Zimplow Holdings Limited (ZIMW.zw) listed on the Zimbabwe Stock Exchange under the Engineering sector has released it’s 2010 presentation results for the half year.For more information about Zimplow Holdings Limited (ZIMW.zw) reports, abridged reports, interim earnings results and earnings presentations, visit the Zimplow Holdings Limited (ZIMW.zw) company page on AfricanFinancials.Document: Zimplow Holdings Limited (ZIMW.zw) 2010 presentation results for the half year.Company ProfileZimplow Holdings Limited manufactures and markets a diverse range of products for the construction, infrastructure and agricultural sectors in Zimbabwe. It also manufactures and distributes metal fasteners for the mining, construction and agricultural sector, and has interests in property management and leasing. The Farming division consists of three business units; Mealiebrand, Farmec and Afritrac which oversee the manufacturing of animal-drawn equipment and tractors, and spare parts for agricultural equipment. The Mining and Infrastructure division manufactures and distributes mining equipment, spare parts and related products through four divisions; Barzem, Mealie Brand, CT Bolts and Farmec. Zimplow Holdings Limited is a marketing and distribution agent in Zimbabwe for Massey Ferguson, Valtra, Caterpillar, Perkins, Falcon, Challenger, Vicon and Monosem. Zimplow Holdings Limited is listed on the Zimbabwe Stock Exchange
Image source: Getty Images Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Our 6 ‘Best Buys Now’ Shares 2020 was another challenging year for the TUI (LSE: TUI) share price. The holiday travel firm seems to have had some rotten luck these past few years, with freak weather throughout 2018, the grounding of 15 of its Boeing 737 Max aircraft in 2019, and then a global pandemic.After all this chaos, the share price is now around £3.80, down 65% from its £11 high three years ago. But is the stock about to bounce back? Let’s take a look.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…Can TUI survive the pandemic?In my opinion, TUI’s fate is directly linked to the success of the vaccine rollout. Until borders begin to open, and the general public feels safe enough to travel, the business’s planes will remain on the ground.Unfortunately, even when planes aren’t flying, they still incur costs such as airport charges and mandatory maintenance expenses. Therefore, as there was no significant revenue, TUI suffered a £2.8bn (€3.2bn) loss last year. What’s worse is that the firm’s balance sheet was already less than healthy before the pandemic began.But management has taken action. The dividend has been suspended, and a new cost-cutting initiative was launched to save an estimated £355m (€400m) per year. It also secured an additional £232m (€260m) through sale-leaseback agreements, as well as raising £1.6bn (€1.8bn) of capital from a collection of banks, major shareholders, and the German Government.Combined, TUI should have sufficient funds to see it through the remainder of the pandemic. Of course, this assumes that lockdowns get lifted as more people get vaccinated.Will the TUI share price recover?The raised funds undoubtedly gave it some breathing space. But it also brought its total debt to nearly £6.8bn (€7.7bn). Furthermore, this new financing package prevents the return of dividends until 2022, while simultaneously dropping the firm’s credit rating. As a result, the TUI share price fell by a further 20%.But there might be a light at the end of the tunnel. Before the outbreak of Covid-19, TUI actually started 2020 with record high bookings, and the share price jumped 25% in early February. While most of these trips ended up being cancelled, TUI recently announced that 2021 bookings are up by 145%.I think it’s fair to say that many people want a holiday after more than nine months of lockdowns. And with that comes the potential for a stock price recovery.TUI share price: bargain or trap?If the vaccine rollout is successful, then TUI appears nicely positioned to take advantage of the pent-up demand. However, even if things return to normal, the stock now has a lot more debt to deal with. That means larger interest payments, more capital restrictions, and lower dividends.Personally, I’m not interested in buying shares since the recovery timeline is unknowable, and frankly beyond the management team’s control.With plenty of other fantastic businesses out there, I would rather invest my money in a stock that isn’t suffering from such huge problems. Simply click below to discover how you can take advantage of this. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. Enter Your Email Address See all posts by Zaven Boyrazian “This Stock Could Be Like Buying Amazon in 1997” Zaven Boyrazian does not own shares in TUI. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Zaven Boyrazian | Friday, 15th January, 2021 | More on: TUI Is the TUI share price about to explode in 2021?
It is very concerning to wake up early, and to turn on the computer, and see that this older sweet- looking lady from Apopka is missing. I didn’t know where Loch Calder Way is, and actually had not recalled even hearing of that street name before……I brought it up on the maps, and see that it is very close to the area where I live, even though I don’t live in Errol. This Loch Calder Way is right off of Lexington Parkway in Errol, according to the maps I viewed. I wonder if she has been located yet? My prayers go out to this lady, and to her son also, as he must be very worried about his mother, as I certainly hope nothing sinister has happened to her. I pray she is okay, and has, or will be found. Hopefully, at her age, maybe she just got turned around, and lost while out driving….It happens a lot to older people. I knew one lady, in Orlando, that was a best friend with my mother, and she got lost in her own area, while out driving, ironically a Buick also. She was asking landscape crews out working, how to get back home and panicking….so sad. Finally, a young lady helped her find her way back home, and even brought her a bouquet of beautiful flowers to her the next day, and left them on her porch with a nice note attached. Let’s pray for this lady, and try to stay positive, in thoughts. I know I will be looking for her, wherever I go, while out and about, and looking for a Buick Century with that tag number. I wonder what color Buick Century she drives? I am concerned however, about the Rosemont area she was headed to, as it has gotten to be a high crime area, now days, not like it used to be, but then again, no where is safe, like it used to be, as far as the crime statistics. You have entered an incorrect email address! Please enter your email address here I was wondering what color is the Buick?Is it a newer model? Share on Facebook Tweet on Twitter Free webinar for job seekers on best interview answers, hosted by Goodwill June 11 Reply Please enter your comment! Reply March 14, 2018 at 6:29 am The Anatomy of Fear LEAVE A REPLY Cancel reply March 14, 2018 at 10:12 am March 14, 2018 at 7:23 am 3 COMMENTS Please enter your name here Michael Heaton Support conservation and fish with NEW Florida specialty license plate She has been found Missing Person Alert:From APD News The Apopka Police Department is seeking the public’s help in locating a missing elderly female from the Apopka Area. Peggy Neese, age 87, was last seen in the area of the 800 block of Loch Calder Way, Apopka Florida on March 13th at approximately 2:05 p.m.Peggy drives a 2004 Buick Century bearing Florida license plate Y06RYM. Peggy spoke with her son shortly after 2 p.m. and advised she was on her way to his house located in the Rosemont neighborhood in Orlando.Peggy NeesePeggy Neese is described as a white female with grey/brown hair, 5’05”, weighing 130 pounds. Peggy usually wears Capri pants/slacks with some sort of striped shirt. Anyone with information is urged to contact the Apopka Police Department (407-703-1757) or their local law enforcement agency.The Apopka Police Department is a full-service, accredited police agency with more than 150 employees including 108 sworn officers and staff. The Apopka Police Department supports the Crimeline program to aid in investigations and to foster safe and anonymous tips that lead to criminal arrests. You can help with these local cases – if you have relevant information, please call (800) 423-TIPS, go to www.crimeline.org, or e-mail [email protected] Apopka bulletins can be found at the APD website www.apopkapolice.com; click on “Crimeline”. Pam Wright Reply TAGSApopka Police DepartmentMissing Person Previous articleNelson routs Kilsheimer in Apopka mayoral electionNext articleAlert: Elderly Apopka woman found Denise Connell RELATED ARTICLESMORE FROM AUTHOR Mama Mia Save my name, email, and website in this browser for the next time I comment.
“COPY” Architects: Shinichi Ogawa & Associates Area Area of this architecture project Area: 256 m² Year Completion year of this architecture project ArchDaily Products translation missing: en-US.post.svg.material_description CopyHouses•Japan Sea Front Villa / Shinichi Ogawa & AssociatesSave this projectSaveSea Front Villa / Shinichi Ogawa & Associates “COPY” Save this picture!© Pirak Anurakyawachon+ 24Curated by Paula Pintos Share 2019 Year: CopyAbout this officeShinichi Ogawa & AssociatesOfficeFollow#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOn FacebookJapanPublished on December 25, 2019Cite: “Sea Front Villa / Shinichi Ogawa & Associates” 24 Dec 2019. ArchDaily. Accessed 10 Jun 2021.
UshopUgive.com ceases trading Tagged with: Digital Trading UshopUgive.com, the online shopping mall for charities, has ceased trading after leading retailers and merchants indicated their “reluctance” to continue working with the site. UshopUgive has operated an online shopping mall to raise funds for over 70 partner charities since 2000, and offered over 100 online merchants. Charities earned income from sales from these merchants generated via their link to UshopUgive.A brief statement on the UshopUgive site reports that retailers and affiliates representing 50% of the commission generated by the site, including Amazon.co.uk and the affiliate representing Argos.co.uk and flybe.com, had expressed their reluctance to continue working with the site. Advertisement 25 total views, 1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Howard Lake | 22 April 2006 | News AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis According to UshopUgive they did not like the fact that “there was an ongoing incentive (i.e. the donation to charity)”. As a result, customers were not, after their first sale, clicking directly to the merchants site, presumably as the merchants had expected. Instead, they were still visiting UshopUgive first before clicking through, thereby continuing to generate a commission for their selected charity.Since online affiliate marketing is based on the premise, from the merchant’s point of view, that it is paying usually a one-off introduction fee to the affiliate site, and that future dealings will be direct with the newly acquired customer, such an approach would represent a drain on marketing expenditure.The tone of UshopUgive’s announcement is therefore one of “enormous regret”. With the withdrawal of key merchants, their business model was clearly not going to be sustainable so they have decided to cease trading.In their valedictory statement the management team noted that “all sales made up to the point of the closure of the site are being honoured so your charity will be paid for any sale made on its behalf”.Many charity shopping malls have appeared over the last six or seven years and most have failed within a short time. UshopUgive survived longer than most and, based on their statement, appear to have victims of their success. About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving.
SHARE Previous articleCorn Growers Still Optimistic Despite Slow Planting PaceNext articleHSUS Targeting Indiana Agriculture Andy Eubank USB with Jared HagertAs part of the International Soy Growers Alliance, soybean farmer-leaders from the United States and South America recently met with Chinese customers and government officials to discuss how committed soybean farmers are to providing China with a safe and abundant supply of soybeans.They discussed the importance of eliminating trade barriers, particularly regarding the approval process for soybeans improved through the use of biotechnology.United Soybean Board treasurer and North Dakota soybean farmer Jared Hagert was among the delegation and said it’s powerful when U.S. and South American soybean farmers can stand together and deliver a message to build on partnerships and strengthen trade relations.Hagert says China is a great place to target missions like this since it’s the largest importer of U.S. and South American soy.“Ninety percent of the export market and ninety-nine percent of what China imports comes from the Americas, so it’s been very worthwhile to work together with our counterparts from South America.”Besides the United Soybean Board, the delegation also represented the American soybean Association and U.S. Soybean Export Council.For more information on the United Soybean Board, visit www.unitedsoybean.org. By Andy Eubank – May 5, 2014 Facebook Twitter SHARE US and South America Soy Groups Working Together in China Facebook Twitter Home Indiana Agriculture News US and South America Soy Groups Working Together in China
Previous articleEPA Encourages Americans to Avoid Food Waste Over the HolidaysNext articleIndigo Ag’s New App to Market Your Grain NAFB News Service SHARE Home Indiana Agriculture News Ag Credit Conditions Recover in Third Quarter Farm income and loan repayment rates recovered from sharp declines in the second quarter, and demand for credit softened according to Federal Reserve Ag Credit Surveys.Although farm income generally remained low, loan repayment rates stabilized, and farmland real estate markets remained strong. Farm loan demand moderated in all Federal Reserve districts for the first time since 2013 in the third quarter.Funding at agricultural banks was likely supported by higher deposits and an influx of liquidity from Federal Reserve and government programs following the COVID-19 outbreak.The Fed says an influx of government payments and higher prices for agricultural commodities provided greater support for farm finances in the third quarter and seemed to limit demand for financing.Despite some improvements in the agricultural economy, farm income and repayment rates remained low, albeit not as low as in the second quarter.Increased uncertainty related to the pandemic may also have curbed some demand for new loans and could continue to weigh on agricultural lending conditions moving forward. By NAFB News Service – Nov 26, 2020 Facebook Twitter Facebook Twitter Ag Credit Conditions Recover in Third Quarter SHARE
January 13, 2021 Sri Lanka: tamil reporter held on absurd terrorism charge Sri LankaAsia – Pacific Condemning abusesProtecting journalists ImprisonedJudicial harassment Sri Lankan police refuse protection to journalists threatened with death Sri LankaAsia – Pacific Condemning abusesProtecting journalists ImprisonedJudicial harassment Organisation RSF_en July 15, 2020 Find out more News He was arrested for allegedly posting photos of the Liberation Tigers of Tamil Eelam (LTTE), the Tamil armed separatists whose rebellion was crushed in 2009. But several sources separately told RSF that all he did was post a note about events commemorating those killed during the civil war – events that members of Sri Lanka’s Tamil minority organize every November. Murugupillai Kokulathasan was arrested on 28 November 2020 (photo: Tamil Guardian). July 29, 2020 Find out more “Murugupillai Kokulathasan’s arrest and continuing detention on a Kafkaesque terrorism charge clearly constitutes a press freedom violation,” said Daniel Bastard, the head of RSF’s Asia-Pacific desk. “We urge the attorney general of Sri Lanka, Dappula de Livera, to order his immediate and unconditional release. The security forces must stop harassing all journalists who refer to the Tamil issue, whether directly or indirectly.” News Help by sharing this information Receive email alerts Follow the news on Sri Lanka News Reporters Without Borders (RSF) calls on Sri Lanka’s prosecutors to order the immediaterelease of Murugupillai Kokulathasan, a freelance journalist who was arrested in the utmostsecrecy in the eastern city of Batticaloa on 28 November, and to drop the Kafkaesque terrorismcharges brought against him. Sri Lanka: Journalist manhandled by notorious police inspector currently on trial As RSF reported at the time, leaflets circulated in Batticaloa a year ago proffered death threats against seven local journalists on the alleged grounds that they had “received money from the [Tamil] Tigers abroad.” The leaflet included a photo of the seven journalists with their heads circled. The Batticaloa police refused to register their complaint or give them protection. News Sri Lanka: RSF signs joint statement on attacks against human rights defenders, lawyers and journalists Murugupillai Kokulathasan, who will complete his 50th day in prison on 16 January, is being held in connection with a Facebook post under the Prevention of Terrorism Act, a draconian law often used to silence journalists. to go further Sri Lanka is ranked 127th out of 180 countries in RSF’s 2020 World Press Freedom Index. January 28, 2020 Find out more
Russian peacekeepers deny foreign reporters access to Nagorno-Karabakh Receive email alerts June 4, 2021 Find out more June 8, 2021 Find out more RSF_en Organisation News September 6, 2011 – Updated on January 20, 2016 Embassy cable confirmed government harassment of RFE/RL News News “We’ll hold Ilham Aliyev personally responsible if anything happens to this blogger in France” RSF says Help by sharing this information News AzerbaijanEurope – Central Asia RSF calls for a fully transparent investigation after mine kills two journalists in Azerbaijan to go further AzerbaijanEurope – Central Asia Cable 09BAKU6A classified cable to the US State Department from the US chargé d’affaires in Baku, Donald Lu, on 6 January 2009, released by WikiLeaks on 30 August, voiced concern about the Azerbaijani government’s harassment of Radio Free Europe/Radio Liberty.The cable said the Ministry of Communications and Information Technology was threatening to cut the satellite connection between RFE/RL’s office in Azerbaijan and its headquarters in Prague. The threat appeared to be illegal because RFE/RL had an agreement with the ministry for use of this equipment, and had paid the necessary fees.The cable added that the threat clearly constituted “more harassment” of RFE/RL, which had been stripped of its permission to retransmit on local FM frequencies from the start of January 2009. Follow the news on Azerbaijan April 9, 2021 Find out more
Pinterest Facebook GAA decision not sitting well with Donegal – Mick McGrath WhatsApp Google+ Nine Til Noon Show – Listen back to Wednesday’s Programme RELATED ARTICLESMORE FROM AUTHOR Guidelines for reopening of hospitality sector published WhatsApp Right2Water Donegal will protest ahead of council meeting in Lifford next week Calls for maternity restrictions to be lifted at LUH Google+ Twitter NPHET ‘positive’ on easing restrictions – Donnelly Previous articleErrigal College to receive three new science roomsNext articleFire service tackles mobile home fire in Rossnowlagh admin Facebook By admin – April 7, 2015 Three factors driving Donegal housing market – Robinson Right2Water Donegal is to hold a protest outside County House in Lifford on Monday morning next.The protest at 9.30 will take place before Donegal County Council reconvenes to complete its March meeting.The group says it is inviting people to hand back, bin or dispose of Water bills outside the seat of local government.Right2Water spokesperson Owen Curran says they will also hand in a letter asking why the County Manager handed over the details of Council tenants to Irish Water, despite a direction from Councillors not to do so.He’s also asking what councillors are doing about the Irish Water situation now, saying this raises questions about local democracy……….. Pinterest Twitter Homepage BannerNews
News UpdatesJustice Vandana Kasrekar Of Madhya Pradesh High Court Passes Away: Second Sitting Judge To Succumb To COVID-19 Sparsh Upadhyay13 Dec 2020 12:29 AMShare This – xJustice Vandana Kasrekar, a sitting Judge of the Madhya Pradesh High Court, passed away today due to COVID-19. Exactly 8 days ago, on 05th December, a sitting Judge of the Gujarat High Court, Justice GR Udhwani had also succumbed to COVID-19. Justice Vandana Kasrekar was born on July 10, 1960 and Practiced Civil and Constitutional matters at High Court of Madhya Pradesh Bench…Your free access to Live Law has expiredTo read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginJustice Vandana Kasrekar, a sitting Judge of the Madhya Pradesh High Court, passed away today due to COVID-19. Exactly 8 days ago, on 05th December, a sitting Judge of the Gujarat High Court, Justice GR Udhwani had also succumbed to COVID-19. Justice Vandana Kasrekar was born on July 10, 1960 and Practiced Civil and Constitutional matters at High Court of Madhya Pradesh Bench at Indore. The 60 years old Judge was Appointed as Judge of the High Court of Madhya Pradesh on October 25th, 2014 and was made a Permanent Judge on February 27, 2016 Senior advocate Vivek Tankha took to Twitter to express his condolences. He tweeted, “42 years back we lost Justice RK Tankha on December 13 a wonderful human being. Today MP High Court lost another wonderful human being Justice Vandana Kasrekar on 13th December. We have lost a gem. A young life departs after a grim struggle. Thanks Dr. Trehan for trying your best.”42 years back we lost Justice RK Tankha on Dec 13 a wonderful human being. Today MP High Court lost another wonderful human being Justice Vandana Kasrekar on dec 13. We have lost a gem. A young life departs after a grim struggle. Thanks Dr Trehan for trying yr best. @medanta— Vivek Tankha (@VTankha) December 13, 2020The Chief Minister of Madhya Pradesh, Shivraj Singh Chouhan also took to Twitter to express his condolences. He Tweeted “I got the sad news of the demise of Honorable Justice Vandana Kasrekar, posted at Indore Bench of MP High Court. My condolences to her family.”इंदौर उच्च न्यायालय में पदस्थ माननीय न्यायमूर्ति वंदना कसरेकर के निधन का दुःखद समाचार मिला है।मैं ईश्वर से प्रार्थना करता हूँ कि वे दिवंगत आत्मा को अपने श्रीचरणों में स्थान दें और उनके परिजनों को इस वज्रपात को सहने की क्षमता दें।मेरी संवेदनाएँ उनके परिवार के साथ हैं।ॐ शांति— Shivraj Singh Chouhan (@ChouhanShivraj) December 13, 2020Next Story
Saudi Arabia and Russia have embarked on an oil price war after a breakdown in Opec+ relations (Credit: Kremlin) The breakdown of discussions at the latest meeting of Opec and its allies, in which efforts were made to bolster oil markets against the growing impact of coronavirus, sent shockwaves throughout global industry and finance. Here we take a look at some of the key issues and repercussions of failed negotiations that sparked an oil price crash and brought turmoil to global stock exchanges. Russia ‘cornered’ by Opec haste in recommending coronavirus actionDespite the failure of negotiations and the subsequent stand-off between its two de facto leaders, Rystad Energy’s senior oil markets analyst, Paola Rodriguez-Masiu, doesn’t think the Opec+ alliance is necessarily finished.Russia, she believes, felt “cornered” by Opec’s decision to agree the cuts a day before Moscow had a chance to weigh in on the negotiations, and was left with a “political” choice about whether or not to involve itself in an arrangement in which it had no input.“I’m not sure that Saudi Arabia or anybody else thought the Russians were going to walk away given the economic stakes, but at the same time the political impact was a little bit forgotten,” she says.“That is, for Russia to step into a deal in which it had basically no part in making, nor was considered as part of the decision-making process.”In Vienna last week, Opec recommended a fresh batch of production cuts to the tune of 1.5 million bpd — as well as an extension of existing cuts of 2.1 million bpd until the end of the year — in a bid to bolster the market amid slowing global demand. Price crash different to those that came beforeIn the meantime, crude prices appear set to remain low — currently settled at around $35 per barrel, compared to around $50 before last week’s meeting and $70 at the start of the year.It is the sharpest collapse oil markets have experienced since the financial crisis of 2008, although Rodriguez-Masiu points out there are important distinctions between the two that hint at shorter-term disruption this time around.She says: “The previous collapse was because of underlying structural problems in the economy that were hard to address.“This time it is a product of demand shock caused by the coronavirus, and the subsequent attempt of Opec to respond causing a production shock.”By the time of the next Opec meeting in June, she says, the coronavirus picture could be much less clouded, making it “likely” both sides would be in a better position to negotiate a new deal. Resilient US shale a ‘monster that can’t be killed’Many onlookers have suggested Russia’s decision to back out of the Opec+ deal was in part motivated by a desire to take on US shale oil, which has washed the market with cheap supplies in recent years.But while “the effect of the price drop will certainly be seen on US shale producers in the coming months”, according to Scargill, a longer-term view must take into account the past evidence of US shale’s powers of recovery following previous price crashes.Rodriguez-Masiu agrees, pointing out that both Moscow and Riyadh will be well-aware that even if there is some near-term pain, the resilience of US shale prices will likely see a quick rebound once the current pressure eases.She adds: “Shale is a monster that you cannot kill, you can only slow it down.“It’s true that falling crude prices are going to hurt a lot of producers in the US, but the cycles have shortened and once prices rebound — which we expect will happen probably in the second half of the year or in 2021 — then shale will come back.” The fall-out from last week’s collapsed Opec+ negotiations continues to rumble on, with subdued crude oil prices, threats of a global supply glut and uncertainty wreaking havoc across financial markets.Having failed to agree on new measures to cut global production amid coronavirus-weakened demand, Russia and Saudi Arabia now stand on opposite sides of a price war — with the latter threatening to escalate the situation further by raising production and flooding the market with heavily-discounted crude oil.Latest reports suggest Riyadh is poised to increase its crude output by 2.5 million barrels per day (bpd) to 12.3 million bpd next month, once the existing Opec agreement to control production expires.The row raises doubts over the future of the Opec+ alliance, in which non-Opec members led by Russia have co-ordinated with the cartel to control oil prices and supply since 2016.Major financial markets reacted dramatically to the situation yesterday (9 March), with value wiped from prominent share indices around the world, including Nasdaq, S&P 500, Dow Jones Industrial Average and the FTSE 100.Big oil companies were particularly hard hit by the sell-off, as investors scrambled to offload assets in an industry beset by uncertainty and struggling to cope with the impact of coronavirus.The world is now paying close attention to how relations between the two nations unfold in the coming months, and what impact the price war could have on global oil markets. After stock markets nosedived on news that Opec+ talks to cushion the impact of coronavirus had collapsed, we take a closer look at the potential fall-out There will be ‘no winners’ in this oil price warBut the “high economic stakes” for both countries is something that could sooner or later bring them back to the negotiating table, perhaps even by the next scheduled Opec meeting in June.“There will be no winner in this price war — only losers,” adds Rodriguez-Masiu.“You could argue that Saudi Arabia is a bit better equipped to withstand this because it has higher capacity — so it can bring more production online faster and at a more compensated price compared to the Russians.“Russia can bring maybe 200,000 to 300,000 bpd more in the short term, versus Saudi Arabia which can bring maybe 1.3 million bpd.“But at the same time, in terms of fiscal budgets, Russia has prepared for a fiscal break-even of $30 per barrel, whereas the Saudi one is much higher.”She adds that plans put in place by Saudi leader Crown Prince Mohammed bin Salman to diversify and modernise the country’s economy, the Saudi Vision 2030 project, hinge on its ability to reduce dependence on its vast oil reserves — a scheme that requires capital and could be damaged by a prolonged game of brinksmanship with Russia.GlobalData oil and gas analyst Will Scargill agrees that Riyadh’s decision to wage a price war is a “risky strategy” and one that could take “months” to play out.He adds: “In reality, the brunt of the previous Opec+ production cuts was borne by Opec members — and Saudi Arabia more specifically — with Russia not implementing significant cuts.“It appears unlikely that Russia will allow itself to be forced into them now in response to the reduced demand caused by coronavirus.”
Home » News » Housing Market » Rents cool off as tenant demand softens previous nextHousing MarketRents cool off as tenant demand softensAverage rents in England and Wales fall 0.9% to under £800pcm.The Negotiator22nd December 20150584 Views Rents across England and Wales fell by an average of 0.9 per cent in November taking the average to £799 a month, according to latest buy-to-let index from Your Move and Reeds Rains.Average rents are now £17 per month below September’s all-time record high of £816pcm, reflecting a slight drop in demand from tenants seeking rental accommodation.A breakdown of the data reveals that six out of 10 regions monitored saw rents decline on a monthly basis, led by southern regions. The South East saw rents drop by 3 per cent month-on-month and they were down 2 per cent in the South West and 1.2 per cent in London.By contrast, Wales witnessed a 2.9 per cent rise in rents. They also rose by 1 per cent in the East Midlands, the West Midlands saw a 0.4 per cent increase and Yorkshire and the Humber a 0.2 per cent hike.But despite the recent fall, on average, rents have increased significantly over the past 12 months, up 4 per cent compared to November 2014, led by gains in London where rents are up 8.9 per cent year-on-year.Rents in East of England rose by 8.4 per cent. They are also up 5.1 per cent in the East Midlands. By contrast, Wales has seen rents fall 3.8 per cent year-on-year and the South East is down 3.5 per cent.While rents are currently slowing, they are widely expected to increase in 2016, owed in part to the new 3 per cent stamp duty which will become payable on buy-to-let properties from April 2016 as this charge gets passed on to tenants.“Most likely this (stamp duty increase) will push rents higher still and indicates an earlier spring for rent rises in 2016,” said Adrian Gill (left), Director of Reeds Rains and Your Move.The index also revealed that the gross yield on a typical rental property in England and Wales, before taking into account factors such as void periods, dropped to 5 per cent in November, down from 5.1 per cent in October 2015. This is also higher than the 5.1 per cent gross yield recorded in November 2014.Taking into account both rental income and ]capital growth, the average landlord in England and Wales has seen total returns of 10.9 per cent over the 12 months ending November 2015, up from 10.4 per cent in October 2015, thanks mainly to a rise in property prices.In absolute terms this means that the average landlord in England and Wales has seen a return of £19,668, prior to any deductions. Of this, the average capital gain contributed £11,057 while rental income made up £8,611 over the 12 months to November.Adrian Gill average rents rental prices rents rents fall December 22, 2015The NegotiatorWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021
Back to overview,Home naval-today Amazing Crowds for HMAS Cerberus Open Day View post tag: Crowds View post tag: day View post tag: open Training & Education View post tag: Cerberus HMAS Cerberus opened its gates for the 2013 iteration of the bases biennial Open Day on the weekend, and the ship’s company was amazed by the number of people passing through. A record 15,000 visitors attended the six hour open day, to see the largest Tri-Service Military event held in Victoria.HMAS Cerberus, often referred to as the ‘Cradle of the Navy’ provides training for Navy, Army and Air Force personnel. With a staff of up to 800, Cerberus trains about 4000 Defence members annually, averaging 1500 trainees onboard at any one time. With training offered for all three services it was a great opportunity for Army and Air Force to also put on a good show for the crowd.Commanding Officer HMAS Cerberus, Captain Katherine Richards said there were plenty of Military activities to see and participate in, including interactive displays by Navy Clearance Divers and cooking demonstrations by Navy and Army Cooks.“Our emphasis is to train our men and women to the highest of professional standards and to have them leave here well prepared to be part of the Navy and Australian Defence Force. They’re terrific people who make up today’s Navy, Army and Air Force,” CAPT Richards said.“Open Days are a great opportunity for members of the public to see the range of training we offer and to chat with officers and sailors about military life. It’s a great chance to see first hand how the men and women of the Navy and the wider ADF train to defend our nation.”The Open Day saw 12 training faculties opened for inspection, popular displays from the RAAF Military Working Dogs and mock battles by Army’s Logistic Training Centre, while Navy’s 816 Squadron showcased water rescue techniques by conducting wet winching evolutions. Navy’s 723 Squadron and Army’s 173 Squadron also opened their cockpits to the public.The crowds thoroughly enjoyed the impressive aviation display, complimented by the local aero club showing off vintage aircraft, and it seemed that being a Pilot is the new career of choice.[mappress]Press Release, October 29, 2013; Image: Australian Navy Amazing Crowds for HMAS Cerberus Open Day View post tag: Amazing View post tag: HMAS October 29, 2013 Share this article