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I bought Ford stock for my son at $11 before Q2 earnings (NYSE:F)

John Hetfleisch

Thesis

We have a young child and have created a small UTMA (Uniform Transfers To Minors) account for him. We have set up limit buy orders for Ford (NYSE:F) in this account at $11 (corresponding to a FW PE only about 6.2x as you can see from the table below). And in the last few weeks, these orders have been triggered and we have accumulated some actions.

And that brings me to the thesis of this article – the developments that squeezed F prices down to as little as $11. There are indeed some headwinds, fairly strong headwinds, horizontally. And you’ll see that the difficult environment in China is one of the main ones, followed by raw material costs and global supply chain disruptions. In addition, there is also the possibility of an 8,000 layoff as mentioned in a Bloomberg report (unconfirmed by F though). These are things I will be looking forward to hearing from management during the Q2 report.

However, for accounts (like our UTMA account) that can wait out these short-term issues, F’s current conditions will offer favorable return potential even if he loses half of his earnings, as shown below.

Ford Engine PE Report

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Our UTMA account holdings

More details about our UTMA can be found in our recent article or on this Fidelity page (where our account is). In case this interests you, the key considerations for us to have such an account boil down to 3 buckets. First and foremost, provide a nest egg for our son. Second, use it as a teaching tool for him to learn about investing and financial responsibility (it’s a wish and we’ll see how it turns out when he’s old enough). And finally, it offers certain tax advantages and the time horizon to accommodate more aggressive investment ideas. Our current holdings are listed below. A few comments :

  1. Due to our relatively small account size and time horizon, we hold an even more concentrated portfolio than our other accounts. You need to adjust your diversification and exposure accordingly.
  2. For performance tracking purposes, I used prices from July 11, 2022 (when I first published this portfolio) on SA as the entry price. This makes it easier for readers to check and track its performance even if I have held certain stocks for a while. It has led SPY by a small margin of 2.9% since then, adjusted for dividends.
  3. The actual size of our portfolio is considerably smaller and the starting size of $100,000 for this model portfolio serves only to simplify calculations and remove the role of rounding errors.

Assets in UTMA account

Author

Ford’s second-quarter earnings: China and layoffs take center stage

Management and the market have already worried about the Chinese front. As an example, the following Q&A exchange during its first quarter results reflected these concerns (abbreviated and underlined by me):

Question from Mark Delaney (Goldman Sachs): … we unfortunately had the war and also the new COVID restrictions appear in China. I hope to better understand how Ford always achieves this 10% to 15% growth?

Response from Jim Farley (F CFO): It really comes down to commodities — the semiconductor commodities that have crippled us. We’re obviously spending a lot of money on premium freight and other things to get around China’s COVID escalations.

Response from Hau Thai-Tang (Chief Industrial Platform Officer): Regarding China, we are resizing the Shanghai area. We have about 50 Tier 1 suppliers there. We are focused on our profit pillar vehicles and, as Jim mentioned, expedited freight optimization. We have secured fast ocean shipping as well as airlift capability to protect our suppliers. And then they’re just starting to have a whitelist process to allow vendors to resume production. We are therefore working with our teams on the ground in China to help these suppliers become partially operational.

However, despite management’s efforts, Ford China’s most recent results turned out to be even worse than expected. It reported the worst quarter in its history since the first quarter of 2020 (the peak of the COVID pandemic in China) with a 22% drop in vehicle sales. It only sold 120,000 vehicles in Greater China due to COVID-induced lockdowns and ongoing global supply chain issues.

Meanwhile, a Bloomberg report recently mentioned that F could cut up to 8,000 jobs in the near future. Citing comments provided by people familiar with the plan, the report added that the motivation for the layoff is to increase profits to fund its push into the electric vehicle market.

I will of course be eager to hear management’s comments on such a plan during the Q2 report. If the plan is confirmed, I feel sorry for the people who are about to be fired. However, for the company itself, I wouldn’t be too worried as a long-term investor. As you can see in the following graph, for such a large company, its workforce fluctuated regularly by a few thousand over the long term. And 8K represents about 4% of its average workforce. Moreover, in terms of measures of profitability per employee, F can indeed use some efficiency improvements. As you can see on the second graph compared to its peers, its revenue per employee is lower than GM and its net income for employees is slightly lower than Tesla.

Total number of Ford employees

Looking for Alpha

Ford profitability

Looking for Alpha

Product range

After the bad news, here is the good news. I’m impressed with F’s impressive product lines – an important consideration in my investment thesis. A number of its recent launches have been hugely successful, including iconic new ones such as the Bronco, Bronco Sport, Maverick. At the same time, it also offers a range of rugged electric vehicles, including the Mustang Mach-E, E-Transit and F-150 Lightning. Consumers love these products. For example, the F-150 has just started full production and has received over 200,000 reservations. As another example, Consumer Reports chose the Ford Mustang Mach-E as its first choice of electric vehicle to replace the Tesla Model 3.

Mustang Mach-E

Income Report F

Ford Stock – Valuation and Expected Return

On expected valuations and returns. As detailed in our previous article, in the long run,

Return on investment for a business owner is simply the sum of two things: A) the price paid to buy the business and B) the long-term growth rate of the business. Specifically, Part A is determined by the Owner’s Yield (“OEY”) when we purchased the business. And part B, the long-term growth rate, is governed by the ROCE (return on capital employed) and the reinvestment rate.

F’s ROCE averages 40.5%, as you can see in the first chart below. And as mentioned above, its current FW PE is only around 6.7x. Using its FW EPS as a proxy for its owners’ earnings, its OEY is over 14.9%. Assuming a sustainable reinvestment rate of 4%, the long-term growth rate would be around 1.6%. This is the real growth rate, and the nominal growth rate would be higher by indexing to inflation. Thus, the long-term total return at the current valuation would be around 17%, as shown by the blue line and the green symbol in the second chart below. The red line in the graph shows the case where F loses half of its gains permanently. From now on, the OEY will be halved to 7.4%. Adding the new OEY to the growth rate would still give us a double-digit long-term return.

Ford ROCE

Author

Ford's long-term ROI

Author

Final thoughts and other risks

For F, the gap between its long-term outlook and its current valuation is too big to ignore. Certainly, there are indeed some speed bumps in the near future. But for accounts that can wait for short-term swings, it’s a good investment that offers favorable odds for a double-digit return even if it loses half of its earnings.

In the near term, besides the challenges in China and the layoff plan, there are a few other risks that I would pay particular attention to in the second quarter. A key assumption in F’s forecast involves pent-up demand beyond its bank of orders. This is a key assumption that needs to be rechecked given the new macroeconomic developments of recent months. Next is commodity prices and inflation. F expected commodities to cause a headwind of about $4 billion in the first quarter. As inflation showed no signs of slowing down in Q2, this is another assumption that needs to be rechecked in Q2.

KIOXIA Introduces New Levels of Performance with Enterprise NVMe SSD Family Designed with PCIe 5.0 Technology

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SAN JOSE, Calif.–(BUSINESS WIRE)–In another movement that offers next-generation performance levels to enterprise data centers, KIOXIA America, Inc. today announced that its CM7 series enterprise NVMe® SSDs are now shipping to select customers. Optimized for the needs of high-performance, highly efficient servers and storage, the CM7 family is designed with PCIe® Technology 5.0 in Enterprise and Datacenter Standard Form Factor (EDSFF) E3.S and 2.51– inch form factor.

After introducing the industry’s first EDSFF drives designed with PCIe 5.0 technology2 last year, the addition of the CM7 family strengthens KIOXIA’s leadership position and enables OEM customers to offer best-in-class performance3 to end users: the CM7 series almost saturates the PCIe 5.0 interface at a read rate of 14 gigabytes/s.

“PCIe 5.0 will deliver new levels of performance and usher in a wave of SSDs in the EDSFF form factor, helping to replace the 2.5-inch form factor for servers and storage,” said Jeff Janukowicz, vice president of research at IDC. “We expect the EDSFF form factor to reach over 50% of enterprise SSD shipments by 2026. With the new CM7 series SSD family, KIOXIA is well positioned to capitalize on the transition to EDSFF .”

The CM7 series is designed with extensive data integrity protection, a host of security and availability features, and supports the most demanding mission-critical workloads.

CM7 Series highlights include:

  • EDSFF E3.S and 2.5-inch 15mm Z-height form factors designed to NVMe 2.0 and PCIe 5.0 specifications

  • SFF-TA-1001 capable of supporting Universal Backplane Management (also known as U.3) compatible systems

  • Read intensive capacities (1 DWPD) up to 30.72 TB4

  • Mixed use (3 DWPD) capacities up to 12.80 TB

  • Dual port design for high availability applications

  • Flash Die Failure Protection maintains complete reliability in the event of a chip failure

  • Advanced feature support – SR-IOV, CMB, multi-stream writes, SGL

  • TCG-Opal SED feature set designed to be FIPS 140-3 compliant

“Applications such as AI, ML, and data analytics continue to drive the need for higher performance from the underlying storage stack, so users can access, process, and manage data quickly, efficiently, and in real time,” commented Neville Ichhaporia. , Vice President of SSD Marketing and Product Management, KIOXIA America, Inc. “Our CM7 Series SSDs with PCIe 5.0 technology were designed to meet the demands of next-generation use cases. CM7 not only doubles the performance over the previous generation, but also offers an expanded set of form factor options, larger capacities, and premium features for our enterprise server and storage customers.

For more information, visit www.kioxia.com.

About KIOXIA America, Inc.

KIOXIA America, Inc. is the US subsidiary of KIOXIA Corporation, one of the world’s leading suppliers of flash memory and solid state drives. From the invention of flash memory to today’s revolutionary BiCS FLASH™ 3D technology, KIOXIA continues to pioneer innovative memory, SSD and software solutions that enrich people’s lives and expand the horizons of society. The company’s innovative 3D flash memory technology, BiCS FLASH, is shaping the future of storage in high-density applications including advanced smartphones, PCs, SSDs, automotive and data centers. For more information, visit KIOXIA.com.

© 2022 KIOXIA America, Inc. All rights reserved. The information in this press release, including product prices and specifications, service content and contact information, is current and believed to be accurate as of the date of the announcement, but is subject to change without notice. . The technical and application information contained herein is subject to the latest applicable KIOXIA product specifications.

Remarks:

1: In 2.5 inch U.3 connectivity, the transfer speed will be limited to PCIe Gen4. 2.5 inches indicates the form factor of the SSD, not its physical size.

2: As of November 8, 2021

3: As of July 15, 2022, based on a survey by KIOXIA Corporation of publicly available information

4: Maximum capacity in E3.S is 15.72 TB

The NVMe and NVMe-oF word marks are registered and unregistered trademarks and service marks of NVM Express, Inc. in the United States and other countries. Unauthorized use strictly prohibited.

PCI Express and PCIe are registered trademarks of PCI-SIG.

All other company names, product names and service names may be trademarks of their respective companies.

DWPD: Disk write(s) per day. One full disk write per day means the disk can be written to and rewritten at full capacity once a day for five years, the stated product warranty period. Actual results may vary due to system configuration, usage and other factors. Read and write speed may vary depending on host device, read and write conditions and file size.

Capacity definition: KIOXIA Corporation defines megabyte (MB) as 1,000,000 bytes, gigabyte (GB) as 1,000,000,000 bytes, and terabyte (TB) as 1,000,000,000,000 bytes. A computer operating system, however, reports storage capacity using powers of 2 for the definition of 1 GB = 2^30 bits = 1,073,741,824 bits, 1 GB = 2^30 bytes = 1,073,741,824 bytes and 1TB = 2^40 bytes = 1,099,511,627,776 bytes and hence shows less storage capacity. Available storage capacity (including examples of various media files) will vary depending on file size, formatting, settings, software and operating system and/or pre-installed software applications or media content. Actual formatted capacity may vary.

Companies are expected to pay a record amount of dividends this year. How to play it

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CME Group announces Record Cop

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CHICAGO, July 25, 2022 /PRNewswire/ — CME Group, the world’s leading derivatives exchange, today announced that open interest in copper options has exceeded 100,000 contracts on July 21, 2022reaching an all-time high after several consecutive record days of open interest throughout the week.

“Considered as an indicator of the global economy, market users are turning to our copper options to manage risk as expectations of an economic slowdown continue to rise,” said Jin Chang, Global Head of Metals at CME Group. “Our clients clearly appreciate the defined risk/reward structure of our copper options which provide an effective means of managing adverse price movements as evidenced by recent volume and open interest. We look forward to continuing to provide improved solutions in global base metals markets.”

Four of the top five open interest registrations have occurred in the past five trading days, including:

  • Monday July 18: 97,496 contracts
  • tuesday july 19: 97,593 contracts
  • Wednesday July 20: 99,837 contracts
  • Thursday July 21: 100,632 contracts

Copper Option contracts are listed and subject to COMEX rules. For more information, please visit here.

About CME Group
As the world’s leading derivatives market, CME Group (www.cmegroup.com) enables clients to trade futures, options, spot and over-the-counter markets, optimize portfolios and analyze data, enabling market participants around the world to efficiently manage risks and seize opportunities. CME Group exchanges offer the broadest range of global benchmark products across all major asset classes based on interest rate, stock indices, exchange, energy, agricultural production and metals. The Company offers futures contracts and options on futures contracts through the CME Globex®, fixed income trading via BrokerTec and currency trading on the EBS platform. In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex and E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc. COMEX is a trademark of Commodity Exchange, Inc. BrokerTec and EBS are trademarks of BrokerTec Europe LTD and EBS Group LTD, respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are services and/or registered trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor’s Financial Services LLC and S&P/Dow Jones Indices LLC, as applicable, and have been licensed licensed for use by Chicago Mercantile Exchange Inc. All other marks are the property of their respective owners.

CME-G

Show original content:https://www.prnewswire.com/news-releases/cme-group-announces-record-copper-options-open-interest-301591957.html

SOURCE CME Group

Timber prices are set for a reshuffle and trading volume is seen to soar

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  • CME Group is launching a new timber futures contract that could dampen price volatility and increase trading volume.
  • From next month, new contracts will offer a quarter of the amount of wood.
  • This will allow trucks to make deliveries, instead of just wagons, opening up the possibility for more trades.

Lumber prices have been on a meteoric rise over the past few years, but may soon become less volatile, although trading volumes are expected to soar.

Like other commodities, timber prices have fluctuated wildly since the pandemic. They crashed below $300 per thousand board feet in early 2020, jumped to $1,000 later that year, crashed again, topped $1,700 in May 2021, fell back , rebounded to near $1,500 in March this year, plunged further and are now below $600 as the housing market slows.

Earlier this year, major lumber futures were so wild that they regularly hit their daily price triggers, freezing trades for the rest of the session and prompting the industry to look for ways to make the market more liquid.

Today, CME Group is launching a new timber futures contract August 8 which aims to make deliveries easier and attract more participants, potentially smoothing prices with a number of changes.

Among them, allowing trucks to fulfill contracts, instead of just wagons. For reference, a truck can carry enough lumber for two houses, while a wagon can carry enough for eight, lumber dealer Stinson Dean told Insider.

Since the trucks carry about a quarter of the amount of timber, the new futures contract gives more buyers the opportunity to cover small projects that did not match the size of the old contract, he said. he stated by e-mail.

A contract for a quarter of the amount of timber, in theory, should quadruple the volume of trade. But Dean said that’s likely just the baseline, and projected volumes could grow eight or tenfold “as more timber futures watchers become confident traders on timber futures”.

Additionally, lumber purchased through the new contracts will arrive in Chicago rather than a remote Canadian outpost, providing a more central trading destination accessible to a wider range of buyers.

And CME’s new specifications will also allow for new types of wood, including eastern species of spruce, pine and fir, rather than just timber harvested in the West.

Dean expects lumber to become less volatile and trade sideways the rest of the year. But the new futures contract is perfectly suited to a slowing real estate market, he added.

“As the price and activity go down, people will want to buy as little as possible, and the new contract allows them to buy a quarter of the amount in one contract compared to the old contract,” he said. he declares.

Packers revenue hits record $579 million as fans return in 2021 – Sportico.com

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The Green Bay Packers announced record financial results on Friday as fans returned to NFL stadiums in full force after the COVID-disrupted 2020 season. The team’s total revenue for the 12 months ending March was $579 million, surpassing the previous record of $507 million in 2019.

Local revenue soared to $232m from $62m as an average of 78,000 fans – the second highest in professional football – attended games at Lambeau Field, after no fans licensed in 2020. Local revenue is generated from tickets, luxury suites, sponsorships and merchandise. It was $211 million in 2019 in the NFL’s smallest market, which far exceeds its weight in the league’s financial hierarchy, thanks to a passionate fanbase and rich heritage as a franchise. Team president Mark Murphy said the Packers typically rank eighth through tenth in local revenue.

National income was $347 million, up 12% from $309 million a year earlier. Sportico reported last week that NFL teams have also distributed $11.1 billion of domestic media rights, league sponsorships and shared revenue and royalties. Shared money represents more than 60% of the NFL’s total revenue.

The league’s media deals with ESPN, Fox, CBS and NBC make up the bulk of 50-50 revenue, but teams benefited from sponsor revenue, which rose 23%, according to sponsor tracking firm IEG. . It will easily top $400 million when the NFL’s next round of television deals kicks off in 2023.

“The scenario for our finances from a year ago is back to normal,” Murphy said on a Zoom call discussing the results.

The Packers posted a record operating profit of $77.7 million with fans returning to Lambeau. Lower local revenue in 2020 resulted in a loss of $38.8 million. The previous record of $75 million was for the 2015 season.

The Packers are the only public non-profit corporation in the NFL. The club completed its sixth stock sale in February, selling shares for $300 each. It added 176,000 new shareholders and raised $64.7 million to fund ongoing construction projects at Lambeau Field, including new video panels and hall improvements. The sale brought the total number of shareholders to 539,000, with 17% based in Wisconsin. Shares do not appreciate, do not pay dividends and cannot be resold.

“Maintaining our stadium as a premier facility that serves as a year-round destination contributes to the enduring success of the franchise and our community,” Murphy said when announcing the results of the sale.

The team’s rainy day fund stood at more than $500 million at the start of the year, but fell to $440 million with the stock market tumult. Murphy said the team has invested $467 million in stadium-related projects since 2011, including its Titletown mixed-use development.

In March, the Packers lost to the Detroit Lions to host the 2024 NFL Draft. Murphy said the team would bid for the 2025 and 2027 draft.

Sportico valued the team at $3.51 billion last year, 15th in the NFL.

ESG reporting will create competitive advantage

By Punit Renjen

Environment, Social and Governance. ESG. This three-letter acronym now dominates the conversation among government, business and community leaders. And with good reason.

The urgency around issues such as climate change, access to education and health equity has propelled ESG to the forefront of corporate agendas and strategies. In India and around the world, disclosure requirements, which compel companies to identify and report their ESG responsibilities, have become more uniform and consistent, a testament to this long-awaited (and, in my view, much-needed) change. .

Effective this fiscal year, the Securities and Exchange Board’s (SEBI) new reporting format – Business Responsibility and Sustainability Report (BRSR) – came into effect. BRSR will allow the top 1,000 listed entities by market capitalization to voluntarily disclose their compliance with various ESG measures for FY22, and on a mandatory basis from FY23.

Although India gets a one year dress rehearsal, I think all organizations – whether they are in the top 1000 or not – should strive to join the BRSR and go beyond , as soon as possible. Not just because the new requirements will mean that ESG performance data will be available and comparable to everyone, but because it’s the right thing to do and the right thing to do for business.

Adapting to a new regulatory framework is a significant change and a challenge. But there are three steps leaders can take now to ease the transition.

First, perspective is key. Business leaders should view disclosure standards not as a compliance requirement, but as the structure around which strong businesses are built. The reality is that businesses often thrive when they are designed to create social value alongside financial value. Research continues to confirm this. Example: Over a 12-year period, the MSCI India ESG leaders index has consistently outperformed the broader market, represented by the MSCI India Investable Market Indexes (IMI), and their lead has widened. These results are testament to the fact that when companies choose ESG as a central part of their operational strategy, they not only improve their own performance, but they also position themselves more effectively with their customers, communities and business partners. This creates a halo effect that underpins their “social license to operate” and can even help attract and retain talent.

Second, be transparent and accountable. Companies can and should increase transparency by linking their reports to real-world issues and disclosing the impact they aim to achieve. For example, sharing ESG metrics on the financial impact of climate change. This allows investors to make decisions based on complete and comparable information. And that, of course, can have a positive impact on a company’s reputation. By providing financial markets with the right information, companies can build confidence that money is flowing where it is needed to build resilience and reduce emissions.

This level of transparency also has significant implications for the cost of doing business. Companies that are exposed to long-term climate-related risks may see their operating costs increase, while companies developing climate risk mitigation strategies could gain access to cheaper capital. We have seen this with the increase in sustainability-linked lending; loans granted to companies at a reduced rate if they meet bespoke sustainability objectives. A key priority for leaders is to support their ESG initiatives and aspirations with real investments. Show that they act on their data. It provides an assessable framework and is part of the feedback strategy that places ESG at the heart of the business.

Third, report above the minimum. The guidelines should be considered as a reference; organizations need to be bold. Going beyond the requirements will help give Indian organizations greater access to capital and greater competitive advantage. This could help boost India’s private investment cycle.

Several leading global reporting frameworks, such as the WEF’s Stakeholder Capitalism Measures, which Deloitte helped develop, involve significant investor involvement in their formulation. Additionally, more and more asset managers have launched ESG funds, which use ESG performance as a key element in making investment decisions. This is reflected in the different green financial products and instruments (equities, loans, bonds) that have evolved and the growing size of their market. By going beyond the requirement and understanding other global standards, businesses can open up to a growing pool of capital.

Right now, the momentum around ESG is high. This is where business is headed. And I think it’s critical that Indian organizations seize this moment to embrace ESG and make it a core part of their business. This will not only help secure their own future, but also help build a better world for all of us.

(The author is Deloitte’s Global CEO)

Smart Home Market New Innovation Trends, Research, Global Share and Growth Factor – Siemens AG, United Technologies Corp, General Electric Company, Schneider Electric

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Global smart home market 2022, In the projected period of 2022 to 2028, each type gives sales data. The smart home market analysis delves into the characteristics and financials of major market players. This comprehensive research is not only useful for trade analysts but also for any existing or new entrant when developing trade strategies. For the projected period 2022-2028, the study is a unique global analysis of variables such as import and export status, supply chain management, profit and gross margin. The Smart Home Market report includes extensive factual coverage of recent events, such as acquisitions and mergers, as well as company strengths and weaknesses.

Major players in the smart home market.

Siemens AG
United Technologies Corporation
General electricity company
Schneider-Electric
Honeywell International
Ingersoll-Rand PLC
Johnson Controls
ABB
Great
Samsung Electronics
Sharpness marks
Lutron Electronics
Leviton Manufacturing Company
Frequently Asked Questions

Segmentation of product types
Material
Software
Application segmentation
Lighting control
Security and access control
HVAC
Entertainment and other control
Home Care/Smart Kitchen/Home Appliances

The key points of the report:

  1. The report provides a basic overview of the industry including its definition, applications and manufacturing technology.
  2. The report explores the major international and Chinese industry players in detail. In this part, the report presents the company profile, product specifications, capacity, production value and market shares 2017-2022 for each company.
  3. Through the statistical analysis, the report depicts the global total Smart Home industry market including capacity, production, production value, cost/profit, supply/demand and import /Chinese export.
  4. The total market is further divided by company, by country, and by application/type for the competitive landscape analysis.
  5. The report then estimates 2022-2028 market development trends of Smart Home industry. An analysis of upstream raw materials, downstream demand and current market dynamics is also performed.
  6. The report makes some important proposals for a new project in Smart Home Industry before evaluating its feasibility.

Key Highlights of the Smart Home Market Report:

  1. The Global Smart Home Market report is intended to offer an overview of the Smart Home industry supported by in-depth analysis qualitative and quantitative analysis.
  2. The offered smart home market overview includes data provided by influential smart home market players including marketers, business experts, investors, stakeholders and customers.
  3. The objective of the Smart Home market report is to offer a holistic perspective of all participants to young entrepreneurs and marketers.
  4. Drivers and restraints along with trends are majorly discussed in the Smart Home Market report
  5. The global smart home market report also provides an overview of the competitive environment on a global scale.
  6. He explains the market status, share and revenue in the same way new strategies implemented for growth and development to meet current market needs and demands.
  7. The Smart Home Market report identifies the major growth regions with Asia-Pacific to lead during the forecast period.

The Smart Home Market report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, constraints, opportunities and future trends. The report also provides comprehensive PEST analysis for all five regions namely; North America, Europe, Asia-Pacific, South America, Middle East and Africa after evaluating political, economic, social and technological factors affecting the market in these regions.

Reasons to buy this report:

  • Estimates 2022-2028 Smart Home market development trends with recent trends and SWOT analysis
  • Market dynamics scenario, along with market growth opportunities in the coming years
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and political aspects
  • Regional and country level analysis integrating demand and supply forces that are influencing market growth.
  • Market value (Million USD) and volume (Million Units) data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering product offerings, key financial information, recent developments, SWOT analysis and strategies employed by major market players
  • Support for analysts for 1 year, as well as data support in Excel format.

Please click here to purchase the full report @

https://www.qurateresearch.com/report/buy/ICT/global-smart-home-market/QBI-BIS-ICT-1159874

Contents:

Global Smart Home Market Research Report 2022-2028

Chapter 1: Smart Home Industry Overview

Chapter 2: International Market Analysis of Global Smart Home Market

Chapter 3: Environmental Scan of Global Smart Home Market

Chapter 4: Analysis of income by classifications

Chapter 5: Analysis of Revenue by Regions and Applications

Chapter 6: Revenue Market Status Analysis of Global Smart Home Market.

Chapter 7: Major Manufacturers Analysis of Global Smart Home Market Industry

Chapter 8: Sales Price and Gross Margin Analysis

Chapter 9: Marketing Trader or Distributor Analysis of Smart Home Market

Chapter 10: 2022-2028 Smart Home Market Industry Development Trend

Chapter 11: Industry Chain Suppliers of Smart Home Market with contact information

Contact us:
Web: www.qurateresearch.com
E-mail: [email protected]
Telephone: USA – +13393375221, IN – +919881074592

No additional fees to be charged for issuing the boarding pass at the check-in counters

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Airlines cannot charge extra for issuing boarding passes at airport check-in counters, the Civil Aviation Ministry said on Thursday.

“The MoCA (Ministry of Civil Aviation) has learned that airlines charge an additional fee for issuing passenger boarding passes,” the ministry said on Twitter.

This additional amount is not in accordance with the instructions of the provisions of the 1937 Aviation Rules, he said.

Currently, many airlines in India charge passengers a fee for issuing boarding passes at check-in counters. This practice was put in place by airlines with the onset of the pandemic when the government made it mandatory for passengers to check in online.

In May, Aviation Minister Jyotiraditya Scindia replied to a tweet and said he was looking into the issue of airlines charging passengers a fee for issuing boarding passes at check-in counters indoors. terminals.

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RBA scenario means record costs: UBS

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UBS predicted that the Reserve Bank of Australia’s (RBA) rate hike assumptions would lead to an unprecedented surge in payments for households.

The RBA’s scenario of a 300 basis point increase in interest rates by mid-2023 would see interest payments as a share of household income rise from 3.9% of income in the first quarter of 2022 to 9.3% in the fourth quarter of 2023, UBS said.

While interest charges increased more during the 2002-08 tightening cycle (7%), the adjustment was much slower over six years. Thus, the RBA’s scenario (based on market prices) suggests a record rapid increase of 2.5% year-on-year, UBS added.

However, as previously reported Financial standardRBA Deputy Governor Michele Bullock said households are in a fairly good position to weather rising interest rates.

Indeed, “much of the debt is held by high-income households who have the capacity to repay the debt,” Bullock said.

Meanwhile, RBA Governor Phillip Lowe stressed that the RBA was not on a predefined path to achieve neutrality and would instead maintain a flexible inflation targeting framework.

Yesterday Lowe said: ‘We don’t need to bring inflation back to target immediately because we have long had, for good reason, a flexible medium-term inflation target.

“But we need to chart a credible path back to 2-3%.”

Lowe said the RBA was looking for ways to return to the target range in which the economy continues to grow and unemployment remains low. However, he conceded that the road ahead is narrow and clouded by uncertainties.

Lowe went on to admit that he can understand why some people might conclude that too much support has been provided by governments and central banks. Although to his critics, he said to remember the context in which the support was provided.

“At the time the decisions were made, the outlook was dire,” Lowe said.

“In Australia, tens of thousands of people were expected to die, our hospitals were expected to overflow, many people were expected to lose their jobs and deep social and economic scars were anticipated.”

Lowe continued, “In this environment, the RBA had a strong insurance mentality.”

“A lot of other central banks and governments had a similar mindset.”

Clear Sky adds world-renowned energy storage expert to

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VANCOUVER, British Columbia, July 19, 2022 (GLOBE NEWSWIRE) — Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W) (“Clear sky“or the”Company”), a mining exploration and development company focused on US lithium deposits to support domestic demand, is pleased to announce the appointment of Mr. Dave Wright who brings comprehensive and significant expertise in sustainable technologies from energy storage sector.

Mr. Wright is the President of Wright Technical Services, LLC and is a professional with global experience providing extensive support to organizations in the energy storage markets. He is an automotive electronics and electrical systems expert with a career focused on product and technology development. He is a former application engineering manager at large industrial organizations such as Maxwell, Delphi and General Motors.

Company CEO and Director Craig Engelsman notes, “We are delighted to welcome Dave to our growing team here at Clear Sky Lithium. His deep experience in the specialized world of electrical energy storage solutions has a direct impact on our goal of achieving efficient lithium processing capabilities that best meet current and future business demands. Its global industry connections can give us access to information and co-development opportunities that otherwise would not have been available to us. We look forward to working together to help fuel the future of Clear Sky Lithium. »

His roles in the field of energy storage have encompassed product development and application support in supercapacitors, lead acid batteries and e-bikes. He combines a strong systems engineering background with strong business and management acumen to help companies achieve their technology and product development goals.

He has held various leadership roles in a number of industry-leading transactions, including UCAP Power, Inc. as Vice President of Engineering, a company that in July 2021 acquired Korean company Maxwell Technologies (which was previously acquired by TESLA in 2019 for $200 million), and was previously Director, Electronic Technology and Core Modules of Ingersoll Rand’s Specialty Vehicle Technologies segment, known as Club Car, which was sold to Platinum Equity in April 2021 for $1.68 billion.

He then served as Director, Global Application Engineering at Maxwell Technologies, Director, Global Advanced Engineering at Delphi Packard Electric, General Manager at HE Microwave, Engineer at Delco Electronics, and a staff member at General Motors Advanced Engineering.

Mr. Wright holds a BEE from Kettering University (formerly General Motors Institute), an MSEE from Stanford University and an MS in Technology Management from the Sloan School at the Massachusetts Institute of Technology. . He is the co-inventor of 5 US patents.

Clear Sky Lithium advises the public that as part of its disclosure obligations as a public issuer, all filings and regulatory filings may be viewed at www.sedar.com. We also invite the public to visit our website at www.clearskylithium.com and sign up for our “News Alerts” to be notified of future press releases and related company information. Also be sure to watch our video which is available on the website.

On behalf of the Board of Directors,
Sincerely,

~Craig Engelsman~

Craig Engelsman
Chairman and Chief Executive Officer and Director
Clear Sky Lithium Corp.
www.clearskylithium.com

About Clear Sky Lithium Corp. (CSE: POWR) (FRA: K4A / WKN: A3DM2W)
Clear Sky Lithium is an exploration and development company dedicated to advancing North American lithium deposits to support domestic demand. The Company holds interests in the ELi property in Nevada. The Company is also focused on developing clay mining and processing technologies aimed at delivering scalable efficiencies across the value chain in a sustainable manner. To learn more, visit www.clearskylithium.com and watch our video.

Disclaimer Regarding Forward-Looking Information

This press release contains statements and information which, to the extent that they are not historical facts, may constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking information may include financial and other projections, as well as statements regarding future economic plans, objectives or performance, or assumptions underlying any of the foregoing. In some instances, forward-looking statements may be identified by words such as “may”, “would”, “could”, “will”, “likely”, “unless”, “anticipate”, “believe”, “have the ‘intention’, ‘plan’, ‘forecast’, ‘project’, ‘estimate’, ‘prospect’, or their negative form or other similar expressions relating to matters which are not historical facts. Examples of such statements include, but are not limited to, statements regarding the potential benefits to the Company of Mr. Wright’s appointment to its Advisory Board.

Forward-looking information is based on management’s assumptions, estimates, analyzes and opinions made in light of its experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances as of the date such statements are made, but which may prove to be incorrect. Important factors and assumptions used to develop the forward-looking information contained in this press release include, but are not limited to, key personnel and qualified employees continuing their involvement with the company; the Company’s ability to obtain additional financing on reasonable terms; the competitive conditions of the industry in which the Company operates; and the laws and their amendments applicable to the Company.

Forward-looking information involves known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the Company to differ materially from any future results, performance or achievements expressed or implied by the information. forward-looking, including, without limitation, risks related to the Company’s future business plans; the risks that the Company may not be able to retain its key personnel; the risks that the Company may not be able to obtain financing on reasonable terms or at all, as well as all other risks described in the Company’s final long form prospectus dated May 31, 2022, under the heading “Factors of risk”. Accordingly, readers should not place undue reliance on such forward-looking information. Further, any forward-looking information speaks only as of the date such statement is made. New factors emerge from time to time, and it is not possible for the management of the Company to predict all of these factors and to assess in advance the impact of each of these factors on the Company’s business or the extent to which any factor, or combination of factors, could cause actual results to differ materially from those contained in the forward-looking information. The Company undertakes no obligation to update forward-looking information to reflect information or events after the date on which it is made or to reflect the occurrence of unforeseen events, except as required by law, including securities laws.

The CSE has neither approved nor disapproved of the content of this press release. Neither the CSE nor its Market Regulator (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

CONTACT INFORMATION

Clear Sky Lithium Corp.
Investor Relations
Email: [email protected]
Phone: +1 (778) 383-7240

Record usage of Discuss platform for CX, UX and MRX research continues

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The company sees its use multiplied by three from one year to the next; Enables access to the auto-capture feature for all platform customers

Discuss people experience platform

Allows live, moderated and unmoderated conversations, self-capture comments and media uploads.

Seattle, Wash., July 19, 2022 (GLOBE NEWSWIRE) — Discuss, the leading purpose-built platform for turning experiences into insights, today announced that it continues to experience record growth with a three-fold increase in usage year-over-year. Additionally, subscription revenue increased by 68% compared to the first half of 2021, and the number of unique customers served increased by 29%. This growth was driven by new and existing customers around the world, including leading agencies and brands in a variety of industries such as consumer packaged goods, technology, healthcare, financial services and more. . Examples of new Discuss clients include agencies like Shapiro and Raj and Sticky Beak, and well-known brands like Mars Wrigley, Kellogg and Viking Cruises.

The Discuss platform is specifically designed to support in-depth research, regardless of how the data or information is collected. It enables live, moderated and unmoderated conversations, self-capture commentary, and media uploads that can easily capture interesting moments and quickly turn customer conversations and experiences into actionable insights.

Leading agencies like buzzback use the Discuss platform for unlimited viewers to join customer conversations and record moments with the click of a button, while viewing people’s reactions to posts and product ideas first-hand. “Discuss has been a great partner for us,” said Liz White, senior vice president of search strategy at buzzback. “Our approach to qualitative research is very technologically advanced, and with Discuss there are many tools helping us achieve that for our clients and to scale in a more agile way, which is essential now.”

With a continued focus on delivering innovative new features for its customers earlier this year Self captures, allowing respondents to give feedback on their own schedule via short TikTok-style videos, as well as photo or text responses by sharing their experiences. Customer response has been overwhelmingly positive across marketing, product, and CX teams, with many using it for video surveys, journals, and mobile ethnography projects. And to support Discuss’ vision of providing an in-depth research platform, a new promotion is available for any customer currently only using its live feedback capabilities: auto-captures will now be automatically included at no additional cost. until the end of 2022.

With customer-centric promotions like this and the company’s focus on providing the best customer experience, Discuss is also proud to be recognized again as a High Performer on The most recent Grid reports from G2 in the User Research and Video Comments categories. Some of the areas that propelled Discuss to receive this recognition included a Net Promoter Score (NPS) of 86, the highest score of any provider, as well as the highest score for ease of doing business and quality support in the Consumer Video Feedback Category.

“We put our customers at the center of everything we do,” said Simon Glass, CEO of Discuss. “Our ability to provide easy access to research and customer information among a global audience is evidenced by the momentum and growth in the use of our platform and we look forward to continuing to be a part of the success.” of our customers.”

Learn more:

Press release: Discuss Again Ranked Top Performer in G2 Grid for User Research Software and Consumer Video Reviews
Press release: Discuss launches Self Captures, expanding its products beyond live video
Online seminar: Rethinking the Agile Manifesto for Research with Forrester and Walnut Unlimited

###

About to chat

Discuss helps leading organizations, brands and agencies around the world turn people’s experiences into insights. Hundreds of thousands of Market Insights, CX and UX professionals trust Discuss to go beyond data points and bring deep insights to life in their organization in real time, transforming customer relationships. With Discuss, hundreds of global brands and agencies such as Unilever, Target, Ipsos, KraftHeinz, HP, Ford and Mastercard make more informed strategic decisions faster than ever. For more information, visit www.discuss.io.

Attachment

CONTACT: Meredith Bagnulo Discuss 303-513-7494 [email protected]

Freshpet, Inc. will release its second quarter results on Monday,

SECAUCUS, NJ, July 18 28, 2022 (GLOBE NEWSWIRE) — Freshpet, Inc. (NASDAQ: FRPT) (“Freshpet” or the “Company”) today announced that it will release results for the second quarter ended June 30, 2022 on Monday. August 2022 after market.

The Company will host a conference call with members of the management team to discuss these results with additional comments and details. The conference call is scheduled to begin at 4:30 p.m. ET on Monday, August 8, 2022. To participate in the live call, listeners in North America can dial (877) 407-0792 and international listeners can dial (201) 689-8263.

In addition, the call will be broadcast live on the Internet, hosted in the “Investor” section of the Company’s website at www.freshpet.com and will be archived online. A phone playback will be available beginning at 7:30 p.m. ET, August 8, 2022 through August 22, 2022. North American listeners can dial (844) 512-2921 and international listeners can dial (412) 317-6671; the password is 13730982.

About Freshpet

Freshpet’s mission is to improve the lives of dogs and cats through the power of real, fresh food. Freshpet foods are blends of locally grown fresh meats, vegetables and fruits made in our Freshpet kitchens. We carefully prepare our food using natural ingredients, cooking it in small batches at lower temperatures to preserve the natural quality of the ingredients. Freshpet foods and treats are kept refrigerated from the time they are made until they arrive in Freshpet refrigerators at your local market.

Our foods are available at select mass merchandisers, grocery stores (including online), health food, clubs, and specialty pet retailers in the United States, Canada, and Europe. From the care we take in sourcing our ingredients and making our food, to the moment it arrives at your doorstep, our integrity, transparency and social responsibility is how we like to run our business. To learn more, visit www.freshpet.com.

Connect with Freshpet:

https://www.facebook.com/Freshpet

https://twitter.com/Freshpet

http://instagram.com/Freshpet

https://en.wikipedia.org/wiki/Freshpet

https://www.youtube.com/user/freshpet400

Forward-looking statements

Certain statements contained in this release constitute “forward-looking” statements. These statements are based on management’s current opinions, expectations, beliefs, plans, objectives, assumptions or projections regarding future events or results. These forward-looking statements are only predictions, not historical facts, and involve certain risks and uncertainties, as well as assumptions. Actual results or events could differ materially from those expressed, anticipated or implied by these forward-looking statements. These forward-looking statements speak only as of the date of this release. Freshpet undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by law. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to such or other forward-looking statements.

Contact
RIC
Jeff Sonnek
646-277-1263
[email protected]

Barrick Gold Corporation – Reko Diq alliance between Pakistan and Barrick poised to create long-term value

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Reko Diq is one of the largest undeveloped copper-gold deposits in the world.

Finance Minister Miftah Ismail and Barrick Chairman and CEO Mark Bristow said after meeting here today that they shared a clear view of the national strategic importance of the Reko Diq copper-gold project and s were committed to developing it as a world-class mine that would create value for the country and its people across generations.

Reko Diq is one of the largest undeveloped copper-gold deposits in the world. An agreement in principle reached between the government of Pakistan, the provincial government of Balochistan and Barrick earlier this year provides for the reconstitution and restart of the project, suspended since 2011. It will be operated by Barrick and 50% owned by Barrick, 25 % by the provincial government of Balochistan and 25% by Pakistani public companies.

The definitive agreements underlying the framework agreement are being finalized by the Barrick and Pakistan teams. Once this is complete and the necessary legalization steps have been taken, Barrick will update the original feasibility study, a process that is expected to take two years. The construction of the first phase will follow that with the first production of copper and gold scheduled for 2027/2028.

“During negotiations, the Federal Government and Barrick have confirmed that Baluchistan and its people should receive their fair share of benefits under the Pakistani ownership group,” Bristow said.

“At Barrick, we know that our long-term success depends on the equitable sharing of benefits we create with our host governments and communities. In Reko Diq, Balochistan’s stake will be fully funded by the project and the federal government, allowing the province to reap dividends, royalties and other benefits from its 25% stake without having to contribute financially to construction or development. operation of the project. It is equally important that Balochistan and its people see these benefits from day one. Even before construction begins, once the legalization process is completed, we will implement a series of social development programs, backed by an initial commitment to improving health care, education, food security and drinking water supply in a region where groundwater has a high salt content.

Finance Minister Ismail said the Reko Diq development represented the largest foreign direct investment in Balochistan and one of the largest in Pakistan.

“Like Barrick, we believe that the future of mining lies in mutually beneficial partnerships between host countries and world-class mining companies. The Reko Diq deal exemplifies this philosophy and also signals to the international community that Pakistan is open for business,” he said.

Subject to the updated feasibility study, Reko Diq is envisioned as a conventional open pit mine and milling operation, producing high quality copper-gold concentrate. It will be built in two phases, starting with a plant that will be able to process around 40 million tonnes of ore per year, a figure that could be doubled in five years. With its unique combination of large scale, low strip and good grade, Reko Diq will be a multigenerational mine with a mine life of at least 40 years. At the peak of construction, the project is expected to employ 7,500 people and once in production will create 4,000 long-term jobs. Barrick’s policy of prioritizing local employment and suppliers will have a positive impact on the downstream economy.

Requests:

Kathy du Plessis

Investor Relations and Media
+44 20 7557 7738
E-mail: [email protected]

Caution regarding forward-looking information

Certain information contained or incorporated by reference in this press release, including any information regarding our strategy, plans, plans or future financial or operating performance, constitutes “forward-looking statements”. All statements, other than statements of historical fact, are forward-looking statements. The words “partnership”, “framework”, “opportunity”, “provide”, “plan”, “anticipate”, “contemplate”, “propose”, “work towards”, “expect”, “consider”, “will” , “could”, “should”, “intend”, “future”, “commitment” and similar expressions identify forward-looking statements. In particular, this press release contains forward-looking statements, including, but not limited to, regarding: the planned update of Reko Diq’s landmark feasibility study; the future construction, development and operation of the Reko Diq Project, including the expected benefits of a two-phase construction approach and schedule and the expected initial throughput of the processing plant; the future ownership of the Reko Diq project; the proposed tax terms applicable to the Reko Diq project and the joint venture by which it is owned; the timing and process for reconstituting a joint venture to carry out the future development and operation of the Reko Diq Project; the intended mine life of the Reko Diq project; the anticipated sharing of benefits from the Reko Diq project with governments and Barrick’s host communities, including social development and public health programs as well as potential levels of local employment and local procurement during construction and operation of the project; and expectations regarding financial performance and other outlook or advice.

Forward-looking statements are necessarily based on a number of estimates and assumptions, including significant estimates and assumptions relating to the factors set forth below which, although believed to be reasonable by Barrick as of the date of this press release in light of management’s experience and perception of expected conditions and developments, are inherently subject to significant commercial, economic and competitive uncertainties and hazards. Known and unknown factors could cause actual results to differ materially from those projected in the forward-looking statements and undue reliance should not be placed on such statements and information. These factors include, but are not limited to: fluctuations in the spot and forward price of gold, copper or certain other commodities (such as diesel fuel, natural gas and electricity); the speculative nature of mineral exploration and development; changes in mineral production performance, mining and exploration success; risks associated with projects in the early stages of appraisal and development and for which additional engineering, technical and other analyzes are required; disruption of supply routes which may cause delays in development, construction and mining activities; reduction in the quantities or qualities of reserves; increased costs, delays, suspensions and technical challenges associated with the construction of capital projects; operational or technical difficulties related to mining or development activities, including geotechnical challenges and disruptions in the maintenance or provision of required information technology infrastructure and systems; failure to comply with environmental, health and safety laws and regulations; inability to obtain key licenses from governmental authorities; changes in national and local government laws, taxation, controls or regulations and/or changes in the administration of laws, policies and practices; the expropriation or nationalization of property and the political or economic development of the Islamic Republic of Pakistan or the province of Balochistan; timing of receipt or non-compliance with necessary permits and approvals; lack of certainty about foreign legal systems, corruption and other factors inconsistent with the rule of law; risks associated with illegal and artisanal mining; risks associated with new diseases, epidemics and pandemics, including the effects and potential effects of the global Covid-19 pandemic; damage to Barrick’s reputation due to the occurrence or perceived occurrence of a number of events, including negative publicity regarding Barrick’s handling of environmental issues or dealings with community groups, whether true or not ; the possibility that future exploration results will not meet Barrick’s expectations; the risks that exploration data will be incomplete and that considerable additional work will be required to complete a more in-depth assessment, including but not limited to drilling, engineering and socio-economic studies and investments ; risk of loss due to acts of war, terrorism, sabotage and civil unrest; dispute; disputes over title deeds, particularly title to undeveloped properties, or access to water, electricity and other necessary infrastructure; business opportunities that may be presented to, or pursued by, Barrick; risks associated with working with partners in jointly controlled assets; employee relations, including the loss of key employees; increased costs and physical risks, including extreme weather events and resource shortages related to climate change; and the increased availability and costs associated with mining inputs and labor. In addition, there are risks and hazards associated with exploration, development and mining activities, including environmental hazards, industrial accidents, unusual or unexpected formations, pressures, cave-ins, floods and gold bars, copper cathodes or gold or copper concentrates. losses (and the risk of inadequate insurance, or the inability to obtain insurance, to cover such risks).

Many of these uncertainties and contingencies may affect our actual results and could cause actual results to differ materially from those expressed or implied in any forward-looking statements made by or on our behalf. Readers are cautioned that forward-looking statements are not guarantees of future performance. All forward-looking statements made in this press release are qualified by these cautionary statements. Specific reference is made to the most recent Form 40-F/Annual Information Form filed with the SEC and Canadian provincial securities regulators for a more detailed discussion of some of the factors underlying the forward-looking statements and risks that could affect Barrick’s ability to achieve the expectations set forth in the forward-looking statements contained in this press release.

We disclaim any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

Australia’s ANZ to buy Suncorp’s banking arm for $3.3bn and boost mortgage business

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An ANZ bank logo is pictured in Sydney, Australia April 23, 2018. REUTERS/Edgar Su

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  • ANZ to raise AUD 3.5 billion to fund the deal
  • ANZ pulls out of talks to buy MYOB Group
  • Suncorp intends to return majority net proceeds

July 18 (Reuters) – Australia and New Zealand Banking Group (ANZ.AX), Australia’s fourth-largest property lender, plans to buy the banking arm of insurer Suncorp Group Ltd (SUN.AX) for $4.9 billion Australian dollars ($3.33 billion), build its mortgage portfolio and extend its geographical coverage.

The agreed deal, subject to regulatory approval, shows how important mortgages remain to Australia’s banking sector, even as rising interest rates and cost of living pressures flip the country’s property market .

ANZ, which said on Monday it was aiming to raise A$3.5 billion by issuing new shares to pay for the deal, had missed out on most of the benefits of a COVID-19-induced housing boom that saw the Home values ​​jump by a quarter in the year to early 2022 due to application processing delays, analysts said.

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The takeover would increase ANZ’s mortgage portfolio by A$47 billion to A$307 billion, meaning it would overtake National Australia Bank Ltd (NAB.AX) in third place, according to publicly available data.

ANZ shares were not traded as the bank prepares its new share issue. The new shares were sold at A$18.90 each, a 12.7% discount from ANZ’s closing price of A$21.64 on Friday, according to its filings.

Shares of Suncorp, which is trying to offload an asset deemed non-essential, rose 5.7%, against a broader market gain of 0.6%. The company will return most of the sale proceeds to shareholders.

Analysts took a cautious stance on the deal given the complexity of previous Australian bank takeovers and economic uncertainty.

“(ANZ’s) acquisition appetite is troubling, given growing recession risks and ANZ’s poor operating performance to date,” Jefferies analyst Brian Johnson said in a client note. .

“ANZ’s main franchise is already struggling and adding more complexity during a time when MQG is driving up filing costs looks unruly,” he added, referring to Macquarie Group Ltd .

ANZ CEO Shayne Elliott said the deal would create a “simpler and stronger platform for growth” that “advances our strategic ambitions”.

“This acquisition is a historic step forward and the culmination of work that began seven years ago,” Elliott said on an analyst call, referring to informal talks between the lenders dating back to 2016.

In a May earnings update, the bank said it could try to boost profits outside of the mortgage business as rising interest rates intensified competition. ANZ last week announced it was in talks to buy accounting software maker MYOB from private equity giant KKR & Co (KKR.N), bolstering its business lending capability.

But earlier on Monday, ANZ said the MYOB deal was now cancelled, signaling to investors that the bank remains focused on mortgages after all. Read more

The deal would also amount to a geographic expansion of ANZ, which is headquartered in Melbourne, Queensland, where Suncorp is based and does most of its business. ANZ would retain Suncorp’s Queensland workforce and branding for at least a few years, among other commitments such as infrastructure funding for the 2032 Brisbane Olympics, the bank said.

The purchase price was 13.8 times the past earnings of Suncorp’s banking unit, ANZ said, below the price-earnings ratio of Suncorp’s overall business but within the range of major Australian banks. .

Suncorp President Christine McLoughlin said the agreed price “fairly values ​​the bank and reflects the hard work of our people and the progress made in achieving our strategic goals.”

($1 = 1.4734 Australian dollars)

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Reporting by Byron Kaye in Sydney and Sameer Manekar in Bengaluru, with additional reporting by Scott Murdoch; Editing by Daniel Wallis, Richard Chang and Kenneth Maxwell

Our standards: The Thomson Reuters Trust Principles.

Donna Probes: Crowdfund your new business | Company

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Probes








SCORE logo

Securing seed funding can be a hurdle for entrepreneurs trying to start a new business. For many owners, the thought of asking thousands of dollars from a single bank or lender adds a whole new layer of stress to the already overwhelming task of starting a business.

Proving to a lender that your idea is a good investment is not an easy sell. For this and other reasons, more and more entrepreneurs in recent years have switched from traditional financing to crowdfunding to get the money they need to market their product or service.

Crowdfunding has changed the rules for funding startups. He took startup fundraising from a one-lender model to a collective virtual effort, offering financial support to a startup while instantly introducing the business to potential customers. The model showed that the public is willing to contribute capital to worthwhile projects without any expectation of future profit.

There are three main types of crowdfunding, each with different goals and risks.

Rewards-based crowdfunding involves asking your backers for capital in return for an incentive – perhaps the right to be among the first to receive delivery of your new product.

Crowdfunding involves committing a portion of the value of your business to a funder in exchange for seed capital.

The loan between individuals means that you will receive capital in the form of a loan that you are legally obliged to repay.

Selecting the right crowdfunding platform is important because each platform is set up to serve a different purpose and audience. Some of the most commonly used crowdfunding platforms include Kickstarter, the big name in crowdfunding for tech and creative entrepreneurs; GoFundMe, best for personal fundraising; Indiegogo, ideal for tech startups and community projects; Causes, built for nonprofits; Patreon, ideal for musicians, creators and designers; CircleUp, ideal for equity financing of consumer brands and LendingClub, a great option for business loans

There are several important “obligations” when working in crowdfunding. First, make sure your business is set up correctly, including a bank account, legal entity, proper license, insurance, etc. Never promise what you can’t deliver. Always stay in good communication with your funders. And be sure to consult an accountant to find out what portion of the funds you raise is considered by the IRS to be taxable business income.

Crowdfunding is a great way for entrepreneurs to jump-start their business. However, like any means of fundraising, it comes with its own risks and obstacles. Do your research and consult with other professionals who have gone through the process, such as a SCORE mentor.

A panel of experts from various funding sources will be on hand Thursday, July 21 at the main branch of the Traverse Area District Library at noon. This free SCORE workshop will cover crowdfunding and traditional funding. This will help you understand how lenders decide which new business to finance. Visit www.traversecity.score.org.

to register.

Donna Probes, MBA, spent 10 years as a small business owner. She is retired from the Traverse City Area Chamber of Commerce and is active as a SCORE mentor as well as a professional music performer. For more information on SCORE, visit www.traversecity.score.org.

SRMT Announces New Chief Financial Officer | WWTI

AKWESASNE, NY (WWTI) – The Saint Regis Mohawk Tribe has announced that Heather Henry will take over as Tribal Government’s new Chief Financial Officer.

According to the tribe, Henry was hired in 2014 as chief financial officer and had been deputy chief financial officer since January 2021 before officially accepting the position of chief financial officer on June 27. The tribe said they have years of financial experience that will help strengthen the tribe. the financial responsibility of the government and its accountability to the members.

Henry is a Registered Tribal Member, along with his three children, and earned a Bachelor of Science in Industrial Engineering from Kettering University located in Flint, Michigan in 2004 with a minor in Business Management. In 2007, she earned a Master of Science in Finance from Indiana University, where she attended the highly regarded Kelley School of Business.

“We extend our sincere congratulations to Heather on her significant career achievement and know that she will do her best to support the tribe as we navigate the challenges, opportunities and financial management issues that lie ahead for the benefit of of the community of Akwesasne,” shared the Saint Regis Mohawk Tribal Council.

Prior to joining the Tribe, Henry was Associate Controller at Clarkson University in Potsdam for three years and served as a Principal Financial Analyst for ALCOA and Financial Analyst at General Motors, both located in Massena. Henry said she was looking forward to stepping into her new role.

“I am very excited to use my skills and experience in financial management to build economic diversification and self-sufficiency,” said Henry. “It’s a huge task and challenge, but the tribe has done a tremendous job of bringing together a professional team of financial analysts and accountants who have the best interests of the community at heart.

As the tribe’s chief financial officer, Henry will be responsible for all matters relating to the financial affairs of the tribal government; including financial analysis, ensuring sound accounting practices and strengthening relationships with banking institutions. Other responsibilities include investments, audits, financing agreements, as well as summaries and forecasts of future growth and general economic outlook.

More information about the position and Henry can be found on the SRMT website.

TMFC: Decline as expected, factors point to whether it may recover soon (TMFC)

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Ryan Rahman/iStock Editorial via Getty Images

This is my third article on the Motley Fool 100 Index ETF (BATS: TMFC), a passively managed exchange-traded fund that invests in a cohort of approximately 100 mega/large-cap U.S. stocks, which analysts at The Motley Fool consider are poised to outperform the market over time. They are flagship companies with resilient margins and solid growth prospects. In all honesty, they should boast a higher valuation in most cases. But is it an adequate proposal in the midst of the times? This year has been painful for this strategy.

I’ve never been particularly excited about the fund’s prospects in a higher interest rate environment. In the first note published in January, I acknowledged that the ETF’s relatively short history was nothing short of successful, with alpha delivered in 2019 and 2020, although total return in 2021 was slightly lower compared to the iShares Core S&P 500 (IVV) ETF.

However, the market regime had changed. It’s hard not to notice when the bear market is raging. The unstoppable FAANGM and broad rally in the tech sector (acronyms vary) was no longer the case already in January. And TMFC’s stock allocation geared toward a high multiple growth ladder was the wrong place, as growth premium repricing was about to pick up steam. And even though TMFC has been declining almost incessantly this year, I don’t yet know if the infliction point is near and if the bulls are about to regain control.

Indicators fall as growth premiums shrink

2022 for TMFC has been nothing short of calamitous, with only March being more or less successful, with a positive total return of around 5%. April was totally disastrous; it emerged its worst month since its inception in January 2018. The depth of the decline eclipses both December 2018 and March 2020. What is more discouraging is that in both cases it staged a recovery, rebounding particularly strongly in April 2020 as the market was enthusiastically rallying after the first weeks of pandemic chaos. This year, it continued to decline in May and June. The first half of July also offered no relief.

TMFC Returns

Created by author using data from Portfolio Visualizer

Since my April article, TMFC’s price has fallen about 12.5%, underperforming the S&P 500, partly proving my point that the exorbitant valuation of most of its holdings is a drag on its performance, regardless of the strength of its exposure to profitability. factor.

Today I would like to provide an in-depth review of the new version of the TMFC wallet, addressing the additions/removals made during the quarterly replenishment, and harnessing the power of Quant data to answer the question of whether factors have become more upside.

Some minor portfolio adjustments, equally inflated valuations

In the wake of the most recent quarterly reconstruction of TMFC’s underlying index, six stocks were dropped while five were added; both groups have weights of only a few percentage points. In other words, the portfolio has remained relatively homogeneous since its main positions have not been modified. So, at least judging by the fund’s investment decisions this year, it’s keeping its equity mix more or less stable, as the large-cap cohort of the TMF recommendation universe is not subject to scrutiny. a major overhaul.

As illustrated by the dataset on its website, TMFC now has no exposure to the following companies that were present in the late April version of its portfolio:

Arista Networks (ANET) 0.18%
Cloud Flare (NET) 0.16%
The Trade Desk (TTD) 0.14%
OKTA (OKTA) 0.11%
Unity Software (U) 0.11%
Embecta (EMBC) 0.01%

As I mentioned in the previous article, EMBC is a small-cap company spun off from Becton, Dickinson and Company (BDX), a manufacturer of healthcare equipment, in April. It didn’t seem to fit TMFC’s large cap, high conviction strategy, so it was removed on the rebuild as I expected.

The other five stocks likely had their bullish TMF ratings removed and were therefore squeezed out of the TMFC portfolio. It should be noted that their performance this year has been nothing short of dismal, with U’s catastrophic decline recently exacerbated by the announcement of the acquisition and reduced growth prospects for the year being the most profound of the group.

Chart

The five additions are shown below:

Texas Instruments (TXN) 0.79%
S&P Global (SPGI) 0.64%
Lowe’s Companies (LOW) 0.64%
Copart (CPRT) 0.14%
CoStar Group (CSGP) 0.12%

Interestingly, CPRT could be found in the January release of the portfolio, then the fund exited its position, and now it appears to have appeared again in the TMF recommendation universe and qualified as the TMFC portfolio. The same is true in the case of the CSGP.

As expected, not much has changed in terms of sector exposure. It appears that TMFC is still staunchly bullish on the technology, with nearly 42% allocated to it as of July 14. Its tilt seems somewhat permanent, due to the market cap weighting, so I don’t expect it to change in the future. The consumer discretionary sector comes in second place, with a weight close to 16%. Of course, he owns Tesla (TSLA) and Amazon (AMZN); other stocks in the CS sector have only about 5.2% weight. There are traces of energy and material stocks, with a total weight of less than 1%.

The minor adjustments to the portfolio discussed above raise the question of whether TMFC’s exposure to return factors has changed, for better or for worse. Well, it’s worth guessing that the sharp decline in the price might lead to a major valuation improvement first.

However, the harsh reality is that even after a stormy first half of 2022, the multiples of its holdings have only compressed slightly. We only see six value players (a B- or better rating) in the fund, with a combined weighting of 2.2%; almost nothing has changed since April, when that figure was around 2.4%.

TMFC Value Stocks

Created by the author using data from the fund and Seeking Alpha

Below are selected evaluation metrics for the group:

Select value metrics for stocks

Data as of July 14 (Created by the author using data from the fund and Seeking Alpha)

About 80.3% have a perfect price, with a D+ Quant Valuation or worse. It’s better compared to January (~89%) but in line with April (~81%). And the cohort of the top 20 is still replete with stocks priced above their sectors, in part justified by stellar quality, but in many cases not backed by industry-leading growth rates.

TMFC Top 20 Holdings

Created by the author using data from the fund and Seeking Alpha

I also believe it is worth discussing the growth profiles again. In the April note, I said I spotted a downward trend in TMFC’s holdings growth rates. This time, I must admit that the trend remains intact.

The weight of stocks with an expected earnings growth rate of at least 20% fell from around 28% to around 24%. The share of those with a forward EPS growth rate above 20% fell from around 54% to around 52.4%. The EBITDA outlook has also become much bleaker: those with growth rates of 20% and better are just 48.8% compared to nearly 60% in April.

Conclusion

Growth-oriented strategies have been hit hard this year, with TMFC being no exception. Initially, it was about the exodus of investors from high-multiple stocks as a preemptive step to prepare for the end of the era of ultra-loose monetary policy. Then it was geopolitics that wreaked havoc on commodity markets, accelerated inflation and spurred the reduction of growth premiums in anticipation of significantly higher interest rates. Lately, recession fears have added to this mix. Unfortunately, in this environment, I see no material reason to upgrade TMFC to a purchase.

Disney’s ESPN+ will increase monthly subscription by $3

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July 15 (Reuters) – Walt Disney Co (DIS.N) plans to raise monthly subscription fees for its ESPN+ sports streaming platform by $3 a month, a 43% increase, the company said on Friday .

The price of an ESPN+ subscription will drop to $9.99 per month starting August 23, while the cost of an annual subscription will drop from $69.99 to $99.99. Subscribers will be officially notified next week.

However, fees for those who get a bundle of all Disney streaming services, including Hulu and Disney+, will not be impacted, the company said.

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Shares of Disney rose nearly 4% in afternoon trading.

ESPN+, which offers more than 22,000 live events including top leagues from many sports, last increased its monthly and annual subscription fees in the United States in July last year. (https://reut.rs/3PiCbRG)

Over the past year and a half, Disney said it has added expanded rights to the National Football League (NFL), expanded rights to Wimbledon and the Australian Open, renewed rights to the popular FA Cup and more on ESPN+.

Media companies have been looking for new ways to generate more revenue amid slashing ad spend and stiff competition in the crowded streaming market, with Disney betting on a resurgence in live sports streaming after a lull brought on by the a pandemic.

Netflix Inc (NFLX.O), on the other hand, has teamed up with Microsoft Corp for its planned ad-supported subscription offering as it seeks to make up for slowing subscriber growth by rolling out a cheaper plan. . Read more

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Reporting by Tiyashi Datta in Bengaluru; Editing by Krishna Chandra Eluri and Shailesh Kuber

Our standards: The Thomson Reuters Trust Principles.

Reason for Crypto Rise: Why is Crypto Rising Today (July 15) After US CPI Inflation Data?

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The global cryptocurrency market capitalization has increased by nearly 5% in the past day to $934 billion. The prices of several top cryptocurrencies, including Bitcoin and Ethereum, have also surged in the past 24 hours.

At the time of writing, Bitcoin was trading at $20,798 while the price of Ethereum (ETH) was at $1,209. Among other major tokens, the prices of Solana, XRP, Avalanche, and Polygon (Matic) jumped 10% in the past 24 hours, according to data from CoinMarketCap.

The rise in crypto prices may have come as a pleasant surprise to crypto enthusiasts, especially after US CPI-based inflation data hit a new 40-year high of 9. 1%.

Part of the reason for the current crypto price spike today can be attributed to the possibility of interest rate hikes of 0.75 basis points in the US, instead of 100 basis points. base, to fight against high inflation.

US Federal Reserve Governor Christopher Waller said on Thursday he supported a 0.75 basis point increase in interest rates.

READ ALSO | GARI becomes 3rd largest project on Solana with 8 lakh active wallet users in 5 months

Will crypto prices rise further?

The current spike in cryptocurrency prices may be short-lived as overall market sentiment remains in the “Extreme Fear” zone, according to the Crypto Fear & Greed Index. In addition, the rise in interest rates in the United States could be higher to control inflation.

Experts say markets should maintain momentum to regain investor confidence and keep moving higher.

“Bitcoin bounced back above the US$20,000 mark after bulls pushed the coin higher. If buyers can hold BTC at the current level, we could see it test the US$21,000 level soon. The second-largest cryptocurrency, Ethereum, saw an almost 10% surge outperforming BTC after its Shadow Fork 9 went live, pushing the project forward towards merger,” said Edul Patel, co-founder and CEO of crypto investment platform Mudrex.

“Bitcoin gained just over 2% yesterday, closing in on the $21,000 level. Market sentiment appears to be sinking deeper into the fear zone. BTC’s daily chart continues to cross a descending channel pattern,” WazirX Trade Desk analysts said in a note shared with FE.com.

“Meanwhile, the daily MACD is gaining towards the zero level, an indication that the bull market is just around the corner. The next resistance level for BTC is expected at $32,300 and an immediate support level is expected at $17,700,” they added.

(Cryptos and other virtual digital assets are unregulated in India. They are considered extremely risky for investment. Please consult your financial advisor before making any investment decision)

How to Start a Money Conversation

Remembering those first paychecks you received for a summer job, babysitting gigs, or an allowance from your parents brings back nostalgia for simpler times. Fast forward to today, and your kids are probably going through a very similar moment in time.

“Kids start learning about money at an early age and when they start making money, it’s a great time to talk about financially healthy habits that can sustain them into adulthood. , like saving, budgeting, and making the most of what they earn.” Jennifer Brower, Philadelphia Community Leader

Here are some tips to help them start their own journey to financial health:

Let Them Earn Their Own Money: Allowances are a great opportunity for kids to earn their own money for “chores” like watering plants, babysitting, or doing assigned chores. To help manage the money they earn, you can open a children’s bank account that gives them access to their funds with your supervision and control. It’s like a “learning permit” for money, letting you designate how much they can spend and where. Chase First Banking comes with its own debit card so they can start learning financial responsibility, giving them the opportunity to learn the fundamentals of saving, spending and earning.

Discuss “wants” versus “needs”: Teaching your children the importance of saving for the unexpected is a valuable lesson. Talk to your child about what they would like to do with their money and help them create a list to show what might be considered a need and what a want. To keep the conversation going, engage them in family discussions about planning a trip to the grocery store, major purchases, or how to adjust the budget when gas and food prices rise.

Set savings goals: Having a goal in mind can make saving fun. Motivate your children by finding out why they want to save and how they can reach their goal. Take the opportunity to educate them on the importance of setting goals and creating a plan that can help them achieve them.

Consider opening their first account: Many kids may opt for their piggy bank as a safe place to keep their money, but it’s important to teach your kids the benefits of having their money in a safe place. Opening a Chase First Banking account at an early age can be the first step in learning to save and manage for the future. You can make it memorable by visiting your local bank branch and showing them how to use their card responsibly.

Talk about money: It’s important to start conversations about money at an early age – it’s never too early. Have an open conversation about budgeting, discuss the importance of price research to make informed decisions before buying, and keep the conversations going.

For more information about Chase products for children and teens, visit your local Chase bank to speak with a community manager or visit https://www.chase.com/personal/financial-goals/parents.

Do Good Fest returns bigger and better than ever

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Vermont Business Magazine Do Good Fest, a benefit music concert hosted by National Life Group at its Montpellier campus, returns after a hiatus during the pandemic. The largest concert in central Vermont is expected to bring together nearly 10,000 people in the company’s natural amphitheater. This year, Do Good Fest features X Ambassadors as headliners as well as American authors, Forest Blakk and Moxie from Vermont.

A new highlight of the event is Beats for Good, a high school music competition. Kingdom All Stars, a group of teenage musicians from the North East Kingdom, won after nearly 6,000 votes were tallied online. They will play the main role in Moxie. The Laker Ladies, a trio from Colchester High School, will sing the song that got them hot on the heels and open Do Good Fest.

Other new features include a VIP lounge and a live streaming option viewable on DoGoodFest.com for those who cannot make it to the event. All proceeds will again benefit Branches of Hope, Central Vermont Medical Center’s cancer patient fund. Do Good Fest has raised over a quarter of a million dollars for this fund over the years, which was previously supported by bake sales. Online donations are progressing well. The amount raised from reserved tickets will be revealed before X Ambassadors takes the stage.

Do Good Fest will also host a nonprofit village featuring 25 local nonprofits, a beer tent, nearly 20 food vendors, and a kids’ zone.

WHEN: Saturday July 16, 2022

1:30 p.m.: Open doors

2:30 p.m.: Welcome announcements

2:35 p.m. – 2:40 p.m.: ladies of the lake

2:45 p.m. – 3:15 p.m.: Kingdom All Stars

3:45 p.m. – 4:30 p.m.: Moxie

4:45 p.m. – 5:30 p.m.: Black Forest

6:00 p.m. – 7:00 p.m.: American authors

7:45 p.m. – 9:00 p.m.: X Ambassadors

WHERE: National Life Group, 1 National Life Drive, Montpelier, Vermont

WHO: Speakers will include:

  • Mike and Mary on the morning of Star 92.9
  • Mehran Assadi, CEO, President and President of National Life Group
  • Fatihah Abdur-Rahman, LifeChanger of the Year Finalist
  • Dr. Nejat Zeyneloglu, Chief Medical Officer of CVMC
  • Dr. David Ospina, hematology and oncology
  • Diane Jones, Oncology Patient Navigator at Branches of Hope

National Life Group® is a trade name of National Life Insurance Company, Montpelier, VT, Life Insurance Company of the Southwest (LSW), Addison, TX, and their affiliates. Each company of the National Life® Group is solely responsible for its own financial situation and its contractual obligations. LSW is not a licensed insurer in New York and does not conduct insurance business in New York.

13.07.2022. National Life Group, Montpelier, Vermont www.NationalLife.com

Mindtree starts FY23 with strong growth and record backlog

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First-quarter revenue up 5.5% sequentially in constant currency; EBITDA margins at 21.1%; highest order book at $570 million

BENGALERU, India and WARREN, NJ , July 13, 2022 /PRNewswire/ — Mindtreea global technology services and digital transformation company, today announced its consolidated results for the first quarter ended June 30, 2022, as approved by its Board of Directors.

Mindtree Logo

“We are delighted to report a strong start to FY23 with robust revenue growth, strong margin and record backlog, demonstrating our continued industry-leading growth momentum,” said Debashis Chatterjee, Chairman and Chief Executive Officer and Managing Director of Mindtree. “With revenues of $399.3 million, up 5.5% sequentially in constant currency on healthy demand for our digital capabilities, this is our sixth consecutive quarter of revenue growth of over 5% in constant currency. Our EBITDA was 21.1%, underscoring our disciplined execution and operational rigor. Our highest backlog of $570 million reflects the relevance of our value proposition in achieving large-scale strategic transformation. We are proud of our dedicated teams who continue to exceed customer expectations with passion and determination.”

Key Financial Highlights:

Quarter ended June 302022

Other highlights:

About Mindtree

Mindtree [NSE: MINDTREE] is a global technology consulting and services company that enables companies in all industries to achieve superior competitive advantage, customer experience and business results by leveraging digital and cloud technologies. The digital transformation partner of approximately 275 of the world’s most pioneering companies, Mindtree brings deep domain, technology and consulting expertise to help reinvent business models, accelerate innovation and maximize growth. As a socially and environmentally responsible company, Mindtree focuses on growth as well as sustainability in creating long-term value for stakeholders. Powered by more than 37,400 talented and enterprising professionals in 24 countries, Mindtree, a Larsen & Toubro company, is consistently recognized as one of the best places to work. To learn more, please visit www.mindtree.com Where @Mindtree_Ltd.

safe port

Certain statements in this release regarding our future growth prospects are forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those in these forward-looking statements. Conditions caused by the COVID-19 pandemic could reduce customers’ technology spending, affect demand for our services, delay potential customers’ purchasing decisions, and impact our ability to provide on-site consulting services; all of which could adversely affect our future revenue, margin and overall financial performance. Our operations may also be adversely affected by a range of external factors related to the COVID-19 pandemic that are beyond our control. We do not undertake to update any forward-looking statements that may be made from time to time by us or on our behalf.

For more information, contact: [email protected].

Mindtree Limited, Global Village, RVCE Post, Mysore Road, Bangalore-560059;

CIN: L72200KA1999PLC025564; Telephone: + 91 80 6706 4000; Fax: +91 80 6706 4100;

Email: [email protected]/[email protected]; Website: www.mindtree.com

Logo: https://mma.prnewswire.com/media/1004066/Mindtree_Logo.jpg

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SOURCE Mindtree

Global Melanoma Treatment Industry to 2027 – Players include Novartis, Pfizer, Sanofi and AstraZeneca – ResearchAndMarkets.com

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DUBLIN–(BUSINESS WIRE)–Report “Melanoma Treatment Market – Forecast 2022 to 2027” has been added to from ResearchAndMarkets.com offer.

In recent years, there has been an increase in the number of new cases reported due to climate change. These changes are increasing the incidence of melanoma patients worldwide, increasing the demand for appropriate treatment methods. If detected and treated early, the disease is almost always curable.

Rising per capita income, better healthcare facilities, growing health awareness, availability of health insurance services, and advancements in medical science and biomedicine are also contributing to the expansion of the market.

Geographically, North America dominates the market share. The high prevalence of skin cancers in the United States is a major factor contributing to the growth of the market. By type, cutaneous melanoma is widely spread around the world due to too much exposure to ultraviolet rays from the sun and artificial tanning. Based on therapy, targeted therapy is gaining market share due to lower side effects and high efficacy rates.

Growth factors

Growing regulatory approvals

The high importance and hence high investment in the development of effective treatment options is likely to have a positive impact on the growth of the market. Treatment recommendations depend on many factors, and the increasing number of regulatory approvals has had the greatest impact on the market growth.

In 2021, Aldesleukin, Binimetinib, Braftovi (Encorafenib), Cobimetinib Fumarate, Cotellic (Cobimetinib Fumarate), Dabrafenib Mesylate, etc. were among the drugs approved for treatment by the FDA. The focus of prominent companies on the introduction of innovative treatment options and drugs will help drive the growth of the market in the coming years.

Impact of COVID-19 on the Melanoma Treatment Market

The pandemic has had a delayed effect on various diagnostic methods due to several restrictions and risk exposure of patients with comorbidity. A drastic reduction in skin biopsies was observed early in the COVID-19 pandemic, which disproportionately affected older people, women, and certain geographic regions. Efforts have been made by the government to contain the situation without further delay.

Competitive outlook.

  • In 2021, Oncosec Medical Inc. and Merck and Co. collaborated to study stage III metastatic melanoma.

  • In 2021, Amgen completed the acquisition of Five Prime Therapeutics, a clinical-stage biotechnology company focused on the development of immuno-oncology and targeted cancer therapies, for $38.00 per share and is poised to acquire Teneobio, a private clinical-stage biotechnology company.

  • In 2020, Iovance Biotherapeutics, Inc sold $500 million of its common stock, subject to market and other conditions, in a subscribed public offering. In 2021, there has been some turbulence and the company is looking for buyout options.

  • In 2019, Bristol-Myers Squibb Company and Celgene Corporation entered into a definitive merger agreement under which Bristol-Myers Squibb will acquire Celgene for approximately $74 billion to create an innovative biopharmaceutical company.

  • In 2020 Novartis AG acquired The Medicines Company and in 2018 GlaxoSmithKline plc reached an agreement with Novartis to buy Novartis’ 36.5% stake in their Consumer Healthcare joint venture for $13 billion.

  • In 2020, the FDA approved the drug selumetinib from AstraZeneca and Merck & Co. to treat neurofibromatosis type 1, or NF1, a rare and usually inherited condition that causes tumors to grow inside nerve sheaths. Merck joined AstraZeneca to develop and commercialize Koselugo in a deal that included the ovarian cancer drug Lynparza.

Companies cited

  • Merck & Co. Inc.

  • Amgen Inc.

  • Iovance Biotherapeutics, Inc,

  • Bristol Myers Squibb

  • F. Hoffmann-La Roche SA

  • Eisai Co., Ltd.

  • Novartis AG

  • Pfizer Inc.

  • Sanofi

  • Astra Zeneca

Market segmentation :

By type

  • Cutaneous melanoma

  • Ocular melanoma

  • mucosal melanoma

By therapy

  • Operation

  • Immunotherapy

  • Targeted therapy

  • Chemotherapy

  • Radiotherapy

By geography

  • North America

  • UNITED STATES

  • Canada

  • Mexico

  • South America

  • Brazil

  • Argentina

  • Others

  • Europe

  • UK

  • Germany

  • France

  • Spain

  • Others

  • Middle East and Africa

  • Saudi Arabia

  • Israel

  • Others

  • Asia Pacific

  • Japan

  • China

  • India

  • Indonesia

  • Taiwan

  • Thailand

  • Others

For more information on this report, visit https://www.researchandmarkets.com/r/i7arc8

Soaring IT Costs Drive Business Automation | information age

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Businesses are automating processes to reduce IT expenses, study finds. Source: Shutterstock

The pandemic’s surge in online shopping has forced retailers to automate the processing of returns and refunds, according to new research that found automation has become easy enough to use for business leaders to embrace it without the help of computers.

At least two-thirds of the 900 companies surveyed for the new Workato publication Work automation index reported having five or more departments using automation tools, while the number of organizations with seven or more departments using automation has tripled since 2019.

Non-IT automations account for 75% of automations this year, up from 60% last year, reflecting strong adoption of workflow automation tools in business areas such as finance, resources human resources, sales and marketing, customer support, etc. .

The use of automation to process customer returns and refunds – a once laborious process that offers no direct financial benefit to businesses – has increased by 335% since 2019.

This growth “is a strong indicator that we will place greater emphasis on a smooth returns and refunds process in the coming year,” the report notes, “[which is] no surprise as online shopping remains the main commerce channel of choice despite the reopening of physical stores. »

Automation is also growing in business functions such as recruiting (up 310%), record-to-report business analytics (up 290%), procure-to-pay in purchasing (up 283% ), employee integration (255%). percent) and customer support (230 percent).

By building rule-based automations that guide employees, customers and business partners through routine transactions, Workato CIO Carter Busse said departments process more requests without having to add more staff – a particularly difficult prospect in today’s climate – or even having to call on the IT department to set up the automation.

“IT teams are now becoming the least dominant creators of automation within organizations,” Busse explained. “It demonstrates that when you have the right guardrails, the right governance, and the right tools in place, business users can safely create automations.”

“From finance becoming the most automated department to HR seeing the value of automation in helping improve the employee experience, we will continue to see this type of growth and adoption as automation becomes more accessible. in all departments.

Enter the era of hyperautomation

The push to automate repetitive business processes was already growing in popularity before the pandemic, with workers worried about layoffs as IT departments worked hard to streamline day-to-day operations.

However, as businesses now face multiple challenges at once – including limited staff availability, rising customer expectations and a difficult financial climate – using automation to improve efficiency has become crucial for their survival.

80% of IT managers see automation as the key to cost optimization and, recently, Gartner predicted70% of enterprises will have automated their infrastructure by 2025, up from just 20% last year.

Gartner calls the trend hyperautomation – defined as “a disciplined, business-driven approach to quickly identify, control, and automate as many business and IT processes as possible” – and named among the most important business challenges of this year.

Automation at Workato customers corroborates new figures from Salesforce subsidiary MuleSoft, whose recent customer survey found that 91% of customers said sales teams had increasingly demanded automation over the past two years.

Australian companies were slightly ahead of the global pace in automation, with increased demand driven by research and development, administration, customer service and finance and accounting business units.

Yet despite all the excitement around hyperautomation, most Australian businesses acknowledge that it remains complex to implement, with 93% admitting that overhauling their existing automation systems could increase’technical debt‘.

“Organizations in all industries want to automate processes and customer experiences as quickly as possible,” said Matt McLarty, CTO and Global Vice President of MuleSoft Digital Transformation Office, arguing for a ‘composable‘ approach to business and warning that “if they try to go fast with the wrong tools and techniques, they will actually get in the way of true innovation”.

“It’s vital that organizations become more adaptable to technological change,” he said, “allowing them to create automations and connect data and applications holistically.

“Without adopting a more composable approach, organizations risk increasing rather than reducing their technical debt.”

Fed official: Strong economy can handle rising rates

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WASHINGTON — The U.S. economy is healthy and showing few signs of an impending recession, and can handle higher interest rates, St. Louis Federal Reserve Chairman James Bullard said Monday.

Financial markets are showing flashing signs that an economic slowdown could come next year as Americans grapple with the highest inflation in four decades and the Federal Reserve raises borrowing costs. But Bullard said in an interview with The Associated Press that the central bank would not have to plunge the economy into a recession or dramatically increase unemployment to bring inflation back to its 2% target.

“We now have a lot of inflation, but the question is can we bring (inflation) down to 2% without disrupting the economy? I think we can,” he said.

Bullard’s optimism coincides with a rapid pace of interest rate hikes by the Fed, intended to tackle the highest US inflation in 40 years.

Higher rates limit the ability of consumers and businesses to borrow and spend, which can dampen growth and inflation. But they also carry the risk of tipping the economy into a slowdown.

Consumer prices rose 8.6% in May from a year ago, and a government inflation report on Wednesday could show they rose.

Bullard also said he currently supports a 0.75 percentage point hike in the Fed’s benchmark short-term interest rate at its next meeting later this month. Its rate is currently in a range of 1.5% to 1.75%, after rising 0.75 percentage points at its June meeting, the largest since 1994.

Separately, Esther George, president of the Federal Reserve Bank of Kansas City, sounded more cautious in a speech on Monday, in which she suggested that the Fed’s sharp rate hikes could prove disruptive.

“I certainly support the idea that interest rates need to rise quickly, recognizing that current rates are out of sync with the current economic landscape,” she told a labor conference in Lake. Ozark, Mo. “However … policy changes transmit to the economy with a lag, and large, abrupt changes can be unsettling for households and small businesses as they make the necessary adjustments.”

George was the only Fed policymaker to oppose the Fed’s June rate hike, fearing it was too big.

George noted that after just four months of Fed rate hikes, “there is growing talk of recession risk, and some forecasts are calling for interest rate cuts as early as next year.” . Those concerns suggest the Fed is raising interest rates “faster than the economy and markets can adjust,” she added.

The Fed typically moves rates in quarter-point increments, but Chairman Jerome Powell said the Fed wants to move “quickly” to a level of around 2.5%, which would neither boost nor dampen growth. .

The government’s jobs report on Friday showed employers added 372,000 jobs, a healthy increase, while the unemployment rate remained at 3.6% for the fourth month in a row, slightly above the trough. of five decades reached just before the pandemic.

The robust numbers contrast with signs of a slowing economy, from falling home sales to falling industrial production to slowing consumer spending. The economy contracted in the January-March quarter and real-time data trackers, like the one maintained by the Federal Reserve Bank of Atlanta, suggest it did so again in the April quarter. -June.

Two-quarters of falling output would be a rule of thumb for a recession. But the official definition of a recession, compiled by the National Bureau of Economic Research, looks at a much wider range of data to determine whether a downturn has occurred.

Bullard said other measures of the economy, such as a large measure of worker and business incomes, suggest the economy may have grown in the first six months of this year. Businesses and other employers also added 2.7 million jobs during this period, a solid total that reflects the optimistic outlook for businesses.

“It just doesn’t look like the US economy has been in a recession for the past two quarters,” Bullard said.

Bullard also disagreed that the economy needed several years of high unemployment to bring inflation under control, a view expressed weeks ago by former Treasury Secretary Larry Summers. .

Unlike in the early 1980s, when sharp interest rate hikes by the Fed pushed unemployment above 10%, the Fed now has more credibility as an inflation fighter, Bullard said. As a result, an inflationary psychology hasn’t gripped most consumers, as it did then, and the central bank won’t have to raise rates as much.

Other Fed officials have said they support a three-quarter point increase in the Fed rate in July, including Atlanta Federal Reserve Chairman Raphael Bostic.

“I fully support the 75 basis point move,” Bostic told the CNBC Financial Network on Friday, using financial terminology for a three-quarter point hike. “The tremendous momentum in the economy suggests to me ‘the Fed could implement such an increase’ and not see much prolonged damage to the broader economy.”

Christopher Rugaber is an AP Economics writer.

Are you over 50 and looking for a job? Here’s what to know about age and work

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Klaus Tiedge | Mix images | Getty Images

With the bear market hitting retirement portfolios hard, bonds as mediocre as stocks, and inflation raging, what seemed like secure retirement income may be more of a pipe dream for many older Americans who had left the job market or were planning to retire soon. The economic situation is pushing more workers of retirement age back into the labor market. A recent CNBC survey found that a majority of retirees would consider returning to work. But finding the right job isn’t always easy.

Many companies don’t offer the flexibility that many older workers want later in life. Age discrimination is another factor, with 78% of older workers saying they have seen or experienced age discrimination in the workplace, according to 2021 data from AARP. This is the highest level since 2003, when AARP began tracking data.

Yet many companies are increasingly looking to attract mature workers, and for good reason. On the one hand, the labor market is as tight as it has been for decades and there are now two open jobs for every worker in the country, and companies are struggling to recruit and retain talent. . Research from employee planning firm Homebase suggests older people are more engaged; more likely to look forward to work; more connected to their businesses; and less likely to consider quitting smoking. That makes older workers particularly attractive in today’s tight job market, said Jason Greenberg, chief economist at Homebase.

Here are four tips to help older workers find an age-friendly employer.

1. Identify companies that are committed to hiring older workers

Start with those who have publicly committed to leveling the playing field for older workers. More than 1,000 companies, including Humana, Microsoft, Marriott International and McDonald’s, have joined the AARP Employer Pledge program. Eligible companies must not have been sued for discrimination in the past five years. They must also agree to recruit from various age groups and consider all applications equally, regardless of age. AARP also offers a job board to help match experienced candidates with companies that are committed to having a diverse age employee base.

The Age-Friendly Institute also certifies companies that are considered best-in-class for workers aged 50 and over. Candidates go through a thorough review and certification process, which includes a commitment to “meaningful employment, development opportunities, and competitive pay and benefits for employees over 50.” The list, last updated in April, includes Aetna, Home Depot, Macy’s, Starbucks and Wells Fargo.

Just be aware that these lists can change and don’t give you the full picture, so be sure to do your due diligence on any company you’re considering, said Lance Robertson, former assistant secretary of the U.S. Department of Health and Human Services. for Aging, who is now a director at Guidehouse, a global provider of consulting and IT services.

2. Look for clues in job postings

Older candidates should check out a company’s job postings, which can give insight into the company’s culture and whether they really include age, said Paul Lewis, chief client officer at Adzuna, a online job search engine. Older job seekers should look for language that specifically states the company does not discriminate based on age, he said.

Conversely, seniors should be wary of companies that use the term “digital native” in a job description or set a cap on the number of years of experience as a job requirement, said Karina Hertz, director of AARP strategic communications.

Additionally, websites like LinkedIn, Facebook, and Glassdoor can be helpful in finding resources and information about a company’s employment practices, including its commitment to older workers. And talking to current and former employees is also a good opportunity to gather information, Robertson said.

It’s also worth checking out what tools, if any, a company offers to help older workers find jobs. Humana, for example, has a careers site, with a “jobs after retirement” section where seniors can search for jobs, learn about popular roles for older workers, and get answers to FAQs, including what might be the impact of working on their Social Security benefits. Workers who are younger than what the Social Security Administration considers their full retirement age and earn more than the annual earnings limit, $19,560 in 2022, may have their benefits reduced. This means a deduction of $1 from your benefit payments for every $2 you earn above the annual limit, for those who have not reached full retirement age all year.

3. Tap HR for specific answers on learning, benefits

After doing your basic research, be sure to speak to a company’s human resources department to better understand company policies, Robertson said.

Seniors should inquire about the types of supports the company offers for caregivers and what flexible work options exist in case an employee needs to take on or increase existing responsibilities. This can include an array of options, including job sharing, compressed work weeks, remote work, hybrid work and project-based work, said Chantelle Johnson, associate vice president of the hand -work and culture at Humana. It’s also important to know if the company offers senior networking groups, which is a good way for mature workers to connect and benefit from shared experiences, she said.

Team collaboration approaches and learning and development opportunities are important to know in advance, said Ronni Zehavi, CEO of HiBob, an HR technology platform. “Even if someone has been in the workforce for 30 years or more, that doesn’t mean they’ve acquired all the wisdom they want,” he said.

It’s equally important to ask how this learning happens, as many older adults aren’t as tech-savvy as their younger counterparts. Find out if the company offers options other than online and app-based training, Robertson said. And health care options, including dental, vision and pharmaceutical benefits, become even more important as people age, so that needs to be understood, he added.

4. Know the red flags

Check to see if older workers are featured on the company’s website and in promotional materials. According to Lewis, it’s a bad sign if the organization chooses to only feature employees in their 20s and 30s.

And if a potential employer asks you how old you are, when you graduated, or any other question designed to gauge your age — whether on an application or during a job interview — consider that a red flag. , Hertz said.

They shouldn’t say things like, “I wasn’t even born when you had that work experience or went to college,” Lewis added.

TVS Motor Stock Set to Benefit from Profitability Gains in FY23: Brokerages

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Margin expansion expectations, picking up volumes, falling commodity prices, improving market share and increased focus on the electric vehicle (EV) product portfolio are triggers keys for India’s third largest publicly listed two-wheeler manufacturer, TVS Motor Company.


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First published: Sunday, July 10, 2022. 5:01 PM IST

Editorial overview: Saturday, July 9, 2022

The Index-Journal
July 7
Get ready for a big weekend

South Carolina Flower Festival, we thank you for all you gave us at the start of the spring and summer season in Greenwood. It was good to get out again, enjoy the topiaries, various events, gardens, wine walk/beer garden and much more.
You have prepared a lot for what awaits us in this busy weekend, which begins today.



Over this long weekend, throngs of people will flock to downtown Greenwood to enjoy the 21st incarnation of the Festival of Discovery and Greenwood Blues Cruise.
Congratulations to Paula Brooks who 22 years ago gave birth to this baby who has grown into the pretty impressive young adult he is today. And congratulations to city staff, from Angela Fain Lorenzen, who succeeded Brooks, to former city manager Charlie Barrineau, current city manager Julie Wilkie, community development manager Lara Hudson, Gibson Hill, who runs the events and is the market co-ordinator for the city, and a host of others who year after year help organize this event and have kept it so well maintained.
We’d be remiss if we didn’t also pay homage to Gary Erwin, the incredible coordinator and organizer of Blues Cruise, who has lined up the musicians since year one. Not only does Erwin bring all the musicians together and coordinate where and when they will perform, but he is also an accomplished songwriter, keyboardist and performer in his own right. He never disappoints.
So get ready now to go out today, Friday and Saturday, for great food, great music and great times. And yes, there will probably be heat. And a little rain. It’s July in South Carolina, after all, so dress appropriately, drink plenty of water to stay hydrated, and take breaks as needed. Don’t miss a great weekend.

Times and Democrat
July 7
RMC Necessity: Thrive, Not Just Survive



Orangeburg County continues to focus on development, seeking to market itself as an ideal location between Charleston and Columbia. A key part of any development plan is to show prospects that the community has quality health care.
For more than 100 years, the Regional Medical Center – and Orangeburg Hospital under various names – has anchored health care for the county in the state with the second largest area and served people from Calhoun, Bamberg and by the way. RMC is an essential regional health care facility for a large rural area, providing services beyond what is available in most rural hospitals.
Through transitions in the country’s healthcare system, RMC has remained viable. The challenges have been many for a public hospital (owned by Orangeburg and Calhoun counties) that has a disproportionate share of patients unable to pay for services. With the obligation to provide care to all comers, the RMC relied on government grants for indigent patients.
The formula today is different. The Affordable Care Act limited direct subsidies to hospitals for Medicaid expansion, giving those with program coverage to pay for care. But South Carolina never expanded its Medicaid program, which means there are no federal funds to accompany state dollars for new clients — and no dollars for RMC as it provides care for people who might otherwise have received Medicaid.
The RMC has asked for help from the state to meet the challenges of continuing to provide care in the face of monetary losses – losses that threaten the future of the RMC. But requests for funding to tackle more than $30 million in debt gave way in the legislature to a budget clause allowing RMC and the Medical University of South Carolina to explore a partnership.
Charleston-based MUSC and the Medical University Hospital Authority, a component of MUSC, are seeking a partnership with RMC that would provide RMC with a number of resources, including clinical, educational and research programs for the purpose of to improve hospital care and financial results. The proposal was the subject of a meeting last week involving Orangeburg and Calhoun county councils and legislative delegations, the RMC board and MUSC officials. The session was a first step.
Orangeburg representative Gilda Cobb-Hunter said that upon hearing about RMC’s financial difficulties, she wanted to make sure the hospital was solvent. She sees bonding with MUSC as a way to help RMC do more than just survive.
“We are not interested in the survival of the Regional Medical Center,” she said. “What we want to do is make sure RMC thrives.”



The proposal would keep the RMC board in place for quality oversight, accreditation of medical personnel and community engagement, while financial responsibility for RMC would rest with the MUSC board. All RMC employees would remain.
MUSC CEO Dr Patrick Cawley cited the benefits RMC would see from a partnership, including better market share and pricing for medical supplies and equipment, and MUSC’s leadership and experience.
Cawley also said another big benefit is recruiting nurses and doctors. MUSC would discuss whether RMC employees should become state employees. MUSC officials say that in other partnerships with MUSC, all have agreed to become state employees.
This relationship would mean that primary care physicians at RMC would have the opportunity to join the MUSC network.
Regarding hospital debt, Cawley said RMC and MUSC will work together as MUSC has done by linking up with other hospitals in the state, including MUSC Health Florence.
The plan gets the attention of the two county councils, which nominate the members of the RMC board of directors. He seems to have the support of lawmakers. And ultimately, he should have the support of current RMC board members. It’s not a done deal, but the plan has the potential to be good for RMC’s future as a public hospital that continues to be owned by the people of Orangeburg and Calhoun counties.
Cobb-Hunter is on the right track: “We believe that given the fiscal situation, the changing healthcare landscape, we’re going to have to find another way of doing business so that RMC not only survives, but prosperous.”



Post and courier
July the 5th
Welcome state’s dismissal of allegations of groundless election irregularities in primaries

File this under things we never thought we’d have to say: It was heartening to see the SC Republican Party Executive Committee unanimously overturn a decision by a rogue county party, which had voted to ignore the will of the voters after those voters did ‘ In support of the candidate for Greenville County Council, local elected officials preferred.
We can’t say for sure what motivated the GOP leadership to reject Councilman Joe Dill’s bid — or gubernatorial candidate Harrison Musselwhite and attorney general candidate Lauren Martel, who have yet to win. the GOP nominations last month. It is possible that the members of the executive committee simply preferred the candidates who won the elections.
But we prefer to believe what the party said, in all three cases: that “no candidate provided credible evidence that could quantifiably alter the outcome of the primary.” That is to say: just claiming that an election was stolen – without any credible evidence or even guidance – does not make it so.
If so, it marks an important step forward for party apparatchiks who were at the forefront of peddling the unsubstantiated and in many cases totally discredited claims that the 2020 presidential election was stolen. .
Our election results have always been disputed, some serious and some laughable. Who can forget the trial of Democratic presidential candidate Al Gore challenging George W. Bush’s 2000 victory in Florida – a victory that, too often forgotten, a team of reporters from the nation’s most respected mainstream media replicated when conducted their own recount after the fact?
But Mr. Gore, like all the other challengers who were given attention before 2020, accepted the decision of our judicial system. What sets 2020 apart is that former President Donald Trump and many of his supporters — including members of the SC Republican Party leadership — continued to insist that the 2020 election had been stolen. This is even though these claims have been dismissed in court after court, up to and including the United States Supreme Court, and including several Justices and Supreme Court Justices appointed by Mr. Trump.
While Greenville County Council winner Joey Russo stressed the importance of making sure every vote is legitimate, he also noted that “Orchestrate an effort to void (an) election because you don’t like results is just as dangerous to our elections as cheating”. in an election.”
Clearly, at least in Ms. Martel’s case, the orchestration began before the vote: On the day early voting began, she sent emails suggesting voters wait and vote on primary day. – implicitly endorsing unsubstantiated suggestions that only vote the cast would then be counted correctly. This in a state where there have been no credible allegations of widespread voting irregularities, and where the legislature nonetheless revised our election law this spring to inject several new layers of security.
We used to have a term for people who make such claims: paranoid conspiracy theorists. Now too often we just call them political candidates.

Service Corporation Stock: a deadly and serious investment

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AWhile the euphemistically called death care industry is not pleasant table conversation, it is important. It doesn’t matter who you are, what you believe in, or how much money you have, the Grim Reaper is coming for all of us. Therefore, Service Corporation (SCI) enjoys the best investment story of all: inevitability. I’m bullish on SCI stocks.

Scan the corporate headlines right now, and you’re almost certain to come across stories about a possible looming recession. As a result, many financial analysts steer their readership towards various insights that can help them navigate treacherous economic waters.

Under these circumstances, investors may be better served if they focus on relevant business models at all times, and death care couldn’t be more relevant if they tried.

Aside from respectfully various theological discussions, everyone who ever lived is dead. This is the fundamental driver of the SCI stock. Moreover, the intensity of this narrative aligns with basic economic principles.

Whether they live or not, people have to reside somewhere. Since land is a finite resource, at some point the prices of final settlements will skyrocket due to changing supply and demand dynamics.

In fact, several publications have warned that urban cemeteries are running out of space. In addition, BBC News reported a few years ago that the world was running out of burial space.

Admittedly, this is a macabre (some might say tasteless) investment thesis. Nonetheless, the stark reality is that SCI stock is sitting on an unprecedented demand driver.

Service Corporation can outperform

On TipRanks, SCI has a Smart Score rating of 8 out of 10. This indicates moderate potential for the stock to outperform the market as a whole.

SCI Stock and the Death Boom

In future history books, 2019 might be seen as a milestone in time. Not only was this the last year before the horrific COVID-19 pandemic, but it was also the year that millennials overtook baby boomers as the largest generation of living adults.

Nevertheless, the fact that it has taken young people so long to overtake baby boomers shows what Pew Research Center labeled as their outsized presence compared to other generations. In 1999, baby boomers reached their peak population at 78.8 million people. At the time, they represented more than 28% of the total population of the United States.

However, using simple logical deduction, what goes up must come down. What has historically represented the greatest boom in live births will invariably result in the greatest boom in final arrangements. With the aforementioned factor of limited space in cemeteries, the demand for traditional burials is sure to skyrocket.

Additionally, immigration patterns will eventually play a significant role for companies like Service Corporation. Without going into details, some religions have specific protocols for final arrangements that do not correspond to space-saving measures like cremation.

Again, various factors are converging “positively” for the death care industry.

Cynicism galore

Although SCI stocks are a cynical investment from a multitude of angles, the fact that people are dying is not part of a macabre thesis. Again, with the exception of some religious belief systems, everyone who lived died. The cynicism of Service Corporation and its ilk comes alive through the potentially coming recession.

According to various studies, major economic downturns are correlated with higher death rates. This is not an unusual thesis because, psychologically, many people’s sense of identity and worth is tied to their profession. As you know, one of the first questions asked during early social introductions is what a person does. Therefore, the inability to answer this question (because of layoffs) tends to increase deaths from despair.

Additionally, as confirmed by the COVID-19 crisis, simply being socially isolated can lead to health risks, such as unwanted weight gain. If left unchecked, the increase in sedentary lifestyles resulting from recessions – not to mention depressions – can lead to chronic diseases such as diabetes. Naturally, these poor health outcomes would increase the likelihood of higher death rates, thereby cynically increasing the stock of SCI.

Wall Street’s view on SCI stocks

As far as Wall Street is concerned, SCI is a moderate buy based on a single buy rating. Service Corporation’s price target is $74, implying an upside potential of 4.8%.

A rather believable story

To be completely transparent, an economic recession does not necessarily mean bad luck for people (and therefore a boom for the SCI stock). For example, fewer people with jobs translates to fewer people on the road, thus eliminating road fatalities, and fewer cars on the road also means better air quality, thus improving life expectancy. .

Nevertheless, as America’s opioid crisis has demonstrated, desperation is mounting. Therefore, the cynical argument for the SCI stock remains largely robust. However, whatever nasty factors surround the death care industry, they don’t change the demographic realities.

It comes down to basic scientific principles. Mass in a controlled environment is neither created nor destroyed. This means that anyone born into this world will eventually occupy this world permanently. Until that narrative changes, SCI stocks are an investment you can believe in.

Disclosure

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Seed equity is a great retirement plan, if you can pull it off

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Nearly two years ago, Trevor Ford quit a job at LendingTree that gave him a 401(k) plan and a generous employer match to work at Yotta, an online banking app.

When Mr. Ford started working there, Yotta, like many start-ups, did not offer 401(k) plans to its employees. Instead, Mr. Ford received equity compensation in the form of incentive stock options, which give him the right to buy company stock at a discount. He believes owning stocks early on offers a better opportunity to accumulate wealth than an employer-sponsored 401(k) plan with matching contributions.

“The net worth could be well into the seven figures, hopefully, and maybe more,” said Mr. Ford, who is 33 and lives in Austin, Texas. “That’s more than enough to retire.” But Mr. Ford’s equity will only have value if Yotta becomes a successful public company. (Yotta recently gave employees access to a 401(k) but doesn’t match their contributions; Mr. Ford makes a small contribution.)

Swapping a job at a company with a traditional 401(k) plan for a job at a startup that offers equity gives employees a rare opportunity to receive a large payout at a young age. Although the potential gain may be far greater than that of a traditional pension plan, equity is worth nothing until someone buys it or the company goes public.

“In terms of building wealth, investing in a 401(k) is like running a marathon, whereas investing in equity in a business is like running a sprint,” said Jake Northrup, certified financial planner at Experience your heritage in Bristol, RI, which specializes in helping millennials manage their equity compensation. “If a start-up hits a home run, you may be able to achieve financial independence at a very young age with your company’s equity,” Northrup added. He estimates that about 20% of his clients have received some sort of equity payment.

Mr. Ford is betting on equity in part because he watched his friend Andy Josuweit, founder and managing director of Student Loan Hero, receive a huge payout when LendingTree acquired the startup for $60 million in cash in 2018. “At 31, he walked away with a life-changing sum of money,” Mr Ford said.

Not all start-ups are successful, of course. A analysis conducted this year by CB Insights, a company that studies venture capital and start-ups, found that 70% of start-ups fail.

“You have to keep in mind that it might not work,” said Chris Chen, certified financial planner at Insight Financial Strategists in Lincoln, Mass. “When you’re in your 20s or 30s working in a start-up, time seems endless, but at some point you’ll have to retire,” Chen said.

Annie Fennewald was one of the first dozen employees at a fast-growing technology company in Missouri, and she worked there for almost seven years. In May, after selling her shares through a private equity sale, Ms Fennewald, 44, was able to retire about eight years earlier than she had planned.

Although she received a seven-figure payout, Ms Fennewald said she was not relying on her equity as her only retirement plan.

“I’ve always treated stocks like a lottery ticket,” she said. “It could be valuable, but I haven’t really staked my retirement on it.” When the company started offering a 401(k) plan four years ago, it paid out the maximum amount. Often, as start-ups move out of seed funding and reach 50 or more employees, they offer a 401(k).

But not everyone is able to sell their shares.

Danielle Harrison, a certified financial planner in Columbia, Mo., has a client who wants to retire but is waiting for her business to go public so she can raise nearly $2 million in equity. “It’s hard to completely depend on something like this,” said Ms Harrison, owner of Harrison Financial Planning.

If you’re a start-up employee and are considering forgoing a more traditional path of retirement savings in favor of equity, here’s what you need to know.

Stock-paid employees typically receive several thousand shares that they can purchase at a discounted price before the company goes public. If they leave the company, they usually have 90 days to purchase their options. For example, one of Mr. Northrup’s clients worked at a start-up company and had 65,000 stock options which were granted at 13 cents per share. His client paid $8,450 to exercise these options.

Shares in the company are now valued at more than $25, making those shares worth $1,625,000, whether the company makes an initial public offering or is acquired, Mr. Northrup said.

“The option you have when you leave is to buy the equity and hope that at some point something will happen,” said Jessica Little, 32. She and her husband, Matt Little, 40, worked on several early starts. -ups and usually buy their shares when they leave. This investment has paid off many times over, Ms Little said.

However, exercising stocks and buying stocks is not without risk. There is no guarantee that you will ever see this money again or that you will receive any gain from your investment, and the value of the stock may fluctuate.

The exercise of options also has tax consequences. “One of the reasons people don’t exercise their options is that it could cost millions of dollars in taxes,” said Jordan Gonen, co-founder and chief executive of Compound, a wealth management platform that helps people with equity manage their long-term financial health. These taxes must be paid even before the income from the investment is realized, Mr. Gonen said.

The need to have money to buy stock options and pay taxes on that purchase is why many people who work in start-ups are reluctant to tie up their money in vehicles. traditional retirement funds such as a 401(k) or a Roth IRA – neither. which can be fully accessed without penalties until later in life, Mr. Northrup said.

The mistake some people make is to become so attached to the company they work for and its stock that they don’t want to give up their capital, fearing they’ll miss a big payment, Chen said. “When you have equity and your salary is tied to the same company, you already have too many eggs in one basket,” Ms. Fennewald said. For some, this concern has taken on new urgency, given the recent plunge in start-up sales and IPOs, which fell more than 80% in the first half of this year, according to figures released this week. .

Both Mr. Chen and Ms. Harrison recommend saving money in multiple accounts, including a Roth IRA and a health savings account.

Many start-ups have high-deductible healthcare plans, so opening an HSA is a great way to have a triple tax advantage, Ms. Harrison said. The money is paid into the account tax-free. Money held there is not taxed, and when you withdraw money to pay for a health care expense, it is also not taxed.

Once employees have maxed out a Roth IRA and HSA, Mr. Chen and Ms. Harrison recommend that they open a taxable brokerage account that allows them to invest in stocks and bonds.

“If you are young and 20 to 30 years old before you need this money, you can invest in the stock market,” Chen said. A brokerage account might be a better investment plan if you’re young, he said, because if you take money out of a 401(k) or Roth IRA before the age of 59.5 years, it will be taxed as income (with some exceptions). But if you put money in an S&P 500 index fund and withdraw the money after a year or more, it will be taxed as capital gains, which at a rate of 15% is generally lower. at the income tax rate, he said. .

Mr. Ford worked at Student Loan Hero when it was acquired in 2018, and because he had equity, he received almost $200,000. After paying off his student loans and opening a Roth IRA, he opened a brokerage account.

After Ms Little and her husband used some of their capital to pay off student loans, they spent the rest buying property, including a lakeside house in Maine. “We see it as a retirement investment that we actively benefit from today,” said Ms Little, who is chief of staff at To catch, an app that helps users save for retirement by depositing a percentage of their earnings into an IRA “The return on these investments will be much more valuable in the long run than if we had funds wrapped up in a 401(k)”, said Ms. Little said. Her husband also works at Catch, and both contribute to 401(k) Catch offerings — although they don’t want to put all their money into it until retirement.

“Most young people don’t think about retirement or benefits the way their parents and grandparents did,” Ms Little said. Mr Ford admitted he doesn’t often think about retirement and neither do most of the people he interviews for jobs at Yotta. “Retirement benefits are not a deciding factor,” he said.

The Elbert Files: Interest Rate Hiccups

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Are we headed for a recession?


It’s a natural question when inflation is rising as rapidly as it has in recent months, but not an easy one to answer.


Might as well ask questions about the war in Ukraine: will it spread or settle into a Korean-style stalemate?


Or on gas prices: will they continue to climb or settle into a new normal as they did in the 1970s following the Arab oil embargoes?


Today’s inflation is the product of supply chain issues created by a global pandemic coupled with war in Ukraine, high gas prices and a host of other factors, all of which are twisted into a Gordian knot, like we haven’t seen in sometime.


But does that mean we are headed for recession?


Maybe, but maybe not.


One way to predict future recessions is to look to the past and see what makes sense.


That’s what economist and investment strategist James Paulsen of the Leuthold Group in Minneapolis did in a recent newsletter. Born and educated in Iowa, Paulsen is widely quoted and appears regularly on financial programs on CNBC and Bloomberg TV.


“Right now,” Paulsen wrote in a June 21 newsletter, “equities are in a bear market, but whether this proves to be an end of cycle ‘and lead to a recession’ remains to be seen. or just a “rate hiccup”. .


By “rate hiccups,” he means when interest rates change direction rapidly, usually as a result of action by the Federal Reserve Board of Governors.


Since the 1981-82 recession, the United States has experienced four economic downturns known as recessions, when total economic output has declined for at least two consecutive quarters.


The longest was what we now call the Great Recession, which lasted 18 months from December 2007 to June 2009 and was caused by the collapse of the mortgage industry. The shortest in recent history was the two-month COVID-19 recession two years ago, which lasted from February to April 2020.


The average number of interest rate hiccups between recent recessions has been two, according to Paulsen’s calculations.


So far, only one rate hiccup has occurred since the 2020 recession.


With current interest rates rebounding at or near historic lows, it seems to me there could be room for additional rate hikes before another recession sets in.


Of course, that depends on other factors, including how quickly recent rate hikes slow the economy. Much depends on consumer confidence. If he slams on the brakes, a recession would come sooner than if spending shifted to a lower gear.


Then there’s all the money the federal government pumped into the pipeline during the worrying days of the pandemic. It is targeted for new infrastructure, including rural broadband, and long-awaited upgrades to facilities such as Des Moines International Airport.


Most of this money is just starting to be spent and should continue to support various sectors of the economy, assuming things don’t get too overheated.


And that – too much heat – is what concerns the Federal Reserve today. This is why money magicians raise interest rates. This is what caused the hiccup in our current rate.


Which brings me back to Paulsen and his analysis of rate misfires.


Paulsen uses a chart of 10-year bond yields to show when rates crashed. And while today’s 2% yields are vastly different from the 12% yields of 1984, the economist sees a parallel in the hiccups.


Like today, he writes, inflation was the No. 1 fear in 1984.


At the time, the Federal Reserve was able to adjust interest in a downward slope that produced relatively solid growth for nearly eight years before the next recession hit in 1990.


Is it possible that the latest rate hikes by the Federal Reserve are a hiccup on an upward slope toward further growth, rather than signs of an impending recession?


Only time will tell.


Editorial Summary: South Carolina | Belleville New Democrat

The Index-Journal. July 7, 2022.

Editorial: Get ready for a big weekend

South Carolina Flower Festival, we thank you for all you gave us at the start of the spring and summer season in Greenwood. It was good to get out again, enjoy the topiaries, various events, gardens, wine walk/beer garden and much more.

You have prepared a lot for what awaits us in this busy weekend, which begins today.

Over this long weekend, throngs of people will flock to downtown Greenwood to enjoy the 21st incarnation of the Festival of Discovery and Greenwood Blues Cruise.

Congratulations to Paula Brooks who 22 years ago gave birth to this baby who has grown into the pretty impressive young adult he is today. And congratulations to city staff, from Angela Fain Lorenzen, who succeeded Brooks, to former city manager Charlie Barrineau, current city manager Julie Wilkie, community development manager Lara Hudson, Gibson Hill, who runs the events and is the market co-ordinator for the city, and a host of others who year after year help organize this event and have kept it so well maintained.

We’d be remiss if we didn’t also pay homage to Gary Erwin, the incredible coordinator and organizer of Blues Cruise, who has lined up the musicians since year one. Not only does Erwin bring all the musicians together and coordinate where and when they will perform, but he is also an accomplished songwriter, keyboardist and performer in his own right. He never disappoints.

So get ready now to go out today, Friday and Saturday, for great food, great music and great times. And yes, there will probably be heat. And a little rain. It’s July in South Carolina, after all, so dress appropriately, drink plenty of water to stay hydrated, and take breaks as needed. Don’t miss a great weekend.

___

Times and Democrat. July 7, 2022.

Editorial: RMC Necessity: Thrive, Not Just Survive

Orangeburg County continues to focus on development, seeking to market itself as an ideal location between Charleston and Columbia. A key part of any development plan is to show prospects that the community has quality health care.

For more than 100 years, the Regional Medical Center – and Orangeburg Hospital under various names – has anchored health care for the county in the state with the second largest area and served people from Calhoun, Bamberg and by the way. RMC is an essential regional health care facility for a large rural area, providing services beyond what is available in most rural hospitals.

Through transitions in the country’s health care system, RMC has remained viable. The challenges have been many for a public hospital (owned by Orangeburg and Calhoun counties) that has a disproportionate share of patients unable to pay for services. With the obligation to provide care to all comers, the RMC relied on government grants for indigent patients.

The formula today is different. The Affordable Care Act limited direct subsidies to hospitals for Medicaid expansion, giving those with program coverage to pay for care. But South Carolina never expanded its Medicaid program, which means there are no federal funds to go along with state dollars for new clients — and no RMC dollars because it provides care to people who might otherwise qualify for Medicaid.

The RMC has asked for help from the state to meet the challenges of continuing to provide care in the face of monetary losses – losses that threaten the future of the RMC. But requests for funding to tackle more than $30 million in debt gave way in the legislature to a budget clause allowing RMC and the Medical University of South Carolina to explore a partnership.

Charleston-based MUSC and the Medical University Hospital Authority, a component of MUSC, are seeking a partnership with RMC that would provide RMC with a number of resources, including clinical, educational and research programs for the purpose of to improve hospital care and financial results. The proposal was the subject of a meeting last week involving Orangeburg and Calhoun county councils and legislative delegations, the RMC board and MUSC officials. The session was a first step.

Orangeburg representative Gilda Cobb-Hunter said that upon hearing about RMC’s financial difficulties, she wanted to make sure the hospital was solvent. She sees bonding with MUSC as a way to help RMC do more than just survive.

“We are not interested in the survival of the Regional Medical Center,” she said. “What we want to do is make sure RMC thrives.”

The proposal would keep the RMC board in place for quality oversight, accreditation of medical personnel and community engagement, while financial responsibility for RMC would rest with the MUSC board. All RMC employees would remain.

MUSC CEO Dr Patrick Cawley cited the benefits RMC would see from a partnership, including better market share and pricing for medical supplies and equipment, and MUSC’s leadership and experience.

Cawley also said another big benefit is recruiting nurses and doctors. MUSC would discuss whether RMC employees should become state employees. MUSC officials say that in other partnerships with MUSC, all have agreed to become state employees.

This relationship would mean that primary care physicians at RMC would have the opportunity to join the MUSC network.

Regarding hospital debt, Cawley said RMC and MUSC will work together as MUSC has done by linking up with other hospitals in the state, including MUSC Health Florence.

The plan gets the attention of the two county councils, which appoint the members of the RMC board of directors. He seems to have the support of lawmakers. And ultimately, he should have the support of current RMC board members. It’s not a done deal, but the plan has the potential to be good for RMC’s future as a public hospital that continues to be owned by the people of Orangeburg and Calhoun counties.

Cobb-Hunter is on the right track: “We believe that given the fiscal situation and the changing healthcare landscape, we are going to have to find another way of doing business so that RMC not only survives, but prosperous. ”

___

Post and courier. July 5, 2022.

Editorial: Welcome SC dismissal of baseless claims of election irregularities

File this under things we never thought we’d have to say: It was heartening to see the SC Republican Party Executive Committee unanimously overturn a decision by a rogue county party, which had voted to ignore the will of the voters after those voters did ‘ In support of the candidate for Greenville County Council, local elected officials preferred.

We can’t say for sure what motivated the GOP leadership to reject Councilman Joe Dill’s bid — or gubernatorial candidate Harrison Musselwhite and attorney general candidate Lauren Martel, who have yet to win. the GOP nominations last month. It is possible that the members of the executive committee simply preferred the candidates who won the elections.

But we prefer to believe what the party said, in all three cases: that “no candidate provided credible evidence that could have quantifiably altered the outcome of the primary.” That is: simply claiming that an election was stolen – without any credible evidence or even indication – does not make it so.

If so, it marks an important step forward for party apparatchiks who were at the forefront of peddling the unsubstantiated and in many cases totally discredited claims that the 2020 presidential election was stolen. .

Our election results have always been disputed, some serious and some laughable. Who can forget the trial of Democratic presidential candidate Al Gore challenging George W. Bush’s 2000 victory in Florida – a victory that, too often forgotten, a team of reporters from the nation’s most respected mainstream media replicated when conducted their own recount after the fact?

But Mr. Gore, like all the other challengers who were given attention before 2020, accepted the decision of our judicial system. What sets 2020 apart is that former President Donald Trump and many of his supporters — including members of the SC Republican Party leadership — continued to insist that the 2020 election had been stolen. This is even though these claims have been dismissed in court after court, up to and including the United States Supreme Court, and including several Justices and Supreme Court Justices appointed by Mr. Trump.

While Greenville County Council winner Joey Russo stressed the importance of making sure every vote is legitimate, he also noted that “Orchestrate an effort to void (an) election because you don’t like not getting the results is just as dangerous to our elections as cheating. in an election”.

Clearly, at least in Ms. Martel’s case, the orchestration began before the vote: On the day early voting began, she sent emails suggesting voters wait and vote on primary day. – implicitly endorsing unsubstantiated suggestions that only vote the cast would then be counted correctly. This in a state where there have been no credible allegations of widespread voting irregularities, and where the legislature nevertheless revised our election law this spring to inject several new layers of security.

We used to have a term for people who make such claims: paranoid conspiracy theorists. Now too often we just call them political candidates.

END

Research Report on Global Insect Protein Market Size, Segments, Share and Growth Factors Analysis – Instant Interview

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Market analysis and overview of Global insect protein market

The insect protein market is expected to experience market growth during the forecast period from 2020 to 2027. Data Bridge Market Research analyzes that the market is growing with a CAGR of 24.2% during the forecast period from 2020 to 2027 and is projected to reach USD 2,067,993.62 thousand by 2027. Insect protein market dominates the market owing to the high consumption of insect-derived foods since ancient times and the presence of a large livestock fed with insect protein products.

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3 Executive summary
4 Premium Preview
5 Market Overview
6 Impact of Covid-19 on the Insect Protein Market in Healthcare Industry
7 Global Insect Protein Market, by Product Type
8 Global Insect Protein Market, By Modality
9 Global Insect Protein Market, by Type
10 Global Insect Protein Market, By Mode
11 Global Insect Protein Market, By End User
12 Global Insect Protein Market, By Geography
13 Global Insect Protein Market, Company Landscape
14 Swot Analysis
15 company profiles
16 Quiz
17 related reports

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Cost of living crisis leads to ‘staggering’ increase in extreme poverty -UNDP

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The global cost of living crisis is pushing an additional 71 million people in the world’s poorest countries into extreme poverty, a new report released Thursday by the United Nations Development Program (UNDP) warned.

UNDP Administrator Achim Steiner said an analysis of 159 developing countries showed that soaring prices for key commodities this year were already hitting parts of sub-Saharan Africa, the Balkans, Asia and Besides. UNDP called for tailored action. He sought direct cash payments to the most vulnerable and wanted wealthier countries to extend and expand the Debt Service Suspension Initiative (DSSI) they set up to help poor countries during the coronavirus pandemic. COVID-19.

“This cost of living crisis is pushing millions of people into poverty and even starvation with breathtaking speed,” Steiner said. “With this, the threat of increased social unrest is growing day by day.” Institutions such as the UN, World Bank and International Monetary Fund have a number of “poverty lines” – one for the poorest countries where people live on $1.90 or less a day. A $3.20 a day line for lower middle income economies and a $5.50 a day line in upper middle income countries.

“We project that the current cost of living crisis may have pushed more than 51 million additional people into extreme poverty at $1.90 a day, and another 20 million at $3.20 a day,” the report says. report, believing it would push the total globally. to just over 1.7 billion people. He added that government-targeted cash transfers would be more “equitable and cost-effective” than block subsidies on things like energy and food prices from which wealthier parts of society tend to benefit more. .

“Longer term, they are fueling inequality, further exacerbating the climate crisis and not mitigating the immediate blow,” said UNDP Strategic Policy Engagement Manager George Gray Molina. The past two years of the pandemic have also shown that these cash-strapped countries would need the support of the global community to fund these programs.

They could do that, Molina said, by extending the G20-led debt service suspension initiative https://www.worldbank.org/en/topic/debt/brief/covid-19-debt-service -suspension-initiative (DSSI) within two years and extend it to at least 85 countries out of the 73 currently eligible.

(This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

HEALTHCARE TRUST OF AMERICA, INC. ANNOUNCES RECORD DATE FOR SPECIAL DISTRIBUTION

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SCOTTSDALE, Ariz., July 6, 2022 /PRNewswire/ — Healthcare Trust of America, Inc. (NYSE: HTA) (“HTA”) today announced that its Board of Directors has established the last business day prior to the previously announced merger closing date ( the “Merger”) with Healthcare Realty Trust Incorporated (“HR”), which is currently expected to be Tuesday, July 19, 2022as a record date for the special distribution of $4.82 per Class A common share (the “Special Distribution”) payable pursuant to the merger agreement with HR. Pre-merger HTA shareholders on the record date will be entitled to receive the special distribution.

The Special Distribution is conditional on and subject to the approval by the shareholders of HTA and HR of the Merger and the successful closing of the Merger in accordance with the merger agreement. Subject to favorable shareholder votes, the Merger is expected to close on July 20, 2022 (the “Merger Closing Date”). The Special Distribution will be paid five (5) business days after the Merger becomes effective, which is currently expected to be Wednesday, July 27, 2022. Due to the contingent nature of the Special Distribution, HTA’s Class A common stock will trade with “notes payable”, representing an assignment of the right to receive the Special Distribution, commencing one business day prior to the record date. , which should be July 18, 2022until the closing date of the merger.

In addition, eligible holders of HTA’s Operating Partnership Units (“OP Units”) will receive a distribution of OP Units, which is on par with the special distribution of HTA’s Class A common stock described above.

Important information about the special distribution

Due to the contingent nature of the Special Distribution, as required by NYSE rules, HTA’s Class A common stock will trade with “notes payable”, representing an assignment of the right to receive the Special Distribution, commencing one business day before the check-in date, scheduled to be July 18, 2022until the Merger Closing Date (this period being the “Invoice Due Period”). ACCORDINGLY, HOLDERS OF CLASS A HTA COMMON SHARES ON THE RECORD DATE MUST HOLD CLASS A HTA COMMON SHARES UNTIL THE CLOSING DATE OF THE MERGER IN ORDER TO BE ENTITLED TO RECEIVE THE SPECIAL DISTRIBUTION. HTA SHAREHOLDERS WHO SELL THEIR SHARES ON OR BEFORE THE CLOSING DATE OF THE MERGER WILL NOT BE ENTITLED TO RECEIVE THE SPECIAL DISTRIBUTION. PURCHASERS OF HTA COMMON CLASS A SHARES DURING THE MATURITY PERIOD (EVEN IF THE TRANSACTION WILL SETTLEMENT AFTER THE MATURITY PERIOD) WHO HOLD SUCH SHARES ON THE CLOSING DATE OF THE MERGER WILL BE ENTITLED TO RECEIVE THE SPECIAL DISTRIBUTION IN THE EVENT THE MERGER IS SUCCESSFULLY CLOSED. SHAREHOLDERS WHO SELL CLASS A HTA COMMON SHARES DURING THE MATURITY PERIOD (EVEN IF TRADING WILL SETTLEMENT AFTER THE MATURITY PERIOD) WILL NOT BE ENABLED TO RECEIVE THE SPECIAL DISTRIBUTION IN THE EVENT THE MERGER IS SUCCESSFUL.

Due invoices oblige a seller of shares to return the dividend to the buyer. Call obligations are usually settled between brokers representing buyers and sellers of the security. HTA has no obligation as to the amount of the invoice due or the processing of the invoice due. Buyers and sellers of Class A HTA common stock during the maturity period should consult their broker before trading in Class A HTA common stock to ensure that they understand the effect of the maturity procedures of the NYSE.

The Class A common shares of HTA will begin trading ex-dividend on the first business day following the closing date of the merger. ACCORDINGLY, INVESTORS WHO ENTER INTO TRANSACTIONS TO PURCHASE HTA COMMON CLASS A SHARES ON OR AFTER THE EX-DIVIDEND DATE WILL NOT RECEIVE THE SPECIAL DISTRIBUTION.

About Healthcare Trust of America, Inc.
Healthcare Trust of America, Inc. (NYSE: HTA) is the largest dedicated owner and operator of medical office buildings in United Stateswith assets comprising approximately 26.0 million square feet of gross leasable area, and with $7.8 billion invested mainly in medical office buildings, March, 31st, 2022. HTA provides real estate infrastructure for the integrated delivery of healthcare services in highly desirable locations. Investments aim to create critical mass in 20-25 top entry markets that typically have top-tier academic and medical institutions, which typically results in superior demographics, highly skilled graduates, intellectual talent and job growth. The strategic markets in which HTA invests support strong long-term demand for quality medical office space. HTA uses an integrated asset management platform including site leasing, property management, engineering and construction, and development capabilities to create comprehensive, state-of-the-art facilities on every market. We believe this drives efficiencies, strong tenant and healthcare relationships, and strategic partnerships that result in high levels of tenant retention, rental growth, and long-term value creation. . Based at Scottsdale, AZHTA has developed a national brand with dedicated local relationships.

Founded in 2006 and listed on the New York Stock Exchange in 2012, HTA has produced attractive returns for its shareholders that have outperformed the US REIT index since its inception. More information about HTA can be found on the company’s website (www.htareit.com), Facebook, LinkedIn and Twitter.

Prospective language

This press release contains certain forward-looking statements regarding HTA. Forward-looking statements are statements that are not descriptions of historical fact and include statements regarding management’s intentions, beliefs, expectations, plans or predictions for the future, within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Because these statements involve risks, uncertainties and contingencies, actual results may differ materially and adversely from those expressed or implied by these forward-looking statements. These risks, uncertainties and contingencies include, but are not limited to, the following: HTA’s ability to complete the merger (the “Merger”) with HR on the proposed terms or within the expected timeframe, or not at all, including including the risks and uncertainties of securing the necessary shareholder approvals and satisfaction of other closing conditions to consummate the Merger; the occurrence of any event, change or other circumstance which may cause the definitive merger agreement relating to the Merger to be terminated; the risks of diverting the attention of HTA and human resources management from ongoing business operations; failure to realize the expected benefits of the Merger; significant transaction costs and/or unknown or invaluable liabilities; risks associated with shareholder litigation related to the Merger, including any resulting expense or delay; the risk that the activities of HTA will not be successfully integrated or that such integration will be more difficult, longer or more costly than expected; the ability to obtain the expected financing to complete the Merger; risks relating to HTA’s future opportunities and plans, including uncertainty about the combined company’s expected future financial performance and results after completion of the Merger; the effects of the announcement of the proposed transaction or any other announcement or completion of the Merger on the market price of the common shares of HTA or HR; the possibility that, if the combined company does not realize the perceived benefits of the merger as quickly or to the extent expected by financial analysts or investors, the market price of HTA’s common stock could decline; generally unfavorable local economic and real estate conditions; changes in economic conditions generally and the real estate market in particular; legislative and regulatory changes, including changes to laws governing the taxation of REITs and changes to laws governing the healthcare industry; the availability of capital; changes in interest rates; competition in the real estate sector; supply and demand for buildings in operation in the market areas offered by HTA; changes in generally accepted accounting principles in the United States; policies and guidelines applicable to REITs; the availability of assets to be acquired; the availability of funding; pandemics and other health issues, and measures to prevent their spread, including the ongoing COVID-19 pandemic; and the potential material adverse effect these matters could have on HTA’s business, results of operations, cash flows and financial condition. Additional information regarding HTA and its business, including additional factors that could materially and adversely affect HTA’s financial results, includes, but is not limited to, the risks described in Part I, Section 1A – Factors risk, in HTA’s 2021 Annual Report on Form 10-K and in HTA’s other filings with the Securities and Exchange Commission.

contacts

Financial details:
Robert A. Milligan
Financial director
480.998.3478

SOURCE Healthcare Trust of America, Inc.

Candidate Questionnaire: Woody Warren for Casper City Council

Woody Warren is running for a seat in Ward III of the Casper City Coincil. (Courtesy of Woody Warren)

CASPER, Wyo.– Election season is underway and Oil City News has sent a list of questions to every candidate for Casper City Council who has shown up to run in the primary election in August.

These questions are designed to give our readers a better understanding of the people behind the names on the ballot. Below, discover Woody Warrenrunning for a Ward III seat on the Casper City Council:

1. Who are you? (name, where you are from, job, hobbies, etc.)

Woody Warren. Born and raised in WY (born in Cheyenne, raised in Rock Springs). I skate and snowboard, fish, and love working on my many project vehicles.

2. Why did you decide to run for office and what do you hope to achieve if elected?

I decided to run in 2020, where I failed (725 votes) in the primaries. I decided to run again, because of my family. I want to show that a difference can be made, just by stepping up and making my voice heard. The main objective that I wish to accomplish would be to ensure, maintain and put in place measures to improve the financial situation of our city and reduce the excesses of the government.

3. How do you plan to achieve your goals?

The main step is to ask the hard questions. Mainly why… Why do we spend money where we are? Why do we need to spend money where we are? Is there a better (possibly local) option? With some of these issues will come a backlash. I’m waiting for this. But to fully understand our financial situation, you must be able to “go into the details” with the budget. It’s not tedious work, it’s boring. But every penny must be accounted for, and our government must account for every penny. In today’s economy, many families have to tighten their belts, so why not the government?

4. What experience do you have that qualifies you for the position you are seeking?

Over 20 years in retail have prepared me for this role. Not only financially (being able to write and maintain budgets, read and understand profit and loss), but it turned me into a servant leader. I want to serve. I want to hear.

5. Do you think you could be a good steward of taxpayers’ money? Why or why not?

I will be a good steward with taxpayers’ money. Being a registered libertarian, I strongly believe in fiscal responsibility and transparency. I’m NOT for reckless spending and I’m NOT afraid to ask the hard questions. And besides, taxation is theft anyway……

6. On the issue of transparency, how far along are you in ensuring that all public affairs are conducted openly and in a manner that encourages public participation?

I am 100% for transparency. The community deserves to know exactly where their money is being spent.

7. Do you think the office or board position you are seeking has been open and honest with the public? If so, how can the entity remain open and transparent in the conduct of public affairs in the future. If not, what changes would you implement to ensure that all future transactions are open and transparent?

I don’t think they were as transparent as they could have been. There have been times over the past few years when I’ve been happier with the amount of information provided, but too many times have I heard “Well, that’s the way things are.” The main solution to this would be to just (again) ask the questions and force the council, city manager, etc. answer the question to such an extent that the audience is satisfied with the answer or has a better understanding of the problem.

8. If you were chairing a meeting and a topic was discussed that you did not fully understand, would you ask for a more detailed explanation during the meeting or would you seek the information after the meeting?

Yes.

9. If elected or re-elected, do you plan to seek major political changes in your chosen position? If so, what would those changes be? If not, why not?

The main problem (as I see it), is not a splashy one. Budgets and finances are one of the biggest issues I see day in and day out with our city. The only policy changes I would make would be to remove (and restrict) orders that result in greater government overreach in our community.

10. Is there anything the questions above did not ask that you would like to comment on?

No.


NOTE: All of the principal candidates who applied for the Casper City Council received questionnaires at the same time and Oil City News will publish the responses in the order in which they are received. Candidates’ answers are edited for clarity and style only.

If you are a candidate and have not seen the questionnaire in your inbox, please email [email protected]. Oil City News sent questionnaires to Natrona County candidates running in the primary for municipal, county office or a seat in the Wyoming Legislature based on email addresses shared by the office of the Natrona County Clerk; if you prefer the questionnaire to be sent to another address, please let us know.

Nigerians express frustration over cost of living crisis

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When Gbenga Oladejo, a 42-year-old carpenter in Lagos, celebrated Muhammed Buhari’s victory in the 2015 presidential election, he hoped for a better life from a president who promised to root out corruption, reform a petrodollar-addicted economy , reduce poverty and create jobs.

But seven years later, his hope for a better life faded as he was forced to close his carpentry shop. Low attendance and his inability to keep up with soaring rental costs — on top of his kids’ tuition and all the other ever-increasing costs for a family of four — the forced it to close.

“The constantly rising prices of all items make it very difficult for us. We can barely feed ourselves since I closed my shop and the prices are going up every day,” he said.

“It was not the change Buhari promised us and I regretted voting and campaigning for him in 2015,” he said.

Chinedu Okafor, 37, was born and raised in Ikeja, Lagos and now lives in a self-catering apartment in a suburb of Ikorodu. In March, its landlord raised his rent from N120,000 to N200,000.

His rent now represents 40% of his annual teaching income. “It’s difficult right now for me,” he said.

“The recent rent increase by my landlord is a blow to me. After buying food, paying electricity and other bills, I have nothing left to save,” he lamented. “I pray that I don’t get sick because I can’t even afford health care.”

Benedicta Denedo, an accountant in an engineering company in Ikeja, benefits from health insurance offered by her employer. Denedo pays out of pocket for his mother who is battling diabetes and rheumatism.

She said: “The prices of all the medicine my mum is taking for her diabetes have almost doubled, and the cost of transport to hospital has also doubled, but my salary is still the same. It’s been hard for us, and I’m the only one my mom has to rely on.

“The sad thing about all of this is that the government is not even doing anything to help its citizens. I will not vote in 2023 because they are all the same. They make all the promises and after winning they never keep them.

Many households and businesses across the country have been treading water for decades – weighed down by stagnating incomes and rising prices. But the acceleration in inflation that has resulted from the COVID-19 pandemic and the impact of the Russian-Ukrainian war has sparked a wave of frustration among Nigerians.

The country has suffered two recessions in the last six years, which have exacerbated the levels of poverty and unemployment in the country.

Also read: The cost of living crisis has a global toll

Average prices for major commodities in major cities across the country have jumped more than 200% since 2015, driving inflation to 17.71% in May.

Inflation in Africa’s largest economy has remained in double digits every year since hitting single digits in 2015, wiping out much of Nigeria’s middle class, according to SB Morgen.

Inflation rate accelerated from 9.01 in 2015 to 15.68% in 2016, 16.52% in 2017 but slowed down to 12.09% in 2018. It dropped further to 11.40% in 2019 but jumped to 15.75% in 2020 and 15.63% in 2021, according to a recent report by SB Morgen.

Insecurity has worsened in the country, with an increase in killings and kidnappings. Foreign investment plunged and the naira fell.

Nigerians have had to bear the brunt of a rotting economy. With companies groaning over rising production costs, which have worsened this year amid runaway inflation, rising diesel and energy costs.

Currently, more than 105 million Nigerians still live in extreme poverty, according to data from the Brookings Institute’s World Poverty Clock. The World Bank, in its latest report on Nigeria’s development, said accelerating inflation will push an additional 7 million people into poverty by the end of 2022.

The country’s unemployment and underemployment rate stood at 56.1 percent in the fourth quarter of 2020, according to the National Bureau of Statistics, with 14 million jobless young people campaigning for a better life.

Its GDP per capita has been declining every year since 2016, a sign that the economy is unable to provide enough opportunities for its rapidly growing population.

GDP per capita decreased by 0.02%, 4.16% and 1.78% in 2015, 2016 and 2017 respectively. In 2018, 2019 and 2020, it decreased by 0.68%, 0.38% and 4.57%, according to the most recent data from the World Bank.

Revenue from the Suez Canal in Egypt hits a record $7 billion

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A shipping container crosses the Suez Canal in Suez, Egypt February 15, 2022. Picture taken February 15, 2022. REUTERS/Mohamed Abd El Ghany

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CAIRO, July 4 (Reuters) – Revenue from Egypt’s Suez Canal hit a record $7 billion in the financial year to June 30, up 20.7% from previous year, Canal Authority chairman Osama Rabea said Monday.

A statement from the authority attributed the increase to an increase in the number of vessels and cargoes, with total cargoes reaching a record high of 1.32 million tonnes, up 10.9% from 2020/21.

The number of vessels passing through the canal increased by 15.7% to 22,032.

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The canal is the fastest shipping route between Europe and Asia and one of the main sources of foreign exchange for the Egyptian government.

A canal expansion in 2015 resulted in a limited increase in revenue and a further expansion is expected to be completed in 2023.

The second expansion was announced after the freighter Ever Given ran aground in the channel for six days in March last year, disrupting global trade.

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Reporting by Mahmoud Salama Editing by David Goodman

Our standards: The Thomson Reuters Trust Principles.

Seylan Bank, treating the export industry as a national obligation – Financial News







Sri Lanka’s current macroeconomic environment has posed many challenges to the export sector, primarily with currency issues and global supply chain challenges. Seylan Bank PLC International Deputy Managing Director Dilan Wijegoonawardena is an industry veteran with 30 years of experience. As a business leader leading one of the bank’s most crucial functions, he shares his perspective on the export industry and the national duty to support the sector now more than ever.

How has the export sector behaved in recent months?
Exporting companies have seen robust activity in the second half of 2021. Since August (2021), the country’s monthly exports have consistently reached over $1 billion. The sector prospered overall, with apparel and agriculture performing exceptionally well.

However, as a country, we are highly dependent on remittances from inbound workers, exports and tourism respectively for foreign currency. Currently, there is a sharp decline in the remittance sector. With the arrival of the pandemic, the tourism industry was affected, and then the pandemic also spread to the remittance sector. In 2020, workers’ remittances brought in US$8 billion to the country, or about 8% of our GDP. In 2021, it fell 22% and hovered around US$5.4 billion. That in itself paved the way for the current crisis we are facing.

Usually the majority of our tourists come from Russia, Ukraine, India and China. There was no tourism revenue last year, but tourism started to pick up in January. However, there were no Chinese tourists, as they are not yet allowed to travel. And unfortunately, because of the war, the arrival of Ukrainian tourists stopped. So we don’t know what will happen to Russian and Ukrainian tourism in the future and it will reduce our tourism income. Therefore, an improvement in remittances is uncertain in the near future.

Therefore, as a country, we will have to rely solely on exports. And, as a bank, we view export support as a national obligation. Not only do we facilitate exports, but we also facilitate imports for these exporters. For example, garment exporters are also importers because much of their material, such as thread and buttons, is imported. We also lend to the indirect export sector which has gone largely unnoticed. They import the necessary materials for the exporters and we also try to meet all their requirements since they are an integral part of the export industry. So, as you can see, we facilitate the whole export process, to get the machinery running.

How does Seylan Bank’s international hub facilitate exports?
Facilitating business transactions is our core business. Functionally, we are the liaison factor between the agencies and the credit units. Customers request various business facilities in branches, which reach the credit unit for assessment and confirmation of the suitability of the request. This is where we come in as an international division. We facilitate commercial demand, dispense our know-how, organize international correspondent banking relations, provide exporters with information on buyers, help them to structure payments and documentation in the best possible way.

At Seylan Bank, how do SMEs fit into the global export landscape?
Seylan Bank primarily supports the small and medium enterprise (SME) sector. While our client base is a combination of large corporations and SMEs, our strength is the SME sector. Our branch network all over the island, our accessibility and our credit hubs throughout the country support and fuel the dynamics of SMEs.

We have several ways to facilitate exporting companies. For example, we provide pre-shipment loans to exporters based on confirmed orders, which is equivalent to working capital for them to run their business. Once they have dispatched their goods, we also offer post-shipment facilities such as discounted payment on their invoices, the bank taking on the risk and allowing SMEs to fund their working capital as they receive immediate a cash payment. Seylan Bank works with over 500 international correspondent banks worldwide to facilitate international trade with any sector and receive export earnings on time and as such is able to support SMEs globally in their exports.

We are also working on a new product, a dedicated line of credit for exporters, helping direct and indirect exporters to obtain more working capital. We hope to make it available soon to further support domestic exports.

A good number of new companies regularly enter the export market with unique products. How can these start-ups benefit from Seylan Bank’s products and services?
Based on the current macroeconomic situation, exporters are facing many challenges such as rising freight costs and rising insurance costs. Borrowing costs have also increased following recent political announcements, which will in turn affect their working capital cycle. Until recently, they were also affected by exchange rate anomalies between the formal and informal sectors. Since we consider export support a national obligation, we have made sure to offer exporters the best possible rates to ensure they can remain competitive.

We also extend information services to exporters who wish to make a risk assessment on potential buyers. Our relationship with information providers in various international markets enables us to obtain detailed status reports on buyers, which we then share with exporters, enabling them to make informed decisions at the most granular level, understanding the possible business opportunities and threats.

Finally, as a bank that has always worked with SMEs, what do exporters and start-ups in the sector need to know to work with Seylan?
The bank with a heart is our golden theme. Any start-up client should feel very comfortable entering one of our branches spread across the island or at the Seylan head office. You’ll get the same award-winning service at all of our locations thanks to our dedicated team members. You may not have the required working capital or know-how. Your initiative is enough to accompany you and raise you to the rank of good exporter. This is the responsibility that we will assume as the Heart Bank.

We will finance them, give them technical know-how and organize and facilitate trade so that they can reach the level of established exporter.


Fifth Third Bancorp holds $4.99 million position in iShares Edge MSCI USA Quality Factor ETF (BATS:QUAL)

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Fifth Third Bancorp reduced its stake in iShares Edge MSCI USA Quality Factor ETF (BATS:QUAL – Get Rating) by 82.0% in the first quarter, HoldingsChannel.com reports. The company held 37,058 shares of the company after selling 168,971 shares during the quarter. Fifth Third Bancorp’s holdings in iShares Edge MSCI USA Quality Factor ETF were worth $4,989,000 at the end of the last reporting period.

Several other institutional investors have also recently changed their holdings of QUAL. Accel Wealth Management bought a new position in iShares Edge MSCI USA Quality Factor ETF in the fourth quarter worth approximately $29,000. JFS Wealth Advisors LLC increased its position in iShares Edge MSCI USA Quality Factor ETF shares by 182.7% during the fourth quarter. JFS Wealth Advisors LLC now owns 229 shares of the company worth $33,000 after purchasing an additional 148 shares in the last quarter. Reilly Financial Advisors LLC bought a new stock position in iShares Edge MSCI USA Quality Factor ETF during the fourth quarter for a value of $36,000. West Bancorporation Inc. purchased a new stock position in iShares Edge MSCI USA Quality Factor ETF during the fourth quarter for a value of $38,000. Finally, Lindbrook Capital LLC bought a new stock position in iShares Edge MSCI USA Quality Factor ETF during the fourth quarter at a value of $43,000.

QUAL opened at $112.32 on Friday. iShares Edge MSCI USA Quality Factor ETF has a 12-month low of $71.96 and a 12-month high of $88.63. The company’s fifty-day simple moving average is $118.62 and its 200-day simple moving average is $128.66.

Read more

Want to see which other hedge funds hold QUAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares Edge MSCI USA Quality Factor ETF (BATS:QUAL – Get Rating).

Institutional ownership by quarter for iShares Edge MSCI USA Quality Factor ETF (BATS:QUAL)



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Odisha government increases sports budget to Rs 911 crore to boost infrastructure

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In a bid to give a boost to the sports sector in the state, the government of Odisha has increased its sports budget to Rs 911 crore in the annual budget of 2022-23.

The announcement was made on the first day of the National Assembly’s budget session on Saturday.

The state budget for the sports sector in the financial year 2021-22 was Rs 405 crore.

Under this sports budget of Rs 911 crore, an amount of Rs 719 crore is earmarked for the development of sports and youth services and other sports infrastructure in the state.

The state government has also provided an amount of Rs 115 crore for the promotion of sports education and Rs 11 crore for state support to Khelo India. About Rs 59 crore was allocated for administrative expenses.

According to an official statement, sport has been one of the priority sectors of the Odisha government over the past decade. The state government invested significantly in sports between 2010-11 and 2021-22, starting with the sports budget from Rs 28 crore in 2010-11 to Rs 301 crore in 2020-21 and Rs 405 crore in 2021-22 with a significant part dedicated to the development of infrastructures and the hosting of major events.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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Weekly Stock Update: Nigerian Exchange Group Record Gains, Up 0.24%

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The Nigerian stock market closed higher during the week, with the All-Share Index gaining 0.24% during the week ended July 2, 2022. This follows the 0.14% decline recorded the previous week.

This is according to information contained in the weekly stock market report, published by the Nigerian Exchange Group.

The benchmark, ASI, rose 0.24% from 51,705.61 points at the end of last week to close the week at 51,829.67 index points, while the market capitalization followed suit to close at 27.94 trillion naira.

This brings the month-to-date performance of the Nigerian stock market to 0.02% and a year-to-date gain of 21.33%.

Equity market performance

A total of 1.35 billion shares worth N24.49 billion were traded during the week out of 22,155 trades on the trading floor. This is more than the 1.12 billion units of shares valued at N13.70 billion that traded hands the previous week in 22,350 transactions.

Similar to the previous week, the financial services sector topped the business chart in terms of volume of shares traded with 1.01 billion shares valued at 6.80 billion naira traded in 11,352 deals; thus contributing 74.87% and 27.75% respectively to the volume and value of the total turnover of the shares.

The conglomerate industry followed with 79.62 billion shares worth N144.55 billion in 689 deals, while the oil and gas industry was in third place with turnover of 73, 00 million shares worth N1.86 billion in 1,799 transactions.

Trading of the top three stocks by volume, namely MBENEFIT Plc, LIVING TRUST Plc and GTCO Plc, accounted for 484.84 million shares worth N2.41 billion in 2,410 trades, contributing 35 .97% and 9.86% to the volume and value of the total turnover of the shares.

Similarly, 11 indices finished higher, while 6 indices fell except for the NGX Sovereign Bond index and the NGX ASeM index, which remained unchanged.

TOP WINNERS

  • JOHNHOLT up +30.16% to close at N0.82
  • CORNERST up +20.97% to close at N0.75
  • OKOMUOIL up +12.09% to close at N216.90
  • TIP up +10.00% to close at N0.44
  • FBNH up +9.95% to close at N11.60

TOP LOSERS

  • PZ down -18.40% to close at N10.20
  • UPL down -10.42% to close at N2.58
  • PRESTIGE down -10.00% to close at N0.36
  • NGXGROUP down -9.55% to close at N22.25
  • HONEYWELL down -8.91% to close at N2.76

Summary

The price of thirty-four (34) shares appreciated during the week, higher than that of sixteen (16) shares the previous week. Twenty-nine (29) stocks depreciated at a price lower than fifty-six (56) stocks the previous week, while ninety-three (93) stocks remained unchanged above the ninety- four (84) actions recorded the previous week.

‘The Dad Gang’ founder Sean Williams is building a global community for black dads

Author and founder of The Dad Gang Sean Williams is leading the charge to change the narrative surrounding black fathers. The movement began after Sean met a woman at his neighborhood store who praised him for being an active dad while out shopping with his youngest daughter. This brief encounter sparked a movement that has helped build a community of over 3,000 members of fathers who support and encourage each other.

Due to Sean’s commitment to uplifting fathers, The Dad Gang has been widely recognized by Oprah Winfrey, Steve Harvey and Will Smith. The organization led partnerships with Dove Men Care and Walmart in donating $50,000 to fathers in need who have been impacted by COVID through its nonprofit Random Acts of Dadness. For his kindness, Sean received this year’s NAACP Unsung Hero Award for leading the Black DadsMatter march in response to the murder of George Floyd.

Sean sat down for an interview with Forbes The Culture to talk about his advocacy for black dads, his new Girl Dad book and the ongoing work of The Dad Gang. This interview has been edited for clarity and conciseness.

For(bes)Culture: What inspired you to start The Dad Gang movement?

Sean Williams: So The Dad Gang was born out of a sly compliment I got a few years ago. When I had my second child, it was a baby at the time. An older white woman just stopped me to compliment me saying, oh, so good to see you still being an active dad. So at that point I was offended, but it was a teachable moment because many black fathers like me are not idle. It is a false narrative that has been perpetuated all these years.

For me, a light bulb went out and I needed to create something that could change that stereotype, because I and all my friends were very active dads. So, the Dadgang was created to be a platform to spread those positive images, videos, and our experiences as active black dads. And the idea was, hopefully, if we circulated as many images as possible, the narrative would start to change.

For Culture: What are you doing specifically to combat stereotypes around black fatherhood?

Sean Williams: We don’t do anything but be dads. Outside of social media, we have a Dads Walk every Father’s Day. We wanted to take our mission from Instagram to real life. So, we had over a hundred dads come to Brooklyn for our first stroller with homies event, and it went viral. We had brunches and hosted panels because changing the narrative was one thing, but then you realize that dads also need a community to share tips, experiences, and become better dads.

For Culture: How did your experience as a daughter’s dad inspire your Girl Dad book?

Sean Williams: Kobe Bryant has ever wondered, does he feel weird not having a son to continue his legacy? And the whole idea of ​​him saying no, I’m proud to be a father of a girl, because look at her, she’s on a lot doing her thing. Rest in peace to them both. It was a real pivotal moment for all dads and daughters. I’m changing the narrative with dad, so I got on with HarperCollins so all those new dads and young dads can understand that being a girl dad is an amazing experience.

Raising a girl forces men to do different things. Now we’re into bows and combed hair. We do all these things that may seem feminine, but that’s okay, because you’re a father and you’re raising a daughter. So you can sit at tea time, play with makeup, and it doesn’t affect your masculinity in any way. This book was meant to highlight and celebrate that relationship between a father and daughter from the very beginning.

For Culture: What advice do you give to fathers who have broken relationships with their children?

Sean Williams: Well, to start, it’s never too late. Often fathers can get off to a bad start. At any time, you may realize that being a father to your children is probably the best thing that can happen to you both, you have time to do it. You can reverse this relationship at any time. Many guys also have a feeling about the financial responsibility of fatherhood and that’s the furthest thing from your mind when raising a little human. If you’re thinking about money, you’re already off to a bad start. So I try to tell dads not to think about the tangible return. Don’t think about what you’re spending, because being a parent is so much more rewarding. Once you tap and show up, you have a front row seat to the best show in the world with these kids.

I don’t think anyone naturally wants to turn their back on their child. With The Dad Gang, we don’t talk about deadbeat dads in a way that berates them or makes them feel bad. Instead, we say, you have the option to come back, it’s not the end of the world. There’s help here, resources, and a community that wants to help give you the opportunity to do better. We’ll never avoid them, because if we do, they won’t see the examples we’re trying to spread.

For(bes)Culture: What’s next for The Dad Gang?

Sean Williams: We are going to globalize. So watch out for that and we’ve got dad’s random acts. Dad needs support not just in America but around the world.

Invesco Unveils ESG Multifactor Corporate Bond ETFs in EUR | ETF strategy

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THEMATIC INVESTMENT – WEDNESDAY 29 JUNE 2022 (08:15-11:30) – THE BILTMORE MAYFAIR, LONDON Please join us for our annual Thematic Investing Breakfast with participation from MSCI, WisdomTree, KraneShares, ETC Group/HANetf and Global X. Please register now if you would like to attend.


Invesco launched two new actively managed ETFs in Europe offering exposure to Euro-denominated corporate bonds that meet ESG criteria and were selected using a multi-factor approach.

Invesco has launched two ESG-conscious smart beta corporate bond ETFs.

The Invesco EUR Corporate Bond ESG Multi-Factor UCITS ETF (Acc: ECMA GY; Distribution : ECMF GY) covers bonds of all maturities, while Invesco EUR Corporate Bond ESG Short Duration Multi-Factor UCITS ETF (Acc: ECMS GY) targets bonds at the beginning of the yield curve.

ECMA and ECMS are listed on Deutsche Borse Xetra in euros with fee rates of 0.19% and 0.15%, respectively.

ECMA, the broad-dated ETF, is compared to the Bloomberg Euro Corporate Bond Index which consists of Euro denominated fixed rate corporate bonds from global issuers with investment grade credit ratings. Eligible issues must have a nominal outstanding amount of at least €300 million.

ECMS, the short-dated ETF, is compared to Bloomberg Euro Corporate Bond Index 1-5 years which has the same eligibility conditions but consists only of bonds with residual maturities between one and five years.

Each ETF may invest up to 30% of its assets in unsecured corporate bonds denominated in currencies other than the euro, with currency risk hedged into euros at Invesco’s discretion.

Securities are selected for each ETF based on their compliance with ESG criteria as well as their attractiveness according to Invesco’s quantitative investment model.

Violators of international standards as well as companies involved in nuclear energy, coal, oil and gas, controversial weapons, military weapons, civilian firearms, tobacco, stem cell research and genetic engineering will not be eligible for selection.

Due to socially responsible selection, each ETF is classified as an Article 8 product under the European Union’s Sustainable Finance Disclosure Regulation (SFDR).

Using proprietary models developed by the Invesco Quantitative Strategies (IQS) team, each ETF then creates three individual factor portfolios with bonds that have been selected and weighted to favor issuers with higher value exposure, low volatility and factor risk premia. These three factor portfolios are then combined to create a multi-factor portfolio with an equal risk contribution for each individual factor.

Invesco then benchmarks each multi-factor portfolio against its original universe, limiting country weight differentials to 8%, sector weights to 5%, issuer weights to 3% and weighted average duration to 0.2 years.

Paul Syms, Head of EMEA Fixed Income ETF Product Management at Invesco: “Fixed income securities have become much more attractive this year. European credit yields are at the highest levels we have seen in a decade due to a combination of higher interest rate expectations and wider spreads over government bonds. Fixed income investors have more to consider today than in recent years, especially if they have sustainability goals as well as financial goals. Our new ETFs allow investors to position their portfolio according to their own economic views, either investing across the full maturity curve if they believe yields are close to peaking, or focusing on a short maturity if they are concerned that interest rates will rise more than what is currently assessed. on the market.

Erhard Radatz, Senior Portfolio Manager, Invesco Quantitative Strategies: “Introducing ESG principles into a corporate bond portfolio typically means sacrificing yield relative to a standard non-ESG benchmark. This is partly due to the exclusion of traditionally high yield segments and because issuers that reduce their ESG risks tend to be of higher quality and therefore offer lower yields. You could make up for the shortfall by overweighting issuers with lower credit ratings, but that might not be in investors’ best interest. Instead, we use a factor-based approach to reset characteristics such as duration and credit risks so that the ESG portfolio is more aligned with the standard benchmark.

Gary Buxton, Head of EMEA ETFs and Indexed Strategies at Invesco: “Most ETFs you’ll find in the market are passive, but we recognize that an active or quantitative approach can yield a potentially better outcome in some situations. By “better” I mean more aligned with the investor’s goals and expectations for return and risk. That’s why we take an unbiased approach to product development with decisions ultimately guided by investor demand and market dynamics. Where appropriate, we can leverage the expertise of Invesco’s global resources, such as our IQS team’s 30+ years of experience integrating factor investing and ESG into client portfolios.

Sandstorm Gold Royalties Brief: declared its third quarterly cash dividend for 2022 in the amount of CA$0.02 per common share to holders of record at the close of business on July 19, 2022

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Newswires MT 2022

All news about SANDSTORM GOLD LTD.

Analyst Recommendations for SANDSTORM GOLD LTD.

2022 sales 164M
127M
127M
Net income 2022 86.2 million
66.8 million
66.8 million
Net debt 2022

PER 2022 ratio 34.1x
2022 return 1.00%
Capitalization 1,534 million
1,190 million
1,190 million
capi. / Sales 2022 9.34x
EV / Sales 2023 9.06x
# of employees 23
Floating 96.2%

Chart SANDSTORM GOLD LTD.


Duration :

Period :




Technical analysis chart of Sandstorm Gold Ltd.  |  MarketScreener

Trends Technical Analysis SANDSTORM GOLD LTD.

Short term Middle term Long term
Tendencies Bearish Neutral Neutral



Evolution of the income statement

Sale

To buy

Medium consensus SURPASS
Number of analysts 9
Last closing price $7.98
Average target price $13.00
Average Spread / Target 62.9%


HIMA Group achieves record sales in fiscal year 2021

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HIMA Group achieves record sales in fiscal year 2021

June 28, 2022 – Brühl, Germany – Despite a very difficult 2021 financial year, the HIMA Group increased, with all key performance indicators positive. The provider of safety-related automation solutions expects further growth in 2022.

The HIMA Group achieved its highest turnover since its creation 114 years ago and increased its sales by 5.8% to 126.9 million euros in 2021.

“We not only met our economic targets last year, we exceeded them. For 2022, we also expect solid growth and plan above-average investments for the continued expansion of our global business,” said Jörg de la Motte, CEO.

While the process industries (oil and gas, refining and chemicals) account for around three-quarters of turnover, the rail technology sector has also seen a positive development. Across all sectors, 35% of business was generated by services and software.

Demand growth was positive in all of HIMA’s main markets. Geographically, 54% of turnover is generated in Europe, with the Middle East representing 18%, Asia 16% and the Americas 5%. The remaining 7% came from global projects spanning multiple regions of the world.

“HIMA weathered the pandemic well, was able to do without partial unemployment and reacted with agility to the new demands with teleworking and virtual work. We were able to maintain our ability to deliver in a very difficult environment. We are also looking at ourselves into the future with positive expectations,” explained Chief Financial Officer Dr. Michael Löbig.

The need for security-related solutions is increasing. It is becoming increasingly important to offer operators solutions that meet their needs and create real added value through the digitalization of processes. The independent family business relies on strategic partnerships and partnership with customers.

An example in the field of security was the 2019 partnership between HIMA and genua GmbH, a German IT security specialist. Another this year was the partnership with Mangan Software Solutions, a software provider for digitizing the security lifecycle. To promote innovative solutions with customers, two Customer Solutions Centers were opened in Germany and Singapore.

“We are banking on partnerships! On the one hand, we will continue to expand our strategic collaboration with complementary and innovative suppliers and, on the other hand, find new ways to strengthen the value and models of our partnership with our customers. Here, the recent Open Customer Solution Centers offer us completely new possibilities,” says Jörg de la Motte.


About HIMA


HIMA Group is the world’s leading independent provider of safety-related automation solutions for the process and rail industries to protect people, property and the environment. Founded in 1908 and based in Germany, the family business has around 800 employees and operates worldwide.





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New Resource Examines Solar Decommissioning | Community

LYONS, Neb. – Falling equipment costs coupled with increased demand for clean energy has led to a rapid increase in solar development over the past decade, a trend that is expected to continue, particularly in rural areas, according to a new Center for Rural Affairs resource guide.

“Solar projects are often located in rural areas and can provide many benefits to nearby communities, including rental payments to landowners, increased tax revenue and job creation,” said Heidi Kolbeck-Urlacher, senior policy associate at the Centre, author of the guide. . “But local governments also need to think about what happens to sites that reach the end of their life cycle.”

Decommissioning requirements may be set by states and counties, and agreements between landowners and developers may also set additional requirements. Adopting siting or zoning standards helps ensure that solar development is supported by local residents, Kolbeck-Urlacher said.

“It’s important for local governments to plan ahead for solar teardown and create ordinances that spell out expectations and obligations,” Kolbeck-Urlacher said. “This ensures that the financial responsibility for decommissioning rests with the project owner and not the county and landowners.”

But it is not only the financial aspect of the dismantling that must be taken into account, but what happens to the equipment.

The Centre’s new “Solar Energy System Decommissioning Resource Guide” outlines several management options, including extending the performance period through reuse, refurbishment or repowering of the facility or complete shutdown of operations and decommissioning of the project. It also offers recommendations on the information to include in decommissioning plans.

According to the US Department of Energy, 75% of all US solar capacity was installed in the past five years. With a lifespan of 25 to 35 years, most panels are still operational. Even with a plan in place, the report stresses the importance of periodic revisions to the plan to account for necessary changes in cost estimates, technology and the availability of recycling services.

For more information or to view the Resource Guide on Decommissioning Solar Power Systems, visit cfra.org/publications.

Insulin Like Growth Factor 1 Receptor Market Research Report 2022 – Impact of COVID-19 – Instant Interview

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This major report presents a clear view of the current performance of the global Insulin as a Growth Factor 1 Receptor market and its likely development in the coming years. The key findings of the Global Insulin-Like Growth Factor-1 Receptor Market report focus on changing Global Insulin-Like Growth Factor-1 Receptor market dynamics, substantial new opportunities, critical forces likely to contribute to the growth of the global insulin-like growth factor. 1 Receiver Market in Advanced and Developing Economies.

This report focuses on the major players in the global Insulin-Like Growth Factor-1 Receptor market:
Astellas Pharma Inc., Genmab A/S, Boehringer Ingelheim GmbH, AstraZeneca Plc, F. Hoffmann-La Roche Ltd., Axelar AB, Insmed Incorporated, Eli Lilly and Company, Bristol-Myers Squibb Company, Immunomedics, Inc., ProteoThera, Inc., Merck & Co., Inc., PharmAbcine, Inc., Merrimack Pharmaceuticals, Inc., Novartis AG

Get a FREE sample PDF copy of the report @ https://marketstrides.com/request-sample/insulin-like-growth-factor-1-receptor-market

The report undertakes research and analysis that helps market players understand the global Insulin-like Growth Factor 1 Receptor market status in advanced and developing economies, future market scenarios, opportunities and to identify solutions on how to organize and operate in the global insulin-like growth factor. 1 Receiver market. The report begins by examining how the global Insulin Growth Factor-1 Receptor market has evolved through the pandemic to this point post-pandemic, key forces at work, implications of the covid-19 pandemic on business and policy makers. Most importantly, the report has performed an in-depth analysis of the selected segments and countries.

A detailed analysis of the capital-intensive market companies, their strategic trends and their impacts on industry production and growth are studied in the report. The objective of the report is to present forces that would impact different parts of the current global Insulin Growth Factor-1 Receptor industry. The report aims to map the risks faced by different regions, countries, and segments operating in the market, along with offering a range of options and responses. It recommends best practices to improve efficiency, protect against future risks as well as supply chains against possible threats. Finally, the report helps market players to anticipate trends and seize market opportunities through the data and forecast provided in the report.

Insulin Growth Factor-1 Receptor Industry: Main Product Form:
BI-893923, CT-707, 1R-E1, ATL-1101, Others

Apps containing:
Hospital, Clinic, Others

Global Insulin-Like Growth Factor-1 Receptor Market Research Report Offers–

— The report discusses the main mergers and acquisitions, organic investments including R&D.
— The report presents a study on the response of major manufacturers to understand the elasticity of target markets.
– The report provides a detailed assessment of the long-term prospects of the global insulin-like growth factor-1 receptor market.
– The report assesses business segments, products, services, and supply channels of the global Insulin Like Growth Factor 1 Receptor Market.
– The report highlights the challenges faced by players in the global Insulin Growth Factor-1 Receptor market in expanding new sectors, trading in certain goods or products during the pandemic, and expanding into new consumer segments.
– The report highlights both opportunities and threats shaping the global Insulin-Like Factor-1 Receptor market, especially the consumption segments.
– The report examines the global Insulin Growth Factor 1 Receptor Market financial structure, business and operating models.
– The report identifies the innovation strategies adopted by well-established companies in the global Insulin-Like Growth Factor-1 Receptor market.

Key questions answered by the report include:

  • Which new builders are strongly growth oriented and likely to achieve aggressive growth in the years to come?
  • What is the largest geographical area in the global Insulin Like Growth Factor 1 Receptor market?
  • How has the pandemic variously impacted the GDP of the Global Insulin-Like Growth Factor-1 Receptor Market in the selected countries?
  • What is the global economic outlook of Insulin Like Growth Factor 1 Receptor industry?
  • What are the performance indicators of the Insulin Like Growth Factor 1 Receptor industry between 2019 and 2020?
  • How are market players recovering from the covid-19 pandemic?
  • What is the road to recovery from the covid crisis?
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    Siemens to invest in Volkswagen’s North American charging network

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    Electrify America charging station

    Source: Electrifying America

    German industrial giant Siemens AG is investing more than $100 million in Volkswagen AG’s Electrify America unit, becoming the first outside investor in North America’s network of electric vehicle charging stations.

    Including new funds from its parent company Volkswagen, the Electrify America unit would receive a total injection of $450 million, the companies said.

    The partnership with Electrify America “is part of a much larger investment that Siemens is making in the electrification market,” said John DeBoer, head of Siemens’ North American electric mobility unit.

    Electrify America was created by VW in 2017 with a 10-year, $2 billion investment commitment following the German automaker’s diesel emissions cheating scandal.

    The two companies did not specify the exact amount each is contributing to the latest investment, other than to say that Siemens’ share is more than $100 million.

    Siemens, which is making the investment through the Siemens Financial Services financing arm, will be a minority investor with a seat on the board of Electrify America.

    A year ago, Reuters reported that VW intended to sell a stake in Electrify America as the automaker hoped to attract up to $1 billion in outside funding to help develop electric vehicle infrastructure.

    In an interview, Giovanni Palazzo, President and CEO of Electrify America, said the company still plans to more than double its charging infrastructure to 1,800 charging stations and more than 10,000 fast chargers by 2026. .

    Electrify America has EV charging partnerships with a wide range of vehicle manufacturers outside the Volkswagen Group, including Ford Motor Co, Hyundai/Kia, BMW, Mercedes-Benz, Geely Automobile’s Volvo and Polestar, and rival Tesla , Lucid.

    Siemens, which builds charging stations for commercial fleets and other customers, has invested in several electrification companies, including Swedish battery startup Northvolt and wireless charging startup WiTricity, as well as competitor Electrify America ChargePoint, according to investor website PitchBook.

    4th of July trip: AAA predicts record holiday traffic and gas prices

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    SOUTH PHILADELPHIA (WPVI) – AAA is predicting a record-breaking holiday weekend for several reasons that will be frustrating for drivers.

    Not only is traffic volume expected to return to pre-pandemic levels, but it could also be the most expensive 4th of July ever at the gas pump.

    “I was so excited to have a Jeep and now I kinda regret it,” said Gianna Rio, who shells out nearly $80 every time she fills up.

    The price makes long trips not worth it for her.

    “It definitely makes me guess where I’m driving – if necessary, if not necessary. But I work a lot so I have no choice but to drive,” she said.

    She will stay close to home over the Independence Day weekend while Qua Wimes looks for a new job. The delivery driver is bleeding money on the road.

    “I pretty much have to fill my tank twice a day just to be able to make money. I put in about $60 a day to make $125,” Wimes said.

    AAA says gas prices average $4.96 a gallon in Philadelphia and surrounding counties, $4.84 in South Jersey and $4.83 in Delaware.

    “We’re experiencing the highest gas prices ever for Independence Day weekend. We’re only about $5 a gallon in the five-county area of ​​Philadelphia,” Jana said. Tidwell, spokesperson for the AAA.

    Expect higher holds on your credit or debit cards. Holds are placed to ensure that a customer can afford full payment. Some went from $125 to $175.

    “If you’re using your debit card and your checking account balance is really tight, it could trigger an overdraft if you’re not aware of it in advance. There’s also a practical side to this too – the higher the hold saves you from having to swipe your card multiple times,” said Greg McBride, senior vice president and chief financial analyst at Bankrate.com

    Still, AAA predicts crowded roads for the holidays, with traffic near pre-pandemic levels. More than 566,000 people in the Philadelphia area are expected to travel, most by car.

    “Despite high gas prices, they’ll adjust their summer travel spending — or even their day-to-day life — just to make sure they can take that summer road trip,” Tidwell said.

    For those traveling to their vacation destination, Philadelphia International Airport suggests travelers sign up to receive updates from their airlines.

    FlightAware says nearly 800 flights were canceled nationwide Monday with 19 cancellations in Philadelphia.

    “Flights were delayed, lots of people and very, very little customer service help,” said Monique Dollone, who was flying out of PHL on Monday.

    If you’re driving to your 4th of July destination, AAA suggests avoiding rush hour traffic on Thursday and Friday. This is when your trip could double in time and you’ll be burning gas while sitting in traffic.

    Copyright © 2022 WPVI-TV. All rights reserved.

    KIARO ANNOUNCES ITS FIRST QUARTER FINANCIAL RESULTS

    VANCOUVER, BC, June 27, 2022 /CNW/ – Kiaro Holdings Corp. (“Kiaro” or the “Company”) (TSXV: KO) (OTC: KIARF), is pleased to announce that it has filed its unaudited condensed interim financial statements (“financial statements”) and management’s discussion and analysis ( “MD&A”) for the three months ended April 30, 2022 (“Q1 2022”). The highlights of which are presented in this press release and available on SEDAR.com and on the Company’s website kiaro.com. All amounts, unless otherwise indicated, are expressed in Canadian dollars.

    Q1 FY2023 Highlights

    • Revenue growth of 77% at $9.2 million of $5.2 million in the first quarter of the previous year;

    • Retail revenue growth of 41% at $5.4 million of $3.8 million in the first quarter of the previous year;

    • Wholesale revenue growth of 78% at $3.3 millionrepresenting 36% of total turnover, $1.9 million in the first quarter of the previous year;

    • Maintained strong retail margins at 37%, wholesale margins increased 7% to 10% compared to the first quarter of the previous year;

    • Integration of new talent into leadership positions to lead and grow the retail and e-commerce segments;

    • Total assets at April 30, 2022 of $19.9 millioncompared to total assets at April 30, 2021 of $11.4 million;

    • In the first quarter of 2023, adjusted EBITDA improved in the fourth quarter of 2022 by $258,000;

    • E-commerce revenue growth of 26% over the prior quarter.

    “We are pleased to share with our shareholders our financial performance for the first quarter of FY23, which is our third consecutive quarter of record revenue growth. This is the second quarter that included the full financial performance of our most recent Hemisphere acquisition and the exceptionally strong financial performance of National Cannabis Distribution (“NCD”), the Company’s wholly-owned subsidiary focused on the Saskatchewan wholesale market. The combined operations have proven to deliver record revenue growth, improve margins and bring us closer to our critical milestone of achieving positive EBITDA. ” said Eleanor Lynch, the company’s interim CEO. “NCD revenue growth of 78% at $3.3 million was an outstanding result and contributed more than 36% of the revenue volume. Kiaro’s ability to attract top talent to lead our business channels has proven fundamental in driving asset performance. The acquired e-commerce business is growing rapidly and has generated revenues of $752,853 in the quarter compared to $596,536 in the fourth quarter of fiscal 2022.”

    “The first quarter showed excellent growth, with the company recording revenues of $9,157,643 compared to $5,167,064 in the first quarter of fiscal 2022. Revenue growth was supported by volume from the acquired Hemisphere retail stores and strong revenue results from NCD, our wholesale business,” said Eleanor Lynch, the company’s interim CEO. “NCD revenue growth of 78% at $3.3 million was an outstanding result and contributed more than 35% of the revenue volume. Kiaro’s ability to attract top talent to lead our business channels has proven fundamental in driving asset performance. »

    “I would like to thank the Kiaro team who take on challenges with enthusiasm and creativity and who continue to deliver at the highest level. Retail gross margins are particularly well managed by the team, which remained stable at 37% while that the wholesale segment is at 10%.The successful management of gross margins reflects Kiaro’s strong core competence in buying strategies that encompass category management, consumer engagement, promotional cadence and research on market prices. Kiaro’s gross margins are among the healthiest of major publicly traded Canadian cannabis retailers (based on recent filings).”

    For the quarter, total operating expenses as a percentage of revenues were 44% compared to 48% for the same period last year. Efficiency gains have been achieved by using existing overhead and fixed costs to support the growth of operations.

    Adjusted EBITDA over the past four quarters has fluctuated. During the third and fourth quarters of fiscal 2022, approximately $452,000 costs incurred by newly acquired companies for; additional human resources, support for the integration of more than 70 employees, one-time professional fees and technical integration. In Q1 2023, Adjusted EBITDA improved compared to Q4 2022 of $258,000 due to the easing of COVID-19 omicron restrictions in Ontario and strong revenue growth in the Wholesale segment.

    Summary of first quarter financial results

    Summary of first quarter financial results (CNW Group/Kiaro Holdings Corp.)

    Remarks:

    1.

    Adjusted EBITDA is a non-GAAP financial measure and is not a recognized, defined or standardized measure under IFRS. See “Caution Regarding Non-GAAP Measures”.

    Continued growth and revenue from vendor data and education programs, which the company has agreed with major licensed producers, are expected for the remainder of the year.

    Ms. Lynch said: “The company looks forward to strengthening its performance as diversification strategies continue to bear fruit, external challenges subside and newly recruited leaders focus on generating revenue in key segments”.

    ABOUT KIARO TSXV:KO

    Kiaro Holdings Corp (TSXV: KO) (“Kiaro”) is a trusted, diversified, omnichannel public cannabis company headquartered in Vancouver, British Columbia. Kiaro is an authorized cannabis retailer, wholesale distributor and online retailer of vaporizers and accessories. Kiaro is dedicated to introducing new and experienced consumers to a lifelong exploration of cannabis.

    Closely connected to the communities in which it operates and markets under the Kiaro and Hemisphere brands, Kiaro has 17 professionally operated, best-in-class retail outlets at British Columbia, Ontario and Saskatchewan. The wholesale business, National Cannabis Distribution (NCD) is growing rapidly as it expands its services within Saskatchewan. The eCommerce activity (acquired in July 2021) has 3 sites (Vaped.ca, Vaped.com & Vaporizersdirect.com.au) operating in Canadathe United States and Australia.

    With over 80 years of collective experience in retail, wholesale and e-commerce, Kiaro’s leadership team has a proven track record of growing brands across North America and the completion of acquisitions and financings. The Company plans to continue its growth trajectory through consumer-centric retail, e-commerce and wholesale distribution segments.

    For more information on the company, including the most recent analyst report, please visit investors.kiaro.com.

    On behalf of Kiaro Holdings Corp.

    Eleanor Lynch
    Acting General Manager

    Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    Forward-looking information

    This press release contains statements that may constitute “forward-looking information” within the meaning of applicable Canadian securities laws. Forward-looking information may include, among other things, statements regarding Kiaro’s future plans, costs, objectives or performance, or assumptions underlying any of the foregoing. In this press release, words such as “may”, “would”, “could”, “will”, “likely”, “believe”, “expect”, “anticipate”, “intend de”, “plans”, “estimates” and similar words and their negative form are used to identify forward-looking statements. In this press release, forward-looking statements relate to, among other things, the overall growth of the Canadian cannabis market and the retail opportunities and the award of new operating permits and licenses in various jurisdictions. Forward-looking statements should not be construed as guarantees of future performance or results, and will not necessarily be accurate indications of whether, or the times at or by which such future performance will be achieved. There can be no assurance that the events anticipated by the forward-looking information will occur or occur. The forward-looking information is based on information available at this time and/or management’s good faith belief regarding future events and is subject to known and unknown risks, uncertainties, assumptions and other unforeseeable factors, many of which are beyond the control of Kiaro. These risks, uncertainties and assumptions include, but are not limited to, those described in the Company’s filing statement dated September 29, 2020a copy of which is available on SEDAR at www.sedar.com, and could cause actual events or results to differ materially from those projected in the forward-looking statements. In addition, any forward-looking information regarding future expansion plans is subject to such qualification as Kiaro’s management may determine, and assumptions that any construction or conversion will not be costly, required permits will be obtained and labor Work, materials and equipment required to complete such construction or conversion will be available. Accordingly, readers should not place undue reliance on the forward-looking statements and information contained in this press release. Kiaro does not intend, nor undertake any obligation, to update or revise the forward-looking information contained in this press release to reflect subsequent or other information, events or circumstances, except as required by applicable law. require.

    Kiaro Holdings Corp.  (CNW Group/Kiaro Holdings Corp.)

    Kiaro Holdings Corp. (CNW Group/Kiaro Holdings Corp.)

    SOURCEKiaro Holdings Corp.

    Quote

    Quote

    View original content to download multimedia: http://www.newswire.ca/en/releases/archive/June2022/27/c3777.html

    Hepatocyte Growth Factor Consumption Market Size and Forecast to 2028 | ViroMed, AnGes MG, M3 Biotechnology, AVEO Pharmaceuticals, Molecular Partners

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    The Global”Hepatocyte Growth Factor Consumption Market » The report provides an in-depth analysis of emerging trends, market drivers, development opportunities and market restraints that may impact the market dynamics of the industry. Each market sector is examined in-depth in Market Research Intellect, including products, applications, and competitive analysis.

    The report was created using three different recognition systems. The first step requires conducting in-depth primary and secondary research on a wide range of topics. Approvals, ratings and findings based on accurate data obtained by industry specialists are the next steps. The research derives an overall estimate of the market size using top-down methodologies. Finally, the research assesses the market for a number of sections and sub-sections using information triangulation and market separation techniques.

    The main purpose of the report is to educate business owners and help them make a wise investment in the market. The study highlights regional and sub-regional perspectives with corresponding factual and statistical analysis. The report includes the latest first-hand data, which is obtained from the company’s website, annual reports, industry-recommended journals, and paid resources. The Hepatocyte Growth Factor consumption report will help business owners understand the current market trend and make profitable decisions.

    Profiled Market Leaders:

    • ViroMed
    • AnGès MG
    • M3 Biotechnology
    • AVEO Pharmaceuticals
    • Molecular partners
    • Yoo Young Pharm
    • F-star
    • Galaxy Biotech
    • Kringle Pharma

    Report Analysis and Segments:

    Hepatocyte Growth Factor consumption is segmented based on product type, application, and geography. All segments of the Hepatocyte Growth Factor consumption are carefully analyzed with respect to their market share, CAGR, value and volume growth, and other significant factors. We have also provided Porter’s five forces and PESTLE analysis for further investigation of hepatocyte growth factor consumption. The report also outlines recent developments undertaken by key market players, including new product launches, partnerships, mergers, acquisitions, and other latest developments.

    Based on Product Type, Hepatocyte Growth Factor consumption is segmented into –

    Based on Application, Hepatocyte Growth Factor consumption is segmented into –

    • Oncology
    • Cardiovascular
    • Central nervous system
    • Hematological disorders
    • Others

    The report provides information about the following pointers:

    1️⃣ Market Penetration: Comprehensive information on the product portfolios of major players in the Hepatocyte Growth Factor consumption.

    2️⃣ Product Development/Innovation: Detailed information on upcoming technologies, R&D activities and product launches in the market.

    3️⃣ Competitive Assessment: In-depth assessment of market strategies and geographic and business segments of major market players.

    4️⃣ Market development: comprehensive information on emerging markets. This report analyzes the market for various segments across geographies.

    5️⃣ Market Diversification: Comprehensive information about new products, untapped geographies, recent developments, and investments in Hepatocyte Growth Factor consumption.

    Schedule a consultation call with our analysts/industry experts to find a solution for your business @ https://www.marketresearchintellect.com/ask-for-discount/?rid=431975

    Various analyzes covered:

    The regional assessment of Hepatocyte Growth Factor consumption was conducted in six key regions, namely North America, Asia-Pacific, Europe, Latin America, Middle East & South America. ‘Africa. Moreover, the report also provides in-depth information about ongoing research and development activities, revenue, innovative services, real demand and supply status, and pricing strategy. In addition to that, this report also provides details on consumption figures, export/import supply and gross margin by region. In short, this report provides a valuable source of advice and clear direction for the trader and the party interested in the market.

    North America (US, Canada)
    Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
    Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
    Latin America (Brazil, Mexico, Others)
    The Middle East and Africa

    Frequently Asked Questions:

    • What are the key drivers of global Hepatocyte Growth Factor consumption?
    • What are the major issues in the global consumption of hepatocyte growth factor?
    • Who are the key market players?
    • What has been the effect of the COVID-19 pandemic on the global consumption of hepatocyte growth factor?
    • What are the latest market trends?
    • What is the compound annual growth rate of the global consumption of hepatocyte growth factor?

    About Us: Market Research Intellect

    Market Research Intellect provides syndicated and customized research reports to clients across various industries and organizations with the aim of providing functional expertise. We provide reports for all industries including Energy, Technology, Manufacturing & Construction, Chemicals & Materials, Food & Beverage, and more. These reports provide an in-depth study of the market with industry analysis, market value of regions and countries, and industry-relevant trends.

    Contact us:
    Mr. Steven Fernandes
    Market research intelligence
    New Jersey (USA)
    Tel: +1-650-781-4080

    Email: [email protected]

    Website: –https://www.marketresearchintellect.com/

    Just keep your returns: stores pay you not to return unwanted items

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    In recent weeks, some of the biggest chain stores, including Target (TGT), walmart, (WMT) Difference (GPS), American Eagle Outfitters (AEO) and others reported in their latest earnings calls that they had too much inventory of things ranging from workout clothes, jackets and spring hoodies to lawn furniture and bulky children’s toys. It costs them tons of money to store it.

    Now add to this glut another category of products that stores have to manage: returns.

    So instead of piling returned goods onto this growing pile of inventory, stores are simply considering giving customers their money back and letting them hang on to what they don’t want.

    “It would be a smart strategic move,” said Burt Flickinger, retail expert and managing director of retail consultancy Strategic Resource Group. “Retailers are stuck with excess inventory at unprecedented levels. They can’t afford to take back any more.”

    Returned products are handled in different ways, he said. Retailers take back the customer’s merchandise, appraise it, and if it’s in good condition, re-shelve it at the same or lower price.

    They can refurbish damaged returns and sell them for less or take them to liquidators to resell. They can also sell the returned products to foreign liquidators for sale in Europe, Canada or Mexico.

    “Given the situation at ports and container shortages, sending products overseas is not really an option,” Flickinger said. Finally, retailers can hire third-party companies to handle all aspects of merchandise returns for them.

    Each of these options, however, carries additional costs for retailers, he said.

    “For every dollar in sales, a retailer’s net profit is between one cent and five cents. With returns, for every dollar of returned merchandise, it costs the retailer between 15 and 30 cents to manage,” said said Flickinger.

    There’s another option for retailers to handle returns while avoiding more product bloat and that’s to consider a “returnless return,” said Steve Rop, chief operating officer at goTRG, a company that processes more than 100 million returned items per year for companies like Wal-Mart, Amazon and Lowe’s.

    Just keep

    Rop said his company’s customers are 100% considering offering the “Keep It” option for returns this year, though he wouldn’t disclose if any of his customers have yet implemented the option. “Keep it” return policy.

    In some cases, when they determine it would be easier, some retailers advise customers to simply keep or give away their return after issuing a refund. Walmart said it had nothing to share at this time. Lowe’s did not provide commentary for the story.

    “They already discount in stores to eliminate products, but when there are heavy discounts, buyer’s remorse increases. People are tempted to buy a lot only to return it later,” a- he declared.

    Reimbursing customers while allowing them to keep their returns is not a new practice, Rop said. “It started with Amazon several years ago,” he said.

    The offer makes sense for certain types of products – low cost bulky items like furniture, kitchen appliances, home decor, baby chairs, walkers, strollers where it is expensive for the retailer to cover the cost shipping for the return.

    “Other products like children’s toys, shoes, towels and bedding raise health concerns with regards to returns. This could also apply to these categories,” he said.

    Another concern with cheaper items: Stores typically offer discounts on returned goods, so the amount of money they can earn on an inexpensive return is minimal — and may not be worth the trade-off, says Keith Daniels, partner of Carl Marks Advisors.

    Yet a “keep it” policy has its own drawbacks, namely: Companies will need to ensure that they do not become victims of fraud.

    “One thing retailers need to monitor and ensure is that customers who become aware of the [Keep it] don’t start abusing it, looking for free merchandise on a series of orders getting a refund, but keeping the merchandise,” Daniels said.

    Chico Friends of the Library really are friends – Chico Enterprise-Record

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    CHICO – Chico Friends of the Library is once again open for business.

    The CFOL is a nonprofit group that receives book donations and sells them to benefit the Chico branch of the Butte County Public Library.

    Nancy Leek, assistant director of book sales and board member of Chico Friends of the Library, says the weekly book sale is happening again, which restarted in July 2021. The next sale will be on July 9 from 9 a.m. to 11:30 a.m. in the meeting room adjoining the library. The sale takes place every Saturday unless it is a holiday weekend.

    All profits from book sales are used to support various library programs, many of which receive little or no other county funding. Books sell for $0.25 to $2 each, far less than any other used bookstore in town, and CDs, DVDs, puzzles, current magazines, and VHS tapes can also be found at the sales table. During the COVID-19 pandemic, regular Saturday book sales were halted, depriving the library of much-needed funding. It wasn’t deemed safe enough to resume book sales until last July, and people have gotten out of the habit of coming to sales. According to a press release, book donations were also halted during this time.

    Many of the people who volunteer at CFOL have done so for years.

    Volunteer Helen Sutton, 87, is a book sales coordinator/manager and helps organize sales. She is at the library three to four hours a day, Monday to Friday. Sutton organizes everything and moves the books forward.

    Leek said she wanted to make sure people know that not only is the library open, but book sales are also happening.

    The Chico Friends of the Library program is always looking for volunteers. If you are interested in volunteering, take a request at the library reception and indicate the tasks that interest you. Volunteers can take on many different tasks, such as organizing books, pricing books, and lifting boxes. The staff likes volunteers to work at least one day a week or two hours a week.

    Volunteers accept donations every day of the week. Bags or other containers of books to be donated can be placed on the Chico Friends of the Library cart, which is located in the library, or if there is a large donation, people can drop them off at the back door of the library .

    The library is open Tuesday to Thursday from 10 a.m. to 6 p.m., Friday and Saturday from 10 a.m. to 5 p.m., Sunday from 1 p.m. to 5 p.m. and is closed on Monday.

    Sales from the book sale help acquire library books and support library programs such as summer reading for children and arts and crafts events.

    Volunteers ask the public not to donate outdated medical or financial books and any encyclopedias, and if the box or bag of books has been sitting in a garage for a long time, for example, be sure to clean it up and make make sure there are no insects inside and that the books are clean.

    Leek said volunteers like to receive manuals. Books that haven’t been sold for three months end up in the library lobby. The library also offers curbside pickup, so if someone borrows a book and doesn’t want to come in, it can be brought to them in the parking lot.

    Volunteers receive on-the-job training to prepare for volunteering. Sutton said having a love for books and a good knowledge of books is a plus.

    Chico Friends of the Library also supports small free libraries. There are library volunteers who stock the small libraries.

    “It’s a great place to go for cheap books,” Leek said.

    Chico Friends of the Library offers a wide variety of books, such as cookbooks, children’s books, fiction and non-fiction. Famous authors like John Grisham, David Baldacci, and Steven King have their own category because people often ask for books by popular authors.

    How Hot Air Balloons Coexist in Commercial Airspace

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    Vilnius, Lithuania, is apparently the only capital in Europe to allow hot air balloons to float in its airspace. I had the chance to speak with a local hot air balloon pilot about the ins and outs of the industry and, coming from a commercial aviation background, I had the chance to ask how balloons co-exist with airplanes commercial flying nearby.

    Some of this information may be specific to Vilnius and Lithuania.

    A highly regulated activity

    Speaking with Tomas Olevsonas from Balloon.lt, I got a glimpse into the world of hot air balloon flights and how these airships co-exist with nearby Vilnius airport. Indeed, when it comes to the Lithuanian capital, hot air balloons take off just seven kilometers away. And being an industry that presumably attracts a lot of tourists (and tourism dollars), ensuring a smooth relationship with commercial aircraft flights is a necessity – especially for the safety of everyone in the air. Let’s take a look at some of the ways Vilnius (and Lithuania in general) regulates hot air balloon rides.

    SIMPLEFLYING VIDEO OF THE DAY

    Weather is the ultimate factor

    Although local authorities or civil aviation regulators may allow hot air balloon flights, the weather will also be an important factor in determining a flight. If the winds are too strong, flights may not take place. Other severe weather conditions may also be the reason for aborting the takeoff.

    Surprisingly, however, the weather might be “too good” for takeoff – especially in the case of Vilnius and other cities. Indeed, hot air balloons are allowed to take off from populated urban areas, but are prohibited from landing there. Thus, if the wind is light or non-existent on a particular day, flights may be canceled due to an inability to “fly out” of the city.

    Vilnius sees regular hot air balloon flights throughout the year, just a few kilometers from the international airport. Photo: Chris Loh | single flight

    Hot air balloons obtain take-off clearance and altitude guidance from the airport

    With more than 800 hours of flying experience, Olevsonas notes that takeoff clearance comes from nearby Vilnius Airport. While his company and other operators may ask holders of flight reservations to show up at the launch point at a certain time, it is ultimately up to the airport to give the green light. Thus, take-off delays can result from flight delays or changes in wind direction.

    The winds will determine the flight path of the balloons. It can even bring them over the airport – during times when passenger planes are taking off and landing. Surprisingly, commercial operations and hot air balloon flights can take place at the same time – but with a minimum safe distance between aircraft. This is made possible by altitude adjustments, which are in the hands of the pilots. Because this factor is easily controllable, the airport is able to instruct balloons to increase their altitude to ensure safe separation from approaching aircraft. This can give fantastic air-to-air views of commercial aircraft taking off and landing.

    Stay informed: Sign up for our daily and weekly summaries of aviation news.

    Hot air balloons have registration numbers like other aircraft

    As well as the creative or potentially obnoxious branding printed on the balloons, those able to get close will also see a registration number – just like commercial transport aircraft. This allows dispatchers to track the maintenance and flight hours of each balloon, ensuring that equipment is regularly inspected and serviced at regular intervals.

    Indeed, inspections take place every 100 hours of service and all operators must have an official license from the Lithuanian Civil Aviation Administration to perform commercial flights. Comprehensive aviation insurance for passengers and third parties is also required.

    Have you ever taken a hot air balloon ride? Let us know by leaving a comment!

    Airline Merger: Frontier Sweetens Offer for Spirit Airlines | Economic news

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    By DAVID KOENIG, AP Airlines Editor

    Frontier Airlines on Friday added more money and higher breakage fees to its offer to buy Spirit Airlines, and Spirit’s board reiterated its preference for Frontier over a competing offer from JetBlue Airways.

    Frontier added $2 per share to its previous offer, bringing it to $4.13 in cash plus 1.9126 Frontier shares for each Spirit share.

    The Denver-based airline also increased the amount it would pay Spirit, based in Miramar, Fla., if antitrust regulators cut the deal — from $250 million to $350 million — as a breach fee. offered by JetBlue.

    Spirit said that given the watered-down terms, its board reiterated its unanimous recommendation that shareholders approve Frontier’s offer at a special meeting next Thursday.

    political cartoons

    JetBlue said its proposition remains better than Frontier’s with higher value, more money, “more certainty and more regulatory protections.”

    Frontier’s decision was the latest bet in a fight between Frontier and JetBlue to see who would get the nation’s biggest discount airline. On Monday, New York-based JetBlue raised its cash offer to $33.50 per share, or more than $3.6 billion.

    At present value, JetBlue’s proposition is worth more. JetBlue is offering to buy all of Spirit’s stock and reconfigure the low-cost airline’s planes into JetBlue’s less cramped layout.

    Frontier’s stock and cash offer would give Spirit shareholders 48.5% of the new combined airline – which has yet to be named. This means that investors willing to own the stock could gain if the stock price increases enough.

    Spirit’s board cited another reason for favoring Frontier, which, like Spirit, is a very low-cost carrier that charges very low fares but also many additional fees. Spirit argued that antitrust regulators are very unlikely to let JetBlue buy Spirit and take its low fares out of the market.

    JetBlue disputes Spirit’s finding. He bypassed Spirit’s board and appealed directly to Spirit shareholders to reject Frontier’s offer.

    Frontier and JetBlue agree on one thing: Both say that buying Spirit would make it a stronger competitor to the country’s four major airlines, American, Delta, United and Southwest.

    Copyright 2022 The Associated press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

    For the record – Alexandria Echo Press

    0

    Alexandria City Council
    Ordinary meeting
    Monday, June 27

    Where: The mayor and the city council can participate in the city council meeting remotely by telephone or video. Members of the public may participate by telephone or other electronic means. Find more information about

    www.AlexandriaMN.city/events

    and click on the date of the meeting to view the link. If you would like to provide feedback to city staff and/or elected officials on matters brought before city council, please email [email protected]

    7 p.m. Oath of allegiance, moment of silence, approval of the agenda. Consent Agenda: Approve Minutes of June 13 Council Meeting, Approve Minutes of June 13 Special Council Meeting

    7:05 p.m. Presentation of the 2021 accounts

    7:20 p.m. Chief Constable Scott Kent
    A. Presentation of the new policeman

    7:25 p.m. Nicole Fernholz, Executive Director of the Alexandria Area Economic Development Commission
    A. Resolution Requesting a Hearing to Create a TIF Constituency

    7:30 p.m. Licence
    A. Alcohol on temporary sale for one day – St. Mary’s Church

    7:40 p.m. Special Event Permit
    A. Faith Rose 5K

    7:45 p.m. Park and Trails Master Plan Agreement

    7:50 p.m. Resolutions and orders
    A. Second Reading: Amendment to Alexandria City Code Section 3.17 Relating to Non-Sale Malt Liquor Licenses

    7:55 p.m. Municipal engineer
    A. Signature of Wetland Credit Purchase Agreement (34th Avenue to 44th Avenue sidewalk project)
    B. Report of the Roads Committee

    8 p.m. Director of Community Development Mike Weber
    A. Elements of the planning commission
    B. Request for Quotation for Assessment Services – Minnesota Army National Guard Readiness Center / Field Maintenance Shop

    8:05 p.m. City Attorney’s Cases

    8:10 p.m. City Administrator’s Affairs

    8:15 p.m. Old and other business

    8:20 p.m. Adjournment

    To note: Alexandria City Council will convene a special meeting of City Council at 5:30 p.m. to discuss the following: Review of 2021 Financial Statements, Use of Social Media

    Special note: Members of the public have the right to participate in the meeting by telephone or other electronic means. To participate remotely via video, please visit our website,

    www.AlexandriaMN.city/events

    and click on the date of the meeting to view the link.

    The above items are scheduled from June 22 and are subject to change.

    The Indian economy has a double deficit problem. To counter it, the government must juggle between growth and stability

    In his recent publication monthly economic reportthe Ministry of Finance expressed concern about the re-emergence of the twin deficit problem in the economy due to rising commodity prices and increased subsidy burden.

    While tariff cuts and increased subsidies have raised the possibility of a deviation from the budgeted fiscal deficit, rising crude oil and commodity prices amid continued selling off by foreign investors may cause an increase in the current account deficit.

    The government will have to strike a difficult balance between maintaining growth and macroeconomic stability by keeping fiscal and current account deficits within manageable limits.

    Blow to the budget deficit

    The budget projected a fiscal deficit of 6.4% to GDP for the current fiscal year. The resulting geopolitical conflict and supply disruptions posed an upside risk to the fiscal deficit. The reduction in excise duties on gasoline and diesel and the increase in fertilizer subsidies to cushion the impact of rising international prices pose a risk to the budgeted fiscal deficit.

    A rise in the budget deficit (excess of expenditure over revenue) would require more government borrowing. Higher government borrowing would absorb more of the savings, which could have been used by the private sector for its own investments. Higher government borrowing will also drive up interest rates, which would negatively impact private sector investment.

    At a time when the government is focusing on investment spending to stimulate growth, the only way to reduce the budget deficit is to limit non-capex spending.


    Read also : Weaker Rupee, Higher Inflation – Why US Fed’s Rate Hike Is Bad News For Indian Economy


    Sharp rise in the current account deficit

    The ongoing war has led to a sharp rise in the prices of crude oil and other raw materials. India imports nearly 85% of its domestic crude oil needs. The sharp rise in import prices will widen India’s current account deficit. A wider current account deficit will put downward pressure on the rupee as demand for dollars increases. A weaker rupee will increase the risk of imported inflation.

    As a net importer of oil and other commodities, while India has traditionally run a current account deficit, large capital inflows have enabled it to finance its current account deficit. But over the past six months, foreign portfolio investors have also withdrawn a large amount of money from the capital market, making India’s external sector more vulnerable.

    Aggressive US Fed tightening drives US bond yields higher, leading to continued selling off of REITs. For FY22, India’s current account deficit was at a three-year high due to the rise in world commodity prices and the recovery in economic activity. It is expected to widen further to reach 3% of GDP.

    2013 double deficit and tantrum episode

    Twin deficits increase vulnerability to external shocks. India was among the hardest hit countries when the Federal Reserve slowed its bond purchases in 2013, known as the taper tantrum.

    The indication by then Fed Chairman Ben Bernanke that the Federal Open Market Committee (FOMC) could soon start to slow down its bond purchases sparked a wave of capital flight from emerging economies – particularly from South Africa, Brazil, India, Indonesia and Turkey – dubbed the “fragile five” in because of their high current account deficits and their dependence on foreign capital inflows.

    These capital outflows put pressure on the rupee. India was one of the hardest hit due to its underlying macro vulnerabilities.

    Policies after the global financial crisis

    During the global financial crisis of 2008, the Indian economy participated in the global downturn due to its trade and financial ties with the rest of the world. India’s policy response after the 2008 crisis focused on reviving growth, but at the expense of macroeconomic stability.

    The government has announced a coordinated program monetary and fiscal policy package in 2008-09 to relaunch growth. For example, the government has introduced fiscal stimulus in the form of tax cuts and increased spending to stimulate consumer demand. The Fiscal Responsibility and Management (FRBM) Act 2003 (under which the government is required to exercise fiscal prudence to reduce its deficits to a target rate) was suspended in 2009 in order to adapt to the stimulus policies.

    On the monetary side, the Reserve Bank of India has introduced measures, such as rate cuts, to boost liquidity and facilitate credit to stimulate investment. The rate-cutting cycle continued until March 2010. Fiscal spending alongside low interest rates led to higher inflation and higher imports. Rising imports led to a deterioration in the current account. The growth-enhancing policy has led to the neglect of macroeconomic stability.

    Focus on macro-stabilization

    As inflation takes hold, a calibrated normalization of monetary policy is needed to anchor inflation expectations. On the fiscal side, while some measures should be taken to mitigate the impact of rising prices, the government needs to find a glide path for fiscal consolidation.

    While the government has set itself the target of achieving a budget deficit of 4.5% of GDP by 2025-26, a roadmap to achieve this target should also be specified. Sound macroeconomic stabilization requires setting debt and deficit reduction targets for the coming years. Adjustment of the rupiah market to control the current account deficit should be part of the macro-stabilization strategy.

    Radhika Pandey is a consultant at National Institute of Finance and Public Policy.

    Views are personal.


    Read also : 5 factors will shape India’s economy in 2022, and you can be cautiously optimistic despite Covid


    The Morritt Factor – Cayman Compass

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    It’s hard to imagine an East End without the charm of Morritt’s. Drive east and you can’t miss the resort’s colorful billboards, warmly announcing that you’re “home.” Indeed, this deep understanding of home and family is precisely what Morritt’s does best.

    It’s not surprising. After all, Morritt’s story is one of a small family business with big ideas and a boundless spirit. Or, as some call it, the Morritt factor.

    George Morritt and Florence Morritt, celebrating their 50th wedding anniversary.

    Keep Calm and carry on

    Millionaire among men: empire builder with an enchanted life - press clipping
    David Morritt appearing in a 1983 interview with the local newspaper in Harrow, England.

    It was 1947. The Second World War was over and the UK was facing a severe housing crisis. Entire neighborhoods had been damaged by German bombing, so new homes were desperately needed. Realizing the gravity of the situation, the British government quickly adopted policies that would launch British construction into a post-war boom.

    It was a time of innovation and ideas, both of which inspired a London plumber named George Morritt. Swept along by the nation’s quest to rebuild, George also decided he would help restore London, and so Morritt Properties was born.

    A father and his son

    By the early 1960s, George had developed a large portfolio of properties when his son David entered the scene. As a young man, David had an innate understanding of the real estate world, diving head first into the family business with ease.

    It is at this time, however, that land is scarce in London, and yet David has an idea. Noticing that many older terraced houses had large gardens, he couldn’t help but wonder if he could buy them. This would give him the land he needed to build more houses, using the alley space as his entrance. It was such a crazy plan that it just might work.

    And it worked. Morritt Properties found great success in these ‘garden houses’, and David continued to expand the company’s developments in the outskirts of London.

    First London, then the world

    David loved England, but he dreamed of distant, exotic paradises and sunny beaches. His knack for expansion took him to Florida in 1988, where he learned of a beautiful island called Grand Cayman. Intrigued, David decided to “go downstairs and have a look”. This would be the start of the Morritts we all know and love today.

    Never one to sit idly by, it wasn’t long before David took the next step. In 2019, he landed in Mont-Tremblant, Canada, and soon after proudly announced the grand opening of Château Morritt.

    It’s been 75 years since George Morritt took that bold first step in starting the family business. Of course, in true David fashion, he says the adventure has only just begun. Time will tell where David goes next, but one thing is for sure – the Morritt factor isn’t going anywhere.

    Don’t blink and miss the trip! If you haven’t had an official Morritt’s tour, book one now and we’ll give you a 2 day stay! Call 640-5932 or email [email protected] to learn more. Terms and conditions of application.

    Download a PDF of this article

    ‘What is the maximum amount a landlord can increase the rent?’

    0

    My landlord informed me of a 13 percent annual rent increase 90 days before the expiration of the contract. However, the real estate regulatory agency rent calculator provides for a 5% rent increase upon renewal of the lease.

    My landlord has asked me to vacate the property at the end of the lease if I am unwilling to pay the 13% rent increase. He plans to serve me with a eviction notice and move into the property with his family next year. What do you advise? TM, Dubai

    There are two points to cover here. First, the increase in rents. Any changes to a rental agreement, including a rent increase, must be in writing (email is OK), giving 90 days notice from the expiration date of the agreement to all parties concerned.

    The amount of allowable increase is not determined by the landlord or tenant, or even by the market price. Instead, it is determined by the Rera rent calculator. This can be found on the Dubai Land Department website.

    Once all the required details are entered, it calculates what the rent will be on renewal. Therefore, it is against the law for the landlord to want a 13% raise, so you should deny their request at this point.

    However, it is important to note that the calculator is only a guide. What you and your landlord agree to in terms of a rent increase is up to you both. When you disagree, the calculator can be used as a referee.

    It is important for the tenant and the landlord to maintain a good business relationship for the basis of future transactions.

    The second point to discuss is the owner’s willingness to use the property himself. It’s legal and it’s his right. It must serve you with the legal 12 months notice to quit, which states that reason, and it must be sent by registered mail or notary public.

    After you leave, if you learn later that he has re-let the property to someone else, you will be entitled to compensation.

    A landlord is not allowed to re-let the unit for two years after evicting a tenant. You can file a case with the Rental Dispute Resolution Committee (RDSC) for this reason.

    I am renting a villa and renewed the lease in February this year. My landlord sold the property and the new buyer said he wanted to live in the villa.

    I received formal 12 months notice to vacate on April 28, which was the date on the eviction letter signed by a notary public.

    I want to challenge this on the grounds that the 12 month eviction notice must be served on the contract renewal date, not later.

    Can I file a case in person at the RDSC or do I have to hire a lawyer? RJ, Dubai

    When filing a case with the RDSC, it is not necessary to hire a lawyer and you can do it yourself.

    While you are correct that the 12 month eviction notice must be served upon expiry of the existing tenancy agreement under Law 33 of 2008, some DRDC judges allow the vacation notice to be served at any time during the contract.

    Therefore, although you have the right to file a complaint, be aware that a judge may uphold the notice sent to you on April 28.

    I sent my tenant a 12 month eviction notice through Dubai Courts in December 2021. Although the eviction date mentioned in the notice is December 2022, the tenancy agreement is valid until in July 2023.

    What is the legally enforceable eviction date – December 2022 or July 2023? If it is July 2023 do I have to file another eviction notice in July 2022? MH, Dubai

    Law No. 33 of 2008 stipulates that the 12 months notice of eviction must be served upon expiry of the tenancy agreement.

    That said, some landlords served the notice at any time during the contract. It has been observed in the past that some DRDC judges upheld this decision.

    However, as the law in the UAE is not set on precedent, I cannot confirm if this will be the case for you if the tenant disputes the date later by filing a case with the RDSC.

    It is up to the presiding judge at the time of the hearing to accept your 12 month eviction notice or ask you to serve it again in July 2022 for another 12 months.

    Mario Volpi is Director of Sales and Rentals at Engel & Volkers. He has worked in the real estate sector for over 35 years, in London and Dubai. The opinions expressed do not constitute legal advice and are provided for informational purposes only. Please send your questions to [email protected]

    Real Estate Apartment Prices in Dubai — May 2022

    Updated: June 23, 2022, 04:00

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    Biden calls on Congress to suspend gas tax to help lower record pump prices

    0

    WASHINGTON, June 22 (Reuters) – U.S. President Joe Biden on Wednesday called on Congress to pass a three-month suspension of the federal gas tax to help tackle record high prices at the pump, but opposition from lawmakers within his own party suggest the request is unlikely to go through. to be met.

    In announcing his support for the suspension, Biden also echoed some of the concerns about its effectiveness, but said American families who pay far more for gas, caused in part by Russia’s invasion of Ukraine , deserve financial assistance.

    “I fully understand that a gas tax waiver alone will not solve the problem, but it will provide families with immediate relief, just a bit of respite, as we continue to work to bring prices down. long term,” Biden said. .

    Join now for FREE unlimited access to Reuters.com

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    The president also urged states to temporarily suspend state fuel taxes, which are often higher than federal rates. He is asking major oil companies to suggest ideas on how to bring back idle refining capacity when they meet with Energy Secretary Jennifer Granholm on Thursday. Read more

    Biden and his advisers have been discussing the issue for months amid growing pressure to act as record gasoline prices weigh on the president’s opinion polls and cast doubt on the Democrats’ chances of retaining power. to Congress in the November elections.

    A suspension of the federal gasoline tax of 18.4 cents per gallon and the diesel tax of 24.4 cents would require congressional approval, likely making Biden’s speech largely symbolic. Read more

    THE LEGISLATIVES OPPOSE

    Lawmakers from both parties have expressed resistance to the suspension of the tax, with some Democrats, including House Speaker Nancy Pelosi, worrying the move will have a limited effect on prices if oil companies and retailers pocket a large part of the savings.

    Peter DeFazio, a Democrat and chairman of the House Transportation and Infrastructure Committee, said Wednesday that a federal gas tax holiday would provide “minimal relief” while digging a fiscal hole in a tax fund. earmark for highways needed to repair crumbling bridges and build a modern infrastructure system.”

    Biden has asked Congress to suspend the fuel tax until September, a move that will cost the Highway Trust Fund about $10 billion in lost revenue, but could be offset by other areas of a budget that sees the incomes rise and deficits shrink as the United States emerges. of the COVID-19 pandemic.

    Some states, like New York and Connecticut, have already suspended fuel taxes, while others have floated ideas such as consumer rebates and direct relief.

    Refiners are struggling to meet global demand for diesel and gasoline, exacerbating high prices and deepening shortages. Read more

    “Suspending the federal gasoline tax will certainly provide short-term relief to American drivers, but it will not solve the root of the problem – the imbalance between supply and demand for petroleum products,” a spokesperson said. of the American fuel and petrochemical manufacturing industry. the group said.

    Longer-term policies are still needed to boost energy production in the United States, he said.

    U.S. pump prices are averaging close to $5 a gallon as rising demand for fuels coincides with the loss of about 1 million barrels per day of processing capacity. Over the past three years, many factories have been closed as demand for fuel skyrocketed at the height of the pandemic. Read more

    Biden said he understands the politics around Republicans seizing on high gas prices ahead of the election, but he asked his rivals if they would have chosen not to support Ukraine instead.

    “So to all those Republicans in Congress who are criticizing me today for high gas prices in the United States: are you saying we were wrong to support Ukraine? Are you saying we were wrong to stand up to Putin? Are you saying we’d rather have lower gas prices in America and Putin’s iron fist in Europe? I don’t believe it “, said Biden.

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    Reporting by Jarrett Renshaw; additional reporting by Katharine Jackson; Editing by Susan Heavey, Nick Zieminski and Grant McCool

    Our standards: The Thomson Reuters Trust Principles.

    DuPage County Council primary races scheduled for Tuesday

    In Tuesday’s contested DuPage County Council primaries, candidates cite public safety, the mental health crisis, financial stability and attracting new business to DuPage as top issues.

    The board is made up of 18 elected members and a separate chair. Once a small minority on the county council, Democrats have grown in numbers over the past two election cycles and now hold an 11-7 majority. With the recent decennial census, all 18 county council seats are up for election in November. . Voters in each party’s primary can select up to three choices in their district, and three of the six districts have contested Republican primaries while two of the six districts have contested Democratic primaries.

    A crowded Democratic primary is in District 2, which covers Oak Brook and Oakbrook Terrace and parts of Elmhurst, Downers Grove, Lisle, Woodridge, Westmont, Lombard and Villa Park. Downers Grove’s Liz Chaplin, who has long fought with incumbent county council chairman Dan Cronin, is seeking re-election. Chaplin faces in the primary Paula Deacon Garcia, outgoing board member, and newcomers Yeena Yoo and Maryann Vazquez.

    “Coming out of the pandemic, we still have critical needs that have not been met, such as affordable housing and homelessness, as well as the opioid and mental health crisis,” Chaplin said. “For the past 20 years I have advocated on behalf of the citizens of DuPage for clean water, then worked and understood fiscal responsibility. I’ve been one of the only voices on County Council to challenge the status quo, ask questions, and make sure everything is in the interest of the ratepayer.

    Vazquez cited the mental health crisis, residents’ difficulty paying for elderly care and transportation issues as key elements in motivating her to run. After a long career as a sales representative and chief marketing officer, she also said she believes she brings “business acumen” to the board, including a small business perspective and a large business perspective, as well as a social conscience.

    “People have told me they can’t get home care because workers can’t get to work, and the reason they can’t get to work is that everything in DuPage County with transportation goes through the Metra,” she said. “So we have these transit deserts. We need to be more creative for the future.

    Garcia, who was elected to the board in 2020, said her main focus is on environmental sustainability and the mental health crisis. Among the initiatives she is a part of are trying to transfer more county assets to electricity and serving on the board of directors of the DuPage health department.

    “We’re trying to get a crisis living unit here in DuPage County,” she said. “It’s something I’d love to be re-elected for, so I can keep doing this job so we can help people with mental health issues instead of sending them to the (emergency room ) or the correctional center.”

    Yoo, a lawyer who has a background in social work, said she would like to see more of the county’s budget devoted to social services. She noted that only 1% to 2% of the county’s general fund budget is spent on social services, while eight times that is spent on the sheriff’s office and 12 times on roads and bridges.

    “I think the county should fund more seniors and people seeking mental health,” she said.

    With a professional specialty in family law litigation and dealing with victims of domestic violence, Yoo pointed to her experience working with opposing attorneys in the judges’ chambers as evidence of her ability to reach consensus.

    On the Republican side in District 2, six candidates – none of whom is incumbent – ​​are running for the three seats. An incumbent District 2 board member, Republican Pete DiCianni, is stepping down from his seat on the board to run for president. The six GOP candidates are former County Council member Sean T. Noonan, former York Township Clerk Daniel J. Kordik, Grant Dungan, Elmhurst Ald. Jennifer Veremis, Nicole Marie Giannini and John Simpson.

    Veremis, a nail salon owner, became involved in government when she and her neighbors on the Elmhurst’s Pick subdivision successfully fought a proposal to place a gas station on the northwest corner of Illinois Highway 83 and St. Charles Road. Veremis was then appointed to the Elmhurst Town Council and later won the full election for the remaining term of her seat.

    “I’m sensitive to inflation, public safety and mental health, and when I say that, it’s not just words. There are people in my community who have reached out to me for help, advice, and that’s where I can add a lot of value,” she said. “I also have unique experience as a hands-on business owner, and I have municipal experience as an elected official and community advocate.”

    An accountant who is now an Oak Brook resident, Kordik was previously a member of a school board and the Villa Park zoning board. He said he was motivated to run after a shooting in December at the Oakbrook Center mall which was “literally in my own backyard because I live right across the creek from (the) mall.”

    “I thought, you know what? My county of DuPage is changing, and that’s where I can best serve,” he said. “I am very supportive of law enforcement and public safety is my top priority. With all the upcoming changes involving the end of cash bail effective January 1, I want to make sure our courts and our sheriff’s office have the resources and tools they need to keep DuPage County safe.

    Noonan, a Bloomingdale’s police officer for nearly two decades who was recently promoted to sergeant and previously served two terms on the county council from 2012 to 2020, said he was unhappy with the direction Democrats have taken. on the board since he took control. He said his greatest focus was on public safety and his support for it.

    “My approach is the same in politics as in being a police officer – if I go into a situation, I don’t care what your religious background or political affiliation is, I’m here to serve you,” Noonan said. “At the end of the day, I’ve said it time and time again, once you’re elected, you have to work together.”

    Another crowded primary is the Republican race for District 1, which covers all or most of Bensenville, Wood Dale, Itasca, Addison and Roselle and parts of Elmhurst, Bloomingdale’s, Lombard and Villa Park.

    The candidates for this primary are incumbents Sam Tornatore and Donald Puchalski and newcomers Bob Dunn, Marya Reyes and Elmhurst accountant Cindy Cronin Cahill, who is Dan Cronin’s sister. Tornatore, of Roselle, who is also chairman of the county health department, said that in addition to public safety and public health, he sees as a major council priority the need to decide how to distribute 161 million dollars in federal money from the CARES Act and another $179 million in funding from the American Rescue Plan Act.

    “Everyone needs our help and is looking for their piece of the pie,” Tornatore said. “We’re trying to spread the pie as best we can, understanding that a lot of that money has gone to public health.”

    Cahill, who served on the Illinois Liquor Control Commission, cited her experience as a business owner and her financial acumen as attributes she would bring to the board. A prosecutor’s mother, Cahill, said she would fully fund the sheriff’s and state’s attorney’s offices, and she said she would prioritize bringing in more residents and businesses in DuPage.

    “I think I bring an outside perspective and a new voice,” Cahill said. “I have the passion and the expertise, and we need new people. It’s time for new voices and new people. Asked about her brother, Cahill noted that “Dan and I have Republican values, absolutely, and I bring my Republican values ​​to the board, but I also bring my own perspective. I am a different person.

    The GOP and Democratic primaries are contested in District 4, which covers all of Glen Ellyn, most of Wheaton and Glendale Heights, and parts of Lombard and Lisle. All three incumbents — Democrats Mary FitzGerald Ozog and Lynn LaPlante and Republican Grant Eckhoff — are up for re-election.

    A former member of the Glenbard District 87 School Board, Ozog currently chairs the County Council’s Public Works Committee. She said dealing with the COVID-19 pandemic and figuring out how to distribute federal pandemic relief funds are the biggest issues facing the council.

    “I believe in fiscal responsibility and prudent spending, and I think we’re doing the best we can with what we have,” said Ozog, whose main opponents include LaPlante, Shawn Ryan and Glen Ellyn Trustee Gary Fasules.

    Now in his third term as a trustee, Fasules cited his ability to work with other members of the nonpartisan Glen Ellyn Village council as a strength. He lamented the recent accusations and the split between the two sides on the county board over the county losing 18 months of recreational marijuana tax revenue.

    “I really want to get away from that (finger pointing),” Fasules said. “I ran because we need to take our similarities and find them and unite on those and move forward for the benefit of the residents. And I have the experience — I know what a council should do as a surveillance capability and how we move certain critical elements.The issues we deal with have nothing to do with partisan politics.

    Eckhoff, who had been on county council since 2002, is running against DuPage County Regional School Commissioner Paula McGowen, DuPage College Administrator Annette Corrigan and former Lombard Administrator Reid Foltyniewicz in the GOP primary in District 4. Eckhoff highlighted his many years of “keeping taxes low while providing essential government services for a long time.”

    Eckhoff also cited public safety, the opioid crisis and mental health as high-profile issues. “I am in favor of more funds for mental health,” he said. “I would like to see more coordinated efforts rather than canton by canton.”

    A family law attorney, Corrigan has focused on fighting crime and keeping the county economy going.

    “It’s expensive to live here, and there are a lot of parts of DuPage where people are suffering,” Corrigan said. “I am very concerned about our residents and making sure people have the basic needs they need on a daily basis.”

    Bob Goldsborough is a freelance journalist.

    The global market for plate modification devices to see

    0

    New York, U.S., June 21, 2022 (GLOBE NEWSWIRE) — Global Plaque Modification Devices Market to Witness Immense Growth with a CAGR of 8.09% by 2027 | DelveInsight

    The global plaque modification devices market is expected to rise owing to the increase in sedentary lifestyles among the population across the globe, which is one of the major risk factors for the development of arterial plaque. Additionally, an increase in the approval and launch of plate-modifying devices is expected to further increase the adoption of these devices in the coming years.

    by DelveInsight Plate Modification Devices Market Overview The report provides the current and forecast market, upcoming device innovations, individual market shares of major companies, challenges, plate modification device market drivers, barriers and trends, and leading plate modification device companies in the market.

    Key Takeaways from the Plate Modification Devices Market

    • According to estimates from DelveInsight, North America is expected to dominate the global plate modification device market during the forecast period.
    • Major plate modification device companies such as Boston Scientific Corporation, Medtronic, Abbott, Shockwave Medical, Inc., Cardiovascular Systems, Inc., AngioDynamics, Inc., Avinger, REX MEDICAL, Ra Medical Systems, Koninklijke Philips NV, Becton, Dickinson and Company, Penumbra, Inc., Stryker , Microvention, Inc., Johnson & Johnson, ARGON MEDICAL., Inari Medical, Nitiloop, Soundbite Medical Solutions, Rontis Corporationand several others are currently working in the plate modification device market.
    • In September 2021, Abbott acquired Vascular Walk, LLC, a commercial-stage medical device company with a minimally invasive mechanical suction thrombectomy system designed to remove peripheral blood clots.
    • In February 2021, Shockwave Medical, Inc., a medical device company focused on the development of intravascular lithotripsy (IVL) to treat severely calcified cardiovascular disease, has received US FDA premarket approval for the company’s sonic pressure wave device to treat severely calcified coronary artery disease.
    • In January 2021, Cardiovascular Systems, Inc. has received CE Marking for the Diamondback 360® Coronary Orbital Atherectomy System.
    • Thus, due to these development activities in the market, rapid growth will be witnessed in the plate modification devices market over the forecast period.

    To learn more about the latest highlights related to plate modification devices, get an overview of the major highlights involved in the Plate Modification Devices Market Report

    Plate modification devices

    Plaques are fatty, waxy substances such as cholesterol, cellular waste, calcium, and fibrin that deposit on the walls of the artery. These deposits can narrow the artery and reduce blood flow. Sometimes the plaques can also rupture and create a blood clot at the rupture site. Plaque-modifying devices are intended to remove plaque and other debris from the arteries, which carry blood to the heart and brain.

    Plate Modification Devices Market Overview

    Geographically, the global plate modification devices market is studied across North America, Europe, Asia Pacific and Rest of the World. In terms of revenue share, North America currently leads the global plate modification device market and is expected to maintain its market position over the study period. This dominance is due to the rise in cases of the target population in the region.

    Moreover, increase in strategic business activities of major players having presence in the region and actively manufacturing plate modification devices to expand their market presence would also contribute to the growth of plate modification devices in the region over the past few years. coming years.

    To learn more about why North America is leading the plate modification device market growth, get an overview of the Plaque Modification Devices Market Analysis

    Plate Modification Devices Market Dynamics

    The market for plate modification devices is now gaining momentum due to the iGrowing prevalence of lifestyle-related diseases such as diabetes and hypertension. In addition, age is an important factor in plaque growth. Moreover, the technology approval improved plaque removal devices in different parts of the world would help expand the plaque modification device market.

    However, the stringent regulatory clearance process for plate modification devices and device complications and surgical procedures are expected to hamper the growth of the plaque modification devices market.

    Moreover, with the outbreak of the COVID-19 pandemic, the demand for plate modification devices in the market has decreased. Indeed, many routine procedures and outpatient visits have been temporarily suspended, and global healthcare facilities have temporarily focused on managing the burden of COVID-19 patients during the initial lockdown period. However, with the approval and administration of numerous COVID-19 vaccines around the world, there has been a significant improvement in the resumption of activities in various fields, including health services, thus paving the way to a healthy payback period for plaque-modifying devices. market.

    Get an Insight into Plate Modification Devices Market Dynamics @ Analysis of plaque modification devices market dynamics

    Scope of the Plate Modification Devices Market Report

    • Cover: Global
    • Study period: 2019–2027
    • Market segmentation by product type: Atherectomy devices, thrombectomy devices, chronic total occlusion (CTO) devices, embolic protection devices, others
    • Market segmentation by application: Coronary heart disease, peripheral arterial disease, neurovascular disease
    • Market segmentation by end user: Hospitals, outpatient surgery centers, others
    • Market segmentation by geography: North America, Europe, Asia-Pacific and Rest of the world
    • Key plate modification devices Companies: Boston Scientific Corporation, Medtronic, Abbott, Shockwave Medical, Inc., Cardiovascular Systems, Inc., AngioDynamics, Inc., Avinger, REX MEDICAL, Ra Medical Systems, Koninklijke Philips NV, Becton, Dickinson and Company, Penumbra, Inc., Stryker , Microvention, Inc., Johnson & Johnson, ARGON MEDICAL., Inari Medical, Nitiloop, Soundbite Medical Solutions, Rontis Corporation, among others
    • Porter’s Five Forces Analysis, Product Profiles, Case Studies, KOL Viewpoints, Analyst Point of View

    DelveInsight Analysis: The plate modification devices market size is expected to grow at a pace CAGR of 8.09% reach about $1.93 billion by 2027.

    Which MedTech Key Players in Plate Modification Devices Market Expected to Emerge as Pioneer Explores @ Plate modification device companies

    Contents

    1 Presentation of the report
    2 Summary
    3 Regulatory analysis and patents
    4 Analysis of key factors
    5 Porter’s Five Forces Analysis
    6 Impact Analysis of COVID-19 on the Plaque Modification Devices Market
    seven Plate Modification Devices Market Layout
    8 Global Business Share Analysis – 3 to 5 Key Companies
    9 Plate Modification Devices Market Company and Product Profiles
    ten Project approach
    11. About DelveInsight

    Want to know the Plate Modification Devices market by 2027? Click to preview Plaque Modification Devices Market Outlook

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    Rolls Royce offers cash for workers facing high cost of living

    0

    British aero-engine maker Rolls-Royce Holdings said it was offering a cash lump sum of 2,000 pounds ($2,458) to around 70% of its British workforce to help them cope at high living costs. The UK economy initially rebounded strongly from the COVID-19 pandemic but is now struggling with a high cost of living made worse by a combination of labor shortages, supply chain disruptions , post-Brexit trade issues and the war in Ukraine.

    The British aero-engine group said it would pay the lump sum in cash to 11,000 workers as well as 3,000 junior managers. In an emailed statement to Reuters, a Rolls-Royce spokesman said the company was also offering a 4% pay rise as of March to 11,000 British workers.

    The company added that this was the first time it had offered a “bonus” tied to economic sentiment and not performance. Household energy bills in Britain are set to rise another 40% in October, the sector regulator warned last month.

    Rolls-Royce added that 3,000 workers would receive the money in August, while the remaining 11,000 would receive the amount when the deal is approved by the union. The move comes days after British Prime Minister Boris Johnson warned that a sharp rise in wages could fuel further price hikes, adding that raising wages to match inflation risked spiraling wages-prices.

    ($1 = 0.8137 pounds)

    (This story has not been edited by the Devdiscourse team and is auto-generated from a syndicated feed.)

    JAT Holdings Posts “Best Fiscal Year Ever” and Delivers on IPO Promise

    0

    Sri Lankan multinational conglomerate and wood coatings market leader, JAT Holdings PLC recorded its best financial year ever, doubling its profit after tax (PAT) in the 2021/22 financial year. Demonstrating resilient performance amid Sri Lanka’s toughest economic environment ever, the company’s revenue grew by 66% to LKR 8.897 billion from LKR 5.36 billion the previous year.

    Meanwhile, gross profit increased by 58% to LKR 2.603 billion from LKR 1.644 billion in the 2020/21 financial year, while operating profit increased by 73%. Most notably, JAT Holdings PLC saw its profit after tax increase by 102% to LKR 1.211 billion from LKR 600 million the previous year. The company also saw its export revenue increase during the year to account for 23% of group turnover, up from 12% the previous year, as the business pivots to a more export-oriented business. ‘export.

    A press release from JAT Holdings said: “During the year, the company was able to maintain gross profit margins at 29%, while operating profit remained limited at 13% due to inflation. input costs and currency volatility during the period under review.However, the Company was able to pay two separate interim dividends to investors worth LKR 0.32 and LKR 0.25 per An analysis of key sector growth further showed that wood coatings increased by 61%, decorative products (which includes WHITE by JAT) increased by 77% and brushes increased by 43%, during the period considered, reflecting growth in both volume and value.

    “Discussing the company’s financial performance, Founder and Managing Director, Aelian Gunawardene said, “We are very pleased to report that we have delivered on our promise and commitment to our stakeholders, which we made during our Initial Public Offering. We made, as promised, an after-tax profit of Rs 1.2 billion. Moreover, we have taken this step in the midst of the most severe economic crisis that Sri Lanka has experienced. Therefore, it should be testament to and reassure our investors and other stakeholders, that JAT Holdings PLC is capable of delivering exceptional value, even in the face of adversity, and is supported by a business strategy suited to the current environment, and will continue to remain resilient for the foreseeable future and beyond.

    “JAT Holdings PLC will address current challenges and turn them, where possible, into opportunities, and implement a forward-looking business strategy to consolidate its position and remain resilient in the face of Sri Lanka’s many evolving crises.

    “Commenting on the business strategy, CEO Nishal Ferdinando said, “A major part of our resilience-driven business strategy will be to move into export-oriented and international businesses with a view to growing revenue as much as possible. export in the short and medium term. . This will provide the Company with stability and the ability to outperform. In fact, in the 2021/22 financial year, export revenues increased to represent 23% of group revenues, which represents a significant increase compared to the previous year, when this figure was only by 12%.

    “To support this strategy, JAT Holdings PLC has already implemented various initiatives in the Bangladesh market, such as establishing a new state-of-the-art R&D facility and commissioning a manufacturing plant. , as well as expansion into the retail market. Separately, the company is also working to expand its operations in Africa, with discussions underway to commission a factory in the country. Together, these new facilities will further solidify the company’s position in the regional market, while contributing to revenue and margin growth.

    Dartmouth eliminates student loans for undergraduates

    Donating financial aid through The Call to Lead campaign has reinforced Dartmouth’s commitment to making a college education accessible and affordable to the most promising and talented students around the world and from all economic backgrounds.

    “Thanks to this extraordinary investment from our community, students can prepare for lives of impact with fewer constraints,” says President Hanlon. “Eliminating loans from financial aid programs will allow Dartmouth undergraduates to pursue their purpose and passion in the widest possible range of career opportunities.”

    Two recent donations capped efforts to eliminate student debt through the campaign. In May, Anne Kubik ’87, a member of the President’s Commission on Financial Aid and an early supporter of the initiative, added $10 million to an earlier pledge to bring the effort closer to reality. An anonymous donor then committed $25 million to complete the campaign, establishing one of the largest scholarship endowments in Dartmouth history.

    “Our gratitude for these extraordinary acts of generosity knows no bounds,” said President Hanlon.

    “Both donors have told me of their enthusiasm for ensuring that more applicants can pursue an education at Dartmouth without worrying about their financial means.”

    – President Philip J. Hanlon ’77

    Currently, Dartmouth undergraduates from families with an annual income of $125,000 or less who have typical assets are offered need-based aid with no loan component required. Dartmouth now waives the loan requirement for undergraduate students from families with annual incomes over $125,000 who receive need-based financial aid. This will reduce the debt burden of hundreds of middle-income Dartmouth students and their families by an average of $22,000 over four years. This will in turn open up opportunities for recent graduates to consider career opportunities or higher degrees that they might not otherwise have been able to pursue.

    More than 65 families have supported the campaign’s goal of eliminating loan requirements from Dartmouth’s undergraduate financial aid scholarships, committing more than $80 million in donations to the endowment.

    “This gift honors Dartmouth’s tradition of service,” says Kubik.

    “Over the years, I’ve been fortunate to serve alongside alumni who dedicate hundreds of hours to making Dartmouth stronger for future students. The presidential commission embodied the best of this altruism of the elders. Dartmouth is more welcoming than ever because of it.

    -Anne Kubik ’87

    Successful applicants to the Class of 2027 will be the first undergraduate students to enroll through this historic investment in Dartmouth’s endowment.

    Over the past week, members of the Dartmouth community have rallied to pledge an additional $5 million to eliminate required loans in financial aid scholarships for all current AB students, many of whom have seen their university experience disrupted by the global pandemic. President Hanlon thanked several families for their commitment to extending the no-loan policy to current students: Dana Banga and Angad Banga ’06; Leslie Davis Dahl ’85 and Robert Dahl; Katherine Dunleavy and Keith Dunleavy ’91; Karen Frank and James Frank ’65 (in honor of Peggy Epstein Tanner ’79); Julie McColl-McKenna ’89 and David McKenna ’89; Hadley Mullin ’96 and Daniel Kalafatas ’96; Robin Bryson Reynolds ’91 and Jake Reynolds ’90; and Victoria Ershova and Mike Triplett ’96.

    “Dartmouth’s commitment to meeting 100% of demonstrated need for all students is longstanding and a source of pride,” says Lee Coffin, Vice Provost, Admissions and Dean of Admissions and Financial Aid. “These new policies reinforce this deep and enduring commitment to full and equal access to an education in Dartmouth. Expanding scholarships by removing loans from all aid programs further levels the playing field as we invite students from all socio-economic backgrounds to join the Dartmouth community.

    Inflationary pressures are pushing Gold Coast business owners to raise prices

    0

    From farm to fork coffee, inflation and the rising cost of living are causing chaos for business owners and consumers, with coffee and vegetables being the latest commodities affected.

    Lettuce prices exploded earlier this month to $11 a pop, leading some large fast-food establishments to use cabbage as a replacement.

    Trays of some berries now sell for up to $13.

    But farmers and business owners say it’s not just lettuce and berries taking a hit, it’s everything on the menu and in the store.

    Gold Coast cafe owner Tolua Scott said she is considering running one of her three outlets on solar power just to help her stay afloat.

    “We’ve been through this for two and a half years already and have gone into significant debt to get through it, so we have to pass it on.”

    A Gold Coast cafe owner says inflation is driving up the cost of doing business.(Provided)

    From coffee to wombok

    Ms Scott said she was told there was unlikely to be a price reprieve for several years and that her products, including coffee, would be affected.

    “Everything has gone up in price,” she said.

    Fruit and vegetable wholesaler Don Meers of Q Growers Market said his outlet wasn’t doing much better.

    He started his career in the 1980s and said he had never seen such high prices.

    “We’re going to be in this situation for at least the next six to eight weeks,” he said.

    Punnet of strawberries for $12.99.
    Strawberry punnets on sale for $12.99.(ABC News: Kimberly Bernard.)

    Farmers injured

    Meers said items that weren’t regular staples had risen in price, with six womboks costing wholesalers $90.

    “Six months ago we were paying $2 for cabbage and selling it for $2.99, now it’s $11 and we have to sell it for $10.99,” he said.

    “We have lost the seedlings of everything, so our main suppliers have no more products.

    Homemade lettuce with a lettuce sign.
    Lettuce in some stores now costs $11 each.(ABC Eyre Peninsula: Bernadette Clarke)

    Mr Meers said while consumers would feel the shock of the bill, farmers were likely to be hit hardest.

    He said he’s seen customers browsing through many grocery stores looking at prices before deciding where to shop.

    “Customers used to come in and just pick up off the shelf and not look at the price,” he said.

    “But now I see people going to Coles, Woolworths and Aldi, the fruit shop, watching the picking with the price more than anything.”

    Gold Coast Chamber of Commerce chairman Martin Hall said businesses were hurting.

    “We’ve been through a relatively stable period where confidence has improved a bit, but the knocks keep coming,” Mr Halls said.

    “Anything that increases that cost of doing business is going to hurt.

    punnets of blackberries for sale for $10.99
    Blackberry punnets sell for up to $10.99.(ABC News: Kimberley Bernard)

    Mr Hall said small businesses will reach a point where costs will start to impact the end user.

    “We really need to make sure that we support our businesses and continue to trade with them,” he said.

    Avantax releases R record – GuruFocus.com

    0

    DALLAS, May 09, 2022 (GLOBE NEWSWIRE) — Avantax®, a leader in tax-focused financial planning, continued its strong recruiting results in the first quarter of 2022 as dozens of finance professionals transferred to Avantax, generating approximately $529 million in recruiting assets. Net new assets from new customers in the first quarter were the highest quarterly inflows since Avantax was created by combining the former company HD Vest and 1st Global Financial Services.

    “Finance professionals come to Avantax because they want to be treated better by their financial services partner, and they want that sense of community that is so strong at Avantax,” said Todd Mackay, president of Avantax. “Since merging our legacy business with Avantax, we have made significant operational, technology and service improvements that are receiving rave reviews from our finance professionals; we make their lives easier and we give finance professionals time to serve clients.

    During the first quarter, 85 independent financial professionals affiliated with Avantax, including those from Sullivan Financial Services, Inc., Fass Wealth Strategies Group and Perspective Wealth Planning:

    • “For me, it was time for a change – to be with a company where you don’t get lost, you’re not on hold forever, and you can get better customer service and a better overall experience. Other companies have reduced available offers, and I really like the Avantax line of products because things like 1031 exchanges are important to us. – Tom Sullivan, CFP®, who transferred to Avantax after 24 years at LPL Financial.
    • “I continue to be impressed with the service from head office and everyone’s advisor-centric attitude, as well as the ease of use of the systems and technology. In my 34 year career, I have never had a better back office experience. – Andy Fass, who transferred to Avantax from a regional company.
    • “We’ve only been affiliated with Avantax for a short time, but I’ve said this many times before – I can’t tell you how great all the Avantax teams in our region are. I almost can’t believe how It was a great experience as we have never experienced a service like this before.” – Matthew Fox, CRC® AIF®, CEO of Perspective Wealth Planning, who transferred to Avantax from Cetera Advisor Networks.

    CPAs, tax practitioners, and finance professionals interested in learning more about joining the Avantax community can find more information at click here.

    Certified Financial Planner Board of Standards, Inc. (CFP Board) is the owner of the CFP® certification mark, the CERTIFIED FINANCIAL PLANNER™ certification mark, the CFP® certification mark logo (with plaque) and the CFP® Certification (with flame) in the United States, which it authorizes for use by individuals who successfully complete the CFP Board’s initial and ongoing certification requirements.

    About Avantax Wealth Management®
    Avantax Wealth Management® offers a tax-efficient approach to comprehensive financial planning. Avantax’s Tax-Smart approach helps clients leverage taxes to create opportunities for financial growth. Most financial companies deal with taxes after the fact, if at all, even though taxes are one of life’s most complex and costly expenses. Avantax technology, tax and wealth management insights are used by Avantax financial professionals to uncover and personalize opportunities throughout their clients’ financial lifecycles to achieve better long-term results. . The wealth management segment of Blucora, Inc. (BCOR), which includes the Avantax Wealth Management® and Avantax Planning Partners℠ brands, had a collective
    $86 billion in client assets as of March 31, 2022. For more information, visit us at www.avantax.com Or on LinkedIn and Facebook.

    Media Contact:
    Tony Katsulos
    Avantax
    (972) 870-6654
    [email protected]

    Investor contacts:
    Dee Littrell
    Blucora, Inc.
    (972) 870-6463
    [email protected]

    Avantax.png

    4 arrested in 3 days on controlled substance charges

    Emory woman allegedly had teenager in her car when she was caught with meth

    Four people have been arrested in the past three days on controlled substance charges. An Emory woman reportedly had a 13-year-old child in the car with her when she was caught with methamphetamine. The two Fort Worth women were allegedly caught with methamphetamine and cocaine during a traffic stop. A Sulfur Springs man was arrested at the courthouse on warrants.

    Wildcat Way Traffic Stop

    Hopkins County Sheriff’s Deputy Isaac Foley reported stopping a Cadillac CTS at 12:57 a.m. Friday, June 17, 2022, for failing to flag 100 feet before a turn off Majors Drive west onto Wildcat Way. The southbound car reportedly only signaled after coming to a complete stop on Majors Drive and then turning onto Wildcat Way near County Road 1103.

    Jasmyn Starr Williams aka Jasmyn Starr Bissell and Jasmin Starr Williams

    Upon contact, Foley observed a woman, identified as Jasmyn Starr Williams, and a 13-year-old boy in the vehicle. The 37-year-old Emory woman told the officer she had just left her boyfriend’s residence and was heading to Yantis. The deputy, noted in arrest reports that he found this strange since Yantis is located just off State Highway 154, which is southeast and had traveled southwest .

    Foley noted that Williams failed to make eye contact with him. This, coupled with what appeared to be an illogical travel itinerary, led to the deputy obtaining the woman’s permission to search the car. Foley reported taking the woman into custody after finding a bag containing a crystalline substance he believed, based on his law enforcement training and experience, to be methamphetamine.

    sergeant. Tanner Steward then arrived to assist Foley in his investigation. After the search of the vehicle was completed, Williams allegedly admitted to having more contraband in his pants. She was allowed to retrieve it, then handcuffed. Williams was transported to Hopkins County Jail at 1:28 a.m. on June 17, 2022. The alleged controlled substance was seized as evidence. They field tested a crystalline substance positive for methamphetamine and weighed just under 3 grams, including packaging, Foley alleged in arrest reports.

    Williams, who is also known to Jasmyn Starr Bissell and Jasmin Starr Williams, was jailed at 2:53 a.m. Friday for possession of 1 gram or more but less than 4 grams of methamphetamine, a sanction group 1/1-B controlled substance. charge. A drug-free zone improvement was added to the charge because of the traffic stop’s proximity to a school, Foley reported.

    The 27-year-old Emory woman was released from Hopkins County Jail later Friday, June 17, 2022, on $20,000 bond on the controlled substance charge, according to jail reports.

    Arrest at the courthouse

    David Ray Rholes Jr.

    HCSO Deputy Alvin Jordan took David Ray Rholes Jr. into custody at 10:10 a.m. on June 15, 2022 at the District Courthouse, where he was scheduled to appear at 9 a.m. for preliminary hearings to to hire a lawyer to represent him on a controlled substance. possession charge, according to Wednesday’s case and arrest reports. The 53-year-old from Sulfur Springs also had four outstanding arrest warrants.

    Rholes was escorted to Hopkins County Jail, where he was incarcerated for two expired registration warrants, failure to maintain a financial responsibility warrant, fictitious license plate or registration, driver’s warrant with an open container and its bail was revoked on Nov 15, 2021 possession of less than 1 gram of a Sanctions Group 1/1-B controlled substance load. Fees owed on outstanding misdemeanor warrants totaled $2,021, according to prison reports. He remained in the Hopkins County jail for the charges on Friday, June 17, 2022, according to jail reports.

    Stopping traffic on Interstate 30

    HCSO Deputy Josh Davis reported stopping a Jeep Liberty traveling in the left lane near mile marker 138 on Interstate 30 east without passing other vehicles at 2:02 a.m. on Wednesday, June 15, 2022. In contact with the occupants, the deputy reported having smelled the smell of marijuana emitted by the vehicle. A search revealed several items of drug paraphernalia belonging to passenger Rachel Erin Denison, according to arrest reports.

    Tonya LaShawn Gilstrap

    Denison was taken into custody and, before being rushed to jail for drug paraphernalia, she admitted to concealing contraband on her person. A plastic container containing a crystalline substance that the deputy suspected was methamphetamine was removed from his body, Davis alleged in arrest reports. The 40-year-old Fort Worth woman was arrested and transported to jail, and the substance was taken in for further investigation.

    The driver, identified in arrest reports as Tonya LaShawn Gilstrap, was arrested after the deputy also found an off-white rock-like substance he believed based on his training and experience in driving. law enforcement as crack cocaine, the deputy alleged in the arrest reports. The 51-year-old Fort Worth woman was arrested and transported to jail, along with the substance.

    The substance Denison had on his field tested positive for methamphetamine and weighed 4.3 grams. As a result, Dennison was incarcerated in the Hopkins County Jail at 4:40 a.m. on June 15, 2022 for possession of a Sanction Group 1 controlled substance and possession of drug paraphernalia, the deputy alleged in arrest reports.

    Rachel Erin Denison

    The substance Gilstrap was charged with field testing positive for cocaine and weighing 1.4 grams, leading to Gilstrap being charged with possession of a Sanctions Group 1/1-B controlled substance.

    Denison and Gilstrap were released from Hopkins County Jail on Friday, June 17, 2022. Bail was set at $10,000 each on the controlled substance charge, according to jail reports.

    HCSO Sgt. Scott Davis and Deputy Frank Tiemann are credited with assisting in traffic stopping and arrests.

    Smileys

    Transforming Growth Factor Beta 1 Market Outlook 2022 and Forecast to 2029

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    Los Angeles, USA,-According to the report of the verified market report, the global transforming growth factor beta 1 market is expected to grow at a tremendous rate over the coming years. Titled “Global Transforming Growth Factor Beta 1 Market Size and Forecast 2022-2029”, this report provides an in-depth look into the future of the global Transforming Growth Factor Beta 1 market. increase in skyscrapers and tall commercial buildings are expected to contribute significantly to the growth of the global transforming growth factor beta 1 market.

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    Cost of Living: Government ‘Can’t Solve All Problems or Save All Businesses,’ Says Business Minister Paul Scully | Political news

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    The government is trying to do all it can to fight the cost of living ‘storm’ but cannot solve all the problems or save all businesses, a business minister has told Sky News.

    Paul Scully played down the immediate likelihood of tax cuts to help struggling households as he pointed to “tight” public finances and rising national debt after the pandemic.

    After resignation of Boris Johnson’s ethics adviser Lord Geidt, Mr Scully also insisted the Prime Minister wanted to draw a line under the party scandal arguing that people were more worried about skyrocketing costs and pressure on their finances.

    Mr Scully said: “We are trying to do everything we can to address the cost of living issue. This is a global situation.

    “We have to do everything we can to weather this storm.”

    Although he emphasized the support provided by the Chancellor, Mr Scully warned: “The Government cannot solve all the problems. It will not be able to rescue all businesses and work with everyone’s individual costs, but we will do all we can within the framework of the preservation of public finances.

    “Because we are servicing our national debt. We are paying something like £85billion just to pay off our debt – not to go to schools, hospitals.”

    He also insisted that discussions on tax cuts should wait for the fall budget.

    Mr Scully claimed it was a low-tax government despite overseeing the highest tax burden in 70 years.

    He said: “The general principle of the party is to have low taxes

    “What I don’t want to do is budget months in advance.

    “There will be no tax cuts now as this will be dealt with in a budget in the fall.”

    Pressed by the departure of Lord Geidt, who said in his resignation letter that he had resigned after being left in a “impossible and odious position”Mr Scully said the Prime Minister was looking to move on.

    The minister said: “He rightly wants to draw a line under the so-called partygate because people are more worried about the cost of living, what it’s going to mean for their mortgages and their bills in the days and the coming months.”

    Rate hikes will hurt businesses and consumers, expert says

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    Consumer prices jumped 8.6% last month from 12 months earlier, prompting the Federal Reserve this week to raise the federal funds rate by 0.75%. This will affect consumers and businesses in various ways, experts say, but should eventually help bring inflation under control. (AP File Photo/Nam Y. Huh)

    Recent rate hikes by the Federal Reserve, including a hefty one this week of 0.75%, reflect a serious desire to lower the prices of everything from lettuce to laptops, but with inflation festering at 8 .6%, regulators still have a long way to go, according to Brian Henderson, chief investment officer at the Bank of Oklahoma.

    In the weeks leading up to the Fed’s last meeting, many thought it would raise rates by 50 basis points – half a percent. But the outlook changed after consumer price index data released on June 10 showed inflation jumped 1% more than expected between April and May. The Fed’s more aggressive response indicates growing concern about inflation and could signal heightened potential for a deeper slowdown in the economy in the months ahead.

    Although only certain aspects of a typical consumer’s finances, such as credit card interest, are directly affected by the Federal Reserve rate, people’s wallets and nest eggs are likely to be indirectly affected. For instance:

    • Savings: The rate hike is good news for savers, as interest rates paid on bank deposits, including savings accounts, generally rise (or fall) with the federal funds rate, but not exactly the same way. Money market returns will also increase with the rate change. While interest rates on accounts and money market yields won’t rise by three-quarters of a percent, they could rise by half, Henderson said.

    • Variable rate loans, including home equity lines of credit, adjustable rate mortgages and credit card debt. Consumers will pay higher interest on variable rate loans tied to the federal funds rate. Credit card interest rates, for example, rise and fall with the prime rate, which is based on the federal funds rate. Businesses with outstanding variable rate loans, such as those financing equipment on revolving lines of credit, will also feel rate hikes. One option for businesses is to refinance on longer-term, fixed-rate equipment financing options in anticipation of further rate hikes.

    What could be indirectly affected?

    • Jobs: inflation means more than high prices; it also means higher salaries. To reduce wage inflation, the Fed must reduce demand for workers, Henderson said. “Companies need to start raising the prices of services to compensate for the labor market wages they pay,” he said. “It can get out of control like what we had in the 1970s and 1980s.” The Fed’s series of rate hikes should help rein in wage inflation by encouraging companies to delay expansion plans, hiring and other spending. That means workers could see more hiring freezes and possible layoffs. However, by raising rates in increments rather than tightening the brakes on the economy, the Fed is trying to avoid massive layoffs, Henderson said.

    • Investments – at least in the short term. “It’s a challenging environment right now for financial markets and the economy with Fed rate hikes, war in Ukraine, COVID-19 restrictions in China, and inflation in the United States,” he said. Henderson said. Markets don’t like uncertainty, so your investments may struggle in the short term, but it’s important to keep a longer-term view when looking at your retirement savings. “Investors saving for retirement should stick to their long-term plan. Pension contributions paid now are investing in the highest returns we’ve seen in nearly five years, and stock valuations based on current earnings estimates are very reasonable.

    Holding that longer-term view should also help people keep current economic conditions in perspective, Henderson said.

    “The economy will slow down, but it’s ultimately good for the United States and good for consumers as prices come down,” he said.

    Mansfield District Court | Local

    The following people are appearing or were scheduled to appear in Mansfield District Court, Presiding Judge Tiffany Cummings.

    Robert AllenJones, 45, of Mansfield, has been charged with theft by unlawful taking, receiving stolen property, unauthorized use of a motor vehicle and damage to personal property. On May 24, an officer was called to Butter’s Car Wash by state police in reference to a stolen vehicle report. The victim and witnesses said Jones stole a 2001 Ford Explorer from the Microtel parking lot. A witness said Jones told him he had permission to use the vehicle. what the witness verified. Jones was not allowed to use the vehicle. A damaged interior light was discovered. A preliminary hearing was held on June 8.

    Russell D. Bowen, 65, of Covington, was charged with three counts of possession of a controlled substance, six counts of use/possession of drug paraphernalia, driving a vehicle whose inspection has expired, driving with an expired registration, misuse of a license plate, driving a vehicle without liability money, driving a vehicle without a title and driving a vehicle without a registration document. On March 14, an officer was dispatched to a car accident on S. Main St. Upon investigation, several indicators of criminal activity were observed. A search revealed drug paraphernalia. On March 16, a search warrant resulted in the discovery of heroin, methamphetamine, amphetamine and dextroamphetamine pills and paraphernalia. A preliminary hearing will take place on June 15.

    Danielle M. Thomas, 30, of Lawrenceville, was charged with DUI/reckless driving, DUI/BAC .16 or higher, reckless driving, reckless driving, and disobeying the lane of traffic. On April 10, an officer responded to a vehicle accident on Lambs Creek Rd. A Chrysler PT Cruiser appears to have struck the embankment on the west side of the roadway. Thomas said she did not know where she was and was suspected of being intoxicated. A field test, blood test and breath test indicated the presence of alcohol. A preliminary hearing will take place on June 15.

    Craig Kenneth Walburn, 35, of Columbia Cross Roads, was charged with two counts of possession of marijuana for personal use, two counts of possession of drug paraphernalia and driving a vehicle after license suspension. On May 15, an officer observed a silver Hyundai operating with suspended registration. During a traffic stop, the officer suspected marijuana use. Walburn admitted he smoked marijuana and gave the officer a pipe. Walburn consented to a search of the vehicle, after which the officer found suspected marijuana. A preliminary hearing will take place on June 15.

    Daniel Joseph Fuller, 21, of Mansfield, has been charged with unauthorized use of a motor vehicle. On May 12, an officer received a report of unauthorized use of a motor vehicle by the victim, who said he was taken from a residence in Mansfield. Fuller had had the vehicle for over a week and refused to return it. The vehicle was found at the address given by Fuller. Fuller said the victim didn’t have a license. Fuller was ordered not to use the vehicle again, and he turned over the keys to the police. A preliminary hearing will take place on June 29.

    Global Natural Fiber Reinforced Polymer Composites Market Innovative Trends, Driving Factors and Growth Analysis 2022-2028 – Instant Interview

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    The Global market for natural fiber reinforced polymer composites from 2022 to 2028 by MarketsandResearch.biz assesses the current market circumstances and forecasts the growth of the industry between 2022 and 2028. This study provides an in-depth overview of growth trends, current growth factors and future development projections.

    Their organizational structure as well as their manufacturing technique are examined. This data is analyzed using situational analysis and other techniques in order to offer an informed opinion on the state of the market, to promote the adoption of an optimal development plan for any company or to give A snapshot of the future state of the Natural Fiber Reinforced Polymer Composite industry.

    Qualitative insights such as factors enabling growth, market restriction, challenges faced by players, and opportunities that can be exploited to increase market share or transform company revenue to increase profitability are covered by the report.

    DOWNLOAD FREE SAMPLE REPORT: https://www.marketsandresearch.biz/sample-request/264954

    The industry is divided into sections to accommodate the under age market person. Polymer composite reinforced with natural fibers

    • Automotive
    • Building construction
    • Sports and leisures
    • Others

    It focuses on a wide variety of business segments. Polymer composite reinforced with natural fibers

    • Polymer composite reinforced with wood fibers
    • Polymer composite reinforced with bast fibers
    • Others

    Every significant player in the company, including you, is investigated.

    • Trex Company, Inc.
    • The AZEK company
    • Fiberon LLC
    • Avient Corporation (PolyOne)
    • Architecture of Oldcastle (AERT)
    • Anhui Sentai WPC Group
    • UPM Biocomposites
    • Tecnaro GmbH
    • TTS inc.
    • FlexForm-Technologies
    • Procotex Corporation
    • Polyvlies Group
    • Bcomp Ltd.

    The industry is divided into several segments. Polymer composite reinforced with natural fibers

    • North America (United States, Canada and Mexico)
    • Europe (Germany, France, UK, Russia, Italy and Rest of Europe)
    • Asia-Pacific (China, Japan, Korea, India, Southeast Asia and Australia)
    • South America (Brazil, Argentina, Colombia and rest of South America)
    • Middle East and Africa (Saudi Arabia, United Arab Emirates, Egypt, South Africa and Rest of Middle East and Africa)

    ACCESS FULL REPORT: https://www.marketsandresearch.biz/report/264954/global-natural-fiber-reinforced-polymer-composite-market-2022-by-manufacturers-regions-type-and-application-forecast-to – 2028

    The research provides companies and other customers with the most up-to-date comparison data, as well as future guidance on how to enter the global or regional market. There are many sections to this. The market potential of each geographic location is assessed in terms of growth rate, macroeconomic factors, and consumer buying habits in this study. In the Natural Fiber Reinforced Polymer Composites Industry Market Position, Company Profitability, Development Plans, Economic Considerations, Opportunities, Difficulties, Risks and Barriers to Entry are all taken into account.

    Report customization:

    This report can be customized to meet customer requirements. Please contact our sales team ([email protected]), who will ensure that you get a report tailored to your needs. You can also get in touch with our executives at +1-201-465-4211 to share your research needs.

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    What is a Qualified Small Employer HRA (QSEHRA)?

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    Employer-provided benefits can help attract and retain employees, but group health insurance plans can be too expensive for some small businesses. The good news is that there are alternatives. A Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) is an option for some employers who want to provide health care benefits to employees without breaking their budget.

    What is a Qualified Small Employer HRA (QSEHRA)?

    A QSEHRA allows eligible small businesses that do not sponsor group health insurance or excluded benefits, such as dental or vision care, to reimburse their employees for qualified medical expenses. These reimbursements are tax-free as long as employees are enrolled in health plans that meet the Minimum Essential Coverage (MEC) requirements of the Affordable Care Act (ACA). The company should also not be considered an applicable large employer (ALE), for example, it has less than 50 full-time employees.

    How do QSEHRAs work for a small employer?

    Under the basic terms of a QSEHRA, employees with minimum essential medical coverage submit qualified medical expenses and supporting documentation to their employer, who then reimburses them with tax-free money up to a maximum amount. annual. However, to be fully compliant with federal guidelines, certain requirements must be met before costs are covered.

    QSEHRA requirements

    Because QSEHRA is not a group health plan, it is governed by a different set of rules. Some of the requirements for employers and employees are:

    • Reimbursement amounts are fixed
      Employers have some leeway in deciding how much they will contribute to a QSEHRA. There is no reimbursement minimum, but the IRS enforces annual maximums per employee – one for individual health insurance coverage and another for family coverage. If employees don’t use their entire QSEHRA balance, employers keep the remaining money and can roll it over to the next year.
    • Terms are applied uniformly to all eligible employees
      Uniformity does not mean that one employee cannot receive more reimbursements than another employee (up to the annual maximum). The IRS allows payment differences based on age and individual versus family coverage. What uniformity means is that employers cannot reimburse all eligible medical expenses for one category of employees and reimburse only a portion of eligible medical expenses for another category of employees.
    • Written opinions are provided
      Employers offering a QSEHRA must provide written notice to eligible employees at least 90 days before each new year. If employees are not eligible at that time, they must be notified in writing on the day they become eligible. Failure to provide written notices may result in monetary penalties.
    • Minimum essential coverage is checked
      Employees and anyone else covered by their plan can only be reimbursed through a QSEHRA after providing proof that their health insurance meets MEC standards. There are two acceptable forms of evidence:
      1. Official documents from an insurance company, such as an insurance card or explanation of benefits/proof of coverage
      2. Certificate from the employee confirming the existence of the MEC, as well as the start date of the coverage and the name of the insurer

      Each reimbursement request subsequent to the initial certification must include proof of MEC. If an employee is mistakenly reimbursed for medical expenses during a period when he did not have a CEM, the reimbursement amount is added to his gross income and, therefore, subject to tax.

    • Medical expenses are justified
      In addition to verifying MEC, employees are required to substantiate all medical expenses for which they are claiming reimbursement. Substantiation can be satisfied in the same way as Flexible Spending Accounts (FSA), which means that employees must provide their employer with written documentation from a third party that details the nature of the medical expenses and the total cost. They must also declare, in writing, that the expenses incurred have not already been paid by their insurance company. Any refund processed without justification may be taxed.
    • Refunds are reported
      The IRS requires employers to report QSEHRA on each eligible employee’s Form W-2, Wage and Tax Return. This disclosure pertains to the total reimbursement to which the employee is entitled throughout the year, not the amount actually received.

    Who can participate in a QSEHRA?

    The IRS defines QSEHRA eligibility differently for employers and employees.

    Employer qualifications

    A small business can generally offer a QSEHRA as long as it does not:

    • Have 50 or more full-time employees
    • Sponsor a group health plan, FSA, or any other benefit except
    • Approve a particular policy or health insurance company

    Employee qualifications

    Any employee of an eligible employer may be eligible to participate in a QSEHRA. However, the IRS allows businesses to exclude part-time and seasonal workers, employees under age 25, and those who have not been with the employer for at least 90 days. Additional exclusions may apply to non-resident aliens and employees covered by a collective agreement.

    Frequently asked questions about QSEHRA

    What is the difference between an HRA and a QSEHRA?

    QSEHRAs are limited to small businesses that have fewer than 50 employees and do not offer group health coverage. Health Reimbursement Schemes (HRAs), on the other hand, are available to businesses of all sizes and must be accompanied by a group health plan in accordance with the ACA.

    What can be reimbursed with QSEHRA?

    The following types of medical expenses can generally be reimbursed through a QSEHRA:

    • Insurance premiums (health, dental, vision, etc.)
    • coinsurance
    • Franchises
    • Copays
    • Prescription drugs
    • Over-the-counter medications

    Does QSEHRA use it or lose it?

    Employees eligible for a QSEHRA cannot receive cash payments. If his medical expenses for the plan year do not reach the reimbursement limit, the employer keeps the remaining balance and can carry it forward to the following year.

    This article is intended to be used as a starting point in analyzing QSEHRA and is not a comprehensive requirements resource. It offers practical information on the subject and is provided with the understanding that ADP does not provide legal or tax advice or other professional services.

    The refining crunch is driving record diesel prices in Asia. Blame China: Russell

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    LAUNCESTON — There is one country that could do a lot to relieve the current high retail prices of diesel and gasoline in Asia, but so far it shows no signs of doing so. China.

    The world’s largest crude oil importer also houses much of the spare refining capacity in Asia, and it has the capacity to process additional crude and export refined products.

    But China has largely moved away from exports of refined fuels such as diesel and gasoline this year, and shows little sign of recovering from its previous levels of shipments anytime soon.

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    China only allows exports of refined products under official quotas, mostly granted to large state-owned refiners and not to smaller independent companies that hold much of China’s idle refining capacity .

    A further 4.5 million tonnes of export quotas were issued last week, bringing the total for 2022 to 17.5 million tonnes.

    However, this is 41% less than the 29.5 million tonnes emitted in the first tranche of last year, and this lack of export quotas shows up in China’s official data for fuel shipments. .

    China exported 3.27 million tonnes of refined products in May, down 40% from the same month a year earlier. For the first five months of 2022, refined fuel exports are 38.5% lower than the same period in 2021.

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    The breakdown by fuel type for May product exports will be released later in June, however, Refinitiv Oil Research said diesel exports were just 230,000 tonnes, or just 55,600 barrels per day (bpd). ) in May, down massively from the official figure of 406,000 bpd. in May last year.

    Chinese gasoline exports were higher, with Refinitiv estimating around 268,700 bpd in May, but that was also down from around 425,000 bpd in May last year.

    Issuance of some new quotas could lead to a slight increase in exports in June and July, but without small independent refiners being able to participate, shipments from China are unlikely to recover to near 2021 levels.

    The lack of Chinese shipments has helped push diesel’s profit margin to record highs, with a typical Singapore refinery earning a margin of $60.57 a barrel on Tuesday producing 10ppm of gas oil, the cornerstone of diesel.

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    The profit margin on diesel has doubled since the recent low of $31.79 a barrel on May 19, and is also 365% higher than it was at the end of last year.

    PETROL, NAPHTHA

    The profit margin, or crack, on gasoline production in Singapore has also performed well this year, ending at $28.44 a barrel on Tuesday, around 155% higher than $11.14 at the end of 2021.

    However, the gasoline crack has eased somewhat from a record high of $37.27 a barrel on May 20 as high retail prices across much of Asia dampened demand for fuel. mainly used for transporting light vehicles.

    It should be noted that not all refined fuels have such strong margins. Crack to produce naphtha light distillate primarily used to make petrochemicals, is currently at a loss of $120.08 per ton, or a loss of about $13.49 per barrel.

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    It is the largest loss for naphtha manufacturing since the 2008 global financial crisis and reflects weak demand for raw materials in major consumer China amid oversupply as refiners elsewhere try to maximize crude throughput to increase production of profitable fuels such as diesel and gasoline.

    Overall, the data indicates that the problem in Asian fuels markets is not a lack of crude oil, but rather a lack of available refining capacity, continued strong demand for diesel and a sharp decline in refined products from China.

    Given that China does not look likely to significantly increase its fuel exports in the coming months, high prices for refined fuels are likely to persist to the point of demand destruction.

    (Edited by Richard Pullin)

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    This document may contain inactive text addresses to websites operated by us and third parties. Reference to such websites is made for informational purposes only and information found on such websites is not incorporated by reference herein. ING makes no representations or warranties as to the accuracy or completeness of the information found on websites operated by third parties, and assumes no liability in respect thereof. ING expressly disclaims any responsibility for any information found on websites operated by third parties. ING cannot guarantee that websites operated by third parties will remain available after the publication of this document, or that any information found on these websites will not change after the filing of this document. Many of these factors are beyond ING’s control.

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    Social enterprise fund targets ‘purpose driven’ businesses hit by Covid and cost of living crisis

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    A second round of funding has been made available by Social Investment Scotland (SIS) through its Recovery and Resilience Fund, with loans of up to £1.6m.

    The fund welcomes applications for flexible loan funding which is designed to support ‘purpose driven’ Scottish organizations which have been hardest hit over the past two years of lockdown and restrictions.

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    The fund was established in October 2021 but has reopened to provide social enterprises and charities with a financial boost amid the ongoing economic recovery.

    Organizations will be able to apply for funding from £200,000, with low interest rates, no application fees, no repayments for the first 12 months and further repayments scheduled over a five-year period.

    SIS chief investment officer Chris Jamieson said: “The third sector and social enterprises have been a vital community lifeline during the pandemic, but the end of lockdown has not necessarily meant an instant return to life for them. normality, especially with regard to income. generation.

    “We know that many of Scotland’s most influential organizations and purpose-driven organizations have struggled during the pandemic to access the support they need, and the demand for funding still exists, particularly with the cost of living crisis.

    “As we continue to rebuild Scotland’s economy – build back better – it’s time to ramp up the volume and ensure that social enterprises and charities play a vital role in delivering goods and services that generate a impact as well as benefits.”

    Dougie Baird, chief executive of the Outdoor Access Trust for Scotland, one of the organizations to have received the funding so far.

    Three Scottish organizations that have so far received combined funding of £1.35million through the fund, supporting their return to normality post-pandemic are Glasgow community anchor organization The Mungo Foundation, the communications support charity Sense Scotland and the Outdoor Access Trust for Scotland. Each received £350,000, £600,000 and £400,000 respectively.

    Dougie Baird, chief executive of the Outdoor Access Trust for Scotland, said: “The pandemic really couldn’t have come at a worse time for us as we were coming to the end of our biggest project to date, The Mountains and The People Project, and resulted in increased costs and reduced revenues.

    Read more

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    Social Investment Scotland to offer multi-million boost to ‘mission-driven’ university…

    Soybeans hover near record high as U.S. cuts supply outlook

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    SINGAPORE — Chicago soybean futures gained ground on Monday as the market rose for five out of six sessions and traded near last week’s record high, supported by a US forecast for lower stocks.

    Wheat jumped 1.5% as concerns over supplies from the Black Sea region supported prices, while corn rose after closing largely unchanged on Friday.

    FUNDAMENTALS

    * The most active soybean contract on the Chicago Board of Trade (CBOT) added 0.1% to $17.47 a bushel by 0009 GMT, not far from Thursday’s high of $17.84 a bushel.

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    * Wheat rose 1.5% to 10.86% a bushel and corn gained 0.7% to $7.78-1/2 a bushel.

    * U.S. soybean stocks will be lower than expected as export demand for U.S. offers remains strong even with recently harvested supplies from Brazil and Argentina available for overseas buyers, the government said on Friday.

    * The United States Department of Agriculture (USDA) lowered its outlook for 2021/22 soybean ending stocks to 205 million bushels from 235 million. For the 2022/23 marketing year, the soybean inventory estimate has been reduced from 310 million to 280 million.

    *Maize ending stocks were set at 1.485 billion bushels for 2021/22 and 1.400 billion bushels for 2022/23, with the export outlook for the 2021/22 marketing year reduced by 50 million bushels at 2.450 billion bushels.

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    * The agency forecast 2022/23 ending wheat stocks at 627 million bushels, up 6 million bushels from the previous month.

    * Lack of grain supplies from war-torn Ukraine continued to support world wheat prices.

    * The state of the soft wheat crop in France has deteriorated for a sixth consecutive week, according to data from the agricultural office FranceAgriMer, but a smaller drop in the last week suggested that rain and higher temperatures could curb the spring drought.

    * An estimated 66% of the French soft wheat harvest was in good or excellent condition in the week to June 6, compared to 67% the previous week, FranceAgriMer said in a report on cereal harvests on Friday.

    * Large speculators reduced their net long position in CBOT corn futures in the week to June 7, according to regulatory data released Friday.

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    * The Commodity Futures Trading Commission’s Weekly Trader Commitments Report also showed that non-trading traders, a category that includes hedge funds, increased their net short position in CBOT wheat and reduced their net long position in wheat. soy.

    MARKET NEWS

    * Global stock markets tumbled and the dollar strengthened on Friday after a bigger-than-expected spike in US inflation in May sparked fears the Federal Reserve could tighten policy for too long and cause a sharp slowdown .

    DATA/EVENTS (GMT, April) 06:00 UK GDP East 3M/3M 06:00 UK GDP estimate MM, YY 06:00 UK manufacturing output MM (report by Naveen Thukral; editing by Rashmi Aich)

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    Qingdao Global Venture Capital Conference 2022 officially closes

    QINGDAO, China, June 12, 2022 /PRNewswire/ — About June 11, 2022 Qingdao Global Venture Capital Conference officially concluded. The theme of the conference is “Creating an era through entrepreneurial investment and venture capital, and creating the future through innovation and entrepreneurship – Let’s build a new engine for innovative development and build new platforms for science and technology policies”. During the two days of the conference, at least a hundred renowned industry experts, academics, entrepreneurs and representatives of venture capital institutions from all over the world attended the meeting. It condensed development consensus and stimulated creativity. As an open city, dynamic city and capital, Qingdao is becoming a critical financial center in the north China with the spirit of acceleration.

    During the opening ceremony, Chen ChunyanMember of the Party Committee and General Secretary of the Asset Management Association of Chinasaid that as an experimental area for comprehensive financial reform of wealth management, Qingdao held three sessions of the conference, which is committed to building a venture capital center and promoting innovation and entrepreneurship development to achieve new effects. The Asset Management Association of China will work hand in hand with all sectors of society, including Qingdaoto assume responsibilities and move forward, thus contributing positively to the quality development of venture capital funds.

    Regarding the signing of projects, a total of 44 representative projects of the conference were signed together, with an amount of 61.765 billion yuan. The number of signed projects set a new record in all previous conferences. The proposed investment direction of the landing fund and the entities of the projects for the investment of the fund is mainly concentrated in emerging technology industries such as smart manufacturing, Internet of things, artificial intelligence, new materials , the new generation of information technology, medical devices and instruments, energy conservation and environmental protection. Capital is accelerating in the entity industry like living water, providing strong development momentum for the high quality of economic and social development.

    Qingdao 2022 Global Venture Capital Conference is held through the combination of “online + offline”. As the premier international high-level financial industry conference held in Qingdao this year it has attracted a lot of attention from the industry. Representatives from Shenzhen Stock Exchange, Shanghai Stock Exchange and Beijing Stock Exchange attended the meeting. In addition, venture capital institutions included major venture capital and equity investment institutions such as SCGC, Yingke PE, Oriental Fortune Capital, Hillhouse Capital, Green Pine Capital Partners, CDH Investments, Costone Capital, China Fortune -Tech Capital and Hony Capital. Around 6 p.m. on November 11ththe number of views of the live broadcast of the conference had exceeded 18 million, setting a record for the highest live broadcast of the conferences.

    In 2022, it is the fourth year that we have organized the Global Conference on Venture Capital. The Venture Capital Conference has taken a leap forward in growing from scratch over the past four years. As a result, it becomes a weathervane for the development of the venture capital industry and one of the shining calling cards of Qingdao. As the cloud begins to rise in the sky, the bright future is worth waiting for. The Global Venture Capital Conference will always promote and deepen global venture capital exchanges and cooperation, and take the strengthening of the brand influence of Qingdao, the financial city, as an important responsibility. Moreover, it will give “China voice” to the world, and try to become the information window of global venture capital.

    Adhering to the goal of building an international metropolis with modern socialist characteristics in the new era, Qingdao will firmly promote the construction of the global venture capital center and forge ahead in realizing the new concept of development, promoting high-quality development and building a modern economic system, thus contributing to the wisdom and responsibility to build a modern industrial pioneer city and an international innovative city.

    SOURCE Qingdao Global Venture Capital Conference

    Centamin (LON:CEY) could risk shrinking as a business

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    What financial indicators can tell us that a company is maturing or even declining? When we see a decline come back on capital employed (ROCE) in connection with a decrease base capital employed, this is often how a mature company shows signs of aging. This indicates that the company is getting less profit from its investments and its total assets are decreasing. And from a first reading, things don’t look very good to centamine (LON:CEY), so let’s see why.

    Return on capital employed (ROCE): what is it?

    For those who don’t know what ROCE is, it measures the amount of pre-tax profits a company can generate from the capital used in its business. The formula for this calculation on Centamin is:

    Return on Capital Employed = Earnings Before Interest and Tax (EBIT) ÷ (Total Assets – Current Liabilities)

    0.11 = $148 million ÷ ($1.4 billion – $81 million) (Based on the last twelve months to December 2021).

    Therefore, Centamin has a ROCE of 11%. On its own, that’s a pretty standard return, but compared to the 15% metals and mining industry average, it’s not nearly as good.

    See our latest review for Centamin

    rock

    In the chart above, we measured Centamin’s past ROCE against its past performance, but the future is arguably more important. If you want, you can check out analyst forecasts covering Centamin here for free.

    What is the return trend?

    We are a bit worried about the trend of capital returns at Centamin. To be more precise, the ROCE was 19% five years ago, but since then it has fallen significantly. Meanwhile, the capital employed in the company remained roughly stable over the period. This combination may be a sign of a mature business that still has areas to deploy capital, but the returns received are not as high due potentially to new competition or lower margins. If these trends continue, we don’t expect Centamin to become a multi-bagger.

    The essentials of Centamin’s ROCE

    Overall, lower returns from the same amount of capital employed are not exactly signs of a compounding machine. Investors did not like these developments, as the stock fell 34% from five years ago. That being the case, unless the underlying trends return to a more positive trajectory, we would consider looking elsewhere.

    One last note, you should inquire about the 2 warning signs we spotted with Centamin (including 1 that makes us a little uncomfortable).

    Although Centamin does not generate the highest yield, check out this free list of companies that achieve high returns on equity with strong balance sheets.

    Feedback on this article? Concerned about content? Get in touch with us directly. You can also email the editorial team (at) Simplywallst.com.

    This Simply Wall St article is general in nature. We provide commentary based on historical data and analyst forecasts only using unbiased methodology and our articles are not intended to be financial advice. It is not a recommendation to buy or sell stocks and does not take into account your objectives or financial situation. Our goal is to bring you targeted long-term analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price-sensitive companies or qualitative materials. Simply Wall St has no position in the stocks mentioned.

    Apple could gain ground against Microsoft Windows with M2 chips

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    Apple CEO Tim Cook (right) looks at a newly redesigned MacBook Air laptop during WWDC22 at Apple Park on June 06, 2022 in Cupertino, California. Apple CEO Tim Cook kicked off the annual WWDC22 developer conference.

    Justin Sullivan | Getty Images

    Apple’s new laptops announced on Monday, featuring the iPhone maker’s next-generation internal chips, could pose new challenges to Microsoft’s lucrative Windows business.

    Since Apple started selling Macs powered by its in-house M1 processors in late 2020, the company’s computing business has grown. Earlier this week, Apple introduced the M2, which will debut in the new 13-inch MacBook Air and MacBook Pro.

    The new chip will feature 25% more transistors and 50% more bandwidth than the M1.

    Mikako Kitagawa, an analyst with technology industry research firm Gartner, said Apple could continue to gain market share with the M2 architecture. In 2021, Apple held 7.9% of global PC shipments by operating system, while Windows controlled 81.8%, according to Gartner estimates. The company expects Apple’s share to increase to 10.7% in 2026 while Windows’ share will slip to 80.5%.

    Kitagawa said an updated forecast that will likely make Apple’s performance stronger will arrive in the coming weeks.

    Apple’s Mac business has been revived by new devices featuring the company’s own chips replacing Intel’s processors. The first was the MacBook Air released last year, followed by updated models of the iMac, Mac Mini and MacBook Pro laptops, and a new model for power users called the Mac Studio.

    Apple’s newer devices have longer battery life than their older Intel-based counterparts and plenty of processing power.

    Sales jumped. Apple’s Mac business grew 23% in fiscal year 2021 to more than $35 billion in sales. In the March quarter, Mac sales grew more than 14%, a faster increase than any other category of Apple hardware. Apple CEO Tim Cook told analysts in April that “incredible customer response to our M1-powered Macs helped propel a 15% year-over-year increase in revenue despite supply constraints”.

    This is not good news for Microsoft.

    Most of Microsoft’s Windows revenue comes from licenses it sells to Dell, HP, Lenovo and other device manufacturers. That’s 7.5% of Microsoft’s total revenue and nearly 11% of gross profit, Morgan Stanley analysts led by Keith Weiss wrote in a note this week.

    As Microsoft loses market share, “a lot of price control is lost in the marketplace,” said cybersecurity startup CEO Brad Brooks Censys and former corporate vice president for Microsoft’s Windows consumer business.

    Most Windows licensing revenue to device manufacturers comes from commercial customers. Brooks said Apple is growing among consumers, and he’s learned in his nine years at Microsoft that there’s a positive correlation between consumer usage and what happens at work.

    “Once they start using a different set of products in their home environment, they’re more likely to adopt that environment in their work environment,” Brooks said, speaking of business leaders who make business decisions. purchase of technology.

    Brooks said he switched to a Mac as his primary computer in 2017 and would like an M2 machine in the future. All of his company’s roughly 150 employees use Macs as their primary computers, he said.

    Businesses have been slow to adopt Apple’s M1 computers due to fears that key applications won’t be compatible. But Adobe, Microsoft and other developers have gradually released native versions of their software for devices, said Kitagawa, who now expects enterprise adoption to grow.

    Patrick Moorhead, CEO of industry research firm Moor Insights and Strategy, said Windows PCs could eventually have battery life and performance to match Apple’s latest Macs. Of the chipmakers they use, “It’s currently closer between Apple and AMD than between Apple and Intel,” Moorhead said.

    Apple has other levers to pull, however, as it could offer cheaper computers. Moorhead is considering a MacBook SE that could cost $800 or $900, compared to the $1,199 starting price for Apple’s upcoming MacBook Air M2. It would be similar to what Apple did with the iPhone SE, a budget iPhone that lacks some of the company’s latest smartphone enhancements.

    “A MacBook SE at a much lower price would disrupt Windows quite significantly,” Moorhead said.

    Microsoft did not respond to a request for comment.

    — CNBC’s Kif Leswing contributed to this report.

    LOOK: Apple’s M2 chip and subsequent payment service are Apple’s most important WWDC announcements, according to Goldman’s Hall

    Faced with record inflation, Biden berates Exxon and oil companies for profits

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    Content of the article

    LOS ANGELES — U.S. President Joe Biden on Friday accused the U.S. oil industry, and Exxon Mobil Corp in particular, of capitalizing on a supply crunch to fatten profits after a report showed inflation hit a low. new record of 40 years.

    US consumer inflation accelerated in May https://www.Reuters.com/markets/us/soaring-gasoline-food-prices-boost-us-consumer-inflation-may-2022-06-10 as gasoline prices hit an all-time high and the cost of food soared, driving the largest annual increase in four decades. A gallon of regular gasoline costs an average of $4.99 nationwide on Friday, according to the AAA motoring group.

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    Biden, who took office promising to reduce the United States’ dependence on fossil fuels, said on Friday he hoped to ramp up oil production, which is expected to reach record levels in the United States next year.

    But he also issued a warning to the industry, whose profits have surged with oil and gas prices, pointing to the gains as evidence that consumers are paying more than labor and shipping costs. students.

    “Exxon has made more money than God this year,” Biden told reporters after a speech to dockers’ union representatives at the Port of Los Angeles. US oil companies are not using their higher profits to drill more, but to buy back stock, he added.

    Share buybacks improve earnings per share by reducing the number of shares outstanding, indirectly helping to drive up stock prices. Companies view buyouts as a way to reward investors.

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    “Why don’t they drill? Because they make more money without producing more oil,” Biden said. “Exxon, start investing and start paying your taxes.”

    Exxon pushed back on the comments, noting that it has continued to increase its U.S. production of oil, gasoline and diesel, and has borrowed heavily to boost production while suffering losses in 2020.

    “We have been in regular contact with the administration, advising them of our planned investments to increase production and expand refining capacity in the United States,” spokesman Casey Norton said.

    Exxon will increase spending by 50% in its West Texas shale holdings, it said, where it plans to add 25% more production this year after adding 190,000 barrels to oil production Last year. An ongoing expansion of the Texas refinery will add the equivalent of a “new mid-size refinery,” Norton said.

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    Exxon, the largest US oil producer, lost some $20 billion in 2020 and had borrowed more than $30 billion to finance its operations. It paid $40.6 billion in taxes last year, $17.8 billion more than in 2020, he said.

    The president spoke during a visit to the Port of Los Angeles, where he defended his economic and job creation record and deflected blame for inflation, which soared 8.6% in May according to a new report from the Department of Labor.

    At a Democratic campaign fundraising event in Beverly Hills that evening, Biden sounded a cautious tone about the outlook for inflation going forward: “We’re going to live with that inflation for a while.” , did he declare. “It’s going to come down gradually, but we’re going to live with it for a while.”

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    Biden had earlier chastised the US oil, gas and refining industries for using “the challenge created by the war in Ukraine as a reason to make things worse for families with excessive profit taking or price hikes. “.

    Exxon posted its biggest quarterly profit in seven years when it reported fourth quarter results in February. After halting share buybacks several years ago, it resumed them this year and pledged to spend up to $30 billion through next year.

    Many companies have said they are withholding spending that could depress oil production to lower oil prices more than $100 a barrel because that is what investors are demanding.

    Soaring costs have become a political headache for the Biden administration, which has tried several measures to bring prices down. These include a record release of barrels from U.S. strategic reserves, waivers of rules related to summer gasoline production and relying on major OPEC countries to increase production.

    Biden, in his remarks on Friday, urged Congress to pass legislation to reduce energy, prescription drugs and shipping costs.

    Shipping companies made $190 billion in profits, a sevenfold increase in one year, Biden said at the port. The situation made him so “viscerally angry” that he wanted to “pop them”, he said. (Reporting by David Gaffen in New York, Kanishka Singh in Washington; Editing by Heather Timmons, John Stonestreet, Richard Chang and Kim Coghill)

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    Arrest Reports 6/5/22 to 6/8/22 | Arrest reports

    SMITH, SARYN ELIZABETH 32 AVE JASPER, TX 75951 06/05/2022 11:20 AM

    JPD 22-00545 AGG ASSAULT WITH DEADLY WEAPON

    ~

    BARNES, JACOBY 21 MB JASPER, TX 75951 06/05/2022 11:03 PM

    JCSO 13873JD; JC35709; 14419JD; TR21-0497J3-1;22-00705; A1220010; FM21-0171J4; FM21-0161J4

    MAN LED CS PG 1 >=4G

    FTA / POSS MARJ

    CHILD SEXUAL ASSAULT

    RIDE, NOT SECURED BY SEATBELT – PASSENGER (WHEN REQUIRED)

    PROH SUB CORR/CIV COM EASY-ATTEMPT

    AVOID ARREST DETENTION

    FRAUD USAGE/POSS IDENTIFICATION INFO # ITEMS

    FLIGHT PROP >=$750

    ~

    BRANDON, JOSHUA BROOKS 40 MW KIRBYVILLE, TX 75956 06/06/2022 03:42

    JCSO D220279

    POSSCS PG 1/1-B

    BANGARD, LEOPOLD DAVID 27 MW KIRBYVILLE, TX 75956 06/06/2022 03:48

    JCSO

    POSS CS PG 1 >=4G

    ~

    ROSS, DUSTIN WAYNE 37 MW COLMESNEIL, TX 75938 06/06/2022 12:52

    JCSO CJ-2022-0009

    COUNTERFEITING OF FINANCIAL INSTRUMENTS

    ~

    CAMPBELL, NUA KOSHA LATRICE 47 FB JASPER, TX 75951 06/06/2022 11:19 PM

    JPD

    PUBLIC POISONING

    ~

    BROWN, BOBBY GLENN 37 MB JASPER, TX 75951 06/07/2022 06:47

    JPD

    T16-099J5-1; TR17-1181J3-1;TR18-0749J3-1;TR18-0750J3-1;TR19-0388J3-1;TR19-0389J3-1;TR19-0390J3-1;M0051242; M0051242; M0051242

    NO DRIVER’S LICENSE (WHEN THERE IS NO LICENCE)

    DRIVING WITH AN INVALID LICENSE

    SPEED 10% OR MORE ABOVE POSTED SPEED (#) 98/75

    DRIVING WITH AN INVALID LICENSE

    SPEED 10% OR MORE ABOVE POSTED SPEED (#) 87/75

    FAILURE TO MAINTAIN FINANCIAL RESPONSIBILITY (#)

    DRIVING WITH AN INVALID LICENSE

    CLASS C TRAFFIC OFFENSES

    CLASS C TRAFFIC OFFENSES

    TRAFFIC

    ~

    TURPIN, ETHAN ALEXANDER 29 MW NEWTON, TX 75966 06/07/2022 1:12 PM

    JCSO CJ2021-0136

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    ~

    MCCARTY, GILBERT DANIEL 56 MW JASPER, TX 75951 06/07/2022 15:32

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    ~

    MATTHEWS, JARED DION 31 MB HOUSTON, TX 77066 06/07/2022 5:00 PM

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    ~

    HOLMES, CODY ONEAL 38 MW BUNA, TX 77612 08/06/2022 02:32

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    JCSO JC33915; JC34182; TR20-0338J3-1; TR20-0385J3-1;TR20-0386J3-1;TR18-1430J3-2

    FTA / CRIMINAL MISDEEF >=$100

    FTA/DRIVING W/LIC INV W/PREV CONV/SUSP/W/O END RES

    DID NOT MAINTAIN FINANCIAL RESPONSIBILITY

    EXPIRED DRIVER’S LICENSE

    DID NOT MAINTAIN FINANCIAL RESPONSIBILITY

    DRIVING WITH AN INVALID LICENSE

    ~

    RANGE, IVORY EUGENE 64 MB Kirbyville, TX 75956 08/06/2022 16:58

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    Growing share of the compounding pharmacy market and driving factor for the overall development [2022-2032]

    0
    Growing share of the compounding pharmacy market and driving factor for the overall development [2022-2032]

    Global Compounding Pharmacy Market The report consists of substantial data which provides future forecast and detailed analysis at global and regional level. The report is very helpful in evaluating brand awareness, market landscape, possible future issues, industry trends and customer behavior with which superior business strategies can be defined. The Compounding Pharmacy market insights gathered in this global marketing report will help the insightSLICE industry to make competent business decisions. The large-scale Prep Pharmacy market research report presents a comprehensive overview of the market where it covers various aspects such as product definition, segmentation based on various parameters and dominant vendor landscape.

    Get Sample PDF Report + All Related Charts & Graphs @ https://www.insightslice.com/request-sample/509

    Comprehensive Compounding Pharmacy Market research document contains significant statistics on the market status of global and regional manufacturers and is an excellent source of assistance and direction for companies and individuals interested in the industry. With this report, it can also be estimated that how the actions of key players are affecting the sales, import, export, revenue and CAGR values. This market report is most suitable for the needs of the business in many aspects and also facilitates informed decision-making and smart working. The reliable Compounding Pharmacies Market report presents a comprehensive overview of the market where it covers various aspects such as product definition, segmentation based on various parameters and dominating vendor landscape.

    Market overview

    The research report offers in-depth insights into the market share, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and barriers to entry, sales channels and distributors and well analyzed with PESTLE analysis. This market report considers several industry research, customer insights, market size and forecast, competition analysis, market entry strategy, pricing trends , sustainability trends, innovation trends, technological development and assessment of distribution channels. An all-inclusive market document encompasses major players along with their volume share in key regions such as APAC, EMEA, and Americas and the challenges they are facing.

    Competitive analysis:

    The report profiles the following companies, which includes B. Braun Medical, Fagron, Dougherty’s Pharmacy, Fresenius Kabi, Clinigen Group PLC, Institutional Pharmacy Solutions, Lorraine’s Pharmacy, Cantrell Drug Company, PharMEDium, Premier Pharmacy Labs, McKesson Corporation, McGuff Compounding Pharmacy Services, Nephron Pharmaceuticals, Pencol Compounding Pharmacy, Pentec Health, Rx3 Compounding Pharmacy, RXQ Compounding Pharmacy, Triangle Compounding Pharmacy, Wedgewood Village Pharmacy, Wells Pharmacy Network.

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    The market research report splits the Compound Pharmacy industry into Applications, Type, and Geography. This study covers the details of industry cost structure and industry growth factor analysis. This report also sheds light on the fastest growing industry segments and various factors that are driving the growth of these segments.

    Based on geography, the global Compounding Pharmacies market has been segmented as follows:

    > North America includes the United States, Canada and Mexico

    > Europe  includes Germany, France, UK, Italy, Spain

    > South America includes Colombia, Argentina, Nigeria and Chile

    › Middle East and Africa includes Saudi Arabia, South Africa and the United Arab Emirates

    > Asia-Pacific includes Japan, China, Korea, India, Saudi Arabia and Southeast Asia

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    6. Who are the leading companies in the Compounding Pharmacies market?
    7. What are the important areas and countries involved in the growth of the market, determined by understanding the potential and progress of the market?
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    McCarthy: Schultz Absence Strictly “Business”

    0

    “Dalton deserves this position he’s in. So hopefully we can sort it out.”

    Schultz and the Cowboys have until July 15 to reach a multi-year deal or Schultz must play the 2022 season on the tag, worth just under $11 million. Schultz signed to the label in late March.

    He set career highs in catches (78), receiving yards (808) and touchdowns (8) last year and is expected to play a bigger role this season as the Cowboys move forward without the four-time receiver. of Pro Bowl Amari Cooper, who was traded to Cleveland in March.

    McCarthy said he and Schultz have yet to discuss Schultz’s intention to return for next week’s mandatory minicamp.

    “My conversation with him was that he was going to miss this week and that was to focus on his business situation,” McCarthy said.

    Schultz had been a regular participant in the offseason program up to that point.

    “I’m not worried about his commitment or what he’s done,” McCarthy said. “He’s in great shape. If he stood here, he’d tell you he’s the strongest he’s ever been. He’s put in a tremendous amount of work in the offseason. I think that’s clearly why I separate him. It’s the business. It’s the business that he tends to do, and that’s understood.”

    Schultz’s absence this week meant more reps in practice for Jeremy Sprinkle, Sean McKeon, Peyton Hendershot and Wisconsin’s fourth-round pick Jake Ferguson.

    Mirza International hits record high; the stock soared 51% in four weeks

    0


    Shares of Mirza International hit a record high of Rs 259.45, up 10% on BSE during intraday trading on Thursday, in an otherwise tight market.

    Over the past four weeks, shares of the leather and leather goods company have soared 51% after reporting a tripling of consolidated profit after tax (PAT) of Rs 30.24 crore in the March 2022 quarter ( Q4FY22). It had posted a PAT of Rs 8.89 crore in Q4FY21.

    By comparison, the S&P BSE Sensex rose less than 1% over the period. The company’s revenue in the quarter jumped 42% year on year (YoY) to Rs 445 crore from Rs 313 crore in the prior year quarter.

    For the financial year 2021-22 (FY22), the net profit of Mirza International increased almost 14 times to reach Rs 112.86 crore against Rs 8.33 crore for FY21. While operating revenue increased by 60% year-on-year to Rs 1,678 crore from Rs 1,049 crore in the prior fiscal year.

    Mirza International is engaged in the design, development, manufacture, marketing, trade, export and retail of leather footwear, sports footwear, apparel and apparel, articles and accessories. ‘leather accessories, and other related business. The company also owns and operates a leather tannery for captive consumption.

    In the meantime, the company’s board of directors, at its meeting on December 10, 2021, had approved the composite plan of arrangement for the merger of RTS Fashions Private Limited with and into Mirza international Limited, and the spin-off of the business branding/Redtape Business of Mirza International into Redtape Limited on a continuing operating basis from 1 January 2022, subject to required approvals.

    Mirza International will issue 22 shares of Rs 2 each to shareholders of RTS Fashions for every 10 shares of Rs 10 each held in the company. Redtape will issue 1 share of capital to shareholders of Mirza International for each share of capital held in the company.

    In order to streamline various activities of the Mirza Group, unlock the true value of its business, achieve management efficiency and accelerated growth, management proposed consolidating all overseas operations into Mirza International; and to separate the APE Business brand/REDT activities into a separate company.

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    Bridging the Gap: Expanding the Reach of Canada’s Anti-Money Laundering Laws | Davies Ward Phillips & Vineberg LLP

    The Canadian federal government has delivered on its promise to extend Canada’s Anti-Money Laundering (AML) regime to cover crowdfunding platforms and certain payment service providers (PSPs) that previously operated outside the scope of application of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act (RPCFAT).

    Consistent with the government’s renewed focus on strengthening Canada’s anti-money laundering regime, the government has approved regulatory amendments (amending regulations) under the PCMLTFA that largely commemorate the temporary orders issued in virtue of emergency law (Emergency Orders) earlier this year. The Amending Regulations, which came into effect on April 5, 2022, made significant changes to the regulation of fintech companies operating in the Canadian payments industry.

    Amending Regulation

    The Amending Regulations expand the scope of the PCMLTFA to specifically include crowdfunding platform services, which are defined as “the provision and maintenance of a crowdfunding platform for use by other persons or entities to raise funds or virtual currency for themselves or for specified persons or entities”. by them.” These companies, which previously operated outside of the PCMLTFA, must now meet extensive reporting and compliance obligations and are subject to regulatory oversight by the Financial Transactions and Reports Analysis Center of the Canada (FINTRAC).

    In addition, the Amending Regulations repealed the portion of the definition of “electronic funds transfer”, which had excluded certain transactions “made using a credit or debit card or prepaid payment product if the recipient has entered into an agreement with the payment service”. supplier who allows payment by this means for the supply of goods and services”. An exclusion still applies to certain financial entities and casinos, but “money services businesses” (MSBs) will now have reporting and compliance obligations regarding such credit, debit or prepaid payment card transactions.

    Retraction of previous referrals

    Although the Emergency Orders expressly imposed anti-money laundering obligations on crowdfunding platforms and entities that perform “payment functions” (i.e. PSPs), the Regulation amendment only explicitly added crowdfunding platform services as a prescribed service which, if performed, would establish such entities as MSBs subject to the PCMLTFA.

    However, on April 27, 2022, FINTRAC also withdrew its Policy Interpretation 7670, which contained the frequently cited PCMLTFA “corollary” exemption. Under this interpretation of the policy, entities involved in the remittance or transmission of funds simply as a corollary of their actual service (eg payment processing) were not considered MSBs for PCMLTFA purposes. These entities included PSPs whose business was to provide settlements directly to merchants on behalf of merchants’ customers. The removal of these guidelines means that PSPs that maintain a place of business in Canada or that offer their services to individuals or entities in Canada and that otherwise conduct ESM activities are subject to the set of requirements in anti-money laundering matters applicable to MSBs.

    Impact on crowdfunding platforms and PSPs

    As a result of these changes, crowdfunding platforms and PSPs carrying out MSB activities must now

    • register with FINTRAC;
    • develop and maintain a compliance program;
    • comply with KYC (know your customer) requirements, including verifying the identity of persons and entities for certain activities and transactions;
    • retain certain records, including records related to transactions and customer identification; and
    • report certain transactions to FINTRAC.

    The amending regulation also imposed additional and more specific obligations on crowdfunding platforms. These obligations include record-keeping requirements regarding the persons or entities to whom they provide their services and the purpose for which the funds or virtual currency are collected; and verify the identity of anyone to whom the entity provides crowdfunding services or who donates $1,000 or more using the platform.

    Uncertainty to come

    While it is clear that crowdfunding platforms and PSPs that previously relied on the interpretation of Policy 7670 are now subject to the PCMLTFA, the Amending Regulations and corresponding FINTRAC policy updates have introduces uncertainty as to the scope of the PCMLTFA in the future.

    Specifically, the PCMLTFA’s ESM sections specify its application to persons and entities “in the business” of providing certain specified ESM services.1 Policy Interpretation 7670 provided insight into FINTRAC’s view of when an entity providing services otherwise covered by the PCMLTFA was not truly “in the business” of providing services to MSBs and would not be subject to the requirements of the law. It remains to be seen whether, following the recent changes, payment facilitators and other service providers in the payment chain that are not directly involved in the processing of funds will be taken over by the wider network of MSBs. Careful analysis will now be required to determine the obligations of each of the participants in a payment chain. Although FINTRAC has indicated its intention to issue updated guidance in the near future, payment businesses currently in the interpretive gray area face the unfortunate choice of waiting for guidance – and potentially being outside of it. registration requirement – or to register now, perhaps unnecessarily.

    The question also arises as to how the new regulations will coexist with the future Retail Payment Business Act (RPAA), which has been enacted but is not currently in force as it awaits the drafting of regulations. The RPAA aims to introduce a regulatory oversight framework to govern the retail payments ecosystem in Canada (read our newsletter on the RPAA). Once in force, the RPAA will be overseen and administered by the Bank of Canada (BoC) and should impose certain obligations on PSPs (including registration with the BoC and implementation of operational risk management frameworks), some of which appear to overlap requirements under the PCMLTFA. Therefore, there is some uncertainty as to the extent to which the Amending Regulations reflect the government’s decision to transfer some responsibility for regulation of the retail payments ecosystem from the Bank of Canada to FINTRAC, and whether this transfer is made on a temporary or permanent basis. base.

    Legal counsel and payments industry participants should await further regulatory guidance for clarity on the full scope and impact of the amending regulations and how the new requirements will be harmonized with other legislation that the government federal is being developed.

    1 Under the PCMLTFA, the definition of ESM includes, among others, any entity that engages in the “business” of (i) foreign exchange transactions, (ii) remittance or transmission of funds, (iii) issue or redemption of negotiable instruments, or (iv) trade in virtual currencies.

    Highway 75 back in business but at great expense

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    Highway 75 is fully open to drivers for the first time in over a month, but the impact of its closure and local flooding is still being felt by residents of Morris.

    The province first closed a length of the highway that crosses the U.S. border and is heavily used for trucking on May 2, after an overflow from the Red River forced the closure of a ring levee in the city at approximately 60 kilometers south of Winnipeg.

    While the southern part was reopened on May 27, the northern part was blocked until Monday evening.

    The four-week closure was the first of its kind in more than a decade, said Ralph Groening, reeve of the Rural Municipality of Morris.

    “It still has a very serious impact on everyone in the region,” he told the Free press tuesday.

    “Our life has just been different over the past 1.5 to 2 months. Traveling is hard, getting anywhere has gotten harder. So we’re slowly getting back to normal.”

    Floodwater damaged shoulders and materials at some lane edges along the highway. Traffic control devices have been placed to signal hazards and the province plans to repair that damage once the flooding recedes, a spokesperson said in an email.

    While Provincial Route 246 on the east side of the Red River was upgraded to act as a detour around Highway 75, the province planned to extend the dike south of Morris, but this was not completed in time. said Mayor Scott Crick.

    “It’s just a shame that the sea wall wasn’t completed because if it had been, the disruption for us locally would have been nominal,” he said. “Unfortunately, that 200 meters of highway that was just under water was enough to prevent that trade corridor from being in effect.”

    Expansion work on the Morris Dyke is scheduled for the summer, a provincial spokesperson said.

    With both sides of the freeway closed, many people who frequent Morris businesses in the surrounding area have gone elsewhere. Over the past month, Crick said, many local business owners already suffering the fallout from losses related to the COVID-19 pandemic have seen a further drop of 50% or more in sales.

    Morris businesses have fallen through the cracks of provincial and federal support, the mayor said: Because the town is open and operational, they can’t apply for business interruption insurance, and because they are protected by the dyke and not damaged by water, they are not eligible for disaster financial assistance.

    Crick said he contacted the province twice to request that the disaster financial assistance program be expanded to include sunk costs in Morris, but received no response.

    “The infrastructure, they’re still working on it, it will get fixed eventually. But what are we going to do when it’s not fixed? And how can we help these local businesses?” said the mayor.

    “We’re not even talking millions of dollars here, we’re talking thousands of dollars so small family businesses can stay open and keep track of their expenses and keep people employed.”

    The only full-service grocery store Morris saw a 25% drop in sales for the month of May.

    “It affected us negatively. Not that it was impossible to reach us, but it becomes a long drive, so it doesn’t make sense for them to come,” Morris Bigway owner Pat Schmitke said.

    The detours bypassed many local businesses on the north side that truckers would normally frequent, such as gas stations and restaurants, Schmitke said.

    “I’ve heard positive things since the opening of Highway 75 yesterday,” he said. “You’re visible to people again, and that’s made a big difference.”

    The impact of flooded roads goes beyond the city. The RM expects flood repairs to cost $10 million; about 150 people had to flee their homes, Groening said.

    It remains a high stress situation, the prefect added, as many washed out and damaged roads prevent farmers from getting to their land, pushing back plantings already delayed by spring storms.

    “There’s a lot of anxiety right now for our farming community to put that crop in the ground next week, really, that’s their deadline,” he said.

    RM officials met on Tuesday to discuss how they can speed up road repairs, but some farmers may miss the deadlines to achieve ideal harvest results.

    “The worst-case scenario would be farmers being unable to put the crop in the ground, unable to sow before the deadline, which basically means no pay, no productivity,” Groening said. “That’s the pressure the farming community lives with.”

    [email protected]

    Malak Abas