Denmark Lending – Nordbi Tue, 26 Oct 2021 10:58:32 +0000 en-US hourly 1 Denmark Lending – Nordbi 32 32 The Treasury receives a dividend of 25 billion / – CRDB Tue, 26 Oct 2021 06:21:26 +0000

The Minister of Finance and Planning, Dr Mwigulu Nchemba, received the dividend at an event held at the CRDB headquarters in Dar es Salaam, hailing the bank for the dividend as the increase in the dividend was a result of the good performance of last year.

“The issuance of a higher dividend is a sign that the bank is doing well thanks to the strategies that have been put in place,” he said, hinting that the money would be directly injected into the aligned projects. in the 2021/22 budget and the Third National. Development plan 2021/22 to 2025/26, particularly in the health sector.

He congratulated the bank on its good performance in the first half of 2021, where profit increased by 26%, from 70.4 billion / – in 2020 to 89 billion / -, likewise welcoming the initiatives of the bank to contribute to national development. Its tax contribution was $ 181.4 billion / – last year, he said.

“I am impressed with the strategies of the CRDB Bank to help the government create jobs through internship and graduate development programs,” he said, adding that the government has adopted several strategies this year to help improve the performance of the financial sector.

This includes reducing the level of bank deposits at the central bank, establishing a loan fund for financial institutions and reducing the amounts of capital required for lending to the private sector, he said. .

Danish Ambassador Mette Norgaard Dissing-Spandet said her country was proud of its investment with the CRDB Bank through the Danish International Development Agency (DANIDA).

She praised the government for its strong cooperation with Denmark, noting that the positive financial results the bank is recording shows how seriously it has invested in innovative products and services that meet current needs.

CRDB Bank Chairman of the Board, Dr Ally Laay, said the dividend paid was part of the after-tax profit of 165.2 billion / – obtained in fiscal year 2020/21, assuring the public that the bank would continue to improve its services to meet shareholder expectations and improve services. to the general public.

“The shareholders’ conference held virtually in June approved a dividend of 22 / – per share, an increase of 37.5% from the previous dividend, bringing this year’s dividend to 58 billion / -“, he explained.

He praised the government for creating a conducive investment environment, which has helped the bank to make its operations more efficient and strengthen its contribution to economic growth.

CRDB Bank executive director Abdulmajid Nsekela assured the minister that the bank will continue to work closely with the government to improve financial services and enable more people, including those living in remote places, to access credit services, thereby promoting financial inclusion in the country.

The dividend to the government was remitted through the DANIDA fund, while the bank also distributed dividends to public institutions such as PSSSF, NSSF, ZSSF, NHIF, the Local Governments Loans Board, the Umoja Unit Trust program, the TCCIA Investment Co. Ltd, Western Zone Tobacco Growers Cooperative Union Ltd (WETCU) as well as district councils like Mbinga (Ruvuma region), Shinyanga, Mufindi (Iringa region), Chunya and Rungwe (Mbeya region).

The government is the largest shareholder in CRDB Bank with 21% of the shares through DANIDA, an aid agency of the Government of Denmark, with public institutions holding 17% of its shares, he added.

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Prepare to Go Green | Financial Time Sun, 24 Oct 2021 17:15:06 +0000

This article is an on-site version of our The Week Ahead newsletter. Sign up here to receive the newsletter directly to your inbox every Sunday

Hello and welcome to the working week.

The environment will take center stage in global news this week as the opening of the United Nations Climate Change Conference approaches in Glasgow.

What we know about COP26 is that there will be a lot of discussions, a lot of uncollected waste and that the cost of the stay in Glasgow will be much higher.

What it’s not clear is who will show up – US President Joe Biden and Australian Prime Minister Scott Morrison are in attendance, but Russian Vladimir Putin is not and the Chinese President is unlikely. Xi Jinping shows up. If unity is strength, expect a few problematic days of trying to negotiate major breakthroughs. As you might expect, you can get a full rundown of what’s really going on by clicking here for the FT’s coverage.

British Prime Minister Boris Johnson hopes all roads lead to Britain, although foreign dignitaries should be careful not to take a route through London.

Johnson’s successor as mayor of the British capital, Sadiq Khan, will do his part for air quality on Monday when the area covered by the very low emission zone, in which motorists are charged for driving vehicles gasoline engine, will be multiplied by 18. It may be time to invest in an electric car.


The earnings season will be in full swing over the next seven days with 200 S&P 500 companies reporting results in the United States and many more doing the same in Europe. Big Tech will be very present: Amazon, Apple, Microsoft, Google’s parent Alphabet, Spotify, Twitter and Facebook are all reporting.

Apple will be discussed a lot, not just because of its earnings call on Thursday. The changes it made to its iOS operating system – making it harder to track users – are having a significant impact on other tech stocks.

For a taste of things to come, take a look at the Snap Thursday results announcement just passed. Outside of trading hours, the stock price fell 24%, fueled by concerns about the impact of Apple’s privacy changes on the advertising revenues of rivals in the tech industry.

Something similar could happen when Facebook reports on Monday – the company’s shares also fell as much as 7% after Snap’s earnings report.

Facebook shareholders have other concerns, including the struggle to attract younger users. Watch for signs of the impact of its major service outage, whistleblower says group has covered up research on its products being bad for users’ mental health and a € 225 million WhatsApp fine for improper use customer data has had on the platform. use and income.

For Apple itself, investors will want to know what impact the chip shortage is having on a premium brand with a new line of digital goodies for sale. Our man in San Francisco, Patrick McGee, is calm on this issue. “Any supplier would be crazy not to prioritize Apple,” he told me. We should also get the first indications of demand for the new iPhone 13 product line.

Economic data

Expect further developments in the battle to contain inflation this week as the European Central Bank and its counterparts in Japan, Canada and Brazil meet to discuss monetary policy.

Are you worried about the state of post-containment rebounds? More clarity will be provided this week with anticipated third quarter GDP readings for the United States, Eurozone, France, Germany, Italy, Spain, Mexico and the United States. South Korea. You can also read the FT’s Road to Recovery newsletter three times a week – sign up to receive it in your inbox by clicking here.

In the UK, the headline will be Chancellor Rishi Sunak’s lunchtime Budget Day speech on Wednesday. The FT will provide full coverage. We await the release of the government’s Integrated Rail Plan, outlining how large projects such as High Speed ​​2, Northern Powerhouse Rail and the Midlands Engine will be phased and connected. The flow of advance announcements has already started, in part to ease the pain of forgoing past commitments – such as R&D spending – to meet Sunak’s budget targets.

Main economic and corporate reports

Here’s a more comprehensive list of what to expect in terms of corporate reports and economic data this week.

On Monday

  • Mexico, economic activity data

  • Petropavlovsk production report

  • Results, Facebook T3, HSBC T3, Michelin T3, POSCO T3


  • Brazil, IBGE inflation figures

  • Quarterly survey of euro area bank loans from the EU and the European Central Bank

  • United Kingdom, Office for National Statistics, annual data on employee income

  • United States, monthly consumer confidence figures

  • Results: 3M T3, Alphabet T3, Advanced micro-systems T3, Cannon T3, Corning T3, Eli lilly T3, General Electric T3, Hasbro T3, Heathrow Airport T3, Hyundai Engines T3, JetBlue Airways T3, Lockheed Martin T3, Microsoft Q1, Novartis T3, Orange T3, Raytheon T3, Reckitt Benckiser T3, Royal KPN T3, Texas instruments T3, Thales Group T3, Twitter T3, UBS T3, UPS T3, Pentecost bread H1, Visa EF


  • Brazil, Canada, Japan: Monetary Policy Committee meetings

  • Fresnillo T3 production report

  • France, consumer confidence and inflation data

  • Germany, monthly GfK consumer confidence survey

  • Heineken Q3 Trading Update

  • In the UK, Chancellor Rishi Sunak unveils his annual budget speech and spending review. The UK’s Office for Budget Responsibility will also publish its economic and fiscal outlook and the Bank of England will provide statistics on capital issuance

  • Results: Banco Santander T3, BASF T3, Bristol Myers Squibb T3, Campari T3, Coca Cola T3, Chubb T3, German Bank T3, eBay T3, Electrolux T3, Ford Motor Company T3, General Motors T3, GlaxoSmithKline T3, Harley davidson T3, Kraft Heinz T3, Mcdonalds T3, Mediobanca Q1, Main Financial Group T3, Sodexo FY, Spotify T3


  • Evraz Q3 Business Update

  • Monetary policy meeting of the EU and the European Central Bank, as well as Eurostat’s monthly economic and business climate indicator

  • Germany, monthly labor market figures

  • Italy, producer price index

  • Japan, Bank of Japan Outlook Report for Economic Activity and Prices, as well as Monthly Retail Sales Figures

  • Lloyds Banking Group 3rd quarter management statement

  • Travis Perkins Q3 Trading Update

  • United Kingdom, quarterly data on companies registered at Companies House

  • United States, first jobless claims, real consumer spending and third quarter GDP figures

  • WPP Q3 Business Update

  • Results: Anheuser-Busch InBev T3, Airbus Group T3, Amazon T3, Apple FY, Bomber T3, Carlsberg T3, caterpillar T3, Comcast T3, Dassault Systèmes T3, Rail T3, Hershey T3, Nokia T3, Northrop Grumman T3, Norwegian Air T3, Panasonic T2, Royal Dutch Shell T3, Saint Gobain T3, Samsung T3, Sony T2, Skandia T3, Starbucks FY, STMicroelectronics T3, Swisscom T3, UniCredit T3, Volkswagen T3, Miam brands T3


  • Canada, monthly GDP figures

  • EU, flash estimate of euro zone inflation

  • France, Italy: preliminary figures for Q3 GDP and consumer price index

  • Germany, Q3 GDP

  • Japan, preliminary industrial production figures

  • United Kingdom, Bank of England effective interest rate, monthly money and credit figures and national accounts from the Office for National Statistics UK (The Blue Book)

  • United States, personal expenditure data

  • Results: Air France-KLM T3, Aon T3, BBVA T3, BNP Paribas T3, Chevron T3, Colgate-Palmolive T3, Daimler T3, Danske Bank T3, Eni T3, ExxonMobil T3, NatWest T3, Nomura Holdings T2, OMV T3, Securitas T3, Swiss Re T3, Photocopy T3

Global events

Finally, here’s a look at other events and milestones this week.

On Monday

  • UK, the Ultra Low Emission Zone, designed to improve air quality by charging motorists for older, more polluting vehicles to travel through central London, will be expanded to 18 times its current size

  • In UK, Frances Haugen, former product manager of Facebook’s civic disinformation team, testifies before parliamentary committee


  • Brunei, summit of the 10 members of the Association of Southeast Asian Nations

  • Japan, Princess Mako, niece of the Emperor of Japan, marries her non-royal fiance, Kei Komuro

  • Luxembourg and EU energy ministers meet to discuss rising energy prices

  • Major League Baseball World Series begins in the United States



  • Italy, the 14th Eurasian Economic Forum takes place in Verona

  • UK and new British polar ship RRS Sir David Attenborough on visit to London


  • Denmark, 73rd annual Nordic Council kicks off in Copenhagen with program including climate concerns, sustainability and youth participation

  • Italy and US President Joe Biden to meet Pope Francis in Vatican


  • United Kingdom, National Trust Annual General Meeting

  • Italy, start of G20 leaders’ summit in Rome


  • Japan, general elections

  • United Kingdom, United Nations Climate Change Conference (COP26) opens in Glasgow

  • US, SpaceX Crew Dragon third spacecraft and Falcon 9 rocket set to take off

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73% of UK businesses have experienced phishing in 12 months Fri, 22 Oct 2021 10:00:19 +0000

Merchants around the world are expected to lose more than $ 20 billion to fraud in 2021 alone, a staggering amount indicating the growing threat digital fraud poses to businesses and individuals.

In the UK, phishing programs are gaining ground, with 73% of businesses in the region experiencing data breaches due to phishing in the past year. The scammers’ modus operandi was to trick employees into losing login credentials that they then used to breach company systems.

Read more: No phishing: layered defense is the best way to keep scammers empty-handed

However, phishers weren’t to blame for all of this, as the study found that 74% of companies say their employees violated data security rules and facilitated the company’s data leak.

This data was presented in a recent PYMNTS study, conducted in collaboration with PayPal, on how organizations can detect and prevent phishing attacks through employee training, regular phishing drills, and siled system access.

But even as phishing becomes a dangerous threat, other fraud techniques are rife in the UK, where nearly £ 97million ($ 132million) has been lost to fraudsters posing as fraudsters. police officers. And outside of the UK, other European countries like Denmark, France, Ireland and Luxembourg have also reported high rates of fraudulent attacks.

To stem the tide, Chuck Brooks, assistant professor of cybersecurity risk management at Georgetown University, told PYMNTS that companies can make phishing harder by limiting employee access or requiring two-way authentication. steps to access certain sites. “Many companies are also going to ban certain sites that workers cannot visit,” he said.

Companies are also deploying various defenses to stop fraudsters. A survey cited in the PYMNTS report found that a third of financial institutions (FIs) have stepped up their artificial intelligence (AI) and machine learning (ML) programs, for example, as increased digitization during the pandemic has allowed bad actors to engage in illicit activities.

Almost 60% of these FIs said they have added AI and ML to their anti-money laundering (AML) programs or plan to do so within the next 12-18 months.

Consumers Beware

Whether against businesses or consumers, fraudsters will use all means to achieve their goal.

This month, data from Action Fraud, the UK’s reporting center for fraud and cybercrime, showed that consumers continue to fall victim to a different kind of digital fraud, this time involving consumers. cryptocurrencies.

This has resulted in more than 146 million pounds sterling ($ 201.2 million) in virtual currency-related losses since the start of this year, which is a staggering 30% increase from the amount lost over the course of the year. set of 2020.

According to Temporary Detective Chief Inspector Craig Mullish of the City of London Police, there has been a significant increase in reports of cryptocurrency fraud in recent years as people spend more time online. “Being more online means criminals have a greater opportunity to approach unsuspecting victims with fraudulent investment opportunities,” Mullish said.

And while individuals should take charge of their own online protection and do the necessary research before making an investment, the UK government is counting on the Joint Fraud Taskforce to help tackle broader fraud in the country.

“[The] Government alone cannot solve this problem, which is why the Joint Fraud Taskforce will bring together key business leaders to work in partnership to protect the public and fight this cowardly crime, ”said UK Home Secretary , Priti Patel, in a UK’s Evening report. Standard.

Read more: UK banking protocol helps end $ 44million scam attempts in first half of 21

Created in 2016, the task force is relaunched under the leadership of Security Minister Damien Hinds and will meet for the first time on Thursday, October 21, according to the report. The agency includes members of the public and private sectors, law enforcement and victim groups.



On: Forty-seven percent of U.S. consumers avoid digital-only banks due to data security concerns, despite considerable interest in these services. In Digital Banking: The Brewing Battle For Where We Will Bank, PYMNTS surveyed over 2,200 consumers to reveal how digital-only banks can boost privacy and security while providing convenient services to meet this unmet demand.

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SWEF: Quarterly update of the portfolio -3- Fri, 22 Oct 2021 09:17:23 +0000

On the hotel transaction side, we mentioned in previous files that we expected many hotel transactions to materialize later in the year. Since that time last year, Starwood Equity in Europe has acquired or committed to four new hotel purchases in the UK, Spain and Denmark, including two in the third quarter of 2021. In the US In early summer, funds managed by Starwood and Blackstone finalized the acquisition of Extended Stay America in a transaction valued at approximately $ 6 billion. We previously reported that markets tended to open up with smaller single asset trades first, and then migrate to larger trades and portfolios as markets settle. We are now seeing this trend in the market with larger trading portfolios increasing the overall trading volume. One example this month in the UK is Henderson Park has acquired a portfolio of twelve Hilton hotels with more than 2,400 rooms in a transaction valued at an estimated £ 555 million. We are aware of a number of similar sized transactions in the market which will likely close in late 2021 or early 2022. The investment market is very healthy and liquid for hotel assets across Europe.

Looking forward to the fourth quarter and beyond, we expect a high level of transactional activity to continue. The strength and potential of “beds, medications and remittances” have been strong themes and we continue to see attractive value-added lending opportunities in these and other sectors for the Company.

Expected credit losses

All loans in the portfolio are classified and measured at amortized cost less impairment. The Group closely monitors the loans in the portfolio to detect a deterioration in credit risk. There are certain loans for which the credit risk has increased since initial recognition. However, we have considered a number of scenarios and currently do not anticipate a loss given default. Therefore, no credit loss has been recognized.

This assessment was made, despite continued pressure in the hospitality and retail markets from Covid-19, based on the information in our possession as of the date of the report, our risk assessment of each loan and certain estimates and judgments regarding the future performance of the assets. The position on possible ECL on Spanish retail assets in particular continues to be closely monitored and analyzed, and we have sought input, analysis and comments from Spanish market advisers in this regard, in order to supplement our own information. We have received independent external assessments of the underlying assets secured by the Spanish loans during the current year. This information has not changed our analysis of Spanish bonds and we note that a valuation margin remains on these borrowings. The updated valuations are reflected in the sector and portfolio LTV tables presented in this sheet.

Investment portfolio as of September 30, 2021

As of September 30, 2021, the Group had 18 investments and commitments of £ 419.1 million broken down as follows:

                             Sterling equivalent       Sterling equivalent unfunded        Sterling Total (Drawn and 
                             balance (1)               commitment (1)                      Unfunded) 
Hospitals, UK                GBP25.0 m                                                       GBP25.0 m 
Hotel & Residential, UK      GBP49.9 m                                                       GBP49.9 m 
Office, Scotland             GBP5.0 m                                                        GBP5.0 m 
Office, London               GBP13.7 m                   GBP6.8 m                              GBP20.5 m 
Hotel, Oxford                GBP20.1 m                   GBP2.9 m                              GBP23.0 m 
Hotel, Scotland              GBP41.4 m                   GBP1.2 m                              GBP42.6 m 
Hotel, Berwick               GBP14.1 m                   GBP0.9 m                              GBP15.0 m 
Life Science, UK             GBP19.5 m                   GBP7.1 m                              GBP26.6 m 
Hotel and Office, Northern   GBP13.5 m                                                       GBP13.5 m 
Logistics Portfolio, UK (2)  GBP0.6 m                                                        GBP0.6 m 
Total Sterling Loans         GBP202.8 m                  GBP18.9 m                             GBP221.7 m 
Three Shopping Centres,      GBP31.0 m                                                       GBP31.0 m 
Shopping Centre , Spain      GBP14.7 m                                                       GBP14.7 m 
Hotel, Dublin                GBP51.8 m                                                       GBP51.8 m 
Office, Madrid, Spain        GBP16.0 m                   GBP0.9 m                              GBP16.9 m 
Mixed Portfolio, Europe      GBP24.1 m                                                       GBP24.1 m 
Mixed Use, Dublin            GBP4.6 m                    GBP8.2 m                              GBP12.8 m 
Office Portfolio, Spain      GBP13.4 m                   GBP0.2 m                              GBP13.6 m 
Office Portfolio, Ireland    GBP27.4 m                                                       GBP27.4 m 
Logistics Portfolio, Germany GBP5.1 m                                                        GBP5.1 m 
Total Euro Loans             GBP188.1 m                  GBP9.3 m                              GBP197.4 m 
Total Portfolio              GBP390.9 m                  GBP28.2 m                             GBP419.1 m 1. Euro balances translated to sterling at period end exchange rate. 2. Logistics Portfolio, UK and Logistics Portfolio, Germany is one single loan agreement with sterling andEuro tranches. 

Ready to value

Based on the previously disclosed valuation methodology and processes (see information sheet of June 30, 2020) and including new valuations received, as of September 30, 2021, the Group has an average last GBP LTV of 64.2 for percent (June 30, 2021: 63.5 percent).

The table below shows the sensitivity of the debt-to-value calculation to variations in the underlying real estate valuation and shows that the Group has considerable leeway within the latest LTVs currently published.

Change in Valuation  Hospitality Retail Residential Other Total 
-25%                 84.2%       100.5% 79.5%       79.3% 84.1% 
-20%                 78.9%       94.2%  74.6%       78.3% 80.2% 
-15%                 74.3%       88.6%  70.2%       73.7% 75.5% 
-10%                 70.1%       83.7%  66.3%       69.6% 71.3% 
-5%                  66.4%       79.3%  62.8%       65.9% 67.6% 
0%                   63.1%       75.3%  59.7%       62.6% 64.2% 
5%                   60.1%       71.8%  56.8%       59.7% 61.1% 
10%                  57.4%       68.5%  54.2%       57.0% 58.3% 
15%                  54.9%       65.5%  51.9%       54.5% 55.8% 

Share price performance

In the third quarter of 2021, the Company’s shares performed well, returning 5.8% on a total return basis, with the share price trading between 92.8 pence and 99.4 pence. pence and closing the quarter at 98.0 pence. As of September 30, 2021, the discount to NAV was 5.4% percent, with an average discount to NAV of 7.0% percent for the quarter, a significant improvement over the discount to NAV of 12.1% per cent on average during the previous quarter. The Board of Directors, Investment Manager and Adviser continue to believe that equities represent attractive value at this level.

Note: The September 30, 2021 discount to the NAV is based on the current September 30 NAV as shown in this fact sheet. All average net asset value discounts are calculated as the last cumulative net asset value available in the market on any given day, adjusted for any dividend payment from the ex-dividend date.

For more information, please contact:

Apex Fund and Corporate Services (Guernsey) Limited as Company Secretary

                                  +44 (0) 203 5303 661 
Magdala Mullegadoo 
Starwood Capital 
Duncan MacPherson                +44 (0) 20 7016 3655 
Jefferies International Limited 
Stuart Klein 
Neil Winward 
                                 +44 (0) 20 7029 8000 
Gaudi Le Roux 

Buchanan +44 (0) 20 7466 5000

Hélène Tarbet +44 (0) 07788 528143

Henri wilson

Hannah ratcliff


Starwood European Real Estate Finance Limited is an investment company listed on the premium segment of the main market of the London Stock Exchange with an investment objective of providing Shareholders with regular dividends and an attractive total return while limiting downside risk. , through the origination, execution, acquisition and service of a diversified portfolio of real estate debt investments in the United Kingdom and in the internal market of the European Union at large.

The Company is the largest publicly traded vehicle in London offering investors outright exposure to mortgage loans.

The Group’s assets are managed by Starwood European Finance Partners Limited, an indirect wholly-owned subsidiary of Starwood Capital Group.

————————————————– ————————————————– ——————-

ISIN:          GG00B79WC100 
Category Code: MSCM 
TIDM:          SWEF 
LEI Code:      5493004YMVUQ9Z7JGZ50 
Sequence No.:  124950 
EQS News ID:   1242678 
End of Announcement  EQS News Service 

Image link:

(END) Dow Jones Newswires

October 22, 2021 05:16 ET (09:16 GMT)

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Global Paint, Varnish, Printing Ink, and Sealant Market Outlook to 2026: Historical and Forecast Data Mon, 18 Oct 2021 12:55:00 +0000

DUBLIN, October 18, 2021– (BUSINESS WIRE) – “Global Paint, Varnish, Printing Ink and Sealant Market Outlook (2018-2026)” report has been added to offer.

The research includes historical data from 2018 to 2020 and forecasts to 2026, making the reports an invaluable resource for industry executives, marketing, sales and product managers, consultants, analysts. and others looking for key industry data in an easily accessible document with clearly presented tables and charts.

Reports help answer the following questions:

  • What is the current size of the market in the world and in each country?

  • How is the industry divided into different product segments?

  • How are the overall market and the different product segments and countries developing?

  • How is the market expected to develop in the future?

The latest industry data included in the reports:

  • Global market size in the world and in individual countries, 2018-2026

  • Market Size by Product Segment, 2018-2026

  • Growth rate of the global market and different product segments, 2018-2026

  • Shares of the different product segments of the global market

Market data is provided for the following product segments:

  • Paints and varnishes (non-aqueous)

  • Paints and varnishes (aqueous)

  • Prepared dryers

  • Ink to print

  • Other paints, coatings, printing inks and sealants

Some of the top reasons to buy include the following:

  • Get a perspective of the historical development, current market situation and future prospects of the industry up to 2026

  • Follow industry developments and identify market opportunities

  • Plan and develop marketing, market entry, market expansion and other business strategies by identifying key market opportunities and prospects

Save time and money with easily accessible key market data included in these industry reports in PDF format. The data is presented clearly and can be easily integrated into internal presentations and reports.

The report set offers the most recent industry data on the actual market situation and future prospects for the Paint, Varnish, Printing Ink and Sealant market around the world and across the globe. following countries:

  • Algeria, Angola, Armenia, Austria, Azerbaijan, Belgium, Bosnia and Herzegovina, Bulgaria, Cabo Verde, Canada, China, Colombia, Costa Rica, Croatia, Cyprus, Czech Republic, Denmark, Ecuador, Egypt, Estonia, Finland, France, Georgia , Germany, Greece, Hungary, Iceland, India, Iran, Iraq, Italy, Jordan, Kazakhstan, Kyrgyzstan, Laos, Latvia, Lithuania, Malaysia, Mexico, Netherlands, New Zealand, Norway, Oman, Panama, Philippines, Poland , Portugal, South Korea, Moldova, Romania, Rwanda, Saudi Arabia, Singapore, Slovakia, Slovenia, Spain, Sri Lanka, Sweden, Thailand, Turkey, Ukraine, United Kingdom, Tanzania, United States, Uzbekistan, Zimbabwe

Main topics covered:

This set of reports contains a global report and national reports for each country. All reports have the same structure. Below is a table of contents for a country report.

1. Global market for paint, varnish, printing ink and putty

  • Marlet

  • Market by type

  • Paints and varnishes (non-aqueous)

  • Paints and varnishes (aqueous)

  • Prepared dryers

  • Ink to print

  • Other paints, coatings, printing inks and sealants

2. Definition

3. Methodology and sources

4. About the publisher

For more information on this report, visit

View the source version on

Laura Wood, Senior Press Director
For EST office hours, call 1-917-300-0470
For USA / CAN call toll free 1-800-526-8630
For GMT office hours, call + 353-1-416-8900

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October 15 updates: UK MP dies after stabbing, FDA advisers approve J&J Covid booster injections, declining confidence in Biden’s policies weighs on US consumer sentiment Fri, 15 Oct 2021 20:30:37 +0000

Covid-19 testing operations at a private laboratory in central England have been suspended after thousands of people received negative PCR test results that did not match a rapid antigen test.

The lab’s testing operations came to the attention of the NHS Test and Trace unit after reports were raised that up to 43,000 people tested negative for the coronavirus from PCR tests, despite a positive test with a lateral flow test.

“We are working with NHS Test and Trace and the company to determine the technical laboratory issues that have led to inaccurate PCR results being delivered to people,” said Will Welfare, director of public health incidents at the UK Health Security Agency. “We immediately suspended testing in this lab while we continue the investigation.”

Negative test results released by the laboratory, based in Wolverhampton just outside Birmingham, between September 8 and October 12 were investigated, the UKHSA said. NHS Test and Trace said it was contacting those affected, mainly in the south-west of England, and asking them to take another test.

Immensa Health Clinic Ltd, the company behind the lab, was officially incorporated in May of last year, according to Companies House records. Immensa laboratories have processed over 2.5 million test samples for NHS Test and Trace.

The company has since received nearly £ 170million worth of NHS Test and Trace contracts. The most recent government contract, worth more than £ 50million, was concluded in July this year, according to data compiled by the government procurement database, Contracts Finder.

Andrea Riposati, managing director of Immensa, also heads Dante Labs, a private provider of Covid-19 travel tests that is under investigation by the UK antitrust watchdog.

The French Competition and Markets Authority said last month it was investigating Dante Labs over concerns that it was breaking the law by treating customers unfairly.

Riposati said in a statement that he was collaborating with the UKHSA’s investigation.

“Quality is paramount for us,” he said. “We don’t want this case or anything else to tarnish the incredible work the UK is doing in this pandemic.”

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The United States returns to the Human Rights Council after the Trump era Thu, 14 Oct 2021 19:03:00 +0000
The United Nations General Assembly on Thursday elected the United States to the Geneva-based Human Rights Council (UNHRC), more than three years after the Trump administration resigned from the 47-member body due to of his chronic prejudices against Israel and a lack of reform.
The United States, unopposed, won 168 votes by secret ballot of the 193 members of the General Assembly. He begins a three-year term on January 1, pitting Washington against Beijing and Moscow, which began their terms this year. US President Joe Biden took office in January, promising that human rights would be at the center of his foreign policy, and his administration has not shied away from criticizing China over Hong Kong, Xinjiang and China. Taiwan, while calling on Russia.

“The United States should not lend legitimacy to an organization that includes perpetrators of human rights violations like China, Venezuela and Cuba,” said Sen. Jim Risch (R-Idaho), a leading member of the Senate Foreign Relations Committee. “In addition, the council continues to disproportionately spend the majority of its time and attention persecuting our ally Israel. The Biden administration will be happy to have joined this flawed body. However, he will have done so without securing the necessary reforms, while failing to support human rights around the world. “

US Ambassador to the United Nations Linda Thomas-Greenfield said Washington would initially focus on “what we can accomplish in situations of great need, such as Afghanistan, Burma, China, Ethiopia, Syria and Yemen. Our objectives are clear: to support human rights defenders and denounce human rights violations and abuses.

Israel is set to lose three main supporters in January – Austria, the Czech Republic and Denmark – but it wins Lithuania and the United States.

The European headquarters of the United Nations is pictured in Geneva, Switzerland on September 2, 2021 (Credit: REUTERS / DENIS BALIBOUSE)

Israel is the only country permanently on the UNHRC’s agenda, and the only country to be targeted by a standing commission of inquiry into alleged war crimes, established earlier this year.
Hillel Neuer, director of UN Watch, said that after Thursday’s election, only 31.9% of UNHRC members are free democracies.

“The elections were designed to eliminate the worst human rights abusers in the world,” Neuer said. “But oppressive regimes like China, Cuba, Libya, Russia and Eritrea consistently win elections and the seal of international legitimacy.”

Candidates for the Human Rights Council are elected in geographic groups to ensure equal representation. There were no competitive races Thursday to elect 13 new members and re-elect five members. Members cannot serve more than two consecutive terms.

The General Assembly also elected Kazakhstan, Gambia, Benin, Qatar, United Arab Emirates, Malaysia, Paraguay, Honduras, Luxembourg, Finland, Montenegro and Lithuania, while re-electing on Thursday the Cameroon, Eritrea, Somalia, India and Argentina. The United States received the second lowest number of votes, edging only Eritrea, which received 144 votes.

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European stocks close higher on earnings optimism Thu, 14 Oct 2021 17:19:51 +0000

(RTTNews) – European stocks closed higher on Thursday, extending gains from the previous session with optimism about strong earnings outweighing concerns about inflation and weakening Federal Reserve policy .

The minutes of the last Federal Reserve policy meeting confirmed that the central bank could begin a gradual reduction in its asset purchases as early as November.

Firm oil and copper prices pushed up energy and materials stocks.

The pan-European Stoxx 600 climbed 1.2%. The UK FTSE 100 gained 0.92%, the German DAX jumped 1.4% and the French CAC 40 jumped 1.33%, while the Swiss SMI gained 0.66%.

Among other European markets, Austria, Belgium, Finland, Greece, Iceland, Ireland, the Netherlands, Norway, Poland, Portugal, Russia, Spain and Sweden closed with net to moderate gains.

The Czech Republic, Denmark and Turkey finished weak.

In the UK market, BHP Group, Rio Tinto, Anglo American Plc, Glencore, IAG, Intermediate Capital Group and Antofagasta gained 3-4%.

Burberry Group, Whitbread, Polymetal International, Next, Ashtead Group, Segro, Smith (DS), Johnson Matthey, Halma, Smith & Nephew, Experian, Scottish Mortgage and Pershing Square Holdings also rebounded strongly.

Tesco and Admiral Group both ended down around 1.25%.

On the French market, ArcelorMittal, Kering, Schneider Electric, Cap Gemini, Teleperformance, Legrand, Saint Gobain, LOreal and LVMH gained 2 to 3%.

Publicis Group stock rose more than 2.5% after the company raised its outlook for 2021 after posting organic growth of 11.2% for the third quarter, with double-digit growth in all regions.

In Germany, Siemens gained more than 3%. SAP, Infineon Technologies, Hello Fresh, Linde, Fresenius and Daimler climbed from 2% to 2.8%. Zalando, Adidas, Vonovia, Bayer, Puma, Volkswagen and Siemens Healthineers also posted strong gains.

Sartorius shared a drop of more than 3%. Covestro, RWE and E.ON closed moderately lower.

Semiconductor company ASML rose nearly 4% and BE Semiconductor rose 3.7% after Taiwanese chip giant TSMC’s quarterly profits beat expectations.

Dutch digital navigation and mapping company TomTom climbed more than 4%, reversing initial losses after reporting supply chain issues.

In economic news, the main German economic institutes have improved their economic growth projections for 2022, but lowered their projections for the current year by citing bottlenecks in the manufacturing sector.

According to the economic forecast for autumn 2021, jointly prepared by Ifo in Munich, RWI in Essen, DIW in Berlin, IfW in Kiel and IWH in Halle, gross domestic product will increase by 2.4 % this year instead of 3.7% estimated in April. .

The projection for 2022 has been revised to 4.8% from 3.9%. For 2023, growth is 1.9%.

UK household demand for secured loans is expected to decline further in the fourth quarter, the Bank of England’s credit survey showed Thursday.

Lenders said demand for secured home purchase loans declined in the third quarter and is expected to decline further in the fourth quarter.

Data from the Federal Statistical Office showed that Switzerland’s producer and import prices rose in September, increasing 4.5% year-on-year. The producer price index rose 2.9% per year in September and import prices accelerated 8.1%.

On a monthly basis, producer and import prices increased 0.2% in September.

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

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The Sami ask the Danish queen to make the drum sacred in the witchcraft trial | Norway Wed, 13 Oct 2021 09:02:00 +0000

The Sami of Norway demand that a sacred drum confiscated by Denmark after a witchcraft trial in 1691 be returned to them definitively, and they have asked the Danish Queen for help.

The drum belonged to a Sami shaman, Anders Poulsson, who was arrested and jailed, court records show. It was confiscated and became part of the Danish Royal Family’s art collection before being transferred to the National Museum of Denmark in 1849.

Since 1979, the drum has been loaned by the Danes to the Sami Museum in Karasjok, Norway. The loan agreement expires on December 1 and the Drum is expected to return to Denmark. But the Sami people want it back.

The Sami Museum in Karasjok sent a request to the Danish National Museum earlier this year to officially take back ownership of the drum, and Sami parliament speaker Aili Keskitalo issued a statement to the Norwegian and Danish press demanding the return of the drum.

Keskitalo said: “This is a ceremonial and sacred object of great cultural value – used to predict the future and make contact with the spirit world by Sami shamans throughout history.

Only a few drums of this type still exist, most of which are in European hands, including one held by the British Museum.

“It’s a big deal for us,” Keskitalo said. “That such important objects be stored in museum cellars where the Sami cannot see or study them.

Danish National Museum research manager Christian Sune Pedersen told Norwegian newspaper Verdens Gang that his team was studying the request.

He added that repatriation cases took longer than loan cases as they had to be decided by the Danish Minister of Culture. Neither the Danish National Museum nor the Ministry of Culture were available for comment.

Keskitalo said: “We have been asking for years – this is unacceptable.”

Because the drum was part of the Royal Danish Collection before it was part of the National Museum, Keskitalo hopes that the Queen of Denmark “can act as the conscience of the Danish people and of the Danish state”.

“I hope if she says ownership needs to be transferred, she will,” Keskitalo said.

Queen Margrethe has yet to respond.

The Sami parliament also highlights the UN declaration on the rights of indigenous peoples, adopted by Denmark and Norway, which gives it the right to own the historic artefact.

“Thanks to this drum, we will be able to explain so much about the history of the Sami. It tells a story about emancipation and the struggle of the Sami to appropriate our culture, ”Keskitalo added. “The drum is the key to explaining our heritage. “

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White House maintains calls for OPEC + to do more on oil prices: Reuters Mon, 11 Oct 2021 16:54:40 +0000

The EU launched its very first green bond on Tuesday in record demand, according to a senior manager, taking its first step to potentially becoming the largest issuer of environmentally friendly debt with a record-sized deal.

The 15-year green bond, which will raise € 12 billion ($ 13.9 billion), has received more than € 135 billion in demand, a senior manager told Reuters, making it the most big green bond launch and highest level of demand for a green bond. sale to date.

The bond, which will fund member states’ environmentally beneficial projects under the bloc’s COVID-19 stimulus fund, is the first step for the EU – which aims to be carbon neutral by 2050 – to become a leading force in the rapidly growing green debt market.

Green bonds will fund 30% of the EU’s COVID-19 stimulus package up to € 800 billion, which provides grants and loans to member states until the end of 2026.

Up to € 250 billion in issues could make the EU the world’s largest green bond issuer.

This is the scale of issuance that BofA Securities analysts expect the EU to issue € 35-45 billion of green bonds each year, equivalent to what all sovereign and supranational borrowers Europeans issued in 2020.

Bram Bos, senior portfolio manager for green bonds at NN Investment Partners, said the scale of EU issuance would significantly increase the liquidity of the green bond market.

“I think the possibility and the obstacles to start ‘greening’ your government portfolios are getting easier and easier with this kind of EU issuance, which in terms of size is huge,” Bos added.

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