• BOE Avoids Repeat of 2008 Schism for Now Even as Split Widens
    Bloomberg

    BOE Avoids Repeat of 2008 Schism for Now Even as Split Widens

    (Bloomberg) -- Bank of England policy makers are set to keep delivering ultra-loose monetary policy even as they disagree over the pace of economic recovery from the coronavirus-triggered recession.While officials led by Governor Andrew Bailey have different takes on how the economy is emerging from the pandemic shock, the next policy decision on Thursday is expected to leave interest rates at a record low and the asset-purchase program unchanged.It’s a stance that economists reckon will last many months, which should provide certainty for households, companies and investors after the worst recession in living memory.“There seems to be a division between different members on how the recovery is progressing,” Nomura International Plc. economist George Buckley said. “But I suspect there is probably not going to be much division when it comes to the next vote.”The alignment differs from the last big slump in the 2008 global financial crisis, when officials led by then-Governor Mervyn King clashed both on the economic outlook and the response to it.It was a period which witnessed simultaneous votes to raise and cut interest rates and, as the turmoil deepened, the disagreement played out in a public spat that left the institution bruised.This time around there are splits over the economic outlook. Chief Economist Andy Haldane is optimistic about a quick recovery, while Silvana Tenreyro says the bounceback will probably be limited.But on monetary policy there’s less division, even though Haldane voted against the latest round of quantitative easing, preferring to wait for more evidence.The BOE is already buying an additional 300 billion pounds ($393 billion) of bonds as part of its emergency virus response, and economists expect it to top that up by another 50 billion pounds before the end of the year.Policy makers are expected to stand pat on both interest rates and asset purchases when they announces their next decision on Aug. 6. More interesting will be the bank’s updated outlook for the economy, which may offer clues on the likelihood of further stimulus.Some disagreement among the members of the MPC is inevitable, given they are dealing with historically elevated levels of uncertainty. One gauge tracked by economists at the BOE -- forecaster disagreement -- surged almost 2,000% from January to its peak.But the variations are relatively nuanced, focused on what time horizon to gauge the economy’s prospects.What Bloomberg Economists’ Say...“The focus will be on the central bank’s projections where we expect the recovery to look less ‘V-shaped’ than in May. Attention will also be on whether policy makers drop any hints that interest rates may go lower.”\-- Dan Hanson, senior U.K. economist. Read his full PREVIEW.Haldane has emphasized high-frequency data such as payment transactions and Google searches, which he says are broadly corroborated by official GDP figures. He describes the recovery as “so far, so V.”Tenreyro has focused more on risks slightly further out. She’s touted the idea of an “interrupted or incomplete ‘V-shaped’ trajectory,” distorted by risk aversion and restrictions on economic activity, as well as joblessness.Bailey has played down suggestions that the rebound is looking robust, saying it ultimately depends on factors that are difficult to foresee such as how quickly people return to work, how shops and restaurants cope, and the extent of permanent economic damage.Much is still unclear given the lack of a vaccine and flareups of the virus that have put some parts of the country back into partial lockdown.Dissenting votes have been relatively rare in recent years, leading some critics to suggest the BOE has fallen victim to “groupthink.” Since former Governor Mark Carney took control in 2013, less than 40% of meetings had votes against consensus. That compares to more than six in 10 during the tenure of his predecessor Mervyn King.“Haldane has acknowledged that risks are two sided, but ultimately tilted to the downside,” said Sanjay Raja, an economist at Deutsche Bank. “The August meetings could break the silence on policy direction, one way or another. My best guess is that if we get something exciting, it’s likely to be tilted to the dovish end of the spectrum.”Regardless, Raja said, there will be some time “before we get any tangible policy moves via more QE or a rate cut.”Almost all BOE officials have flagged the danger of a jump in unemployment, a particular concern as unprecedented government support starts to unwind from this month.While the furlough program covering 9.5 million jobs has helped keep jobless figures stable, it’s also delaying and clouding what the ultimate hit to the labor market will be.“We’ve got this issue of whether it’s going to be a V or not, which is obviously the debate between Haldane and Tenreyro,” said Nomura’s Buckley. “It’s just an issue of if the recovery continues.”For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GlobeNewswire

    Form 8.5 (EPT/RI) - Columbus Energy Resources Plc

    FORM 8.5 (EPT/RI)PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”)1.         KEY INFORMATION(a) Name of exempt principal trader:Shore Capital Stockbrokers Ltd (b) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offereeColumbus Energy Resources Plc (c) Name of the party to the offer with which exempt principal trader is connected:Bahamas Petroleum Company plc (d) Date dealing undertaken:31 July 2020 (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?Yes 2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER(a)        Purchases and salesClass of relevant securityPurchases/ sales  Total number of securitiesHighest price per unit paid/receivedLowest price per unit paid/received OrdinaryPurchases21,5221.725p1.725p OrdinarySales38,1781.8375p1.8363p (b)        Derivatives transactions (other than options)Class of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit         (c)        Options transactions in respect of existing securities(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExercisingClass of relevant securityProduct description e.g. call optionNumber of securitiesExercise price per unit        (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        The currency of all prices and other monetary amounts should be stated.Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.3.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”   None   (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”   None   Date of disclosure:03/08/2020 Contact name:Molly Adkin Telephone number:020 7647 8154 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • GlobeNewswire

    SimCorp A/S – Share buyback program completed

    Company Announcement no. 36/2020On February 5, 2020 SimCorp A/S announced a share buyback program in compliance with the provisions of Regulation No. 596/2014 of the European Parliament and of the Council on market abuse (the Market Abuse Regulation - MAR) and delegated legislation under MAR.In connection with the program SimCorp A/S will repurchase shares for an amount of up to EUR 10.0m, to be executed during the period from February 5, 2020 to July 31, 2020. The following transactions have been executed under the program:          Date    Number of shares Average purchase price (DKK per share) Amount (DKK) Accumulated under the program as of last announcement: 109,182 658.42 71,887,343 July 27, 2020  900 733.05 659,742 July 28, 2020  900 732.76 659,481 July 29, 2020  550 740.38 407,208 July 30, 2020  550 732.21 402,715 July 31, 2020  572 740.26 423,426 Accumulated under the program following above purchases: 112,654 660.78 74,439,916 Following above purchases, SimCorp holds 858.347 treasury shares corresponding to 2.1% of the share capital.During the period period from February 5, 2020 to July 31, 2020 shares for an amount of EUR 10.0m (approx. DKK 74.4m) have been purchased, and the share buyback program is hereby completed.Enquiries regarding this announcement should be addressed to: Anders Hjort, Head of Investor Relations, SimCorp A/S (+45 3544 8822)Attachment * Share repurchase_03 08 2020

  • Heavy-Duty Trucks Market to Hit USD 430 Bn by 2026; Global Market Insights, Inc.
    PR Newswire

    Heavy-Duty Trucks Market to Hit USD 430 Bn by 2026; Global Market Insights, Inc.

    Global Market Insights, Inc. has recently added a new report on the heavy-duty trucks market which estimates the market valuation for heavy-duty trucks will cross US$ 430 billion by 2026. The growth of the e-commerce sector across the globe will boost industry demand. Large-scale distribution of goods has led to increasing demand for heavy-duty trucks, contributing to the market growth over the forecast period.

  • HSBC Warns Loan Losses May Hit $13 Billion as Profit Halves
    Bloomberg

    HSBC Warns Loan Losses May Hit $13 Billion as Profit Halves

    (Bloomberg) -- HSBC Holdings Plc is speeding up the shakeup of its global business after warning that the economic fallout from the coronavirus pandemic may trigger loan losses of as much as $13 billion this year.The Asia-focused lender missed estimates after reporting first-half profit that halved to $5.6 billion because of higher credit provisions. The bank said it is looking at further measures to boost performance, including investing more in Asia and cutting back in the U.S.“We do need to take costs down, as a result of the revenue pressures” from the coronavirus, said Chief Financial Officer Ewen Stevenson in an interview with Bloomberg Television after HSBC lifted its estimated bad debt charge to the range of $8 billion to $13 billion for the year.The shares were down 5.6% at 10:01 a.m. in London, taking their decline to 46% for the year so far. HSBC has been seeking to pivot away from Europe and the U.S. to expand its business in the fast-growing Chinese market. The lender, which has been singled out by Washington for its backing of Beijing, said it will continue to shift its capital towards Asia, which provided nearly all of its earnings. Chief Executive Officer Noel Quinn said the tensions between “China and the U.S. inevitably create challenging situations for an organization with HSBC’s footprint.”Quinn said HSBC had to accelerate its turnaround plans in light of the pandemic and warned the lender would need to be more radical. The company cut more than a third of its 224 U.S. branch network as it pushes ahead with restructuring plans.Job Cuts“Our operating environment has changed significantly since the start of the year,” said Quinn. “We will also therefore look at what additional actions we need to take,” he said. CFO Stevenson also said more than 4,000 staff had left in the first-half of the year, the first of 35,000 jobs expected to be cut over the next three years.Last month, Quinn told more than 200 of the lender’s most senior managers that they needed to boost returns, people familiar with the matter have said. In a bid to hasten change, Quinn is pushing for more authority to be delegated to regional managers, the people said, requesting anonymity to discuss private talks.The bank said the U.K.’s gloomy economic outlook was responsible for about 40% of the $3.8 billion provision taken in the second quarter. Jefferies said in a note to clients that the “impairment charge has disappointed and management unhelpfully have widened the range” of the estimated hit for the full year.Key impairment figuresImpairment charge of $3.8 billion taken in the second quarterU.K. bank makes up $1.45 billion of second-quarter provisionSecond-quarter charge is 30% higher than first three months of 2020HSBC’s investment bank recorded a 79% gain in its foreign-exchange, rates and credit income division in the second-quarter compared to a year earlier. FICC revenue hit $2.1 billion, the latest results from a global lender that underline the diverging fortunes of trading businesses and domestic economies.The results mark 12 months since HSBC surprised the banking world with the ouster of then CEO John Flint. Flint had fallen out of favor with Chairman Mark Tucker, who then appointed Quinn to replace him as acting CEO, before he was given the job on a permanent basis in March.“One suspects that significant further restructuring announcements lie ahead in the coming quarter,” John Cronin, an analyst at the Dublin-based Goodbody stockbrokers, wrote in a note.(Updates with investment bank’s performance in 10th paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Barrons.com

    Global Stocks Advance on Signs of Economic Recovery

    Global stocks edged higher on Monday amid positive signs on the economic recovery and a flurry of deal news.

  • GlobeNewswire

    Form 8.5 (EPT/RI) - Bahamas Petroleum Company plc

    FORM 8.5 (EPT/RI)PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY Rule 8.5 of the Takeover Code (the “Code”)1.         KEY INFORMATION(a) Name of exempt principal trader:Shore Capital Stockbrokers Ltd (b) Name of offeror/offeree in relation to whose relevant securities this form relates:   Use a separate form for each offeror/offereeBahamas Petroleum Company plc (c) Name of the party to the offer with which exempt principal trader is connected:Bahamas Petroleum Company plc (d) Date dealing undertaken:31 July 2020 (e) Has the EPT previously disclosed, or is it today disclosing, under the Code in respect of any other party to this offer?Yes 2.         DEALINGS BY THE EXEMPT PRINCIPAL TRADER(a)        Purchases and salesClass of relevant securityPurchases/ sales  Total number of securitiesHighest price per unit paid/receivedLowest price per unit paid/received OrdinaryPurchases64,8402.3325p2.325p (b)        Derivatives transactions (other than options)Class of relevant securityProduct description e.g. CFDNature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short positionNumber of reference securitiesPrice per unit         (c)        Options transactions in respect of existing securities(i)         Writing, selling, purchasing or varyingClass of relevant securityProduct description e.g. call optionWriting, purchasing, selling, varying etc.Number of securities to which option relatesExercise price per unitType e.g. American, European etc.Expiry dateOption money paid/ received per unit          (ii)        ExercisingClass of relevant securityProduct description e.g. call optionNumber of securitiesExercise price per unit        (d)        Other dealings (including subscribing for new securities)Class of relevant securityNature of dealing e.g. subscription, conversionDetailsPrice per unit (if applicable)        The currency of all prices and other monetary amounts should be stated.Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.3.         OTHER INFORMATION(a)        Indemnity and other dealing arrangementsDetails of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer: If there are no such agreements, arrangements or understandings, state “none”   None   (b)        Agreements, arrangements or understandings relating to options or derivativesDetails of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to: (i)  the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none”   None   Date of disclosure:03/08/2020 Contact name:Molly Adkin Telephone number:020 7647 8154 Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service and must also be emailed to the Takeover Panel at monitoring@disclosure.org.uk.  The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.

  • Global Gift Card and Incentive Card Market to 2024 - COVID-19 Update Q2, 2020 - ResearchAndMarkets.com
    Business Wire

    Global Gift Card and Incentive Card Market to 2024 - COVID-19 Update Q2, 2020 - ResearchAndMarkets.com

    The "Global Gift Card and Incentive Card Market Intelligence and Future Growth Dynamics (Databook) - Market Size and Forecast (2015-2024) - COVID-19 Update Q2 2020" report has been added to ResearchAndMarkets.com's offering.

  • Buy, sell, repeat! No room for 'hold' in whipsawing markets
    Reuters

    Buy, sell, repeat! No room for 'hold' in whipsawing markets

    Warren Buffett's favourite holding period -- forever -- has few fans these days, with the average length of time shares spend in a portfolio hitting record lows this year as investors surf wild market swings for quick gains. There are different ways of slicing it, but Reuters calculations based on New York stock exchange data show the average holding period for U.S. shares was 5-1/2 months in June, versus 8-1/2 months at end-2019. Rob Almeida, a portfolio manager at asset manager MFS, said for years mom-and-pop punters, commission-free investing and more machine-trading have contributed to the trend.

  • Affective Computing Market Size Worth $192.45 Billion By 2027: Grand View Research, Inc.
    PR Newswire

    Affective Computing Market Size Worth $192.45 Billion By 2027: Grand View Research, Inc.

    The global affective computing market size is expected to reach USD 192.45 billion by 2027, registering a CAGR of 33.0% from 2020 to 2027, according to a new report by Grand View Research, Inc. Affective computing is being used across a myriad of end-use industries to gauge the emotional states of customers and analyze how these emotional states can influence the buying and selling decisions. The increasing rate of crime and terrorism has particularly increased the adoption of affective computing for security and surveillance purposes. The growing popularity of smart devices and wearables among individuals also bodes well for the growth of the market.

  • GlobeNewswire

    Medical Beds Market - Growth, Trends, and Forecast (2020 - 2025)

    From the manually operated beds to the fully electric beds, medical beds ensure the patients comfort along with the advanced features. Moreover, the increased investments in hospital infrastructure by the healthcare providers coupled with the affordability of the patients around the world is anticipated to boost the market growth.New York, Aug. 03, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Medical Beds Market - Growth, Trends, and Forecast (2020 - 2025)" - https://www.reportlinker.com/p05948967/?utm_source=GNW The factors such as growing geriatric population and chronic diseases around the world are expected to fuel the market growth. Global medical beds market is anticipated to grow at CAGR about 5.8% over the forecast period. Moreover, technological advantages, adoption of medical beds coupled with the growing number of hospitals is expected to boost the market growth over the forecast period. However, the high cost of medical beds and a decreasing number of beds in public hospitals anticipated to hamper the market growth. Key Market Trends Manual Beds Are Expected to Witness a Healthy Growth Manual medical beds are the patient beds that use the manual cranks to adjust the bed for the patient comfort. Due to lack of risk of motor failure, lower cost and easy to use mechanisms manual medical beds are anticipated to boost the segment growth over the forecast period. The electric beds segment has anticipated to have a significant growth rate owing to the increased investments on hospital infrastructure and a growing number of organized hospitals around the world. World Health Organization (WHO) estimates that percentage of geriatric population across the globe may increase to 17% of world population by 2050 which was around 8.7% in 2015. Moreover, growing geriatric population and lifestyle diseases that need the medical beds for the improved care and comfort is anticipated to boost the market growth over the forecast period. Based on the end-user, homecare segment is anticipated to have significant market growth owing to the adoption of medical beds homecare settings, growing prevalence of diabetic patients around the globe. North America Expected to have Significant Market Share North America is expected to have significant market share over the forecast period. The market growth is attributed to well-established healthcare infrastructure, growing prevalence of diabetes and the presence of key market players. Furthermore, the growing prevalence of cancer and other chronic diseases in the region are anticipated to fuel the market growth. According to the National Institute for Health, there were 1,762,450 new cancer cases in the United States during 2019. The Asia-Pacific is anticipated to have notable market growth owing to developing healthcare infrastructure coupled with an increasing number of hospitals with advanced hospital supplies in the region. Moreover, the growing burden of the diseases in developing countries and the growing number of hospitalizations are anticipated to boost the market growth furthermore. Competitive Landscape Global medical beds market is fragmented and highly competitive. Market players are focusing on new product launches, product innovations and geographical expansion. The key market players operating in the market include Hill-Rom Services Inc., Stryker Corporation, Invacare Corporation, PARAMOUNT BED CO., LTD. and Medline Industries, Inc. among others. Reasons to Purchase this report: \- The market estimate (ME) sheet in Excel format \- 3 months of analyst support Read the full report: https://www.reportlinker.com/p05948967/?utm_source=GNW About Reportlinker ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place. __________________________ CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001

  • Is There An Opportunity With WH Smith PLC's (LON:SMWH) 23% Undervaluation?
    Simply Wall St.

    Is There An Opportunity With WH Smith PLC's (LON:SMWH) 23% Undervaluation?

    Today we will run through one way of estimating the intrinsic value of WH Smith PLC (LON:SMWH) by estimating the...

  • Let’s Hire Laid-Off Oil and Gas Workers to Fight Climate Change
    Bloomberg

    Let’s Hire Laid-Off Oil and Gas Workers to Fight Climate Change

    (Bloomberg Opinion) -- As Congress debates how to address the economic calamity we are facing, we have an unprecedented opportunity to put people to work addressing the climate crisis — and we should start by hiring laid-off oil and gas workers to help lead the way.The fact is, the U.S. oil and gas sector was in trouble even before the pandemic struck. Last year more than three dozen producers declared bankruptcy, hobbled by declining energy prices and rising debt. The pace of filings has quickened with the spread of the coronavirus, and even after the virus threat subsides — which is unlikely to be anytime soon — cheap renewables will drive more firms under.This turmoil has hurt oil and gas workers — some 100,000 have been laid off this year alone — and communities that depend on fossil fuel extraction are suffering. The bankruptcies have also left scars on the environment, in the form of abandoned oil and gas wells. Some 3 million such sites are scattered across the country, according to the Environmental Protection Agency, and most are leaking copious amounts of methane, a powerful greenhouse gas.But the U.S. could meet both challenges in one stroke — by paying laid-off energy workers to clean up abandoned wells.Plugging a single abandoned well can cut its methane emissions by 99%, according to the EPA, and the work requires skills that oil and gas workers already possess. Yet despite the best efforts of state regulators, most abandoned wells — more than 2 million — remain unplugged. A federal program to plug so-called “orphan” wells could create as many as 120,000 well-paying jobs, while preventing hundreds of thousands of tons of greenhouse gases from escaping into the atmosphere. It’s an idea that appeals to environmental groups, fossil fuel dependent states, and even some fossil-fuel industry leaders.Former vice president Joe Biden has included the idea as part of his green energy campaign platform. I’ve spoken with him about it, and I know how strongly he supports it. It’s a perfect example of how growing the economy and fighting climate change go hand in hand. Joe gets it, and this is the kind of practical policy — that helps hard-hit communities while also protecting the environment — that he would lead as president.However, we need these jobs right now, and the infrastructure stimulus bill passed by the House would create a federal well-plugging program. While it could stand to be more ambitious — it would plug about 60,000 wells, far less than the 500,000 that experts have proposed — it’s a step in the right direction. Its $2 billion price tag should be modest enough to appeal to Republicans, many of whom represent states such as Texas and Oklahoma that would see immediate job benefits.The bill would also make a start on mending the broken system for funding well cleanups. Polluters should be held accountable for cleaning up their own messes. They’re legally required to, and besides, that’s what corporate responsibility is all about. But many try to use bankruptcy to escape their obligations to workers and shift their clean-up responsibilities to taxpayers. The bill that Speaker Nancy Pelosi shepherded through the House would address this, by requiring firms to set aside enough money to retire wells before they drill them. At the moment, states can try to attract business by minimizing that financial requirement, which is how we’ve ended up in this mess. We need a national standard to prevent it from happening again.The House bill is stalled in the Senate. Republicans are skeptical about further stimulus, and the Trump administration isn’t concerned about climate change. But cleaning up abandoned wells helps everybody. It fights climate change, creates jobs and is affordable. Biden is right to push for it, but the idea is too good — and the needs of unemployed gas and oil workers are too urgent — to wait for 2021.Michael R. Bloomberg, the former mayor of New York City and a Global Ambassador for the World Health Organization, is the founder and majority owner of Bloomberg LP, the parent company of Bloomberg News.For more articles like this, please visit us at bloomberg.com/opinionSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • Pappas: Worried about how to pay your Cook County property taxes today? You can stop worrying!
    PR Newswire

    Pappas: Worried about how to pay your Cook County property taxes today? You can stop worrying!

    Pappas: Worried about how to pay your Cook County property taxes today. 3, 2020Pay without late fees through October 1CHICAGO, Aug.

  • PR Newswire

    Flowhaven Opens London Office, Announces 2020 Momentum

    Leading licensing relationship management technology platform, Flowhaven, has announced a new office in London and the expansion of its U.K. client roster. The new office brings Flowhaven closer to its clients in the region and is the latest achievement in a year of rapid company growth.

  • T-Systems' Ciara Mullan discusses digital transformation in challenging times || Technology Magazine
    PR Newswire

    T-Systems' Ciara Mullan discusses digital transformation in challenging times || Technology Magazine

    BizClik Media announced today the launch of the August edition of Technology magazine.

  • Motorola Solutions Launches a New Device Specially Designed for Small and Medium Businesses in Sub Saharan Africa
    Business Wire

    Motorola Solutions Launches a New Device Specially Designed for Small and Medium Businesses in Sub Saharan Africa

    Global leader in mission-critical communications, Motorola Solutions (NYSE: MSI), launches a new two-way radio device specially designed for small and medium businesses in Sub Saharan Africa. The MOTOTRBO™ DP540 two-way radio is built for cost-conscious businesses looking to transition to digital technology for reliable and efficient communications.

  • GlobeNewswire

    A Case Management Conference Has Been Scheduled for August 7, 2020 in Voip-Pal’s Patent Infringement Lawsuits in the United States District Court for the Western District of Texas Waco Division

    A Markman Hearing is tentatively scheduled for January 2021BELLEVUE, Wash., Aug. 03, 2020 (GLOBE NEWSWIRE) -- Voip-Pal.com Inc. (“Voip-Pal”, “Company”) (OTCQB: VPLM) is pleased to announce a Case Management Conference (CMC) has been scheduled for August 7, 2020, at 9:00 A.M. in the Company’s patent infringement lawsuits in the U.S. District Court for the Western District of Texas, Waco Division against the following defendants: * Facebook Inc. and WhatsApp Inc.; Civil Action No. 20-cv-267 * Google LLC; Civil Action No. 20-cv-269 * Amazon.com Inc. et al.; Civil Action No. 20-cv-272 * Apple Inc.; Civil Action No. 20-cv-275 * Verizon Communications, Inc. et al.; 6:20-cv-00327  * AT&T Corp. et al.; 6:20-cv-00325 The court also provided the parties with a default schedule of proceedings. Although subject to change, as per the current schedule a Markman Hearing is set to take place 24 weeks after CMC (or as soon as practicable) and trial would begin one year after the Markman Hearing.Emil Malak, CEO of Voip-Pal, stated, “We are pleased to have our cases get underway in the Western District of Texas. Our patent portfolio is very strong, and we are anxious to have our patents judged in court by their technical merits.”“I realize our shareholders have been anxious for news updates since we filed these lawsuits in April, and we appreciate their patience during this time. We hope to provide regular updates as our cases move through the legal process. We will continue to assert our intellectual property rights and we will do what is necessary to protect them. Patience is a virtue.”About Voip-Pal.com Inc. Voip-Pal.Com, Inc. (“Voip-Pal”) is a publicly traded corporation (OTCQB: VPLM) headquartered in Bellevue, Washington. The Company owns a portfolio of patents relating to Voice-over-Internet Protocol (“VoIP”) technology that it is currently looking to monetize. Any forecast of future financial performance is a “forward looking statement” under securities laws. Such statements are included to allow potential investors the opportunity to understand management’s beliefs and opinions with respect to the future so that they may use such beliefs and opinions as one factor among many in evaluating an investment. While the Company believes in the circumstances that legal action is needed to monetize its patents, patent litigation involves various risks and uncertainties that could affect its ability to monetize the patents. We recognize that it is impossible to predict the specific outcomes of litigation.Corporate Website:www.voip-pal.com    IR inquiries:IR@voip-pal.com IR Contact: Rich Inza (954) 495-4600

  • ‘Wrong!’ Trump and Fauci clash over surge in coronavirus cases, handling of economic shutdown — and hydroxychloroquine
    MarketWatch

    ‘Wrong!’ Trump and Fauci clash over surge in coronavirus cases, handling of economic shutdown — and hydroxychloroquine

    Anthony Fauci said the U.S. made mistakes in efforts stop the transmission of coronavirus, but President Trump gave another reason for the rise in cases.

  • Barrons.com

    Core Household Spending Grows 21% in Massive Recovery, and Two More Numbers to Know

    Core household consumption spending is on the rise, but remains 9% below February levels. The Nasdaq is up 3045 points over the past four months. And 2.7 million mortgage forbearance payments are set to expire in September, setting the stage for a potential crisis.

  • PR Newswire

    Business Reporter: How a park in the sky is giving Hong Kong a reason to look up when it comes to sustainable living

    As cities expand, they tend to get less healthy to live in, and the benefits of better food, cleaner air and healthy green space come into focus. And in Hong Kong, home to more than 7.5 million people and where real estate is at a premium, a new green space has sprung up in the unlikeliest of places.

  • Appointment of Daniel Stander Underscores Agritask's Commitment to Securing Global Food Systems with Agricultural Insurance Solutions
    PR Newswire

    Appointment of Daniel Stander Underscores Agritask's Commitment to Securing Global Food Systems with Agricultural Insurance Solutions

    More than 60% of the world's population depends on agriculture for its survival. In the Unites States alone, agriculture and related industries contribute over $1 trillion to GDP. Yet, as one of the slowest sectors to adopt new technologies, the entire food system is being impacted by the COVID-19 pandemic and the climate crisis. Today, Agritask, a global leader in precision agronomics, emphasized its commitment to the role of insurance solutions in catalysing the agricultural sector's resilience to acute shocks and chronic stresses. To better address the challenges of food security, Agritask has appointed Daniel Stander, a global pioneer in decision science and resilience finance, as senior advisor to its leadership team. The appointment demonstrates Agritask's intent to further expand its value to the agricultural supply chain with risk-informed, data-driven, decision-useful insights.

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