Czech Finance – Kinoobzor http://kinoobzor.net/ Fri, 07 May 2021 09:05:29 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.1 https://kinoobzor.net/wp-content/uploads/2021/05/cropped-icon-32x32.png Czech Finance – Kinoobzor http://kinoobzor.net/ 32 32 Democracy Digest: A week of illiberal brawls, prosecution threats and hands in the aisle https://kinoobzor.net/democracy-digest-a-week-of-illiberal-brawls-prosecution-threats-and-hands-in-the-aisle/ https://kinoobzor.net/democracy-digest-a-week-of-illiberal-brawls-prosecution-threats-and-hands-in-the-aisle/#respond Fri, 07 May 2021 06:22:46 +0000 https://kinoobzor.net/democracy-digest-a-week-of-illiberal-brawls-prosecution-threats-and-hands-in-the-aisle/

Trade in chaos in Czechia; political distancing; COVID vs Euroscepticism

The revelations on April 17 revealed that Russia was behind the 2014 explosions at the Vrbetice munitions depot in Czechia continue to wreak havoc. The Seznam portal launched its own bombshell on Monday with a report that Deputy Prime Minister and Home Secretary Jan Hamacek previously planned to use an April 19 trip to Moscow to offer to bury the finds of Prague in exchange for a million doses of Sputnik V vaccine and a promise to hold a Russian-American summit between Vladimir Putin and Joe Biden in the Czech capital.

The article describes secret meetings in Hamacek’s office and claims that several of the military, police and security officials present confirmed that Hamacek discussed the plan. The interior minister denied the report, saying the canceled trip to Moscow was planned as a decoy before the revelations.

Hamacek’s Czech Social Democratic Party (CSSD) – a junior partner of the ANO-led coalition – decided the best defense was a good offense and quickly distributed a “credibility barometer”, noting five allegations of inaccuracies the work of journalist Janek Kroupa over the past two decades. Many on social media said it was a technique reminiscent of those used by the former Communist regime.

Prime Minister Andrej Babis has said he believes Hamacek’s version of events. Of course, if it were true, the scandal would not reflect well his handling of government.

The opposition demanded Hamacek’s head, but a special meeting in parliament on Tuesday produced nothing more than smudges. Hamacek is now considering suing Seznam. It is suggested that a legal hearing would mean that officials who attended the meeting, but declined to comment in public on what was discussed, will now be required to speak. One thing everyone agrees on is that disagreement and disarray has devoured Czech politics ever since the revelations were a gift to Moscow.

Hamacek also demanded an apology from the opposition for suggesting he was acting with everything but the best interests of the Czech Republic at heart. “My own reputation and the fame of my party have been damaged, so I have no choice but to sue the authors of the article for slander and fear-mongering, and I await an apology from those of my colleagues who called me a traitor, ”he said. .

The Deputy Prime Minister must show that he is fighting a good fight. He recently retained the leadership of the CSSD by pledging to stem the party’s hemorrhagic support by targeting more conservative center-left voters. This cohort is loyal to Milos Zeman, the Russian-linked president who urged Czech authorities to start using the Sputnik V vaccine. He has also sought to cast doubt on the revelations surrounding Vrbetice.

It has been suggested that the announced offer of a compromise in Moscow sounds a lot like the kind of plan Zeman might imagine. Therefore, Hamacek could now be content to move away from the head of state a little.

But can he do it fast enough? The CSSD runs a serious risk of not crossing the 5% threshold to enter parliament in the next elections, and a vote could come sooner than expected, with new electoral laws that would allow the vote to take place and which should be adopted May 5.

The new legislation was ordered by the Constitutional Court and introduces a new method of converting votes into parliamentary seats which is somewhat less favorable to large parties. According to models, had the new system been used in the 2017 election, the ruling party, the ANO, would hold 69 seats instead of 78, with most other parties getting one or two more terms.

The adoption of the new laws increases the likelihood of early elections. The Communist Party (KSCM), which previously backed the minority government, said last month it would accept a vote of no confidence if called. However, the centrist opposition was wary of the fact that without the implementation of new electoral laws, power would pass to the president. With that risk now reduced, the opposition could make a move to force a vote before the elections scheduled for October.

Certainly, this could be the right time to strike for the opposition. Data released this week from a Eurobarometer survey taken in February suggests the Czechs now have the EU’s lowest level of trust in their government, at just 19 percent. On the other hand, no more than 15 percent trust parliament and only one in ten believe in the country’s political parties. The data reveals the depths to which Czech cynicism has descended. The EU average for trust in government is 36 percent; average trust in parliament is one percentage point lower.

Buffered by Prague’s poor performance in the face of the COVID-19 pandemic, the Czech reading of confidence in the government has fallen by more than half compared to the last Eurobarometer reading taken in the summer of 2020. Satisfaction with respect to the country’s coronavirus measures fell during the same period. 71 percent to just 24 percent.

Still, it looks like the new coronavirus is also proving something of a vaccine against Euroscepticism. The survey shows that the Czech Republic’s confidence in the EU rose 9 percentage points to 48%, the highest value in eight years. As a result, the Czech Republic has lost its long-standing Eurosceptic crown to Greece, where only 37% of the population trusts Brussels. Italy, Austria, France and Cyprus are also less impressed than the Czechs.

A small majority of Czechs remain suspicious, but the pandemic seems to have convinced many that these small countries have many advantages to gain from a multilateral world. The Czech Republic’s confidence in the UN has increased by 12 percentage points to 57%, and respondents also expect the EU to provide access to vaccines and establish a common European strategy to deal with similar crises in the future.


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EUROCOMMERCIAL PROPERTIES NV FIRST QUARTER 2021 RESULTS https://kinoobzor.net/eurocommercial-properties-nv-first-quarter-2021-results/ https://kinoobzor.net/eurocommercial-properties-nv-first-quarter-2021-results/#respond Fri, 07 May 2021 05:32:00 +0000 https://kinoobzor.net/eurocommercial-properties-nv-first-quarter-2021-results/

The daily beast

Sorry, snobs, tough seltzer, and canned cocktails are blowing up

Photo Illustration by Sarah Rogers / The Daily Beast / Photos via Getty The chorus of voices this spring announcing the death of the hard seltzer seem smaller, but more shrill, a sure sign of the continued potency of soft drinks. go away and let it be just a fad. But I’m here to tell you that the hard seltzer isn’t going anywhere and is about to step up a gear. , according to Bump Williams Consulting, the go-to source for beer grade numbers. You might be tempted to attribute this increase to the fact that the coronavirus pandemic has closed bars and restaurants across the country. But in 2020, global hard seltzer sales topped $ 4 billion, up from $ 2.6 billion the year before, and captured nearly 10% of the overall beer category. These are huge numbers for a product that was first launched less than ten years ago. The hard seltzer has fully penetrated national distribution channels and almost all major brewers have at least one brand. Craftsmen also took part in these drinks. Truly, the second biggest seller in the US hard seltzer market, is the product of Boston Beer, which is the parent company of Sam Adams. Hardly a week goes by without another craft brewer – big or small, new or old – announcing that they are also launching a hard seltzer. Recently, it was Stone Brewing, and it’s an interesting argument to enter this industry. “We pay close attention to the data, and the hard seltzer category just can’t be ignored,” brewery new CEO Maria Stipp told me. “At the current rate, the seltzer will pass the trade in terms of category size. So that makes sense to us. Beers are always our priority, we are not straying from that, but craft enthusiasts are drinking hard seltzers from their favorite breweries now. Stone IPA drinkers may be confused, even angry, about all of this, but its seltzers sell heavily in its own taprooms. The launch also shows that Stone has his ears open to the sound of the market. The name of these drinks – Buenavida – and the look reflect a deep understanding of the appeal of hard seltzer: clean, healthy looking, low in calories, and fun. Stone chose to put Buenavida in a clear, embossed bottle, instead of the nearly universal 12-ounce thin box. “Our decision to launch in glass bottles is intentional,” Stipp said. “Glass gives us the opportunity to show off this clean, clear liquid and it feels premium and special.” The premium feeling is something the hard seltzer lacks, and it will need it to continue to grow. We’re expecting a luxury option for almost everything in 2021, from cars and paint to toothpicks, and the big brands have been so busy trying to meet basic demand that there is no had no time and little chance to build one. But there is a new player in the canned drinks category that has a lot of experience in producing high-end products that is now entering the fray: the spirits companies. The Short Answer: Tax Codes While no one can fault you for thinking hard seltzer was essentially canned vodka soda, it’s actually more like beer. You see, because of the tax rates, it’s a lot cheaper to brew alcohol from sugar and carbonate it than to use a distilled spirit and mix it with soda. The US Federal Excise Tax (FET) is different depending on how the alcohol in a beverage is made, and it is much more on spirits than on wine or beer. To keep it as simple as possible (which isn’t easy), a gallon of wine at 16 percent alcohol by volume (ABV) or less is taxed $ 1.07. The tax on a gallon of sparkling wine, oddly enough, is $ 3.40. A gallon of beer no matter what the ABV is just taxed at 58 cents. Cider, which has always received special treatment because of its rural, “real America” image, is taxed at 22.6 cents per gallon. But a gallon of 100% spirits (50% ABV) is taxed $ 13.50. Additional state taxes are also slanted Irish whiskey of my dreams is now available in the US Stop wasting your money on bourbon that’s too old A number of craft distilleries and new beverage brands have started to make canned cocktails that actually use hard spirits. Of course, they pass the tax costs on to the consumer. But the big spirits brands have taken note of the rapid growth and the money being made on hard seltzer and they want to be a part of it. Treat consumers to seltzer with real spirits, from brands they already know and love, like Bacardi Rum, Tanqueray Gin, or Ketel A vodka, and they’ll likely go hard seltzer and even pay more for them. scaring the beer companies, Jim Koch, founder of Boston Beer and owner of Truly, recently wrote a missive to his colleagues in the industry urging them not to bash and see the threat that emerges Which is even more terrifying for Koch and his countrymen is that the spirits brands are trying to change the tax code, so that these spirits-based drinks are treated more like in the eyes of the federal government, David Ozgo, chief economist of the Distilled Spirits Council of the United States, notes that thanks to these ready-to-drink (RTD) drinks, the once-clear lines between beer, wine, and spirits are blurring. Consumers don’t really care what type of alcohol they drink, but how much it tastes, how much it costs, and where they can get it. “Currently,” he said, “spirits consumers are forced to pay much higher taxes for a spirits-based RDT product even if it has the same alcohol content as alcohol-based RDTs. malt and wine, which can be sold more than three. times more points of sale. It is totally unjustified and unfair to the consumer. This fight is not only taking place at the federal level, but also at the local level. Some states are considering treating beer strength RTDs (of any type of alcohol) such as beer or wine for tax purposes and for places where they are permitted to be sold. In my home state of Pennsylvania, for example, an initiative is being considered to allow the sale of spirits-based RTDs outside of state stores which currently have a monopoly on their sales. cocktails and hard seltzers made from real vodka. Dave Williams, vice president of analytics and knowledge at Bump Williams Consulting, believes this is necessary for the success of mind-based RTDs. “Until they can become as widely available as commercially hard seltzers, I doubt we’ll see them reach the same heights,” he told me. “But that doesn’t mean it’s not a fertile area for growth, as we’ve seen a number of brands do very well in this space, including the recently launched Crown Royal line.” market disruptors ”, the hard seltzer is a perfect fit. Now, spirits-based RTDs look like disruptors in the hard seltzer market. It should satisfy the continued desire for new products, for some time anyway. So where does that leave us? Keep in mind that a significant number of people only drink the last thing because … it’s the last thing. They don’t really like what they drink, but they love to drink what everyone else drinks. The hard seltzer releases them from this in the same way as a Vodka Soda. Or as a friend of mine said when he found some hard seltzer, “I’m just glad I don’t have to drink IPA anymore.” This goes along with my own thinking that the popularity of Michelob Ultra indicates that a lot of people want to drink beer … without having to taste it. This lack of flavor isn’t necessarily all negative either. You can add a range of hard seltzer ingredients, fruit, juice and bitter to wine even for a sparkling sangria. Hard seltzers can be your drink or the canvas you paint your drink on. They’re versatile and fun, and don’t require or reward connoisseurs at all. Anyone trying to be a die-hard seltzer snob will more than deserve the derision they get, for me I’ll stick to beer, because I honestly love it, and whiskey, because it’s delicious. and final. But I’m also going to stick with what I said 18 months ago: “Hard seltzer could be the next light beer, something that completely changes basic market assumptions.” For the moment, this work is far from over. Stay tuned. Learn more about The Daily Beast. Get our best stories delivered to your inbox every day. Register now! Daily Beast Membership: Beast Inside delves deeper into the stories that matter to you. Learn more.

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New CFO for Wacker Neuson https://kinoobzor.net/new-cfo-for-wacker-neuson/ https://kinoobzor.net/new-cfo-for-wacker-neuson/#respond Thu, 06 May 2021 23:00:00 +0000 https://kinoobzor.net/new-cfo-for-wacker-neuson/

07.05.2021

Wacker Neuson has appointed Christoph Burkhard as new CFO.

He will officially join the company at the beginning of June, at the same time as the new Managing Director Karl Tragl takes over, succeeding Kurt Helletzgruber. Helletzgruber was initially seconded from the supervisory board on an interim basis following the departure of Wilfried Trepels at the end of November due to differences of opinion on the company’s management – see: Departure of Wacker Neuson CEO & CFO.

In his new role, Burkhard will be responsible for finance, control and risk management as well as audit, IT and sales finance. He joined the company after four and a half years as CFO of Nordex, one of the world’s largest manufacturers of wind turbine systems. Previously, he spent 18 years at Siemens, where he worked in several divisions, having started with the company in 1998 as Director of Project and Export Finance. In 2008, he was appointed CFO of the European onshore wind activity, moving to its offshore wind division.

Christoph burkhard

Burkhard started his career as an analyst at the European Commission in Luxembourg, after a year at the London School of Economics. In 1993 he joined Zivnostenska Banka as a trainee analyst shortly after German bank BHF acquired 40% of the shares during the privatization of the Czech bank. In 1997, he joined IPC and the European Bank for Reconstruction, as senior advisor, then joined Siemens a year and a half later.

The Chairman of the Supervisory Board, Hans Neunteufel, said: “With Christoph Burkhard we have won a CFO with extensive international experience coupled with exceptional expertise in financing and executing global transformation processes. In addition to this, Burkhard has already proven his ability to successfully and sustainably manage working capital in a growing global engineering company – a very important area for our group as well.

Burkhard added, “I am truly looking forward to supporting the Wacker Neuson Group on their exciting journey shaped by emerging opportunities through an integrated finance function, and driving the company’s strategic goals, such as the expansion of the zero portfolio. broadcast, in collaboration with the entire management team. ”


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Amazon Turns Blockbuster Sci-Fi Podcast ‘From Now’ Into TV Show https://kinoobzor.net/amazon-turns-blockbuster-sci-fi-podcast-from-now-into-tv-show/ https://kinoobzor.net/amazon-turns-blockbuster-sci-fi-podcast-from-now-into-tv-show/#respond Thu, 06 May 2021 17:44:23 +0000 https://kinoobzor.net/amazon-turns-blockbuster-sci-fi-podcast-from-now-into-tv-show/

GlobeNewswire

Global UPS Battery Market Forecast to 2028 – Impact and Analysis of COVID-19

Dublin, May 7, 2021 (GLOBE NEWSWIRE) – The “UPS Battery Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product Type (Lead-Acid, Lithium-Ion, and Other Product Types) and Application (Commercial, Residential and other applications) “has been added to the offering of ResearchAndMarkets.com. The global UPS battery market was valued at US $ 695.6 million in 2020 and is expected to reach US $ 1,475.7 million by 2028; it is expected to grow at a 10.6% CAGR from 2021 to 2028. The battery is one of the crucial components of an uninterruptible power supply (UPS). The UPS battery is responsible for the long life and good UPS performance. Thus, regular battery maintenance is essential. Lithium-ion (Li-ion), lead-acid and nickel-cadium are the main types of UPS batteries available to the consumer community. end users, from the commercial sector to the industrial sector. With the growing number of large data centers in the business sector, electrical devices and gadgets such as computers, critical infrastructure or industrial processes, UPS adoption is booming, further boosting the reach of UPS batteries . In addition, with the increase in critical facilities and industries using data centers, the demand for UPS battery solutions that offer superior reliability, safety and performance is also increasing. The UPS depends on having the right batteries, the correct configuration and their conservation. An end user may need a corporate power server, manage an entire building, or protect sensitive drugs that are stored at very specific temperatures. Grid storage, residential grid storage, and electric vehicles are among the other applications using UPSs, which are also expected to power the production and sales cycle of UPS batteries. India, Brazil, Russia, United Kingdom, France, Spain and Italy are among the countries most affected by the COVID-19 epidemic. The epidemic is negatively affecting industries around the world. In addition, the global economy experienced a slowdown in 2020 and also impacted the first quarter of 2021. The pandemic has disrupted UPS battery operations and supplies around the world. Market players have seen disruption in their operations, and this is expected to have consequences until mid-2021. The global energy and power industry is one of the major industries suffering severe disruption due to the COVID-19 pandemic which is hampering the growth of the global UPS battery market. Factory closures, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have negatively impacted the UPS battery market.The overall size of the UPS battery market has been calculated using using both primary and secondary sources. To begin the research process, extensive secondary research was conducted from internal and external sources in order to obtain qualitative and quantitative information related to the market. The process also serves to get an overview and forecast for the UPS battery market with respect to all the segments belonging to the region. In addition, several primary interviews were conducted with participants and industry commentators to validate the data, as well as to gain more analytical information on the topic. Participants in this process include industry experts such as vice presidents, business development managers, business intelligence managers and national sales managers, as well as external consultants such as valuation experts, analysts. researchers and key opinion leaders, specializing in the UPS battery market. CSB Energy Technology Co., Ltd .; East Penn Manufacturing Company; EATON Corporation; Exide Industries Ltd .; FIAMM Energy Technology SpA; GS Yuasa International Ltd .; Leoch International Technology Limited; North Star; Schneider Electric SE; and Vertiv Group Corp are among the prime market players presented during the market research Reasons to Buy Save and reduce time in entry-level research by identifying growth, size, leading players and segments of the global UPS battery market. In order to help companies realign their business strategies, the key findings and recommendations highlight crucial progressive industry trends in the global UPS Battery Market, thereby enabling value chain players to develop effective strategies to long term. and emerging markets Take an in-depth look at global market trends and prospects, as well as the factors that drive the market, as well as those that hinder it Improve the decision-making process by understanding the strategies that drive the interest commercial with regard to customer products, segmentation, pricing and distribution Topics covered: 1. Introductio n 1.1 Scope of the study 1.2 Focus of the report 1.3 Market segmentation 2. Key points to remember 3. Methodology of research 3.1 Coverage 3.2 Secondary research 3.3 Primary research 4. UPS Battery Market Landscape4.1 Market Overview4.2 PEST Analysis4.2.1 North America – PEST Analysis4.2.2 Europe – PEST Analysis4.2.3 Asia-Pacific – PEST Analysis4.2.4 Middle East & Africa – PEST Analysis4.2.5 America South – PEST4 analysis. 3 Ecosystem Analysis 4.4 Expert Opinion 5. UPS Battery Market – Key Market Dynamics 5.1 Market Drivers 5.1.1 Growing Use of Li-Ion Battery in UPS Systems 5.1.2 Growing Applications of UPS Battery in UPS Systems Data Centers 5.2 Market Constraints 5.2.1 Risk of UPS Battery Outages 5.3 Market Opportunities 5.3.1 Growing UPS Applications in Emerging Economies 5.4 Future Trends 5.4.1 Growing Digitization Fueled by Supportive Government Initiatives 5.5 Impact Analysis drivers and restraints 6. UPS Battery Market – Global Analysis 6.1 UPS Battery Market Overview 6.2 UPS Battery Market – Global Revenue and Forecast to 2028 (USD Million) 6.3 Market Positioning – Five key players 7. UPS Battery Market – By Product Type7.1 Overview7.2 UPS Battery Market, by Product Type (2020 and 2028) 7.3 Lead Acid7.3.1 Overview7.3.2 Lead Acid: UPS Battery Market – Revenue and Forecast to ‘in 2028 (Million US $) 7.4 Li-Ion 7.4.1 Overview 7.4.2 Li-Ion: UPS Battery Market – Revenue and Forecast to 2028 (Million US $) 7.5 Other Product Type 7.5.1 Overview 7.5.2 Other Product Type: UPS Battery Market – Revenue and Forecast to 2028 (USD Million) 8. UPS Battery Market Analysis – By Application8.1 Overview8.2 UPS Battery Market, by Application (2020 & 2028) 8.3 Commercial 8.3.1 Overview 8.3.2 Commercial: UPS Battery Market – Revenue and Forecast to 2028 (USD Million) 8.4 Residential 8.4.1 8.4.2 Residential: UPS Battery Market – Revenue and Forecast to 2028 (USD Million) 8.5 Aut re application 8.5.1 Overview 8.5.2 Other Application: UPS Battery Market – Revenue and Forecast to 2028 (Million US $) 9. UPS Battery Market – Geographic Analysis9.1 Overview9.2 North America: UPS9.3 Europe batteries: UPS9.4 batteries market APAC: UPS9.5 batteries market MEA: UPS9.6 batteries market SAM: UPS10 batteries market. Impact of the COVID-19 pandemic on the UPS battery market 10.1 Overview 10.2 North America 10.3 Europe 10.4 Asia-Pacific 10.5 Middle East and Africa 10.6 South America 11. Landscape Industry Profile 11.1 Overview 11.2 Market Initiative 11.3 New Product Development 12. Company Profiles12.1 CSB Battery Co., Ltd..12.1.1 Key Facts12.1.2 Business Description12.1.3 Products and Services12.1.4 Overview 12.1.5 SWOT Analysis12.1.6 Key Developments12.2 East Penn Manufacturing Company12.2.1 Key Facts12.2.2 Company Description12.2.3 Products and Services12.2.4 Financial Overview12.2.5 SWOT Analysis12.2.6 Key Developments12.3 Eaton Corporation plc12.3.1 Key Facts12. 3.2 Description of the activity 12.3.3 Products and services 12.3.4 Financial overview 12.3.5 SWOT analysis 12.3.6 Key developments 12.4 Exide Industries Limited 12.4.1 Key facts 12.4.2 Description of the activity 12.4.3 Products and services 12.4.4 Financial presentation 12.4.5 SWOT analysis 12.4.6 Development Key facts 12.5 FIAMM Energy Technology SpA 12.5.1 Key facts 12.5.2 Description of the activity 12.5.3 Products and services 12.5.4 Finances Presentation 12.5.5 SWOT analysis 12.5.6 Key developments 12.6 GS Yuasa International Ltd. 12.6.1 Facts 12.6.2 Description of the activity 12.6.3 Products and services 12.6.4 Financial presentation 12.6.5 SWOT Analysis 12.6.6 Key developments 12.7 leoch International Technology Limited Inc 12.7.1 Key facts 12.7.2 Description of the activity 12.7.3 Products and services 12.7.4 Financial presentation 12.7.5 SWOT analysis 12.7.6 Key developments 12.8 NorthStar Group Services, Inc. 12.8.1 Key facts 12 .8.2 Business description 12.8.3 Products and services 12.8.4 Financial presentation 12.8.5 Analysis SWOT 12.8.6 Key developments 12.9 Schneider Electric SE 12.9.1 Key facts 12.9.2 Description of the activity 12.9.3 Products and services 12.9.4 Financial presentation 12.9.5 SWOT analysis 12.9.6 Key developments 12.10 Vertiv Group Corporation 12.10.1 Fa its key 12.10.2 Description of the activity 12.10.3 Products and services 12.10.4 Financial presentation 12.10.5 SWOT analysis 12.10.6 Key developments 13. Appendix 13.1 About the Publisher 13.2 Word Index For more information on this report, visit https://www.researchandmarkets.com/r/mlyz52 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press @ researchandmarkets .com For EST office Hours of operation Call 1-917-300-0470 For US / CAN Toll Free 1-800-526-8630 For GMT office hours call + 353-1-416 -8900


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Google will require Android developers to disclose their privacy data https://kinoobzor.net/google-will-require-android-developers-to-disclose-their-privacy-data/ https://kinoobzor.net/google-will-require-android-developers-to-disclose-their-privacy-data/#respond Thu, 06 May 2021 17:34:22 +0000 https://kinoobzor.net/google-will-require-android-developers-to-disclose-their-privacy-data/

GlobeNewswire

Global UPS Battery Market Forecast to 2028 – Impact and Analysis of COVID-19

Dublin, May 7, 2021 (GLOBE NEWSWIRE) – The “UPS Battery Market Forecast to 2028 – COVID-19 Impact and Global Analysis by Product Type (Lead-Acid, Lithium-Ion, and Other Product Types) and Application (Commercial, Residential and other applications) “has been added to the offering of ResearchAndMarkets.com. The global UPS battery market was valued at US $ 695.6 million in 2020 and is expected to reach US $ 1,475.7 million by 2028; it is expected to grow at a 10.6% CAGR from 2021 to 2028. The battery is one of the crucial components of an uninterruptible power supply (UPS). The UPS battery is responsible for the long life and good UPS performance. Thus, regular battery maintenance is essential. Lithium-ion (Li-ion), lead-acid and nickel-cadium are the main types of UPS batteries available to the consumer community. end users, from the commercial sector to the industrial sector. With the growing number of large data centers in the business sector, electrical devices and gadgets such as computers, critical infrastructure or industrial processes, UPS adoption is booming, further boosting the reach of UPS batteries . In addition, with the increase in critical facilities and industries using data centers, the demand for UPS battery solutions that offer superior reliability, safety and performance is also increasing. The UPS depends on having the right batteries, the correct configuration and their conservation. An end user may need a corporate power server, manage an entire building, or protect sensitive drugs that are stored at very specific temperatures. Grid storage, residential grid storage, and electric vehicles are among the other applications using UPSs, which are also expected to power the production and sales cycle of UPS batteries. India, Brazil, Russia, United Kingdom, France, Spain and Italy are among the countries most affected by the COVID-19 epidemic. The epidemic is negatively affecting industries around the world. In addition, the global economy experienced a slowdown in 2020 and also impacted the first quarter of 2021. The pandemic has disrupted UPS battery operations and supplies around the world. Market players have seen disruption in their operations, and this is expected to have consequences until mid-2021. The global energy and power industry is one of the major industries suffering severe disruption due to the COVID-19 pandemic which is hampering the growth of the global UPS battery market. Factory closures, travel bans, trade bans, and border lockdowns to combat and contain the outbreak have negatively impacted the UPS battery market.The overall size of the UPS battery market has been calculated using using both primary and secondary sources. To begin the research process, extensive secondary research was conducted from internal and external sources in order to obtain qualitative and quantitative information related to the market. The process also serves to get an overview and forecast for the UPS battery market with respect to all the segments belonging to the region. In addition, several primary interviews were conducted with participants and industry commentators to validate the data, as well as to gain more analytical information on the topic. Participants in this process include industry experts such as vice presidents, business development managers, business intelligence managers and national sales managers, as well as external consultants such as valuation experts, analysts. researchers and key opinion leaders, specializing in the UPS battery market. CSB Energy Technology Co., Ltd .; East Penn Manufacturing Company; EATON Corporation; Exide Industries Ltd .; FIAMM Energy Technology SpA; GS Yuasa International Ltd .; Leoch International Technology Limited; North Star; Schneider Electric SE; and Vertiv Group Corp are among the prime market players presented during the market research Reasons to Buy Save and reduce time in entry-level research by identifying growth, size, leading players and segments of the global UPS battery market. In order to help companies realign their business strategies, the key findings and recommendations highlight crucial progressive industry trends in the global UPS Battery Market, thereby enabling value chain players to develop effective strategies to long term. and emerging markets Take an in-depth look at global market trends and prospects, as well as the factors that drive the market, as well as those that hinder it Improve the decision-making process by understanding the strategies that drive the interest commercial with regard to customer products, segmentation, pricing and distribution Topics covered: 1. Introductio n 1.1 Scope of the study 1.2 Focus of the report 1.3 Market segmentation 2. Key points to remember 3. Methodology of research 3.1 Coverage 3.2 Secondary research 3.3 Primary research 4. UPS Battery Market Landscape4.1 Market Overview4.2 PEST Analysis4.2.1 North America – PEST Analysis4.2.2 Europe – PEST Analysis4.2.3 Asia-Pacific – PEST Analysis4.2.4 Middle East & Africa – PEST Analysis4.2.5 America South – PEST4 analysis. 3 Ecosystem Analysis 4.4 Expert Opinion 5. UPS Battery Market – Key Market Dynamics 5.1 Market Drivers 5.1.1 Growing Use of Li-Ion Battery in UPS Systems 5.1.2 Growing Applications of UPS Battery in UPS Systems Data Centers 5.2 Market Constraints 5.2.1 Risk of UPS Battery Outages 5.3 Market Opportunities 5.3.1 Growing UPS Applications in Emerging Economies 5.4 Future Trends 5.4.1 Growing Digitization Fueled by Supportive Government Initiatives 5.5 Impact Analysis drivers and restraints 6. UPS Battery Market – Global Analysis 6.1 UPS Battery Market Overview 6.2 UPS Battery Market – Global Revenue and Forecast to 2028 (USD Million) 6.3 Market Positioning – Five key players 7. UPS Battery Market – By Product Type7.1 Overview7.2 UPS Battery Market, by Product Type (2020 and 2028) 7.3 Lead Acid7.3.1 Overview7.3.2 Lead Acid: UPS Battery Market – Revenue and Forecast to ‘in 2028 (Million US $) 7.4 Li-Ion 7.4.1 Overview 7.4.2 Li-Ion: UPS Battery Market – Revenue and Forecast to 2028 (Million US $) 7.5 Other Product Type 7.5.1 Overview 7.5.2 Other Product Type: UPS Battery Market – Revenue and Forecast to 2028 (USD Million) 8. UPS Battery Market Analysis – By Application8.1 Overview8.2 UPS Battery Market, by Application (2020 & 2028) 8.3 Commercial 8.3.1 Overview 8.3.2 Commercial: UPS Battery Market – Revenue and Forecast to 2028 (USD Million) 8.4 Residential 8.4.1 8.4.2 Residential: UPS Battery Market – Revenue and Forecast to 2028 (USD Million) 8.5 Aut re application 8.5.1 Overview 8.5.2 Other Application: UPS Battery Market – Revenue and Forecast to 2028 (Million US $) 9. UPS Battery Market – Geographic Analysis9.1 Overview9.2 North America: UPS9.3 Europe batteries: UPS9.4 batteries market APAC: UPS9.5 batteries market MEA: UPS9.6 batteries market SAM: UPS10 batteries market. Impact of the COVID-19 pandemic on the UPS battery market 10.1 Overview 10.2 North America 10.3 Europe 10.4 Asia-Pacific 10.5 Middle East and Africa 10.6 South America 11. Landscape Industry Profile 11.1 Overview 11.2 Market Initiative 11.3 New Product Development 12. Company Profiles12.1 CSB Battery Co., Ltd..12.1.1 Key Facts12.1.2 Business Description12.1.3 Products and Services12.1.4 Overview 12.1.5 SWOT Analysis12.1.6 Key Developments12.2 East Penn Manufacturing Company12.2.1 Key Facts12.2.2 Company Description12.2.3 Products and Services12.2.4 Financial Overview12.2.5 SWOT Analysis12.2.6 Key Developments12.3 Eaton Corporation plc12.3.1 Key Facts12. 3.2 Description of the activity 12.3.3 Products and services 12.3.4 Financial overview 12.3.5 SWOT analysis 12.3.6 Key developments 12.4 Exide Industries Limited 12.4.1 Key facts 12.4.2 Description of the activity 12.4.3 Products and services 12.4.4 Financial presentation 12.4.5 SWOT analysis 12.4.6 Development Key facts 12.5 FIAMM Energy Technology SpA 12.5.1 Key facts 12.5.2 Description of the activity 12.5.3 Products and services 12.5.4 Finances Presentation 12.5.5 SWOT analysis 12.5.6 Key developments 12.6 GS Yuasa International Ltd. 12.6.1 Facts 12.6.2 Description of the activity 12.6.3 Products and services 12.6.4 Financial presentation 12.6.5 SWOT Analysis 12.6.6 Key developments 12.7 leoch International Technology Limited Inc 12.7.1 Key facts 12.7.2 Description of the activity 12.7.3 Products and services 12.7.4 Financial presentation 12.7.5 SWOT analysis 12.7.6 Key developments 12.8 NorthStar Group Services, Inc. 12.8.1 Key facts 12 .8.2 Business description 12.8.3 Products and services 12.8.4 Financial presentation 12.8.5 Analysis SWOT 12.8.6 Key developments 12.9 Schneider Electric SE 12.9.1 Key facts 12.9.2 Description of the activity 12.9.3 Products and services 12.9.4 Financial presentation 12.9.5 SWOT analysis 12.9.6 Key developments 12.10 Vertiv Group Corporation 12.10.1 Fa its key 12.10.2 Description of the activity 12.10.3 Products and services 12.10.4 Financial presentation 12.10.5 SWOT analysis 12.10.6 Key developments 13. Appendix 13.1 About the Publisher 13.2 Word Index For more information on this report, visit https://www.researchandmarkets.com/r/mlyz52 CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press @ researchandmarkets .com For EST office Hours of operation Call 1-917-300-0470 For US / CAN Toll Free 1-800-526-8630 For GMT office hours call + 353-1-416 -8900


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EnerVest, private equity specialist in shale, lays off 111 workers https://kinoobzor.net/enervest-private-equity-specialist-in-shale-lays-off-111-workers/ https://kinoobzor.net/enervest-private-equity-specialist-in-shale-lays-off-111-workers/#respond Mon, 03 May 2021 16:32:58 +0000 https://kinoobzor.net/enervest-private-equity-specialist-in-shale-lays-off-111-workers/

(Bloomberg) – EnerVest Ltd., a private equity firm specializing in shale drilling, has laid off 111 people at its Houston headquarters, citing “tough times for the industry.”

The job cuts were made “in an effort to resize our business and secure a prosperous future,” company spokeswoman Lindsey Welch said on Monday.

Private equity firms that have been instrumental in the rapid expansion of shale exploration for more than a decade have seen their business models evaporate after back-to-back oil crises scared investors and drained the asset market. . Publicly traded drillers who were once keen to take ownership of oil and gas properties assembled by private donors are instead focusing on conserving cash flow and limiting production growth.

EnerVest sold its Eagle Ford Shale wells and drilling rights in 2018 for $ 2.4 billion in a transaction that created Magnolia Oil & Gas Corp. Under the terms of the agreement, EnerVest was operating the assets on behalf of Magnolia, which is run by former Occidental Petroleum Corp Chief Executive Officer Stephen Chazen. A spokesperson for Magnolia declined to comment.

(Add details of the pressure on private drillers in the third paragraph.)

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Central and Eastern European Markets – Crown corporations, forint stable as PMI data points to manufacturing growth https://kinoobzor.net/central-and-eastern-european-markets-crown-corporations-forint-stable-as-pmi-data-points-to-manufacturing-growth/ https://kinoobzor.net/central-and-eastern-european-markets-crown-corporations-forint-stable-as-pmi-data-points-to-manufacturing-growth/#respond Mon, 03 May 2021 09:30:05 +0000 https://kinoobzor.net/central-and-eastern-european-markets-crown-corporations-forint-stable-as-pmi-data-points-to-manufacturing-growth/

Bloomberg

US Jobs Recovery After Crisis Looks Strong: Eco Week

(Bloomberg) – The U.S. economy likely saw another bumper month of hiring in April, consistent with other reports that suggest growth momentum is developing in the wake of the coronavirus crisis. Wages may have increased of 978,000, according to economists’ median estimate, above the 916,000 gain in March, while unemployment is seen falling below 6%. The Ministry of Labor report on Friday will close another data-packed week that also includes April surveys of manufacturers and service providers. Leovid-19 vaccination rates continue to climb, while the Biden administration is eager to keep federal spending open to the addition. more fuel for economic recovery. Last week, the government said the economy grew at an annualized rate of 6.4% in the first quarter, boosted by the second-fastest household spending rate since the 1960s. workforce. Manufacturers alone are expected to have added around 60,000 in April, the most in 10 months.Read more: Jobs rebound around the world, but it’s still a long way back for some Even with an increase of almost one million jobs in April, the payroll will be around 7 million. shy of their pre-pandemic level, one reason Federal Reserve policymakers kept their benchmark interest rate near zero during last week’s meeting. emerging from the 2007-2009 recession. For this reason, Powell has expressed a desire to see a “series” of jobs reports similar to March to be convinced that the economy is on a sustainable path. April’s gain of around $ 1 million is a start, to be sure, but a far cry from what FOMC centrists might consider a “chord.” – Carl Riccadonna, Yelena Shulyatyeva and Andrew Husby. For a full analysis, click here. Elsewhere, decisions by central banks in Brazil, Turkey and the UK will be among the highlights of the week. Canada is also releasing its jobs report in April, click here to see what happened over the past week and here’s our summary of what’s happening in the global economy. Global demand. Korea’s CPI could accelerate further, although oil prices higher from last year’s nadir may overestimate the strength of the overall trend. Japan will exit its Golden Week holiday on Thursday with the minutes from the BOJ’s March meeting which will offer more details on the thinking behind. The Reserve Bank of Australia is meeting on Tuesday and is expected to keep its stimulus parameters unchanged, then release updated economic forecasts on Friday that will have to recognize the better job prospects while dispelling any notion of tapering. Thailand sets interest rates on Wednesday and Malaysia on Thursday – both are widely considered to be on hold for now. the currency zone could prove to be the main highlights for the week ahead, the most important of which is the Bank of England, which is expected to raise growth forecasts on Thursday after the most advanced vaccination schedule in the region has put Britain on track to reopen much of the currency area. economy in the coming months. This could portend a future decision to cut monetary stimulus later this year. On the same day in Norway, attention will likely focus on whether the Norges Bank will signal a rate hike as early as September to slow the price recovery. housing in the economy. the central bank is expected to leave its benchmark unchanged for a second meeting. Rising inflation and the promise to keep rates above price hikes will keep the central bank from relaxing as the country’s political leadership wants. Policymakers in Eastern Europe also seem reluctant to increase borrowing costs. In Poland, no change is expected despite a pickup in inflation, while in the Czech Republic officials have already said rate hikes planned for this year could come later than expected. In South Africa, Moody’s Investors Service is expected to issue a rating review on Friday after downgrading the country to Ba2 with a negative outlook in November. The rating firm said in February that it expected a slower pace of fiscal consolidation and larger deficits than the government, and that risks to debt accessibility remain high. Colombia releases minutes of its April 30 central bank meeting on Monday, where policymakers kept the key rate at 1.75%, followed by April inflation data on Wednesday Brazil releases data on Wednesday industrial production rate in March before attention turned to the meeting of the central bank’s monetary policy committee, known as “Copom”. Since 1999, the institution’s decisions match survey medians about 75% of the time, but under current President Roberto Campos Neto expectations and results are more frequent. This time, a rate hike to 3.5% is predicted by economists. On Friday, Brazil’s March retail sales report may show significant weakness, while Chile’s April inflation report is expected. see the annual rate slightly above the 3% target. Mexico presents the latest consumer price data ahead of next week’s central bank meeting, where Banxico is expected to hold 4%. For more, read the full week ahead of Bloomberg Economics for Latin America. now to stay one step ahead with the most trusted source of business news. © 2021 Bloomberg LP

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Francisco Partners and TPG close to deal to buy Boomi from Dell, says DJ https://kinoobzor.net/francisco-partners-and-tpg-close-to-deal-to-buy-boomi-from-dell-says-dj/ https://kinoobzor.net/francisco-partners-and-tpg-close-to-deal-to-buy-boomi-from-dell-says-dj/#respond Sun, 02 May 2021 23:25:51 +0000 https://kinoobzor.net/francisco-partners-and-tpg-close-to-deal-to-buy-boomi-from-dell-says-dj/

Bloomberg

US Jobs Recovery After Crisis Looks Strong: Eco Week

(Bloomberg) – The U.S. economy likely saw another bumper month of hiring in April, consistent with other reports that suggest growth momentum is developing in the wake of the coronavirus crisis. Wages may have increased of 978,000, according to economists’ median estimate, above the 916,000 gain in March, while unemployment is seen falling below 6%. The Ministry of Labor report on Friday will close another data-packed week that also includes April surveys of manufacturers and service providers. Leovid-19 vaccination rates continue to climb, while the Biden administration is eager to keep federal spending open to the addition. more fuel for economic recovery. Last week, the government said the economy grew at an annualized rate of 6.4% in the first quarter, boosted by the second-fastest household spending rate since the 1960s. workforce. Manufacturers alone are expected to have added around 60,000 in April, the most in 10 months.Read more: Jobs rebound around the world, but it’s still a long way back for some Even with an increase of almost one million jobs in April, the payroll will be around 7 million. shy of their pre-pandemic level, one reason Federal Reserve policymakers kept their benchmark interest rate near zero during last week’s meeting. emerging from the 2007-2009 recession. For this reason, Powell has expressed a desire to see a “series” of jobs reports similar to March to be convinced that the economy is on a sustainable path. April’s gain of around $ 1 million is a start, to be sure, but a far cry from what FOMC centrists might consider a “chord.” – Carl Riccadonna, Yelena Shulyatyeva and Andrew Husby. For a full analysis, click here. Elsewhere, decisions by central banks in Brazil, Turkey and the UK will be among the highlights of the week. Canada is also releasing its jobs report in April, click here to see what happened over the past week and here’s our summary of what’s happening in the global economy. Global demand. Korea’s CPI could accelerate further, although oil prices higher from last year’s nadir may overestimate the strength of the overall trend. Japan will exit its Golden Week holiday on Thursday with the minutes from the BOJ’s March meeting which will offer more details on the thinking behind. The Reserve Bank of Australia is meeting on Tuesday and is expected to keep its stimulus parameters unchanged, then release updated economic forecasts on Friday that will have to recognize the better job prospects while dispelling any notion of tapering. Thailand sets interest rates on Wednesday and Malaysia on Thursday – both are widely considered to be on hold for now. the currency zone could prove to be the main highlights for the week ahead, the most important of which is the Bank of England, which is expected to raise growth forecasts on Thursday after the most advanced vaccination schedule in the region has put Britain on track to reopen much of the currency area. economy in the coming months. This could portend a future decision to cut monetary stimulus later this year. On the same day in Norway, attention will likely focus on whether the Norges Bank will signal a rate hike as early as September to slow the price recovery. housing in the economy. the central bank is expected to leave its benchmark unchanged for a second meeting. Rising inflation and the promise to keep rates above price hikes will keep the central bank from relaxing as the country’s political leadership wants. Policymakers in Eastern Europe also seem reluctant to increase borrowing costs. In Poland, no change is expected despite a pickup in inflation, while in the Czech Republic officials have already said rate hikes planned for this year could come later than expected. In South Africa, Moody’s Investors Service is expected to issue a rating review on Friday after downgrading the country to Ba2 with a negative outlook in November. The rating firm said in February that it expected a slower pace of fiscal consolidation and larger deficits than the government, and that risks to debt accessibility remain high. Colombia releases minutes of its April 30 central bank meeting on Monday, where policymakers kept the key rate at 1.75%, followed by April inflation data on Wednesday Brazil releases data on Wednesday industrial production rate in March before attention turned to the meeting of the central bank’s monetary policy committee, known as “Copom”. Since 1999, the institution’s decisions match survey medians about 75% of the time, but under current President Roberto Campos Neto expectations and results are more frequent. This time, a rate hike to 3.5% is predicted by economists. On Friday, Brazil’s March retail sales report may show significant weakness, while Chile’s April inflation report is expected. see the annual rate slightly above the 3% target. Mexico presents the latest consumer price data ahead of next week’s central bank meeting, where Banxico is expected to hold 4%. For more, read the full week ahead of Bloomberg Economics for Latin America. now to stay one step ahead with the most trusted source of business news. © 2021 Bloomberg LP


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Gupta presented the bold plans as the “savior” of steel. He did not deliver https://kinoobzor.net/gupta-presented-the-bold-plans-as-the-savior-of-steel-he-did-not-deliver/ https://kinoobzor.net/gupta-presented-the-bold-plans-as-the-savior-of-steel-he-did-not-deliver/#respond Sun, 02 May 2021 04:00:00 +0000 https://kinoobzor.net/gupta-presented-the-bold-plans-as-the-savior-of-steel-he-did-not-deliver/

(Bloomberg) – In 2017, Sanjeev Gupta was the toast of Whyalla in South Australia, having bought out its decades-old steel plant and announced a more than A $ 1 billion ($ 777 million) upgrade .

His GFG alliance even sponsored the town’s Christmas spectacle, with the steel mogul and his family following Santa’s sleigh through the streets on a chariot called the “Gupta Express.” Expectations rose further when Gupta told an audience including Prime Minister Scott Morrison that he planned to build “one of the largest steel plants in the world” in the city.

But so far there isn’t much to show. Last June, Gupta said he was going back to the drawing board and instead “pivoting” to a green, hydrogen-powered steel plant.

This story of planned salvation and blocked delivery was repeated in the Gupta Steel and Aluminum Empire. The industrialist, once dubbed the “savior of steel” by the British press, is now seeking new sources of financing following the collapse this year of its largest lender, Greensill Capital.

Governments now find themselves contemplating aging assets and the prospect of thousands of job losses. While soaring steel and aluminum prices help boost GFG’s business results, Gupta himself admitted that he was “constantly in a fight” to keep his empire afloat and that “some difficult decisions ”might be necessary.

GFG has faced little to no competition for most of the factories it has acquired over the years, said Robin Bhar, an independent metals industry consultant. “The question is will these then be taken over by the state?”

Paul Myners, a member of the House of Lords, said this week that the cost to the UK taxpayer of the Greensill collapse, including ‘having to save the steel industry from its savior Mr Gupta’, could reach 3 to 5 billion. pound sterling.

GFG takes issue with the account that it was over-promised and under-delivered.

Save jobs

The company “made significant long-term investments in steel and aluminum plants that were either closed, closed or previously deprived of investment,” said a spokesperson for GFG. “In doing so, we saved thousands of industrial jobs that otherwise would have been lost.”

In Whyalla, the federal and South Australian governments were prepared to fund a substantial part of the steel mill’s modernization, on condition that Gupta provided the rest of the money, according to people familiar with the matter. This has not happened, the people said, asking not to be identified because this matter is private.

GFG said discussions about Whyalla’s long-term transformation have been delayed while management has focused on operational improvements. An Australian federal government spokesperson declined to comment on the GFG, citing that the group is subject to legal proceedings in Australia. The South Australian government did not respond to requests for comment.

In 2019, Gupta focused on a debt-financed acquisition of seven steel plants from ArcelorMittal SA. This included the purchase of a Soviet-era steel plant in Romania, which Gupta said he plans to become the flagship of GFG’s efforts to be carbon neutral by 2030. In the Czech Republic, he appeased union hostility saying it would replace the old blast furnaces, according to a person familiar with the matter.

Very indebted

The two factories are now heavily in debt, with a combined negative value of $ 1.6 billion, according to a March 2021 GFG presentation seen by Bloomberg.

GFG said improvements to these factories in Eastern Europe were only offered in 2020 and are still making progress.

This playbook – buying unprofitable assets with the plan to upgrade them, before moving on to the next acquisition – was repeated as Gupta expanded his empire.

In 2016, Gupta purchased the Lochaber aluminum smelter and an adjacent hydroelectric power station in the Scottish Highlands. The acquisition was backed by a Scottish government power purchase guarantee, which the metals tycoon securitized through Greensill for cash. The government stepped in to help and Gupta said it would create an additional 1,000 jobs at the site, in part by building the UK’s largest wheel factory.

Three years later, GFG abandoned the plan, citing a slowdown in the auto industry. Only 44 additional jobs have been created at Lochaber, according to Willie Rennie, Member of the Scottish Parliament.

A spokesperson for GFG said it had announced plans for a new recycling facility at the site, which would create 70 new jobs and replace the original plan.

At Gupta’s very first industrial asset in Newport, Wales, the tycoon said he would increase the plant’s capacity to 2 million tonnes, while installing a state-of-the-art electric arc furnace. Five years later, production is in the hundreds of thousands of tonnes and no new furnace has been installed.

Asked about the delay, the GFG spokesperson said the local unit has hired an equipment supplier to develop longer-term development plans at Newport, which will depend on a competitive investment environment.

Last month, GFG asked the UK government for funding of £ 170m ($ 235m), but the request was turned down. Business Secretary Kwasi Kwarteng told a parliamentary committee last week that it would be “very irresponsible” to give taxpayer money to the group.

The collapse of Lex Greensill’s eponymous company in March put pressure on Gupta’s business, which relied heavily on its funding for a multi-year acquisition spree.

Gupta’s empire, which now spans 30 countries and employs 35,000 people, is left with approximately $ 5 billion in debt to Greensill, but few of the upgrades announced.

As GFG seeks new funding, Gupta said in a podcast published on April 16 that “it’s always a struggle at the moment.”

The challenge could, however, be made easier by soaring steel and aluminum prices which will make the group’s assets more attractive to potential buyers, said Christian Georges, senior analyst at Societe Generale SA.

“Even low-quality ones could find a buyer at a low-end price without governments having to step in,” he said. “Some entrepreneurs or financiers can try it.”

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We need more data to evaluate the Sputnik vaccine – POLITICO https://kinoobzor.net/we-need-more-data-to-evaluate-the-sputnik-vaccine-politico/ https://kinoobzor.net/we-need-more-data-to-evaluate-the-sputnik-vaccine-politico/#respond Thu, 29 Apr 2021 18:14:48 +0000 https://kinoobzor.net/we-need-more-data-to-evaluate-the-sputnik-vaccine-politico/

PRAGUE – The Czech drug regulator does not have enough data to properly assess Russia’s Sputnik V vaccine for clinical trials, its chief said on Thursday.

“We received so little material that we couldn’t say whether we would recommend its use or not,” said Irena Storová, head of the State Institute for Drug Control, in an interview with Radiožurnál. “It was only a fraction of the documentation submitted by default for registration or evaluation of a drug or drug.”

Czech Health Minister Petr Arenberger said earlier this month that Sputnik V could be used in clinical trials to determine its effectiveness. But according to Storová, his agency has yet to receive a request for clinical trials.

The news comes amid growing Czech-Russian tensions. Last week, Prague expelled 60 diplomats and staff from its Russian embassy amid growing deadlock over allegations the Kremlin was behind a deadly 2014 explosion in the Czech Republic.

But it’s also the latest setback in what has been a tough week for the Russian jab. Wednesday, Brazil’s drug regulatory body said he found abnormalities in his Sputnik V samples, which led him to refuse to import the vaccine. This follows a negative review by the Slovak medicines regulator earlier this month, when it said the doses of Sputnik V delivered were different from those provided elsewhere or to the European Medicines Agency.

As a result, Russia has taken back 600 doses of vaccine purchased by Slovakia for further analysis. Hungary, which is the only EU country to have approved Sputnik, is also carrying out tests on behalf of Slovakia.

The Slovak Minister of Health, Vladimír Lengvarský, has says all these tests would take about a month to complete – and that the final decision on whether or not to use Sputnik V would be made once the scans are complete.

Slovakia was deeply divided over the attack in early March, when then Prime Minister Igor Matovič unilaterally bought 2 million doses, a move that led to his resignation and demotion to the post. Minister of Finance after a cabinet reshuffle. But so far the new Slovak prime minister, Eduard Heger, has said he will stay with Sputnik.


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