Amy Coney Barrett's first votes on the Supreme Court could include two big topics affecting the man who appointed her.
Amy Coney Barrett's first votes on the Supreme Court could include two big topics affecting the man who appointed her.
Former Japanese Prime Minister Shinzo Abe acknowledged Tuesday his office is being investigated for questionable expenses linked to a dinner party his office hosted for his supporters ahead of an annual cherry blossom viewing party — a scandal that has been on the backburner for months. Abe made the comment in response to reports Monday that the Tokyo District Public Prosecutors' Office has been interviewing his aides over the scandal. None of his aides or supporters have been arrested so far.
The Consumer Financial Protection Bureau has been controversial since its inception. Initially proposed by Senator Elizabeth Warren, then a Harvard Law School professor, in 2007, the agency became a target of many congressional Republicans after its founding in the wake of the financial crisis. During the Obama administration, the CFPB engaged in aggressive oversight of student-loan servicers, lenders and other companies in the sector — suing major firms and highlighting alarming trends through reports based on borrower complaints and other sources.
The "Key Trends in Car Rental" report has been added to ResearchAndMarkets.com's offering.
The "Oil Refining Industry in Libya 2020" report has been added to ResearchAndMarkets.com's offering.
Britain’s wealthiest, Jim Ratcliffe ranks 47th in the world
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Clashes between Kurdish fighters and Turkey-backed opposition gunmen in northern Syria left at least 11 fighters dead in some of the most intense fighting in weeks between the two sides, an opposition war monitor and a Kurdish spokesman said Tuesday. Exchange of fire and shelling between the Kurdish-led Syrian Democratic Forces and Turkey-backed opposition gunmen who identify as the Syrian National Army have not been uncommon since Turkish troops invaded parts of northern Syria in October of last year. The Monday night clashes near the town of Ein Issa were triggered by an attack by Turkey-backed gunmen on SDF positions, according to the Britain-based Syrian Observatory for Human Rights, an opposition war monitor.
(Bloomberg) -- A string of defaults by Chinese state-owned companies has sent shockwaves across the world’s second-largest credit market.But some bonds have fared much worse than others as investors clamber to avoid the next potential blowup. Among the most notable losers: notes issued by Pingdingshan Tianan Coal Mining Co., Jizhong Energy Group Co., Tianjin TEDA Investment Holding Co. and Yunnan Health & Culture Tourism Holding Group.While none of the companies have missed debt payments, and all four are rated AAA by Chinese domestic ratings firms, their bonds have tumbled by at least 14% since Nov. 10. That’s when a surprise default by a state-owned Chinese coal producer cast fresh doubt on the implicit guarantees that have long underpinned government-backed borrowers.“Most of the onshore bonds hit hardest this time share a common symptom: their profitability has lagged far behind their debt growth,” said Li Yunfei, credit analyst at Pacific Securities Co. “Repricing of some onshore bonds, though it occurred abruptly and quickly, is a rational outcome of the recent defaults.”Pingdingshan Tianan Coal said in a written reply to Bloomberg News that the company was aware of declines in some of its bonds, but declined to comment further. An official in charge of information disclosure from Yunnan Health & Culture Tourism didn’t answer calls or respond to an an email seeking comment.An official in charge of Tianjin Teda Investment’s bond issuance department declined to comment when reached by phone. Multiple calls made to Jizhong Energy’s general line were not answered.Here’s why some investors are worried:Pingdingshan Tianan CoalTwo days after Yongcheng Coal & Electricity Holding Group Co.’s default on Nov. 10, Pingdingshan Tianan Coal held a meeting to assuage investor concerns following a bond slump. It later wired funds to meet early redemptions on a 500 million yuan ($76 million) bond.But investors remain cautious about its liquidity. The company’s so-called “quick ratio,” which measures its abilities to use liquid assets to meet short-term debt obligations, fell to 0.6 at the end of September from 0.69 a year ago, according to Bloomberg data. A quick ratio of 1 or above is typically considered healthy.Jizhong EnergyThe top state-run coal producer in Hebei province suffered its eighth consecutive year of net losses last year. Its total debt, the majority of which carries short-term maturities, surged by 102% to 165.7 billion yuan between 2012 and 2019, according to Bloomberg data. Its quick ratio dropped to 0.48 at the end of June from 0.57 a year ago.The company has 31.7 billion yuan of bond repayments due by the end of 2021, Bloomberg data show.Tianjin TEDA InvestmentThe local-government financing vehicle from the northern port city also faces funding pressure. Its quick ratio was 0.49 at the end of June, compared with 0.46 at the end of 2019, Bloomberg data show. It faces 17.6 billion yuan of bond repayments by the end of 2021. In September, Caixin magazine reported that the Tianjin municipal government held a meeting with various local financial institutions to discuss how to support the indebted firm.Yunnan Health & Culture TourismThe LGFV from the southern Yunnan province that is being transformed to focus on cultural tourism and health services from infrastructure building is awaiting further injection of state capital after having received 16 billion yuan as of the end of October.Fitch Ratings downgraded it to BBB- from BBB amid signs of uncertainties over the firm’s future ownership in late March, before withdrawing its ratings shortly after, citing “insufficient information”.China Lianhe Credit Rating Co. maintained its AAA rating on the firm in October. The LGFV’s quick ratio dropped to 0.24 at the end of September, the lowest since 2016, Bloomberg data show.(Updates with tout in lower section.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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Dublin, Nov. 24, 2020 (GLOBE NEWSWIRE) -- The "UV Stabilizers Market by Type (HALS, UV Absorbers, Quenchers), Application (Automotive, Packaging, Agriculture, Building & Construction, Adhesives & Sealants, Others), and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering. The global UV stabilizers market is estimated to be USD 1.2 billion in 2020 and is projected to reach USD 1.6 billion by 2025, at a CAGR of 5.5% from 2020 to 2025. The market is witnessing moderate growth, owing to increasing demand from packaging and automotive industry, infrastructural development, and growing demand for these UV stabilizers in the Asia Pacific. The growing demand in the Asia-Pacific, coupled with the growing demand for packaging material and automotive components & coatings is expected to drive the global UV stabilizers market during the forecast period. Strict environmental and government regulations is the restraints for the UV stabilizers market.Packaging segment is expected to lead the UV stabilizers market during the forecast period.The packaging segment will continue to lead the UV stabilizers market, in 2025. This was due to the growth of UV stabilizers in this application segment are the increasing disposable income, changing consumer lifestyles, increased use of high-performance thermoplastics, polyurethanes, polymers, and growing pharmaceutical and food & beverage industries in countries such as China, India, Japan, the U.S., and Germany, among others.Asia Pacific is the largest market for UV stabilizers.Asia Pacific accounted for the largest share of the UV stabilizers market in 2020. This is mainly attributed to the presence of large number of UV stabilizers manufacturers, increasing government support, rising foreign investments, and growing demand of HALS and UV Absorbers from plastics, polymers, and wood composite industries. China dominates the market due to growth of UV stabilizers in applications such as packaging, automotive coatings, and construction among others and numerous developmental strategies adopted by the manufacturers.The UV stabilizers market comprises major solution providers, such as BASF SE (Germany), Clariant AG (Switzerland), Solvay (U.S.), Evonik Industries AG (Germany), and Songwon Industrial Co., Ltd. (South Korea) among others. The study includes an in-depth competitive analysis of these key players in the UV stabilizers market, with their company profiles, and key market strategies. Key Topics Covered:1 Introduction2 Research Methodology3 Executive Summary4 Premium Insights 4.1 Attractive Opportunities in UV Stabilizers Market 4.2 UV Stabilizers Market, by Application 4.3 UV Stabilizers Market, by Type 4.4 UV Stabilizers Market, by Application and Region, 20195 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 18.104.22.168 Growing Demand from Packaging Industry 22.214.171.124 Growing Demand in APAC and North America 126.96.36.199 Increasing Demand from Infrastructure & Construction Industry 5.2.2 Restraints 188.8.131.52 Fluctuations in Raw Material Prices 184.108.40.206 High Production Costs 5.2.3 Opportunities 220.127.116.11 Increasing Use of Nanocomposites in UV Stabilizers 18.104.22.168 Rising Developmental and Cross-Industry Collaboration Activities 5.2.4 Challenges 22.214.171.124 Stringent Government Regulations 5.3 Porter's Five Forces Analysis 5.4 Value Chain Analysis 5.4.1 Impact of COVID-19 on Supply Chain 5.5 Policy & Regulations 5.5.1 Environmental Protection Agency 5.5.2 Reach 5.6 Macroeconomic Indicators 5.6.1 Trends and Forecast of Gdp 5.6.2 Production Statistics of Automotive Industry, 2019 5.6.3 Trends and Forecast of Construction Industry6 UV Stabilizers Market, by Type 6.1 Introduction 6.2 Hals 6.2.1 Increased Demand from Food Packaging to Drive the Market 6.3 UV Absorbers 6.3.1 Demand from Various End-Use Industries to Propel the Market 6.4 Quenchers 6.4.1 Unique Light Quenching Properties to Fuel the Market7 UV Stabilizers Market, by Application 7.1 Introduction 7.2 Packaging 7.2.1 Growing Demand in Food and Non-Food Industries to Drive The Market in this Segment 7.3 Automotive 7.3.1 Growing Automotive Industry in APAC and Europe to Boost the Market 7.4 Agricultural Films 7.4.1 Increase in Demand for Greenhouse Films & Tapes to Drive the Demand 7.5 Building & Construction 7.5.1 Excellent Resistance to Temperature & Climatic Conditions to Drive the Demand for UV Stabilizers in this Application 7.6 Adhesives & Sealants 7.6.1 Growing Demand from Automotive Industry to Boost the Market 7.7 Others8 UV Stabilizers Market, by Region9 Competitive Landscape 9.1 Overview 9.2 Market Share Analysis 9.3 Competitive Scenario 9.3.1 New Product Launch 9.3.2 Expansion 9.3.3 Agreement & Joint Venture 9.3.4 Partnership & Collaboration 9.3.5 Merger & Acquisition 10 Company Profiles 10.1 Basf Se 10.2 Evonik Industries Ag 10.3 Songwon Industrial Co. Ltd. 10.4 Clariant Ag 10.5 Solvay 10.6 Everlight Chemical Industrial Corp. 10.7 Addivant 10.8 Valtris Specialty Chemicals Inc. 10.9 Lycus Ltd. 10.10 Mayzo Inc. 10.11 Other Company Profiles 10.11.1 Altana Ag 10.11.2 Adeka Corporation 10.11.3 Ampacet Corporation 10.11.4 Mpi Chemie Bv 10.11.5 Knv Chemicals Inc. 10.11.6 Rianlon Corporation 10.11.7 Nouryon 10.11.8 The Cary Company 10.11.9 Greenchemicals SpaFor more information about this report visit https://www.researchandmarkets.com/r/pzbx2rResearch and Markets also offers Custom Research services providing focused, comprehensive and tailored research. CONTACT: CONTACT: ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.org For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Bicycle manufacturing has long been Taiwan's standout industry and has earned Taiwan the reputation as "The Bicycle Kingdom." Nearly 70% of the global mid-to-high-end bicycle demand is fulfilled by Taiwan each year. Every year, Taiwan exports more than two million traditional bicycles globally. Road bike exports have comprised a stable 20-30% in the past few years, while mountain bikes now take up 60% of the exports to the US as mainstream demand is on the rise.
Blue-chip index to increase to 40 members next year.
Compass, the world's largest catering company, has posted a nearly 70% drop in operating profits for the full year to September 30. The company completed a £2 billion cash raise in June to help it see out the pandemic using London Stock Exchange Group-backed fintech platform Primary Bid, in a major opportunity for small investors. Chief executive Dominic Blakemore said that he is confident the company can restore operating margins to above 7% “and get back to industry-leading performance, and that is before we fully restore the volumes we enjoyed pre-Covid”.
British director Tristram Shapeero has revealed himself to be the director at the centre of a buttock-clenchingly awkward unmute incident which has gone viral.
China criticized Pope Francis on Tuesday over a passage in his new book in which he mentions suffering by China’s Uighur Muslim minority group. Foreign ministry spokesperson Zhao Lijian said Francis’ remarks had “no factual basis at all.” “People of all ethnic groups enjoy the full rights of survival, development, and freedom of religious belief," Zhao said at a daily briefing.
(Bloomberg) -- German businesses are losing confidence in the outlook after a resurgence in coronavirus cases forced authorities to reintroduce restrictions, putting a halt to the recovery.An expectations gauge by the Ifo institute fell to 91.5 in November from 94.7 the previous month, a steeper drop than economists forecast. The outlook is particularly bad in services, where temporary business closures and rules affecting social activities erode profits and threaten bankruptcies.More than 70% of companies in the hospitality sector are worried about failing, with almost 20% wondering if they’ll even get through this month. Ifo said a sub-index for hotels and hospitality “absolutely nosedived.”Germany’s outlook could worsen yet again on Wednesday when Chancellor Angela Merkel and the country’s regional leaders will decide on whether to tighten and extend virus curbs through much of the upcoming holiday season. “Businesses are more or less resigned to the fact that this uncertainty -- these measures coming in and being lifted again -- is going to stay for some time,” Ifo President Clemens Fuest told Bloomberg TV. The economy’s rebound from lockdowns in the first half of the year only offered a short reprieve. Private consumption jumped 10.8% in the third quarter with investment up 3.6%, according to a separate report Tuesday. The economy grew 8.5% after a near 10% slump in the three months through June.In light of new restrictions, economists expect the economy to stagnate this quarter, while the Bundesbank sees a risk of a contraction. The domestic restrictions are more focused than during the first wave, but exports are suffering from a resurgence of the virus across Europe, it said.(Updates with comment from Ifo’s Fuest in fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
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The global unified endpoint management market size is expected to reach USD 23.98 billion by 2027, registering a compound annual growth rate (CAGR) of 32.2% from 2020 to 2027, according to the new study conducted by Grand View Research, Inc. The rise in disruptive trends such as Bring-Your-Own-Devices (BYOD), Internet of Things (IoT), and Choose Your Own Device (CYOD) is one of the key attributing factors driving the market growth. The subsequent adoption of such trends among organizations increases IT devices and the burden on IT admins to manage these devices using different platforms or solutions. As a result, the need for a unified solution becomes evident among the organization, which could centrally manage all endpoints.
(Bloomberg) -- The U.K. is considering a ban on the installation of Huawei Technologies Co. 5G equipment as soon as next year to appease hawks pushing for tighter restrictions on the Chinese network equipment maker, according to people familiar with the matter. Legislators from Prime Minister Boris Johnson’s Conservative Party are demanding the stricter rules as part of the price for backing telecommunications security legislation due in parliament next week.The draft law will give parliament a chance to force carriers to replace 5G equipment well before a blanket ban is enforced in 2027.The U.K. already set limits on telecom companies buying from Huawei that are set to kick in after December. However, there are no rules yet barring companies from using Huawei gear they already bought but haven’t yet installed. Carriers have been stockpiling parts made by Huawei while sourcing alternatives. Stopping them using those stockpiled parts could increase costs at companies such as BT Group Plc and Vodafone Group Plc, which would be forced to speed up the overhaul of their networks, according to people familiar with phone companies’ plans.Under the new proposal, that ban could come into force as soon as September next year, the people said, asking for anonymity as the talks are confidential. A representative for the government’s Department for Digital, Culture, Media and Sport had no immediate comment. “We will be working through the details of any planned rules restricting procurement or deployment of Huawei equipment,” said a BT spokesman. “We would encourage the Government to continue to take balanced and evidence-based decisions.”In January, the U.K. granted Huawei a limited role in 5G networks, leading to a parliamentary rebellion. Prime Minister Boris Johnson reversed his position in July, after U.S. sanctions introduced in May affected Huawei’s supply chain. British officials said the change meant they were no longer able to guarantee the security of the Shenzhen company’s products.The latest proposals may not go far enough for some lawmakers, who are calling for the government to consider forcing carriers to remove Huawei equipment from their 5G networks earlier than the current 2027 plan.The current draft of the telecommunications bill grants the government broad powers to enforce a moratorium against Huawei, but leaves important details to be nailed down later on and doesn’t mention Huawei by name, angering potential Conservative rebels who want more specific commitments.Lawmakers are set to debate the bill next week. The draft legislation proposes fines of as much as 10% of sales or 100,000 pounds a day ($133,000) for violations, which will apply to carriers including BT, Vodafone and CK Hutchison Holdings Ltd.’s Three UK.The U.S. has campaigned for its allies to exclude Huawei on the grounds its proximity to China’s government constitutes an unacceptable security risk, which the company has denied.Without Huawei, U.K. mobile networks will lean heavily on its Nordic rivals Nokia Oyj and Ericsson AB. The government is due to publish more details about diversifying the U.K. 5G supply chain in the next few weeks.(Updates with context from fourth paragraph, statement from BT)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
The 27-year-old was pronounced dead on Wednesday evening despite having undergone emergency brain surgery over the weekend