International-news – Bridgeville Star http://bridgevillestar.com/ Fri, 21 Jan 2022 07:46:14 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://bridgevillestar.com/wp-content/uploads/2021/05/bridgeville-star-icon-150x150.png International-news – Bridgeville Star http://bridgevillestar.com/ 32 32 Stocks fall, following global momentum https://bridgevillestar.com/stocks-fall-following-global-momentum/ Fri, 21 Jan 2022 06:54:06 +0000 https://bridgevillestar.com/stocks-fall-following-global-momentum/

LONDON — European markets are set to fall on Friday, following a global pullback in risk assets.

Britain’s FTSE 100 is seen down around 71 points to 7,508, Germany’s DAX is set to fall around 190 points to 15,707, and France’s CAC 40 is set to drop around 91 points to 7,100, data shows. of IG.

The expected opening losses come after steep declines on Wall Street as rising rates continue to put downward pressure on tech stocks by making future earnings less attractive.

The declines were accentuated by a plunge in Netflix shares after the company’s fourth-quarter earnings report showed slowing subscriber growth.

U.S. equity futures point to further losses at Friday’s open, while Asia-Pacific markets also fell overnight.

Back in Europe, Britain’s GfK consumer confidence index fell to -19 in January from -15 in December, its lowest level since February 2021, as soaring inflation and the prospect of further rises in interest rates clouded the outlook.

A first “flash” reading of consumer confidence for the euro zone is expected on Friday afternoon. There are no major results expected in Europe on Friday.

CNBC Pro Stock Picks and Investing Trends:

In corporate news, shares of Rio Tinto took an overnight hit after Serbia revoked the British-Australian mining company’s lithium exploration licenses, citing environmental concerns.

Meanwhile, Unilever ruled out a fourth increase in its bid for GlaxoSmithKline’s consumer healthcare business, abandoning a tie-up that had ruffled investors.

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Water crisis looms as residents tackle debris in tsunami-hit Tonga https://bridgevillestar.com/water-crisis-looms-as-residents-tackle-debris-in-tsunami-hit-tonga/ Wed, 19 Jan 2022 16:46:00 +0000 https://bridgevillestar.com/water-crisis-looms-as-residents-tackle-debris-in-tsunami-hit-tonga/
  • New Zealand Navy ships will arrive in Tonga on Friday
  • The airport could reopen on Thursday
  • Australian Prime Minister speaks with his Tongan counterpart
  • Japan, United States, China and Australia offer help

Jan 19 (Reuters) – Two New Zealand navy ships will arrive in Tonga on Friday carrying critical water supplies for the Pacific island nation reeling from a volcanic eruption and tsunami and largely cut off from the outside world .

At least three people have been killed and hundreds of homes in Tonga’s small outlying islands have been destroyed after Saturday’s huge eruption triggered tsunami waves that swept through the islands, home to 105,000 people. Read more

With Tonga’s airport smothered in volcanic ash and communications hampered by a broken undersea cable, reports of the extent of the devastation come mainly from reconnaissance aircraft.

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But photographs posted to social media revealed more damage on Wednesday, showing coastal areas where trees and buildings had been washed away and neighborhoods covered in a thick layer of ash. People worked together to clean up debris and inspect the ruins of their homes.

The Red Cross said its teams in Tonga had confirmed that salt water from the tsunami and volcanic ash were polluting the drinking water of tens of thousands of people.

“Ensuring access to clean water is an immediate and essential priority…as there is a growing risk of diseases such as cholera and diarrhoea,” said Katie Greenwood of the International Federation of Cross Societies. Red and Red Crescent.

New Zealand has said Tonga, one of the few countries free of the new coronavirus, has agreed to receive two of its ships, the Aotearoa and the Wellington, despite concerns about the importation of an outbreak of COVID-19 which would aggravate his crisis.

Simon Griffiths, captain of the Aotearoa, said his vessel was carrying 250,000 liters of water, along with other supplies, and had the capacity to produce an additional 70,000 liters per day.

The Hunga Tonga-Hunga Ha’apai volcano erupted about 40 miles (65 km) from Tonga’s capital with an explosion heard 2,300 km (1,400 miles) in New Zealand and sent tsunamis across the Pacific Ocean.

James Garvin, chief scientist at NASA’s Goddard Space Flight Center, said the force of the eruption was estimated to be the equivalent of five to 10 megatons of TNT, more than 500 times that of the nuclear bomb that the United States dropped on the Japanese city. of Hiroshima at the end of World War II.

Waves of up to 15 meters (49ft) hit the outer island group of Ha’apia, destroying all homes on Mango Island, as well as the west coast of Tonga’s main island, Tongatapu , where 56 houses were destroyed or severely damaged. , said the Prime Minister’s Office.

A view of a beach and debris following a volcanic eruption and tsunami, in Nuku’alofa, Tonga, January 18, 2022 in this photo obtained from social media on January 19, 2022. With the courtesy of Marian Kupu/Broadcom Broadcasting FM87.5/via REUTERS

ASHES AND GRAVES

Tongan communities overseas have already posted images of families on Facebook, showing glimpses of houses reduced to rubble, fallen trees, cracked roads and sidewalks and everything covered in gray ash.

Tonga has been largely offline since the volcano damaged its only undersea fiber optic communications cable. Her owner said it would probably take a month or more to fix.

Telecoms operator Digicel said it had restored some international phone services to Tonga via a satellite link, although numerous attempts by Reuters to switch were unsuccessful.

The archipelago has 176 islands, 36 of which are inhabited. Its main airport, Fua’amotu International, was not damaged by the tsunami but was covered in ash, which had to be cleaned by hand.

A Tongan official said it could be possible for aid flights from New Zealand and Australia to start on Thursday.

Australian Prime Minister Scott Morrison spoke with Tongan Prime Minister Siaosi Sovaleni.

He said two Hercules planes were ready to depart with humanitarian supplies and telecommunications equipment, and a navy ship, the Adelaide, was preparing to leave Brisbane with water purification equipment and additional humanitarian supplies.

Australia and New Zealand have also pledged immediate financial aid.

The U.S. Agency for International Development has approved immediate assistance of $100,000, and Japan has said it will donate more than $1 million in aid, as well as clean water and materials to clean up ashes.

The Asian Development Bank was discussing with Tonga the possibility of declaring a state of emergency to tap into a $10 million disaster facility, senior bank official Emma Veve told Reuters.

China said it would send aid, including water and food, when the airport opens.

Join now for FREE unlimited access to Reuters.com

Reporting by Praveen Menon, Kirsty Needham, Tom Westbrook, Karen Lema, Kiyoshi Takenaka and Jane Wardell; Written by Robert Birsel and Philippa Fletcher; Editing by Kevin Liffey and Janet Lawrence

Our standards: The Thomson Reuters Trust Principles.

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Biden’s Foreign Policy Blunders | FoxNews https://bridgevillestar.com/bidens-foreign-policy-blunders-foxnews/ Mon, 17 Jan 2022 23:05:04 +0000 https://bridgevillestar.com/bidens-foreign-policy-blunders-foxnews/

NEWYou can now listen to Fox News articles!

The one area in which presidents have the most executive power is foreign policy. President Biden campaigned on his decades of foreign policy experience with promises to improve America’s standing among world leaders with slogans like a return to “adults in the room.” But a year into his presidency, Biden is receiving low marks for his foreign policy record.

A recent Quinnipiac poll showed Biden had a 35% approval rating on foreign policy a year into his presidency, with 54% disapproving.

Among the first setbacks in March last year was the summit with the Chinese, led by Secretary of State Antony Blinken and National Security Adviser Jake Sullivan, to address trade, human rights man, Hong Kong, cyberattacks, COVI and rising military tensions. in the South China Sea has gone off the rails.

“The Anchorage meeting with the Chinese, which was by far the worst bilateral meeting the US has had with any country in the world under the Biden administration, was very poorly handled,” said Ian Bremmer of the Eurasia group in an interview with Fox. News. “They were lecturing the Chinese, the Chinese were lecturing the Americans, and I felt like that relationship was sort of spiraling out of control. I think a lot has been done to try to stabilize the relationship since then, but still , that was a real problem.”

President Biden listens during the Major Economies Forum on Energy and Climate, in the South Court Auditorium on the White House campus, Friday, Sept. 17, 2021, in Washington.
(AP Photo/Evan Vucci)

In the months that followed, China sent unprecedented numbers of warplanes to Taiwan to test the US response, raising fears that an invasion of Taiwan seemed imminent.

CHINA SAYS WE WILL PAY ‘UNBEARABLE COST’ TO HELP TAIWAN

“I think President Biden has actually had a pretty easy ride as the early years of a foreign policy presidency are tested,” Kori Schake, director of foreign and defense policy at Fox News, told Fox News. the American Enterprise Institute. “The low points of the Biden presidency have actually been the president’s own mistakes.”

Namely, Biden’s handling of Afghanistan and his decision to withdraw all US troops from the country, which led to a humanitarian disaster.

Afghanistan is now on the brink of famine and economic collapse, just four months after the chaotic withdrawal of the US military.

Taliban soldiers stand guard in Panjshir province, northeastern Afghanistan, Wednesday, September 8, 2021.

Taliban soldiers stand guard in Panjshir province, northeastern Afghanistan, Wednesday, September 8, 2021.
(AP Photo/Mohammad Asif Khan)

“It’s a very grim situation where people are facing severe, severe starvation,” said World Food Program spokeswoman Shelley Thakral, who spoke to Fox News from Herat. “You can imagine about five months ago people had jobs. They were getting salaries, especially in the inner cities. People are at a tipping point. They’re just broken by what’s happening to them. No jobs, no money, no food, no health care Something at some point has to give.

AFGHANISTAN’S ‘HERE TO STAY’ PROBLEM TOPS LIST OF CONFLICTS TO WATCH IN 2022: FOREIGN POLICY EXPERTS

NATO allies who thought Biden would consult with them after years of insults from his predecessor Donald Trump were caught off guard by the sudden unilateral US withdrawal, leaving relations in the Gulf particularly frayed then. that these countries wonder if the United States is a reliable ally.

“These are all decisions that the president made, not decisions that the bureaucracy somehow made for the president,” Schake said.

Even the French, America’s number one ally, erupted in anger when the Biden administration suddenly announced a nuclear submarine deal with Australia, undermining an earlier agreement between the French and Australian military – something President Biden had to apologize to the French President.

US President Joe Biden, left, and French President Emmanuel Macron greet before a meeting at La Villa Bonaparte in Rome, Friday, October 29, 2021.

US President Joe Biden, left, and French President Emmanuel Macron greet before a meeting at La Villa Bonaparte in Rome, Friday, October 29, 2021.
(AP Photo/Evan Vucci)

“Overall, most American allies around the world are much better aligned with the Biden administration than they were with the Trump administration,” Bremmer conceded.

But last week talks with the Russians ended without progress.

“The potential for the Russians to engage in material escalation vis-à-vis Ukraine and other issues involving fundamental European national security, and whether or not the Americans are able to respond effectively and multilaterally with our allies, I think that’s a really big question,” Bremmer said. “And frankly, that’s the most consequential geopolitical challenge Biden has faced so far in his freshman year.”

Putin remains poised to invade Ukraine with more than 100,000 troops, but experts say it’s unclear if Putin has made a final decision on what to do.

CLICK TO GET THE FOX NEWS APP

“The Biden administration handled this crisis pretty well. They realized early on that Russia was massing forces. They shared intelligence with NATO allies.. They aligned their allies on a common approach,” Schake said. “I’m not sure they really understood how literally unbelievable it would be, after they gave up on Afghanistan, to threaten to go to war. to defend Ukraine.”

Secretary of State Antony Blinken recently admitted that time is running out for a new deal with Iran. North Korea has tested several ballistic missiles, which the Pentagon fears may have included a hypersonic weapon. And Iran continues to support Shiite militias by sending drone strikes and rockets targeting the US military and its allies in Iraq and the Gulf. A year into the Biden administration, the foreign policy tests continue to mount.

]]> Disney Wait Figment Popcorn Bucket https://bridgevillestar.com/disney-wait-figment-popcorn-bucket/ Sun, 16 Jan 2022 01:38:30 +0000 https://bridgevillestar.com/disney-wait-figment-popcorn-bucket/

Of the new and returning food items at Epcot’s International Festival of the Arts (not pictured), the “Figment Popcorn Bucket” is proving to be the most popular. (AP Photo/John Raoux)

(NEXSTAR) – The Epcot International Festival of the Arts, which kicked off at Disney World on Jan. 14, would be a celebration of visual, culinary and performing artists from around the world, with galleries and exhibits scheduled through Feb. 21. . .

Judging by the first day of the festival, however, many visitors were only there for the commemorative buckets of popcorn.

Among the new food items at this year’s festival is the “Figment Popcorn Bucket”, modeled after a character from Epcot’s various iterations of the “Journey into Imagination” ride. Filled with rainbow-colored, dragon-shaped popcorn, the $25 bucket is one of the many novelties and treats at Pop Eats! booth at Epcot.

. Filled with rainbow-colored, dragon-shaped popcorn, the $25 bucket is among several new and returning food items at Epcot’s International Festival of the Arts. (Disney Parks Blog)

The bucket was also the star of the show on the first day of the festival, as fans (and online stockists) reportedly waited more than six hours to get their hands on it, according to guests and unofficial Disney blogs. Lines for Pop Eats! Also spanned a good chunk of Epcot, according to the video shared by WDW News Today, an unofficial site not affiliated with Disney World.

Guests and non-guests alike took to Twitter amid news of reported wait times, with much disbelief at Figment’s fervor.

“I love Disney but come on,” a user wrote.

“It’s the end of the day and the line for the bucket of Figment popcorn (and food) at Pop Eats is STILL estimated to be over two hours!!” another claimed.

Naturally, many buckets of Figment popcorn have since ended up on eBay, including one listed for up to $1,000. Most were much cheaper, though eBay recorded at least a few that sold for over $200.

However, not everyone was so enthusiastic about the Figment popcorn. Nearby Universal Orlando Resort reacted to news of Disney’s long lines on Twitter, trying to lure visitors to its own attractions.

“Meanwhile, Jurassic World #VelociCoaster is 35 minutes away,” Universal Orlando Resort tweeted Friday. “I’m just saying.”

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HUANENG POWER INTERNATIONAL, INC. DOMESTIC ELECTRICITY SOLD INCREASE BY 13.23% FOR THE YEAR 2021 https://bridgevillestar.com/huaneng-power-international-inc-domestic-electricity-sold-increase-by-13-23-for-the-year-2021/ Fri, 14 Jan 2022 14:43:00 +0000 https://bridgevillestar.com/huaneng-power-international-inc-domestic-electricity-sold-increase-by-13-23-for-the-year-2021/

BEIJING, January 14, 2022 /PRNewswire/ — Huaneng Power International, Inc. (“HPI”, the “Company”) (NYSE: HNP; HKEx: 902; SSE: 600011) today announced its electricity sales for the full year 2021 .

According to preliminary statistics from Huaneng Power International, Inc. (the “Company”), for the fourth quarter of 2021, the Company’s total electricity sold by power plants in China on a consolidated basis amounted to 107.050 billion kWh, an increase of 2.95% compared to the same period of 2020. For the whole of 2021, the total electricity sold by the power plants China on a consolidated basis amounted to 430.165 billion kWh, an increase of 13.23% compared to the same period of 2020. For the whole of 2021, the average settlement price of electricity on the Company’s network for its power plants in China has been RMB431.88 per MWh, which represents an increase of 4.41% compared to the same period of 2020. For the full year 2021, the Company’s market-based electricity sold ratio was 61.63 %, which represents an increase of 3.3 percentage points compared to the same period of 2020.

The increase in total electricity sold by the Corporation is mainly attributable to:

1. In 2021, sustained high demand for electricity nationwide has resulted in a significant increase in electricity generation. The Company’s power plants in areas such as Chongqing, Guangdong, Zhejiang, Shanghai, Fujian, Hunan, jiangsu, Gansu and Hubei experienced relatively strong growth in electricity generation;

2. Production from hydroelectric plants was lower than forecast, while thermal plants representing a higher percentage of the Company’s installed capacity supported rapid growth in electricity production. In addition, during the peak winter seasons, the Company’s thermal load remained at a high level, which further favored the growth of electricity production; and

3. The Company has continued to promote green and low-carbon transformation, resulting in rapid growth of new energy generation year by year.

The electricity sold (in 100 million kWh) of the Company in China are listed below:

Charcoal

938.73

0.93%

3,785.28

10.81%

Combined cycle

64.93

3.68%

268.67

26.24%

Wind power

55.01

41.99%

198.67

46.78%

PV

8.63

44.72%

34.08

46.90%

Heilongjiang Province

28.00

-20.75%

128.46

-2.96%

Charcoal

23.01

-26.82%

113.89

-5.00%

Wind power

4.68

30.87%

13.27

18.83%

PV

0.32

0.26%

1h30

-2.15%

Jilin Province

22.58

-9.03%

88.05

-15.21%

Charcoal

17.76

-12.41%

70.13

-21.03%

Wind power

3.20

-5.03%

11:45 a.m.

5.66%

Hydro-electricity

0.16

-17.21%

0.70

-6.60%

PV

0.59

11.08%

2.46

72.08%

Biomass energy

0.87

92.53%

3.31

63.89%

Liaoning Province

36.44

-25.24%

183.70

5.24%

Charcoal

34.86

-85.10%

177.77

5.30%

Wind power

1.16

21.54%

4.15

11.38%

Hydro-electricity

0.08

235.49%

0.29

-28.41%

PV

0.34

-9.80%

1.48

-6.80%

Inner Mongolia

1.98

221.45%

5.53

165.66%

Wind power

1.98

221.45%

5.53

165.66%

Hebei Province

25.84

-20.42%

106.08

-6.64%

Charcoal

23.22

-25.20%

99.76

-8.16%

Wind power

1.89

43.28%

5.11

14.58%

PV

0.74

520.40%

1.22

120.78%

Gansu Province

38.58

13.23%

143.82

15.09%

Charcoal

32.38

10.11%

119.12

16.79%

Wind power

6.20

32.91%

24.70

7.53%

Ningxia

0.03

-0.36%

0.22

-4.02%

PV

0.03

-0.36%

0.22

-4.02%

beijing

20.18

-14.18%

84.84

3.25%

Charcoal

6.47

163.70%

12.94

48.71%

Combined cycle

13.71

-34.90%

71.90

-2.14%

Tianjin

17.93

-9.15%

65.09

2.70%

Charcoal

12:42 p.m.

-13.04%

49.41

4.23%

Combined cycle

5.49

1.21%

15.54

-1.78%

PV

0.02

-28.17%

0.13

-8.14%

Shanxi Province

25.38

-18.11%

94.91

-6.33%

Charcoal

13.81

-31.77%

63.19

-15.31%

Combined cycle

8.10

-11.57%

19.97

-5.70%

Wind power

1.48

2392.69%

3.40

5630.21%

PV

1.99

29.78%

8.36

52.53%

Shandong Province

220.31

-1.03%

818.79

7.41%

Charcoal

214.06

-2.24%

796.87

6.30%

Wind power

4.19

58.15%

13.93

83.29%

PV

1.20

18.27%

5.20

3.29%

Biomass energy

0.87

——

2.78

——

Henan Province

49.85

-4.30%

217.04

8.79%

Charcoal

41.31

-13.54%

180.39

-1.36%

Combined cycle

0.08

-75.53%

2.18

-63.30%

Wind power

8.41

113.48%

34.23

227.37%

PV

0.06

31.92%

0.24

5.78%

Jiangsu Province

109.36

20.60%

427.17

19.96%

Charcoal

83.13

13.44%

323.35

11.33%

Combined cycle

15.03

64.50%

61.09

55.94%

Wind power

10.59

36.43%

40.10

61.84%

PV

0.62

21.42%

2.64

56.05%

Shanghai

51.35

10.90%

201.90

22.45%

Charcoal

48.74

12.69%

188.74

25.53%

Combined cycle

2.54

-14.99%

12.86

-10.71%

PV

0.07

8.38%

0.30

142.29%

Chongqing

35.31

41.33%

130.64

49.96%

Charcoal

27.39

27.02%

102.74

44.20%

Combined cycle

7.38

148.04%

25:25

86.96%

Wind power

0.54

21.17%

2.64

11.94%

zhejiang province

73.60

25.40%

316.49

31.21%

Charcoal

71.60

26.64%

305.26

30.72%

Combined cycle

1.59

-22.87%

10:39

45.34%

Wind power

0.28

——

0.28

——

PV

0.13

38.69%

0.55

4.20%

Hubei Province

44.28

7.05%

165.74

14.73%

Charcoal

42.27

7.04%

156.32

15.19%

Wind power

1.77

36.58%

6.56

20.99%

Hydro-electricity

0.19

-64.10%

2.64

-15.17%

PV

0.05

20.33%

0.22

1.81%

Hunan Province

31.63

16.37%

117.17

22.14%

Charcoal

29.46

15.63%

107.75

24.36%

Wind power

1.39

12.10%

6.20

7.07%

Hydro-electricity

0.68

76.37%

2.75

-10.51%

PV

0.10

25.37%

0.47

9.50%

Jiangxi Province

60.22

-0.52%

223.13

7.97%

Charcoal

56.89

-1.80%

210.25

7.01%

Wind power

2.22

19.09%

8.57

6.38%

PV

1.11

49.19%

4:30

102.29%

Anhui Province

18.96

3.24%

61.35

13.14%

Charcoal

16.82

3.35%

51.96

6.34%

Wind power

2.04

9.85%

8.07

90.08%

Hydro-electricity

0.10

-57.35%

1.32

18.05%

Fujian Province

45.86

11.63%

201.16

22.79%

Charcoal

45.83

11.64%

201.04

22.81%

PV

0.02

-9.20%

0.12

3.51%

Guangdong Province

67.48

7.91%

311.97

34.84%

Charcoal

58.53

5.86%

271.28

25.35%

Combined cycle

8.89

23.82%

40.44

174.92%

PV

0.06

-1.11%

0.25

6.26%

Guangxi

2.03

-8.28%

7.47

9.82%

Combined cycle

1.09

-9.00%

4.35

2.06%

Wind power

0.93

-7.44%

3.13

22.82%

Yunnan Province

20.16

-2.81%

82.39

13.60%

Charcoal

18.96

-2.59%

77.56

16.32%

Wind power

1.16

-1.06%

4.55

-17.19%

Hydro-electricity

0.04

-63.71%

0.28

-20.01%

Guizhou Province

1.43

145.73%

5.41

86.74%

Wind power

0.46

11.71%

1.85

-15.18%

PV

0.98

460.04%

3.55

399.97%

Hainan Province

21.72

11.43%

113.12

2.26%

Charcoal

19.82

14.98%

105.54

0.87%

Combined cycle

1.02

-7.58%

4.70

47.11%

Wind power

0.46

-16.16%

0.94

-14.89%

Hydro-electricity

0.21

-51.00%

0.88

29.71%

PV

0.20

18.26%

1.06

5.28%

Total

1,070.50

2.95%

4,301.65

13.23%

In the fourth quarter of 2021, the electricity production of Tuas Power Limited in Singapore, 100% owned by the Company, represented a market share of 17.1% in Singapore, a decrease of 4.1 percentage points compared to the same period of 2020; the annual cumulative power generation accounted for a market share of 19.2%, down 2.2 percentage points from the same period of 2020.

In the fourth quarter of 2021, the Company’s capacity in newly installed units is as follows: (unit: MW)

Unit Type

Installed capacity controlled

Installed capacity based on equity

thermal energy

2,000

1,000

Wind power

1,350.3

1,152.3

PV

331

287.8

Total

3,681.3

2,440.1

In addition, the installed capacity of certain power plants invested by the Company changed in the fourth quarter of 2021.

In conclusion, from December 31, 2021, the Company had a controlled installed capacity of 118,695 MW and an equity-based installed capacity of 103,875 MW.

About Huaneng Power International, Inc.

Huaneng Power International, Inc. is one of the China major listed power generators with a controlled generation capacity of 118,695 MW and an equity based generation capacity of 103,875 MW. The Company’s power plants are located in 26 provinces, autonomous regions and municipalities of China. The Company also owns a wholly-owned power company in Singapore, and a power company invested in Pakistan.

For any request, please contact:
Huaneng Power International, Inc.
Mr. CHEN Zhelu / Ms LIU Tianyu
Tel: (8610) 6322 6554 / 6322 6595
Fax: (8610) 6322 6888
E-mail: [email protected]

Wonderful Sky Limited Financial Group
M/s. Kitrina Yang / Mrs. Hester Li
Tel: (852) 3970 2171 / (852) 3970 2239
Fax: (852) 3102 0210
E-mail: [email protected]

SOURCE Huaneng Power International, Inc.

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Lincoln International Announces General Manager Promotions https://bridgevillestar.com/lincoln-international-announces-general-manager-promotions/ Wed, 12 Jan 2022 19:14:00 +0000 https://bridgevillestar.com/lincoln-international-announces-general-manager-promotions/

Matches last year’s firm record with 11 investment bankers promoted, fueling further growth

CHICAGO, January 12, 2022–(BUSINESS WIRE)–Lincoln International, a global investment banking advisory firm, is pleased to announce the promotion of eleven professionals to Chief Executive Officer (MD), effective January 1, 2022.

“The elevation of these influencers to MD rank comes after a year of tremendous activity and growth for Lincoln, which they helped spur,” said Rob Brown, Global Managing Director, Lincoln International. “Not only do these colleagues embody the values ​​that have been critical to our success, but they also represent all of the company’s consulting departments and five different countries around the world. Each personifies the attributes that make Lincoln a truly special place. to build a career, and we look forward to their continued contributions as stewards of our customers, our culture and our future.”

Eight of the promoted professionals provide mergers and acquisitions (M&A) advisory services, one each serves in the firm’s Capital Advisory and Valuations & Opinions groups and one provides financial sponsor coverage.

The majority of the professionals promoted began as partners within the firm. Their promotions demonstrate Lincoln’s ability to turn outstanding junior bankers into successful senior bankers.

Below are more details about Lincoln’s new CEOs, in alphabetical order:

Fredrick Bolander | Stockholm, Sweden
Fredrik provides advisory services on M&A transactions in the Nordic region. He brings nearly two decades of experience working in industry groups with a particular focus on financial sponsors. Prior to joining Lincoln as a Director in 2019, Fredrik was responsible for the Nordic region for HNC Advisors AG. He also worked for Deutsche Bank in Stockholm and London as Head of Nordic Financial Sponsors.

Matthew Buck | London, England
Matthew advises industrial clients on mergers and acquisitions in pursuit of their strategic objectives and ambitions. He has nearly 15 years of experience in mergers and acquisitions and has extensive experience working with industrial technology, aerospace and defense and automotive companies. Prior to joining Lincoln as a partner in 2010, Matthew worked in KPMG’s transactional services department, focusing on industrial clients.

Siebrecht-Declerck | Brussels, Belgium
Siebrecht founded Lincoln’s Brussels office and was instrumental in growing the Belgian team into one of the leading middle market M&A advisors in Belgium. Throughout his career, Siebrecht has focused on originating and executing mid-market M&A transactions in Belgium for a diverse set of clients, including private equity groups, large corporations, entrepreneurs and the public sector. Before joining Lincoln as a director in 2018, Siebrecht worked at Rothschild & Co. in Brussels.

Brian Goodwin | Chicago, Ill.
Brian has significant experience leading M&A transactions for industrial growth companies with significant investments in precision engineering, advanced manufacturing and Industry 4.0, electrification and energy, durability and packaging. Prior to joining Lincoln as a partner in 2013, after graduating from Columbia Business School’s MBA program, Brian worked in Glenview Capital Management’s proprietary research group and the asset-backed securities group. by Fitch Ratings.

Neal Hawkin | Chicago, Ill.
Neal advises private equity and debt funds on the fair value of illiquid assets for clients including business development firms, private debt funds, private equity firms, hedge funds and others financial institutions in evaluating their debt, equity and alternative investments. Prior to joining Lincoln as vice president in 2015, Neal was vice president at Verit Advisors and began his career at Bank of America.

Angel Juan | Madrid, Spain
Angel leads the execution of M&A transactions in the business services, consumer and industrials sectors. Angel advises leading private equity funds, infrastructure funds and institutional investors, both Spanish and international, on a variety of mergers and acquisitions, leveraged buyouts, fundraising, incorporation of new shareholders , debt restructuring and independent valuations. Prior to joining Lincoln as a director in 2017, Angel spent much of his professional career at 360 Corporate.

Anant Kapoor | London, England
Anant provides M&A advisory services to clients in the technology, media and telecommunications (TMT) industry. Anant has worked with companies in the TMT industry, including companies in the IT services, communications technology, systems integration, software and software development industries. Prior to joining Lincoln as vice president in 2017, Anant focused on mergers and acquisitions at Canaccord Genuity and Livingstone Partners.

Eddie Krule | Chicago, Ill.
Eddie has significant experience advising companies in the consumer sector, particularly companies in the e-commerce ecosystem, including Amazon native platforms, direct-to-consumer brands, marketplaces e-commerce or omnichannel consumer businesses with primarily disruptive digital strategies. Prior to joining Lincoln as an associate in 2015, Eddie worked in the Consumer Group of Bank of America Merrill Lynch.

Justin May | Chicago, Ill.
Justin advises corporations and private equity firms on structuring and arranging the financing of acquisitions, leveraged buyouts, dividend recapitalizations, refinancings and growth initiatives. Justin’s primary focus is arranging financing for companies in the TMT industry. Prior to joining Lincoln as an associate in 2014, Justin executed middle market debt investments at Madison Capital Funding.

Scott Molinaro | Chicago, Ill.
Scott provides M&A advisory services to owners and operators of assets in the building products industry in residential, non-residential new construction, repair, remodeling and remodeling verticals. Prior to joining Lincoln in 2013 as an associate, after graduating from Northwestern University’s Kellogg School of Management MBA program, Scott worked as an equity research analyst at Spot Trading LLC.

Michael Piric | Los Angeles, California
Michael is responsible for establishing and strengthening Lincoln’s relationships with financial sponsors on the West Coast. Michael has significant investment banking experience across a wide range of products and industries. Prior to joining Lincoln as a partner in 2014, Michael was a partner in the TMT group of Barclays Capital.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20220112005303/en/

Contacts

Donna McSorley
+1 (973) 886-1832

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SK Global acquires critical content from unscripted TV producer – The Hollywood Reporter https://bridgevillestar.com/sk-global-acquires-critical-content-from-unscripted-tv-producer-the-hollywood-reporter/ Mon, 10 Jan 2022 22:50:52 +0000 https://bridgevillestar.com/sk-global-acquires-critical-content-from-unscripted-tv-producer-the-hollywood-reporter/

SK Global acquired Critical Content, the former Relativity spin-off television company, from Anchorage Capital Group.

Terms of the deal for the company formerly known as Relativity TV were not disclosed, but the deal for Tom Forman’s studio allows the Crazy Rich Asians film producer to embark on unscripted television production.

Forman will remain CEO of Critical Content and Jenny Daly will remain President of the company. Critical Content develops, finances, produces and distributes programs for broadcast, cable and streaming platforms.

Anchorage Capital Group bought the television assets of Relativity Media in late 2015 and gave Forman and the company a capital injection of $ 75 million. The deal for Critical Content was unveiled by SK Global chairman Sidney Kimmel and co-CEOs Charlie Corwin and John Penotti.

“SK Global is in growth mode and this acquisition represents the expansion of our content and capabilities with the addition of Critical Content’s unmatched unscripted expertise. Tom, Jenny and the Critical Content team have built a powerful business that excels in non-fiction and has successfully grown their business with a wide range of programming across all major streaming platforms, ”said Kimmel and Penotti in a statement.

Besides the MTV franchise Catfish, Critical Content has a list of lifestyle and documentaries for Netflix that includes the Emmy-nominated decluttering series Get organized with The Home Edit and The most incredible vacations in the world.

“We are delighted to have landed with SK Global, whose business strategy and proven leadership team have made it the company best positioned to fuel our expansion into new territories and innovative business opportunities. As we integrate quickly, we look forward to joining forces with Charlie and John to create impactful premium content with SK Global, ”added Forman and Daly in their own statement.

SK Global was represented in the case by Eisner LLP and Bryor Media Partners. Anchorage Capital Group was represented by Sheppard Mullin and ACF Investment Bank.

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Omicron variant, Covid tests and Booster news: live updates https://bridgevillestar.com/omicron-variant-covid-tests-and-booster-news-live-updates/ Sun, 09 Jan 2022 02:49:00 +0000 https://bridgevillestar.com/omicron-variant-covid-tests-and-booster-news-live-updates/
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Credit…Dustin Chambers for The New York Times

Many Americans have stood in long lines at free test sites since before the Christmas and New Years holiday rush. Many more bypass the lines and pay $ 20 or more for tests in. over-the-counter home sales – if they can find one.

Running out of options, some have gone to overcrowded emergency rooms hoping to get tested, putting themselves and others at greater risk and potentially delaying emergency care for those who are ill. and injured.

“The current demand for testing far exceeds the available testing resources,” said Michael T. Osterholm, epidemiologist and director of the Center for Infectious Disease Research and Policy at the University of Minnesota.

This was evident this week, as many people searched for tests to take before returning to school or work. President Biden addressed the issue last month by announcing that 500 million tests would be available for free starting in January. But his administration has not given a launch date for the program, and that number of tests won’t go far in a country of some 330 million people.

Jenna Zitomer, 25, said her family of five in Westchester, NY, spent around $ 680 on rapid tests in recent months. “It’s pretty crazy, especially since it’s well over half of a salary for me,” said research scientist Ms. Zitomer. “It sounds like something we have to start budgeting every month now, like groceries or utilities. For my family, not having access to the tests could mean exposing several severely immunocompromised people to Covid-19. It basically makes it life or death.

Ms. Zitomer added that at her local test center, “the lines have gotten so long that they have started canceling appointments and full test days because drive-thru lines are causing traffic problems.” .

Britt Crow-Miller, 35, a lecturer at the University of Massachusetts at Amherst, said her family spent around $ 500 on home testing kits. With two adults and three children, a single ride costs around $ 100. “Who can afford that every time someone sniffs?” ” she said. “As someone lucky enough to be a good employee and have a partner who is also well employed, I am very aware that home testing is essentially a luxury.”

And yet Mrs Crow-Miller said that if one of the children “wakes up with a sore throat, I don’t feel like a responsible member of the community who sends him to school without giving him a call. first take a test “.

Elizabeth Sasser, 24, a network planning analyst living in Syracuse, NY, said her expenses for the tests – around $ 300 – were well spent. “My family has also had asymptomatic positives,” she said, “which probably would have led to more infections if it had not been for the prior purchase of home tests.”

There have been gaps in testing capacity since the start of the pandemic.

In early 2020, researchers rushed to find the swabs and fluids needed to collect and store the samples sent to labs for polymerase chain reaction, or PCR, testing, considered the gold standard for detection. viral. Backlogs in testing in the United States continued that summer, in part due to a shortage of tiny pieces of tapered plastic, called pipette tips, which are used to quickly and precisely move liquid between vials.

Equipment shortages are no longer the weakest link in the supply chain, but new problems have arisen. The first is simply that demand exceeds supply.

There is also preliminary evidence that the home antigen tests that many Americans rely on – at least as currently administered, with a nasal swab – may fail to detect some cases of Omicron over the years. first days of infection. Researchers say Omicron replicates faster or earlier in the throat and mouth than in the nose.

This could complicate the strategy to fend off the current wave, in which the latest data from the Centers for Disease Control and Prevention indicates that Omicron accounts for 95% of new cases.

Home testing, which can provide results within minutes, remains an important public health tool, scientists say. Positive results are particularly informative as it can take days to get PCR test results. But a negative home test should be treated with caution.

“Everyone wants these tests to do more than they can,” said Dr Osterholm.

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More than 300 million cases of coronavirus worldwide https://bridgevillestar.com/more-than-300-million-cases-of-coronavirus-worldwide/ Fri, 07 Jan 2022 10:48:00 +0000 https://bridgevillestar.com/more-than-300-million-cases-of-coronavirus-worldwide/
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Credit…Matt Dunham / Associated press

It took more than a year for the world to register the first 100 million cases of coronavirus, and half that time to count the next 100 million.

The third 100 million has arrived even faster, in just five months, as large segments of countries, rich and poor alike, remain unvaccinated and a new, rapidly spreading variant has been shown to be able to infect even those who are.

The number of cases, while imperfect, has been a key barometer throughout the pandemic, a benchmark not only for governments implementing mitigation measures, but also for people trying to discern the threat in their lives. own communities. Yet the surpassing of 300 million known cases – a milestone that was reached Thursday, according to the Center for Systems Science and Engineering at Johns Hopkins University – comes as a growing number of experts argue it’s time. to stop focusing on the number of cases.

So far, the new Omicron variant appears to be producing serious illness in fewer people than previous versions of the virus, and research indicates that Covid vaccines still offer protection against worse outcomes. And although cases are increasing faster than ever – the United States, Australia, France and many other countries are seeing record increases – hospitalizations and deaths from Covid are increasing more slowly.

But experts fear the large number of possible cases may still weigh on health systems already strained by previous waves of infection.

7 day average

1 966 759

Source: Center for Systems Science and Engineering (CSSE) at Johns Hopkins University, US and local health agencies. Daily cases are the number of new cases reported each day. The seven-day average is the average of one day and the previous six days of data.

This week, Dr Anthony S. Fauci, the US government’s top infectious disease expert, suggested it was time to stop focusing on the number of cases.

“As you go along and the infections get less severe, it’s much more relevant to focus on hospitalizations,” Dr Fauci told ABC News on Sunday.

About 60% of the world has received at least a single dose of a Covid vaccine, but almost three-quarters of all vaccines have been given in the richest countries of the world, leaving people in parts of Africa and d ‘Vulnerable Asia.

In the United States, the number of cases averages 610,000 per day, a 227% increase from two weeks ago. Hospitalizations are increasing at a slower rate, up 60% in the past two weeks, while deaths are up 2%. In France, the average number of daily cases has quadrupled to a record high, while hospitalizations have increased by around 70% and deaths have doubled, according to the Our World in Data project at the University of Oxford.

The trend suggests that the grim pace seen over the past two years – a wave of infections, followed by a corresponding increase in hospitalizations, and then deaths – has been altered, in large part because of the protection offered by vaccines. .

And due to the increasing availability of home testing in the United States and Europe, the official numbers of cases – which scientists have long argued is undercoverage – may diverge more than never actual totals. Not all home tests are reported to authorities, and many people may never get tested. Even before the emergence of Omicron, the Centers for Disease Control and Prevention estimated that only one in four infections in the United States had been reported.

The numbers of cases “certainly mean less than they did” earlier in the pandemic, said Robert West, professor of health psychology at University College of London. “If we had had this number of infections, we would have had an astronomical number of deaths.”

Yet the known death toll remains devastating: over 830,000 in the United States, 620,000 in Brazil, nearly half a million in India. In many developing countries with huge gaps in health data, the true number may never be known.

And Omicron’s impact could be more severe among populations less protected from vaccines. Some of the fastest increases in cases are occurring in African countries, which have the lowest vaccination rates. Less than a handful of countries on the continent are on track to meet the World Health Organization‘s goal of giving two doses to 70 percent of their population, even as rich countries have offered a third. .

“Recall after recall in a small number of countries will not end a pandemic as long as billions remain completely unprotected,” WHO director-general Tedros Adhanom Ghebreyesus said on Thursday.

What is clear, according to many experts, is that the virus is likely to become endemic, something the world will have to live with for years to come, like the flu – and that by the time the world registers 400 million case, as it surely goes, this statistic will mean even less than it does now.

“I think when we had the first wave a lot of people felt – not experts, but the public and many politicians felt – that if we could only weather the storm, we could come out the other side at summer 2020 and everything would be rosy, ”said Professor West. “We now know that will never be true. “

Anna schaverien contributed reports.

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FIXED UPDATE 2 Drone attack on US forces foiled west of Baghdad https://bridgevillestar.com/fixed-update-2-drone-attack-on-us-forces-foiled-west-of-baghdad/ Wed, 05 Jan 2022 07:15:00 +0000 https://bridgevillestar.com/fixed-update-2-drone-attack-on-us-forces-foiled-west-of-baghdad/

BAGHDAD, January 4 (Reuters) – Two drones loaded with explosives were shot down by Iraqi air defenses on Tuesday as they approached the Ain al-Asad air base, home to US forces, in the west of Baghdad, according to an official of the international organization led by the United States. said the military coalition.

In recent weeks, US officials had warned that they expected attacks on US forces in Iraq and Syria to increase, in part because of the second anniversary of the murder of Iranian General Qassem Soleimani.

A similar attack was foiled on Monday, when Iraqi air defenses shot down two drones as they approached a base housing US forces near Baghdad International Airport.

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Separately, another coalition official told Reuters that the coalition carried out strikes against an “imminent threat” after seeing several rocket launch sites near the Green Village in Syria.

Although the official did not say which coalition country led the strikes or who was responsible for the launch sites, Iranian-backed militias have sometimes targeted US forces in Iraq and Syria.

In Washington, the Pentagon said the coalition strikes in Syria were not carried out by air, but did not provide further details of the threat.

“I am not in a position now to enter into a specific attribution. That said, we continue to see threats against our forces in Iraq and Syria by militias supported by Iran,” the spokesman said. Pentagon John Kirby to reporters.

The United States leads the international military coalition that fights Islamic State militants in Iraq and Syria.

There are approximately 900 US troops in Syria and 2,500 more in Iraq.

Soleimani was killed on January 3, 2020 in a drone strike near Baghdad airport ordered by then-US President Donald Trump.

Iranian President Ebrahim Raisi said on Monday that Trump must stand trial for the murder or else Tehran would take revenge. Read more

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Report on Ahmed Rasheed in Baghdad, Idrees Ali and Phil Stewart in Washington; Written by Maher Chmaytelli; Editing by Howard Goller and Rosalba O’Brien

Our Standards: Thomson Reuters Trust Principles.

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