Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 33 n° 338

Posts Tagged ‘agreement’

European shipping welcomes the approval by the European Parliament of the EU-UK Trade and Cooperation Agreement

Posted by fidest press agency su sabato, 1 Maggio 2021

Dopo il previo assenso delle commissioni per gli affari esteri e il commercio del PE, il 27 aprile il Parlamento europeo ha finalmente approvato l’accordo di commercio e cooperazione UE-Regno Unito con 660 voti a favore, a soli quattro giorni dalla fine del periodo di candidatura ad interim. L’accordo, che ora può entrare in vigore il 1 ° maggio, è già stato ratificato dal Regno Unito ed è applicabile in via provvisoria dal 1 ° gennaio 2021, dopo essere stato concordato dall’UE e dai negoziatori del Regno Unito il 24 dicembre 2020.Il 1 ° gennaio 2021, il periodo di transizione è terminato dopo che il Regno Unito ha lasciato l’Unione europea il 31 gennaio 2020. Le sue relazioni commerciali con l’UE sono state temporaneamente disciplinate dall’accordo commerciale e di cooperazione (TCA) UE-Regno Unito, che istituisce un’area di libero scambio di beni e servizi paragonabile agli accordi commerciali che l’UE ha firmato con altri partner globali, come il Giappone.L’accordo commerciale e di cooperazione UE-Regno Unito concluso tra l’UE e il Regno Unito stabilisce accordi preferenziali in settori vitali come il commercio di beni e servizi, l’economia digitale, i diritti di proprietà intellettuale, l’applicazione della legge e la cooperazione giudiziaria. Comprende anche disposizioni per garantire condizioni di parità.Sebbene ciò non possa essere considerato equivalente alla situazione in passato, quando il Regno Unito era ancora un membro dell’UE, l’accordo di commercio e cooperazione va oltre le disposizioni di un grezzo accordo di libero scambio e ora fornisce una solida base per preservare la libertà commerciale, rispetto dei diritti umani fondamentali e cooperazione reciproca.Avendo fortemente sostenuto una soluzione negoziata che consentisse il flusso continuo del commercio senza interruzioni, il Segretario generale dell’ECSA Martin Dorsman ha dichiarato:“Accogliamo con favore la fine di un lungo periodo di incertezza sul rapporto tra l’UE e il Regno Unito e sottolineiamo il ruolo fondamentale svolto dall’industria marittima sia per l’economia dell’UE che per quella del Regno Unito. Il settore marittimo è cruciale per l’economia del Regno Unito e rappresenta il 76% del commercio estero dell’UE: salvaguardare i flussi commerciali tra l’UE e il Regno Unito è fondamentale per la ripresa dalla pandemia e le relazioni reciproche “.

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Halo Signs Definitive Agreement to Acquire two Additional LA Dispensary License Applicants

Posted by fidest press agency su martedì, 9 febbraio 2021

Toronto. Halo Collective Inc. (“Halo” or the “Company”) (NEO: HALO) (OTCQX: HCANF) (Germany: A9KN) is delighted to announce the signing of definitive agreements to acquire an interest in two successful Los Angeles dispensary license applicants and 100% ownership of each applicant’s related management company (“the Transaction”), in a strategic move to further the Company’s presence in California’s growing cannabis market. As Halo continues to implement its seed to sale verticalization strategy, owning and operating retail businesses is a key tactic to increase value by controlling distribution and adding operating margin. As such the signing of definitive agreements to acquire 66 ⅔% of the two Los Angeles dispensary businesses, as well as 100% of their respective management companies marks a significant milestone for the Company. Halo plans to open the flagship stores in Hollywood and Westwood adjacent to Beverly Hills and at least one site will feature the first FlowerShop* branded dispensary. The Company plans to brand the first applicant SDF11 LLC (“SDF11”), located in Hollywood, FlowerShop*, a cannabis lifestyle and conceptual wellness brand by Feel Better in which G-Eazy is a partner and key member. As previously disclosed, Halo also owns 25% of Feel Better LLC (“Feel Better”). The second dispensary, ZXC11 LLC (“ZXC11”), has leased approximately 1,500 square feet in Westwood within two miles of the University of Los Angeles California campus (“UCLA”). Upon closing the Transaction, the Company plans to deepen its operations through these two storefronts and the Company’s first dispensary acquisition that is already slated to open in the North Hollywood (“NOHO”) village of Los Angeles.

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Agreement on EU instrument supporting border management and common visa policy

Posted by fidest press agency su domenica, 13 dicembre 2020

On Thursday, Parliament and the Council reached a political agreement on the border management fund for 2021-2027, worth 6.241 billion EUR.The fund will support strong and effective European integrated border management at the external borders, as well as a common visa policy to ensure a harmonised approach for issuing visas and to facilitate legitimate travel. MEPs insisted that 10% of the fund be earmarked for visa policy in national programmes.During the talks, Parliament’s negotiators succeeded in strengthening the provisions on fundamental rights. Actions implemented under the instrument will be carried out in full compliance with the EU’s Charter of Fundamental Rights and its international obligations regarding fundamental rights, in particular the principles of non-discrimination and the right to not be returned to a country where you might face inhumane treatment.In order to better help those in need of international protection, Parliament also secured support for measures to identify vulnerable persons and unaccompanied minors . The development of integrated child protection systems at the external borders and actions supporting member states in issuing visas on humanitarian grounds will also be funded.

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EP Group leaders endorse EU long-term budget and own resources agreement

Posted by fidest press agency su sabato, 14 novembre 2020

The Conference of Presidents evaluated and endorsed the political agreement reached on the MFF 2021-2027 and the own resources proposal on 10 November 2020. Political group leaders also underlined the importance of the political agreement reached between Parliament and Council on the Rule of law Regulation.Parliament has fought hard in the past ten weeks to reach a good agreement to address the effects of the COVID-19 pandemic and to support the recovery and make European society more resilient. Yesterday, Parliament and Council reached a political agreement on the EU’s future financing, the next EU long-term budget (MFF 2021-2027) and Own Resources proposal.Parliament secured €15 billion for EU flagship programmes at the heart of citizens’ concerns that bring real benefits: research, health, climate and digital transitions and support for young people. €1 billion will increase flexibility to address future needs and crises.The provisional agreement includes also: • a joint declaration on Next Generation EU (NGEU) interest costs and repayments in the 2021-2027 MFF to ensure that expenditure covering the financing costs of NGEU shall not reduce EU programmes and funds; • a legally binding roadmap for the introduction of EU own resources to finance the repayment of the recovery debt and to finance future budgets; • enhanced scrutiny of NGEU funds by the budgetary authority, ensuring democratic accountability is included in the Inter-institutional Agreement; • a role secured for the European Parliament in new proposals based on Art 122 TFEU with potentially significant implications for the European Union budget, by means of a Joint Declaration, and • a Commission declaration on the climate-tracking methodology and the involvement of Parliament and Council as well as a Commission declaration regarding climate contributions per programme.

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Agreement on stronger EU countermeasures in trade disputes

Posted by fidest press agency su domenica, 1 novembre 2020

Parliament and Council agreed Wednesday in ways to bolster the EU’s ability to use countermeasures in trade disputes. The update of the 2014 enforcement regulation was necessary to allow the EU to use countermeasures after it obtained a favourable ruling from a dispute settlement panel of the World Trade Organisation (WTO) while the other party appeals into the void (with the Appellate Body of the WTO currently defunct due to blockage). The EU could similarly retaliate with customs duties and quotas when its partners disregard bilateral or regional trade agreements and at the same time, shun the arbitration mechanisms.Parliament negotiators agreed with the goals of the proposal and negotiated the following changes: • the scope of the regulation will now cover not only goods but also services and certain trade-related aspects of intellectual property rights; • the institutions will revisit a further extension in the field of intellectual property rights in one year after application; • the Commission is going to examine breaches in the field of sustainable trade with the same attention as breaches of market access; and • the Commission committed to draft a law on a new instrument to dissuade or counter “coercive” actions of a third country that violates international law, in 2021. Council pledged to work on the proposal.

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Baltic Sea: Agreement reached on 2021 fishing opportunities

Posted by fidest press agency su sabato, 31 ottobre 2020

The Commission and the Member States reached an agreement on the fishing opportunities in the Baltic Sea for 2021. The agreement comes at a difficult time for the Baltic region, as it struggles with the ongoing environmental threats to the ecosystem and the economic impact of the coronavirus pandemic.Virginijus Sinkevičius, Commissioner for the Environment, Oceans and Fisheries, welcomed the agreement: “I am pleased that we have found a compromise that works for the fishermen and women, while allowing fish stocks to replenish and reach healthy levels. This was the rationale of our proposal, which followed the advice of the International Council on the Exploration of the Seas (ICES) and the provisions of the Baltic multi-annual plan. I am happy that the Member States have kept to the spirit of Our Baltic ministerial conference a few weeks ago, when together with agriculture, fisheries and environment ministers from the region, we agreed to address all the factors affecting this fragile ecosystem.” Overall, the agreement means that 8 out of 10 Baltic Sea total allowable catches (TACs) are set at sustainable levels – maximum sustainable yield (MSY). For two out of these stocks this is even below the MSY point value, or – for stocks where scientists could not give MSY-advice – in line with their precautionary advice. Reducing the fishing pressure alone will however not solve the problems of the Baltic Sea. A comprehensive approach is needed in line with the Our Baltic ministerial declaration signed by Commissioner Sinkevičius and Baltic Ministers of Agriculture, Fisheries and Environment three weeks ago. More information on the specificities of the agreement for the different fish stocks is available in the Commissioner’s statement.

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Halo Signs Definitive Agreement to Acquire Canmart

Posted by fidest press agency su venerdì, 9 ottobre 2020

TORONTO–(BUSINESS WIRE) Halo Labs Inc. (“Halo” or the “Company”) (NEO: HALO, OTCQX: AGEEF, Germany: A9KN) has entered into a definitive share purchase agreement, (the “Share Purchase Agreement”) pursuant to which the Company, in exchange for up to 72,463,768 common shares of Halo (“Halo Shares”), will acquire all of the issued and outstanding shares of Canmart Ltd. (“Canmart”), a licensed importer and distributor of cannabis-based products for medicinal use (“CBPMs”) in the United Kingdom (“UK”) (the “Acquisition”). Issuance of certain Halo Shares will be subject to milestones and, once issued, will be subject to volume trading restrictions (see “Transaction Overview” below).The UK population consumes one of the greatest amounts of cannabis per capita in the world. With an estimated 4.7 million cannabis users out of a total general population of 66.4 million in 2019, the number of users per capita even approaches California, currently the single largest cannabis market in the world.1 While the estimated number of people in the UK who use cannabis to treat chronic health conditions is only 1.4 million,2 the legal use of medical cannabis is still in its relative infancy. The UK legalized CPBMs, including plant materials, oils, tinctures, edibles and capsules, in November 2018.Nearly all CPBM prescriptions are imported, because there is no formal domestic manufacturing program in the UK.3 However, as legal prescriptions are on the rise,4 recent regulations have sought to streamline and ease the importation of medical cannabis to the UK. In March 2020, the Medicines & Healthcare Products Regulatory Agency (the “MHRA”) and the Home Office implemented changes that enable Canmart to import large quantities of CPBMs and hold inventory of these approved medicines. The Company’s research of publicly available information indicates that Canmart and four other companies in the UK currently possess all of the licenses necessary for bulk importation and distribution of CPBMs.

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For a comprehensive agreement with the UK

Posted by fidest press agency su lunedì, 30 marzo 2020

“Last week, the European Union and the UK government exchanged draft legal texts covering their respective visions of our future relationship. The EU’s text is fully based on the Political Declaration, while that of the UK seems to cover only some elements.
The EU is still convinced that a comprehensive agreement covering all areas of the Political Declaration is better suited to the kind of ambitious partnership that would be in the interests of both the EU and the UK. The European Parliament remains fully committed to reaching a broad agreement with our British partners that encompasses not only trade, but a wide range of sectors. The UK’s commitments and obligations must be consistent and commensurate with the level of cooperation they are seeking to strike with us.From the first round of talks, major differences became evident on fisheries, on level playing field issues, on police and judicial cooperation in criminal matters and on the overall governance of the future relations. We need to work relentlessly to find solutions to these disagreements. Despite the ongoing COVID-19 crisis, the European Parliament remains committed to fulfil its role. It will continue to scrutinise the negotiations and hold regular exchanges of views with the EU chief negotiator.For now, we are still waiting to see guarantees that the UK will fulfil all of its commitments stemming from the Withdrawal Agreement, including the Irish Protocol. This is key for us in the European Parliament. The British side must live up to its commitments.
With the end of the transition period, regardless of the deal struck, any changes will be important for the citizens and businesses in the UK and, to a certain extent, in the EU. Both sides therefore need to ensure the best possible outcome in the negotiations, to the benefit of both parties.”

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ViacomCBS and Comcast Announce Content Carriage Agreement

Posted by fidest press agency su venerdì, 10 gennaio 2020

ViacomCBS and Comcast Corporation announced today the companies have renewed their content carriage agreement that includes continued retransmission consent of 23 CBS-owned television stations in 15 major markets across the country, including CBS-owned The CW affiliates, as well as distribution of the popular entertainment and sports channels SHOWTIME®, Smithsonian Channel™, Pop TV and CBS Sports Network to Xfinity customers. In addition, CBS All Access, CBS’ digital subscription video on-demand and live streaming service, will be available on Comcast’s Xfinity X1 and Flex platforms later this year. This will mark the first time CBS will make the CBS All Access app available on an MVPD-based set-top box. The agreement also includes TV Everywhere availability of programming from CBS Television Network and CBS Sports Network to Xfinity customers, who will be able to enjoy live authenticated streaming on CBS.com, the CBS app and Comcast’s authenticated platform Xfinity Stream. Pop TV and content from Smithsonian Channel have previously been available to stream via Comcast’s authenticated platforms. In addition, the authentication service SHOWTIME ANYTIME® will continue to provide Xfinity SHOWTIME subscribers with unlimited access to acclaimed original series, hit movies, sports, documentaries, specials and much more online and on mobile devices.CBS-owned stations in New York, Chicago, Philadelphia, San Francisco, Boston, Detroit, Minneapolis, Miami, Denver, Sacramento, Pittsburgh and Baltimore, as well as CBS-owned The CW affiliates in Philadelphia, San Francisco, Atlanta, Tampa, Seattle, Detroit, Sacramento, Pittsburgh and Baltimore, will continue to be distributed to Xfinity customers. In addition, two MyNetwork affiliates will be available in Boston and Miami and the CBS-owned independent station will be available in New York.

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Acceleron and Fulcrum Therapeutics Announce Pulmonary Research and Discovery Collaboration Agreement

Posted by fidest press agency su mercoledì, 1 gennaio 2020

Acceleron Pharma Inc. (Nasdaq:XLRN), a leading biopharmaceutical company in the discovery and development of TGF-beta superfamily therapeutics to treat serious and rare diseases, and Fulcrum Therapeutics, Inc. (Nasdaq:FULC), a clinical-stage biopharmaceutical company focused on improving the lives of patients with genetically defined rare diseases, today announced they have entered into a collaboration and license agreement to identify small molecules designed to modulate specific pathways associated with a targeted indication within the pulmonary disease space.

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A new agreement between Broadband Forum (BBF) and the Open Networking Foundation (ONF)

Posted by fidest press agency su mercoledì, 16 ottobre 2019

BAA and SEBA/VOLTHA are complementary because they solve different carrier problems, while addressing operators’ increasing desire to move to agile, software-defined access networks via open source development with open and standardized interfaces. The agreement between Broadband Forum and ONF further builds on this by focusing on the most important aspects of migration and co-existence to interconnect existing parts of the access network with new technologies. Broadband Forum and ONF believe that many types of carrier deployments would benefit from the capabilities offered by OB-BAA and SEBA/VOLTHA. The cooperation between the two organizations takes their work to the next level, providing an effective and efficient path for operators to leverage the innovations and benefits of both initiatives while ensuring interoperability, high performance, scalability and maximum reliability. https://www.broadband-forum.org

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MARV and Coty Inc. Announce New Fragrance Agreement

Posted by fidest press agency su venerdì, 11 ottobre 2019

Coty Inc. and Matthew Vaughn today announced a global creative partnership to launch a new line of Kingsman fragrances for men, to be sold at select luxury retailers. The first release will debut alongside the upcoming MARV and 20th Century Fox title The King’s Man, in February 2020.Matthew Vaughn is director, writer and producer of the Kingsman film series, whose smash hit films Kingsman: The Secret Service (2014) and Kingsman: The Golden Circle (2017) have inspired several groundbreaking luxury retail partnerships, including the successful KINGSMAN luxury men’s wear and accessories collection by MR PORTER and Vaughn, currently in its 10th season.Edgar Huber, President Coty Luxury, added, “As a unique, quintessentially-British lifestyle brand, Kingsman fits perfectly within Coty Luxury’s portfolio and nicely complements our strong luxury men’s fragrance business. Through our combined strength in storytelling and Coty’s marketing and commercial expertise, we are uniquely positioned to translate the Kingsman universe into a success in fragrances.” Matthew Vaughn states, “This partnership is a further evolution of the Kingsman brand; a collaboration that represents the same high quality and craftsmanship the Kingsman portfolio is known for. Working with Coty’s expertise in fragrance, and with a truly exciting campaign to come, I look forward to the launch of the newest addition to the Kingsman collection.”

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Blackstone Announces Agreement to Acquire Vungle

Posted by fidest press agency su giovedì, 18 luglio 2019

Blackstone (NYSE:BX) announced today that private equity funds managed by Blackstone (“Blackstone”) have agreed to acquire Vungle, a leading performance marketing platform for in-app video advertisements on mobile devices.Vungle is trusted by publishers of more than 60,000 mobile apps worldwide, including top brands such as Rovio, Zynga, Pandora, Microsoft, and Scopely, among others. The company serves more than 4 billion video views per month on over a billion unique devices, and is consistently ranked #1 for cross-platform user retention by industry mobile performance indexes. Vungle is headquartered in San Francisco with offices in London, Berlin, Beijing, Tokyo, Singapore and Seoul.Sachin Bavishi, Principal at Blackstone, said, “As a best-in-class performance marketing platform, Vungle represents a key growth engine for the mobile app ecosystem. Our investment will help deliver on the company’s tremendous growth potential and we look forward to partnering with management to extend Vungle’s strength across mobile gaming and other performance brands.”In connection with the transaction, Vungle has also reached a settlement agreement with founder Zain Jaffer and is pleased to have this matter resolved. Terms of the agreement were not disclosed.The transaction is expected to close later this year, subject to customary closing conditions. Goldman Sachs & Co. LLC is serving as financial advisor to Vungle and Guggenheim Securities, LLC is serving as financial advisor to Blackstone on the transaction. DLA Piper LLP (US) is serving as legal advisor to Vungle and Simpson Thacher & Bartlett LLP is serving as legal advisor to Blackstone.

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Agreement on Europzone budget is a step forward but more is needed to safeguard the Eurozone

Posted by fidest press agency su lunedì, 24 giugno 2019

The European Council reached an agreement on the creation of a budget for the Eurozone. Sandro GOZI, President of the Union of European Federalists comments: “After many months of blockage and inaction, today’s agreement on the creation of a budget for the Eurozone is a small but important symbolical step forward. While the size of the budget is likely to be very small, the agreement of national governments that a common currency needs a common budget is a major breakthrough for the future development of the Eurozone architecture. When the next economic crisis hits, we need a tool on the European level to fight back, and it has been time that all Member States agreed to this principle.”“Unfortunately, President Macron’s proposals have been watered down in negotiations, leaving us with a less than ideal result. I fear that the current proposal risks not only being too small to counter a major crisis like in 2012 but also it duplicates parts of existing programmes instead of filling the gaps in the Eurozone architecture.”“Building on this proposal the new Commission should propose an additional budgetary capacity that is not part of the general EU budget and can be scaled up quickly when it is needed. Such a budget also should give the flexibility to spend the funds where and when it is needed and not be allocated to Member States over seven years according to their contributions. Time is running out to fix the roof while the sun is shining. Negotiations on the Eurozone budget need to be decoupled from the general EU budget and start focusing on building a real monetary and fiscal union before it is too late”, continues Sandro GOZI.

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Globality and HSBC Enter Into Agreement to Realize the Financial Services Leader’s Vision for AI-Driven Self-Serve Procurement

Posted by fidest press agency su venerdì, 24 Maggio 2019

Globality, Inc. announced today that it has entered into an agreement with HSBC, one of the world’s leading banking and financial services companies, in which HSBC is adopting Globality’s innovative AI-based Platform for sourcing and procurement of services.
HSBC is at the forefront of revolutionizing sourcing by enabling its business stakeholders to do self-serve procurement utilizing Globality’s artificial intelligence, real-time collaboration and intuitive user experience. With Globality’s AI-based Platform, HSBC users will be able to scope projects in hours rather than days, and intelligently match their unique requirements to the best suppliers around the world.
Finding the best service provider at the right price for every project is impossible to achieve with legacy systems that are mostly analog and are not continuously learning, capturing knowledge, or digitally sharing results and feedback. As a result, companies do not get maximum value from third-party suppliers. Nor do they get the unprecedented access to a worldwide network of highly qualified, carefully vetted firms that are members of Globality’s Service Provider Network.“We are very grateful for the opportunity to work with HSBC’s procurement team to advance their vision of a fully automated procurement process that enables their internal stakeholders to source higher quality, lower cost services. HSBC is a leader in creating a vision for the future of procurement, understanding that the legacy systems of paper-intensive RFPs and sole source negotiations do not result in strategic value. Utilizing AI technology and Globality’s “smart sourcing” process will ensure that all HSBC service providers, large or small, win projects in a transparent digital ecosystem where decisions are based solely on the merits of quality, results, costs, and performance,” said Globality Co-founder, Chairman, and CEO Joel Hyatt.Globality’s Platform provides companies with a highly secure and digital way to fully scope projects, engage qualified suppliers, assure pricing and quality competition, effectively evaluate proposals, and make informed sourcing decisions. In addition, using Globality’s Platform significantly accelerates the entire procurement process, enabling far faster speed to market.

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EPIX and AT&T Reach Distribution Agreement

Posted by fidest press agency su venerdì, 10 Maggio 2019

EPIX, the premium TV network owned by Metro Goldwyn Mayer (MGM), and AT&T (NYSE: T) today announced that they have reached a distribution agreement that will make EPIX available on a subscription basis to customers for $5.99 beginning Sunday, May 19th. The network will also be available soon on the streaming service DIRECTV NOW. Terms of the agreement were not disclosed.“We are thrilled to expand our relationship with AT&T and make our growing slate of original programming and Hollywood movies accessible to viewers across the DIRECTV universe,” said Michael Wright, President, EPIX. “It’s an exciting moment of growth for us as we build a brand that delivers a superior customer experience with high-powered, premium original series to a new audience on DIRECTV and DIRECTV NOW.”Added Monty Sarhan, EVP and General Manager, EPIX, “AT&T has been a tremendous partner of ours over the years. We are extremely excited about launching on DIRECTV and expanding EPIX’s availability nationwide. This is an incredibly important platform for us and a truly momentous launch for our network.” “We are pleased to add EPIX to our vast content offering in the premium TV category. With its growing lineup of original programming, EPIX is a great addition for our DIRECTV customers,” said Dan York, Senior Executive Vice President and Chief Content Officer for AT&T.

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Agreement on the first ever multi-annual fisheries management plan in the Western Mediterranean

Posted by fidest press agency su sabato, 2 marzo 2019

The European Parliament and the Council have reached an agreement on the Commission’s proposal establishing a multi-annual plan for fish stocks in the western Mediterranean Sea, covering mainly areas that concern France, Italy and Spain. The agreement will help restore stocks in the region to levels that can ensure social and economic viability for the fishers.
Commissioner for the Environment, Maritime Affairs and Fisheries Karmenu Vella said: “I am happy that an agreement was reached on our proposalSearch for available translations of the preceding link for the Western Mediterranean Sea region presenting a momentous leap forward in delivering concrete EU commitment to restore vital fish stocks and prevent a loss of jobs in sectors that depend on fisheries. The Mediterranean Sea is highly overfished, as we know, and this first multi-annual plan gives the reassurances needed to change the situation for the better – a win-win situation for our fishermen and oceans alike setting the bar for further progress in the Mediterranean.”Around 16,000 jobs depend on the robust stock preservation measures detailed in the plan. The proposal covers demersal fish stocks, i.e. fish that live and feed at the bottom of the seabed. Catches for these stocks have significantly decreased by around 23 % since the early 2000s. At this rate, more than 90 % of the stocks assessed would be overfished by 2025. The agreement reached last night aims to tackle this critical and urgent issue, and bring back demersal fish stocks to sustainable levels, while ensuring long-term profitability for our fishers.Given the worrying situation of the stocks and the date of entering into force of the plan, a five-year transitional period was included in order to progressively decrease fishing mortality towards the target MSY. The main measures of the plan include an EU fishing effort regime for all trawl vessels operating in the western Mediterranean and a 3-month closure area for the protection of juveniles. Recreational fisheries will also play a greater role, with the possibility of setting non-discriminatory limits in the Council and technical measures through Regionalisation. Finally, control measures will fully apply in order to monitor the fishing effort regime. Once formally adopted, this will be the first multi-annual plan at EU level in the Mediterranean Sea. This reflects Commission’s important work and ambition for Mediterranean fisheries.

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Sinovac Determines Trigger Event Occurred Under Rights Agreement

Posted by fidest press agency su martedì, 26 febbraio 2019

Sinovac Biotech Ltd. (NASDAQ: SVA) (“Sinovac” or the “Company”), a leading provider of biopharmaceutical products in China, today announced that its Board of Directors (the “Board”) determined that certain stockholders became “Acquiring Persons,” as defined in the Company’s Rights Agreement (“Rights Agreement”), prior to the Company’s Annual General Meeting held on February 6, 2018 (the “AGM”). As a result, a “Trigger Event” occurred under the Rights Agreement. The Board effectuated the exchange (the “Exchange”) of each preferred share purchase right (the “Rights”) that was valid and outstanding as of the close of trading in the United States on February 22, 2019 for 0.655 of the Company’s common shares (the “Common Shares”) and .345 of the Company’s newly created Series B Convertible Preferred Shares (the “Series B Preferred Shares” and, together, each an “Exchange Share”). The total Exchange Shares to be received by any holder will be rounded up to the nearest whole Common Share and rounded down to the nearest whole Series B Preferred Share. Since the Company is issuing a significant number of new Common Shares and Series B Preferred Shares in the Exchange, shareholders should expect the share price to adjust downwards to reflect the issuance of the Exchange Shares.www.sinovacbio.com

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CoStar Group Announces Agreement with Oxford Economics

Posted by fidest press agency su sabato, 16 febbraio 2019

CoStar Group, Inc. (NASDAQ: CSGP), the leading provider of commercial real estate information, analytics and online marketplaces, announced an expanded agreement with Oxford Economics, the leading global economic advisory firm and provider of economic data, analysis, and forecasts. Oxford Economics will provide CoStar with the economic data and forecasts used in CoStar’s product offerings and commercial real estate forecasting models across the United States, Europe, and Canada.“We have worked with Oxford Economics for nearly a decade in Europe and are pleased that they are now forecasting all US metros, allowing CoStar to have a consistent economic data provider and view across both North America and Europe,” said John Affleck, CoStar’s Vice President of Market Analytics. “Their Global Macro Model is the industry standard for integrated global economic forecasting, and will allow CoStar to produce custom economic scenarios. And, their county- and LAD-level data enables us to include economic effects at a sub-market level in our forecasting models.” Headquartered in Oxford, UK with offices around the world, Oxford Economics employs more than 250 economists and analysts serving leading multinational companies, financial groups, real estate organizations, governments, central banks and academic institutions worldwide. Long regarded as the industry leader in city, regional and other sub-national economic forecasting globally, Oxford Economics recently expanded its US forecasting coverage to include more than 3,500 sub-national economies, spanning all 50 states, 382 metros and 3,142 counties.CoStar’s forecasting model, as seen in CoStar’s market and submarket reports, will be fueled with Oxford Economics metro-level data, a range of economic scenarios beyond the Base Case, including an Upside, Slower Growth, a Recession case, and an Interest Rate Shock scenario.

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US climate policy: one year on from the announcement of Paris Agreement withdrawal

Posted by fidest press agency su giovedì, 31 Maggio 2018

One year ago this week (June 1 2017), President Trump announced the US would withdraw from the Paris Agreement. The Climate Action Tracker has recently updated its assessment of US climate action, and has found the following:Despite efforts by the Trump Administration to roll back climate policies, renewable energy from wind and solar is still developing so fast that the CAT had to revise its projections for US emissions in 2030 downwards by 5%. US emissions projections decrease slightly through the early 2020s and then level off in 2030.
In 2017, fossil fuel-fired electricity generation experienced its steepest year-on-year decline since the 2008 financial crisis, as wind and solar reached record shares in the electricity mix, and 6.3 GW of coal-fired capacity was shut down, despite the Trump Administration’s attempts to boost coal. Current US policies are projected to reduce emissions by 11–13% below 2005 levels by 2025—only half of the reductions in the US’s Paris Agreement pledge.
The CAT rates the US NDC (because of the announced withdrawal from the Paris Agreement) as “Critically Insufficient” and its policies as “Highly Insufficient”
“While continued coal use is still firmly in the sights of the US Administration, the reality on the ground is renewables: there are clear signs from on the ground that renewable energy is taking over due to cost-competitiveness, and is highly likely to continue doing so” – Bill Hare, CEO, Climate Analytics. All eyes remain on the “We Are Still In” campaign where at least 21 States have emissions reduction targets. The full implementation of current recorded and quantifiable non-federal climate commitments could take the US halfway toward meeting its NDC commitments. “If developments on renewables continue as positively as in the past, and new commitments by US states, cities and businesses are implemented, the USA could still meet its Paris commitment,” – Prof. Niklas Höhne, NewClimate Institute.

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