Aisa Net http://aisa-net.com/ Mon, 10 Jan 2022 03:16:19 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://aisa-net.com/wp-content/uploads/2021/05/aisa-net-icon-150x150.png Aisa Net http://aisa-net.com/ 32 32 HUTCHMED Launches Phase I Study of BTK Inhibitor HMPL-760 in Previously Treated Non-Hodgkin B-Cell Lymphoma Patients in China https://aisa-net.com/hutchmed-launches-phase-i-study-of-btk-inhibitor-hmpl-760-in-previously-treated-non-hodgkin-b-cell-lymphoma-patients-in-china/ Mon, 10 Jan 2022 00:03:56 +0000 https://aisa-net.com/hutchmed-launches-phase-i-study-of-btk-inhibitor-hmpl-760-in-previously-treated-non-hodgkin-b-cell-lymphoma-patients-in-china/

– HMPL-760 is the eleventh innovative oncology drug candidate discovered internally by HUTCHMED –

– HMPL-760 is HUTCHMED’s fifth candidate in clinical development for hematologic malignancies, including amdizalisib and HMPL-523 which also target the B cell receptor (“BCR”) signaling pathway, as well as tazemetostat and HMPL-306 –

HONG KONG and SHANGHAI and FLORHAM PARK, NJ, January 10, 2022 (GLOBE NEWSWIRE) – HUTCHMED (China) Limited (“HUTCHMED”) (Nasdaq / AIM: HCM; HKEX: 13) has initiated a phase I study in China of HMPL-760, a very potent, selective and reversible inhibitor with a long-lasting commitment against Bruton’s tyrosine kinase (“ BTK ‘), including wild type and C481S mutated BTK. The first patient received their first dose on January 4, 2022.

The clinical study is an open-label, multicenter study to evaluate the safety, tolerability, pharmacokinetics (PK), pharmacodynamics (PD) and preliminary efficacy profile of HMPL-760. The study is recruiting patients with previously treated chronic lymphocytic leukemia / chronic lymphocytic lymphoma (CLL / SLL) or other types of non-Hodgkin lymphoma (“NHL”), including patients treated with a previous regimen containing an inhibitor. BTK, the disease of which carries either wild-type BTK or acquired resistance to first generation BTK inhibitors due to additional BTK mutations.

An initial dose escalation step to determine the maximum tolerated dose (MTD) and / or recommended phase II dose (“RP2D”) is planned, followed by a dose extension phase in which patients will receive HMPL-760 to further assess the safety, tolerability and clinical activity of RP2D. About 100 patients should be included.

HMPL-760 is HUTCHMED’s fifth investigational drug candidate targeting hematologic malignancies in clinical development. Amdizalisib (HMPL-689, targeting the delta isoform of phosphoinositide 3-kinase or PI3K delta) and HMPL-523 (targeting spleen tyrosine kinase or Syk) are also being studied in several phase II trials against B-dominant malignant tumors. Phase II registration studies are underway in China for amdizalisib in patients with follicular lymphoma (FL), for which it has achieved breakthrough therapy designation in China, and marginal zone lymphoma (MZL).

In addition to the three BCR inhibitors, for hematologic malignancies, HUTCHMED is also developing its internally discovered drug candidate HMPL-306, a dual mutant isocitrate dehydrogenase inhibitor 1 and 2, and tazemetostat, a methyltransferase inhibitor. ‘EZH2 (under development in Greater China by HUTCHMED as part of a strategic collaboration with Epizyme).

About BTK and non-Hodgkin lymphoma

BTK is a key component of the B cell receptor signaling pathway and is an important regulator of cell proliferation and cell survival in various lymphomas. Abnormal activation of B-cell receptor signaling is closely linked to the development of hematologic B-cell-type cancers, which account for approximately 85% of all cases of NHL.1 BTK is considered to be a validated target for drugs to treat certain hematologic cancers, however the C481S mutation of BTK is a known resistance mechanism for first and second generation BTK inhibitors. In 2020, it is estimated that around 93,000 new cases of NHL were diagnosed in China.2

About HMPL-760

HMPL-760 is an experimental, highly selective, non-covalent, third-generation inhibitor of BTK, both wild-type and C481S mutant enzymes, with preclinical data suggesting high target specificity and higher potency compared to first generation BTK inhibitors. The BTK C481S mutation plays an important role in resistance to certain BTK inhibitors.3,4

HMPL-760 is HUTCHMED’s eleventh potential innovative oncology drug candidate to enter clinical development. HUTCHMED currently retains all rights to HMPL-760 worldwide.

About HUTCHMED

HUTCHMED (Nasdaq / AIM: HCM; HKEX: 13) is an innovative, commercial-stage biopharmaceutical company. She is engaged in the discovery, development and global commercialization of targeted therapies and immunotherapies for the treatment of cancer and immunological diseases. It has more than 4,500 employees in all of its companies, at the center of which is a team of more than 1,400 people in oncology / immunology. Since its inception, 11 cancer drug candidates have moved from in-house discovery to clinical studies around the world, with its first three oncology drugs now approved and marketed in China. For more information, please visit: www.hutch-med.com or follow us on LinkedIn.

Forward-looking statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect HUTCHMED’s current expectations regarding future events, including its expectations regarding the future. therapeutic potential of HMPL-760, amdizalisib, HMPL-523, HMPL-306 and tazemetostat for patients, his expectations as to whether studies of HMPL-760, amdizalisib, HMPL-523, HMPL-306 and tazemetostat would meet their criteria for primary or secondary evaluation, and their expectations for when to complete and publish the results of those studies. Forward-looking statements involve risks and uncertainties. These risks and uncertainties include, among others, assumptions regarding enrollment rates and the timing and availability of subjects meeting the inclusion and exclusion criteria for a study; changes to clinical protocols or regulatory requirements; unexpected adverse events or safety issues; the ability of HMPL-760, amdizalisib, HMPL-523, HMPL-306 and tazemetostat, including as combination therapy, to meet the primary or secondary endpoint of a study, obtain regulatory approval in different jurisdictions and obtain commercial acceptance after obtaining regulatory approval; the potential market for HMPL-760, amdizalisib, HMPL-523, HMPL-306 and tazemetostat for a targeted indication; the adequacy of funding; and the impact of the COVID-19 pandemic on economic, regulatory and general political conditions. Existing and potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. For more information on these and other risks, see the documents filed by HUTCHMED with the United States Securities and Exchange Commission, the Hong Kong Stock Exchange Limited, and AIM. HUTCHMED assumes no obligation to update or revise any information contained in this press release, whether as a result of new information, future events or circumstances or otherwise.

CONTACTS

Investor surveys

Mark Lee, Senior Vice President

+852 2121 8200

Annie Cheng, vice-president

+1 (973) 567 3786

Media inquiries

Americas – Brad Miles,
Solebury Trout

+1 (917) 570 7340 (Mobile)
bmiles@trutgroup.com

Europe – Ben Atwell / Alex Shaw,
FTI Council

+44 20 3727 1030 / +44 7771 913 902 (Mobile) / +44 7779 545 055 (Mobile)
HUTCHMED@fticonsulting.com

Asia – Zhou Yi,
Brunswick

+852 9783 6894 (mobile)
HUTCHMED@brunswickgroup.com

Appointed advisor

Atholl Tweedie / Freddy Crossley,
Panmure Gordon (UK) Limited

+44 (20) 7886 2500

______________________________

1 American Cancer Society (2019, January 29). Types of B cell lymphoma https://www.cancer.org/cancer/non-hodgkin-lymphoma/about/b-cell-lymphoma.html. Accessed January 5, 2022.
2 Information sheet from the World Cancer Observatory, China. https://gco.iarc.fr/today/data/factsheets/populations/160-china-fact-sheets.pdf. Accessed November 17, 2021.
3 Woyach JA, Ruppert AS, Guinn D, et al. BTKC481S-Ibrutinib-mediated resistance in chronic lymphoid leukemia. J Clin Oncol. 2017; 35 (13): 1437-1443. do I:10.1200 / JCO.2016.70.2282.
4 Woyach JA, Huang Y, Rogers K, et al. Resistance to acalabrutinib in CLL is mediated primarily by BTK mutations. Blood. 2019; 134 (Supplement_1): 504. doi:10.1182 / sang-2019-127674.

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South Korea boosts Nigeria’s solar projects with $ 12.4 million https://aisa-net.com/south-korea-boosts-nigerias-solar-projects-with-12-4-million/ Sun, 09 Jan 2022 10:32:31 +0000 https://aisa-net.com/south-korea-boosts-nigerias-solar-projects-with-12-4-million/

South Korea has allocated $ 12.4 million to finance the installation of solar mini-grids in rural Nigeria.

The project, led by the Korea Institute for Technological Advancement (KIAT), is expected to begin in April 2022.

With its “30:30:30 Vision”, Nigeria hopes to have 30 GW of installed electricity capacity by 2030, of which 30% will come from renewable sources.

In order to achieve full electricity coverage of its territory, the West African country is turning to several development partners such as South Korea, which will allocate in 2022 funding of just over 12.4 million euros. dollars for the installation of solar mini-grids in rural areas.

The initiative is led by the Korea Institute for Technological Advancement (KIAT) and supported by the Korea Ministry of Energy, Korea Polytechnic University, and energy providers S&D Powernics and ILJIN Electrics.

The solar mini-grid project strengthens Nigeria’s plan to accelerate its electrification and will bring the benefits of electricity to unserved people, including improved security and nighttime activity.

For Young-Chae, Ambassador of the Republic of South Korea to Nigeria, the long-term goal is to serve high-demand rural communities with a stable and sustainable electricity solution. “The project will require the installation of transmission and distribution lines, the supply of electrical equipment and systems, and training for operation and maintenance,” he explained.

Nigeria is the most populous country on the African continent with a population estimated by the World Bank at over 206 million inhabitants by 2020. In rural areas, 66% of households still do not have access to electricity .

Since 2020, 3.5 billion dollars in agreements have already been signed with the World Bank, in particular to reduce the indebtedness of operators, fight against fraud and optimize distribution.

The government has launched a partnership with the German group Siemens to modernize the network and audit the entire sector, in order to increase production capacity to 30,000 MW by 2030, against the current 5,500 MW.

In 2019, the European Union granted Nigeria 195 million euros to promote access to electricity for the population, to support companies that invest in the off-grid.

Investment firm All On, funded by Anglo-Dutch oil company Shell, recently invested $ 1 million in Salpha Energy, a Lagos-based company with 350 users, including individuals.

The Nigerian company distributes solar home systems in rural Nigeria.

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Kyogo, Japanese Celtic teammates could raise millions as football finance expert explains benefits of ‘tracking’ https://aisa-net.com/kyogo-japanese-celtic-teammates-could-raise-millions-as-football-finance-expert-explains-benefits-of-tracking/ Sat, 08 Jan 2022 21:37:03 +0000 https://aisa-net.com/kyogo-japanese-celtic-teammates-could-raise-millions-as-football-finance-expert-explains-benefits-of-tracking/

A football finance expert has explained how Celtic’s Japanese contingent could bring in millions for the club.

Reo Hatate, Yosuke Ideguchi and Daize Maeda joined Kyogo Furuhashi at Parkhead this week after becoming the latest J-League Angel Postecogloou captures.

While the quarter will be primarily judged by their performances on the pitch, Dr Rob Wilson believes they could generate an increase in income off the pitch as well after signing for the Hoops.

Wilson, a football finance expert at Sheffield Hallam University, expects a rapid increase in the number of Japanese fans who are keenly interested in Celtic’s fortunes following their recruitment.

Shunsuke Nakamura sparked enormous interest in his homeland when he helped Parkhead Club succeed in the mid-2000s.

And Wilson believes the club could see that quadruple with increased demand for Premiership matches being broadcast live in Asia to follow the fortunes of Kyogo, Maeda, Idegushi and Hatate.

“There is a tangible advantage for Scottish football, not just for Celtic, because you will see the demand for broadcast rights increase in Japan because they will want to see these players play,” he told the Scottish Sun .

“This will be of interest to the Japanese broadcast market at large.

“When these players move, especially to a club, it creates an increase in ‘follow-up’ and demand for the team’s products.

“For Celtic this will open up a new market and provide an important source of income to support the club’s income. I would say it would be in the millions of pounds.

“There will be a huge attraction for Celtic. “

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RIP Janos Kornai, who called for vigilance against China https://aisa-net.com/rip-janos-kornai-who-called-for-vigilance-against-china/ Sat, 08 Jan 2022 07:00:00 +0000 https://aisa-net.com/rip-janos-kornai-who-called-for-vigilance-against-china/

Janos Kornai, a Hungarian economist who laid the theoretical foundations for the end of the Cold War, has died at the age of 93.

Among his notable works, “Anti-Equilibrium” published in 1971 and “Economics of Shortage” in 1980 attracted so much attention that intellectuals from the Soviet Union and the Eastern European bloc in financial difficulty under the socialist system wondered if they were reading any of Kornai’s works. titles during the East-West impasse.

Kornai’s focus on a planned economy with structural flaws served as a driving force for the change that saw the Berlin Wall demolished and the Soviet Union disintegrate.

The concept of “soft budget constraint” used by Kornai to explain the fundamental problems of socialist economies is still used by academics today.

Kornai argued that SOEs tend to be erratic and reckless in the way they do business because they know they can continue to operate even when the alarm bells ring about balloon spending, losses. and other market signals.

The concept has proven useful in analyzing Japan’s financial crisis triggered by the so-called Ministry of Finance’s convoy system, under which extraordinary measures were taken to protect weak companies from collapse.

Kornali was born into a Jewish family in 1928 in Budapest. Her father perished in the Holocaust after being transported by the Nazis from Hungary to the Auschwitz concentration camp in occupied Poland. Young Kornai escaped from a labor camp to survive the war.

After the end of World War II, Kornai worked as a journalist for the flagship newspaper of the Communist Party in Hungary. He then embarked on a career as a researcher. No sooner had he done so than the Hungarian Revolution of 1956 broke out.

The event made Kornai a critic of Marxism. He endured many hardships living under the surveillance of the secret police, but lived to see his homeland shift to democracy and a market economy.

In the 1980s, Kornai began teaching at Harvard University in the United States, while continuing to work in Hungary. Traveling frequently between East and West, Kornai studied society, politics and economics as one concept without separating them.

When Kornai visited China at Beijing’s invitation in the mid-1980s, his economic theory had a huge impact on reformist bureaucrats and intellectuals seeking to introduce a market economy.

For this reason, Kornai has never tried to hide his disappointment with President Xi Jinping’s administration, describing it as an increasingly authoritarian monster.

Calling for vigilance, Kornai pointed out to me in an interview that states overreact by concentrating authority.

Tsuneo Morita, who lives in Budapest and has translated some of Kornai’s texts publications, describes what Kornai was like.

“He (Kornai) didn’t like nationalism and kept his distance from the current authoritarian Hungarian administration headed by Viktor Orban,” Morita said.

Kornai passed away on October 18. The cause of death has not been disclosed. A farewell ceremony was held by his relatives as well as academics and musicians in the United States, China and elsewhere close to him.

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The POSCO group will participate in CES 2022, the world’s largest exhibition of IT and electronics convergence. https://aisa-net.com/the-posco-group-will-participate-in-ces-2022-the-worlds-largest-exhibition-of-it-and-electronics-convergence/ Fri, 07 Jan 2022 16:30:00 +0000 https://aisa-net.com/the-posco-group-will-participate-in-ces-2022-the-worlds-largest-exhibition-of-it-and-electronics-convergence/

LAS VEGAS, January 7, 2022 / PRNewswire / – The POSCO Group will present the “POSCO Venture Platform” to learn about and invest in the group’s future growth activities at CES 2022, to be held in Las Vegas for 3 days from January 5and set up a showroom in collaboration with promising companies that have been discovered and are growing through POSCO Venture Platform.

Check out the interactive multimedia press release here: https://www.multivu.com/players/English/9000151-posco-group-ces-2022/

POSCO ENTERPRISE PLATFORM

Consumer Electronics Show (CES) is the world’s largest digital high-tech show, and approximately 2,100 companies from 159 countries will participate online and offline at CES 2022. As it will be open as an offline exhibition for the first time in two years due to the influence of COVID-19, the world is careful to take advantage of future new technologies and trends in one place.

The POSCO Group will jointly create exhibition halls with POSTECH and * RIST to introduce a venture capital platform using POSCO’s industry, academia and research infrastructure, and organize information sessions for 13 venture capital firms, including six POSCO promoting venture capital firms, two POSCO International promoting venture capital firms, and five POSTECH venture capital firms.

* RIST (Industrial Science and Technology Research Institute, Pohang Industrial Science and Technology Institute)

In particular, Graphene Square, which moved its headquarters to Pohang in October 2021 and built a mass production system of graphene called “New Material of Dreams”, with POSCO, POSTECH, RIST and Pohang City, will also participate in the exhibition to showcase the technology of mass production of graphene. RIST plans to introduce mobile platform technologies that can prevent fire hazards in advance, such as artificial intelligence-based fire monitoring autonomous driving robots.

POSCO builds a sustainable business ecosystem by creating a business valley based on its own system of industry-university-research cooperation and leading $ 1 billion venture capital investments through venture capital funds. In particular, POSCO actively supports the commercialization of venture capital companies, from the incubation of start-ups to product development and market development, and opens a “Change-Up Ground” in Pohang in July 2021, Following Seoul subsidiary created in 2020, to build a solid base allowing risk companies to use Korea’s best scientific and technological infrastructure.

Last month, POSCO set up a venue to shed light on the efforts and achievements of * IMP over the past 10 years and proclaimed a “Good To Great” vision that includes POSCO’s desire to revitalize the startup ecosystem. for the next 10 years.

* IMP: Idea Market Place (program to accelerate the growth of the POSCO group)

Meanwhile, POSCO’s venture capital firms “Pet Now” and “AI FOR PET” have drawn attention as they were each selected for “Best Innovation Award” and “Innovation Award” by the Consumer Technology Association. (CTA) organized by CES.

* Pet Now: development of a pet identification platform based on artificial intelligence.

** AI FOR PET: Development of a pet health diagnostic platform based on artificial intelligence.

POSCO ADVENTURE VALLEY

POSCO ADVENTURE VALLEY

Cision

Cision

View original content: https://www.prnewswire.com/news-releases/posco-group-will-participate-in-ces-2022-the-worlds-largest-it-and-electronics-convergence-exhibition-301456324 . html

POSCO SOURCE

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Potassium Chloride Market 2022: Prices Rise 50% After Sanctions Against Belarus https://aisa-net.com/potassium-chloride-market-2022-prices-rise-50-after-sanctions-against-belarus/ Fri, 07 Jan 2022 14:00:00 +0000 https://aisa-net.com/potassium-chloride-market-2022-prices-rise-50-after-sanctions-against-belarus/

A prolonged price hike is expected in the global potassium chloride (POM) market due to expected supply chain disruptions after the US, UK, Canada and EU countries imposed sanctions on a major supplier, Belarus Potash Company (BPC). Another factor in the price growth will be Canada’s limited exports. MOP prices have already started to increase in Brazil due to supply delays.

LOS ANGELES, Jan. 7, 2022 (GLOBE NEWSWIRE) – According to a recent report by market research firm IndexBox, the average annual price of MOP is expected to rise 50% year-on-year to nearly $ 325 per tonne in 2022, based on a World Bank forecast. Sanctions against the Belarus Potash Company (BPC) imposed by the US, UK, Canada and the EU could lead to global supply chain disruptions. Combined with limited production in Canada, the world’s largest supplier of potassium chloride, this can cause local shortages in consuming countries and drive up prices. World Bank data indicates that the average price of MOP was $ 221 per tonne in November 2021.

Supply delays hit Brazil hardest, pushing spot prices for potassium chloride to $ 825 per tonne in the first week of November 2021. Shipments from Canada, Russia and the United States Belarus constitute 84% of the volume of Brazilian imports of MOP.

Under pressure from sanctions, Belarus is redirecting its export flows to countries in Asia and South America, dramatically increasing the supply of MOPs from China, Thailand, Korea, Malaysia and from Argentina. Belarus occupies third place in the ranking of the main exporters of potassium chloride, after Canada and Russia.

Main exporters of MOPs in the world

Canada was the main exporting country with an export of around 21 million tonnes, which finished at 42% of total exports. Russia (9.2 million tonnes) was second in the ranking, followed by Belarus (7.7 million tonnes), Germany (3.4 million tonnes) and Israel (3.3 million tonnes). All these countries together occupied approx. 47% share of total exports. Jordan (2 million tonnes) and the United States (1.2 million tonnes) took a minor percentage of total exports.

In terms of value, Canada ($ 4.5 billion) remains the world’s largest supplier of potassium chloride, accounting for 37% of global exports. The second place in the ranking was occupied by Belarus ($ 1.9 billion), with a 16% share of world exports. It was followed by Russia, with a share of 14%.

Main importers of MOPs in the world

The United States (12 million tonnes), Brazil (11 million tonnes) and China (8.8 million tonnes) accounted for about 58% of total potassium chloride (MOP) imports in 2020. India (5.1 million tonnes) had a 9.3% share (tonnes basis) of total imports, placing it in second place, followed by Indonesia (5.2%). The following importers – Malaysia (1.3 million tonnes), Belgium (1.1 million tonnes), Vietnam (1.1 million tonnes) and Poland (1 million tonnes) – each finished at a share of 8 , 1% of total imports.

In terms of value, Brazil ($ 2.8 billion), the United States ($ 2.5 billion) and China ($ 2.1 billion) appeared to be the countries with the lowest import levels. higher in 2020, together accounting for 55% of world imports. India, Indonesia, Malaysia, Belgium, Vietnam and Poland lag somewhat behind, accounting for an additional 23%.

About IndexBox

IndexBox is a market research company that develops an AI-powered market intelligence platform that helps business analysts find actionable insights and make data-driven decisions. The platform provides data on the consumption, production, trade and prices of more than 10,000 different products in 200 countries.

For more information, please visit

Website https://www.indexbox.io

Twitter https://twitter.com/indexbox

YouTube https://www.youtube.com/IndexBox

LinkedIn https://www.linkedin.com/company/indexbox-marketing/

Companies mentioned in the report. Potassium Chloride Manufacturers

Belarus Potash Company, Aarti Industries, Israel Chemicals, Uralkali, Cargill, Agrium, JSC Belaruskali, PotashCorp, Jiangsu Kolod, Nanchang BASF, Surya Fine Chem, Bostick & Sullivan, KS Kali GmbH, Mark-Chem, Heena Pharm, K + S Group , AKSELL, Mayur Chemical Industries, Lianyungang Hengsheng, Shaanxi Top Pharm, Superior Supplement Manufacturing, Superior Supplement Manufacturing, Tricura Gmbh & Co., Aurepio, Calmags Gmbh, Compag Handels Gmbh, Jäklechemie Gmbh & Co., Donauchem Gmbh, Prochem.

Sources

Global Potassium Chloride (POM) Market Analysis, Forecast, Size, Trends and Information

World – Crude Potash Salts (K2O Content) – Market Analysis, Forecast, Size, Trends and Information

World – NPK Fertilizers – Market Analysis, Forecast, Size, Trends and Information

World – Potassium Fertilizers (Minerals and Chemicals) – Market Analysis, Forecast, Size, Trends and Information

EU – Potassium Chloride (POM) – Market Analysis, Forecast, Size, Trends and Information

CONTACT: Contact Information Mekhrona Dzhuraeva Editor media@indexbox.io


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Live News: Eurozone inflation hits record 5% https://aisa-net.com/live-news-eurozone-inflation-hits-record-5/ Fri, 07 Jan 2022 10:48:12 +0000 https://aisa-net.com/live-news-eurozone-inflation-hits-record-5/

Britain’s richest 10% own nearly half of all the country’s wealth, according to pre-pandemic data, even as inequality has remained stable for the 14 years leading up to March 2020.

A tenth of households held 43% between April 2018 and March 2020, data from the Office for National Statistics showed on Friday, which revealed huge differences between income groups, ages and regions.

In contrast, the bottom half of the population held 9 percent. Wealth inequalities measured by the Gini coefficient, however, remained stable over the 14-year period, the ONS announced on Friday.

The figures are the most comprehensive set of data on the distribution of wealth, but exclude the period of the pandemic, when total wealth, separate data from the ONS showed.

The richest 1% of households hold more than £ 3.6million, compared to £ 15,400 or less for the bottom 10%.

There were striking differences in age, with the median wealth of those aged 55 below the statutory retirement age being around 25 times that of those aged 16 to 24.

The upper region was the South East, which has seen one of the fastest increases in average wealth since 2006. Its median wealth of £ 503,400 was about three times that of the North East, at £ 168,500. , the region with the lowest wealth. .

London has an average of £ 340,300, reflecting the lowest home ownership rate in the country, low participation in private pensions and declining median wealth in the last period. Still, he owns 15 percent of the wealth, possibly due to his higher real estate values.

The Gini coefficients, which measure inequalities, showed that London was the region with the most unequal distribution.

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Global Metal Recycling Equipment Market (2021-2028) https://aisa-net.com/global-metal-recycling-equipment-market-2021-2028/ Thu, 06 Jan 2022 21:15:00 +0000 https://aisa-net.com/global-metal-recycling-equipment-market-2021-2028/

DUBLIN, January 6, 2022 / PRNewswire / – The report “Metal Recycling Equipment Market Size, Share and Trend Analysis Report by Equipment (Baler, Mill, Granulator, Shear, Separator), Region and Forecast segment, 2021-2028 ”has been added to ResearchAndMarkets.com offer.

Research and Markets logo

The global metal recycling equipment market size is expected to reach $ 9.93 billion by 2028. It is expected to increase at a CAGR of 6.1% from 2021 to 2028.

The growing demand for recycled metals from various end-use industries, coupled with the increasing production of scrap metal globally, is expected to drive the demand for metal recycling equipment.

The demand for recycled metals is growing rapidly from the construction, automotive, electronics, food and beverage sectors due to the product’s environmental friendliness and its ability to help reduce emissions, energy consumption and production cost, thereby increasing the demand for metal recycling equipment in the years to come.

Growing concerns about the depletion of non-renewable resources, coupled with the high cost of manufacturing primary metals, have increased the demand for metal recycling in various end-use industries. In addition, in various developing countries, the government is focusing on improving recycling infrastructure, thereby increasing the demand for equipment.

The emergence of modern technologies has proven to be effective in terms of identifying different types of metals, especially ferrous. The growing demand for scrap metal has forced the scrap yards to install technologically advanced and sophisticated recycling equipment, thus fueling the growth of the market.

Highlights of the Metal Recycling Equipment Market Report

  • By equipment, the baler accounted for the largest revenue share of over 20.0% in 2020 due to the implementation of regulatory frameworks and growing investments in metal recycling services, which led to companies to strengthen their metal recycling capacities.

  • The separation equipment segment accounted for the second largest revenue share in 2020 due to the growth of electronic waste coupled with the increasing attention of market players on recycling, disposal and reuse of metals to ensure safe durability

  • The grinding equipment segment is expected to grow at the fastest CAGR of 6.8% from 2021 to 2028 owing to the benefits of recycling, such as inducing manufacturers to opt for secondary metal production processes for profitable and environmentally friendly manufacturing.

  • Asia Pacific dominated the market and accounted for over 40.0% share of global turnover in 2020. This is due to the growth of industrial construction and infrastructure activities in emerging countries, such as India, Vietnam, Thailand, and Malaysia

Main topics covered:

Chapter 1. Methodology and scope

Chapter 2. Executive summary

Chapter 3. Metals Recycling Equipment Market Variables, Trends and Scope
3.1. Market segmentation and scope
3.2. Mapping of penetration and growth prospects
3.3. Industry value chain analysis
3.4. Regulatory framework
3.5. Metal Recycling Equipment Market – Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Analysis of market restrictions
3.5.3. Industry challenges
3.6. Business Environment Analysis: Metal Recycling Equipment Market
3.6.1. Industry Analysis – Porter’s
3.6.1.1. Supplier power
3.6.1.2. Purchasing power
3.6.1.3. Threat of substitution
3.6.1.4. Threat of new entrants
3.6.1.5. Competitive Rivalry
3.6.2. PESTEL analysis
3.6.2.1. The political landscape
3.6.2.2. Environmental landscape
3.6.2.3. Social landscape
3.6.2.4. Technological landscape
3.6.2.5. Economic landscape
3.6.2.6. Legal landscape

Chapter 4. Impact assessment of COVID-19

Chapter 5. Metal Recycling Equipment Market: Equipment Estimates and Trend Analysis
5.1. Metal Recycling Equipment Market: Analysis of Equipment Movement, 2020 and 2028
5.2. Baler
5.2.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.3. Crushers
5.3.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.4. Granulators
5.4.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.5. Shears
5.5.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.6. Separators
5.6.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)
5.7. Others
5.7.1. Market Estimates & Forecasts, 2017 – 2028 (USD Million)

Chapter 6. Metal Recycling Equipment Market: Regional Estimates and Trend Analysis

Chapter 7. Metal Recycling Equipment Market: Competitive Analysis
7.1. Key players, recent developments and their impact on the industry
7.2. Categorization of key companies / competitions
7.3. Supplier landscape
7.4. Competitive dashboard analysis
7.5. Public enterprises
7.5.1. Analysis of the company’s position on the market
7.6. Private companies
7.6.1. List of the main emerging companies and their geographical presence

Chapter 8. Company Profiles
8.1. Kiverco
8.1.1. Company presentation
8.1.2. Financial performance
8.1.3. Comparative analysis of products
8.1.4. Strategic initiatives
8.2. General Kinematics Society
8.2.1. Company presentation
8.2.2. Financial performance
8.2.3. Comparative analysis of products
8.2.4. Strategic initiatives
8.3. Marathon equipment
8.3.1. Company presentation
8.3.2. Financial performance
8.3.3. Comparative analysis of products
8.3.4. Strategic initiatives
8.4. American Baler Company
8.4.1. Company presentation
8.4.2. Financial performance
8.4.3. Comparative analysis of products
8.4.4. Strategic initiatives
8.5. Danieli Centro Recycling
8.5.1. Company presentation
8.5.2. Financial performance
8.5.3. Comparative analysis of products
8.5.4. Strategic initiatives
8.6. Recycling systems Forrec Srl
8.6.1. Company presentation
8.6.2. Financial performance
8.6.3. Comparative analysis of products
8.6.4. Strategic initiatives
8.7. BHS Sonthofen
8.7.1. Company presentation
8.7.2. Financial performance
8.7.3. Comparative analysis of products
8.7.4. Strategic initiatives
8.8. Metso Corporation
8.8.1. Company presentation
8.8.2. Financial performance
8.8.3. Comparative analysis of products
8.8.4. Strategic initiatives
8.9. Recyclage JMC Ltée
8.9.1. Company presentation
8.9.2. Financial performance
8.9.3. Comparative analysis of products
8.9.4. Strategic initiatives
8.10. THE STRONG
8.10.1. Company presentation
8.10.2. Financial performance
8.10.3. Comparative analysis of products
8.10.4. Strategic initiatives
8.11. CP Fabrication, Inc.
8.11.1. Company presentation
8.11.2. Financial performance
8.11.3. Comparative analysis of products
8.11.4. Strategic initiatives
8.12. Manufacture of recycling equipment
8.12.1. Company presentation
8.12.2. Financial performance
8.12.3. Comparative analysis of products
8.12.4. Strategic initiatives
8.13. Eldan Recycling A / S
8.13.1. Company presentation
8.13.2. Financial performance
8.13.3. Comparative analysis of products
8.13.4. Strategic initiatives
8.14. MHM recycling equipment
8.14.1. Company presentation
8.14.2. Financial performance
8.14.3. Comparative analysis of products
8.14.4. Strategic initiatives
8.15. Ceco Equipment Ltée
8.15.1. Company presentation
8.15.2. Financial performance
8.15.3. Comparative analysis of products
8.15.4. Strategic initiatives

For more information on this report, visit https://www.researchandmarkets.com/r/1537zk

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Chinese developer Shimao defaults on fiat loan https://aisa-net.com/chinese-developer-shimao-defaults-on-fiat-loan/ Thu, 06 Jan 2022 10:52:30 +0000 https://aisa-net.com/chinese-developer-shimao-defaults-on-fiat-loan/

SHANGHAI / HONG KONG (Reuters) – Chinese developer Shimao Group defaulted on a loan after missing a payment of 645 million yuan ($ 101 million), the lender said in a letter seen by Reuters on Thursday in the last sign of distress in China’s property sector.

China Credit Trust Co said in the letter, confirmed by two sources familiar with the matter, that 755 million yuan of the trust loan had been repaid. However, the absence of the remaining payment meant that the loan was now in default, he added in the letter to investors on the loan.

Shimao and China Credit Trust Co did not respond to requests for comment.

Separately, its smaller rival, Guangzhou R&F Properties, said it did not have sufficient funds to buy back a $ 725 million bond because sales of its assets did not go as planned.

Chinese developers face unprecedented liquidity shortage due to years of regulatory restrictions on borrowing, sparking a spate of overseas defaults, rating downgrades and sales of stocks and bonds developers.

The offshore default last month by China Evergrande Group, the world’s most indebted developer with more than $ 300 billion in liabilities, exacerbated a debt crisis that threatens the world’s second-largest economy.

Shimao had already seen a sharp drop in its shares and debt in December, sparked by concerns over an asset sale and the cancellation of apartment deals.

For R&F, he said on Wednesday in a filing that the funds available to settle his takeover bid for an offshore bond were significantly lower than the $ 300 million he had previously expected, due to continued volatility in the market. real estate sector.

Last month, R&F offered two takeover bid options to holders of 5.75% bonds, while seeking their consent to extend by six months the maturity of the bond due January 13.

The options redeemed the Notes at a 17% discount, or $ 830 for every $ 1,000 in principal; or by redeeming at most half of the warrants in full, both with accrued interest.

R&F said on the record that 71.7% of bondholders bid for the first option and 24.2% for the second – but added that it expected to have “significantly less” than the 300. million dollars previously planned to buy back the bonds.

“The proceeds from certain asset sales contemplated by the group may not materialize on the settlement date,” he said, adding that the settlement date had been postponed two days to around January 12.

In last month’s document, R&F said it would accept tickets offered on a pro rata basis, and that any tickets not accepted for purchase would be returned to bondholders. Holders who deposited would also be deemed to have approved the extension of the term.

As of 09:35 GMT, the bond was trading at 56.5 cents to the dollar, compared to 66.5 overnight, according to data from Duration Finance. R & F’s other international bonds also fell.

Shimao’s bond due July 2022 dipped to 47.625 from 70.6.

Ashore, most of the two developers’ yuan bonds also fell, with the Shimao bond due in September 2022 dropping 11%.

Hong Kong-listed shares of Shimao closed 5.2% lower. R&F shares gained 2.3%.

($ 1 = 6.3753 yuan Chinese renminbi)

(Report by Jason Xue, Steven Bian and Ma Rong in Shanghai, Clare Jim in Hong Kong, edited by Jacqueline Wong and Mark Potter)

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Nuclear and natural gas taxonomy battles brewing in Europe and South Korea https://aisa-net.com/nuclear-and-natural-gas-taxonomy-battles-brewing-in-europe-and-south-korea/ Wed, 05 Jan 2022 14:19:28 +0000 https://aisa-net.com/nuclear-and-natural-gas-taxonomy-battles-brewing-in-europe-and-south-korea/

A project to leak the European Commission’s proposal to qualify certain natural gas and nuclear power plants as “transitional” or “green” investments has caused some members of the European Union (EU) to retreat. Critics are also mounting in South Korea, where liquefied natural gas (LNG) has been included in its new green taxonomy guidelines, but nuclear has been left out.

Battles around “green” taxonomy are mobilizing given their potentially significant influence on green finance. A taxonomy is essentially a document, usually binding, that serves to define factual and scientific views on the sustainability of an asset class. In other words, it creates a “common language” that investors can use to determine what sustainable economic projects and activities the market needs to meet climate and environmental goals.

In the EU, for example, taxonomy regulation is designed to encourage the allocation of capital to companies’ environmental objectives over the next 30 years until 2050. But the taxonomy could also apply to public funding, for example by designating projects that may be eligible for certain public funding. In the meantime, companies around the world are also voluntarily relying on these “green lists” in environmental, social and governance (ESG) criteria, which are integrated into sustainability and transition strategies.

EU considers inclusion of gas and nuclear

In Europe, the taxonomy debate intensified on January 1, after the The European Commission has announced it had started consultations with Member States on a draft text of a “Additional Delegated Taxonomy ”which includes certain gas and nuclear activities. The “complementary” act, which the Commission plans to adopt formally in January 2022, follows on from the of the EU Delegated taxonomic act adopted in 2021. The first part qualified several electricity-producing sectors in its technical selection criteria but delayed controversial decisions on gas and nuclear in order to allow more time for technical assessments and public feedback.

According to several media outlets which this week received a leaked version of the Commission proposal, the Board of directors seeks to label nuclear power and some gas investments as green. Nuclear power plants must have a a plan, funds and site to safely dispose of radioactive waste, and new nuclear power plants are to receive building permits before 2045, EURActiv suggested.

Reuters reported that investments in natural gas power plants would also be “considered green” if they produce emissions of less than 270 grams of CO2 equivalent per kWh, replace a more polluting fossil fuel plant, obtain a building permit by December 31, 2030, and consider switching to low-carbon gases by the end of 2035.

The taxonomy proposal echoes in particular the proposed rules and guidelines unveiled by the European Commission on December 15 which seek to create the conditions for a switch from fossil natural gas to renewable and low-carbon gases, mainly biomethane and hydrogen. The Commission’s carbon-free gas initiatives could establish a market for hydrogen, including its trade and infrastructure, in two phases, before and after 2030. In this set of proposals, the European Commission has defined renewable gases as gases produced from biomass and hydrogen produced from renewable sources. He defines “low carbon” gases as gases that produce “at least 70% less greenhouse gas emissions than fossil natural gas throughout their life cycle.

Gross electricity production of the 27 members of the European Union by fuel from 1990 to 2019 in TWh. Source: EU Statistical pocketbook 2021.

The EU’s taxonomic proposal has the backing of France, which derives around 70% of its electricity from nuclear power, as well as the Czech Republic and Finland. Slovakia also well received Proposal. Austria, however, reportedly has already ordered a legal opinion on the inclusion of nuclear energy in taxonomy. Political opinion in Germany, which closed three of its last six nuclear power plants on December 31, is said to be divided within the new German coalition government.

FORATOM, the European nuclear trade organization, welcomed the proposal on Tuesday, although it said the industry was still reviewing “the terms of this leaked text in order to identify its impact on the sector.” He added : “Nevertheless, we do not believe that #nuclear should be treated as a bridging technology as it clearly contributes to climate change mitigation goals and does not cause more damage than any other power generation technology already considered taxonomically compliant.

ETN Global, an association of gas turbine technology members, in a letter of December 22 to the European Commission welcomed the recent legislative package on carbon-free gas, but urged caution about initiatives that could hamper technological investments.

The role of EU taxonomy is decisive here: initial CO too tight2 the limits imposed on cogeneration plants and gas-fired power plants will not only make it more difficult and more expensive to finance the energy transition, but will also penalize companies in the financial markets that wish to secure the transition ”, declared the organization. . “To support and accelerate the transformation of the energy sector in Europe, it is crucial that factories, which respect a gradual reduction of emissions over time (sunset clause), are classified as aligned with the taxonomy of EU in the next complementary delegated act.

South Korea includes LNG in Green List guidelines

In South Korea, the guidelines published on December 30 by the Ministry of the Environment on “K taxonomy” excluded nuclear energy. but includes LNG. The guidelines, which the ministry said have been prepared with technical consultation and public comment over two years, will promote green finance, support the flow of private and public finance to green projects and technologies, and “prevent damage caused by greenwashing, such as excessive and false information “.

In addition to the inclusion of renewable technologies, including solar power and solar heat, the guidelines state that LNG power plants and plants that use “mixed gas” including LNG and biogas, hydrogen, ammonia or gas by-product will be considered “low carbon.” Until at least 2030. The guidelines will temporarily support LNG power plants with greenhouse gas emissions of less than 340 grams of CO2 equivalent / kWh based on design specifications. They also include gas plants that plan to reduce their intensity to achieve, over their “average design life”, 250 grams of CO.2 equivalent / kWh. Taxonomy K also includes carbon neutral fuel, carbon capture, use and storage (CCUS) technology. Blue hydrogen will be included until at least 2030.

that of South Korea 9e The Basic Long-Term Electricity Plan (BPLE) provides for an increase in the share of new and renewable energy production—7.4% today to 20% in 2030 and 30 to 35% in 2040. While the country is increasing its share of renewable energies, it anticipates a reduction in the share of nuclear power and a ban on new coal-fired production.

A Report published in September 2021 jointly drafted by the International Energy Agency (IEA) and the Korea Institute of Energy Economics at the request of the Ministry of Trade, Industry and Energy suggests South Korea will need to increase flexibility requirements as its distributable output share drops from 94% to 79% by 2030. The 9th BPLE, in particular, plans to convert a large part of its current coal production to liquefied natural gas. “Of the coal-fired power plants over 30 years old, 30 are already approaching retirement age, but 24 of them (12.7 GW) are expected to be replaced by new ones. [combined cycle gas turbine] plants, ”the report says.

Evolution of installed capacity and generation, according to South Korea’s 9th Long-Term Electricity Base Plan. Courtesy: OUCH/Korea Electrical Safety Review (2021)

Backlash against the K-Taxonomy measure has intensified since the country released its draft green taxonomy guidelines in November. The obvious dichotomy here is that the recognition of gas and LNG as an environmentally sustainable ‘transition’ fuel will likely lock South Korea into a high-emission future, which directly contradicts policy and market incentives. created by President Moon’s new emission reduction targets ”, VShristina Ng, head of research and stakeholder engagement at Institute of Energy Economics and Financial Analysis (IEEFA) written in a blog post. “This means that new relentless LNG power projects, of which around 10 gigawatts are expected to flood South Korea’s energy market by 2025, could benefit from green bond financing and loans if the K-Taxonomy project is finalized without change. “

Ng suggested that South Korea’s inclusion of LNG in its taxonomy echoes efforts by other Asian countries. China, which is the region’s largest green debt market, has however recognized “the importance of a truly green taxonomy,” she noted. In mid-2021, “China phased out fossil fuel projects and the new catalog of projects approved by green bonds – its equivalent green taxonomy – is now exclude gas, LNG and coal related activities, ”she said.

Sonal Patel is a senior associate editor of POWER (@sonalcpatel, @POWERmagazine).

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