Nordbi http://www.nordbi.org/ Sun, 28 Nov 2021 00:27:20 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 http://www.nordbi.org/wp-content/uploads/2021/04/nordbi-icon-150x150.png Nordbi http://www.nordbi.org/ 32 32 We must take back our lives from the permanent panics of Covid http://www.nordbi.org/we-must-take-back-our-lives-from-the-permanent-panics-of-covid/ Fri, 26 Nov 2021 19:35:00 +0000 http://www.nordbi.org/we-must-take-back-our-lives-from-the-permanent-panics-of-covid/

So we’re back here. We are heading towards Christmas. Families plan to get together. The worst seems to be behind us.

Then a new Covid variant appears. The government’s rhetoric is changing. The variant is “extremely worrying”, say the ministers, and “we must act with caution”. There is an immediate travel ban, once again disrupting the lives of thousands of families with no obvious purpose. Labor is ardently demanding the “wearing of a mask in public places”. Seasoned scientists are starting to tell people to prepare to go back, far from normal.

But there is a difference this time: we are not sitting ducks. This country has just set up an unprecedented mass vaccination program. The vast majority of people have some sort of immunity, and most vulnerable people have recently received a booster.

Yet somehow we’re still in “do something!” ” fashion. At the first sign of trouble, calls for blockages, restrictions and vaccine passports rise to a stir. Journalists fill press conferences with endless rounds of questions about why we are not doing more. The question of when exactly we expect to return to a normal level of risk appetite has not been asked, let alone answered.

The forever confined crowd has points on its side, as it always does. We don’t know much about the latest variant. He has many more mutations than the previous ones, they say, and could be even more transmissible. We don’t know if it’s more deadly or milder. We don’t know whether it will escape our vaccines more easily or not. It could all be a disaster, the end of the world, the wave to end all the waves. Or not.

There are some things we do know, however. We know that the new variants are now a permanent reality. We know they will find their way here with or without these unnecessary “travel bans”. We know that the rapidly spreading variants will soon become, like others before them, endemic. We know that we have seven vaccines and that we are counting in our arsenal.

We also have strong evidence that this country is now very resistant to Covid. More than 80% of Britons over the age of 12 have received two doses of the vaccine, 28% have received three and up to 14% are said to have contracted the virus since July.

The recent wave, which was really more of a ripple, failed to increase death or hospitalization rates to anything like the levels seen at last January’s peak. Then it started to subside, even before the booster program reached all vulnerable people. Professor Lockdown himself, Neil Ferguson, thinks we could be “almost on collective immunity”.

Meanwhile, we have limited evidence that measures other than vaccines actually work very well. Scotland still requires the mask to be worn widely, but its case rate has risen higher than England’s this fall. October cases peaked more than a week before school semesters, suggesting school vacations were not the reason for the ebb.

Total closures, of the kind seen in March of last year, seem to be working, but they are also destroying society. And the debate over Sweden is roaring: the country that has never closed its doors and has experienced death rates far higher than its northern neighbors, but far lower than ours.

Yet even before Thursday’s news on the latest variant, bureaucrats, lazy and risk-averse men were threatening everyone with their procedures and precautions. While most of life has managed to return to some semblance of normalcy, state-run institutions are struggling to break out of the Covid bubble.

Each new title is an excuse for unions to complain that work is not “safe”. Thousands of public sector workers are still sitting at home, depressing productivity, absorbing buckets of fresh public spending, and stifling the economy (just think of the backlog of DVLA truck licenses). All kinds of places, like public museums, always try to require masks to be worn, even though the law does not. The administrative burden and expenses associated with flights abroad have multiplied endlessly.

Schools are among the most prolific in the security-ism Covid, when they should be the ones fighting the most against it for the sake of their students. Bans on shaking hands, masks, canceled nurseries, draconian policies against the disease: everything must still work in the shadow of the virus.

Worse yet, as The Telegraph reported this week, some schools have even taken it upon themselves to impose “blackouts” – week-long “e-learning” rehearsal parties in which teachers sit at home while their students fall further and further behind. Such closures should be illegal.

Instead, with the news of this variant, these kinds of measures will spread. Just when it seemed like the government was right to give us back our freedoms and resist Europe’s new lockdown fever, supporters of Covid’s endless panic took the initiative again. They want to show that freedom can still be suspended at any time and society can still be put in the freezer.

It is already clear that some aspects of life will never return to normal. We will keep crumpled masks in our pockets for years to come. Travelers will forever be forced to fill out unnecessary paperwork briefs to travel anywhere and in many countries they will need to show proof of vaccination. Sticking a cotton swab in your nose every now and then will just be a part of life from now on. These things are dismal, but inevitable.

What we cannot accept, however, is that our fundamental freedoms are nothing more than loans that can be called up at any time. Free societies do not require their citizens to receive new vaccines every year to lead normal lives. They do not allow teachers to close schools with a simple gesture. They don’t put Christmas on hold, close offices, and ban drinking every time something unusual pops up in a lab somewhere.

Last year, as the country entered its third and most depressing Christmas lockdown, politicians backing the restrictions promised us release was imminent. “Let’s not fall at the last hurdle,” they said. “The vaccine is here! they said. “Just wait for deployment, then enjoy your freedoms. “

Well, the deployment has taken place. The virus is still here, evolving, and it will continue to evolve forever. It’s as good as it gets. We therefore need to know when and how we will go from “Covid mode” to “normal life”. With so many panic-mongers resisting change, it won’t happen without a fight. We need to know that the government really wants to win.


Villainous international organizations help China crush freedom

Have we lost the plot? Interpol, the international police agency, has just elected a new Chinese official to its executive committee after the last man, an official named Meng Hongwei, was literally disappeared by the Chinese state. There is no symbol that better represents the state of governance organizations in the world.

Interpol helps its 195 member countries share police information and issues cross-border arrest warrants for people they wish to arrest. One of its four founding principles is “respect for human rights”. But authoritarian regimes have found it to be an excellent vehicle for tracking down the targets of dissidents and ethnic minorities that have eluded them.

In recent years, China has stepped up its use of Interpol to prosecute democracy activists, government critics and prominent members of groups it wants to exterminate. Xi Jinping has launched two campaigns, called “Fox Hunt” and “Sky Net”, the objectives of which are to sweep and extradite critics of his regime abroad. Research by human rights group Safeguard Defenders shows that Chinese state media have bragged about the use of Interpol’s tools in nearly 3,000 cases as part of these campaigns.

The ridiculous affair of Meng and his replacement shows how much easier we are in Beijing. In 2018, Meng, the head of Interpol, returned to China – and never returned. Yet here we are three years later and Beijing has a new head on Interpol’s executive committee. Have you disappeared your own official? No matter! Send another one!

Democratic countries provide over 60% of Interpol’s funding, but as usual we have rendered ourselves procedurally powerless, having diffused voting power among the organization’s many member states.

Yet there are levers we could pull. Dozens of parliamentarians from the International Parliamentary Alliance on China have written a letter to oppose China’s plans to include its leader on the Interpol committee. Where was the campaign at the government level? And what are Interpol’s main funders doing to ensure that its practices respect its legal commitment to political neutrality and human rights? Interpol recently introduced a code of conduct and initiated reforms which it says “will ensure greater transparency”. Its detractors are skeptical.

Recently, Meng’s wife Grace, who lives in France with their children, publicly expressed her fear of Beijing’s long arm for the first time. This power is amplified by organizations like Interpol. And through them, democracies, rather than hampering this activity, help and encourage it.

The world recently got a taste of how China’s “disappearance” system works. Peng Shuai is not your typical government critic. She is a tennis player with a network and fan base across the world. Yet when she spoke about being sexually abused by a senior retired Communist Party official called Zhang Gaoli, she was quickly and effectively silenced.

First, the regime deleted its blog post. Then she disappeared from sight for days. Then she reappeared smiling, attending official events, going to dinner with “friends” (including several unsmiling and official-looking men) and even had a half-hour phone call with Olympic bureaucrats, who then said she was “fine”.

If Peng had known the hell raised abroad by her friends and foreign governments, she might have concluded that her best chance of escaping China and the life of surveillance, gagging and control that now waiting would be to stick to his guns. But she was presumably kept in the dark. Pressure had to be exerted to obtain his cooperation. The usual method would be to take family members hostage. So, with the help of the Olympic apparatus, Beijing neutralized a public relations nightmare.

Last week, I said that China and other authoritarian regimes continue to make mistakes. This week, cowardly international organizations established and backed by the West pulled China out of its own mess. With “friends” like that …

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The Danish Creative Alliance is part of Nordisk | New http://www.nordbi.org/the-danish-creative-alliance-is-part-of-nordisk-new/ Fri, 26 Nov 2021 11:57:48 +0000 http://www.nordbi.org/the-danish-creative-alliance-is-part-of-nordisk-new/

Danish production company Creative Alliance is now part of Nordisk Film Production, creating a new division called Nordisk Film – Creative Alliance.

Writer / directors Lone Scherfig and Ole Christian Madsen and producer Malene Blenkov formed Creative Alliance in 2013 and will all be part of the new division. The new agreement comes into effect on December 1.

Blenkov said Filter: “The industry has changed dramatically over the past two years and our energizing and inspiring conversations with the directors of Nordisk Film Production have allowed us to focus on future production methods. We realized that we could team up and be released to focus on raising our creative focus in producing and improving our projects.

She explained that although Creative Alliance will no longer be an independent company, “this collaboration gives us the opportunity to maintain our unique profile while benefiting from the capacity and strength of Nordisk Film.”

Blenkov said the creative producer / director partnership will remain essential. The company has an active list of feature films and television shows. Ongoing projects include the Scherfig TV show on hospital set for Danish channel TV2 (now serving); an upcoming Viaplay program with director Milad Alami which will be shot in spring 2022; and a Madsen project in development with HBO.

The company’s past films include The kindness of strangers and Stab for beginners.

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Safe-haven cash flows dominate as concerns spread over virus variant http://www.nordbi.org/safe-haven-cash-flows-dominate-as-concerns-spread-over-virus-variant/ Fri, 26 Nov 2021 10:27:15 +0000 http://www.nordbi.org/safe-haven-cash-flows-dominate-as-concerns-spread-over-virus-variant/

Remarks / Observations

– The risk aversion theme is creeping in as a variant of the virus found in South Africa could spread worldwide and thwart the global recovery.

– Bets on rate hikes in the United States fall due to concerns about the new variant of covid (postponed from July to September 2022).

– The price index for imports from Germany in October recorded its highest annual rate since January 1980 (Y / Y: 21.7% against 19.6% e).

Asia

– Japan Nov Tokyo CPI Y / Y: 0.5% v 0.4% e; CPI (excluding fresh food) Y / Y: 0.3% against 0.3% e.

– Australia Oct Retail sales M / M: 4.9% v 2.2% e.

– BOJ board member Nakagawa reiterated his stance of maintaining ultra-accommodative monetary policy to meet the 2% inflation target, said the “weak” yen had both positive and negative aspects.

– Japanese Prime Minister Kishida has confirmed that he wants at least 3% wage increases during spring union negotiations.

– Moody’s confirmed Japan’s sovereign rating A1, outlook stable.

Coronavirus

– The UK has issued a temporary flight ban on six African countries, including South Africa. New variant found in Botswana, Hong Kong and Israel among travelers from South Africa.

Europe

– BOE Governor Bailey reiterated that supply problems are causing inflation and should be temporary; the risk was for inflation expectations to take hold, noted the UK labor market was very tight.

Speakers / Fixed income / FX / Commodities / Erratum

Actions

Indices [Stoxx600 -2.60% at 469.20, FTSE -2.86% at 7,100.96, DAX -2.84% at 15,465.95, CAC-40 -3.61% at 6,820.65, IBEX-35 -3.54% at 8,527.50, FTSE MIB -3.08% at 26,263.00, SMI -1.66% at 12,243.52, S&P 500 Futures -1.99%].

Market focal points / Key themes:

Actions

European indices open significantly lower across the board and remained deeply in the red as the session progressed amid growing concerns over the new variant of COVID-19 which was reportedly named Nu by the WHO and first detected in South Africa, carrying more mutations than any other variant in the past; sectors leading to the downside include energy, industrials and financials as traders reassess their expectations for rate hikes around the world; on the corporate side, shares of Airbus and almost all European airlines fell by more than 10%; Royal Dutch Shell is trading up to 5% in Amsterdam as oil prices fall; German tech firm Software AG trades higher amid potential speculation over acquisition talks; earnings expected for the next US session include Pinduoduo.

Consumer discretionary: Airbus [AIR.FR] -ten%, Lufthansa [LHA.DE] -ten%, Air France [AF.FR] -9%, AGI [IAG.UK] -10% (travel bans to South Africa due to new variant concerns), ScS Group [SCS.UK] -14% (commercial update).

Energy: Royal Dutch Shell [RDSA.NL] -5% (oil down on variant issues).

Health: Novacyt [ALNOV.FR] + 12% (UK test approval).

Technology: Software AG [SOW.DE] + 6% (considers the sale).

Loudspeakers

ECB Visco (Italy) said the health situation in the EU region was again a cause for concern and the consequences were difficult to predict. The measures to end the pandemic should be gradual.

The President of the European Commission, Von Der Leyen said he would offer to activate the emergency brake to stop air travel from the southern African region due to the worrying variant B.1.1.529.

Central Bank of Sweden (Riksbank) Dep Gov Ohlsson expressed confidence in its current inflation forecast. New Repo Rate Path was a clear signal of direction.

German health spahn reiterated the government’s position that the current virus situation is more serious than in the past; The heads of state will meet in the coming weeks. The current wave will hit all of Germany; the number of people-to-people contacts should be reduced.

Official Baerbock of the German Greens said that did not rule out a lockdown in Germany.

Union of Fishermen of Francem reportedly intends to block the Channel Tunnel and ports to protest the lack of licenses issued by the UK.

Currency / Fixed Income

– Safe-haven cash flows dominated the session as concerns escalated over the discovery of a new variant of the coronavirus that could withstand current vaccines.

– The USD was weaker as some bets on the Fed’s rate hike were recalibrated. Dealers noted that covid trends in Europe and the United States have gained increased attention lately and reports of a new variant which, along with an ability to evade vaccine immunity, have increased uncertainty. of the global recovery. Bets on rate hikes in the United States are declining amid concerns over the new variant of covid (postponed from July to September 2022).

– EUR / USD rebounded after a recent massive selloff lasting several weeks. Pair probing 1.1270 after testing below 1.12 earlier in the week.

– JPY currency was the main beneficiary of safe haven flows with USD / JPY testing 113.65 during the session.

Economic data

– (DE) Germany Oct. Import price index M / M: 3.8% vs. 1.9% e; Y / Y: 21.7% vs. 19.6% e.

– (NO) Norway Oct. Retail sales M / M: 1.0% vs. 0.3% e.

– (CN) Shanghai weekly copper inventories (SHFE): 41.9,000 against 34.9 tonnes previously.

– (FR) France Nov Consumer confidence: 99 v 98th.

(CH) Swiss GDP Q3 Q / Q: 1.7% vs. 1.6% e; Y / Y: 4.1% against 2.9% e.

– (SE) Sweden Nov. Consumer confidence: 99.7 v 102.0e; Manufacturing confidence: 126.6 against 128.4 previously; Economic Trends Survey: 118.0 v 119.9 before.

– (UK) Russia, narrow money supply with November 19 (RUB): 14.35 T against 14.33 T before.

– (TW) Taiwan Oct Monitoring Indicator: 39 v 38 before.

– (TW) Taiwan’s final GDP Q3 Y / Y: 3.7% vs. 3.8% e.

– (SE) Sweden Oct Retail sales M / M: + 0.4% vs. -0.2% previously; Y / Y: 5.2% against 4.9% previously.

– (EU) Euro zone Oct M3 Money supply Y / Y: 7.7% against 7.4% e.

– (AT) Austria November Manufacturing PMI: 58.1 against 60.6 before (17th consecutive expansion).

– (IT) Consumer confidence index in Italy in November: 117.5 v 117.0e; Manufacturing Confidence: 116.0v 114.0e; Economic sentiment: 115.1 v 115.1 before.

Issue of fixed income securities

– (IN) India total sold INR240B against INR240B indicated in bonds 2023, 2026, 2035 and 2051.

– (ZA) South Africa sold total ZAR against ZAR1.2B indicated in obligations I / L 2033, 2046 and 2050.

– (THIS) Italian Debt Agency (Tesoro) sold € 5.0bn against € 5.0bn indicated in 6-month invoices; Average return: -0.563% vs. -0.550%; Bid-to-cover: 1.43xv 1.27x front.

Look ahead

– (BR) Brazil Oct Total creation of formal jobs: +260.0 K against 313.9 K previously.

– 5:25 am (EU) Daily liquidity statistics from the ECB.

– 6 a.m. (UK) DMO to sell £ 2.0bn in 1-month, 3-month and 6-month bills (£ 0.5bn, £ 0.5bn and £ 1.0bn respectively) .

– 06:30 (IN) Weekly Forex reserve in India with November 19: no estimate against 640.1 billion dollars previously.

– 6:45 am (US) Correction of the daily Libor.

– 07h00 (IN) India announces the next issue of invoices (Wednesday).

– 07h00 (MX) Mexico October Trade balance: -2.0 $ against -2.4 M $ before.

– 07:30 (BR) Brazil Oct. Total loans in progress (BRL): 4.491 Te against 4.429 T previously; M / M: 1.4% ev 2.0% before; Default rate for personal loans: none is v 4.2% before.

– 08h00 (UK) Daily Baltic Dry Bulk Index.

– 08:00 (UK) BOE’s Pill (Chief Economist).

– 8:30 am (IE) BCE’s Lane (Ireland, chief economist).

– 8:30 a.m. (US) USDA Weekly Net Export Sales.

– 10:15 am (ES) De Guindos of the ECB (Spain).

– 10:15 am (ES) BCE of Cos (Spain).

– 11h00 (EU) Potential for sovereign ratings after European close (Moody’s on Belgium and Switzerland; S&P on the sovereign rating of Ireland; DBRS on the sovereign rating of Poland).

– 20:30 (CN) China Oct. Industrial profits Y / Y: None is against 16.3% before.

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Ampel does not plan to ban commissions – the economy – UK Parents Lounge http://www.nordbi.org/ampel-does-not-plan-to-ban-commissions-the-economy-uk-parents-lounge/ Fri, 26 Nov 2021 09:34:55 +0000 http://www.nordbi.org/ampel-does-not-plan-to-ban-commissions-the-economy-uk-parents-lounge/

If the financial lobbyists are to be believed, then the world generally collapses if their demands are not heeded; SMEs no longer get credit, savers get nothing in terms of investment advice. When it was recently learned that a request from the Greens to organize investment advice differently and to replace commission-based advice with fee-based advice had in fact been the subject of a position paper on traffic lights, there must have been a lot of enthusiasm among the banking associations. The case “would prevent a large part of the population from having access to good advice” and therefore lacks solidarity, said Sparkasse chairman Helmut Schleweis. The Volks- und Raiffeisenbanken warned against serious discrimination against “broad sections of the population”. In support, the associations quickly published a study by KPMG, according to which consumers with particularly low and medium investment amounts were “cut off” from the advice given by the fee advice.

The effort paid off: in any case, the issue is no longer reflected in the coalition agreement – the FDP, which wanted to leave everything as it is, was able to win. “It’s really remarkable how powerful the banking lobby still is,” said a former bank boss who declined to be named. Above all, savings banks would have access to all parties thanks to their networking in the municipalities.

Commissions are an important source of income for banks

This decision would have been revolutionary for the financial sector. Ultimately, the goal was to replace commission-based advice for private investors with independent, fee-based advice. The Netherlands, the Nordic countries and Great Britain have had such a ban for a long time and have had good experiences with it. In Germany, however, large sales organizations live on high commissions, which they pass on to customers. In the case of life insurance or a securities fund, this is often five or six percent of the total contributions payable by the client. This can represent several thousand euros per contract. The result: lower returns and lower retirement provision.

Each year German life insurers pay around seven billion euros in acquisition costs for brokers, in 2020 it was 7.5 billion euros – and that’s the amount they charge their clients . Commissions are also an important source of income for banks – also for the maintenance of their lush branch network. According to a study by analysis firm Barkow Consulting, the share of net interest income in the total income of German banks has been declining for years. Conversely, the share of commissions amounts to 27%. In the case of paid advice, the client pays the consultant, in the same way as tax advisers or lawyers. However, fee advice hardly plays a role given the competition from allegedly “free” commission sales.

Consumer advocates have been advocating paid advice for years. What savings banks would call a consultation is actually a sales pitch, financial expert Niels Nauhauser of the Baden-Württemberg Consumer Center wrote on Twitter. It is absurd to qualify paid advice as a lack of solidarity. Fees are freely negotiable and can be staggered according to income. Gerhard Schick of the citizens’ movement Finanzwende also considers that the arguments of the banks are advanced: in practice, consumers “with a small budget” would sometimes have to pay four figures for a life insurance policy.

In addition to financial advice, banking associations have apparently found an audience in the traffic light coalition: the three-pillar model, which is associated with a high proportion of state-affiliated banks, should not be touched, this that the savings banks have praised. The relaxation of fairness rules introduced following the corona pandemic could also be maintained. A “real” European deposit guarantee is also on the agenda, which would meet another requirement of savings banks and Volksbanks. After all, residual debt insurance providers must be prepared for the changes. The sale of these controversial products must be decoupled, which should make their distribution more difficult.

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White Friday: The best deals on smartphones for all budgets http://www.nordbi.org/white-friday-the-best-deals-on-smartphones-for-all-budgets/ Thu, 25 Nov 2021 07:00:51 +0000 http://www.nordbi.org/white-friday-the-best-deals-on-smartphones-for-all-budgets/
With discounts on dozens of phones, take advantage of Amazon’s White Friday Sale to upgrade your device.
Image Credit: Unsplash/Daniel Romero

Phones have a come a long way over the years. Today’s phones not only let you call or message your friends and family but also track your fitness, play your favourite songs, browse social media, and capture high-definition videos and pictures. One can’t simply imagine a world without phones now. Smartphones are a fairly new entrant in this space and they come with numerous specs that make life better for you.

Here is a short list of the best smartphones that are available at great prices in the ongoing White Friday Sale. Choose the best smartphone that fits all your daily needs and get them delivered within a day through Amazon Prime.

1. Xiaomi Redmi Note 10S B093ZWSMLT

This affordable 5G smartphone comes with a dual SIM and a quad camera that can immediately capture every special moment in your life. The phone features a 64-mega pixel main camera, 8-mega pixel wide camera and a 2-mega pixel depth sensor. Overall, the Redmi Note 10S’s fast charging support at 33W makes it an ideal companion for everyday use. The Redmi Note 10S phone is available in three colours – pebble white, ocean blue and onyx grey.

Warranty: Amazon offers a one-year extended warranty for Dh50 and a one-year damage protection for Dh70.

Bonus: Buy with 0% installments and pay Dh56.58 for 12 months with select banks.

2. Samsung Galaxy Note20 B08F5HK8KC

If you are a gaming buff, get the Samsung Galaxy Note20 and play your games on this smartphone. The Note20 by Samsung comprises of a smooth and clear display, an 8K video camera, and a multi-tasking computer suite with high-processing speeds. You can enjoy a full day with the Galaxy Note20 thanks to its long lasting battery. The phone is available in three different mystic colours – black, bronze and white.

Warranty: Amazon offers a one-year extended warranty for Dh175 and a one-year damage protection for Dh245.

Bonus: Buy with 0% installments and pay Dh258.25 for 12 months with select banks.

3. OPPO Reno5 

The OPPO Reno5 is perfect to shoot videos. This super lightweight phone comes with numerous specs, including a 5G 8-core processors, seamless display and a large 128GB storage capacity. The smartphone also features Ultra Night Video that uses artificial intelligence to determine light exposure and Live HDR. The phone’s battery charges to 100% with only 35 minutes of plugging your phone in. OPPO Reno5 is available in two colours – galactic silver and starry black.

Warranty: Amazon offers a one-year extended warranty for Dh75 and a one-year damage protection for Dh105.

Bonus: Buy with 0% installments and pay Dh122.42 for 12 months with select banks.

4. Samsung Galaxy M12 B08XY6X288

If you’re looking for a smartphone to get your money’s worth, this budget-friendly Samsung Galaxy M12 is a great deal. The phone’s Infinity-V display is great to watch HD videos, movies or play games. The Galaxy M12 has an octa-core Processor with 4GB of RAM and 64GB of ROM. You can capture sharp images with the phone’s Quad Camera that has a 48-mega pixel main, 5-mega pixel ultra-wide, or a 2-mega pixel depth camera. The Samsung M12 phone is available in black, blue and green.

Warranty: Amazon offers a one-year extended warranty for Dh25 and a one-year damage protection for Dh35.

5. Nokia X20 B095M9SKC7

If you’re constantly worried that your phone is running out of charge, this Nordic blue-coloured phone is perfect for you. The Nokia X20 phone’s battery lasts up to two days on a single charge and is great to own if you’re on the road a lot. Shoot videos and capture images with the 64-mega pixel Quad camera on the Dual Sight Multi-Cam mode. Get a high definition display on a 6.67-inch wide screen, and enjoy watching movies, holding presentations and doing video calls with this phone.

Warranty: Amazon offers a one-year extended warranty for Dh50 and a one-year damage protection for Dh70.

Bonus: Buy with 0% installments and pay Dh79.08 for 12 months with select banks.

6. motorola Moto G20 B095PHGK9R

Get the Moto G20 smartphone to suit your active lifestyle. Its water repellent feature protects the phone from water splashes, sweat or moisture. The phone comes with a 48-mega pixel Quad camera to shoot sharper low-light images, vivid pictures at night, portraits, and incredibly detailed close-ups. The octa-core processor along with a 4GB RAM boosts high performance and multi-tasks for you. The phone has ample storage of 128 GB along with a battery life that lasts for 2 days.

Warranty: Amazon offers a one-year extended warranty for Dh25 and a one-year damage protection for Dh35.

Our recommendations are independently chosen by Gulf News editors. If you decide to shop through links on our website, we may earn an affiliate commission, as we are part of Amazon Services LLC Associates Program.

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The brilliant “Be My Eyes” app helps the visually impaired in their daily tasks http://www.nordbi.org/the-brilliant-be-my-eyes-app-helps-the-visually-impaired-in-their-daily-tasks/ Thu, 25 Nov 2021 06:50:00 +0000 http://www.nordbi.org/the-brilliant-be-my-eyes-app-helps-the-visually-impaired-in-their-daily-tasks/

Technology has made almost anything and everything possible. Yes, some things are not so pleasant, but we have to appreciate all the great possibilities that this has created.

This app, BeMyEyes.com, was launched in Denmark in 2012 by Hans Jørgen Wiberg – a Danish furniture craftsman – who is visually impaired himself. He has since grown up with up to 5 million volunteers.

READ MORE: What’s Stopping Teens From Getting Drunk Into An App?

The app launched on iOS and within 24 hours it had over 10,000 users. Can you see how useful and effective this is for the visually impaired?

Imagine going to the stores and wanting to check an expiration date or the different ingredients of a product – these are impossible tasks if you are visually impaired.

READ MORE: Book your flight in 10 minutes with the latest Kulula app

If you want to volunteer, share it with a visually impaired friend, or if you’re just curious about how it works, take a look here:

WATCH: Restaurant goes the extra mile for blind TikToker on his birthday

Honestly, there is nothing better than bringing people together and helping others in this way. In 2017, it was chosen among the best Google Play apps of 2017 in categories; “Most Innovative”, “Best Daily Assistant” and “Best Hidden Gem”.

They also won the 2018 Google Play Award for “Best Accessibility Award” in 2018.

People still use it and lend their eyes to the people who need it most right now.

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Loomis AB issued SEK 1,200 million sustainability bonds http://www.nordbi.org/loomis-ab-issued-sek-1200-million-sustainability-bonds/ Wed, 24 Nov 2021 15:58:00 +0000 http://www.nordbi.org/loomis-ab-issued-sek-1200-million-sustainability-bonds/

SOLNA, Sweden, November 24, 2021 / PRNewswire / – Bonds are issued for five years with a maturity November 30, 2026. The bonds have a 3-month Stibor variable interest rate plus 1.35 percentage points. The proceeds will be used for general business purposes and to refinance loans. The bonds will be listed on the Nasdaq Stockholm Sustainable Bond List.

Sustainability Bonds are issued under Loomis’ recently updated MTN program and under the new Loomis Sustainability Financial Framework, which was posted, at www.loomis.com, in November 2021. Sustainalytics concludes, in its second framework check, that Loomis ‘goals are ambitious and aligned with Loomis’ sustainability strategy. In addition, the framework complies with the principles of the “Sustainability-Linked Bond Principles 2020” and the “Sustainability-Linked Loan Principles 2021”.

Loomis has linked sustainability obligations to the outcome of a sustainability goal to reduce Loomis’ absolute carbon dioxide emissions by 20% by 2025, from 2019 levels.

Nordea structured the Sustainability-Linked Financial Framework and Danske Bank and Nordea acted jointly as bookkeepers for this issue.

CONTACT:

Kristian ackeby
CFO

Mobile: +46 70 569 69 98
E-mail: [email protected]

Anders Haker
Head of Investor Relations

Mobile: +1 281 795 8580
E-mail: [email protected]

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/loomis-ab/r/loomis-ab-has-issued-sek-1-200-million-of-sustainability-linked-bonds,c3460209

The following files are available for download:

SOURCE Loomis AB

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Company Announcement 16/2021 http://www.nordbi.org/company-announcement-16-2021/ Wed, 24 Nov 2021 05:17:30 +0000 http://www.nordbi.org/company-announcement-16-2021/

November 24, 2021

NORDIC SHIPHOLDING A / S
VSCompany announcement: 16/ 2021

Posted via NASDAQ OMX on 24 november, 2021

T3 Rresult 2021

Summary
The comparison figures for the period ended 30 September 2020 are indicated in parentheses.

The Group extended its loss in the first nine months of this year as Time Charter Equivalent (“TCE”) rates continued to be depressed due to reduced tonnage demand caused in part by by the COVID-19 pandemic, associated with excessive tonnage availability in the market. The average daily rate of TCE obtained in Q3 2021 and 9M 2021 by vessels was 65% and 58% lower than the average daily rate of TCE obtained in Q3 2020 and 9M 2020, respectively.

The Group recorded an after-tax loss of $ 8.1 million (including a one-time impairment of $ 4.9 million on vessels) during 9M 2021 compared to an after-tax loss of $ 3.9 million (including a one-time loss of $ 10.7 million on ships) for the same period last year. The significant drop in TCE rates and the shortfall resulting from the sale of two vessels, Nordic Hanne and Nordic Pia, in April 2021 largely contributed to the loss incurred in 9M 2021.

Expenses related to vessel operations in 9M 2021 were less than USD 7.0 million (USD 8.6 million) mainly due to the sale of Nordic Hanne and Nordic Pia in April 2021.

EBITDA decreased significantly to $ 0.5 million ($ 14.2 million) due to lower TCE revenue generated in 9M 2021. Other external costs remained unchanged at 1.0 million USD (1.0 million USD).

As reported in Company Announcement 12/2021, previous attempts to find a suitable merger partner have not materialized. The Board is currently in discussion with the various stakeholders of the Group to ensure the proper liquidation of the Group in a responsible manner. In accordance with the agreement with the lenders, the remaining three vessels are to be sold in an orderly fashion. Thus, the Group recognized an impairment loss of $ 4.5 million in the second quarter of 2021 following the classification of the three remaining vessels, Nordic Agnetha, Nordic Amy and Nordic Anne, as assets held for sale. As of 9M 2020, a total impairment loss of USD 10.7 million has been recorded on the vessels. Due to the volatility of the market, it should be noted that the estimate of the expected sale value of the remaining vessels is very uncertain.

The Group recognized an additional impairment loss of US $ 0.4 million during 9M 2021 due to the recognition of certain additional expenses related to the sale of Nordic Hanne and Nordic Pia which took place in April 2021.

After accounting for depreciation, impairment, interest and other finance charges, the after-tax loss was US $ 8.1 million in 9M 2021 (loss of US $ 3.9 million).

Between December 31, 2020 and September 30, 2021, equity fell from minus $ 8.5 million to minus $ 16.7 million due to the cumulative loss incurred during the period.

The Group is also subject to a quarterly cash transfer mechanism under which the Group, after payment of down payments and interest under the loan agreement, must allocate any cash and cash equivalents of the Group in excess of USD 6.0 million to early repayment of the loan. There was no cash transfer during 9M 2021 (a cash transfer of $ 13.3 million was used to repay the loan during 9M 2020).

During the year under review, cash flow from operations was a net outflow of $ 0.8 million (net inflow of $ 14.1 million) after payment of periodic interest charges on the loan. in the long term. In addition to quarterly payments totaling $ 2.1 million, the net proceeds from the sale of Nordic Hanne and Nordic Pia were used to prepay bank loans during 9M 2021. As a result, cash and cash equivalents have been reduced to $ 2.1 million as at September 30, 2021 from $ 5.4 million as at December 31, 2020.

As the Group enters the new phase of liquidation of its activities, the Chairman of the Board of Directors, Mr. Knud Pontoppidan and an independent director of the Company, Mr. Jens V. Mathiasen have stepped down from the Board of Directors of the Company with effect from October 14, 2021. in accordance with the company announcement 14/2021 of October 14, 2021. Mr. Esben Poulsson, independent director of the company, was appointed on the same day as the new chairman of the board of administration of the company.

The outlook for 2021 remains unchanged, as reported in the company announcement 15/2021 on November 23, 2021. TCE’s revenue for 2021 is expected to be in the range of $ 8.5 million to $ 10.5 million. millions of dollars. After taking into account the operating expenses budgeted by the respective technical managers, the Group’s EBITDA (earnings before interest, taxes, depreciation and amortization) for 2021 is expected to be between -1.0 million USD and 1.0 million USD. . The pre-tax profit is estimated at -9.5 million USD – -7.5 million USD.

For more information, please contact:
Mr. Esben Poulsson, Nordic Shipholding A / S: +45 39 29 10 00

  • NSH Q3 2021 Financial Announcement

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Groups seek booster shots for employees http://www.nordbi.org/groups-seek-booster-shots-for-employees/ Tue, 23 Nov 2021 13:54:15 +0000 http://www.nordbi.org/groups-seek-booster-shots-for-employees/

BUSINESS groups and organizations are urging the government to allow the private sector to use its Covid-19 vaccines stocks for booster shots to protect their employees and their families.

In a joint statement on Tuesday, the groups said that according to studies, Covid-19 vaccine efficacy wanes beyond six months and without boosters, there is a risk of another infection surge that could shut down the economy anew.

“We fully understand the need to prioritize certain sectors when vaccines are scarce but the government has announced that its stockpile of vaccines has now reached close to 60 million and continues to increase, as the vaccines are arriving faster than they can be dispensed,” they said.

“We no longer have a shortage and with such a large stockpile, we risk having vaccines expire and go to waste,” they added.

According to them, the private sector purchased the vaccines to help the government vaccinate as many as possible as soon as possible.

“We have been ready to do so even as the government imposed priorities when supply was scarce. With the oversupply, the private sector asks the government to allow it to use these vaccines to take care of their employees and dependents as their contribution to accelerating national vaccination,” they said.

“We thus enjoin the government to immediately allow the private sector to use its vaccines,” they added.

The joint statement was issued by ACI Philippines, Association of Certified Public Accountants in Public Practice, Canadian Chamber of Commerce of the Philippines, Cebu Business Club, Cebu Leads Foundation, Chamber of Thrift Banks, CIBI Foundation Inc., European Chamber of Commerce of the Philippines, Financial Executives Institute of the Philippines, Federation of Filipino Chinese Chambers of Commerce and Industry Inc., Federation of Indian Chambers of Commerce Philippines Inc., Investment House Association of the Philippines and IT and Business Process Association of the Philippines.

It was also signed by Intellectual Property Association of the Philippines, Management Association of the Philippines, Money Market Association of the Philippines, Makati Business Club, Nordic Chamber of Commerce of the Philippines Inc., Organization of Socialized Housing Developers of the Philippines, Philippine Center for Entrepreneurship, Philippine Life Insurance Association, Procurement and Supply Institute of Asia, Shareholders’ Association of the Philippines, Spanish Chamber of Commerce in the Philippines, Semiconductor and Electronics Industries in the Philippines Inc. and the Tax Management Association of the Philippines.

As of November 22, the Philippines has administered a total of 76.52 million Covid-19 vaccine doses.

This brought the total number of fully vaccinated to 33.848 million.

The government has started this week the administration of booster shots for health care workers and senior citizens.

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eKrona was voted a coin with “the highest potential for growth and profitability” http://www.nordbi.org/ekrona-was-voted-a-coin-with-the-highest-potential-for-growth-and-profitability/ Mon, 22 Nov 2021 17:23:00 +0000 http://www.nordbi.org/ekrona-was-voted-a-coin-with-the-highest-potential-for-growth-and-profitability/

eKrona

Screenshot of eKrona configuration

Setup Steps

eKrona, the world’s first state-backed decentralized currency, was recently released and voted the asset with the highest growth potential by more than 10,000 traders worldwide.

It is impossible to resist this investment opportunity. It is the first digital currency supported by a country. The country has a lot of capital and liquidity, so this is not a chance to look over it. “

– Mr. Pastor, day trader and venture capitalist.

LONDON, UK, November 22, 2021 /EINPresswire.com/ – A few months ago, Sweden shocked the world by launching a first digital currency of its kind and it is already gaining huge popularity in the world of investment. Called eKrona, the cryptocurrency is intended for use as legal tender in the EU and abroad and can be easily purchased through the official eKrona website.

It is considered the first cryptocurrency that can easily be used to purchase physical goods or services and many investors call it a “foolproof investment strategy”. At the time of writing, the price of an eKrona is $ 0.2. It is considerably cheaper than any of its competitors. The consensus within the trading community is that the price of each coin will continue to double each week.

Tokens and currency are available for immediate purchase, sale and use on the official eKrona website. The sole purpose of the official website is to market, distribute and enable the secure trade of the newly created digital coin.

Historically, every time a nation or company advertises sponsorship of an investment asset, the price skyrockets, leaving investors with high returns. Many expect eKrona to follow in the same footsteps thanks to the massive support from the state. Many large-cap cryptocurrencies have already created a new generation of millionaires, and it’s time for eKrona to do the same.

The move confirms Sweden and the EU’s position as a world leader in finance, as investing in eKrona is highly recommended for most EU residents due to the potential payoffs. This decentralized version of the currency is seen as the next development step for the European Union.

The current eKrona purchase process is straightforward and can only be done on the official eKrona website. After heading to eKrona.com, simply click on the “Register Now” button, fill in the required information and select “Open Account”. You will then be redirected to an authorized broker available in your area, where you can proceed with the purchase. Keep your phone nearby as you may need to answer your phone for an automated verification check.

The minimum deposit is only a reasonable € 250 given the exponential growth of decentralized money. There are absolutely no associated trading fees and the benefits of the initial investment can be withdrawn at any time in accordance with local regulations.

If eKrona follows the Bitcoin path, the initial investment of € 250 could be valued at well over € 10m.

“With official government backing, there is little downside risk and current market conditions are perfect for investing. Major stock indices are down, and many of us look to eKrona for unprecedented returns. This is our chance to invest early and not miss another bitcoin-like opportunity, “commented a senior hedge fund trader who wished to remain anonymous in an interview.

“It is impossible to resist this investment opportunity. It is the first digital currency supported by the country. The country has a lot of capital and liquidity, so it is not a chance to look over it.” Mr. Pastor, day trader and venture capitalist.

Many organizations are hoping that eKrona will solve a European asset validation problem. With data stored on Blockchain, European banks would be able to quickly validate and verify the assets of any institution or person, thus providing secure collateral for loans. Many countries are currently struggling with bad debts when an individual takes out a loan with non-existent collateral to back it up.

“Using the smart contracts provided by the eKrona digital currency, finance providers would be able to independently verify assets and liabilities to ensure that multiple loans are not supported by the same collateral,” J . Rothers, principal blockchain researcher

With both consumer and institutional interest in eKrona, it’s easy to see why so many investors are jumping at this opportunity hoping the price per coin will rise dramatically.

Currently, circulation of all eKrona is only permitted through these authorized brokers.

Olivier Graham
eKrona
write us here

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