transcriber, resulting in faster speed to market, reduced operating costs, and enhanced data consistency and accuracy.
The latest capabilities of ACORD Transcriber's comprehensive AI/ML engine include support for data extraction from highly unstructured formats such as MRCs, Schedules of Value (SOVs), and other submission documents. Because the structure and content of these documents is extremely variable, they have historically been difficult to digitally extract data from.
"Our global (re)insurance clients have been leveraging the benefits of ACORD Transcriber in areas such as accounting and claims for years," said Chris Newman, Managing Director – Global, ACORD. "Most of these formats tend to be relatively static and fixed, making it easier to map and extract data from them. MRCs and other submission documents, on the other hand, differ so much from one to the next that solution providers have struggled to intelligently digitise them. With these capabilities, we can now support data extraction across the full insurance lifecycle, from initial submission to accounting and claims."
ACORD Transcriber can be accessed through a self-service portal, or by API-based integration with other systems. Its full integration with ADEPT (ACORD Data Exchange Platform & Translator) will allow users to extract, orchestrate, and exchange data throughout the global (re)insurance ecosystem, including the Lloyd's market as envisioned in the Blueprint Two initiative.
"Together ADEPT and Transcriber can, for instance, turn an invoice PDF into an ACORD e-Accounting (EBOT) Message, or turn a claim advice PDF into an ACORD Claims (ECOT) Message," Newman continued. "As we continue to align the Blueprint Two Core Data Record with ACORD Standards, users will be able to do things like automatically turn a traditional or next-generation MRC into an e-Placing Message (GPM), with virtually no manual intervention required. The improvements in efficiency will be enormous."
ACORD Solutions Group was created to solve critical industry challenges by delivering next-generation digital solutions and services. Our enterprise-class solutions optimize the speed, cost, and accuracy of data exchange, connecting stakeholders regardless of geography, role, and legacy constraints. ACORD Solutions Group is an extension of ACORD, the standards-setting body for the global insurance industry. Learn more at www.acordsolutions.com.
CONTACT: Beth Jarecki
[email protected]
SOURCE ACORD | https://www.prnewswire.com/news-releases/acord-transcriber-now-includes-ai-enabled-data-extraction-for-submission-documents-including-mrcs-301680984.html | 2022-11-17T11:35:20 | en | 0.904054 |
ACORD Transcriber Now Includes AI-Enabled Data Extraction for Submission Documents Including MRCs
ACORD Solutions Group Offering Now Supports Document Digitisation Across Full Insurance Lifecycle
LONDON, Nov. 17, 2022 /PRNewswire/ -- ACORD Solutions Group, a leading provider of next-generation digital solutions for the global insurance industry, today announced the launch of extended capabilities in ACORD Transcriber, a widely used tool that enables digitisation and automation of data in insurance forms and other documents. These AI-based capabilities will facilitate data extraction from unstructured submission document formats, including current and future Market Reform Contracts (MRCs).
ACORD Transcriber was built to automate the download, population, and extraction of data in insurance documents. To date, (re)insurers, (re)brokers, and other stakeholders across the global insurance industry have processed over 15 million documents and extracted over 800 million data elements using ACORD Transcriber, resulting in faster speed to market, reduced operating costs, and enhanced data consistency and accuracy.
The latest capabilities of ACORD Transcriber's comprehensive AI/ML engine include support for data extraction from highly unstructured formats such as MRCs, Schedules of Value (SOVs), and other submission documents. Because the structure and content of these documents is extremely variable, they have historically been difficult to digitally extract data from.
"Our global (re)insurance clients have been leveraging the benefits of ACORD Transcriber in areas such as accounting and claims for years," said Chris Newman, Managing Director – Global, ACORD. "Most of these formats tend to be relatively static and fixed, making it easier to map and extract data from them. MRCs and other submission documents, on the other hand, differ so much from one to the next that solution providers have struggled to intelligently digitise them. With these capabilities, we can now support data extraction across the full insurance lifecycle, from initial submission to accounting and claims."
ACORD Transcriber can be accessed through a self-service portal, or by API-based integration with other systems. Its full integration with ADEPT (ACORD Data Exchange Platform & Translator) will allow users to extract, orchestrate, and exchange data throughout the global (re)insurance ecosystem, including the Lloyd's market as envisioned in the Blueprint Two initiative.
"Together ADEPT and Transcriber can, for instance, turn an invoice PDF into an ACORD e-Accounting (EBOT) Message, or turn a claim advice PDF into an ACORD Claims (ECOT) Message," Newman continued. "As we continue to align the Blueprint Two Core Data Record with ACORD Standards, users will be able to do things like automatically turn a traditional or next-generation MRC into an e-Placing Message (GPM), with virtually no manual intervention required. The improvements in efficiency will be enormous."
ACORD Solutions Group was created to solve critical industry challenges by delivering next-generation digital solutions and services. Our enterprise-class solutions optimize the speed, cost, and accuracy of data exchange, connecting stakeholders regardless of geography, role, and legacy constraints. ACORD Solutions Group is an extension of ACORD, the standards-setting body for the global insurance industry. Learn more at www.acordsolutions.com.
CONTACT: Beth Jarecki
[email protected]
Logo - https://mma.prnewswire.com/media/1419070/ACORDSolutionsGroup_Logo.jpg
SOURCE ACORD | https://www.prnewswire.com/news-releases/acord-transcriber-now-includes-ai-enabled-data-extraction-for-submission-documents-including-mrcs-301680999.html | 2022-11-17T11:35:21 | en | 0.898538 |
Air Products and Mabanaft Plan to Build Large-Scale Green Energy Import Terminal in Hamburg
The announcement ceremony held in Hamburg was attended by Federal Minister for Economic Affairs and Climate Action Robert Habeck and First Mayor of Hamburg Dr. Peter Tschentscher
HATTINGEN, Germany and HAMBURG, Germany, Nov. 17, 2022 /PRNewswire/ -- Today, Air Products (NYSE:APD) and Mabanaft, through its subsidiary Oiltanking Deutschland, announced their intention to build Germany's first large-scale, green energy import terminal in the Port of Hamburg. This joint development agreement is an important step towards the development of a green ammonia import and distribution infrastructure in the Port of Hamburg. The project was announced at a ceremony in Hamburg, which was supported by German Federal Minister for Economic Affairs and Climate Action Robert Habeck and First Mayor of Hamburg Dr. Peter Tschentscher.
Targeted to provide hydrogen to Germany in 2026, the planned import terminal is to be located at Mabanaft's existing tank terminal in the Port. This location offers strategic access to green ammonia from large-scale green hydrogen production facilities operated by Air Products and its partners around the world. The intention is to convert the ammonia to green hydrogen via Air Products' facilities in Hamburg, before distributing it to buyers locally and across northern Germany. This plan responds to the accelerating demand for clean energy to meet climate objectives and the need to diversify energy sources.
Decarbonising the mobility sector and industrial processes
Air Products and Mabanaft are committed to expediting the development of this planned, multi-million-euro, green import facility for Germany.
"Together with Mabanaft, we look forward to further progressing our plans of importing needed-renewable energy into Germany, through our planned facility," said Air Products' Chairman, President and CEO Seifi Ghasemi. "As the world's largest producer of hydrogen, Air Products is in an excellent position to meet demand, having committed billions of dollars to produce renewable energy at locations around the world. Air Products fully appreciates the support and visionary leadership of the German government, further demonstrated by the presence of Minister Habeck, the Port of Hamburg and other members of regional and local governments at today's ceremony," he added.
"We are delighted to work together with Air Products, the world's leading hydrogen producer, on the development of this terminal. As a result, we will make significant investments and deploy our energy infrastructure capabilities and expertise to accelerate the energy transition in Hamburg as the key import gateway for Germany", reaffirmed Volker Ebeling, Senior Vice President New Energy, Chemicals & Gas at Mabanaft. The plant addresses the urgent task of decarbonising components of the mobility sector and industrial processes while in particular paving a climate-conscious way for Mabanaft and Air Products' respective customers. "This project underlines Mabanaft's commitment to conducting our business in an economically, environmentally and socially responsible way," added Volker Ebeling.
Federal Minister for Economic Affairs and Climate Action Robert Habeck said: "Now more than ever, we need to advance the hydrogen economy. To do this, we are setting up our own hydrogen production in Germany, but of course we also need hydrogen from imports. An accelerated energy transition with more speed in expanding renewable energies and ramping up green hydrogen are the right answers to the Russian aggression and the right answers to strengthen energy security, resilience and competitiveness."
Hamburg's First Mayor Dr Peter Tschentscher: "Hamburg offers excellent conditions for the import, distribution and use of green hydrogen. It is already clear today that the demand for hydrogen in Germany far exceeds the domestic production capacities. As a traditional trading city, we maintain good relations all over the world, and the interest of our international partners in the development of a green hydrogen economy is great. Hamburg aims to become a leading hydrogen location in Europe. We want to help ensure energy security in Germany and advance the decarbonisation of industry and the economy."
Hamburg's Senator for Economic Affairs Michael Westhagemann: "The development of an import infrastructure for green hydrogen is of extraordinary importance. This is the only way we can meet the enormous demand for green hydrogen in the future. Hamburg, with its port and its geographical and infrastructural location and connections, is predestined for this. I am therefore very pleased that Hamburg's strategy for the import of green hydrogen is being further implemented today through the planned construction of the first German import terminal in the Port of Hamburg. Hamburg is thus developing into one of the leading hydrogen distribution centres in Europe. For this very purpose, we now have very strong partners from the business community at our side."
Jens Meier, CEO Hamburg Port Authority said: "The Port of Hamburg is committed to protecting the climate. After completing the first important milestone by signing an MoU in February 2022 with Air Products, we are happy that we take now the next important step toward building a hydrogen value chain in co-operation with our competent partners, Air Products and Mabanaft, the central element of which will be the import of green ammonia for conversion to green hydrogen. Hamburg will be one of the first ports worldwide to offer clean hydrogen import infrastructure. This import will drive the decarbonation for several applications in the harbour, as well as applications in shipping."
Today's announcement follows a Memorandum of Understanding that Air Products and the Hamburg Port Authority signed in February 2022. Both parties committed to accelerate production, supply chain, and consumption of renewable hydrogen in the North of Germany and Free Hanseatic State of Hamburg.
About Air Products
Air Products (NYSE:APD) is a world-leading industrial gases company in operation for over 80 years focused on serving energy, environmental, and emerging markets. The Company has two growth pillars driven by sustainability. Air Products' base business provides essential industrial gases, related equipment and applications expertise to customers in dozens of industries, including refining, chemicals, metals, electronics, manufacturing, and food. The Company also develops, engineers, builds, owns and operates some of the world's largest industrial gas and carbon-capture projects, supplying world-scale clean hydrogen for global transportation, industrial markets, and the broader energy transition. Additionally, Air Products is the world leader in the supply of liquefied natural gas process technology and equipment, and globally provides turbomachinery, membrane systems and cryogenic containers.
The Company had fiscal 2022 sales of $12.7 billion from operations in over 50 countries and has a current market capitalization of over $60 billion. More than 21,000 passionate, talented and committed employees from diverse backgrounds are driven by Air Products' higher purpose to create innovative solutions that benefit the environment, enhance sustainability and reimagine what's possible to address the challenges facing customers, communities, and the world. For more information, visit www.airproducts.com or follow us on LinkedIn, Twitter, Facebook or Instagram.
About Mabanaft
The Mabanaft Group is a leading independent and integrated energy company providing its customers with innovative energy solutions for their transportation, heating, industrial and agricultural needs. The group is active in import, distribution and marketing of petroleum products, natural gas liquids and chemicals, and supports its customers' transition to cleaner fuels by providing alternative long-term solutions. Through its storage subsidiary Oiltanking Deutschland, Mabanaft is one of the largest independent operators of tank terminals for oils and biofuels in Germany. Further downstream, alongside its existing activities, Mabanaft has a strategic focus on growing its marine, aviation and commercial road transport business across Europe.
More information on the Internet at www.mabanaft.com or follow us on LinkedIn.
Cautionary Note Regarding Forward-Looking Statements: This release contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are based on management's expectations and assumptions as of the date of this release and are not guarantees of future performance. While forward-looking statements are made in good faith and based on assumptions, expectations and projections that management believes are reasonable based on currently available information, actual performance and financial results may differ materially from projections and estimates expressed in the forward-looking statements because of many factors, including risk factors described in our Annual Report on Form 10-K for the fiscal year ended September 30, 2021. Except as required by law, we disclaim any obligation or undertaking to update or revise any forward-looking statements contained herein to reflect any change in the assumptions, beliefs or expectations or any change in events, conditions or circumstances upon which any such forward-looking statements are based.
SOURCE Air Products | https://www.prnewswire.com/news-releases/air-products-and-mabanaft-plan-to-build-large-scale-green-energy-import-terminal-in-hamburg-301681336.html | 2022-11-17T11:35:22 | en | 0.93378 |
Full OnePlus 11 specs sheet leaks out: Prepare for the conscious flagship
Hot off the presses of Elon Musk's Twitter, a new leak paints a rather complete picture of the OnePlus 11 hardware specs sheet. The latest rumor comes courtesy of Yogesh Brar (@heyitsyogesh), who has a good track record when it comes to spilling the beans on
According to the leaker, the OnePlus 11 will come with a 2K (1440p) OLED display that spans 6.7 inches across and supports a refresh rate of up to 120Hz and probably going all the way down to 10Hz, or even 1Hz (though this is probably reserved for the OnePlus 11 Pro flagship).
Powering the OnePlus 11 will be the fresh and hot Qualcomm Snapdragon 8 Gen 2 chip, which was announced just the other day. Just like Apple's A16 Bionic, the latest Qualcomm chip is built on a 4nm manufacturing node by TSMC (which currently employs a superior process to Samsung's foundries) and comes off as 25% faster than the Snapdragon 8 Gen 1 while being up to 45% more battery-efficient at the same time. The chip consists of a prime core running at 3.2GHz (though Samsung gets an exclusive 3.32GHz for the Galaxy S23-series), four performance cores running at 2.8GHz, and finally, three efficiency cores ticking at 2.0GHz.
Memory-wise, Yogesh Brar has it that the OnePlus 11 will have both an 8 and a 12GB RAM version, as well as either 128 or 256GB of storage, a pretty standard stuff on Android flagships these days.
The camera system will see the return of the appealing Hasselblad branding and consist of three cameras: a 50MP one with an IMX890 sensor, a 48MP ultra-wide camera, and an unspecified 32MP telephoto. At the front, there could be a sharp 32MP selfie snapper, quite the impressive shooter!
Finally, everything will be powered by a 5,000mAh battery, which will accept up to 100W wired charging and up to 50W wireless charging, which should be fast enough to top up the battery in less than 30 minutes (and that's plenty fast!). The OnePlus 11 will unsurprisingly be running Android 13 with the company's OxygenOS 13 on deck.
Here are all the rumored specs, summarized:
- 6.7" 2K LTPO, 120Hz
- Qualcomm Snapdragon 8 Gen 2
- 8/12GB RAM
- 128/256GB Storage
- Rear Cam: 50MP (IMX890) + 48MP (UW) + 32MP
- Front Cam: 32MP
- Android 13, OxygenOS 13
- Hasselblad Tuning
- 5,000mAh battery
- 100W wired, 50W wireless charging
- Alert slider
OnePlus 11, but not Pro
As you've probably heard already, OnePlus could be dropping the "Pro" moniker from its next flagship phone, sticking to the tried-and-tested one flagship every six months formula. Make no mistake, the possibility of a OnePlus 11 Pro is probably still out there, but the majority of leakers and insiders agree that we might not see two flagships next year.
As a quick brain exercise, what features could a possible OnePlus 11 Pro improve from the "base" OnePlus 11?
Judging from the specs listed above, we will be dealing with a fairly standard "entry-level" flagship phone that should generally aim to make the OnePlus 11 Pro way more appealing. To do this, the latter could definitely improve the hardware in some key areas. Those could be the camera setup, the memory, and charging speeds.
In particular, we expect the OnePlus 11 Pro to be available with up to 16GB of RAM and up to 512GB of on-board storage. The Sony IMX989 sensor could be a serious step up for the more premium flagship, which could also score a longer telephoto camera or even a periscope shooter in comparison to the OnePlus 11. Finally, the OnePlus 11 Pro could score the 150W SuperVOOC charging, which fully topped up the OnePlus 10T in around 23 minutes (19 minutes advertised).
In terms of pricing, Yogesh Brar doesn't give throw any bones, but our guess is that the OnePlus 11 Pro to start at around $899, and this here OnePlus 11 might realistically be a $100 less, possibly boasting a $799 price tag to boot.
Loading Comments... | https://www.phonearena.com/news/Full-OnePlus-11-specs-sheet-leaks-out-Prepare-for-the-conscious-flagship_id143755 | 2022-11-17T11:35:24 | en | 0.924147 |
Amcor Sustainability Report reflects on landmark year, reveals higher target for recycled content
Global packaging leader commits to reach 30% recycled content across all products by 2030, tripling its prior target.
ZURICH, Nov. 17, 2022 /PRNewswire/ -- Amcor (NYSE: AMCR, ASX: AMC), a global leader in developing and producing responsible packaging solutions, today released its 2022 Sustainability Report, detailing continued progress against key sustainability metrics and announcing an enhanced target to achieve 30% recycled content across its portfolio by the end of the decade.
The new recycled content target, which is three times its previous target of 10%, comes as Amcor reflects on a landmark year for its efforts on sustainability. In fiscal year 2022, the company committed to net zero emissions by 2050, more than doubled post-consumer recycled material purchased since 2019 and achieved a Gold rating from EcoVadis for its industry-leading sustainability practices, placing Amcor among the top 5% of all companies assessed.
The Report highlights how Amcor has advanced on its pledge to make all products recyclable, reusable or compostable by 2025, with 74% of total production by weight already designed to be recycled and the number of innovative solutions with more sustainable properties continually growing. In 2022, the company launched a product rebrand that includes its new EcoGuardTM brand that makes it easier for customers to choose from a number of more sustainable solutions, including products that reduce the carbon footprint of packaging, are designed to be recycled and use recycled content or biomaterials.
Progress on Amcor's EnviroAction program also continues, with a 33% reduction in waste sent to disposal over the past three years and 121 Amcor sites achieving zero waste-to-disposal last year. All sites have water management plans in place, and every site that uses plastic pellets, granules or flakes has implemented Operation Clean Sweep methodology for preventing plastic pellet loss.
Ron Delia, CEO at Amcor, commented: "We're continuing to show ambition and leadership to deliver better sustainability results for our people, our customers, our investors and the environment. We're working with every part of the value chain to make this happen.
"I am particularly proud of our colleagues around the world who are dedicated to delivering on our sustainability ambitions. We now have an exciting lineup of innovative packaging products and we keep raising the bar to deliver the very best solutions for our customers' specific needs."
David Clark, Vice President, Sustainability at Amcor, said: "At Amcor, we're proud of the work we're doing to make our business, and the packaging industry, more sustainable.
"In ramping up our targets for recycled content, we're helping radically scale the amount of recycled content coming into the market to create a circular economy for packaging. We do this by not only making sure that the packaging produced is designed to be recycled, but also by boosting infrastructure and consumer awareness to ensure content gets recycled and stays in the economy."
Notes to Editors
The fiscal year covered by the 2022 Sustainability Report also saw Amcor's operations and products recognized with numerous sustainability awards, including:
- Dow Innovation – Gold Award: AmLite® HeatFlex Recyclable Packaging
- Flexible Packaging Association – Gold Award: AmPrima™ Recycle Ready Pouch for the Tyson® Instant Pot family meal skit
- Flexible Packaging Association – Silver Award – Technical Innovation: Clear Anti-Grease Jerky Pouch
- Flexible Packaging Association – Silver Award – Sustainability: AmPrima™ Recyclable PE Shrink Film
- EcoVadis – Gold Rating: industry-leading sustainability practices
- Australian Financial Review – 2022 Sustainability Leader
- 2022 Australasian Packaging Innovation and Design Awards – Silver Award: PrimeSealTM Eco-Tite® Recycle-Ready Shrink Bag
About Amcor
Amcor is a global leader in developing and producing responsible packaging solutions for food, beverage, pharmaceutical, medical, home- and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly lighter weight, recyclable and reusable, and made using an increasing amount of recycled content. In fiscal year 2022, 44,000 Amcor people generated $15 billion in annual sales from operations that span 220 locations in 43 countries. NYSE: AMCR; ASX: AMC
www.amcor.com I LinkedIn | Facebook | YouTube
SOURCE Amcor | https://www.prnewswire.com/news-releases/amcor-sustainability-report-reflects-on-landmark-year-reveals-higher-target-for-recycled-content-301681331.html | 2022-11-17T11:35:32 | en | 0.933764 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Argo Group International Holdings, Ltd. ("Argo" or the "Company") (NYSE: ARGO) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Argo investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of investors that purchased or otherwise acquired Argo common stock between February 13, 2018 and August 9, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/argo-group-loss-submission-form?prid=33774&wire=4
ARGO investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (1) Argo's reserves were wholly inadequate and its underwriting standards were not prudent as was represented; (ii) Argo had dramatically changed its underwriting policies on certain U.S. construction contracts as far back as 2018; and (iii) these policies were underwritten outside of the Company's "core" business including in certain states and for certain exposures that were far riskier than investors understood and that the Company no longer would service moving forward.
WHAT'S NEXT? If you suffered a loss in Argo during the relevant time frame, you have until December 20, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/argo-lawsuit-alert-levi--korsinsky-notifies-argo-group-international-holdings-ltd-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680946.html | 2022-11-17T11:35:38 | en | 0.952218 |
SAN FRANCISCO, Nov. 17, 2022 /PRNewswire/ -- The global athleisure market is anticipated to be worth USD 662.56 billion by 2030, according to a new report by Grand View Research, Inc. The market is projected to expand at 8.9% CAGR from 2022 to 2030. The term 'Athleisure' is a category of clothing, wherein the product is prepared from materials and offers properties that are generally associated with athletic wear & gym clothing but have been styled as everyday leisurewear. Thus, athleisure clothing offers the wearer general sportswear benefits, in a sleek and stylish look. Consumers across the globe have become more fixated on healthy lifestyle practices that involve various sporting as well as recreational activities, which has fueled the athleisure product demand in recent years.
Key Industry Insights & Findings from the report:
- Athleisure relates to various popular trends, such as a shift towards casual clothing across the globe, increased focus on convenience and comfort in addition to functionality, and the growing population of health-conscious consumers that take part in daily recreational and athletic activities that require appropriate clothing.
- According to True Fit's Fashion Genome, analysis of data from 180 million users and 17,000 brands found that athleisure orders increased by 84% since the start of the COVID-19 pandemic; in the U.K. alone, in December 2020, sales of athleisure bottoms, which include joggers, yoga pants, and leggings, among women were 5 times higher than the numbers seen in April 2020.
- In terms of the type of product, mass athleisure accounted for the largest share of more than 60% in the market in 2021, with athletic-casual clothing having become more popular and accepted in various social scenarios. On the other hand, premium offerings are also expected to witness healthy growth in demand, as luxury brands launch products such as sneakers and leggings that are stylish and comfortable.
- Based on the product, leggings are expected to advance at a healthy CAGR of 8.6% through 2030 in the market. Leggings are used for physical activities such as cycling, running, and Zumba; they can be comfortably worn as casualwear as well as activewear, and are multi-purpose and long-lasting, thus driving their appeal.
- The end-use segment in the athleisure industry comprises mainly men, women, and children; women account for a significant revenue share, aided by the growing women population involved in fitness-related and sports activities. Furthermore, brands are collaborating with leading women athletes to advertise their products, which has helped in driving sales.
- North America is a leading contributor to the athleisure market, with the U.S. having a sizeable presence in the textile and apparel sector. Several major sportswear and active wear brands have extensive presence in this region, and constant advertising has increased consumer awareness regarding athleisure clothing.
- The competition in the market is very high, aided by the presence of many international as well as regional players. Companies focus on the launch of innovative products, as well as partnerships and expansions, to drive growth. For instance, in July 2022, lululemon athletica announced that it would be launching in Spain with a local e-commerce site and two new stores in Madrid and Barcelona.
Read 120-page full market research report for more Insights, "Athleisure Market Size, Share & Trends Analysis Report By Type (Mass, Premium), By Product (Shirts, Yoga Apparel), By End User (Men, Women, Children), By Distribution Channel (Offline, Online), By Region, And Segment Forecasts, 2022 - 2030", published by Grand View Research.
Athleisure Market Growth & Trends
The trend of wearing clothes that are multifunctional and multi-seasonal has become more apparent since the advent of the COVID-19 pandemic, as working professionals preferred comfortable clothing while working from home. Additionally, this practice is expected to sustain in the coming years, as major businesses move towards a hybrid business model. Furthermore, athleisure products are being promoted and endorsed by leading sports personalities such as Serena Williams (Tennis) and Ronaldo (soccer). The use of online promotions through articles and social media activities has resulted in positive returns for various sportswear brands, which is a major factor driving sales in the athleisure industry. Businesses have become more sensitive to customer demands and requirements, offering professional advice on choosing products, which has increased the buying appeal. Furthermore, the trend of sustainability has also proliferated in the athleisure space, as brands increase their focus on using high-quality and sustainable clothing materials.
As the popularity of athleisure among consumers has increased, a steadily growing number of regional and international players have begun entering this space in recent years. Up-and-coming manufacturers are making it their aim to launch products that are multifunctional, long-lasting, and cater to as large a consumer base as possible. As per GQ, in the past 5-6 years, the market has seen the arrival of around a dozen new companies, with similar origin stories; some of these names include Iffley Road and Ashmei from Britain, DOXA Run from Denmark, and Tracksmith and Isaora from America. The trend of utility fashion has become very apparent, which is driving the demand for utility-active apparel; as a result, products featuring elastic knots and wide pockets have become easily available, as they address the need of wearers to carry their purses and smartphones, among other essentials.
Athleisure Market Segmentation
Grand View Research has segmented the global athleisure market based on type, product, end user, distribution channel, and region:
Athleisure Market - Type Outlook (Revenue, USD Million, 2017 - 2030)
- Mass
- Premium
Athleisure Market - Product Outlook (Revenue, USD Million, 2017 - 2030)
- Yoga Apparels (Tops, Pants, Shorts, Unitards, Capris, Others)
- Shirts
- Leggings
- Shorts
- Others
Athleisure Market - End-user Outlook (Revenue, USD Million, 2017 - 2030)
- Men
- Women
- Children
Athleisure Market - Distribution Channel Outlook (Revenue, USD Million, 2017 - 2030)
- Online
- Offline
Athleisure Market - Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
- U.S.
- Europe
- Germany
- U.K.
- Asia Pacific
- China
- India
- Central & South America
- Brazil
- Middle East & Africa
- UAE
List of Key Players in the Athleisure Market
- Hanes Brands, Inc.
- Adidas AG
- Vuori
- PANGAIA
- Under Armour, Inc.
- Outerknown
- EILEEN FISHER
- Patagonia, Inc.
- Wear Pact, LLC
- Lululemon Athletica
Check out more related studies published by Grand View Research:
- Sustainable Athleisure Market - The global sustainable athleisure market size is anticipated to reach USD 117.4 billion by 2027, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 5.0% from 2020 to 2027. The market is driven by the growing popularity of sustainable clothing and active wear made using environmentally safe practices among the millennial population across the world.
- Cycling Wear Market - The global cycling wear market size is expected to reach USD 7.88 billion by 2027, according to a new report by Grand View Research, Inc., expanding at a CAGR of 4.6% from 2020 to 2027. Cycling wear has been gaining increasing traction among the consumers on account of rise in awareness related to health and fitness worldwide. This is expected to boost the demand for the bicycle and subsequently drive the cycle wear demand over the forecast period.
- Athletic Footwear Market - The global athletic footwear market size is expected to reach USD 196.1 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to expand at a CAGR of 4.9% from 2022 to 2030. Athletic shoes have also been tailored for the casual market, and are popular, especially with young people. Athletic footwear is built for high performance and is considered a part of an athlete's gear along with clothing and equipment. Athletic shoes provide sports-specific levels of cushioning, flexibility, stability, traction, and durability. Cushioning minimizes the force of impact.
Browse through Grand View Research's Clothing, Footwear & Accessories Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
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Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: [email protected]
Web: https://www.grandviewresearch.com
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SOURCE Grand View Research, Inc. | https://www.prnewswire.com/news-releases/athleisure-market-is-expected-to-reach-662-56-billion-by-2030-grand-view-research-inc-301681333.html | 2022-11-17T11:35:44 | en | 0.953192 |
Bradley Wiggins' son Ben says he wants to become a world champion on the road and track at junior level in 2023.
The 17-year-old, who does a combination of track and road racing, became European junior champion in the points race earlier this year and has been part of the Fensham Howes-Mas junior team - run by Tom Pidcock's father - on the road in Europe.
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Wiggins admits that there is "a lot of pressure" carrying his family name, but is aiming high for next year and his career.
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"My goal next year is to be junior world champ on the road and track," he told Sporza.
"It's big, but you have to have big ambitions otherwise there's no point really. I have a lot of confidence in myself and my ability.
"I'm quite similar to my dad, maybe, but there are a lot of similarities with my grandad, Gary, as well. My dad was quite skinny and I'm a bit bigger. I don't want to put a label on what I am yet because I'm still young.
"People said my dad would never be able to climb when he was younger. I want to win everything, so we'll have a go."
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'The best Tour de France in my lifetime' - Wiggins
When asked about his career aspirations, he said: "In an ideal world I'd be the best ever, but it's not always an ideal world.
"My dream is to win Flanders and Roubaix, become world champion, and wear the yellow jersey in the Tour de France. Hopefully, go higher than that as well, even bigger.
"I feel like I've got the work ethic and ambition to do that. So yeah, keep watching me."
Wiggins is taking part at Gent Six Day in the 'future' field and says it is an event that is special in his family.
He said: "This was my father's favourite place to race. His dad raced here as well, so three generations of Wiggins have raced on that track now.
"It's a special place. It's the Mecca of cycling for hardcore cycling fans. I came here when he won with Cav in 2016.
"I hear stories all the time, my dad loves this place. It's hard to put into words.
"I got goosebumps just walking in. There's an atmosphere about the place you don't get anywhere else. It's special."
- - -
After a great debut season, the UCI Track Champions League is back for season two, with Laura Kenny joining the party. You can watch it all live and on demand on discovery+. We also have extensive coverage across eurosport.com.
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AUM ASSET MANAGEMENT LAUNCHES ILS OCEAN FUND INVESTING IN INSURANCE-LINKED SECURITIES
- ILS Ocean Fund structured with a Barbados captive, the first of its kind in this jurisdiction, modeled after Bermuda ILS funds
- Invests in insurance-linked securities across geographies and insurance sectors and aims to achieve a robust return over money market investments, with low correlation to financial markets
SLIEMA, Malta, Nov. 17, 2022 /PRNewswire/ -- AUM Asset Management Ltd. ("AUM Asset Management"), an independent investment management company that provides investment and fund solutions, asset management and advisory services to institutional investor and family office clients around the world, announced today the launch of its ILS Ocean Fund ("The Fund"), a Cayman Islands exempted company incorporated with limited liability under the Companies Act on 4 January 2022.
The Fund invests in a globally diversified portfolio of dollar-denominated, insurance-linked securities ("ILS") instruments in a diversified set of geographies and aims to achieve an attractive return over money-market investments (risk-free rate plus 3%), with low correlation to fluctuations in financial markets through special purpose vehicles ("SPVs") that are set up specifically and exclusively to hold and manage such portfolios. The ILS investments span a wide range of insurance sectors, including but not limited to non-life, property, casualty, motor, marine cargo & hull, surety and other miscellaneous sectors, which provide the Fund with opportunities that potentially may not be easily accessible by other investors.
The underwriting strategy for The Fund will mirror that of the captive insurance company in which it is invested, Ocean International Reinsurance Co Ltd. ("Ocean RE"), and will take a vertical cut of all lines of business (excluding Life Business), supported by the actuarial models based on share capital of USD$10M. Ocean Re takes into account the complexity and process requirements of each potential captive program, as well as local market practices, legislation, acquisition costs, taxes, income and reinsurance costs, among other factors, to generate competitive offers for each client, seeking to create a "win/win" scenario in each business.
The Fund is the first ILS fund with a Barbados captive, modeled after the well-known Bermuda captive approach typically used by ILS funds in the past, and has established a new precedent for future insurance funds with this unique regulatory structure.
ABOUT AUM ASSET MANAGEMENT
AUM Asset Management Ltd. is an independent investment management company that provides investment and fund solutions, asset management and advisory services to institutional investor and family office clients around the world. The firm seeks consistent growth of clients' wealth, while employing a thoughtful, ESG-centric approach to investing that has a positive impact on the environment and society. AUM incorporates sustainability as a core factor in all of its investments. AUM offers clients a range of innovative traditional, alternative and real-asset-based investment solutions. The firm's multi-faceted investment approach combines multiple strategies (hedge funds, real estate, private equity, merger arbitrage), markets, geographies and asset classes with an unrestricted mindset to offer its investors absolute returns over the long term. The firm was founded in 2015 by financier and investor Jean-François de Clermont-Tonnerre and has offices in Malta and London. To learn more about the firm, go to https://aum-am.com/.
Media Queries:
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SOURCE AUM Asset Management Ltd. | https://www.prnewswire.com/news-releases/aum-asset-management-launches-ils-ocean-fund-investing-in-insurance-linked-securities-301679464.html | 2022-11-17T11:36:08 | en | 0.914122 |
Cristiano Ronaldo has received an offer to play in the top flight of Australian football.
The five-time Ballon d'Or winner faces an uncertain future at Manchester United after an interview with Piers Morgan was released this week where he said he felt "betrayed" by the club and admitted he has no respect for current manager Erik ten Hag.
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The 37-year-old looks set to leave United in January after his remarks and A-League boss Danny Townsend says they have put together a "compelling proposition" to lure him Down Under.
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“[Ronaldo] said he wasn’t getting any love and respect at Manchester United but we’ll certainly give him plenty of love and respect in Australia,” the Australian Professional Leagues chief executive said.
“We might not be able to compete financially with other offers but we can compete in other ways.”
Townsend told local radio station SportsFM earlier on Thursday: “Obviously, it’s a long shot but we’ve certainly got a compelling proposition for him here in Australia to consider."
Ronaldo's former Portugal and United team-mate Nani currently plays for Melbourne Victory.
Ronaldo revealed to Morgan that he was close to joining Manchester City before returning to United in the summer of 2021.
- Ronaldo reveals he was 'close' to joining Man City before Man Utd return
- Ill Ronaldo to miss Portugal friendly, Santos says he is not a distraction
“Honestly, it [moving to City] was close,” Ronaldo said.
“They spoke a lot and [Manchester boss Pep] Guardiola said two weeks ago that they tried hard to have me.
“But, as you know, my history is in Manchester United. Your heart, you're feeling the way you did before, and it made the difference. And of course, as well, Sir Alex Ferguson. It was a conscious decision because the heart speaks loud in that moment."
Ronaldo is currently preparing for the World Cup in Qatar as he looks to win football's most prestigious competition for the first time in his career this month.
Porugal get their Group H campaign underway against Ghana on November 24.
Ronaldo misses training with 'bug' following bombshell interview
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NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Barclays PLC ("Barclays" or the "Company") (NYSE: BCS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Barclays investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons who purchased or otherwise acquired Barclays American Depositary Receipts on a U.S. open market between February 18, 2021 and March 25, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/barclays-plc-information-request-form?prid=33766&wire=4
BCS investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: a) as of December 31, 2020 and February 18, 2021, Barclays had a material weakness in its internal control environment due to the fact that the over-issuance had occurred and was not immediately identified; and b) they failed to disclose that as of February 18, 2021 (i) Barclays Bank PLC ("BBPLC") had and was selling unregistered securities in excess of the amounts registered by the August 2019 shelf registration statement, (ii) BBPLC was violating U.S. securities laws and/or the U.S. Securities and Exchange Commission regulations, subjecting Barclays to legal liability, and (iii) BBPLC was required to conduct a rescission offer for those unregistered securities.
WHAT'S NEXT? If you suffered a loss in Barclays during the relevant time frame, you have until November 22, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/bcs-lawsuit-alert-levi--korsinsky-notifies-barclays-plc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680918.html | 2022-11-17T11:36:14 | en | 0.950278 |
Andy Roddick praised Carlos Alcaraz’s “meteoric” rise after he was confirmed as the youngest-ever year-end No. 1 – but thinks Novak Djokovic is the best in the world right now.
Alcaraz, 19, has enjoyed an incredible season, winning two Masters titles and also the US Open.
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It has taken him just 140 days from entering the top 10 to reach No. 1, which is the shortest time in history, 21 days quicker than previous record holder Marat Safin.
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“What a talent Alcaraz is,” said former world No. 1 Roddick on Tennis Channel.
"This kid's rise has been meteoric. He so obviously passes the eye test for someone who is going to win majors, now to get to No. 1 that quickly, that's a different story.”
Alcaraz is not competing in this week’s ATP Finals due to injury, but he flew to Turin on Wednesday to collect the year-end No. 1 trophy.
Had he been competing it would have been fascinating to see him clash with Djokovic, who has looked in fantastic form since returning to the tour a few months ago.
Despite Alcaraz’s rise to the top of the rankings, there are many who think 21-time Grand Slam champion Djokovic is still the top men’s player.
Former British No. 1 Tim Henman said as much at the Laver Cup in September, and Djokovic has won 15 of 16 matches since then, including two in straight sets at the ATP Finals. Djokovic is ranked No. 8 in the world after missing large chunks of the season due to his inability to travel to some countries because he is unvaccinated.
"As we look forward to next year I still think you'd be hard-pressed to find someone who doesn't think Novak Djokovic is the best player in the world,” said Roddick.
“But the No. 1 rank for Alcaraz is well deserved, he was unbelievable to watch this year. I wish so badly he was in Turin mixing it up this week with this group of phenomenal players but we want health and he has a long career ahead of himself.
“Hopefully he comes back healthy and ready, and I can’t wait to see him match up with Rafa [Nadal], Novak and the guys that are going to try to claim that territory for as long as they can. What a gift to the game Alcaraz has been.”
Alcaraz’s year-end No. 1 finish ends a remarkable run of domination by the Big Four of Djokovic, Rafael Nadal, Roger Federer and Andy Murray.
The last non-Big Four player to end the year atop the rankings was Roddick in 2003.
“It just goes to show those guys are selfish, very, very selfish... keeping titles from the rest of us mortals," joked Roddick.
Andy Roddick was world No. 1 in 2003
Image credit: Getty Images
"I don't know if we are ever going to see consistency like we've seen from the Big Four over the last 20 years. Even when Pete [Sampras] was dominant and his run of finishing No. 1 in the world, he still lost in the third round sometimes and had a surface that he was not in the top five or top 10 on.
“They have completely revolutionised the game in terms of consistency and statistical metrics…it's just absurd.
"It took an all-world talent like Carlos Alcaraz who is already a complete player at 19 years old now. He can get better in some places but we’d be nit picking.”
Alcaraz aiming to be ready for start of 2023
Alcaraz has been out of action since suffering an injury in the semi-finals of the Paris Masters earlier this month.
Discussing his recovery at the ATP Finals, he said: “I'm really focused on recovering as soon as possible. But I could say in a week we improve a lot in the injury.
“I'm going to say at the beginning of the season, I'm going to be ready, I'm going to be 100 per cent.
‘Fighting for biggest titles and winning them’ – Ruud impressed by Alcaraz and Rune
“Right now I have some days off, some holidays, to disconnect a little bit, to take a rest. But after that I am focused on the pre-season, I'm focused on improving, starting Australian Open as better as I can."
The previous youngest year-end was Lleyton Hewitt in 2001.
Alcaraz is 16 months younger than Hewitt was when he moved to the top of the rankings.
"It means a lot to me," Alcaraz said. "To get this trophy, the World No. 1, to be part of tennis history along with a lot of legends, for me [it] is an amazing feeling
“I'm a little bit disappointed to not be able to play here in the ATP Finals. I really wanted to play here. These kind of things can happen in tennis life. But…at the same time I'm really grateful to lift this amazing trophy. It's an amazing achievement. All the hard work pays off. For me it's incredible to lift this trophy today."
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BIT Mining Limited Announces Unaudited Financial Results for the Third Quarter ended September 30, 2022
AKRON, Ohio, Nov. 17, 2022 /PRNewswire/ -- BIT Mining Limited (NYSE: BTCM) ("BIT Mining," "the Company," "we," "us," or "our company"), a leading technology-driven cryptocurrency mining company, today reported its unaudited financial results for the third quarter ended September 30, 2022.
Cryptocurrency Business Progress
BIT Mining has four primary business segments covering self-mining, mining pool, data center operation and mining machine manufacturing. The Company is pursuing its development strategy to focus on cryptocurrency mining operations globally.
Our subsidiary, Bee Computing, has designed a new generation of highly efficient Bitcoin ("BTC") and Dogecoin ("DOGE") / Litecoin ("LTC") mining machines utilizing the most advanced technology.
- Together with our partners, we have successfully taped out a 12-nanometer chip and have completed mass production of more than 1,000 LTC mining wafers. We are currently in the trial production stage of DOGE/LTC mining machine products and will start mass production in the fourth quarter of 2022. We expect to mass produce approximately 3,300 DOGE/LTC mining machine products by the end of December 2022 or early January 2023.
- Our research and development of a 7-nanometer chip for BTC mining machines also has achieved significant progress. The wafer is currently being taped out by a well-known semiconductor manufacturing company, and the results will be received in early December 2022. If the results are valid, we will be able to proceed with the final verification of ASIC and the mining system in December 2022.
- Moreover, Bee Computing successfully produced 252 W1 ASIC Ethereum Classic ("ETC") mining machines in August 2022, achieving power efficiency of 0.5 W/MH. These ETC mining machines have been deployed and are online at the cryptocurrency mining data center we host in Akron, Ohio (the "Ohio Mining Site"). As of today, a substation with power capacity of 82.5 megawatts has completed construction and is operational at the Ohio Mining Site.
The Ethereum Merge, namely, of the Ethereum Mainnet and the Beacon Chain Proof-of-Stake system (the "Merge"), occurred on September 15, 2022. We produced 4,206 Ethereum ("ETH") from our ETH cryptocurrency mining operations, and recognized revenue of approximately US$6.4 million for the three months ended September 30, 2022. After the Merge, the Company changed its strategy to ETC cryptocurrency mining operations. As of today, the total hash rate capacity of our online ETC mining machines is approximately 2,806.92 GH/s. For the three months ended September 30, 2022, we produced 10,399 ETC from our ETC cryptocurrency mining operations, and recognized revenue of approximately US$0.3 million.
Due to recent declines in cryptocurrency markets, we suspended the operation of certain types of BTC mining machines. Despite the changes and uncertain environment, we are still determined to improve our quality and efficiency. As of today, the total hash rate capacity of our online BTC mining machines is approximately 64.61 PH/s. For the three months ended September 30, 2022, we produced 15 BTC from our BTC cryptocurrency mining operations, and recognized revenue of approximately US$0.4 million.
Due to declines in prices of cryptocurrencies in the third quarter of 2022, mining pool business revenue decreased from US$178.5 million for the three months ended June 30, 2022 to US$88.5 million for the three months ended September 30, 2022.
Sale of Shares of Loto Interactive Limited
On July 12, 2022, the Company entered into a share sale and purchase agreement (the "Sale and Purchase Agreement") with an unaffiliated third party (the "Buyer"), pursuant to which the Company agreed to sell, and the Buyer agreed to purchase, approximately 51% of the total issued share capital of Loto Interactive Limited ("Loto Interactive"), representing 279,673,200 shares of Loto Interactive at the price of HK$0.28 per share for a total consideration of HK$78,308,496 (the "Transaction"). After the Transaction, the Company's share ownership in Loto Interactive will decrease to 8.79%.
"We are glad to announce our financial results for the third quarter ended September 30, 2022, as we continue to execute our strategy to create value across the cryptocurrency ecosystem," said Mr. Xianfeng Yang, CEO of BIT Mining. "Over the past quarter, we focused on R&D and identifying synergies across our vertically integrated supply chain. Cryptocurrency price weakness and higher energy prices have had a significant impact on stock prices and revenues of companies in our sector, including BIT Mining. Despite turbulent market conditions, we remain committed to our long term growth strategy and confident in our ability to create value for our shareholders in the future. In the meantime, we continued to make progress in the construction of our data centers in Ohio. Given our early-mover advantage in Ethereum mining, we are also making inroads into Proof-of-Stake (POS) operations by providing a series of services including governance and monitoring, node management and account systems. Looking forward, we plan to continue to further enhance our value proposition and further strengthen our mining technology."
Third Quarter 2022 Highlights for Continuing Operations
- Revenues were US$97.0 million in the third quarter of 2022, representing a sharp decrease of US$296.1 million from US$393.1 million for the third quarter of 2021, and a significant decrease of US$98.5 million from US$195.5 million for the second quarter of 2022. Revenues during the third quarter of 2022 primarily comprised US$88.5 million in revenue contribution from the mining pool business.
- Operating loss was US$33.6 million in the third quarter of 2022, representing a decrease of US$1.4 million from US$35.0 million for the third quarter of 2021, and an increase of US$10.3 million from US$23.3 million for the second quarter of 2022.
- Non-GAAP operating loss[1] was US$14.3 million in the third quarter of 2022, as compared with non-GAAP operating loss of US$25.0 million for the third quarter of 2021, and non-GAAP operating loss of US$20.6 million for the second quarter of 2022.
- Net loss attributable to BIT Mining was US$22.2 million in the third quarter of 2022, as compared with net loss attributable to BIT Mining of US$29.6 million for the third quarter of 2021, and net loss attributable to BIT Mining of US$21.0 million for the second quarter of 2022.
- Non-GAAP net loss[1] attributable to BIT Mining was US$2.9 million in the third quarter of 2022, as compared with non-GAAP net loss attributable to BIT Mining of US$19.6 million for the third quarter of 2021, and non-GAAP net loss attributable to BIT Mining of US$18.3 million for the second quarter of 2022.
- Basic and diluted losses per American Depositary Share ("ADS") attributable to BIT Mining Limited for the third quarter of 2022 were US$0.23.
- Non-GAAP basic and diluted losses per ADS1 attributable to BIT Mining Limited for the third quarter of 2022 were US$0.03.
Third Quarter 2022 Financial Results for Continuing Operations
Revenues
Revenues were US$97.0 million for the third quarter of 2022, representing a sharp decrease of US$296.1 million or 75.3% from US$393.1 million for the third quarter of 2021 and a significant decrease of US$98.5 million or 50.4% from US$195.5 million for the second quarter of 2022. The year-over-year and sequential decreases were mainly attributable to continuous declines in prices of cryptocurrencies since the second quarter of 2022. Revenues mainly comprised US$88.5 million from the mining pool business and US$7.1 million from the cryptocurrency mining business.
Operating Costs and Expenses
Operating costs and expenses were US$113.6 million for the third quarter of 2022, representing a sharp decrease of US$300.6 million or 72.6% from US$414.2 million for the third quarter of 2021, and a significant decrease of US$91.9 million or 44.7% from US$205.5 million for the second quarter of 2022. The year-over-year decrease was mainly due to a significant decrease of US$304.4 million in cost for the allocation to pool participants associated with the mining pool business. The sequential decrease was mainly due to a decrease of US$87.1 million in cost for the allocation to pool participants associated with the mining pool business.
Cost of revenue was US$108.1 million for the third quarter of 2022, representing a sharp decrease of US$296.7 million or 73.3% from US$404.8 million for the third quarter of 2021, and a significant decrease of US$90.6 million or 45.6% from US$198.7 million for the second quarter of 2022. The year-over-year decrease was mainly attributable to a significant decrease of US$304.4 million in cost for the allocation to pool participants associated with the mining pool business. The sequential decrease was mainly due to a decrease of US$87.1 million in cost for the allocation to pool participants associated with the mining pool business. Cost of revenue was comprised of the direct cost of revenue of US$96.8 million and depreciation and amortization of US$11.3 million. The direct cost of revenue mainly included direct costs relating to (i) the mining pool business of US$90.6 million, (ii) the cryptocurrency mining business of US$4.3 million and (iii) the data center business of US$1.9 million.
Sales and marketing expenses were US$0.2 million for the third quarter of 2022, unchanged from US$0.2 million in both the third quarter of 2021 and the second quarter of 2022.
General and administrative expenses were US$4.6 million for the third quarter of 2022, representing a decrease of US$3.5 million or 43.2% from US$8.1 million for the third quarter of 2021, and a decrease of US$0.9 million or 16.4% from US$5.5 million for the second quarter of 2022. The year-over-year decrease was mainly due to (i) a decrease of US$2.1 million in share-based compensation expenses associated with fewer share options granted to the Company's directors and employees, and (ii) a decrease of US$1.7 million in consulting expenses. The sequential decrease was mainly due to (i) a decrease of US$1.2 million in share-based compensation expenses associated with fewer share options granted to the Company's directors and employees, and (ii) an increase of US$0.3 million in rental and travelling expenses.
Service development expenses were US$0.8 million for the third quarter of 2022, representing a decrease of US$0.3 million or 27.3% from US$1.1 million for the third quarter of 2021 and US$1.1 million for the second quarter of 2022. The year-over-year and sequential decreases were mainly due to a decrease of US$0.3 million in compensation expenses for employees as a result of a decrease in headcount.
Net (Loss) Gain on Disposal of Cryptocurrencies
Net gain on disposal of cryptocurrencies was US$4.6 million for the third quarter of 2022, representing a decrease of US$6.6 million from US$11.2 million net gain on disposal of cryptocurrencies for the third quarter of 2021, and compared with a US$6.9 million net loss on disposal of cryptocurrencies for the second quarter of 2022, by using first-in-first-out ("FIFO") to calculate the cost of disposition during the third quarter of 2022.
Impairment of Cryptocurrencies
Impairment of cryptocurrencies was US$2.5 million for the third quarter of 2022, representing a decrease of US$11.1 million from US$13.6 million for the third quarter of 2021 and a decrease of US$2.4 million from US$4.9 million for the second quarter of 2022, mainly due to provisions for impairment of cryptocurrency assets held as a result of fluctuations in cryptocurrency prices and lower amounts of cryptocurrencies held as of September 30, 2022.
Impairment of Property and Equipment
Impairment of property and equipment was US$11.7 million for the third quarter of 2022, representing an significant increase of US$10.9 million from US$0.8 million for the second quarter of 2022, which was mainly due to a provision for impairment of mining machines in Kazakhstan and the U.S. Impairment of property and equipment for the third quarter of 2021 was US$9.8 million, mainly due to the closure and demolition of big data centers in Sichuan, China.
Impairment of Intangible Assets
Impairment of intangible assets was US$7.5 million for the third quarter of 2022, mainly due to the impairment of the strategy contract that the Company acquired through its acquisition of Asgard Data Centers in October 2021.
Operating Loss
Operating loss was US$33.6 million for the third quarter of 2022, compared with operating loss of US$35.0 million for the third quarter of 2021, and operating loss of US$23.3 million for the second quarter of 2022.
Non-GAAP operating loss was US$14.3 million for the third quarter of 2022, compared with non-GAAP operating loss of US$25.0 million for the third quarter of 2021, and non-GAAP operating loss of US$20.6 million for the second quarter of 2022. The year-over-year decrease in non-GAAP operating loss was mainly due to (i) a decrease of US$11.1 million of impairment of cryptocurrencies, (ii) a decrease of US$6.6 million in net gain on disposal of cryptocurrencies, (iii) a decrease of US$4.6 million in loss on disposal of mining machines, and (iv) a decrease of US$0.6 million in gross losses of the cryptocurrency business. The sequential decrease in non-GAAP operating loss were mainly due to (i) a decrease of US$11.5 million in net loss on disposal of cryptocurrencies, (ii) a decrease of US$2.4 million of impairment of cryptocurrencies, and (iii) an increase of US$7.9 million in gross losses of the cryptocurrency business, which was mainly attributable to declines in cryptocurrency market.
Net Loss Attributable to BIT Mining
Net loss attributable to BIT Mining was US$22.2 million for the third quarter of 2022, compared with net loss attributable to BIT Mining of US$29.6 million for the third quarter of 2021, and net loss attributable to BIT Mining of US$21.0 million for the second quarter of 2022. The year-over-year decreases in net loss attributable to BIT Mining was mainly due to a decrease of US$4.6 million in loss on disposal of mining machines and an increase of US$3.3 million in gain from disposal of a subsidiary, which was mainly attributable to the sale of shares of Loto Interactive Limited in July 2022. The sequential increases in net loss attributable to BIT Mining were mainly due to an increase in gross losses of the cryptocurrency business, which was mainly attributable to declines in cryptocurrency market.
Non-GAAP net loss attributable to BIT Mining was US$2.9 million for the third quarter of 2022, compared with non-GAAP net loss attributable to BIT Mining of US$19.6 million for the third quarter of 2021, and non-GAAP net loss attributable to BIT Mining of US$18.3 million for the second quarter of 2022. The year-over-year and sequential decreases in non-GAAP net loss attributable to BIT Mining were mainly due to the reasons as mentioned above.
Third Quarter 2022 Financial Results for Discontinued Operations
Net Loss from Discontinued Operations, Net of Taxes
Net loss from discontinued operations, net of taxes was nil for the third quarter of 2022, compared with net loss from discontinued operations, net of taxes of US$6.7 million for the third quarter of 2021. The year over year decrease of US$6.7 million was due to the disposal of the Company's Chinese lottery-related business and termination of its lottery business-related VIE contracts in July 2021.
Cash and Cash Equivalents and Restricted Cash
As of September 30, 2022, the Company had cash and cash equivalents of US$12.5 million, restricted cash[2] of US$0.1 million and time deposits[3] of US$7.3 million, compared with cash and cash equivalents of US$22.6 million and restricted cash of US$0.1 million as of June 30, 2022.
Cryptocurrency Assets
As of September 30, 2022, the Company had cryptocurrency assets of US$17.4 million in aggregate, which are the equivalent of 219 BTC, 6,843 ETH, 48.5 million DOGE and various other cryptocurrency assets, including those generated from its mining pool and cryptocurrency mining businesses.
About BIT Mining Limited
BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company, with a long-term strategy to create value across the cryptocurrency industry. Its business covers cryptocurrency mining, mining pool, data center operation and mining machine manufacturing. The Company owns the world's top blockchain browser BTC.com and the comprehensive mining pool business operated under BTC.com, providing multi-currency mining services including BTC, ETC and LTC. The Company also owns a 7-nanometer cryptocurrency mining machine manufacturer, Bee Computing, enabling the Company's self-efficiency through vertical integration with its supply chain.
Safe Harbor Statements
This news release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as "will", "expects", "anticipates", "future", "intends", "plans", "believes", "estimates", "target", "going forward", "outlook" and similar statements. Such statements are based upon management's current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company's control, which may cause the Company's actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company's filings with the U.S. Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.
About Non-GAAP Financial Measures
As a supplement to net income, we use the non-GAAP financial measure of adjusted net loss which is U.S. GAAP net loss as adjusted to exclude share-based compensation expenses, impairment of acquired intangible assets, impairment of property and equipment, and changes in fair value of derivative instrument. All adjustments are non-cash and we believe they are not reflective of our general business performance. This non-GAAP financial measure is provided as additional information to help our investors compare business trends among different reporting periods on a consistent basis and to enhance investors' overall understanding of our current financial performance and prospects for the future. This non-GAAP financial measure should not be considered in addition to or as a substitute for or superior to U.S. GAAP net income. In addition, our definition of adjusted net income may be different from the definition of such term used by other companies, and therefore comparability may be limited.
For more information:
BIT Mining Limited
[email protected]
ir.btcm.group
www.btcm.group
The Piacente Group, Inc.
Brandi Piacente
Tel: +1 (212) 481-2050
Email: [email protected]
SOURCE BIT Mining Limited | https://www.prnewswire.com/news-releases/bit-mining-limited-announces-unaudited-financial-results-for-the-third-quarter-ended-september-30-2022-301681302.html | 2022-11-17T11:36:20 | en | 0.961901 |
PANNINGEN, Netherlands, Nov. 17, 2022 /PRNewswire/ -- According to the UN¹ buildings are responsible for nearly 40% of annual CO2 emissions worldwide. Bruynzeel's smart mobile storage systems can reduce the footprint of buildings by 50%. Compared to new construction (or extensions), this can result in a 90% reduction of a building's CO2 emissions. Bruynzeel systems have the lowest CO2 footprint in our industry. Bruynzeel, the European market leader in space-saving storage systems, is itself climate neutral in its own operations (Scope 1 and 2, Green House Gas protocol 2). This has been researched and confirmed by Deloitte. In addition, Bruynzeel has committed to the Science Based Targets initiative (SBTi3) to achieve 'Net Zero' for Scope 1,2 and 3 by 2045. It's Bruynzeel's ambition as 'the footprint reduction company' to further strengthen its position as the most sustainable producer in our industry in the coming years.
Alternative to new construction
When existing businesses are required to increase their real estate footprint due to growth; expansion, new construction or external storage are options considered. Frequently overlooked is the possibility of utilizing their existing real estate footprint more effectively. Making better use of existing square feet can bring huge savings. This also avoids having unnecessary utility costs for heating, cooling, lighting, and cleaning additional areas. Besides savings on investments, lead times for planning and building permits, building materials and labor capacity challenges, the CO2 impact that can be reduced in this way over 20 years is significant: up to 90%!
Sustainability ambitions
Bruynzeel always wants to lead the way and is keen to work with partners and clients to realize sustainability ambitions and raise the bar. A key role in the CO2 neutrality of Bruynzeel's own business activities (Scope 1 and 2) and the SBTi3's 'Net Zero' target for 2045 is that all energy used in its own factory in The Netherlands is generated entirely sustainably by a large Dutch biogas project and via local solar and wind energy.
An important part of the strategy is also the application of Bruynzeel GreenSteel®, which already allows Bruynzeel's storage systems to be made largely CO2/climate neutral. Bruynzeel is also working with partners in the steel industry to apply hydrogen-produced steel as soon as possible. Until then, Bruynzeel aims to supply at least 50% of its production with Bruynzeel GreenSteel®, which is currently the most sustainable steel through accredited certificates.
In doing so, Bruynzeel wants to encourage companies and governments to include more ambitious and objective sustainability criteria in new project tenders to make a real change. Bruynzeel also imposes increasingly stringent sustainability requirements on all its suppliers.
Substantial savings of energy, water, and chemicals
Bruynzeel is the only player in our industry to use a special production process with a high proportion of non-galvanized and unoiled materials. This results in large-scale savings in the use of energy, water, and chemicals in the production process. At present, 95% of Bruynzeel's total steel consumption is already 'non-galvanized' and over 75% unoiled. This saves more than 50% in CO2 impact compared to the current standard in our industry, but also in adjacent industries where steel is used.
Alexander Collot d'Escury, CEO of Bruynzeel Storage Systems: "Sustainability has long been part of our DNA. Bringing our own CO2 emissions to net zero sets the benchmark in our industry worldwide. We can help customers take big steps towards achieving their sustainability goals. Our solutions can contribute to an unprecedented 90% reduction in CO2 compared to new construction. Moreover, with today's material, staff shortages and building permit issues, it is much cheaper and faster to achieve. With increasingly scarce and expensive square feet in Western countries, our solutions are rapidly becoming increasingly interesting to clients in a wide range of international markets."
About Bruynzeel Storage Systems
Bruynzeel Storage Systems is the European market leader for innovative and space-saving mobile storage systems. Bruynzeel supplies mobile storage systems worldwide with the most innovative functionality and safety for users and objects. Bruynzeel helps these organizations use their space in the most efficient and effective way. Less space required means lower costs and has a huge positive impact on the carbon footprint. Bruynzeel itself is climate neutral in its own operations (Scope 1 and Scope 2). Its solutions have the lowest CO2 footprint in our industry. As 'The Footprint Reduction Company', Bruynzeel's mission is to support organizations in reducing their carbon footprint.
In addition to its own 10 offices in Europe and the United States, Bruynzeel operates through an extensive network of distributors in Africa, the Middle East, Latin America, North America, Australia, and Asia. All systems are produced at its factory in Panningen. The company has more than 200 employees and with its best-in-class manufacturing process, Bruynzeel is able to deliver mobile storage systems with high quality and design within the fastest production and delivery times.
Bruynzeel Storage Systems was founded in 1953 as part of the Bruynzeel group and became independent in the 1980s. The Company operates in the museum, archive, library, and office markets with clients including Louvre Paris and Abu Dhabi, Depot Boijmans van Beuningen, UK Government National Archives and Schiphol Airport. The Dutch - based company is also growing rapidly in mobile storage solutions for healthcare, retail, industry, and vertical farming.
Since mid-2021, Bruynzeel has been back in Dutch hands with private equity firm Gilde Equity Management (GEM) holding a majority share. With the support of Gilde, Bruynzeel can accelerate the execution of its international growth strategy by growing in existing and new geographical markets, developing new promising markets, and strengthening its leading position in sustainable products and processes. Acquisitions in key geographical areas and markets are part of the growth strategy.
For more information:
Bruynzeel Storage Systems
Marius Schlatmann, Group Marketing Manager
Tel. +31 (0)77- 306 90 00
Email: [email protected]
Website: www.bruynzeel-storage.com
Annex: Illustrations https://bruynzeel.filecamp.com/s/Fn7wPiJTr8zB3Bde/fo
Note2: https://ghgprotocol.org/sites/default/files/standards/ghg-protocol-revised.pdf
Note3: https://sciencebasedtargets.org/companies-taking-action#table
SOURCE Bruynzeel | https://www.prnewswire.com/news-releases/bruynzeel-90-co2-savings-possible-on-buildings-301681256.html | 2022-11-17T11:36:26 | en | 0.936172 |
CAMTEK ANNOUNCES RECORD REVENUE FOR THE THIRD QUARTER OF 2022
Revenue of $82.0 million; Expects Record Annual Revenue of around $320m for 2022
MIGDAL HAEMEK, Israel, Nov. 17, 2022 /PRNewswire/ -- Camtek Ltd. (NASDAQ: CAMT) (TASE: CAMT), today announced its financial results for the third quarter ended September 30, 2022.
Highlights of the Third Quarter of 2022
- Record quarterly revenue of $82.0 million; a 16% increase year-over-year;
- GAAP operating income of $20.6 million; non-GAAP operating income of $23.2 million, representing an operating margin of 25.2% and 28.3% respectively;
- GAAP net income of $20.7 million and non-GAAP net income of $23.3 million; and
- Strong operating cash flow of $25.3 million.
Forward-Looking Expectations
Management expects fourth quarter revenue to be similar to those of the third quarter, translating into record annual revenue of around $320 million for 2022.
Management Comment
Rafi Amit, Camtek's CEO commented, "We had another record quarter and are providing positive guidance for the fourth quarter. In an increasingly complex environment, we are positioned to achieve a record year in 2022, supported by the company's diversified customers, geographies, and various secular trends."
Third Quarter 2022 Financial Results
Revenue for the third quarter of 2022 was $82.0 million, an increase of 16% compared to the third quarter of 2021.
Gross profit on a GAAP basis in the quarter totaled $39.9 million (48.6% of revenue), compared to a gross profit of $35.8 million (50.6% of revenue) in the third quarter of 2021. Gross profit on a non-GAAP basis in the quarter totaled $40.2 million (49.0% of revenue), compared to $36.0 million (50.9% of revenue) in the third quarter of 2021.
Operating profit on a GAAP basis in the quarter totaled $20.6 million (25.2% of revenue), compared to an operating profit of $20.1 million (28.5% of revenue) in the third quarter of 2021. Operating profit on a non-GAAP basis in the quarter totaled $23.2 million (28.3% of revenue), compared to $21.7 million (30.6% of revenue) in the third quarter of 2021.
Net income on a GAAP basis in the quarter totaled $20.7 million, or $0.43 per diluted share, compared to net income of $18.5 million, or $0.41 per diluted share, in the third quarter of 2021. Net income on a non-GAAP basis in the quarter totaled $23.3 million, or $0.48 per diluted share, compared to non-GAAP net income of $20.0 million, or $0.45 per diluted share, in the third quarter of 2021.
Cash and cash equivalents and short-term deposits, as of September 30, 2022 were $392.3 million compared to $391 million as of June 30, 2022. In addition, there were $68.0 million in long-term deposits compared to $47.0 million as of June 30, 2022. During the quarter, Camtek generated $25.3 million in operating cash flow.
Conference Call
The Company will hold a conference call today starting at 9:00 am ET. Rafi Amit, CEO, Moshe Eisenberg, CFO and Ramy Langer, COO will host the call and will be available to answer questions after presenting the results.
To participate, please call one of the following telephone numbers a few minutes before the start of the call:
US: 1 866 229 7198 at 9:00 am Eastern Time
Israel: 03 918 0610 at 4:00 pm Israel Time
International: +972 3 918 0610
Alternatively, the call will be webcast from a link on Camtek's investor relations website, at https://www.camtek.com/investors/
For those unable to participate, the call will be available for replay on Camtek's website beginning 24 hours after the call.
A summary presentation of the quarterly results will also be available on Camtek's website.
ABOUT CAMTEK LTD.
Camtek is a leading manufacturer of metrology and inspection equipment and a provider of software solutions serving the Advanced Packaging, Memory, CMOS Image Sensors, MEMS, RF and other segments in the mid end of the semiconductor industry.
Camtek provides dedicated solutions and crucial yield-enhancement data, enabling manufacturers to improve yield and drive down their production costs.
With eight offices around the world, Camtek has best-in-class sales and customer support organization, providing tailor-made solutions in line with customers' requirements.
This press release is available at http://www.camtek.com
This press release contains statements that may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act, and the safe-harbor provisions of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on the current beliefs, expectations and assumptions of Camtek Ltd. ("we," "us" and "our"). Forward-looking statements include our expected revenues for the fourth quarter and full year of 2022 and can be identified by the use of words including "believe," "anticipate," "should," "intend," "plan," "will," "may," "expect," "estimate," "project," "positioned," "strategy," and similar expressions that are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. These forward-looking statements involve known and unknown risks and uncertainties that may cause the actual results, performance or achievements of Camtek to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Our actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including as a result of formal or informal imposition by countries of new or revised export and/or import and doing-business regulations or sanctions, including but not limited to changes in U.S. trade policies, which can be made without prior notice, and our ability to effectively address such global trade issues and changes and the impact of any such sanction on the markets we serve; the risks relating to the concentration of a significant portion of our business in certain countries in the Asia Pacific Region, particularly China (which is our largest territory), Taiwan and Korea, some of which might be subject to the trade restrictions referred to above or involved in trade wars with countries which might impose such trade restrictions; the impact of war in Ukraine, rising inflation, rising interest rates, volatile exchange rates and commodities' prices, the risk of the continuation of disruptions to our and our customers', providers', business partners' and contractors' businesses as a result of the COVID-19 pandemic, such as for example the impact of China-imposed lockdowns; our dependency upon the semiconductor industry and the risk that unfavorable economic conditions or low capital expenditures may negatively impact our operating results; anticipated trends and impacts related to industry component and substrate shortages and other supply chain challenges; the future purchase, use, and availability of components supplied by third parties; impurities and other disruptions to our customers' operations, which could lower production yields or interrupt manufacturing, and could result in the cancellation or delay of purchase of our products; the highly competitive nature of the markets we serve, some of which have dominant market participants with greater resources than us; the rapid evolvement of technology in the markets in which we operate, and our ability to adequately predict these changes or keep pace with emerging industry standards; changing industry and market trends; reduced demand for our products; the timely development of our new products and their adoption by the market; price reductions; and those other factors discussed in our Annual Report on Form 20-F and other documents filed by the Company with the SEC as well as other documents that may be subsequently filed by Camtek from time to time with the SEC.
While we believe that we have a reasonable basis for each forward-looking statement contained in this press release, we caution you that these statements are based on a combination of facts and factors currently known by us and our projections of the future, about which we cannot be certain. In addition, any forward-looking statements represent Camtek's views only as of the date of this press release and should not be relied upon as representing its views as of any subsequent date. Camtek does not assume any obligation to update any forward-looking statements unless required by law.
This press release provides financial measures that exclude: (i) share based compensation expenses; and (ii) tax settlement expenses, and are therefore not calculated in accordance with generally accepted accounting principles (GAAP). Management believes that these non-GAAP financial measures provide meaningful supplemental information regarding our performance. The presentation of this non-GAAP financial information is not intended to be considered in isolation or as a substitute for the financial information prepared and presented in accordance with GAAP. Management uses both GAAP and non-GAAP measures when evaluating the business internally and therefore felt it is important to make these non-GAAP adjustments available to investors. A reconciliation between the GAAP and non-GAAP results appears in the tables at the end of this press release.
SOURCE Camtek Ltd. | https://www.prnewswire.com/news-releases/camtek-announces-record-revenue-for-the-third-quarter-of-2022-301681359.html | 2022-11-17T11:36:32 | en | 0.94467 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- The carbon fiber bike market size is expected to grow by 2,754.14 thousand units from 2021 to 2026. In addition, the growth momentum of the market will accelerate at a CAGR of 7.4% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. Request Latest Free Sample Report
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- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist carbon fiber bike market growth during the next five years
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Table of Contents
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 (thousand units)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 (thousand units)
- Exhibit 15: Chart on Global Market- Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market- Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Manual bicycles - Market size and forecast 2021-2026
- Exhibit 28: Chart on Manual bicycles - Market size and forecast 2021-2026 (thousand units)
- Exhibit 29: Data Table on Manual bicycles - Market size and forecast 2021-2026 (thousand units)
- Exhibit 30: Chart on Manual bicycles - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Manual bicycles - Year-over-year growth 2021-2026 (%)
- 5.4 E-bikes - Market size and forecast 2021-2026
- Exhibit 32: Chart on E-bikes - Market size and forecast 2021-2026 (thousand units)
- Exhibit 33: Data Table on E-bikes - Market size and forecast 2021-2026 (thousand units)
- Exhibit 34: Chart on E-bikes - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on E-bikes - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Application
- Exhibit 36: Market opportunity by Application (thousand units)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 42: Chart on APAC - Market size and forecast 2021-2026 (thousand units)
- Exhibit 43: Data Table on APAC - Market size and forecast 2021-2026 (thousand units)
- Exhibit 44: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 46: Chart on Europe - Market size and forecast 2021-2026 (thousand units)
- Exhibit 47: Data Table on Europe - Market size and forecast 2021-2026 (thousand units)
- Exhibit 48: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 50: Chart on North America - Market size and forecast 2021-2026 (thousand units)
- Exhibit 51: Data Table on North America - Market size and forecast 2021-2026 (thousand units)
- Exhibit 52: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 (thousand units)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 (thousand units)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 (thousand units)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 62: Chart on China - Market size and forecast 2021-2026 (thousand units)
- Exhibit 63: Data Table on China - Market size and forecast 2021-2026 (thousand units)
- Exhibit 64: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 Germany - Market size and forecast 2021-2026
- Exhibit 66: Chart on Germany - Market size and forecast 2021-2026 (thousand units)
- Exhibit 67: Data Table on Germany - Market size and forecast 2021-2026 (thousand units)
- Exhibit 68: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.10 US - Market size and forecast 2021-2026
- Exhibit 70: Chart on US - Market size and forecast 2021-2026 (thousand units)
- Exhibit 71: Data Table on US - Market size and forecast 2021-2026 (thousand units)
- Exhibit 72: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.11 Japan - Market size and forecast 2021-2026
- Exhibit 74: Chart on Japan - Market size and forecast 2021-2026 (thousand units)
- Exhibit 75: Data Table on Japan - Market size and forecast 2021-2026 (thousand units)
- Exhibit 76: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.12 India - Market size and forecast 2021-2026
- Exhibit 78: Chart on India - Market size and forecast 2021-2026 (thousand units)
- Exhibit 79: Data Table on India - Market size and forecast 2021-2026 (thousand units)
- Exhibit 80: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.13 France - Market size and forecast 2021-2026
- Exhibit 82: Chart on France - Market size and forecast 2021-2026 (thousand units)
- Exhibit 83: Data Table on France - Market size and forecast 2021-2026 (thousand units)
- Exhibit 84: Chart on France - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on France - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 86: Market opportunity by geography (thousand units)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 87: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 88: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 89: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 90: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 91: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 92: Matrix on vendor position and classification
- 10.3 Alchemy Bikes
- Exhibit 93: Alchemy Bikes - Overview
- Exhibit 94: Alchemy Bikes - Product / Service
- Exhibit 95: Alchemy Bikes - Key offerings
- 10.4 Colnago Ernesto and C. S.r.l
- Exhibit 96: Colnago Ernesto and C. S.r.l - Overview
- Exhibit 97: Colnago Ernesto and C. S.r.l - Product / Service
- Exhibit 98: Colnago Ernesto and C. S.r.l - Key offerings
- 10.5 DAHON North America Inc.
- Exhibit 99: DAHON North America Inc. - Overview
- Exhibit 100: DAHON North America Inc. - Product / Service
- Exhibit 101: DAHON North America Inc. - Key offerings
- 10.6 De Rosa Ugo and Figli Srl
- Exhibit 102: De Rosa Ugo and Figli Srl - Overview
- Exhibit 103: De Rosa Ugo and Figli Srl - Product / Service
- Exhibit 104: De Rosa Ugo and Figli Srl - Key offerings
- 10.7 Ellsworth Bikes
- Exhibit 105: Ellsworth Bikes - Overview
- Exhibit 106: Ellsworth Bikes - Product / Service
- Exhibit 107: Ellsworth Bikes - Key offerings
- 10.8 Felt Bicycles
- Exhibit 108: Felt Bicycles - Overview
- Exhibit 109: Felt Bicycles - Product / Service
- Exhibit 110: Felt Bicycles - Key offerings
- 10.9 Giant Manufacturing Co. Ltd.
- Exhibit 111: Giant Manufacturing Co. Ltd. - Overview
- Exhibit 112: Giant Manufacturing Co. Ltd. - Product / Service
- Exhibit 113: Giant Manufacturing Co. Ltd. - Key offerings
- 10.10 Kestrel Bicycles
- Exhibit 114: Kestrel Bicycles - Overview
- Exhibit 115: Kestrel Bicycles - Product / Service
- Exhibit 116: Kestrel Bicycles - Key offerings
- 10.11 LOOK Cycle International
- Exhibit 117: LOOK Cycle International - Overview
- Exhibit 118: LOOK Cycle International - Product / Service
- Exhibit 119: LOOK Cycle International - Key offerings
- 10.12 Pending System GmbH and Co. KG
- Exhibit 120: Pending System GmbH and Co. KG - Overview
- Exhibit 121: Pending System GmbH and Co. KG - Product / Service
- Exhibit 122: Pending System GmbH and Co. KG - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 123: Inclusions checklist
- Exhibit 124: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 125: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 126: Research methodology
- Exhibit 127: Validation techniques employed for market sizing
- Exhibit 128: Information sources
- 11.5 List of abbreviations
- Exhibit 129: List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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SOURCE Technavio | https://www.prnewswire.com/news-releases/carbon-fiber-bike-market-size-to-grow-by-2-754-14-thousand-units-global-automotive-market-considered-as-parent-market---technavio-301679706.html | 2022-11-17T11:36:39 | en | 0.831587 |
DUBLIN, Nov. 17, 2022 /PRNewswire/ -- The "Cheese Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global cheese market as it emerges from the COVID-19 shut down.
The global cheese market is expected to grow from $192.81 billion in 2021 to $211.02 billion in 2022 at a compound annual growth rate (CAGR) of 9.4%. The market is expected to grow to $289.57 billion in 2026 at a compound annual growth rate (CAGR) of 8.2%.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis
Major companies in the cheese market include Groupe Lactalis S.A., Saputo Inc, The Kraft Heinz Company, Fonterra Group Cooperative Limited, Arla Foods amba, Savencia Fromage & Dairy, Frieslandcampina, Alfa SA.B. de C.V., Agropur cooperative, and Land O'Lakes Inc.
The cheese market consists of sales of cheese by entities (organizations, sole traders, and partnerships) that produce cheese products (except cottage cheese) from raw milk and/or processed milk products, and cheese substitutes from soybean and other non-dairy substances. The companies in the industry package and distribute their products through various distribution channels to both individual customers and commercial establishments.
The main types of cheese are natural cheese and processed cheese. Natural cheese is a word that refers to cheese created from milk that has had salt, enzymes, and flavorings added to it. The different types of products include mozzarella, cheddar, feta, parmesan, Roquefort, others and involve various sources such as cow milk, sheep milk, goat milk, buffalo milk. it is distributed through various channels including supermarkets/hypermarkets, convenience stores, e-commerce, others.
Asia Pacific was the largest region in the cheese market in 2021. North America was the second-largest region in the cheese market. The regions covered in this report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The increasing demand for local, sustainable and organic food production is expected to positively impact the cheese manufacturing market during the forecast period. Organic food production including organic dairy products places a strong emphasis on consumer health, environmental protection, and animal welfare. Consumers now are becoming more concerned with how food is raised and prepared and are willing to pay a little more for something they recognize as healthy. Across Europe, there is a very high import rate (especially for fruits and vegetables) as the rate of production is far lower than the consumer demands for organic produce.
For instance, according to the Soil Association, sales of organic products in the UK increased by 4.5% in 2019 to reach £2.45 billion. Similarly, sales of organic food in the US increased by 5.9% to reach $47.9 billion, according to the 2019 Organic Industry Survey. This growing demand for organic products such as cheese offers considerable opportunities for dairy products producers in both developed and developing countries, thus likely to drive the cheese manufacturing industry market during the forecast period.
The outbreak of Coronavirus disease (COVID-19) has acted as a massive restraint on the cheese manufacturing market in 2020 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People's Republic of China, and spread globally including Western Europe, North America, and Asia.
Food and beverage manufacturers depend on the supply of raw materials from domestic and international suppliers. As many governments restricted the movement of goods across countries and locally, manufacturers had to halt production due to a lack of raw materials.
Also, restrictions on the trade of non-essential goods and fear of contamination through manufacturing facilities contributed to the decline. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, it is expected that the cheese manufacturing market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy.
The internet of things (IoT) technology is increasingly being used to track dairy products and ensure safe product handling. IoT technology consists of a network of devices, vehicles, or other items that continuously exchange data and provide insights into a process or system. This technology is being used to track ingredients being used in products.
Equipment connected to the internet in trucks and storage coolers can be used to monitor dairy products and tag them with environmental conditions like temperature or location that provide information about safe product handling during transportation. For instance, the Chinese government implemented the National Food Quality Safety Traceability Platform, using IoT technology to improve the quality and safety of food production supply chains.
The countries covered in the cheese market are Argentina; Australia; Austria; Belgium; Brazil; Canada; Chile; China; Colombia; Czech Republic; Denmark; Egypt; Finland; France; Germany; Hong Kong; India; Indonesia; Ireland; Israel; Italy; Japan; Malaysia; Mexico; Netherlands; New Zealand; Nigeria; Norway; Peru; Philippines; Poland; Portugal; Romania; Russia; Saudi Arabia; Singapore; South Africa; South Korea; Spain; Sweden; Switzerland; Thailand; Turkey; UAE; UK; USA; Venezuela; Vietnam.
Key Topics Covered:
1. Executive Summary
2. Report Structure
3. Cheese Market Characteristics
3.1. Market Definition
3.2. Key Segmentations
4. Cheese Market Product Analysis
4.1. Leading Products/ Services
4.2. Key Features and Differentiators
4.3. Development Products
5. Cheese Market Supply Chain
5.1. Supply Chain
5.2. Distribution
5.3. End Customers
6. Cheese Market Customer Information
6.1. Customer Preferences
6.2. End Use Market Size and Growth
7. Cheese Market Trends And Strategies
8. Impact Of COVID-19 On Cheese
9. Cheese Market Size And Growth
9.1. Market Size
9.2. Historic Market Growth, Value ($ Billion)
9.2.1. Drivers Of The Market
9.2.2. Restraints On The Market
9.3. Forecast Market Growth, Value ($ Billion)
9.3.1. Drivers Of The Market
9.3.2. Restraints On The Market
10. Cheese Market Regional Analysis
10.1. Global Cheese Market, 2021, By Region, Value ($ Billion)
10.2. Global Cheese Market, 2016-2021, 2021-2026F, 2031F, Historic And Forecast, By Region
10.3. Global Cheese Market, Growth And Market Share Comparison, By Region
11. Cheese Market Segmentation
11.1. Global Cheese Market, Segmentation By Type, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Natural Cheese
- Processed Cheese
11.2. Global Cheese Market, Segmentation By Distribution Channel, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Supermarkets/Hypermarkets
- Convenience Stores
- E-Commerce
- Other Distribution Channels
11.3. Global Cheese Market, Segmentation By Source, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Cow Milk
- Sheep Milk
- Goat Milk
- Buffalo Milk
11.4. Global Cheese Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
- Mozzarella
- Cheddar
- Feta
- Parmesan
- Roquefort
- Other Products
12. Cheese Market Metrics
12.1. Cheese Market Size, Percentage Of GDP, 2016-2026, Global
12.2. Per Capita Average Cheese Market Expenditure, 2016-2026, Global
For more information about this report visit https://www.researchandmarkets.com/r/8dgzkc
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SOURCE Research and Markets | https://www.prnewswire.com/news-releases/cheese-global-market-report-2022-by-type-distribution-channel-source-product-and-region-301681289.html | 2022-11-17T11:36:45 | en | 0.909227 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- The "Cloud Gaming Market by Platform, Type, and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market size to grow by USD 5.73 billion between 2021 and 2026. However, the growth momentum will decelerate at a CAGR of 31.13% during the forecast period. The report provides a comprehensive analysis of the current market scenario, regional growth opportunities, major revenue-generating segments, recent product launches, vendor landscape, and much more. Understand the scope of this report. Download a Free PDF Report Sample
The market is driven by cost savings and quick onboarding. Cloud gaming does not require physical copies of games, which is a major factor that drives the growth of the cloud gaming market. The cloud constantly updates and provides a backup of the games that are stored on the cloud platform. This decreases the overall cost of gaming substantially. Cloud gaming also eliminates the need for regular hardware updates to play the latest games. It also allows users to play the same games on different platforms, including PCs, laptops, tablets, and smartphones. Hence, the adoption of cloud gaming reduces the cost of gaming. Cloud gaming services have a lesser waiting time during loading or updating than traditional gaming. Hence, onboarding is quick. As the computing power resides on the cloud servers, even high-end games can be played on low-powered devices with limited RAM, graphics processing power, and hard drive space. All these factors will drive the growth of the global cloud gaming market during the forecast period. Understand how the purchase of the report can have a direct impact on your revenue. Download a Free Sample Report
By platform, the market is analyzed across segments such as gaming consoles, computing devices, smart TVs, and mobile devices. The growing number of games with gesture control features and 3D integrated cameras with gesture recognition technology is expected to support the growth of the gaming console segment. Sony and Nintendo are likely to dominate the gaming console segment during the forecast period. Most of the latest gaming consoles are equipped with 3D cameras for gesture recognition. Therefore, the expected growth of new-generation gaming consoles that integrate gesture recognition technology and AR/VR support will drive the growth of the segment during the forecast period.
By type, the market is segmented as video streaming and file streaming. The video streaming segment will have the largest share of the market. In the video streaming process, the actual game is stored, executed, and rendered on the server of the remote operator or game company, and the video results are streamed directly to the consumer's computer via the Internet. This allows access to games without the need for a console. The data required to operate the game are transmitted over the Internet, which prompts the need for high bandwidth. However, the impending advent of 5G globally is expected to drive the growth of the segment during the forecast period. Identify potential segments in the market. Buy Now!
Technavio's library includes over 17,000+ reports covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at just USD 5,000 and get lifetime access to our Technavio Insights
- Alphabet Inc.
- Apple Inc.
- Blade SAS
- International Business Machines Corp.
- LiquidSky Software Inc.
- Microsoft Corp.
- NVIDIA Corp.
- Samsung Electronics Co. Ltd.
- Sony Corp.
- Ubitus KK
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2021, 2022, until 2026
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
- The gaming headset market share is expected to increase to USD 1.28 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 7.52%. The growth in global e-sports market is notably driving the gaming headset market growth, although factors such as the easy availability of counterfeit products may impede the market growth.
- The game streaming market's growth momentum will accelerate at a CAGR of 9.15% and the market share will increase to USD 1.14 billion from 2021 to 2026. The increasing popularity of esports tournaments is notably driving the game streaming market growth, although factors such as the effects of gaming on health may impede the market growth.
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value chain analysis – Interactive home entertainement
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.3 Market size 2020
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five Force Summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 15: Type - Market share 2020-2025 (%)
- 5.2 Comparison by Type
- Exhibit 16: Comparison by Type
- 5.3 Video streaming - Market size and forecast 2020-2025
- Exhibit 17: Video streaming - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Video streaming - Year-over-year growth 2020-2025 (%)
- 5.4 File streaming - Market size and forecast 2020-2025
- Exhibit 19: File streaming - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: File streaming - Year-over-year growth 2020-2025 (%)
- 5.5 Market opportunity by Type
- Exhibit 21: Market opportunity by Type
6 Market Segmentation by Platform
- 6.1 Market segments
- Exhibit 22: Platform - Market share 2020-2025 (%)
- 6.2 Comparison by Platform
- Exhibit 23: Comparison by Platform
- 6.3 Gaming consoles - Market size and forecast 2020-2025
- Exhibit 24: Gaming consoles - Market size and forecast 2020-2025 ($ million)
- Exhibit 25: Gaming consoles - Year-over-year growth 2020-2025 (%)
- 6.4 Computing devices - Market size and forecast 2020-2025
- Exhibit 26: Computing devices - Market size and forecast 2020-2025 ($ million)
- Exhibit 27: Computing devices - Year-over-year growth 2020-2025 (%)
- 6.5 Smart TVs - Market size and forecast 2020-2025
- Exhibit 28: Smart TVs - Market size and forecast 2020-2025 ($ million)
- Exhibit 29: Smart TVs - Year-over-year growth 2020-2025 (%)
- 6.6 Mobile devices - Market size and forecast 2020-2025
- Exhibit 30: Mobile devices - Market size and forecast 2020-2025 ($ million)
- Exhibit 31: Mobile devices - Year-over-year growth 2020-2025 (%)
- 6.7 Market opportunity by Platform
- Exhibit 32: Market opportunity by Platform
7 Customer landscape
8 Geographic Landscape
- 8.1 Geographic segmentation
- Exhibit 34: Market share by geography 2020-2025 (%)
- 8.2 Geographic comparison
- Exhibit 35: Geographic comparison
- 8.3 North America - Market size and forecast 2020-2025
- Exhibit 36: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 37: North America - Year-over-year growth 2020-2025 (%)
- 8.4 APAC - Market size and forecast 2020-2025
- Exhibit 38: APAC - Market size and forecast 2020-2025 ($ million)
- Exhibit 39: APAC - Year-over-year growth 2020-2025 (%)
- 8.5 Europe - Market size and forecast 2020-2025
- Exhibit 40: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 41: Europe - Year-over-year growth 2020-2025 (%)
- 8.6 South America - Market size and forecast 2020-2025
- Exhibit 42: South America - Market size and forecast 2020-2025 ($ million)
- Exhibit 43: South America - Year-over-year growth 2020-2025 (%)
- 8.7 MEA - Market size and forecast 2020-2025
- Exhibit 44: MEA - Market size and forecast 2020-2025 ($ million)
- Exhibit 45: MEA - Year-over-year growth 2020-2025 (%)
- 8.8 Key leading countries
- Exhibit 46: Key leading countries
- 8.9 Market opportunity by geography
- Exhibit 47: Market opportunity by geography ($ million)
9 Drivers, Challenges, and Trends
- 9.1 Volume drivers-demand-led-growth
- 9.2 Market challenges
- 9.3 Market trends
10 Vendor Landscape
- 10.1 Vendor Landscape
- Exhibit 49: Vendor landscape
- 10.2 Landscape disruption
- Exhibit 50: Landscape disruption
- Exhibit 51: Industry risks
11 Vendor Analysis
- 11.1 Vendors covered
- Exhibit 52: Vendors covered
- 11.2 Market positioning of vendors
- Exhibit 53: Market positioning of vendors
- 11.3 Alphabet Inc.
- Exhibit 54: Alphabet Inc. - Overview
- Exhibit 55: Alphabet Inc. - Business segments
- Exhibit 56: Alphabet Inc. - Key news
- Exhibit 57: Alphabet Inc. - Key offerings
- Exhibit 58: Alphabet Inc. - Segment focus
- 11.4 Apple Inc.
- Exhibit 59: Apple Inc. - Overview
- Exhibit 60: Apple Inc. - Business segments
- Exhibit 61: Apple Inc. - Key news
- Exhibit 62: Apple Inc. - Key offerings
- Exhibit 63: Apple Inc. - Segment focus
- 11.5 Blade SAS
- Exhibit 64: Blade SAS - Overview
- Exhibit 65: Blade SAS - Product and service
- Exhibit 66: Blade SAS - Key offerings
- 11.6 International Business Machines Corp.
- Exhibit 67: International Business Machines Corp. - Overview
- Exhibit 68: International Business Machines Corp. - Business segments
- Exhibit 69: International Business Machines Corp. - Key news
- Exhibit 70: International Business Machines Corp. - Key offerings
- Exhibit 71: International Business Machines Corp. - Segment focus
- 11.7 LiquidSky Software Inc.
- Exhibit 72: LiquidSky Software Inc. - Overview
- Exhibit 73: LiquidSky Software Inc. - Product and service
- Exhibit 74: LiquidSky Software Inc. - Key offerings
- 11.8 Microsoft Corp.
- Exhibit 75: Microsoft Corp. - Overview
- Exhibit 76: Microsoft Corp. - Business segments
- Exhibit 77: Microsoft Corp. - Key news
- Exhibit 78: Microsoft Corp. - Key offerings
- Exhibit 79: Microsoft Corp. - Segment focus
- 11.9 NVIDIA Corp.
- Exhibit 80: NVIDIA Corp. - Overview
- Exhibit 81: NVIDIA Corp. - Business segments
- Exhibit 82: NVIDIA Corp. - Key news
- Exhibit 83: NVIDIA Corp. - Key offerings
- Exhibit 84: NVIDIA Corp. - Segment focus
- 11.10 Samsung Electronics Co. Ltd.
- Exhibit 85: Samsung Electronics Co. Ltd. - Overview
- Exhibit 86: Samsung Electronics Co. Ltd. - Business segments
- Exhibit 87: Samsung Electronic Co. Ltd. - Key news
- Exhibit 88: Samsung Electronics Co. Ltd. - Key offerings
- Exhibit 89: Samsung Electronics Co. Ltd. - Segment focus
- 11.11 Sony Corp.
- Exhibit 90: Sony Corp. - Overview
- Exhibit 91: Sony Corp. - Business segments
- Exhibit 92: Sony Corp. - Key news
- Exhibit 93: Sony Corp. - Key offerings
- Exhibit 94: Sony Corp. - Segment focus
- 11.12 Ubitus KK
- Exhibit 95: Ubitus KK - Overview
- Exhibit 96: Ubitus KK - Product and service
- Exhibit 97: Ubitus KK - Key offerings
12 Appendix
- 12.1 Scope of the report
- 12.2 Currency conversion rates for US$
- Exhibit 98: Currency conversion rates for US$
- 12.3 Research methodology
- Exhibit 99: Research Methodology
- Exhibit 100: Validation techniques employed for market sizing
- Exhibit 101: Information sources
- 12.4 List of abbreviations
- Exhibit 102: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio | https://www.prnewswire.com/news-releases/cloud-gaming-market-to-grow-by-usd-5-73-bn-driven-by--cost-savings-and-quick-onboarding---technavio-301680164.html | 2022-11-17T11:36:51 | en | 0.841918 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Compass Minerals International, Inc. ("Compass Minerals" or the "Company") (NYSE: CMP) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Compass Minerals investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all purchasers of Compass Minerals common stock between October 31, 2017 and November 18, 2018, inclusive. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/compass-minerals-loss-submission-form?prid=33775&wire=4
CMP investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: 1) costs at the Company's salt mine in Goderich, Ontario were increasing rather than decreasing; 2) defendants had misrepresented the amount of salt the Company was able to produce at Goderich using the new continuous mining and continuous haulage equipment; and 3) the known and ongoing production shortfalls the Company was experiencing were reasonably expected to reduce its future operating income.
WHAT'S NEXT? If you suffered a loss in Compass Minerals during the relevant time frame, you have until December 20, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/cmp-lawsuit-alert-levi--korsinsky-notifies-compass-minerals-international-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680938.html | 2022-11-17T11:36:57 | en | 0.940179 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Centessa Pharmaceuticals plc ("Centessa" or the "Company") (NASDAQ: CNTA) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Centessa investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of a class consisting of persons and entities that purchased or otherwise acquired: (a) Centessa American Depositary Shares pursuant and/or traceable to documents issued in connection with the Company's initial public offering conducted on or about May 28, 2021; and/or (b) Centessa securities between May 28, 2021 and June 1, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/centessa-pharmaceuticals-loss-submission-form?prid=33768&wire=4
CNTA investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) the Company's product, lixivaptan, was less safe than defendants had represented; (ii) defendants overstated lixivaptan's clinical and commercial prospects; (iii) another Centessa product, ZF874, was less safe than defendants had represented; (iv) defendants overstated ZF874's clinical and commercial prospects while downplaying the drug's safety issues; and (v) as a result, documents issued in connection with Centessa's initial public offering and the Company's public statements throughout the class period were materially false and/or misleading and failed to state information required to be stated therein.
WHAT'S NEXT? If you suffered a loss in Centessa during the relevant time frame, you have until November 28, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/cnta-lawsuit-alert-levi--korsinsky-notifies-centessa-pharmaceuticals-plc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680922.html | 2022-11-17T11:37:03 | en | 0.93654 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- The "Data Center Colocation Market by Type and Geography - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. The report expects the market to grow by USD 46.76 billion, accelerating at a CAGR of 13.96% during the forecast period. The global data center colocation market is competitive and fragmented, with the presence of several regional and global players. Global vendors have already established a strong foothold in the market due to the extensive range of their flagship products. To remain competitive in the market in terms of brand, quality, and reliability, global vendors are focusing more on innovation and technological advancements. Global vendors are strengthening their customer base by enhancing their product offerings and expanding their geographic reach through acquisitions. Get more insights into the vendor landscape. Download a Free PDF Report Sample
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The data center colocation market report covers the following areas:
- Data Center Colocation Market Size
- Data Center Colocation Market Trends
- Data Center Colocation Market Industry Analysis
The global data center colocation market is segmented as below:
- Type
- Retail Colocation
- Wholesale Colocation
The market growth in the retail colocation segment will be significant during the forecast period. Retail colocation includes the process of renting racks, rack cages, and private suites in a large data center. Retail colocation facilities are rented by vendors for one to three years of the contract. The market for retail colocation data centers is growing due to the increasing adoption of the data centers by SMEs, which usually opt for colocation to save on both CAPEX and operating expenditure (OPEX).
- Geography
- North America
- APAC
- Europe
- Middle East and Africa
- South America
35% of the market growth will come from North America during the forecast period. The exponential growth of data traffic from enterprises and individual consumers is expected to propel the growth of the market in the region during the forecast period. The regional market will also be driven by rising investments by hyperscale cloud providers, colocation service providers, and enterprises, which are upgrading their IT infrastructure to support edge computing, 5G, multi-cloud services, big data analytics, and IoT. Identify potential segments and regions in the market. Buy Now!
Competitors have to focus on differentiating their product offerings with unique value propositions to strengthen their foothold in the market. Market vendors also have to leverage the existing growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Ascenty, AT and T Inc., BT Group Plc, China Telecom Global Ltd., Cloudscene Pty Ltd., CoreSite Realty Corp., CyrusOne Inc., Cyxtera Technologies Inc., Digital Realty Trust Inc., Equinix Inc., Flexential Corp., Fujitsu Ltd., Internap Corp., Lumen Technologies Inc., Nippon Telegraph and Telephone Corp., Stream Realty Partners LP, Switch Inc., Telstra Corp. Ltd., Temasek Holdings Pvt Ltd., and TierPoint LLC are among some of the major market participants. Download a Free Sample Report
Technavio's library includes over 17,000+ reports covering more than 2,000 emerging technologies. Subscribe to our "Basic Plan" at just USD 5,000 and get lifetime access to our Technavio Insights
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will assist data center colocation market growth during the next five years
- Estimation of the data center colocation market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the data center colocation market
- Analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of data center colocation market vendors
- The data center UPS market share is expected to increase by USD 3.2 billion from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 8.66%. The increase in the adoption of modular UPS systems is one of the key factors driving the global data center UPS market growth.
- The data center colocation and managed hosting services market share is expected to rise to USD 138.61 billion by 2026, and the market's growth momentum will accelerate at a CAGR of 13.35%. One of the key factors driving the global data center colocation and managed hosting services industry growth is the rising demand for data center colocation facilities.
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Type
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ billion)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Type
- 5.1 Market segments
- Exhibit 24: Chart on Type - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Type - Market share 2021-2026 (%)
- 5.2 Comparison by Type
- Exhibit 26: Chart on Comparison by Type
- Exhibit 27: Data Table on Comparison by Type
- 5.3 Retail colocation - Market size and forecast 2021-2026
- Exhibit 28: Chart on Retail colocation - Market size and forecast 2021-2026 ($ billion)
- Exhibit 29: Data Table on Retail colocation - Market size and forecast 2021-2026 ($ billion)
- Exhibit 30: Chart on Retail colocation - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Retail colocation - Year-over-year growth 2021-2026 (%)
- 5.4 Wholesale colocation - Market size and forecast 2021-2026
- Exhibit 32: Chart on Wholesale colocation - Market size and forecast 2021-2026 ($ billion)
- Exhibit 33: Data Table on Wholesale colocation - Market size and forecast 2021-2026 ($ billion)
- Exhibit 34: Chart on Wholesale colocation - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Wholesale colocation - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Type
- Exhibit 36: Market opportunity by Type ($ billion)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ billion)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ billion)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 54: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 55: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ billion)
- Exhibit 56: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 58: Chart on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 59: Data Table on South America - Market size and forecast 2021-2026 ($ billion)
- Exhibit 60: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ billion)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Canada - Market size and forecast 2021-2026
- Exhibit 66: Chart on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 67: Data Table on Canada - Market size and forecast 2021-2026 ($ billion)
- Exhibit 68: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.10 UK - Market size and forecast 2021-2026
- Exhibit 70: Chart on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 71: Data Table on UK - Market size and forecast 2021-2026 ($ billion)
- Exhibit 72: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.11 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ billion)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ billion)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ billion)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 AT and T Inc.
- Exhibit 89: AT and T Inc. - Overview
- Exhibit 90: AT and T Inc. - Business segments
- Exhibit 91: AT and T Inc. - Key offerings
- Exhibit 92: AT and T Inc. - Segment focus
- 10.4 BT Group Plc
- Exhibit 93: BT Group Plc - Overview
- Exhibit 94: BT Group Plc - Business segments
- Exhibit 95: BT Group Plc - Key offerings
- Exhibit 96: BT Group Plc - Segment focus
- 10.5 China Telecom Global Ltd.
- Exhibit 97: China Telecom Global Ltd. - Overview
- Exhibit 98: China Telecom Global Ltd. - Product / Service
- Exhibit 99: China Telecom Global Ltd. - Key offerings
- 10.6 Digital Realty Trust Inc.
- Exhibit 100: Digital Realty Trust Inc. - Overview
- Exhibit 101: Digital Realty Trust Inc. - Product / Service
- Exhibit 102: Digital Realty Trust Inc. - Key offerings
- 10.7 Equinix Inc.
- Exhibit 103: Equinix Inc. - Overview
- Exhibit 104: Equinix Inc. - Business segments
- Exhibit 105: Equinix Inc. - Key offerings
- Exhibit 106: Equinix Inc. - Segment focus
- 10.8 Fujitsu Ltd.
- Exhibit 107: Fujitsu Ltd. - Overview
- Exhibit 108: Fujitsu Ltd. - Business segments
- Exhibit 109: Fujitsu Ltd. - Key offerings
- Exhibit 110: Fujitsu Ltd. - Segment focus
- 10.9 Nippon Telegraph and Telephone Corp.
- Exhibit 111: Nippon Telegraph and Telephone Corp. - Overview
- Exhibit 112: Nippon Telegraph and Telephone Corp. - Business segments
- Exhibit 113: Nippon Telegraph and Telephone Corp. - Key offerings
- Exhibit 114: Nippon Telegraph and Telephone Corp. - Segment focus
- 10.10 Switch Inc.
- Exhibit 115: Switch Inc. - Overview
- Exhibit 116: Switch Inc. - Business segments
- Exhibit 117: Switch Inc. - Key offerings
- Exhibit 118: Switch Inc. - Segment focus
- 10.11 Telstra Corp. Ltd.
- Exhibit 119: Telstra Corp. Ltd. - Overview
- Exhibit 120: Telstra Corp. Ltd. - Business segments
- Exhibit 121: Telstra Corp. Ltd. - Key offerings
- Exhibit 122: Telstra Corp. Ltd. - Segment focus
- 10.12 Temasek Holdings Pvt Ltd.
- Exhibit 123: Temasek Holdings Pvt Ltd. - Overview
- Exhibit 124: Temasek Holdings Pvt Ltd. - Product / Service
- Exhibit 125: Temasek Holdings Pvt Ltd. - Key news
- Exhibit 126: Temasek Holdings Pvt Ltd. - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 127: Inclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 128: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 129: Research methodology
- Exhibit 130: Validation techniques employed for market sizing
- Exhibit 131: Information sources
- 11.5 List of abbreviations
- Exhibit 132: List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio | https://www.prnewswire.com/news-releases/data-center-colocation-market-to-grow-by-usd-46-76-bn-key-vendors-include-ascenty-and-at-and-t-inc---technavio-301680189.html | 2022-11-17T11:37:09 | en | 0.842515 |
- A pay-TV industry first, DISH pledges bill stability and inflation relief with its 3-Year TV Price Guarantee
- DISH ranked #1 in customer satisfaction nationally for 5 consecutive years by J.D. Power
ENGLEWOOD, Colo., Nov. 17, 2022 /PRNewswire/ -- Ranked #1 by J.D. Power for five consecutive years, DISH unveiled today its 3-Year TV Price Guarantee. This industry-leading promotion provides new customers protected pricing for three years. A first-of-its-kind offer, the 3-Year TV Price Guarantee includes America's Top packages starting at $79.99 per month, delivering inflation-free entertainment with no annual TV price increases for the life of the guarantee.
As inflation continues its 40-year high,¹ Americans are keeping an eye on their finances. Groceries, utilities and housing costs are all rising.² To deliver stability, DISH is introducing its new 3-Year TV Price Guarantee to help alleviate the stress and pressure of inflation. By locking in a TV price, DISH's 3-Year TV Price Guarantee eliminates the financial guessing game currently offered by competitor pay-TV and content providers.
"Consumers today are facing real challenges when it comes to managing their finances," said Brian Neylon, group president, DISH TV. "We're proud to announce stability for DISH customers with a 3-Year TV Price Guarantee that enables households to easily budget their entertainment costs through 2025 and beyond."
The 3-Year TV Price Guarantee only requires a 2-year commitment and pairs seamlessly with the innovative Hopper Plus entertainment system.
Powered by Android TV™, Hopper Plus customers find everything they love—including their favorite streaming apps—all in one place. With the Hopper Plus, users have access to Google Play, including 10,000+ apps, spanning games, video streaming and music. The simple design and innovative functionality of the Hopper Plus makes accessing movies and shows faster than ever. Users can now watch all of their entertainment in one place without switching inputs or remotes.
"TV entertainment should be effortless. We're proud that time and time again we've had our customers' backs," said Neylon. "Alongside our 3-Year TV Price Guarantee, DISH customers deserve the best viewing experience in the industry and our next-generation Hopper Plus and award-winning Hopper whole-home DVR system, Chromecast built-in™, and DISH Voice Remote with Google Assistant make TV simpler."
Customers interested in learning more about the DISH 3-Year TV Price Guarantee can visit dish.com.
About DISH TV
Since 1980, DISH has served as the disruptive force in pay-TV, driving innovation and value on behalf of consumers. Known for its best-in-class stability, service and technology, DISH TV simplifies the TV entertainment experience. The 2022 launch of the bold, cutting-edge Hopper Plus™ and Joey 4 devices augment the award-winning Hopper whole-home DVR system family's industry-best experience, delivering up to 2,000 hours of DVR recordings, enhanced search capability, over 60,000 free On Demand titles, and AutoHop®, which allows customers to skip commercials on select recordings. Users can also watch all their live and recorded TV shows anywhere in the US with the DISH Anywhere app. DISH Network Corporation (NASDAQ: DISH) is a Fortune 200 company.
Google, Google Play, Android TV™ and Chromecast built-in™ are trademarks of Google LLC.
¹https://www.wsj.com/articles/us-inflation-september-2022-consumer-price-index-11665628037
²https://www.cbsnews.com/news/midterm-elections-economy-recession-inflation/
³3-Year Price Guarantee requires credit qualification and a 2-year commitment and covers core programming, local networks, and equipment. Does not include taxes & surcharges, add-on programming, DISH Protect, and transactional fees.
SOURCE DISH Network Corporation | https://www.prnewswire.com/news-releases/dish-fights-inflation-head-on-with-3-year-tv-price-guarantee-301681107.html | 2022-11-17T11:37:15 | en | 0.910309 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Eiger BioPharmaceuticals, Inc. ("Eiger" or the "Company") (NASDAQ: EIGR) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Eiger investors who were adversely affected by alleged securities fraud between March 10, 2021 and October 4, 2022. Follow the link below to get more information and be contacted by a member of our team:
EIGR investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) defendants overstated Eiger's clinical and regulatory drug development expertise; (ii) defendants failed to properly assess, and/or ignored issues with, the design of the TOGETHER study and its ability to support the Emergency Use Authorization ("EUA") for the Company's product candidate, peginterferon lambda ; (iii) there were issues with the conduct of the TOGETHER study and/or the TOGETHER study was not properly designed for the peginterferon lambda EUA in the current context of the pandemic; (iv) as a result, the U.S. Food and Drug Administration was unlikely to approve the submission of a peginterferon lambda EUA; (v) as a result of all the foregoing, peginterferon lambda's regulatory and commercial prospects for the treatment of COVID-19 were overstated; and (vi) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT'S NEXT? If you suffered a loss in Eiger during the relevant time frame, you have until January 9, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/eigr-lawsuit-alert-levi--korsinsky-notifies-eiger-biopharmaceuticals-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680960.html | 2022-11-17T11:37:21 | en | 0.937206 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Enviva Inc. ("Enviva" or the "Company") (NYSE: EVA) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Enviva investors who were adversely affected by alleged securities fraud between February 21, 2019 and October 11, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/enviva-class-action-submission-form?prid=33779&wire=4
EVA investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Enviva had misrepresented the environmental sustainability of its wood pellet production and procurement; (ii) Enviva had similarly overstated the true measure of cash flow generated by the Company's platform; (iii) accordingly, Enviva had misrepresented its business model and the Company's ability to achieve the level of growth that defendants had represented to investors; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT'S NEXT? If you suffered a loss in Enviva during the relevant time frame, you have until January 3, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/eva-lawsuit-alert-levi--korsinsky-notifies-enviva-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680968.html | 2022-11-17T11:37:33 | en | 0.940084 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in FIGS, Inc. ("FIGS" or the "Company") (NYSE: FIGS) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of FIGS investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of all persons or entities that purchased or otherwise acquired: (i) FIGS securities between May 27, 2021 and May 12, 2022, inclusive; and/or (ii) FIGS stock pursuant and/or traceable to documents issued in connection with FIGS' initial public offering. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/figs-inc-lawsuit-submission-form?prid=33777&wire=4
FIGS investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) defendants had inflated the Company's true ability to successfully secure repeat customers; (ii) defendants had failed to disclose the Company's increasing dependence on air freight; (iii) defendants had inflated the expected net revenues, gross margin, and adjusted EBITDA margin for 2022; and (iv) as a result of the foregoing, defendants' statements about the Company's business, operations, and prospects were materially misleading and/or lacked a reasonable basis.
WHAT'S NEXT? If you suffered a loss in FIGS during the relevant time frame, you have until January 3, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/figs-lawsuit-alert-levi--korsinsky-notifies-figs-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680943.html | 2022-11-17T11:37:39 | en | 0.932217 |
Editor’s Note: Charlie Dent is a former Republican congressman from Pennsylvania who was chair of the House Ethics Committee from 2015 until 2017 and chair of the House Appropriations Subcommittee on Military Construction, Veterans Affairs and Related Agencies from 2015 until 2018. He is a CNN political commentator. The views expressed in this commentary are his own. Read more opinion on CNN.
Republicans inched their way toward control of the House of Representatives while significantly underperforming expectations. Now that they’ve prevailed with what is likely to be slender majority, the hard task of governing begins.
Assuming Kevin McCarthy manages to win the vote for the speakership on the House floor in January, his governing challenge could prove much more frustrating and difficult than what John Boehner faced a decade ago.
Frankly, the challenge for McCarthy and GOP leaders will be even greater than anything former Speakers John Boehner of Ohio and Paul Ryan of Wisconsin ever experienced. Next year, Congress will become more polarized than it is now with MAGA Republicans and progressive Democrats ascendant in their respective caucuses.
History tells us midterm elections are almost never kind to the party of the president, especially when his party controls both chambers of Congress. This year was the exception, as Democrats outperformed expectations and significantly mitigated their losses.
In some ways, there were parallels going into the midterm elections of 2010 and 2022, with Democrats controlling the executive and legislative branches of government – although in 2010 Democrats had much larger governing majorities than their 2022 counterparts.
With a very slender GOP majority in the House, Republican leaders would be wise to reflect upon the challenges faced by Boehner and Majority Leader Eric Cantor of Virginia in the 112th and 113th Congresses.
The 2010 midterm delivered the GOP a 242-193 seat majority. Since 218 votes are required to pass legislation in the House, Republicans back then had a 24-vote cushion, which seemed to provide a reasonable margin of error for party leaders to advance a legislative agenda. Think again.
A rebellious group of House Republicans, who closely identified with the tea party movement, regularly obstructed Boehner by withholding their votes on partisan procedural matters in an attempt to force the House GOP to adopt more conservative legislation than anyone with an ounce of sense knew could ever be adopted by the US Senate, which requires a 60-vote threshold on most legislation. Even if such legislation could have passed the Senate, it would have been vetoed by former President Barack Obama.
Of course, such constraints never tempered the take-no-prisoners legislative tactics and ambitions of this rejectionist group of members, many of whom would later join the House Freedom Caucus, which delighted in tormenting first Boehner and later Ryan.
Indeed, there was no hill they weren’t prepared to die on. Creating crisis through legislative hostage taking was their modus operandi, and the 2013 government shutdown was their crowning misguided achievement.
Debt ceilings, government funding bills, spending agreements and other must-pass bills were seen as leverage to frustrate governance and bring Washington to its knees. This gang thrived on dysfunction, and they most assuredly took the fun out of dysfunction.
The far-right flank of the Republican Party, egged on by a conservative media echo chamber that thrives on polarization and disdains compromise, claimed their biggest prize in the 2014 Virginia primary by defeating Cantor, who was well respected and popular among his House GOP colleagues.
Cantor was unfairly targeted as an out-of-touch establishment figure who would surrender and capitulate to Democrats on immigration reform. Dave Brat, who defeated Cantor in that primary, was welcomed with open arms by the House Freedom Caucus – only to lose his seat four years later to moderate Democrat Abigail Spanberger.
So what does any of this have to do with the 2022 midterms and the upcoming 118th Congress? In a word, everything.
Barring an 11th-hour rebellion by the MAGA wing of the House GOP Conference or a Trump sabotage, which remains a possibility at this moment, McCarthy will likely become the next Speaker of the House. He fully understands the daunting governing challenge that will be thrust upon him in the new Congress, as does his first deputy Rep. Steve Scalise of Louisiana. They were both part of the GOP leadership team that attempted to manage these chaotic dynamics between 2011 and 2019, before House Democrats gained control of the chamber nearly four years ago.
The political center in Congress is shrinking and that will make consensus harder to find than it already is. There will be fewer GOP House members able to vote for necessary compromises. The pragmatic wing of the GOP conference, those most likely to cut deals, will be much smaller, and leave almost no margin of error for House Republican leaders.
An important function of leadership is telling members hard truths about the reality of divided government in Washington. Will the House GOP leadership push back when the most extreme elements of the conference make absurd demands and not so veiled threats?
This began playing out right after Tuesday’s election, with reports of Freedom Caucus members making demands of McCarthy as a condition of their votes for him to become Speaker. Expect a lot more of these political shakedowns. The bottom line is someone in leadership needs to be the adult in the room to explain hard truths and direct the herd – rather than follow it into easily foreseeable ditches.
The governing challenges for Republicans are real. House Republican votes will be needed to raise the debt ceiling, fund the government and enter into other agreements with the Senate and President Joe Biden. Tuesday’s election outcome has made McCarthy’s task not only more difficult but perilous. McCarthy has no breathing room, as extreme elements within the House GOP conference feel emboldened with their leverage.
Another complicating factor will be former President Donald Trump, who regularly undermined House GOP leaders while he was president. Trump will encourage his House loyalists to pressure McCarthy and the GOP leadership team to move the conference recklessly and carelessly on a number of issues like impeaching Biden, raising the debt ceiling, funding the government, supporting Ukraine’s war effort, and obsessing over Hunter Biden’s laptop.
The role of the Senate in the new Congress will be essential regardless of which party controls that chamber. As long as the filibuster remains intact, the Senate will be the place, once again, where necessary bipartisan agreements are reached in a divided government. The Senate often boasts of acting as the cooling saucer needed to handle the hot teacup known as the House of Representatives. That saucer may get a lot of work.
Buckle up for a very bumpy ride next year. Gaining power will prove easier than wielding it. | https://www.cnn.com/2022/11/17/opinions/gop-house-majority-midterm-election-2022-dent/index.html | 2022-11-17T11:37:45 | en | 0.971628 |
NAIROBI, Kenya (AP) — A multi-story building under construction collapsed on a neighboring home in the outskirts of Kenyan capital Nairobi, killing two people on Thursday, authorities said.
Three other people have been rescued alive from the family home that was next to the collapsed building located in the Ruaka suburb.
The early morning collapse is the second such incident this week as construction authorities warn of unpermitted buildings coming up in the city and its outskirts.
On Tuesday, a multi-story building collapsed in the city and construction workers were trapped inside.
Three people were confirmed dead from that incident, and the owner of the building, who is to be arrested and charged, has been on the run.
Building collapses are common in Nairobi, where housing is in high demand and unscrupulous developers often bypass regulations.
After eight buildings collapsed and killed 15 people in Kenya in 2015, the presidency ordered an audit of all the country’s buildings to see if they were up to code. The National Construction Authority found that 58% of the buildings in Nairobi were unfit for habitation. | https://www.wowktv.com/news/u-s-world/ap-2-killed-in-second-kenya-building-collapse-this-week/ | 2022-11-17T11:37:45 | en | 0.983653 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/denver-broncos/articles/41497827 | 2022-11-17T11:37:45 | en | 0.738227 |
First Saudi Philanthropy Launches its Digital Center on the Metaverse During Tolerance day
- The initiative is a significant leap for Alwaleed Philanthropies and its partners in bridging the physical and virtual worlds
RIYADH, Saudi Arabia, Nov. 17, 2022 /PRNewswire/ -- Alwaleed Philanthropies (AP), chaired by HRH Prince Alwaleed Bin Talal Al Saud, launched their latest innovative initiative on the metaverse, a center that combines multiple virtual spaces to provide users with an unparalleled digital and cultural experience. AP launched the center during the International Day for Tolerance, which is an annual observance day declared by UNESCO in 1995 to generate public awareness on the dangers of intolerance. The initiative is in line with AP's mission to bridge the gap between cultures and forge the way for global communities to become more open and tolerant, utilizing the latest disruptive 3D technology to spread their message throughout the world to connect with the younger generation.
The experience will be live on the Decentraland platform where attendees can explore the multi-story building showcasing elements of historical stories while linking diversified cultures together. The development of the digital experience was inspired by AP's mandate since their founding over 4 decades ago to build, and nurture tolerance across humanity.
"Alwaleed Philanthropies is committed to deploy collective efforts towards exposing minds and dismantling borders, as we believe in an open world and operate on the concept of creating an impact on people's lives globally. Our commitment to mankind, is to permanently be on the lookout for innovative approaches as we build connections for better cultural understanding as well as boundless tolerance. At Alwaleed Philanthropies, we initiate and collaborate, to come together for good deeds, through cooperating with a range of philanthropic, governmental and educational organizations to combat poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding", said HRH Princess Lamia bint Majed Al Saud, Secretary General of Alwaleed Philanthropies.
Alwaleed Philanthropies is one of the first Saudi philanthropies to meaningfully activate the metaverse with a social purpose and mission to spread the message of tolerance, cultural exchange and inclusivity extending from the physical world to the digital world. Alwaleed Philanthropies is committed to continuously explore new channels and technologies that empower humans and highlight important causes. It is worth noting this center will be reflecting all Alwaleed Philanthropies focus areas and is only the start for Alwaleed Philanthropies plans on the metaverse.
Photo - https://mma.prnewswire.com/media/1949368/AP_Digital_Centre_Metaverse.jpg
SOURCE Alwaleed Philanthropies | https://www.prnewswire.com/news-releases/first-saudi-philanthropy-launches-its-digital-center-on-the-metaverse-during-tolerance-day-301681340.html | 2022-11-17T11:37:45 | en | 0.899375 |
architecture
Would you live in a cave? These architects believe we should
Published 17th November 2022
Credit: Courtesy Noguchi Museum
Would you live in a cave? These architects believe we should
Hypermodern glass and steel may be shaping our cities of the future — and the supertall skyscrapers that continue to punch through their skylines — but some architects are looking instead to humanity's oldest dwelling: the humble cave.
With well-insulated, energy-efficient interiors, building materials partially provided by an existing structure, and a sense of harmony with the natural world, caves present an alternative way of eco-living, either as an isolated introvert's paradise, or a community of cliffside homes.
Perhaps most famous are Turkey's Cappadocia caves, which house rooms for rent and a luxury thermal hotel, but there are other examples, from a minimalist apartment in Tel Aviv, to a secluded temperature-controlled wine cave in Texas. In 2005, educator Jiang Lu conducted an Earthwatch-backed study on traditional cave dwellings in China's mountainous Shaanxi Province — which still provide housing for millions of residents today — finding them to be compatible with the principles of contemporary sustainable design.
But caves, despite being our oldest homes, are often seen as a radical choice: In 1958, when Life magazine visited the cozy abode of Mexico City-based painter and architect Juan O'Gorman, formed by a lava cave and decorated with animal print throws and ceramics on built-in shelving, the writer called it "most bizarre."
Now, O'Gorman's home, along with three other Mexican artist-architects who have explored modern cave design, is exhibited in "In Praise of Caves" at the Isamu Noguchi Foundation and Garden Museum in Queens, New York. While the show isn't a call to find the nearest cavern to inhabit, it presents the cave as a wellspring of inspiration for architects, particularly in how we think about the shapes of our homes.
"I think the thing that's so timely about (the exhibition)... is these Mexican artists were not talking about a kind of backwards-looking nostalgia (for caves)," explained Dakin Hart, a senior curator at the museum. "They are looking forward — this is about the future."
Nature meets design
Javier Senosiain, the only living artist-architect in the show, is perhaps the most famous of the bunch with his vibrant, eye-popping projects such as animal-lair-like "Casa Orgánica," where Senosiain and his family formerly resided an hour west of Mexico City, and "El Nido de Quetzalcóatl (The Nest of Quetzalcóatl)," which he completed in 2007. For "In Praise of Caves," Senosiain created intricate models of his own designs as well as O'Gorman's subterranean home — which has since been partially demolished by a new owner — and the forward-thinking concepts of Carlos Lazo, who died young in an airplane crash before his visions could be fully realized.
Each architect has been connected with Mexico's contributions to Organic Architecture — whose other famous associates include Frank Lloyd Wright in the US and Antoni Gaudí in Spain — believing that rekindling our relationship to the natural world was key to living well. But the architects in the show were also developing their ideas in the shadow of the Cold War, when the development of the atomic bomb had many thinking about bunkers below the surface, Hart explained.
"If we make the surface of the planet uninhabitable, we may all end up — whether we choose to or not — having to live underground," Hart said.
Though the architects' visions differ, the exhibition suggests they agreed that modern architecture came up short in its design. "Boxes have not made us happy... it's not a way to integrate well with our environment," Hart said of Senosiain's beliefs. So, for Javier, his point is we should go back to natural models as much as possible."
Scaling a vision
One of the most ambitious cave projects was Lazo's never-realized "Cuevas Civilizadas (Civilized Caves)," for which he aimed to dig 110 hillside homes northwest of Mexico City along with his project partners Augusto Pérez Palacios and Jorge Bravo. While the spaces were carved out, and the model homes completed, when Lazo, an esteemed city planner and public official died, the project died with him.
"(It) was essentially a public housing project idea...to build very efficient, but very modern homes that didn't require a lot of maintenance, and didn't require a lot of expense in upkeep for working people," Hart explained. "And sadly, when he died, the project fell apart, because it was all held together by his ambition and his position."
But the curator says Lazo's idea can still inform future thinking. "What's neat about Lazo was the scale of the ambition," he said. "And to see what might have been possible — what still is possible, if we just think about urban planning a little bit differently."
While floating cities and treehouses have become popular design solutions, embracing cave-like homes as a model could also help us plan for a future where a climate crisis looms. Already, they have become the inspiration for some 3D-printed homes, such as TECLA's model, which is made of local clay and whose rounded shape allows for easier printing and greater energy efficiency.
"We get so swamped by these kinds of unitary approaches to things. You look at the New York City skyline — eventually, we're going to think that those pencil towers are normal, (with) one $50 million apartment per floor that nobody lives in," Hart said. "(Caves) are an alternative way to think about building in a different kind of concert with our environment."
Top image: A view of Casa Orgánica. | https://www.cnn.com/style/article/architects-sustainable-cave-living/index.html | 2022-11-17T11:37:51 | en | 0.975611 |
BEIJING (AP) — A Chinse spokesperson on Thursday accused Canada of acting in a “condescending manner” following a testy exchange between President Xi Jinping and Canadian Prime Minister Justin Trudeau that underscores the depths to which the bilateral relationship has fallen.
Foreign Ministry spokesperson Mao Ning’s comments came after Xi chastised Trudeau at the G-20 summit on Wednesday over media reports on an earlier meeting during which Trudeau expressed concern about Chinese interference in Canada’s internal affairs. The apparently spontaneous exchange with a translator present was captured on video.
Mao denied China had ever interfered in the internal affairs of other nations and said Canada was responsible for the downturn in ties.
“Canada should take concrete actions to create conditions for the improvement of China-Canada relations,” she said at a daily briefing. The conversation was “quite normal and should not be interpreted as President Xi criticizing or blaming anyone.”
Mao added that there had been a clear lack of respect from the Canadian side.
“China has no problem at all with having a candid dialogue with other countries,” she said. “But we hope such a candid dialogue will be based on equal treatment and mutual respect, rather than criticizing the other in a condescending manner.”
In his comments to Trudeau, Xi said, “Everything we discussed has been leaked to the paper; that’s not appropriate.”
“And that’s not … the way the conversation was conducted, if there is sincerity on your part,” Xi said, at which point Trudeau interrupted and stepped toward Xi.
“In Canada, we believe in free and open and frank dialogue and that is what we will continue to have,” Trudeau said. “We will continue to look to work constructively together, but there will be things we will disagree on.”
“Let’s create the conditions first,” Xi responded. The two shook hands after the brief encounter.
Mao said nothing Xi said should be interpreted as a threat.
“As you can see from the video, I think it is quite normal for the two heads of state to have a brief conversation during the G-20 summit. The two sides were just stating their respective positions,” she said.
Trudeau first spoke with Xi at the G-20 last Tuesday. A senior Canadian government official said the two spoke about Russia’s invasion of Ukraine, North Korea and climate change, and that Trudeau also raised “our serious concerns around interference activities in Canada.” The official spoke on condition of anonymity as they were not authorized to speak publicly about the matter.
Asked later at a news conference about the confrontation, Trudeau said, “not every conversation is always going to be easy, but it’s extremely important that we continue to stand up for the things that are important for Canadians.”
Foreign Minister Mélanie Joly also said she discussed Chinese interference with her Chinese counterpart at the G-20.
Joly remarked last week that China is an increasingly disruptive global power and warned businesses against deepening their ties, saying there were “geopolitical risks.”
China-Canada ties nosedived after China jailed two Canadians shortly after Canada arrested Meng Wanzhou, chief financial officer of Huawei Technologies and the daughter of the company’s founder, on a U.S. extradition request in December 2018.
They were sent back to Canada last year, the same day Meng returned to China after reaching a deal with U.S. authorities in her case, leading many to label China’s action “hostage politics.”
Canada has banned wireless carriers from installing Huawei equipment in its high-speed 5G networks, joining allies in shunning the company that has close links with the ruling Communist Party and its military wing, the People’s Liberation Army. China has described the charges against Huawei and Meng as a politically motivated attempt to hold back China’s economic and technological development.
More recently, Canadian police charged a Hydro-Québec employee on Monday with espionage for allegedly sending trade secrets to China.
Earlier this month, Canadian public broadcaster CBC closed its China bureau after applications to base a new reporter in Beijing were met with what it called “monthslong silence from Chinese officials.”
The apparently unscripted remarks from Xi marked a rare display of public candor from the usually highly composed veteran politician. Known as an ardent nationalist who has vowed to always put China’s interests first, Xi recently had himself granted a third five-year term as leader of the ruling Communist Party, while packing top bodies with loyalists.
In one earlier such incident during a visit to Mexico in 2009 while serving as vice president, China told Chinese students that, “There are a few foreigners, with full bellies, who have nothing better to do than try to point fingers at our country.”
“China does not export revolution, hunger or poverty. Nor does China cause you headaches. Just what else do you want?,” Xi said in remarks caught on camera. | https://www.wowktv.com/news/u-s-world/ap-after-exchange-china-calls-canadas-manner-condescending/ | 2022-11-17T11:37:51 | en | 0.976962 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nfl/denver-broncos/articles/41511877 | 2022-11-17T11:37:51 | en | 0.738227 |
First Saudi Philanthropy Launches its Digital Center on the Metaverse During Tolerance day
- The initiative is a significant leap for Alwaleed Philanthropies and its partners in bridging the physical and virtual worlds
RIYADH, Saudi Arabia, Nov. 17, 2022 /PRNewswire/ -- Alwaleed Philanthropies (AP), chaired by HRH Prince Alwaleed Bin Talal Al Saud, launched their latest innovative initiative on the metaverse, a center that combines multiple virtual spaces to provide users with an unparalleled digital and cultural experience. AP launched the center during the International Day for Tolerance, which is an annual observance day declared by UNESCO in 1995 to generate public awareness on the dangers of intolerance. The initiative is in line with AP's mission to bridge the gap between cultures and forge the way for global communities to become more open and tolerant, utilizing the latest disruptive 3D technology to spread their message throughout the world to connect with the younger generation.
The experience will be live on the Decentraland platform where attendees can explore the multi-story building showcasing elements of historical stories while linking diversified cultures together. The development of the digital experience was inspired by AP's mandate since their founding over 4 decades ago to build, and nurture tolerance across humanity.
"Alwaleed Philanthropies is committed to deploy collective efforts towards exposing minds and dismantling borders, as we believe in an open world and operate on the concept of creating an impact on people's lives globally. Our commitment to mankind, is to permanently be on the lookout for innovative approaches as we build connections for better cultural understanding as well as boundless tolerance. At Alwaleed Philanthropies, we initiate and collaborate, to come together for good deeds, through cooperating with a range of philanthropic, governmental and educational organizations to combat poverty, empower women and youth, develop communities, provide disaster relief and create cultural understanding", said HRH Princess Lamia bint Majed Al Saud, Secretary General of Alwaleed Philanthropies.
Alwaleed Philanthropies is one of the first Saudi philanthropies to meaningfully activate the metaverse with a social purpose and mission to spread the message of tolerance, cultural exchange and inclusivity extending from the physical world to the digital world. Alwaleed Philanthropies is committed to continuously explore new channels and technologies that empower humans and highlight important causes. It is worth noting this center will be reflecting all Alwaleed Philanthropies focus areas and is only the start for Alwaleed Philanthropies plans on the metaverse.
Photo - https://mma.prnewswire.com/media/1949368/AP_Digital_Centre_Metaverse.jpg
SOURCE Alwaleed Philanthropies | https://www.prnewswire.com/news-releases/first-saudi-philanthropy-launches-its-digital-center-on-the-metaverse-during-tolerance-day-301681341.html | 2022-11-17T11:37:52 | en | 0.899375 |
Wayne Rooney: My World Cup memory
Former Manchester United and England star Wayne Rooney recalls his best World Cup memory to CNN: when England fans chanted the squads' names outside of their hotel ahead of their first game at the 2006 World Cup.
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NUSA DUA, Indonesia (AP) — China and India, after months of refusing to condemn Russia’s war in Ukraine, did not stand in the way of the release this week of a statement by the world’s leading economies that strongly criticizes Moscow.
Could this, at last, signal a bold new policy change by Beijing and New Delhi to align themselves with what the United States and its allies believe is the best way to end a war that has brought death and misery to Ukraine and disrupted millions of lives as food and energy prices soar and economies crack?
There’s certainly an eagerness by a world weary of war to see it as the beginning of a shift by the burgeoning global powers.
Look close enough, however, and there’s enough subtlety, not to mention spots of vagueness, in both the official statement released at the end of the Group of 20 summit in Bali, Indonesia, and in actions from China and India themselves, to raise questions about whether a real change is underway.
Their positions will become clearer in coming weeks, but for now both nations, which have significant trade ties with Russia and have so far stopped short of outright criticism of the war, may simply be looking out for their own interests and keeping future options open.
Figuring out what exactly happened in Bali matters because there’s growing worry that without political and diplomatic pressure by China and India, Russia will be far less likely to end its war.
The conflict in Ukraine loomed large over the two-day summit on Bali, which was attended by Russian Foreign Minister Sergei Lavrov. News early Wednesday of an explosion that rocked eastern Poland prompted U.S. President Joe Biden to hastily arrange an emergency meeting with Group of Seven and NATO members at the summit.
The backroom wrangling at the G-20 over how to address Russia’s invasion in its statement was “very, very tough,” summit host Indonesian President Joko Widodo said.
“Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy,” the statement said.
The less-than-universal language — “most members” — signals the presence of dissent, as does an acknowledgement that “there were other views and different assessments” and that the G-20 is “not the forum to resolve security issues.”
The final product, however, was seen by some as a strong rebuke of a war that has killed thousands, heightened global security tensions and disrupted the world economy.
The public statement used language from a March U.N. resolution that deplored “in the strongest terms the aggression by the Russian Federation against Ukraine” and demanded “its complete and unconditional withdrawal” from Ukrainian territory.
German Chancellor Olaf Scholz said the G-20 summit’s “surprisingly clear words” on Ukraine “wouldn’t have been possible if important countries hadn’t helped us to come together this way — that includes India and it also includes, for example, South Africa.”
“This is something which shows that there are many in the world who don’t think this war is right, who condemn it, even if they abstained in the votes at the United Nations for various reasons,” Scholz said. “And I am sure that this is one of the results of this summit: the Russian president stands almost alone in the world with his policy.”
John Kirton, director of the G-20 Research Group, called it a “big breakthrough” and an “active shift” by China and India in which they joined the “democratic side of the great immediate geopolitical divide.”
Privately, however, some diplomats were wary about declaring that China has shifted its stance on Russia.
Chinese President Xi Jinping may have simply made a decision to not be seen as a spoiler or outlier during face-to-face meetings with other leaders in Bali. The statement also allows China to avoid going all-in with a Russia that is looking more and more isolated as it increases attacks on civilians and civilian infrastructure.
What Beijing hasn’t done is change — or even publicly question — its fundamental relations with Russia.
China has closely aligned its foreign policy with Russia in recent years, as pipeline projects and natural gas sales have brought them closer economically.
It has refused to publicly criticize Russia’s aggression or even refer to it as an invasion, while criticizing sanctions and accusing the United States and NATO of provoking Putin, although it has warned against allowing the conflict to go nuclear.
Just weeks before Moscow’s invasion, the Russian and Chinese leaders met in Beijing, where they signed a joint statement affirming that their bilateral relationship had “no” limits.
It was unclear whether China pushed for the softening language in the G-20 statement acknowledging “other views and different assessments” and that the G-20 is “not the forum to resolve security issues,” but Shi Yinhong, professor of international relations at Beijing’s Renmin University, said it has pushed for such phrases on other occasions.
For India, Prime Minister Narendra Modi has also avoided criticism of the Russian invasion of Ukraine.
Modi, however, indicated for the first time in public India’s discomfort with the attack when he met Putin in September.
“I know that today’s era is not of war,” Modi told Putin.
That message “resonated very deeply across all the delegations and helped to bridge the gap across different parties and contributed to the successful outcome of the document” in Bali, Indian Foreign Secretary Vinay Kwatra told reporters.
Navdeep Suri, a retired Indian diplomat, said he sees a subtle shift in India’s position in dealing with Russia.
China, however, may be “in a far more awkward position than India because China is the one that promised unlimited support to Russia a few days before the invasion,” Suri said. “China has (now) gone along with such tough language, including the unconditional and complete withdrawal of Russian forces from Ukraine.”
Dilip Sinha, another retired Indian diplomat, noted that India continues to buy oil, to trade with Russia and to abstain from U.N. resolutions critical of Russia.
“There is a feeling of bravado in India that it has its way. I don’t see any change at all in India’s policy on Russia on the war in Ukraine,” Sinha said.
___
Foster Klug, AP’s news director for the Koreas, Japan, Australia and the South Pacific, has covered Asia since 2005.
___
Associated Press writer Ashok Sharma in New Delhi contributed to this story. | https://www.wowktv.com/news/u-s-world/ap-analysis-have-china-and-india-shifted-stance-on-russia-war/ | 2022-11-17T11:37:57 | en | 0.967574 |
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NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Fulgent Genetics, Inc. ("Fulgent" or the "Company") (NASDAQ: FLGT) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Fulgent investors who were adversely affected by alleged securities fraud between March 22, 2019 and August 4, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/fulgent-genetics-lawsuit-loss-submission-form?prid=33764&wire=4
FLGT investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) Fulgent had been conducting medically unnecessary laboratory testing, engaging in improper billing practices in relation to laboratory testing, and providing or receiving remuneration in violation of the Anti-Kickback Statute and Stark Law; (ii) accordingly, Fulgent was likely to become subject to enhanced legal and regulatory scrutiny; (iii) Fulgent's revenues, to the extent they were derived from the foregoing unlawful conduct, were unsustainable; (iv) the foregoing, once revealed, was likely to subject the Company to significant financial and/or reputational harm; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT'S NEXT? If you suffered a loss in Fulgent during the relevant time frame, you have until November 21, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/flgt-lawsuit-alert-levi--korsinsky-notifies-fulgent-genetics-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680915.html | 2022-11-17T11:37:58 | en | 0.94122 |
TOKYO (AP) — Global shares mostly declined Thursday amid concerns about the impact of China’s “zero-COVID” strategy mixed with hopes for economic activity and tourism returning to normal.
France’s CAC 40 added 0.4% in early trading to 6,631.06. Germany’s DAX rose 0.9% to 14,367.89. Britain’s FTSE 100 sank 0.3% to 7,328.30. U.S. shares were set to drift higher with Dow futures up 0.3% to 33,694.00. S&P 500 futures rose 0.4% to 3,984.50.
Benchmarks fell in Tokyo, Seoul, Hong Kong and Shanghai, while gaining in Sydney. Oil prices fell.
Market watchers noted worries about how the Federal Reserve might not ease up on its aggressive interest rate hikes, which are aimed at curbing inflation pressures. Much of the market’s prior rally on Wall Street was due to such hopes, including easing inflation.
“Markets are still unconvinced that the U.S. Fed will opt for lower magnitude rate hikes as incoming data sent mixed signals,” said Venkateswaran Lavanya at Mizuho Bank.
U.S. retail data has shown improvement, while industrial production has dropped, highlighting the resilience of the service sector, as opposed to weakening external demand.
The Fed has been raising interest rates in an effort to slow the economy and tame the hottest inflation in decades. Wall Street has been worried it could hit the brakes too hard and bring on a recession.
Japan’s benchmark Nikkei 225 shed 0.4% to finish at 27,930.57. Australia’s S&P/ASX 200 gained 0.2% to 7,135.70, after government data showed that the employment situation had improved in October from September.
South Korea’s Kospi slipped 1.4% to 2,442.90. Hong Kong’s Hang Seng dropped 1.2% to 18,045.66, while the Shanghai Composite fell 0.2% to 3,115.43.
China is maintaining its “zero-COVID” approach of mass testing many people alongside localized lockdowns and quarantines to eliminate the coronavirus entirely. Such restrictions have caused a supply crunch for some of Asia’s biggest manufacturers, denting economic growth.
Elsewhere, the lifting of pandemic restrictions have fueled hopes of greater consumer spending and tourism revenue.
Japan marked a trade deficit for the 15th month in a row in October, as both imports and exports reached record highs amid the soaring costs of energy and food and a drooping yen, according to government data released Thursday.
The deficit, at 2.16 trillion yen ($15 billion), was the highest for the month of October since comparable data was first compiled in 1979, and came despite a solid growth in exports, which rose 25.3% last month to 9 trillion yen ($64 billion) from a year ago. Among the products boosting exports were vehicles, medical products and electrical machinery, according to the ministry.
The latest U.S. government report on retail sales for October shows that consumer spending remains strong, though it’s unclear whether that’s because of more purchases or higher prices.
Strong consumer spending is typically a good sign for the economy, but it could make the Fed’s strategy of cooling the economy more difficult.
Also hanging over market sentiments, especially the energy sector, is the war in Ukraine. Any worsening could cause spikes in prices for oil, gas and other commodities that the region produces.
In energy trading, benchmark U.S. crude lost 42 cents to $85.17 a barrel. U.S. crude oil prices initially rose, before settling 1.5% lower Wednesday. Brent crude, the international standard, fell 11 cents to $92.75 a barrel.
In currency trading, the U.S. dollar inched down to 138.98 Japanese yen from 139.51 yen. The euro cost $1.0394, down from $1.0396.
___
AP Business Writers Damian J. Troise and Alex Veiga contributed to this report.
___
Yuri Kageyama is on Twitter: https://twitter.com/yurikageyama | https://www.wowktv.com/news/u-s-world/ap-asian-benchmarks-mostly-decline-amid-lingering-china-worries/ | 2022-11-17T11:38:03 | en | 0.942058 |
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NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Freshworks Inc. ("Freshworks" or the "Company") (NASDAQ: FRSH) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Freshworks investors who were adversely affected by alleged securities fraud. This lawsuit is on behalf of persons and entities that purchased Freshworks common stock pursuant to and/or traceable to documents issued in connection with the Company's initial public offering. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/freshworks-class-action-loss-submission-form?prid=33778&wire=4
FRSH investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: According to the complaint, the documents used to effectuate Freshworks' initial public offering were false and misleading and omitted to state that, at the time of the initial public offering, the Company's business had encountered obstacles. As a result of these obstacles, Freshworks' net dollar retention rate was plateauing, and its revenue growth rate and billings were decelerating.
WHAT'S NEXT? If you suffered a loss in Freshworks during the relevant time frame, you have until January 3, 2023 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/frsh-lawsuit-alert-levi--korsinsky-notifies-freshworks-inc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680947.html | 2022-11-17T11:38:04 | en | 0.939639 |
HONG KONG (AP) — American game developer Blizzard Entertainment said Thursday that it will suspend most of its game services in mainland China after current licensing agreements with Chinese games company NetEase end, sending NetEase’s shares tumbling.
Blizzard, which partnered with NetEase in 2008 to offer popular games like World of Warcraft, Overwatch and Diablo in mainland China, said in a statement the two companies did not reach a deal to renew the agreements “that is consistent with Blizzard’s operating principles and commitments to players and employees.”
The partnership is set to expire in January next year. Blizzard said that new sales will be “suspended in the coming days.”
NetEase shares plunged as much as 15% in Hong Kong following the news.
In a statement, NetEase said that the expiration of its licenses with Blizzard would have “no material impact” on the company’s financial results.
The company said revenues and income from the licensed Blizzard games represented “low single digits” as a total percentage of NetEase’s total revenues and income last year, and in the first three quarters of 2022.
“We have put in a great deal of effort and tried with our utmost sincerity to negotiate with Activision Blizzard so that we could continue our collaboration and serve the many dedicated players in China,” William Ding, CEO of NetEase, said in the statement. “However, there were material differences on key terms and we could not reach an agreement.”
Blizzard Entertainment CEO Mike Ybarra said that the firm is looking for alternatives to bring the games back to Chinese players in the future.
“We’re immensely grateful for the passion our Chinese community has shown throughout the nearly 20 years we’ve been bringing our games to China through NetEase and other partners,” Ybarra said.
The games affected by the suspension are World of Warcraft, the StarCraft series, Hearthstone, Heroes of the Storm, Overwatch and Diablo III. | https://www.wowktv.com/news/u-s-world/ap-blizzard-netease-gaming-partnership-in-china-to-end/ | 2022-11-17T11:38:09 | en | 0.967485 |
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DUBLIN, Nov. 17, 2022 /PRNewswire/ -- The "Commercial Seaweed Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2022 to 2030" report has been added to ResearchAndMarkets.com's offering.
The global commercial seaweed market is expected to grow at a compound annual growth rate (CAGR) of 11% during the forecast period 2022-2030. The rising demand for seaweed is expected to be driven by technological advancements in cultivation, as well as investments in animal feed and agriculture. Seaweed is the main source of iodine which is rare in other food items and ingredients. The human body's estrogen and estradiol levels must be controlled. The use of seaweed or its isolates increases satiety. It also lowers postprandial absorption rates for glucose and other lipids. This aids in the creation of healthy, low-obesity foods. Due to their anti-microbial abilities, seaweeds are used both as food and as ingredients.
Focus on Healthy Options Boosting the Market Revenues
The supply of commercial seaweed is crucial to satisfy the consumer's nutritional needs and decrease the risk of certain diseases. Commercial seaweed provides better yield quality and quantity in agriculture and meets the increasing demand of hydrocolloids for food & beverages as well as cosmetics & personal health. Recent studies have shown that commercial seaweed can be used to fight the COVID-19 disease. It has a greater effect than the vaccine.
This is why commercial seaweed has become an important parameter. To meet the rising demand for seaweed products, many companies expand their manufacturing facilities. The continued investment by the major market players has greatly contributed to improved preservatives as well as thickeners and other gums. The potential uses of seaweed are growing and will likely boost market growth over the forecast period 2020-2028.
Red Seaweed Contributes to Over Half of the Market Revenues in 2021
Red seaweed was the dominant market segment contributing to about 54% of all the total revenues in 2021. Due to its high functional attributes, this segment is expected to grow rapidly over the next few years. They are useful as food crops and rich in vitamins. Red seaweeds are used extensively in food preparations.
Seaweed Application in Food Dominates with Over 82% of Revenue Contribution
Seaweed is an important food that can be eaten directly by humans. The highest revenue share, 82%, is in the Human Consumption segment. Rising population, rising disposable incomes, increased awareness regarding healthy eating habits, and increased global demand for processed food products are the key drivers impacting the market revenues in this segment. Due to its cultural features, the Asia Pacific region is home to a greater demand for seaweeds. Form
APAC Taking Over 75% of Market Revenues
Asia Pacific dominated and held the largest revenue share at 75%. China is the Asia Pacific's leading seaweed producer. South Korea, Japan, and China are also the most important seaweed consumers in this region. The traditional value of seaweed in traditional food and medical applications makes it a favorite marine plant food. Asia Pacific is likely to experience a higher level of product demand due to the growing regional food industry.
Immense Opportunities for New Entrants
Seaweed production is concentrated in the areas along the coasts from seaweed-producing countries such as Japan and Indonesia. The market offers great potential for new and emerging players who need broad support throughout the value chain. Key strategy of key players includes mergers &acquisitions and joint ventures to expand their market share. To provide the best product quality, most of the industry's key players also have their distribution networks.
This gives them a competitive advantage through cost savings and an increase in profit margin.
Key Topics Covered:
1. Preface
2. Executive Summary
3. Commercial Seaweed Market: Business Outlook & Market Dynamics
4. Commercial Seaweed Market: By Product, 2020-2030, USD (Million)
5. Commercial Seaweed Market: By Application, 2020-2030, USD (Million)
6. Commercial Seaweed Market: By Form, 2020-2030, USD (Million)
7. Commercial Seaweed Market: By Cultivation, 2020-2030, USD (Million)
8. North America Commercial Seaweed Market, 2020-2030, USD (Million)
9. UK and European Union Commercial Seaweed Market, 2020-2030, USD (Million)
10. Asia Commercial Seaweed Market, 2020-2030, USD (Million)
11. Latin America Commercial Seaweed Market, 2020-2030, USD (Million)
12. Middle East and Africa Commercial Seaweed Market, 2020-2030, USD (Million)
13. Company Profiles
Companies Mentioned
- Cargill Incorporated
- DuPont
- Marcel Carrageenan
- AtSeNova
- Beijing Leili Agricultural Co. Ltd
- Pacific Harvest
- Irish Seaweed
- Ocean Rainforest
- Indigrow Ltd
- Seaweed Solutions AS
- Maine Coast Sea Vegetables
- Kelp Industries
- Pty Ltd.
- Organic Irish Seaweed-Emerald Isle
- Green Ocean Farming UK
- Nantong Xinlang Seaweed & Foodscadia Seaweed
- KwangcheonKim
For more information about this report visit https://www.researchandmarkets.com/r/afswrs
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
For E.S.T Office Hours Call +1-917-300-0470
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SOURCE Research and Markets | https://www.prnewswire.com/news-releases/global-commercial-seaweed-market-report-2022-echnological-advancements-in-cultivation-to-boost-11-cagr-301681296.html | 2022-11-17T11:38:10 | en | 0.921641 |
BEIJING (AP) — Chinese authorities faced more public anger Thursday after a second child’s death was blamed on overzealous anti-virus enforcement, adding to frustration at controls that are confining millions of people to their homes and sparked fights with health workers.
The 4-month-old girl died after suffering vomiting and diarrhea while in quarantine at a hotel in the central city of Zhengzhou, according to news reports and social media posts. They said it took her father 11 hours to get help after emergency services balked at dealing with them and she finally was sent to a hospital 100 kilometers (60 miles) away.
The death came after the ruling Communist Party promised this month that people in quarantine wouldn’t be blocked from getting emergency help following an outcry over a 3-year-old boy’s death from carbon monoxide in the northwest. His father blamed health workers in the city of Lanzhou, who he said tried to stop him from taking his son to a hospital.
Internet users expressed anger at the ruling Communist Party’s “zero-COVID” strategy and demanded that officials in Zhengzhou be punished for failing to help the public.
“Once again, someone died because of excessive epidemic prevention measures,” one user wrote on the popular Sina Weibo platform. “They put their official post above everything else.”
The ruling party promised last week to ease quarantine and other restrictions under its “zero-COVID” strategy, which aims to isolate every infected person. But Chinese leaders are trying to dispel hopes the measures are about to end as other governments ease controls and try to live with the virus.
“Zero-COVID” has kept China’s infection numbers lower than those of the United States and other major countries but shuts down neighborhoods, schools and businesses for weeks at a time. Residents of some areas complain they are left without food and medicine.
A spike in infections over the past two weeks has led officials in areas across China to confine families to their cramped apartments or order people into quarantine if a single case is found in their workplace or neighborhood.
On Thursday, the government reported 23,276 new cases in areas throughout the country; 20,888 of them with no symptoms.
That included a total of 9,680 in this week’s biggest hot spot, the southern business center of Guangzhou, near Hong Kong.
The government is trying to deal with “simple and crude” over-enforcement in response to public complaints, the deputy director of the National Bureau of Disease Control, Shen Hongbing, said at a news conference.
The government has received 130,000 complaints including local officials improperly isolating visitors arriving from low-risk areas, according to Shen.
“We have sorted out the problems reported by the masses,” Shen said. He didn’t mention the girl’s death in Zhengzhou.
Local governments are being given more flexibility in possible preparation for gradual reopening of the country, but a timetable is unclear, said economists Helen Qiao, Benson Wu and Xiaoqing Pi of Bank of America in a report. They pointed to the major cities of Guangzhou, Chongqing and Shijiazhuang, which all are coping with an uptick in infections.
“Their responses and reopening paths will be useful for other cities to prepare for their reopening,” they said. “No matter what measures they undertake, we do expect a short term shock on the local economic activities.”
Economists and health experts have said “zero-COVID” might stay in place for up to another year because the government needs to vaccinate millions of elderly people before it can lift curbs that keep most foreign visitors out of China.
Videos on social media this week that said they were shot in Guangzhou showed angry residents knocking over barriers set up by white-garbed health workers. The 1.8 million residents of the city’s Haizhu district were confined to their homes last week but some restrictions were lifted Monday.
A total of 1,659 cases were reported in Henan province, another hot spot where Zhengzhou is located.
Access to a Zhengzhou industrial zone that is home to the world’s biggest iPhone factory was suspended this month following outbreaks. Apple Inc. said deliveries of its new iPhone 14 model would be delayed.
Last month, thousands of employees walked away from the factory operated by Taiwan’s Foxconn Technology Group after complaints that coworkers who fell ill received no treatment.
News reports say the ruling party has ordered “grassroots cadres” to take the place of missing workers and Foxconn is offering bonuses to others who stay. Foxconn has not responded to requests for confirmation or details.
The 4-month-old girl in Zhengzhou and her father were sent into quarantine Saturday, according to news reports and social media.
An account on social media that said it was written by the father, identified as Li Baoliang, said he started calling the emergency hotline at noon on Monday after she suffered vomiting and diarrhea. It said the hotline responded the girl wasn’t sick enough to need emergency care. The account said health workers at the quarantine site called an ambulance but the crew refused to deal with them because the father tested positive for the virus.
The girl finally arrived at a hospital at 11 p.m. but died despite efforts to revive her, the account said.
The account attributed to the father complained the emergency hotline acted improperly, nearby hospitals weren’t ready to help and the hospital where they ended up failed to provide “timely treatment” and gave him “seriously false” information.
“Epidemic prevention and control people, do you not have a heart?” said another posting on Sina Weibo.
The Zhengzhou city government said the incident was under investigation, according to news reports.
A report on the social media account of news outlet China News Weekly was reposted 11,000 times and received 45,000 “likes,” according to Sina Weibo.
In the capital, Beijing, access to elite Peking University was suspended Wednesday. People who visited a vegetable market in the city’s southeast where a case was found were ordered into quarantine in a hotel at their own expense. Some shopping malls and office buildings have been closed.
___
AP news assistant Caroline Chen contributed. | https://www.wowktv.com/news/u-s-world/ap-chinese-leaders-face-anger-over-2nd-childs-quarantine-death/ | 2022-11-17T11:38:16 | en | 0.976122 |
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- Over 200 Forbes 2000 companies rely on SpendEdge's actionable insights.
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NEW YORK, Nov. 17, 2022 /PRNewswire/ -- The Global Electric Motors Market Procurement market is expected to garner USD 46.10 Billion, rising at a CAGR of 6.04% from 2022 to 2026. The report offers all-inclusive insights into the present condition and future scope of the industry by deeply analyzing market drivers and restraints, opportunities, major segments, and regions.
https://spendedge.com/sample-report/electric-motors-sourcing-and-procurement-intelligence-report
Key Points Covered in the Electric Motors Market Report:
- Am I engaging with the right suppliers?
- Which KPIs should I use to evaluate my incumbent suppliers?
- Which supplier selection criteria are relevant for ERP Software?
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SOURCE SpendEdge | https://www.prnewswire.com/news-releases/global-electric-motors-market-procurement---sourcing-and-intelligence---exclusive-report-by-spendedge-301680263.html | 2022-11-17T11:38:16 | en | 0.851002 |
VATICAN CITY (AP) — Italy’s Catholic bishops on Thursday provided their first-ever accounting of clergy sexual abuse, but Italy’s main survivor advocate said it was “shamefully” inadequate given it only covered reports to church authorities over the last two years and omitted documentary research into church archives.
The report, which found 89 presumed victims and some 68 people accused, was never meant to provide an accurate or historic look at the clergy abuse problem in Italy. The country’s bishops never authorized such research despite demands from survivors for a full accounting, which some other Catholic Churches in Europe have published.
Instead, the Italian bishops limited the scope of their report to evaluate the work of “listening centers” that were set up in dioceses since 2019 to receive complaints from victims. Organizers said during a news conference Thursday that the report provided a “first photograph” of the problem and the bishops planned to release annual reports from now on.
The report said 89 people had made reports in the past two years and identified 68 abusers. It found most victims were between ages 15-18 when the abuse took place, though 16 were adults whom the church considered “vulnerable.” Most of the claims involved inappropriate language or behavior and touching.
The numbers paled in comparison to the tally of known cases kept by Italy’s main survivors’ group, Rete L’Abuso, which estimates some 1 million victims in the overwhelmingly Roman Catholic country. The group has identified some 178 accused priests, 165 priests who were convicted by Italian law enforcement and some 218 new cases.
Nevertheless, the numbers reported by the Italian bishops even in these two past years were significant, said Francesco Zanardi, the head of Rete l’Abuso.
“If in two years they received 89 complaints, that means the problem is there and it’s big,” he said in a telephone interview.
Zanardi noted that an unusually high percentage of the accused were lay church workers – some 34%, compared to the 66% of priests or religious brothers. He noted that lay abusers often find it easier to access potential victims in Italy’s vast church-run volunteer programs since background checks are less stringent.
Monsignor Lorenzo Ghizzoni, who is head of the Italian church’s national child protection service, said the numbers were significant given the reporting period covered a time when church activities were either shuttered or reduced due to COVID-19.
“These are just a few, but they’re a lot,” especially for a system to receive complaints that had just been started, Ghizzoni said.
From the start, the scope of the Italian report was far more limited than the approach taken by the Catholic hierarchy in many European countries to try to respond to clamoring for accountability about clergy sexual abuse.
When he announced the planned report in May, the head of the Italian bishops’ conference, Cardinal Matteo Zuppi, insisted the study’s scope and the compressed, six-month time frame for its release would enable researchers to provide a more “accurate and accountable” tally.
Whether by government mandate, parliamentary investigation or church initiation, such reports in Ireland, Belgium, the Netherlands, Germany, Portugal and France identified systematic problems that allowed thousands of children to be abused by Catholic priests.
In France, a panel of independent experts estimated that 330,000 children were sexually abused over 70 years by some 3,000 priests and church personnel, and that the crimes were covered up “systematically” by the church hierarchy. That report, and a spate of revelations about high-ranking abusers, has sparked a crisis of confidence in the French Catholic Church.
Zanardi alleged the Italian report was clearly an attempt to “minimize” and cover up the scope of clergy sex abuse in Italy. “It’s shameful. It’s partial and you don’t really know what it’s for,” he said.
A consortium of survivor advocacy groups, under the hashtag #ItalyChurchToo, has sought to identify why the problem remains so hushed-up in Italy. The alliance’s members said the church’s continued political, social and cultural influence has made prosecutors reluctant to investigate clergy abuse cases and resulted in a refusal by lawmakers to back parliamentary inquiries and disinterest by the Italian public | https://www.wowktv.com/news/u-s-world/ap-italy-church-releases-abuse-accounting-but-only-for-2-years/ | 2022-11-17T11:38:22 | en | 0.97765 |
A proprietary scoring model built to predict borrower engagement that will help increase cures and decrease defaults.
SAN DIEGO, Nov. 17, 2022 /PRNewswire/ -- Goal Solutions, an innovative, award-winning financial services company has unveiled its Borrower Engagement Score, part of its industry leading Goal Portfolio Analytics (GPA) suite of machine learning and AI scoring models developed to optimize performance across all stages of the consumer loan lifecycle.
GPA was the brainchild of Mark Mousseau, VP Asset Management, who recognized an opportunity to harness the company's expansive dataset to build a variety of scoring models that address specific points in a consumer loan's lifecycle including early and late-stage delinquency and post-default recoveries.
In the announcement Mark stated, "The roll out of our Borrower Engagement Score comes at an important time as consumer loan delinquencies have been stressed from the effects of higher interest rates and inflation. This score gives us a leg up on creating outreach strategies early in delinquency that help us keep our client's portfolios performing well."
Under the thought leadership of CEO and President Matt Myers, the GPA innovation marks yet another success in the company's growth initiatives. Using expert insight, a vast dataset, and innovative tools, Goal has developed tailored algorithms based on numerous borrower credit attributes and account variables.
Matt added, "Since the inception of Goal Solutions, data visualization, analytics and predictive modeling have been foundational elements of our value add to our partners. We are very excited to be rolling out the Borrower Engagement Score as part of our Master Servicing and Primary Servicing offerings to help originators and investors in consumer loans optimize their portfolio performance, especially with uncertainty around consumer performance ramping up."
Since 2008 Goal Solutions has delivered comprehensive and customizable Loan Servicing, SPV Administration and Asset Management solutions. Driven by technology, data science, and industry expertise, Goal is a strategic partner for investors, originators, banks, credit unions, and colleges across the entire consumer finance lifecycle. Learn more about the Goal family of companies at www.goalsolutions.com.
Contact for Press Inquiries
David K. McMullin | Vice President of Corporate Development
619-405-0886
[email protected]
SOURCE Goal Solutions | https://www.prnewswire.com/news-releases/goal-solutions-announces-borrower-engagement-score-301681033.html | 2022-11-17T11:38:22 | en | 0.924928 |
SCHIPHOL, Netherlands (AP) — A Dutch court is passing judgment Thursday on three Russians and a Ukrainian charged in the downing of Malaysia Airlines flight MH17 over Ukraine and the deaths of all 298 passengers and crew on board.
The verdict comes more than eight years after the Boeing 777 flying from Amsterdam to Kuala Lumpur was blown out of the sky on July 17, 2014, amid a conflict between pro-Russia rebels and Ukrainian forces, scattering wreckage and bodies over farmland and fields of sunflowers.
None of the suspects appeared for the trial that began in March 2020 and if they are convicted, it’s unlikely they will serve any sentence anytime soon. Prosecutors have sought life sentences for all four. Prosecutors and the suspects have two weeks to file an appeal.
The Hague District Court, sitting at a high-security courtroom at Schiphol Airport, is passing judgment against a backdrop of global geopolitical upheaval caused by Russia’s full-blown invasion of Ukraine in February and the nearly nine-month war it triggered.
Hundreds of family members of people killed traveled to the court to hear the verdict, bringing them back to the airport their loved ones left on the fateful day MH17 was shot down.
Dutch prosecutors say the missile launcher came from the 53rd Anti-Aircraft Missile Brigade, a unit of the Russian armed forces based in the Russian city of Kursk and was driven back there after MH17 was shot down.
The suspects aren’t accused of firing the missile but of working together to get it to the field where it was fired. They are accused of bringing down the plane and the murder of all those on board.
The most senior defendant is Igor Girkin, a 51-year-old former colonel in Russia’s Federal Security Service, or FSB. At the time of the downing, he was defense minister and commander of the armed forces of the self-proclaimed Donetsk People’s Republic — the region where the plane was shot down. Girkin reportedly is currently involved in Russia’s war on Ukraine.
Also on trial are Girkin’s subordinates, Sergey Dubinskiy, Oleg Pulatov, and Leonid Kharchenko, a Ukrainian who prosecutors say was commander of a pro-Russia rebel combat unit and took orders directly from Dubinskiy.
Pulatov is the only one of the suspects who was represented by defense lawyers at the trial. They accused prosecutors of “tunnel vision” in basing their case on the findings of an international investigation into the downing while ignoring other possible causes.
Pulatov’s defense team also sought to discredit evidence and argued he didn’t get a fair trial.
In a video recording played in court, Pulatov insisted he was innocent and told judges: “What matters to me is that the truth is revealed. It’s important for me that my country is not blamed for this tragedy.” | https://www.wowktv.com/news/u-s-world/ap-mh17-judgment-day-verdicts-due-against-4-suspects-at-trial/ | 2022-11-17T11:38:28 | en | 0.970756 |
Technological advances, falling prices for renewable energy, and continued developments in energy storage have brought decentralized energy solutions into the mainstream
BOULDER, Colo., Nov. 17, 2022 /PRNewswire/ -- As of 2020, nearly 733 million people in the world were living without access to electricity, according to the consensus opinion of the International Energy Agency, the International Renewable Energy Agency, the United Nations Department of Economic and Social Affairs, the World Health Organization, and the World Bank. A new report from Guidehouse Insights explores annual deployments of energy access microgrid projects.
Microgrids offer energy to those who lack access to the traditional grid because they live in remote or underserved areas. According to a new report from Guidehouse Insights, Asia Pacific and Middle East & Africa currently lead the energy access microgrids market and are expected to continue leading the energy access across microgrids market through 2031. Revenue from microgrid investments in Asia Pacific will likely reach $7.7 billion by 2031, and microgrid revenue in Middle East & Africa is expected to reach $8.9 billion by 2031.
"One of the 17 critical Sustainable Developments Goals (SDG) adopted by the United Nations, is ensuring basic energy access for 100% of the global population by 2030 (SDG 7). Based on the current rate of progress, that goal will fall short by 670 million people, who will still be barred from participation in the global economy," says Rohith Unni, research analyst with Guidehouse Insights. "Novel energy management systems, innovative remote monitoring capabilities, and advances in smart meter and energy storage technologies have made microgrids the ideal solution for connecting underserved populations, cost effectively and sustainably."
Technological advances, falling prices for renewable energy (RE), and continued developments in energy storage have brought decentralized energy solutions, such as microgrids, into the mainstream, and offer potential for bringing socioeconomic progress to those who have not been connected to the traditional grid, according to the report.
The report, Market Data: Microgrids for Energy Access in Emerging Markets, provides global analyses for annual deployments of energy access microgrid projects in terms of power capacity (MW) and project deployment spending ($ Millions). These analyses, which cover the 10-year period from 2022-2031, are segmented by region, application segments and business models. An executive summary of the report is available for free download on the Guidehouse Insights website.
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today's rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team's research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
Guidehouse is a leading global provider of consulting services to the public sector and commercial markets, with broad capabilities in management, technology, and risk consulting. By combining our public and private sector expertise, we help clients address their most complex challenges and navigate significant regulatory pressures focusing on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that help our clients outwit complexity and position them for future growth and success. The company has over 15,000 professionals in over 55 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit www.guidehouse.com.
* The information contained in this press release concerning the report, Market Data: Microgrids for Energy Access in Emerging Markets, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report's conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
For more information, contact:
Cecile Fradkin for Guidehouse
+1.646.941.9139
[email protected]
SOURCE Guidehouse Insights | https://www.prnewswire.com/news-releases/guidehouse-insights-estimates-microgrid-investments-to-reach-8-billion-in-asia-pacific-and-9-billion-in-middle-east--africa-by-2031-301680814.html | 2022-11-17T11:38:28 | en | 0.912377 |
WASHINGTON (AP) — An Obama Foundation program that has trained hundreds of young leaders across Africa, the Asia-Pacific and Europe is being expanded to include the United States.
Former President Barack Obama is expected to announce the new program on Thursday during a two-day democracy forum the foundation is co-sponsoring in New York City.
The Obama Foundation Leaders United States program is a six-month leadership development program for emerging leaders between the ages of 24 and 45. The program will serve more than 100 leaders from the U.S. in its first year. Participants will be chosen through a competitive application process.
In remarks prepared for delivery on Thursday at the forum, Obama cites “consistently high interest” in the foundation’s programs as a reason for the expansion.
“The creativity, determination and passion of these leaders are already making an impact — in lives saved, environments restored, children educated,” he says. “They’re creating new models for clean energy generation and poverty alleviation. It’s remarkable and inspiring — and a little humbling, since I sure wasn’t making such an impact at their age.
“And the good news is, we’re just scratching the surface of what this next generation is capable of,” Obama says.
The Obama Foundation Leaders program has worked with more than 700 people in Africa, the Asia-Pacific and Europe since it was launched in 2018 after Obama, a Democrat, left the White House following two terms as president, according to the foundation.
Valerie Jarrett, a longtime Obama adviser, said the U.S. extension of the leaders program is a “continuation of our efforts to pay it forward by helping the next generation.”
The foundation, in partnership with Columbia University and the University of Chicago, is holding its first democracy forum in New York on Thursday and Friday. Democracy thinkers, leaders and activists from across the globe will discuss how to advance and strengthen democracy in the United States and abroad.
Obama is scheduled to close the first day of the forum with a speech and a conversation with a group of foundation leaders.
___
Follow the AP’s coverage of former President Barack Obama at https://apnews.com/hub/barack-obama. | https://www.wowktv.com/news/u-s-world/ap-obama-to-announce-expansion-of-young-leaders-program-to-us/ | 2022-11-17T11:38:34 | en | 0.95738 |
BROOKLYN, N.Y., Nov. 17, 2022 /PRNewswire/ -- As part of the $10 million award to Dollaride under the $85 million New York Clean Transportation Prizes program for the Clean Transit Access Program (CTAP), HEVO will initially supply 105 wireless EV charging stations to support safe, simple, and seamless charging of "dollar van" commuter fleets. Over 120,000 daily commuters, which would fill approximately 1,600 MTA buses, rely on a network of dollar vans to connect them to public transit hubs within the city. The $10 million CTAP prize, leveraged with financing from BlocPower, will fund the electrification of these fleets including the charging infrastructure from HEVO.
CTAP will provide several benefits to the dollar van industry and the communities that it serves, including (1) establishing wireless charging infrastructure at highly trafficked retail locations that will seamlessly charge wireless-enabled fleets at night, (2) simultaneously offering plugin charging infrastructure to local communities for charging during the day, and (3) generating charging revenue that will be equitably distributed among CTAP and community partners.
"Part of our mission is to make clean transportation universally accessible. By providing seamless wireless charging for CTAP drivers, we ensure a full charge every morning and simultaneously serve the community during the day with plugin charging using our hybrid wireless and plugin infrastructure," said Jeremy McCool, HEVO's Founder & CEO.
HEVO's award-winning Rezonant wireless charging hardware is the only charging solution on the market that offers wireless-equipped fleets with cord-free charging overnight and local community members with traditional plugin charging during the day. Notably, the development of this technology was supported by the New York State Energy Research and Development Authority (NYSERDA), which also administers the $85 million New York Clean Transportation Prizes program.
Mr. McCool noted: "CTAP allows HEVO to establish a future-proof wireless and plugin network in our home city of New York and ensure outer boroughs are not left behind during this transition to clean mobility. We are thrilled to be working with Dollaride, BlocPower, and Build Edison to make CTAP a reality."
Founded in 2011, HEVO Inc. is a Brooklyn-based company focused on dramatically improving the EV charging experience for all stakeholders. Our mission is to eliminate fossil fuel use in the transportation system and modernize the grid with wireless charging and software.
SOURCE HEVO | https://www.prnewswire.com/news-releases/hevo-awarded-largest-public-wireless-ev-charging-order-to-date-as-part-of-10m-clean-neighborhoods-challenge-to-bring-electric-transit-to-nycs-underserved-communities-301680670.html | 2022-11-17T11:38:34 | en | 0.939835 |
WASHINGTON (AP) — House Speaker Nancy Pelosi is expected to address her plans with colleagues on Thursday in the wake of Democrats narrowly losing control of the House to Republicans in the midterm elections.
Pelosi’s decision to either seek another term as the Democratic leader or to step aside has been widely anticipated. It would come after the party was able to halt an expected Republican wave in the House and Senate but also in the aftermath of a brutal attack on her husband, Paul, late last month in their San Francisco home.
“The Speaker plans to address her future plans tomorrow to her colleagues. Stay tuned,” Pelosi’s spokesman Drew Hammill tweeted late Wednesday. He did not provide additional information about the time or location of the announcement.
The speaker “has been overwhelmed by calls from colleagues, friends and supporters,” Hammill said, and noted that she had spent Wednesday evening monitoring election returns in the final states where ballots were still being counted.
The California Democrat, who rose to become the nation’s first woman to wield the speaker’s gavel, is a pivotal figure in U.S. politics.
By announcing her decision, Pelosi could launch a domino effect in House Democratic leadership ahead of internal party elections next month as Democrats reorganize for their new role as the minority party in the new Congress.
Pelosi’s leadership team, with Majority Leader Steny Hoyer of Maryland and Democratic Whip James Clyburn of South Carolina, has long moved as a triumvirate. Hoyer and Clyburn are also making decisions about their futures.
All now in their 80s, the three House Democratic leaders have faced restless colleagues eager for them to step aside and allow a new generation to take charge.
Democrats Rep. Hakeem Jeffries of New York, Rep. Katherine Clark of Massachusetts and Rep. Pete Aguilar of California have similarly moved as a trio at times, all working toward leadership roles themselves.
First elected to the House in 1987, Pelosi has long been ridiculed by Republicans as a San Francisco liberal while steadily rising as a skilled legislator and fundraising powerhouse. Her own Democratic colleagues have intermittently appreciated but also feared Pelosi’s powerful brand of leadership. | https://www.wowktv.com/news/u-s-world/ap-pelosi-to-announce-future-plans-after-gop-wins-house/ | 2022-11-17T11:38:40 | en | 0.974169 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in International Game Technology PLC ("IGT" or the "Company") (NYSE: IGT) of a class action securities lawsuit.
CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of IGT investors who were adversely affected by alleged securities fraud between March 16, 2018 and August 29, 2022. Follow the link below to get more information and be contacted by a member of our team:
https://www.zlk.com/pslra-1/igt-lawsuit-submission-form?prid=33772&wire=4
IGT investors may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
CASE DETAILS: The filed complaint alleges that defendants made false statements and/or concealed that: (i) IGT overstated its compliance with gaming and lottery laws and applicable regulations; (ii) IGT and/or one or more of its current and/or former subsidiaries engaged in illegal gambling operations; (iii) the foregoing conduct subjected the Company and/or its current and/or former subsidiaries to a heightened risk of litigation and significant related costs; (iv) the Company downplayed the full scope and severity of its financial exposure to, and/or liabilities in connection with, the lawsuit filed against IGT's subsidiary in April of 2018; and (v) as a result, the Company's public statements were materially false and misleading at all relevant times.
WHAT'S NEXT? If you suffered a loss in IGT during the relevant time frame, you have until December 13, 2022 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
NO COST TO YOU: If you are a class member, you may be entitled to compensation without payment of any out-of-pocket costs or fees. There is no cost or obligation to participate.
WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
55 Broadway, 10th Floor
New York, NY 10006
[email protected]
Tel: (212) 363-7500
Fax: (212) 363-7171
www.zlk.com
SOURCE Levi & Korsinsky, LLP | https://www.prnewswire.com/news-releases/igt-lawsuit-alert-levi--korsinsky-notifies-international-game-technology-plc-investors-of-a-class-action-lawsuit-and-upcoming-deadline-301680951.html | 2022-11-17T11:38:40 | en | 0.938565 |
CHISINAU, Moldova (AP) — Massive blackouts that temporarily hit more than a half-dozen cities across Moldova this week highlighted the impact Russia’s war in Ukraine is having on Europe’s poorest country.
The power outages happened Tuesday as the Russian military pounded infrastructure targets across Ukraine, which borders Moldova. Less than a week earlier, the European Union pledged 250 million euros (nearly $260 million) to help the former Soviet republic tackle a severe energy crisis after Russia halved its natural gas supply.
Moldova became a candidate for EU membership in June, on the same day neighboring Ukraine did.
“Every deadly bomb dropped on Ukrainian cities and energy infrastructure has direct consequences for the people of our country,” Moldovan Foreign Minister Nicu Popescu said after Russia’s latest missile strikes caused the electricity to go out across the border.
Moldova’s pro-Western president, Maia Sandu, said Moscow’s decision to cut her country’s gas supplies amounted to “political blackmail” and was an attempt to “cynically exploit people’s hardships” and to turn the country away from its path toward joining the EU.
The energy crisis was compounded when Transnistria — a Moscow-backed separatist region of Moldova with a key power plant and where Russia bases around 1,500 troops, nominally as “peacekeepers” — also cut electricity to other parts of the country.
In response, Moldovan authorities turned to another neighbor, Romania, which now supplies about 90% of the smaller nation’s electricity, according to Romanian Foreign Minister Bogdan Aurescu. But Moldova’s Soviet-era energy systems remain interconnected with Ukraine, which is why the Russian missile barrage triggered the automatic shutdown of a supply line and caused the lights to go out temporarily.
“For three decades, no government has built alternatives for electricity insurance,” which has kept Moldova “dependent on the power plant in the Transnistria region,” Sandu said Wednesday.
“Until then, we can bring electricity from Romania or other EU countries through Ukraine, and this creates major risks in a period of war,” she said.
Mihai Tirsu, director of the Energy Institute at the Technical University in Chisinau, Moldova’s capital, said that had a broader network of power lines been built since Moldova gained independence in 1991, “the system would have been much more stable and we would not have found ourselves in such situations.”
“We have to understand that energy flows go partly from Ukraine to Moldova, from Moldova to Ukraine,” Tirsu said, “They circulate from one side to another and when the flow disappears on one segment, it starts to overload other lines.”
Russia’s nearly nine-month-old war in Ukraine has had other troubling effects in landlocked Moldova, to where at some points it looked as though the conflict might spread.
Russian missiles have passed through Moldova’s airspace at other points in the war, and residents of one city were shaken up when missile debris landed there. In April, tensions soared in Transnistria after a series of mysterious explosions hit the breakaway region.
The country received scores of bomb threats at prominent public facilities such as the capital’s airport and the country’s supreme court in July and August. Along with energy insecurity and skyrocketing inflation, Moldova now is seeing frequent anti-government protests, which anti-corruption prosecutors allege are being funded at least partly by Russian money.
“The energy crisis puts Moldova in a very vulnerable situation,” Dionis Cenusa, an analyst at the Chisinau-based think tank Expert Group, told The Associated Press. “Despite its strategic reserves of gas and other preparations, there are implications related to the increase in the prices of energy sources.”
“Attention should be paid to the protection and functionality of critical infrastructure within Moldova and on the border with Ukraine.”
___
Stephen McGrath reported from Sighisoara, Romania.
___
Follow the AP’s coverage of the war in Ukraine: https://apnews.com/hub/russia-ukraine | https://www.wowktv.com/news/u-s-world/ap-russian-strikes-on-ukraine-spotlight-moldovas-energy-woes/ | 2022-11-17T11:38:46 | en | 0.956792 |
– Data Show Encouraging Signals for Vidofludimus Calcium for Preventing or Delaying Confirmed Disability Worsening –
– Virtual Multiple Sclerosis R&D Day to be Held Today, November 17, 2022 at 11:00 am ET –
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- Immunic, Inc. (Nasdaq: IMUX), a clinical-stage biopharmaceutical company developing a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases, today reported newly available data from its phase 2 EMPhASIS trial of lead asset, vidofludimus calcium (IMU-838), in relapsing-remitting multiple sclerosis (RRMS). Long-term open-label treatment with vidofludimus calcium was associated with a low rate of confirmed disability worsening over time, and compares favorably to historical trial data for currently available multiple sclerosis (MS) medications.
EMPhASIS is an international, multicenter, double-blind, placebo-controlled, randomized, parallel-group trial, designed to assess the efficacy and safety of vidofludimus calcium in patients with RRMS. The trial included a 24-week blinded main treatment period testing 10, 30 and 45 mg of vidofludimus calcium and placebo. In the third quarter of 2020, Immunic reported that the trial achieved both primary and key secondary endpoints with high statistical significance, with a safety and tolerability profile similar to placebo.
The trial also includes an optional long-term open-label extension (OLE) phase running up to 9.5 years. An interim analysis was performed with data extraction in October 2022, when 209 patients remained on treatment in the OLE phase, some of whom have already received more than 180 continuous weeks (approximately four years) of active treatment with vidofludimus calcium.
During the 24-week double-blind main treatment period, 12-week and 24-week Confirmed Disability Worsening (12w/24wCDW) events occurred in 1.6% of subjects in the combined vidofludimus calcium treatment arms as compared to 3.7% in the placebo group. In the OLE phase, the proportion of patients free from 12wCDW was 97.6% after 48 weeks and 94.5% after 96 weeks of vidofludimus calcium treatment as compared to the start of the OLE phase. Similar results were observed for 24wCDW and sustained CDW. The OLE phase also showed low relapse activity.
"The newly obtained data from our phase 2 EMPhASIS trial of vidofludimus calcium in RRMS patients demonstrate an encouraging signal in preventing 12-week and 24-week confirmed disability worsening events as compared to placebo during the double-blind treatment phase. In addition, only a few patients on continuous open-label treatment with vidofludimus calcium developed confirmed disability worsening events over a 2-year time frame, and those rates observed with vidofludimus calcium are on the lower end of those observed in historical trials with currently approved MS medications," stated Daniel Vitt, Ph.D., Chief Executive Officer and President of Immunic. "We look forward to receiving further, confirmatory data from our phase 3 ENSURE program in relapsing MS as well as our phase 2 CALLIPER trial in progressive MS. Our next MS-related data inflection point is an interim analysis for CALLIPER at the end of 2023 which will provide selected biomarker and functional data to guide study progress. If approved, we believe that vidofludimus calcium has the potential to be a unique treatment option targeted to the biology of MS with combined anti-inflammatory, antiviral, and neuroprotective effects."
Multiple Sclerosis R&D Webcast
Immunic will host a Multiple Sclerosis R&D Webcast today, November 17, 2022 at 11:00 am ET. During the event, Immunic will provide an update on the scientific, preclinical and clinical progress of vidofludimus calcium in MS. In addition to the above-mentioned new data from the EMPhASIS trial, the presentation will include an update the ongoing phase 3 ENSURE program in relapsing MS and the ongoing phase 2 CALLIPER trial in progressive MS, as well as the drug's potential strategic and commercial positioning in the MS landscape.
Moreover, three invited key opinion leaders will discuss recent scientific findings and their effect on the MS treatment landscape. The featured experts will be:
- Fred D. Lublin, M.D., Saunders Family Professor of Neurology, Director, The Corinne Goldsmith Dickinson Center for Multiple Sclerosis, Icahn School of Medicine, Mount Sinai Hospital, New York, NY, USA
- Dr. Lublin will discuss new data published in 2022 illustrating that relapse-independent worsening is responsible for approximately 50% of disability worsening in the relapsing phase of MS, and 100% in the progressive phase of MS (Lublin FD, et al. How patients with multiple sclerosis acquire disability. Brain. 2022 Sep 14;145(9):3147-3161).
- Lawrence Steinman, M.D., Professor of Neurology and Neurological Sciences, Pediatrics, and Genetics, Stanford University School of Medicine, Department of Neurology & Neurological Sciences, Stanford, CA, USA
- Dr. Steinman will present new data published in 2022 confirming the presence of cross-reactive antibodies between the Epstein-Barr virus (EBV) antigen EBNA1 and the central nervous system (CNS) protein GlialCAM found in the cerebrospinal fluid of MS patients (Robinson WH, Steinman L. Epstein-Barr virus and multiple sclerosis. Science. 2022 Jan 21;375(6578):264-265).
- Heinz Wiendl, M.D., Ph.D., Director Department of Neurology with Institute of Translational Neurology, University of Münster, Münster, Germany
- Dr. Wiendl will elaborate on new data published in 2022 showing that T cells in MS patients continuously recognize known EBV antigens not seen in a control group, consistent with an ongoing anti-EBV immune reaction in MS patients (Schneider-Hohendorf T, et al. Broader Epstein-Barr virus-specific T cell receptor repertoire in patients with multiple sclerosis. J Exp Med. 2022 Nov 7;219(11):e20220650).
Speakers from Immunic will be:
- Daniel Vitt, Ph.D., Chief Executive Officer and President
- Andreas Muehler, M.D., M.B.A., Chief Medical Officer
- Hella Kohlhof, Ph.D., Chief Scientific Officer
"We look forward to discussing the preclinical and clinical development progress of vidofludimus calcium at our MS R&D Day and would like to extend our thanks to Dr. Fred Lublin, Dr. Larry Steinman and Dr. Heinz Wiendl for joining the event," said Andreas Muehler, M.D., Chief Medical Officer of Immunic. "We are very excited that these three experts, the main authors of three major publications changing our pathophysiological understanding of MS, are part of this R&D Day. Dr. Lublin's analysis showed that there is a major component of disability worsening, even in early MS disease, that is independent of relapse and supports the notion that a smoldering, slowly progressing disease is an essential part of this disease. The publications by Dr. Steinman and Dr. Wiendl provide strong new evidence that EBV and related immune reactions may play a role during the course of the disease and may be hypothesized to contribute to a smoldering chronic infection. We believe that vidofludimus calcium, with its signal in preventing or delaying confirmed disability worsening seen in our phase 2 EMPhASIS trial and its well documented antiviral activity, including on EBV, is well positioned to address the newly highlighted mechanisms of disease progression."
Webcast Information
The MS R&D webcast will be held virtually via Zoom. To participate, please register in advance at: https://imux.zoom.us/webinar/register/WN_vVIraQmQTpG2dmAb8c9Qng.
Registrants will receive a confirmation email containing a link for online participation or a telephone number for dial in access.
An archived replay of the webcast will be available approximately one hour after completion on the "Events and Presentations" section of Immunic's website at: ir.imux.com/events-and-presentations.
About Vidofludimus Calcium (IMU-838)
Vidofludimus calcium is an investigational drug in development as an orally available, next-generation selective immune modulator that is designed to inhibit the intracellular metabolism of activated immune cells by blocking the enzyme dihydroorotate dehydrogenase (DHODH). Vidofludimus calcium has been observed in preclinical studies to act on activated T and B cells while leaving other immune cells largely unaffected and allows the immune system to stay functioning, e.g., in fighting infections. In previous trials, vidofludimus calcium did not show an increased rate of infections compared to placebo. In addition, DHODH inhibitors, such as vidofludimus calcium, are known to possess a host-based antiviral effect, which is independent with respect to specific virus proteins and their structure. Therefore, DHODH inhibition may be broadly applicable against multiple viruses. To date, vidofludimus calcium has been tested in more than 1,100 individuals and has shown an attractive pharmacokinetic, safety and tolerability profile. Vidofludimus calcium is not yet licensed or approved in any country.
About Immunic, Inc.
Immunic, Inc. (Nasdaq: IMUX) is a clinical-stage biopharmaceutical company with a pipeline of selective oral immunology therapies focused on treating chronic inflammatory and autoimmune diseases. The company is developing three small molecule products: its lead development program, vidofludimus calcium (IMU-838), a selective immune modulator that inhibits the intracellular metabolism of activated immune cells by blocking the enzyme DHODH and exhibits a host-based antiviral effect, is currently being developed as a treatment option for multiple sclerosis. IMU-935, a selective inverse agonist of the transcription factor RORγ/RORγt, is targeted for development in psoriasis, and castration-resistant prostate cancer. IMU-856, which targets the restoration of the intestinal barrier function, is targeted for development in diseases involving bowel barrier dysfunction. For further information, please visit: www.imux.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains "forward-looking statements" that involve substantial risks and uncertainties for purposes of the safe harbor provided by the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, included in this press release regarding strategy, future operations, future financial position, future revenue, projected expenses, sufficiency of cash, expected timing and results of clinical trials, prospects, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to Immunic's three development programs and the targeted diseases; the potential for vidofludimus calcium to safely and effectively target diseases; preclinical and clinical data for vidofludimus calcium; the timing of current and future clinical trials and anticipated clinical milestones; the nature, strategy and focus of the company and further updates with respect thereto; and the development and commercial potential of any product candidates of the company. Immunic may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Such statements are based on management's current expectations and involve substantial risks and uncertainties. Actual results and performance could differ materially from those projected in the forward-looking statements as a result of many factors, including, without limitation, the COVID-19 pandemic, increasing inflation, impacts of the Ukraine – Russia conflict on clinical trials, risks and uncertainties associated with the ability to project future cash utilization and reserves needed for contingent future liabilities and business operations, the availability of sufficient financial and other resources to meet business objectives and operational requirements, the fact that the results of earlier preclinical studies and clinical trials may not be predictive of future clinical trial results, the protection and market exclusivity provided by Immunic's intellectual property, risks related to the drug development and the regulatory approval process and the impact of competitive products and technological changes. A further list and descriptions of these risks, uncertainties and other factors can be found in the section captioned "Risk Factors," in the company's Annual Report on Form 10-K for the fiscal year ended December 31, 2021, filed with the SEC on February 24, 2022, and in the company's subsequent filings with the Securities and Exchange Commission. Copies of these filings are available online at www.sec.gov or ir.imux.com/sec-filings. Any forward-looking statement made in this release speaks only as of the date of this release. Immunic disclaims any intent or obligation to update these forward-looking statements to reflect events or circumstances that exist after the date on which they were made. Immunic expressly disclaims all liability in respect to actions taken or not taken based on any or all the contents of this press release.
Contact Information
Immunic, Inc.
Jessica Breu
Head of Investor Relations and Communications
+49 89 2080 477 09
[email protected]
US IR Contact
Rx Communications Group
Paula Schwartz
+1 917 633 7790
[email protected]
US Media Contact
KOGS Communication
Edna Kaplan
+1 617 974 8659
[email protected]
SOURCE Immunic, Inc. | https://www.prnewswire.com/news-releases/immunic-reports-new-data-from-phase-2-emphasis-trial-of-vidofludimus-calcium-in-relapsing-remitting-multiple-sclerosis-supporting-the-drugs-neuroprotective-potential-301681124.html | 2022-11-17T11:38:46 | en | 0.917423 |
ROGERS, Ark. (AP) _ America's Car-Mart Inc. (CRMT) on Wednesday reported fiscal second-quarter profit of $3.1 million.
The Rogers, Arkansas-based company said it had profit of 48 cents per share.
The auto retailer posted revenue of $351.8 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRMT at https://www.zacks.com/ap/CRMT | https://www.expressnews.com/business/article/America-s-Car-Mart-Fiscal-Q2-Earnings-Snapshot-17591424.php | 2022-11-17T11:38:51 | en | 0.890307 |
BAGHDAD (AP) — A fire broke out in Baghdad’s international airport Thursday for a second time in 48 hours, prompting Iraqi authorities to open an investigation.
The fire broke out at dawn on the ground floor of the airport’s VIP hall and caused some material damage but no human losses, according to an Iraqi military statement. The fire was put out by 16 civil defense brigades, according to the statement. Flights continued as scheduled.
The civil defense requested that an investigation be launched to determine the cause of the fire. Prime Minister Mohammed Shia al-Sudani visited the area. Al-Sudani assumed the premiership on Oct. 28.
An airport official said the fire had started in a section of the VIP hall reserved for the premier and spread to the hall from there. The official spoke on condition of anonymity because he was not authorized to brief the media about the ongoing investigation.
Thursday’s fire was the second to break out in the span of a week at the airport. On Tuesday, a fire broke out in its departure hall that temporarily suspended flights.
Since al-Sudani assumed power, an American living in Baghdad was shot and killed and Iran has launched missile attacks into the country’s north targeting Kurdish opposition groups. | https://www.wowktv.com/news/u-s-world/ap-second-fire-breaks-out-in-baghdad-airport-prompting-probe/ | 2022-11-17T11:38:52 | en | 0.956631 |
DUBLIN, Nov. 17, 2022 /PRNewswire/ -- The "Luxury Jewelry Market By Product Type, By Application, By Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global luxury jewelry market was valued at $21,751.6 million in 2021, and is projected to reach $40,190.7 million by 2031, registering a CAGR of 6.4% from 2022 to 2031. The necklaces segment was the highest revenue contributor to the market, and is estimated to reach $9,895.7 million by 2031, with a CAGR of 5.9%.
Luxury jewelry involves creation of jewelry using precious stones or metals. The products include in the luxury jewelry market are necklaces, rings, earnings, bracelets, and others.
Changes in lifestyle, rise in disposable income, an increase in the price of precious metal jewelry, an increase in fashion consciousness, and variations in packaging styles and appealing marketing strategies all contribute to the market's growth. However, factors impeding market growth include an increase in the price of raw materials used in luxury jewelry and the jewelry's limited period popularity.
Conversely, increased urbanization, design innovations, and a surge in demand for men's luxury jewelry provide potential opportunities for manufacturers to innovate and develop new products based on consumer preferences.
The COVID-19 pandemic had a significant impact on markets across all industries, with the number of COVID-19 cases increasing by the day. The virus outbreak also had an impact on luxury jewelry industry. As the lockdown continues, demand has fallen and losses have begun to rise. The lockdown, which was necessary in the interests of the people, occurred unexpectedly and in March, which is the end of the fiscal year, affecting targets and actual business. Moreover, March is the month in which the final bookkeeping is delayed, all of which has a significant impact on all businesses, including the luxury Jewelry market.
The global market is segmented into product type, application, distribution channel, and region. On the basis of product type, the market is classified into necklaces, rings, earrings, bracelets, and others. By application, it is bifurcated into men, women and children. As per distribution channel, it is categorized into online and offline. Region wise, it is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, UK, Italy, Spain, France, and the rest of Europe), Asia-Pacific (China, Japan, India, Australia, South Korea, and the rest of Asia-Pacific), and LAMEA (Brazil, Argentina, South Africa, United Arab Emirates, Saudi Arabia, and the rest of LAMEA).
The key players in the luxury jewelry market include Avon Products Inc., Chopard International SA, Giorgio Armani S.p.A, GRAFF, Guccio Gucci S.p.A., LVMH, MIKIMOTO, Pandora Jewelry, LLC, Prada S.p.A, Signet Jewelers Limited, Sukkhi Fashion Jewelry, Swarovski Group, Tanishq, Tribe Amrapali, and Youbella.
Key Benefits
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the luxury jewelry market analysis from 2021 to 2031 to identify the prevailing luxury jewelry market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the luxury jewelry market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global luxury jewelry market trends, key players, market segments, application areas, and market growth strategies.
Key Topics Covered:
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
3.1.Market definition and scope
3.2.Key findings
3.2.1.Top investment pockets
3.3.Porter's five forces analysis
3.4.Top player positioning
3.5.Market dynamics
3.5.1.Drivers
3.5.2.Restraints
3.5.3.Opportunities
3.6.COVID-19 Impact Analysis on the market
3.7.Market Share Analysis
CHAPTER 4: LUXURY JEWELRY MARKET, BY PRODUCT TYPE
4.1 Overview
4.1.1 Market size and forecast
4.2 Necklaces
4.2.1 Key market trends, growth factors and opportunities
4.2.2 Market size and forecast, by region
4.2.3 Market analysis by country
4.3 Ring
4.3.1 Key market trends, growth factors and opportunities
4.3.2 Market size and forecast, by region
4.3.3 Market analysis by country
4.4 Earrings
4.4.1 Key market trends, growth factors and opportunities
4.4.2 Market size and forecast, by region
4.4.3 Market analysis by country
4.5 Bracelets
4.5.1 Key market trends, growth factors and opportunities
4.5.2 Market size and forecast, by region
4.5.3 Market analysis by country
4.6 Others
4.6.1 Key market trends, growth factors and opportunities
4.6.2 Market size and forecast, by region
4.6.3 Market analysis by country
CHAPTER 5: LUXURY JEWELRY MARKET, BY APPLICATION
5.1 Overview
5.1.1 Market size and forecast
5.2 Men
5.2.1 Key market trends, growth factors and opportunities
5.2.2 Market size and forecast, by region
5.2.3 Market analysis by country
5.3 Women
5.3.1 Key market trends, growth factors and opportunities
5.3.2 Market size and forecast, by region
5.3.3 Market analysis by country
5.4 Children
5.4.1 Key market trends, growth factors and opportunities
5.4.2 Market size and forecast, by region
5.4.3 Market analysis by country
CHAPTER 6: LUXURY JEWELRY MARKET, BY DISTRIBUTION CHANNEL
6.1 Overview
6.1.1 Market size and forecast
6.2 Online
6.2.1 Key market trends, growth factors and opportunities
6.2.2 Market size and forecast, by region
6.2.3 Market analysis by country
6.3 Offline
6.3.1 Key market trends, growth factors and opportunities
6.3.2 Market size and forecast, by region
6.3.3 Market analysis by country
CHAPTER 7: LUXURY JEWELRY MARKET, BY REGION
CHAPTER 8: COMPANY LANDSCAPE
8.1. Introduction
8.2. Top winning strategies
8.3. Product Mapping of Top 10 Player
8.4. Competitive Dashboard
8.5. Competitive Heatmap
8.6. Key developments
CHAPTER 9: COMPANY PROFILES
9.1 Avon Products Inc
9.1.1 Company overview
9.1.2 Company snapshot
9.1.3 Operating business segments
9.1.4 Product portfolio
9.1.5 Business performance
9.1.6 Key strategic moves and developments
9.2 Chopard International SA
9.2.1 Company overview
9.2.2 Company snapshot
9.2.3 Operating business segments
9.2.4 Product portfolio
9.2.5 Business performance
9.2.6 Key strategic moves and developments
9.3 Giorgio Armani S.p.A
9.3.1 Company overview
9.3.2 Company snapshot
9.3.3 Operating business segments
9.3.4 Product portfolio
9.3.5 Business performance
9.3.6 Key strategic moves and developments
9.4 GRAFF
9.4.1 Company overview
9.4.2 Company snapshot
9.4.3 Operating business segments
9.4.4 Product portfolio
9.4.5 Business performance
9.4.6 Key strategic moves and developments
9.5 Guccio Gucci S.p.A
9.5.1 Company overview
9.5.2 Company snapshot
9.5.3 Operating business segments
9.5.4 Product portfolio
9.5.5 Business performance
9.5.6 Key strategic moves and developments
9.6 LVMH
9.6.1 Company overview
9.6.2 Company snapshot
9.6.3 Operating business segments
9.6.4 Product portfolio
9.6.5 Business performance
9.6.6 Key strategic moves and developments
9.7 MIKIMOTO
9.7.1 Company overview
9.7.2 Company snapshot
9.7.3 Operating business segments
9.7.4 Product portfolio
9.7.5 Business performance
9.7.6 Key strategic moves and developments
9.8 Prada S.p.A
9.8.1 Company overview
9.8.2 Company snapshot
9.8.3 Operating business segments
9.8.4 Product portfolio
9.8.5 Business performance
9.8.6 Key strategic moves and developments
9.9 Signet Jewelers Limited
9.9.1 Company overview
9.9.2 Company snapshot
9.9.3 Operating business segments
9.9.4 Product portfolio
9.9.5 Business performance
9.9.6 Key strategic moves and developments
9.10 Sukkhi Fashion Jewelry
9.10.1 Company overview
9.10.2 Company snapshot
9.10.3 Operating business segments
9.10.4 Product portfolio
9.10.5 Business performance
9.10.6 Key strategic moves and developments
9.11 Swarovski Group
9.11.1 Company overview
9.11.2 Company snapshot
9.11.3 Operating business segments
9.11.4 Product portfolio
9.11.5 Business performance
9.11.6 Key strategic moves and developments
9.12 Tanishq
9.12.1 Company overview
9.12.2 Company snapshot
9.12.3 Operating business segments
9.12.4 Product portfolio
9.12.5 Business performance
9.12.6 Key strategic moves and developments
9.13 Tribe Amrapali
9.13.1 Company overview
9.13.2 Company snapshot
9.13.3 Operating business segments
9.13.4 Product portfolio
9.13.5 Business performance
9.13.6 Key strategic moves and developments
9.14 Youbella
9.14.1 Company overview
9.14.2 Company snapshot
9.14.3 Operating business segments
9.14.4 Product portfolio
9.14.5 Business performance
9.14.6 Key strategic moves and developments
For more information about this report visit https://www.researchandmarkets.com/r/tjxji4
Media Contact:
Research and Markets
Laura Wood, Senior Manager
[email protected]
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SOURCE Research and Markets | https://www.prnewswire.com/news-releases/insights-on-the-luxury-jewelry-global-market-to-2031---by-product-type-application-distribution-channel-and-region-301681275.html | 2022-11-17T11:38:52 | en | 0.849541 |
HAMILTON, Bermuda (AP) _ Borr Drilling Ltd. (BORR) on Thursday reported a loss of $54.9 million in its third quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 30 cents. Losses, adjusted for asset impairment costs, were 26 cents per share.
The oilfield services company posted revenue of $107.9 million in the period.
Borr Drilling shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BORR at https://www.zacks.com/ap/BORR | https://www.expressnews.com/business/article/Borr-Drilling-Q3-Earnings-Snapshot-17591427.php | 2022-11-17T11:38:57 | en | 0.957085 |
Starbucks workers at more than 100 U.S. stores say they’re going on strike Thursday in what would be the largest labor action since a campaign to unionize the company’s stores began late last year.
The walkouts are scheduled to coincide with Starbucks’ annual Red Cup Day, when the company gives free reusable cups to customers who order a holiday drink. Workers say it’s often one of the busiest days of the year. Starbucks declined to say how many red cups it plans to distribute.
Workers say they’re seeking better pay, more consistent schedules and higher staffing levels in busy stores. Starbucks opposes the unionization effort, saying the company functions best when it works directly with employees. The Seattle coffee giant has more than 9,000 company-owned stores in the U.S.
Stores in 25 states planned to take part in the labor action, according to Starbucks Workers United, the group organizing the effort. Some workers planned to picket all day while others planned shorter walkouts. The union said the goal is to shut the stores down during the walkouts.
Willow Montana, a shift manager at a Starbucks store in Brighton, Massachusetts, planned to strike because Starbucks hasn’t begun bargaining with the store despite a successful union vote in April.
“If the company won’t bargain in good faith, why should we come to work where we are understaffed, underpaid and overworked?” Montana said.
Others, including Michelle Eisen, a union organizer at one of the first stores to organize in Buffalo, New York, said workers are angry that Starbucks promised higher pay and benefits to non-union stores. Starbucks says it is following the law and can’t give union stores pay hikes without bargaining.
At least 257 Starbucks stores have voted to unionize since late last year, according to the National Labor Relations Board. Fifty-seven stores have held votes where workers opted not to unionize.
Starbucks and the union have begun contract talks at 53 stores, with 13 additional sessions scheduled, Starbucks Workers United said. No agreements have been reached so far.
The process has been contentious. Earlier this week, a regional director with the NLRB filed a request for an injunction against Starbucks in federal court, saying the company violated labor law when it fired a union organizer in Ann Arbor, Michigan. The regional director asked the court to direct Starbucks to reinstate the employee and stop interfering in the unionization campaign nationwide.
It was the fourth time the NLRB has asked a federal court to intervene. In August, a federal judge ruled that Starbucks had to reinstate seven union organizers who were fired in Memphis, Tennessee. A similar case in Buffalo has yet to be decided, while a federal judge ruled against the NLRB in a case in Phoenix.
Meanwhile, Starbucks has asked the NLRB to temporarily suspend all union elections at its U.S. stores, citing allegations from a board employee that regional officials improperly coordinated with union organizers. A decision in that case is pending. | https://www.wowktv.com/news/u-s-world/ap-starbucks-workers-plan-strikes-at-more-than-100-us-stores/ | 2022-11-17T11:38:58 | en | 0.954598 |
JA Solar will supply PV modules for the first PV and waste-to-energy plant in the Republic of Congo
BEIJING, Nov. 17, 2022 /PRNewswire/ -- Recently, JA Solar announced that it will supply modules for IGNIE 2021-2046, the first renewable hybrid power plant and the first photovoltaic (PV) and waste-to-energy plant, in the IGNIE special economic zone in the Republic of Congo. The project includes a PV energy storage plant of more than 55 MWp and a waste-to-energy plant with a daily waste treatment capacity of 500 tonnes at the start. The PV power plant will be installed with JA Solar DeepBlue 3.0 modules. Once completed, the project, designed by TINDA CASH CONGO S.A Producer IPP, will play an important role in strengthening the energy production capacities of the national electricity company E2C, and will contribute to the economic, social and environmental sustainability of the SEZ of IGNIE.
A.Th.Nicephore FYLLA Saint-eudes, the Minister of Industrial Development and Promotion of the Private Sector of Congo, attended and witnessed the signing ceremony. He expressed congratulations and encouragement to the two parties who signed the agreement, hoping the project will be completed as soon as possible and play a positive role in promoting low-carbon green development in the region.
DeepBlue 3.0, advanced PV modules manufactured by JA Solar, were launched by the company in May 2020. The products' cumulative shipments worldwide from 2020 until June 2022 totaled 24 GW. In order to meet changing market demands, JA Solar continuously strives to improve the power generation performance of PV modules through strengthening its own technical research and innovation. In May 2022, JA Solar launched its first product in the n-type PV module market, DeepBlue 4.0 X. Carrying not only the performance advantages of DeepBlue 3.0, DeepBlue 4.0 X exhibits higher efficiency, higher power, stronger power generation capability and excellent reliability. Both the DeepBlue 3.0 and DeepBlue 4.0 X truly exemplify JA Solar's product design philosophy of being "tailored to enhance customer value".
SOURCE JA Solar Technology Co., Ltd. | https://www.prnewswire.com/news-releases/ja-solar-will-supply-pv-modules-for-the-first-pv-and-waste-to-energy-plant-in-the-republic-of-congo-301681383.html | 2022-11-17T11:38:58 | en | 0.912076 |
MIGDAL HAEMEK, Israel (AP) _ Camtek Ltd. (CAMT) on Thursday reported third-quarter net income of $20.7 million.
On a per-share basis, the Migdal Haemek, Israel-based company said it had net income of 43 cents. Earnings, adjusted for stock option expense, came to 48 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The maker of automatic optical inspection and process enhancement systems posted revenue of $82 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $82.3 million.
Camtek shares have dropped 46% since the beginning of the year. The stock has decreased 48% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAMT at https://www.zacks.com/ap/CAMT | https://www.expressnews.com/business/article/Camtek-Q3-Earnings-Snapshot-17591518.php | 2022-11-17T11:39:03 | en | 0.930908 |
ANKARA, Turkey (AP) — Turkish security forces have detained a suspect wanted in connection with the deadly bombing in Istanbul in an operation in a Turkish-controlled area in northwestern Syria, Turkey’s state-run news agency reported.
Other suspects detained following the bombing will appear before court officials on Thursday to face possible charges or be released from custody.
The suspect, identified by his code-name “Husam” was apprehended by Turkish police late Wednesday in the Syrian city of Azaz, which is currently under the control of the Turkey-backed Syrian opposition, the Anadolu Agency reported. He was being taken to Istanbul for questioning.
His detention raised the number of suspects under custody in connection with the bombing to 51.
Sunday’s explosion targeted Istanbul’s bustling Istiklal Avenue — a popular thoroughfare lined with shops and restaurants — and left six people dead, including two children. Seven dozen others were wounded in the attack that came as a stark reminder of bombings in Turkish cities between 2015 and 2017, crushing the public’s sense of security.
Turkish authorities blamed the attack on the outlawed Kurdistan Workers’ Party, or PKK, as well as Syrian Kurdish groups affiliated with it. The Kurdish militants groups have, however, denied involvement.
Anadolu said “Husam” is suspected of aiding and abetting a Syrian woman who is accused of leaving a TNT-laden bomb at Istiklal. Police said the woman, identified as Ahlam Albashir, had crossed into Turkey from Syria illegally and has admitted to carrying out the attack.
Albashir and 49 others were taken to a courthouse in Istanbul on Thursday for questioning by court officials following routine medical checks, Anadolu said.
The PKK has fought an armed insurgency in Turkey since 1984. The conflict has killed tens of thousands of people since then.
Ankara and Washington both consider the PKK a terror group, but disagree on the status of the Syrian Kurdish groups, which have been allied with the U.S. in the fight against the Islamic State group in Syria. | https://www.wowktv.com/news/u-s-world/ap-turkey-detains-suspect-linked-to-istanbul-bombing-in-syria/ | 2022-11-17T11:39:04 | en | 0.973431 |
HOUSTON, Nov. 17, 2022 /PRNewswire/ -- KBR (NYSE: KBR) announced today that BP Exploration (Shah Deniz) Limited has awarded an optimization stage engineering services contract to SOCAR-KBR (SKLLC) for the Shah Deniz compression project in the Azerbaijan sector of the Caspian Sea. The project is in early pre-FID stage.
SOCAR-KBR is a joint venture of Azerbaijan's state oil company, SOCAR, and KBR.
The Shah Deniz compression platform project will be the first in the Caspian region to feature crewless operations, delivering unprecedented process optimization through cutting-edge, high-end technology.
Under the contract, SOCAR-KBR will support optimization and provide class-3 engineering services. Scope also includes engineering to enable integration of the new platform to the existing system and provide shore power to reduce the carbon footprint in support of BP's net-zero targets.
KBR recently completed the initial assessment for the flagship project using their proprietary KMIT (KBR Maintenance Information Tool) to provide detailed estimates of timing and resourcing of maintenance.
"We look forward to working with BP to achieve their goals of introducing novel, crewless operations to the region, while also lowering their carbon footprint, reducing operating costs, and eliminating personnel risks associated with such projects," said Jay Ibrahim, president of KBR's Sustainable Technology Solutions business. "KBR's technical innovation is paving the way for clients to more easily navigate their energy transition journey toward net zero."
KBR is a leader in energy transition and has extensive experience supporting sustainable energy projects across the globe. Read more about KBR's approach to solving the energy trilemma on KBR.com.
We deliver science, technology and engineering solutions to governments and companies around the world. KBR employs approximately 28,000 people performing diverse, complex and mission critical roles in 34 countries.
KBR is proud to work with its customers across the globe to provide technology, value-added services, and long- term operations and maintenance services to ensure consistent delivery with predictable results. At KBR, We Deliver.
Visit www.kbr.com
The statements in this press release that are not historical statements, including statements regarding future financial performance, are forward-looking statements within the meaning of the federal securities laws. These statements are subject to numerous risks and uncertainties, many of which are beyond the company's control that could cause actual results to differ materially from the results expressed or implied by the statements. These risks and uncertainties include, but are not limited to: the significant adverse impacts on economic and market conditions of the COVID-19 pandemic and the company's ability to respond to the resulting challenges and business disruption; the recent dislocation of the global energy market; the company's ability to manage its liquidity; the outcome of and the publicity surrounding audits and investigations by domestic and foreign government agencies and legislative bodies; potential adverse proceedings by such agencies and potential adverse results and consequences from such proceedings; changes in capital spending by the company's customers; the company's ability to obtain contracts from existing and new customers and perform under those contracts; structural changes in the industries in which the company operates; escalating costs associated with and the performance of fixed-fee projects and the company's ability to control its cost under its contracts; claims negotiations and contract disputes with the company's customers; changes in the demand for or price of oil and/or natural gas; protection of intellectual property rights; compliance with environmental laws; changes in government regulations and regulatory requirements; compliance with laws related to income taxes; unsettled political conditions, war and the effects of terrorism; foreign operations and foreign exchange rates and controls; the development and installation of financial systems; the possibility of cyber and malware attacks; increased competition for employees; the ability to successfully complete and integrate acquisitions; and operations of joint ventures, including joint ventures that are not controlled by the company.
The company's most recently filed Annual Report on Form 10-K, any subsequent Form 10-Qs and 8-Ks, and other U.S. Securities and Exchange Commission filings discuss some of the important risk factors that the company has identified that may affect its business, results of operations and financial condition. Except as required by law, the company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
SOURCE KBR, Inc. | https://www.prnewswire.com/news-releases/kbr-joint-venture-selected-to-deliver-first-unmanned-compression-platform-in-azerbaijan-caspian-region-301680745.html | 2022-11-17T11:39:04 | en | 0.947177 |
BUENOS AIRES, Argentina (AP) _ Despegar.com Corp. (DESP) on Thursday reported a loss of $9.3 million in its third quarter.
The Buenos Aires, Argentina-based company said it had a loss of 21 cents per share.
The online travel company posted revenue of $145.6 million in the period.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DESP at https://www.zacks.com/ap/DESP | https://www.expressnews.com/business/article/Despegar-com-Q3-Earnings-Snapshot-17591507.php | 2022-11-17T11:39:09 | en | 0.921498 |
LONDON (AP) — Pledging to face an economic storm, Britain’s new government is set to offer an emergency budget featuring tens of billions in spending cuts and tax increases Thursday as it seeks to restore the U.K.’s economic credibility and patch up the nation’s battered finances.
Just three weeks after taking office, Prime Minister Rishi Sunak faces the challenge of balancing the nation’s budget while helping millions of people slammed by a cost-of-living crisis as Russia’s war in Ukraine pushes up energy prices and slows economic growth.
“Today’s statement will help deliver the long-term stability this country needs,” Sunak promised in a promotional video released ahead of the statement.
Treasury chief Jeremy Hunt will deliver the plan for tackling a sputtering economy in a speech to the House of Commons. He is expected to announce 30 billion pounds ($36 billion) in spending cuts and 24 billion pounds in tax increases, British media reported.
He is likely to announce an expansion of a tax on the windfall profits of energy companies to help consumers grappling with higher natural gas and electricity bills. The government also may delay plans to raise the thresholds for higher income tax brackets. That would increase revenue from individual taxpayers as their pay brackets rise with inflation.
The emergency budget statement aims to restore the government’s financial and political credibility after former Prime Minister Liz Truss announced 45 billion pounds ($53 billion) in unfunded tax cuts that torpedoed investor confidence, sent the pound to record lows against the U.S. dollar and sparked emergency central bank intervention. Truss was forced to resign six weeks after taking office.
The government will struggle to meet all of the competing demands, said Torsten Bell, chief executive of the Resolution Foundation, a think tank that seeks to improve the living standards of low- and middle-income people.
“The uncomfortable reality is that unless global energy price rises reverse, we will remain poorer as a country than we’d hoped to be,” Bell wrote this week. “The world is as it is, not as we would like it to be, but the question is how well we wrestle with that reality.”
That means grappling with the demands of nurses, police officers, border guards and civil servants who are all clamoring for pay increases after inflation accelerated to a 41-year high of 11.1% in October. Welfare recipients and pensioners also are looking for higher payments, and low-income families are calling for an expansion of the free school lunch program.
But resources are limited, with Sunak facing a budget shortfall of at least 40 billion pounds ($47 billion).
Hunt will reiterate his commitment to fairness as the government balances its books, “ensuring support for the most vulnerable and seeing that those with the broadest shoulders bear the heaviest load,” the Treasury said in a statement.
Among those who need help the most are Magdelena Prosenic, a single mom who described her struggles feeding her two young children as she waited in line Wednesday at a community food pantry in south London.
“I really hope there is a cap for the rising costs,” she said. “It’s too much. I mean the money is staying the same, but the costs are way higher.”
The budget comes against a grim backdrop, with the war in Ukraine, aftershocks from the COVID-19 pandemic and the economic strains of Britain’s exit from the European Union all weighing on the U.K. economy.
Economic output shrank by 0.2% in the third quarter, and the Bank of England predicted a recession that could last as long as two years. The government also is paying the price for the unfunded tax cuts announced by Truss, which damaged Britain’s reputation for financial discipline and boosted government borrowing costs.
Hunt and Sunak, who replaced Truss as Conservative Party leader and prime minister last month, have reversed most of Truss’ policies, while pledging that the government will pay its bills and start reducing debts built up over the past 15 years.
U.K. public debt ballooned to almost 83% of economic output in 2017 from less than 36% in 2007 as the government bailed out banks and struggled to bolster the economy. A decade of budget tightening had started to reduce the burden when the COVID-19 pandemic and war in Ukraine pushed debt to 98% of gross domestic product. That is the highest since 1963, when Britain was still recovering from World War II.
But some economists caution against moving too fast to reduce government debt at a time when rising food, energy and housing costs are set to wipe out the savings of a fifth of British households.
Now that most of Truss’ policies have been reversed, the government should be able to close the remaining budget shortfall with “relatively small” policy adjustments that won’t jeopardize investment needed to spur economic growth, according to a report from the independent National Institute for Social and Economic Research.
“The bigger danger now is that we decide collectively to demonstrate fiscal credibility by adopting an excessively restrictive fiscal policy and limit support for poor households or rein in critically important elements of public investment,” institute Director Jagjit Chadha said in the report.
Prosenic, the single mom, knows the pain of this first hand. She stood in line at the food pantry that offers discounted essentials to dozens of families, hoping to do what she could for her baby and 3-year-old.
For 5 pounds, people can buy 20 items of fresh fruit, vegetables and essential items like tinned beans and pasta. But items like eggs, which have shot up in price, are in high demand, and there’s only enough for those who come early.
“We are on benefits, but it’s hard to provide for two children without help,” Prosenic said. “The kids need fruit, they need nappies and formula.”
Anna Sjovorr-Packham, who runs the pantry, said the numbers of families buying food from them is creeping up “slowly but steadily.” And the cold winter months are coming, when families need to spend more on heating.
“I think there was once an idea that people who access food pantries may need the service as a last-case scenario — there may be a stigma about the type of person,” she said. “But now the pantries are definitely utilized by everybody.” | https://www.wowktv.com/news/u-s-world/ap-uk-unveils-emergency-budget-amid-big-demands-but-little-cash/ | 2022-11-17T11:39:10 | en | 0.965789 |
Lion Announces Hong Kong Virtual Asset Trading Platform License Application, to Strengthen Digital Business Footprint
HONG KONG, Nov. 17, 2022 /PRNewswire/ -- Lion Group Holding Ltd. ("Lion" or "The Group") (NASDAQ: LGHL), operator of an all-in-one trading platform that offers a wide spectrum of products and services as well as a developer of new growth products including SPAC sponsorship, NFT and metaverse-related initiatives, today announced that the Group will formally apply to the Securities and Futures Commission of Hong Kong ("Hong Kong SFC") for a Virtual Asset Trading Platform (VATP) license ("SFC Type 7 license") to further expand its digital business footprint.
Presently, Hong Kong is establishing a standardized global virtual asset (VA) trading market. According to the Hong Kong SFC's position paper on the regulation of VA trading platforms in Hong Kong, issued in 2019, a firm that operates a centralized VA trading platform in Hong Kong and intends to offer trading of at least one security token on this platform may apply for a license from the SFC to conduct regulated activities, Type 1 (dealing in securities) and Type 7 (providing automated trading services (ATS)). In particular, VAs are digital representations of value which may be in the form of digital tokens (such as digital currencies, utility tokens or security or asset-backed tokens), any other virtual commodities, crypto assets or other assets of essentially the same nature, irrespective of whether they constitute "securities" or "futures contracts" as defined under the Securities and Futures Ordinance.
A SFC Type 7 (ATS provider) license will allow the Group to provide customers with automated financial services covering multiple industries including securities, futures, foreign exchange, bonds and other financial products. The requirements for this license are more stringent than other financial service licenses given the high technological content of the industry and the involvement of VA transactions. Currently, only two companies have been approved by the Hong Kong SFC for this licensing, and there is no doubt that the first compliant virtual trading platform should witness broad development opportunities.
Lion remains focused on cultivation in Hong Kong and Singapore, which are both global financial centers and also competing global virtual asset hubs. With a commitment to create an extremely complete compliance trading system guarantee for customers, Lion always upholds the concept of license first. Up to now, Lion Group holds various licenses, including SFC Type 1 (dealing in securities), Type 2 (dealing in futures contracts), Type 4 (advising on securities), Type 5 (advising on futures contracts), and Type 9 (asset management) licenses issued by the Hong Kong SFC, the Capital Markets Service (CMS) license issued by the Monetary Authority of Singapore , Full Securities Investment Business License issued by Cayman Islands Monetary Authority (CIMA) as well as a Crypto License from the Dubai Multi Commodities Centre (DMCC). The Group's VATP license application in Hong Kong will enable Lion Group to further expand in the fintech sector and opens new revenue opportunities.
Mr. Wang Chunning (Wilson), CEO of Lion Group Holding Ltd, said, "Lion not only has a unique financial innovation business model, but also holds a competitive edge when it comes to compliance, with a complete array of operating licenses for its financial activities. Our Lion World metaverse project and our "MetaWords" NFT project developed early-on in collaboration with world-renowned artist Xu Bing, were all breakthroughs at the frontier of digital innovation."
"After successfully obtaining the SFC Type 7 VA trading license from the Hong Kong SFC, Lion will meet the relevant compliance requirements making it eligible as a VATP. Lion will not only provide professional investors with automated trading services such as encrypted digital transactions and other innovative digital assets, but also allow customers access to the digital assets market with greater convenience whilst meeting compliance requirements."
"In the future, we will continue to expand the scope of financial technology, including but not limited to areas such as VAs, ESG, and Web3.0. We will strive to both contribute and promote the high-speed construction and high-quality sustainable development of the financial digital ecological business system, while delivering meaningful value growth for our shareholders."
About Lion
Lion Group Holding Ltd. (Nasdaq: LGHL) operates an all-in one, state-of-the-art trading platform that offer a wide spectrum of products and services, including (i) Total Return Service (TRS) Trading, (ii) Contract-for-difference (CFD) trading, (iii) Insurance Brokerage and (iv) Futures and Securities Brokerage.
In addition, Lion owns a professional and experienced SPAC sponsorship team to become a leader in the SPAC arena, helping guide private companies through their listing journey while creating value for Lion itself. Lion is also committed to building the world's top one-stop, cross-chain, high-expansion non-fungible token (NFT) trading marketplace as well as operating and managing innovative projects in areas such as the Metaverse, Web 3.0, and ESG through advanced technology research and development.
Contacts
Lion Group Holding
Tel: +852 2820 9011
Email: [email protected]
ICR, LLC
William Zima
Tel: +1 203 682 8233
Email: [email protected]
SOURCE Lion Group Holding Ltd. | https://www.prnewswire.com/news-releases/lion-announces-hong-kong-virtual-asset-trading-platform-license-application-to-strengthen-digital-business-footprint-301681173.html | 2022-11-17T11:39:11 | en | 0.920479 |
NEW YORK, Nov. 17, 2022 /PRNewswire/ -- The "Low Code Development Platform Market by Product (Platform and Services) and Geography (North America, APAC, Europe, South America, and Middle East and Africa) - Forecast and Analysis 2022-2026" report has been added to Technavio's offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the low code development platform market size between 2021 and 2026 is USD 35.73 billion. To get the exact yearly growth variance and the Y-O-Y growth rate, Request a FREE PDF Sample Report.
Market Segmentation
The platform segment will be a significant contributor to market growth during the forecast period. Platforms help develop applications to implement the best practices for customer service and assess the performance of key metrics, such as ad-campaign effectiveness, market attribution, and return on investment (RoI) and check the performance of the sales force in sales and marketing organizations.
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North America will be the leading region with 48% of the market's growth during the forecast period. The US is the key country for the low code development platform market in North America.
View our FREE PDF Sample Report for additional insights into the contribution of all the segments and regional opportunities in the report
Some Companies Mentioned with their Offerings
- Appian Corp. - The company offers a low code development platform for designing enterprise-ready apps; building UIs; and integrating people, technologies, data, and systems into a single workflow.
- Betty Blocks BV - The company offers a low code development platform to rapidly develop solutions for transforming business processes and meeting ever-changing customer needs.
- Mendix Technology BV - The company offers a low code development platform that enables faster software development by abstracting and automating the development process.
- Microsoft Corp. - The company offers a low code development platform to build business apps faster and at a lower cost with Power Apps and Azure.
- Oracle Corp. - The company offers a low code development platform under the brand name APEX, which enables users to build enterprise apps faster than traditional hand coding.
- OutSystems Software em Rede SA - The company offers low code development platforms that are visual, model-driven, AI-powered, and cloud-native for developing enterprise applications.
- AgilePoint Inc.
- Aura Difusion SL
- CREATIO EMEA Ltd.
- Cybozu Inc.
- Fujitsu Ltd.
- Idera Inc.
- Magic Software Enterprises Ltd.
- Netcall plc
- Newgen Software Technologies Ltd.
- Nintex Global Ltd.
- Pegasystems Inc.
- Pramati Software Pvt. Ltd.
- Quickbase Inc.
- Salesforce.com Inc.
- ServiceNow Inc.
- Skuid Inc.
- Thinkwise Innovation B.V.
- TrackVia Inc.
- Tyler Technologies Inc.
- Zoho Corp. Pvt. Ltd.
This report provides a full list of key vendors, their strategies, and the latest developments. Buy Now for detailed vendor information
Key Market Dynamics
The pricing strategies of vendors and the growing need for rapid customization are some of the key market drivers. However, factors such as low skillsets in emerging economies will challenge market growth.
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Browse Information Technology Market Reports
Key Topics Covered
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Platform - Market size and forecast 2021-2026
- Exhibit 28: Chart on Platform - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Platform - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Platform - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Platform - Year-over-year growth 2021-2026 (%)
- 5.4 Services - Market size and forecast 2021-2026
- Exhibit 32: Chart on Services - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Services - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Services - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Services - Year-over-year growth 2021-2026 (%)
- 5.5 Market opportunity by Product
- Exhibit 36: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 37: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 38: Chart on Market share by geography 2021-2026 (%)
- Exhibit 39: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 40: Chart on Geographic comparison
- Exhibit 41: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 42: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 43: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 44: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 45: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 APAC - Market size and forecast 2021-2026
- Exhibit 46: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.5 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 54: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 62: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 China - Market size and forecast 2021-2026
- Exhibit 66: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 70: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 74: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 78: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 82: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 83: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 84: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 85: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 86: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 87: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 88: Matrix on vendor position and classification
- 10.3 Appian Corp.
- Exhibit 89: Appian Corp. - Overview
- Exhibit 90: Appian Corp. - Product / Service
- Exhibit 91: Appian Corp. - Key news
- Exhibit 92: Appian Corp. - Key offerings
- 10.4 Betty Blocks BV
- Exhibit 93: Betty Blocks BV - Overview
- Exhibit 94: Betty Blocks BV - Product / Service
- Exhibit 95: Betty Blocks BV - Key offerings
- 10.5 Mendix Technology BV
- Exhibit 96: Mendix Technology BV - Overview
- Exhibit 97: Mendix Technology BV - Product / Service
- Exhibit 98: Mendix Technology BV - Key offerings
- 10.6 Microsoft Corp.
- Exhibit 99: Microsoft Corp. - Overview
- Exhibit 100: Microsoft Corp. - Business segments
- Exhibit 101: Microsoft Corp. - Key news
- Exhibit 102: Microsoft Corp. - Key offerings
- Exhibit 103: Microsoft Corp. - Segment focus
- 10.7 Oracle Corp.
- Exhibit 104: Oracle Corp. - Overview
- Exhibit 105: Oracle Corp. - Business segments
- Exhibit 106: Oracle Corp. - Key news
- Exhibit 107: Oracle Corp. - Key offerings
- Exhibit 108: Oracle Corp. - Segment focus
- 10.8 OutSystems Software em Rede SA
- Exhibit 109: OutSystems Software em Rede SA - Overview
- Exhibit 110: OutSystems Software em Rede SA - Product / Service
- Exhibit 111: OutSystems Software em Rede SA - Key offerings
- 10.9 Pegasystems Inc.
- Exhibit 112: Pegasystems Inc. - Overview
- Exhibit 113: Pegasystems Inc. - Product / Service
- Exhibit 114: Pegasystems Inc. - Key news
- Exhibit 115: Pegasystems Inc. - Key offerings
- 10.10 Salesforce.com Inc.
- Exhibit 116: Salesforce.com Inc. - Overview
- Exhibit 117: Salesforce.com Inc. - Product / Service
- Exhibit 118: Salesforce.com Inc. - Key news
- Exhibit 119: Salesforce.com Inc. - Key offerings
- 10.11 ServiceNow Inc.
- Exhibit 120: ServiceNow Inc. - Overview
- Exhibit 121: ServiceNow Inc. - Business segments
- Exhibit 122: ServiceNow Inc. - Key news
- Exhibit 123: ServiceNow Inc. - Key offerings
- Exhibit 124: ServiceNow Inc. - Segment focus
- 10.12 Zoho Corp. Pvt. Ltd.
- Exhibit 125: Zoho Corp. Pvt. Ltd. - Overview
- Exhibit 126: Zoho Corp. Pvt. Ltd. - Product / Service
- Exhibit 127: Zoho Corp. Pvt. Ltd. - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 128: Inclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 129: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 130: Research methodology
- Exhibit 131: Validation techniques employed for market sizing
- Exhibit 132: Information sources
- 11.5 List of abbreviations
- Exhibit 133: List of abbreviations
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SOURCE Technavio | https://www.prnewswire.com/news-releases/low-code-development-platform-market-size-to-grow-by-usd-35-73-billion-appian-corp-and-betty-blocks-bv-among-key-vendors---technavio-301680257.html | 2022-11-17T11:39:12 | en | 0.81612 |
DUBLIN (AP) _ Dole PLC (DOLE) on Thursday reported third-quarter net income of $39.8 million, after reporting a loss in the same period a year earlier.
The Dublin-based company said it had profit of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 14 cents per share.
The fresh fruit and vegetable company posted revenue of $2.27 billion in the period.
Dole expects full-year revenue in the range of $9.1 billion to $9.4 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOLE at https://www.zacks.com/ap/DOLE | https://www.expressnews.com/business/article/Dole-Q3-Earnings-Snapshot-17591501.php | 2022-11-17T11:39:16 | en | 0.950436 |
PORTLAND, Ore. (AP) — The largest dam demolition and river restoration plan in the world could be close to reality Thursday as U.S. regulators vote on a plan to remove four aging hydro-electric structures, reopening hundreds of miles of California river habitat to imperiled salmon.
The vote by the Federal Energy Regulatory Commission on the lower Klamath River dams is the last major regulatory hurdle and the biggest milestone facing a $500 million demolition proposal championed by Native American tribes and environmentalists for years.
Approval of the application to surrender the dams’ operating license is the bedrock of the most ambitious salmon restoration plan in history, and if approved the parties overseeing the project will accept license transfer and could begin dam removal as early as this summer. More than 300 miles (482.80 kilometers) of salmon habitat in the Klamath River and its tributaries would benefit, said Amy Souers Kober, spokeswoman for American Rivers, which monitors dam removals and advocates for river restoration.
“This is an incredibly important milestone,” she said. “This project really carries important lessons for rivers and the conservation movement, and the most important lesson is the leadership of the tribes. It’s because of the tribes that these dams will come out and the river be will restored.”
The vote comes at a critical moment when human-caused climate change is hammering the Western United States with prolonged drought, said Tom Kiernan, president of American Rivers. He said allowing California’s second-largest river to flow naturally, and its flood plains and wetlands to function normally, would mitigate those impacts.
“The best way of managing increasing floods and droughts is to allow the river system to be healthy and do its thing,” he said.
“Instead of having reservoirs where a significant amount of that water evaporates, it’s better to have that river flow and allow the flood plains and wetlands filter the water and bring it down to groundwater where it doesn’t evaporate.”
The Klamath Basin watershed covers more than 14,500 square miles (37,500 square kilometers) and the Klamath itself was once the third-largest salmon producing river on the West Coast. But the dams, constructed between 1918 and 1962, essentially cut the river in half and prevent salmon from reaching spawning grounds upstream. Consequently, salmon runs have been dwindling for years.
Native tribes that rely on the Klamath River and its salmon for their way of life have been a driving force behind bringing the dams down. Members of the Yurok, Karuk and Hoopa tribes plan to light a bonfire and watch the Federal Energy Regulatory Commission meeting Thursday on a remote Klamath River sandbar via a satellite uplink to symbolize their hopes for the river’s renewal.
Frankie Myers, Yurok vice chairman, told The Associated Press before the meeting that he was excited, but also anxious, about the outcome of the vote.
“We’ve been doing this a long time and we’ve been let down so much over the last two decades,” he said. “If there’s still salmon in the water, they have a chance and we have a chance. …They will come down. They have to come down. Our existence depends on it.”
But plans to remove the dams have been controversial.
A group of homeowners who live around Copco Lake, one of the large reservoirs, have fought the dam removal plans for years and say the values of their lakefront homes have plummeted. A coalition formed to oppose the demolition plan argues that the money set aside to cover the demolition isn’t adequate, and that cost overruns and liability concerns would fall on the shoulders of taxpayers.
They also question whether removing the dams will work to restore salmon because of changes in the Pacific Ocean that are also affecting the fish, said Richard Marshall, head of the Siskiyou County Water Users Association.
“The whole question is, will this add to the increased production of salmon? It has everything to do with what’s going on in the ocean (and) we think this will turn out to be a futile effort,” he said. “Nobody’s ever tried to take care of the problem by taking care of the existing situation without just removing the dams.”
Rate payers in the rural counties around the dams are also angered by the project, which is funded by $200 million from PacifiCorp and $250 million from a voter-approved water bond in California.
U.S. regulators raised flags about the potential for cost overruns and liability issues in 2020, nearly killing the proposal, but Oregon, California and PacifiCorp, which operates the hydroelectric dams and is owned by billionaire Warren Buffett’s company Berkshire Hathaway, teamed up to add another $50 million in contingency funds.
The utility would face steep costs to add fish ladders and other environmental mitigations to the outdated dams in order to renew their hydroelectric license and in recent years has diversified their energy portfolio enough to absorb the loss of the dams, the company has said.
If regulators approve on Thursday, Oregon, California and the Klamath River Renewal Corporation — the entity formed to oversee the demolition and environmental mitigation — must sign off on the license surrender and then work can begin. Regulators could also approve it, but add further specifications, or reject it altogether.
If approved, Copco 2, the smallest dam, could come down as early as the coming summer, said Craig Tucker, natural resources policy consultant for the Karuk Tribe. In early 2024, the reservoirs behind the dams would be slowly drawn down, with the hope of putting the river fully back in its channel by late 2024, he said.
The scope of the project exceeds the other largest U.S. dam demolition to date, when two century-old dams were breached on the Eolwha River on Washington’s Olympic Peninsula in 2012, said Kober, of American Rivers. Environmental experts are unaware of any other river restoration project in the world with a bigger scope than the one planned for the lower Klamath, she added.
Across the U.S., 1,951 dams have been demolished as of February, including 57 in 2021, the organization said. Most of those have come down in the past 25 years as facilities age and come up for relicensing.
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Follow Gillian Flaccus here. | https://www.wowktv.com/news/u-s-world/ap-us-regulators-to-vote-on-largest-dam-demolition-in-history/ | 2022-11-17T11:39:16 | en | 0.957887 |
Madinah pavilion, jewel in the crown of the Smart City Expo World Congress, Barcelona
BARCELONA, Spain, Nov. 17, 2022 /PRNewswire/ -- The Smart City Expo World Congress 2022 will be remembered as one of the best design city forums of recent times. For three days, the largest international event for cities brings together some 20,000 experts, academics, representatives of cities, international organizations and technology companies in Barcelona these days, to address the future of cities from sustainability, inclusion, digital rights, resilience and, above all, human centricity.
This year, the jewel in the crown is the city of Madinah pavilion. Around 200 m2 of culture, innovation and tranquility, in a stand inspired, above all, by citizens.
Invited by the World Smart Cities Congress, Al-Madinah Region Development Authority (MDA) participates to share its experiences and expertise in the field of smart cities in Al-Madinah Pavilion at SCEWC22.
Throughout the first and second days of the event, MDA has participated in different panel sessions of the World Congress with well-known thought leaders, to share the directions of Al-Madinah Human-Centered Smart City and the use of technology as a supportive means rather than an objective. "We have gone from a supply driven to a demand driven approach. Our fundamental objective is to improve the lives of the citizens and visitors of Madinah. We want to be the most tranquil Smart City in the world", said Abdulrahman Ibrahim, Chief Data and Innovation Officer at MDA.
Al-Madinah Pavilion at the Smart Cities Expo displays units that showcase a 3-D model of the Prophet's Mosque, the Smart Madinah Strategy, Absher Platform, Raseel Platform for Smart Cities, Labaih Platform for Psychological Counseling, and the Medical Virtual Academy. Culture, hospitality and technology come together in a carefully designed space, which makes it one of the most visited stands of the Congress.
It is worth mentioning that Al-Madinah has been listed in the IMD Smart City Index since last year (2021); it ranks 2nd nationally after Riyadh, 4th regionally, and 72nd globally, ahead of other ancient and historical international cities. Al-Madinah is the only Arab and Asian city among the top ten Early Adopter of ISO Smart City Indicators issued by the World Council on City Data.
Photo: https://mma.prnewswire.com/media/1949006/Madinah_Pavilion.jpg
SOURCE Madinah City | https://www.prnewswire.com/news-releases/madinah-pavilion-jewel-in-the-crown-of-the-smart-city-expo-world-congress-barcelona-301680231.html | 2022-11-17T11:39:18 | en | 0.902101 |
HANGZHOU, China (AP) _ NetEase Inc. (NTES) on Thursday reported third-quarter earnings of $941.8 million.
The Hangzhou, China-based company said it had net income of $1.43 per share. Earnings, adjusted for stock option expense, came to $1.59 per share.
The internet technology company posted revenue of $3.43 billion in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTES at https://www.zacks.com/ap/NTES | https://www.expressnews.com/business/article/NetEase-Q3-Earnings-Snapshot-17591431.php | 2022-11-17T11:39:22 | en | 0.918234 |
AUGUSTA, Ga. (AP) — Republicans insist they’re working together to help Herschel Walker unseat Democratic Sen. Raphael Warnock in a Georgia runoff that offers the GOP a chance to finish a disappointing midterm election season with a victory.
But to win a 50th Senate seat on Dec. 6 and limit Democrats’ continued majority, Republicans must overcome doubts about Walker’s appeal in a battleground state, navigate open squabbles among party powerbrokers in Washington and endure the specter of former President Donald Trump as he launches his third White House bid after losing Georgia in 2020.
It adds up to the same challenges that limited GOP victories nationally despite an underwater approval rating for President Joe Biden and widespread frustrations with the nation’s direction.
“Everybody realizes that regardless of any disagreements that do or don’t exist, everybody needs to focus on one thing: helping Herschel get across the finish line,” said Walker campaign manager Scott Paradise.
But they must do it without the Senate majority on the line, as it was in a pair of Georgia runoffs in January 2021. Democrats have already secured 50 seats with narrow incumbent victories in Nevada and Arizona combined with flipping a GOP-held Pennsylvania seat, and Vice President Kamala’s Harris tiebreaking vote assures them a majority.
So, Walker, who spent the fall trying to nationalize his race by mocking Warnock as a yes-man for Biden, must fashion a runoff coalition knowing that nothing voters do here will depose New York’s Chuck Schumer as Senate majority leader.
“There are still national implications,” Paradise said, arguing that Republicans around the country are “fired up” for a second chance after an underwhelming midterm performance. “We’re very comfortable framing this as the last fight of ’22.”
Like many losing GOP nominees this year, Walker has struggled among moderates and independents, with many questioning his qualifications, according to AP VoteCast surveys of voters. Walker trailed Warnock by about 35,000 votes out of almost 4 million. Perhaps more tellingly, the same electorate gave Republican Gov. Brian Kemp 200,000 more votes than Walker — enough for a comfortable reelection victory.
Walker, a former college and professional football star and a close friend of Trump’s, was urged by the former president to run. That cements Walker’s bond with core GOP supporters but presents a challenge in Republican-leaning metro areas that helped Biden top Trump here two years ago.
“Trump probably does more to juice Democratic turnout than have an effect on our guy,” said Josh Holmes, a prominent Republican fundraiser and strategist aligned with Senate Minority Leader Mitch McConnell, who has icy relations with the former president. But Holmes added, “We don’t know what the impact will be.”
It’s clear Republicans hope Kemp’s popularity extends to Walker, even if it wasn’t enough in the first round. Kemp avoided Walker throughout the fall, pointedly not saying the Senate candidate’s name when asked about Walker’s difficulties, which include exaggerated claims about his business, philanthropic and academic record; accusations of violence against his first wife; and claims by two former girlfriends that Walker paid for their abortions despite his public opposition to abortion rights.
Kemp typically would say only that he backed “the entire Republican ticket.” Since Election Day, though, Kemp has turned over his voter turnout operation to the Washington-based super PAC aligned with McConnell. And Kemp plans to campaign with Walker for the first time Saturday.
“Herschel requested all the help we could get from the governor. The governor said I’m there for you,” Paradise said.
Yet the deal between Kemp and the Senate Leadership Fund highlights GOP fissures, some tracing back to Trump, others to a running feud between McConnell and Florida Sen. Rick Scott, who leads the Senate GOP’s campaign arm.
Kemp built out his independent turnout operation after the 2020 presidential election, when Trump blasted Kemp for certifying Biden’s slate of presidential electors from Georgia and state Republican Party leaders sided mostly with Trump.
SLF, which usually spends most of its money on television advertising, said the runoff would be the first time the political action committee has engaged in a full-scale voter turnout effort.
But, as with Kemp’s reelection campaign, that comes at odds with the traditional coordinated party campaign run through the Republican National Committee, the state party and Scott’s National Republican Senatorial Committee. Separately, Scott challenged McConnell for Senate GOP leader; McConnell prevailed Wednesday.
Campaigning for Walker this week on the outskirts of Augusta, Scott sought to present a united GOP front. “What we ought to be doing now is focusing all of our time on Herschel,” he said.
But he noted that federal election law prevents coordination between the party committees and the SLF-Kemp operation. That means that there’s no legal way for each camp to keep tabs on the other’s activities, raising the prospect of duplicative efforts or conflicting messages to voters.
Meanwhile, Scott’s and McConnell’s advisers spilled their tiff into public view. Curt Anderson, a Scott ally, noted on Twitter that he’d seen Schumer’s Democratic super PAC airing ads on Warnock’s behalf during a “Monday Night Football” broadcast. “McConnell’s superpac running zero ads attacking Warnock. Have they given up?” he asked.
SLF President Steven Law retorted that the NRSC’s Georgia televisions buys have been subpar. “But don’t worry little buddy — we’re used to covering you,” he wrote. SLF has since announced its own $14.2 million advertising plan, on top of the $2 million-plus it had previously announced for its turnout operation.
Amid such intraparty complications, perhaps the best outcome for Walker is a relatively low-turnout runoff election that allows his core supporters to become a victorious majority. Indeed, having the Senate majority already settled could dampen Democrats’ enthusiasm, and Walker has drawn large, enthusiastic crowds in the opening days of the runoff campaign.
Yet Republicans, including the candidate himself, acknowledge at least tacitly that Walker may need supporters the nominee hasn’t won over yet.
For Walker, that means a retooled campaign speech that remains heavy on staunch conservative rhetoric but expands his attacks on Warnock to include an admonishment for not working closely enough with Kemp.
“What he been doing is rowing the boat this way as our governor is trying to row this way,” Walker said of Warnock in Augusta. “What I’m going to do is I’m going to row the boat with the governor.”
For Scott, it means bringing the complexities of Senate rules to the campaign trail, telling voters that a 50-50 Senate means evenly split committee rosters, while a 51-49 makeup means clear Democratic majorities. “It takes 51-plus to get things done,” he said.
And for rank-and-file Georgia Republicans like Debbie McCord, it means cajoling would-be Walker voters to look beyond individual candidates and see a national referendum.
“There are people who just think ‘so-and-so would have been a better candidate.’ I say there are a lot of good candidates, but this is who won the primary,” said McCord, chairwoman of the Columbia County Republican committee. “You need to get over it, put your big boy pants on and go vote.”
___
Learn more about the issues and factors at play in the midterms at https://apnews.com/hub/explaining-the-elections. And follow the AP’s election coverage of the 2022 elections at https://apnews.com/hub/2022-midterm-elections. | https://www.wowktv.com/news/u-s-world/ap-walker-republicans-look-for-party-unity-in-georgia-runoff/ | 2022-11-17T11:39:22 | en | 0.96337 |
Madinah pavilion, jewel in the crown of the Smart City Expo World Congress, Barcelona
BARCELONA, Spain, Nov. 17, 2022 /PRNewswire/ -- The Smart City Expo World Congress 2022 will be remembered as one of the best design city forums of recent times. For three days, the largest international event for cities brings together some 20,000 experts, academics, representatives of cities, international organizations and technology companies in Barcelona these days, to address the future of cities from sustainability, inclusion, digital rights, resilience and, above all, human centricity.
This year, the jewel in the crown is the city of Madinah pavilion. Around 200 m2 of culture, innovation and tranquility, in a stand inspired, above all, by citizens.
Invited by the World Smart Cities Congress, Al-Madinah Region Development Authority (MDA) participates to share its experiences and expertise in the field of smart cities in Al-Madinah Pavilion at SCEWC22.
Throughout the first and second days of the event, MDA has participated in different panel sessions of the World Congress with well-known thought leaders, to share the directions of Al-Madinah Human-Centered Smart City and the use of technology as a supportive means rather than an objective. "We have gone from a supply driven to a demand driven approach. Our fundamental objective is to improve the lives of the citizens and visitors of Madinah. We want to be the most tranquil Smart City in the world", said Abdulrahman Ibrahim, Chief Data and Innovation Officer at MDA.
Al-Madinah Pavilion at the Smart Cities Expo displays units that showcase a 3-D model of the Prophet's Mosque, the Smart Madinah Strategy, Absher Platform, Raseel Platform for Smart Cities, Labaih Platform for Psychological Counseling, and the Medical Virtual Academy. Culture, hospitality and technology come together in a carefully designed space, which makes it one of the most visited stands of the Congress.
It is worth mentioning that Al-Madinah has been listed in the IMD Smart City Index since last year (2021); it ranks 2nd nationally after Riyadh, 4th regionally, and 72nd globally, ahead of other ancient and historical international cities. Al-Madinah is the only Arab and Asian city among the top ten Early Adopter of ISO Smart City Indicators issued by the World Council on City Data.
Photo: https://mma.prnewswire.com/media/1949006/Madinah_Pavilion.jpg
SOURCE Madinah City | https://www.prnewswire.com/news-releases/madinah-pavilion-jewel-in-the-crown-of-the-smart-city-expo-world-congress-barcelona-301680241.html | 2022-11-17T11:39:24 | en | 0.902101 |
SANTIAGO CHILE, Chile (AP) _ Sociedad Quimica y Minera de Chile SA (SQM) on Wednesday reported third-quarter earnings of $1.1 billion.
The Santiago Chile, Chile-based company said it had net income of $3.85 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.40 per share.
The chemicals company posted revenue of $2.96 billion in the period, also surpassing Street forecasts. Three analysts surveyed by Zacks expected $2.83 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on SQM at https://www.zacks.com/ap/SQM | https://www.expressnews.com/business/article/SQM-Q3-Earnings-Snapshot-17591428.php | 2022-11-17T11:39:28 | en | 0.919847 |
Starbucks workers at more than 100 U.S. stores say they’re going on strike Thursday in what would be the largest labor action since a campaign to unionize the company’s stores began late last year.
The walkouts are scheduled to coincide with Starbucks’ annual Red Cup Day, when the company gives free reusable cups to customers who order a holiday drink. Workers say it’s often one of the busiest days of the year. Starbucks declined to say how many red cups it plans to distribute.
Workers say they’re seeking better pay, more consistent schedules and higher staffing levels in busy stores. Starbucks opposes the unionization effort, saying the company functions best when it works directly with employees. The Seattle coffee giant has more than 9,000 company-owned stores in the U.S.
Stores in 25 states planned to take part in the labor action, according to Starbucks Workers United, the group organizing the effort. Some workers planned to picket all day while others planned shorter walkouts. The union said the goal is to shut the stores down during the walkouts.
Willow Montana, a shift manager at a Starbucks store in Brighton, Massachusetts, planned to strike because Starbucks hasn’t begun bargaining with the store despite a successful union vote in April.
“If the company won’t bargain in good faith, why should we come to work where we are understaffed, underpaid and overworked?” Montana said.
Others, including Michelle Eisen, a union organizer at one of the first stores to organize in Buffalo, New York, said workers are angry that Starbucks promised higher pay and benefits to non-union stores. Starbucks says it is following the law and can’t give union stores pay hikes without bargaining.
At least 257 Starbucks stores have voted to unionize since late last year, according to the National Labor Relations Board. Fifty-seven stores have held votes where workers opted not to unionize.
Starbucks and the union have begun contract talks at 53 stores, with 13 additional sessions scheduled, Starbucks Workers United said. No agreements have been reached so far.
The process has been contentious. Earlier this week, a regional director with the NLRB filed a request for an injunction against Starbucks in federal court, saying the company violated labor law when it fired a union organizer in Ann Arbor, Michigan. The regional director asked the court to direct Starbucks to reinstate the employee and stop interfering in the unionization campaign nationwide.
It was the fourth time the NLRB has asked a federal court to intervene. In August, a federal judge ruled that Starbucks had to reinstate seven union organizers who were fired in Memphis, Tennessee. A similar case in Buffalo has yet to be decided, while a federal judge ruled against the NLRB in a case in Phoenix.
Meanwhile, Starbucks has asked the NLRB to temporarily suspend all union elections at its U.S. stores, citing allegations from a board employee that regional officials improperly coordinated with union organizers. A decision in that case is pending. | https://www.wowktv.com/news/u-s-world/starbucks-workers-plan-strikes-at-more-than-100-us-stores-on-thursday/ | 2022-11-17T11:39:28 | en | 0.954598 |
ROGERS, Ark. (AP) _ America's Car-Mart Inc. (CRMT) on Wednesday reported fiscal second-quarter profit of $3.1 million.
The Rogers, Arkansas-based company said it had profit of 48 cents per share.
The auto retailer posted revenue of $351.8 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRMT at https://www.zacks.com/ap/CRMT | https://www.theheraldreview.com/business/article/America-s-Car-Mart-Fiscal-Q2-Earnings-Snapshot-17591424.php | 2022-11-17T11:39:31 | en | 0.890307 |
HAMILTON, Bermuda (AP) _ Borr Drilling Ltd. (BORR) on Thursday reported a loss of $54.9 million in its third quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 30 cents. Losses, adjusted for asset impairment costs, were 26 cents per share.
The oilfield services company posted revenue of $107.9 million in the period.
Borr Drilling shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BORR at https://www.zacks.com/ap/BORR | https://www.theheraldreview.com/business/article/Borr-Drilling-Q3-Earnings-Snapshot-17591427.php | 2022-11-17T11:39:31 | en | 0.957085 |
MIGDAL HAEMEK, Israel (AP) _ Camtek Ltd. (CAMT) on Thursday reported third-quarter net income of $20.7 million.
On a per-share basis, the Migdal Haemek, Israel-based company said it had net income of 43 cents. Earnings, adjusted for stock option expense, came to 48 cents per share.
The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 47 cents per share.
The maker of automatic optical inspection and process enhancement systems posted revenue of $82 million in the period, missing Street forecasts. Three analysts surveyed by Zacks expected $82.3 million.
Camtek shares have dropped 46% since the beginning of the year. The stock has decreased 48% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CAMT at https://www.zacks.com/ap/CAMT | https://www.theheraldreview.com/business/article/Camtek-Q3-Earnings-Snapshot-17591518.php | 2022-11-17T11:39:32 | en | 0.930908 |
BUENOS AIRES, Argentina (AP) _ Despegar.com Corp. (DESP) on Thursday reported a loss of $9.3 million in its third quarter.
The Buenos Aires, Argentina-based company said it had a loss of 21 cents per share.
The online travel company posted revenue of $145.6 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DESP at https://www.zacks.com/ap/DESP | https://www.theheraldreview.com/business/article/Despegar-com-Q3-Earnings-Snapshot-17591507.php | 2022-11-17T11:39:33 | en | 0.921498 |
DUBLIN (AP) _ Dole PLC (DOLE) on Thursday reported third-quarter net income of $39.8 million, after reporting a loss in the same period a year earlier.
The Dublin-based company said it had profit of 42 cents per share. Earnings, adjusted for one-time gains and costs, were 14 cents per share.
The fresh fruit and vegetable company posted revenue of $2.27 billion in the period.
Dole expects full-year revenue in the range of $9.1 billion to $9.4 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DOLE at https://www.zacks.com/ap/DOLE | https://www.theheraldreview.com/business/article/Dole-Q3-Earnings-Snapshot-17591501.php | 2022-11-17T11:39:33 | en | 0.950436 |
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SHARM EL-SHEIKH, Egypt (AP) — The Marshall Islands’ climate envoy said small island nations don’t want the COP27 meeting to end without an agreement on loss and damage funding.
“Waiting for the next COP or even COP29 is not an option for us. We’re not walking away without this fund,” Kathy Jetn̄il-Kijiner said at a press panel. “We’ve been really clear. We need the fund now and it needs to be a fund.”
She said momentum is gaining around the idea of a funding mechanism for loss and damage suffered by developing countries bearing the brunt of climate change. “We’re doing our best to keep holding the line and pushing the ambition.”
The Marshall Islands are a chain of islands between Hawaii and the Philippines, most of which are no more than two meters (6.5 feet) above sea level.
___
KEY DEVELOPMENTS:
— Lines in the sand need redrawing to reach climate deal
— Women lead climate talks’ toughest topic: reparations
— Scientists try to bolster Great Barrier Reef in warmer world
___
Sherry Rehman, climate minister for Pakistan, said developing countries would continue to press hard for a deal on the issue of ‘loss and damage’ at this year’s U.N. climate talks in Egypt.
Rehman told reporters Thursday that the group of countries she chairs, known as G77 and China, wants “at the very least a political announcement of intent” on rich polluters providing new financial aid to poor nations for the effects of global warming.
She made clear that she didn’t not expect “a slew of finance” to result from the meeting in Sharm el-Sheikh but added that “if this continues to be kicked down the road we will see it as a climate justice denied.”
Rehman said she was aware that some countries “are anxious about liabilities and judicial proceedings.”
“I think we can work around all those anxieties,” she said. “The idea here is not to make any one country or group of countries uncomfortable or put them in an adversarial position.”
But she said the recent devastating floods in her own country, causing tens of billions of dollars in damage, showed how people who have done little to cause climate change are being hit hard.
“That dystopia that came to our doorstep will come to everyone’s,” she said. “So before it comes to that point, let’s learn to work together and bring some focus and real ambition for climate justice and delivery on joint goals.”
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Senior western officials have met with the Egyptian diplomat chairing this year’s U.N. climate talks amid concerns that negotiators may not be able to reach an agreement.
Alok Sharma, the British official who chaired last year’s talks in Glasgow, the EU’s climate chief Frans Timmermans and Canada’s Climate Minister Steven Guilbeault told Egypt’s Foreign Minister Sameh Shoukry that “there are still lot of gaps remaining” in the draft decisions.
Sharma’s office said the three officials told Shoukry that the recent pledge made by the Group of 20 major developed and emerging economies in Bali “should be the baseline and not a ceiling” at the climate talks, known as COP27.
“The last thing anyone wants is for this COP to end without consensus,” they said, according to Sharma’s office.
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A draft decision proposed by host Egypt for this year’s U.N. climate talks has surprised negotiators who say it includes ideas never previously discussed at the two-week talks.
This includes a call for developed countries to achieve “net-negative carbon emissions by 2030” — a far tougher target than any major nation has so far committed to and which would be very hard to achieve.
Diplomats, speaking on condition of anonymity due to the sensitivity of the issue, say the 20-page draft released early Thursday is far more bloated than what would normally have been expected at this stage of negotiations.
The talks are due to wrap up on Friday but it is not unusual for the annual meeting to go into overtime.
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Follow AP’s climate and environment coverage at https://apnews.com/hub/climate-and-environment
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Associated Press climate and environmental coverage receives support from several private foundations. See more about AP’s climate initiative here. The AP is solely responsible for all content. | https://www.expressnews.com/business/article/The-Latest-UN-Climate-Summit-17591446.php | 2022-11-17T11:39:34 | en | 0.959592 |
JOHNSTOWN, N.Y. (WTEN) – A deer crashed through a window at Wells Nursing Home in Johnstown, New York, on Monday. The deer spent about 10 minutes inside and then crashed through another window on its way out, according to Administrator Neal Van Slyke.
Video shows the deer inside the nursing home’s physical therapy room. The deer then broke back out through a different window.
The video was taken by worker Bill Betts, who filmed safely from another room. You can hear Betts narrating the situation and even yelling out to a coworker who did not know what was happening on the other side of the door.
Van Slyke said the deer took back off into the woods with no signs of injury as police were arriving. Two days later, he said everything is back to business as usual. The windows are boarded up, but they should be fixed within the next several days. All other equipment in the building is fine, said Van Slyke. | https://www.wowktv.com/news/u-s-world/watch-deer-runs-inside-nursing-home-after-crashing-through-window/ | 2022-11-17T11:39:34 | en | 0.983706 |
PHOENIX (AP) — Devin Booker stepped back for a 3-pointer in the closing minute of the third quarter as Golden State’s Stephen Curry gamely tried to stay with him, putting a hand in his face. Booker made the shot anyway as a frustrated Curry dropped his head.
No matter how many points the Warriors superstar scored, the Suns came right back with an answer.
Cameron Payne had a career-high 29 points, Booker added 27 and Phoenix easily overcame Curry’s 50-point night to beat struggling Golden State 130-119 on Wednesday. All five Suns starters scored in double figures.
“It’s important to have a team,” Booker said about the balanced production. “That gives you longevity and will get us through a season.”
The Suns controlled most of the game despite Curry’s scoring. The eight-time All-Star made 17 of 28 shots, going 7 of 11 from 3-point range.
The problem for the Warriors was nobody else was helping. Klay Thompson finished with 19 points but shot just 6 of 17. The Warriors — defending NBA champs — fell to 6-9 for the season, including 0-8 on the road.
Curry didn’t have much to say about his 50 points, instead focusing on the team’s struggles.
“Losing becomes a habit if you don’t fix it,” Curry said. “We avoided that for a very long time. We are very aware of who we are and our potential. The losing does get old really quick.”
Said Warriors coach Steve Kerr: “I think for right now, we are just scattered. It’s a pickup game. It’s a pickup game out there.”
Curry’s scoring prowess is expected, but it was countered by one of the best games of Payne’s career. Starting in place of the injured Chris Paul, the 6-foot-3 guard made 9 of 17 shots, including 6 of 10 from beyond the arc.
Coach Monty Williams praised Payne’s play but also criticized the guard’s late-game decisions, including picking up a flagrant foul.
“Cam can score the ball and he had seven assists to go with it,” Williams said. “But in closing moments, he has to be better. We don’t need all that silliness at the end of games.”
The Suns led 103-89 going into the fourth quarter. The Warriors quickly cut into that margin but couldn’t get closer than eight points. Damion Lee hit back-to-back 3-pointers against his former team to keep the Suns comfortably ahead.
The Suns shot 21 of 40 (52.5%) from 3-point range and had 33 assists. Mikal Bridges had 23 points and a career-high nine assists. Torrey Craig added 13 points and 10 rebounds.
HOT FIRST HALF
It was a frenetic first half with both teams shooting very well — particularly behind the arc. The Suns led 72-65 at the break, with Curry scoring 31 points. Payne had 18 for the Suns and Booker had 16.
Curry was at his best in the first half, making 10 of 13 shots from the field, including 4 of 5 3-pointers. The two-time MVP came into the game averaging about 31 points per game and hit that mark with a free throw near the end of the second quarter.
“Steph is going to have Steph moments,” Williams said.
The Warriors were basically at full strength while the Suns were missing two injured starters — Paul and Cam Johnson — and a key reserve in Landry Shamet.
The two teams were playing again a little more than three weeks after the Suns beat the Warriors by nearly 30 points. That game was notable for seven technical fouls and a verbal spat between Booker and Thompson that eventually resulted in Thompson’s first career ejection.
TIP-INS
Warriors: Kevon Looney scored 10 points in the first half on 5 of 5 shooting. … Curry was called for a technical in the third quarter. … Curry passed Mitch Richmond for 49th on the NBA career scoring list.
Suns: Paul (right heel soreness), Shamet (concussion) and Johnson (right meniscus tear) didn’t play. … Debuted special blue City Edition uniforms as part of a night to honor Arizona’s Tribal Nations. … The team was called for a technical foul in the first half after getting called for two delay of games. … Hosted their 34th consecutive sellout crowd.
UP NEXT
Warriors: Host New York on Friday night.
Suns: At Utah on Friday night.
___
AP NBA: https://apnews.com/hub/NBA and https://twitter.com/AP_Sports | https://www.wowktv.com/sports/ap-curry-scores-50-points-but-suns-beat-warriors-130-119/ | 2022-11-17T11:39:40 | en | 0.975315 |
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HONG KONG (AP) — American game developer Blizzard Entertainment said Thursday that it will suspend most of its game services in mainland China after current licensing agreements with Chinese games company NetEase end, sending NetEase’s shares tumbling.
Blizzard, which partnered with NetEase in 2008 to offer popular games like World of Warcraft, Overwatch and Diablo in mainland China, said in a statement the two companies did not reach a deal to renew the agreements “that is consistent with Blizzard’s operating principles and commitments to players and employees.”
The partnership is set to expire in January next year. Blizzard said that new sales will be “suspended in the coming days.”
NetEase shares plunged as much as 15% in Hong Kong following the news.
In a statement, NetEase said that the expiration of its licenses with Blizzard would have “no material impact” on the company’s financial results.
The company said revenues and income from the licensed Blizzard games represented “low single digits” as a total percentage of NetEase’s total revenues and income last year, and in the first three quarters of 2022.
“We have put in a great deal of effort and tried with our utmost sincerity to negotiate with Activision Blizzard so that we could continue our collaboration and serve the many dedicated players in China," William Ding, CEO of NetEase, said in the statement. “However, there were material differences on key terms and we could not reach an agreement."
Blizzard Entertainment CEO Mike Ybarra said that the firm is looking for alternatives to bring the games back to Chinese players in the future.
“We’re immensely grateful for the passion our Chinese community has shown throughout the nearly 20 years we’ve been bringing our games to China through NetEase and other partners,” Ybarra said.
The games affected by the suspension are World of Warcraft, the StarCraft series, Hearthstone, Heroes of the Storm, Overwatch and Diablo III. | https://www.expressnews.com/entertainment/article/Blizzard-NetEase-gaming-partnership-in-China-to-17591401.php | 2022-11-17T11:39:40 | en | 0.967465 |
ROGERS, Ark. (AP) _ America's Car-Mart Inc. (CRMT) on Wednesday reported fiscal second-quarter profit of $3.1 million.
The Rogers, Arkansas-based company said it had profit of 48 cents per share.
The auto retailer posted revenue of $351.8 million in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRMT at https://www.zacks.com/ap/CRMT | https://www.myjournalcourier.com/business/article/America-s-Car-Mart-Fiscal-Q2-Earnings-Snapshot-17591424.php | 2022-11-17T11:39:45 | en | 0.890307 |
Orlando weather forecast: Cold front arrives in Central Florida: How long it will last
ORLANDO, Fla. - Today's high: 65 degrees
Tonight's low: 50 degrees
Rain: Dry
Main weather concerns:
No weather concerns for the area today. Gusty north winds will create a "long shore current" along the beaches today. A long shore current is a strong flowing current-channel of water that will flow from north to south today. Rip current risk will be a bit elevated as well. Otherwise, weather locally today looks fantastic.
Cooler and drier with pulsing north breezes. Highs will range from the 60s inland and the Northeast coastal counties, closer to 70 along the Brevard County area.
BEACHES:
Mostly sunny trend across the beaches today. Gusty north winds keep conditions cool and breezy. Surf is blown out and in the 2-3' range as a new north wind swell develops by this afternoon. Highs seaside will reside in the 60s to right around 70 over in Brevard County.
THEME PARKS:
Beautiful day for the theme parks today. Expect mostly sunny skies to phase in, north breezes and highs near 65. Dry all day!
OUTLOOK:
The cooler temps now in place will modestly warm as we head into the weekend and beyond. Highs by the weekend will be in the 70s as northeast winds warm the local area a bit. Could be a few isolated showers around both Saturday and Sunday.
Early next week, moisture in the gulf will spread into Florida with a possible sharp rise in rain chances then....stay tuned!
TROPICS:
The tropics are calm with no activity expected within the next five days. The hurricane season continues until November 30th. | https://www.fox35orlando.com/news/orlando-weather-forecast-november-17-2022 | 2022-11-17T11:39:45 | en | 0.943885 |
Mick Schumacher, son of seven-time Formula One champion Michael Schumacher, is out at Haas and Nico Hulkenberg will return to the grid fulltime next season in his place.
“I would like to thank Mick Schumacher for his contribution to the team over the past couple of years,” Haas team principal Günther Steiner said in a statement. “Mick’s pedigree in the junior categories was well known and he has continued to grow and develop as a driver in his time with Haas F1 Team. While choosing to go in separate directions for the future the entire team wishes Mick well for the next steps in his career path and beyond.”
Minutes after the announcement was made, Schumacher tweeted that he was disappointed with the decision but hoped to soon return to Formula 1.
“It was at times bumpy but I steadily improved, learned a lot and now know for sure that I deserve a place in Formula One,” Schumacher said. “The subject is anything but closed for me. Setbacks only make you stronger.”
The announcement regarding the last undecided seat on F1’s 2023 grid was hardly a surprise as Gene Haas told The Associated Press in October that Schumacher needed to score points in the final four races of the season to keep his job.
“Mick’s future is going to be decided by Mick. If he wants to stay with us, he’s got to show us that he can score some more points. That’s what we are waiting for,” Haas told The AP. “I think Mick has got a lot of potential, but you know he costs a fortune and he’s wrecked a lot of cars that have cost us a lot of money that we just don’t have.
“Now, if you bring us some points, and you are (Max) Verstappen and you wreck cars, we’ll deal with it. But when you are in the back and you wreck cars, that’s very difficult.”
In the three races since Haas made clear the job requirements, the 23-year-old German has failed to score any points with a best finish of 13th last week in Brazil. Schumacher missed the second race of the season after a brief hospitalization following a crash in Saudi Arabia, and with 12 points scored this season ranks 17th of the 20 full-time drivers.
In two seasons with Haas, where Schumacher was placed by the Ferrari Driver Academy, Schumacher has yet to live up to the hype set by his father’s legacy. He and fellow rookie Nikita Mazepin combined for the worst team on the F1 grid last season, and he’s been outrun all year by Kevin Magnussen, who was brought back to the team when Mazepin was fired followed Russia’s invasion of Ukraine.
Haas, the only American-owned team on the F1 grid, has a technical alliance with Ferrari and Schumacher’s contract with the Driver Academy is up after Sunday’s season finale at Abu Dhabi — removing any obligation on Haas to keep Schumacher in the car.
Schumacher could land in a reserve role with Mercedes — a job Australian Daniel Ricciardo is also chasing — and Esteban Ocon had pushed for Schumacher to get the open Alpine seat before it went to Pierre Gasly.
Mercedes head Toto Wolff admitted the team has interest in the young German after last week’s race.
“I don’t know what the status is with Mick and Haas,” Wolff said after the Brazilian Grand Prix. “But I make no secret of the fact that the Schumacher family belongs with us and that we value Mick very highly.”
Four-time F1 champion Sebastian Vettel is retiring after Sunday’s race and Schumacher is out, which put F1 in jeopardy of not having a German driver on the grid next season. But Haas replaced one German with another in Hulkenberg, a veteran of 181 F1 starts.
Hulkenberg last raced a full season in 2019 with Renault, then was a substitute driver for two races in 2020 and another two races this year. He was a fill-in this year for Vettel, who missed the first two races of the season with COVID-19, and Hulkenberg finished 12th in Saudi Arabia.
Hulkenberg, who is 35, scored a pole in his 2010 rookie season but has never had a podium finish in F1.
“I’m very happy to move into a fulltime race seat with Haas F1 Team in 2023,” Hülkenberg said in a team statement. “I feel like I never really left Formula 1. I’m excited to have the opportunity to do what I love the most again and want to thank Gene Haas and Günther Steiner for their trust. “
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https://apnews.com/hub/auto-racing and https://twitter.com/AP_Sports | https://www.wowktv.com/sports/ap-haas-cuts-mick-schumacher-after-2-seasons-in-formula-1/ | 2022-11-17T11:39:46 | en | 0.972595 |
KAMPALA, Uganda (AP) — The head of Africa's top public health institute is urging authorities across the continent to step up COVID-19 testing amid a concerning rise in new cases in some countries.
The continent of 1.3 billion people saw a 37% rise in new cases over the past week, Ahmed Ogwell, acting director of the Africa Centers for Disease Control and Prevention, said Thursday.
Over the last four weeks there's been an 11% rise in new cases, he said.
“COVID is still very much here with us and, in fact, when we look at the numbers we see that there are some member states that are actually going into a new wave and we are monitoring that closely," he said. "When we have a clear analysis, next week we will be able to report to you if the new waves are holding or if those have been quickly brought under control.”
He did not mention which countries face a new wave of infections, but South Africa is one of them. Africa's most advanced economy has been the most affected by COVID-19, the source of the bulk of confirmed cases and deaths.
COVID-19 has infected 12.1 million people across Africa's 54 nations, accounting for 2% of cases globally, and at least 256,000 have died, according to figures from the Africa CDC.
Vaccination rates in Africa continue to be low, largely because of short supplies and also in part because of hesitancy among some. Only 25% of Africa's people are fully vaccinated and under 3% have received booster doses.
Amid “this phenomenon we are seeing of numbers going up,” Ogwell said, national health authorities should focus on testing more people for COVID-19.
“When we see the numbers rising and the testing relatively low, it is an indication that we need to be careful in public,” he said. “And also we need to get ourselves vaccinated to avoid serious illness and even death when one is exposed to COVID. We know what we need to do.” | https://www.expressnews.com/news/article/Africa-CDC-chief-urges-more-COVID-19-testing-as-17591516.php | 2022-11-17T11:39:46 | en | 0.975443 |
HAMILTON, Bermuda (AP) _ Borr Drilling Ltd. (BORR) on Thursday reported a loss of $54.9 million in its third quarter.
On a per-share basis, the Hamilton, Bermuda-based company said it had a loss of 30 cents. Losses, adjusted for asset impairment costs, were 26 cents per share.
The oilfield services company posted revenue of $107.9 million in the period.
Borr Drilling shares have more than doubled since the beginning of the year. The stock has more than doubled in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on BORR at https://www.zacks.com/ap/BORR | https://www.myjournalcourier.com/business/article/Borr-Drilling-Q3-Earnings-Snapshot-17591427.php | 2022-11-17T11:39:51 | en | 0.957085 |
Orlando weather forecast: Will it rain on Thanksgiving this year? Here's the current outlook
ORLANDO, Fla. - It's almost turkey time! Thanksgiving is one week away and Central Florida can expect nice weather for the holiday.
Afternoon highs in Orlando are forecast to be in the upper-70s with mostly sunny skies. As of now, there is a 20% low chance for any showers next Thursday.
Whether you will participate in a Turkey Trot, have lunch outside, or plan to go on an after dinner walk, the weather will be nice for all to enjoy.
Depend on the FOX 35 Storm Team as we continue to update you on any changes the holiday forecast. | https://www.fox35orlando.com/news/orlando-weather-forecast-will-it-rain-on-thanksgiving-this-year-heres-the-current-outlook | 2022-11-17T11:39:51 | en | 0.931652 |
HANGZHOU, China (AP) _ NetEase Inc. (NTES) on Thursday reported third-quarter earnings of $941.8 million.
The Hangzhou, China-based company said it had net income of $1.43 per share. Earnings, adjusted for stock option expense, came to $1.59 per share.
The internet technology company posted revenue of $3.43 billion in the period.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTES at https://www.zacks.com/ap/NTES | https://www.theheraldreview.com/business/article/NetEase-Q3-Earnings-Snapshot-17591431.php | 2022-11-17T11:39:51 | en | 0.918234 |
WARSAW, Poland (AP) — The long border between Finland and Russia runs through thick forests and is marked only by wooden posts with low fences meant to stop stray cattle. Soon, a stronger, higher fence will be erected on parts of the frontier.
Earlier this month, Polish soldiers began laying coils of razor wire on the border with Kaliningrad, a Russian exclave wedged between Poland and Lithuania. Cameras and an electronic monitoring system also will be installed on the area that once was guarded only by occasional patrols of border guards.
The fall of the Berlin Wall more than 30 years ago symbolized hope for cooperation with Moscow. Now, Russia’s war in Ukraine has ushered in a new era of confrontation in Europe — and the rise of new barriers of steel, concrete and barbed wire. These, however, are being built by the West.
“The Iron Curtain is gone, but the ‘barbed wire curtain’ is now unfortunately becoming the reality for much of Europe,” said Klaus Dodds, a professor of geopolitics at Royal Holloway, University of London. “The optimism that we had in Europe after 1989 is very much now gone.”
Fear and division have replaced the euphoria when Germans danced atop the Berlin Wall and broke off chunks of the barrier erected in 1961 by Communist leaders. It stretched for 155 kilometers (nearly 100 miles), encircling West Berlin until 1989, when East German authorities opened crossings following mass protests. Within a year, East and West Germany were reunited.
Some countries in the European Union began building border fences as a response to more than 1 million refugees and other migrants entering southern Europe from the Middle East and Africa in 2015 alone. In 2015 and 2016, Russia ushered thousands of asylum-seekers, also mostly from the Middle East, to border checkpoints in northern Finland.
When relations with Belarus deteriorated after its authoritarian President Alexander Lukashenko was declared the winner of an election widely seen as fraudulent, the government in Minsk sent thousands of migrants across the EU’s frontiers in what Dodds called “hybrid warfare.” In response, Poland and Lithuania erected walls along their borders with Belarus.
Michal Baranowski, head of the Warsaw office of the German Marshal Fund think tank, said most security analysts believe Belarus coordinated its effort with Moscow, “in effect destabilizing our borders ahead of war in Ukraine.”
Fearing another migration crisis as a response to sanctions against Moscow because of the nearly nine-month war in Ukraine, European leaders have begun hardening their borders.
Finnish Prime Minister Sanna Marin announced plans to fortify parts of her country’s 1,340-kilometer (830-mile) border — the longest with any EU member. Moscow has threatened “serious military-political consequences” against Finland and Sweden for seeking to join NATO, and Marin said the fortifications would help defend the nation against the “hybrid threat” of possible large-scale and irregular migration orchestrated by the Kremlin.
The new barriers offer little protection from missiles or tanks. Governments instead expect the walls, fences and electronic surveillance to provide better control of their borders and to stop large migrant surges.
Dodds says Russia has been weaponizing migration for several years as it engages in a “civilization conflict with its European neighbors.”
Russia bombed and harassed Syria’s population in 2015 “in a deliberate attempt to create a humanitarian crisis,” he said.
“I think one of the difficulties we sometimes have outside of Russia is in actually appreciating quite how cynical, quite how calculating, quite how deliberate some of this work is,” said Dodds, author of “The New Border Wars: The Conflicts that Will Define Our Future.”
Russia’s use of migrants to create social discord in places like Poland, Lithuania and Latvia has led to those governments not offering them the chance to apply for asylum and refusing them entry in many cases — as has happened in other European countries like Greece and Hungary.
Those pushed back to Belarus have been subjected to abuse by Belarusian guards who initially helped them cross the borders, according to human rights groups.
Human rights activists in Poland have protested the the 5½-meter (18-foot) steel wall erected along 186 kilometers (115 miles) of its border with Belarus, arguing that it keeps out the weakest people but not the most determined.
Anna Alboth of the Minority Rights Group has spent months at that border and said she has seen people use ladders to scale the fence or tunnel under it.
Since the wall was finished last summer, about 1,800 migrants who made it inside Poland and found themselves in forests desperate for food, water or medicine have called Grupa Granica, an umbrella organization Alboth co-founded.
“It’s very difficult territory, the east of Poland,” she said. “There are a lot of animals. I had a situation where I went to one group and I stepped on people who were half-conscious. I am sure there were many people like this.”
She said she recently encountered groups of women from Sudan who appeared to be human trafficking victims, as well as medical students from Africa who were in their fifth year of studies in Russia.
“They said ‘Russia is falling apart and we want to live in a normal country,’” Alboth said.
A Polish government security official, Stanislaw Zaryn, acknowledged the border wall doesn’t stop everyone seeking to cross illegally, but added: “It does allow our forces to act rapidly and more efficiently, without the need to deploy as much manpower as before.”
Both that wall and the fence with Kaliningrad “convey a strong message to Minsk and Moscow that Poland takes the security and integrity of its borders extremely seriously,” Zaryn said. “I believe that Belarus and Russia will think twice before pursuing again the weaponization of migration.”
Dodds said he understands the impulse to build walls but warns that they rarely work as intended, often pushing migrants onto more hazardous journeys.
While militarized borders might be popular, they also tend to dehumanize desperate migrants, who often are willing to risk the danger of border crossings for a better life.
Building such walls and fences “sucks empathy and compassion from our societies,” Dodds said.
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Jari Tanner contributed to this report from Helsinki.
___
Follow AP’s coverage of the war in Ukraine at https://apnews.com/hub/russia-ukraine | https://www.wowktv.com/top-stories/ap-top-headlines/ap-a-barbed-wire-curtain-rises-in-europe-amid-war-in-ukraine/ | 2022-11-17T11:39:52 | en | 0.969721 |
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