Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 34 n° 316

Posts Tagged ‘giant’

Giant Chinese state investment fund drops coal

Posted by fidest press agency su domenica, 31 marzo 2019

China’s State Development and Investment Corp, a sovereign wealth fund with more than US$200 billion in assets under management, has announced that it will cease investments in coal power in favour of renewable energy. The announcement, made to Chinese reporters and confirmed by the Australian Financial Review, tracks a national policy of attempting to shift the country onto a cleaner energy track to reduce both emissions and air pollution in its major cities.The SDIC’s move brings it in line with other major investors—including banks, investment funds and state bodies, from the Norwegian sovereign wealth fund to the city of New York—who have reduced their exposure or entirely divested from coal and other hydrocarbons. Last September the investment firm Arabella Advisors estimated that investors representing more than US$6 trillion in assets under management had now divested from fossil fuels.

Posted in Economia/Economy/finance/business/technology, Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

UNITE HERE Cautions FDA Over Chinese Pharmaceutical Giant’s Purchase of Stake in GNC

Posted by fidest press agency su sabato, 17 novembre 2018

UNITE HERE has sent a letter to FDA Commissioner Dr. Scott Gottlieb, urging him to investigate the pending acquisition of a significant stake in vitamin store chain GNC by China’s Harbin Pharmaceutical Group. The letter details Harbin’s history of regulatory violations in China.The proposed transaction between Harbin and GNC was announced in February of this year. According to GNC, Harbin will invest $300 million in GNC and create a joint venture for manufacturing, marketing, sale and distribution of GNC-branded products in China. The deal would make Harbin the largest shareholder in GNC.“In China, Harbin has repeatedly been cited or sanctioned by government agencies for problems with its products – no fewer than 6 times since 2015, and three times in 2018 alone,” said Jeff Nelson, Deputy Director of Research at UNITE HERE. “Is it appropriate for a company like this to become the largest shareholder in GNC, which claims to set the standard in the nutritional supplement industry?”In January, a Chinese provincial regulator sanctioned Harbin Pharmaceutical due to the presence of ammonium in certain of its drugs in excess of regulatory limits.Reportedly, this was the second time within six months that Harbin Pharmaceutical and its subsidiaries were sanctioned for this problem.Harbin products which have been cited by Chinese regulators have included gingko pills, Siberian ginseng, and Chinese licorice. According to GNC’s website, the company sells gingko pills, Siberian root, and licorice root.“With this track record, we do not think it is appropriate for Harbin to own a substantial portion of a significant vitamin and supplement retailer in the United States. We urge the FDA to investigate this acquisition,” said Jeff Nelson.A major shareholder of Harbin, CITIC Capital, is part of the larger CITIC Group. CITIC owns one Marriott hotel in China. Viem Kwok, chairman of CITIC Resources Holdings, is the chairman of three companies which own three Marriott hotels in China, including two in Tibet.UNITE HERE represents 270,000 members working in the hotel, gaming, food service, manufacturing, textile, distribution, laundry, transportation, and airport industries in the U.S. and Canada including 17,000 employed by Marriott International. is maintained by the UNITE HERE Research Department.

Posted in Estero/world news | Contrassegnato da tag: , , | Leave a Comment »

26th Biennale des Antiquaires

Posted by fidest press agency su venerdì, 24 febbraio 2012

Paris from the 14 to 23 september 2012 Maison Kraemer – 43 rue de Monceau.Maison Kraemer will present the first solo exhibition devoted to the great cabinet maker Jean-Henri Riesener at the Biennale des Antiquaires. This exhibition, brought in museum fashion and which will later take to the road, marks another brilliant event by Maison Kraemer. Authenticity, beauty, rarity, and originality: such are the key words that have guided Maison Kraemer’s decisions since 1875. For six generations, Maison Kraemer has been developing a tradition of discretion while regularly welcoming art lovers and great interior decorators to its “gallery home”. Not only is Maison Kraemer the oldest Parisian gallery specializing in high-end art objects from the 17th and 18th centuries, it is also the most renowned. Situated in a town house at 43 rue de Monceau, Paris, it attracts the attention of private collectors and great international museums alike. Numerous are those who take a special interest in the work of one of the cabinet makers most often shown at museums the world over: Jean-Henri Riesener. The Louvre, Château de Versailles, the Nissim de Camondo museum, the New York Metropolitan Museum, the Getty Museum in Los Angeles, and the Philadelphia Museum of Art, to name a few, are among the institutions for which the Kraemers have been suppliers or donors. At the Biennale des Antiquaires, the Kraemers have demonstrated an ability to adapt creations from the Age of Enlightenment to contemporary interiors by surprising visitors in 2008 with two giant glass cubes which served as showcases for their furniture; and in 2010 with a recreation of the White House’s Oval Office. (001)

Posted in Cronaca/News, Estero/world news, Recensioni/Reviews | Contrassegnato da tag: , , , | 1 Comment »