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Rafa Nadal takes selfies while working out

Despite limited staff at the Australian Open, Rafael Nadal was still kind enough to take selfies with fans while doing his workout. Source: Eurosport UK

Latest stories

  • UPDATE 1-IMF says will continue talks with Zambia, progress made

    The International Monetary Fund (IMF) said on Thursday that headway had been made during three weeks of talks over a programme for Zambia and discussions would continue, though a number of challenges remained. The southern African copper producer became the continent's first pandemic-era sovereign default after missing a coupon payment on a dollar bond in November. "Significant progress has been made and discussions are expected to continue in the next few weeks, following additional technical work on the appropriate policy package," the IMF said in a statement.

  • Why Churchill Capital IV, Canoo, Electrameccanica (SOLO), and Other Electric Vehicle Stocks Are Down Today

    Shares of quite a few electric vehicle and self-driving-related stocks, including some high-flying names, were trading lower on Thursday afternoon on growing economic concerns in the United States. Canoo Holdings (NASDAQ: GOEV) was down about 13.7%. Churchill Capital IV (NYSE: CCIV), the special purpose acquisition company preparing to merge with Lucid Motors, was down about 5.3%.

  • Bank of America, Morgan Stanley win dismissal of metals spoofing litigation

    A federal judge in Manhattan on Thursday dismissed litigation by traders and trading firms accusing Bank of America Corp and Morgan Stanley of manipulating the precious metals futures market by placing trades and then cancelling them before execution, or "spoofing". U.S. District Judge Lewis Liman in Manhattan said the June 2019 lawsuit over alleged spoofing in gold, silver, platinum and palladium futures from 2007 to 2014 was filed long after the two-year federal statute of limitations had run out. The investors said the clock started in January 2018 when the traders Edward Bases and John Pacilio, both from Connecticut and also defendants, were charged with commodities fraud.

  • Informa Markets Drives Economic Recovery with Safe and Successful Return to the Show Floor

    Informa Markets makes a customer-driven return to live events, driving economic recovery, connection and innovation through a collaborative and foundational approach to safetyORLANDO, Fla., March 04, 2021 (GLOBE NEWSWIRE) -- As industries and economies around the world look for opportunities to rebuild business in the wake of the COVID-19 pandemic, Informa Markets, a global organizer who creates platforms for a wide range of industries to trade, connect and grow, launched MAGIC Pop-Up Orlando from February 9-11 at the Orange County Convention Center. The ‘Pop-Up’, a smaller scale regional version of their keystone fashion event which typically takes place twice-yearly in Las Vegas, Nevada was a comprehensive ‘one-stop-shop’ opportunity for various segments of the fashion industry, one of the many industries hit hard by the pandemic’s devastating economic impact, to discover new brands, safely network with like-minded retailers, and generate much-needed revenue. Informa Markets Fashion, the platform organizers’ aptly-named portfolio of menswear, womenswear, footwear and apparel sourcing platforms, surveyed customers in late 2020 to identify how best to fulfill the needs of the fashion community. The answer was a resounding desire from both brands and retailers alike to return to the show floor in Q1 2021, a critical buying time for the fashion industry. In response, Informa Markets moved forward with a hybrid approach, launching an online marketplace, MAGIC Digital, alongside a physical event in Orlando. While Informa Markets believe strongly in the virtual format as a powerful complementary tool and a long-term twin engine for their 450+ brands, interest in the physical event exceeded their expectations—recording an astounding 40% more registrations than anticipated for the Orlando show. “The fashion industry is a very tactile one,” said Kelly Helfman, Commercial President, Informa Markets Fashion. “Buyers need to see and feel fabrics. While digital is an incredible tool to maintain connectivity, and help qualify buying trends, the power of face-to-face will always be important—in-person interactions are really not replicable in a digital format. While data can help guide decision making, qualifying suppliers with potential customers isn’t just a one-click experience—it requires deep understanding and relationship building in most cases. The past year has proven more than ever the true value of human connection, and we’ve seen that reflected by the enthusiasm for, and success of, this event.” MAGIC Pop Up Orlando featured a diverse array of up-and-coming designers and larger more established brands eager to connect with big box, online, specialty and boutique retailers, with the collective goal of reinvigorating the hard-hit fashion industry. “We love MAGIC and are so happy to be back here,” said Hanna Jung from By Together, a fashion wholesaler. “We have met so many new, diverse customers here in Orlando. The buyers were ecstatic that MAGIC came back into the market with this Pop-Up event.” But fashion is not the only sector eager to return to the show floor—it’s a trend Informa Markets is seeing across the many sectors it serves. In May, Informa Markets will host a platform for the aviation industry, also in search of a channel for learning, innovation and discovery that reaches beyond the screen. And in June, the organizer plans to return to Las Vegas, home to many of the country’s largest trade events, in response to similar enthusiasm from communities ranging from construction to cosmetics to recycling & waste. “Our events are platforms to re-build and re-invigorate industries,” said Nancy Walsh, President, North America, Informa Markets. “They serve a really important role in relationship building, in discovering innovation, and in revenue-driving for the communities they serve, especially when done in a safe and controlled way. That’s not just the Fashion community that this event served, but communities spanning across Health & Nutrition, Brand Licensing, Construction, Aviation, and more. Almost every industry has been impacted by the pandemic, and our customers, many of whom are small business owners, truly believe these platforms are more critical than ever before.” These platforms’ impacts, however, are not solely on their facilitation of growth and development of industry sectors. They also provide significant regional economic opportunity. The trade show industry is estimated to contribute $2.24 billion in annual economic value to the city of Las Vegas alone, and a 2018 study showed that globally tradeshows bring an average of 303 million visitors to host cities each year, supporting 1.3 million jobs and generating $136.9 billion in business sales. The pandemic’s impact on those working in the tourism and hospitality industry has been devastating, and trade shows support local economies, driving revenue to hotels, convention centers, and local businesses representing waiters, cooks, security providers, drivers, artists, printers, photographers, carpenters, laborers and more. In Orlando, the co-located event provided an estimated $15.35 million in economic value to the city over the course of just 3 days. “We are honored to have played a role in successfully hosting MAGIC Pop-Up Orlando. We are committed to keeping employees, guests and attendees healthy and safe at all events hosted at the OCCC, and we are thrilled to collaborate with organizers like MAGIC who share our commitment to safety,” said Mark Tester, Executive Director, Orange County Convention Center. “I experienced firsthand how dedicated the MAGIC Pop-Up Orlando team was to implementing measures to create a safe and controlled gathering, and we worked closely together to achieve that common goal.” While industries and local economies are eagerly looking for opportunities to recover, safety remains a core foundational element of Informa Markets’ return to the show floor. Informa helped spearhead an industry-wide approach to safety at trade events, known as the All Secure Standard, which provides guidelines to ensure safety is prioritized at all trade events. The Standard was a collaborative effort that has been adopted across the majority of global trade show organizers with the support of events industry associations and key partners, and has been objectively vetted by a team of medical experts. At MAGIC Pop-Up Orlando those guidelines came to life through open concept booths, widened aisles, 100+ hand sanitizing units and safety ambassadors, as well as mandatory mask-wearing, temperature screenings, and most notably, evidence of a negative COVID-19 test to enter the show floor—the first show of its kind to employ onsite testing in support of visitor safety. In the weeks after enhanced safety measures, including testing, were announced, MAGIC Orlando registrations soared, signaling that communities are eager to return to the show floor, when both their safety and success are prioritized. While a testing requirement may not be necessary moving forward, Informa Markets sees a continued effort toward targeting qualified audiences and rigorous safety measures as a dual engine in driving economic recovery, not just for the trade show industry, but for the industries and communities they serve and the cities that host their events. “I think it’s powerful that as an industry we have committed to the All Secure guidelines to ensure that we are approaching health and safety with the same rigor,” said Kevin Thornton, VP, Operations at Informa Markets. “Now, more than ever, it’s important for our industry to work together to prove that we can return to the show floor and that our communities can re-connect in secure ways. Testing may be an important piece of that, but long-term I think the value is really in our shared commitment to events that consistently value safety. Through our collective efforts, we have proven that live events are able to run with visitor health prioritized, signaling a real economic restart for the fashion community, the many other trade industries we serve, as well as the cities that host our events.” In addition to returning to their larger keystone events in 2021, Informa Markets plans to host similar, smaller-scale regional pop-ups in cities across the globe as they begin their gradual return to face-to-face event experiences. The platform organizer also plans to continue a hybrid approach to events to enable broader opportunities for customers to engage and communities to rebuild, both online and on the show floor. To learn more about the All Secure Standards, visit http://www.informa.com/allsecure. To learn more about testing, visit www.magicfashionevents.com. ABOUT INFORMA MARKETSInforma Markets creates platforms for industries and specialist markets to trade, innovate and grow. We provide marketplace participants around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, targeted digital services and actionable data solutions. We connect buyers and sellers across more than a dozen global verticals, including Pharmaceuticals, Food, Medical Technology and Infrastructure. As the world's leading market-making company, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com. MEDIA CONTACT: Casey ClemenzaGlobal Director, Corporate Communications, Informa Markets Casey.Clemenza@informa.com

  • Old Dominion Freight Line on Push to Hire 800 Class A CDL Truck Drivers Over the Next Three Months

    Old Dominion Freight Line, Inc. (Nasdaq: ODFL) anticipates hiring 800 Class A Commercial Driver’s License (CDL) truck drivers over the next three months to accommodate business growth. The new job openings are in response to a strong economic recovery with robust freight demand, tighter capacity and Old Dominion’s continual investment in its workforce. More than 1,200 jobs are currently open, including drivers, dock workers, and clerical positions. Applicants are encouraged to visit ODFLDrivers.com to learn more about the specific needs in their local market.

  • U.S., U.K. Weigh More Russia Sanctions, Possibly Targeting Debt

    (Bloomberg) -- The U.S. and U.K. are weighing additional penalties against Russia over the use of chemical weapons, with options ranging from sanctions against oligarchs to the extreme step of targeting the nation’s sovereign debt, according to people familiar with the matter.British officials plan to push for the Organisation for the Prohibition of Chemical Weapons to continue to pressure Russia to provide answers over its use of banned substances, and will raise potential measures with key European allies, including France and Germany, in the coming weeks, according to one of the people.The Biden administration announced its first sanctions against Russia on Tuesday, punishing the Kremlin for the poisoning and jailing of opposition leader Alexey Navalny. The penalties mirrored those imposed by the European Union and the U.K., mainly targeting senior Russian law enforcement officials and others allied with President Vladimir Putin.The ruble weakened against the dollar on the news, falling to a low of the day.The U.S. is expected to closely adhere to a 1991 chemical weapons law and follow-up with a second, more extensive round of sanctions unless Russia meets certain conditions, according to people familiar with the matter. Those include assurances it will refrain from the use of such weapons and allow inspections of suspected chemical weapons sites.The penalties were the latest sign of deepening tensions between Washington and Moscow, and the relationship could deteriorate further if Russia retaliates or the U.S. escalates its sanctions.All of the people spoke on condition of anonymity owing to the sensitivity of the matter. Communications aides at the White House National Security Council and the U.K. Foreign Office had no immediate comment Thursday.British officials are in discussions with U.S. counterparts about new measures. One trigger for additional steps would be if Russia continues to stonewall an investigation into Navalny’s poisoning, one person said.U.K. Foreign Secretary Dominic Raab on Thursday urged Russia to adhere to its obligations under international law.“These attacks are unacceptable. We urge Russia to investigate, adhere to its obligations under the Chemical Weapons Convention,” Raab tweeted.U.S. Secretary of State Antony Blinken sent a similar message Thursday.The U.S. could increase pressure on Russia with sanctions on oligarchs with powers under the Magnitsky Act, which authorizes the president to sanction individuals for human rights violations or corruption, the people said.But if Russia is again found to commit a major transgression of the international ban on chemical weapons, President Joe Biden would consider imposing sanctions on the nation’s sovereign debt if it could be done in cooperation with Europe, two of the people said.The Treasury Department under former Secretary Steven Mnuchin in 2018 warned of global financial market turmoil if Russia’s sovereign debt market were sanctioned, saying it could destabilize markets because of how deeply tied the Russian market is to global indexes.But others say that Russia has moved away from buying U.S.-denominated debt toward the euro, meaning that negative spillovers could be smaller than previously anticipated. That view is shared by Daleep Singh, a former Obama-era Treasury official, who is now a deputy on Biden’s National Security Council.In 2019, as a witness during a congressional hearing on Russia, Singh supported restricting purchases of Russian sovereign debt to protect U.S. national security interests. At the time, he said that damage to global markets resulting from prohibiting purchases of Russian debt would not be as significant because global investors have reduced their overall exposure to the nation since the Obama administration started sanctioning Russia in 2014.(Updates with ruble weakening 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.

  • Global GaN Semiconductor Devices Industry

    Global GaN Semiconductor Devices Market to Reach $2. 5 Billion by 2027. Amid the COVID-19 crisis, the global market for GaN Semiconductor Devices estimated at US$847. 8 Million in the year 2020, is projected to reach a revised size of US$2.New York, March 04, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global GaN Semiconductor Devices Industry" - https://www.reportlinker.com/p05956831/?utm_source=GNW 5 Billion by 2027, growing at a CAGR of 16.7% over the analysis period 2020-2027. Power Semiconductors, one of the segments analyzed in the report, is projected to record a 16.8% CAGR and reach US$622.5 Million by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Opto Semiconductors segment is readjusted to a revised 15.9% CAGR for the next 7-year period. The U.S. Market is Estimated at $251 Million, While China is Forecast to Grow at 16.1% CAGR The GaN Semiconductor Devices market in the U.S. is estimated at US$251 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$432.3 Million by the year 2027 trailing a CAGR of 16.1% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 14.9% and 14.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 12.2% CAGR. RF Semiconductors Segment to Record 17.5% CAGR In the global RF Semiconductors segment, USA, Canada, Japan, China and Europe will drive the 17.3% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$234.8 Million in the year 2020 will reach a projected size of US$717.5 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$301 Million by the year 2027.We bring years of research experience to this 6th edition of our report. The 152-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Competitors identified in this market include, among others, Bridgelux, Inc.Cree, Inc.Infineon Technologies AGNichia CorporationNXP Semiconductors NVOsram Opto Semiconductors GmbHQorvo, Inc.Toyoda Gosei Co., Ltd. Read the full report: https://www.reportlinker.com/p05956831/?utm_source=GNW I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Global Competitor Market Shares GaN Semiconductor Devices Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE Table 1: GaN Semiconductor Devices Global Market Estimates and Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 2: GaN Semiconductor Devices Market Share Shift across Key Geographies Worldwide: 2020 VS 2027 Table 3: Power Semiconductors (Segment) World Market by Region/Country in US$ Thousand: 2020 to 2027 Table 4: Power Semiconductors (Segment) Market Share Breakdown of Worldwide Sales by Region/Country: 2020 VS 2027 Table 5: Opto Semiconductors (Segment) Potential Growth Markets Worldwide in US$ Thousand: 2020 to 2027 Table 6: Opto Semiconductors (Segment) Market Sales Breakdown by Region/Country in Percentage: 2020 VS 2027 Table 7: RF Semiconductors (Segment) Geographic Market Spread Worldwide in US$ Thousand: 2020 to 2027 Table 8: RF Semiconductors (Segment) Market Share Distribution in Percentage by Region/Country: 2020 VS 2027 Table 9: Automotive (End-Use) Demand Potential Worldwide in US$ Thousand by Region/Country: 2020-2027 Table 10: Automotive (End-Use) Share Breakdown Review by Region/Country: 2020 VS 2027 Table 11: Consumer Electronics (End-Use) Worldwide Latent Demand Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 12: Consumer Electronics (End-Use) Distribution of Global Sales by Region/Country: 2020 VS 2027 Table 13: Aerospace & Defense (End-Use) Sales Estimates and Forecasts in US$ Thousand by Region/Country for the Years 2020 through 2027 Table 14: Aerospace & Defense (End-Use) Global Market Share Distribution by Region/Country for 2020 and 2027 Table 15: Healthcare (End-Use) Global Opportunity Assessment in US$ Thousand by Region/Country: 2020-2027 Table 16: Healthcare (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2020 VS 2027 Table 17: Information & Communication Technology (End-Use) Worldwide Sales in US$ Thousand by Region/Country: 2020-2027 Table 18: Information & Communication Technology (End-Use) Market Share Shift across Key Geographies: 2020 VS 2027 Table 19: Other End-Uses (End-Use) Global Market Estimates & Forecasts in US$ Thousand by Region/Country: 2020-2027 Table 20: Other End-Uses (End-Use) Market Share Breakdown by Region/Country: 2020 VS 2027 III. MARKET ANALYSIS GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US GaN Semiconductor Devices Market Share (in %) by Company: 2019 & 2025 Market Analytics Table 21: United States GaN Semiconductor Devices Market Estimates and Projections in US$ Thousand by Segment: 2020 to 2027 Table 22: United States GaN Semiconductor Devices Market Share Breakdown by Segment: 2020 VS 2027 Table 23: United States GaN Semiconductor Devices Latent Demand Forecasts in US$ Thousand by End-Use: 2020 to 2027 Table 24: GaN Semiconductor Devices Market Share Breakdown in the United States by End-Use: 2020 VS 2027 CANADA Table 25: Canadian GaN Semiconductor Devices Market Estimates and Forecasts in US$ Thousand by Segment: 2020 to 2027 Table 26: GaN Semiconductor Devices Market in Canada: Percentage Share Breakdown of Sales by Segment for 2020 and 2027 Table 27: Canadian GaN Semiconductor Devices Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027 Table 28: Canadian GaN Semiconductor Devices Market Share Analysis by End-Use: 2020 VS 2027 JAPAN Table 29: Japanese Market for GaN Semiconductor Devices: Annual Sales Estimates and Projections in US$ Thousand by Segment for the Period 2020-2027 Table 30: Japanese GaN Semiconductor Devices Market Share Analysis by Segment: 2020 VS 2027 Table 31: Japanese Demand Estimates and Forecasts for GaN Semiconductor Devices in US$ Thousand by End-Use: 2020 to 2027 Table 32: GaN Semiconductor Devices Market Share Shift in Japan by End-Use: 2020 VS 2027 CHINA Table 33: Chinese GaN Semiconductor Devices Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027 Table 34: Chinese GaN Semiconductor Devices Market by Segment: Percentage Breakdown of Sales for 2020 and 2027 Table 35: Chinese Demand for GaN Semiconductor Devices in US$ Thousand by End-Use: 2020 to 2027 Table 36: Chinese GaN Semiconductor Devices Market Share Breakdown by End-Use: 2020 VS 2027 EUROPE Market Facts & Figures European GaN Semiconductor Devices Market: Competitor Market Share Scenario (in %) for 2019 & 2025 Market Analytics Table 37: European GaN Semiconductor Devices Market Demand Scenario in US$ Thousand by Region/Country: 2018-2025 Table 38: European GaN Semiconductor Devices Market Share Shift by Region/Country: 2020 VS 2027 Table 39: European GaN Semiconductor Devices Market Estimates and Forecasts in US$ Thousand by Segment: 2020-2027 Table 40: European GaN Semiconductor Devices Market Share Breakdown by Segment: 2020 VS 2027 Table 41: European GaN Semiconductor Devices Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027 Table 42: European GaN Semiconductor Devices Market Share Analysis by End-Use: 2020 VS 2027 FRANCE Table 43: GaN Semiconductor Devices Market in France by Segment: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 44: French GaN Semiconductor Devices Market Share Analysis by Segment: 2020 VS 2027 Table 45: GaN Semiconductor Devices Quantitative Demand Analysis in France in US$ Thousand by End-Use: 2020-2027 Table 46: French GaN Semiconductor Devices Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027 GERMANY Table 47: GaN Semiconductor Devices Market in Germany: Recent Past, Current and Future Analysis in US$ Thousand by Segment for the Period 2020-2027 Table 48: German GaN Semiconductor Devices Market Share Breakdown by Segment: 2020 VS 2027 Table 49: GaN Semiconductor Devices Market in Germany: Annual Sales Estimates and Forecasts in US$ Thousand by End-Use for the Period 2020-2027 Table 50: GaN Semiconductor Devices Market Share Distribution in Germany by End-Use: 2020 VS 2027 ITALY Table 51: Italian GaN Semiconductor Devices Market Growth Prospects in US$ Thousand by Segment for the Period 2020-2027 Table 52: Italian GaN Semiconductor Devices Market by Segment: Percentage Breakdown of Sales for 2020 and 2027 Table 53: Italian Demand for GaN Semiconductor Devices in US$ Thousand by End-Use: 2020 to 2027 Table 54: Italian GaN Semiconductor Devices Market Share Breakdown by End-Use: 2020 VS 2027 UNITED KINGDOM Table 55: United Kingdom Market for GaN Semiconductor Devices: Annual Sales Estimates and Projections in US$ Thousand by Segment for the Period 2020-2027 Table 56: United Kingdom GaN Semiconductor Devices Market Share Analysis by Segment: 2020 VS 2027 Table 57: United Kingdom Demand Estimates and Forecasts for GaN Semiconductor Devices in US$ Thousand by End-Use: 2020 to 2027 Table 58: GaN Semiconductor Devices Market Share Shift in the United Kingdom by End-Use: 2020 VS 2027 REST OF EUROPE Table 59: Rest of Europe GaN Semiconductor Devices Market Estimates and Forecasts in US$ Thousand by Segment: 2020-2027 Table 60: Rest of Europe GaN Semiconductor Devices Market Share Breakdown by Segment: 2020 VS 2027 Table 61: Rest of Europe GaN Semiconductor Devices Addressable Market Opportunity in US$ Thousand by End-Use: 2020-2027 Table 62: Rest of Europe GaN Semiconductor Devices Market Share Analysis by End-Use: 2020 VS 2027 ASIA-PACIFIC Table 63: GaN Semiconductor Devices Market in Asia-Pacific by Segment: Estimates and Projections in US$ Thousand for the Period 2020-2027 Table 64: Asia-Pacific GaN Semiconductor Devices Market Share Analysis by Segment: 2020 VS 2027 Table 65: GaN Semiconductor Devices Quantitative Demand Analysis in Asia-Pacific in US$ Thousand by End-Use: 2020-2027 Table 66: Asia-Pacific GaN Semiconductor Devices Market Share Analysis: A 7-Year Perspective by End-Use for 2020 and 2027 REST OF WORLD Table 67: Rest of World GaN Semiconductor Devices Market Estimates and Forecasts in US$ Thousand by Segment: 2020 to 2027 Table 68: GaN Semiconductor Devices Market in Rest of World: Percentage Share Breakdown of Sales by Segment for 2020 and 2027 Table 69: Rest of World GaN Semiconductor Devices Market Quantitative Demand Analysis in US$ Thousand by End-Use: 2020 to 2027 Table 70: Rest of World GaN Semiconductor Devices Market Share Analysis by End-Use: 2020 VS 2027 IV. COMPETITION Total Companies Profiled: 46Read the full report: https://www.reportlinker.com/p05956831/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________ CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001

  • Pet-Based Company Pawtocol Partners with memeunity to Expand its Virtual Adoption Program by Creating Memes on The Blockchain

    Pawtocol Collaborates With Memeunity Welcome to pet Memes on the Blockchain! This is Pawtocol's entry into the NFT market -- a new method for digitally buying and selling art and other media. These crypto-assets represent the latest blockchain-based boom. As of 2020, NFT has grown 705% to $338 million in value. MIAMI, March 04, 2021 (GLOBE NEWSWIRE) -- Pawtocol, the world’s most advanced blockchain-based pet community, has entered into a collaboration with memeunity, a meme-based interactive media company that is a decentralized social network to create one-of-kind memes as part of its continued pledge to create a no-kill nation. In this unique alliance, users will be able to virtually adopt a pet and once they pay for the virtual adoption by using Pawtocol’s Universal Pet Income (UPI) currency, they will be able to create a meme for that pet and trade it so the pet can raise money to find a home. Additionally, Pawtocol will create a service for rescues to create profiles of pets as an NFT and be able to sell it in the market to help the pet find a home “This massive opportunity allows us to continue working with shelters and rescues worldwide and make sure that every animal gets a fair chance in life,” says Karim Quazzani, CEO of Pawtocol. “By partnering with the exciting minds at memeunity we get to do this in a novel cutting-edge way with a huge audience.” Users will also be able to make unique memes out of their virtually adopted pets and trade them like baseball cards. Says memeunity: “With Pawtocol venturing into the disruption of the pet industry and changing the status quo, memeunity will offer yet another weapon to their vision: Pawtocol as our first blockchain company to have their section on our MU Citadel as well as offering the Pawtocol nation NFT accessibility, their category, and a section where both Pawtocol’s team and the community backing them can easily trade on MU Citadel.” memeunity is also implementing a double reward system that allows Pawtocol’s community members to receive MUU rewards for every transaction they make on their marketplace, provided it’s related to Pawtocol. NFT is a new method for digitally buying and selling art and other media. These crypto-assets represent the latest blockchain-based boom. As of 2020, NFT has grown 705% to $338 million in value, according to the latest estimate from Nonfungible.com, which monitors the NFT marketplace. ABOUT PAWTOCOL PAWTOCOL practices ESG principles by being Environmentally and Socially responsible, with inclusive and transparent Governance (the backbone of Blockchain) - while showing users how to use their pet's data to not just help other pets and pet parents, but to earn income as well.Telegram: https://t.me/pawtocolTwitter: https://twitter.com/pawtocolFacebook https://www.facebook.com/Pawtocol/YouTube https://www.youtube.com/channel/UCqDegf8dpZU6fx7VQI0yQOg CONTACT: Team@pawtocol.com ABOUT memeunity Memeunity is an Interactive Media company that allows you to directly interact with the platform itself, set your focus on your own account’s progress, and your meme rewards as you rise in the ranks of meme deities. Social here: Twitter: https://twitter.com/thememeunity Medium: https://medium.com/@memeunity YouTube: https://www.youtube.com/channel/UCwDOahAdtQm3rbxQBE2YOnA Reddit: https://www.reddit.com/r/memeunityonreddit/ Website: memeunity.com A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bdd11a1a-ba5e-4431-a8ba-faecd37cf5ac

  • Greensill’s Overnight Downfall Was Many Months in Making

    (Bloomberg) -- From the outside, 2020 was bringing validation to the idea behind Lex Greensill’s financial empire.His eponymous firm was seeking funds at a lofty valuation with the pitch that the pandemic laid bare small suppliers’ need to be paid quickly.But by the middle of last year, two parallel sets of events were quietly threatening two of the biggest sources of funding that enabled his brand of financial disruption -- eventually bringing the firm to a breaking point.In July, an obscure Australian insurer refused to extend policies covering the loans Greensill made, taking away the security blanket that allowed major investors like Credit Suisse Group AG to get comfortable with his courting clients below their radar. And around the same time, the German regulator BaFin started a probe into his fast-growing bank in Bremen.At issue in both cases was the question of risk, and in BaFin’s case, the amount of it that was tied to another entrepreneur in Greensill’s inner circle, Sanjeev Gupta. He had been an early client and investor in Greensill, and the loans to Gupta’s firms fueled the growth of both men’s conglomerates.Interviews with more than a dozen people familiar with the matter show how the twin threads unraveled rapidly this week, bringing Greensill’s firm to the verge of collapse. Started a decade ago with a promise of “making finance fairer” -- attracting backers such as SoftBank Group Corp. and advisers like former U.K. Prime Minister David Cameron -- Greensill Capital’s swift spiral now is risking thousands of jobs at borrowing companies, disrupting the supply chains of multinationals and even the U.K. healthcare system.It has been a stunning comedown for a firm that as recently as last year was touting a valuation of $7 billion. Greensill Capital is planning to start insolvency proceedings in the U.K. as it seeks to sell its operating business to Athene Holding Ltd., the annuity seller backed by Apollo Global Management. And Germany’s financial watchdog shuttered Greensill Bank after asking law enforcement officials to investigate accounting irregularities at the lender.Greensill, whose interest in supply-chain finance stemmed from his early years working on his family’s farm in Australia, carved a niche for himself in a fast-growing business that saw a boost in the years following the global financial crisis more than a decade ago. Banks were pulling back from lending to smaller firms, as regulations around risky lending practices grew increasingly more onerous.Cameron, GuptaTo lawmakers eager to stimulate a recovery, supply chain finance seemed like the perfect solution. In 2012, then-Prime Minister Cameron announced a supply-chain finance program that was designed to get funding to small companies quicker. Greensill was an adviser to the U.K. government on that program, and in 2017 was anointed as a Commander of the British Empire for his services to the economy.Greensill had started his own firm in 2011 after stints at Morgan Stanley and Citigroup Inc., later attracting $1.5 billion of investment from SoftBank Group Corp. The firm says it provided $143 billion in financing last year.Over the years, Greensill has also been closely linked to British-Indian businessman Gupta, the man once dubbed the “savior of steel” by the U.K. press because of his penchant to buy up moribund steel plants.Greensill’s links to Gupta have roiled other money managers. Long-dated project finance notes tied to Gupta’s GFG Alliance and arranged by Greensill were at the center of an investigation that prompted the suspension of GAM Holding AG’s one-time star Tim Haywood in 2018.BaFin’s AuditBaFin last year started a forensic audit of Greensill Bank, charging KPMG with the task, after concerns emerged that too many of the assets on the bank’s books were ultimately tied to the same source: Gupta.Gupta, a former commodities trader, heads GFG Alliance, a loose collection of entities owned by him and other family members. Much of the business, which spans steel, aluminum and renewable energy, was built at a breakneck pace that saw him spend about $6 billion over a five-year period on a series of deals and investments from Scotland to South Carolina. The targets were largely old, unwanted assets in need of significant investment.Providing the financial firepower that drove the spree was Greensill’s eponymous firm. Gupta told Bloomberg News in October that Greensill was the company’s biggest lender. Athene isn’t planning to take on assets linked to Gupta, according to people with the matter.The links between Greensill and Gupta ultimately proved to be the focus of BaFin’s probe. The KPMG probe found irregularities with how Greensill Bank booked certain assets linked to Gupta. One of the most serious findings was that the bank had booked claims for transactions that hadn’t yet occurred but which were accounted for as if they had.“BaFin found that Greensill Bank AG was unable to provide evidence of the existence of receivables in its balance sheet that it had purchased from the GFG Alliance Group, ” according to a statement from the German regulator.‘Extensive Advice’Greensill said in a statement late Wednesday that it had received “extensive advice,” from law firms in the U.K. and Germany, “which informed the way in which the assets were classified.” The company also said that it immediately complied after BaFin advised it late last year and early this year 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 by email.Pressure from BaFin was a factor that prompted Greensill to look for potential buyers for its exposure to Gupta earlier this year. One of the parties that Greensill reached out to was Credit Suisse, people familiar with the matter said.But on the other side of the globe in Australia, separate developments were afoot. In a last-ditch effort to make its insurer extend policies that were due to lapse on March 1, Greensill took Bond and Credit Company, a unit of Tokio Marine Holding, to court. The company warned that losing $4.6 billion in insurance coverage for its 40 or so clients could spark defaults and put 50,000 jobs at risk. But late on Monday a judge in Sydney struck down Greensill’s injunction.Hours later in Zurich, Credit Suisse suspended its $10 billion family of funds that invested in loans arranged by Greensill, choking off a key source of funding to the companies. The insurance lapse left some debt no longer valued on the strength of the insurer but rather on the underlying borrower, triggering questions on the valuations of the assets.Cracks on the value of the loans had started to show last year. Several companies that borrowed through Greensill-backed Credit Suisse funds collapsed, including NMC Health, Agritrade International, and BrightHouse.The insurance arrangements had given firms like Greensill’s the flexibility to court smaller borrowers that wouldn’t otherwise be able to get investment-grade ratings, with a measure of security that an insurance policy brings. The impeccable credentials also allowed Credit Suisse to sell funds to investors such as pensions and corporate treasurers seeking suitable assets to help boost returns.It’s not clear why Bond and Credit Company allowed the policies to lapse. In denying Greensill’s injunction to force the insurer to renew the contracts, the Australian judge noted that “despite the fact that the underwriters’ position was made clear eight months ago, apparently Greensill only sought legal advice about its position” in the last week of February.(Updates with additional information on Greensill deal talks in 15th paragraph. An earlier version of the story was corrected to include company statement that legal advice informed the way assets were classified in 18th 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.

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  • Global Gas Generators Industry

    Global Gas Generators Market to Reach $10. 6 Billion by 2027. Amid the COVID-19 crisis, the global market for Gas Generators estimated at US$6. 7 Billion in the year 2020, is projected to reach a revised size of US$10.New York, March 04, 2021 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Global Gas Generators Industry" - https://www.reportlinker.com/p05956834/?utm_source=GNW 6 Billion by 2027, growing at a CAGR of 6.7% over the analysis period 2020-2027. Industrial, one of the segments analyzed in the report, is projected to record a 6.6% CAGR and reach US$4.8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Commercial segment is readjusted to a revised 6.7% CAGR for the next 7-year period. The U.S. Market is Estimated at $1.8 Billion, While China is Forecast to Grow at 10.2% CAGR The Gas Generators market in the U.S. is estimated at US$1.8 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.3 Billion by the year 2027 trailing a CAGR of 10.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.7% and 6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 4.3% CAGR. Residential Segment to Record 7% CAGR In the global Residential segment, USA, Canada, Japan, China and Europe will drive the 6.5% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$1.2 Billion in the year 2020 will reach a projected size of US$1.8 Billion by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027, while Latin America will expand at a 8.3% CAGR through the analysis period. We bring years of research experience to this 6th edition of our report. The 174-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed. Competitors identified in this market include, among others, Aggreko PLCAPR EnergyBriggs & Stratton CorporationCamda New Energy Equipment Co. Ltd.Caterpillar, Inc.Cooper Corporation Pvt. Ltd.Cummins, Inc.Dresser-Rand Group, Inc.Elcos s.r.l.FG WilsonGenerac Power Systems, Inc.General Electric CompanyGenesal EnergyGENMAC srlGreaves Cotton LimitedGuangdong Honny Power-Tech Co., Ltd.Guangdong Westin Power Co., Ltd.Himoinsa Power Systems, Inc.Himoinsa S.L.Jakson GroupKirloskar Oil Engines Ltd.Kohler Co.MAN Truck & Bus AGMitsubishi Heavy Industries Ltd.Perkins Engines Company LimitedPowerica LimitedPR INDUSTRIAL srlRolls-Royce Power Systems AGShandong Naipute Gas Power Co., Ltd.Sudhir Power Ltd.Wartsila CorporationWuxi Baifa Power Ltd.Yamaha Motor Co., Ltd. Read the full report: https://www.reportlinker.com/p05956834/?utm_source=GNW I. INTRODUCTION, METHODOLOGY & REPORT SCOPE II. EXECUTIVE SUMMARY 1. MARKET OVERVIEW Global Competitor Market Shares Gas Generator Competitor Market Share Scenario Worldwide (in %): 2019 & 2025 Impact of Covid-19 and a Looming Global Recession 2. FOCUS ON SELECT PLAYERS 3. MARKET TRENDS & DRIVERS 4. GLOBAL MARKET PERSPECTIVE Table 1: Gas Generators Global Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 2: Gas Generators Global Retrospective Market Scenario in US$ Million by Region/Country: 2012-2019 Table 3: Gas Generators Market Share Shift across Key Geographies Worldwide: 2012 VS 2020 VS 2027 Table 4: Industrial (End-Use) Global Opportunity Assessment in US$ Million by Region/Country: 2020-2027 Table 5: Industrial (End-Use) Historic Sales Analysis in US$ Million by Region/Country: 2012-2019 Table 6: Industrial (End-Use) Percentage Share Breakdown of Global Sales by Region/Country: 2012 VS 2020 VS 2027 Table 7: Commercial (End-Use) Worldwide Sales in US$ Million by Region/Country: 2020-2027 Table 8: Commercial (End-Use) Historic Demand Patterns in US$ Million by Region/Country: 2012-2019 Table 9: Commercial (End-Use) Market Share Shift across Key Geographies: 2012 VS 2020 VS 2027 Table 10: Residential (End-Use) Global Market Estimates & Forecasts in US$ Million by Region/Country: 2020-2027 Table 11: Residential (End-Use) Retrospective Demand Analysis in US$ Million by Region/Country: 2012-2019 Table 12: Residential (End-Use) Market Share Breakdown by Region/Country: 2012 VS 2020 VS 2027 III. MARKET ANALYSIS GEOGRAPHIC MARKET ANALYSIS UNITED STATES Market Facts & Figures US Gas Generator Market Share (in %) by Company: 2019 & 2025 Market Analytics Table 13: United States Gas Generators Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027 Table 14: Gas Generators Historic Demand Patterns in the United States by End-Use in US$ Million for 2012-2019 Table 15: Gas Generators Market Share Breakdown in the United States by End-Use: 2012 VS 2020 VS 2027 CANADA Table 16: Canadian Gas Generators Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027 Table 17: Gas Generators Market in Canada: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019 Table 18: Canadian Gas Generators Market Share Analysis by End-Use: 2012 VS 2020 VS 2027 JAPAN Table 19: Japanese Demand Estimates and Forecasts for Gas Generators in US$ Million by End-Use: 2020 to 2027 Table 20: Japanese Gas Generators Market in US$ Million by End-Use: 2012-2019 Table 21: Gas Generators Market Share Shift in Japan by End-Use: 2012 VS 2020 VS 2027 CHINA Table 22: Chinese Demand for Gas Generators in US$ Million by End-Use: 2020 to 2027 Table 23: Gas Generators Market Review in China in US$ Million by End-Use: 2012-2019 Table 24: Chinese Gas Generators Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027 EUROPE Market Facts & Figures European Gas Generator Market: Competitor Market Share Scenario (in %) for 2019 & 2025 Market Analytics Table 25: European Gas Generators Market Demand Scenario in US$ Million by Region/Country: 2020-2027 Table 26: Gas Generators Market in Europe: A Historic Market Perspective in US$ Million by Region/Country for the Period 2012-2019 Table 27: European Gas Generators Market Share Shift by Region/Country: 2012 VS 2020 VS 2027 Table 28: European Gas Generators Addressable Market Opportunity in US$ Million by End-Use: 2020-2027 Table 29: Gas Generators Market in Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019 Table 30: European Gas Generators Market Share Analysis by End-Use: 2012 VS 2020 VS 2027 FRANCE Table 31: Gas Generators Quantitative Demand Analysis in France in US$ Million by End-Use: 2020-2027 Table 32: French Gas Generators Historic Market Review in US$ Million by End-Use: 2012-2019 Table 33: French Gas Generators Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027 GERMANY Table 34: Gas Generators Market in Germany: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027 Table 35: German Gas Generators Market in Retrospect in US$ Million by End-Use: 2012-2019 Table 36: Gas Generators Market Share Distribution in Germany by End-Use: 2012 VS 2020 VS 2027 ITALY Table 37: Italian Demand for Gas Generators in US$ Million by End-Use: 2020 to 2027 Table 38: Gas Generators Market Review in Italy in US$ Million by End-Use: 2012-2019 Table 39: Italian Gas Generators Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027 UNITED KINGDOM Table 40: United Kingdom Demand Estimates and Forecasts for Gas Generators in US$ Million by End-Use: 2020 to 2027 Table 41: United Kingdom Gas Generators Market in US$ Million by End-Use: 2012-2019 Table 42: Gas Generators Market Share Shift in the United Kingdom by End-Use: 2012 VS 2020 VS 2027 SPAIN Table 43: Spanish Gas Generators Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027 Table 44: Gas Generators Market in Spain: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019 Table 45: Spanish Gas Generators Market Share Analysis by End-Use: 2012 VS 2020 VS 2027 RUSSIA Table 46: Russian Gas Generators Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027 Table 47: Gas Generators Historic Demand Patterns in Russia by End-Use in US$ Million for 2012-2019 Table 48: Gas Generators Market Share Breakdown in Russia by End-Use: 2012 VS 2020 VS 2027 REST OF EUROPE Table 49: Rest of Europe Gas Generators Addressable Market Opportunity in US$ Million by End-Use: 2020-2027 Table 50: Gas Generators Market in Rest of Europe: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019 Table 51: Rest of Europe Gas Generators Market Share Analysis by End-Use: 2012 VS 2020 VS 2027 ASIA-PACIFIC Table 52: Asia-Pacific Gas Generators Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 53: Gas Generators Market in Asia-Pacific: Historic Market Analysis in US$ Million by Region/Country for the Period 2012-2019 Table 54: Asia-Pacific Gas Generators Market Share Analysis by Region/Country: 2012 VS 2020 VS 2027 Table 55: Gas Generators Quantitative Demand Analysis in Asia-Pacific in US$ Million by End-Use: 2020-2027 Table 56: Asia-Pacific Gas Generators Historic Market Review in US$ Million by End-Use: 2012-2019 Table 57: Asia-Pacific Gas Generators Market Share Analysis: A 17-Year Perspectiveby End-Use for 2012, 2020, and 2027 AUSTRALIA Table 58: Gas Generators Market in Australia: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027 Table 59: Australian Gas Generators Market in Retrospect in US$ Million by End-Use: 2012-2019 Table 60: Gas Generators Market Share Distribution in Australia by End-Use: 2012 VS 2020 VS 2027 INDIA Table 61: Indian Gas Generators Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027 Table 62: Gas Generators Market in India: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019 Table 63: Indian Gas Generators Market Share Analysis by End-Use: 2012 VS 2020 VS 2027 SOUTH KOREA Table 64: Gas Generators Market in South Korea: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027 Table 65: South Korean Gas Generators Historic Market Analysis in US$ Million by End-Use: 2012-2019 Table 66: Gas Generators Market Share Distribution in South Korea by End-Use: 2012 VS 2020 VS 2027 REST OF ASIA-PACIFIC Table 67: Rest of Asia-Pacific Demand Estimates and Forecasts for Gas Generators in US$ Million by End-Use: 2020 to 2027 Table 68: Rest of Asia-Pacific Gas Generators Market in US$ Million by End-Use: 2012-2019 Table 69: Gas Generators Market Share Shift in Rest of Asia-Pacific by End-Use: 2012 VS 2020 VS 2027 LATIN AMERICA Table 70: Latin American Gas Generators Market Trends by Region/Country in US$ Million: 2020-2027 Table 71: Gas Generators Market in Latin America in US$ Million by Region/Country: A Historic Perspective for the Period 2012-2019 Table 72: Latin American Gas Generators Market Percentage Breakdown of Sales by Region/Country: 2012, 2020, and 2027 Table 73: Latin American Demand for Gas Generators in US$ Million by End-Use: 2020 to 2027 Table 74: Gas Generators Market Review in Latin America in US$ Million by End-Use: 2012-2019 Table 75: Latin American Gas Generators Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027 ARGENTINA Table 76: Argentinean Gas Generators Addressable Market Opportunity in US$ Million by End-Use: 2020-2027 Table 77: Gas Generators Market in Argentina: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019 Table 78: Argentinean Gas Generators Market Share Analysis by End-Use: 2012 VS 2020 VS 2027 BRAZIL Table 79: Gas Generators Quantitative Demand Analysis in Brazil in US$ Million by End-Use: 2020-2027 Table 80: Brazilian Gas Generators Historic Market Review in US$ Million by End-Use: 2012-2019 Table 81: Brazilian Gas Generators Market Share Analysis: A 17-Year Perspective by End-Use for 2012, 2020, and 2027 MEXICO Table 82: Gas Generators Market in Mexico: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027 Table 83: Mexican Gas Generators Market in Retrospect in US$ Million by End-Use: 2012-2019 Table 84: Gas Generators Market Share Distribution in Mexico by End-Use: 2012 VS 2020 VS 2027 REST OF LATIN AMERICA Table 85: Rest of Latin America Gas Generators Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027 Table 86: Gas Generators Historic Demand Patterns in Rest of Latin America by End-Use in US$ Million for 2012-2019 Table 87: Gas Generators Market Share Breakdown in Rest of Latin America by End-Use: 2012 VS 2020 VS 2027 MIDDLE EAST Table 88: The Middle East Gas Generators Market Estimates and Forecasts in US$ Million by Region/Country: 2020-2027 Table 89: Gas Generators Market in the Middle East by Region/Country in US$ Million: 2012-2019 Table 90: The Middle East Gas Generators Market Share Breakdown by Region/Country: 2012, 2020, and 2027 Table 91: The Middle East Gas Generators Market Quantitative Demand Analysis in US$ Million by End-Use: 2020 to 2027 Table 92: Gas Generators Market in the Middle East: Summarization of Historic Demand Patterns in US$ Million by End-Use for 2012-2019 Table 93: The Middle East Gas Generators Market Share Analysis by End-Use: 2012 VS 2020 VS 2027 IRAN Table 94: Iranian Demand Estimates and Forecasts for Gas Generators in US$ Million by End-Use: 2020 to 2027 Table 95: Iranian Gas Generators Market in US$ Million by End-Use: 2012-2019 Table 96: Gas Generators Market Share Shift in Iran by End-Use: 2012 VS 2020 VS 2027 ISRAEL Table 97: Israeli Gas Generators Addressable Market Opportunity in US$ Million by End-Use: 2020-2027 Table 98: Gas Generators Market in Israel: Summarization of Historic Demand in US$ Million by End-Use for the Period 2012-2019 Table 99: Israeli Gas Generators Market Share Analysis by End-Use: 2012 VS 2020 VS 2027 SAUDI ARABIA Table 100: Saudi Arabian Demand for Gas Generators in US$ Million by End-Use: 2020 to 2027 Table 101: Gas Generators Market Review in Saudi Arabia in US$ Million by End-Use: 2012-2019 Table 102: Saudi Arabian Gas Generators Market Share Breakdown by End-Use: 2012 VS 2020 VS 2027 UNITED ARAB EMIRATES Table 103: Gas Generators Market in the United Arab Emirates: Recent Past, Current and Future Analysis in US$ Million by End-Use for the Period 2020-2027 Table 104: United Arab Emirates Gas Generators Historic Market Analysis in US$ Million by End-Use: 2012-2019 Table 105: Gas Generators Market Share Distribution in United Arab Emirates by End-Use: 2012 VS 2020 VS 2027 REST OF MIDDLE EAST Table 106: Gas Generators Market in Rest of Middle East: Annual Sales Estimates and Forecasts in US$ Million by End-Use for the Period 2020-2027 Table 107: Rest of Middle East Gas Generators Market in Retrospect in US$ Million by End-Use: 2012-2019 Table 108: Gas Generators Market Share Distribution in Rest of Middle East by End-Use: 2012 VS 2020 VS 2027 AFRICA Table 109: African Gas Generators Latent Demand Forecasts in US$ Million by End-Use: 2020 to 2027 Table 110: Gas Generators Historic Demand Patterns in Africa by End-Use in US$ Million for 2012-2019 Table 111: Gas Generators Market Share Breakdown in Africa by End-Use: 2012 VS 2020 VS 2027 IV. COMPETITION Total Companies Profiled: 33Read the full report: https://www.reportlinker.com/p05956834/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________ CONTACT: Clare: clare@reportlinker.com US: (339)-368-6001 Intl: +1 339-368-6001

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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.Athene Holding Ltd., which is in talks to rescue Greensill Capital from imminent collapse, isn’t planning to take on assets linked to Gupta, according to people with the matter.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, “which informed the way in which the assets were classified.” The company also said 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 additional information on Greensill deal talks in eighth paragraph. An earlier version of the story was corrected to include company statement that legal advice informed the way assets were classified in 14th 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.

  • Powell Sends Dovish Message That Leaves Bond Market Disappointed

    (Bloomberg) -- Federal Reserve Chair Jerome Powell fired a warning shot across the bow of the bond market on Thursday but stopped well short of trying to rein in rising long-term interest rates.The recent run-up in bond yields “was something that was notable and caught my attention,” he told a Wall Street Journal webinar. “I would be concerned by disorderly conditions in markets or persistent tightening in financial conditions that threatens the achievement of our goals.”Bond yields have climbed in recent weeks on mounting expectations of stronger economic growth and faster inflation after the pandemic ends. Trading has been turbulent at times as dealers have struggled to keep up with the order flow. The higher yields have also unsettled the stock market, particularly shares of high technology companies.Powell repeatedly sought to reassure the skittish markets that the Fed was nowhere close to pulling back on its massive support for the economy, even as he voiced hopes of better economic times ahead.“We will be patient,” he said. “We’re still a long way from our goals.”Ten-year Treasuries extended losses and inflation expectations reached new session highs as Powell spoke, with some traders disappointed that the Fed chair didn’t provide an specifics on what the central could possibly due to tamp down long-term rates if they desired. The dollar continued higher and U.S. shares fell further.In a note to clients, Krishna Guha, vice chairman at Evercore ISI, had this to say about the Fed chair’s performance: “Powell stays dovish but not dovish enough to prevent further increases in yields.”The Fed chief stressed that the Fed was not focused on bond yields per se but rather on financial conditions more broadly.“Financial conditions are highly accommodative and that’s appropriate given the ground the economy has to cover,” he said. “If conditions do change materially, the committee is prepared to use the tools that is has to foster the achievement of its goals.”He declined to be drawn on what that might entail, including whether the Fed would resurrect “Operation Twist,” a maneuver which would involve eliminating its holding of Treasury bills and putting the money in longer-term securities to try to bring down bond yields.Policy ‘Appropriate’“Our current policy stance is appropriate,” he said.The Fed has said it will keep short-term interest rates pinned near zero until the labor market has reached maximum employment and inflation has risen to 2% and is on track to moderately exceed that level for some time.As the economic outlook has improved, investors have moved forward their expectations for the first Fed rate hike to early 2023.Asked if the shortened time-frame was consistent with the Fed’s thinking, Powell said it would all depend on what happens to the economy. But he suggested that an increase was a long ways off.“It is a picture of an economy that is all but fully recovered,” he said, of the conditions the Fed has set for lift off. “Realistically, that is going to take some time.”Powell played down fears that the Fed’s ultra-easy monetary policy and significantly stepped-up government spending would lead to an unwanted surge in inflation.Price Rises TemporaryIn answer to questions about those concerns, Powell said it’s more likely that prices move up in the next year but don’t stay up, “and certainly not staying up to the point where they would move inflation expectations materially above 2%.”The Fed chair expressed optimism for U.S. jobs while reiterating that there’s still a long way to go as the economy recovers from the pandemic.“While there are still risks, there’s good reason to expect job creation to pick up in coming months,” he said.Powell said he didn’t think the labor market would return to maximum employment in 2021.The pandemic-damaged economy has shown pockets of strength at the start of the year. Retail sales surged in January by the most in seven months, while manufacturing expanded in February at the fastest pace in three years.The jobs market has lagged, with claims filed for unemployment benefits stuck at historically very elevated levels. Payrolls barely rose in January, by 49,000, after a 227,000 decline in December. A new reading on the jobs market will come on Friday, with the release of the monthly employment report for February.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.