European executive – Europa Site http://europasite.net/ Tue, 19 Oct 2021 07:27:40 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://europasite.net/wp-content/uploads/2021/07/icon-2021-07-05T150327.373-150x150.png European executive – Europa Site http://europasite.net/ 32 32 Eastern European designers parade the haute couture catwalks https://europasite.net/eastern-european-designers-parade-the-haute-couture-catwalks/ https://europasite.net/eastern-european-designers-parade-the-haute-couture-catwalks/#respond Tue, 19 Oct 2021 07:13:00 +0000 https://europasite.net/eastern-european-designers-parade-the-haute-couture-catwalks/ Social media, the key to global recognition Young designers bring their know-how home Small fashion houses target China PRAGUE / GDANSK, October 19 (Reuters) – With celebrities including Rihanna, Justin Bieber and Billie Eilish wearing her designs, Hungarian fashion house Nanushka has stardust that many designers can only dream of. Yet the company is just […]]]>
  • Social media, the key to global recognition
  • Young designers bring their know-how home
  • Small fashion houses target China

PRAGUE / GDANSK, October 19 (Reuters) – With celebrities including Rihanna, Justin Bieber and Billie Eilish wearing her designs, Hungarian fashion house Nanushka has stardust that many designers can only dream of.

Yet the company is just one of many early-stage designers from Central Europe making their way to the top of global fashion, showing off their collections on catwalks in London, Paris and New York as they target lucrative markets such as China and the United States. .

Once a struggling local brand, Budapest-based Nanushka has seen its annual turnover increase 33-fold to 33 million euros ($ 38.32 million) since the arrival of a capital company. investment in 2016.

By focusing on sustainable designs, including its vegan leather garments, Nanushka has become the fastest growing fashion company in Europe, according to the FT 1000 annual list of high growth European companies.

Other ready-to-wear designers who have emerged from Central Europe onto the world stage include Slovakia-based Nehera, worn by Hollywood stars Keira Knightley, Tilda Swinton and Marion Cotillard, and Poland’s Magda Butrym, worn by Megan Fox and Hailey Bieber, among others. .

For these companies, creating a niche in high fashion has been made easier by Facebook Inc (FB.O) Instagram and other online platforms that help young independent designers outside of international fashion centers to be seen by a global audience hungry for something different.

“Without social media, you probably know that 15 to 20 years ago it would have been almost impossible to build a global fashion house from Budapest,” Peter Baldaszti, managing director of Nanushka, married to Reuters. to founder and designer Sandra Sandor.

The brand – which opened a store in New York in 2019 and another in London in 2020 despite the pandemic – counts the United States as its biggest market but says China is the future. Parent company Vanguards Fashion Group, of which Baldaszti is also CEO, also bought Italian fashion brand Sunnei for $ 7 million in 2020 as part of a strategy to build a fashion portfolio across Europe.

Central Europe has a long tradition of craftsmanship in the textile industry dating back to the days of the First Republic between the two world wars, when the region was an epicenter of culture and design.

After the fall of communism in 1989, Western luxury brands and fashion houses settled down to produce bags, scarves and clothing in the region, capitalizing on proximity to Western European markets, lower costs and a skilled workforce.

Today, local luxury brands in these markets are moving in the other direction to tap into a global luxury goods sector that is expected to reach around $ 383 billion in 2025, up from $ 309 billion this year, aided by demand. in China and among Millennials, according to Hamburg. Statista database company.

“We started out by showing in Paris… but Instagram is something that has really opened the door for brands from countries that are not on the fashion map at all,” the founder of the bag maker told Reuters. Polish hand Chylak, Zofia Chylak.

A Chylak handbag, made of Italian leather, costs around 200-250 euros, and the brand’s popularity with some Polish influencers living abroad has helped it become a global name.

DESIRE FOR AUTHENTICITY

Bratislava-based Nehera – named after Czech businessman Jan Nehera who in the 1930s was the first in the world to pioneer ready-to-wear – presented his spring 2022 collection in Paris and plans to return to New York after pulling out during the pandemic.

“We aim to re-enter the US and European markets,” Ladislav Zdut, founder of the brand, which opened a showroom in Milan last month and is in talks with local investors to help fuel expansion plans, told Reuters .

“But we have significantly increased orders in South Korea and China and we have increased during the pandemic. “

A young generation of designers from small countries – many of whom have worked or studied abroad – have also amassed the contacts and knowledge necessary to serve an international luxury market, said Achim Berg, the group’s global leader in clothing and fashion. McKinsey fashion.

“Big luxury brands dominate market trends, but there is a desire for new brands for preservation and authenticity,” he told Reuters.

Scandinavian brands such as Acne Studios, Ganni and Toteme show how businesses in a small region outside of fashion capitals can establish themselves, according to Berg.

In central Europe, rising incomes have also created a stable local customer base able to afford luxury items that help young designers establish themselves before moving abroad, according to designers and companies.

Poland’s Magda Butrym took the local approach first when she started up in 2014 before going global, chief executive Jakub Czarnota told Reuters.

Lady Gaga was seen wearing a short Polka Dot Magda Butrym dress in a recent Instagram post and the brand, also favored by social media influencers, is now present in 40 markets. Asia and the Middle East offer strong growth opportunities in the future, but the company will continue to dig its regional roots to create something different, Czarnota said.

“Consumers around the world are eager to see what’s new and this gives brands an opportunity.

“Eastern European designers can take inspiration from their regional culture and heritage and translate them into distinct products and collections,” he said.

($ 1 = 0.8611 euros)

Reporting by Michael Kahn and Silvia Recchimuzzi, editing by Susan Fenton

Our standards: Thomson Reuters Trust Principles.


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Activists arrested in Athens for protesting Beijing Olympics – POLITICO https://europasite.net/activists-arrested-in-athens-for-protesting-beijing-olympics-politico/ https://europasite.net/activists-arrested-in-athens-for-protesting-beijing-olympics-politico/#respond Sun, 17 Oct 2021 17:57:25 +0000 https://europasite.net/activists-arrested-in-athens-for-protesting-beijing-olympics-politico/ ATHENS – Activists protesting the 2022 Beijing Winter Olympics were arrested in Athens on Sunday as they tried to hang a banner at the Acropolis. The demonstration preceded the ceremonies for lighting the Olympic flame and starting its journey from ancient Olympia to Beijing, where the games are scheduled to start on February 4. Greek […]]]>

ATHENS – Activists protesting the 2022 Beijing Winter Olympics were arrested in Athens on Sunday as they tried to hang a banner at the Acropolis.

The demonstration preceded the ceremonies for lighting the Olympic flame and starting its journey from ancient Olympia to Beijing, where the games are scheduled to start on February 4.

Greek police said a man and two women were arrested “for breaking the law on the protection of archaeological sites”. A senior Greek official said they would appear before the prosecutor on Monday morning.

A New York-based campaign group called Students for a Free Tibet said two of those arrested were Tibetan student Tsela Zoksang, 18, and exiled Hong Kong activist Joey Siu, 22.

“We call on the Greek authorities to resist any pressure from the Chinese government to extradite these militants,” said A declaration from another group, the UK-based Hong Kong Watch.

Greece can expect a careful international review of its handling of the case.

China invested heavily in Greece during the country’s long financial crisis, raising concerns over Beijing’s undue influence in the country.

In 2017, Greece drew criticism when it vetoed a plan to condemn the European Union of China’s human rights record at the Human Rights Council. UN.

The majority stake of the Chinese maritime giant COSCO in the port of Piraeus, the heart of the Greek giant’s maritime industry, is at the center of the concerns. Since COSCO took control in 2016, the port has become a key link in China’s Belt and Road infrastructure network.

Using the port as a transshipment hub for Asian container ships traveling to and from Europe via the Suez Canal, COSCO aims to make Piraeus the largest transit port in the Mediterranean.

In Sunday’s incident, activists entered the historic Acropolis monument in the Greek capital as tourists and climbed onto the scaffolding. A security guard quickly confiscated a banner they were trying to deploy.

However, the two women were able to put up a Tibetan flag and a smaller banner with the inscription “Free Hong Kong Revolution” on it. They chanted slogans calling for a boycott of the Beijing games until police arrived and arrested them.

“Now is the time for the international community and all people of conscience to take a stand and boycott Beijing 2022; nothing less will be a clear endorsement of China’s genocidal regime, ”Zoksang said in the Declaration of the Students for a Free Tibet.

The group demands that the International Olympic Committee reverse its decision to award the games to Beijing, citing human rights violations including China’s treatment of the Uyghur people, the occupation of Tibet and the crackdown on Hong Kong.

“The Chinese government is currently committing an unprecedented genocide, occupation and attack on democracy and human rights, and yet they have received the prestigious Olympics,” said the director of campaigns of the group, Pema Doma. “Despite Beijing’s attempts to undermine global standards, we hope that the Greek government will honor its commitment to freedom and democracy and immediately release non-violent protesters. “

The IOC Executive Board was due to meet on Sunday in ancient Olympia to celebrate the 100th anniversary of its founding.


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Is the EU doing enough to protect journalists? https://europasite.net/is-the-eu-doing-enough-to-protect-journalists/ https://europasite.net/is-the-eu-doing-enough-to-protect-journalists/#respond Sat, 16 Oct 2021 16:32:21 +0000 https://europasite.net/is-the-eu-doing-enough-to-protect-journalists/ When Daphne Caruana Galizia was murdered on October 16, 2017 in a car bomb, people were shocked not only across Europe but around the world. But the Maltese journalist who was renowned for investigating corruption and money laundering was not alone. In the four years since his death, other colleagues including Jan Kuciak from Slovakia, […]]]>

When Daphne Caruana Galizia was murdered on October 16, 2017 in a car bomb, people were shocked not only across Europe but around the world.

But the Maltese journalist who was renowned for investigating corruption and money laundering was not alone. In the four years since his death, other colleagues including Jan Kuciak from Slovakia, Giorgos Karaivaz from Greece and Peter de Vries from the Netherlands were also killed. In Europe, the continent considered a relatively safe haven for media professionals.

Julie Majerczak, head of the Brussels office of Reporters Without Borders (RSF), told DW that while this is still the case, the situation has steadily deteriorated over the past two years. “And the murdered journalists are just the tip of the iceberg,” she said.

According to the European Commission, 900 media workers were assaulted in the European Union in 2020. Some of these attacks were physical, but they also included insults and harassment, especially of women, both offline and online .

Journalists are feeling the pressure more and more

These discoveries come as no surprise to Manuel Delia. The Maltese investigative blogger and activist who led anti-government protests in the wake of Caruana Galizia’s murder recently decided to leave his home country with his family for an undisclosed location.

He was threatened by people accused of complicity in the murder of Caruana Galizia; he has received countless anonymous phone calls and fake websites have been set up in his name to ruin his reputation.

The murder of Caruana Galizia had a “paradoxical effect” on journalism in Malta, he told DW. The fact that most of the suspects have been charged and their crimes exposed is a sign that it is not working well for those who have killed journalists. “It makes us feel more secure,” he said.

But at the same time, Delia said, he and other journalists have been portrayed as traitors and threats to Maltese democracy in media belonging to the ruling Labor Party. And this “isolation,” as Delia calls it, has given criminals the ability to put additional pressure on them through scam blogs or websites or emails.

“These days are probably the hottest times of the past four years,” said Delia. “Will it end in physical violence?” He did it once, so I can’t make any promises.

Polish investigative journalist Wojciech Ciesla also noted the growing pressure on journalists who criticize the right-wing Law and Justice (PiS) party in power in his country. Ciesla, who works with Investigate Europe, a multinational research team, said things had changed dramatically since PiS came to power in 2015.

“I think Poland is currently following Viktor Orban’s steps in Hungary to limit press freedom,” he said, referring to the Hungarian prime minister’s systematic efforts to take control of the country’s media, to control political rhetoric and dismantle pluralism. Every day is a struggle for access to information, added Ciesla, with the government deciding who has “the privilege” of being informed.

EU pledges to “protect those who create transparency”

The experiences of reporters like Delia and Ciesla have not gone unnoticed in Brussels. The European Commission, the EU’s executive body, recently pledged to do more.

European Commission President Ursula von der Leyen devoted an entire part of her State of the European Union address in September to press freedom. “Information is a public good,” she said. “We need to protect those who create transparency – journalists. “

On the same day, the Commissioner responsible for upholding the rule of law in the EU, Vera Jourova, presented a set of recommendations to help EU countries fulfill this wish. She stressed that this was the first time that media freedom and security had been placed so high on the European agenda.

Specific measures included the creation of independent national support services, including hotlines, legal advice, psychological support and shelters for media professionals facing threats.

Delia said it was good to see the European institutions “sounding the alarm bells” and shining the spotlight on the importance of journalism for democracy.

The Maltese blogger is optimistic about the legislative proposals that EU officials have pledged to bring forward in 2022. Among them is the European Media Freedom Act, which aims to protect media independence. It is not yet clear what measures this package will contain, but RSF’s Majerczak said he would likely tackle state aid hidden from pro-government media, for example through advertisements.

“What we absolutely need are legislative measures followed by sanctions for violations, not just recommendations,” said Majerczak. She fears, like journalists Delia and Ciesla, that harsh words are not enough to impress some European governments.

“I am thinking for example of Poland, Hungary, Malta, Greece and Bulgaria,” she said, naming Bulgaria “the worst student in the EU”.

In RSF’s 2021 World Press Freedom Index, this Eastern European state ranks 112 out of 180 countries. According to RSF, the few outspoken journalists in Bulgaria are subjected not only to harassment by the state, but also to intimidation and violence.

Anti-SLAPP initiative aims to counter abusive litigation

Delia has also placed her hopes in another initiative that the European Commission plans to present next year that aims to protect journalists and human rights activists from abusive litigation, or strategic lawsuits against public participation. (SLAPP).

When Daphne Caruana Galizia was murdered in October 2017, the investigative journalist had 47 SLAPPs pending against her. These intimidating lawsuits are often used to threaten and silence media workers – a huge problem, especially for those who work independently or for small research entities.

“The person accused of Daphne’s murder wanted to sue me in the UK for over £ 70million. [€82 million or $95 million]”Delia said.” It would have been my last day in journalism. “

“I have little reason to be optimistic. My country is less democratic than before, ”he declared.

But at least, he added, the initiatives of the European institutions are going in the right direction.


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Dutch government to cut energy taxes amid soaring prices https://europasite.net/dutch-government-to-cut-energy-taxes-amid-soaring-prices/ https://europasite.net/dutch-government-to-cut-energy-taxes-amid-soaring-prices/#respond Fri, 15 Oct 2021 14:54:46 +0000 https://europasite.net/dutch-government-to-cut-energy-taxes-amid-soaring-prices/ THE HAGUE, The Netherlands (AP) – The Dutch government is planning a multibillion euro package to help households cope with soaring energy bills, a minister said on Friday. The Netherlands is the latest European country to seek to cope with the effects of soaring electricity and gas prices. Prime Minister Mark Rutte’s interim administration plans […]]]>

THE HAGUE, The Netherlands (AP) – The Dutch government is planning a multibillion euro package to help households cope with soaring energy bills, a minister said on Friday. The Netherlands is the latest European country to seek to cope with the effects of soaring electricity and gas prices.

Prime Minister Mark Rutte’s interim administration plans to cut energy taxes, which would save the average household around 400 euros ($ 463) per year, said Secretary of State for Economic Affairs and the Government of Canada. Climate Dilan Yesilgöz-Zegerius to journalists in The Hague.

Earlier this week, the executive branch of the European Union advised the 27 EU member countries to adopt tax cuts, state aid and other measures to help households and businesses to overcome the impact of high energy prices.

After months of economic instability linked to the coronavirus pandemic, the European Commission wants a rapid and common response to mitigate the effects of the rise in prices, in particular for people living in poverty or on low incomes.

EU officials say 20 member countries have already taken or are planning to take steps to ease the financial pressure. A trade union organization said last month that nearly 3 million European workers could not afford to turn on the heating in their homes.

Among the countries that have taken action, Spain reduced energy taxes, abolished a 7% tax on electricity production, reduced the energy tariff for consumers from 5.1% to 0.5% and reduced the sales tax on home energy from 21% to 10%.

Yesilgöz-Zegerius said the Dutch measures would affect all gas bills, not just those of people who are struggling to pay them, as the government wanted to find a quick and easy way to implement the measure.


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Don’t expect big oil companies to solve the energy crisis https://europasite.net/dont-expect-big-oil-companies-to-solve-the-energy-crisis/ https://europasite.net/dont-expect-big-oil-companies-to-solve-the-energy-crisis/#respond Thu, 14 Oct 2021 09:21:27 +0000 https://europasite.net/dont-expect-big-oil-companies-to-solve-the-energy-crisis/ October 16, 2021 PPOWER CUTS in China. Coal shortage in India. Rising electricity prices in Europe. A rush for gasoline in Britain. Power outages and fuel fires in Lebanon. Symptoms of dysfunctional global energy markets are everywhere. In recent days, chaos has pushed oil prices in America above $ 80 a barrel, their highest level […]]]>

PPOWER CUTS in China. Coal shortage in India. Rising electricity prices in Europe. A rush for gasoline in Britain. Power outages and fuel fires in Lebanon. Symptoms of dysfunctional global energy markets are everywhere.

In recent days, chaos has pushed oil prices in America above $ 80 a barrel, their highest level since late 2014. Natural gas prices in Europe have tripled this year. The demand for coal, supposedly on the heap of history, has jumped. The general manager of a commodity trading company says he comes to the office at 5 a.m. to get the latest news about blackouts in one Asian country or another. And winter, with its need for heating, has not yet arrived in the northern hemisphere.

A few years ago, fossil fuel producers would have responded to these price signals by rapidly increasing their production and investment. In 2014, with crude exceeding $ 100 a barrel, Royal Dutch Shell, a European supermajor, invested more than $ 30 billion in capital spending in upstream oil and gas projects. He then spent $ 53 billion BG Group, a British rival, to become the world’s leading producer of liquefied natural gas (LNG).

Not this time. Climate change has led to unprecedented pressure on oil and gas companies, especially in Europe, to shift away from fossil fuels. As part of Shell’s long-term transition to low-carbon gas and power markets, its upstream capital spending this year has declined to around $ 8 billion. Last month, it sold its once prized shale assets in Texas’s Permian Basin to U.S. rival ConocoPhillips for $ 9.5 billion. It is withdrawing from its onshore operations in Nigeria, a country it first set foot in in 1936. He recently said he would cut oil production by 1-2% each year until 2030. Asked On what soaring energy prices mean for investment, Wael Sawan, his head of upstream oil and gas production, is blunt. “From my point of view, that doesn’t mean anything,” he says.

This view is pervasive in much of the petroleum industry. In Europe, listed oil companies are under pressure from investors, mainly for environmental reasons, to stop drilling new wells. More upstream investment as prices rise could ‘delegitimize’ their public commitments to cleaner energy, says Philip Whittaker of BCG, a consulting firm. In the United States, publicly traded shale companies, which were too eager to ‘smash’ whenever oil prices soared, are now under the leadership of shareholders who want profits to be paid back via dividends. and buyouts rather than pouring into a hole in the ground.

State-owned oil companies are also under budget constraints, in part because of the covid-19 pandemic. Only a few, like Saudi Aramco and Abu Dhabi National Oil Company (ADNOC) increase production. The result is a global drop in investment in oil and gas exploration and production, from over $ 800 billion in 2014 to around $ 400 billion, where it is expected to hold (see chart).

Keep it in the ground

Meanwhile, demand has returned with surprising vigor as the pandemic abates. For the first time, the oil market could quickly reach a point of running out of spare capacity, according to Goehring & Rozencwajg, a commodities investment firm. It is perhaps only a temporary state of affairs; Aramco and ADNOC could react quickly. But temporarily at least, that would push crude prices up sharply, adding new constraints to economies that are already suffering from soaring natural gas costs for homes and energy-intensive businesses, steelmaking and fertilizer production in the United States. glass blowing for wine bottles.

From an environmental perspective, higher prices may be welcome if they undermine demand for fossil fuels, especially in the absence of a global carbon tax with teeth. In its “World Energy Outlook”, published on October 13, the International Energy Agency (OUCH), an energy forecaster, said the rebound in fossil fuel consumption this year could lead to the second largest absolute increase in carbon dioxide emissions on record. To achieve a “net zero” emissions target by 2050, the OUCH says there is no need to invest in new oil and gas projects after 2021. Instead, he calls for a tripling of clean energy investments by 2030.

The OUCHPart of the argument that no new natural gas project, less filthy than with other hydrocarbons, is necessary is based on investments in low-emission fuels, such as hydrogen. But, he admits, these are “well off track”. This shows the risk of treating all fossil fuels, each of which bears the responsibility for carbon emissions, as equal culprits. Reducing the supply of unreserved natural gas could be counterproductive.

On the one hand, gas is currently the main substitute for thermal coal in countries like China and India that want to reduce their emissions from electricity. Bernstein, an investment firm, predicts that Chinese imports of LNG could almost double by 2030, making it the world’s largest buyer. In the absence of investment in new projects, Bernstein expects that LNG ability to be below 14% of what is needed by then. This would hinder Asia’s exit from coal.

Additionally, natural gas performs a vital function in maintaining the stability of the electricity grid, especially in places that depend on intermittent wind and solar energy (at least until global grids become more interconnected) . In these markets, the marginal cost of natural gas often sets electricity prices, even though most of the electricity comes from renewables with zero marginal cost. The higher the price of gas, the higher the electricity bills. This could dampen popular support for clean energy.

The question of whether a new offering will be forthcoming remains unanswered. As the boss of another commodities trader observes, “because natural gas has been put in the dirty fuel column, nobody is investing.” For private sector supermajors, the problem is that they are all split more or less evenly between oil and natural gas production. Because the two often spring from the ground together, the two fuels tend to be closely related in the minds of investors. It’s frustrating. “It is an incredibly short-sighted view that we are grouping oil with gas,” rants a senior executive. Yet his company does not seem likely to challenge investors by significantly increasing gas production.

An executive at another major oil company said higher prices could increase pressure to invest a little more, but not to deviate from long-term climate commitments. Instead, he says the new investment will likely come from two sources that are not exposed to public pressure: state-owned oil companies and private companies. The executive notes that most of the recent increase in the number of drilling rigs in the Permian Basin has come from unlisted frackers, rather than publicly traded companies. Some compare it to contraband during the Prohibition era. The higher the price of oil and gas, the more incentives there will be to produce them. On condition, that is, that it takes place out of public view.

For a more expert analysis of the biggest stories in economics, business and markets, sign up for Money Talks, our weekly newsletter.

This article appeared in the Business section of the print edition under the headline “Playing for time”


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EU targets high energy prices https://europasite.net/eu-targets-high-energy-prices/ https://europasite.net/eu-targets-high-energy-prices/#respond Wed, 13 Oct 2021 03:04:12 +0000 https://europasite.net/eu-targets-high-energy-prices/ Published on: 10/13/2021 – 05:04 Brussels (AFP) The EU will present a “toolbox” of measures on Wednesday to alleviate an energy crisis that threatens to push up Europeans’ electricity bills. The European Commission has been under pressure to act in the face of the looming crisis, even though EU governments are more directly responsible for […]]]>

Published on:

Brussels (AFP)

The EU will present a “toolbox” of measures on Wednesday to alleviate an energy crisis that threatens to push up Europeans’ electricity bills.

The European Commission has been under pressure to act in the face of the looming crisis, even though EU governments are more directly responsible for their energy sources and taxes.

Energy prices have taken off this year as economies recover from the effects of the Covid pandemic.

Wholesale natural gas prices, the leading indicator of overall consumer and industrial energy prices, have more than tripled this year in Europe, with storage tanks dangerously low before winter. Oil and coal prices also jumped.

Some EU officials accuse Russia, the source of most of the gas imported into the bloc, of “blackmail” by restricting supplies in an attempt to force Germany to activate the new Nord Stream 2 gas pipeline crossing the Baltic, bypassing the ‘Ukraine.

Outgoing German Chancellor Angela Merkel, however, questioned this, suggesting that there had not been enough long-term gas contracts with European countries.

The issue will be on the front page of a summit of EU leaders next week.

But in a bid to first alleviate some of the pressure, Brussels is expected to urge member states on Wednesday to temporarily reduce national taxes which sharply inflate the cost of energy for consumers and businesses.

European Industry Commissioner Thierry Breton said Monday in an interview with French radio that “all (EU) countries will benefit (…) from this situation because there are a lot of taxes on ‘energy”.

Brussels could also approve a temporary reduction in the value added tax and support initiatives such as “energy vouchers” for the poorest households. A proposal for an American-style strategic gas reserve could also be raised.

It was less certain that she echoed a suggestion from France – which derives most of its electricity from nuclear power plants – to sever a price link between gas and electricity, or another from Spain so that the The EU purchases common gas.

– ‘Shorter showers’ –

The focus on tax relief could, EU officials hope, distract public attention from the EU’s Emissions Trading System (ETS), a market mechanism for the economy. ‘buying and selling carbon credits that some have blamed for rising prices.

EU Green Transition Commission Vice-Chairman Frans Timmermans said only around 20% of energy costs felt by consumers come from ETS.

Timmermans and committee chair Ursula von der Leyen stress that ETS is crucial for Europe to achieve its goal of becoming carbon neutral by 2050. They stress that renewable energy sources are cheaper than fossil fuels.

The EU executive is also wary of anything that could violate the bloc’s single market rules. Germany and the Netherlands oppose taking “extreme measures”.

Analysts at the Bruegel think tank said that, for the short-term energy problem, there is little the EU can do to boost supply.

“The only thing Europe can do quickly to avoid a potentially difficult winter is to actively promote energy savings in the residential and industrial sectors,” said Simone Tagliapietra and Georg Zachmann, senior fellows at Bruegel, in an article published on the institution’s website.

For households, that would include “turning off the lights, closing the curtains and taking shorter hot showers,” while manufacturers could cut production or consider temporary shutdowns, they said.


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Machine learning and artificial intelligence in the government of the Federal Executive Forum 2021 https://europasite.net/machine-learning-and-artificial-intelligence-in-the-government-of-the-federal-executive-forum-2021/ https://europasite.net/machine-learning-and-artificial-intelligence-in-the-government-of-the-federal-executive-forum-2021/#respond Mon, 11 Oct 2021 20:34:04 +0000 https://europasite.net/machine-learning-and-artificial-intelligence-in-the-government-of-the-federal-executive-forum-2021/ Dated: October 19, 2021Dated: 1 p.m. ETDuration: 1 hourCost: No charges The description Machine learning and artificial intelligence technology is evolving very quickly, but is becoming very important in helping agencies with their people, processes and technology. How are agencies using this technology and what benefits do they see in it? During this webinar, you […]]]>

Dated: October 19, 2021
Dated: 1 p.m. ET
Duration: 1 hour
Cost: No charges

The description

Machine learning and artificial intelligence technology is evolving very quickly, but is becoming very important in helping agencies with their people, processes and technology. How are agencies using this technology and what benefits do they see in it?

During this webinar, you will learn how federal IT professionals at the DoD Joint Artificial Intelligence Center, Department of Labor, Department of the Navy, and Office of the Secretary of Defense are implementing strategies and initiatives around learning. automatic and artificial intelligence.

The following experts will explore what the future of machine learning and AI in government means to you:

  • Gregory Allen, Director of Strategy and Policy, DoD Joint Center for Artificial Intelligence
  • Sanjay Koyani, Director of Technology, Ministry of Labor
  • Brett Vaughan, chief artificial intelligence officer, Ministry of the Navy
  • Erica Thomas, DoD Controller, Intelligent Automation Program Manager, Office of the Secretary of Defense
  • Jim richberg, Field Chief Information Security Officer, Public Sector, Fortinet
  • Henri sowell, Chief Information Officer, Cloudera Government Solutions
  • Bob osborn, CTO, Global Government, ServiceNow
  • Moderator: Luke McCormack, Host of the Federal Executive Forum

Panelists will also share lessons learned, challenges and solutions, as well as a vision for the future.

Registration is free. Please register using the form on this page or call (202) 895-5023.

How to access the content: Please note that you may need to re-enter your registration information if you have already registered for this webinar and returned to the page after clearing your cookies or using a private browser.

By providing us with your contact details, you agree to: (i) receive promotional and / or email news alerts from Federal News Network and our third party partners, (ii) that we may share your information with our third party partners who provide products and services that may be of interest to you and (iii) that you are not located in the European Economic Area.


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South African teams to play RCU home matches at European venues https://europasite.net/south-african-teams-to-play-rcu-home-matches-at-european-venues/ https://europasite.net/south-african-teams-to-play-rcu-home-matches-at-european-venues/#respond Sun, 10 Oct 2021 15:09:53 +0000 https://europasite.net/south-african-teams-to-play-rcu-home-matches-at-european-venues/ Through Mike Greenaway 21 months ago Share this article: To shareTweeterTo shareTo shareTo shareE-mailTo share Durban – The disadvantage South African teams face in the United Rugby Championship is expected to continue with confirmation that European teams will not play matches in South Africa until next year. Instead, the first two rounds of home games […]]]>

Through Mike Greenaway 21 months ago

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Durban – The disadvantage South African teams face in the United Rugby Championship is expected to continue with confirmation that European teams will not play matches in South Africa until next year.

Instead, the first two rounds of home games for the South African teams against foreign opponents will be played at yet to be confirmed European venues, but likely in Italy.

This despite the removal of South Africa from the UK’s Red Flags for travel list, meaning UK teams would no longer need to self-isolate for 10 days upon their return home.

The last weekend in November and the first weekend in December, the Scarlets, Cardiff, Munster and Zebre were scheduled to play in South Africa.

There has always been a contingency plan in place – destinations in Italy are reserved for South African “home” matches – and this plan must be activated according to RCU general manager Martin Anayi.

“It’s good that they are off the red list and that will probably allow us to go to South Africa in the second half of the season (2022) and we will keep the games where they are in Europe for round six. and seven, ”Anayi said.

The Lions, Stormers, Sharks and Bulls conclude their four-game tour of Europe this weekend and will return to South Africa for about a month before returning to Europe to play two more home games before a league hiatus until January 2022.

South African teams have already had to undertake four-game tours instead of the usual two-week stays in PRO 14, and they have had to play without their South Africa-based Springboks.


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Russians flock to Serbia to receive West-made COVID-19 vaccines https://europasite.net/russians-flock-to-serbia-to-receive-west-made-covid-19-vaccines/ https://europasite.net/russians-flock-to-serbia-to-receive-west-made-covid-19-vaccines/#respond Sat, 09 Oct 2021 06:26:39 +0000 https://europasite.net/russians-flock-to-serbia-to-receive-west-made-covid-19-vaccines/ BELGRADE, Serbia (AP) – When Russian regulators approved the country’s coronavirus vaccine, it was a moment of national pride, and the Pavlov family were among those rushing to get the injection. But the international health authorities have not yet given their blessing to the Sputnik V coup. So when the family from Rostov-on-Don wanted to […]]]>

BELGRADE, Serbia (AP) – When Russian regulators approved the country’s coronavirus vaccine, it was a moment of national pride, and the Pavlov family were among those rushing to get the injection. But the international health authorities have not yet given their blessing to the Sputnik V coup.

So when the family from Rostov-on-Don wanted to visit the West, they looked for a vaccine that would allow them to travel freely – a quest that brought them to Serbia, where hundreds of Russian citizens flocked. in recent weeks to receive West-approved COVID-19 injections.

Serbia, which is not a member of the European Union, is a practical choice for Russians seeking vaccines because they can enter the allied Balkan nation visa-free and because it offers a wide choice of vaccines. Western-made. Tours organized for Russians have skyrocketed and they can be spotted in the capital, Belgrade, in hotels, restaurants, bars and vaccination clinics.

“We took the Pfizer vaccine because we want to travel the world,” said Nadezhda Pavlova, 54, after receiving the vaccine last weekend at a sprawling vaccination center in Belgrade.

Her husband Vitaly Pavlov, 55, said he wanted “the whole world to be open to us rather than just a few countries”.

Organized vaccination trips for Russians looking for vaccines approved by the World Health Organization appeared on the market in mid-September, according to the Association of Russian Tour Operators.

Maya Lomidze, executive director of the group, said prices start at $ 300 to $ 700, depending on what’s included.

Hailed by Russian President Vladimir Putin as the world’s first registered COVID-19 vaccine, Sputnik V appeared in August 2020 and has been approved in some 70 countries, including Serbia. But the WHO said the global approval was still under review after raising issues at a production plant a few months ago.

A senior World Health Organization official said on Friday that legal issues hampering the review of Sputnik V were “about to be resolved,” a step that could jump-start the authorization process. emergency.

Other obstacles remain for the Russian bid, including the lack of comprehensive scientific information and inspections of manufacturing sites, said Dr Mariangela Simao, deputy director-general of WHO.

Besides the WHO, Sputnik V is also awaiting approval from the European Medicines Agency before all travel restrictions can be lifted for people vaccinated with the Russian formula.

The long wait frustrated many Russians, so when the WHO announced a further delay in September, they started looking elsewhere.

“People don’t want to wait; people need to be able to enter Europe for various personal reasons, ”said Anna Filatovskaya, spokesperson for Russky Express travel agency in Moscow. “Some have relatives. Some have business, some studies, some work. Some just want to go to Europe because they miss it.

Serbia, a Christian and Slavic nation, offers the Pfizer, AstraZeneca and Chinese Sinopharm pictures. By popular demand, Russian tourism agencies are now also offering tours to Croatia, where tourists can receive the Johnson & Johnson vaccine in a single injection, without having to return for a second dose.

“For Serbia, demand has increased like an avalanche,” Filatovskaya said. “It’s like everything our company does these days is selling tours for Serbia.”

The Balkan nation introduced vaccination for foreigners in August, when the vaccination campaign inside the country slowed after reaching around 50% of the adult population. Official data from the Serbian government shows that nearly 160,000 foreign citizens have so far been vaccinated in the country, but it is not known how many are Russians.

In Russia, the country’s vaccination rate has been low. This week, nearly 33% of Russia’s 146 million people received at least one injection of a coronavirus vaccine, and 29% were fully immunized. Besides Sputnik V and a single-dose version known as Sputnik Light, Russia has also used two other nationally designed vaccines that have not been approved internationally.

Russian Health Minister Mikhail Murashko recently said administrative issues were among the main bottlenecks in the WHO review process.

Judy Twigg, a political science professor specializing in global health at Virginia Commonwealth University, expects Sputnik V to be finally approved, but not this year.

“WHO said it needed more data and needed to go back and inspect some production lines where it had detected problems early on. These re-inspections are a multi-week process, for good reason. It’s not something they lightly ignore.

Amid low vaccination rates and authorities’ reluctance to reimpose restrictive measures, Russia and Serbia have seen COVID-19 infections and hospitalizations reach record levels in recent weeks.

The daily death toll from coronavirus in Russia topped 900 for a second day in a row Thursday – a day after hitting a record 929. In Serbia, the daily death toll of 50 people is the highest in months in the 7 million country which has so far confirmed nearly one million cases of infection.

Pavlova said the “double protection” offered by Pfizer booster shots would allow the family “not only to travel the world, but also to see our loved ones without fear.”

Since vaccination tours exploded in popularity about a month ago, they have provided welcome business for Serbian tour operators devastated by the pandemic in an already weak economy. The owner of BTS Kompas travel agency in Belgrade, Predrag Tesic, said they were booked well in advance.

“It started small at first, but the numbers have grown day by day,” Tesic said.

He explained that his agency takes care of everything from airport transport to accommodation, translation and other help at vaccination points. Upon their return for another fix in three weeks, Russian guests are also offered brief tours of some of Serbia’s popular sites.

Back in Russia, some Moscow residents said they understood why many of their Russian compatriots were traveling abroad to get vaccinated. But Tatiana Novikova said local vaccines remain her choice.

“I trust ours more, to be honest,” she said.

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Associated Press editors Dusan Stojanovic and Ivana Bzganovic in Belgrade, Serbia, and Daria Litvinova and Daniel Kozin reported from Moscow.

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Follow AP’s pandemic coverage at https://apnews.com/hub/coronavirus-pandemic


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JAB seeks to raise $ 5 billion to invest in animal care https://europasite.net/jab-seeks-to-raise-5-billion-to-invest-in-animal-care/ https://europasite.net/jab-seeks-to-raise-5-billion-to-invest-in-animal-care/#respond Thu, 07 Oct 2021 03:00:41 +0000 https://europasite.net/jab-seeks-to-raise-5-billion-to-invest-in-animal-care/ JAB Holding, the European investment group behind brands such as Pret A Manger, Panera Bread and Krispy Kreme, is looking to raise a new $ 5 billion fund to expand its series of deals in the booming healthcare industry for pets. The group, which manages the fortune of the German billionaire family Reimann and has […]]]>

JAB Holding, the European investment group behind brands such as Pret A Manger, Panera Bread and Krispy Kreme, is looking to raise a new $ 5 billion fund to expand its series of deals in the booming healthcare industry for pets.

The group, which manages the fortune of the German billionaire family Reimann and has invested outside money for the past seven years, has started raising funds from its existing network of around 120 investors, according to two people with a direct knowledge of the file.

It aims to complete the fundraiser, which targeted former investors including the Colombian brewing dynasty of Santo Domingo, Singapore’s GIC state fund and the University of Pennsylvania endowment, by the second quarter. next year.

The funds will be invested through JAB Consumer Partners, formerly known as JAB Consumer Fund, which has raised $ 17.7 billion and is renowned for signaling a desire to bring in co-investors.

The group has concluded more than $ 50 billion in consumer transactions in recent years, notably through JAB Consumer Partners, which invests through a separate structure created alongside the family holding Reimann.

The new funds would primarily be used to invest in pet care services such as insurance and medical equipment, people said, while some of the new funds would target other consumer goods companies. The group hopes to capitalize on the lessons learned from the significant investments in veterinary care made with the latest $ 6 billion in funding it finished raising last year.

The fundraiser follows a turbulent period within the group, which in 2020 split from a senior executive, David Kamenetzky, who had only been hired the previous year. In 2019, the former CEO of Reckitt, Bart Becht, left following disagreements over the group’s strategy with his fellow managing partners Peter Harf and Olivier Goudet.

This year, JAB announced a successor to Harf, who is 75 years old. He is also the chairman of the group and helped make the Reimann billionaires by making deals spanning decades.

Olivier Goudet, Managing Partner at JAB © Dirk Waem / AFP via Getty

Joachim Creus, a 45-year-old lawyer who has worked with the group for more than 10 years, was appointed senior partner and vice-chairman in May, and will eventually succeed Harf, who has not set his departure date to retirement, the company said. Creus is expected to be named a managing partner alongside Harf and Goudet, 56, in the coming weeks, two people with direct knowledge of the matter told the Financial Times.

With the previous $ 6 billion in funds, JAB has acquired veterinary businesses, including Compassion-First Pet Hospitals, National Veterinary Associates and Ethos Veterinary Health, with a particular focus on specialist veterinary care. He initially aimed to raise $ 8 billion.

This strategy capitalized on a global trend not only to own pets but also to spend a lot on them, including high level veterinary care and expensive food. It is considered by JAB to be one of its best performing areas of investment.

In contrast, other investments in the JAB portfolio suffered during the pandemic. Pret A Manger, the UK take-out and coffee-shop chain, was saved thanks to a £ 185million investment from JAB after it lost much of its customer base during the shutdowns. It is changing its business model to focus more on small towns and cities and offers services such as coffee subscriptions.

Demand for Krispy Kreme donuts, another JAB brand, has increased at the height of the pandemic, but its shares have lost a third of their value since being listed on the Nasdaq index in July. JAB is also preparing for an IPO of Panera Bread, which it bought in 2017 for $ 7.5 billion.


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