JPM Urges a Pragmatic Approach to Energy Transition
JPMorgan’s Perspective on Energy Transition
JPMorgan recently emphasized the importance of a “reality check” regarding the global energy transition goals and pathways. The UAE’s energy minister, Suhail Al Mazrouei, expressed agreement with this viewpoint during an interview with CNBC in Riyadh, Saudi Arabia.
Challenges in Energy Transition
In a note to clients, JPMorgan highlighted the need for a realistic assessment of the transition from fossil fuels to renewables. The report pointed out that achieving net-zero targets could span across generations. Factors such as higher interest rates, inflation, and geopolitical conflicts in regions like Ukraine and the Middle East are hindering efforts to reduce reliance on fossil fuels.
Al Mazrouei commended the a
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Athens among the top shipping centers
Thanks to the world-leading presence of the Greek fleet, Athens is once again included in the world’s leading maritime centers according to the survey “The Leading Maritime Cities Of The World 2o24” (LMC) published by Menon Economics and the classification society DNV. The first three positions in the overall ranking of major shipping centers are held by Singapore, Athens and Tokyo. This is a ranking similar to the 2022 edition with the only exception that Singapore moves to first place and Athens to second place.
Advantages
A detailed look at the report highlights the advantages and disadvantages of Athens compared to the rest of the international shipping centers and especially Singapore and Dubai which is the new rising “destination” for shipping companies. Athens lost the lead, although as the report states it is “by far the city with the largest fleet in the world”. From 2022, both Athens fleet ownership and ship management have increased by around 10% in terms of tonnage. The city’s stre
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https://www.worldysnews.com/athens-among-the-top-shipping-centers/
End clap for the Livestock Fair
| The last day of Fepa saw a considerable number of visitors. |
Once upon a fair… The curtain falls on the 16th edition of the Livestock and Animal Production Fair (Fepa). It was held, like every year, in Nanisana among Malagasy livestock professionals. Nearly twenty-two thousand visitors visited the site during the four days during which this meeting of stakeholders in the livestock sector was held. For many of them, holding this event allowed them to discover a booming industry. Some, already attracted by professional breeding, are already planning to enroll in training. “There was a time when I wanted to be a beekeeper, but with the force of things and the lack of training,
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PUBLIC TRANSPORT – The State wants to modernize taxis
| The capital’s taxis are, for the most part, vehicles in poor condition. |
The project to modernize Antananarivo taxis has not completely fallen through. It even emerges from the Greater Antananarivo Urban Mobility Forum that this project still appears in the State program. Valéry Ramonjavelo, Minister of Transport, confirms this. At the Ivato International Conference Center, the government member insisted on the fact that the State still intended to “find solutions to provide financing to help transporters renew their vehicles”. The majority of buses in the capital date
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Campos Neto, IGP-M, Casas Bahia and meeting Lula and Haddad: transfer highlights
This Monday FGV will release the April IGP-M, with an expected increase of 0.03% in Bradesco’s monthly comparison.
Meanwhile, Roberto Campos Neto, president of the Central Bank, will speak at the Insper event, starting at 6.30 pm. As regards political current affairs, Lula will meet Labor Minister Luiz Marinho at 10am and Finance Minister Fernando Haddad at 5pm.
In the corporate field, Casas Bahia announced last Sunday that it had concluded an out-of-court recovery agreement with its main creditors, Banco do Brasil and Bradesco, to re-propose debts of 4.1 billion reais. The retailer will hold a video conference this morning to provide more details on the deal.
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1.World trade
United States of America
US futures indexes are trading higher at the start of a week marked by US monetary policy, with the Fed set to release its latest interest rate decision on Wednesday. Although the Central Bank is expected to hold interest rates, investors will continue to closely monitor the post-announcement press conference with Chairman Jerome Powell.
Earnings season continues this week with launches from big names including McDonald’s, Coca Cola, Apple and Amazon.
Find out how futures markets behave:
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Dow Jones Futures: +0.12%
Future S&P 500: +0.16%
Nasdaq Futures: +0.24%
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Asia
Asian markets closed broadly higher after Wall Street closed in the green last week and developer shares jumped in C
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Campos Neto, IGP-M, Casas Bahia and meeting Lula and Haddad: transfer highlights
Bitcoin Bookmaker Activity Drops Significantly: What Does This Mean for the Market?
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Renowned crypto analyst Ali Martinez has noticed a drop in Bitcoin bookmaker activity since March 14.
Martinez’s analysis, driven by the attached graph, reveals a dramatic drop in Bitcoin-related transactions of more than $100,000 after Bitcoin’s price rose to a new high of $73,750.
Data from Martinez’s graph suggests that over the last 24 hours, 2,896 transactions were over $100,000, and 521 of these were over $1 million, Before the All Time High, bookie movements peaked with around 4,500 transactions per day In transactions valued at $1 million or more and approximately 24,500 transactions were greater than $100,000.
Martinez pointed out that the drying up of large bookmakers’ moves may have contributed to the recent stagnation in Bitcoin prices, as Bitcoin struggles to maintain momentum amid lower volatility. The analysts’ comments raise questions about the role of large investors in driving change in
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Bitcoin Bookmaker Activity Drops Significantly: What Does This Mean for the Market?
Drivers, carpenters, excavators: the most sought-after professions but which no one wants to do
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The unobtainable workers in our labor market are multiplying among the technical and practical professions, where a misalignment of supply and demand nests and grows which seems destined to become increasingly critical in the future. Cape workers, excavators, construction site managers, but also machinists are among those who cannot be found at the time of our country’s great infrastructural challenges.
The litmus test comes by cross-referencing the data from the District Italia study center and Skuola.net. The first observatory estimates that currently 3 out of 4 job offers concern technical areas: the data emerges as part of a project by the Elis Consortium, promoted by the presidency of Autostrade per l’Italia, which sees the participation of 56 subjects, including large companies operating in our country, employment agencies and other bodies, with the common objective of reducing the misalignment bet
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Drivers, carpenters, excavators: the most sought-after professions but which no one wants to do
Vahan Kerobyan participated in the exhibition of investment packages and export opportunities of Iran’s free and special economic zones
– 2024-04-29 12:55:28
RA Minister of Economy Vahan Kerobyan participated in the exhibition of investment packages and export opportunities of free and special economic zones of the Islamic Republic of Iran.
According to the minister, the main goal of the exhibition was to develop
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Choosing Between Premium Joint Insurance and Company Insurance for Retirement: What You Need to Know
Premium joint insurance or company insurance: which contract to choose for retirement?
Additional health insurance represents a significant portion of the household budget, especially when you are a senior. The number of grants increases with age, mainly because of increasing health needs. It’s tempting to keep your company’s insurance if you were an employee. The rules allow it, but this option is often expensive and very convenient compared to a mutual insurance company that specializes in seniors. Definitions. Keep your company’s mutual insurance when you retire According to Evin’s law of 1989 which established the possibility of mutual health rights, it is possible for employees who retire to remain covered by their company’s mutual insurance. This system also applies to the welfare plan that the company may have for its employees. Persons dismissed (except for serious misconduct) or placed on disability are entitled to the benefit of portability. Portability of mutual company insurance To qualify as a retiree, you must have subscribed to mutual insurance until the end of your employment contract. You must send a written request to the supporting health organization within 6 months after the end of the employment contract. The organization is obliged to accept and cannot impose a medical questionnaire or waiting period. You are then covered immediately, but your change of status, from employee to retiree, has several consequences: Both spouses must keep the guarantees, even if your position has changed. The mutual insurance company may refuse to cover your beneficiaries (dependent children, spouse). You accept the entire contribution, which until now was covered by at least 50% by your employer. In the first year, the mutual insurance contribution is the same as the employee insurance (employee contribution + employer contribution). In the second year, the consortium can increase its rates by 25%. In the third year, prices can increase by 50% and from the fourth year, prices are free. Inadequate guarantees The pricing aspect is key, as older people usually lose income when they retire. However, this population segment is the one that pays the most for the joint health coverage. Second, the guarantees remain the same without taking into account the changing health needs. If there was a maternity guarantee and ort
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Choosing Between Premium Joint Insurance and Company Insurance for Retirement: What You Need to Know
Final straight line of 30 months for the remaining 21.3 billion
2024-04-29 12:14:37
The gains from completing the national program are huge, as it will further boost growth by 1.2% a year until the end of the decade and more than 200,000 jobs. The road, however, will not be easy. From now until the end of the program, in August 2026, Greece will have to absorb and return to the project 723 million euros every month.
In terms of commitments, it will need to meet another 155 milestones and targets to continue to be at the forefront of Recovery Fund tranches. Last week we had the first “squeeze”, with the breaking of 4her installment of 3.3 billion euros in two parts, with the Ministry of Finance making a request for payment only for the 2.3 billion euros of loans in the tranche, with the prospect of requesting 1 billion euros of grants with a new request in in May. This means that absolute coordination will now be required in order not to lose what has been gained so far.
Through the 103 investments and the 76 reforms that will be implemented, small and medium enterprises will also benefit, in which at least 1/3 of the resources will end up, i.e. 12.3 billion euros out of the total 36 billion euros of the Greek program.
the 50%
Small and medium-sized enterprises will have available approximately 50% of the 36 billion euros of “Greece 2.0”, i.e. 21.6 billion euros, but under conditions. First of all, we should remember that approximately 50% of the loans amounting to 17.3 billion euros, which Greece has secured from the Recovery Fund, concern investments that will be able to be made by small and medium enterprises that employ up to 250 people.
It is noted that by 26/3/2024, 287 loans had been contracted, of which 136 are loans for small and medium enterprises. The budget of all loan agreements reaches 11.15 billion euros, of which 4.75 billion euros are loans from the Recovery Fund, 3.77 billion euros are loans from banks and 2.63 billion euros are equity funds of investors. A condition for someone to benefit from the Recovery Fund loans is to have a so-called “banking profile”. In other words, his business must show profits for the last 3 years, have no unregulated debts to the tax office, have no “red” loans and of course not have the title of a bankrupt business based on EU regulations.
There have been direct grants of 1.35 billion euros for digitization, modernization of tourist infrastructure and agri-food exclusively for small and medium-sized enterprises. At this time, the special program “Save by Doing” with a budget of 400 million euros is also “running”, which is also aimed at small and medium-sized enterprises.
Programs
With regard to small and very small busines
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Final straight line of 30 months for the remaining 21.3 billion 2024-04-29 12:14:37