These sleeping pods will offer emergency shelter to people experiencing homelessness from extreme weather conditions
These sleeping pods will offer emergency shelter to people experiencing homelessness from extreme weather conditions
Ronny Jackson, congressman and former doctor to US presidents, has disputed alleged misdeeds.
Amy gets unsettling news about the birth of her baby.
Company Announcement no. 03/2021 The consolidated annual report for the period 1 January to 31 December 2020 was approved by the Board of Directors today. CEO Michael Aaen comments: “2020 was another great year for Wirtek. We delivered revenue growth of 19% and EBITDA growth of 80%, despite the ongoing COVID-19 pandemic. These strong results confirm our ability to provide consistent, profitable growth. A combination of economics of scale and operational efficiency has allowed us to increase the percentage of billable colleagues from 82% in 2019 to 86% in 2020. Our cash position also improved significantly during 2020, with a 65% growth in cash holdings. In line with our dividend policy, the Board of Directors will propose the pay-out of dividends for 2020 of DKK 0.20 per share. We expect continued double-digit organic growth during 2021 and, in line with our new Accelerate25 growth strategy, we expect to complete the acquisition of a profitable, growth-oriented software company during Q2 2021.”Financial highlights 2020 TDKK20202019ChangeRevenue27,62623,216 19%EBITDA 3,223 1,793 80%EBITDA-margin 11.7%7.7%52%Pre-tax profits 3,041 1,345 126%Cash holdings 3,8922,35865% Strong performance in 2020 Revenue increased to TDKK 27,626, a growth of 19% compared to 2019. Danish clients account for 71% of total revenue while international clients account for 29%. EBITDA increased to TDKK 3,223, a growth of 80% compared to 2019. Increased operational efficiency in our Romanian subsidiary explains the record high EBITDA-margin of 11,7% in 2020. Pre-tax profits in 2020 was TDKK 3,041, an increase of 126% compared to 2019.Cash holdings increased to TDKK 3,892during 2020, up by 65% compared to 2019. Outlook for 2021 In 2021, Wirtek again expects to deliver double-digit revenue growth in line with our new Accelerate25 strategy, announced in January this year. Organic revenue for 2021 is expected in the range of DKK 31.6m – DKK 33.2m, a growth of 14% – 20% compared to 2020. EBITDA for 2021 is expected in the range of DKK 3.5m – DKK 3.8m, a growth of 9% - 19% compared to 2020. DKKm20212020GrowthOrganic revenue31.6 – 33.227.6 14% - 20%EBITDA3.5 – 3.83.39% - 19% As announced on 18 February 2021 (see company announcement no. 02/2021), Wirtek has signed a Letter of Intent to acquire a profitable, growth-oriented software company providing outsourcing services that complement and further build-out Wirtek’s service offerings. The final closing of the acquisition is planned for beginning of April 2021 and is conditioned by a satisfactory due-diligence result. After closing, Wirtek will immediately announce new and adjusted expectations for 2021.Long-term financial goals Wirtek is aiming for DKK 100m in revenue and DKK 10m in pre-tax profits by 2025, an average annual revenue growth of 30%. While still expecting organic double-digit revenue growth each year, Wirtek will also pursue strategic acquisitions as part of the accelerated growth strategy. Investor presentation, 9 March at 16:00 am CET On Tuesday, 9 March at 16:00 am CET, CEO Michael Aaen will present results for 2020 and the new Accelerate25 growth strategy, followed by a Q&A session (in Danish). Link to the presentation and registration at Nordnet. For full details of our financial performance during 2020 and future expectations, see the enclosed annual report for 2020. Further information Michael Aaen, CEO, Wirtek A/S, Phone: +45 2529 7575, E-mail: firstname.lastname@example.orgNiels Jernes Vej 10, 9220 Aalborg Ø, www.wirtek.comKent Mousten Sørensen, Chairman, Wirtek A/S, Phone: +45 2125 9001Per Vestergaard, Certified Advisor, CDI Global, Phone: +45 2176 4317 About Wirtek Wirtek is a Danish IT outsourcing company. Since 2001, we have been teaming up with companies to help them create great software solutions and electronic equipment products. Several clients have been with us for more than 10 years, so we can confidently say that in outsourcing, the quality of the relationship matters just as much as the quality of the delivered software. Our clients get state-of-the-art technical solutions and a committed team that works with them as if it were their own. Wirtek has offices in Denmark (HQ + sales) and three development and test centres in Romania, and we are 100+ colleagues. Wirtek was listed at Nasdaq First North Growth Market Denmark in 2006. Ticker Code: WIRTEK (DK0060040913) Attachment Wirtek_Annual_Report_2020_(04.03.2021)
Thailand’s Prime Minister Prayuth Chan-ocha says he has assigned the Royal Thai Army to investigate after Facebook Inc. removed 185 accounts and groups allegedly engaged in an information-influencing operation in Thailand run by the military. About 703,000 accounts followed one or more of these pages, about 100,000 accounts joined at least one of these groups and around 2,500 people followed one or more of the Instagram accounts.
(Bloomberg) -- Chancellor Angela Merkel set out a plan to gradually unwind restrictions on Europe’s largest economy, bowing to pressure from the pandemic-weary public.After hairdressers resumed operations this week, the next step will start on Monday when book stores, flower shops and gardening centers can reopen, Merkel said late Wednesday after more than nine hours of tense talks with regional officials.Further easing steps can follow every two weeks depending on local contagion rates, while an “emergency brake” was set up to react to hot spots. Remaining restrictions -- including the closing of hotels, restaurants and other non-essential retail outlets -- were extended until March 28, with the next round of talks set for March 22.“It is now the task of politics to take the next steps,” Merkel said. “These need to be easing steps, but at the same time they shouldn’t throw us back” and lead to a “dramatic third wave.”Amid resistance from some state premiers, the chancellor backed off her hard line, effectively acknowledging that the targets she set for the contagion rate wouldn’t be reached anytime soon. She opened the door to the move last week, saying increased testing could provide a “buffer” to allow easing sooner.German Finance Minister Olaf Scholz said rapid tests, as well as self-testing kits coming onto the market, should create additional room for lifting curbs going forward.“I expect that after a short transition period enough tests will be available everywhere,” Scholz said Thursday in an interview with ARD television.Germany’s latest strategy contrasts with neighboring France, where Prime Minister Jean Castex is expected to announce tighter restrictions later on Thursday, albeit limited ones. The government hopes its vaccination campaign will help avoid more stringent measures.Germany will also look to accelerate its immunization program, using the maximum time allotted between first and second doses to get more people some level of protection from the disease.“We want to be as flexible as possible, as we know we’re in a race against time,” Merkel said. “We can give the first inoculations to more people at a faster pace.” Doctor’s offices will also be integrated into the campaign by early April, she said.Germany’s sluggish ramp-up of inoculations has added to pressure on the government. The country has administered 8 doses per 100 people, compared with more than 32 for the U.K. and 24 for the U.S., according to Bloomberg’s Coronavirus Vaccine Tracker.However, a majority of 52% still think the government’s overall handling of the crisis has been positive, according to a Forschungsgruppe Wahlen poll of 1,202 voters for ZDF television published Friday.They were more critical of the European Union, which oversaw the sourcing of vaccines, with 57% saying they had a negative opinion of the bloc’s virus management.In February, Merkel pushed to lower the target rate to 35 new infections per 100,000 people over a seven-day period amid concerns about more aggressive coronavirus strains. The hurdle has been reset at the earlier level of 50 with more leeway built in.The latest figure edged up to 64.7 on Thursday, roughly the level it’s been stuck at for around three weeks, according to data from the RKI public health institute.As more people come into contact with one another, Germany will widen testing significantly. Companies will have to offer employees who aren’t working from home at least one quick test a week, while all citizens will be allowed to receive a free weekly test.(Updates with French restrictions, ZDF poll starting in eighth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Ecris is a company within the Bilia family and a part of Bilia Reuse, which develops methods for vehicle recycling. The company is a world leading player in its niche when it comes to the remanufacture of products for the automotive industry and received the award This year’s innovation for its method to recycle lithium-ion batteries with its energy storage E-CUBE. The next few years the electric car market is expected to grow rapidly, which means that the number of discarded lithium-ion batteries will increase. If the batteries are reconditioned and reused they often have more than half of their lifespan left, which provides a great environmental benefit against replacing them with newly manufactured batteries. Magnus Ramfelt, MD Ecris AB, comments:”The energy storage E-CUBE can control and use most car manufacturer’s batteries at a competitive price. It feels great that the work of me and my colleagues Ove Sers and Fredrik Stigebrandt started four years ago is now bearing fruit. It feels good to be able to do our share in terms of sustainability”. The award This year’s innovation rewards creative ideas that turn new opportunities into practice. The prize was awarded by Jönköping Science Park and Almi, to a company that has shown good growth potential with new technology, high ambition and drive. Gothenburg, March 4, 2021 Bilia AB (publ) For information please contact: Magnus Ramfelt, MD Ecris AB, +46 (0)10 497 59 71, email@example.com Kristina Franzén, CFO, +46 (0)10 497 73 40, firstname.lastname@example.orgAnders Rydheimer, Director Communication & Business Development, +46 (0)10 497 07 99, email@example.com Facts about Ecris Ecris began as a research project with Volvo Car Corporation, Stena Metall and Jönköpings Bildemontering as the main stakeholders. The aim was to concretise and develop the content of what was at the time new legislation governing vehicle recycling. Today Ecris is one of the world’s leading players in this niche when it comes to the remanufacture of products for the automotive industry. Facts about the Bilia Group Bilia is one of Europe’s largest car dealers with a leading position within service and sales of cars and transport vehicles. Bilia has about 140 facilities in Sweden, Norway, Germany, Luxembourg and Belgium. Bilia sells cars of the brand Volvo, BMW, Toyota, Renault, Lexus, MINI, Dacia, Alpine and transport vehicles of the brand Renault, Toyota and Dacia. Bilia offers new and used cars, e-commerce, spare parts and store sales, service and repair workshops, tyres and car glass and financing, insurance, car washes, fuel stations and car dismantling under the same roof, which gives a unique customer offer. Bilia reported a turnover of about SEK 30 bn in 2020 and had about 4,700 employees. Attachment Bilia company Ecris receives the award This year's innovation for its method to recycle lithium-ion batteries
A new five-year plan may signal a switch from fossil fuels, but economic worries could limit change.
Regulators in the U.K. and four other countries plan to fast-track the development of modified COVID-19 vaccines to ensure that drugmakers are able to move swiftly in targeting emerging variants of the disease. Previously authorized vaccines that are modified to target new variants “will not need a brand new approval or ‘lengthy’ clinical studies,” Britain’s Medicines and Healthcare Products Regulatory Agency said in a statement. Under the new rules, developers will be required to provide “robust evidence” that modified COVID-19 vaccines produce a strong immune response to the variant, as well as data showing they are safe and meet quality standards.
In a two-point loss to the Blazers, Andrew Wiggins submitted a disappointing performance for the Warriors.
While the bar for Fed action to contain rising borrowing costs is seen as high, talk is growing that the Fed may have to consider "Operation Twist" -- a policy used in the past to shift bond purchases to the long-end of the yield curve and keep borrowing costs down. Ahead of Powell's speech, 10-year Treasury yields are holding below last week's one-year high but Wednesday's move back up is hurting shares nonetheless.
(Bloomberg) -- China kicks off its biggest political meeting of the year Friday, laying out plans that could propel the economy into the world’s biggest this decade.The annual gathering of the National People’s Congress carries an added significance this year with the Communist Party’s unveiling of its new five-year plan -- a blueprint to boost the domestic market and reduce technological dependence on the outside world. Approval of the policies are predetermined, but the NPC meeting is an important mechanism through which the ruling party communicates its plans to the world.China powered its way out of the pandemic last year after the virus was quickly brought under control, becoming the only major economy to expand in 2020. Now, with risks of asset bubbles growing, policy makers must engineer an exit from the monetary and fiscal stimulus that fueled that recovery -- and do so without destabilizing growth and spooking investors already wary of corporate defaults.A Guide to China’s Biggest Political Meeting of 2021: QuickTakeHere are some of the key issues to watch when Premier Li Keqiang outlines the ruling party’s plans Friday:Growth TargetThe government didn’t set a target for gross domestic product growth last year, and with the coronavirus pandemic still looming, it could refrain from doing so again. The Communist Party has emphasized the need for quality growth and dropping a numeric target for a second year would signal it considers that more important than the pace of expansion, said Haibin Zhu, chief China economist at JPMorgan Chase & Co.But it’s still an open debate. A researcher at an influential government think tank said last week a target was necessary to ensure quality growth. And three-quarters of provincial governments have already set annual GDP growth targets of 6%-8% for this year -- conservative in comparison with economists’ median estimates of an 8.4% expansion.Aside from this year’s growth, the new five-year plan will also lay out an average growth goal for 2021-2025, which Zhu estimates would be about 5.5% a year, compared with a target of more than 6.5% in the previous plan. “That is achievable because there is high growth in 2021 to start with,” partly due to base effects from last year’s pandemic-induced slump, he said.In the absence of a GDP target, local officials guide policy with reference to an urban job creation target, which is likely to be 11 million this year, according to forecasts from Goldman Sachs Group Inc.Stimulus WithdrawalThe government runs a budget deficit each year as part of what it calls “proactive” fiscal policy, disclosing an annual target for the gap between spending and revenue. This year, the target will return to pre-pandemic levels of 3% of GDP from more than 3.6% in 2020, according to Peiqian Liu, chief China economist at NatWest Markets in Singapore.“We expect the stimulus withdrawal to be mild and focus on reducing excessive debt growth,” she said.Read More: China Seen Cutting Local Government Bond Quota to Curb DebtMorgan Stanley economists estimate that the “augmented” deficit, which includes wider forms of off-balance-sheet borrowing by local governments, will fall to 12% of GDP in 2021 from 15% in 2020. That is still high relative to pre-pandemic levels closer to 10%. The quota for local government bond issuance, an important driver of infrastructure investment, will fall to 3 trillion yuan ($465 billion) this year from 3.75 trillion yuan, the economists wrote in a note.What Bloomberg Economics Says...The direction set for economic policy is likely to be toward normalization -- but gradually. Pockets of weaknesses and downside risks -- evident in the soft patch at the start of the year -- mean that fiscal and monetary support will likely be tapered, but not withdrawn.-- Chang Shu, chief Asia economistFor the full report, click here.Five-Year Plan and Tech FocusAlongside its work report for this year, the government will also release economic goals for 2021-2025. The five-year plan is a hangover from the planned-economy era, when specific targets for output of steel and other products were set. Since then the document has become mainly a list of general aspirations, but it sets the tone of policy and includes some numerical targets.At the center of the new plan will be Beijing’s push to develop new technologies and cut the nation’s reliance on geopolitical rivals such as the U.S. for components like microchips.Read More: Xi Mobilizes China for Tech Revolution to Cut Dependence on WestThat should mean allocating more resources to science and technology, with spending on research and development targeted at around 3.5% of GDP over the period, according to Cao Cong, an expert on Chinese science policy at the University of Nottingham in Ningbo.Economic self-reliance is likely to be a key theme of the five-year plan. China is turning to what it calls a “dual circulation” development model, in which the domestic economy serves as the main growth driver, supplemented by foreign investment in technology production.Births and RetirementThe five-year plan will also attempt to soften the impact of a rapidly declining birth rate and aging population on economic growth, with a possible further relaxation of limits on family size and a raising of the retirement age. The plan is also likely to include a target for moving rural residents into cities, and measures on equalizing social services between regions, in order to reduce inequality and promote consumer spending.“The government needs to come up with ways to lift fragile household confidence and get more money into the pockets of consumers,” said Shaun Roache, chief Asia-Pacific economist at S&P Global Ratings.Energy GoalsInvestors are watching out for more specifics on how the government will reach its goal of peaking greenhouse gas emissions by 2030 and achieving carbon-neutrality by 2060. It’s been widely flagged that renewables will take an ever larger slice of power generation at the expense of the dirtiest fossil fuel, coal. But policy changes are likely to reach far beyond just energy markets, from reining in output of highly polluting metals like steel to the rejuvenation of vast agricultural hinterlands.Running parallel to -- and perhaps occasionally competing with -- the massive effort to cleanse the atmosphere will be policies that speak to historical anxieties around ensuring the supply of food, energy and minerals. Given the country’s stature as the world’s biggest buyer of everything from crude to iron ore and corn, investors will be on the look-out in particular for any hints that strategic stockpiles will be expanded, or import dependencies curtailed.Financial ReformsThe five-year plan will likely include aims to further open up the financial system to foreign investors, and reduce the limits on Chinese investors moving cash overseas. Capital market reforms over the next several years may also help to direct financing to businesses: officials are considering making relaxed listing rules more widespread and also studying the feasibility of a same-day trading mechanism on Shanghai’s Star Market.At the same time, authorities are tightening their grip on technology giants like Ant Group Co. and Tencent Holdings Ltd.’s WeChat Pay to curb their growth in financial services. The central bank earlier this year proposed anti-monopoly rules in the online payment market.Hong KongAny announcements on Hong Kong could stoke tensions with the U.S., which sanctioned senior Chinese officials after the NPC imposed a national security law on the city last year. Chinese officials have been urging electoral changes to ensure “patriots” run the former British colony, further restricting its already-limited democracy. China will also release a target for defense spending as part of its budget. Military expenditures rose by 6.6% last year, the slowest pace since 1991.(Updates with additional detail on five-year plan.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
Alfa Laval - a world leader in heat transfer, centrifugal separation and fluid handling - has won an order to supply Alfa Laval OLMI air coolers to a refinery in Egypt. The order has a value of approximately SEK 95 million and was booked in the business unit Welded Heat Exchangers of the Energy Division. Deliveries are scheduled for 2021 and 2022.
See how extreme weather has affected an vital reservoir in California.
Star is heading to LA in April to start filming
Podcast appearance comes days after Rudy Giuliani’s YouTube channel was again suspended for repeating unsubstantiated claims of election fraud
Today, Asetek hosts its 2021 Capital Markets Update where the management will provide an update on strategy, markets, operations, financial development and outlook, including the recent investments in IP, software and hardware as part of developing the Asetek SimpSorts product offering. The company will also present its 2025 financial ambition supported by its strategy for long-term growth and market expansion.
Float will see tech giant use controversial dual-listed share structure
Hong Kong has been excluded from the Heritage Foundation's Index of Economic Freedom because its economic policies are controlled from Beijing, the Washington-based think tank said, removing Hong Kong from a list it topped for 25 years up to 2019. The title of the world's freest economy for 2021 was retained by Singapore for the second year, the Heritage Foundation said, with Hong Kong's investment freedom hurt by political and social unrest dating back to 2019.
World Health Organisation warns report is a ‘wake-up’ call to governments
Dollar Tree’s fiscal 4Q earnings topped the Street consensus driven by a rise in same-store sales and gross margin expansion. Shares of the retail company declined 1.3% in Wednesday’s extended trading session after closing almost 3% higher on the day. Dollar Tree’s (DLTR) 4Q adjusted earnings increased 19% year-over-year to $2.13 per share and beat Street estimates of $2.11 per share. Net sales advanced 7.2% to $6.77 billion missing analysts’ expectations of $6.79 billion. The company’s enterprise same-store sales grew 5% in the quarter, while same-store sales for family dollar surged 8.1%. Dollar Tree same-store sales rose 2.4%. The gross margin expanded by 80 basis points. Dollar Tree CEO Michael Witynski said, “As we look ahead, we believe our proven strategic store formats, accelerated store growth plan, 1,250 planned store renovations for the year, several key sales – and traffic-driving initiatives, and a robust balance sheet will enable us to deliver long-term value for each of our stakeholders – customers, associates, suppliers, and shareholders.” (See Dollar Tree stock analysis on TipRanks) Additionally, the company bumped up its share repurchase authorization plan by $2 billion. Dollar Tree now has a total $2.4 billion share repurchase authorization, including the remaining $400 million of its prior authorization. Following the 4Q results, Oppenheimer analyst Rupesh Parikh reiterated a Hold rating on the stock. The analyst “remains concerned on the company’s ability to deliver sustained levels of comp and profit growth.” Parikh believes “investors are best to remain on the sidelines for now.” The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 3 analysts suggesting a Buy, 1 analyst recommending a Hold and 1 analyst suggests a Sell. The average analyst price target of $122 implies almost 20% upside potential to current levels. Shares have jumped 29% over the past year. Related News: Nektar Posts Better-Than-Feared Quarterly Loss, Misses On Revenues Domino’s 4Q Results Miss Analysts’ Expectations; Shares Tank 7% Sage Posts Surprise Quarterly Profit As Sales Surge; Shares Pop 6% More recent articles from Smarter Analyst: Marvell Drops 6% After 1Q Outlook; Street Says Buy Agilent Snaps Up Resolution Bioscience For $550M All News Ross Stores Disappoints With Weak 1Q EPS Outlook; Stock Drops Sands Inks Deals To Sell Las Vegas Properties For $6.25B