Romania Banks – Online Subtitrat http://onlinesubtitrat.biz/ Sat, 25 Sep 2021 22:22:48 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://onlinesubtitrat.biz/wp-content/uploads/2021/05/cropped-icon-32x32.png Romania Banks – Online Subtitrat http://onlinesubtitrat.biz/ 32 32 European stocks end lower ahead of German election https://onlinesubtitrat.biz/european-stocks-end-lower-ahead-of-german-election/ https://onlinesubtitrat.biz/european-stocks-end-lower-ahead-of-german-election/#respond Fri, 24 Sep 2021 17:03:29 +0000 https://onlinesubtitrat.biz/european-stocks-end-lower-ahead-of-german-election/ European stock markets closed in negative territory on Friday ahead of this weekend’s German election and as traders continued to monitor developments surrounding struggling real estate company in China, Evergrande. The French CAC 40 and Swiss Market Index lost 1% each, the German DAX closed down 0.7% and the UK FTSE 100 fell 0.4%. The […]]]>

European stock markets closed in negative territory on Friday ahead of this weekend’s German election and as traders continued to monitor developments surrounding struggling real estate company in China, Evergrande.

The French CAC 40 and Swiss Market Index lost 1% each, the German DAX closed down 0.7% and the UK FTSE 100 fell 0.4%. The Stoxx Europe 600 fell 0.9%.

The markets will watch the German federal elections on Sunday. Business expectations in the country fell to 97.3 points in September from 97.8 in August, marking the third consecutive monthly decline, according to data released by the Ifo Institute.

European Central Bank President Christine Lagarde told CNBC on Thursday that the continent’s direct exposure to Evergrande should be “limited”. Some fear that a potential Evergrande default could threaten markets beyond China.

The UK consumer confidence index GfK fell to -13 in September from -8 in August, due to rising prices and headline inflation, tax hikes, empty shelves, as well as end of leave plan, according to a statement. The last reading missed the index estimate holding the -8 level.

The UK government plans to implement legislative reforms to its financial rules following criticism of a report on the collapse of Greensill Capital, media reported, which cited a letter. Chancellor Rishi Sunak said the Treasury could implement reforms to strengthen oversight of appointed officials to “prevent opportunities for abuse of the system.” At the same time, the government could also make reforms to changing supervisory rules to keep banks away from owners who would not be granted full banking licenses.

UK Finance’s banks and asset managers are backing the Finance Ministry’s proposal to remove its obligation to trade stocks in order to increase competition between companies, Reuters reported, citing a statement from the trade association. Following a review of UK capital markets post-Brexit, the Department of Finance presented its recommendation to remove the obligation to trade stocks which requires market participants to use specific venues, such as the stock exchanges , to negotiate.

European Union member states remain divided and have yet to set climate change targets for the bloc to present to the COP26 climate change conference in November, Reuters reported, citing officials and EU documents. The 27 member states, which must unanimously endorse the EU’s position, have yet to decide whether they will set five or ten year timeframes for climate targets. Most countries, including France, Denmark, the Netherlands, Spain and Luxembourg, support five-year targets, while countries like Poland, Romania and Bulgaria want to allow countries to select time frames. to achieve the goals.

On the business side, Petrofac (PFC.L) rose 26% after the company signed a deal with the UK Serious Fraud Office and plans to plead guilty to seven counts of failing to stop its employees from bribing agents for projects in Iraq. , Saudi Arabia and the United Arab Emirates. Problems related to the project were won between 2012 and 2015. The regulator will determine the penalty for the company on September 27. Employees facing the charges have left the company, Petrofac said.


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Payment of the China Evergrande bond remains uncertain https://onlinesubtitrat.biz/payment-of-the-china-evergrande-bond-remains-uncertain/ https://onlinesubtitrat.biz/payment-of-the-china-evergrande-bond-remains-uncertain/#respond Fri, 24 Sep 2021 14:11:00 +0000 https://onlinesubtitrat.biz/payment-of-the-china-evergrande-bond-remains-uncertain/ The deadline passed without a word, with no sign that the closely watched payment had been made, so investors did what they did for months to the struggling Chinese real estate giant with lots of debt and little of solutions: they sold. China Evergrande Group shares fell nearly 12% on Friday, as Thursday’s deadline for […]]]>

The deadline passed without a word, with no sign that the closely watched payment had been made, so investors did what they did for months to the struggling Chinese real estate giant with lots of debt and little of solutions: they sold.

China Evergrande Group shares fell nearly 12% on Friday, as Thursday’s deadline for making an $ 83 million interest payment was passed without any word from the company on whether it had met its commitments.

A bondholder, speaking on condition of anonymity to discuss the matter, said the company did not make the payment. But this default did not necessarily put the company in default. The company’s covenants give it a 30-day grace period before the missed payment results in default, the person said, meaning debt holders could face a month in limbo.

China Evergrande’s financial woes rocked global markets, although they stabilized towards the end of this week as investors accepted Beijing’s claim it could contain any crisis.

The concern extends to landowners and policymakers in China who would face the fallout from a possible default. A constant stream of negative news from Evergrande has caused panic in the markets and raised fears of possible economic contagion – including outside China – if the company collapses. Unable to sell part of his business sprawl or raise new money from the sale of new properties, Evergrande also faces angry suppliers, homebuyers and employees, some of whom have protested. and claimed their money.

Tensions in global financial markets have eased more recently, in part when Chinese officials intervened to boost confidence – including injecting billions of dollars in capital into the country’s banking system – and also after several executives of banks and central bank officials outside of China said the impact on institutions in the United States and Europe is expected to be minimal.

On another key question for investors, whether China will directly bail out Evergrande, so far Beijing has been low key while stressing that no Chinese company is too big to fail.

This helped Evergrande say on Wednesday that it had reached an agreement with investors on a different payment due for mainland Chinese bondholders.

Given this development, Houze Song, a researcher at the Paulson Institute in Chicago, said Evergrande would likely end up paying Thursday’s interest. He said bondholders and Evergrande could eventually strike a short-term deal that involves debt holders losing some of their exposure to Evergrande.

The fate of Evergrande and what its failure could mean for the Chinese economy has divided some of the world’s best-known investors. Billionaire investor George Soros recently argued that an Evergrande collapse would trigger a wider economic crash, while another billionaire investor, Ray Dalio, argued this week that an Evergrande default was “manageable. “.

Investors in dollar-denominated debt include Swiss bank UBS, asset manager BlackRock, UK bank HSBC Holdings, as well as a number of hedge funds. The bonds are linked to various private and public companies that are part of Evergrande but separate from its main real estate business, including an electric vehicle division. These companies could still have value even if the real estate industry collapses.

Despite the lingering uncertainty, equity investors appear to be expecting a better outcome from the Evergrande debacle than they did earlier in the week. On Wall Street, the S&P 500 closed more than 1% higher, recouping its steep losses from the start of the week – in part because the executives of two of Evergrande’s creditors downplayed the risk.

Ralph Hamers, chief executive of UBS, told an investor conference Thursday that the bank’s direct exposure to Evergrande was “intangible”, adding that his problems “did not keep me from sleeping at night “, according to a transcript of the software. Sentieo company.

Noel Quinn, chief executive of HSBC, admitted at the same conference that the challenges of Evergrande could seep further into the equity and credit markets.

“I would be naive to think that market turmoil does not have the potential to have a second and third order impact,” he said, calling Evergrande’s situation “concerning”.

A representative for BlackRock declined to comment.

Central bankers outside of China also downplayed the risk this week. Federal Reserve Chairman Jerome H. Powell on Wednesday called Evergrande’s problems “peculiar to China” during a press briefing, and on Thursday, Sam Woods, deputy governor of the Bank of England told Reuters that the exposure of British banks and insurance companies to Evergrande is “not important.”


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Romanian company One United Properties buys historic building in Bucharest for 4.9 million euros https://onlinesubtitrat.biz/romanian-company-one-united-properties-buys-historic-building-in-bucharest-for-4-9-million-euros/ https://onlinesubtitrat.biz/romanian-company-one-united-properties-buys-historic-building-in-bucharest-for-4-9-million-euros/#respond Fri, 24 Sep 2021 11:25:00 +0000 https://onlinesubtitrat.biz/romanian-company-one-united-properties-buys-historic-building-in-bucharest-for-4-9-million-euros/ BUCHAREST (Romania), September 24 (SeeNews) – Romanian real estate developer One United Properties [BSE:ONE] has signed an agreement to buy a listed building in Bucharest for 4.9 million euros ($ 5.74 million), the company said on Friday. The building will be used for a new mixed-use development of the company – One Athenee, One United […]]]>

BUCHAREST (Romania), September 24 (SeeNews) – Romanian real estate developer One United Properties [BSE:ONE] has signed an agreement to buy a listed building in Bucharest for 4.9 million euros ($ 5.74 million), the company said on Friday.

The building will be used for a new mixed-use development of the company – One Athenee, One United Properties said in a statement filed with the Bucharest Stock Exchange (BVB).

The estimated gross development value of the building is 21 million euros.

Listed as a historic monument, the building will be completely renovated by One United Properties. After the completion of the restoration process, the building will house exclusive commercial spaces on the ground and first floors, as well as ten high-end apartments on the upper floors, overlooking the Romanian Athenaeum.

One United Properties was founded in 2007 by Romanian entrepreneurs Victor Capitanu and Andrei Diaconescu.

In July, the company signed a loan agreement of 78 million euros with three banks to finance the office component of its One Cotroceni Park project in Bucharest.

At 10:21 am CET on Friday, One United stock was trading up 2.08% to 2.0150 lei (0.48 / 0.41 euro) on BVB. The company was included in the stock exchange’s main BET index on September 20.

($ = 0.8531 euro)


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Half a million acre Scottish Highlands rewilding project launched https://onlinesubtitrat.biz/half-a-million-acre-scottish-highlands-rewilding-project-launched/ https://onlinesubtitrat.biz/half-a-million-acre-scottish-highlands-rewilding-project-launched/#respond Thu, 23 Sep 2021 23:01:00 +0000 https://onlinesubtitrat.biz/half-a-million-acre-scottish-highlands-rewilding-project-launched/ U p up to half a million hectares of the Scottish Highlands are in the process of being rescued following the launch of a project. The Highlands Trees For Life Charity 30-year program, with funding from the Esmee Fairbairn Foundation, would create a vast nature salvage area – Affric Highlands – connecting Loch Ness to […]]]>
U

p up to half a million hectares of the Scottish Highlands are in the process of being rescued following the launch of a project.

The Highlands Trees For Life Charity 30-year program, with funding from the Esmee Fairbairn Foundation, would create a vast nature salvage area – Affric Highlands – connecting Loch Ness to the west coast of Scotland .

He was officially welcomed by Rewilding Europe as the ninth member of its network of large pioneer rewilding areas during a ceremony at the Glenurquhart Public Hall in Drumnadrochit on the banks of the Loch.

The Highlands have enormous potential to help nature return and thus help people thrive, and to make a leading contribution to tackling global climate and natural emergencies.

The launch follows three years of consultation between Rewilding Europe, Trees For Life and other local partners.

A group of 20 landowners, covering at least 25% of the total land area, and six organizations are already on board and Trees For Life is hoping more will join.

Work has started to involve local communities in practical actions to connect rewilding areas which is expected to start in 2023.

Affric Highlands aims to enhance habitat connectivity, species diversity, and social and economic opportunities in an area of ​​over 500,000 acres stretching from Loch Ness across the Central Highlands to Kintail in the west, and encompassing the Cannich, Affric, Moriston and Shiel valleys.

A map of the area Affric Highlands would potentially cover (Trees for Life / PA)

Steve Micklewright, Managing Director of Trees For Life, said: “With Scotland’s rapidly growing rewilding movement – and the Scottish Rewilding Alliance calling for Scotland to become the world’s first rewilding nation, with the rewilding 30% of the country’s land and seas by 2030 – Affric Highlands will take large-scale nature recovery to a new level, at the same time providing a catalyst for the local economy.

“The Highlands have enormous potential to help nature return and thus help people thrive, and to make a leading contribution to tackling global climate and natural emergencies.

“We are delighted that Affric Highlands is now one of Rewilding Europe’s major rewilding areas which is inspiring hundreds of other rewilding projects across the continent.

Rewilding Europe The eight other rewilding areas in Europe are the great Coa Valley in Portugal; the Danube Delta in Ukraine, Romania and Moldova; the Carpathians of southern Romania; the Velebit mountains of Croatia; the central Italian Apennines; the Rhodope Mountains in Bulgaria; the Oder Delta in Germany and Poland; and Swedish Lapland.

The project would resend areas such as Glen Affric (Grant Willoughby / Trees for Life / PA)


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How the mafia is turning to cybercrime https://onlinesubtitrat.biz/how-the-mafia-is-turning-to-cybercrime/ https://onlinesubtitrat.biz/how-the-mafia-is-turning-to-cybercrime/#respond Wed, 22 Sep 2021 15:43:00 +0000 https://onlinesubtitrat.biz/how-the-mafia-is-turning-to-cybercrime/ Piracy. Disinformation. Monitoring. CYBER is Motherboard’s podcast and feature story on the dark underbelly of the Internet. Policemen in Europe announced on Monday that they had arrested more than 100 people linked to mafia organizations that employed hackers to support traditional crimes such as extortion and drug trafficking. The crackdown was carried out by the […]]]>

Piracy. Disinformation. Monitoring. CYBER is Motherboard’s podcast and feature story on the dark underbelly of the Internet.

Policemen in Europe announced on Monday that they had arrested more than 100 people linked to mafia organizations that employed hackers to support traditional crimes such as extortion and drug trafficking.

The crackdown was carried out by the Spanish Policía Nacional in collaboration with the Italian Polizia di Stato and Europol. Authorities said organized crime groups employed hackers who used phishing, social engineering attacks and SIM card exchange, as well as sending malware to victims in an attempt to grab their bank accounts and steal their money.

This operation highlights a new trend: traditional organized criminal groups, such as the italian mafia and Camorra, are now engaging in cybercrime to support their traditional offline activities, according to Italian and Spanish police investigators involved in the crackdown who spoke to Motherboard.

“We have always believed that the mafia is violent, that it commits beatings and homicides. In other words, traditional crimes, ”Beatriz Gómez Hermosilla, head of the group investigating fraud in the Cybercrime Unit of the Policía Nacional in Spain, told Motherboard. a phonecall. “Now they are turning to the digital world. They use hackers within their organization. “

“They are undergoing a transformation into the digital age.”

Gómez Hermosilla said that during the police investigation into a suspected organized crime ring in Tenerife, one of Spain’s Canary Islands, they realized that criminals were using phishing to take over bank accounts and encouraged victims to disclose their passwords.

“We had never seen the Mafia focus on these cybercrimes,” she said. “It is clear that they are undergoing a transformation into the digital age.”

To date, she said, they have arrested three people who they said worked as hackers for the organized crime network.

“We had to use all the tools at our disposal,” said Gómez Hermosilla.

She explained that they put several phones under surveillance as suspected criminals replaced SIM cards every two or three days and changed locations. Investigators, she added, also used traditional surveillance techniques and hacked suspects’ phones to install surveillance software.

Do you have more information on how organized crime uses hacking? You can contact journalist Lorenzo Franceschi-Bicchierai securely on Signal at +1 917 257 1382, Wickr / Wire applications “lorenzofb”, or by e-mail at lorenzofb@vice.com

Ivano Gabrielli, deputy director of Polizia Postale (postal and communications police), an Italian state police unit that investigates cybercrime, told Motherboard that the organized crime network identified in Tenerife was led by fugitive members of Italian mafia networks. Gabrielli said Italian investigators are always looking for more hackers involved in the organization.

“There had to be a team of technicians who handled this digital evolution,” Gabrielli said. “It is likely that these are Italian hackers that we are looking for at the moment, using the data found by analyzing the devices seized during the operation.”

Gabrielli said Italian investigators believed this team was hired by Mafia members as an independent unit.

“I don’t think we’ve found the developers who compile and modify malware, who customize the infostealer, who customize the phishing email, and so on. Gabrielli told Motherboard.

Hackers used the SIM card swap to gain control of the victims’ cell phone numbers and then their bank accounts. They also called them out pretending to be their bank’s customer support, tricking targets to install remote monitoring and technical support software such as TeamViewer with the excuse that they needed it to help them troubleshoot issues. with the actual banking app, according to Gabrielli. Finally, Gabrielli said, hackers would also send malware to victims through malicious websites – in so-called waterhole attacks – as well as phishing emails with malicious attachments.

“It is likely that these are Italian hackers that we are looking for at the moment.”

Gabrielli said it was inevitable for the Mafia to go online. Cybercrime is attractive because it is less risky than other activities and it allows for more anonymity, he said.

Nunzia Ciardi, director of Polizia Postale said last year in an interview with The Via Libera, an Italian magazine that deals with organized crime and corruption, which transnational organized crime was behind a series of ransomware attacks.

Federico Varese, a professor of criminology at the University of Oxford who studies organized crime, told Motherboard that there had been isolated cases in the past which suggested that mafia-like organizations were turning to cybercrime, in especially in Romania.

Varese said he suspected that there is still a division of labor between gangsters and hackers.

“Those who commit the classic cybercrime, Trojans, go into computers to steal money from online banks, I think these kinds of people will be different from those who actually commit extortion and homicide,” did he declare.

But in the future, he added, “there will be opportunities to have synergies.”

“For cybercrime to thrive, you need an offline dimension,” Varese told Motherboard in a telephone interview. “So it’s no surprise that you have some convergence between traditional organized crime and cybercrime.”

Subscribe to our CYBER cybersecurity podcast, here.


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Executive Vice President Timmermans holds high-level climate change dialogue with Turkey https://onlinesubtitrat.biz/executive-vice-president-timmermans-holds-high-level-climate-change-dialogue-with-turkey/ https://onlinesubtitrat.biz/executive-vice-president-timmermans-holds-high-level-climate-change-dialogue-with-turkey/#respond Wed, 22 Sep 2021 04:41:15 +0000 https://onlinesubtitrat.biz/executive-vice-president-timmermans-holds-high-level-climate-change-dialogue-with-turkey/ Most agree that urgent action must be taken to address the growing crisis caused by climate change. That’s why leaders from 196 countries are meeting in Glasgow in November for a major climate conference, called COP26. But adaptation to climate change also comes at a price, writes Nikolay Barekov, journalist and former MEP. Growing awareness […]]]>

Most agree that urgent action must be taken to address the growing crisis caused by climate change. That’s why leaders from 196 countries are meeting in Glasgow in November for a major climate conference, called COP26. But adaptation to climate change also comes at a price, writes Nikolay Barekov, journalist and former MEP.

Growing awareness of the economic costs of not taking action to adapt to climate change is an important element of adaptation policies. The economic costs of climate change outcomes and the costs of not taking action will be a priority on the Glasgow agenda.

There are four goals of COP26, the third of which is titled “Mobilize Funding”.

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Nikolay Barekov, journalist and former MEP.

A spokesperson for COP26 told this website: “To meet our goals, developed countries must deliver on their pledge to mobilize at least $ 100 billion in climate finance per year by 2020.”

This means, he said, that international financial institutions must play their part, adding, “we must work to free the trillions of private and public sector financing needed to secure global net zero.”

To achieve our climate goals, every business, every financial company, every bank, insurer and investor will have to change, said the spokesperson for COP26.

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“Countries need to manage the growing impacts of climate change on the lives of their citizens and they need funding to do so. “

The scale and speed of the changes needed will require all forms of finance, including public finance for the infrastructure development we need to move to a greener and more climate-resilient economy, and private finance to finance. technology and innovation, and to help turn billions of public money into trillions of total climate investments.

Climate analysts warn that if current trends continue, the cost of global warming will rise to nearly $ 1.9 trillion per year, or 1.8% of U.S. GDP per year by 2100.

EUReporter looked at what four EU countries, Bulgaria, Romania, Greece and Turkey are doing – and still have to do – to cover the cost of tackling climate change, in other words reaching the objectives of objective number three of COP26.

In the case of Bulgaria, it says it needs € 33 billion to start meeting the main goals of the EU Green Agreement over the next 10 years. Bulgaria could be among the countries most affected by the decarbonization of the EU economy. It represents 7% of the coal used in the EU and 8% of jobs in the EU coal sector. Around 8,800 people work in coal mines in Bulgaria, while those indirectly affected are estimated at over 94,000, with social costs of around 600 million euros per year.

Elsewhere, it has been estimated that over € 3 billion is needed in Bulgaria just to meet the minimum requirements of the EU Urban Wastewater Treatment Directive.

To conclude the Green Deal, Bulgaria will have to spend 5% of the country’s GDP every year.

Moving to Romania, the prospects are just as serious.

According to a report released in February 2020 by Sandbag EU, it could almost be said that Romania is on the verge of success in the EU’s race to a net zero economy by 2050. Due to several changes in the structure of In the economy following the post-1990 transition, Romania has experienced massive reductions in emissions, being the fourth EU member state to reduce emissions fastest compared to 1990, although it is not yet on a predictable and sustainable path to reach net zero by 2050.

However, the report indicates that Romania is the country in South-Eastern Europe or Central and Eastern Europe which presents some of the “best favorable conditions” for the energy transition: a diversified energy mix of which nearly 50% is already free of greenhouse gas emissions, the largest onshore wind farm in the EU and huge RES potential.

The authors of the report Suzana Carp and Raphael Hanoteaux add: “Yet Romania continues to be one of the EU’s lignite-intensive countries, and despite its share of coal in the mix lower than the rest of region, the investments required for its energy transition are not to be underestimated.

This, they say, means that at European level Romanians are still paying more than their European counterparts for the costs of this carbon-intensive energy system.

The country’s energy minister has estimated the cost of transitioning the electricity sector by 2030 to be around 15-30 billion euros and Romania, the report continues, still has the second lowest GDP of the Union and therefore the real investment needs for the energy transition are extremely high.

Looking ahead, the report suggests that one way to cover the cost of decarbonization until 2030 in Romania could be through “smart use” of ETS (Emissions Trading System) revenues.

One EU country already severely affected by climate change is Greece, which is expected to suffer even more negative effects in the future. Recognizing this fact, the Bank of Greece was one of the first central banks in the world to actively engage in the issue of climate change and to invest significantly in climate research.

He says climate change appears to be a major threat, as the impact on almost all sectors of the national economy “is expected to be unfavorable”.

Recognizing the importance of economic policy making, the Bank has published “The Economics of Climate Change,” which provides a comprehensive and cutting-edge review of the economics of climate change.

Yannis Stournaras, Governor of the Bank of Greece, notes that Athens was the first city in Greece to develop an integrated climate action plan for mitigation and adaptation, like other mega-cities around the world.

Michael Berkowitz, president of the Rockefeller Foundation’s “100 Resilient Cities” said the Athens plan is an important step in “the city’s journey to strengthen its resilience in the face of the myriad challenges of the 21st century”.

“Climate adaptation is a crucial part of urban resilience, and we are delighted to see this impressive milestone for the city and our partners. We look forward to working together to achieve the goals of this plan. “

Turkey is another country hard hit by global warming this year and Erdogan Bayraktar, Minister of Environment and Urbanization, warns that Turkey will be one of the most affected Mediterranean countries, not least because it s is an agricultural country and its water resources are dwindling rapidly.

Tourism being important for its income, he says, “it is an obligation for us to attach the required importance to adaptation studies”.

According to climate experts, Turkey has suffered from global warming since the 1970s but, since 1994, average temperatures highest during the day, and even highest at night, have skyrocketed.

But its efforts to tackle the problems are currently seen as being wasted by conflicting land-use planning authorities, conflicting laws, sustainability of ecosystems and insurance schemes that do not sufficiently reflect the risks. linked to climate change.

Turkey’s adaptation strategy and action plan calls for indirect financial policies for climate change adaptation and support mechanisms.

The Plan warns that “in Turkey, in order to adapt to the eects of climate change, cost-benefit accounting for adaptation at national, regional or sectoral level is not yet carried out.

In recent years, a number of projects aimed at adaptation to climate change have been supported by the United Nations and its affiliates to provide technical assistance and Turkey participates in the Clean Technology Fund25.

But the Plan indicates that currently, the funds allocated to scienti fi c research and R&D activities in climate change adaptation activities “are not sufficient”.

He says: “There has been no research to conduct analyzes of the impact of climate change on climate-dependent sectors (agriculture, industry, tourism, etc.) and determine the costs of adaptation.

“It is of great importance to gather information on the cost and financing of adaptation to climate hazard and to assess the roadmap regarding these issues more fully.

Turkey believes that adaptation funds should be provided on the basis of certain criteria, including vulnerability to the adverse effects of climate change.

The generation of “new, adequate, predictable and sustainable” financial resources should be based on the principles of “equity” and “common but differentiated responsibilities”.

Turkey also called for an international and multi-optional insurance mechanism to compensate for loss and damage resulting from extreme climate-induced events such as droughts, floods, frost and landslides.

So, as time is running out as the global event in Scotland approaches, it is clear that each of these four countries still have work to do to meet the massive costs involved in tackling global warming.

Nikolay Barekov is a political journalist and TV presenter, former CEO of TV7 Bulgaria and former MEP for Bulgaria and former Vice-President of the ECR Group in the European Parliament.


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An update on Aegon’s sale of its Central and Eastern European operations to VIG https://onlinesubtitrat.biz/an-update-on-aegons-sale-of-its-central-and-eastern-european-operations-to-vig/ https://onlinesubtitrat.biz/an-update-on-aegons-sale-of-its-central-and-eastern-european-operations-to-vig/#respond Tue, 21 Sep 2021 06:10:00 +0000 https://onlinesubtitrat.biz/an-update-on-aegons-sale-of-its-central-and-eastern-european-operations-to-vig/ THE HAGUE, Netherlands – (COMMERCIAL THREAD) – Regulatory news: On September 20, 2021, Aegon and Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) were informed that the Budapest Metropolitan Court had rejected their joint appeal challenging the decision of the Hungarian Interior Ministry to block the acquisition by VIG of the business Hungarian Aegon. VIG […]]]>

THE HAGUE, Netherlands – (COMMERCIAL THREAD) – Regulatory news:

On September 20, 2021, Aegon and Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) were informed that the Budapest Metropolitan Court had rejected their joint appeal challenging the decision of the Hungarian Interior Ministry to block the acquisition by VIG of the business Hungarian Aegon.

VIG and Aegon regret this decision and will appeal it to the Hungarian Supreme Court within the next 30 days.

In a press release this morning, VIG confirmed that, regardless of the decision of the Budapest Metropolitan Court, it “was continuing constructive dialogue with the Ministry of Finance to clarify the possibilities of a positive conclusion of the acquisition”.

On November 29, 2020, Aegon agreed to sell its insurance, pension and asset management businesses in Hungary, Poland, Romania and Turkey to VIG for € 830 million.

About Aegon

Aegon’s roots go back over 175 years, to the first half of the 19th century. Since then, Aegon has grown into an international company, with businesses in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, retirement and asset management services. Aegon’s goal is to help people achieve lifelong financial security. More information on aegon.com.

Forward-looking statements

Statements contained in this document that are not historical facts are forward-looking statements as defined in the United States Private Securities Litigation Reform Act of 1995. The following terms identify such forward-looking statements: aim, believe, estimate, target, have intention, can, expect, anticipate, predict, plan, rely on, plan, continue, want, foresee, goal, should, would, could, is confident, aura and similar expressions in connection with Aegon. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Aegon assumes no obligation to publicly update or revise any forward-looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements, which simply reflect the expectations of the company at the time of writing. Actual results may differ materially from expectations expressed in forward-looking statements due to changes caused by various risks and uncertainties. These risks and uncertainties include, but are not limited to, the following:

  • Changes in general economic and / or governmental conditions, in particular in the United States, the Netherlands and the United Kingdom;

  • Changes in the performance of financial markets, including emerging markets, such as:

    • The frequency and severity of issuer defaults in Aegon’s fixed income investment portfolios;

    • The effects of corporate bankruptcies and / or accounting restatements on the financial markets and the decline in the value of equity and debt securities held by Aegon; and

    • The effects of the decline in the creditworthiness of certain public sector securities and the resulting decline in the value of the government exposure held by Aegon;

  • Changes in the performance of Aegon’s investment portfolio and lower ratings of Aegon’s counterparties;

  • The downgrade of one or more of Aegon’s debt ratings issued by recognized rating agencies and the negative impact such action may have on Aegon’s ability to raise capital and on its liquidity and his financial situation;

  • Lowering one or more of the financial strength ratings of the insurers of Aegon’s insurance subsidiaries and the negative impact such action may have on written premium, policy retention, profitability and liquidity its insurance subsidiaries;

  • The effect of European Union Solvency II requirements and other regulations in other jurisdictions affecting Aegon capital is required to maintain;

  • Changes in interest rate levels and consistently low or rapidly changing interest rate levels;

  • Changes affecting exchange rates, in particular the EUR / USD and EUR / GBP exchange rates;

  • Changes in the availability and costs associated with sources of liquidity such as financing of banks and capital markets, as well as conditions of credit markets in general, such as changes in the creditworthiness of borrowers and counterparties;

  • Increased levels of competition in the United States, the Netherlands, the United Kingdom and in emerging markets;

  • Catastrophic events, man-made or natural, including by way of example natural disasters, acts of terrorism, acts of war and pandemics, could result in material loss and significantly disrupt Aegon’s business;

  • The frequency and severity of insured claims;

  • Changes affecting longevity, mortality, morbidity, persistence and other factors that may impact the profitability of Aegon’s insurance products;

  • Aegon’s projected results are highly sensitive to complex mathematical models of financial markets, mortality, longevity, and other dynamic systems subject to shocks and unpredictable volatility. If the assumptions of these models subsequently prove to be incorrect, or if errors in these models escape the controls put in place to detect them, future performance will differ from the projected results;

  • Reinsurers to which Aegon has ceded significant underwriting risks may default on their obligations;

  • Changes in customer behavior and general public opinion related to, among other things, the type of products Aegon sells, including the legal, regulatory or business need to meet changing customer expectations;

  • Customer responsiveness to new products and distribution channels;

  • Since Aegon’s operations support complex transactions and are highly dependent on the proper functioning of information technology, operational risks such as system interruptions or failures, breaches of security or privacy of data data, cyber attacks, human error, failure to protect personally identifiable information, changes in operational practices or inadequate controls, including with respect to third parties with whom we do business, may disrupt Aegon’s business, damage its reputation and adversely affect its operating results, financial condition and cash flow;

  • The impact of acquisitions and divestitures, restructurings, product withdrawals and other unusual items, including Aegon’s ability to integrate acquisitions and achieve expected results and synergies from acquisitions;

  • Aegon’s inability to achieve expected profit or operational efficiency levels, as well as other management initiatives related to cost savings, Holding’s cash capital, gross financial leverage and free cash flow;

  • Changes in central bank and / or government policies;

  • Litigation or regulatory action that could require Aegon to pay substantial damages or change the way Aegon does business;

  • Competitive, legal, regulatory or tax changes that affect the profitability, cost of distribution or demand for Aegon’s products;

  • Consequences of a real or potential break-up of the European monetary union in whole or in part, or of the United Kingdom’s exit from the European Union and potential consequences if other countries of the European Union leave the Union European;

  • Changes in laws and regulations, particularly those affecting the ability of Aegon operations to hire and retain key personnel, the taxation of Aegon companies, the products Aegon sells and the attractiveness of certain products to its consumers ;

  • Regulatory changes relating to pensions, investments and insurance in the jurisdictions in which Aegon operates;

  • Standard setting initiatives of supranational standards bodies such as the Financial Stability Board and the International Association of Insurance Supervisors or changes to these standards that may impact regional financial regulation (such as the EU) national or US at the federal or state level or on its application to Aegon, including the designation of Aegon by the Financial Stability Board as a Global Systemically Important Insurer (G-SII); and

  • Changes in accounting regulations and policies or a change by Aegon in the application of such regulations and policies, whether intentionally or not, which may affect Aegon’s published results, equity or regulatory capital adequacy levels.

This document contains information that qualifies, or may be characterized, as inside information within the meaning of Article 7 (1) of the EU Market Abuse Regulation (596/2014). Further details of the potential risks and uncertainties affecting Aegon are described in its filings with the Netherlands Securities and Exchange Commission and the United States Securities and Exchange Commission, including the annual report. These forward-looking statements speak only as of the date of this document. Except as required by any applicable law or regulation, Aegon expressly disclaims any obligation or commitment to publicly release any update or revision to any forward-looking statement contained herein to reflect any change in Aegon’s expectations in this regard or any change in the events, conditions or circumstances on which such statement is based.


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Bitcoin price drops 10% in 24 hours https://onlinesubtitrat.biz/bitcoin-price-drops-10-in-24-hours/ https://onlinesubtitrat.biz/bitcoin-price-drops-10-in-24-hours/#respond Mon, 20 Sep 2021 19:25:15 +0000 https://onlinesubtitrat.biz/bitcoin-price-drops-10-in-24-hours/ Bitcoin started the week on a negative note on Monday (September 20), as the price of digital currency fell 10% at some point in the day. It was down 9.09% as of 3 p.m. Eastern time on Monday. The price of bitcoin was $ 47,700 on Sunday afternoon (September 19) and had fallen to $ […]]]>

Bitcoin started the week on a negative note on Monday (September 20), as the price of digital currency fell 10% at some point in the day. It was down 9.09% as of 3 p.m. Eastern time on Monday.

The price of bitcoin was $ 47,700 on Sunday afternoon (September 19) and had fallen to $ 42,628 on Monday at 8:38 a.m. EST.

That’s still higher than Bitcoin’s 52-week low of $ 10,141. The crypto hit its highest level in 52 weeks with a price of $ 64,888 in April.

The price of Ethereum saw a similar decline, from $ 3,372 on Sunday afternoon to $ 2,944 on Monday morning. The blockchain platform was down 10% on Monday at 3 p.m. EST.

The price drop comes just days after a string of stories showing bitcoin’s tenacity. For example, there is the news that El Salvador now has the world’s third largest cryptocurrency ATM network, which accounts for 70% of all crypto ATMs in Central America.

Read more: Bitcoin Daily: Russia’s Central Bank to Delay Digital Asset Exchange Payments; Christie’s to auction NFTs

The country topped the number of crypto ATMs in the UK after installing 205 new ATMs to boost local bitcoin transactions as well as conversions between BTC and US dollars.

Then there’s Magnum Real Estate, which will work with the first real estate opportunity paid in cryptocurrency taking payment for a three-store retail condominium space in bitcoin.

Finally, there is the news that AMC theaters will start accepting bitcoin, ether, bitcoin cash, and litecoin for ticket purchases as they see digital currencies rise in popularity.

See more : Chivo Bitcoin ATMs Arrive in 10 US Cities in El Salvador; India’s latest SBI bank to ban payments on crypto exchanges

AMC previously said it would only take bitcoin, but will now begin to expand its choices.

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NEW PYMNTS DATA: TODAY’S SELF-SERVICE PURCHASE JOURNEY – SEPTEMBER 2021

On: Eighty percent of consumers want to use non-traditional payment options like self-service, but only 35 percent were able to use them for their most recent purchases. Today’s Self-Service Shopping Journey, a PYMNTS and Toshiba Collaboration, analyzes more than 2,500 responses to find out how merchants can address availability and perception issues to meet demand for self-service kiosks.


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Vita 34 AG launches a voluntary public exchange offer for PBKM shares https://onlinesubtitrat.biz/vita-34-ag-launches-a-voluntary-public-exchange-offer-for-pbkm-shares/ https://onlinesubtitrat.biz/vita-34-ag-launches-a-voluntary-public-exchange-offer-for-pbkm-shares/#respond Mon, 20 Sep 2021 06:00:05 +0000 https://onlinesubtitrat.biz/vita-34-ag-launches-a-voluntary-public-exchange-offer-for-pbkm-shares/ DGAP-News: Vita 34 AG / Keyword (s): Miscellaneous 20.09.2021 / 08:00 The issuer is solely responsible for the content of this advertisement. NOT FOR DISTRIBUTION, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION OR TO DO SO CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR […]]]>

DGAP-News: Vita 34 AG / Keyword (s): Miscellaneous
20.09.2021 / 08:00
The issuer is solely responsible for the content of this advertisement.

NOT FOR DISTRIBUTION, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES, AUSTRALIA, CANADA, JAPAN, SOUTH AFRICA OR ANY OTHER JURISDICTION OR TO DO SO CONSTITUTE A VIOLATION OF APPLICABLE LAWS OR REGULATIONS

Vita 34 AG launches a voluntary public exchange offer for PBKM shares

Leipzig / Warsaw, September 20, 2021 – Following the approval of the securities prospectus by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht) and the notification of the prospectus to the Polish Financial Supervisory Authority (Komisja Nadzoru Finansowego), Vita 34 AG (“Vita 34”, ISIN: DE000A0BL849; WKN: A0BL84), Leipzig, announces the start of the acceptance period of the voluntary exchange offer (“Exchange Offer”) for all outstanding shares of Polski Bank Komórek Macierzystych SA, Warsaw (“PBKM”, ISIN: PLPBKM000012; WKN: A2AJKP). As previously announced, Vita 34 is offering 1.3 new Vita 34 shares in exchange for each PBKM share. The exchange offer is, among others, subject to a minimum acceptance threshold of 95%. The detailed terms and conditions of the Exchange Offer can be found in the prospectus, which was published today on the Internet at: https://www.vita34.de/en/ (by navigating to ( “Investor Relations” (“Share”).

The acceptance period begins today, September 20, 2021, and is expected to end on October 18, 2021 at 24:00 CEST.

The Boards of Directors of Vita 34 and PBKM support the business combination of the two companies on the basis of the long-term accretive value creation potential for both groups of shareholders. Several PBKM shareholders have already made firm commitments to contribute a total of 6,363,170 PBKM shares in exchange for new Vita 34 shares (equivalent to approximately 68.14% of the current share capital of PBKM). These shareholders include (among others) AOC Health GmbH, Jakub Baran, Chairman of the Board of Directors of PBKM, and Tomasz Baran, Vice Chairman of the Board of Directors of PBKM.

Dr. Wolfgang Knirsch, CEO of Vita 34 AG: “We encourage the shareholders of PBKM to accept our offer, as the business combination has a compelling strategic rationale, bringing together highly complementary companies and creating the leading pan-European cord blood bank family. the support of more than two-thirds of PBKM shareholders for this combination underscores the hope that Vita 34 and PBKM together can create greater shareholder value in the future. “

Jakub Baran, co-founder, shareholder and chairman of the board of PBKM said: “In my opinion, the share exchange ratio offered by Vita 34 benefits the shareholders of PBKM. What makes it even more appealing is that after the exchange of PBKM shares for Vita 34 shares, current PBKM shareholders will own shares of the much larger entity with a market capitalization of almost 250. million euros, greater liquidity and listed on the Frankfurt Stock Exchange – one of the main European stock exchanges. to add that I have already undertaken to exchange the PBKM shares that I hold for the shares of Vita 34. I believe that our minority shareholders see in the next business combination the next important step for the dynamic development of the Famicord group and they participate in the share exchange transaction “.

Important information
This announcement does not constitute an offer to exchange or purchase or the solicitation of an offer to exchange or purchase securities. In addition, this announcement does not constitute an offer to purchase or the solicitation of an offer to purchase shares of PBKM or Vita 34. The final conditions and other provisions relating to the exchange offer are published in the prospectus. securities the publication of which has been authorized by the German Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht). Investors and holders of PBKM shares are strongly recommended to read the securities prospectus and all other documents related to the Exchange Offer as soon as they are published, as they will contain important information.

Subject to the exceptions described in the securities prospectus and to any exceptions granted by the relevant regulatory authorities, an exchange offer is not made, directly or indirectly, in or to jurisdictions where it would constitute a violation under the laws of those jurisdictions.

In particular, the Exchange Offer is not made and the Vita 34 shares which are intended to be transferred to the shareholders of PBKM in return (the “Vita 34 Offered Shares”) cannot be offered, sold or delivered, directly. or indirectly, in or in the United States of America (including its territories and possessions, any state of the United States and the District of Columbia) (“United States”), Australia, Canada, Japan or South Africa. The Vita 34 Offering Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the “US Securities Act”), or under any securities laws of any country. United States state, district or other jurisdiction. States.

About Vita 34
Vita 34 was founded in 1997 in Leipzig and is today one of the leading cell banks in Europe. As the first private cord blood bank in Europe and a pioneer in cell banking, the company has since offered collection logistics, processing and storage of blood stem cells and umbilical cord tissues as a service provider complete for cryopreservation. Based on the expansion of the business model in 2019, Vita 34 also intends to offer the storage of immune cells from peripheral blood and stem cells from autologous fat in the future. Endogenous cells are a valuable starting material for medical cell therapy and are kept alive at temperatures of around minus 200 degrees Celsius so that they can be used as part of treatment if needed. More than 247,000 customers from more than 20 countries have already ensured the health of their families with a cell deposit at Vita 34.

For more information: https://ir.vita34.de/en/

About PBKM
Polski Bank Komórek Macierzystych heads the international FamiCord group, which operates stem cell banks located in Europe. The FamiCord group stores 610,000 samples belonging to more than 450,000 families. FamiCord’s main activity is the supply, processing and long-term storage of stem cells from umbilical cord blood and other post-fetal tissues on behalf of parents (family banking). The purpose of this bank is to ensure the safety of the family in the event of serious illness requiring a stem cell transplant in the donor or members of his immediate family.

The FamiCord Group is now present in more than 35 European countries. It provides services directly to clients in Poland, Turkey, Spain, Portugal, Hungary, Romania, Switzerland, Italy, Luxembourg, Germany, Latvia, Lithuania and Estonia, and more recently in the Czech Republic, Slovakia, Great Britain, Middle Orient (Dubai, Abu Dhabi, Lebanon) and Hong Kong. It is one of the leading companies in almost all of these countries. In addition, it provides services to partners who acquire customers in Sweden, Denmark, Serbia and the Balkan countries, Italy and Ukraine. The Group’s services are provided through a network of its own banks and cooperating banks located in Switzerland, Sweden, Ukraine, the United States and other countries.

In addition, the Group invests in the development of manufacturing services for advanced therapy drugs (ATMP), considered to be one of the most important developments in medicine. The PBKM group is also involved in nearly 10 clinical trials, in which drugs based on stem cell fractions have already been administered to patients about 700 times.

Since May 2016, PBKM has been listed on the main market of the Warsaw Stock Exchange.

For more information: www.PBKM.pl, https://akcjonariusze.PBKM.pl/, Twitter @PBKM_FamiCord

Contact Investor Relations Vita 34:
Ingo Middelmenne, Middelmenne & Cie., Tel. +49 (0) 341 48792-40, E-mail: ingo.middelmenne@vita34.de

Vita 34 media contact:
Peter Steiner, Jan P. Sefrin, Charles Barker Corporate Communications, Tel. : +49 69 794 090 27, E-mail vita34-cb@charlesbarker.de

PBKM media contact:
Michał Wierzchowski, cc group, Tel. : +48 531 613 067, E-mail michal.wierzchowski@ccgroup.pl

20.09.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
Archives on www.dgap.de


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50 million volunteers in 180 countries take part in World Cleanup Day https://onlinesubtitrat.biz/50-million-volunteers-in-180-countries-take-part-in-world-cleanup-day/ https://onlinesubtitrat.biz/50-million-volunteers-in-180-countries-take-part-in-world-cleanup-day/#respond Sat, 18 Sep 2021 18:41:03 +0000 https://onlinesubtitrat.biz/50-million-volunteers-in-180-countries-take-part-in-world-cleanup-day/ Around 50 million volunteers in 180 countries collected litter from riversides, beaches and forests on World Cleanup Day. Each year, eight million tonnes of plastic end up in the oceans, which are also where 70% of the world’s oxygen is produced. In Rome on Saturday, dozens of volunteers filled bags with seemingly endless amounts of […]]]>

Around 50 million volunteers in 180 countries collected litter from riversides, beaches and forests on World Cleanup Day.

Each year, eight million tonnes of plastic end up in the oceans, which are also where 70% of the world’s oxygen is produced.

In Rome on Saturday, dozens of volunteers filled bags with seemingly endless amounts of trash along the Tiber.

“We were brought up that way,” said one of the young volunteers. “We see with climate change and global warming, it’s all going south, so I think it’s time for #we all to commit to start the real action.”

“The elderly can make policies, we will act,” said Tara Angelika Svetlin, filling another bag.

In Sarajevo, the capital of Bosnia, volunteers cleaned up the city’s walks and parks on Saturday.

They also picked up trash on the slopes of Mount Trebevic, which overlooks the capital and was used for several events during the 1984 Winter Olympics.

The World Cleanup Day website reveals which regions of Europe were most excited on Saturday: Germany topped the list, with over 900 registered events, France over 600 and Italy over 500.

But the website also revealed that residents of Cyprus, Latvia, Liechtenstein, Moldova, Romania, Slovenia and Ukraine had not recorded any events.

In other parts of the world, the stakes were even greater. in South Africa, like the Tiber, the banks of the Jukskei are littered with rubbish.

It passes through the impoverished township of Alexandra in the economic capital of South Africa, Johannesburg.

But the devastated river must also be a source of drinking water for people who still have not been supplied with running water in their homes.

The volunteers’ bags filled up quickly on Saturday. Local organizers said their ultimate goal was to persuade residents that it was possible to clean the river well enough to make it drinkable.


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