Civil rights attorney tells 'Hannity' the mayor appears 'on the side of criminals'
Civil rights attorney tells 'Hannity' the mayor appears 'on the side of criminals'
The "Lipid Nutrition Market Size, Share & Analysis, By Type By Source Type By Form Type, By Application, By Region, Global Forecast To 2028" report has been added to ResearchAndMarkets.com's offering.
DUBLIN, Ireland, May 06, 2021 (GLOBE NEWSWIRE) -- Fusion Fuel Green PLC (NASDAQ: HTOO), ("Fusion Fuel", or "the Company"), a green hydrogen technology company, is pleased to announce that it reached a collaboration agreement with Consolidated Contractors Group S.A.L. (Offshore) (“CCC”), to develop green hydrogen plants in the Middle East. CCC and Fusion Fuel have agreed to cooperate on projects involving the production of green hydrogen for potential clients in the refining and petrochemical industries in order to reduce their carbon footprint. The companies plan to develop demonstrator plants in several countries in the region, namely Oman, Kuwait, and Qatar. “We are delighted to be partnering with the CCC to open this new market,” explained Joao Wahnon, Head of Business Development at Fusion Fuel. “The Middle East represents a big opportunity and a very promising region for us, given the high levels of solar exposure, strong appetite for green hydrogen projects, and strategic geographic position between Europe and Asia. We are excited to bring Fusion Fuel's revolutionary technology to the Middle East.” Dori Barakat, Director of Business Development at CCC added: “We are very pleased to cooperate with Fusion Fuel towards the building of Green Hydrogen and Ammonia plants and to bring our expertise in construction projects, particularly in the Middle East. This cooperation between our companies will generate new opportunities in the development of green energies.” About CCC Consolidated Contractors Group S.A.L. (Offshore) (“CCC”), is a globally diversified company specializing in Engineering and Construction. Since its formation in 1952, CCC has become one of the leading international contractors with a worldwide turnover of over US$ 4 Billion and managing 60,000 personnel composed of more than 80 nationalities. The Consolidated Contractors Group has established a strong market presence in the Middle East, Africa, and CIS countries. Through 7 decades of growth, the Group has been successful in the highly competitive construction industry by drawing on the unique experience, skills, and knowledge of all the members of its Group. CCC Group diverse portfolio captures all aspects of the Engineering, Procurement and Construction (EPC) value chain, starting with Feasibility Studies, into Design, Procurement, Construction, Commissioning, Operations, and Maintenance as well as Project Development for various sectors including Oil & Gas, Buildings & Civil Engineering Works, Pipelines, Marine Works, Heavy and Light Industrial Plants and Maintenance of Mechanical Installations and Underwater Structures. The company values are a family legacy carried by the founders and transplanted into the organization. These values are reflected in its projects’ enduring quality, high safety records, and high ethical standards. It is committed to responsible growth, serving local communities and society, and respecting the environment. About Fusion Fuel Green plc. Fusion Fuel Green plc. is an emerging leader in the green hydrogen space, committed to accelerating the energy transition and decarbonizing the global energy system by making zero-emissions green hydrogen commercially viable and accessible. Fusion Fuel has created a revolutionary proprietary electrolyzer solution that allows it to produce hydrogen at highly competitive costs using renewable energy, resulting in zero-carbon emissions. Fusion Fuel’s business lines includes the sale of electrolyzer technology to customers interested in building their own green hydrogen capacity, the development of hydrogen plants to be owned and operated by Fusion Fuel and active management of the portfolio of such hydrogen plants as assets, and the sale of green hydrogen as a commodity to end-users through long-term hydrogen purchase agreements. Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “could,” “target,” “potential,” “is likely,” “will,” “expect” and similar expressions, as they relate to us, are intended to identify forward-looking statements. The Company has based these forward-looking statements largely on our current expectations and projections about future events and financial trends that we believe may affect our financial condition, results of operations, business strategy and financial needs. Some or all of the results anticipated by these forward-looking statements may not be achieved. Further information on the Company’s risk factors is contained in our filings with the SEC. Any forward-looking statement made by us herein speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. The Company undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law. Investor Relations Contactir@fusion-fuel.eu For more information, please visit https://www.fusion-fuel.eu
European stocks edged lower on Thursday, with the travel sector leading declines on weak results from Britain's Trainline, while food and beverage stocks hit a 14-month high on a batch of strong earnings. The pan-European STOXX 600 index closed 0.1% lower. The travel and leisure sector was the worst performer, falling 1.7% after UK rail operator Trainline reported an annual loss.
A new study has shown 140 experts 'substantially under-estimated' how devastating the coronavirus pandemic would be in the UK.
EXCLUSIVE: Deadline has the first exclusive track from the score for Those Who Wish Me Dead, composed by Brian Tyler (Crazy Rich Asians, the upcoming F9). WaterTower Music will release the full 17-track soundtrack for the New Line thriller, starring Oscar winner Angelina Jolie, on May 7. Directed by Oscar-nominated writer-director Taylor Sheridan (Hell or High Water, […]
EXCLUSIVE: With his new Marvel series Loki set to bow next month, Owen Wilson looks to have found his next feature film as he is set to star in Paramount’s Secret Headquarters with Project Power directing duo Henry Joost and Ariel Schulman. Jerry Bruckheimer will produce. Joost & Schulman & Josh Koenigsberg are writing the current draft. The story is from […]
Brianna Shebby is moving from WME to UTA. Shebby, who was an agent in WME’s Non-Scripted Television department, is joining UTA as an agent in its unscripted television department. It comes after the agency restructured the division last October with the appointment of David Kirsch and Geoff Suddleson as co-heads of the agency’s unscripted television department. She […]
Matt Taibbi’s “Hate Inc.: Why Today’s Media Makes Us Despise One Another” has been optioned by Vespucci, a media company that has made a practice of teaming up with journalists on movies, shows and podcasts. Vespucci partnered with Charles Dorfman’s production company Samuel Marshall Films to option the rights to the non-fiction book. The plan […]
The board of directors of Eastman Chemical Company has declared a quarterly cash dividend of $0.69 per share on the company's common stock.
Corporate Office Properties Trust (NYSE: OFC) ("COPT" or the "Company") executed a long-term lease with a Fortune 500 company for a 265,000 square foot, build-to-suit development in Northern Virginia. The facility is scheduled for shell completion in the second quarter of 2022.
Transaction in own shares
Keeping the mantra "strength is a state of mind" at the forefront, the Rock n’ Roll-inspired graphics emphasize music’s ability to impact your attitude, mindset, and drive.
EXCLUSIVE: Alison Brie, Aubrey Plaza, Alessandro Nivola, Molly Shannon and Lil Rel Howery are set to star in Spin Me Round, an indie comedy directed by Jeff Baena from a script he wrote with Brie. Pic will be produced by the Duplass Brothers Productions and Limelight, the latter of which is fully financing the picture. […]
(Bloomberg) -- Treasury Secretary Janet Yellen faces the challenge of speeding a debt-ceiling increase through Congress without shaking investor confidence, a potentially difficult task even with Democrats controlling both chambers and the White House.The current suspension of the U.S. borrowing limit expires on Aug. 1, and the Treasury Department on Wednesday cautioned that if Congress fails to act, the administration would have to shift federal funding to make good on debt payments. Officials are looking at scenarios where those accounting measures “could be exhausted much more quickly” than previously, the department said.Even if the Treasury could stave off any default for months, as during past occasions when congressional talks dragged out before a final resolution, investors face the risk of disruption this summer. Officials would likely need to sharply cut sales of Treasury bills, at a time when traders have already complained about scarcity and some auctions have featured yields at 0%.It all poses a negotiating and messaging challenge for Yellen, who this week saw the consequence of a miscue in public communications. Stocks dropped briefly after an unexpected comment on the potential for higher interest rates in order to stem “overheating” risks in the wake of heightened government spending.Read More: Yellen Clarifies Inflation Remark, Sees No Need for Fed to HikeWhile President Joe Biden has relied on a diverse group of White House aides and cabinet members to help sell the March $1.9 trillion pandemic-relief bill and the proposed $4 trillion of longer-term economic measures, responsibility for the debt limit falls squarely on Yellen’s shoulders.The ceiling was suspended under a 2019 agreement between the Trump administration and Congress. It’s been a political football in the past because voting for an increase can invite political attacks over ramping up the debt burden for future generations.Yellen will need Congress to refrain from political brinkmanship and avoid any disruption -- at worst a default or government shutdown -- that would undermine the recovery from the pandemic.Navigating the debt limit debate is also a test of unity within the Democratic Party. With slim majorities in both chambers of Congress, Democrats are widely expected to raise the debt ceiling using a fast-track budget tool enabling them to bypass a Senate Republican filibuster. That would deprive the GOP of being able to use the debt ceiling as leverage in exchange for spending cuts.Yet pushing through a debt-limit increase using that tactic could mean wrapping it together with a raft of spending and tax measures that follow through on Biden’s longer-term economic proposals.Grand CompromiseThat in turn means Democrats would have to unify behind a grand compromise in the weeks after the Aug. 1 end of the debt limit suspension, before Treasury measures run out.“The U.S. is not going to default on its debt, but financial markets will not be fully relieved until we hear from conservative Democrats that they will support raising the debt ceiling,” said Edward Moya, a senior market analyst at OANDA Corp., a trading firm.He referred to the “political theater” of 2011 between Republicans and the Obama administration that led to the shock downgrade of the U.S. sovereign rating by Standard & Poor’s.One complication this year is the unusual pattern of Treasury debt issuance. The department ramped up sales of short-dated securities in 2020 and accumulated a massive $1.8 trillion stockpile of cash to prepare for any Covid-19 spending needs or revenue shortfalls. Now that it’s working that cash down, it’s selling much less in T-bills -- causing ripples in markets.‘Elevated Risks’Those ripples could become a whole lot bigger if the debt limit isn’t raised by July 31.“Elevated risks of volatility in money markets remain as this date approaches and Treasury bills outstanding decline,” a Treasury advisory group made up of investors and bond dealers told Yellen in a letter on Tuesday. The group “strongly urges Congress to suspend or raise the debt limit in a timely manner.”Bharat Ramamurti, deputy director of the National Economic Council, said on Bloomberg TV Wednesday, “Our expectation and our hope is that Congress would do the same” as during Republican administrations, when there were bipartisan votes to raise or suspend the debt limit.Even so, moderate House Democrats facing an uphill battle to keep their seats in the 2022 midterm elections may be reluctant to vote for increasing debt without at least some kind of budget reforms -- such as changing rules to force lawmakers to adopt an annual federal budget or forgo their paychecks.The Treasury probably has until after the start of the 2022 fiscal year on Oct. 1 until “the federal government will no longer be able to meet all its obligations in full and on time,” the Bipartisan Policy Center said in a statement.In a worst-case scenario, there could be a fallback option to buy time. During the Obama administration, the Treasury crafted a secret plan to prioritize debt payments if the U.S. government reached its statutory limit on borrowing. It was widely panned, and never used. But when Brian Smith, the Treasury’s deputy assistant secretary for federal finance, was asked about whether such a blueprint were on the table, he declined to respond.(Adds reference to estimate for end of Treasury’s room to maneuver, in penultimate paragraph. A previous version corrected the third paragraph to show bills hand’t been auctioned at negative yields.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
"She didn't bat an eyelid."
Dassault Aviation launched a new long-range "flying penthouse" on Thursday in a bid to challenge rivals serving the ultra-wealthy and heads of state at the top end of the luxury jet market. The Falcon 10X will be the French planemaker's most powerful model, with a range of 7,500 nautical miles (13,890 km), and compete with high-end models offered by Canada's Bombardier and General Dynamics unit Gulfstream. It will enter service in late 2025 and - in a first for a commercial jet - come equipped with Rolls-Royce Pearl engines designed to run entirely on sustainable aviation fuel, Dassault said.
(Bloomberg) -- The dust hadn’t yet settled on Archegos Capital Management’s implosion, when hedge funds started shifting their bets toward banks that avoided getting hurt, hoping to keep leveraging up just like before. Good luck with that.For weeks behind the scenes, Wall Street’s giants have been autopsying failures at rivals including Credit Suisse Group AG and Nomura Holdings Inc., identifying risks that they plan to address by more thoroughly vetting hedge funds or imposing more onerous terms on their trades, according to people close to the discussions. No one wants to be the next to tell shareholders and regulators how they failed to heed the lessons of Archegos.Inside Bank of America Corp., which refused to do business with Archegos, Chief Executive Officer Brian Moynihan has been quizzing subordinates on what more is needed to protect the firm. The episode has hardened the resolve of Wells Fargo & Co. executives that low-risk margin lending is wiser, even if less profitable. UBS Group AG CEO Ralph Hamers has signaled that clients will have to hand over more information when borrowing.And in New York, managers of small hedge funds who lack the negotiating clout of trading whales are grousing. For the little guy especially, the saga will make it harder to borrow money from banks to finance bets.While specific measures will vary by bank and client -- and in many cases are still being ironed out -- the talks and tensions point to greater pressure on clients to reveal their biggest wagers, stricter margin limits on those positions, more frequent collateral adjustments and more rigorous audits. The deliberations were described by executives close to prime brokerage desks and money managers.“There will be more calories expended, both in terms of those desks doing due diligence in the market as well as in some cases they may outright ask clients about that,” Mike Edwards, deputy chief investment officer at Weiss Multi-Strategy Advisers, a $3 billion hedge fund. Previously, it was “not a requirement at most places that you would disclose to a swap counterparty that you have the same position on at multiple places.”Two Sigma’s MoveThe thirst from banks to boost business with clients like Bill Hwang’s Archegos allowed him to shop for the most generous terms and amplify his wagers. He was able to parlay over $20 billion of his fortune into total bets that exceeded $100 billion, built on the back of banks tripping over each other to fuel his leveraged empire. Hwang used that to to make aggressive asks, demanding strikingly off-market margin terms -- such as $8.50 in leverage for every $1 he put in -- for building his book in Chinese stocks. Some banks demurred, others played ball.In the wake of his fund’s collapse, it’s less likely that other hedge funds will be able to win such terms. Bank officials declined to be interviewed.No bank got hit harder than Credit Suisse when Archegos was unable to meet margin calls from prime brokers in March. The Swiss bank lost more than $5.5 billion after losing a race with peers to sell off the family office’s unusually concentrated and leveraged bets on stocks, in a portfolio that swelled to more than $100 billion.Not too long after, Two Sigma heard from contacts at Credit Suisse, according to people with knowledge of the exchange: Could the investment firm please trim its exposure and move a few billion dollars somewhere else?It wasn’t a hardship; investment firms as big as the $58 billion quant money manager are used to shifting between brokerages. But it adds to a broader outflow, as Credit Suisse adjusts risk tolerances and practices, slashing lending to hedge funds by a third. Hedge fund manager Marshall Wace, with more than $50 billion in assets, also shifted business from Credit Suisse to some U.S. banks, a person familiar with the matter said last month.Unusual ReviewWithin days of the Archegos blowup in March, Deutsche Bank AG and BNP Paribas SA alone had received more than $10 billion in inflows from a number of clients pulling away from Credit Suisse, according to a person with knowledge of the moves. The investors included D.E. Shaw, Two Sigma and Marshall Wace. Representatives for the firms declined to comment.Additional inflow recipients include Goldman Sachs Group Inc. and Bank of America, according to people with knowledge of their businesses, both of which are working on measures to keep risks in check.Inside Bank of America, executives fielding that money have been conducting an unusual review: Examining what went right in the lender’s decision to refuse Archegos as a client this year. That could help the firm avoid potential headaches. Discussions there have revolved, in part, around boosting collateral for certain types of swaps, depending on the situation.When Archegos came up at the bank’s annual meeting last month, Moynihan lauded senior executives for paying close attention to the amount of risk the board is willing to take.Archegos had around $3 billion at the start of 2020 before it lost roughly half within a few months, according to a bank executive that worked with the investment firm. By March of this year its portfolio had soared to $23 billion -- making it a prized customer at a handful of banks around the world.Warning SignsReviews by prime brokers have pointed to an array of warning signs that not everyone heeded, such as the dramatic month-to-month swings in the value of its portfolio. There also was its heavy preference for swaps -- rather than direct stakes -- that hid its concentration of bets on a handful of companies. And it used an accounting firm not normally associated with money managers commanding so much firepower.As Archegos swelled, the reaction among prime brokerage managers was split: At one bank, they expressed amazement to colleagues, at another executives saw it as radioactive and steered clear. Employees at that firm have since been examining other hedge fund clients for similar patterns and expect to have conversations with some about adjusting the terms of their business.Many big hedge funds set up multiple prime brokerage relationships, sometimes using a few of the industry’s giants -- JPMorgan Chase & Co., Goldman Sachs and Morgan Stanley -- as well as a few others such as Credit Suisse for supplementary leverage on their bets.But managers overseeing smaller mounts of money typically find they don’t have as many options. Though some banks such as Morgan Stanley make a point of serving fledgling funds, smaller money managers say they generally face more-onerous terms on trades.Worsening TermsThe Archegos blowup is going to make that situation all the worse, two veteran managers atop smaller firms said. Deeper due diligence costs prime brokerages time and money. Fewer mid-sized prime brokerages will offer as much margin or the breaks on trading terms that were available just months ago. The money managers worry that they face a more take-it-or-leave-it environment than interest in doing business.The frustrations over Archegos are shared by bigger firms too.In a letter to investors, Marshall Wace co-founder Paul Marshall raged over how Archegos caught prime brokers by surprise using opaque swaps.“The prime brokers have paid the price for extending so much risk,” he wrote last month, chiding them for not asking enough questions. “PBs will improve.”(Updates with moves by investors including D.E. Shaw in 12th paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
The "Coronavirus Test Kits Market in North America 2021-2025" report has been added to ResearchAndMarkets.com's offering.
Husch Blackwell Strategies (HBS) launches affiliated public engagement firm, HBS+ based in Washington - designed to support traditional lobbying.
(Bloomberg) -- Stocks climbed as data showing the world’s largest economy is strengthening rapidly overshadowed inflation worries. Gold and silver rallied. The dollar retreated.The S&P 500 wiped out earlier losses, with most major groups rising, while the Dow Jones Industrial Average hit an all-time high. Shares of vaccine makers trimmed declines as German Chancellor Angela Merkel weighed in against a U.S. proposal to waive patent protections for Covid-19 shots. PayPal Holdings Inc. jumped as its results topped Wall Street estimates. Coinbase Global Inc., the operator of the biggest U.S. cryptocurrency, sank to a record low as investors fled high-flying market newcomers.Applications for U.S. state unemployment insurance fell last week to a fresh pandemic low as labor market conditions continued to improve and the economy reopened more broadly. Traders are now awaiting Friday’s employment report, which is expected to show the U.S. added about 1 million jobs in April -- a sign that fewer business restrictions are bringing more Americans back to work.“With jobless claims hitting a pandemic-era low, anticipation for the full jobs picture tomorrow mounts,” said Mike Loewengart, managing director of investment strategy at E*Trade Financial. “Today’s read is another proof point that we’re one step closer to full economic recovery. As we see some serious momentum building on the jobs front, all eyes will be on how this plays into action taken by the Fed.”After closing at a fresh high on Wednesday, the Dow Jones Transportation Average -- considered a barometer of economy activity -- surged 25% above its 200-day moving average. The move could be “perceived as indicative of strength likely to continue in the broader equity market,” said Bloomberg Intelligence’s Gina Martin Adams.These are the main moves in markets:StocksThe S&P 500 rose 0.4% as of 12:25 p.m. New York timeThe Nasdaq 100 rose 0.5%The Dow Jones Industrial Average rose 0.5%The MSCI World index rose 0.4%CurrenciesThe Bloomberg Dollar Spot Index fell 0.3%The euro rose 0.4% to $1.2053The British pound was little changed at $1.3893The Japanese yen was little changed at 109.11 per dollarBondsThe yield on 10-year Treasuries was little changed at 1.57%Germany’s 10-year yield was little changed at -0.23%Britain’s 10-year yield declined three basis points to 0.79%CommoditiesWest Texas Intermediate crude fell 1.1% to $65 a barrelGold futures rose 1.8% to $1,816 an ounceFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.