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Haryana government to waive interest on pending property tax till Dec 31
With an estimated Rs 1,000 crore outstanding payment, property owners or occupiers have been asked to deposit the tax before December 31, 2022, under the House Tax Interest Waiver Scheme implemented by the government in urban areas.
CHANDIGARH: Haryana's Urban Local Bodies Minister Kamal Gupta on Tuesday said the state government will give a waiver on payment of interest on pending property tax till December 31.
With an estimated Rs 1,000 crore outstanding payment, property owners or occupiers have been asked to deposit the tax before December 31, 2022, under the House Tax Interest Waiver Scheme implemented by the government in urban areas.
Under this scheme, complete interest is being waived on the outstanding house tax amount, Gupta told reporters here.
He said that earlier only 25 per cent people used to deposit property tax, but with the creation of property IDs, now all people would pay the tax to the urban local bodies department.
The minister said that after mapping and surveys, more than 42.70 lakh properties have been identified for property tax in urban areas. Out of this, property IDs of about 33 lakh have been made.
According to Gupta, more than 23.50 lakh new properties were identified after the survey. Of these, 1.98 lakh objections were registered.
"Out of these, one lakh objections were resolved and 60,000 objections were cancelled and 30,000 are pending. The officers below the rank of District Municipal Commissioner have been given the powers to remove these objections so that they can be resolved quickly," he said.
Gupta said that the process of regularising illegal colonies developed in different cities of the state is going on.
"During the survey, 2,237 illegal colonies have been identified. Of these, there are 1,399 colonies in the urban body area. Through the Resident Welfare Associations (RWAs), the government has called for applications to regularise these illegal colonies.
"So far, proposals for applications of 66 colonies have been received through RWAs. These colonies will be regularised soon," he said.
The government had decided to mark the parking areas at crowded places in the cities. The minister said that this is showing positive results and now people going to urban areas are parking their vehicles at designated places only.
"Marking will be done at designated places for parking of vehicles at public places like government offices, banks, schools etc. In eleven cities -- Gurugram, Faridabad, Yamunanagar, Panipat, Karnal, Rohtak, Hisar, Panchkula, Sonipat, Manesar and Ambala -- a target has been set to create marking places for parking 1.20 lakh two-wheelers and four-wheelers," he said.
Under the 'Mukhyamantri Shehri Nikaya Swamitva Yojna', the state received 7,077 applications to give ownership rights to tenants of houses and shops in urban areas residing there for more than 20 years.
"Out of these, ownership rights have been given to 1,761 and 1,304 applications have been cancelled and action is being taken on 4,012 applications," he said.
Further, the minister said 101 lakh metric tonnes of legacy waste were to be disposed of in the state under a solid waste management plan, of which 40 lakh metric tonnes of waste have been disposed of. The remaining waste will also be disposed of soon, he said.
Notably, legacy wastes are the wastes that have been collected and kept for years at some barren land or a place dedicated for landfill.
He said that 13 clusters have been formed in the state for door-to-door collection of garbage.
"Under this, a legacy plant of 700 metric tonnes capacity is operated in Sonipat and Panipat. A 1500 MT capacity plant will be set up soon in Gurugram and Faridabad. Apart from this, 638 MT capacity solid waste management plants are being set up in Karnal-Kaithal-Thanesar, 168 MT in Sirsa and 155 MT in Bhiwani," the minister said.
Waste management plants will soon be set up in Ambala-Yamunanagar, Rohtak-Bahadurgarh-Jhajjar, Hisar-Fatehabad, Jind, Rewari, Palwal-Punhana, Farukhnagar and Panchkula.
Enforcement directorate has provisionally attached certain lands in Kerala valued at Rs. 201.60 crore. The case relates to an inquiry regarding selling plots meant for "no profit no loss" category at exorbitant market prices in the Sobha International City, Gurugram.
No stamp duty, capital gains and income tax were paid as is required in a plain sale and transfer of property. The partnership entity, through which funds flowed in and out, let a new set of partners control the property. | https://realty.economictimes.indiatimes.com/news/industry/haryana-government-to-waive-interest-on-pending-property-tax-till-dec-31/96214411 | 2022-12-14T08:05:04 | en | 0.963007 |
ET RealEstate privacy and cookie policy has been updated to align with the new data regulations in European Union. Please review and accept these changes below to continue using the website.
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DDA to hold draw of lots for waitlisted applicants under housing scheme 2021 on Dec 15
The draw will be based on random number generation system and will be held in the presence of independent observers comprising a retired judge and senior officers of the central government, the DDA said in a statement.
NEW DELHI: Delhi Development Authority has decided to conduct the draw of lots for allotment of flats for waitlisted applicants under the Special Housing Scheme 2021 on December 15, officials said on Tuesday.
The draw will be based on random number generation system and will be held in the presence of independent observers comprising a retired judge and senior officers of the central government, the DDA said in a statement.
"The general public can view the live telecast of the draw on December 15 from 3 pm onwards through webex platform. The meeting no. of Web-ex id 2510 910 7937 and password is 12345," it said.
The scheme was launched on December 23, 2021 and closed on March 10, 2022.
As many as 18,335 flats of different categories in Dwarka, Narela, Rohini and Jasola, among other places, were offered under the scheme. These flats are those which remained "unsold in previous housing schemes" of the urban body.
The DDA had made the announcement for the scheme via a newspaper advertisement in which it said the flats were being sold at "discounted prices".
The DDA on April 18 had conducted a draw of lots for the scheme for applicants, which was live-streamed.
"DDA initially placed 18,335 flats located in 28 localities under the scheme. In response to it, only 12,387 applicants have deposited requisite registration fee, although around 22,100 got themselves registered," the DDA had earlier said.
Enforcement directorate has provisionally attached certain lands in Kerala valued at Rs. 201.60 crore. The case relates to an inquiry regarding selling plots meant for "no profit no loss" category at exorbitant market prices in the Sobha International City, Gurugram.
No stamp duty, capital gains and income tax were paid as is required in a plain sale and transfer of property. The partnership entity, through which funds flowed in and out, let a new set of partners control the property. | https://realty.economictimes.indiatimes.com/news/residential/dda-to-hold-draw-of-lots-for-waitlisted-applicants-under-housing-scheme-2021-on-dec-15/96214370 | 2022-12-14T08:05:11 | en | 0.971161 |
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Auto
Citroen eC3's launch confirmed for January 2023: Check features, design
Citroen is on a roll in India. The brand is now gearing up for the launch of its first-ever EV, the eC3, in January 2023, after unveiling the new iterations of the C3 and C5 Aircross. Test mules of the upcoming electric hatchback were spotted doing test runs on our shores in recent months. It will retain the silhouette of its ICE-powered sibling.
Why does this story matter?
- Electric vehicles are rapidly gaining popularity in India.
- With the launch of a relatively affordable Tata Tiago EV and the capable Nexon EV MAX, people are opting for EVs over ICE-powered vehicles for commutes within cities.
- To benefit from the ongoing trend, French automaker Citroen is now planning to introduce its first battery-powered car, the eC3, in the Indian market in January.
The hatchback will feature bumper-mounted headlights and 15-inch wheels
The upcoming Citroen eC3 will retain the overall design from the C3 and will flaunt a sculpted clamshell bonnet, bumper-mounted headlights, split-type v-shaped DRLs, a raked windscreen, and a closed-off grille. The EV will be flanked on the sides by indicator-mounted ORVMs, roof rails, flared wheel arches, and 15-inch wheels. Wrap-around taillights and a roof-mounted spoiler will grace the rear end.
It should have a range of up to 250km
The technical details of the new Citroen eC3 are yet to be disclosed. However, we expect the hatchback to draw power from an electric motor paired with a 50kWh battery pack. The EV will likely have a range of somewhere between 200km and 250km.
The EV will flaunt a two-tone dashboard and multiple airbags
On the inside, the upcoming Citroen eC3 will retain the spacious cabin from the C3 and will likely feature a quirky-looking two-tone dashboard, keyless entry, a start/stop button, connected car technology, manual AC, and a multifunctional steering wheel. The EV should house the same 10.0-inch infotainment panel with Android Auto and Apple CarPlay. Passengers' safety will be ensured by multiple airbags, ABS, and EBD.
Citroen eC3: Pricing
The pricing and availability details of the upcoming Citroen eC3 will be disclosed by the automaker at the launch event scheduled in January. We expect the electric hatchback to carry a premium over the ICE-powered model, which starts at Rs. 5.71 lakh (ex-showroom) in India. | https://www.newsbytesapp.com/news/auto/new-citroen-ec3-to-arrive-in-january/story | 2022-12-14T08:06:18 | en | 0.928616 |
Business
Cryptocurrency prices: Check today's rates of Bitcoin, Ethereum, Tether, XRP
Bitcoin has climbed by 3.4% over the last 24 hours and is now trading at $17,778.82. It is 4.1% higher than the previous week. Ethereum, the second most popular token, is up by 3.6% from yesterday and now trades at $1,320.47. It is up 3.8% from last week. They have market capitalizations of $342.01 billion and $159.17 billion, respectively.
What is the status of other popular cryptocurrencies today?
BNB is trading at $274.60, which is 2.9% higher than yesterday and 5.4% down since last week. The current price of XRP is $0.33, up 2.0% in the last 24 hours. It is 0.4% lower compared to last week. Cardano and Dogecoin are trading at $0.33 (up 1.0%) and $0.099 (up 1.3%), respectively.
Solana has declined 2.8% since last week
Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $13.89 (up 5.6%), $5.28 (up 3.1%), $0.0000099 (up 3.3%), and $0.99 (up 2.0%), respectively. On the basis of the weekly chart, Solana is down 2.8%, while Polka Dot has fallen 4.0%. Shiba Inu has lost 1.8% of its value in the last seven days, whereas Polygon has gained 0.2%.
Today's top 5 gainers
The top five gainers based on the 24-hour movement are Toncoin, Fantom, Lido DAO, BitDAO, and OKB. They are trading at $2.47 (up 10.44%), $0.22 (up 9.01%), $1.14 (up 7.85%), $0.33 (up 7.23%), and $23.05 (up 7.09%), respectively.
Where do the well-known stablecoins stand now?
A stablecoin is a cryptocurrency with extremely low volatility. Its value is pegged to a real-world asset such as fiat currency or gold. Among the popular tokens, Tether, USD Coin, and Binance USD are trading at $1 (down 0.1%), $0.99 (down 0.2%), and $1 (flat), respectively. Terra Classic is listed at $0.00011 (up 1.17%).
Check out today's top 5 losers
The biggest losers of the day are Neutrino USD, Stacks, GMX, MultiversX (Elrond), and Osmosis. They are trading at $0.77 (down 10.64%), $0.22 (down 9.26%), $54.21 (down 8.89%), $43.77 (down 1.69%), and $0.99 (down 1.50%), respectively.
Take a look at the top cryptocurrency spot exchanges
On the basis of traffic, liquidity, trading volumes, and confidence in the legitimacy of trading volumes, Binance, Coinbase Exchange, and Kraken are the top three cryptocurrency spot exchanges. The 24-hour volumes of Binance and Coinbase Exchange are $15.94 billion (up 74.93%) and $1.84 billion (up 88.98%), respectively. Kraken recorded a volume of $0.8 billion which is up 40.82% from yesterday.
Take a look at today's leading DeFi tokens
DeFi, short for decentralized finance, is an umbrella term for global, peer-to-peer financial services on public blockchains. Dai, Uniswap, Avalanche, Wrapped Bitcoin, and Chainlink are some of the prominent DeFi tokens. They are trading at $1 (up 0.01%), $6.10 (up 0.16%), $13.67 (down 0.70%), $17,760.27 (up 0.03%), and $6.87 (down 0.07%), respectively.
Take a look at the top 5 NFT tokens today
Non-fungible tokens (NFTs) are cryptocurrencies that lack the fungibility property, which means they cannot be exchanged for other tokens. Among the popular NFT tokens are ApeCoin, Flow, Tezos, Chiliz, and The Sandbox. They are currently trading at $4.05 (down 0.44%), $0.99 (down 0.13%), $0.99 (down 0.07%), $0.11 (down 0.05%), and $0.55 (up 0.16%), respectively.
Total cryptocurrency market capitalization
The current global crypto market cap is $869.46 billion, a 2.11% increase over the last day. The total crypto market volume over the last 24 hours is $53.25 billion, which marks a 44.84% increase. Last month, the global crypto market cap was $824.95 billion, while three months back, the total capitalization stood at $987.95 billion. | https://www.newsbytesapp.com/news/business/cryptocurrency-prices-14-12-2022-rates-of-bitcoin-ethereum-tether/story | 2022-12-14T08:06:24 | en | 0.931786 |
Career
IIT Madras launches dual degree programme on Quantitative Finance
The Indian Institute of Technology (IIT) Madras has officially made available a new Interdisciplinary Dual Degree (IDDD) program on Quantitative Finance. The new program would be jointly offered by the Computer Science and Engineering and Mathematics and Departments of Management Studies for BTech dual degree students. All IIT Madras' undergraduate engineering candidates are eligible to enroll in the IDDD's Quantitative Finance course.
Details on the new program
All candidates who have already enrolled have the ability to begin the IDDD in Quantitative Finance during their sixth semester. According to an official statement from IIT Madras, it is going to have an intake of a total of 25 students. Furthermore, the first batch of candidates is set to be joining next year in January.
Understanding the IDDD program
The IDDD program has been put together to allow students to adapt quickly to changes in finance and bridge the gap between process technologies, finance, and the application of modern products. The institution stated that this course needs a fairly comprehensive use of quantitative methods and theoretical reasoning. IIT Madras Dean Professor Prathap Haridoss: "This course belongs to the IDDD family of five-year programs."
Ideal for students preparing for careers involving design: Thenmozhi
"This course is ideal for students preparing for careers involving design and management of new financial instruments development of innovative methods for measuring or predicting and managing risk. The main focus will be to provide insights into advanced financial tools and techniques and their applications," IIT Madras Department of Management Studies (DoMS) Head Professor M Thenmozhi was quoted as saying by NDTV.
This course exposes students to the latest data science: Ravindran
IIT Madras has 12 Interdisciplinary Dual Degrees (IDDD), as of date, in cutting-edge areas like Machine Learning, Artificial Intelligence, Data Science, Electric Vehicles, and Robotics, among others. IIT Madras Robert Bosch Centre for Data Science and AI Head, Professor B Ravindran, stated: "The course exposes the students to the latest data science and AI techniques that are applied in the field of quantitative finance."
Unique aspects of IDDD programme on Quantitative Finance
The course is a unique blend of finance and technology and allows students to contribute to the digitalization of the banking and finance industry. All the graduating candidates would find mouth-watering prospects in financial intermediaries, Fintech, and portfolio management companies. The course allows budding entrepreneurs to develop ingenious products in finance and pushes start-up venture ideas. | https://www.newsbytesapp.com/news/career/iit-madras-launches-interdisciplinary-quantitative-finance-dual-degree/story | 2022-12-14T08:06:31 | en | 0.942216 |
Entertainment
Day 26 box office: Ajay Devgn's 'Drishyam 2' holds strong
Ajay Devgn-led Drishyam 2 is having an amazing run at the box office. The film crossed the Rs. 200 crore mark last weekend. The second installment received critical acclaim too. Fans have embraced the film even on Day 26 but the numbers are declining as other films have started taking over the theaters. Even after declining figures, the film holds the fort quite strongly.
Why does this story matter?
- Drishyam is one of the most successful film franchises in Indian cinema. Jeethu Joseph's Mohanlal-starrer Malayalam franchise bowled over the viewers with two films so far and has been praised by everyone.
- Its Hindi remakes have also impressed audiences. Devgn-starrer Drishyam (2015) reportedly earned over Rs. 111cr worldwide, and its 2022 sequel has already entered the Rs. 200cr club and still minting money.
Hall occupancy is reducing for 'Drishyam 2'
On Day 26, as per trade reports, the film earned Rs. 1.5cr approximately. The film has overall earned Rs. 212.86cr domestically. The film was made on a humble budget of Rs. 50cr and has earned Rs. 302.98cr overall, making it one of the most successful movies of 2022. As far as Hindi hall occupancy is concerned, it held the fort with 8.36%.
Other films' box office performances
With new films like Ayushmann Khurrana-led An Action Hero, Varun Dhawan-led Bhediya, and Kajol-led Salaam Venky, the hall occupancy has shifted to these. Khurrana's film earned Rs. 15 crore in 10 days, whereas Bhediya has earned over Rs. 81.72 crore. Salaam Venky has earned around Rs. 2.57 crore after the first weekend and is facing competition from the three other major films.
More about 'Drishyam 2'
Drishyam 2 stars Devgn, Shriya Saran, Akshaye Khanna, and Tabu in lead roles. The supporting cast includes Ishita Dutta, Rajat Kapoor, and Mrunal Jadhav. It was shot by Sudhir K Chaudhary. Though the sequel is directed by Abhishek Pathak, the first part was directed by late filmmaker-actor Nishikant Kamat. Drishyam 2 was also remade in Telugu—starring Venkatesh Daggubati and Meena—as Drushyam 2 (2021). | https://www.newsbytesapp.com/news/entertainment/bo-collections-ajay-devgn-led-drishyam-2-surpasses-200cr-mark/story | 2022-12-14T08:06:37 | en | 0.975226 |
Entertainment
Shah Rukh to promote 'Pathaan' at FIFA World Cup finals
As Shah Rukh Khan's comeback movie Pathaan's release is around the corner, the makers are leaving no stone unturned to promote the movie. And, Khan has also been busy with promotional activities. In a recent update, it is reported that the Badshah of Bollywood is set to promote the movie during the finals of the FIFA World Cup. Read on to know more.
Why does this story matter?
- Following over four years of hiatus (2018's Zero was his last movie), Khan is set to make a smashing comeback to the big screens with Pathaan.
- Though he made cameo appearances in films such as Brahmastra: Part One—Shiva and Rocketry: The Nambi Effect, Pathaan will mark his first full-fledged movie in years.
- So, all updates about it are making the headlines.
Video of SRK speaking about Lionel Messi went viral
A video of Khan speaking about Argentinian football star Lionel Messi was shared by an SRK fan page; it looks like he will appear during the FIFA World Cup finals on December 18. Though there's no official confirmation of this news, it has sent fans into a frenzy. Fans are sharing the video, expressing their excitement about seeing SRK during the final match.
Twitter Post
Shah Rukh Khan to promote Pathaan at #FIFAWorldCup #FIFAWorldCupQatar2022 #FIFAWorldCup2022 final! 🔥#Pathaan #ShahRukhKhan #SRK #BesharamRang #ArgentinaVsCroatia #Messi pic.twitter.com/vKcf9Q5jFW
— Shah Rukh Khan Universe Fan Club (@SRKUniverse) December 13, 2022
'Pathaan' first single was released recently
Speaking of Pathaan, the makers, on Monday, released the first single of the movie titled Besharam Rang. It features the lead actors Khan and Deepika Padukone. Composed by Vishal and Sheykhar, Besharam Rang has been sung by Shilpa Rao while Kumaar has rendered the Spanish part. It features the lead actors sharing jaw-dropping chemistry, as promised by director Siddharth Anand.
All you need to know about 'Pathaan'
Pathaan will be released on January 25, 2023. It also stars John Abraham in a lead role. SRK will essay the titular role of R&AW agent Feroz Pathaan. The film marks Khan and Padukone's fourth collaboration after Om Shanti Om, Happy New Year, and Chennai Express. After Pathaan, King Khan has Dunki with Rajkumar Hirani co-starring Taapsee Pannu, and Jawan with Atlee co-starring Nayanthara. | https://www.newsbytesapp.com/news/entertainment/srk-to-promote-pathaan-at-fifa-world-cup-finals/story | 2022-12-14T08:06:43 | en | 0.949137 |
India
Zika vaccine will be available in India soon: NTAGI chief
The National Technical Advisory Group on Immunisation (NTAGI) chief Dr. NK Arora said on Tuesday that efforts are on to develop a Zika virus vaccine in India to combat potential epidemics. He stated that the Zika virus is a priority pathogen that must be prevented. Arora expressed hope that India will be one of the first countries to receive the vaccine.
Why does this story matter?
- India reported some Zika virus cases in Maharashtra, Kerala, and Uttar Pradesh a few months ago.
- On Monday, Karnataka reported its first case where a five-year-old girl was confirmed to be infected with the virus.
- Zika primarily spreads through mosquito bites but can also be transmitted through unprotected sex as the virus has been detected in semen, vaginal fluids, saliva, and urine.
What did NTAGI chief say?
"Zika virus is a priority virus for which both preventive measures have to be taken. There are efforts now to develop a Zika vaccine in this country and we are hopeful we will be among the first few countries where the vaccine will be available," Arora said. He said the country should also be ready to fight the outbreak as it infects fetuses.
Latest case found in Karnataka, 5-year-old girl tests positive
On Monday, a five-year-old girl from Karnataka became the country's latest confirmed case of the Zika virus, PTI reported. According to Health Minister Dr. K Sudhakar, this is the first incidence in the state, and the administration is closely watching the issue. "Our department is fully prepared to handle it," he told the news agency.
Where did Zika virus originate?
After being identified in monkeys in 1947, Zika was later detected in humans in 1952 in Uganda and the United Republic of Tanzania. Slowly, Zika started spreading in Asia in India, Indonesia, Pakistan, and Malaysia between 1969-1983, where it was detected in mosquitos. The first large outbreak was reported in 2007 in Yap Islands, Micronesia. During 2015-16, Zika triggered a major crisis in Brazil.
Symptoms of the infection
The most common symptoms of the Zika virus infection include fever, rash, joint pain, headache, conjunctivitis, and muscle pain. Mild symptoms usually last for several days to a week. In rare cases, the infection can cause brain or nervous system complications like Guillain-Barre syndrome. Women infected with Zika during pregnancy can be exposed to the risk of miscarriage or severe birth defects in newborns.
Can we treat or prevent Zika infection?
There is no special treatment or vaccine available for Zika infection, but mild symptoms can be easily managed with antipyretics or analgesics. You can protect yourself against mosquito bites by applying insect repellent to the exposed skin and wearing light-colored clothing that covers your body. Use mosquito nets while sleeping and use protection during sexual intercourse, especially in areas with active Zika transmission cases. | https://www.newsbytesapp.com/news/india/india-in-process-to-develop-zika-virus-vaccine/story | 2022-12-14T08:06:49 | en | 0.957973 |
Lifestyle
5 Indian cake recipes to try this Christmas
With Christmas Day almost here, why always opt for western cakes and pastries when our very own Indian sinful desserts can surprise you with their taste and texture? Indian cake recipes are not only nutritious and wholesome but also delicious as well. The addition of luscious toppings makes them even more decadent. Here are five desi cake recipes to try.
Milk cake
This sweet Indian mithai resembles a cake. Combine together milk powder and little cold milk and keep aside. Add milk, ghee, sugar, a pinch of alum or phitkari, and the milk powder mix to a kadhai and combine everything well. Cook the mixture well while stirring continuously for approximately 25 minutes until thick. Garnish with edible silver sheets, cut into pieces and serve.
Atta cake
This light, fluffy and soft cake can be had as an evening tea-time snack or as a post-dinner dessert. Mix together atta, jaggery, baking powder, cinnamon powder, and soda bicarbonate in a bowl. Blend together yogurt and oil in another bowl. Combine the wet and dry ingredients and fold well. Bake the batter for one hour and 15 minutes. Serve hot.
Allahabadi cake
Cook together sugar and warm water in a pan until the sugar dissolves. Keep it aside. Whisk together the dissolved sugar and butter in a bowl until soft peaks form. Add eggs and beat well. Add soaked raisins and petha and mix again. Place the batter in an oil-greased cake tin and bake for a few minutes. Enjoy your cake with some tea.
Masala chai cake
Boil milk along with tea leaves, cinnamon sticks, grated ginger, and cloves. Brew the tea and strain. Sieve together flour, baking powder, salt, baking soda, and cardamom powder. Whisk together yogurt, oil, and sugar in another bowl. Add the dry ingredients and brewed tea to the yogurt mix and whisk well. Bake the batter for 30-35 minutes in an oil-greased pan and serve.
Gur and til cake
Whisk together eggs and jaggery powder in a bowl until fluffy. Add refined flour, and roasted white sesame seeds into the batter and mix well. Add melted butter and combine everything well. Pour the batter into an oil-greased mold and bake at 180 degrees Celsius for 45 minutes. Melt together jaggery and butter and spread this mixture on top of the cake. Serve immediately. | https://www.newsbytesapp.com/news/lifestyle/5-desi-indian-cake-recipes/story | 2022-12-14T08:06:55 | en | 0.93422 |
Lifestyle
Food chromotherapy: Why we should be eating different colored foods
The colors present in the food add a variety of phytochemicals and nutrients to our diet. To understand this in detail, we touched base with Shweta Dhyani, a New Delhi-based ayurvedic diet and nutrition coach. She says, "The more colors you add to your diet, the less you have to depend on medicines to fulfill your daily needs of micro and macronutrients."
Yellow foods
Yellow foods like bell peppers, mangoes, and lemons get their color from phytochemical carotenoids. They are rich in beta-carotene and are a good source of vitamin C. Nutrition coach Dhyani says, "The yellow color present in lime and guava is good for indigestion, constipation, kidney disorders, eye, and throat infections." Additionally, yellow-colored foods are suitable for detoxifying the liver and gallbladder.
Red foods
Red fruits and vegetables get their color from phytochemicals anthocyanine and lycopene. While anthocyanine is known for its antioxidant properties, lycopene has cancer-fighting agents. According to Dhyani, "The red color in beet, radish, tomatoes, and berries is ideal for low blood pressure and anemia." Red foods also contain a large number of flavonoids, which have anticancer, antioxidant, anti-inflammatory, and antiviral properties
Purple foods
The color purple present in certain fruits and vegetables reduces hunger because they are perceived as less appetizing. The phytochemicals anthocyanin and resveratrol give them a purple color. Purple foods are rich in magnesium and other elements important for brain function. "Purple cabbage and lettuce leaves are beneficial for severe constipation, migraine, stomach issues, and skin problems," says Dhyani.
Green foods
At the level of perception, green fruits and vegetables give stability and calm our voracity. They get their color from chlorophyll and contain magnesium and carotenoids like lutein. These nutrients are useful in preventing tumors and are good for eyesight, the nervous system, and blood pressure. "Spinach, pea, lettuce, gourds, and amla are good to treat ulcers, weak eyesight, colds, and influenza," mentions Dhyani.
Orange foods
Orange foods such as carrots, oranges, pumpkin, butternut, peach, and mango also contain carotenoids, which are the source of their color. Carotenoids have several medicinal benefits, they reduce inflammation, build a strong immune system, and maintain your eye health among others. According to Dhyani, "the orange color in certain fruits and vegetables is good for people having kidney and gallstones." | https://www.newsbytesapp.com/news/lifestyle/food-chromotherapy-color-therapy-through-food/story | 2022-12-14T08:07:01 | en | 0.948828 |
Politics
Rajasthan: Former RBI governor Raghuram Rajan joins Bharat Jodo Yatra
Former Reserve Bank of India (RBI) Governor Raghuram Rajan joined the Congress Party's Bharat Jodo Yatra (BJY) led by Rahul Gandhi, which is now traveling across Rajasthan. Rajan joined the yatra for a short while today as it resumed from Bhadoti village of Rajasthan's Sawai Madhopur district. Notably, many politicians and celebrities joined Gandhi on BJY, which began on September 7, 2022, at Kanyakumari.
Why does this story matter?
- Rajan's participation comes at a time when the Opposition criticized the central government over economic issues in the parliament.
- Bharat Jodo Yatra is billed to be the longest political march organized by any party in India's history.
- It's also a novel move by Congress to rejuvenate its foothold amid many poll setbacks.
- The party's 3,570-km yatra is expected to give it a much-needed boost.
Rajan's participation caught the eyeballs
A leading economist of the country, Rajan has been critical of the Modi government on several occasions and was even accused of putting roadblocks on different economic policies of the Centre. BJP calls him the 'blue-eyed boy' of the Opposition for his continued criticism of the government. His presence at BJY may start rumor mills of him joining Congress ahead of 2024 General elections.
Controversy around Bharat Jodo Yatra
Before Rajan, several controversial personalities also joined Gandhi in his march, including activist and politician Yogendra Yadav and Narmada Bachao Andolan activist Medha Patkar. While Yadav released a video praising the march, Patkar's participation had given BJP ammunition to attack Congress ahead of the Gujarat elections. Patkar is heading the campaign against Gujarat's Sardar Sarovar Project.
Watch: Video of Raghuram Rajan at BJY
Former Governor of RBI, Dr. Raghuram Rajan joined Rahul Gandhi in today’s #BharatJodoYatra pic.twitter.com/BQax4O0KSF
— Darshnii Reddy ✋🏻 (@angrybirddtweet) December 14, 2022
Other prominent personalities who walked with Gandhi
Earlier, many politicians, activists, and celebrations joined Gandhi in his journey. Veteran filmmaker Amol Palekar and his wife, writer Sandhya Gokhale, walked with Gandhi in Maharashtra. Several other celebrities like Swara Bhaskar, Riya Sen, Pooja Bhatt, and Rashami Desai also participated. Congress had invited over 150 activists including Aruna Rai, Medha Patkar, PV Rajagopal, Devenura Mahadev, Ali Anwar, Dr. Sunilam, Bezwada Wilson.
Who is Raghuram Rajan?
Rajan was born on February 3, 1963, in Bhopal. Son of an IPS officer, he grew up to become an economist and held several top posts, including head economist at the International Monetary Fund (IMF). He was appointed Governor of the RBI in 2013. Rajan was instrumental in guiding the country through a number of financial crises, notably the 2008 economic crisis.
Yatra will cover 500 km in Rajasthan till December 21
Before entering Rajasthan, the yatra, which began on September 7 in Kanyakumari, Tamil Nadu, traveled through Tamil Nadu, Kerala, Andhra Pradesh, Karnataka, Telangana, Maharashtra, and Madhya Pradesh. It has just entered Rajasthan and will travel around 500 kilometers in 17 days before crossing into Haryana on December 21. | https://www.newsbytesapp.com/news/politics/ex-rbi-governor-raghuram-rajan-joins-bharat-jodo-yatra/story | 2022-12-14T08:07:07 | en | 0.966111 |
Politics
KCR starts BRS activities in Delhi with 2-day Vedic yajna
Telangana's Chief Minister K Chandrashekhar Rao marked the official launch of his national party, Bharat Rashtra Samithi (BRS) with Raja Shyamala Yagam, a two-day Vedic ritual to seek blessings for attaining power, in Delhi on Tuesday at 9 am. He reached Delhi with his wife Shobha, senior party leaders, a group of priests, and an entourage of 800 party workers.
Why does this story matter?
- In October, KCR renamed his state party Telangana Rashtra Samithi to BRS and declared it a national party, with eyes set on the 2024 Lok Sabha elections against the ruling Bharatiya Janata Party (BJP).
- The Election Commission of India (ECI) okayed the name change on Thursday.
- He is eyeing a key role in national politics with the third front in mind.
KCR to inaugurate party headquarters
A pandal is installed for the yajna on the premises of the under-construction party headquarters at Sardar Vallabhbhai Patel Marg. This is the first time KCR has visited Delhi since announcing the launch of BRS in Hyderabad. After the completion of the ritual, he will inaugurate the party's national headquarters between 12:37 pm and 12:47 pm, and will unfurl the party's new flag.
Hoardings proclaiming KCR as 'Desh Ki Netha'
BRS Chief and #Telangana CM #KCR along with party top leaders will reach Delhi tomorrow and perform Raja Shyamala Homam in the national capital.
— Ashish (@KP_Aashish) December 11, 2022
Raja Shyamala Homam blesses one with Power, Status and helps in overcoming any govt-related or business problems #BharatRashtraSamithi pic.twitter.com/G7Z2Wib2ld
Priests from Chikmaglur's Sringeri Peetham
The yajna started with Ganapati Homam and Nava Chandi Homam, worshiping Lord Ganesh and the nine forms of Goddess Durga respectively. The Nava Chandi Homam will continue till Wednesday followed by the Raja Shyamala Yagam. As many as 12 Ritwiks (priests drafted for performing yajna) participated in the ritual headed by Gopi Krishna Sharma and Phani Shashanka Sharma from Sringeri Peetham in Karnataka.
KCR to meet Dalit, OBC, farmer outfits
Top leaders from various "like-minded" political parties countrywide, and representatives of several farmers' organizations have been invited to the event, said Telangana state legislative affairs minister Vemula Prashant Reddy. KCR could stay in the national capital for a week during which he will identify party representatives in other states, and discuss BRS's strategy with the organizations of farmers, Dalits, and Other Backward Classes (OBC). | https://www.newsbytesapp.com/news/politics/kcr-starts-brs-activities-in-delhi-with-yajna/story | 2022-12-14T08:07:13 | en | 0.9473 |
Technology
NASA's Hubble telescope captures glittering galaxy 200,000 light years away
NASA's Hubble Space Telescope has captured a star-studded image of a small region, in a dwarf galaxy called Small Magellanic Cloud (SMC). The highlight of the picture is an open star cluster known as NGC 376. It has a mass of about 3,400 times that of the Sun. SMC, which lies 200,000 light years from Earth, is one of the Milky Way's closest neighbors.
Why does this story matter?
- Hubble's image depicts only a small fraction of SMC, which contains close to hundreds of millions of stars.
- SMC pairs with the Large Magellanic Cloud (LMC) and both cosmic objects are best visible from the Southern Hemisphere. However, they can also be seen from certain Northern regions.
- Recently, Hubble captured a 'brilliant blue' star cluster in the constellation Mensa located in the LMC.
What's the difference between open and globular star clusters?
Open clusters are much smaller and more sparsely populated than globular clusters. They consist of young, loosely bound stars. Globular clusters are comparatively larger and the stars are tightly bound by gravitational forces. Their centers appear as a continuous blur of starlight because they are brimming with stars. Our own Milky Way galaxy is home to more than 150 globular star clusters.
How was the picture shot?
Even in the most densely populated sections of this image, individual stars can be distinguished in NGC 376 as it is an open cluster. The data from this image has been put together from two different investigations that were carried out using two Hubble instruments, namely the Wide Field Camera 3 (WFC3) and Advanced Camera for Surveys (ACS).
The second investigation threw light on the lives of stars
The first investigation, which used the ACS, probed into a handful of star clusters in the SMC and helped astronomers explore subjects, including the abundance of low- and high-mass stars in different environments. The second investigation relied on both the WFC3 and ACS and aimed to answer fundamental questions like precisely where, when, why, and how stars form. | https://www.newsbytesapp.com/news/science/nasa-s-hubble-space-telescope-captures-glittering-neighbor-galaxy/story | 2022-12-14T08:07:19 | en | 0.947449 |
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View More | https://indianexpress.com/web-stories/food/prepare-this-healthy-fuss-free-quinoa-corn-cutlet-today/ | 2022-12-14T08:07:19 | en | 0.88392 |
Citation
Chen G, Hou J, Liu C. Foods 2022; 11(23): e3836.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publications Institute)
DOI
10.3390/foods11233836
PMID
36496644
Abstract
Food storage helps to ensure the food consumption needs of non-agricultural populations and to respond to major natural disasters or other emergencies, and the application of food storage technology can reduce post-harvest food losses. However, there are still obvious shortcomings in coping with large grain losses. Therefore, quantitative analysis of the research hotspots and evolutionary trends of grain storage technology is important to help the development of grain storage technology. This article uses the Web of Science database from 2007 to 2022 as a data sample with the help of CiteSpace software to analyze the basic situation, research hotspots, and evolutionary trends to draw a series of relevant knowledge maps. Visual analysis revealed that the number of publications had grown rapidly since 2015. First, the Journal of Stored Products Research, Journal of Economic Entomology, and Journal of Agricultural and Food Chemistry, with citation frequencies of 929, 536, and 453, should be focused on in order to keep up with the latest research developments in this field. The United States, China, and Brazil occupy dominant positions in relation to grain storage technology studies in general. Purdue University, Kansas State University, and Agricultural Research Institute ranked the top three in terms of the number and centrality of publications. In terms of research hotspots, the centrality of temperature, insects, carbon dioxide, and quality were 0.16, 0.09, 0.08, and 0.08. It shows that the field of grain storage technology in recent years has focused on grain storage temperature, pest control, and grain storage quality research. From the perspective of the evolution trend, the life cycle of emergent words lasts for several years, after which the strength of emergent words slowly decreases and is replaced by new emergent words. Mortality was the first keyword to appear and remained from 2007 to 2011, indicating that research on fumigants and their toxicity, as well as pest mortality under air fumigation and chemical fumigation conditions, became more popular during this period. In recent years, new terms have emerged that had never been used before, such as "grain quality" (2019-2022) and "stability" (2020-2022). We can find that people pursue food quality more with the improvement of people's living standards. In this context, future research should seek more efficient, safe, economical, and environmentally friendly methods of grain storage and continuously improve the level of scientific grain storage.
Language: en
Keywords
visualization; CiteSpace; food security; grain storage; postharvest losses | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739108_15 | 2022-12-14T08:07:23 | en | 0.929095 |
Technology
MIT researchers are building autonomous, self-replicating robots: Here's how
A robot capable of replicating itself autonomously is a scary prospect. At least, that's what Arnold Schwarzenegger and Terminator taught us. We are still quite far from building such robots, but we might be closer than you'd imagine. Researchers at the Massachusetts Institute of Technology are working on robots that can self-assemble and build almost anything. Their research has yielded positive results so far.
Why does this story matter?
- Robots that are capable of building anything will be a great boon as they will make several day-to-day human activities more efficient.
- The potential of such robots is endless. Cars, buildings, power plants, and even habitat systems on faraway planets...the ability to autonomously assemble such structures will be a giant leap for robotics.
- This invention can deeply impact the future of space exploration.
MIT's CBA is involved in the project
Engineers at MIT's Center for Bits and Atoms (CBA) are working on an ambitious project, designing robots that can self-assemble. Even they would admit that they are quite far from achieving that goal. However, a paper published in the journal Nature Communications Engineering shows that they are making important strides toward achieving the ultimate objective. Let's take a look at what they have built.
The system is based on pieces called 'voxels'
The scientists have built an assembly system that is centered around 'voxels,' the 3D equivalent of pixels. They carry power and data that can be shared between pieces. These pieces form the robot's foundation. The robot moves independently, grabbing and attaching additional voxels before moving across the grid for further assembly. To build other robots, the system also uses grippers and actuators.
The system knows how to work out complex tasks
The assembly system is a step in the right direction toward building autonomous, self-assembling robots. One of the main hurdles of such systems is building proper intelligence within them. The robots need to determine how and where to build, when to build a new robot, and how to avoid bumping into each other. CBA's assembly system takes all these into account.
CBA's assembly system can multiply into a hierarchical robot system
Previous assembly systems were limited in their ability to build large structures. They could only build large ones until they reached a certain size in comparison to the robot. CBA's system, however, can "build recursively and could 'multiply' into a hierarchical robot system that can build much larger structures," said Amira Abdel-Rahman, the lead author of the paper. | https://www.newsbytesapp.com/news/science/scientists-are-building-robots-that-can-build-themselves/story | 2022-12-14T08:07:25 | en | 0.965644 |
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View More | https://indianexpress.com/web-stories/life-style/3-remedies-to-care-for-your-eyes-and-reduce-pressure/ | 2022-12-14T08:07:26 | en | 0.88392 |
Citation
Kim K, Kim H, Lee M, Jung W, Choi D. Int. J. Environ. Res. Public Health 2022; 19(23): e15588.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publishing Institute)
DOI
10.3390/ijerph192315588
PMID
36497661
Abstract
Although agricultural machines are the leading cause of agricultural injury, there are few comparative studies on the injury risks associated with different types of agricultural machines. Therefore, we compared the injury rates and risks of various agricultural machine types in South Korea using data from comprehensive agricultural machine insurance, which is partially paid for by the government. Specifically, we conducted a retrospective cross-sectional study using 2014-2019 data on subscriptions and 2014-2020 data on compensation for personal bodily injury from comprehensive agricultural machine-related insurance coverage. We calculated the agricultural machine-related injury rate for each machine type and analyzed the factors affecting the injury using logistic regression. Between 2014 and 2020, 2061 recorded agricultural machine-related injuries occurred for 338,418 comprehensive agricultural machinery insurance subscriptions. The annual average number of injuries per 1000 agricultural machines was 6.1, showing an annual increase. Multivariate logistic regression analysis revealed that the risk of injury increased with age, which was 2.3 times higher for tillers and power carts than for tractors. There is thus a need for legal safety measures, particularly related to high-risk agricultural machines (e.g., power tillers) and individuals (e.g., older drivers), as well as specific driving licenses and regular inspections of agricultural machinery.
Language: en
Keywords
injury; agriculture; farmer; machine; occupational | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739123_15 | 2022-12-14T08:07:29 | en | 0.905626 |
Sports
FIFA World Cup 2022 semi-finals, France vs Morocco: Statistical preview
Heavyweights France will lock horns with Morocco in the second semi-final of the FIFA World Cup 2022 on December 15 (12:30 AM IST). Reigning champions France seek their third World Cup honor. Meanwhile, Morocco started as the dark horse in the 2022 edition. Walid Regragui's men have shown a clutch gene like no other to stay unbeaten in Qatar. Here is the statistical preview.
A look at their head-to-head record
France have never lost a game against Morocco, with all five of their meeting in international friendlies (W3 D2). Both teams played out a 2-2 draw in their last meeting in Saint-Denis in November 2007.
France's seventh WC semi-final appearance
France will play their seventh World Cup semi-final. They were eliminated in each of their first three attempts in the semi-finals (1958, 1982, and 1986). Interestingly, they have won each of their last three matches at this stage (1998, 2006, and 2018). France ended up winning the tournament in 1998 and 2018.
France eye glory over Morocco
France have alternated between a win and loss in their six World Cup meetings with African nations, losing 1-0 against Tunisia in the group stage in Qatar. No team has ever lost against two different African sides in the same World Cup before.
France's indomitable run in 2022 WC
France dealt an emphatic 4-1 win to Australia in their opening fixture. Kylian Mbappe's second-half brace helped the 2018 winners beat Denmark 2-1. Didier Deschamps' men then suffered a shocking 0-1 defeat to Tunisia but found the top spot in Group D standings. Mbappe starred once again as France downed Poland 3-1 in R16. France prevailed 2-1 against England to reach the semis.
Mbappe, Giroud eye these numbers
Mbappe has raced to nine goals in the FIFA World Cup, including five in the 2022 edition. He is one shy of equaling England's Gary Linekar, and Germany's Thomas Muller. Olivier Giroud has scored five goals for France in the World Cup. He needs one more to become their joint-third-highest scorer in the tournament alongside Thierry Henry.
Morocco have thrived at the biggest stage
Under Regragui, Morocco have turned up as a side to beat in Qatar. Morocco held Croatia to a 0-0 draw, before commanding a 2-0 win over Belgium. The Atlas Lions overcame Canada 2-1 to finish atop Group F standings. Morocco pulled one of the biggest WC upsets by knocking out Spain in R16 via a penalty shoot-out. Morocco stunned Portugal to enter the semis.
Morocco on the cusp of scripting history
Morocco can become the first African nation to reach the World Cup final. It's already the best run by an African side in the competition's history. No opposition player has scored against Morocco so far at the 2022 WC, with the only one they conceded coming via an own goal in the 2-1 win against Canada in the group stage.
Can Morocco win it all?
Morocco have kept four clean sheets so far in Qatar. Notably, the last two sides to record five clean sheets in a single edition of the WC went on to lift the trophy (Italy 2006 and Spain 2010).
En-Nesyri and Ziyech have been class acts in Qatar
Sevilla striker Youssef En-Nesyri (3) is now the record scorer for Morocco in the World Cup. He attained the feat in Morocco's 1-0 win over Portugal in the quarter-finals. As per Squawka, Chelsea winger Hakim Ziyech is the only Moroccan player to score and assist in the 2022 WC, attempting more shots and creating more chances than any other team-mate. | https://www.newsbytesapp.com/news/sports/fifa-world-cup-2022-semi-finals-france-vs-morocco-preview/story | 2022-12-14T08:07:31 | en | 0.954682 |
Citation
Zhang S, Yu C. Int. J. Environ. Res. Public Health 2022; 19(23): e15595.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publishing Institute)
DOI
10.3390/ijerph192315595
PMID
36497669
Abstract
Both insufficient sleep and self-injury are rising public health issues among middle school students. Understanding their relationship may guide the intervention and policy making to help youths gain a healthy life. Thus, we analysed the data collected from the Shanghai Students Health Risk Behavior Surveillance (2015) in the Huangpu District. Self-injury was self-reported and categorized into ever or never. Sleep duration was classified as sufficient and insufficient according to the Health China 2030 Plan and the National Sleep Foundation's updated sleep duration recommendations. Crude OR and adjusted OR of sleep duration and covariates were estimated for self-injury using the logistic regression models with standard error clustered on school types. RESULTS showed that 8.42% of the participants had conducted self-injury, with girls more than boys and ordinary school students more than key school students. After full adjustment, sleep insufficiency increased the odds of conducting self-injury by approximately two folds (AOR = 2.08, 95%CI = 1.40-3.07). The odds of self-injury were higher among students studying at ordinary schools (AOR = 3.58, 95%CI = 1.25-10.27) or vocational schools (AOR = 2.00, 95%CI = 1.77-2.26), with comparison to those at key schools. Interventions seeking to solve insufficient sleep need to be multifaceted, with consideration of changing the school environment and multiple social contexts, which create stressful burdens for adolescents' development.
Language: en
Keywords
mental health; coping; middle school; insufficient sleep; self-injury | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739126_15 | 2022-12-14T08:07:36 | en | 0.939983 |
Sports
Mark Wood delighted with his investment in Test cricket: Details
England speedster Mark Wood reckons his investment in Test cricket has paid off. The right-arm pacer was instrumental to England's narrow 26-run win over Pakistan in the recently-concluded second Test. The Brits have now sealed the three-match series 2-0. Wood was mighty pleased with his performance as he hailed his skipper Ben Stokes and Test head coach Brendon McCullum. Here are further details.
Why does this story matter?
- Wood is one of the fastest pacers going around, who can constantly clock over 145 kmph.
- He has emerged as a vital part of England's team across formats.
- Wood, before the second Multan game, played his last Test in March this year.
- Two elbow operations and an injured hip had kept him away from this format and he even doubted his Test future.
Wood hails Stokes and McCullum
While Wood was in two minds, Stokes and McCullum inspired him to continue playing Test cricket. "I wondered if I'd go white-ball only. At some my point my body will say that it's the way to go but I didn't prepare for white-ball, I prepared for all cricket. With Stokesy and Brendon, so I'm pleased I've stuck with it," he said as per ESPNcricinfo.
Wood hails world-class skipper Stokes
Wood and Stokes have known each other since their Under-16 days. Speaking of the latter's evolution, Wood stated that Stokes still has the aggression but he has also gained maturity. He even labeled him as a world-class captain. "Stokesy now is much more mature. He speaks so well - he's always had a fantastic cricket brain," he stated. "He's been world-class, to be fair."
How did the second Test pan out?
England posted 281/10 after electing to bat. Ben Duckett and Ollie Pope scored fifties each, with the lower-middle order putting up a fight too. Debutant Abrar Ahmed (7/114) scripted history for Pakistan. In reply, the hosts managed 202, riding on Babar Azam and Shakeel's half-centuries. England were bundled for 275, setting a 355-run target. Pakistan looked set for the chase but fell short (328/10).
A look at Wood's Test career
Making his Test debut in May 2015, Wood currently owns 88 wickets in 27 games at 30.93. The tally includes three five-wicket hauls with his best figures reading 6/37. Meanwhile, Wood, 32, has struggled with injuries throughout his career. As the pacer enters the second half of his career, he would need to manage his workload with immense precision. | https://www.newsbytesapp.com/news/sports/mark-wood-delighted-with-investment-in-test-cricket/story | 2022-12-14T08:07:39 | en | 0.987918 |
Citation
Zhang J, Lyu J, Lamis DA. Int. J. Environ. Res. Public Health 2022; 19(23): e15606.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publishing Institute)
DOI
10.3390/ijerph192315606
PMID
36497679
Abstract
OBJECTIVE: The overall gender ratio in Chinese suicide rates has substantially changed during the past three decades. In this study, we investigated the social economic factors and the mechanisms that may be contributing to this fluctuation. Study Design: This is a secondary analysis using suicide mortality data from the China Centers for Disease Control and Prevention. METHODS: A statistical model was performed with province as the unit of analysis. The per capita GDP and income of each provincial-level region were collected from the Economic and Statistical Yearbook. Rate and ratio were used to describe the trend of variations, and correlation analyses were conducted to examine the association between economic development and gender ratio change. RESULTS: The China overall male to female gender ratio of suicide rates increased as the GDP per capita grew (r = 0.439; p = 0.015). The gender ratio changed from 0.88 in 1990 to 1.56 in 2017, with the reversion point between 1995 and 2000. The most radical reverse changes in the gender ratios were found in large municipalities. CONCLUSIONS: Cultural and social economic variables may explain the gender ratio changes. Increased economic development has significantly reduced psychological strains on rural young women, which in turn decreased the suicide rate among this sub-population.
Language: en
Keywords
suicide; China; economy; gender ratio; strains | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739128_15 | 2022-12-14T08:07:42 | en | 0.931694 |
Sports
Lionel Messi set to play his last World Cup match
Star striker Lionel Messi has confirmed that he will feature in his last FIFA World Cup match when Argentina play the final in Qatar. Messi powered Argentina to a 3-0 win against Croatia in the first semi-final. Argentina vie for their first World Cup title since 1986. Messi, who became Argentina's highest goal-scorer in World Cups, is set to play his 172nd international.
Why does this story matter?
- Messi is appearing at his fifth World Cup, having surpassed Diego Maradona and Javier Mascherano in this regard (four each).
- The 35-year-old now holds the joint-most appearances in World Cup history, equaling Germany's Lothar Matthaus (25).
- Messi is set to overtake the German in the impending final.
- More than anything else, the Argentine legend would want to finish with the World Cup trophy.
Messi makes it official
"I feel very happy, to be able to achieve this, to finish my World Cup journey by playing my last game in a final," Messi told Argentine media outlet Diario Deportivo Ole. He added, "It's many years for the next one and I don't think I'll be able to do it. And to finish like this, it's the best."
Messi starred in Argentina's semi-final win
Messi starred as Argentina thrashed Croatia 3-0 in the semi-finals of the FIFA World Cup 2022. Croatia dominated possession for long stretches, but it was Argentina who got the breakthrough in the 34th minute. Messi converted from the spot, with Man City's Julian Alvarez adding the second soon. The 35-year-old set up Alvarez for a brace after half-time to seal the duel.
Argentina's highest goal-scorer in World Cups
Messi, who has appeared in Argentina's last five World Cup campaigns (2006, 2010, 2014, 2018, and 2022), has become their highest goal-scorer in the tournament. He broke a tie with Gabriel Batistuta, netting his 11th goal. As per Opta, no player has scored or assisted in more different World Cup matches than Messi (13) since the 1966 edition.
Records galore for Messi
As per Squawka, Messi (11) has now scored more World goals than any other player still active at the international level. Germany's Thomas Muller (10) and France's Kylian Mbappe (9) follow suit. Messi also has the most assists by an active player in the World Cup (8). He now has 96 goals in his 171 appearances for Argentina in all competitions.
Other feats attained by Messi
As per Squawka, Messi is now tied with Mbappe for the most goals in the WC 2022 (5 each). He also has the joint-most assists alongside Harry Kane, Bruno Fernandes, and Antoine Griezmann (3 each). Messi has also attempted 27 shots, more than Mbappe (22).
Third-most international goals
Earlier this year, Messi became the third-highest goal-scorer in men's international football. Messi, who scored a brace in Argentina's 3-0 win over Jamaica in a friendly, touched the 90-goal mark. He surpassed former Malaysia international Mokhtar Dahari (89). Messi made his international debut for Argentina in August 2005 against Hungary. He scored his maiden international goal a year later. | https://www.newsbytesapp.com/news/sports/messi-set-to-play-his-last-wc-match/story | 2022-12-14T08:07:45 | en | 0.965295 |
Citation
Turnbull N, Cherdsakul P, Chanaboon S, Hughes D, Tudpor K. Int. J. Environ. Res. Public Health 2022; 19(23): e16015.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publishing Institute)
DOI
10.3390/ijerph192316015
PMID
36498085
Abstract
Tooth loss is associated with both cognitive impairment and fall risk. However, the relationships between these variables are complex and bidirectional. Observed associations have been reported in separate studies but data on rural-dwelling older adults remain sparse. This cross-sectional study investigated socioeconomic and dental factors affecting cognitive functions, and the association between tooth loss, cognitive functioning, and fall risk. Two hundred and thirty-one rural-dwelling older adults (60-74 years old) were recruited from a single Dental Service Unit. Cognitive function and fall risk were assessed with the Mini-Mental State Examination and the Morse Fall Scale, respectively. Oral examinations were performed by a dentist using the Community Periodontal Index of Treatment Needs form. 38.1%, had >16 tooth loss. Socioeconomic data and health status were obtained from a questionnaire and interviews. Age, Activities of Daily Living (ADL) score, and the number of teeth lost was significantly associated with impaired cognitive function. Chi-square analysis showed that cognitive function was also associated with fall risk. Past research suggests that much cognitive impairment and fall risk is induced by tooth loss. Service planners need to be aware of the complex bidirectional relationships between these variables and give higher priority to dental services that can improve the general health status and social functioning of older rural adults.
Language: en
Keywords
fall risk; cognitive impairment; older persons; rural area; tooth loss | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739168_15 | 2022-12-14T08:07:48 | en | 0.935442 |
Sports
IPL 2023: Notable absentees from the auction list
All 10 franchises are gearing up as the Indian Premier League (IPL) 2023 mega auction approaches. Each team was allotted Rs. 95 crore to build their teams and it will be interesting to see what the final squads would look like. While several prominent names will go under the hammer, there will be some notable absentness as well. Let's look at the latter category.
A look at the key details
The auction will be held in Kochi on December 23. It will commence at 2:30 PM IST. While a total of 405 players have been shortlisted, only the first 86 players will certainly be called for auction. The rest will be part of the accelerated process that will commence from player No 87. Several notable players won't feature in the high-voltage bidding event.
Martin Guptill is not among the shortlisted players
New Zealand great Martin Guptill, who registered in the Rs. 1 crore bracket, has not been shortlisted. The third-highest scorer in T20Is, Guptill, hasn't been able to do much in IPL. He owns just 270 runs in 13 matches at 22.5. The dashing opener played his last IPL match in 2019. As his stocks have gone down recently, franchises haven't shown interest in him.
End of Kedar Jadhav in IPL?
Once a vital part of India's white-ball teams, Kedar Jadhav won't go under the hammer. The 37-year-old, who went unsold last season, isn't likely to feature in IPL in the future. Notably, he owns 1,196 in 93 IPL games at 22.15. Playing for Chennai Super Kings, he famously smashed a match-winning six in the last over vs Mumbai Indians in the IPL 2018 opener.
Pat Cummins pulls out to manage the workload
Pat Cummins, who bagged a whopping 15.5 crore from Kolkata Knight Riders in IPL 2020 auction, hasn't registered for next season. As the pacer is now Australia's Test and ODI skipper, he wants to manage the workload for international assignments. He has claimed 45 wickets in 42 IPL matches at 30.16. One of his three IPL fifties came off 14 balls, the joint-fastest in the tournament.
Mitchell Starc continues to stay away from IPL
Cummins' Aussie teammate Mitchell Starc will miss another IPL season to remain fit for international games. The left-arm pacer, who played his last IPL game in 2015, has 34 wickets in 27 games at 20.38. Notably, Starc is one of the finest pacers going around and is well capable of igniting a bidding war among franchises. However, international cricket has been his top priority.
Steve Smith to miss this season
Another Aussie on this list is none other than Steve Smith, who hasn't registered. The former Rising Pune Supergiant and Rajasthan Royals captain, Smith has made a significant mark in IPL. However, his stocks in T20 cricket have gone down recently. He even went unsold last season. Meanwhile, he boasts 2,485 runs in 103 IPL matches at 34.51. (50s: 11, 100: 1). | https://www.newsbytesapp.com/news/sports/notable-absentees-from-ipl-auction-list/story | 2022-12-14T08:07:51 | en | 0.974446 |
Citation
Park Y, Yoo S, Kim H, Choi J, Son B, Yook J. Int. J. Environ. Res. Public Health 2022; 19(23): e16025.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publishing Institute)
DOI
10.3390/ijerph192316025
PMID
36498099
Abstract
This study aims to check and compare the anthropometry, range of motion, and upper limb muscle strength of individuals with spinal cord injury or amputation in order to design a driver's seat in a large farming machine for them to operate. We analyzed previous studies and derived 24 measurement items essential for designing the driver's seat. For data collection, we recruited 78 people with spinal cord injury and 46 people with amputation. The collected data were classified into 5th, 25th, 50th, 75th, and 95th percentile groups by disability type and gender, before conducting a comparative analysis. For an in-depth analysis, we performed an independent t-test on the samples to compare the individuals with spinal cord injury and the individuals with amputation in terms of disability type and gender. The results showed statistical differences as follows. In the same disability category, male subjects surpassed female subjects. In the same gender category, individuals with amputation surpassed individuals with spinal cord injury. Based on this study's data and analysis, large farming machines can be designed by reflecting the characteristics of a wide variety of disability types.
Language: en
Keywords
spinal cord injury; agricultural machine; amputee; anthropometric measurement; driver’s seat design; paraplegia | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739170_15 | 2022-12-14T08:07:55 | en | 0.884229 |
Sports
Ranji Trophy 2022-23, Punjab's Prabhsimran Singh notches double-century: Details here
The 2022-23 edition of the Ranji Trophy is underway and the opening day witnessed some mind-boggling action. Punjab opener Prabhsimran Singh stole the show with a blistering double-century in the Elite Group D match against Chandigarh. He batted aggressively and scored 202 off just 278 deliveries. His knock was studded with 28 boundaries and a couple of maximums. Here are further details.
Why does this story matter?
- The premier First-Class tournament got underway on Monday (December 13).
- Punjab, who are up against Chandigarh in their opener, lost the toss and were asked to bat first at the Punjab Cricket Association IS Bindra Stadium, Mohali.
- Chandigarh's decision turned out to be a disaster as Prabhsimran and Abhishek Sharma added 250 runs for the opening wicket.
- The latter clocked a hundred as well.
The career-best score for Prabhsimran
This was Prabhsimran's maiden double-century and second three-figure score in FC cricket. The opener, who is standing only in his fourth red-ball game, now boasts 354 runs at 70.8. Notably, his strike rate is in excess of 85 which speaks volumes of his fearless approach and mindset. The 22-year-old would like to come in the eyes of national selectors with his blistering performances.
Prabhsimran has been a highly-rated batter
Prabhsimran's batting prowess didn't take long in bagging the limelight. Kings XI Punjab (now Punjab Kings), Mumbai Indians, and Royal Challengers Bangalore were involved in a fierce bidding war for the dasher in the Indian Premier League (IPL) 2019 auction. The Punjab-based franchise ended up getting his services for Rs. 4.8 crore. He, however, has played just six games so far, scoring 64 runs.
Sensational run in the Syed Mushtaq Ali Trophy
Prabhsimran was excellent in this year's Syed Mushtaq Ali Trophy as well. The right-handed batter scored 320 runs, including four fifty-plus scores, and at a brilliant strike rate of 141.59. Although he got few starts in this year's Vijay Hazare Trophy as well, the Punjab star returned with underwhelming results. He scored 124 runs in seven games at 20.66 in the List A tournament.
An important conversation with Yuvraj Singh
After failing in this year's VHT, Prabhsimran received words of wisdom from former Indian all-rounder Yuvraj Singh. "I was throwing away my starts. Yuvi paji told me that I need to do a little mental adjustment. If I faced three four dots, I used to try and go for a glory shot," Prabhsimran told The Indian Express after the end of day's play.
Century for Abhishek Sharma
As mentioned above, Prabhsimran's opening partner Abhishek also notched up a ton. With the help of 11 boundaries and two sixes, he ended up scoring a 146-ball 100. The southpaw, who slammed his maiden First-Class ton, now owns 680 runs in 14 games. Besides a ton, Abhishek also boasts three half-centuries in the format. Meanwhile, Punjab ended Day 1 at 363/3. | https://www.newsbytesapp.com/news/sports/ranji-trophy-2022-23-punjab-s-prabhsimran-singh-notches-double-century/story | 2022-12-14T08:07:57 | en | 0.971931 |
Citation
Chen C, Sun Y, Liu B, Zhang X, Song Y. Int. J. Environ. Res. Public Health 2022; 19(23): e16031.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publishing Institute)
DOI
10.3390/ijerph192316031
PMID
36498106
Abstract
Exposure to adverse childhood experiences (ACEs) is a global public health concern that is detrimental to the psychological outcomes of Chinese children in rural areas due to the lack of public awareness of ACEs and mental health resources. The objective of this study was to identify the patterns of ACEs and the impact of ACE patterns on depression and suicidal ideation among 4683 students (mean age = 10.08 years, SD = 0.99; 48.17% female students) from 63 elementary schools in rural areas in Guizhou Province, China. Latent class analysis was conducted to identify the best class pattern. A three-step approach was undertaken to explore the association between the class patterns and demographic covariates and depression and suicidal thoughts. An overall three-class pattern of ACEs was identified, which was: (1) high ACEs, (2) high verbal abuse and emotional neglect and low household dysfunction, and (3) low ACEs. The results also showed that children in the high ACEs class tended to show higher depression rates and more frequent suicidal ideation across the three groups. Being female and younger and having a lower socioeconomic status were risk factors. Our study identified a class pattern that was not found in previous research, which is high verbal abuse and emotional neglect and low household dysfunction.
Language: en
Keywords
adverse childhood experiences; depression; suicidal ideation; latent class analysis; Chinese rural areas | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739172_15 | 2022-12-14T08:08:01 | en | 0.932748 |
World
Cambridge Dictionary alters 'man' and 'woman' definitions, faces criticism
The United Kingdom (UK) based Cambridge Dictionary has updated the definition of "man" and "woman" to incorporate individuals who identify as genders different from their biological sex. The Washington Post quoted a Cambridge Dictionary spokesperson saying that its editors "made this addition to entry for 'woman' in October." It is learned that the change received recognition after The Telegraph reported the news this week.
New definition of man and woman
The updated definition of "Man" now reads: "An adult who lives and identifies as a male though they may have been said to have a different sex at birth." Furthermore, the new definition of a "Woman" has been stated as: "An adult who lives and identifies as female though they may have been said to have a different sex at birth."
Definitions changed after carefully studying word usage patterns
While speaking about the editor's move to change the definitions of man and woman, Cambridge University Press and Assessment spokeswoman Sophie White stated: "They carefully studied usage patterns of the word woman and concluded that this definition is one that learners of English should be aware of to support their understanding of how the language is used."
New examples for the word 'Man'
With the new definitions, the dictionary also added a couple of examples to explain the meaning of the terms. When it comes to "man," the two examples are: "Mark is a trans man (= a man who was said to be female when they were born)" and "their doctor encouraged them to live as a man for a while before undergoing surgical transition."
New examples for the word 'woman'
Meanwhile, the examples included by the dictionary for "Woman" are: "Mary is a woman who was assigned male at birth" and "She was the first trans woman elected to a national office."
Reaction to the new meaning of man and woman
Since tweaking the definitions in October, the changes have been receiving a lot of criticism on social media lately. A Twitter user wrote: "Remember, if you can control the language, you can control the population." Meanwhile, another user took to Twitter and stated: "Short version: Cambridge Dictionary definition of 'woman' - "Whatever you think it is."
Reaction post on social media to Cambridge Dictionary's changes
The Cambridge Dictionary just changed the definition of "woman." Remember, if you can control the language, you can control the population.
— Steven Crowder (@scrowder) December 13, 2022
Cambridge joins Merriam-Webster and Oxford English Dictionary
With these new additions, Cambridge Dictionary joins the Oxford English Dictionary and Merriam-Webster to further extend their definitions of "man," "woman," and "female," respectively. In 2020, Oxford changed its definition of "woman" following criticism over its description being "sexist." Merriam-Webster also added another definition for "woman" that states how being a woman stands for "having a gender identity that is the opposite of male." | https://www.newsbytesapp.com/news/world/cambridge-dictionary-alters-man-and-woman-definitions/story | 2022-12-14T08:08:03 | en | 0.957455 |
Citation
Cerfontaine C, Apel C, Bertsch D, Grass M, Haunolder M, Hundt N, Jäger J, Kühn C, Museol S, Timmermann L, van der Giet M, van der Giet S, Wernitz K, Schöffl V, Morrison A, Küpper T. Int. J. Environ. Res. Public Health 2022; 19(23): e16288.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publishing Institute)
DOI
10.3390/ijerph192316288
PMID
36498360
Abstract
BACKGROUND: Trekking to high-altitude locations presents inherent health-related hazards, many of which can managed with specific first aid (FA) training. This study evaluates the trip preparation, FA knowledge, and FA self-assessment of trekkers (organized by tour operators vs. individually planned tours). Data obtained shall be used for specific FA trip preparation and management of emergencies en route for this population. METHODS: A total of 366 trekkers on the Everest Base Camp Trek, Nepal, were interviewed using a questionnaire specifically designed to evaluate their FA knowledge and management of emergencies. Data evaluation was performed using descriptive statistics. RESULTS: A total of 40.5% of trekkers experienced at least one medical incident during their trip, of which almost 50% were due to acute mountain sickness (AMS). There was more AMS in commercially organized groups than in individually planned ones (55% vs. 40%). For more than 50%, no medical care was available during their trip. A total of 80% could answer only 3/21 FA questions completely correctly. Only 1% showed adequate knowledge concerning FA strategies. A total of 70% were willing to enroll in an FA class specialized towards the needs of trekkers. CONCLUSIONS: The importance of high-altitude FA knowledge and trip preparation is widely underestimated. There is an unmet demand amongst trekkers for specific wilderness FA classes.
Language: en
Keywords
risk management; acute mountain sickness; first aid knowledge; self-assessment; trip preparation | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739207_15 | 2022-12-14T08:08:08 | en | 0.911639 |
Citation
Kikushima W, Sakurada Y, Kashiwagi K. J. Clin. Med. 2022; 11(23): e7079.
Copyright
(Copyright © 2022, MDPI: Multidisciplinary Digital Publishing Institute)
DOI
10.3390/jcm11237079
PMID
36498654
Abstract
We aimed to investigate the characteristics and visual outcomes of farm work-associated eye injuries at vineyards. We retrospectively reviewed medical charts of patients with farm work-associated eye injuries. The eyes were divided into two groups according to the type of farming that contributed to the eye injury: the vineyard and other farming groups. Injury types, surgical procedures, and changes in visual acuity were statistically evaluated. After initial treatment, patients were followed up at different periods. We examined 30 eyes, including 14 eye injuries in the vineyard group and 16 eye injuries in the other farming group. The mean age of the patients was 58.8 ± 16.7 years, and 83.3% were male. None of the patients wore any safety eyewear at the time of injury. After initial treatment, the mean best-corrected visual acuity significantly improved from 0.83 ± 0.94 at baseline to 0.30 ± 0.57 at the final follow-up (p = 5.8 × 10(-4)). Eye injuries in the vineyard group were mostly caused by the penetration of wires of grape shelves and were frequent from winter to spring. We concluded that farm work-associated eye injuries at vineyards have characteristic properties compared with those during other farm work. The use of safety eyewear is strongly recommended to prevent eye injuries during farm work.
Language: en
Keywords
farm work-associated eye injury; grape breeding; ocular trauma score; open-globe injury; ophthalmic surgery | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739219_15 | 2022-12-14T08:08:14 | en | 0.955339 |
Citation
Batterham PJ, Brown K, Calear AL, Lindenmayer D, Hingee K, Poyser C. Psychiatry Res. Commun. 2022; 2(2): e100036.
Copyright
(Copyright © 2022, Elsevier Publishing)
DOI
10.1016/j.psycom.2022.100036
PMID
unavailable
Abstract
Despite growing research on the associations between environmental conditions and mental health, no previous study has collected both quantitative indicators of farm-scale ecology and validated measures of farmer mental health. We assessed whether on-farm factors of engaging in natural resource management (NRM), the environmental state of the farm, or perceived financial challenges were associated with mental health and wellbeing in farmers. A cross-sectional survey was conducted in an established cohort of farmers for whom ecological monitoring data were collected, with data linkage to vegetation and biodiversity indicators. Participants were 63 farmers residing or working in the Box-gum grassy woodlands ecological region of eastern Australia. Primary outcome measures were symptoms of depression, anxiety, life satisfaction and wellbeing. Based on both zero-order correlations and regression models, financial struggle or financial worry were associated with poorer mental health and wellbeing outcomes, as was younger age. There were no direct associations of vegetation cover, avian biodiversity or NRM engagement with mental health or wellbeing. There remain considerable challenges in quantifying the effects of farm ecology on mental health outcomes. Further investigation of the potential social and financial benefits of natural asset management may be warranted.
Language: en
Keywords
Ecology; Farmers; Finances; Mental health; Natural resource management; Wellbeing | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739267_15 | 2022-12-14T08:08:20 | en | 0.938282 |
Citation
Kandlur R, Sardana S, Richardson-Vejlgaard R. Psychiatry Res. Commun. 2022; 2(1): e100019.
Copyright
(Copyright © 2022, Elsevier Publishing)
DOI
10.1016/j.psycom.2021.100019
PMID
unavailable
Abstract
This study examines the psychosocial determinants of mental health among family farmers with small plots of land. The study evaluates (mal)adaptive coping styles, amount of loan, land ownership, and psychological wellbeing in relation to suicide risk among farmers. 146 farmers were recruited from two villages in southern India, and a battery of validated and reliable questionnaires was used to assess self-reported psychological distress, economic status, and coping styles. FINDINGS suggest that there was no significant association between the amount of a farmer's loan and suicidal ideation (SI). However, SI was significantly related to the amount of land owned by the farmers, which was then mediated by self-criticism and anxiety. Additionally, farmers who adopted a "negative distraction" style of coping were at 1.87 higher odds of expressing SI; and farmers who engaged in "denial/blaming" coping styles were at 1.49 higher odds of having SI. Alternatively, farmers who used a "positive distraction" style of coping were at 0.60 lower odds of having SI; gender differences within coping styles were also identified. The findings highlight the need to introduce a multifaceted care pathway to tackle mental health, along with the economic needs of farmers at risk for suicide.
Language: en
Keywords
Coping; Mental health; Suicide risk | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739273_15 | 2022-12-14T08:08:23 | en | 0.960002 |
Citation
Grattidge L, Purton T, Auckland S, Lees D, Mond J. BMC Public Health 2022; 22(1): e2323.
Copyright
(Copyright © 2022, Holtzbrinck Springer Nature Publishing Group - BMC)
DOI
10.1186/s12889-022-14721-5
PMID
36510183
Abstract
PURPOSE: With emerging evidence indicating that systems-based approaches help optimise suicide prevention efforts, the National Suicide Prevention Trial sought to gather evidence on the appropriateness of these approaches to prevent suicide among at-risk populations, in regional and rural communities throughout Australia. The Tasmanian component of the Trial implemented the LifeSpan systems framework across three distinct rural areas with priority populations of men aged 40-64 and people 65 and over. The University of Tasmania's Centre for Rural Health undertook a local-level evaluation of the Trial. AIMS: To explore key stakeholder perceptions of implementing a systems-based suicide prevention program in regional and rural communities in Tasmania, Australia. METHOD: This study utilised qualitative methods to explore in depth, stakeholder perspectives. Focus groups and interviews were conducted with 46 participants, comprising Trial Site Working Group members (n = 25), Tasmania's Primary Health Network employees (n = 7), and other key stakeholders (n = 14). Approximately half of participants had a lived experience of suicide. Data were thematically analysed using NVivo. RESULTS: Key themes centred on factors impacting implementation of the Trial. These included how the Trial was established in Tasmania; Working Group governance structures and processes; communication and engagement processes; reaching priority population groups; the LifeSpan model and activity development; and the effectiveness, reach and sustainability of activities. DISCUSSION: Communities were acutely aware of the need to address suicide in their communities, with the Trial providing resources and coordination needed for community engagement and action. Strict adherence to the Lifespan model was challenging at the community level, with planning and time needed to focus on strategies influencing whole or multiple systems, for example health system changes, means restriction. Perceived limitations around implementation concerned varied community buy-in and stakeholder engagement and involvement, with lack of role clarity cited as a barrier to implementation within Working Groups. Barriers delivering activities to priority population groups centred around socio-cultural and technological factors, literacy, and levels of public awareness. Working Groups preferred activities which build on available capital and resources and which meet the perceived needs within the whole community. Approaches sought to increase awareness of suicide and its prevention, relationships and partnerships, and the lived experience capacity in Working Groups and communities. CONCLUSION: Stakeholder insights of implementing the National Suicide Prevention Trial in regional and rural Tasmanian from this study can help guide future community-based suicide prevention efforts, in similar geographic areas and with high-risk groups.
Language: en
Keywords
Evaluation; Community; Suicide prevention; Regional and rural; Systems-based approach | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739299_15 | 2022-12-14T08:08:30 | en | 0.922001 |
Citation
Mortimer RB, Martirosian A. Wilderness Environ. Med. 2022; ePub(ePub): ePub.
Copyright
(Copyright © 2022, Elsevier Publishing)
DOI
10.1016/j.wem.2022.10.004
PMID
36509670
Abstract
Humans come into contact with goats in wild settings. If a goat feels threatened, it may address the perceived threat violently. While out walking, a 55-y-old man was attacked by an escaped domestic goat. Much as goats interact with each other, this goat pushed him over with its horns and then rose up on 2 legs to come back down on him with its head. The man experienced a Schatzker VI bicondylar tibial plateau fracture that required external and then internal fixation. Besides his physical injuries, he experienced acute stress disorder, which is common after traumatic events. Acute stress reactions can progress into chronic posttraumatic stress disorder but also often resolve. Psychological first aid is appropriate after traumatic events, including animal attacks. It is appropriate to screen for posttraumatic stress disorder symptoms after such events and treat or refer if present. After 1 y, the man returned to full function and experienced no posttraumatic stress disorder.
Language: en
Keywords
posttraumatic stress disorder; acute stress reaction; animal attack; goat attack; tibial plateau fracture | https://www.safetylit.org/citations/index.php?fuseaction=citations.viewdetails&citationIds%5B%5D=citjournalarticle_739403_15 | 2022-12-14T08:08:36 | en | 0.917334 |
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Training will empower those interested in hosting peer support groups with the tools needed to be better mental health allies, facilitators and supporters
NEW YORK, Dec. 13, 2022 /PRNewswire/ -- ShareWell, the first peer support platform connecting people overcoming similar life challenges to find support, healing and connection, today announced the launch of its free digital peer support training program. The 10-hour training program was created in partnership with two therapists, a counselor and an executive coach and is designed to educate peer support hosts on how to help others with mental health struggles, while also aiding in self-healing by facilitating and leading a peer support group.
The mental health crisis continues to grow at a rapid rate, with more than 50 million Americans experiencing a mental illness from 2019-2020 and over half (54.7%) not receiving treatment. This, in part, is due to the rising demand for mental health treatment coupled with the limited number of therapists available and the rising cost of care. Peer support is an evidence-backed solution to these problems, and on average reduces inpatient days by 70-90% and lowers the overall cost of services anywhere from 2.3-6.5 times. ShareWell aims to provide the platform and community for those seeking out peer support as a supplement or alternative to traditional therapy. Its training program will serve as a complement to the ShareWell platform, which already provides members with the necessary resources to create and host groups virtually.
"ShareWell was created with the mission to provide an affordable and accessible solution to combat the mental health crisis," said CeCe Cheng, founder and CEO of ShareWell. "In the last year alone, we've hosted thousands of peer support groups on our platform and have seen firsthand the transformative power of peer support. There's nothing like talking to a real person who is going through the same thing you are. With this training program, we hope more people will feel confident in their ability to help others heal while reaping the benefits of hosting themselves."
A host can be anyone interested in peer support and sharing their story while actively encouraging and holding space for their peers to do the same. The training is designed for both new and experienced hosts and does not require any previous facilitation experience or expertise.
The training consists of nine digital modules complete with eLearning exercises and self-reflection questions. It includes topics such as trauma awareness, crisis response and inclusion and covers everything from how to create emotional safety to how to discover your facilitation style. By completing this training, hosts will not only benefit from facilitating peer support sessions around a topic they have lived experiences with, but also gain a safe space to share their stories and actively heal amongst the group.
"One of the best things about peer support hosting is that you don't have to be an expert to help others struggling with mental health, meaning anyone who wants to help can," said Renee D, a ShareWell member that has completed the host training. "Being in a peer support group with people you can actually relate to can make all the difference. I'm glad this training can support me in learning how to be a good peer support host and that hosting is also beneficial for my healing."
ShareWell is the first peer support platform created as a mental health alternative or supplement for teletherapy. Its digital peer groups offer a safe, non-judgmental and anonymous space for people with similar life experiences to connect, heal and provide support. It differs from traditional therapy or group support in that it's led by peers who have similar life experiences and can better relate in a more empathic way. ShareWell is free for basic members and only $60 a year for unlimited access, much less expensive than traditional therapy, which can cost anywhere from $100-$150 a session.
Join a global community of people who care about healing and growth by becoming a ShareWell member and host. To sign up for the training, visit https://www.sharewellnow.com/training.
For more information on ShareWell and its peer support platform, visit www.sharewellnow.com.
ShareWell is the first peer-to-peer support platform providing an affordable and accessible alternative to teletherapy. It connects everyday people for mutual support and healing in a safe, virtual environment. Through unlimited access to live support groups and a digital community platform, ShareWell's vision is to create a world where everyone has access to the support they need when they need it. The company was launched in October 2021 and is founded by CeCe Cheng, a former venture capitalist, startup executive and executive coach. To learn more about ShareWell, visit www.sharewellnow.com.
Media Contact
BAM for ShareWell
sharewell@bamtheagency.com
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SOURCE ShareWell | https://www.wlbt.com/prnewswire/2022/12/13/sharewell-launches-free-peer-support-training-program-help-combat-americas-mental-health-crisis/ | 2022-12-14T08:10:43 | en | 0.966629 |
Seamless data unification enables 360° user profile generation in one-click, while data visualization reflects user feedback in real-time
TAIPEI, Dec. 14, 2022 /PRNewswire/ -- Shortening the time spent from data to insight and insight to action, and visualizing results from marketing campaigns remain as critical issues for most enterprises considering Customer Data Platforms (CDP). Considering this, Appier (TSE: 4180) today announces the launch of AIRIS, the next-generation AI-powered CDP to support brands and marketers to achieve the fastest time-to-insight with smarter decision-making and execution by leveraging its advanced AI and Machine Learning technologies.
This launch comes following its acquisition of Woopra in October and is a combination of AIXON's advanced user-centric predictive AI capabilities with Woopra's superior data analytics and intuitive data visualization to help enterprises turn data to insight, and insights to action and results. The name AIRIS is derived from the word "iris", which strongly reflects its visualization features that will empower enterprises to identify customers precisely and generate timely predictive insights.
AIRIS meets the current pain points of shorter time-to-insights and prediction requests that enterprises need to maximize their campaign ROIs to better respond to market challenges. Appier completing the integration just two months after the Woopra acquisition is a strong demonstration of its position as a leading AI SaaS company. AIRIS is available across Asia Pacific in English, Japanese, and Traditional Chinese with flexible and scalable pricing packages to suit enterprises of all sizes.
"We understand that obtaining insights from data in the shortest time possible is a major pain point for enterprises and marketers. The next generation of CDP launched by Appier, combining its expertise in AI technology and digital marketing, not just meets the needs of marketers, but will also be a market-leading solution to respond to this pain point," said Dr. Chih-Han Yu, CEO and co-founder of Appier. "AIRIS will empower enterprises to achieve seamless data integration and fastest data-to-visualization, and tailor prediction models to strengthen customer relationships and bring customer experiences to the next level."
Fragmented and missing data are some of the key reasons driving the higher costs of personalization for brands. What enterprises care about the most is usually the hardest to predict. With the next-generation CDP AIRIS, enterprises can integrate and synchronize customer data via one-click integrations and analyze every touch point throughout the customers' journeys to gain more insights. With its AI-powered prediction capability, enterprises can now create more campaigns that have a higher likelihood of being received well by customers, unleashing the full benefits of a CDP to maximize business value and impact.
Brands and marketers stand to benefit from AIRIS in the following five ways:
1. Increase the value of first-party data and empower data storytelling
In response to several restrictions around the use of third-party data, AIRIS can seamlessly integrate various data sources, including existing cloud databases, online and offline sales data, and user data across web, app, messenger, and more than 50 external platforms to establish user-centric and comprehensive 360-degree customer views. Brands will be able to tell stories with data by visualizing customers' purchase intent, preferences, and decision-making tendencies. With the inferred data insights and AI extrapolations, enterprises will now be able to tailor more effective and personalized marketing strategies.
2. Grant a higher level of autonomy and flexibility for marketers
Without data science capabilities, it is hard for marketers to quickly develop marketing strategies and directions. AIRIS is equipped with several marketer-friendly features, such as defining user attributes in one-click, plug-and-play set-up, and low-code/no-code interface so that marketers can easily gain insights to make decisions and plan activities without the help of IT, data scientists, or manual data analysis. This advantage is even more crucial in the current post-Covid era, as it can solve marketers' challenges fundamentally to help them cope with the fast-changing market environment.
3. Data visualization is like a gold mine of insights
Through built-in user-centric and intuitive analysis templates, AIRIS can visualize the impact on the user at every touchpoint, supporting marketers to analyze long-term cohort behaviors through timeframe, segment, retention, and churn rate analysis, and find out the correlations and insights. For example, marketers can analyze campaign performance and its correlations and uplift cues by browsing "how many users are repeatedly making purchases after they sign up", observing "the changes in monthly revenue after adopting a specific coupon delivery campaign", and analyzing "users' revisit, interaction, and purchase behavior for several months after sign up".
4. Preview and predict performance before investment to maximize ROI
AIRIS can tag onsite visitors with more than 500 predictive user attributes in real-time, allowing marketers to quickly tailor engagement and prediction models through an automated Machine Learning platform to create more campaigns that are received well by customers. With AIRIS, marketers can also predict before investment by reviewing the correlations between marketing activity and sales growth, as well as getting to know why a customer stopped its journey on a specific channel. By predicting users who have higher chances to purchase or with a higher chance to churn, marketers can retarget high-value customers and customize product recommendations or coupon delivery to further enhance campaign performance and optimize their return on investment.
5. Responding to data privacy regulations to ensure user data security
Growing concerns about data privacy from customers and regulations regarding data privacy have set up a higher compliance standard for enterprises. Enterprises are now being requested to review and delete user data when users ask for the "Right to be forgotten (RTBF)". Adopting AIRIS can enable enterprises to manage users' cookie consent easily and maximize the value of data while respecting users' data privacy for further analysis and campaign usage. Appier has always been committed to protecting every client's and their customer's data and has also been transparent in how data is being collected, utilized, and shared. Ensuring user data security while fulfilling the needs of data processing for enterprises of all sizes is of the utmost importance for Appier.
AIRIS's powerful and highly customizable features can simplify routine marketing tasks. Coupled with Appier's strong AI-powered prediction and analytics capability, AIRIS can further enrich data or bridge gaps in marketing campaigns. Marketers can now focus on tasks that matter the most and stay aligned with the organization's strategic goals while paying close attention to their customer's needs and experiences to truly empower first-party data-centric solutions and activate the power of MarTech applications.
About Appier
Appier (TSE: 4180) is a software-as-a-service (SaaS) company that uses artificial intelligence to power business decision-making. Founded in 2012 with a vision of democratizing AI, Appier now has 17 offices across APAC, Europe and US, and is listed on the Tokyo Stock Exchange. Visit www.appier.com for more company information and visit ir.appier.com/en/ for more IR information.
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SOURCE Appier | https://www.wlbt.com/prnewswire/2022/12/14/appier-launches-airis-next-gen-ai-powered-cdp-leveraging-first-party-data-activate-martech-applications/ | 2022-12-14T08:10:50 | en | 0.931578 |
Artmarket.com has kept its promise and confirms the successful deployment of its new Artprice Artists Homepages, with already promising uptake stats and an excellent outlook for 2023 as we progress toward the grail of art valuation.
Published: Dec. 14, 2022 at 12:45 AM CST|Updated: 1 hour ago
PARIS, Dec. 14, 2022 /PRNewswire/ -- Our new version of 800,000 Artists' Homepages from the 4th century to the present day, bolsters the primary and preferred entry points to all of Artprice's databases and services because artists indeed are the foundation on which the art market has been based since its origin.
With this new version – the most successful since Artprice's creation – Artprice by Artmarket has received enthusiastic feedback over the past two months from a selection of target users throughout the global art market's twelve principal countries. Our beta testing was accompanied by a methodical feedback retrieval based on rigorous specifications designed by the team of external consultants involved in the complete overhaul of Artprice.com over 18 months.
First of all, on a short data sample, Artprice observed a very significant increase in visits to its site, as well as an extension of the average connexion time (ACT), especially on its databases, all good signs for the future of Artmarket.com.
Similarly, according to official Google stats for November 2022, Googlebots have indicated that its user-agents over one month indexed 28.8 million pages in the Artprice by Artmarket databases, i.e. 960,000 per day.
As a result of this major deployment and the opening of Artprice databases to crawling Googlebots (exploration process), the number of Artists' Homepages and their works (which are the heart of Artprice by Artmarket) crawled has risen from 0.96 to 2.5 million per day in evergreen content mode (Googlebot user-agent allowing it to execute javascript).
A direct result of a well-considered business and legal decision to open its non-paying directories to indexing engines, this increase represents, in SEO terms, a major boost to our online indexation.
The consequence will therefore be a very substantial contribution to turnover in 2023 because Artprice by Artmarket.com, as the world leader in Art Market information, has by far the largest number of artists and artworks in its databases, numbering in the tens of millions.
According to thierry Ehrmann, Founder of Artprice and CEO of Artmarket.com:
"Any major network deployment on our different sites/countries is never a foregone conclusion and it's always an adrenaline rush for our different teams (myself included) when we switch to such a substantially new version of Artmarket.com. Everything went remarkably well and this new version is now 100% operational."
Thus, Artprice customers and members will discover, from the Artists' Homepages, several centuries of knowledge that have been organized for 25 years by the historians and editors of Artprice by Artmarket. In a perfectly intuitive and natural way, they will now be able to immerse themselves in the exceptional and complex history of the Art Market, via a human and straightforward pedagogy that is specific to the identity of Artprice. This will give them a level of confidence, which is often lacking in the world of GAFAs.
These Artists' Homepages will allow users access to very relevant and personalized recommendations to pursue their discovery of the Art Market and thus generate more sophisticated subscriptions and therefore more turnover for Artmarket.com.
As previously announced, this change – implemented after extensive UI/UX research – comes ahead of a substantial price increase at the beginning of 2023 and is aimed at boosting Artmarket.com's revenue.
Following a request for proposals with demanding and precise specifications at the end of 2019, Artprice by Artmarket selected a team of very high-level external consultants with references from major accounts with similar processes to those of Artprice. This team has played a key role in the audit and development of this major Artprice overhaul, using a solid UI/UX approach.
The quality and efficiency of the work conducted by our consultants have prompted Artprice by Artmarket to extend the partnership to 2023, which will mark Artprice's 25th anniversary.
As a result of the UI/UX approach, new users of Artprice by Artmarket will be able to explore a vast educational resource quickly and intuitively via innovative ergonomics designed per the expectations and needs of users.
The experience now involves "Artprice tutorials" that constantly guide navigation by providing information on the essential points to be discovered. These tutorials represent a highly sophisticated system of signposts that allow the user the best possible navigation as quickly as possible.
As a result, customers and members of Artprice by Artmarket will intuitively dive into the heart of Art Market news and will feel like privileged players.
We used User Experience (UX) design to enhance the experience of Artprice customers and members as much as possible; to make it as pleasant and intuitive as possible, whether on mobile, tablet, or PC/Mac.
Thanks to UX Design, navigation on our site is now more fluid and more efficient. UX Design is particularly sensitive to eliminating the feeling of being lost, and this has involved a careful analysis of the irrational and emotive aspects of navigation within the Artprice universe.
We used UI Design (User Interface design) to enhance users' interaction with Artprice databases and services. UI analysis has been involved in all stages of development up to final deployment and will continue to play a role in the permanent monitoring of the public operation phase.
Unlike UX, UI is more focused on the visual aspect to attract the user's eye and to encourage Artprice users to remain on the various databases and services.
The UI approach has facilitated navigation through all of Artprice's decision support tools. Its primary objective is to attract new prospects and customers, enthusiasts, collectors, and art market professionals. Thus, Artprice has modified its R&D policy by collaborating in a highly selective manner with the very best consultants in the field to acquire new market share.
thierry Ehrmann: "This new policy of collaborating with specialized consultants with fresh perspectives provides a definite gain in time and competitiveness for Artprice which, until recently, has always managed its new developments internally. In this digital century, you have to know how to adapt and change very quickly. Of course, Artprice's original computer programming is not subject to any outsourcing."
The new deployment implies a complete change in our economic model, notably by fully integrating paying advertisers into our databases and services.
These are essentially the 6,500 auction houses around the world – affiliated with Artprice for over two decades – and which now spend 98% of their communication budgets (to announce upcoming sales) on Internet advertising.
These 6,500 historical partner Auction Houses actively collaborated over the last 18 months development phase of this latest version of Artprice. They are of course aware that it is in their interest to collaborate with Artprice as it will draw attention with discreet and effective prestige to their future sales. This in turn will generate new recurring income for Artprice via its proprietary Intranet - a real reference tool for Auction Houses around the world for 25 years used to appraise, price and edit their digital and paper sales catalogs.
They can now benefit by being featured on the Artists Homepage as a paying advertiser and with the aid of search criteria of 7.2 million Artprice clients and members, be able to promote their future sales with extremely relevant targeting, while being in perfect compliance with European and American regulations on confidentiality and the protection of personal data.
Indeed, a 'public sale' is above all dependent on a very precise corpus of artists whose works 'ultimately' form the basis of the catalog of the public sale.
On average over the past 50 years, auction houses have spent 34% of their overall costs on advertising future sales at public auctions, regardless of the country or the size of the auction business.
As auctions are now advertised almost exclusively on the Internet, pressure from Artprice-affiliated auction houses in 2022 to promote their future sales for a fee has found the best response with this successful new deployment of our Artists' Homepages.
Indeed, the auction houses consider it perfectly logical to spend their future sales advertising budgets (amounting to 34% of the costs of the sale) on the Internet, rather than on expensive and non-computer-targeted newspaper advertising, as the former targets specifically the profiles of collectors who follow specific artists.
Sellers of art are willing to invest 34% of their overall budgets on advertising because they want the works they offer for sale to fetch the best prices. Above all, they want to avoid unsold lots which can undermine the value of the works in future sales.
In the past, Artprice considered online advertising (banners, etc.) as incompatible with its databases, in terms of readability and reputation. It was therefore a major challenge to respond to the demand from Auction Houses while maintaining Artprice's original DNA.
In this new successful deployment, for the announcement of their future sales, the 6,500 Auction Houses will be able to integrate and merge into the entire industrial process of Artprice by Artmarket, via the new Artists Homepages and via the alerts sent to Artprice's 7.2 million customers and members (by SMS, RSS, instant messaging, e-mail, my artists' page, etc.).
It is now possible that future revenue generated from the promotion of upcoming sales by the 6,500 auction houses (advertisers affiliated with Artprice since 1997) will ultimately generate higher revenue than subscriptions, which currently represent 90% of Artprice's revenue. Artprice by Artmarket.com's plan is clearly to double its revenue by responding to a long-standing demand from its partner auction houses.
It should be noted that Artprice's economic outlook is primarily based on incoming requests from auction houses/auctioneers, and not outgoing in prospecting mode, which makes all the difference in terms of human resources and financial costs.
The success of this major deployment will therefore substantially contribute to a smooth acceptance of the significant increase in prices of subscriptions and services at the beginning of January 2023.
With this major revamp of our website and our economic model, Artprice also aims to reposition artists at the heart of the art market by introducing the production of Art NFTs, which are one of the foundations of Web 3.0.
This tremendous overhaul of Artprice by Artmarket.com will also highlight Artprice's proprietary archive of manuscripts and original printed auction catalogs (the largest in the world) dating back to 1700. This archive, in turn, legitimizes its digital standardization of the Art Market and bolsters its position as World Leader in Art Market Information for 25 years.
Since 1997 Artprice's primary ambition has been to foster art market transparency by expanding knowledge from a circle of insiders to the general population to facilitate its development and growth. The new presentation of Artprice by Artmarket will enhance this transparency through access to verified, verifiable, and above all contextualized data.
At the end of January 2023 when the redesigned homepage is online, Artprice customers and members will be able to virtually visit all of its ultra-secure document collections, manuscripts, and annotated catalogs. This section is currently being produced and filmed to showcase Artprice's multiple skills.
In an all-digital era, this gives Artprice customers and members a unique layer of additional confidence. Artprice has been a Pure Internet Player since 1997 (with its parent company Serveur Groupe, which has been on the Internet since 1987), whose knowledge and processes are based on a core of hundreds of thousands of manuscripts and original auction catalogs going back over 300 years (and valued in Artmarket.com's balance sheet at 16 million euros). These documents represent the entire History of the Art Market since its birth.
Artprice's position as World Leader in Art Market Information has also been forged by our acquisition of a large number of well-known specialist art and art-price publishers, as well as numerous prestigious editorial archives in Europe and the USA during its first ten years of activity (see our Universal Registration Document (URD) filed each year with the AMF).
Our new Artists Homepages highlight the wealth and high-added value of Artmarket.com's databases and services. The use of algorithmic AI (Artificial Intelligence) allows the 7.2 million customers and members of Artprice by Artmarket access to highly relevant and personalized recommendations, and it allows them to deepen their knowledge of the art market. It will therefore generate more sophisticated subscriptions and hence more revenue.
Artprice by Artmarket in 2023: toward the Grail of Art Market expertise
One of Artprice by Artmarket.com's objectives is to roll out, in 2023, a premium professional subscription above €1,800. Artprice, with its globally unique editorial collection covering over 300 years of art market activity can use the repeat sales method to retrace the progression of a unique (and therefore homogeneous) work through the decades, centuries, countries, and current or past auction houses.
In terms of art valuation, this service represents an absolute grail and it will be the basis for a premium subscription that only Artprice by Artmarket is capable of producing, based on its editorial collection covering over 300 years of art market activity, combined with its Big Data analysis capacity and its highly sophisticated proprietary econometric tools.
Note that with just one single relevant request on Artprice, a subscriber can justify the price of an annual 'premium' subscription, which is not necessarily the case for all professional databases.
In addition, our new Artists Homepages bring Artprice by Artmarket customers and members fully into the world of Web 3.0 and – by extension – into the domain of Art NFTs, thereby giving Artmarket.com a considerable lead in its core business.
With cryptocurrencies, Art NFTs, and the Metaverse, new collectors and art enthusiasts have arrived, often considerably younger than their predecessors. There are now more than 450 million potential buyers of Art NFTs. These art enthusiasts and collectors have no intention of abandoning their Web 3.0 crypto-universe, which is indisputably the future of the Internet.
This overhaul includes, of course, the arrival of Art NFTs, the growth of which is exponential and constitutes a paradigm shift for artists in the art market who find themselves once again masters of their destiny, as was the case during the Renaissance.
All of the art market's market-makers, and in particular the majority of its auction houses around the world, now have an NFT department for cataloged and online sales throughout the year. Likewise, all the major structures in the museum/art galleries industry are starting to publish their own NFTs.
With its globally unique specificities, Artprice now has ambitions to capture the market for the certification of primary issues of Art NFTs via legitimate and fair market competition.
In preparation for this major and successful revamp of our site and our model Artprice and its consultants had the opportunity to conduct a series of interviews and user tests (so-called 'UX/UI guerilla testing') with its historical clients and its new customers and members. This opportunity was provided by the Covid lockdowns since many of our customers found themselves with more time on their hands than usual.
thierry Ehrmann, Founder of Artprice and CEO of Artmarket.com, also emphasizes the eco-responsible aspect of Artprice's latest deployments: "Since 2017 we have been developing processes to optimize the use of our servers by adapting the energy requirement and reducing the energy consumption of Artprice's Data Centers worldwide by 40% in 2022, and a target of a 50% reduction in 2023. This has been achieved by using the principle of micro-grids which allow better exploitation of production units (a multiple technologies decision) and the use of mainly renewable energies.
Through its commitment to the micro-grid, the Artprice by Artmarket Data Centers are part of a responsible and shared environmental logic (without risk for Artprice's processing requirements) which involves analyzing the evolution of renewable energies concerning new applied sciences and ongoing research according to the principle of "formativity" (notion coined by Luigi Pareyson).
Given the generous geography of our head office (Domaine de la Source, built in 1630), we are developing, with partners, a 'climatic' system based on the technique of artesian wells which capture water from deep layers of subsoil. This system will be protected by patents that will be filed by Artprice and Groupe Serveur, and it will respond in an ecologically responsible manner to the current energy crisis which is far more serious than the two oil shocks of 1973 and 1979 and is only just beginning.
As a global leader, Artprice considers eco-responsibility a philosophical and moral obligation. It is coherent with our market position, our corporate culture, and the sentiments of our customers and shareholders.
Artprice by Artmarket's offer will remain highly competitive even after the January 2023 price increase, with a further margin for additional price rises in the future.
Artprice's databases are today unquestionably the most comprehensive in the world with nearly 800,000 artists referenced with their biographies, auction results, indices, decision-making help tools, signatures & monograms, and information about past and future sales. In total, this adds up to several tens of millions of inter-connected and high-value-added data logs, all protected by various intellectual property rights.
Artmarket.com has been profitable for a decade, so the bulk of the additional revenue will translate into additional net income because under the French fiscal regime, we can generate up to 90 million euros p/a without incurring additional tax charges.
Despite the substantial price increase, Artprice by Artmarket's offer remains by far the best-placed compared with the slowly evolving offer from our competition which offers limited-search annual professional subscriptions (e.g. 150 queries for €350/year, 450 queries for €975/year and, in the event of overrun, €2.45 per search). (Information certified by Court Bailiff in November 2022).
In the world of "unlimited" offers, these offers are quite simply anachronistic. Moreover, the competition's offer is based on data regarding only 330,000 artists and from a selection of only 1,600 auction houses, whereas Artprice by Artmarket covers 800,000 artists and 6,400 auction houses, with unlimited subscriptions from €265 to €529/year including a range of indices, decision-making tools and signatures & monograms that is unique in the world.
In short, Artprice's offer will remain highly competitive even after the fee increase and with a further margin for additional price rises in the future.
Going forward, our indisputable position as World Leader in Art Market Information since 1997 should enable Artprice to generate additional income through annual price increases, justified as required, notably by the constant enrichment of its various databases with at least one million ultra-qualified data logs added every year for its customers. Because Artprice provides its customers with essential data that cannot be found anywhere else.
The Art Market is displaying insolent health, with regular records hammered across all artistic periods during recent sales in 2022 and, very likely, in future sales during 2023.
Somewhat counter-intuitively – given the geopolitical and economic context – the global art market is displaying insolent health, with regular auction records being hammered for works from all artistic periods, regardless of the country, during recent sales sessions. And there have been no cancellations of classic and/or prestige cataloged sales for 2022 or 2023 which are the main indicators of the Art Market.
Artprice had already noted that during the main crises of the past (the Nasdaq crash in 2000, 9/11 in 2001, the Afghan war in 2001, the Iraq war in 2003, the subprime and CDS crises in 2007, the negative rates crisis in 2011, the 2019 Covid crisis, etc.) the art market was less impacted than other markets and the economy.
Christie's recent dispersal of the Paul Allen collection proves this point very firmly by turning a new page in the history of auctions. It was the first private collection to generate over one billion dollars at auction ($1.62 billion) with five works selling above the $100 million threshold.
This new record follows one set by Christie's competitor Sotheby's when it took $922 million from the sale of the Macklowe Collection between autumn 2021 and spring 2022.
Thanks to the dispersion of these exceptional American collections, the year 2022 has become an outstanding year in the history of public sales.
As we approach the end of 2022, it is abundantly clear that the war on European soil and fears of a recession have not got the better of the Art Market.
Artmarket and its Artprice department was founded in 1997 by its CEO, thierry Ehrmann. Artmarket and its Artprice department is controlled by Groupe Serveur, created in 1987.
Artmarket is a global player in the Art Market with, among other structures, its Artprice department, world leader in the accumulation, management and exploitation of historical and current art market information in databanks containing over 30 million indices and auction results, covering more than 800,000 artists.
Artprice by Artmarket, the world leader in information on the art market, has set itself the ambition through its Global Standardized Marketplace to be the world's leading Fine Art NFT platform.
Artprice Images® allows unlimited access to the largest Art Market image bank in the world: no less than 180 million digital images of photographs or engraved reproductions of artworks from 1700 to the present day, commented by our art historians.
Artmarket with its Artprice department accumulates data on a permanent basis from 6400 Auction Houses and produces key Art Market information for the main press and media agencies (7,200 publications). Its 7.2 million ('members log in'+social media) users have access to ads posted by other members, a network that today represents the leading Global Standardized Marketplace® to buy and sell artworks at a fixed or bid price (auctions regulated by paragraphs 2 and 3 of Article L 321.3 of France's Commercial Code).
Artmarket with its Artprice department, has been awarded the State label "Innovative Company" by the Public Investment Bank (BPI) (for the second time in November 2018 for a new period of 3 years) which is supporting the company in its project to consolidate its position as a global player in the market art.
The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc. | https://www.wlbt.com/prnewswire/2022/12/14/artmarketcom-has-kept-its-promise-confirms-successful-deployment-its-new-artprice-artists-homepages-with-already-promising-uptake-stats-an-excellent-outlook-2023-we-progress-toward-grail-art-valuation/ | 2022-12-14T08:10:56 | en | 0.942802 |
Strategic collaboration enhances proxy voting efficiency and supports higher levels of corporate governance
NEW YORK and LONDON and JOHANNESBURG, Dec. 14, 2022 /PRNewswire/ -- To create a better proxy voting experience and further extend the proxy voting process in South Africa, global Fintech leader, Broadridge Financial Solutions Inc. (NYSE:BR), and Strate, South Africa's principal central securities depository and central collateral platform, have completed the integration of their respective end-to-end vote processing solutions. This collaboration represents a shared strategic commitment to drive greater levels of shareholder engagement by both institutional and retail investors – at both national and international levels.
"We are excited to launch our fully digital South African voting service, supporting the growing desire of investors globally who want to exercise their corporate governance entitlements in this very strategic market," said Demi Derem, General Manager of International Investor Communication Solutions, Broadridge. "Our successful collaboration with Strate represents another critical step in linking leading providers at the heart of financial infrastructure with our network of global investors to enable seamless investor voting and engagement."
Broadridge's extensive user community, including global and domestic banks and brokers, custodians, wealth managers and local agents, can now use the service, delivered in collaboration with Strate and the Central Securities Depository Participants (CSDPs), to streamline processes and achieve operational efficiency throughout the proxy voting lifecycle in South Africa, while also supporting their compliance obligations under South Africa's Companies Act. Firms using the service can obtain timely and accurate receipt of "golden copy" digital meeting notifications sourced directly from Strate, a significantly extended voting window (up to meeting-date-minus-one) for underlying clients, and enhanced transparency through confirmation of votes submitted.
"As a pioneer in digitisation in South Africa, Strate partners with leading global technology providers to collaborate on digitally innovative solutions, which is why we are proud to have worked with Broadridge on our e-Voting solution," said Gregory Naicker, Strate Head of CSD Services. "Through digital innovation we integrate and connect critical players in the financial market ecosystem, leading to integrity and trust in our markets."
"The partnership with Strate and Broadridge cements Standard Bank's promise of delivering continuous value to our clients, offering flexibility in choosing a proxy voting execution partner, providing better voting deadlines, delivering enhanced proxy disclosure information as well as moving towards fully digital and automated electronic voting solutions," said Llewelyn Ford, SBSA Head of Investor Services, South Africa. "This development moves the market closer to achieving the desired level of efficiency and lowers risk in the proxy voting environment."
The South African service is the latest addition to Broadridge's rapidly growing Direct Market Solutions (DMS) product suite, which focuses on traditional sub custody voting-related activities. Broadridge continues to commit to expanding its market coverage for digital proxy processing, extended voting windows, and enhanced voting transparency, with more markets to follow in 2023 and 2024. The new South Africa service offering complements Broadridge's leading voting solutions that already provides 100% coverage across 100+ markets globally.
As South Africa's principal central securities depository and central collateral platform, Strate serves the financial market through the safekeeping of the legal, digital record of securities ownership, enabled through registry, settlement and asset services, and through facilitating the reuse of securities as collateral to optimise balance sheets for the benefit of the South African economy.
Recognised locally and internationally as a trusted and neutral financial market infrastructure (FMI), Strate has been a key component of the financial market ecosystem for over 20 years, responsible for delivering services critical to the smooth functioning and stability of the South African financial markets.
As a purpose-led company, Strate is committed to driving a shared-value approach, whereby we partner with our stakeholders – employees, clients, shareholders, regulators, government and business partners – to unlock value and maintain a trusted investment environment. We deliver value creation through our contribution to a thriving, well-regulated and resilient financial market and through our ability to promote market interoperability, increase efficiencies, mitigate systemic risks, optimise the use of capital and enhance market transparency.
Broadridge Financial Solutions (NYSE: BR), a global Fintech leader with more than $5 billion in revenues, provides the critical infrastructure that powers investing, corporate governance and communications to enable better financial lives. We deliver technology-driven solutions that drive business transformation for banks, broker-dealers, asset and wealth managers and public companies. Broadridge's infrastructure serves as a global communications hub enabling corporate governance by linking thousands of public companies and mutual funds to tens of millions of individual and institutional investors around the world. Our technology and operations platforms underpin the daily trading of more than U.S. $9 trillion of equities, fixed income and other securities globally. A certified Great Place to Work®, Broadridge is part of the S&P 500® Index, employing over 14,000 associates in 21 countries.
For more information about us and what we can do for you, please visit www.broadridge.com.
Broadridge Contacts:
Investors:
Edings Thibault
Head of Investor Relations, Broadridge
broadridgeir@broadridge.com
Media:
Gregg Rosenberg
Corporate Communications
Gregg.Rosenberg@broadridge.com
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SOURCE Broadridge Financial Solutions, Inc. | https://www.wlbt.com/prnewswire/2022/12/14/broadridge-strate-connect-streamline-proxy-voting-lifecycle-south-africa/ | 2022-12-14T08:11:03 | en | 0.91528 |
NEW YORK and HONG KONG, Dec. 14, 2022 /PRNewswire/ -- Bupa (Asia) Limited, a health insurance specialist, and CoverGo, the leading global no-code insurance SaaS platform for health, P&C, and life, are joining forces to streamline Bupa's health insurance ecosystem in Hong Kong.
Bupa has now adopted CoverGo as its new health insurance system in order to accelerate customer onboarding, launch customized products in record time, increase sales through new channels, and improve the user experience for all health insurance stakeholders.
CoverGo's award-winning no-code product builder enables Bupa to shape different types of individual and group health insurance products in hours, without a single line of code and make them instantly accessible through CoverGo's open insurance APIs. Products can be tailored to each customer's specific needs and made available via agency, broker and partner channels for both new business and renewals.
Bupa also chose CoverGo as a partner to set the right foundation for future improvements in its ecosystem. The CoverGo platform's modular architecture offers unrivaled flexibility for insurers to gain quick wins that can be integrated within existing systems, as well as easily scaled into a full-fledged core health insurance system covering policy administration, claims, distribution, member movements, provider management and more.
Yuman Chan, General Manager of Bupa (Asia) Limited said: "We are excited to partner with CoverGo to accelerate our digital transformation agenda. With innovative solutions and technologies, we are able to create frictionless care pathways. Delivering a digitally enhanced and connected journey, futureproofs our business and provides an exceptional experience for our customers. Innovative healthcare is about finding new ways to care for people, so it's easier and more accessible right from enrolment to claims settlement."
Tomas Holub, Founder & CEO of CoverGo said: "We are delighted to assist Bupa on their journey towards digital transformation. Bupa has shown a clear commitment to digitize and streamline their health insurance ecosystem in an efficient and scalable way using CoverGo's cutting-edge no-code insurance platform. It's also a validation of CoverGo's health insurance capabilities, with leading health insurers across the globe adopting our platform. We look forward to growing our collaboration with Bupa across many products and markets."
About CoverGo
CoverGo is the leading global no-code insurance platform for health, P&C, and life, enabling insurance companies to transform digitally in the most flexible, scalable, and cost-effective way. Growing number of insurance companies, and emerging insurtechs across the globe adopt CoverGo to build and launch all types of insurance products within days, develop omni-channel distribution, and digitize policy admin and claims. CoverGo's clients include AXA, Bupa, MSIG (MS&AD), Dai-ichi Life, DBS Bank, and many others. To learn more, visit https://www.covergo.com/.
About Bupa – A global healthcare specialist
Bupa's purpose is helping people live longer, healthier, happier lives and making a better world.
We are an international healthcare company serving over 38 million customers worldwide. With no shareholders, we reinvest profits into providing more and better healthcare for the benefit of current and future customers.
In Hong Kong, we are known as the health insurance specialist. We have gained the trust of more than 400,000 individuals and 3,200 companies. We have provided quality health insurance for Hong Kong's civil servants for more than 20 years.
Bupa also provides primary care services through Quality HealthCare Medical Services (QHMS), one of Hong Kong's largest private clinic networks. To learn more, visit https://www.bupa.com.hk/en/.
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SOURCE CoverGo | https://www.wlbt.com/prnewswire/2022/12/14/bupa-adopts-covergo-platform-streamline-its-health-insurance-ecosystem/ | 2022-12-14T08:11:09 | en | 0.927038 |
BEIJING, Dec. 13, 2022 /PRNewswire/ -- To echo China's new guidelines for COVID-19 prevention and control, local governments and hospitals across the country have been optimizing medical services and the allocation of medical resources to face a likely surge in patients and take better care of the elderly and most vulnerable groups.
On November 11, the country announced 20 new COVID-19 prevention and control measures. On top of that, another 10 new measures were published on December 7 to further optimize China's COVID-19 control policy.
The measures require enhancing medical resources to prioritize COVID-19 patients.
As the latest Omicron variants spread rapidly with strong transmissibility, some hospitals in major cities, including Beijing, Shanghai and Wuhan, have seen people waiting in lines for hours to enter fever clinics.
To avoid panic and a squeeze on medical resources, local governments and hospitals are upgrading existing temporary hospitals, adding ICU beds and better distributing medical resources.
China built temporary hospitals to receive and treat COVID-19 patients with mild symptoms and cut off the spread of the virus. With the relaxation of COVID-19 control and prevention measures, more temporary hospitals have been upgraded and transformed into sub-designated city-level hospitals based on the size of each city's population.
Jiao Yahui, general director of the Bureau of Medical Administration under the National Health Commission, said at a press conference on December 9 that the sub-designated hospitals would treat patients rather than just isolating them as the mobile cabin hospitals did. She also said 10 percent of the beds in these hospitals would be transformed into intensive care unit (ICU) beds.
"There are 138,100 ICU beds in China, of which 106,500 are in top-tier medical institutions. On average, there are 10 ICU beds for every 100,000 people," Jiao said.
Experts have also been providing educational information to the public about the virus and asking asymptomatic patients and patients with mild symptoms not to cause a run on hospitals or jam up the emergency number 120 to keep the medical resources available for possible severe cases.
Many hospitals across the country have already begun changing their approach.
Lu Wei, a urologist with a district hospital in southwest China's Chongqing, told CGTN that a temporary hospital that the district hospital built to separate and treat COVID-19 patients is expected to be decommissioned soon, along with the national policy changes.
"It was not easy for hundreds of patients and medical staff to be restricted in the temporary hospital built in a suburb away from their families," said Lu. "It's especially hard when they stay there for a longer time."
Lu said rather than keeping the temporary hospital open, the district hospital will instead expand its existing fever-treating department into a designated zone for COVID-19 patients. Doctors from other departments can also be assigned to treat their patients in this zone, and no excessive quarantine is required.
Patients with other illnesses will no longer be required to do a COVID-19 test, only elderly patients will be tested for the virus, and special attention will be paid to them if the results are positive, Lu said.
Beijing has also set up new fever clinics and consulting rooms or expanded existing ones, requiring all hospitals at the second level and higher and qualified primary medical institutions to set up fever clinics.
In many places, including Beijing and east China's Zhejiang Province, multiple hospitals have opened special online services for COVID-19 treatment so that patients with symptoms can make inquiries online.
Hospitals in Shanghai have opened a special admission channel to receive patients whose nucleic acid test or antigen test results were abnormal.
"We have set up different areas and provided different channels for different groups of patients to ensure all the patients can receive medical care timely. For patients who are seriously ill, they will receive treatment in time whether or not they have negative COVID-19 test results," Ma Xin, deputy president of the Huashan Hospital of Fudan University in Shanghai, told Shanghai Media Group.
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SOURCE CGTN | https://www.wlbt.com/prnewswire/2022/12/14/cgtn-new-approaches-hospitals-gear-up-prioritize-covid-19-patients/ | 2022-12-14T08:11:16 | en | 0.954956 |
DALLAS, Dec. 14, 2022 /PRNewswire/ -- Texas Instruments (TI) (NASDAQ: TXN), a leader in high-voltage semiconductor solutions, today announced that Chicony Power designed in TI's integrated gallium nitride (GaN) technology to power its latest 65-W laptop power adapter, Le Petit. Leveraging TI's half-bridge GaN FET with integrated gate driver, LMG2610, Chicony Power and TI collaborated on a design to reduce the size of Chicony's power adapter by 50% and increase efficiency up to 94%.
As a leading power supply provider committed to improving power conversion efficiency in electronic power designs, Chicony Power has worked closely with international IC companies, providing them with market and technical requirements to help develop solutions in new designs. For the Le Petit laptop adapter design, Chicony Power teamed up with TI for its expertise in high-voltage design and its integrated GaN technology. TI's LMG2610 is designed to be paired with the UCC28782 active clamp flyback (ACF) controller to create an easy-to-use, high-efficiency, and high-power-density solution for AC/DC designs under 75 W.
Improving power conversion efficiency
Increasingly, consumers seek smaller, lighter electronics while also wanting to reduce their energy footprint. In the laptop power adapter market, this has challenged engineers to find new ways to pack more power in smaller spaces while minimizing power loss to deliver more efficient adapters.
Chicony Power and TI were able to miniaturize the power adapter design and lower the use of mechanical materials by 40% by leveraging TI's LMG2610 GaN FET, which integrates upper and lower switches, gate driver IC, level shifter and bootstrap circuits on a single chip, as well as Chicony Power's 3D structure, component miniaturization, heat dissipation system and electromagnetic interference (EMI) suppression design expertise. Le Petit has a compact size of 49 cm3, slightly larger than a typical ice cube, with a power supply conversion efficiency as high as 94% compared to the 89% efficiency achieved by typical power adapters using silicon materials.
"Our collaboration with Chicony Power is an example of how TI's products help make electronics smaller, more energy-efficient and more reliable," said Luke Lee, TI's vice president for Asia and president for Taiwan, Korea and South Asia. "Our highly integrated GaN technology enables power adapters with improved thermal performance and power efficiency while delivering high power density with fewer components."
"Chicony has been committed to corporate social responsibility and has been implementing the code of conduct of Responsible Business Alliance (RBA) for many years," said Winson Huang, chief procurement officer, Chicony Power. "The collaboration with TI to develop a new generation of power adapters will not only provide consumers with lighter and more convenient devices, compared to other 65-W adapters in the market, but also use the advantages of both parties to jointly create more energy-efficient products."
Addressing thermal and EMI challenges
In addition to power efficiency and size advantages delivered by TI's integrated GaN technology, the UCC28780 and UCC28782 flyback controllers support high-frequency zero-voltage switching (ZVS) design. Combining these advantages with Chicony Power's power design expertise, Chicony Power's designers were able to overcome the temperature increases and rise in EMI typically caused by higher frequency energy in lightweight power supplies, and effectively reduced the size of the power adapter while maintaining temperature and performance control.
To learn more about Chicony Power, see https://www.chiconypower.com.
For more information on TI's GaN technology, see ti.com/gantechnology.
About Texas Instruments
Texas Instruments Incorporated (Nasdaq: TXN) is a global semiconductor company that designs, manufactures, tests and sells analog and embedded processing chips for markets such as industrial, automotive, personal electronics, communications equipment and enterprise systems. Our passion to create a better world by making electronics more affordable through semiconductors is alive today, as each generation of innovation builds upon the last to make our technology smaller, more efficient, more reliable and more affordable – making it possible for semiconductors to go into electronics everywhere. We think of this as Engineering Progress. It's what we do and have been doing for decades. Learn more at TI.com.
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SOURCE Texas Instruments | https://www.wlbt.com/prnewswire/2022/12/14/chicony-power-ti-join-forces-bring-gan-technology-next-generation-energy-efficient-laptop-power-adapter/ | 2022-12-14T08:11:23 | en | 0.926679 |
HONG KONG, Dec. 13, 2022 /PRNewswire/ -- On 12 December 2022, the results of the fourth ESG Leading Enterprise Awards 2022, which was organized by the Chinese Edition of Bloomberg Businessweek in partnership with Deloitte, one of the world's largest accounting firms, and with the support from InvestHK under the Government of the Hong Kong Special Administrative Region, Hong Kong Institute of Bankers, Hong Kong Securities and Investment Institute, and CFA Society Hong Kong, were announced at the awards ceremony. Fosun International has garnered the "ESG Leading Enterprise Award" in the Category I - Market capitalization over HK$20 billion and the "ESG Leading Social Initiative Award".
The "ESG Leading Enterprise Award" commends Fosun for actively promoting the sustainable development of ESG
This year, Fosun International was accredited with the "ESG Leading Enterprise Award" in the Category I - Market capitalization over HK$20 billion by Bloomberg Businessweek/Chinese Edition, representing the market's recognition of Fosun International in environmental, social, corporate governance (ESG), corporate sustainability, and information disclosure, etc. Recipients of the "ESG Leading Enterprise Award" in the Category I - Market capitalization over HK$20 billion include large-scale Hong Kong-listed companies such as Hang Seng Bank, Henderson Land Development, Sun Hung Kai Properties, New World Development, Sino Land, etc.
As a globalized company rooted in China, Fosun takes initiatives to create business value and gives high priorities to corporate social responsibility. Together with its original aspiration of "Self-improvement, Teamwork, Performance, and Contribution to Society" and its corporate mission of "Creating Happier Lives for Families Worldwide", Fosun has always integrated the principle of sustainable development into all levels of the Group's operations.
Since 2019, Fosun International has established the ESG Board Committee and the ESG Working Group to comprehensively improve ESG management and ensure the implementation of each ESG indicator. Fosun International has also established an ESG Management Committee as well as an ESG Executive Committee to promote the effective implementation of ESG strategies and initiatives.
In recent years, Fosun has achieved remarkable ESG performance. Its MSCI ESG rating was AA and the Hang Seng Sustainability rating was A. Fosun International has been selected as a constituent stock of Hang Seng ESG 50 Index (top 50 large-to-mid cap) for two consecutive years and it has been included as a constituent stock of the Hang Seng Corporate Sustainability Benchmark Index for three consecutive years, which includes 87 Hong Kong-listed companies with the most outstanding performance in corporate sustainability (top 20% of the Hang Seng Composite Index constituent stocks). Besides, its FTSE Russell ESG rating improved significantly, outperforming the industry average, and it has been included in the FTSE4Good Index Series for the first time this year. Its S&P CSA ESG score ranked ahead of 90% of its global peers and significantly ahead of the industry average. All these affirm Fosun's ESG achievements and the global recognition of Fosun's ESG efforts.
The "ESG Leading Social Initiative Award" commends Fosun's contribution to the global fight against the pandemic and malaria
Bloomberg Businessweek/Chinese Edition presented Fosun the "ESG Leading Social Initiative Award" to commend Fosun for its active contribution to the global fight against the pandemic including the introduction of COMIRNATY®, a mRNA COVID-19 vaccine jointly developed with BioNTech, a German biotechnology company. At the same time, it commends Fosun for its contribution in aiding the fight against malaria in Africa. Fosun has participated in the joint construction of a "malaria-free world" for more than 15 years. Fosun Pharma's self-developed Artesun®, artesunate for injection has brought hope to malaria patients.
Since the COVD-19 outbreak in early 2020 and in the face of the severe pandemic situation overseas, Fosun has immediately initiated the global deployment of medical supplies to provide strong support for overseas countries and regions to fight against the pandemic. Fosun also partnered with BioNTech to jointly develop the mRNA COVID-19 vaccine, COMIRNATY®. As of June 2022, a total of more than 30 million doses of COMIRNATY® have been sold in Hong Kong SAR, Macao SAR and Taiwan region. In November 2022, Hong Kong SAR and Macao SAR introduced the COMIRNATY® bivalent vaccine, which can protect against the Omicron variant, and vaccination became available on 1 December. In addition, in response to the Macao SAR government's epidemic prevention and measures to expedite tourism recovery, the self-paid COVID-19 vaccination service of the COMIRNATY® COVID-19 mRNA vaccine for non-Macao residents has been officially rolled out as of 1 November 2022.
In addition to COMMIRATY®, the artesunate for injection, Artesun®, self-developed and manufactured by Fosun Pharma, is the first Chinese brand pharmaceutical product well recognized in Africa and it has been used to treat over 48 million severe malaria patients worldwide by the end of 2021.
2022 marks Fosun's 30 years of establishment. Since its establishment 30 years ago, Fosun has put forward the core values of "Self-improvement, Teamwork, Performance, and Contribution to Society" to help Fosuners stay motivated. Standing at the new starting point of 30 years of establishment, Fosun will continue to strengthen its core businesses, deepen innovation and globalization, hoping to join hands with customers, partners, investors and all parties in the society to create a happy ecosystem and share happiness and value of Fosun to fulfill its mission of "Creating Happier Lives for Families Worldwide".
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SOURCE Fosun | https://www.wlbt.com/prnewswire/2022/12/14/fosun-international-receives-esg-leading-enterprise-award-esg-leading-social-initiative-award-bloomberg-businessweekchinese-edition/ | 2022-12-14T08:11:30 | en | 0.940219 |
BEIJING, Dec. 14, 2022 /PRNewswire/ --
Editor's Note:
With the holding of the China-Arab States Summit and China-GCC Summit, the relationship between China and Arab countries has been substantively improved. How should we see the significance of Chinese President Xi Jinping's Saudi trip? What are its implications? Global Times invited several Middle Eastern experts to share their views.
Fahad Almeniaee, director of the China and Far East Unit of the Riyadh-based Center for Research and Intercommunication Knowledge
There is no doubt that this visit is historic because the Kingdom of Saudi Arabia values its relationship with China, especially the presence of the Chinese President in Riyadh himself, and there has been a further improvement in the relationship. The relationship between the Kingdom of Saudi Arabia and China is a multi-faceted one, ranging from trade to culture. In fact, it is a mutual exchange of interests between the two countries, as well as a relationship of deep friendship.
Yahya Mahmoud bin Junaid, chairman of the Riyadh-based Center for Research and Intercommunication Knowledge
The Arab world views China as a loyal friend and effective proponent. There are many commonalities between the Arabs and the Chinese in customs and traditions. The presence of President Xi Jinping in Saudi Arabia, his participation in the China-GCC Summit, and China-Arab States Summit, besides his official visit to the Kingdom, are proof of the strength and solidity of the relationship between these countries and China. That also indicates respect and appreciation for China and its leadership in today's world, which is witnessing many changes.
Ebrahim Hashem, a UAE strategist
The Arabs are actively diversifying their strategic partners; China's meteoric rise has offered them with abundant opportunities for strategic partnerships in many areas. The Arabs have regained their self-confidence and are now gradually resolving major regional conflicts in countries such as Libya, Syria and Yemen. The Arabs view China's global development and security initiatives as positive contributions to stabilizing and improving the world system.
Both of the Arabs and Chinese are acutely aware of the tectonic changes the world system is currently experiencing. Both sides have been trying to influence the shape of the new emerging world order and both are committed to multipolarity. Both sides are eager to solidify their bilateral and multilateral relations, and are working to broaden and deepen their ties across a wide range of sectors from economics and trade to technology and science.
Nadia Helmy, an expert in Chinese political affairs and professor of political science, Beni Suef University, Egypt
The Arab and GCC countries' openness to China was motivated by the principles of non-interference in other countries' affairs by the Chinese side in its foreign policy. China has not taken a biased position in the fierce regional competition between Saudi Arabia and Iran, nor has it deviated from its position of neutrality toward the Palestinian-Israeli dilemma. On the other hand, its BRI encourages the regional countries to establish partnerships with China, and achieve win-win results.
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SOURCE Global Times | https://www.wlbt.com/prnewswire/2022/12/14/global-times-summits-indicate-depth-desire-strengthen-china-arab-ties/ | 2022-12-14T08:11:36 | en | 0.959959 |
The narrative has quickly shifted back towards expectations of peak inflation, this after US CPI came out softer than expected on Tuesday. The ensuing price action saw a heavy sell-off in the US Dollar and surge in US equities.
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GBP/USD holds above 1.2350 after UK inflation data
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EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
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Gold awaits US Federal Reserve for the next big move
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Fed December Preview: Will US Dollar selloff continue? Premium
The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/back-to-peak-inflation-talk-video-202212140620 | 2022-12-14T08:11:41 | en | 0.939989 |
- The certification was achieved through a formal quality system audit conducted by an accredited external organization
SYDNEY, Dec. 14, 2022 /PRNewswire/ -- IR (ASX:IRI) a leading global provider of performance management and analytics for unified communication and collaboration, IT infrastructure, and payment ecosystems, has achieved the ISO 27001:2013 certification, affirming its strong security practices and commitment to safeguarding customers, partners and vendors.
The certification, part of IR's Information Security Program is proof to guarantee clients, customers, and partners that the organization has implemented best practice information security methods. It further reinforces IR's sound governance framework, full-proof processes, and technical prowess.
"Given the increased proliferation of cyber-attacks recently witnessed, this independent certification showcases how serious IR is, about our cyber security approach. It also strengthens our credibility within the industry since we work with some of the top Fortune 500 customers globally. Adhering to recognised levels of control frameworks through the ISO27001:2013 certification is of paramount importance to both IR and our customers." said Michael Tomkins, Chief Technology Officer, IR.
About IR
IR is a leading global performance management and analytics provider for unified communication and collaboration, IT infrastructure, and payment ecosystems. Around 600 organizations in over 60 countries rely on IR solutions to connect people, global economies or the world. IR simplifies complex data streams, provides actionable insights and ensures business continuity of critical systems. To learn more about the organization, please visit ir.com
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SOURCE IR | https://www.wlbt.com/prnewswire/2022/12/14/ir-validates-its-strong-information-security-management-system-with-iso-270012013-certification/ | 2022-12-14T08:11:43 | en | 0.907485 |
Market movers today
After the CPI downside surprise yesterday, markets revert focus to the FOMC rate decision today. Despite signs of peak inflation, economic data continues to paint a strong picture of services activity and the US labour market, with high wage inflation and stagnant labour supply. Nevertheless, in line with guidance from various FOMC members, we (and markets) expect Fed to slow the hiking pace to 50bp today. But with the recent easing in financial conditions further rate hikes might be needed in 2023, read more in Fed Preview - Tightening pressure persists into 2023, 8 December.
In Sweden, November inflation figures are on the agenda and we expect both headline and underlying inflation to print higher compared to October.
Ahead of the Bank of England meeting tomorrow, we think UK inflation will slow to 10.9% in November, but core inflation could accelerate to 6.6% as wage growth remains high.
Overnight, China will release a batch of data, including industrial production, retail sales and home sales. They will likely be weak as signalled by both manufacturing and service PMI, however, Chinese growth should recover next year, as the zero-Covid policy is phased out.
The 60 second overview
US CPI: US inflation eased more than expected in November, as headline CPI rose by only 0.1% m/m (from 0.4%) and core CPI by 0.2% m/m. Price pressures eased on a fairly broad basis, although lower gasoline prices affected both the energy and transportation service components. Stickier parts of the CPI showed a more mixed picture; core goods prices continued to decline (-0.5%) amid normalizing used car prices while core services (ex. shelter) inflation was limited by a delayed negative base effect in health insurance prices. Neither effect reflects easing in the broader wage-sensitive part of inflation, which Fed has been the most worried about recently, and indeed core services inflation excl. shelter and healthcare accelerated slightly to 0.52% on m/m basis. Atlanta Fed's sticky CPI also accelerated to 6.6% y/y, signalling that while Fed is now moving in the right direction, it still needs to be able to cool labour market further and limit wage inflation to a level better consistent with its inflation target.
Market reaction and the Fed: The CPI release sparked a pronounced risk-on move in the markets, although equities reversed some of the gains later in the session. 50bp is still fully priced in for Fed's rate decision tonight, but markets pulled back on the terminal rate pricing to around 4.85%. Hence the focus will be on both the updated 'dot plot' and Powell's views on the monetary policy stance in 2023. We think Fed will still likely look to avoid sparking a too dovish market reaction in the evening, as the combination of lower yields, stronger equities and weaker broad USD seen yesterday reflect easing financial conditions. Commodity prices also moved higher, underlining the inflationary impact of the market reaction.
Equities: The initial cheer in equities at the CPI release wore off somewhat into the session. Dow Jones rose a mild 0.3% vs Nasdaq up 1%. Yield sensitive sectors naturally the winners, such as tech and real estate. Yet, in the Nordics, yield sensitive names like EQT or Hexagon outperformed together with value cyclicals like Boliden and Volvo. So, not very selective buying in the Nordics yesterday but rather full risk on.
FI: The lower than expected US inflation data lead to a solid bullish steepening of the US yield curve. The inflation data is supportive for the view that the Federal Reserve can slow down on the tightening of monetary policy. Hence, all focus will be on the FOMC meeting tonight and the ECB meeting on Thursday.
FX: Lower than expected US CPI immediately boosted risk sensitive assets and orchestrated a USD setback. The risk rally reverted somewhat later in the session and over the night, but EUR/USD remains well over 1.06 this morning. Today, all eyes turns from CPI to the Fed later tonight, where market expectations are for a 50bp hike. Before we get there, however, we start the day off with Swedish November CPI where we expect a re-acceleration of headline CPI on the back off a surge in domestic energy prices.
Credit: Yesterday, credit markets benefitted from a lower-than-expected US CPI print, which drove broad based spread tightening in CDS indices. iTraxx Main was 4.8bp tighter to 84.6bp while iTraxx Crossover was 24.9bp tighter at 439.1bp. Moreover, the primary markets saw only modest new deal activity across the Eurobond market.
Nordic macro
Sweden: We expect November inflation in Sweden to print 10.0% on CPIF ex energy on the back of significantly higher energy prices. Our forecast is higher than median consensus (9.6%) and way higher than the Riksbank's 8.8%. On the core measure, ex energy, our forecast is 8.3%, close to consensus 8.2% and slightly higher than the Riksbank's 8.1%. Given the outcomes in neighbouring Nordic countries, food for example, there might be a small downside risk to CPIF ex energy.
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EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
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Gold awaits US Federal Reserve for the next big move
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The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/fed-to-hike-by-50bp-despite-the-low-cpi-202212140640 | 2022-12-14T08:11:48 | en | 0.948967 |
VANCOUVER, BC, Dec. 13, 2022 /PRNewswire/ - Strategic Resources Inc. (TSXV: SR) (the "Company" or "Strategic") is pleased to announce it has entered into an arm's length share exchange agreement with BlackRock Metals Inc. ("BlackRock") dated December 13, 2022 (the "Share Exchange Agreement") pursuant to which Strategic will acquire all of the outstanding shares in BlackRock for shares of Strategic (the "Transaction"). The Transaction will constitute a reverse takeover of Strategic. Upon completion of the Transaction, BlackRock will become a wholly-owned subsidiary of Strategic. Strategic will continue to trade on the TSX Venture Exchange (the "TSXV") under the name "Strategic Resources Inc.". The combined entity will create a leading critical minerals company in Tier 1 global mining jurisdictions.
Scott Hicks, Strategic Resources CEO and Director commented: "This Transaction is the third step in the Company's mission to add large-scale vanadium resources in Tier 1 global jurisdictions. The combination of these assets provides a path to being a globally significant producer and will help unlock value for shareholders. Our team is extremely excited to welcome BlackRock's shareholders as large institutional shareholders and long-term partners of the Company."
Sean Cleary, BlackRock Chairman and CEO added: "The combination of Strategic and BlackRock creates a platform for growth in critical minerals (vanadium / titanium alloy) and battery industries globally. The Transaction also enhances the value of our high purity pig iron / vanadium / titanium project. The execution of our business plan will help secure a North American supply of vanadium, titanium and steel value chain inputs that have the lowest carbon intensity products available on the market. The addition of Ross Beaty and his experienced management team alongside the BlackRock management team and institutional shareholders also accelerates our ability to advance the financing and construction of the BlackRock Project."
The Transaction has been approved by the board of directors of both BlackRock and Strategic, and is subject to various closing conditions including approval of shareholders of Strategic, certain regulatory approvals, including clearance under the Competition Act (Canada), completion of the Offering (as defined below) and approval of the TSXV.
Concurrently with the Transaction, the Company will raise $14.0 million of equity through a private placement of $13.5 million of subscription receipts ("Receipts") and $0.5 million of convertible debentures (collectively the "Offering"). The Receipts will be issued at a price of $0.50 per Receipt. The Offering is expected to be led by current BlackRock shareholders, including Orion Resource Partners (USA) LP ("Orion"), and Ross Beaty, who collectively have indicated an intention to contribute $11.6 million. The participation of a shareholder of BlackRock (Investissement Québec) in the Receipts private placement is subject to approval of the Government of Québec. Each Receipt will entitle the holder to receive, without payment of additional consideration or further action, upon closing of the Transaction, one common share of Strategic (a "Strategic Share").
Key Transaction Highlights:
- BlackRock owns 100% of the construction ready BlackRock Vanadium-Titanium-Iron Project in Quebec, Canada (the "BlackRock Project").
- The Transaction provides Strategic shareholders ownership in a near-term critical minerals producer.
- The Offering provides ample working capital to reach a construction decision and a path to completion of a construction funding package for the BlackRock Project.
- BlackRock provides a shovel ready fully permitted project in a Tier 1 jurisdiction, with strong local and provincial support, significant existing infrastructure and backing from a sophisticated investor base.
- BlackRock Project provides four decades of potential production, delivering an after-tax NPV (8%) of C$1.9 billion.
- Strategic's Mustavaara project in Finland will provide a brownfield, de-risked, development pipeline asset.
- The combined company will continue with the name of Strategic Resources.
- The Company's head office will be relocated to Montreal, Québec, the location of BlackRock's current head office and the province in which the BlackRock Project is located.
The Transaction will proceed by way of a share exchange where BlackRock's shareholders will receive 280,000,000 Strategic Shares in exchange for 100% of BlackRock's existing common shares, representing total consideration equal to approximately $140 million, based on a price per Strategic Share of $0.50, which is equal to the issue price of the Receipts.
It is anticipated that upon completion of the Transaction, current Strategic shareholders will own 14% and BlackRock shareholders will own 86%, respectively, of the post-Transaction issued and outstanding Strategic Shares (there are currently 44,833,038 of Strategic Shares issued and outstanding), without giving effect to the Offering, potential stock option exercises or potential warrant exercises.
Immediately following completion of the Transaction and the Offering, Strategic will consolidate the Strategic Shares at a ratio of six pre-consolidation shares to one post-consolidation share.
Table 1: Post-Consolidation Capital Structure
Established in 2008, BlackRock is a privately-owned Canadian company developing a fully integrated, environmentally enhanced, metals and materials manufacturing business from its wholly-owned vanadium and titanium bearing magnetite ("VTM") deposit in Québec, Canada. The Mine and Concentrator portion of the Project is located approximately 700 km north of Montréal, and 20 km southeast (60 km by road) of Chibougamau, Québec on traditional Cree lands within the James Bay Territory. The metallurgical facility portion of the Project is located at Port Saguenay, a Federal deep sea port and industrial park with access to the St. Lawrence Seaway. Port Saguenay is 380km south of Chibougamau which is connected by existing railway. Both the mine site and metallurgical facility are fully permitted to commence construction. BlackRock has an Impact Benefit Agreement in place with the Cree Nation Government and the Ouje-Bougoumou Cree Nation, Development Agreements in place with the Innu First Nations and Co-operation Agreements in place with nearby municipalities. BlackRock intends to produce a number of critical minerals including Vanadium, Titanium and High Purity Pig Iron in an integrated operation. The BlackRock Project includes what will be the first VTM mine in North America and one of the lowest carbon emitting metallurgical plants in the world. The plant is designed to be green hydrogen ready and BlackRock's plans call for these critical and strategic minerals to be transformed into green products used by industry to produce high quality metal alloys and advanced batteries, reducing the global greenhouse gas emissions of producing such products.
A National Instrument 43-101 – Standards of Disclosure for Mineral Projects ("NI 43-101") Feasibility Study for the BlackRock Project (the "FS") is being prepared by BBA Inc. with an effective date of November 18, 2022 and will be filed on the Company's and BlackRock's respective SEDAR profiles at www.sedar.com within 45 days of this press release in accordance with NI 43-101. A summary of the key results and the mineral reserve and mineral resource estimate can be found below:
FS Economic Results and Production Summary:
Southwest NI 43-101 Mineral Reserve Estimate
Southwest and Armitage NI 43-101 Mineral Resource Estimate
Note: Mineral resources are inclusive of mineral reserves. See Mineral Reserve and Mineral Resources Notes section for more details.
The Transaction will be undertaken by way of a share exchange agreement. As the Transaction will amount to a reverse take-over pursuant to policy 5.2 of the TSXV Corporate Finance Manual, Strategic will be required to obtain its shareholders' approval, which will be done by way of consent resolution. All other matters, including changes to the board of directors and management of Strategic, as well as the share consolidation will be affected by way of directors' resolutions.
Completion of the Transaction is subject to certain conditions including, but not limited to, receipt of all applicable shareholder and regulatory approvals, and completion by Strategic of the offering of Receipts to raise minimum gross proceeds of $13.5 million.
In accordance with TSXV policies, trading in the Company's shares has been halted and is expected to remain halted pending completion of the Transaction. The Company will be seeking waiver of the TSXV condition of sponsorship to the Transaction, however there is no assurance such waiver will be granted.
Investissement Québec's mission is to play an active role in Québec's economic development by stimulating business innovation, entrepreneurship and business acquisition, as well as growth in investment and exports. Operating in all of the administrative regions in the Province of Québec, Investissement Québec supports the creation and growth of businesses of all sizes with investments and customized financial solutions. It also assists businesses by providing consulting services and other support measures, including technological assistance available from Investissement Québec – CRIQ. In addition, through Investissement Québec International, it prospects for talent and foreign investment in Québec, and assists Québec businesses with export activities.
Orion is a global asset management firm that specializes in institutional investment strategies in precious and base metals and minerals, many of which are currently leveraged to stimulus and infrastructure spend and the push to decarbonize. Headquartered in NYC and with offices in Denver, London, and Sydney, Orion includes a team of 65 professionals with backgrounds in metals finance, physical metals logistics and sales, and in-house technical professionals responsible for risk assessment and portfolio management.
Strategic intends to issue 27,000,000 Receipts at $0.50 per Receipt for gross proceeds of $13,500,000. Each Receipt will automatically convert to one Strategic Share upon closing of the Transaction. In the event the Transaction fails to close by March 31, 2023 (or such other date as may be agreed upon), the Receipt proceeds will be returned to investors without interest or deduction. The Company plans to use the net proceeds from the Receipts to advance BlackRock to a construction decision, continue permitting and pre-feasibility study work at Mustavaara, and for general corporate purposes. The Receipts are subject to certain conditions customary for placements of this nature, including approval of the TSXV. Investissement Québec's participation in the offering of Receipts is subject to final authorizations prior to closing.
The Company also intends to issue $500,000 of convertible debentures with a coupon rate of 10% and a term expiring on the earlier of (i) one year, or (ii) closing the Transaction. Proceeds of this interim debt financing will be used to fund the Company's costs of completing the Transaction. Upon closing of the Transaction, these securities will automatically convert to Strategic Shares at $0.50 per share. In the event the Transaction does not close, the conversion price will become the pre-Transaction announcement closing price of $0.35 per share.
All securities issued in the Offering will be subject to a statutory hold period of four months and one day.
The securities to be offered pursuant to the Offering have not been, and will not be, registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws, and may not be offered or sold in the United States or to, or for the account or benefit of, United States persons absent registration or any applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. This news release shall not constitute an offer to sell or the solicitation of an offer to buy securities in the United States, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful.
Strategic expects certain of its insiders to participate in the Offering, which should constitute a "related party transaction" within the meaning of TSXV Policy 5.9 and Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company will rely on exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of related party participation in the Offering as neither the fair market value (as determined under MI 61-101) of the subject matter of, nor the fair market value of the consideration for, the Offering, insofar as it involves the related parties, will exceed 25% of the Company's market capitalization (as determined under MI 61-101).
Upon completion of the Transaction, it is anticipated that the board of directors of the Company (the "Board") will be comprised of four directors, of which one director will be nominated by Orion and one director will be nominated by Investissement Québec. Both Investissement Québec and Orion shall also nominate one observer to the board each. The members of the Company's Board and leadership team will consist of the following individuals:
Sean Cleary, Chairman and Chief Executive Officer
Mr. Cleary co-founded BlackRock Metals in 2008 and has significant experience in financing mining projects, mergers and acquisitions, corporate financing and scaling up companies. He was Executive Chairman & Head of Corporate Development of Groupworks Financial Corp., (now People Corporation), Senior Vice-President of Quest Capital (now Sprott Resource Corp.) and co-founder and Chief Financial Officer of Caratax Management Ltd., a Canadian mining fund. He also served as director of private and public companies. He holds an MBA from the Richard Ivey School of Business and a Bachelor of Arts Degree (History) from the University of Western Ontario.
Dan Nir, Chief Financial Officer
Mr. Nir has held various corporate development and investment banking positions in Toronto and New York and has advised on numerous mergers and acquisitions and corporate finance transactions. Prior to joining BlackRock Metals, he worked in the investment banking groups of Jefferies & Company, CIBC World Markets and Wellington West Capital Markets where he was responsible for structuring, negotiating and executing mergers and acquisitions mandates as well as equity and debt capital markets transactions. He holds an Honours in Business Administration and an MBA from the Richard Ivey School of Business at the University of Western Ontario.
Scott Hicks, Executive VP Corporate Development and Director
Mr. Hicks was previously an investment banker working with RBC Capital Markets and BMO Capital Markets on their respective mining teams. He also served as VP Corporate Development and Communications of Anfield Gold Corp., which was consolidated into Equinox Gold. He currently serves as CEO of Strategic, Director of Atacama Copper Corp. and the VP Corporate Development and Communications of Lumina Gold Corp. and Luminex Resources Corp. Over the last decade he has worked on a variety of equity, debt and advisory assignments while working in Canada and Australia. Mr. Hicks holds a Bachelor of Commerce with Honours from the University of British Columbia.
Danie Dutton, VP Technical Services & Metallurgical Products and Processes
Mr. Dutton has been working with BlackRock Metals since 2016 in the company's technical services group. He has 25 years of experience in the iron, steel, titanium, alloys and vanadium industry. Previously, he worked for Anglo America at Highveld Steel and Vanadium in South Africa and at Vanchem Vanadium Products in the Vanadium Chemical, Oxides & FeV Operations, Vanadium Market Development, Vanadium Mine Development, R&D and Analytical Services. In 2011, he founded Symphony Trade & Investments where he marketed commodities such as vanadium chemicals, alumina, iron ore, coal, chrome concentrates, manganese ores where he developed Iron, Steel and Vanadium projects including vanadium battery electrolyte manufacturing and battery system installations for the South African telecommunication industry. Originally based in South Africa where he studied Metallurgical Engineering (Extractive) and Chemical Engineering, Mr. Dutton emigrated to Montreal Canada in 2019.
Alexandre Meterissian, VP ESG & Communications
Mr. Meterissian has been a Managing Director at Teneo since 2020 which he joined via the acquisition of HATLEY Strategy Advisors where he was a Partner and has been working with BlackRock since 2014. He has been seconded to BlackRock since 2019 to lead its governmental affairs and communications functions. Before joining Teneo, Alexandre worked at various ministerial offices in Ottawa, most notably for the Ministers of Foreign Affairs and Immigration. He contributed to the development of foreign policy initiatives and was responsible for relations with cultural communities in the Greater Montreal Area and for communicating numerous government policies. He holds a bachelor's degree in political science, economics and philosophy from McGill University as well as a Master's degree (M.Sc.) in Strategy from HEC Montréal.
Jukka Pitkäjärvi, VP Geology & Finland Operations
Mr. Pitkäjärvi has worked for more than 30 years in the international mining and metallurgical industry. Most recently he was CEO of Ferrovan Oy, a private company developing the Mustavaara project and other vanadium projects in Finland. Mr. Pitkäjärvi holds a M.Sc in Geology and Mineralogy from University of Oulu (Finland), Business Engineering Diploma from Oulu Polytechnical University (Finland) and Business Management Diploma from POHTO - Institute for Management and Technological Training (Finland).
Michael Lam, VP Finance
Mr. Lam, CPA , has over 25 years of experience in accounting and finance. Previously, he worked in senior managerial roles at global accounting firms such as Deloitte & Touche LLP and KPMG and has acted as director and/or chief financial officer and VP Finance for numerous public companies in Canada.
Kurt Wasserman, Director
Mr. Wasserman currently serves as an Investment Manager at Orion Resource Partners. Prior to joining Orion, he worked at Rothschild & Co in the firm's Metals & Mining Investment Banking group. Mr. Wasserman earned his B.S. in International Economics from Georgetown University.
Amyot Choquette, Director
Senior Director, Investments, at Ressources Québec, a division of Investissement Québec that offers financial products for the mining, forest products and energy industries, since 2012. Prior to that, he held several positions from 2000 to 2011 at the Société Générale de Financement du Québec, where he carried out investments and financings in the mining and forest products industries. He also worked at the Fonds régional de Solidarité FTQ in the City of Québec from 1996 to 2000. Prior to his work in the investment and financing industry, he worked at Raymond Chabot Grant Thornton. Mr. Choquette is a graduate of Université Laval (B.A.A. – 1991) and has been a CPA CA since 1993.
Victor Flores, Board Observer
Mr. Flores joined Orion in 2019. Prior to Orion, Mr. Flores was a gold mining sector consultant, having worked on projects for both senior gold companies and investment advisors. From 2009 to 2018 he was a partner at Paulson & Co., a leading NY-based hedge fund, where he was one of the Partners responsible for the firm's gold investments. From 1998 to 2009 he was a Managing Director and Senior Mining Analyst at HSBC, where he was responsible for the firm's global gold mining research product. Mr. Flores started his career at United Services Advisors (now US Global Investors), a Texas-based investment management company known for its expertise in natural resources and precious metals, initially working as a sector analyst but later taking on the role of Portfolio Manager and Chief Investment Officer. Mr. Flores earned both his Bachelor's degree in Geological Sciences and his Master's degree in Energy and Mineral Resources from the University of Texas at Austin. He has been a CFA charter holder since 1992.
Fabrice Consalvo, Board Observer
Mr. Consalvo currently serves as Director, Energy and Transport Electrification at Ressources Québec, a division of Investissement Québec that offers financial products for the mining, forest products and energy industries. Mr. Consalvo has a Master of Engineering from the Universite Joseph Fourier and an MBA from ESCP Business School.
Transaction Advisor
The Company's Board has commissioned a fairness opinion from Cormark Securities Inc. in connection with the Transaction.
- Resources are defined at a minimum cut-off of 10% Saturation Magnetic Analysis ("Satmagan"). Due to the necessary rounding of estimates, the rounded totals may slightly differ from the sum of rounded individual estimates.
- The Mineral Resource estimate (effective date June 5, 2017) was completed by Claude Bisaillon, P.Eng. (OIQ #116407) from DRA Americas formerly from SGS Geostat at the time of writing the present report, an independent Qualified Person as defined in NI 43-101.
- The effective date of the Mineral Reserve estimate is October 2022.
- The Mineral Reserves were estimated using the Canadian Institute of Mining, Metallurgy and Petroleum (CIM) Standards for Mineral Resources and Reserves, Definitions and Guidelines prepared by the CIM Standing Committee on Reserve Definitions and adopted by CIM Council in May 2014.
- The Mineral Reserve statement was prepared by Isabelle Leblanc (OIQ #144395) of BBA Inc., an "independent qualified person", as that term is defined by National Instrument 43-101.
- Open pit Mineral Reserves have been estimated using a 0.29 net revenue factor apply on High Purity Pig Iron (HPPI) price of 670 CAD/t of product, a Ferrovanadium (FeV) price of 54,341CAD/t of product, a foreign exchange rate of CAD1.33 to USD1.00.
- Open pit reserves have been estimated using a cut-off grade of 10% Satmagan.
- The life of mine strip ratio is 2.2.
- Reserves are derived from the Satmagan Resources Statement (182.4Mt of resources in the Measured and Indicated categories at a cut-off grade of 10%) prepared by Claude Bisaillon, P.Eng. (OIQ #116407) from DRA Americas formerly from SGS Geostat.
- The reference point for the Mineral Reserves is the crusher feed.
- Expected %V2O5 in concentrate and % metallurgical weight recovery are based on Davis Tube Analysis (DTA) metallurgical testwork. The formulas by mineralized units, are presented in Chapter 13.1.3 of the FS.
- BBA Inc. is not aware of any known environmental, permitting, legal, title-related, taxation, socio-political, marketing or other relevant issue that could materially affect the Mineral Reserves estimate, except for those already discussed in the FS.
The FS was prepared by the following Qualified Persons under NI 43-101, each of whom is independent of BlackRock and the Company under NI 43-101, who have reviewed, verified, and approved the scientific and technical data for which they have responsibility contained in this news release pertaining to the FS.
Strategic Resources Inc. (TSXV:SR) is a Vancouver, Canada-based mineral exploration and development company focused on vanadium projects in Finland. The Company is primarily focused on its flagship Mustavaara vanadium-iron-titanium project in Finland.
Further details are available on the Company's website at https://strategic-res.com/.
To follow future news releases, please sign up at https://strategic-res.com/contact/.
STRATEGIC RESOURCES INC.
Signed: "Scott Hicks"
Scott Hicks, CEO
BLACKROCK METALS INC.
Signed: "Sean Cleary"
Sean Cleary, Chairman & CEO
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Completion of the Transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable, disinterested shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.
Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of Strategic should be considered highly speculative. The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this news release.
Certain statements and information herein, including all statements that are not historical facts, contain forward-looking statements and forward-looking information within the meaning of applicable securities laws. Such forward-looking statements or information include but are not limited to statements or information with respect to (i) closing of the Transaction; (ii) mineral resources and reserves within the Project; (iii) completion of the Offering and the future uses thereof; and (iv) obtaining all necessary shareholder and regulatory approvals to the Transaction. Often, but not always, forward-looking statements or information can be identified by the use of words such as "will" or "projected" or variations of those words or statements that certain actions, events or results "will", "could", "are proposed to", "are planned to", "are expected to" or "are anticipated to" be taken, occur or be achieved.
With respect to forward-looking statements and information contained herein, the authors of the FS have made numerous assumptions including among other things, assumptions about general business and economic conditions, the prices of vanadium, titanium and pig iron, and anticipated costs and expenditures. Their list of assumptions may not be exhaustive, and no assurances can be given that any or all of the assumptions will prove to be inaccurate, or that conditions will not change in a manner that results in some or all of the assumptions becoming inaccurate.
Although management of the Company believes that the assumptions made and the expectations represented by all forward-looking statements or information are reasonable, there can be no assurance that a forward-looking statement or information herein will prove to be accurate. Forward-looking statements and information by their nature are based on assumptions and involve known and unknown risks, uncertainties and other factors which may cause the Company's actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements or information. These factors include, but are not limited to: risks associated with the business of the Company; business and economic conditions in the mining industry generally; the supply and demand for labour and other project inputs; changes in commodity prices; changes in interest and currency exchange rates; risks relating to inaccurate geological and engineering assumptions (including with respect to the tonnage, grade and recoverability of reserves and resources); risks relating to unanticipated operational difficulties (including failure of equipment or processes to operate in accordance with specifications or expectations, cost escalation, unavailability of materials and equipment, government action or delays in the receipt of government approvals, industrial disturbances or other job action, and unanticipated events related to health, safety and environmental matters); risks relating to adverse weather conditions; political risk and social unrest; changes in general economic conditions or conditions in the financial markets; and other risk factors as detailed from time to time in the Company's continuous disclosure documents filed with Canadian securities administrators. Strategic does not undertake to update any forward-looking information, except in accordance with applicable securities laws.
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SOURCE Strategic Resources Inc. | https://www.wlbt.com/prnewswire/2022/12/14/leading-critical-minerals-company-blackrock-metals-merge-with-strategic-resources/ | 2022-12-14T08:11:49 | en | 0.939785 |
Markets
US CPI eased more than expected in November to 7.1% headline and 6% core inflation. The downside surprise was no more than 2 and 1 hundreds of a percent respectively but it mattered for markets. US short term yields dropped almost 25 bps intraday (2y), outperforming the long end (<20 bps in the 10y). Part of those losses were recouped later in the session. Yields eventually closed 15.8 bps lower at the short end with the 2y yield losing the 4.25% neckline support. The back of the curve shed 3.9 bps. The 30y underperformed after a 3 bps tailed $18bn auction. US Treasury action pulled German Bunds in its slipstream. But the damage in terms of yields was limited to a max of 5.1 bps at the front. Gilt yields parted ways by searing more than 10 bps (10y, 30y) in the wake of a strong labour market report. The dollar got dumped yesterday. The trade-weighted index fell to the lowest level since June (103.98). USD/JPY retreated from 137.67 to 134.66 with further losses prevented by the 200dMA. EUR/USD snapped higher, beyond the 38.2% recovery of the ‘21/’22 decline (1.0611). Sterling traded somewhat disappointing given the deviating Gilt performance. GBP/USD eked out a big figure to 1.2366 but EUR/GBP finished the day slightly higher just south of 0.86. Technical factors could have been at play. Another failed test of the 0.8567 support area triggered reverse action higher. Interesting moves on equity markets yesterday as well. The likes of the Nasdaq only retained about a percent of its almost 4% surge at the open.
There’s some news flow in Asian dealings in the form of new economic forecasts in New Zealand (see below) and Japan’s Q4 Tankan survey. UK CPI came in at 10.7% headline and 6.3% core early in the European morning. Both are a little less than expected but for the moment fail to trigger a reaction in sterling. If there even was one, it eases the case for another 75 bps rate hike by the BoE tomorrow. All eyes are now turned to the US for today’s main event, the Fed policy decision. The US central bank is poised to slow the tightening pace from (4x) 75 bps to 50 bps. That will bring the policy rate to 4.25/4.50%. The real market information lies in the new economic projections. These will probably entail another upward revision to the inflation forecasts. PCE inflation was seen in September at 5.4% this year, 2.8% next year and 2.3% in 2024 before returning the 2% target in 2025. Although economic indicators in most cases held up relatively well lately, we wouldn’t be surprised to see some downward adjustments to the growth forecasts. This is because we expect the Fed to have raised the terminal policy rate to 5% and perhaps even more, in line with recent guidance from chair Powell and others. Critically, both the median rate projections (dot plot) and Powell will emphasize that this higher policy rate is here to stay for longer. In a sense, markets have brought this upon themselves. Because of the recent sharp repositioning financial conditions have eased materially, undoing part of the Fed’s efforts. We anticipate a strong pushback against the 50 bps rate cuts being priced in for the second half of next year – which in our view is unjustified and have never been consistent with Fed talk.
News headlines
The New Zealand government presented its Half-Year Economic and Fiscal update this morning. FM Robertson warns for a rough year ahead with the economy forecasted to shrink by 0.8% in the 2023 calendar year. Household incomes will feel the pain from rising mortgage interest rates, higher unemployment and falling house prices. Mortgages are linked to the RBNZ’s aggressive anti-inflation campaign with the policy rate currently at 4.25% and expected to peak at 5.5%. The unemployment rate is set to rise from 3.3% to 3.8% by mid-2023 and to 5.5% by mid- 2024. The focus in the government’s 2023 budget will be to contain spending and achieve a contractionary fiscal policy. The 2022-23 budget deficit is forecast at NZD 3.6bn (vs NZD 6.6bn in May) and projected to return into surplus in 2024-25. Net debt is set to rise from 17.2% of GDP mid-2022 to 21.4% by mid-2024.
OPEC yesterday published its monthly oil market report. The cartel warns that the recent global economic growth slowdown will have far-reaching implications for next year which it labels as surrounded by many uncertainties mandating vigilance and caution. More specifically, OPEC sees a finely-balanced market in Q1 2023 instead of a deficit in the November Monitor. The cartel for now decided to keep its global oil demand and supply forecasts for next year broadly unchanged though. Oil prices dropped almost 20% over the past month with Brent crude setting a cycle low at $75/b, before rebounding to the $80/b area where it is trading now.
This non-exhaustive information is based on short-term forecasts for expected developments on the financial markets. KBC Bank cannot guarantee that these forecasts will materialize and cannot be held liable in any way for direct or consequential loss arising from any use of this document or its content. The document is not intended as personalized investment advice and does not constitute a recommendation to buy, sell or hold investments described herein. Although information has been obtained from and is based upon sources KBC believes to be reliable, KBC does not guarantee the accuracy of this information, which may be incomplete or condensed. All opinions and estimates constitute a KBC judgment as of the data of the report and are subject to change without notice.
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SINGAPORE, Dec. 14, 2022 /PRNewswire/ -- The most anticipated football tournament is underway and fans from around the world are coming together to celebrate the most beautiful game. Amidst these fans are companies like NFT11 and WIRTUAL, looking to amplify the football fever with a novel and innovative project.
M3TACUP is an inaugural event organised by NFT11 and WIRTUAL, bringing to its audiences a football tournament where they can compete virtually and physically without borders, and claim some fantastic rewards. Not only will participants be able to acquire digital assets from M3TACUP's Battle Pass System known as M3TAPASS, but the top 11 teams in M3TACUP's ranking will also walk away with a total of US$11,000 worth of prizes.
"The NFT11 Metaverse is expansive, we are looking to incorporate a variety of Web 3.0 elements into our metaverse, bridging both the virtual and physical world in the spirit of gaming. Pioneering M3TACUP is one example of initiatives we have, to connect all who can appreciate gaming as well as football." - Andrew Ling, CEO of NFT11
"Collaboration between NFT11 and WIRTUAL will create a new use case for the Web 3.0 world where exercising in the real world will connect us with games in the virtual world leading to mainstream adoption. This innovative project will allow users to use the application daily boosting their health, enjoyment and income." - James Supacheep Phornwatanakul, CEO of WIRTUAL
NFT11 and WIRTUAL have teamed up with notable partners in the space to create M3TACUP. Offering all a chance to own digital assets from NFT11's football manager game, as well as other assets and perks from partners such as Delysium, MetaStar Strikers, EDNS Domains and Age of Tanks. With partners from different aspects of Web 3.0 coming in, M3TACUP is giving its users a glimpse into more than just football and sports in Web 3.0.
More details on M3TACUP can be found here: https://m3tacup.io/
Twitter: https://twitter.com/M3taCup
Discord: https://discord.com/invite/NFT11
View original content to download multimedia:
SOURCE Non-Fungible Tournament 11 (NFT11) | https://www.wlbt.com/prnewswire/2022/12/14/m3tacup-2022-first-ever-virtual-football-tournament-launched-amid-football-fever/ | 2022-12-14T08:11:56 | en | 0.923298 |
Gold
The precious metal thoroughly enjoyed the gains on the back of the dollar index's weakness, which is sitting near the five and half month low. Traders are more optimistic about gold prices as there are fewer chances for the dollar index to score more gains from here onwards. The reason is simple which is that the Fed's armors have worked in fighting inflation, and now the time has come for the Fed to scale back on its efforts to fight inflation. This could make the dollar index weaker and that could keep gold prices firmly above the 1,800 price mark. This price level is highly important for traders as they know that if the price is going to move higher, gold traders must cement the support of 1,800 in order to begin the process of higher highs.
Bitcoin
BTC also did see some solid gains. Traders actually paid more attention to the US CPI data than what is happening with the co-founder of FTX, who finally got arrested yesterday. There is no doubt that BTC prices are oversold no matter which metric you look at when it comes to technical price analysis. The price could move higher, and we could actually see the price moving above 20K before the year's end if the current momentum continues. The one major challenge for the price action is its 50-day SMA whose price may break today. The move above this moving average could indicate more power shifting to the bulls.
THE ABOVE IS FOR INFORMATIONAL PURPOSES ONLY AND NOT TO BE CONSTRUED AS SPECIFIC TRADING ADVICE. RESPONSIBILITY FOR TRADE DECISIONS IS SOLELY WITH THE READER
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GBP/USD holds above 1.2350 after UK inflation data
GBP/USD continues to trade in a narrow range above 1.2350 on Wednesday after the data from the UK showed that the annual CPI declined to 10.7% in November from 11.1% in October. Market participants stay on the sidelines while gearing up for the Fed's policy announcements.
EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
EUR/USD is falling back toward 1.0600 in early Europe, retreating from six-month highs. The pair eases amid a renewed demand for the US Dollar, as investors turn cautious and reposition ahead of the critical Fed policy announcements.
Gold awaits US Federal Reserve for the next big move
Gold price is treading water above the $1,800 mark on Wednesday, as the United States Dollar (USD) licks its wounds amid a sense of calm across the board, in anticipation of the all-important Fed policy decision and Chair Jerome Powell’s press conference.
Goldman Sachs claims Gold will outperform Bitcoin, calling BTC “a solution looking for a problem”
Bitcoin has been subjected to criticism for its volatility and speculative nature for a very long time. But the recent developments in the crypto space have seemed to reinforce those concerns.
Fed December Preview: Will US Dollar selloff continue? Premium
The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/gold-and-btc-on-the-move-202212140706 | 2022-12-14T08:12:01 | en | 0.944956 |
NewStem Joins MSK Innovation Hub in Collaboration to Advance Stem-Cell-Based Diagnostics that Will Increase Cancer Treatment Efficacy
JERUSALEM, Israel, Dec. 14, 2022 /PRNewswire/ -- NewStem Ltd., a bio-platform company, today announced a collaboration with the MSK Innovation Hub to further optimize and validate NewStem's bioinformatics-based software as a medical device diagnostic platform. The NewStem Software Diagnostic Device ("NSDD") provides information to oncologists regarding the presence of mutations in a patient's tumor profile which may confer resistance to certain anti-cancer drugs. Armed with NSDD-based intelligence, oncologists can make more informed treatment decisions. The collaboration is focused on triple-negative breast cancer patients and non-small cell lung cancer patients treated with Paclitaxel and/or Carboplatin.
Resistance is the leading cause of relapse in cancer and one of the significant causes of death due to the disease. Drug resistance (whether pre-existing or generated after therapy) is responsible for over 90% of deaths in cancer patients receiving traditional chemotherapeutics or novel targeted drug treatments.
The MSK Innovation Hub brings together innovative, digitally focused companies with Memorial Sloan Kettering Cancer Center's (MSK) community of researchers, clinicians, and digital health professionals through a program designed to establish innovative collaborations that can have a tangible impact on treatment or management of cancer.
"Despite enormous progress over decades, resistance to anti-cancer drugs continues to be a major problem in treating cancer, the second-leading cause of death globally," said Ayelet Dilion-Mashiah, Chief Executive Officer of NewStem Ltd. "We are excited to work with the MSK Innovation Hub in a collaboration that will bring together experts with the deepest expertise and a common goal to improve the lives of people with cancer."
"We believe that impactful clinical innovations can be achieved through collaborative projects that combine deep clinical knowledge with cutting-edge technical capabilities," said Pedram Razavi, MD, PhD, Medical Oncologist and Director of MSK's Liquid Biopsy Technologies and Genomics. "We look forward to collaborating with NewStem through the MSK Innovation Hub to develop new innovations for bringing better treatments to cancer patients."
NewStem Chairman, Jan Loeb, added, "We look forward to this collaboration that will allow us to optimize and further validate our software diagnostic device. This important effort builds on our continued work to commercialize our product."
About NewStem (newstem.com)
NewStem Ltd. is a biotechnology company that has established a bio-platform for genome-wide screenings based on patented Haploid human Embryonic Stem Cell (HhESCs) technology. These cells are superior to other cells used for whole genome screenings and we believe they can improve and/or accelerate the development of biomarker-driven therapeutics and diagnostics. NewStem utilizes its bio-platform for the discovery and development of precision oncology drugs based on synthetic lethal interaction modality and for diagnostics of anti-cancer drug resistance. NewStem is the only company using this innovative and exclusive technology to develop innovative practice-changing products.
NewStem Contact:
Ayelet Dilion-Mashiah – CEO
ayelet@newstem.com
+972-54-5725477
View original content:
SOURCE NewStem Ltd. | https://www.wlbt.com/prnewswire/2022/12/14/newstem-announces-new-collaboration-validate-its-software-diagnostic-device-two-oncology-indications-two-therapies/ | 2022-12-14T08:12:02 | en | 0.908186 |
PALM SPRINGS, Calif., Dec. 13, 2022 /PRNewswire/ -- The Palm Springs Air Museum announces a new Holiday Event: SNOWTOPIA!. It's a Winter Wonderland with airplanes and Santa! Enjoy 40 tons of snow in a playground outside on the tarmac and make your own S'Mores over a firepit outdoors. Meet Santa, Frosty the Snowman, enjoy craft-making and more inside the Miles Hangar. Hot chocolate and cookies will also be available, and unique gifts for shopping.
Sponsors of this event are El Paseo Jewelers and McDonald's - the Shalhoub Family. Snowtopia! runs evenings from 5:00 to 8:30 PM from Tuesday, December 20th and through Friday, December 23rd. Advanced tickets online. $7 per person; $35 for up to 6 people; kids 3 and under get in free. Tickets will also be available at the door. Visit http://palmspringsairmuseum.org/e/snowtopia to buy tickets.
The Palm Springs Air Museum contains over 73 vintage airframes from World War II, the Korean War, and the Vietnam War contained in 91,000 square feet of open hangars and on the tarmac. Additional displays and memorabilia are located throughout the hangar facilities. The Museum and unique Giftshop are open daily from 10 am to 5 pm. Closed on Christmas. For more info, visit PalmSpringsAirMuseum.org or call 760-778-6262 during business hours.
Contact: Ann Greer – cell – 1-323-363-8243, anngreer@earthlink.net
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SOURCE Palm Springs Air Museum | https://www.wlbt.com/prnewswire/2022/12/14/palm-springs-air-museum-presents-snowtopia-miles-hangar-tarmac-dec-20-through-23-palm-springs-air-museum/ | 2022-12-14T08:12:09 | en | 0.884579 |
GBP/USD, “Great Britain Pound vs US Dollar”
The currency pair has secured above the resistance level. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 1.2210 is expected, followed by growth to 1.2720. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 1.2080, which will mean further falling to 1.1985.
USD/JPY, “US Dollar vs Japanese Yen”
The currency pair has left the borders of a bullish channel. The instrument is going under the Ichimoku Cloud, which suggests a downtrend. A test of the lower border of the Cloud at 136.15 is expected, followed by falling to 131.65. An additional signal confirming the decline will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the upper border of the Cloud and securing above 137.25, which will mean further growth to 138.15.
NZD/USD, “New Zealand Dollar vs US Dollar”
The currency pair is testing the Tenkan-Sen line of the indicator. The instrument is going above the Ichimoku Cloud, which suggests an uptrend. A test of the upper border of the Cloud at 0.6370 is expected, followed by growth to 0.6680. An additional signal confirming the growth will be a bounce off the lower border of the bullish channel. The scenario can be cancelled by a breakaway of the lower border of the Cloud and securing under 0.6245, which will mean further falling to 0.6155.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
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GBP/USD holds above 1.2350 after UK inflation data
GBP/USD continues to trade in a narrow range above 1.2350 on Wednesday after the data from the UK showed that the annual CPI declined to 10.7% in November from 11.1% in October. Market participants stay on the sidelines while gearing up for the Fed's policy announcements.
EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
EUR/USD is falling back toward 1.0600 in early Europe, retreating from six-month highs. The pair eases amid a renewed demand for the US Dollar, as investors turn cautious and reposition ahead of the critical Fed policy announcements.
Gold awaits US Federal Reserve for the next big move
Gold price is treading water above the $1,800 mark on Wednesday, as the United States Dollar (USD) licks its wounds amid a sense of calm across the board, in anticipation of the all-important Fed policy decision and Chair Jerome Powell’s press conference.
Goldman Sachs claims Gold will outperform Bitcoin, calling BTC “a solution looking for a problem”
Bitcoin has been subjected to criticism for its volatility and speculative nature for a very long time. But the recent developments in the crypto space have seemed to reinforce those concerns.
Fed December Preview: Will US Dollar selloff continue? Premium
The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/ichimoku-cloud-analysis-gbp-usd-usd-jpy-nzd-usd-202212140756 | 2022-12-14T08:12:07 | en | 0.92656 |
Opposition led by Congress walks out of Rajya Sabha after its demand for a discussion on border situation with China is disallowed.
- Country:
- India
Opposition led by Congress walks out of Rajya Sabha after its demand for a discussion on border situation with China is disallowed.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- Congress
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Advertisement | https://www.devdiscourse.com/article/agency-wire/2285434-opposition-led-by-congress-walks-out-of-rajya-sabha-after-its-demand-for-a-discussion-on-border-situation-with-china-is-disallowed | 2022-12-14T08:12:16 | en | 0.956723 |
Results published in Frontiers in Neurology may lead to an 11% reduction in PML caused by immune-modifying medications
NEWPORT BEACH, Calif., Dec. 14, 2022 /PRNewswire/ --New research has confirmed a strong link between four genetic mutations and progressive multifocal leukoencephalopathy (PML), a rare but often fatal brain infection that can be triggered by dozens of FDA-approved drugs.
The research, published in Frontiers in Neurology on December 14, will allow doctors to screen out patients with the highest risk of PML.
The study found that in people taking PML-inducing drugs, having one of four genetic variants increased the risk of PML 8.7 times on average. One of the variants increased risk 33-fold.
Eight medications carry a Black Box Warning for PML, the strongest warning the FDA gives. More than 30 additional drugs carry other PML warnings. In total, PML cases have been reported to the FDA in patients on more than 75 drugs. The list includes many of the most effective treatments for multiple sclerosis (MS), blood cancers, rheumatoid arthritis, Crohn's disease, and organ transplant rejection.
PML is caused by the JC virus (JCV), a generally harmless virus carried by up to 80% of the population. PML occurs when the virus reactivates and attacks the brain with life-threatening consequences. Researchers have long been searching for an explanation for why the virus leads to PML in some people but not others.
In this study, researchers first demonstrated that four genetic variants were far more common in patients who developed drug-induced PML than in the general population. They then looked for these variants in the ideal control group: MS patients who carried JCV and were taking a high-risk drug for years, but who did not develop PML. The results were even stronger when compared to these matched controls.
Nearly 11% of patients with PML tested positive for at least one of the four variants. To put this finding in perspective, these variants explain a higher percentage of PML cases than the well-known BRCA mutations explain breast cancer cases. Additionally, their predictive power exceeds levels that have led the FDA to require genetic screening for other risky medications.
Drug-induced PML is on the rise as more immunosuppressant therapies are developed. In 2021, there were more than 500 cases in the FDA's adverse event reporting system. These drugs are broadly prescribed: in the U.S., nearly 1 million people have MS, another 1.5 million have blood cancers commonly treated with PML-inducing drugs, and 850,000 Americans have received organ transplants.
"It's critical to be able to identify genetic mutations that greatly increase a person's risk of this devastating infection," says Dr. Lawrence Steinman, professor of neurology and neurological sciences, pediatrics, and genetics at Stanford University. His lab developed Tysabri, a powerful MS medication that was temporarily withdrawn from the market because of PML and now carries a Black Box Warning. "Preventative screening for these variants should become part of the standard of care. I wish we had more powerful tools like this for other therapies," he says. Dr. Steinman is not affiliated with this study.
Another independent PML expert, chief of multiple sclerosis at University of Pennsylvania Perelman School of Medicine and lead author for the American Academy of Neurology's PML Guidelines Committee Dr. Joseph Berger, says "Determining genetic susceptibility to PML is an extremely promising method of reducing disease risk. A simple inexpensive test may prove revolutionary in this regard."
Link to article: https://www.frontiersin.org/articles/10.3389/fneur.2022.1016377/full
doi: 10.3389/fneur.2022.1016377
This study was funded by Emerald Lake Safety LLC and Population Bio, Inc.
About Emerald Lake Safety
Emerald Lake Safety (ELS) conducts research into the mechanisms behind Serious Adverse Events associated with marketed pharmaceuticals. We conduct clinical and genomic research both on our own and in conjunction with leading academics and scientists from around the world. For more information visit www.emeraldlakesafety.com.
About Population Bio
Population Bio is a precision medicine company with a mission to make pharmaceuticals safer and more effective. By discovering disease-relevant genetic biomarkers, Population Bio develops targeted therapies and companion diagnostics. Population Bio's patented technology platform is currently addressing complex neurological diseases, such as Alzheimer's, Parkinson's, and Autism, as well as women's health conditions such as Endometriosis. For more information visit www.populationbio.com.
Press Contact:
Amy Losak
917-520-1207
losak@optonline.net
View original content:
SOURCE Emerald Lake Safety LLC; Population Bio, Inc. | https://www.wlbt.com/prnewswire/2022/12/14/research-links-gene-variants-medication-induced-fatal-brain-infection/ | 2022-12-14T08:12:15 | en | 0.948766 |
Markets
The initial surge in the S&P 500 on the back of a very encouraging CPI inflation report has quickly faded ahead of today's scheduled FOMC meeting statement.
After rallying ~2% to start the day on Tuesday, markets have cooled off as the realization that 7% inflation still suggests the Fed has a long way to go. But after breaking one step forward two steps back cycle when the CPI declined only to pop back up again the next month, it opens the door for the FOMC to set a slightly softer tone for longer-term rates at today's decision. The question is, with inflation still at generational highs, will the Fed walk through that door?
After an initially high-spirited response, the relatively muted reaction for stocks is likely attributable to pre-risk event positioning, with substantial gains on Monday, prevailing bearish growth sentiment, technical factors and the devil in the details suggesting service inflation may be unsustainable.
But hope springs eternal that lower US inflation may set the tone for a better environment for corporate growth -- especially if central banks can begin to ease up on the tightening cycles.
Oil
With oil finally on the up again, it suggests the recent deep drop is likely another ephemeral air pocket on the turbulent glide path higher against the backdrop of solid demand in 2023 driven by China's reopening and an expected Chinese travel boom. And as we pointed out yesterday, China easing internal travel restrictions, was a big tell that policymakers are on the fast track to instituting quarantine-free travel.
SPI Asset Management provides forex, commodities, and global indices analysis, in a timely and accurate fashion on major economic trends, technical analysis, and worldwide events that impact different asset classes and investors.
Our publications are for general information purposes only. It is not investment advice or a solicitation to buy or sell securities.
Opinions are the authors — not necessarily SPI Asset Management its officers or directors. Leveraged trading is high risk and not suitable for all. Losses can exceed investments.
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GBP/USD holds above 1.2350 after UK inflation data
GBP/USD continues to trade in a narrow range above 1.2350 on Wednesday after the data from the UK showed that the annual CPI declined to 10.7% in November from 11.1% in October. Market participants stay on the sidelines while gearing up for the Fed's policy announcements.
EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
EUR/USD is falling back toward 1.0600 in early Europe, retreating from six-month highs. The pair eases amid a renewed demand for the US Dollar, as investors turn cautious and reposition ahead of the critical Fed policy announcements.
Gold awaits US Federal Reserve for the next big move
Gold price is treading water above the $1,800 mark on Wednesday, as the United States Dollar (USD) licks its wounds amid a sense of calm across the board, in anticipation of the all-important Fed policy decision and Chair Jerome Powell’s press conference.
Goldman Sachs claims Gold will outperform Bitcoin, calling BTC “a solution looking for a problem”
Bitcoin has been subjected to criticism for its volatility and speculative nature for a very long time. But the recent developments in the crypto space have seemed to reinforce those concerns.
Fed December Preview: Will US Dollar selloff continue? Premium
The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/markets-oil-still-7-202212140623 | 2022-12-14T08:12:16 | en | 0.93115 |
USD/JPY, “US Dollar vs Japanese Yen”
On H4, the quotes are under the 200-day Moving Average, which indicates the prevalence of a downtrend. The RSI has broken through the support line downwards. A test of 3/8 (134.37) is expected, followed by a breakaway and falling to the support level of 2/8 (131.25). The scenario can be cancelled by rising over the resistance level of 4/8 (137.50). In this case, the pair may rise to 5/8 (140.62).
On M15, the lower line of VoltyChannel is broken away. This indicates prevalence of a downtrend and a high probability of further price falling.
USD/CAD, “US Dollar vs Canadian Dollar”
On H4, the quotes have bounced off the 200-day Moving Average and are now above it, which indicates prevalence of an uptrend and an end to the correctional movement. The RSI have bounced off the support level. All in all, growth to 8/8 (1.3671) is expected. The scenario can be cancelled by a downward breakaway of the support level of 7/8 (1.3549), which might lead to a trend reversal and falling to 6/8 (1.3427).
On M15, a breakaway of the upper border of VoltyChannel will signal further growth of the price.
Before you enter foreign exchange and stock markets, you have to remember that trading currencies and other investment products is trading in nature and always involves a considerable risk. As a result of various financial fluctuations, you may not only significantly increase your capital, but also lose it completely. Therefore, our clients have to assure RoboForex that they understand all the possible consequences of such risks, they know all the specifics, rules and regulations governing the use of investment products, including corporate events, resulting in the change of underlying assets. Client understands that there are special risks and features that affect prices, exchange rates and investment products.
Recommended Content
Editors’ Picks
GBP/USD holds above 1.2350 after UK inflation data
GBP/USD continues to trade in a narrow range above 1.2350 on Wednesday after the data from the UK showed that the annual CPI declined to 10.7% in November from 11.1% in October. Market participants stay on the sidelines while gearing up for the Fed's policy announcements.
EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
EUR/USD is falling back toward 1.0600 in early Europe, retreating from six-month highs. The pair eases amid a renewed demand for the US Dollar, as investors turn cautious and reposition ahead of the critical Fed policy announcements.
Gold awaits US Federal Reserve for the next big move
Gold price is treading water above the $1,800 mark on Wednesday, as the United States Dollar (USD) licks its wounds amid a sense of calm across the board, in anticipation of the all-important Fed policy decision and Chair Jerome Powell’s press conference.
Goldman Sachs claims Gold will outperform Bitcoin, calling BTC “a solution looking for a problem”
Bitcoin has been subjected to criticism for its volatility and speculative nature for a very long time. But the recent developments in the crypto space have seemed to reinforce those concerns.
Fed December Preview: Will US Dollar selloff continue? Premium
The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/murrey-math-lines-usd-jpy-usd-cad-202212140725 | 2022-12-14T08:12:23 | en | 0.934779 |
TAIZHOU, China, Dec. 14, 2022 /PRNewswire/ -- Jiangsu Recbio Technology Co., Ltd. (the "Company", together with its subsidiaries, the "Group") is pleased to announce that positive results were achieved for its sequential booster vaccination Phase II study of the recombinant twocomponent COVID-19 vaccine ReCOV in the Philippines. This clinical study aims to compare the immunogenicity and safety profile of ReCOV and mRNA vaccines as booster vaccination among subjects who have completed primary vaccination of inactivated vaccines. The results showed that neutralizing antibody titer levels against Omicron BA.5 and BA.2 and prototype strain induced by sequential vaccination of ReCOV were significantly better than those of the mRNA vaccine group (with significant differences statistically). Currently, the Company is submitting product commercialization applications to the PRC regulatory authorities on a rolling basis.
A total of 600 subjects were enrolled in this Phase II study. All subjects previously completed with two doses of inactivated vaccine were sequentially boosted with ReCOV or an active comparator vaccine Pfizer's mRNA vaccine, COMIRNATY®, according to random grouping.
1. ReCOV demonstrated favorable safety profile. As of the date of data analysis, there had not been any serious adverse event (SAE) or any treatment-emergent adverse event (TEAE) leading to early discontinuation, nor any abnormal vital signs or abnormal laboratory testing results with clinical significance.
2. Statistically superior neutralizing antibody titer levels against prototype strain as compared to the mRNA vaccine. Upon 14 days after booster vaccination, the seroconversion rate (SCR) of neutralizing antibody against prototype strain of the ReCOV group and the mRNA vaccine group were 96.0% and 91.0%, respectively, and the SCR of the ReCOV group was significantly higher than that of the mRNA vaccine group (P value = 0.039). At the same time, the geometric mean titers (GMT) of neutralizing antibodies in the ReCOV group and the mRNA vaccine group were 7,781.8 and 5,605.3, respectively, and the GMT in the ReCOV group was significantly higher than that in the mRNA vaccine group (P value <0.001). In addition, the neutralizing antibody level induced by ReCOV increased by 25.1 times compared with the baseline, which was significantly higher than that of the mRNA vaccine (15.7 times).
3. Statistically superior neutralizing antibody titer levels against Omicron BA.5 compared to the mRNA vaccine. 14 days after booster vaccination, the SCR of neutralizing antibody against Omicron BA.5 of the ReCOV group and the mRNA vaccine group were 92.1% and 88.4%, respectively, and the SCR value of the ReCOV group was higher than that of the mRNA vaccine group. At the same time, the neutralizing antibody GMT of the ReCOV group and the mRNA vaccine group were 4,387.4 and 3,100.6, respectively, and the GMT of the ReCOV group was significantly higher than that of the mRNA vaccine group (P value <0.001). In addition, the neutralizing antibody induced by the ReCOV group increased by 22.5 times compared with the baseline, which was significantly higher than that of the mRNA vaccine (15.9 times). In the ReCOV group, the neutralizing antibody against Omicron BA.5 was only 1.77 times lower than that of the original strain, showing excellent cross-neutralization effect.
4. Statistically superior neutralizing antibody titer levels against Omicron BA.2 compared to the mRNA vaccine. Upon 14 days after booster vaccination, the SCR of neutralizing antibody against Omicron BA.2 of the ReCOV group and the mRNA vaccine group were 87.6% and 84.9%, respectively, and the SCR value of the ReCOV group was higher than that of the mRNA vaccine group. At the same time, the neutralizing antibody GMT of the ReCOV group and the mRNA vaccine group were 5,687 and 3,997.2, respectively, and the GMT of the ReCOV group was significantly higher than that of the mRNA vaccine group (P value <0.001). In addition, the neutralizing antibody induced by the ReCOV group increased by 21.8 times compared with the baseline, which was significantly higher than that of the mRNA vaccine (15.4 times). In the ReCOV group, the neutralizing antibody against Omicron BA.2 was only 1.37 times lower than that of the original strain, showing excellent cross-neutralization effect.
ReCOV is a recombinant COVID-19 vaccine being developed by the Company with its technology platforms including the novel adjuvant, protein engineering and immunological evaluation platforms, and the adjuvant used therein is the self-developed novel adjuvant BFA03. It has a variety of comprehensive advantages, including favourable neutralizing effect and immune persistence, overall positive safety profile, potential growth in production scale, low production cost, preparation stability, and ability to be stored and transported at room temperature. The Company has completed the construction of ReCOV manufacturing facility and preparation for commercial production, and has obtained the relevant vaccine production license issued by the regulatory authorities in China, which is fully prepared for commercialization in China.
About Recbio
Founded in 2012, Jiangsu Recbio Technology Co., Ltd. (hereinafter referred to as Recbio or the Company; stock code: 02179.HK) is an innovative vaccine company driven by self-developed technologies. We are dedicated to the R&D, production and commercialization of innovative vaccines, leveraging our core technology platforms (novel adjuvant, protein engineering, immunological evaluation). Staying true to the mission of "Protect human health with best-in-class vaccines", the Company has established high-value pipelines consisting of several blockbuster vaccines with proprietary rights to satisfy the huge unmet demands in the markets of high-burden diseases.
Through years of devotion to the vaccine industry, Recbio has developed three advanced innovative technology platforms, namely novel adjuvant, protein engineering and immunological evaluation platforms, and become one of the few companies in the world capable of developing novel adjuvant systems. We develop promising vaccine candidates constantly, taking advantage of the synergy between the novel adjuvant platform, optimized antigen designs, and immunological evaluation technologies. Recbio never ceases to optimize its technology platforms, and strives to achieve breakthroughs in mRNA vaccines using a joint venture model.
With robust R&D capacity, the Company has developed high-value innovative vaccine portfolios consisting of ten-odd differentiated vaccines, covering cervical cancer, shingles, COVID-19, TB and other high-burden diseases. Our core product REC603, a recombinant 9-valent HPV vaccine in Phase III clinical trial, shows great promise of becoming the first marketed domestic 9-valent HPV vaccine. Apart from that, ReCOV, a recombinant COVID-19 vaccine with its commercialization in the offing, has been recognized as one of the most competitive next-generation COVID-19 vaccines in the world. Recbio has a clear commercialization strategy aiming to penetrate the diversified global vaccine market.
Honed and refined for ten years, Recbio is going to reap the rewards as several products are approaching commercialization.
For more information, please visit https://www.recbio.cn/.
Forward-looking statements
This Press Release may contain projections, estimates, forecasts, targets, opinions, prospects, results, returns and forward-looking statements with respect to the financial condition, results of operations, capital position, strategy and business of the Group which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "project", "plan", "estimate", "seek", "intend", "target", "believe", "potential" and "reasonably possible" or the negatives thereof or other variations thereon or comparable terminology (collectively, "forward-looking statements"), including the strategic priorities, research and development projects, and any financial, investment and capital targets and any other targets, commitments and ambitions described in writing or verbally herein. Any such forward-looking statements are not a reliable indicator of future performance, as they may involve significant stated or implied assumptions and subjective judgements which may or may not prove to be correct, accurate or complete. There can be no assurance that any of the matters set out in the forward-looking statements are attainable, will actually occur or will be realised or are complete or accurate. The assumptions and judgments may prove to be incorrect, inaccurate or incomplete, and involve known and unknown risks, uncertainties, contingencies and other important actors, many of which are outside the control of the Group. There is also no assurance that the Group may develop or market its core products or other pipeline candidates successfully. Actual achievements, results, performance or other future events or conditions may differ materially from those stated, implied and/or reflected in any forward-looking statements due to a variety of risks, uncertainties and other factors (including without limitation general market conditions, regulatory changes, geopolitical tensions or data limitations and changes). Any such forward-looking statements are based on the beliefs, expectations and opinions of the Group at the date the statements are made, and the Group does not assume, and hereby disclaims, any obligation or duty to update, revise or supplement them if circumstances or management's beliefs, expectations or opinions should change. For these reasons, you should not place reliance on, and are expressly cautioned about relying on, any forward-looking statements. No representations or warranties, expressed or implied, are given by or on behalf of the Group as to the achievement or reasonableness of any projections, estimates, forecasts, targets, commitments, prospects or returns contained herein.
Please refer to the announcements published by the Company on the websites of The Stock Exchange of Hong Kong Limited (www.hkexnew.hk) or of the Company (www.recbio.cn) for further details. If there is any inconsistency between this Presentation and the announcements, the announcements shall prevail.
Jiangsu Recbio Technology Co., Ltd.
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SOURCE Jiangsu Recbio Technology Co., Ltd. | https://www.wlbt.com/prnewswire/2022/12/14/superior-results-comparative-study-companys-recombinant-two-component-covid-19-vaccine-recov-compared-international-mainstream-mrna-vaccine/ | 2022-12-14T08:12:23 | en | 0.941457 |
ED arrests, takes custody of jailed gangster-turned-politician Mukhtar Ansari from Uttar Pradesh court in money laundering case: Officials.
- Country:
- India
ED arrests, takes custody of jailed gangster-turned-politician Mukhtar Ansari from Uttar Pradesh court in money laundering case: Officials.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- jailed gangster-turned-
- Uttar Pradesh
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After going into hibernation after the US November payrolls and services ISM reports, the peak inflation narrative got a fresh lift yesterday when US CPI rose by its lowest annual number this year, sending bond yields sharply lower and European markets to their highest levels in 6 months.
US markets surged higher on the open with the S&P500 pushing up to 3-month highs, however there was some reluctance to follow through the initial gains ahead of today’s Fed rate decision, with US stocks eventually finishing the session well off their peaks, which in turn looks set to see markets in Europe open slightly lower.
This caution is probably well-merited given today’s Fed decision where we are still expecting to see a 50bps rate rise, but where there is a risk that the exuberance of yesterday might not survive first contact with Fed chair Jay Powell’s press conference.
While Powell reinforced the narrative behind a step-down in the pace of Fed rate rises in his Brookings speech earlier this month, he may well not be so keen to feed into the markets pricing in a more dovish outlook for rates as we head into 2023, especially when CPI is still very high, and when there is still a material risk that inflation could remain high deep into 2023.
That’s not to say that the Fed doesn’t have concerns over the effects of policy lags yesterday’s inflation number does appear to suggest that after a 50bps move later today, the pricing of what comes next does appear to be shifting towards further step downs in the coming months, with the potential for 25bps increments starting in 2023.
Of course, much of that will depend on what follows data wise over the next few weeks with the December payrolls report due in January followed by subsequent inflation numbers which will fall due between now and the 1st February, when the FOMC first meets next year.
Before tonight’s last Fed meeting of 2022, we’ll get an insight into whether the peak inflation that we are seeing in the US is starting to manifest itself in the UK inflation numbers.
Later this morning we’ll get to see whether UK CPI inflation has slowed in November, after we hit 40-year highs of 11.1% back in October, with household bills rising by 11.7%, and grocery food price inflation rose to 16.5%, with big increases in the price of staples like milk, eggs, and cheese.
Recent PPI numbers have suggested that inflation is starting to plateau here in the UK, however due to errors in the calculation of these numbers, the ONS has delayed the release of these so we won’t be able to glean anything in the way of clues as to what is happening in this particular area.
On the headline CPI numbers we are expecting to see price pressures slowdown from 11.1% to 10.9%, although when inflation is well above 10%, perhaps slowdown isn’t the correct term. It also isn’t likely to affect the calculus for the Bank of England tomorrow when they are also expected to raise rates by 50bps, although any decision is unlikely to be unanimous.
Core prices are expected to remain steady at 6.5%, while the RPI index is expected to fall back to 13.9% from 14.2%.
EUR/USD – Moved through the 1.0600 area pushing up to 1.0673, opening up the potential for a move towards 1.0800. Needs to hold above the 1.0520 area for this to unfold, with further support at the 1.0340 area.
GBP/USD – Managed to push through the 1.2300 level, potentially opening up the prospect of a move towards 1.2750. Still have support at the 200-day SMA at 1.2110, with interim support between 1.2260 and 1.2280.
EUR/GBP – Slipped back to support just above the 200-day SMA but continues to hold above it. A break below 0.8540 opens up further losses towards 0.8480. Resistance at 0.8650.
USD/JPY – Slipped back from the 138.00 area briefly slipping below the 200-day SMA at 135.00 at 134.66, keeping the bias towards the downside. We need to see a concerted break below the 200-day SMA to retarget the lows at 133.60, and lower.
FTSE 100 is expected to open 3 points lower at 7,500.
DAX is expected to open 16 points lower at 14,482.
CAC40 is expected to open 5 points lower at 6,740.
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GBP/USD holds above 1.2350 after UK inflation data
GBP/USD continues to trade in a narrow range above 1.2350 on Wednesday after the data from the UK showed that the annual CPI declined to 10.7% in November from 11.1% in October. Market participants stay on the sidelines while gearing up for the Fed's policy announcements.
EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
EUR/USD is falling back toward 1.0600 in early Europe, retreating from six-month highs. The pair eases amid a renewed demand for the US Dollar, as investors turn cautious and reposition ahead of the critical Fed policy announcements.
Gold awaits US Federal Reserve for the next big move
Gold price is treading water above the $1,800 mark on Wednesday, as the United States Dollar (USD) licks its wounds amid a sense of calm across the board, in anticipation of the all-important Fed policy decision and Chair Jerome Powell’s press conference.
Goldman Sachs claims Gold will outperform Bitcoin, calling BTC “a solution looking for a problem”
Bitcoin has been subjected to criticism for its volatility and speculative nature for a very long time. But the recent developments in the crypto space have seemed to reinforce those concerns.
Fed December Preview: Will US Dollar selloff continue? Premium
The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/uk-cpi-set-to-slow-fed-set-to-raise-rates-by-50bps-202212140608 | 2022-12-14T08:12:29 | en | 0.952341 |
Positioned as a Business Creative Laptop, MEGABOOK S1 Create Wonders at TECNO Flagship Product Launch 2022, Dubai
DUBAI, UAE , Dec. 14, 2022 /PRNewswire/ -- TECNO, a global innovative technology brand with operations in over 70 markets, recently announced the latest MEGABOOK S1 at TECNO Flagship Product Launch 2022 in Dubai, delivering its first flagship laptop to users.
In 2019, TECNO announced new efforts in building a digital product ecosystem by launching its AIoT business strategy, aiming to deliver digital to every person, home, and organization and help them create a fully- connected smart digital lifestyle. Following this vision, as the upgraded line of MEGABOOK T1, the flagship MEGABOOK S1 highlights the concept of ideas that create wonders, targeting users in professional fields like business and the creative industries, helping them work with ease while still achieving a higher efficiency.
OneLeap: Seamless Connection between TECNO Smartphone and Laptop
TECNO's new generation OneLeap bridges TECNO's latest PHANTOM X2 Series and MEGABOOK S1 through an intelligent wireless connection, realizing premium-level data transfers within TECNO's smart ecosystem. The MEGABOOK S1 has been equipped with NFC function that supports air connection, easily achieving five key functions including One Leap, Data Sharing, Files Management, Multi-screen Collaboration, and Reverse Network Sharing.
The connection efficiency has also been improved by 50%, and can be completed within as fast as 3 seconds. With optimized air-transmission modes, the speed increased from 70Mbps to 200Mbps+. Users could easily manage smartphone files on their laptops in real-time, while enjoying the seamless copy-paste across devices to boost their work efficiency.
The Futuristic MEGA Appearance: Ultra-slim Design with Industry First Iceless Craft Technology
TECNO MEGABOOK S1 provides the lightest, thinnest of 15.6-inch business creative laptops in MEGA performance with only 1.35kg plus 13.5mm of thickness. MEGABOOK S1 is made with a magnesium alloy body plus the industry first Iceless Craft technology in the industry. With nanomaterials painting for 5 layers of overlapping spray, it provides users with a comfortable experience, without having to worry about all the fingerprints left on the surface, which keeps the laptop well-maintained, and always looks new.
The Incredible MEGA Screen: Ultra-boundless and Tearless Vision Experience
MEGABOOK S1 breaks the boundary by presenting an ultra-boundless 16:10 screen with a screen-to-body ratio of up to 90%, plus a 3.2K high-resolution display that brings business users and content creators an unparalleled premium experience. This flagship version has also been upgraded to provide a smooth experience with a 120Hz high refresh rate to run all usage incredibly smoothly. Even more, through 450 nits of light and a DC Smart sensor, you could easily use it day and night, switching between indoors and outdoors without worries and discomfort.
Therefore, MEGABOOK S1 has taken users to a better visual level, showing more portrait content to improve efficiency and enjoyment. Meanwhile, it comes with 100%sRGB colors, professional color accuracy, and TUV low-blue light certification to give users a perfect result and a tearless experience.
Release The MEGA Performance: Empowered by Intel 12th i7 and Window 11
The MEGA performance is powered by Intel Core latest i7-1260P processor. At the same time, it used the newest LPDDR5 RAM of 8GB/16GB, the frequency of our LPDDR5 is up to 5200MHz. Meanwhile, provided by PCIE4.0 512GB/1TB SSD Large Storage supports reading speeds up to 5000MB/s and writing speeds up to 4800MB/s. It allows users to operate more smoothly and effectively.
MEGABOOK S1 also uses the Ice Storm System with VC Cooling models, which makes the heat dissipation performance improve by 32.5%. The overall performance resulting released the CPU performance to the utmost level as high as 126.9%, which is up to 35W.
MEGABOOK S1 is also well-equipped with Windows 11 system, which fits the idea of "Make the Everyday Easier", Easier on the eyes and easier to use. That's what Windows 11 PCs are all about.
Optimize The MEGA Experience: Immersive in Entertainment and Efficient for Work
MEGABOOK S1 also upgraded to TECNO VOC PLUS sound system by installing 4 full-frequency speakers and 2 tweeters plus DTS:X Ultra cinema sound effect, achieving the on-spot surrounding matrix, providing users an ever more excellent immersive sound experience with realistic movie sound effects. The smart-AI experience for conferences through smart AI ENC algorithm to achieve 6-meter human sound picked up, and the ambient sound is automatically reduced.
MEGABOOK S1 also maintains the smallest size of 65W gallium nitride (GaN) charger in the MEGABOOK Series, reaching 40% faster and 100g light weight than most laptop chargers. The 70Wh high-density battery also supports up to 12 hours of continuous usage, which well-satisfies the demand of one-day work. The super large touch panel is updated to provide more operating space with higher fault tolerance and efficiency. In addition, MEGABOOK S1 prepared 7 ports. Through the latest USB 4.0 port, the total data transmission speed can reach 40Gbps. Therefore, it's quite notable that different from most general 15.6-inch business laptops, MEGABOOK S1 was able to attain the MEGA performance within ultra-light and thin for users no matter for content creation, entertainment, or office work.
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SOURCE TECNO | https://www.wlbt.com/prnewswire/2022/12/14/tecno-unveils-first-flagship-laptop-megabook-s1-breaking-boundary-with-high-performance-lightest-experience/ | 2022-12-14T08:12:30 | en | 0.921663 |
Wholesale price inflation declines to 21-month low of 5.85 per cent in November: Govt data.
- Country:
- India
Wholesale price inflation declines to 21-month low of 5.85 per cent in November: Govt data.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
Advertisement | https://www.devdiscourse.com/article/agency-wire/2285475-wholesale-price-inflation-declines-to-21-month-low-of-585-per-cent-in-november-govt-data | 2022-12-14T08:12:31 | en | 0.871548 |
The softer-than-expected inflation print in the US sent the stocks higher and the US dollar lower, but the S&P500 couldn’t clear key resistance levels, as investors know that the Federal Reserve (Fed) Chair Jerome Powell could coldheartedly kill the market joy at his post-FOMC press conference today.
On the right path, but
Yesterday’s inflation report in the US filled investors with joy and further hope that
1. Inflation in the US may have peaked this summer and we will be heading lower from here, and,
2. The Fed will adopt a softer monetary policy stance and hike, yes, by 50bp today, but certainly not more than another 25% in February.
The problem with that is, swap pricing now points at a peak Fed rate of less than 4.90% in Q1, while the Fed will likely carry on pushing the rates at least to and above the 5% mark.
Therefore, the chances are that Jerome Powell will seem satisfied regarding the falling inflation - because it means that whatever turmoil the Fed has been causing in the markets is at least working through to the end goal of taming inflation.
But Powell could also stress the fact that inflation remains significantly high compared with the 2% policy target, and that relaxing the tightening measures prematurely is not a good idea.
Therefore, there is no guarantee that the latest fall in US inflation will lead to a softer terminal rate on the dot plot. The Fed officials will likely plot a terminal Fed rate of above 5%, and the gap between where the Fed sees its peak rate next year, and where the market thinks the Fed rate will be a risk for investor appetite.
This is maybe why we saw a great kneejerk reaction to the CPI print yesterday, but the S&P500 didn’t rally as much as expected. The S&P500 futures gapped higher at the open, but gently softened to close the day with less than a 1% advance, without being able to clear the 4100 resistance and the ytd bearish trend top.
This means that investors are cautious before Jerome Powell’s press conference and the dot plot. They know that the last thing the Fed wants is to reverse slowing inflation by triggering a bullish market euphoria.
And at the end of the day, it’s Jerome Powell, and the Fed, who will either give a green light for a modest Santa rally, or tell investors that Santa is stuck in a snow storm this year.
Significance of the dot plot
It’s important to note that the dot plot projections give an idea on how the feeling and the expectations change at the heart of the FOMC.
But it’s not rocket science.
If you look at the rate projections last year, the Fed funds rate was expected to advance to 0.90% by the end of this year. But the rates advanced far beyond that level. Assuming that the Fed will hike by another 50bp today, the Fed rates will finish the year at 4.25/4.50%. It’s more than five times compared to the projections.
The softer-dollar joy
The US dollar index fell following the softer-than-expected CPI print, and hit a fresh low since summer.
The EURUSD spiked to 1.0673, Cable advanced to 1.2444 and the dollar-yen re-tested the 200-DMA to the downside, and gold spiked to $1824 per ounce.
The softer US dollar, and stronger euro sent the European indices to fresh highs since summer. The DAX flirted with the June peak, and the Eurostoxx50 traded at the highest level since February
Crude oil rallied more than 2.50% yesterday, on hope that the Fed could slow down the rate hikes, and not push the US into a deep recession to fight inflation – in which case, the scenario of a soft landing could materialize and prevent demand outlook from becoming too morose.
But the rally in US crude remained capped at around $76pb, and the surprise US inventory build last week, pre-announced by API, may have capped the topside. The more official EIA data is out today and could mark the end of a series of 4 consecutive months of significant decline in US inventories.
Bitcoin can’t care less about the FTX, Binance drama
The FTX drama continues with the arrestation of Sam Bankman-Fried in the Bahamas, and news that investors withdrew $3.7 billion worth of funds since last week, the last $1.9 billion being withdrawn over the past 24 hours.
Plus, Binance reportedly stopped the stablecoin USDC withdrawals.
But Bitcoin couldn’t care less. The price of a coin advanced more than 3% yesterday, and tested the 50-DMA to the upside, showing that the FTX drama has been priced in and out and further drama should not hit the coin harder.
The same is not true for cryptocurrency exchanges, however, which remain at a hot seat with the drama spilling over to other exchanges. Coinbase shares lost more than 9% yesterday.
This report has been prepared by Swissquote Bank Ltd and is solely been published for informational purposes and is not to be construed as a solicitation or an offer to buy or sell any currency or any other financial instrument. Views expressed in this report may be subject to change without prior notice and may differ or be contrary to opinions expressed by Swissquote Bank Ltd personnel at any given time. Swissquote Bank Ltd is under no obligation to update or keep current the information herein, the report should not be regarded by recipients as a substitute for the exercise of their own judgment.
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GBP/USD holds above 1.2350 after UK inflation data
GBP/USD continues to trade in a narrow range above 1.2350 on Wednesday after the data from the UK showed that the annual CPI declined to 10.7% in November from 11.1% in October. Market participants stay on the sidelines while gearing up for the Fed's policy announcements.
EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
EUR/USD is falling back toward 1.0600 in early Europe, retreating from six-month highs. The pair eases amid a renewed demand for the US Dollar, as investors turn cautious and reposition ahead of the critical Fed policy announcements.
Gold awaits US Federal Reserve for the next big move
Gold price is treading water above the $1,800 mark on Wednesday, as the United States Dollar (USD) licks its wounds amid a sense of calm across the board, in anticipation of the all-important Fed policy decision and Chair Jerome Powell’s press conference.
Goldman Sachs claims Gold will outperform Bitcoin, calling BTC “a solution looking for a problem”
Bitcoin has been subjected to criticism for its volatility and speculative nature for a very long time. But the recent developments in the crypto space have seemed to reinforce those concerns.
Fed December Preview: Will US Dollar selloff continue? Premium
The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/what-matters-is-how-the-fed-feels-about-falling-inflation-202212140651 | 2022-12-14T08:12:36 | en | 0.948748 |
LENZING, Austria, Dec. 13, 2022 /PRNewswire/ -- TENCEL™ joined forces with RCGD Global once again to spotlight eco-couture on the red carpet of the "AVATAR: The Way of Water" premiere. Dressed in bespoke outfits and carrying items made from TENCEL™ branded fibers and TENCEL™ LUXE filament yarn, Zoe Saldaña, Henry Cavill, Suzy Amis Cameron and James Cameron represented RCGD Global on the red carpet, following the organization's newly launched sustainable style guide.
"TENCEL™ has a long-standing partnership with RCGD Global to promote eco-couture at the Oscars. We are proud to extend the collaboration to other red carpets and further promote the adoption of sustainable materials in luxury fashion and beyond. Red carpet events not only reach a wider audience, they are also great platforms to demonstrate that fashion can be sustainable. Through leading by example, we can propel the fashion and textile industry towards a more sustainable and circular future," said Harold Weghorst, Global Vice President of Marketing and Branding at Lenzing AG.
'We are once again delighted to collaborate with TENCEL™️ on another momentous occasion for RCGD Global. Avatar II is a film close to our hearts and one with such an important sustainable message. For our first ever red-carpet moment beyond the Oscars, we wanted to shine a light on fabric innovations and showcase eco-conscious fashion in a way the mirrored the films core theme," said Samata Pattinson, CEO at RCGD Global.
In Los Angeles, leading actress Zoe Saldaña supported the initiative by carrying a Tyler Ellis clutch bag lined with a fabric made of biodegradable TENCEL™ fibers. The bag's lining was in a shade of blue that plays homage to Avatar. At the same event, British actor Henry Cavill wore a double-breasted coat with peak lapel and straight pockets, created by Huntsman using TENCEL™ branded lyocell fibers.
Earlier in London, James Cameron wore a timeless Huntsman tuxedo, while Suzy Amis Cameron stunned in an eco-responsible custom-made Vivienne Westwood gown. Both outfits are made from luxurious fabrics that featured TENCEL™ Lyocell fibers.
RCGD Global and TENCEL™ continue their partnership to showcase occasionwear made of botanic materials or recycled materials to drive circularity. To qualify as an RCGD Global eco-conscious garment, each piece must be made from organic, recycled or repurposed materials. Derived from sustainably sourced wood, TENCEL™ fibers and TENCEL™ LUXE filament are biodegradable and compostable, and produced in an award-winning closed-loop process that has very low environmental impact. TENCEL™ Lyocell fibers are known to have a luxurious sheen, soft, and breathable, ensuring long-lasting comfort. TENCEL™ LUXE Lyocell filament, a botanic alternative to silk, is highly versatile and can be woven into fabrics with liquid-like drape and highly flattering silhouette.
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SOURCE TENCEL | https://www.wlbt.com/prnewswire/2022/12/14/tenceltm-rcgd-global-bring-eco-couture-spotlight-us-uk-premieres-avatar-way-water/ | 2022-12-14T08:12:37 | en | 0.920887 |
GLOBAL MARKETS-Asian stocks rose on U.S. inflation relief, but wary of Fed
Asian stocks advanced on Wednesday, bonds were firm and the dollar nursed losses after data showed U.S. consumer prices barely rose in November, stoking hopes inflation has peaked and interest rate increases will slow and eventually stop in 2023.
Asian stocks advanced on Wednesday, bonds were firm and the dollar nursed losses after data showed U.S. consumer prices barely rose in November, stoking hopes inflation has peaked and interest rate increases will slow and eventually stop in 2023. Nervousness about policymakers' next moves, though, kept the mood in check ahead of a Federal Reserve meeting later in the day and central bank meetings in Britain and Europe on Thursday. Investors are also turning watchful on the global economy, despite China's reopening from tight COVID restrictions.
The U.S. consumer price index increased 0.1% last month, 0.2 percentage points slower than economists expected, and in the 12 months through November, headline CPI climbed 7.1% - its slowest pace in about a year. European markets were set for a higher open with pan-region Euro Stoxx 50 futures up 0.15%, German DAX futures flat and FTSE futures rising 0.05%. U.S. stock futures, the S&P 500 e-minis, meanwhile, advanced 0.35%.
In Asia, MSCI's broadest index of Asia-Pacific shares outside Japan rose 1%. The index is up 1.2% so far this month. Japan's Nikkei was up 0.78% while Australian shares advanced 0.67%.
China and Hong Kong stocks also jumped on Wednesday as easing COVID-19 curbs and refocus on economic growth underpinned sentiment. China's blue-chip CSI 300 Index rose 0.3% while the Hang Seng Index climbed 0.89%.
"If CPI comes off and China fully reopens, that's still not really enough to go gung-ho in Asia markets, because we're facing a scenario where the more developed markets, the major markets are facing a recessionary environment in 2023," said Sat Duhra, Portfolio Manager on Janus Henderson Investors' Asia ex Japan Equity Team. "There will be some upside from China reopening, but I think it's not enough to offset the negatives."
Overnight Wall Street surged, before paring gains to leave the S&P 500 up 0.7% at the close. The index was up nearly 2.8% at one stage, while the Nasdaq rose as much as 3.8% before closing 1% higher. The dollar, which is falling from 20-year highs as U.S. interest rate expectations retreat, dropped broadly and sharply, while bonds rallied.
The yield on benchmark 10-year U.S. Treasuries fell 11 basis points overnight and was steady at 3.4956% in afternoon Asia trade. Two-year yields, which track short-term interest rate expectations, touched 4.2053% compared with a U.S. close of 4.229%. The U.S. dollar fell 1.5% against the yen after the inflation data and was steady at 135.37 yen in Asia. The U.S. dollar index, which tracks the greenback against a basket of currencies of other major trading partners, fell to a six-month low of 103.57, before steadying at 104.04. It is down more than 9% from a two-decade high made in September.
FED AHEAD Futures pricing shows markets expect the Fed will slow the pace of hikes, but still raise its Funds rate target range by 50 bps to between 4.25% and 4.5% later on Thursday.
Much of the focus then falls on the "dot plot" chart of committee members projections about future rate movements, and the tone chairman Jerome Powell strikes in his press conference. "There are now clear signs that inflation is softening, but it is still at elevated level," said Tareck Horchani, head of dealing, Prime Brokerage, at Maybank Securities in Singapore.
"The market wants to know if the Fed will change their stance on the dot plot," he said, with the median projection in September being for a peak in the Fed funds rate of around 4.6% next year. Oil was carried 1% higher with the broader mood, before trimming gains a bit in Asia with Brent futures last at $80.35 a barrel and U.S. crude at $75.12 a barrel.
Bitcoin got a bounce overnight, but was unable to hold onto gains above $18,000. Cryptocurrency markets have been unmoved, but transfixed, by the arrest of FTX founder Sam Bankman-Fried, who was accused by U.S. prosecutors on Tuesday of misappropriating billions of dollars in customer funds from the cryptocurrency exchange.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.) | https://www.devdiscourse.com/article/business/2285476-global-markets-asian-stocks-rose-on-us-inflation-relief-but-wary-of-fed | 2022-12-14T08:12:39 | en | 0.961073 |
XAU/USD breaks to higher range
Gold popped higher following a deceleration in US CPI last month. After a rally above the August high of 1805, a brief consolidation saw support at 1765 right over the 20-day moving average. As the trading range compressed, the pressure was building up ahead of a breakout. This came in the shape of a strong impetus above 1810 which could lead to a runaway rally above 1850. As the RSI shot into the overbought area a pullback could ensue and the base of the breakout at 1790 is a key level to maintain the upward bias.
US Oil sees timid rebound
WTI crude bounced after OPEC said it expected demand growth from relaxed COVID policies in China. The price took off at its 12-month low and the psychological level of 70.00. But the bulls will need strong and convincing momentum above this month’s high at 82.00 before they could turn the pessimistic mood around. Before that, the support-turned-resistance at 77.00 is the first hurdle where renewed selling could be expected while the RSI shows an overbought situation. 73.30 is a fresh support and 70.00 a critical floor.
UK 100 finds support
Equities soared as cooling US inflation spurred hopes of a dovish Fed stance. On the daily chart, the FTSE 100 is holding onto its gains after a break above August’s high of 7560, while still remaining under pressure from this year’s highs around 7640. Support has been found at 7420, the junction between the base of a previous bullish breakout and the 30-day moving average. 7550 is the first resistance and a close above 7615 would resume the uptrend. A bearish breakout, however, would cause a correction to 7290.
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GBP/USD holds above 1.2350 after UK inflation data
GBP/USD continues to trade in a narrow range above 1.2350 on Wednesday after the data from the UK showed that the annual CPI declined to 10.7% in November from 11.1% in October. Market participants stay on the sidelines while gearing up for the Fed's policy announcements.
EUR/USD retreats toward 1.0600 amid USD rebound, Fed eyed
EUR/USD is falling back toward 1.0600 in early Europe, retreating from six-month highs. The pair eases amid a renewed demand for the US Dollar, as investors turn cautious and reposition ahead of the critical Fed policy announcements.
Gold awaits US Federal Reserve for the next big move
Gold price is treading water above the $1,800 mark on Wednesday, as the United States Dollar (USD) licks its wounds amid a sense of calm across the board, in anticipation of the all-important Fed policy decision and Chair Jerome Powell’s press conference.
Goldman Sachs claims Gold will outperform Bitcoin, calling BTC “a solution looking for a problem”
Bitcoin has been subjected to criticism for its volatility and speculative nature for a very long time. But the recent developments in the crypto space have seemed to reinforce those concerns.
Fed December Preview: Will US Dollar selloff continue? Premium
The US Dollar suffered heavy losses against its major rivals on Tuesday after the US Bureau of Labor Statistics reported that the Core Consumer Price Index (CPI) declined to 6% in November from 6.3% in October. | https://www.fxstreet.com/analysis/xau-resumes-uptrend-202212140800 | 2022-12-14T08:12:42 | en | 0.941861 |
ADB and PNG sign two loans to fund improvements to air services
“Major sectors of PNG’s economy such as mining, tourism, and agriculture rely on civil aviation for access to production sites and markets,” said Mr. Ling-Stuckey.
- Country:
- Philippines
The Asian Development Bank (ADB) and the Government of Papua New Guinea (PNG) today signed two loans to fund improvements to air services in PNG.
Minister for Treasury Ian Ling-Stuckey and ADB Country Director for PNG David Hill participated in the signing ceremony.
"This innovative program will help boost economic and social development in PNG," said Mr. Hill. "Our investments aim to improve connectivity in the country and, in doing so, drive growth in businesses and jobs."
Loans amounting to almost $163 million were signed at the ceremony for the newly approved $171.5 million Civil Aviation Development Investment Program Phase 2. The program will upgrade five national airports for better safety and security, improve the power supply at Port Moresby International Airport, and enhance navigation and weather services by installing a standard automatic weather observation system.
"Major sectors of PNG's economy such as mining, tourism, and agriculture rely on civil aviation for access to production sites and markets," said Mr. Ling-Stuckey. "This ADB-supported program will play a lead role in enabling economic recovery after COVID-19."
The program will pilot the upgrading of rural airstrips in four locations: Finschhafen, Hayfield, Jacquinot Bay, and Tapini. Civil aviation institutions in PNG will be strengthened through the provision of training on project management and gender inclusiveness.
The program builds on the successes of the ADB-supported Civil Aviation Development Investment Program, which was approved in 2009 and targeted sweeping improvements to 21 national airports that serve more than three million people in PNG per year. It also strengthened the safety, accessibility, and reliability of air services, and opened new economic opportunities in regional centers.
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- Asian Development Bank
- Papua New Guinea
- Ian Ling-Stuckey
- David Hill | https://www.devdiscourse.com/article/business/2285483-adb-and-png-sign-two-loans-to-fund-improvements-to-air-services | 2022-12-14T08:12:47 | en | 0.940494 |
SHANGHAI, Dec. 13, 2022 /PRNewswire/ -- Today, Trip.com Group's leading Chinese language platform Ctrip launched its 2023 Travel Revival A Plan to reunite destinations with Chinese travellers. The platform's four-pronged strategy engages destinations around the world in capturing pent-up travel demand from the vast Chinese travel market.
In 2020, Trip.com Group launched its pilot Travel Revival V Plan, investing RMB 1 billion in a recovery fund to help the industry battle pandemic pressures. On today's new iteration of the initiative, Bo Sun, Executive Vice President and Chief Marketing Officer of Trip.com Group, commented: "The launch of our 2023 Travel Revival A Plan is built on three years of experience bucking negative trends to drive growth. Our focus on revival is to assist the industry to meet short-term difficulties, whilst strengthened revitalization efforts will look to reshape the post-pandemic industry by forging new opportunities for the industry and destinations."
Reinventing brand value: working with destinations to create innovative "reunion" experiences
"For Chinese tourists, there has been a huge buildup of anticipation for their first outbound journey. For this reason, our Ctrip platform has been collaborating with destinations in preparation, using the platform's high-quality, comprehensive supply chain resources to create a full range of 'reunion' experience products. Our offering spans Chinese travellers' desire for scenic locations, entertainment and culinary experiences during their journey, including offering comprehensive coverage of cultural and historical activities."
In July 2022, Ctrip independently produced the travel documentary "Hit the Road" that combined destination marketing and the platform's unique new "Travel + Culture" content marketing model, with the show garnering over 120 million total views. In the future, this model will be extended to tourist destinations around the world as a solution to attracting Chinese travellers – providing a direct line to understanding Chinese tourists' preferences after three years of travel restrictions. Furthermore, the Ctrip platform is home to thousands of travel influencers, guides and other personalized travel service providers who create personalized in-depth travel products and content for users.
Reviving consumer confidence: marketing matrix boosts travel consumption
As of December 2022, most countries have completely lifted pandemic-related travel restrictions, with travel once again at the top of the agenda. "Since 2022, dozens of global destinations have established Star Hub channel homepages on Ctrip to expand their reach to Chinese audiences. We have built out top destination lists, delivered hundreds of super destination promotions, destination-specific live streaming events, and facilitated the distribution of RMB 1 billion in travel consumption vouchers across 20 countries and regions to boost campaign destination orders. In 2023, we will continue to leverage the cultural travel economy to drive business," said Mr. Sun on Trip.com Group's expanded marketing offering.
Ahead of the upcoming outbound travel boom, Ctrip's comprehensive marketing matrix is leading the way in connecting global destinations and Chinese travellers. The platform's Ctrip Community and Star Hub channels enable destinations to engage with hundreds of millions of users every week. Partners can leverage this traffic together with promotions and cultural travel consumption vouchers to offer regular content and products through Ctrip Live, with over 200 million users on the platform. The product system will be updated through dynamic data to meet tourists' needs.
Remodelling the industry ecosystem: building a global tourism data and resource sharing platform
Given the announcement of new policies and optimistic signals from the Chinese government, Trip.com Group is building a global tourism data and resource sharing platform, linking its brands, including Ctrip, in order to help global destinations to better welcome Chinese tourists again.
In regards to this new venture, Mr. Sun said: "We are opening up our airline ticketing and hotel resources to travel agencies around the world. In the short term, this will facilitate travel service providers to package and sell their products online, and help destinations to access the first cohorts of outbound Chinese tourists. Whilst in the long term, this platform will enable real time supply chain updates according to global traveller dynamics and product supply. As a tech-driven leading travel service provider, we believe we have the responsibility to drive industry progress through such developments and resource sharing."
Reiterating corporate responsibility: promoting sustainable travel to hundreds of millions of users
In 2022, Trip.com Group released its first-ever Sustainable Travel Consumer Report, which found that sustainable travel is now a global trend at the forefront of travllers' minds. Nearly 80% of respondents stated they attached great importance to sustainable environmental factors when travelling, and nearly 70% of respondents said they were willing to pay higher prices for more sustainable travel options.
In July this year, Trip.com Group launched its Green Tourism Goals. The ambitious plan includes launching more than 10,000 low-carbon travel products. Expanding on this, Mr. Sun introduced: "We have launched 'green stays' and 'green car rentals' on our Ctrip platform, and are currently working on launching 'green flights', 'green corporate travel' and 'green trips'. We have a duty to develop sustainable travel for the future of the entire industry and to fulfil the tourism industry's responsibility to the world."
END
About Trip.com Group
Trip.com Group is a leading global travel service provider comprising of Trip.com, Ctrip, Skyscanner, Qunar and TrainPal. Across its platforms, Trip.com Group helps travellers around the world make informed and cost-effective bookings for travel products and services and enables partners to connect their offerings with users through the aggregation of comprehensive travel-related content and resources, and an advanced transaction platform consisting of apps, websites and 24/7 customer service centres. Founded in 1999 and listed on NASDAQ in 2003 and HKEX in 2021, Trip.com Group has become one of the best-known travel groups in the world, with the mission "to pursue the perfect trip for a better world". Find out more about Trip.com Group here: group.trip.com.
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SOURCE Trip.com Group | https://www.wlbt.com/prnewswire/2022/12/14/tripcom-group-launches-travel-revival-plan-reconnect-chinese-travellers-with-global-destinations/ | 2022-12-14T08:12:51 | en | 0.920756 |
Necessary actions have resulted in 'least wait time' for boarding at Delhi airport: MoCA
- Country:
- India
Ministry of Civil Aviation (MoCA) on Wednesday said necessary actions taken to reduce congestion at the Delhi airport have resulted in ''least wait time'' for boarding at check points and entry gates.
In recent weeks, there have been rising passenger complaints about long waiting hours at the airport here and authorities have taken various measures to deal with the situation.
Listing out the measures, the ministry in a series of tweets said more Central Industrial Security Force (CISF) manpower are underway and four X-ray machines have been added for baggage check.
''Domestic security increased with 6 personnel with evenly distribution on all gates,'' it said.
There is a command centre and count meter for crowd management. Besides, display boards have been installed at all departure entry gates of the airport, which provides real-time data and is being shared via social media, according to the ministry.
The ministry said in order ''to curb congestion and waiting time at @DelhiAirport, necessary actions have been taken which have resulted in least wait time for boarding at checkpoints, entry gates and smooth transit of passengers''. On Tuesday, the ministry asked airlines to deploy adequate manpower at all check-in and baggage drop counters well in advance to ensure decongestion and smooth flow of passengers at airports.
Civil aviation minister Jyotiraditya Scindia on Monday inspected the arrangements at Terminal 3 (T3) of the Indira Gandhi International Airport (IGIA) here amid complaints about congestion.
IGIA is the country's largest airport. On Tuesday, domestic airlines carried nearly 4.12 lakh passengers.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Jyotiraditya Scindia Launches Digi Yatra for three airports | https://www.devdiscourse.com/article/business/2285487-necessary-actions-have-resulted-in-least-wait-time-for-boarding-at-delhi-airport-moca | 2022-12-14T08:12:55 | en | 0.933183 |
You need to enable JavaScript to run this app. | https://sportspyder.com/nba/san-antonio-spurs/articles/41865064 | 2022-12-14T08:12:58 | en | 0.738227 |
Verkada is growing its team of builders internationally to help meet its mission to create the operating system for the physical world
SAN MATEO, Calif., Dec. 14, 2022 /PRNewswire/ -- Verkada, a leader in cloud-managed enterprise building security and management, today announced the opening of its new engineering hub in Krakow, Poland - the eighth new office Verkada has opened over the last two years.
"This new hub is a critical extension of our global team as we build cutting-edge hardware and software products that protect organizations' people and property," said Martin Hunt, CTO of Verkada. "As our Poland-based team scales up, they will work on end-to-end systems, fully owning products from ideation and design to prototyping and iteration to mass production."
Designed with simplicity in mind, Verkada's product offerings span video security cameras, door-based access control, environmental sensors, alarms, guest, and mailroom management, providing unparalleled visibility through a single cloud-based software platform. Today, the platform is trusted by more than 14,000 organizations worldwide, including more than 100 companies in the Fortune 500.
In September, Verkada announced the close of its $205 million Series D funding at a $3.2 billion valuation, doubling its valuation from its Series C fundraise in January 2019. Verkada pledged to use the latest infusion of capital to hire across all functions and continue its geographic expansion - the Engineering Hub in Poland is evidence of this in action.
Verkada has already started the recruiting process in Poland and is hiring firmware developers, backend engineers, embedded software engineers, and others to join the team. Open engineering roles can be viewed here.
For more information on Verkada's products and the impact they are delivering to customers today, see here.
Verkada is the leading physical security platform to protect people and properties in a privacy-respecting manner. Designed with simplicity in mind, Verkada's six product lines - video security cameras, access control, environmental sensors, alarms, visitor management and mailroom management - provide unparalleled building security through an integrated, secure cloud-based software platform. Over 14,000 organizations across 63 countries worldwide trust Verkada as their physical security layer for easier management, intelligent control, and scalable deployments. For more information, please visit www.verkada.com.
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SOURCE Verkada | https://www.wlbt.com/prnewswire/2022/12/14/verkada-opens-engineering-hub-poland/ | 2022-12-14T08:12:58 | en | 0.92543 |
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AfDB approves $73.81million to boost wheat production in Sudan
Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third of its gross domestic product.
The Board of Directors of the African Development Bank Group on 9 December 2022 in Abidjan approved $73.81 million to finance the Sudan Emergency Wheat Production Project under the Bank's African Emergency Food Production Facility.
Agriculture is the backbone of the Sudanese economy, accounting for 60% of total national exports and generating a third of its gross domestic product. It employs more than half of the country's workforce.
Sudan, the third largest country by land area, has long suffered from extreme food insecurity due to multiple factors, including economic decline and hyperinflation, conflict-induced population displacement, and poor agricultural harvests.
This situation has worsened in the wake of the current global food and energy price hikes which also hit the country severely. Sorghum and millet prices have jumped by 150-200% since 2021while wheat prices have soared almost three-fold. This is because 60-70% of wheat consumed in Sudan is imported, mainly from Russia and Ukraine. Fertilizer prices have also tripled, as has energy, thus fuelling inflation.
The funds from the African Development Bank will help procure at large scale and deliver certified seeds of climate-adapted varieties, fertilizers, and extension services for smallholder farmers. The project is expected to more-than-double wheat́ production from 630,000 tonnes currently to 1.52 million tonnes in two years. Some 400,000 smallholder farming households, 40% of them women, will benefit from the scheme. Nearly 800,000 casual workers will also benefit from the spin-offs along the wheat́, seed, and fertilizer value chains.
"Sudan, with the largest irrigated area in sub-Saharan Africa, has enormous potential not only to become self-sufficient in wheat, but also to become an exporter," says Nnenna Nwabufo, African Development Bank's Director General for East Africa.
The project targets small-scale farmers, seasonal workers, seed producers, and agricultural traders in Sudan's main wheat-growing regions, such as Al-Jazira, New Halfa, Upper Nile, and White Nile, which have large irrigated areas and are more resilient to climate change.
The World Food Programme in Sudan will implement the project.
"The Sudan Emergency Wheat Production Project (SEWPP) will benefit from the spillovers and lessons learned from previous projects the Bank has financed in the country," said Mary Monyau, the African Development Bank's Country Manager in Sudan. Notable among the successful projects is the Technologies for African Agricultural Transformation (TAAT) Wheat initiative (2018-2021), which has revamped the Sudanese wheat́ sector and increased yields from 1.5 to 2.3 tonnes/hectare and production from less than 350,000 tonnes to 1.1 million tonnes in just five years (from 2014 to 2019).
The Bank launched the $1.5 billion African Emergency Food Facility in May 2022 to help African countries avert an imminent food crisis due to the disruption of food supplies resulting from the war in Ukraine.
The Bank currently has 19 operations in Sudan, with a total commitment of $486.2 million. The agriculture sector is the largest beneficiary, with $272.3 million in investments (56% of the portfolio).
- READ MORE ON:
- African Development Bank
- Sudan
- wheat production
- Agriculture | https://www.devdiscourse.com/article/business/2285511-afdb-approves-7381million-to-boost-wheat-production-in-sudan | 2022-12-14T08:13:03 | en | 0.946087 |
Congestion at airports: CISF adds 100 more personnel to man new security counters
- Country:
- India
The Central Industrial Security Force (CISF) has prepared a pool of more than 100 personnel to man additional security counters expected to be handed over to it for easing the ongoing congestion at large airports of Delhi and Mumbai, official sources said Wednesday.
The central paramilitary, designated as the national aviation security force, has informed airport operators, airlines and the Union civil aviation ministry about the latest decision.
They have said that while it can bring on board some more security personnel there can be ''no compromise on security protocols and standard operating procedures followed by it for regular frisking of passengers and scanning of cabin baggage apart from fliers required to undergo extensive search due to specific profiling.'' A senior CISF officer told PTI that the force has brought on board more than 100 personnel ''over and above'' its sanctioned strength of around 4,500 personnel at the Delhi and Mumbai airports each.
We can add a similar strength of more men and women personnel at other airports witnessing heavy footfall, he said. This move will continue till the upcoming holiday season due to Christmas and New Year celebrations, he said.
After a recent review of passenger facilities by Union civil aviation minister Jyotiraditya Scindia at the Indira Gandhi International (IGI) Airport in Delhi, a few more security counters are expected to be opened.
A senior IGI airport officer said post the recent review of the terminal-3 infrastructure layout, the office of the CISF Commandant, terminal manager and another facility will be dismantled and more baggage x-ray scanners and passenger security queues will be created in this space.
A new x-ray scanning facility for pre-embarkation security checks of the staffers and crew of the airlines will be installed in the domestic security check area of the IGI, the airport official said.
The airlines have been directed to ease the bunching of flights in peak hours so that the queue for the security frisking moves at ease, he said.
So, we are looking at clearing passengers for about 14-15 flights from the present around 20-21 flights taking off from the domestic terminal of IGI during peak hours. We would be good at clearing passengers for about a dozen flights at peak times (5 am-9 am), CISF officials said.
The CISF has also assured that the force will provide additional manpower to man the new counters which will help in easing the current congestion and streamline passenger check-in and boarding from Terminals 3, 1 and 2. A team of CISF officers has also been tasked to supervise the operations at the security check area and direct the private security guards who have been recently deployed at a number of airports to undertake non-core duties like helping passengers to line up, crowd management and bar code scanning of boarding passes.
''We have informed the airport operators in Delhi and Mumbai that we are in a position to deploy fresh manpower for the new security counters they open to fasten the security checks queue. ''It has also been reiterated to all the stakeholders that there can be no compromise on security, even during the recent spate of high footfalls at big airports. The ministry (civil aviation) and other stakeholders are on the same page,'' another senior CISF officer, who did not wish to be named, said.
The leaves of the personnel posted at large airports have also been rationalised and the maximum strength will be on duty over the next fortnight or so, he said.
The CISF currently guards 65 civil airport terminals in the country through its special unit called the aviation security group (ASG) and its core task is to provide an anti-hijack and anti-terrorist cover to these facilities.
Over the last two weeks, passengers have been posting pictures and videos of long queues and crowds at the IGI in Delhi and the Chhatrapati Shivaji Maharaj International Airport in Mumbai prompting authorities to take note and subsequently asking airlines and airport operators to take required measures for easing the traffic. The civil aviation ministry on Tuesday asked airlines to deploy adequate manpower at all check-in and baggage drop counters besides requesting the scheduled airlines to place real-time data on their social media feed regarding waiting time at respective airports' entry gates.
Airlines have also asked passengers to reach airports early, do web check-in and carry only one piece of hand baggage for faster movement, as air traffic swells.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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Manav Rachna Honoured with Prestigious Sports Awards at the TURF 2022 and India Sports Awards of FICCI | https://www.devdiscourse.com/article/business/2285544-congestion-at-airports-cisf-adds-100-more-personnel-to-man-new-security-counters | 2022-12-14T08:13:12 | en | 0.952211 |
You need to enable JavaScript to run this app. | https://sportspyder.com/cf/northwestern-wildcats-football/articles/41860948 | 2022-12-14T08:13:16 | en | 0.738227 |
Morocco airline cancels World Cup fans flights, citing Qatar restrictions
"Following the latest restrictions imposed by the Qatari authorities, Royal Air Maroc regrets to inform customers of the cancellation of their flights operated by Qatar Airways," the airline said in an emailed statement. The Qatari government's international media office did not immediately respond to requests for comment.
- Country:
- Morocco
Morocco's national airline said it was cancelling all flights it had scheduled for Wednesday to carry fans to Doha for the World Cup semi-final, citing what it said was a decision by Qatari authorities. "Following the latest restrictions imposed by the Qatari authorities, Royal Air Maroc regrets to inform customers of the cancellation of their flights operated by Qatar Airways," the airline said in an emailed statement.
The Qatari government's international media office did not immediately respond to requests for comment. Royal Air Maroc had previously said it would lay on 30 additional flights to help fans get to Qatar for Wednesday night's semi-final game against France but on Tuesday a source at a RAM travel agency said only 14 flights had been scheduled.
The cancellation of Wednesday's seven scheduled flights means RAM was only able to fly the seven flights on Tuesday, leaving fans who had already booked match tickets or hotel rooms unable to travel. RAM said it would reimburse air tickets and apologised to customers.
The RAM spokesperson did not immediately respond to Reuters request for comment. Qatar Airways did not immediately respond to Reuters request for comment.
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
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- France
- Doha
- Qatar
- Qatar Airways
- Qatar Airways
- Qatari
- Morocco
- Royal Air Maroc
- RAM | https://www.devdiscourse.com/article/business/2285546-morocco-airline-cancels-world-cup-fans-flights-citing-qatar-restrictions | 2022-12-14T08:13:19 | en | 0.958652 |
You need to enable JavaScript to run this app. | https://sportspyder.com/cf/northwestern-wildcats-football/articles/41863307 | 2022-12-14T08:13:22 | en | 0.738227 |
India's wholesale inflation falls further, continues to be in single-digit
India's wholesale inflation based on the Wholesale Price Index for the month of November was at 5.85 per cent (provisional), against previous month's print of 8.39 per cen.
- Country:
- India
India's wholesale inflation based on the Wholesale Price Index for the month of November was at 5.85 per cent (provisional), against the previous month's 8.39 per cent, official data showed on Wednesday. Notably, in the last two consecutive months, India's wholesale inflation is in the single-digit. Till September, for 18 months on the trot, India's wholesale inflation was in double digits.
According to an official statement from the government, the decline in the rate of inflation in November 2022 is primarily contributed by a fall in prices of food articles, basic metals, textiles, chemicals & chemical products, and paper and paper products as compared to the corresponding month of the previous year. Meanwhile, India's retail inflation rate based on Consumer Price Index declined to 5.88 per cent in November from 6.77 per cent during the previous month, according to data released on Monday by the ministry of statistics.
This essentially meant retail inflation in India is now at an 11-month low and it declined below 6 per cent, which is in RBI's comfort zone. The central bank RBI had already hiked the key policy rate by 225 basis points since May to 6.25 per cent to cool off domestic retail inflation that has stayed above the RBI's upper tolerance limit for over three quarters now.
Under the flexible inflation targeting framework introduced in 2016, the RBI is deemed to have failed in managing price rises if the CPI-based inflation is outside the 2-6 per cent range for three quarters in a row. An out-of-turn meeting of the Monetary Policy Committee (MPC) of the Reserve Bank of India was held in early November to discuss and draft the report to be sent to the central government for having failed in maintaining the inflation mandate.
The meeting was called under Section 45ZN of the Reserve Bank of India (RBI) Act 1934, which pertains to steps to be taken if the central bank fails to meet its inflation-targeting mandate. Further details about the special meeting are not officially in the public domain. (ANI)
(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)
- READ MORE ON:
- India
- Section 45ZN
- the ministry of statistics | https://www.devdiscourse.com/article/business/2285562-indias-wholesale-inflation-falls-further-continues-to-be-in-single-digit | 2022-12-14T08:13:27 | en | 0.961608 |
You need to enable JavaScript to run this app. | https://sportspyder.com/cf/northwestern-wildcats-football/articles/41863351 | 2022-12-14T08:13:28 | en | 0.738227 |
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