White House deputy press secretary T.J. Ducklo has resigned, the day after he was suspended for sending a sexist and profane threat to a journalist seeking to cover his relationship with another reporter.
White House deputy press secretary T.J. Ducklo has resigned, the day after he was suspended for sending a sexist and profane threat to a journalist seeking to cover his relationship with another reporter.
(Bloomberg) -- China’s most senior officials gathered in Beijing to kick off the annual full-session of the country’s parliament, the National People’s Congress.Chinese Premier Li Keqiang delivered his work report, the equivalent of the U.S. State-of-the-Union address, and unveiled a conservative target for economic growth this year of above 6%. But China’s new five-year plan that runs through 2025 didn’t give a numeric target for average growth.What to Know:Click here to read more on this year’s NPCEverything you need to knowPremier Li Keqiang’s full work report. Highlights hereA QuickTake explainer on the NPCWhat analysts say to watch out for this yearBloomberg Intelligence previews the NPC. Reaction to GDP goalHow China plans to be greener by 2025Clips of other reactions here, here. Key takeaways hereLatest developments: (Time-stamps are local time in Beijing)Upcoming Events: Foreign Minister, 5-Year Plan BriefingKey upcoming NPC events that have been announced so far include:March 7, afternoon -- Foreign Minister Wang Yi speaks to mediaMarch 8, 10:00 -- NDRC Vice Chairman Ning Jizhe discusses 14th five-year plan at briefingFamily Offices Overhaul (12:30 p.m.)Xiao Gang, former chairman of China’s securities regulator, proposed revising the nation’s family trust law, saying impediments such as high taxes have forced many family trusts to hoard cash rather than make investments, according to the China Securities Journal.Assets controlled by China’s wealthiest people are expected to double from 2019 to 116 trillion yuan ($18 trillion) by 2025, according to UBS Global Research. But according to a Credit Suisse Group AG report in October, wealth inequality has also risen rapidly, estimating that the country had 5.8 million millionaires and 21,100 residents had wealth of above $50 million — more than any country except the U.S. — at the end of 2019.Feeding 1.4 Billion Mouths (12:25 p.m.)China rolled out a roadmap to boost crop production in the world’s most populous nation, highlighting concerns over food security after the country imported record amounts of meat, corn and soybeans last year. Measures include creating agricultural belts devoted to large-scale farming and providing sufficient subsidies to motivate grain farmers, according to the latest five-year plan that sets out key economic and political goals through 2025.Food security is moving to the top of the government’s agenda after the coronavirus pandemic and outbreaks of African swine fever raised concerns over whether China could guarantee food supplies for its 1.4 billion people. Imports of meat and grains surged last year, driving global prices higher and stoking worries over food inflation.Fresh Blow to Tech Giants (12:27 p.m.)China called on its technology giants to share key data, dealing a further blow to the companies already reeling from heightened antitrust scrutiny.Companies are encouraged to open up data related to areas from search to e-commerce and social media, in order to promote the healthy development of the sharing and online economies, according to a government report outlining the Communist Party’s top priorities for the next five years. Beijing is also establishing a platform for sharing public and government data.Biosecurity (11:45 a.m.)China will ramp up construction and management of high-grade biosecurity lab, according to the nation’s five-year plan through 2025 released on Friday.More Oversight of Ant? (11:30 a.m.)China plans to step up oversight of financial holding companies and the nation’s booming fintech industry, Premier Li Keqiang said, setting the tone for closer scrutiny over the next five years of behemoths including Jack Ma’s Ant Group Co.The authorities will also expand an anti-monopoly crackdown and prevent the “unregulated” expansion of capital to create fair competition, Li said Friday at the opening of the National People’s Congress. The fintech sector should be developed in a “prudent” manner and China aims to create a “deviation correction” mechanism to fix and suspend innovative financial products when needed, according to a separate plan covering policies for 2021 to 2025.China’s policymakers are walking a fine line of trying to curb risks at home while encouraging local champions as the economy opens wider to foreign capital. Fintech has become the latest target of scrutiny since the nation’s leaders pledged in 2017 to clean up threats to its $53 trillion financial industry, tackling property loans, opaque wealth management products and fraud-riddled peer-to-peer lending.Overhauling H.K. Electoral System (11:16 a.m.)China is curbing the ability of democracy activists to win elections in Hong Kong, with local reports saying a vote for the territory’s legislature would be delayed another year to September 2022.The National People’s Congress will review a draft resolution on changes to Hong Kong’s electoral system in the coming days, according to an agenda published Thursday by the official Xinhua News Agency. For weeks Chinese President Xi Jinping and other officials have called for “patriots” to run Hong Kong, effectively signaling that anybody deemed disloyal to Beijing couldn’t hold a leadership position.Separately, Hong Kong Chief Executive Carrie Lam said the city will amend local election legislation after China’s top legislative body passes new election rules for the city’s leader and lawmakers. The amendments will be tabled at the legislature for vetting, the principle of “patriots ruling Hong Kong” is fully in line with constitutional requirements of the city and “One Country, Two Systems” will be placed in jeopardy if forces that oppose China and stir up trouble in Hong Kong enter the political system via elections, she said.Tackling Housing (11:02 a.m.)China pledged to solve the housing problem in large cities at its top legislative session, as monetary loosening after the pandemic spurred a rush to real estate in the biggest hubs, pushing home affordability there to the worst ever.“We will address prominent housing issues in large cities,” Premier Li Keqiang said. Li echoed President Xi Jinping’s mantra that houses are “for living in, not for speculation” in the key report, signaling that policy makers may maintain a tight rein on the bubble-prone sector. “We will keep the prices of land and housing as well as market expectations stable,” he said.Boosting Usage of Non-Fossil Fuels (10:52 a.m.)In its 14th 5-year plan released Friday, China said it plans non-fossil fuels to account for 20% of energy use by 2025, versus 15% at the end of 2019. The country is also targeting it nuclear power capacity to increase about 40% to 70 gigawatts by 2025.China will also boost oil-and-gas exploration, expand its gas pipeline network, improve coal transportation and increase its ability to ensure supply. More Charging Stations for Electric Cars (10:40 a.m.)China aims to boost auto sales and add more charging facilities for electric vehicles this year. The government will encourage “steady increases” in spending on cars and “abolish excessive restrictions” on the sale of used vehicles, Premier Li Keqiang said Friday. More car parks, EV charging stations and battery-swapping facilities will be built, and battery recycling systems developed at a faster pace, Li said.Premier Calls for Breakthroughs in Core Tech (10:29 a.m.)In his address Friday, Premier Li Keqiang outlined steps the government will take to make China into a global tech power. That includes building more national laboratories and innovation centers, as well as ramping up efforts to implement a little-heard of program called the Sci-Tech Innovation 2030 Agenda. Li also said China’s R&D spending will increase by more than 7% per year, which “is expected to account for a higher percentage of GDP” than during the previous five-year plan.Defense Budget Growth Fastest in Two Years (10:20 a.m.)China’s defense spending is expected to grow 6.8% this year to 1.35 trillion yuan ($208 billion), according a budget report released today. That would be the fastest pace in two years. “We will boost military training and preparedness across the board, make overall plans for responding to security risks in all areas and for all situations,” Premier Li Keqiang said in his work report.Boosting Trade with U.S. Allies (10:05 a.m.)China may join an Asia-Pacific trade pact comprised of key U.S. allies that former President Donald Trump exited, Premier Li Keqiang said Friday. In his work report, Li said Beijing “will actively consider joining” the 11-nation agreement known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. It includes nations that China has sparred with recently such as Australia, Canada and Japan.China Stocks Fall 10% From Recent Peak (9:59 a.m.)Chinese markets opened as Premier Li Keqiang was delivering his work report at the NPC and continued their recent slide, with the benchmark CSI 300 Index dropping as much as 2% at the start of trading. That put the index down 10% from a peak reached on Feb. 10. The rout has come amid growing concern that Beijing will begin to tighten liquidity conditions as the country’s economy recovers from the effects of the coronavirus.Cuts in Carbon Emissions (09:43 a.m.)China will devise a plan for carbon emissions to peak by 2030 and is targeting an 18% cut per unit of GDP by 2025, according to Premier Li’s work report. The nation will also aim for a 3% reduction in energy consumption per unit of GDP in 2021 and a 13.5% reduction by 2025.Tencent’s Pony Ma Makes Proposals (09:16 a.m.)Tencent founder and Chief Executive Pony Ma, who is an NPC delegate, is attending this year’s event in Beijing and submitted a proposal for better preserving China’s natural resources. Ma’s whereabouts have attracted attention after he skipped last year’s NPC and was also absent from several major Tencent events due to health reasons.China Sets Modest GDP Target for 2021 (09:00 a.m.)China set a conservative economic growth target of above 6% for the year, well below what economists forecast, and outlined ongoing fiscal support to keep the country’s recovery going. Other key economic targets include:Fiscal deficit target set at 3.2% of GDP for 2021, versus 3.6% in 2020CPI target set at 3% for 2021, versus around 3.5% in 2020Target for new urban job creation set at 11 million in 2021, versus 9 million in 2020Special government bond quota set at 3.65 trillion yuan in 2021, versus 3.75 trillion yuan in 2020For 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.
It's believed the mum's final incredible act saved the lives of her five-year-old twin boys.
"Of course it was a huge mistake," Diego Forlan says. "As soon as Barcelona said he was for sale, I knew it was a mistake."
Tyler Technologies, Inc. prices offering of $525 million convertible senior notes due 2026.
TORONTO, March 04, 2021 (GLOBE NEWSWIRE) -- EARLY WARNING REPORT REGARDING THE DISPOSITION OF SECURITIES OF STEPPE GOLD LTD. BY TRIPLE FLAG INTERNATIONAL LTD. Item 1 - Security and Reporting Issuer This press release relates to common shares (the “Shares”) of Steppe Gold Ltd. (the “Issuer”) and updates a press release dated May 23, 2018. The Issuer’s address is: Steppe Gold Ltd.90 Adelaide St. West, Suite 400Toronto, ON M5H 3V9 The transaction that triggered the requirement to file this press release was a sale of Shares made on the Nasdaq CXC on March 4, 2021, (the “Current Report Sales”) together with changes in the outstanding securities of the Issuer and other changes that have occurred since the date of the early warning report filed on May 23, 2018 (the “Original Report”). Item 2 - Identity of the Acquiror The Original Report was filed on behalf of: The Liverpool Limited Partnership (“Liverpool”), which was and remains owned and controlled by Elliott Associates, L.P. (“Elliott Associates”); Elliott Management Corporation (“Elliott Management”), which was then the investment manager of Elliott Associates; Elliott International, L.P. (“Elliott International”) and its then investment manager Elliott International Capital Advisors Inc. (“Elliott International Capital Advisors”); and Triple Flag International Ltd. (formerly Triple Flag Mining Finance Bermuda Ltd.) (“Triple Flag”), which was and continues to be indirectly owned, as to a majority of voting interests, by Triple Flag Mining Elliott and Management Co-Invest LP (formerly Triple Flag Mining Co-Invest LP) and Triple Flag Mining Aggregator s.à r.l. (formerly Triple Flag Mining Aggregator Ltd.), and ultimately indirectly under the direction and control of Elliott International. This press release is being filed on behalf of Elliott Investment Management L.P. (“Elliott Investment Management”), which is currently the investment manager of Liverpool and Elliott International, and is also being filed on behalf of Triple Flag, which is indirectly owned, as to a majority of voting interests, by Elliott International. Elliott Investment Management, Liverpool, Elliott International and Triple Flag are collectively referred to as the “Acquiror”. The address of the Acquiror is as follows: c/o Elliott Investment Management L.P.Phillips Point, East Tower777 S. Flagler Drive, Suite 1000West Palm Beach, FL 33401USA On March 4, 2021, Triple Flag sold 1,500,000 Shares that were held by Triple Flag in transactions effected through the facilities of Nasdaq CXC (collectively, the “Current Report Sales”) at an average sale price of Cdn. $2.3501 per Share. Item 3 - Interest in Securities of the Reporting Issuer Prior to Current Report Sales - Immediately prior to making the Current Report Sales, as a result of changes in the outstanding securities of the Issuer since the date of the Original Report, including the expiry of previously outstanding convertible securities, and as a result of the transfer of 30,000 Shares transferred from Liverpool to Elliott International on January 13, 2021 at a price of Cdn. $2.45 per Share, the Acquiror was deemed to beneficially own, or have control or direction over, the following securities of the Issuer: 1,050,000 Shares held by Elliott International;450,000 Shares held by Liverpool;2,080,000 Shares held by Triple Flag;2,300,000 additional Shares issuable to Triple Flag on the exercise of certain unit purchase warrants (the “Unit Purchase Warrants”), each entitling the holder to acquire, on or before September 15, 2022, one Share and one underlying warrant (the “Underlying Warrants”) at an exercise price of Cdn. $2.00 per Unit Purchase Warrant;2,080,000 additional Shares issuable to Triple Flag on the exercise of certain common share purchase warrants, each such warrant entitling the holder to acquire, on or before May 22, 2023, one Share at an exercise price per Share equal to the initial public offering price of Steppe Gold Ltd.; andassuming exercise of the Unit Purchase Warrants on or before September 15, 2022, 2,300,000 additional Shares issuable to Triple Flag on the exercise of Underlying Warrants, each Underlying Warrant entitling the holder to acquire, on or before May 22, 2023, one Share at an exercise price per Share equal to the initial public offering price of Steppe Gold Ltd. Based on 68,836,405 Shares outstanding as reported by the Toronto Stock Exchange website on March 4, 2021 and the Issuer’s Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2020 and 2019, immediately prior to effecting any of the Current Report Sales the Acquiror was deemed to hold 10,260,000 Shares, including both the 3,580,000 Shares actually issued and outstanding and the 6,680,000 Shares that the Acquiror has a right to acquire within 60 days, for a total of 75,516,405 Shares deemed outstanding, representing approximately 13.59% of the Shares deemed to be outstanding. Triple Flag, independently, was deemed to be the beneficial owner of 8,760,000 of the 75,516,405 Shares deemed to be outstanding, including both the number of Shares actually outstanding and the Shares issuable upon the exercise of rights to acquire Shares within 60 days held by Triple Flag, representing approximately 11.60%. Following the Current Report Sales - After giving effect to the Current Report Sales, the Acquiror was deemed to beneficially own, or have control or direction over, the following securities of the Issuer: 1,050,000 Shares held by Elliott International;450,000 Shares held by Liverpool;580,000 Shares held by Triple Flag;2,300,000 additional Shares issuable to Triple Flag on the exercise of certain unit purchase warrants (the “Unit Purchase Warrants”), each entitling the holder to acquire, on or before September 15, 2022, one Share and one underlying warrant (the “Underlying Warrants”) at an exercise price of Cdn. $2.00 per Unit Purchase Warrant;2,080,000 additional Shares issuable to Triple Flag on the exercise of certain common share purchase warrants, each such warrant entitling the holder to acquire, on or before May 22, 2023, one Share at an exercise price per Share equal to the initial public offering price of Steppe Gold Ltd.; andassuming exercise of the Unit Purchase Warrants on or before September 15, 2022, 2,300,000 additional Shares issuable to Triple Flag on the exercise of Underlying Warrants, each Underlying Warrant entitling the holder to acquire, on or before May 22, 2023, one Share at an exercise price per Share equal to the initial public offering price of Steppe Gold Ltd. Based on 68,836,405 Shares outstanding as reported by the Toronto Stock Exchange website on March 4, 2021 and the Issuer’s Condensed Interim Consolidated Financial Statements for the three and nine months ended September 30, 2020 and 2019, immediately after the completion of the Current Report Sales the Acquiror was deemed to hold 8,760,000 Shares, including both Shares actually issued and outstanding and Shares that the Acquiror has a right to acquire within 60 days, representing approximately 11.60% of the 75,516,405 Shares deemed to be outstanding, including both the number of Shares actually outstanding and the 6,680,000 Shares issuable upon the exercise of rights to acquire Shares within 60 days held by the Acquiror. Triple Flag, independently, was deemed to be the beneficial owner of approximately 9.61% of the 75,516,405 Shares deemed to be outstanding, including both the number of Shares actually outstanding and the Shares issuable upon the exercise of rights to acquire Shares within 60 days held by Triple Flag. The Original Report disclosed that the Shares held by Triple Flag, including securities deemed to be owned by Triple Flag and outstanding as a result of a right to acquire additional Shares within 60 days on the exercise of convertible securities, represented approximately 18.17% of the Issuer’s issued and outstanding common shares, rather than the current approximately 9.61% held by Triple Flag, representing a decrease of approximately 8.56%. The Original Report also disclosed that the Shares held by Triple Flag, together with those held by Liverpool and Elliott International, represented approximately 23.65% of the issued and outstanding Shares, rather than the current approximately 11.60% held by the Acquiror in the aggregate, representing a decrease of approximately 12.05%. The Acquiror disposed of ownership of, and ceased to have control over, the Shares. Item 4 - Purpose of the Transaction As of the date of this Current Report, the Acquiror does not have any specific current plan or future intention to participate in a transaction which would relate to or result in the acquisition of additional securities of the Issuer, or the disposition of securities of the Issuer, but may or may not purchase or sell securities of the Issuer in the future on the open market or in private transactions in the ordinary course, depending on market conditions and other factors material to the Acquiror’s investment decision. As of the date of this report, the Acquiror does not have any specific current plan or future intention to participate in a transaction or other material change which would relate to or result in the occurrence of any of the items listed below, but may decide to do so in the event that a firm proposal for a transaction or other material change is advanced by the Issuer, or any other party, on terms satisfactory to the Acquiror: (a) a corporate transaction, such as a merger, reorganization or liquidation, involving the reporting issuer or any of its subsidiaries; (b) a sale or transfer of a material amount of the assets of the reporting issuer or any of its subsidiaries; (c) a change in the board of directors or management of the reporting issuer, including any plans or intentions to change the number or term of directors or to fill any existing vacancy on the board; (d) a material change in the present capitalization or dividend policy of the reporting issuer; (e) a material change in the reporting issuer’s business or corporate structure; (f) a change in the reporting issuer’s charter, bylaws or similar instruments or another action which might impede the acquisition of control of the reporting issuer by any person or company; (g) a class of securities of the reporting issuer being delisted from, or ceasing to be authorized to be quoted on, a marketplace; (h) the issuer ceasing to be a reporting issuer in any jurisdiction of Canada; (i) a solicitation of proxies from securityholders; (j) an action similar to any of those enumerated above. Item 5 - Agreements, Arrangements, Commitments or Understandings With Respect to Securities of the Reporting Issuer Triple Flag and the Issuer entered into an investor rights agreement dated September 15, 2017 (“Investor Rights Agreement”), to be in effect until certain milestone dates are achieved under Triple Flag’s metals purchase and sale agreement with the Issuer and Steppe Gold LLC dated August 11, 2017. Pursuant to the terms of the Investor Rights Agreement, Triple Flag is granted a director nomination right for so long as the Investor Rights Agreement remains in effect. At any time that Triple Flag has not exercised its director nomination right, it shall be entitled to a board observer right. Triple Flag also has a pre-emptive right to, subject to certain exceptions, participate in any equity issuances of the Issuer up to Triple Flag and its affiliate’s pro rata share. For further details or to obtain a copy of the early warning report filed in connection with the Current Report Sales, please visit www.sedar.com or contact: ELLIOTT MANAGEMENT CORPORATIONJeffrey BlumTel: (212) 974-6000Email: firstname.lastname@example.org
Coach Stacey Marinkovich is yet to make a public call on her starting goal-shooter for the third netball Test against New Zealand after Diamonds rookie Cara Koenen outshone stalwart Caitlin Bassett last time out.With former captain and long-time first-choice shooter Bassett relegated to the bench for game two, Koenen earned MVP honours in her starting debut, scoring 29 points as the Australians levelled the four-game series with a 45-36 victory.
The Labor Department's closely watched employment report on Friday will, however, also offer a reminder that as the United States enters the second year of the coronavirus pandemic the recovery remains excruciatingly slow, with millions of Americans experiencing long spells of joblessness and permanent unemployment. Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labor market, but cautioned a return to full employment this year was "highly unlikely." "We will probably see more people having gone back on payrolls," said Sung Won Sohn, a finance and economics professor at Loyola Marymount University in Los Angeles.
GPS earnings call for the period ending December 31, 2020.
CERT earnings call for the period ending December 31, 2020.
Image source: The Motley Fool. Veritone, Inc. (NASDAQ: VERI)Q4 2020 Earnings CallMar 04, 2021, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorGood day, and welcome to the Veritone fourth-quarter 2020 financial results conference call.
AZUL earnings call for the period ending December 31, 2020.
For those who have not been able to do so, you may download the presentation from www.pldt.com under the Investor Relations section. For today's presentation, we have with us Mr. Manny Pangilinan, Chairman and CEO; Mr. Al Panlilio, Chief Revenue Officer; Anabelle Lim Chua, Chief Finance Officer; Mr. Joachim Horn, Next Generation Technology Solutions Advisor of Smart Communications; as well as other members of the PLDT management team.
The Labor Department's closely watched employment report on Friday will, however, also offer a reminder that as the United States enters the second year of the coronavirus pandemic the recovery remains excruciatingly slow, with millions of Americans experiencing long spells of joblessness and permanent unemployment. Federal Reserve Chair Jerome Powell on Thursday offered an optimistic view of the labor market, but cautioned a return to full employment this year was "highly unlikely."
Steinhausen, March 5, 2021 – Schweiter Technologies posted a record-high result amid challenging market conditions. Despite the COVID-19 pandemic and negative currency effects, the Group posted sales of CHF 1,160.2 million in 2020, which was only slightly lower than the previous year's CHF 1,179.6 million (-2%). In local currencies, sales were +3% higher versus 2019. Group EBITDA improved by a staggering +43% compared with the previous year (+49% in local currencies), reaching a new record high of CHF 175.7 million. The return on net sales rose by close to 5 %-points to 15.1%. EBIT also rose faster than sales to CHF 137.6 million (previous year: CHF 85.2 million), while net income increased to CHF 103.5 million (previous year: CHF 60.0 million). Operating cash flow came to about CHF 158 million, equivalent to a year-on-year increase of more than 51%. Cash and cash equivalents rose to around CHF 164 million following a dividend distribution of approximately CHF 57 million. At the General Meeting on April 1, 2021, the Board of Directors will propose paying a dividend of CHF 40 per bearer share and to elect two new independent members of the Board of Directors. A change at the top of the management board is also planned for 2022. The 2020 Annual Report and the investor presentation can be downloaded from: http://www.schweiter.ch/s1a200/investoren/geschaftsberichte-prasentationen.html Key figuresSchweiter Technologies Group (in CHF m) 2020 2019 + / - Net revenues 1,160.2 1,179.6 -2%EBITDA 175.7 123.1 +43% as a % of net revenues 15.1% 10.4% EBIT 137.6 85.2 +61%Net income 103.5 60.0 +73% Business performanceIn a year dominated by the COVID-19 pandemic, the diversification of Schweiter Technologies proved to be a strength. While some market segments and geographies were affected by the lockdown measures and had to cope with a steep fall in demand, the European display business in particular, with its variety of clear sheet products, and the Core Materials business for the wind energy sector benefited from firm demand.The Group responded promptly to the pandemic in order to ensure that production continued uninterrupted while protecting the health of its employees. In particular, production at sites that manufacture transparent sheets for protection against infection were operating at the limits of capacity. Moreover, demand from wind energy customers picked up appreciably following a strong performance the previous year.A flexible response at production sites with lower capacity utilization coupled with lower raw material costs and selective price adjustments produced a disproportionately large increase in profitability and a record-high result. DisplayThe European display business was marked by two contrasting trends. On the one hand, clear sheet production was running at full capacity, and the company took a number of measures so as to be able to meet the exceptionally high demand for transparent sheets. On the other hand, display revenues in the areas of advertising, trade fairs and interior design plummeted between March and September. The US display business also suffered a massive downturn in demand in these areas. The integration and restructuring of the foamboard business of Newell Brands Inc., acquired in September, was set in motion successfully as planned. The acquisition will contribute to the Group's profit growth as of the coming year.Growth in profitability clearly outpaced sales growth owing to falling raw material prices, high capacity utilization in clear sheet production, a temporary reduction in production capacity plus strict cost discipline at all sites. ArchitectureThe Architecture segment produced very mixed results in regional terms. While sales in the USA increased further following a strong performance the previous year, the European and Asian businesses fell short of the 2019 levels.The construction sector in Europe showed wide differences from country to country. Construction projects in Central Europe, primarily Germany, continued virtually unabated, whereas construction activity in some core markets such as France, the United Kingdom, and southern Europe came to a complete standstill at times owing to the pandemic. On top of this, the ongoing uncertainties surrounding Brexit had a negative impact on demand in the UK.Construction in Asia was also very mixed regionally, impacted by project delays and building freezes. In China, the construction business practically came to a standstill in the first quarter but then recovered gradually, reaching gratifying levels by the fourth quarter. The markets in India and the Middle East felt the impact of the pandemic with a certain time lag.The US construction industry was also hit by temporary lockdown measures, but nevertheless managed to gain market share and post further sales growth despite the pandemic-related challenges. Amid challenging market conditions, sales continued to rise, driven by the strategic expansion of the customer base, an ever improving service level, and intensified consulting services for technical applications. Core MaterialsThe Core Materials segment maintained the previous year's strong momentum despite COVID-19-related challenges, posting double-digit revenue growth. In particular, the ongoing firm demand for core materials for the wind energy sector was a key factor in the steep sales gains and resulted in very high capacity utilization at the production sites and disproportionately high profit growth.In regional terms, China again reported the strongest sales growth following significant increases the previous year. Demand from wind customers in the USA and Europe also trended strongly. Moreover, sales in the US marine market outpaced the previous year as of the second quarter, whereas revenues in the European Non-wind area were lower year-on-year.3A Composites has a great competitive advantage since it covers the entire value chain in the balsa business, from seedlings to its own FSC®-certified plantations in Ecuador and Papua New Guinea and right up to the finished products. This makes the business less exposed to rising raw material prices and moreover ensures reliable delivery of balsa products to its customers.A new PET production facility in China started the production at the end of 2020 in order to be closer to Asian customers and to be better able to meet the steeply rising demand. Transport & IndustryAfter the most successful year in its history to date, the Mobility segment reported a double-digit decline in its sales revenue.The Road Vehicles business was particularly hard hit by the current crisis because the component market for coaches collapsed almost completely as of the second quarter and did not stage any significant recovery for the rest of the year.Sales revenue in the Rail business also fell short of the previous year, although the decline in this area was not nearly as steep.Despite numerous adverse circumstances, the segment managed to turn in a satisfactory profit by promptly adjusting capacity and imposing strict cost management. Outlook3A Composites has gotten off to a strong start in the new year. However, business performance will be determined by the future course of the pandemic and the economic impact of the related lockdown measures. Nevertheless, it will be difficult to repeat the record result from the previous year in 2021.The Display segment already demonstrated in the third quarter of 2020 that a swift recovery of the markets is possible. Assuming positive news about vaccines, additional economic stimuli, and an end to political uncertainty in the USA, we anticipate a gradual recovery of the retail trade and, along with that, an upturn in revenues for advertising and shop design. On the other hand, we expect that demand for transparent sheets for protection against infection will weaken.The Architecture segment should benefit in 2021 from a catch-up effect from postponed projects along with the implementation of projects that have already been initiated. However, a temporary stagnation in the USA is to be expected in the second half of 2021 because the fall-off in new building projects in 2020 will take some time before it affects the façade market.The Core Materials segment forecasts demand to remain high in the wind energy business area. Moreover, the Non-wind area holds out the promise of additional growth opportunities. On the other hand, sales prices, especially in China, can be expected to fall owing to changed market conditions and tougher competition.The Transport segment anticipates a challenging year because the market for buses will remain weak before any recovery sets in. The demand for rail vehicles, by contrast, is more robust but, depending on how the pandemic plays out, there may be further postponements of infrastructure projects, which would have a direct impact on demand for trains and railways. General MeetingBased on Art. 27 of the Federal Council's Ordinance 3 on Measures to Combat the Coronavirus (COVID-19 Ordinance 3), the General Meeting on April 1, 2021 will be held, as it was last year, without the presence of shareholders in person. Voting rights may be exercised through written or electronic power of attorney delegated to the independent proxy holder. Further information will be sent with the Invitation.The Board of Directors will propose paying an unchanged dividend of CHF 40 per bearer share at the General Meeting. This adds up to a total payout of about CHF 57 million. Motion for the election of KPMG as auditorTo ensure good corporate governance, the office of auditor was re-tendered. The Board of Directors will propose to the General Meeting of April 1, 2021 the appointment of a new auditor. KPMG is to replace Deloitte, which has served as the auditor of Schweiter Technologies Ltd. for more than 20 years. The Board thanks Deloitte for its many years of close cooperation. Changes on the Board of Directors and ManagementAs previously announced, Lukas Braunschweiler will unfortunately not stand for re-election to the Board of Directors at the General Meeting on April 1, 2021 after serving on the Board for ten years. The Board of Directors thanks Lukas Braunschweiler for his deep commitment and his invaluable contribution to the company's development. The Board of Directors will propose to the General Meeting the election to the Board of Dr. Daniel Bossard, CEO of the Bossard Group, and Stephan Widrig, CEO of Zurich Airport AG as independent directors.Heinz Baumgartner, who has been CEO of the Schweiter Technologies Group for many years, will stand down from the post of CEO at his own request in spring 2022 but will remain a member of the Board of Directors. The search for a successor has begun, and the nominee will be announced in due course. For further information please contact:Martin Klöti, CFOTel. +41 41 757 77 00, Fax +41 41 757 70 01, email@example.com Please find the Media release in the PDF attached:Media release (PDF)
Dallas, Texas, March 05, 2021 (GLOBE NEWSWIRE) -- Ian C Denholm ProPetro leader revealed aspects of his colorful career in a recent exclusive interview with Bloomberg. Visionary, entrepreneur, CEO, and Co-Founder of Conquistador Capital, he joined other best-selling authors and business leaders in the Leader Roundtable Interview Series with the DotCom Magazine editorial staff. The interview covered a wide range of subjects -- from Denholm's business philosophy to how Denholm leads by focusing on innovative business solutions that he supplies directly to company clients. Denholm feels that it's critical to start off with a clear concept and an organized business plan. That helps ae when it comes time to make critical resource allocation, and a clear blueprint takes away much of the guesswork when deciding where to spend money and where to cut the fat. Differentiation Is Critical Denholm believes that his companies differentiate themselves from others by not focusing exclusively on profits. ESG, or environmental, social, and governance issues, must be factored into business strategies to ensure a sustainable profit and inspire customer loyalty to the brand. Becoming sustainable stewards of the planet's resources becomes the very definition of ecology and best business practices. Working hand-in-glove with local, state, and federal authorities on drilling strategy, drilling sustainable wells, and recovering the earth's resources efficiently sets any company up for sustained success. Instead of chasing down leads, companies come to Ian C Denholm Midland Texas with strong proposals and questions about how to develop the resources in an environmentally acceptable way. Staff Your Company with Successful, Passionate People Denholm's most important advice is to staff your company with dreamers and visionaries who also have the skills to implement their dreams. You can cut out the external noise and focus on achieving results quickly. When you remove obstacles to success -- such as timid responses, fear of commercializing your ideas, and company infighting -- our ideas are easier to develop. It's important to have supportive families and friends because new ventures will take most of your spare time. Avoid distractions, except those that you plan, and push forward to achieve the results that you know are possible. That doesn't mean you can't set aside some personal time, but you have to devote most of your time to get an innovative project off the ground. Maintaining Focus There will inevitably be false trials, intriguing sidelines to explore, political issues, and the need to publicize your ideas in trade journals, social media, etc. You'll lose some productivity by pursuing unworkable strategies and avenues that you aren't currently equipped to handle. The important thing is to remain laser-focused on your core concept that started the whole process. When things grow too complex, don't be afraid to return to your original plans after toying with intriguing alternatives. Keeping Informed One important piece of advice that Ian C Denholm ProPetro endorses is keeping informed about news and political and industry developments. You can scan short articles on apps or you can also listen to audio files and podcasts while commuting or traveling to keep informed. It's important to approach every internal meeting with an open mind. Listen to your team's ideas because they rank among the most capable and knowledgeable resources because you hand-picked them for these qualities. About ProPetro Holding Corporation ProPetro and Ian C. Denholm work as a holding company that facilitates the work of its subsidiaries that offer well drilling, cementing, and coiled tubing services for customers In North America. CONTACT: firstname.lastname@example.org
"Business in front, party in the back": a hairstyle considered so obnoxious that for years it verged on being an arrestable offence, the mullet has made the unlikeliest comeback of the century.
Almost a year after they went missing, there are renewed calls for information in the baffling case of Wonnangatta campers Russell Hill and Carol Clay.Missing persons squad chief Detective Inspector Andrew Stamper from Victoria Police made a fresh plea for assistance on Friday, especially to any travellers heading to the state's high country over the long weekend.
This weekend only, Woolworths Everyday Rewards Members will be able to claim an exclusive Discovery Garden seedling.
MAFS star Ines Basic has claimed she faked fights and was fed lines by producers during her time on the show. She compared it to being on a 'film set'.
* Dollar hits new highs against euro, Japanese yen * Commodity currencies sell off on risk aversion * Graphic: World FX rates https://tmsnrt.rs/2RBWI5E (Adds comments, updates prices and milestones) By Kevin Buckland and Sagarika Jaisinghani TOKYO, March 5 (Reuters) - The dollar hit multi-month highs against the euro and the yen on Friday after Federal Reserve Chair Jerome Powell did not express concern about a recent sell-off in bonds while sticking to his stance to keep interest rates low for a long time. While Powell did stick with dovish rhetoric overall, he said the sell-off in Treasuries was not "disorderly" or likely to push long-term rates so high the Fed might have to intervene more forcefully, reigniting a sell-off in Treasuries. "Markets are listening to the central banks and if they are going to be on hold for a long time, that means long-term inflation is going to be higher and that's why you're seeing the bond and equity markets sell off," said Commonwealth Bank of Australia currency analyst Joseph Capurso.