- April 23, 2024
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Mr Weerapat Kiatfuengfu The Director of the Energy Policy and Planning Office (EPPO) revealed that the EPPO has been following the world oil price situation in March. 2024 found that crude oil prices tend to increase compared to the previous February. This is because the price of crude oil rose to the highest level in 4 months after the International Energy Agency (IEA) raised its forecast for oil demand growth in 2024, which is expected to increase by 1.3 million barrels per day to 103.2 million per day
In addition, China’s economy has shown signs of a small recovery. After China’s National Bureau of Statistics (NBS) reported February’s Consumer Price Index. 2024 increased by 0.7% and is considered the first expansion in 5 months for the general retail price of gasoline and diesel in ASEAN. In last March it was found that most of them are increasing in almost every country. Except for Laos, Myanmar, Philippines, and Vietnam, which decreased.
In addition,
Reports On Significantly Increased Electricity Prices This Was…
It is announced that on April 15-21, the average wholesale weekly price of electricity in the Lithuanian price zone of the “Nord Pool” exchange, compared to the previous week, grew almost threefold from 27 to 78 euros per megawatt-hour (MWh). In Latvia and Estonia, the average wholesale electricity price was the same as in Lithuania.
“Last week, electricity prices rose significantly across the region. One of the main reasons is the more than halving of wind generation. Also, the production of solar power plants decreased slightly, and when the weather cooled down again, electricity consumption increased slightly. As the production of renewable resources decreased in the region, more expensive thermal power plants produced more. They also replace nuclear power plants under repair. Repairs to Finland’s 1.6 GW Olkiluoto 3 nuclear reactor are still delayed due to technical problems. In Sweden, two reactors with a combined capacity of 2.5 GW are currently undergoing annual maintenance. All these reactors should be switched on in May”, the report quoted Aistė Krasauskienė, Head of the Market Development Department of Litgrid.
Electricity consumption in Lithuania grew by 3 percent last week. from 218 GWh to 225 GWh. In Lithuania, local power plants provided 56 percent.
UAW Sets Sights On Southern Expansion Following Victory…
United Auto Workers Union Expands in the South
FOX Business recently interviewed three United Auto Workers union members who shared their support for Donald Trump’s presidential campaign in 2024.
Breakthrough Victory for UAW
The United Auto Workers (UAW) achieved a significant milestone in their southern expansion efforts after a successful strike against Detroit’s Big Three automakers last year.
Last week, employees at Volkswagen’s Chattanooga, Tennessee factory voted overwhelmingly, with 73% in favor of joining the UAW. This victory marked the union’s first successful attempt to organize nonunion plants, particularly those owned by European and Asian automakers in the South.
UAW Gains Momentum
United Auto Workers President Shawn Fain expressed optimism about the future, stating that the VW employees were the first step in a larger movement. He emphasized the growing discontent among workers and the need for change.
Impressive Organizing Strategy
Labor relations consultant Jason Greer commended the UAW’s strategic approach to organizing, noting their ability to connect with employees on a personal level. He highlighted the impact of unionization in right-to-work states like Tennessee and its potential ripple effect across the country.
Government Involvement in Unionization
Mark Mix, president of the National Right to Work Committee,
Upper West Luxury Property In Berlin: Sale, Value,…
2024-04-18 03:00:00
The Upper West, which belonged to the US real estate investor RFR Holding, was sold to Signa Prime in November 2017. It was one of five luxury properties that Signa bought for a total of 1.5 billion euros. Now the Upper West is for sale again. The brokers Jones Lang LaSall (ALL) and the real estate subsidiary of the bank BNP Paribas were commissioned with the marketing.
Four percent return
“The Upper West is a great prime mixed-use property. It was valued at the end of 2022 at a range of around 660 to 700 million euros and it is now expected that the sale will bring in around 450 million euros,” a Signa insider tells KURIER. The latter assessment would mean a rental return of four percent with total rental income of almost 18 million euros. The Upper West is being sold now because leading lenders generally want to have a stable owner. Or to put it another way: The Upper West project company should be stabilized and thus protected from possible insolvency. According to Creditreform, the property is indebted to around 300 million euros. According to a German real estate newspaper, an insurance company is said to have granted a loan of this amount and this is likely to be secured by the property.
PROFESSIONAL GROUP Time To Take Stock For The…
Tiana Rasamimanana, president of the Madagascar Industries Union.
Charge. The Madagascar Industries Union (SIM) will hold a general meeting today at Carlton Anosy. This will be the first annual meeting of this kind chaired by Tiana Rasamimanana, president of this association of industrialists after his election in March 2023, succeeding Hassim Amiraly. A busy schedule awaits the SIM as several points will be raised during this annual meeting. This branch of the private sector and its divisions will draw up the outlook for this year. The meeting will be an opportunity to look back at past achievements to take stock of the actions carried out last year.
Among the achievements of last year was the establishment of the Management Center approved by the Industrial Union. A structure intended to optimize opportunities for small and medium-sized industries and businesses which still support a large part of the local economic fabric. Small and medium-sized industries therefore play a driving role in industrial development. An evaluation of internal developments and collaboration with partners in the private and public sectors is also on the program. Approximately sixteen SIM member establishments will participate in today’s meeting with associates from all sides.
The Industrial Union which is also one of the important signatories of the Industrialization pact.
Strategic Expert: Investing In Libya Has Become A…
The researcher and expert in regional and international strategic studies, Professor Hamida Ramadan Al-Jamal, called for the necessity of providing the appropriate climate for investment inside Libya, and working to remove the basic obstacles facing this investment. Administrative, financial, economic, or legal as well.
Al-Gamal pointed out in her article that she was inspired to talk about internal investment from an interview published in the London-based Al-Quds Al-Arabi newspaper by Mr. Mustafa Abu Fanas, the current Chairman of the Board of Directors of the Libya Africa Investment Portfolio, an interview in which he emphasized, due to his extensive economic experience and his previous work as Libyan Minister of Economy, “ The importance of investing portfolio funds internally; “Given Libya’s distinguished geographical location, and its capabilities and resources,” he pointed out that the tangible positive results that began to appear successively as a result of adopting this new policy in the portfolio are what prompted him to call on the state to pay attention to internal investment, which, as he described, is It serves as a lifeline for the Libyan economy; Especially after the major shifts in the global economic balance of power, and the shift towards emerging markets.
Lavazza Buys Ivs, Takeover Bid For The Leading…
#Lavazza #buys #Ivs #takeover #bid #leading #coffee #machine #company #QuiFinanza
Lavazza purchase Ivsa leading company in the sector machines some coffee. From the Turin Group began aOpa voluntary for cash, through Grey, on 100% of the actions of Ivs Group. Lavazza’s objective is, as is evident, to strengthen its role in the vending sector to make the leap and to compete with greater incisiveness in international market. For the company this is an advancement: already today Lavazza controls a share of around 20% of Ivs through Torino 1895 Investimenti.
Lavazza’s takeover bid for Ivs
As it reveals the Sun 24 Hoursthe operation involves agreements signed by E-Coffee Solutions, controlled by Luigi Lavazza Spa, and by Ivs Partecipazioni which is the majority shareholder of Ivs Group.
The takeover bid has a consideration of 7,15 euro per action and, as stated in a note, “presents advantageous conditions for IVS Group shareholders” incorporating a premium of 18.9% compared to the weighted arithmetic average of the official prices recorded for IVSG shares in the last 6 months and of 11% compared to at the closing price of Ivsg shares recorded on 22 April 2024.
The offer aims at delisting
This is an offer aimed at delistingi.e.
Dairy Company Milcobel Wants To Cut 130 Jobs
Restructuring
The Belgian dairy cooperative Milcobel wants to reform its organization and eliminate 130 of the 1,500 jobs in Belgium. Consultations on the restructuring will start with the trade unions.
The intervention is necessary after loss figures in 2023, it is said. “A very turbulent global dairy market, both on the demand and supply sides, requires more flexibility.” The company says it could not immediately pass on its increased costs for energy, raw materials, services and wages.
Milcobel wants to make the organization more efficient and plans to partially scale back the milk powder activities in Kallo, East Flanders, from September. The company says it is open to the possible repurposing of installations that become available, for example for plant-based alternatives or for production for third parties.
Jobs are disappearing mainly in Kallo – “more than half” – but also in branches in Bruges, Langemark and Moorslede. The company is also taking other measures. For example, no management bonuses will be paid, new vacancies will be limited and the company will reduce the number of external consultants.
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Understanding Bank Accounts After Death: What Happens With…
What happens to a bank account when someone dies (with and without beneficiary)?
Nobody wants to face their own mortality. Perhaps that’s why, according to a Gallup poll, fewer than half of American adults have a will that describes how they want their estate to be handled after their death. The problem: Without a will, settling a deceased person’s estate can be more complicated.
One commonly overlooked aspect of estate planning is what happens to a bank account when someone dies. How the account is handled in the United States depends on whether a beneficiary has been named and the type of account.
When someone dies, their bank accounts, including checking, savings, or money market accounts, become part of their “estate,” a legal term that refers to the deceased’s possessions and assets.
Your estate will enter the probate process, which recognizes a will and names an executor to manage the estate and distr ibute assets. On average, the probate process can take six to nine months to complete, so not being able to withdraw money from the account can be a major problem for loved ones who need money to cover the deceased’s final expenses.