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Save up to 50 percent on lipstick, eye shadow and more at the Pat McGrath Labs makeup sale

Jeanine Edwards
·2-min read

Our team is dedicated to finding and telling you more about the products and deals we love. If you love them too and decide to purchase through the links below, we may receive a commission. Pricing and availability are subject to change.

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Fini is the Nigerian-owned shoe brand that lets you construct your own kicks

The post Save up to 50 percent on lipstick, eye shadow and more at the Pat McGrath Labs makeup sale appeared first on In The Know.

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  • Outlook on the Passenger Air Transport Global Market to 2030 - Identify Growth Segments for Investment

    Dublin, March 04, 2021 (GLOBE NEWSWIRE) -- The "Passenger Air Transport Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global passenger air transport market as it emerges from the COVID-19 shut down. The global passenger air transport market is expected to grow from $460.07 billion in 2020 to $524.82 billion in 2021 at a compound annual growth rate (CAGR) of 14.1%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $657.15 billion in 2025 at a CAGR of 6%.Reasons to Purchase Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.Create regional and country strategies on the basis of local data and analysis.Identify growth segments for investment.Outperform competitors using forecast data and the drivers and trends shaping the market.Understand customers based on the latest market research findings.Benchmark performance against key competitors.Utilize the relationships between key data sets for superior strategizing.Suitable for supporting your internal and external presentations with reliable high quality data and analysis Where is the largest and fastest growing market for the passenger air transport? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Passenger Air Transport market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider passenger air transport market, and compares it with other markets. The market characteristics section of the report defines and explains the market.The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.Market segmentations break down market into sub markets.The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.The passenger air transport market section of the report gives context. It compares the passenger air transport market with other segments of the air transport market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, passenger air transport indicators comparison. Major companies in the passenger air transport market include American Airlines; Delta Airlines; UnitedContinental; Deutsche Lufthansa and Air France KLM.The passenger air transport services market consists of sales of passenger air transportation services and related goods by entities (organizations, sole traders and partnerships) that use aircraft, such as airplanes and helicopters to provide air transportation services for passengers. It includes services offered by both scheduled and nonscheduled air carriers. The passenger air transport market is segmented into domestic air passengers and international air passengers.Asia Pacific was the largest region in the global passenger air transport market, accounting for 31% of the market in 2020. North America was the second largest region accounting for 30% of the global passenger air transport market. Africa was the smallest region in the global passenger air transport market.The use of analytics is rapidly growing in the aviation industry to capture critical insights from customers and operations data. It allows airlines to offer personalized services to its customers by using data analytics tools at every customer touch point. The growing use of analytics in the aviation industry is mainly a result of increasing competition between airlines. As a result, commercial airline is looking to enhance customer satisfaction levels by analysing parameters such as ticket sales and passenger profile and purchase history. For instance, Chicago-based United Airlines analyses 150 variables in a customer profile to offer a more personalized offer. Major companies using analytics in the aviation industry are Southwest Airlines, Delta Airlines, United Airlines.The increase in global tourism is expected to fuel the growth of the passenger air transport market in the forecast period. Global tourism is probably the largest movement of goods, services and people and it is a major force for economic growth and socio-political transition. According to the United Nations World Tourism Organization (UNWTO) global investment on tourism reached US$1.7 billion, an increase of 4%, outpacing the national economy in 2018 and is expected to cross US$ 23 million by 2023. Therefore, the increase in global tourism drives the growth of the passenger air transport market.Key Topics Covered: 1. Executive Summary 2. Report Structure 3. Passenger Air Transport Market Characteristics 3.1. Market Definition 3.2. Key Segmentations 4. Passenger Air Transport Market Product Analysis 4.1. Leading Products/ Services 4.2. Key Features and Differentiators 4.3. Development Products 5. Passenger Air Transport Market Supply Chain 5.1. Supply Chain 5.2. Distribution 5.3. End Customers 6. Passenger Air Transport Market Customer Information 6.1. Customer Preferences 6.2. End Use Market Size and Growth 7. Passenger Air Transport Market Trends and Strategies 8. Impact of COVID-19 on Passenger Air Transport 9. Passenger Air Transport Market Size and Growth 9.1. Market Size 9.2. Historic Market Growth, Value ($ Billion) 9.2.1. Drivers of the Market 9.2.2. Restraints on the Market 9.3. Forecast Market Growth, Value ($ Billion) 9.3.1. Drivers of the Market 9.3.2. Restraints on the Market 10. Passenger Air Transport Market Regional Analysis 10.1. Global Passenger Air Transport Market, 2020, by Region, Value ($ Billion) 10.2. Global Passenger Air Transport Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region 10.3. Global Passenger Air Transport Market, Growth and Market Share Comparison, by Region 11. Passenger Air Transport Market Segmentation11.1. Global Passenger Air Transport Market, Segmentation by Type11.2. Global Passenger Air Transport Market, Segmentation by Class 12. Passenger Air Transport Market Metrics 12.1. Passenger Air Transport Market Size, Percentage of GDP, 2015-2025, Global 12.2. Per Capita Average Passenger Air Transport Market Expenditure, 2015-2025, Global 13. Asia-Pacific Passenger Air Transport Market 14. Western Europe Passenger Air Transport Market 15. Eastern Europe Passenger Air Transport Market 16. North America Passenger Air Transport Market 17. South America Passenger Air Transport Market 18. Middle East Passenger Air Transport Market 19. Africa Passenger Air Transport Market 20. Passenger Air Transport Market Competitive Landscape 20.1. Competitive Market Overview 20.2. Market Shares 20.3. Company Profiles 20.3.1. American Airlines 20.3.1.1. Company Overview 20.3.1.2. Products and Services 20.3.1.3. Strategy 20.3.1.4. Financial Performance 20.3.2. Delta Airlines 20.3.2.1. Company Overview 20.3.2.2. Products and Services 20.3.2.3. Strategy 20.3.2.4. Financial Performance 20.3.3. UnitedContinental 20.3.3.1. Company Overview 20.3.3.2. Products and Services 20.3.3.3. Strategy 20.3.3.4. Financial Performance 20.3.4. Deutsche Lufthansa 20.3.4.1. Company Overview 20.3.4.2. Products and Services 20.3.4.3. Strategy 20.3.4.4. Financial Performance 20.3.5. Air France KLM 20.3.5.1. Company Overview 20.3.5.2. Products and Services 20.3.5.3. Strategy 20.3.5.4. Financial Performance 21. Key Mergers and Acquisitions in the Passenger Air Transport Market 22. Market Background: Air Transportation Market 22.1. Air Transportation Market Characteristics 22.2. Air Transportation Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, by Segment, Value ($ Billion), Global 22.3. Global Air Transportation Market, 2020, by Region, Value ($ Billion) 22.4. Global Air Transportation Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region 22.5. Global Air Transportation Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion) 23. Recommendations 23.1. Global Passenger Air Transport Market in 2025 - Growth Countries 23.2. Global Passenger Air Transport Market in 2025 - Growth Segments 23.3. Global Passenger Air Transport Market in 2025 - Growth Strategies 24. Appendix 24.1. NAICS Definitions of Industry Covered in this Report 24.2. Abbreviations 24.3. Currencies 24.4. Research Inquiries 24.5. About the Publisher25. Copyright and Disclaimer For more information about this report visit https://www.researchandmarkets.com/r/4k2goo CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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  • OPEC+ Silence Leaves Oil Market Guessing Next Supply Move

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Crude could move higher if the group doesn’t deliver all of the extra barrels the market needs to fuel the economic recovery from the Covid-19 pandemic.“OPEC+ may raise by only 0.9 million barrels a day in April,” said Amrita Sen, chief oil analyst and co-founder at Energy Aspects Ltd. Anything less than the 1.4 million barrel-a-day hike that had previously been expected “should be viewed as bullish by the market.”Plot TwistsSaudi Arabia, the leader of the producers’ group alongside Russia, has developed a liking for bullish surprises. Energy Minister Prince Abdulaziz bin Salman triggered a sharp surge in prices at the cartel’s January meeting by springing a unilateral production cut of 1 million barrels a day on an unsuspecting market. He has often warned of his willingness to inflict pain on anyone short-selling oil.“Given his repeated insistence that it is a futile exercise to predict Saudi action, we think His Royal Highness may look to cement his reputation as the prince of plot twists,” said Helima Croft, chief commodities strategist at RBC Capital Markets.Despite the notes of caution, veteran OPEC-watchers still expected some extra barrels from the group. There’s little chance that the group will hold output at current levels in April, given the pressure from members including the United Arab Emirates and Russia to pump more, said Sen. In Croft’s view, the most likely outcome is an increase of 500,000 to 1 million barrels a day.Two-Part DealThere are two distinct elements to the production increase that OPEC+ will debate on Thursday.First, will the cartel proceed with a 500,000 barrel-a-day collective output hike in April? Second, how will Saudi Arabia phase out the extra supply reduction of 1 million barrels a day it’s been making voluntarily in February and March?Russia has been the most consistent advocate for the first element, and others in the group also support the move, people familiar with the matter said earlier this week. Whether the full 500,000 barrels a day, or a smaller amount, will be returned was still uncertain on Thursday morning, delegates said. On the second element, Saudi Arabia originally intended for its voluntary supply reduction to only last for two months. But recently, the kingdom has been considering whether it would appropriate to return all of those barrels in a single month, or spread the move over a longer period, people familiar with the matter said earlier this week.The Saudis’ production plans for April remained unclear on Thursday morning, according to delegates from other OPEC+ nations. Ministers are scheduled to meet by video conference at 2 p.m. Vienna time. Many Wildcards“From a risk management perspective, the direction of travel appears to be to maintain a tighter policy than the market expects for a bit longer,” said Bob McNally, president of consultant Rapidan Energy Group and a former White House official.The group’s own analysts think the market is ready for extra supply. Even if OPEC+ were to boost production by 2.4 million barrels a day between February and June -- the maximum amount allowed under the current deal -- it will still be able to clear the remnants of the 2020 supply glut by August, according to a presentation from the secretariat’s technical experts on Tuesday.While OPEC+ ministers may not be giving clear signals, the recent trend in oil prices points to a market that needs more supply. Brent crude was trading near $64 a barrel on Thursday, an increase of almost 24% this year.“They’re going to respond to the pressure” to raise production with prices at this level, said Ed Morse, global head of commodities research at Citigroup Inc. Yet he also advised against taking the cartel’s actions for granted. “I have told our clients I would not invest in any way on this OPEC meeting -- I think there are too many wildcards.”(Updates with details of latest discussions after the 10th 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.

  • Insights on the Waste Management and Remediation Services Global Market to 2030 - Identify Growth Segments for Investment

    Dublin, March 04, 2021 (GLOBE NEWSWIRE) -- The "Waste Management and Remediation Services Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering. This report provides strategists, marketers and senior management with the critical information they need to assess the global waste management and remediation services market as it emerges from the COVID-19 shut down. The global waste management and remediation services market is expected to grow from $504.14 billion in 2020 to $542.83 billion in 2021 at a compound annual growth rate (CAGR) of 7.7%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $679.85 billion in 2025 at a CAGR of 6%. Reasons to Purchase Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.Create regional and country strategies on the basis of local data and analysis.Identify growth segments for investment.Outperform competitors using forecast data and the drivers and trends shaping the market.Understand customers based on the latest market research findings.Benchmark performance against key competitors.Utilize the relationships between key data sets for superior strategizing.Suitable for supporting your internal and external presentations with reliable high quality data and analysis Description: Where is the largest and fastest growing market for the waste management and remediation services? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The Waste Management and Remediation Services market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography. It places the market within the context of the wider waste management and remediation services market, and compares it with other markets. The market characteristics section of the report defines and explains the market.The market size section gives the market size ($b) covering both the historic growth of the market, the impact of the COVID-19 virus and forecasting its recovery.Market segmentations break down market into sub markets.The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the impact and recovery trajectory of COVID-19 for all regions, key developed countries and major emerging markets.Competitive landscape gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.The waste management and remediation services market section of the report gives context. It compares the waste management and remediation services market with other segments of the commercial services market by size and growth, historic and forecast. It analyses GDP proportion, expenditure per capita, waste management and remediation services indicators comparison. Major companies in the waste management and remediation services market include Waste Management Inc; Republic Services Inc; Clean Harbors; Stericycle Inc and Progressive Waste Solutions Ltd.The waste management and remediation services market consists of sales of waste management and remediation services and related goods by entities (organizations, sole traders and partnerships) that provide waste collection, treatment and disposal services, remediation services, operate materials recovery facilities, or provide septic tank pumping and related services. The waste management and remediation services market is segmented into waste collection; waste treatment and disposal; remediation services; and other waste management services.Western Europe was the largest region in the global waste management and remediation services market, accounting for 34% of the market in 2020. Asia Pacific was the second largest region accounting for 31% of the global waste management and remediation services market. Africa was the smallest region in the global waste management and remediation services market.Waste management and remediation services are increasingly using sensors for managing waste collected. A sensor is a device that detects and responds to some type of input from the physical environment. The specific input could be light, heat, motion, moisture, pressure, or any other environmental phenomena. Sensors let waste management companies know that bins are full and need to be serviced. Sensor technology can also be used to sort recyclables quickly and efficiently, thereby reducing manual work and encouraging higher recycling rates. This enables companies to have a complete visibility of containers which helps them to reduce the costs. For instance, the OnePlus Metro from OnePlus Systems is an ultrasonic trash can sensor that lets waste management companies determine if waste containers are full.Key Topics Covered: 1. Executive Summary 2. Report Structure 3. Waste Management and Remediation Services Market Characteristics 3.1. Market Definition 3.2. Key Segmentations 4. Waste Management and Remediation Services Market Product Analysis 4.1. Leading Products/ Services 4.2. Key Features and Differentiators 4.3. Development Products 5. Waste Management and Remediation Services Market Supply Chain 5.1. Supply Chain 5.2. Distribution 5.3. End Customers 6. Waste Management and Remediation Services Market Customer Information 6.1. Customer Preferences 6.2. End Use Market Size and Growth 7. Waste Management and Remediation Services Market Trends and Strategies 8. Impact of COVID-19 on Waste Management and Remediation Services 9. Waste Management and Remediation Services Market Size and Growth 9.1. Market Size 9.2. Historic Market Growth, Value ($ Billion) 9.2.1. Drivers of the Market 9.2.2. Restraints on the Market 9.3. Forecast Market Growth, Value ($ Billion) 9.3.1. Drivers of the Market 9.3.2. Restraints on the Market 10. Waste Management and Remediation Services Market Regional Analysis 10.1. Global Waste Management and Remediation Services Market, 2020, by Region, Value ($ Billion) 10.2. Global Waste Management and Remediation Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region 10.3. Global Waste Management and Remediation Services Market, Growth and Market Share Comparison, by Region 11. Waste Management and Remediation Services Market Segmentation11.1. Global Waste Management and Remediation Services Market, Segmentation by Type11.2. Global Waste Management and Remediation Services Market, Segmentation by Application11.3. Global Waste Management and Remediation Services Market, Segmentation by Mode 12. Waste Management and Remediation Services Market Metrics 12.1. Waste Management and Remediation Services Market Size, Percentage of GDP, 2015-2025, Global 12.2. Per Capita Average Waste Management and Remediation Services Market Expenditure, 2015-2025, Global 13. Asia-Pacific Waste Management and Remediation Services Market 14. Western Europe Waste Management and Remediation Services Market 15. Eastern Europe Waste Management and Remediation Services Market 16. North America Waste Management and Remediation Services Market 17. South America Waste Management and Remediation Services Market 18. Middle East Waste Management and Remediation Services Market 19. Africa Waste Management and Remediation Services Market20. Waste Management and Remediation Services Market Competitive Landscape 20.1. Competitive Market Overview 20.2. Market Shares 20.3. Company Profiles 20.3.1. Waste Management Inc 20.3.1.1. Company Overview 20.3.1.2. Products and Services 20.3.1.3. Strategy 20.3.1.4. Financial Performance 20.3.2. Republic Services Inc 20.3.2.1. Company Overview 20.3.2.2. Products and Services 20.3.2.3. Strategy 20.3.2.4. Financial Performance 20.3.3. Clean Harbors 20.3.3.1. Company Overview 20.3.3.2. Products and Services 20.3.3.3. Strategy 20.3.3.4. Financial Performance 20.3.4. Stericycle Inc 20.3.4.1. Company Overview 20.3.4.2. Products and Services 20.3.4.3. Strategy 20.3.4.4. Financial Performance 20.3.5. Progressive Waste Solutions Ltd 20.3.5.1. Company Overview 20.3.5.2. Products and Services 20.3.5.3. Strategy 20.3.5.4. Financial Performance 21. Key Mergers and Acquisitions in the Waste Management and Remediation Services Market 22. Market Background: Commercial Services Market 22.1. Commercial Services Market Characteristics 22.2. Commercial Services Market Historic and Forecast, 2015-2020, 2020-2025F, 2030F Growth, by Segment, Value ($ Billion), Global 22.3. Global Commercial Services Market, 2020, by Region, Value ($ Billion) 22.4. Global Commercial Services Market, 2015-2020, 2020-2025F, 2030F, Historic and Forecast, by Region 22.5. Global Commercial Services Market, 2015-2020, 2020-2025F, 2030F, Segmentation by Type, Value ($ Billion) 23. Recommendations 23.1. Global Waste Management and Remediation Services Market in 2025 - Growth Countries 23.2. Global Waste Management and Remediation Services Market in 2025 - Growth Segments 23.3. Global Waste Management and Remediation Services Market in 2025 - Growth Strategies 24. Appendix 24.1. NAICS Definitions of Industry Covered in this Report 24.2. Abbreviations 24.3. Currencies 24.4. Research Inquiries 24.5. About the Publisher25. Copyright and Disclaimer For more information about this report visit https://www.researchandmarkets.com/r/ebjnff CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

  • Sunak’s Budget Falls Short of U.K.’s Big Climate Ambitions

    (Bloomberg) -- In a year when the U.K. is hosting global climate talks and pressing others to adopt more ambitious goals, Chancellor of the Exchequer Rishi Sunak offered little in the way of fresh cash or ideas in his budget.Sunak said Wednesday he wanted to lay the foundations for achieving Boris Johnson’s green goals, but environmental advocates were largely disappointed by the new policies and lack of spending. The most significant move was Sunak’s instruction to the Bank of England to align its monetary policy toolkit with the government’s target to eliminate greenhouse gas pollution by 2050.The central bank has been criticized over its pandemic rescue program and last year it acknowledged that its corporate bond buying program is in line with 3.5 degrees Celsius of global warming -- far exceeding the temperature goals laid out in the Paris Agreement aimed at avoiding the worst effects of climate change.Sunak also announced plans for new green retail bonds and a National Infrastructure Bank with 12 billion pounds ($16.8 billion) of capital. He mentioned a new taskforce that would seek to boost the market for voluntary carbon offsets.“While these measures do matter and will make a difference, this budget represents a missed opportunity to put the green economy and sustainability at the heart of the economic effort to recover from the Covid-19 crisis,” said Maria Connolly, a partner at U.K. law firm TLT that advises on clean energy. “Actions speak louder than words and unfortunately the rhetoric on the green industrial revolution continues to outweigh the policies.”Home HeatingThe budget lacked new spending on a home insulation program that is seen as crucial to meeting climate goals. Last month, the government confirmed it was cutting funding for the Green Homes Grant, which helps homeowners switch to more environmentally friendly heating systems.READ MORE: Hidden Gauge of U.K.’s Zero-Carbon Drive Sits in Your Cellar“Meeting the most ambitious climate change targets of any major economy will require more ambition than was in today’s budget,” said Emma Pinchbeck, chief executive of the trade body Energy U.K. “We need a concerted, cross-government approach,” she said, “particularly on how to make our buildings energy efficient and low carbon.”Sunak also canceled a planned increase of a tax on auto fuel for the 11th year in a row, in a bid to reduce costs for consumers. A decade of fixed gasoline duties has increased U.K. carbon dioxide emissions by as much as 5%, according to analysis by the website Carbon Brief.“It’s astonishing that a government pledging to confront the climate emergency has frozen fuel duty yet again,” said Mike Childs, head of policy at the campaign group Friends of the Earth.The budget didn’t address cutting the value-added tax on green products such as solar panels. Advocates including The Daily Express newspaper have called for the levy to be cut in order to deliver a “green Brexit” as the U.K. leaves the European Union.British Tabloids Get Behind Johnson’s Green Push: Green InsightClimate MandateThe most impact could come from changing the central bank’s mandate. The BoE is set to be the first in the western world to incorporate climate into its monetary policy remit, according to Positive Money, a group that campaigned for the shift. Sweden’s Riksbank and the Swiss National Bank have already changed their asset purchases to exclude unsustainable assets, though their mandates remain the same.The decision appears to answer a call from Parliament’s Environmental Audit Committee to align its corporate bond buying program with the Paris accord before the COP26 gathering in November. The BoE said it plans to adopt the changes by the fourth quarter.Sunak’s announcement completes the mandate change that was promised in the government’s 2019 Green Finance Strategy. The central bank’s Financial Policy Committee already considers climate and net-zero goals within its remit, and now the Monetary Policy Committee will too.“The government’s economic policy objective has changed. Last year, it was leveling up the regions, now it’s leveling up and net zero, so that’s significant overall,” said Nick Robins, professor of sustainable finance and the London School of Economics and Political Science.(Updates 14th paragraph with quote)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.

  • Asia Pacific Medical Writing Market Report 2020-2027: High Growth in Clinical Research and Trials Presents Opportunities

    Dublin, March 04, 2021 (GLOBE NEWSWIRE) -- The "Asia Pacific Medical Writing Market Forecast to 2027 - COVID-19 Impact and Regional Analysis by Type; Application; End User, and Others; and Country" report has been added to ResearchAndMarkets.com's offering. Asia Pacific medical writing market is expected to reach US$ 983.51 million in 2027 from US$ 560.59 million in 2019. The market is estimated to grow with a CAGR of 7.3% from 2020-2027. The report provides trends prevailing in the Asia Pacific medical writing market and the factors driving market along with those that act as hindrances.Based on the end user, the Asia Pacific the medical writing market, is segmented into pharmaceutical and biotechnological companies, contract research organizations (CROs), others. The pharmaceutical and biotechnological companies segment held the largest share of the market in 2019, also the same segment is anticipated to register the highest CAGR in the market during the forecast period. Medical writing in pharmaceutical and biotechnology companies involves the development of research papers, conference writings, and review papers. Medical writing is usually done by skilled writers. Medical writing plays an important role in pharmaceutical companies as the companies are efficiently trying to bring new medicine into the market. Good medical writing helps in quality clinical trial conduct, cleat trial objectives, and optimal product labeling. However, the increase in the pace of customers' drug development programs and the merger and reorganizations of companies leading to the outsourcing of medical writing is why Contract Research Organizations (CROs) are estimated to register the highest CAGR during the forecast period.The growth of this market is estimated to grow owing to key driving factors such as an increased number of market players and an immense government support in the healthcare sector. However, the market is expected experiencing slow growth during the forecast period owing to challenges encountered with medical writers.Cactus Communications, Certara, and Covance are among the leading companies operating in the Asia Pacific medical writing market.Key Topics Covered: 1. Introduction1.1 Scope of the Study1.2 Research Report Guidance1.3 Market Segmentation2. Asia Pacific Medical Writing Market - Key Takeaways3. Research Methodology3.1 Coverage3.2 Secondary Research3.3 Primary Research4. Asia Pacific Medical Writing Market - Market Landscape4.1 Overview4.2 PEST Analysis4.2.1 Medical Writing Market- Asia Pacific PEST Analysis4.3 Expert Opinion5. Asia Pacific Medical Writing Market - Key Market Dynamics5.1 Market Drivers5.1.1 Increased Number of Market Players5.1.2 Immense Government Support in the Healthcare Sector5.2 Market Restraints5.2.1 Challenges Encountered With Medical Writers5.3 Market Opportunities5.3.1 High Growth in Clinical Research and Trials5.4 Future Trends5.4.1 Increase in New Product Launches and Innovations5.5 Impact Analysis6. Medical Writing Market - Asia Pacific Analysis6.1 Asia Pacific Medical Writing Market Revenue Forecasts and Analysis7. Asia Pacific Medical Writing Market Analysis and Forecasts to 2027 - ByType7.1 Overview7.2 Medical Writing Market Share, by Type, 2019 and 2027 (%)7.3 Clinical Writing7.3.1 Overview7.3.2 Clinical Writing: Medical Writing Market - Revenue and Forecast to 2027 (US$ Million)7.3.3 Regulatory Writing7.3.4 Scientific Writing7.3.5 Others8. Asia Pacific Medical Writing Market Analysis - by Application8.1 Overview8.2 Medical Writing Market Share, by Application, 2019 and 2027 (%)8.3 Medical Journalism8.4 Medical Education8.5 Medico Marketing8.6 Others9. Asia Pacific Medical Writing Market Analysis - by End-User9.1 Overview9.2 Medical Writing Market, by End User (2019 and 2027)9.3 Pharmaceutical and Biotechnology Companies9.4 Contract Research Organizations (CROs)9.5 Others10. Medical Writing Market Revenue and Forecasts to 2027 - Geographical Analysis10.1 Asia Pacific: Medical Writing Market10.1.1 Overview11. Impact Of COVID-19 Pandemic on Asia Pacific Medical Writing Market11.1 Asia Pacific: Impact Assessment of COVID-19 Pandemic12. Company Profiles12.1 Key Facts12.2 Business Description12.3 Services12.4 Financial Overview12.5 SWOT Analysis Cactus CommunicationsCertaraCovanceFreyr SolutionsInClin IncParexel International CorporationQuanticateSynchrogenix For more information about this report visit https://www.researchandmarkets.com/r/7y63un CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

  • Happy birthday Kenny, those of us who saw you play still feel lucky

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  • France Launches State Aid Plan as Post-Pandemic Model for Europe

    (Bloomberg) -- France finally unveiled its long-awaited plan for using state aid to prevent a wave of bankruptcies in the nation after the pandemic, hailing it as a model for the rest of Europe.The innovative program, which has now been approved by the European Union, will combine private and public money to provide as much as 20 billion euros ($24 billion) to strengthen the finances of small and medium-sized companies.The so-called participative loans adopt some of the advantages of equity and debt and are a central plank of President Emmanuel Macron’s stimulus. They are also a test case for other European governments looking for ways to keep businesses afloat when they start withdrawing their extraordinary fiscal aid.“In terms of power and amount, this increase in private capital will be unprecedented in Europe,” French Finance Minister Bruno Le Maire said as he presented the plan in Paris. “It is an increase in capital that should be a model for other European countries so that the recovery isn’t just at a national level but also in other states.”French banks will offer the loans, but pass 90% on to investment vehicles funded by private investors. Investment funds also lend subordinated bonds directly to larger companies. The state will guarantee as much as 30% of the first losses of the funds’ portfolios.Read more: France’s Latest Plan to Save Businesses Has Europe IntriguedBecause the guarantee counts as state aid, the European Commission had to give approval. It announced that on Thursday, saying the loans and bonds must be issued before June 30, 2022; be used to finance investments and not pre-existing debt; and have a maturity of 8 years with a 4-year grace period on principal repayments.Banks will decide the interest rates on a case by case basis, but Le Maire said they should be between 4% and 5% for the smallest companiesPhilippe Brassac, chief executive of Credit Agricole SA and chairman of the French banking federation, said at the presentation that banks aimed to support between 7,000 and 10,000 companies with the participative loans. Private equity funds also aim to provide subordinated loans to 2,500 companies.Several EU countries have contacted the French National Treasury to find out more about the plan, according to a French official who could not be named as she is not authorized to speak about the deliberations. Spain is considering a similar proposal.The European Commission considered rolling out a solvency-support instrument during last summer’s tortuous negotiations on the bloc’s recovery fund.European Commissioner Margarethe Vestager, in charge of competition policy, said in Thurday’s statement that “we continue working in close cooperation with member states to ensure that national support measures can be put in place as quickly and effectively as possible, in line with EU rules.”Jobs at RiskA failure to repair the balance sheets of European companies could have disastrous consequences for the economy. According to the International Monetary Fund, equity support of around 2% to 3% of economic output is needed in Europe, and 15 million jobs are at stake if nothing is done.French companies loaded up on debt during the crisis thanks to more than 130 billion euros of government-guaranteed loans. A recent survey by the CPME, an industry group that represents small and midsize businesses, showed 45% of companies that took one of the loans might not be able to repay them.Participative loans were conceived in France in the 1970s, but they’ve never been used on such a large scale. They are similar to equity in that they are subordinated to all other debts and often come with a share of profits. But, like loans, they have a fixed interest rate and afford the creditor no voting rights.France’s new plan is innovative in its size, and because it puts the onus on banks rather than the state to distribute the loans. The rationale is that banks have the tools to selectively allocate funds and avoid sending government cash to companies that will fail anyway.Still, it reflects how the pandemic has sparked a significant change in thinking in parts of Europe over how big a role government should play in the economy.“The state was there to protect, whatever the cost,” Le Maire said. “It will be there when investment is needed, whatever the cost.”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.

  • Funeral held for 19 year-old Myanmar protester

    Angel, also known as Kyal Sin, was killed when she was shot in the head while protesting on the streets of Mandalay. The phrase on the T-shirt that she was wearing on the day she was killed, "Everything will be OK," went viral on social media as users posted it in defiance of security forces who killed 38 people, according to the United Nations.During her open-casket funeral, mourners sang revolutionary songs and chanted anti-coup slogans.Police and soldiers opened fire with live rounds on Wednesday (March 3) with little warning, witnesses said, a day after neighbouring countries had called on the junta to show restraint.

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  • Trip.com Group Limited (TCOM) Q4 2020 Earnings Call Transcript

    Thank you for standing by, and welcome to the Trip.com Group 2020 Q4 Earnings Conference Call. Joining me today on the call are Mr. James Liang, Executive Chairman of the Board; Ms. Jane Sun, Chief Executive Officer; and Ms. Cindy Wang, Chief Financial Officer.

  • Deliveroo Plans to List in London With Dual-Class Structure

    (Bloomberg) -- Deliveroo is planning an initial public offering in London as the U.K. prepares to reform listing rules that would allow the company to have a dual-class share structure.The share structure, which typically gives founders a greater say in shareholder votes, will provide Chief Executive Officer Will Shu with the “stability” to execute long-term plans, the food-delivery company said in a statement Thursday. The dual-class setup will last for three years.Deliveroo, which was founded in 2013 and provides online ordering and delivery services to restaurants and grocery stores, was valued at more than $7 billion in its latest funding round in January. The company and others like it have seen an explosion in orders in the last year as Covid-19 restrictions kept customers out of stores and restaurants.Read More: London to Join SPAC Boom in Post-Brexit Market OverhaulIn December, Deliveroo said it had been profitable “at the operating level” for more than six months. Operating revenue in 2019 rose 62% to 771.8 million pounds ($1.1 billion).A review of the U.K. listings regime, led by former European Union commissioner Jonathan Hill, recommended this week to allow dual-class structures and ways to ease the path for special-purpose acquisition companies. The proposed changes aim to make London more attractive after the country’s split from the EU, which took effect at the end of last year.While no timeline for the implementation of the reforms has been given, Chancellor of the Exchequer Rishi Sunak said Wednesday the government will act quickly on the proposals.Some of London’s biggest investors have expressed concerns that changing standards could weaken investor protections. Dual-class share structures generally are in “conflict with increased stewardship requirements,” said Colin McLean, chief investment officer at SVM Asset Management, adding that they can limit shareholders’ ability to change a company’s management or alter the direction of a business.Ahead of the review, the Universities Superannuation Scheme, the largest private pension manager in the U.K., warned against a “race to the bottom” on listing standards that could weaken investor protections.While welcoming the proposals, the Investment Association -- an influential body representing the fund management industry -- said it will work with the government and regulator to ensure there are appropriate investor protections for minority shareholders.Listings in London are surging, meanwhile, with IPO proceeds for 2021 already totaling 3.3 billion pounds ($4.6 billion), the most for this time of the year since 2006, data compiled by Bloomberg show. (Updates with background on London IPOs and regulatory reforms from the fifth 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.

  • Global Tactile Sensors Market Report 2020-2025: Capacitive Sensing Segment is Expected to Account for Over 75% Market Share

    Dublin, March 04, 2021 (GLOBE NEWSWIRE) -- The "Tactile Sensors Market (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering. The Global Tactile Sensor Market has recorded $8204.9 m in 2019 and it is estimated to surpass $16,083.8 m by 2025 growing at an estimated rate of more than 11.9% during 2020 to 2025. Capacitive Sensing is the dominant type where it witnesses the revenue of $5283 million in 2019 and estimated to reach $12,652.5 million during forecast period with a CAGR of 15.7%. Global Automotive Tactile Sensors generated a revenue of $805.3 million and estimated to grow with a higher CAGR. Market Value in Germany records $741.62 million in 2019. What is Tactile Sensor Market?Tactile sensor is illustrated as an appliance which measures the information emerging from physical and mechanical interaction with its environment. The tactile pressure sensors will circulate over a surface to sense various ranges of stimuli from detecting the presence or absence of a grasped object to extreme tactile image. Tactile sensor systems are involved and equipped into assistance systems, machines and robots in medical, manufacturing, household sectors, healthcare with pressure sensitive surfaces.What are the major applications for Tactile Sensor Market?The various end-users assessed includes Automotive, Industrial, Consumer Electronics, Aerospace, Oil & Gas and Medical. Capacitive proximity switches are largely used in automobile control applications in place of mechanical switches because of low cost and modern design which indicates that the automotive sector leads the market in usage. Sensors have been embedded into some of the most novel and advanced medical device and consumer device products in the market. Tactile Sensor MarketMarket Research and Market Trends of Tactile Sensor MarketTactile sensor clothing is an interactive interface like artificial skin in robotics for health monitoring, medicine and sports. The technology shows an electrical impedance tomography technique to estimate the changes of resistance distribution on the sensor caused by fingertip contact. It is predicted that there will be tremendous growth for these types of robots in future. Companies are evolving with this new technologies such as developments in automotive applications involve in large investments for the better world.The elastomeric sensor sticky substance fixes to the surface topography which reveals full details about surface features disregarding the light conditions or material reflectivity. The surface detail is shown on contact, giving continuous visual feedback. It reduces scrap and non-quality costs which in turn decreases capital need for inventory. This develops the productivity throughout for high-cost parts and improves the safety and security in reducing operational costs. Aerospace sector has been rising as they are indulged more to get the information within seconds after capturing the object.Increasing interest in safety concerns where the tactile sensing is remarkable with their technologies. Advancement emerges to set up touch based sensors to replace traditional remote or buttons usage. Mainly, these will reduce accidents and as well as improve driver's concentration while driving. These changes involves maintenance, conformability, system integration, reliability, robustness with the effective use of materials. Many enterprises are influenced towards this technology and companies such as Cirque Corporation, Tekscan are planning for long-term investments.Who are the Major Players in Tactile Sensor market?The companies referred to the market research report includes Cirque Corporation, Tekscan, Inc., Synaptics Incorporated, Tacterion GmbH, Touch International Inc., Airmar Technology Corporation, Weiss Robotics, Pressure Profile Systems, Romheld, Barrett Technology and more than 20 companies. Apart from this the report also includes a study of major developments in the market such as product launches, agreements, acquisitions, collaborations, mergers and so on to comprehend the prevailing market dynamics at present and its impact during the forecast period 2020-2025. Key Topics Covered: 1. Tactile Sensor Market - Overview1.1. Definitions and Scope2. Tactile Sensor Market - Executive summary2.1. Market Revenue, Market Size and Key Trends by Company2.2. Key Trends by type of Application2.3. Key Trends segmented by Geography3. Tactile Sensor Market3.1. Comparative analysis3.1.1. Product Benchmarking - Top 10 companies3.1.2. Top 5 Financials Analysis3.1.3. Market Value split by Top 10 companies3.1.4. Patent Analysis - Top 10 companies3.1.5. Pricing Analysis4. Tactile Sensor Market Forces4.1. Drivers4.2. Constraints4.3. Challenges4.4. Porters five force model5. Tactile Sensor Market -Strategic analysis5.1. Value chain analysis5.2. Opportunities analysis5.3. Product life cycle5.4. Suppliers and distributors Market Share6. Tactile Sensor Market - By Type (Market Size -$Million / $Billion)6.1. Market Size and Market Share Analysis6.2. Application Revenue and Trend Research6.3. Product Segment Analysis6.3.1. Resistive6.3.2. Capacitive6.3.3. Mapping Arrays6.3.4. Force/Torque Sensors6.3.5. Thermal Sensors6.3.6. Dynamic Tactile Sensors6.3.7. Uni-axial Arrays6.3.8. Multi-axial Arrays6.3.9. Multi-Modal Arrays6.3.10. Others7. Tactile Sensor Market - By Industry Vertical (Market Size -$Million / $Billion)7.1. Automotive7.2. Industrial7.3. Consumer Electronics7.4. Aerospace7.5. Oil & Gas7.6. Medical7.7. Others8. Tactile Sensor - By Geography (Market Size -$Million / $Billion)9. Tactile Sensor Market - Entropy9.1. New product launches9.2. M&A's, collaborations, JVs and partnerships10. Tactile Sensor Market Company Analysis10.1. Market Share, Company Revenue, Products, M&A, Developments10.2. Cirque Corporation10.3. Tekscan Inc.10.4. Synaptics Incorporated10.5. Tacterion GmbH10.6. Touch International Inc10.7. Airmar Technology Corporation10.8. Weiss Robotics10.9. Pressure Profile Systems10.10. Romheld10.11. Barrett TechnologyFor more information about this report visit https://www.researchandmarkets.com/r/lmw9mp CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

  • GLOBAL MARKETS-Bond scares linger, investors look to Powell

    Worries about lofty U.S. bond yields hit global shares on Thursday as investors waited to see if Federal Reserve Chair Jerome Powell would address concerns about a rapid rise in long-term borrowing costs. "Equities and yields continue to both drive and thwart one another," said James Athey, investment director at Aberdeen Standard Investments.

  • Emma Hayes praises Chelsea FC ‘character’ after eventful Women’s Champions League win over Atletico Madrid

    Emma Hayes hailed her “amazing” players after Chelsea Women survived an early red card and two penalties to put one foot in the Champions League quarter-finals. On a night of high drama against Atletico Madrid, Chelsea were reduced to 10 players when Sophie Ingle was sent off after 12 minutes and Ann-Katrin Berger was called to save spot-kicks in each half.

  • Smart Technology is Shaping the Future of Home Appliances in India, 2020 Report with Forecasts to 2025

    Dublin, March 04, 2021 (GLOBE NEWSWIRE) -- The "Smart Technology is Shaping the Future of Home Appliances in India, 2020" report has been added to ResearchAndMarkets.com's offering. This research service on smart home appliances in India offers the most up-to-date market data on the actual market situation by product categories (smart television, smart air conditioner, smart refrigerator, smart washing machine, smart air purifier, smart water purifier, and smart water heater). It covers the market landscape and its growth prospects for the coming years. It also includes a discussion of the key companies operating in this market. Smart appliances are appliances connected to the Internet or to the Bluetooth and are controlled or monitored through remote commands using a smartphone, tablet, or any other device. With more than 500 million smartphone users in India, mobile connectivity and availability of easy-to-install applications are drivers for the growth of smart appliances. IoT being a game-changer, has a growing penetration in home appliances. Prices of smart home appliances are on the higher end; demand is driven by high net worth individuals, the affluent, and the millennials. The research includes market data from FY2020 to FY2025 which gives the future outlook for the smart home appliances market in India and makes the study an invaluable resource for industry executives, marketing, sales, and product managers, analysts, and others looking for key industry data in readily accessible and clearly presented tables and graphs. An increasing number of globetrotting high net-worth individuals (HNIs) and their growing demand for convenience and ease are spurring the demand for smart home appliances, increase in the dependence on mobile applications, and acceptance of new technologies in the market, together contributing to the growing demand for smart home appliances in India. Digitalization is a demand catalyst for products with connectivity. The Digital India campaign launched by the government aims to make India digitally empowered by increasing Internet connectivity and speed. High-speed Internet encourages the purchase of products with connectivity, as it allays the fear of loss of control or other safety fears. Similarly, automation technologies are increasingly impacting homes. The increase in adoption of smart services will provide growth opportunities for the home automation market. The cumulative market revenue for smart home appliances market is expected to grow at a CAGR of 21.6% from FY2020 to FY2025. Catering to the needs of commercial end users and forging strategic partnerships with premium real estate developers are major growth opportunities for companies in the market. eCommerce sales have boosted the consumer electronics market to a large extent. RESEARCH SCOPE Geographic Coverage: IndiaMarket Type: Smart Home AppliancesStudy Period: FY2020-FY2025Base Year: FY2020Forecast Period: FY2021-FY2025Geographic Scope: North, South, East and WestProducts Covered: Smart Television, Smart Air Conditioner, Smart Refrigerator, Smart Washing Machine, Smart Water Purifier, Smart Water Heater, and Smart Air Purifier KEY ISSUES ADDRESSED How is the market for smart home appliances expected to grow in the future and at what rate?What are the various types of smart home appliances? What are the industry and competitive structures like?Which product types have potential as targets that could bring sustainable growth?What are the various channel routes operational in this market?What are the key market trends and technology trends?What are the growth opportunities for companies? Key Topics Covered: Strategic Imperatives Why Is It Increasingly Difficult to Grow?The Strategic Imperative The Impact of the Top Three Strategic Imperative on the Smart Home Appliances IndustryGrowth Opportunities Fuel the Growth Pipeline Engine Executive Summary, Smart Home Appliances Market Key Findings, Smart Home Appliances Market Growth Opportunity Analysis, Smart Home Appliances Market Smart Home Appliances Market Scope of AnalysisSmart Home Appliances Market SegmentationKey Competitors for Smart Home Appliances MarketKey Growth Metrics for Smart Home Appliances MarketDistribution Channels for Smart Home Appliances MarketGrowth Drivers for Smart Home Appliances MarketGrowth Driver Analysis for Smart Home Appliances MarketGrowth Restraints for Smart Home Appliances MarketGrowth Restraints Analysis for Smart Home Appliances MarketForecast Assumptions, Smart Home Appliances MarketRevenue and Unit Shipment Forecast, Smart Home Appliances MarketRevenue and Unit Shipment Forecast Discussion, Smart Home Appliances MarketRevenue Forecast by Product, Smart Home Appliances MarketRevenue Forecast by Product Discussion, Smart Home Appliances MarketRevenue Forecast by Region, Smart Home Appliances MarketRevenue Forecast by Region Discussion, Smart Home Appliances MarketRevenue Forecast by Distribution Channel, Smart Home Appliances MarketRevenue Forecast by Distribution Channel Discussion, Smart Home Appliances MarketPricing Trends Discussion, Smart Home Appliances MarketCompetitive Environment, Smart Home Appliances MarketMarket Share by Product, Smart Home Appliances MarketMarket Share, Smart Home Appliances MarketMarket Share Analysis, Smart Home Appliances MarketProduct Presence of Top Competitors, Smart Home Appliances MarketSWOT Analysis of Top Competitors, Smart Home Appliances Market Growth Opportunity Analysis, Smart Television Key Growth Metrics, Smart TelevisionKey Findings, Smart TelevisionRevenue and Unit Shipment Forecast, Smart TelevisionMarket Share Discussion, Smart Television Growth Opportunity Analysis, Smart Air Conditioner Key Growth Metrics, Smart Air ConditionerKey Findings, Smart Air ConditionerRevenue and Unit Shipment Forecast, Smart Air ConditionerMarket Share Discussion, Smart Air Conditioner Growth Opportunity Analysis, Smart Refrigerator Key Growth Metrics, Smart RefrigeratorKey Findings, Smart RefrigeratorRevenue and Unit Shipment Forecast, Smart RefrigeratorMarket Share Discussion, Smart Refrigerator Growth Opportunity Analysis, Smart Washing Machine Key Growth Metrics, Smart Washing MachineKey Findings, Smart Washing MachineRevenue and Unit Shipment Forecast, Smart Washing MachineMarket Share Discussion, Smart Washing Machine Growth Opportunity Analysis, Smart Water Purifier Key Growth Metrics, Smart Water PurifierKey Findings, Smart Water PurifierRevenue and Unit Shipment Forecast, Smart Water PurifierMarket Share Discussion, Smart Water Purifier Growth Opportunity Analysis, Smart Water Heater Key Growth Metrics, Smart Water HeaterKey Findings, Smart Water HeaterRevenue and Unit Shipment Forecast, Smart Water HeaterMarket Share Discussion, Smart Water Heater Growth Opportunity Analysis, Smart Air Purifier Key Growth Metrics, Smart Air PurifierKey Findings, Smart Air PurifierRevenue and Unit Shipment Forecast, Smart Air PurifierMarket Share Discussion, Smart Air Purifier Mega Trends, Smart Home Appliances Market Mega Trend Impact on the Smart Home Appliances MarketMega Trend Discussion Growth Opportunity Universe, Smart Home Appliances Market Growth Opportunity 1 - Strategic Partnerships between Participants for Smart Home Appliances, 2020Growth Opportunity 2 - Seamless Interoperability of Devices for Smart Home Appliances, 2020Growth Opportunity 3 - Mining Customer Insights for Smart Home Appliances, 2020Growth Opportunity 4 - Exploring Omnichannel Strategy for Smart Home Appliances, 2020Strategic Imperatives for Success and Growth, Smart Home Appliances Market Appendix - List Of Companies In Smart Home Appliances Market In India List of Players Present in Smart Home Appliances Market Next Steps For more information about this report visit https://www.researchandmarkets.com/r/tv6v1c CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

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  • Greensill Crisis Pressures Ambitious ‘Savior of Steel’ Gupta

    (Bloomberg) -- Greensill Capital’s unraveling is piling pressure on the sprawling empire of a British industrialist known as the “savior of steel.”Sanjeev Gupta’s GFG Alliance, which spans steel, aluminum, renewable energy and banking assets around the world, owes much of its expansion to Lex Greensill’s eponymous firm that’s fighting to stave off a collapse. GFG spent about $6 billion in just five years, targeting old, unwanted assets, with funding help from Greensill.But with Greensill’s supply chain finance business crumbling, the question is what that means for Gupta. By Wednesday, there were already signs of stress. Germany’s financial watchdog said it closed Greensill Bank AG after finding irregularities in how the lender booked assets tied to Gupta. Also, the Bank of England asked GFG’s Wyelands Bank to pay back retail depositors, prompting a fresh cash injection of 75 million pounds ($105 million) from its shareholder.The BoE took the step due to concerns with Wyelands’ business model and its exposure to the rest of the alliance, according to a person familiar with the matter, who asked not to be identified discussing private information. In a statement Wednesday, Gupta said that the bank was recapitalized following turmoil caused by Brexit and the pandemic, and that it planned to focus on “business advisory and connected finance” going forward.GFG has never published a consolidated set of accounts, making its financing near-impossible to track. In October, Gupta told Bloomberg that Greensill was its biggest lender and that while it planned to diversify funding, the relationship with the financier would likely go from strength to strength.“We’re very proud of our relationship with Greensill,” Gupta said at the time.The turmoil surrounding Greensill comes as Gupta’s businesses should be in a position to benefit from rallying commodities markets. Steel and aluminum prices have soared since the nadir of the Covid-19 pandemic on rebounding Chinese demand and bets that vaccine roll-outs will help drive a global economic recovery.A spokesperson for GFG said the group has “adequate current funds” and that plans to secure new financing were progressing well. They also said GFG has benefited from the recovery in steel and aluminum markets and that its businesses were running near full capacity.“It’s never good for companies to be over-leveraged, as in the case of GFG Alliance,” said Robin Bhar, an independent consultant to the metals industry and long-time market watcher. “That said, rising metals prices are always a panacea for many ills.”The son of an Indian industrialist, Gupta moved to the U.K. when he was 13. He started a commodity-trading business, Liberty House, in 1992 while studying at Cambridge University. While his foray into European steelmaking started in 2013, it was during the downturn of 2015 and 2016 that he really saw an opportunity to grow, snapping up distressed steel assets.Gupta now owns aluminum smelters in France and Scotland, and steel mills in the U.S., Australia, Romania and the Czech Republic. His group of companies employs 35,000 people in 30 countries, according to its website. He also recently made a bold bid for the steel unit of Germany’s Thyssenkrupp AG.German regulator BaFin has been scrutinizing Greensill Bank since last year, with concerns mostly related to its outsized exposure to Gupta. Among the most serious findings of the probe was that the bank booked claims for transactions that hadn’t yet occurred but which were accounted for as if they had, Bloomberg reported, citing people familiar with the matter.During an audit, BaFin found that Greensill Bank “was unable to provide evidence of the existence of receivables in its balance sheet that it had purchased from the GFG Alliance Group,” the regulator said. GFG has been an early backer and client of Greensill’s firm.Greensill said in a statement late Wednesday that it had received “extensive advice,” from law firms in the U.K. and Germany on how to classify the assets, and that it immediately complied after BaFin advised it at the end of 2020 that it didn’t agree with its accounting.“Greensill Bank has at all times been transparent with its regulators and auditors about its approach to classifying assets and the methodologies for determining such classifications,” a spokesman for the company said.The question over what Greensill’s future holds for GFG is also starting to worry labor unions.“The speculation is very concerning and we are pressing the company for answers,” said Community, one of the biggest unions for the U.K. steel sector. “We are ready to work with the company and the government to secure jobs and safeguard the future of this crucial strategic business.”(Updates with detail on BoE decision in fourth 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.