+123 456 7890 1600 Amphitheatre Parkway Mountain View, CA 94043

Eurozone manufacturing downturn eased in June as lockdowns loosened

first_imgThe European Central Bank has expanded its pandemic-related bond purchases to a total of €1.35 trillion to help combat the historic economic downturn triggered by the pandemic.  Wednesday 1 July 2020 10:24 am A worker at a factory in Troisdorf, western Germany (AFP via Getty Images) However all other indices remained stubbornly below the breakeven level, suggesting that the bloc’s manufacturing sector could be facing a slow and long recovery from the downturn. Eurozone manufacturing downturn eased in June as lockdowns loosened “The focus therefore now turns to whether gains seen in the past two months can be built on, or if momentum fades again after this initial rebound.” Over 10 million people have been infected by the virus globally and more than 500,000 have died, leading governments across the world to impose lockdowns and force businesses to temporarily close and citizens to stay at home. “Expectations for the year ahead have also rebounded sharply as hopes grow that the economy will continue to find its feet again in the coming months,” Williamson said.  The reading marks a significant rise from May’s reading of 39.4 and comfortably ahead of an earlier flash reading of 46.9. An index measuring output in the bloc jumped to 48.9 from 35.6. A worker at a factory in Troisdorf, western Germany (AFP via Getty Images) Also Read: Eurozone manufacturing downturn eased in June as lockdowns loosened IHS Markit’s future output index, which gauges optimism about the coming year within the eurozone manufacturing sector, bounced back into positive territory at 57.3 from May’s 44.6.  IHS Markit’s final manufacturing purchasing managers’ index (PMI) reading for the bloc moved closer to the 50-mark separating growth from contraction last month, coming in at 47.4. Many countries within the eurozone moved to ease restrictions last month as they began to re-open their economies.  Sharecenter_img Before the Open newsletter: Start your day with the City View podcast and key market data “The final PMI numbers for June add further to signs that the eurozone factories are seeing a strong initial recovery as the economy lifts from Covid-19 lockdowns,” said Chris Williamson, chief business economist at IHS Markit. A worker at a factory in Troisdorf, western Germany (AFP via Getty Images) Also Read: Eurozone manufacturing downturn eased in June as lockdowns loosened The downturn in eurozone manufacturing was not as bad as initially thought in June after many countries in the bloc eased lockdown restrictions.  whatsapp Anna Menin “Production and sentiment remain below pre-pandemic peaks, and persistent weak demand combined with ongoing social distancing measures are likely to act as a drag on the recovery,” said Williamson.  whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoMoney PopThe 20 Most Valuable Collectible Hot Wheels CarsMoney PopUndoBigGlobalTravelCelebrities That Are Still Married TodayBigGlobalTravelUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoAdventure CrunchHere Are the Most Famous Pro Wrestlers From the Past TodayAdventure CrunchUndoMisterStoryWoman files for divorce after seeing this photoMisterStoryUndo Show Comments ▼ Tags: Eurozone Purchasing Managers’ Index (PMI)last_img read more

Read More »

Nicola Sturgeon calls for devolved government leaders to have input into EU renegotiation

first_imgFriday 19 June 2015 4:36 am whatsapp Share by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyEliteSinglesThe Dating Site for Highly-Educated Singles in ScottsdaleEliteSinglesTotal Battle – Tactical Game OnlineThe Most Addictive Strategy Game of 2021Total Battle – Tactical Game Onlinezenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.com Show Comments ▼ Nicola Sturgeon calls for devolved government leaders to have input into EU renegotiation ashley.kirk Nicola Sturgeon, first minister of Scotland, has demanded that her views should be heard in David Cameron’s renegotiation talks with the EU. As the Prime Minister continues his discussions with EU leaders in a diplomatic blitz of Europe, Sturgeon called for a “forum” which would allow the administrations of Scotland, Wales and Northern Ireland to have a “direct input” into his stance.  Sturgeon’s move comes after Cameron has begun renegotiation talks with several EU leaders, including those from Germany, France and the EU Commission.She believes the SNP – now the third-largest party in Westminster and the ruling party in Scotland – should have an input in further talks. The first minister has previously called for a “double lock”, which would mean the UK could only leave the EU if every party of the country voted to. Sturgeon said: The EU referendum will see a decision that will affect every part of these islands, and the UK government cannot ignore the devolved administrations when it comes to its negotiating stance.Now that [the referendum] is taking place, it is absolutely essential that Scotland’s voice, and those of the other devolved administrations, is heard to ensure our interests are acknowledged – we cannot be kept in the dark.That is why I am today calling for a forum to be identified which gives the devolved governments a direct input to the negotiations to ensure that our priorities are listened to and our vital interests are protected.She is opposed to the restriction on free movement in the EU, but she wants to cut red tape in order to promote growth and allow decisions to be made at a regional level. A spokesperson for the Scottish Conservatives told The Telegraph:It is somewhat hypocritical for a party which didn’t want a referendum and voted against a referendum to demand a say over our renegotiation ahead of that referendum.Nonetheless, there is plenty of common ground between the UK government and the Scottish government on this matter, and we are sure our two governments can work well in putting that case forward. whatsapp Tags: Brexit Scottish devolutionlast_img read more

Read More »

Florida man faces DUI charges after rollover ATV crash at Redneck Yacht Club

first_imgAdvertisementTags: DUIRedneck Yacht Club Advertisement RELATEDTOPICS Child dies after drunk Texas man causes three-car crash in Lehigh Acres June 11, 2021 Advertisement AdvertisementHuffman told troopers he tried to lift the ATV off the child’s leg.After the crash, the 11-year-old boy had to be airlifted to a children’s hospital in Tampa.A trooper conducting a crash investigation asked Huffman if he would be willing to provide a blood sample. Huffman agreed. North Port woman sentenced to 13 years for deadly crash after spring training game June 14, 2021 The trooper noticed that Huffman smelled like alcohol and had red, watery eyes. The trooper Huffman that he finished the crash investigation, but was beginning a DUI criminal investigation.Huffman performed the walk and turn test as well as the one leg stand. He failed both field sobriety tests. The trooper placed Huffman under arrest for DUI, DUI property damage and DUI serious bodily injury and transported him to a nearby hospital to be medically cleared. Huffman also got a ticket for careless driving.After arriving at the Charlotte County Jail, more than 5 hours after the crash happened, Huffman provided two breath tests that both came back 0.000.The blood test was sent to a lab for testing. Lori Burke, the Executive Director of Mothers Against Drunk Driving, said she got a call from one of the group’s partners in law enforcement the next day telling her what happened.“To have to deal with this physical injury that appears to be long lasting just breaks my heart because it’s so easily avoidable,” Burke said.FHP and MADD both stress the importance of staying sober when driving any vehicle, including ATV’s.“Anything off road on these types of all terrain vehicles, they’re subject to overturn. They’re subject to some sort of issues, especially when you’re traveling on trails that are uneven, muddy, what have you,” Bueno said.Burke said she hopes the Redneck Mud Park will review their policies and begin enforcing them to avoid a similar situation.Burke planned to reach out to the 11-year-old boy’s family on behalf of Mothers Against Drunk Driving to offer various forms of assistance while the child recovers. AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Empty beer bottles found near crashed car in Collier, driver arrested June 7, 2021 CHARLOTTE COUNTY, Fla. — An 11-year-old boy was airlifted to a hospital in Tampa after an ATV crash that happened at the Redneck Yacht Club in Charlotte County, officials said.Zachary Huffman, 23, was driving a 4×4 ATV with an 11-year-old family friend and turned too sharply, causing the vehicle to flip onto its side.“There were serious injuries involved that required transportation and we’ve been advised that the 11 year old is in serious condition,” Lt. Greg Bueno with Florida Highway Patrol said.According to the report, Huffman was driving the ATV with the child tagging along on the vehicle. Humphrey took a sharp in the ATV causing it to flip over and crush the boy’s leg. The report calls the injury “permanent.”  State troopers stepping up DUI enforcement for Memorial Day weekend May 31, 2021last_img read more

Read More »

Gardai granted power to hand out fines for travel restriction breaches

first_img TAGSCovid-19Gardai WhatsApp Electric Picnic Electric Picnic apply to Laois County Council for new date for this year’s festival By Alan Hartnett – 12th January 2021 Pinterest Home News Crime Gardai granted power to hand out fines for travel restriction breaches NewsCrime WhatsApp Facebook From Monday, where breaches of the travel regulations are detected and a person does not comply with a direction of Gardai, a prosecution now can be commenced by means of a €100 Fixed Charge Notice.Where more appropriate, An Garda Síochána may seek a direction from the Office of the Director of Public Prosecutions.Deputy Commissioner John Twomey, Policing and Security said:“An Garda Síochána continues to see significant compliance by the public with Public Health Regulations, however we also continue to see some activity which is in contravention of these regulations introduced to stop the current spread of Covid-19 and protect our communities.“I appeal to every person without a reasonable excuse for travel – Stay at Home, this is your duty as a citizen and will save lives and support our front line services, nurses, doctors, hospital staff and my Garda colleagues at this time.”Gardai have also provided examples of some court outcomes of previous Garda enforcement activity.In Cavan, Kildare and Tipperary, a person was found in breach of travel restrictions without reasonable excuse. These separate individuals were fined €150, €250 and €400 respectively.In Sligo, two men received a fine of €300 as they were found to be in breach of travel restrictions without reasonable excuse.While in Dublin, a man was in breach of Covid Regulations and directed to return home but was observed still in breach of regulations at the same location two hours later. He received a €350 fine.A man from Dublin received a 30 day prison sentence and a man from Sligo was handed a two month jail term – both for being in breach of travel restrictions without reasonable excuse.SEE ALSO – Laois woman calls on people to ‘get moving’ to support student nurses in Portlaoise Hospital Electric Picnic Pinterestcenter_img Facebook Electric Picnic Gardai now have the power to prosecute breaches of travel restrictions under Covid-19 Regulations by means of a fine.The Health Act 1947 (Section 31A-Temporary Restrictions) (Covid-19) (No.10) Regulations 2020 in accordance with the Health (Preservation and Protection and other Emergency Measures in the Public Interest) Act, 2020 are currently in force.Regulation 4 states ‘an applicable person shall not leave his or her place of residence without reasonable excuse’. This is a Penal Regulation and is enforceable.Gardai say they have been consistent in their graduated policing response to supporting Public Health Regulations and guidelines in line with their tradition of policing by consent.This has seen Garda members engage, explain, encourage and, as a last resort, enforce. RELATED ARTICLESMORE FROM AUTHOR Previous articleSurveying underway in 12 rural Laois areas for National Broadband PlanNext articleOnline fundraiser launched in aid of Stradbally Woodland Railway Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Gardai granted power to hand out fines for travel restriction breaches Twitter Twitter Electric Picnic organisers release statement following confirmation of new festival date last_img read more

Read More »

TSX poised to open higher

S&P/TSX composite hits highest close since March on strength of financials sector Related news The Toronto stock market appeared set for a slightly higher open Wednesday a day after a vow by Greek prime minister George Papandreou to put the country’s bailout plan to a vote sparked sharp losses on global markets. Investors worry Greeks are fed up following a string of painful tax increases and drastic government spending cuts and will vote against the austerity plan, which could in turn result in havoc in the region’s financial sector and even push the global economy back into recession. Malcolm Morrison Keywords Marketwatch Toronto stock market dips on weakness in the energy and financials sectors TSX gets lift from financials, U.S. markets rise to highest since March Share this article and your comments with peers on social media The Canadian dollar was slightly higher after plunging more than two cents Monday after the surprise announcement by Papandreou sent traders to the safe haven of the U.S. dollar. On Wednesday, the loonie was up 0.37 of a cent to 98.52 cents US. New York futures were positive ahead of the midday announcement from the U.S. Federal Reserve on interest rates. The central bank won’t be moving rates from near zero. But traders will want to look at the Fed’s statement for reassurance that the U.S. will still be able to avoid slipping back into recession. The TSX fell 137 points Tuesday and the Dow gave back 297 points on the latest worries about the eurozone. Papandreou’s unexpected call for a public vote on the aid package came just days before the leaders of the world’s largest industrial and developing nations gather for the G20 economic summit in Cannes, France on Thursday and Friday. A top European official warned that Athens could be left to go bankrupt if it went through with the vote and experts said the broader deal — which hopes to protect larger countries such as Italy from markets panic — could collapse. Papandreou didn’t mention when the vote would be held and he faces calls from across Europe to hold a vote quickly and reduce uncertainty. Ireland’s Finance Minister Michael Noonan said Greece should hold a new election or the referendum by Christmas. But first, the Greek leader has to survive a confidence motion on Friday and analysts say that is by no means guaranteed. The weaker U.S. dollar helped commodity prices claw back losses from the previous session. A weaker greenback usually helps lift commodity prices, which are denominated in U.S. dollars, as it makes oil and metals less expensive for holders of other currencies. The December crude contract on the New York Mercantile Exchange gained 83 cents to US$93.02 a barrel. Metal prices advanced as the December copper contract on the Nymex gained 10 cents to US$3.60 a pound. Bullion moved higher while the December gold contract in New York rose $21.30 to US$1,733.10 an ounce. Several key Asian indexes were positive with Hong Kong’s Hang Seng shooting up 1.9% but Japan’s Nikkei 225 index tumbled 2.2%. European markets were mixed after steep losses Tuesday with London’s FTSE 100 index up 0.21%, Frankfurt’s DAX was ahead 0.9% and the Paris CAC 40 climbed 0.73%. In earnings news, Talisman Energy Inc. (TSX:TLM) reported that its net income jumped by nearly half in the latest quarter to $521 million as the company generated from higher prices and output. Revenues rose 17% to nearly $1.95 billion. Toy maker Mega Brands (TSX:MB) saw its profits dip slightly in the third quarter on higher costs. The Montreal-based company said net earnings fell to US$17.1 million compared to $17.4 million a year earlier. Sales rose to $133.4 million from $128.3 million. Newspaper publisher Torstar Corp. said Wednesday its third quarter net profits jumped by 74% to $25.2 million. Revenue at the owner of the Toronto Star newspaper, the Harlequin book publisher and other media properties said revenue increased to $378.7 million from $353.7 million. Facebook LinkedIn Twitter read more

Read More »

Tourism Minister Highlights Growth of Sector

first_imgTourism Minister Highlights Growth of Sector TourismMay 13, 2009 FacebookTwitterWhatsAppEmail Despite a downturn in tourist arrivals in some countries, Jamaica ended the year 2008 with a four per cent growth over the previous year.This growth has continued into 2009, with the arrival figure for January to April 2009 also showing an increase over the similar period for 2008.Minister of Tourism, Hon. Edmund Bartlett, reported the increase at the Jamaica Product Exchange (JAPEX) 2009 Media Luncheon, held at the Half Moon Hotel on Tuesday (May 12).“So far, this month of May has been a record for us in arrivals, as in the first 11 days, we are up 16 per cent over the similar period for last year,” Mr. Bartlett noted.The Minister pointed out that the positive figures were the result of hard work from all stakeholders within the Jamaican tourist industry, adding that it was not all smooth sailing. He said there has been a number of difficulties to overcome along the way, some coming in the form of fiscal and other policies being introduced by some of the originating markets for tourists coming to Jamaica.He cited the Arrival Passenger Duty (APD) being imposed by the British Government, which he said, could cause Jamaica and other Caribbean countries that dependent on tourism to lose visitors and money.“It is not a new tax, but it is a tax which has been structured in a new way, and in such a way as to discriminate against us in the Caribbean, because of how they have organised their geographical regions, and the way in which they have attempted to allocate cost in relation to each geographical area in the bands, as they call them,” he explained.The Minister pointed out that the APD is applied within four bands, A, B, C and D, each relative to the distance from London to the receiving country’s capital.“The fact is that tourism for the Caribbean, as you know, is our bread and butter. The Caribbean is the most tourism dependent region in the world. And, in our case in Jamaica, 280,000 citizens of the United Kingdom (UK) visit us every year. That provides for us pretty close to 250 million pounds sterling in gross earnings. The increase (in APD) that is being applied to air passengers from the UK to Jamaica would have the impact of reducing arrivals by 15 to 20 per cent,” Mr. Bartlett said.He pointed out that the country stands to lose some 50 million pounds sterling in earnings, if that policy continues.The Minister said that Jamaica is fully participating in a Caribbean lobby, which is seeking a review of the APD by the UK Government, to allow for a greater level of equity as it relates to that tax. Advertisements RelatedTourism Minister Highlights Growth of Sectorcenter_img RelatedTourism Minister Highlights Growth of Sector RelatedTourism Minister Highlights Growth of Sectorlast_img read more

Read More »

Wyndham City has welcomed a decision by VCAT

first_imgWyndham City has welcomed a decision by VCAT Wyndham City has welcomed a decision by the Victorian Civil and Administrative Tribunal (VCAT) to reject an application for 80 gaming machines in Truganina by Truganina Metropolitan Pty Ltd.The application was for a seven-storey integrated entertainment and commercial venue on the corner of Leakes and Palmers Road, Truganina, along with a serviced apartment hotel and residential building.Earlier this year, in documents provided to Wyndham Council, the applicant stated an agreement had been reached with NRL club Melbourne Storm to operate the venue.Wyndham Mayor, Cr Adele Hegedich, said the decision was a victory for all Wyndham residents.“Gaming machines do more harm than good,” Cr Hegedich said.“This decision sends a clear message that Wyndham opposes additional gaming machines in areas where there is already financial vulnerability.”“This is particularly relevant in the wake of COVID-19, where many of our residents have been significantly impacted in both a financial and social sense.”VCAT’s decision to reject the application was based on locational reasons, the “absence of net community benefit” and the “failings of the venue’s design”.“Social harm caused by gambling is well known. Research shows that areas with limited access to pokies have fewer family problems and instances of domestic violence, among other issues,” Cr Hegedich said.“Wyndham City was the eighth-highest Victorian municipality for gambling losses in 2018-2019. We need to reduce the risk and reduce the harm that these machines cause in our community.”There are currently 903 electronic gaming machines in Wyndham.“Wyndham City has been advocating for some time for the State Government to seriously consider capping the number of electronic gaming machines in Wyndham at current levels,” Cr Hegedich said.“We also want the stronger laws to protect our community from the effects of pokies. These should include $200 withdrawal limits at electronic cash machines in gaming venues, rather than the current $500 limit and also maximum bets of $1, rather than the current $5 limit.” /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, building, community, council, covid-19, domestic violence, Family, gambling, gaming, Government, hotel, local council, Melbourne, pokies, research, violence, Wyndham, Wyndham City Councillast_img read more

Read More »

Labor remains ready to work on bipartisan approach to protest laws to protect timber industry

first_imgLabor remains ready to work on bipartisan approach to protest laws to protect timber industry Tasmanian LaborOffer of a bipartisan approach to establish workable law remainsLabor wants to work in the best interests of resources industryDangerous stunts should not be allowed to continueLabor stands ready to go back to the drawing board with the government to establish realistic and workable protest laws now that its Workplaces Amendment Bill has been voted down by the Legislative Council.Shadow Resources Minister Shane Broad said after the long expected defeat of the Bill in the Upper House, it was time for the government and Minister Guy Barnett to concede he had gotten it badly wrong and adopt a bipartisan approach to draft legislation that would actually work.“Labor is more than ready to work in the best interests of the Tasmanian resources industry to draft legislation that will work and not criminalise any protest on any footpath or road in the state,” Dr Broad said.“Under the legislation that was defeated today, every Tasmanian – including nurses protesting about a lack of resources, factory workers demanding better leave entitlements or TAFE teachers fighting the Government’s privatisation agenda – could be fined or even jailed.“The right to protest is fundamental but what we need to target specifically are protest groups like the Bob Brown Foundation who continue to hinder the legitimate activities of the Tasmanian timber and mining industries by staging dangerous stunts for social media including standing on loose log piles for photos and locking on to moving machinery.“There are tested models from other states that with bipartisan support would provide certainty and protection for the forest sector and other industries targeted by workplace invasions.“I hope Minister Barnett is now ready to work with us to find a solution to this serious issue.”Shane Broad MP Shadow Minister for Resources /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:amendment, council, defeat, Government, house, industry, legislation, Media, mining, Minister, protest, resources, social media, TAFE, Tasmania, Tasmanian Labor, Tassielast_img read more

Read More »

Irish Water continues work on Gweedore Sewerage Scheme

first_img Facebook Twitter Arranmore progress and potential flagged as population grows Irish Water continues work on Gweedore Sewerage Scheme WhatsApp Important message for people attending LUH’s INR clinic Homepage BannerNews Journey home will be easier – Paul Hegarty By News Highland – August 3, 2019 Google+ WhatsApp Twittercenter_img Facebook Irish Water has commenced works at Ardnagappary East as part of the Gweedore Sewerage Scheme.The utility working in partnership with Donegal County Council is currently developing a new sewerage scheme for the area.As part of the initial phase of the project, Irish Water says it will be necessary to install approximately 2.5km of new wastewater network along Factory Road, the Lower Road and the link road connecting both.The works are said to take approximately three months to complete and will be largely confined to public and private roads.Traffic management measures and stop-go systems will be in place for the duration of works.The Lower Ardnagappary Road will be closed for up to four weeks to facilitate a particular section of the installation works.Temporary diversions will be in place.In the coming weeks Irish Water will be carrying out external visual surveys of a number of properties along the route of the new wastewater network.After works to install the new wastewater network have been completed, works inside private properties will be scheduled to connect these properties to the new wastewater network. Previous articleYou could see our confidence grow as the game progressed – Ollie Horgan on win over BohsNext articleSome progress made on obtaining funding for Greencastle Harbour News Highland Harps come back to win in Waterford Pinterest News, Sport and Obituaries on Monday May 24th RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ DL Debate – 24/05/21 last_img read more

Read More »

Cargolux future hangs in the air as HNCA ambassador Song vows to ‘crack China’

first_img The fate of Cargolux could be decided tomorrow. The new Luxembourg government today considers the proposal from Henan Civil Aviation Development & Investment Co (HNCA), and is expected to receive a report from an advisor recommending the sale to the coalition (see the latest, here.)And Robert Song, senior advisor to the Henan government and strategist for HNCA on the Cargolux share acquisition, arrived in Europe last weekend to extol the benefits of the proposal.Henan Province, in central China, (in yellow on map below), boasts Zhengzhou Airport, soon to become Zhengzhou Aerotropolis. It serves a Foxconn factory reportedly responsible for some 50% of the world’s iPhone production, and it is the hub for Henan Airlines, a focus for China Southern and Shenzhen Airlines and currently has freighter services from Cathay Pacific, Air China Cargo, China Airlines, AirBridgeCargo and UPS.Cargolux does not currently fly there.In an interview with The Loadstar, Mr Song, who left AirBridgeCargo (ABC) in “a decision mutually agreed” in September last year as vp Asia and Pacific region, promised he could help European exporters develop their business in China.“It’s a hard market to crack, but I can do it for you. I’ll do the Customs, sort the end-to-end delivery in a day at a low cost. What is driving the business in Zhengzhou is the potential for imports.“China needs a domestic distribution hub,” he explained. “There are only two cities that can do domestic distribution by road to 95% of the population within a day – Zhengzhou and Wuhan – and the central government has decided the logistics hub should be Zhengzhou. ”When the central government is behind a plan, it happens, he added. “I wouldn’t bet against the Chinese government.”Indeed, in March this year, the state ratified the 2013-2025 plan to create an “airport-based economy” in Zhengzhou, during which time the “Experimental zone” will become a “Mega-hub”.“It will be like Dubai,” said Mr Song. “It will be built from nothing.”There are, however, several concerns about this argument. Whatever the future, airlines are currently relying on exports from China, not imports. In the first nine months of last year, Zhengzhou Airport had 130m tonnes of freight, compared with 2.9bn in Shanghai Pudong.Shanghai has itself just launched a free-trade zone, implying it does not plan to give up its logistics hub crown just yet. And with the final plans for Zhengzhou’s development not set until 2025, and Cargolux required to fly there as soon as any deal is done, it could be a long, and unprofitable, wait for volumes.In the meantime, Henan’s plans to boost tourism and to create a passenger rail hub mean it is likely that more passenger airlines – and thus belly capacity – will fill the market and take the competitive edge from freighter operators struggling on razor-thin margins.Mr Song argued: “If you invest in an airline to make money, forget it. You don’t make money in the air, but on the ground. That’s where the profit is.” But, he added: “ABC was full from day one we began flying to Zhengzhou, and that was before Foxconn.”Henan province, which has not made clear why it needs to tie a foreign airline to its airport, is also focusing on land connections with Europe, following successful rail services between Germany and northern China. It plans to rely on the Eurasia landbridge to strengthen international ties and to feed its inland dry port, which is likely to accommodate the central government’s major agricultural plans for the region – all bypassing the need for air cargo.Another concern is the Chinese carriers. What is to stop the state-owned big three from forcing or pricing out Cargolux, even if it had a 35% local-government-owned share? The fate of Jade International, the first Chinese cargo carrier with foreign shareholders, is well documented.And Mr Song admitted that HNCA already had invested in a joint-venture with China Southern.“Yes, we could develop freight through CSA, not necessarily go overseas. But Cargolux has a certain value – it has better aircraft utilisation than anyone else and Luxembourg has a great airport.”It may be a great airport, but Cargolux’s main disadvantage in Europe is its hub. It trucks much of its traffic to Luxembourg, already setting itself at a price disadvantage to other carriers.One senior air cargo source told The Loadstar: “If there is one thing that is certain for an all-cargo airline, it is that flexibility and the ability to move your fleet at the drop of a hat is the only business case that ensures a profitable operation.“Despite all the odds, Cargolux has successfully developed the business case of air cargo from a non-central European hub. This has meant a lot of management effort and capital expended over many years to convince the market that although it does not land in Frankfurt or Amsterdam, you can trust the efficiency of the airline to deliver as promised.“But this comes at a tremendous additional cost; trucking to and from Luxembourg is not cheap, and it adds time, and that also is factored into what the client is willing to pay. Why would you want to commit the airline to the same disadvantages in Asia?”He added: “Freight forwarders and shipper preferences dictate where cargo flows are handled, not airports and not airlines. And forwarders will not accept a further delay in China, as Cargolux will be forced to truck from those markets as well.”Several senior freight forwarders have admitted to concerns over the possible sale to HNCA, while Luxembourg’s unions are against it, and have already moved to delay negotiations. Management, meanwhile, is said to be split.But Mr Song, who himself could find a leading place on the management team of Cargolux, said the union fears were unfounded.“The unions are worried abut jobs shifting. Henan is a populous province with 100m people. Why would its government spend $200m-plus just to try to get a few hundred jobs? And the guys at Cargolux keep those aircraft flying 15 hours-plus per day – they’ve got great value. And this could open up other opportunities.“It’s a good company, which is looking for a shareholder. It is reputable, has a proven track record and is one of the best operators you can find.”Other bidders appear to think so too and Mr Song acknowledged there were other bids “on the table”. “I don’t think anyone is going to give up a good investment opportunity.”HNCA’s bid, however, seems to be in the lead. One senior source told The Loadstar: “Poor Cargolux – killed by greed and a government that knows nothing about air cargo, or it would stop this.” By Alex Lennane 27/11/2013 JOHN FLECKlast_img read more

Read More »