North America Biopsy Procedures Market Outlook Report 2020-2025: Breakdown by Breast Biopsy Procedures, Colorectal Biopsy Procedures, Leukemia Biopsy Procedures and Others

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Georgie Love shares why it's important to be watching MAFS
Georgia Love has revealed why she hopes people are watching MAFS this year and having conversations around what's happening onscreen.
7 minutes ago
Bloomberg
World’s Top Pension Fund Treads Water as ESG Picks Up Pace
(Bloomberg) -- After taking over the helm of the world’s biggest pension fund in 2015, Hiromichi Mizuno helped chart a course that not just made sustainable investing big in Japan, but also raised the strategy’s global profile.The Government Pension Investment Fund’s former chief investment officer sidestepped public bemusement and criticism at home, as he sought to turn GPIF into a fund that -- as one Harvard Business Review article put it -- tried to “change the world” through its approach to environmental, social and governance investing.But at a time when the pandemic has accelerated the global push toward ESG themes, the $1.63 trillion-fund seems to be mostly treading water. While its peers around the world have cut fossil-fuel investments and threatened to pull funds from firms that fail to meet ethical standards, the GPIF, constrained by stricter legal restraints, has largely been quiet on impact investing since Mizuno was succeeded in April 2020 by the more reclusive Eiji Ueda.“The GPIF doesn’t have a mandate to pursue ESG investing in the face of lower returns,” said Takatoshi Ito, a professor at Columbia University’s School of International and Public Affairs who headed a government panel to reform the fund. “It’s difficult to balance with the fund’s fiduciary duty.”The GPIF’s overriding principle is legally mandated gains -- the fund is required above all else to pursue a real investment return of 1.7%. With Japan’s massive working generation retiring in droves and not being replaced, pensions are a more sensitive subject than climate change, and despite the fund’s long-term returns, questions are asked whenever it posts a quarterly loss.Some rules also prevent the GPIF from taking a more hands-on approach to governance: it can’t legally hold direct stakes in companies, or vote at shareholder meetings, and it outsources investments to asset managers.The hands-off approach stands in contrast to Norway’s wealth fund, which blacklisted Glencore Plc and other firms, and put Japan’s own Kirin Holdings Co. on watch due to ties to Myanmar. Two of Finland’s largest pension funds plan to make their portfolios carbon neutral over the next decade and a half.“Under current legislation, we can’t sacrifice returns for the sake of buying environmental names or ESG names,” Kenji Shiomura, senior director of the fund’s investment strategy department, who oversees selection of ESG indices, told Bloomberg News in an interview.Japan-focused ESG funds returned 5.2% on average this year, according to data compiled by Bloomberg, underperforming the 8.6% return of the benchmark Topix index. Fiduciary MonsterMizuno once called fiduciary duty the “monster in the room,” arguing that failing to integrate ESG factors ran contrary to the duty for clients with long-term investing horizons. The fund’s investing principles say it promotes incorporating ESG factors into the investment process but only in addition to financial factors.At the same time, GPIF is coming up against other hurdles that prevent it from keeping pace with other pension funds -- from the lack of a unified scoring method for sustainable investing to legal restraints that handcuff its ability to change companies’ behavior.“I acknowledge that we need to produce results by dealing with ESG investment over the long term,” said Hirohide Yamaguchi, the newly-appointed chairman of the GPIF board of governors, which oversees the fund.‘Gone Quiet’The GPIF had about 5.7 trillion yen ($52 billion) invested in five ESG equity indices as of March 2020, the most recent date for which information is available. Last December, it added two more for overseas equities, with 1.3 trillion yen invested against them, and has formed a number of partnerships globally to promote green bonds. But that’s still less than 5% of its assets, and how the funds are allocated is opaque.“To say we’ll invest 10 or 20 trillion yen in ESG is not the most appropriate for our goals. We’re not driven by a numerical target,” GPIF’s Shiomura said. “When you consider those factors, we can’t give a set amount or percentage of ESG investing we will do.”Masaaki Kanno, chief economist at Sony Financial Holdings Inc. and another former member of the expert panel to reform the fund, said there needs to be more disclosure.“It’s laudable that the pension fund promoted ESG so early on,” he said. “But it needs to do a better job of explaining the relationship between returns and ESG to the wider public.”Unlike the outspoken Mizuno, who now shares his views on ESG investing and other subjects on his increasingly prolific Twitter account, his successor Ueda prefers to operate from the background. He has yet to give a media appearance in more than a year overseeing the fund, with President Masataka Miyazono deflecting questions in January by saying he, not Ueda, would be the one to face the public. He declined to give the size of GPIF’s ESG investments, citing the potential impact on the market.“The fund’s ability to communicate externally has gone quiet,” said Tamami Ota, a researcher at Daiwa Institute of Research Ltd. “Mizuno was a skilled communicator.”(Updates with data on ESG returns in the ninth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
9 minutes ago
GlobeNewswire
CLASS ACTION ALERT: Kessler Topaz Meltzer & Check, LLP Announces Class Action Lawsuit Has Been Filed Against Root, Inc.
RADNOR, Pa., April 12, 2021 (GLOBE NEWSWIRE) -- The law firm of Kessler Topaz Meltzer & Check, LLP announces that a securities fraud class action lawsuit has been filed in the United States District Court for the Southern District of Ohio against Root, Inc. (NASDAQ: ROOT) (“Root”) on behalf of those who purchased or acquired: (a) Root securities between October 28, 2020 and March 8, 2021, both dates inclusive (the “Class Period”); and/or (b) Root Class A common stock issued in connection with Root’s initial public offering conducted on or about October 28, 2020 (the “IPO”). Investor Deadline Reminder: Investors who purchased or acquired Root securities during the Class Period may, no later than May 18, 2021, seek to be appointed as a lead plaintiff representative of the class. For additional information or to learn how to participate in this litigation please contact Kessler Topaz Meltzer & Check, LLP: James Maro, Esq. (484) 270-1453 or Adrienne Bell, Esq. (484) 270-1435; toll free at (844) 887-9500; via e-mail at info@ktmc.com; or click https://www.ktmc.com/root-inc-class-action-lawsuit?utm_source=PR&utm_medium=link&utm_campaign=root Root provides insurance products and services in the United States. Root has historically focused on auto insurance and operates a direct-to-consumer model that serves customers primarily through mobile applications, as well as through Root’s website. Leading up to and following the IPO, Root described itself as an innovator in the personal insurance space with a new data- and technology-driven business model that was ready to disrupt traditional insurance markets and capture disproportionate market share, in part because of Root’s telematics-driven approach to insurance—i.e., the collection and transmission of vehicle-use data through devices. On October 28, 2020, Root conducted the IPO, selling 26.8 million shares of its Class A common stock to the public at $27.00 per share for total approximate proceeds of $724.43 million. On October 29, 2020, Root filed a prospectus on a Form 424B4 with the U.S. Securities and Exchange Commission in connection with the IPO, which incorporated and formed part of the Registration Statement (the “Prospectus” and, together with the Registration Statement, the “Offering Documents”). Throughout the Class Period, the defendants misrepresented Root’s cash flow needs and auto-insurance business prospects. The complaint alleges that the Offering Documents and the defendants made false and/or misleading statements and/or failed to disclose that: (i) Root would foreseeably fail to generate positive cash flow for at least several years following the IPO; (ii) accordingly, Root would foreseeably require significant cash infusions to meet its cash flow needs; (iii) notwithstanding the defendants’ touting of Root’s purportedly unique, data-driven advantages, several of Root’s established industry peers in fact possessed significant competitive advantages over Root with respect to, inter alia, telematics data and data engagement; and (iv) as a result, the Offering Documents and the defendants’ public statements throughout the Class Period were materially false and/or misleading and failed to state information required to be stated therein. Root investors may, no later than May 18, 2021, seek to be appointed as a lead plaintiff representative of the class through Kessler Topaz Meltzer & Check, LLP, or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not affected by the decision of whether or not to serve as a lead plaintiff. Kessler Topaz Meltzer & Check, LLP prosecutes class actions in state and federal courts throughout the country involving securities fraud, breaches of fiduciary duties and other violations of state and federal law. Kessler Topaz Meltzer & Check, LLP is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check, LLP. For more information about Kessler Topaz Meltzer & Check, LLP please visit www.ktmc.com. CONTACT: Kessler Topaz Meltzer & Check, LLPJames Maro, Jr., Esq.Adrienne Bell, Esq.280 King of Prussia RoadRadnor, PA 19087(844) 887-9500 (toll free)info@ktmc.com
9 minutes ago
Reuters
Japan begins COVID-19 shots for over 65s as fourth infection wave looms
Japan began COVID-19 vaccinations for its sizable elderly population on Monday, with imported doses still in short supply and the pace unlikely to stop a fourth wave of infection. Shots for people aged 65 and above began at some 120 sites across the country, using Pfizer Inc's vaccine made in Europe and delivered to the regions in the past week. Just 2,810 people in Tokyo are expected to get a shot from the first batch, while most regions will receive 1,000 doses or fewer, according to a health ministry schedule.
11 minutes ago
Bloomberg
Asia Stocks Dip With U.S. Futures; Dollar Edges Up: Markets Wrap
(Bloomberg) -- Asian stocks slipped Monday as investors weighed an uneven global recovery from the pandemic against the latest upbeat economic assessment from Federal Reserve Chair Jerome Powell. The dollar ticked up.Shares in China and Hong Kong underperformed, even as Alibaba Group Holding Ltd. rallied after the imposition of a record antitrust fine removed a regulatory overhang. U.S. equity futures retreated following a third straight week of gains for the S&P 500 Index, with investors bracing for earnings reports this week. European contracts were marginally in the red.The yield on 10-year Treasuries held Friday’s advance on stronger-than-expected producer-price inflation data and ahead of a heavy week of supply.China Led The Recovery Trade; Now Almost Everyone Is CautiousWhile the U.S. recovery is accelerating, risks from rising Covid-19 cases and lagging vaccination levels elsewhere persist. Traders are also concerned that exceptional government spending and central-bank stimulus could drive excessive inflation. U.S. consumer-price data are due Tuesday.The U.S. economy is at an “inflection point” with stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support, Powell told CBS’s 60 Minutes in an interview aired Sunday. He said any rebound in inflation will be temporary.“The big thing markets are trying to price currently is what does the world look like with another period of U.S. economic outperformance,” said Kyle Rodda, analyst at IG Markets Ltd. “Europe can’t get its economic or health affairs in order, China doesn’t look like it wants to run its economy too hot.”Bond investors will be watching this next round of U.S. government auctions as a potential catalyst for another leg higher in yields. The U.S. sells three-, 10- and 30-year Treasuries at the start of the week.Oil was steady in Asian trading and Bitcoin was at about $60,000, not far from its all-time high. The forthcoming listing of cryptocurrency exchange Coinbase Global Inc. in the U.S. has put the spotlight back on the digital-token sector.Some key events to watch this week:Banks and financial firms begin reporting first-quarter earnings, including JPMorgan Chase & Co., Citigroup Inc., Bank of America Corp., Morgan Stanley, Goldman Sachs Group Inc.U.S. officials and company executives are due to discuss the global shortage of computer chips on Monday.The U.S. releases inflation data Tuesday.Chinese trade data are scheduled for Tuesday.Economic Club of Washington hosts Fed Chair Jerome Powell for a moderated Q&A on Wednesday.U.S. Federal Reserve releases Beige Book on Wednesday.U.S. data including initial jobless claims, industrial production and retail sales come Thursday.China economic growth, industrial production and retail sales figures are on Friday.These are some of the main moves in financial markets:StocksS&P 500 futures dipped 0.3% as of 1:09 p.m. in Tokyo. The index rose 0.8% on Friday.Japan’s Topix Index fell 0.1%.China’s Shanghai Composite fell 0.8%.Hong Kong’s Hang Seng dropped 1%.South Korea’s Kospi Index added 0.1%.Australia’s S&P/ASX 200 slipped 0.5%.CurrenciesThe Bloomberg Dollar Spot Index edged up 0.1%.The yen was up 0.1% at 109.55 per dollar.The euro slipped 0.1% to $1.1893.The offshore yuan was at 6.5590 per dollar.BondsThe yield on 10-year Treasuries steadied at about 1.65%.Australia’s 10-year yield held at about 1.76%.CommoditiesWest Texas Intermediate crude was at $59.36 a barrel.Gold was down 0.3% at $1,738.89 an ounce.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
14 minutes ago
Australian Associated Press
Test bowling trio in NSW squad for final
NSW have included Test bowlers Josh Hazlewood, Mitchell Starc and Nathan Lyon in an enlarged 15-man squad for the Sheffield Shield final against Queensland.The Blues will be without Steve Smith, David Warner, Pat Cummins, Moises Henriques and Adam Zampa for the final in Brisbane starting on Thursday.
18 minutes ago
Australian Associated Press
Qantas workers, TWU in outsource battle
Qantas had long been planning to outsource its ground workers before the airline moved to combat the COVID-19 fallout, the Transport Workers Union has argued.Some 2500 jobs held by baggage handlers, ramp workers, and cabin cleaners across 10 airports including Sydney and Melbourne have been outsourced to sub-contractors.
22 minutes ago
Australian Associated Press
Floyd prosecution case nears end
The trial of a Minneapolis police officer charged with George Floyd 's death is entering its third week.The state is nearing the end of a case built on searing witness accounts, official rejections of the neck restraint and expert testimony attributing Floyd's death to a lack of oxygen.
23 minutes ago
Bloomberg
Oil Steady Near $59 as Fed’s Powell Points to Economic Growth
(Bloomberg) -- Oil was steady in Asian trading after Federal Reserve Chair Jerome Powell said the U.S. economy was poised for stronger growth, while cautioning that Covid-19 still remains a threat.Futures in New York traded near $59 a barrel after dropping 3.5% last week. The economy is at an “inflection point” with stronger growth and hiring ahead thanks to rising vaccinations and powerful policy support, Powell said in an interview with CBS’s “60 Minutes,” adding that the key risk was a spreading virus. That’s been highlighted in other regions including parts of Europe, while a second wave in India is overwhelming the health system.Oil’s robust start to the year faltered in mid-March as a resurgence of Covid-19 and renewed restrictions in some regions raised concerns about the outlook for near term fuel demand. The market is also facing rising supply after the OPEC+ alliance agreed to add more barrels from May, although Saudi Arabia’s energy minister said the decision to boost output was the right move.Iran is also a wildcard for the market. Talks between the OPEC producer and world powers on resuscitating a 2015 nuclear accord are set to continue this week after an initial round of discussions, described by a senior U.S. official as a good first step but still short of what’s necessary for a revival of the deal.“While rising virus cases will have an impact, the vaccination drive is progressing really well,” said Howie Lee, an economist at Oversea-Chinese Banking Corp. in Singapore. “I think markets will overlook the short-term weakness and focus on the longer-term. Demand will go up for sure.”The prompt timespread for Brent was 44 cents a barrel in backwardation -- a bullish market structure where near-dated contracts are more expensive than later-dated ones -- compared with 32 cents a week earlier.See also: There’s a Lot of Unused Oil Stored Around the World: Julian LeeFed officials have repeatedly stressed that the U.S. economy continues to need aggressive monetary policy support as it recovers from the pandemic, even as the outlook brightens amid widening vaccinations. In the U.K., some scientists are saying the country could achieve so-called herd immunity as soon as Monday, moving on from the worst of the outbreak.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
25 minutes ago
Reuters
HSBC and Huawei CFO reach agreement on document publication linked to extradition case
HSBC and Huawei Technologies' Chief Financial Officer Meng Wanzhou have reached an agreement in a dispute about the publication of documents relating to U.S. fraud allegations against her, their lawyers told a Hong Kong court. The legal dispute reached the Hong Kong court last month after a British judge in February blocked the release of internal HSBC documents relating to the fraud allegations against Meng.
27 minutes ago
Business Wire
Milken Institute and Baszucki Brain Research Fund Launch New Funding Program for Bipolar Disorder Research
The Milken Institute’s Center for Strategic Philanthropy and the Baszucki Brain Research Fund today announced the launch of a dedicated grant program aimed at advancing therapeutic discovery for bipolar disorder (BD). The goal is to fund research with the potential to improve treatment options for affected individuals.
32 minutes ago
Business Wire
HEC Pharm Selects ABEC Large-Scale Fermenters to Increase Biopharmaceutical Production Capacity
ABEC large-scale stainless-steel fermentation solutions to enhance HEC Pharm’s manufacturing productivity and flexibility.
32 minutes ago
Bloomberg
China Led The Recovery Trade; Now Almost Everyone Is Cautious
(Bloomberg) -- No matter the asset class, the outlook is turning bleak for China’s financial markets.The nation’s stocks, bonds and currency are losing their shine after an impressive start to the year, overshadowed by a stronger dollar, higher U.S. Treasury yields and a domestic campaign to cut financial risk.The nation’s benchmark stock index remains 13% below a 13-year high in early February, following a brutal selloff that wiped out more than $1.3 trillion in market value. The yuan just suffered its worst month in a year in March, erasing all its 2021 gains against the greenback. Chinese sovereign bonds, a sanctuary during the recent global rout, saw foreign investors lower their holdings last month for the first time in more than two years.The sharp reversal of fortunes came as confidence grew in a strong U.S. economic recovery that is reclaiming the allure of dollar assets around the world. The latest underperformance of Chinese markets also resulted from Beijing’s decision to resume a battle on debt that was interrupted by the trade war with Washington and the pandemic.Concerns about inflation and tighter monetary conditions mean appetite for Chinese shares will likely remain subdued, while the country’s government debt market faces the test of a supply glut later this year, investors and analysts say. The yuan could weaken further as the dollar extends its global resurgence.“China’s bull run is being tested,” said Adrian Zuercher, head of global asset allocation of UBS Chief Investment Office. “Volatility will stay elevated in the near term.”Subdued TradingAfter delivering a world-beating rally earlier in the year, Chinese shares have reversed course since February, when it became increasingly clear that policymakers were shifting their priority to taming asset bubbles and reducing financial leverage.The broader de-risking campaign also includes a crackdown on the country’s internet and fintech giants. In the latest of such moves, the authorities slapped a record $2.8 billion fine on Alibaba Group Holding Ltd. over the weekend after an anti-monopoly probe found it abused its market dominance.While the penalty triggered a relief rally of as much as 9% in Alibaba’s shares in Hong Kong, those of its peers including Tencent, JD.com and Baidu fell by at least 2.7% amid concerns that they could be among the next targets of Beijing’s clampdown. The onshore benchmark CSI 300 Index fell 1.4% at Monday’s midday break, bringing its year-to-date loss to 4.7% and down 14.5% from a peak in February.The world’s second-largest stock market is $838 billion smaller than at its February peak and trading interest has been waning. Daily average turnover on China’s two stock exchanges was 670 billion yuan ($102 billion) so far this month, the lowest since May, according to data compiled by Bloomberg.UBS’ Zuercher said he expects rising Treasury yields to be a major source of near-term volatility in China’s equity market, as it will continue to exert pressure on valuations of the country’s growth stocks and trigger rotation.Echoing the view, Herald van Der Linde, HSBC Holdings Plc’s head of Asia Pacific equity strategy, said there remains downside risk to Asian equities in the near term and “China is no exception”.Domestically, a central bank unwilling to keep funding conditions too loose, a contrast to its peers in other major economies, has also disappointed stock investors. Apart from its deleveraging campaign, signs of inflationary pressures, as shown in March’s consensus-beating 4.4% jump in China’s producer prices, could prompt Beijing to further dial back its pandemic-induced economic stimulus.“We believe monetary policy might be tightened,” Hanfeng Wang, a strategist at China International Capital Corp., wrote in a note this week, adding that investors should pay attention to policy signals from the next meeting of the Politburo, the Communist Party’s top decision-making body.Bonds PressuredWhile Chinese government bonds outpaced their competitors in the first quarter as their haven status helped them stand out as a bulwark amid the global slump, they are facing a host of challenges in the coming months.In addition to a longer-than-expected phase-in period for the inclusion in FTSE Russell’s World Government Bond Index, a surge in bond supply from local governments and a narrowing China-U.S. yield gap also threaten to reduce the appeal of Chinese debt.Now at 3.21%, yields on China’s benchmark 10-year sovereign notes are expected to rise to 3.5% by the end of this quarter, according to Becky Liu, head of China macro strategy at Standard Chartered Plc.As China’s yield premium over Treasuries thinned, global investors last month trimmed their holdings of Chinese government debt for the first time since February 2019, a trend that is expected to continue for some time. The yield gap fell to 144.8 basis points on March 31, the narrowest since Feb. 24, 2020 when it was 144.2 basis points.Weaker YuanThe dollar’s renewed strength, the tighter yield gap, as well as Beijing’s latest move to boost capital outflows also have prompted analysts, including ING’s, to lower their forecasts on the Chinese currency.After rising nearly 7% against the dollar last year and reaping further gains earlier this year, the yuan suffered its worst selloff in a year last month, arresting a steady advance since May.Read: Yuan Erases Year’s Gains Against Dollar as PBOC Steps AsideAlso weighing on the yuan is the slowing speed of capital inflows: Cross-border currency flows tracked by Goldman Sachs totaled $1.5 billion in the week ended on April 7, compared with about $3 billion in the previous week.“It’s about how views on the U.S. dollar have changed rapidly,” said Zhou Hao, an economist from Commerzbank AG. “People believe the U.S. economy will recover strongly in the next two years and that’s what stocks and bonds have been pricing in.”Zhou said he expects the yuan to weaken to 6.83 per dollar by the end of this year, from around 6.56 Friday.(Updates with performance of broader stock market and tech shares in the ninth and 10th paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
33 minutes ago
Australian Associated Press
Dufty takes away the risk factor at No.1
Matt Dufty says he's made a conscious effort to get the low-percentage plays out of his game in a bid to become a far more consistent fullback.Dufty was the star of St George Illawarra's 26-10 win over Parramatta on Sunday night, putting the Dragons inside the top four with their fourth straight win.
33 minutes ago
Business Wire
World First From Unicontrol: Bespoke 3D Machine Control for Backhoe Operation
World first from Unicontrol: bespoke 3D machine control for backhoe operation
33 minutes ago
GlobeNewswire
ADOPTION OF RESOLUTIONS OF THE GENERAL MEETING OF SHAREHOLDERS OF AS TALLINNA SADAM WITHOUT CONVENING THE MEETING
Dear shareholder! The Management Board of AS Tallinna Sadam, registry code 10137319, address Sadama 25, 15051 Tallinn (hereinafter: Tallinna Sadam), proposes to the shareholders to adopt resolutions of the shareholders without convening a meeting pursuant to § 2991 of the Commercial Code. The proposal to adopt resolutions without convening a general meeting of shareholders is due to the restrictions on organizing meetings in Estonia arising from the COVID-19 pandemic. In order to provide information on the issues to be decided, Tallinna Sadam will organize a webinar on 18.05.2021 at 13:00 am (EET), where Aare Tark, chairman of the supervisory board of Tallinna Sadam; Valdo Kalm, chairman of the management board and Marko Raid, member of the management board / CFO will present an overview of the year 2020, introduce the draft resolutions of the shareholders and answer questions. Anyone can take part in the webinar via Tallinna Sadam youtube channel. Questions to the webinar can be submitted by sending them in advance to the e-mail investor@ts.ee until the beginning of the webinar or in writing through the application during the webinar. The webinar will be held in Estonian with simultaneous translation into English. The list of shareholders entitled to vote for shareholders' resolutions will be fixed on 17.05.2021 at the end of the business day of the Nasdaq CSD settlement system. As of the date of publication of this notice, the share capital of Tallinna Sadam is 263,000,000 euros. AS Tallinna Sadam has 263,000,000 ordinary shares, each share giving 1 (one) vote at the voting of the decisions. Resolutions of the shareholders can be voted in the period from 18.05.2021 to 24.05.2021 (inclusive). If a shareholder abstains, he / she shall be deemed to have voted against. A shareholder has two options for giving his/her vote: By e-mail to investor@ts.ee during the voting period, by sending a digitally signed or signed on paper and scanned voting ballot filled in by the voting shareholder or his / her authorized representative to investor@ts.ee.By submitting or sending a filled voting ballot signed by hand by the voting shareholder or his / her authorized representative by mail to the head office of Tallinna Sadam at Sadama 25, 15051 Tallinn so that it arrives no later than 24.05.2021 at 16.00 (EET). In order to enable the identification of a shareholder, the voting ballot sent by e-mail must be digitally signed. When sending a paper-signed and scanned voting ballot by e-mail or sending a paper-signed voting ballot by post, a copy of the personal data page (incl. document validity date) of the shareholder's or his / her representative's identity document (e.g. passport or ID card) must be sent with the voting ballot. The shareholder's representative must also forward a valid power of attorney in Estonian or English in a form that can be reproduced in writing. The shareholder may use a power of attorney form, which is available on Tallinna Sadam website https://www.ts.ee/en/investor/agm/ . If the shareholder is a legal entity registered in a foreign country, please forward a copy of the extract from the relevant foreign commercial register, which shows the right of the representative to represent the shareholder (legal authorization). The statement must be in English or translated into Estonian or English by a sworn translator or an official equivalent to a sworn translator. The proposals of the Management Board for the adoption of resolutions by the shareholders are as follows: 1. Approval of the Annual Report 20201.1. To approve the Annual Report 2020 of AS Tallinna Sadam, as presented to the general meeting. 2. Profit allocation2.1. To approve the net profit of the financial year of 2020 in the amount of 28,518,457 euros and the retained earnings (including 2020 profit) of 47,794,087 euros.2.2. Transfer to statutory capital reserve 1,008,654 euros.2.3. To pay dividends to the shareholders 0.077 euros per share, in the total amount of 20,251,000 euros. The list of shareholders entitled to receive dividends will be established as at 03.06.2021 at the end of the business day of the settlement system. Consequently, the day of change of the rights related to the shares (ex-dividend date) is set to 02.06.2021. From that day the person acquiring the shares will not have the right to receive dividends for the financial year 2020. Dividends shall be disbursed to the shareholders on 10.06.2021. 3. Appointment of the auditor In the procurement of audit services organized in 2018 (public procurement 196191), offers were invited for three years with the possibility to extend the contract for the next two years. The tender was won by KPMG Baltics OÜ, with which a contract was signed for 2018-2020. The proposal of the supervisory board of AS Tallinna Sadam is to extend the agreement and continue cooperation with KPMG Baltics OÜ. 3.1. To appoint the company of auditors KPMG Baltics OÜ to conduct the audit of AS Tallinna Sadam for the financial years 2021 and 2022 and to remunerate the company of auditors in accordance with the offer made by the company of auditors in the public procurement carried out in 2018 (public procurement 196191). The materials related to the draft resolutions of the shareholders (including annual report and auditors’ report) and the draft resolutions can be found and the voting ballot can be downloaded from the Tallinna Sadam web page https://www.ts.ee/en/investor/agm/. Questions related to the draft resolutions of the shareholders can be sent by e-mail to investor@ts.ee. The resolutions adopted by the shareholders will be published as a stock exchange announcement and on the website of Tallinna Sadam no later than 31.05.2021 pursuant to § 2991 (6) of the Commercial Code. Yours sincerely The Management Board of AS Tallinna Sadam Attachments Procedure for voting 2021 ENG Hääletussedel 2021, voting ballot EST, ENG Authorisation form ENG Supervisory Board report 2021 ENG Nomination Committee report 2020-2021 ENG
33 minutes ago
GlobeNewswire
CanadianSME Small Business Foundation announces the launch of UPS Small Business of the Day Campaign.
In collaboration with the Exclusive Title Sponsor, UPS, CanadianSME Small Business Foundation is promoting Small Businesses from across Canada on a daily basis on their social media platforms.MISSISSAUGA, Ontario, April 12, 2021 (GLOBE NEWSWIRE) -- CanadianSME today announced a new campaign that is intended to help small business owners in every way possible in association with their corporate partner UPS. It's no surprise that small businesses are the ones that were most impacted by the pandemic. While the government has provided Canadian small businesses with resources and funding to help them during these challenging times, it’s still not enough for them to keep their business running successfully. That is the reason why it’s now more important than ever to help Canadian SME owners and provide them with resources and funding so that they can come out successful on the other side of the pandemic. “No doubt the Canadian economy will experience a massive hit. We will recover. How long that will take depends on how we come together, collaborate and face the challenges that lie ahead,” said SK, Founder, CanadianSME. “Moving forward will require the coming together of ideation, direction, investment of time, capital and sweat equity. We believe, “Together, Moving Forward.” The new collaboration with UPS is designed to promote small businesses on a daily basis through all their social media platforms. This will be done on a purely non-profit initiative meaning that it will not cost small business owners, and it is a call to action to most effectively promote their business. The Small Business Foundation will present the “UPS Small Business of the Day” initiative, where CanadianSME will select a small business on a day-to-day basis and create a short video clip promoting the company’s products and services. This video will be posted on their leading social media platforms such as Instagram, Facebook, Twitter and LinkedIn. Because the partnership’s aim is to make the videos versatile, relatable, and memorable it is believed that it is the best way to reach a varied audience. “We are proud to be involved in this very important initiative,” said Paul Gaspar, director of small business for UPS Canada. “Whether it’s promoting their business, lowering their costs or helping them improve their ecommerce logistics, all of us need to continue to support our Canadian entrepreneurs.” For further information about the foundation and how to apply to be featured as the UPS Small Business of the Day, please visit https://www.smefoundation.ca/ This initiative is part of CanadianSME Small Business Foundation. Launched by CanadianSME Small Business Magazine, the CanadianSME Small Business Foundation is a non-profit organization designed to empower Canadian small businesses across the country. CanadianSME believes that its purpose of helping Small Businesses survive and thrive is core to its identity as an organization and it can only be achieved when everyone has an equitable opportunity to achieve their fullest potential. Learn more about CanadianSME at https://www.smemagazine.ca/ About CanadianSME A national publication with a big vision. CanadianSME signifies the empowerment of Canadian SMEs and aims to pursue this mission with the launch of CanadianSME Business Magazine to equip SMEs with expert knowledge and insights from industry leaders. CanadianSME business magazine incorporates compelling content and provides shelter to the business needs of small and medium scale enterprises. CanadianSME Business Magazine was created through the passion and admiration for entrepreneurs. With SMEs playing such a crucial role in Canada’s business industry and contributing greatly to the economy, CanadianSME was built to provide a much-needed support system for hard-working business owners. See how at https://www.canadiansme.ca/ About UPS UPS, the world's largest package delivery company took its first steps north and entered the Canadian market on February 28, 1975. Over the past four decades, UPS in Canada has expanded to approximately 12,000 employees serving Canada from coast-to-coast. Headquartered in Mississauga, Ontario, UPS Canada operates a delivery fleet of over 3,000 (package cars, tractors, trailers and shifters) of which more than 41% run on alternative fuels. Today, UPS is customer first, people led, innovation driven. It’s powered by more than 495,000 employees connecting Canadians to more than 220 nations and territories across roads, rails, air, and ocean. Tomorrow, UPS will continue to lead the industry and connect the world, with a commitment to quality service and environmental sustainability. There’s nothing small about your small business. It’s probably one of the biggest, and most difficult, things you’ve ever done. That’s why UPS makes shipping easier with an easy-to-use web site, competitive rates and convenient drop-off locations. See how at https://www.ups.com/ca/en/services/small-business.page For more information; Maheen Bariinfo@canadiansme.ca416 655 0205905 206 0055
33 minutes ago
Bloomberg
Higher Shipping Costs Are Here to Stay, Sparking Price Increases
(Bloomberg) -- Stubbornly high shipping expenses for businesses are getting sealed into contracts for the next 12 months, forcing companies to pass the extra costs on to consumers.The price for a container of goods from China to the U.S. West Coast and European ports has hovered near record highs for several months, and conditions are ripe for more increases even though spot rates usually soften this time of year. What’s more, new contracts being signed by some of the biggest U.S. importers indicate the spike won’t be a short-term blip.Most large retailers and manufacturers sign annual deals with the ocean carriers to lock in their container freight rates, in private negotiations that typically take place this time each year.Along the bellwether trade lane linking Asia with North America, contract rates in recent weeks are coming in around $2,500 to $3,000 for a 40-foot container -- 25% to 50% higher than a year ago, according to George Griffiths, an editor on the global container freight-pricing team at S&P Global Platts.“That’s showing that people are expecting this to continue, that they’re not expecting rates to come down any time soon,” Griffiths said. The container carriers “are going into this in a significant position of strength,” he said.So snarled are the nation’s supply channels that they’ve caught the attention of Federal Reserve officials who are trying to set monetary policy based on the speed of the U.S. recovery and the outlook for inflation.While there are signs of solid factory activity in the coming months, “reports of shortages in materials and labor, as well as bottlenecks in transportation, signaled some potential restraints on the pace of the manufacturing recovery,” according to minutes released Wednesday of the central bank’s Federal Open Market Committee meeting on March 16-17.“We’re going to have a conversation about inflation,” said Jim Bianco, president and founder of Bianco Research, during an interview with Bloomberg Television. “If we see it, it’s going to have to accelerate the Fed.”Multiple HurdlesThe higher shipping costs have been sparked by a combination of factors, including soaring demand amid stimulus checks, saturated ports, and too few ships, dockworkers and truckers. The problems are too broad to be remedied by any short-term fix and are creating ripple effects across U.S. supply chains.They’re causing significant headaches for business owners like Arnold Kamler, the chief executive officer of Kent Bicycles.“I’m describing our businesses here as like trying to play Whack-A-Mole,” Kamler said in an interview. “You fix one problem and then something else pops up.”The CEO of the Fairfield, New Jersey-based bike producer, which employs 225 workers and imports its parts from Asia, said his shipping costs have more than doubled in recent months. On top of that, truckers are regularly missing appointments to pick up merchandise from warehouses, while a lack of parts is keeping production from meeting demand. Kent has raised prices on its bikes four times in the past 12 months, driven in part by freight costs, raw materials and tariffs.Unprecedented RiseGordon Downes, CEO of the New York Shipping Exchange, an online cargo platform, said that larger businesses can often secure better shipping rates thanks to the size of their orders. Smaller ones, however, are at the mercy of spot rates and price increases.“Especially if you’re not in a really big shipper that has a very sophisticated negotiating process and a lot of leverage, you’re forced to accept these contracts,” Downes said.For example, price hikes and surcharges imposed on the smaller businesses that use spot rates can be attributed to anything from weather and ship congestion to the cost of fuel and raw materials.Kamler said clauses in his contracts have let the container carriers charge premiums during the peak season, which he expects to run into mid-November. If he doesn’t accept the increases, he can’t build more bicycles. “When is a contract not a contract? It is when you sign a contract with a steamship company.” Kamler said.The World Shipping Council, which represents the liner industry, said the biggest logistical difficulties are on land and that the market is driven by supply and demand.“As shipping normally represents a small cost per unit for transported goods, demand is not very price sensitive,” John Butler, president and CEO of the Washington-based council, said in an emailed statement. “So, when demand outstrips capacity to the extent we see today, rates will rise.”Jim Estill, chief executive officer of Canada’s Danby Appliances, said cargo sometimes sits at ports for as long as 10 days before getting loaded on trains or trucks. That’s leading to higher prices: A freezer that might normally sell for $350 is now going for about $70 more because of the shipping issues. “Price increases are just going through now,” he said.Peak SeasonsIn the U.S. and elsewhere, ocean shipping usually has two peak seasons each year. One comes before the Lunar New Year as companies secure inventories before Chinese factories shut down for holidays, and the other starts from late summer to prepare for Christmas shopping.There was optimism that the interim period in 2021 could clear container backlogs, but the Suez Canal blockage last month added further strains that only dashed the hopes.Problems are surfacing across the corporate landscape. Nike Inc. said revenue declined 10% in its latest quarter due to supply chain challenges, including the container shortages and U.S. port bottlenecks.Kent’s Kamler said that normally he’d be extremely stressed out by the high shipping costs and a lack of parts. “The only saving grace is that all my competitors are in the same boat,” he said.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
33 minutes ago
Business Wire
stc pay with UM MENA and InMobi Wins Four Awards at MMA SMARTIES MENA 2020
stc pay, the leading digital wallet service in Saudi Arabia, won four awards at the MMA SMARTIES MENA 2020, taking home a silver for COVID-19 Campaign of the Year and a total of three bronze awards in the Mobile App, Lead Generation / Direct Response / Conversions and mCommerce categories. The stc pay 'Stay at Home' campaign was the only campaign the MMA SMARTIES MENA recognized in the mCommerce and COVID-19 App categories in 2020. stc pay was awarded in numerous categories for its ‘Stay at Home’ campaign, which was co-facilitated by UM MENA and InMobi, the world’s leading independent marketing cloud.
33 minutes ago
Bloomberg
Saudis Meet Oil-Supply Requests From Most in Asia Before Ramp-Up
(Bloomberg) -- Saudi Arabia will supply all the crude oil that was requested by India’s state-owned refiners and at least four other Asian customers next month as the linchpin producer starts to ramp up output.The kingdom will deliver in full what most of the refiners asked for in May-loading cargoes, while one of the customers got its volume to the U.S. curtailed, according to officials notified by Saudi Aramco. Two other customers received some cuts to overall volumes. An email sent to the producer’s press relations office wasn’t immediately answered outside regular office hours.Led by Saudi Arabia, the Organization of Petroleum Exporting Countries and its allies will restore from May some of the supply that was cut back as the pandemic ravaged demand. Following that decision, the Saudis hiked pricing for the key Asian market in expectation that consumption will rebound further. The overall plan, which includes Riyadh’s return of a unilateral supply cut, was defended last week by Energy Minister Prince Abdulaziz bin Salman.India’s current round of allocations attracted particular scrutiny after its four state-owned refiners including Indian Oil Corp. had submitted lower nominations, or requests for supply. Overall, the country will take about a single Aframax-size vessel-- typically about 600,000 barrels -- less than granted in the prior month’s allocations, people familiar with the matter said.With tension between India and Saudi Arabia over Riyadh’s oil policy, its state-owned processors had asked to reduce next month’s volumes by about one-third of their monthly average. However, India’s refiners are in peak maintenance season and the nation is battling a resurgence in Covid-19, potentially indicating the amount needed for the month is below average.Meanwhile, the volume of Arab Light crude was reduced for two other buyers in the region and a third customer got its supply for Asia fulfilled but was notified of some cuts to its U.S. operations.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
36 minutes ago

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