EU regulator calls for access to UK deal insurers in event of hard Brexit

first_img Share whatsapp EU regulator calls for access to UK deal insurers in event of hard Brexit Thursday 4 October 2018 4:56 pm The call was welcome by TheCityUK, a industry body which represents the UK-based financial and related professional services industry.Read more: Deal or no deal: Do UK supply chains have what it takes?It chief executive, Miles Celic, said: “This call for a temporary permissions regime is an important step forward and one which is long overdue.”“While the industry is taking every action to prepare for the unwelcome possibility of a no deal Brexit, issues like contract continuity in insurance and clearing require additional support from regulators and legislators,” he said.“We now need regulators on both sides of the Channel to work together towards a broader and fully joined up approach to no-deal planning. This is critical to ensuring wider European financial stability and for providing certainty to customers and clients.” Clearing houses (CCPs), which have becoming an increasingly integral part of dealmaking, are insurers which balance risk between the sellers and buyers, and make sure that transactions are completed if a party defaults.Banks on both sides of the UK border have expressed fear that, in the event no deal is reached, they would lose access to LCH, a clearing house which processes the vast majority of Euro-denominated interest rate swaps.Read more: May unable to guarantee no hard Irish border in case of ‘no deal’ BrexitIn a speech yesterday, ESMA chair Steven Maijoor said: “we need to ensure continued access to UK CCPs for EU clearing members and trading venues”, adding that losing access could result in “risks to the stability of EU financial markets.”Contract continuity has become an area of increasing precarity as firms brace for the possibility of a no-deal Brexit. 36m insurance policyholders across the UK and EEA, and £26 trillion of outstanding uncleared contracts for derivatives could be impacted if the UK fails to reach a solution with EU negotiators. Tags: Brexit Insurancecenter_img whatsapp Louis Ashworth More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.com The chair of the European Securities and Markets Authority (ESMA) has called for measures which would allow EU firms to access clearing houses based in the UK in the event of a no-deal Brexit.last_img read more

Collector Classics: 1974 Porsche 914

first_img We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Fenning knew these cars well. He had looked at a dozen of them before he made his choice. In his 20s, he used to commute to his BC Hydro job in Burnaby with a co-worker who had a Porsche 914.“He would scare the hell out of me every day and it was cemented in my mind how these things handled,” Fenning recalls.Now a corrosion technician for Fortis BC based in Summerland, Fenning had an early history with British sports cars. First there was a 1970 Triumph Spitfire. Then he upgraded to a 1974 Triumph TR6.He shared the interest with a close friend who also had a Spitfire and they refined their mechanical skills together with advice from his friend’s father, Rod Taylor Gregg, who ran a home restoration shop.“He would move lumber and drywall aside to give us room to work,” Fenning recalls. “Rod was the Eighties’ version of today’s YouTube. He could fix anything and would show you how if you asked.”In later life, Fenning restored a 1967 MGB GT. But he became disenchanted with the lack of power and maneuverability: “It was so underpowered, it couldn’t pull the skin off a tapioca pudding.”When BMX bicycle competition took over his life, a passion he shared with his son and daughter, the injuries started. It was while recovering in hospital with his second broken hip that a magazine brought in by his wife rekindled his interest in the ‘poor man’s’ Porsche.The Porsche 914 is a mid-engine, two-seat sports car with a removeable Targa top designed and marketed collaboratively by Volkswagen and Porsche from 1969 to 1976. It was an entry level Porsche sold with either a four-cylinder Volkswagen engine or a flat six-cylinder Porsche powerplant. Both were sold through the VW/Porsche dealer network.Weighing under 1,000 kilograms (2,200 lbs.), the agile 1.2 -metre-tall German-built sports car was thrilling to drive as it turned corners like it was on rails. In 1970, the Porsche 914 was Motor Trend Magazine’s Import car of the Year.Fenning’s 1974 model is powered by a fuel-injected VW 2.0-litre engine producing 95 horsepower. His problems with this car began when he tried to register it in British Columbia – with a Washington State title giving a serial number that didn’t match the one on the car. The second number of the last four was 6 on the title and a 9 on the car.The man who imported the car into Canada told Fenning it was late at night and the Canada Customs officer at the border hadn’t physically inspected the car’s VIN to ensure it matched the number on the title. Meanwhile, the problem with the title continued self-perpetuating.“My car is 6991 and the title says 6691. So, whenever the real 6691 got sold, both our titles would change,” he says. “It turned into a complete fiasco with me having to drag the car back across the border, have an inspection by the Washington State Highway Patrol and jump through a lot of other hoops.”He had obtained a letter from the Washington State motor license branch in Olympia detailing the issue and explaining why he was required to re-enter the old Porsche into the United States.Armed with the letter and inspection certification from the Washington State Patrol, he was able to get a Washington State vehicle title in his name with his B.C. address from a licensing agent in the Washington State border town of Blaine. He then imported the car back into Canada with a yellow card supplied by Canada Customs. This car was definitely an international traveler.But Fenning still had to register the car in British Columbia.He set out doing the restoration to get the car into good shape so it could pass a B.C. safety inspection. He also continued to investigate the car’s past history to arm himself for the anticipated battle with bureaucracy.“The guy I bought it from got it from someone on one of the islands outside Seattle,’ he says. “The car had been set up for autocross – cone dodging — and he recalled the owner had a Lotus.”Armed with those scant leads, Fenning hit the Internet and found one Jim Taylor, who had been a director of the Evergreen Lotus Car Club, Washington in the 1990s. He had indeed owned the car at one time and had bought it from a Seattle dentist who brought the Porsche 914 up from California. Evidence shows the serial number was incorrectly listed on the title in the early Nineties but there is no way to know who was responsible.When Fenning finally went to register the car in B.C., the ICBC agent was confused by the Washington State title with Steven Fenning’s name and B.C. address. Steve had to make a second trip to the border to find a willing Canada Customs officer to update the original importation document.After six months and numerous trips through B.C. and Washington State bureaucracies, Fenning was finally able to register his now restored Porsche 914 in his home province.“If I hadn’t succeeded, I would have a very expensive parts car,” he says.Steve did all the restoration work himself, including sorting out numerous body prangs incurred during his car’s autocross competition days. He left the final body prep and paintwork to local Porsche expert Don Anderson.Fenning couldn’t live with the original custom Porsche colour Sahara beige so he opted for emerald green – a custom Porsche colour that is correct for a 1974 Porsche 911.Fenning is now restoring his second Porsche – a somewhat rusty 1987 Carrera that had been driven 560,000 kilometres by the original owner, a Surrey lawyer.His 19-year-old son Alex, who cut his teeth fixing and driving hot Volkswagen Corrado and GTI models, is lending a hand with the restoration.And all the paper work appears in order. See More Videos RELATED TAGSPorscheVintage / ClassicClassic CarsClassic Cars & TrucksNew VehiclesVancouverVintage & CollectibleAlyn EdwardsBlaineBritish ColumbiaBritish Columbia Hydro and Power AuthorityBurnabyCaliforniaCanadaCars and Car DesignCulture and LifestyleDon AndersonDr. Ing. h.c. F. Porsche AGJim TaylorMotor TrendOlympia (Washington)Porsche 911Rod Taylor GreggSeattleSports CarsSquamishSteve FanningSteven FenningSummerlandSurreyTriumph SpitfireTriumph TR6United StatesVancouverVolkswagen AGVolkswagen CorradoVolkswagen GTIWashington State Highway PatrolWashington State PatrolWashington State UniversityYouTube LLC Created with Raphaël 2.1.2Created with Raphaël 2.1.2Steve Fenning in the driver’s seat of his restored 1974 Porsche 914.Alyn Edwards, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The immaculate restored interior of the 1974 Porsche 914.Alyn Edwards, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2Registration of the well used 1974 Porsche 914 proved a bureaucratic cross-border nightmare.Alyn Edwards, Driving Created with Raphaël 2.1.2Created with Raphaël 2.1.2The 1974 Porsche 914 restored by Summerland enthusiast Steve Fenning.Alyn Edwards, Driving advertisement Trending Videos Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Just one digit was wrong. Actually, it was upside down.The Vehicle Identification Number (VIN) on Steve Fanning’s 1974 Porsche 914 restoration project was 6991. But the Washington State title said 6691.It was a mistake that had been perpetuated as the car changed hands and then was imported into Canada by an enthusiast in Squamish. He intended to restore the car but his plans changed. Fenning bought the old and abused sports car for $4,000 with plans to immediately begin a full restoration. PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca The Rolls-Royce Boat Tail may be the most expensive new car ever Alyn Edwards is a classic car enthusiast and partner in Peak Communicators, a Vancouver-based public relations company. [email protected] COMMENTSSHARE YOUR THOUGHTS Trending in Canada ‹ Previous Next ›last_img read more

Innovative solar-powered toilet developed by CU-Boulder ready for India unveiling

first_imgCU-Boulder postdoctoral researcher Tesfayohanes Yakob, left, and research engineer Dana Haushulz are shown here with a novel solar-thermal toilet developed by a team led by CU-Boulder Professor Karl Linden as part of the Bill & Melinda Gates Foundation’s “Reinvent the Toilet Challenge” to improve sanitation and hygiene in developing countries. Photo courtesy University of Colorado A revolutionary University of Colorado Boulder toilet fueled by the sun that is being developed to help some of the 2.5 billion people around the world lacking safe and sustainable sanitation will be unveiled in India this month.The self-contained, waterless toilet, designed and built using a $777,000 grant from the Bill & Melinda Gates Foundation, has the capability of heating human waste to a high enough temperature to sterilize human waste and create biochar, a highly porous charcoal, said project principal investigator Karl Linden, professor of environmental engineering. The biochar has a one-two punch in that it can be used to both increase crop yields and sequester carbon dioxide, a greenhouse gas.The project is part of the Gates Foundation’s “Reinvent the Toilet Challenge,” an effort to develop a next-generation toilet that can be used to disinfect liquid and solid waste while generating useful end products, both in developing and developed nations, said Linden. Since the 2012 grant, Linden and his CU-Boulder team have received an additional $1 million from the Gates Foundation for the project, which includes a team of more than a dozen faculty, research professionals and students, many working full time on the effort.According to the Gates Foundation, the awards recognize researchers who are developing ways to manage human waste that will help improve the health and lives of people around the world. Unsafe methods to capture and treat human waste result in serious health problems and death – food and water tainted with pathogens from fecal matter results in the deaths of roughly 700,000 children each year.Linden’s team is one of 16 around the world funded by the Gates “Reinvent the Toilet Challenge” since 2011. All have shipped their inventions to Delhi, where they will be on display March 22 for scientists, engineers and dignitaries. Other institutional winners of the grants range from Caltech to Delft University of Technology in the Netherlands and the National University of Singapore.The CU-Boulder invention consists of eight parabolic mirrors that focus concentrated sunlight to a spot no larger than a postage stamp on a quartz-glass rod connected to eight bundles of fiber-optic cables, each consisting of thousands of intertwined, fused fibers, said Linden.  The energy generated by the sun and transferred to the fiber-optic cable system — similar in some ways to a data transmission line — can heat up the reaction chamber to over 600 degrees Fahrenheit to treat the waste material, disinfect pathogens in both feces and urine, and produce char.“Biochar is a valuable material,” said Linden. “It has good water holding capacity and it can be used in agricultural areas to hold in nutrients and bring more stability to the soils.” A soil mixture containing 10 percent biochar can hold up to 50 percent more water and increase the availability of plant nutrients, he said. Additionally, the biochar can be burned as charcoal and provides energy comparable to that of commercial charcoal.Linden is working closely with project co-investigators Professor R. Scott Summers of environmental engineering and Professor Alan Weimer chemical and biological engineering and a team of postdoctoral fellows, professionals, graduate students, undergraduates and a high school student.“We are doing something that has never been done before,” said Linden. “While the idea of concentrating solar energy is not new, transmitting it flexibly to a customizable location via fiber-optic cables is the really unique aspect of this project.” The interdisciplinary project requires chemical engineers for heat transfer and solar energy work, environmental engineers for waste treatment and stabilization, mechanical engineers to build actuators and moving parts and electrical engineers to design control systems, Linden said.Tests have shown that each of the eight fiber-optic cables can produce between 80 and 90 watts of energy, meaning the whole system can deliver up to 700 watts of energy into the reaction chamber, said Linden. In late December, tests at CU-Boulder showed the solar energy directed into the reaction chamber could easily boil water and effectively carbonize solid waste.While the current toilet has been created to serve four to six people a day, a larger facility that could serve several households simultaneously is under design with the target of meeting a cost level of five cents a day per user set by the Gates Foundation. “We are continuously looking for ways to improve efficiency and lower costs,” he said.“The great thing about the Gates Foundation is that they provide all of the teams with the resources they need,” Linden said. “The foundation is not looking for one toilet and one solution from one team. They are nurturing unique ideas and looking at what the individual teams bring overall to the knowledge base.”Linden, who called the 16 teams a “family of researchers,” said the foundation has funded trips for CU-Boulder team members to collaborate with the other institutions in places like Switzerland, South Africa and North Carolina. “Instead of sink or swim funding, they want every team to succeed. In some ways we are like a small startup company, and it’s unlike any other project I have worked on during my career,” he said.CU-Boulder team member Elizabeth Travis from Parker, Colo., who is working toward a master’s degree in the engineering college’s Mortenson Center in Engineering for Developing Communities, said her interest in water and hygiene made the Reinvent the Toilet project a good fit. “It is a really cool research project and a great team,” she said. “Everyone is very creative, patient and supportive, and there is a lot of innovation. It is exciting to learn from all of the team members.”“We have a lot of excitement and energy on our team, and the Gates Foundation values that,” Linden said.  “It is one thing to do research, another to screw on nuts and bolts and make something that can make a difference. To me, that’s the fun part, and the project is a nice fit for CU-Boulder because we have a high interest in developing countries and expertise in all of the renewable energy technologies as well as sanitation.”The CU-Boulder team is now applying for phase two of the Gates Foundation Reinvent the Toilet grant to develop a field-worthy system to deploy in a developing country based on their current design, and assess other technologies that may enhance the toilet system, including the use of high-temperature fluids that can collect, retain and deliver heat.Contact: Karl Linden, 303-492-4798 or 303-502-0188 (cell)[email protected] Jim Scott, CU-Boulder media relations, [email protected] Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: March 12, 2014 center_img “We are doing something that has never been done before,” said project principal investigator Karl Linden, professor of environmental engineering. “While the idea of concentrating solar energy is not new, transmitting it flexibly to a customizable location via fiber-optic cables is the really unique aspect of this project.” The interdisciplinary project requires chemical engineers for heat transfer and solar energy work, environmental engineers for waste treatment and stabilization, mechanical engineers to build actuators and moving parts and electrical engineers to design control systems, Linden said. Categories:AcademicsScience & TechnologyEducation & OutreachGetting InvolvedEnvironmentCampus CommunityNews Headlineslast_img read more

St. Catherine Parish Council Launches Drive to Build Safer Communities

first_imgRelatedSt. Catherine Parish Council Launches Drive to Build Safer Communities FacebookTwitterWhatsAppEmail RelatedSt. Catherine Parish Council Launches Drive to Build Safer Communities RelatedSt. Catherine Parish Council Launches Drive to Build Safer Communities St. Catherine Parish Council Launches Drive to Build Safer Communities CommunityFebruary 19, 2013Written by: Andrea Brahamcenter_img The St. Catherine Parish Council has begun a drive to build safer communities and enhance public order across the parish.The Council has officially launched the Parish Safety and Security Committee, which will spearhead a campaign to increase the citizens’ participation in the development, implementation, monitoring and evaluation of actions to improve their safety and security.Speaking at the launch, in Spanish Town, on February 14, Local Government and Community Development Minister, Hon. Noel Arscott, congratulated the Council and its key partners for taking on the leadership role to address safety and security in the parish.The Minister said that for far too long there has been the feeling that security is the sole responsibility of the police. He noted that it is only when people act together to find solutions for sustainable peace and harmony, will there be a real decline in acts of violence and other contributing factors that minimize safety at the community level.“It is due to the measureable interventions of this project and other major initiatives from the Ministry of National Security, the hard working members of the Jamaica Constabulary Force and brave commitment of the St. Catherine Parish Development Committee and other partners, that this parish is boasting a lower rate of major crimes over the past 12-18 months,” Mr. Arscott said.Mayor of Spanish Town, Councillor Norman Scott, outlined several initiatives that the committee has spearheaded since its formation, including a Safety and Security Symposium which saw over 250 community members from Old Harbour, Linstead and Spanish Town getting together to share concerns and ideas that will promote safety and security for all.“The concerns were documented, prioritised, and will therefore determine which issues will be addressed in the short, medium and long term,” Mayor Scott said.He said the message of safety and security will be taken around the parish with public education events slated for February 27 in Old Harbour; February 28 in Linstead and March 11 for Spanish Town.Mr. Scott also informed that a safety audit has been done in selected communities to document existing safety hazards.Mayor Scott also addressed the issue of sexual assault and handed out posters and flyers at the official launch.The flyer depicted the message: ‘Real Men Don’t Rape’; encouraging respect for females, many of whom have been victims of abuse.“We believe that this positive message will result in behavioural change, one man at a time. This message will be taken to all our major townships as well as our rural areas,” Mayor Scott said.Among those participating in the launch were United Nations Development Programme’s Resident Representative to Jamaica, Dr. Arun Kashyap; Assistant Commissioner of Police (ACP), Novelette Grant; Representative of the Ministry of Local Government and Community Development, Robert Hill and Head of the Parish Development Committee, Earl Hyde. Story HighlightsThe St. Catherine Parish Council has begun a drive to build safer communities and enhance public order across the parish.The Council has officially launched the Parish Safety and Security Committee, which will spearhead a campaign to increase the citizens’ participation in the development, implementation, monitoring and evaluation of actions to improve their safety and security.Speaking at the launch, in Spanish Town, on February 14, Local Government and Community Development Minister, Hon. Noel Arscott, congratulated the Council and its key partners for taking on the leadership role to address safety and security in the parish. Advertisementslast_img read more

Iliad earnings boosted by strong mobile additions

first_imgHome Iliad earnings boosted by strong mobile additions Tags Iliad overcame “persistently fierce competition” in France to report a strong Q3 performance, bolstered by the addition of 250,000 mobile subscribers, as the company edges closer towards a launch in Italy.The operator, which entered France in 2012 through mobile and internet brand Free, shook up the market by increasing the number of operators from three to four, sparking a period of aggressive promotions to capture, or indeed maintain, market share.Free, in particular, pushed lower prices and attributed this quarter’s subscriber growth largely to its Free Mobile Plan, offering unlimited calls, texts, 25GB of data, and roaming for €19.99 a month.Iliad said Q3 net additions left it close to 13.4 million mobile subscribers in total, and represented the highest number of net adds in France for the 23rd consecutive quarter. The operator ended the period with an 18.7 per cent share of overall French mobile subscribers.The company added one in two of its subscribers now had access to 4G, amounting to 7.4 million 4G subscribers in total, while it also reported a “record-breaking quarter” for FTTH connections, with 64,000 new subscribers, in addition to 27,000 new broadband and ultra-fast broadband subscriber additions.On the back of the strong subscriber gains, Iliad reported a year-on-year revenue rise of 5.3 per cent to €1.24 billion, from €1.18 billion in Q3 2016, with mobile revenue increasing 6.3 per cent to €554 million.Iliad did not provide a Q3 profit figure.Italy launchThe company is now ever closer to a long-awaited launch in Italy, which is expected to happen at the end of 2017 or early 2018.Iliad’s Italian unit, which it acquired as part of a deal which saw CK Hutchison’s Italian unit merge with Veon’s local business, represents the company’s first major move outside of France.The company said earlier this year it plans to adopt an aggressive pricing strategy in Italy, similar to the one deployed in France, in its bid to capture market share.Although there was no mention of Italy in its Q3 results announcement, Iliad CFO Thomas Reynaud told Reuters it was close to finalising its team for launch in Italy.“More than 70 people have already been recruited, essentially in Milan but also in Rome,” he said: “The staff will continue to grow and we’ll be present in several cities, notably to deploy our network.”. Kavit Majithia Google dismisses Italy claims of market position abuse Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 16 NOV 2017 Related Serie A, Google give piracy apps the boot Previous ArticleP&G sees huge opportunity in digital disruptionNext ArticleDeutsche Telekom CEO open to going Dutch with Tele2 Author Italy probes CK Hutchison, Cellnex tower deal IliadItalyQ3last_img read more

UK pushes for final O2, Virgin Media call

first_img Previous ArticleJio aims to introduce $50 smartphoneNext ArticleOrange makes opening France 5G pitch Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Luz verde a la fusión entre Telefónica y Liberty Global en el Reino Unido CMALiberty GlobalO2 UK AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 08 OCT 2020 Chris Donkin Tags The UK’s Competition and Markets Authority (CMA) urged the European Commission (EC) to give it the final say on the proposed merger of Telefonica and Liberty Global’s local operations, arguing the deal does not have implications elsewhere.The EC is currently in the process of reviewing a tie-up between mobile provider O2 UK and fixed company Virgin Media with a provisional deadline of 5 November. Its current timeline assumes the decision does not require a second level investigation.Although clearance or rejection currently falls under the remit of EC competition chiefs, the decision can be transferred to the CMA under specific circumstances.In a statement, the CMA said requirements for the EC to cede control have been met as “any impact on competition will be limited solely to UK consumers” with potential effects covering both the retail and wholesale sectors.It added any implications would be felt following the end of the transition period for the UK leaving the European Union, further improving its case for control.The EC has until 19 November to respond to the CMA’s request. Should it fail, the UK body said it would continue to aid the European-level investigation. Subscribe to our daily newsletter Back Liberty Global eyes edge move with Digital Colony JV Author Related Telefonica, Liberty Global to finalise UK merger Home UK pushes for final O2, Virgin Media calllast_img read more

News / DP World continues its diversification with billion-dollar Topaz Energy & Marine deal

first_img“We believe this innovative approach, together with increased scale, will allow the combined Topaz and P&O Maritime Services business to drive efficiencies and earnings growth, and we look forward to welcoming the Topaz team into the DP World family.“Furthermore, this new partnership opens the door for DP World to participate more extensively in new business areas, including increasing transit volumes through Azerbaijan under the east-west trade corridor.“This transaction is in line with our strategy to grow our presence in marine logistics and become a solutions provider to end customers.”Topaz chief executive René Kofod-Olsen added: “This is an excellent deal for our employees and customers. Being part of a world leading group such as DP World, ensures that we will continue to be an employer of choice for talented individuals and will bring greater strength and benefits to our customers.”DP World explained that Topaz currently had a sales pipeline of $1.6bn, which “far exceeds industry benchmarks”, and numbers many of the leading international and national oil companies, including BP, Chevron, Dragon Oil, Dubai Petroleum, ExxonMobil, Saudi Aramco and Tengizchevroil, among its clients. By Gavin van Marle 01/07/2019 Dubai-headquartered terminal operator DP World has continued its diversification strategy, today announcing it will acquire offshore oil logistics specialist Topaz Energy & Marine.DP World said it had agreed to buy the company, which operates a fleet of 117 offshore support vessels, from Renaissance Services SAOG and Standard Chartered Private Equity/Affirma Capital for $1.079bn, as it continues to expand beyond its core business of running ports.Chairman Sultan Ahmed Bin Sulayem said: “In recent years, we have been investing selectively in the marine logistics sector in companies with high revenue visibility, consistent track record and strong customer relationships, and this acquisition complements the operations of our P&O Maritime Services, which maintains over 300 vessels globally.“Much like DP World, Topaz has evolved its business, offering customers a range of logistics solutions, helping the company outperform the industry.last_img read more

Solid growth throughout 2015 sees JA Solar plan manufacturing expansion

first_imgSolid growth throughout 2015 sees JA Solar plan manufacturing expansionJA Solar took advantage of the rise in the global solar market in 2015, with growth in revenue, sales and operating margin, which has encouraged the company to expand its manufacturing capacity through 2016. March 15, 2016 Sam Pothecary Finance Installations Legal Markets Markets & Policy Share The solar industry cranked it up a gear in 2015, which has been reflected in the end of year financial reports for the industry’s biggest players. This was certainly the case for the world’s fourth largest solar module producer, JA Solar, which enjoyed solid growth across the board. The company seems confident that demand will continue to grow, with plans to expand its total manufacturing capacity to 2.0 GW for wafers, 5.5 GW for cells, and 5.5 GW for modules by the end of 2016.As to be expected with the level of growth that the industry as a whole enjoyed, JA Solar’s yearly shipments experienced a steady rise, totaling approximately 4.0GW. Interestingly, 53.5MW of its shipments were sent to its own downstream projects, highlighting the company’s downstream ambitions. Excluding the shipments to its own projects, there was a 28.8% rise from 3.1GW external shipments in 2014.This translated into large revenue growth of 19.7% over the course year, with total revenue of $2.1 BN, up from $1.7 BN in 2014. Net income in this time period rose 38% to $94.9 million compared to $69.0 million in 2014. The Chinese company’s revenue grew sequentially throughout the year, as it generated Net revenue of $709.3 million during the fourth quarter 2015, which was a rise of 20.3% from the third quarter 2015.The real test would be to see whether this growth could be translated into high operating profit and gross margin, both of which saw significant increases in 2015. The operating profit for the year rose to $133.5 million from $102.3 million in 2014, while the yearly gross margin was 17.0%, up from 15.6% in 2014. However, this growth was not paralleled sequentially, as operating profit of $40.2 million and a gross margin of 17.1% for Q4, were both down from Q3 results. This was a result of rising operating expenses due to ‘provision of receivables and impairment of certain project assets.’“We exceeded our operating and financial objectives with shipment and revenue. We fulfilled strong demand across Asia, especially in China, but also made meaningful advances in North America,” said Chief Executive Officer Baofang Jin.To build upon the year’s success, JA Solar plans to increase its manufacturing capacity. This shows that the company is envisioning an increase in demand for their products in 2016, which is reflected in its shipment forecast. JA Solar has forecasted shipments to grow at least 30% to between 5.2 GW and 5.5 GW. This is even an increase from the November estimate of 5.0 GW. To start the year off, it is expecting Q1 2016 shipments to total between 1 to 1.1 GW.“Our outlook for 2016 is bright,” continued Jin. “We expect growth of over 30%, as countries around the world continue to encourage the growth of clean, renewable energy. We are able to capture this market growth due to our industry-leading reputation for quality and value. We intend to aggressively protect that reputation through our ongoing investment in research and marketing. ”This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected] content ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… Submarine cable to connect 10.5 GW wind-solar complex in Morocco to the UK grid Emiliano Bellini 22 April 2021 pv-magazine.com UK-based Xlinks is planning to build 10.5 GW of wind and solar in Morocco and sell the power generated by the huge plant in the UK. This should be ma… Solar park built on rough wooden structures comes online in France Gwénaëlle Deboutte 26 April 2021 pv-magazine.com French company Céléwatt energized its 250 kW ground-mounted array, built with mounting structures made of raw oak wood.April 26, 2021 Gwénaëlle Debo… The weekend read: PV feed in, certified pv magazine 1 May 2021 pv-magazine.com As more renewable energy capacity is built, commissioned, and connected, grid stability concerns are driving rapid regulatory changes. In the Europea… Enabling aluminum in batteries Mark Hutchins 27 April 2021 pv-magazine.com Scientists in South Korea and the UK demonstrated a new cathode material for an aluminum-ion battery, which achieved impressive results in both speci… The Hydrogen Stream: 20 MW green hydrogen plant in Finland, two Australian projects move forward Sergio Matalucci 20 April 2021 pv-magazine.com Storegga, Shell and Harbour Energy want to set up a 20 MW blue hydrogen production facility in the U.K. Australia’s Origin Energy wants to build a hy… ITRPV: Large formats are here to stay Mark Hutchins 29 April 2021 pv-magazine.com The 2021 edition of the International Technology Roadmap for Photovoltaics (ITRPV) was published today by German engineering association VDMA. The re… 123456iAbout these recommendationsShare Sam Pothecary Sam joined pv magazine in 2016, primarily to manage the magazine’s online presence. As well as writing and editing articles for the daily news section, he reports on the global solar industry and climate policies for the magazine.More articles from Sam Pothecary [email protected] Related content Pacific Energy to construct Fortescue’s Pilbara grid-scale battery project Blake Matich 30 April 2021 pv-magazine.com Contract Power Australia, a subsidiary of Pacific Energy, is set to design, construct, install and commission 42 MW of b… The more you know Marian Willuhn 7 April 2021 pv-magazine.com Module-level power electronics, most often in the form of power optimizers and microinverters, offer a range of value pr… Battery testing builds certainty pv magazine 7 April 2021 pv-magazine.com Owners and operators of energy storage systems, as well as investors, need transparent ways to evaluate battery performance. Solar pavement for historic square in Barcelona Pilar Sánchez Molina 30 April 2021 pv-magazine.com The municipal government of Barcelona is supporting the development of a 50-square-meter pilot project to test the feasi… Hungary launches third renewables auction Emiliano Bellini 30 April 2021 pv-magazine.com The Hungarian energy regulator expects to contract around 300 GWh of renewable energy in the procurement exercise.April… pv magazine test: February 2021 results pv magazine 7 April 2021 pv-magazine.com We are pleased to report on the next batch of energy yield results from the outdoor test field in Xi’an, China. We prese… iAbout these recommendations Elsewhere on pv magazine… MIBEL alcanzó nuevamente los precios más bajos de Europa mientras subieron en el resto de mercados eléctricos pv magazine 23 March 2021 pv-magazine.es En la tercera semana de marzo los precios de la mayoría de mercados eléctricos europeos subieron, mientras que MIBEL mar… Tasmanian Labor installs solar at the top of its campaign promises Blake Matich 8 April 2021 pv-magazine-australia.com Tasmania (TAS) is going to the polls on May 1, and the opposition Labor Party has put forth a $20 million plan to fund l… India closing in on 7 GW of rooftop solar pv magazine 13 April 2021 pv-magazine-australia.com India’s cumulative installed capacity of rooftop solar stood at 6,792 MW as of December 31, 2020, with 1,352 MW having b… Spotlight on Australian solar Bella Peacock 21 April 2021 pv-magazine-australia.com Calculating the average sunlight hours data from the Bureau of Meteorology from January toDecember 2020, Darwin was cro… Q&A: EEW’s $500 million Gladstone solar to hydrogen project is just the start Blake Matich 18 March 2021 pv-magazine-australia.com pv magazine Australia: Australia is the testing ground for a lot of different aspects of the future green hydrogen market. Cracking the case for solid state batteries pv magazine 29 April 2021 pv-magazine-australia.com Scientists in the UK used the latest imaging techniques to visualize and understand the process of dendrite formation an… iAbout these recommendations Leave a Reply Cancel replyPlease be mindful of our community standards.Your email address will not be published. Required fields are marked *CommentName * Email * Website Save my name, email, and website in this browser for the next time I comment. By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. 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Select one or more editions for targeted, up to date information delivered straight to your inbox.Email* Select Edition(s)*Hold Ctrl or Cmd to select multiple editions.Tap to select multiple editions.Global (English, daily)Germany (German, daily)U.S. (English, daily)Australia (English, daily)China (Chinese, weekly)India (English, daily)Latin America (Spanish, daily)Brazil (Portuguese, weekly)Mexico (Spanish, daily)Spain (Spanish, daily)France (French, daily)We send newsletters with the approximate frequency outlined for each edition above, with occasional additional notifications about events and webinars. We measure how often our emails are opened, and which links our readers click. To provide a secure and reliable service, we send our email with MailChimp, which means we store email addresses and analytical data on their servers. You can opt out of our newsletters at any time by clicking the unsubscribe link in the footer of every mail. For more information please see our Data Protection Policy. Subscribe to our global magazine SubscribeOur events and webinars Reducing solar project risk for extreme weather 20 April 2021 pv-magazine.com Discussion participantsDaniel H.S. Chang, VP of Business Development | RETCGreg Beardsworth, Sr. Director of Product M… Grid code compliance in megawatt projects 27 April 2021 pv-magazine.com Discussion participantsEhsan Nadeem Khan, Grid Code Compliance Engineer, meteocontrolModeratorsMarian Willuhn, Editor… iAbout these recommendations pv magazine print The more you know Marian Willuhn 7 April 2021 pv-magazine.com Module-level power electronics, most often in the form of power optimizers and microinverters, offer a range of value pr… Battery testing builds certainty pv magazine 7 April 2021 pv-magazine.com Owners and operators of energy storage systems, as well as investors, need transparent ways to evaluate battery performance. pv magazine test: February 2021 results pv magazine 7 April 2021 pv-magazine.com We are pleased to report on the next batch of energy yield results from the outdoor test field in Xi’an, China. We prese… Australia’s next wave of large-scale solar development pv magazine 7 April 2021 pv-magazine.com Call it “latent energy” – Australia’s renewable resources are expected to help some of the world’s greatest polluters to… Flexible tools for the next generation Jonathan Gifford 7 April 2021 pv-magazine.com A solar manufacturing investment cycle appears to be underway in Europe, with equipment suppliers reporting surging leve… The ideal format pv magazine 7 April 2021 pv-magazine.com The speed at which manufacturers are introducing changes from one product generation to the next is accelerating – curre… iAbout these recommendationslast_img read more

Mobile camera placement for effective virtual communication

first_imgThe virtual communication through the webcam on laptop or mobile device Camera is already used by people for the past few years and advanced technological development with enhanced pixel Camera contributing a lot in this regard. But an urgent need for the same is being felt since the past few months because of lockdown as a result of COVID-19 Pandemic.While many of the users successfully using virtual communication at the same time some others desperately think that they are not getting a satisfactory result for not having an expensive device on their hand. This may be true to some extent while talking about a number of pixels produced by Camera which contribute a lot to the picture quality. But it is also true that people can easily establish a successful virtual communication using the available resources whatever on their hand. It is observed that students, especially the children, are more efficient in using the Camera for their exploring nature. One who is familiar with his own device must know the best use of it. For establishing a successful virtual communication one must keep in mind few things essential for the purpose.1) The first thing one should keep in mind is to use the horizontal format instead of keeping the device vertical. While the vertical format doesn’t provide much space at the same time it also mismatches to the aspect ratio of a laptop or television screen. One must have noticed the empty space on both sides of the actual picture on the screen of any TV Channels while connecting to a mobile user who is holding the device vertically. Most of the TV Channels try to modify the screen by using a wipe and creating a border around the actual picture.2) The second thing we should remember is to place the device on eye level. The vertical axis of the device should be perpendicular to the axis between the device Camera and eyes of the person who is being photographed. This will reduce the extra space towards the ceiling that always badly visible in case of most of the users. It may not be possible for holding the device on hand and maintain the same throughout the communication. So it advisable to keep it on a stand by fixing the frame with an activity area at a distance.3) One most important thing we should remember is about the selection of background. The background behind the person must not have any artificial light source or windows and ventilation through which light passes from outside. Any Device Camera with auto mode will capture such unnecessary light and the picture will either appear black or blurred.4) The next important factor is the use of a light source. While people are communicating from their home it is assumed to have used available light source inside their home or in exterior daylight. All the webcam and mobile cameras are being designed to shoot on the available light source and we only need to keep the exposure on auto mode.An artificial light source if used indoor must be at the front of the person being photographed and atop the device.5) By keeping all those steps as mentioned above we can easily frame an activity area at a distance for our use. One need not go closer to the device which may result in a distorted image. We must remember the limitation of technology which is still on a developing stage. Most people still feel the tendency to either going closer towards the device or bringing the device closer to them to see the picture from the other end. By doing this they often forget to balance their own picture.For better use of virtual communication, one can easily connect the mobile device to a laptop or Television set by using smart view app. By using both the system one can avoid most of the distortion and establish better communication.last_img read more

Hiya Honey!!

first_imgIt has been reported that most of the honey sold in Indian markets may not even be “bees” percent natural!! Though this ‘buzz’ has been going around for quite some time, it required a real ‘sting’ operation to come out with some ‘bitter’ truths about this natural sweetener.Sourcing honey from original sources has always been a ‘मक्खी’ affair and, for large manufacturers, “to bee or not to bee, that has been the question”! But despite this, numerous new entrants seem to have made a ‘bee-line’ for this lucrative business, thereby making it a busy ‘hive’ of activity. Most of them claim that the stuff they sell is genuine and really गुड़! But, when they aver that theirs is a natural product of pollination, they are obviously trying to ‘फूल’ you!Apparently, with fructose sourced from China, they’ve been able to pass the necessary Indian tests. Such is the property of this चीनी चीनी, that our labs haven’t been able to catch this शक्कर का चक्कर. For CSE**, this suspicion has for long been a “bee in their bonnet” and, much to their delight, Nuclear Magnetic Resonance (NMR) tests finally revealed the same saying “शुकर है कि इसमें sugar है”. But large suppliers don’t seem NMRed by the findings and continue to be in denial mode by saying “Sunita, इसमें तो honey था! In my opinion, factories that are able to replicate what bees produce, should be called “Ap(e)iaries”. These guys are definitely not “कम अकल” when it comes to ‘chemical’.The govt could run an awareness ad campaign promoting the original stuff, with the song “गुनगुना रहे हैं भंवर…” probably sung by Honey Singh in ‘B(ee) Major’. They could conclude with a warning that says “Adulterated मधु आप के लिए Honeyकारक है!!”{Nowadays, even people’s remarks seem artificial, and we get suspicious when people try to be excessively sweet and say “Hiya, honey…”; we tend to take it with a pinch of sugar (oops, I mean salt!)}.** CSE = Centre for Science and Environment.last_img read more