- April 23, 2024
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April 23: On the Tokyo stock market, the Nikkei Stock Average continued to rise and closed at 37,552.16 yen, up 113.55 yen from the previous business day. Photo taken at the Tokyo Stock Exchange in October 2020 (2024 Reuters/Kim Kyung-Hoon)
TOKYO (Reuters) – On the Tokyo stock market, the Nikkei Stock Average continued to rise and closed at 37,552.16 yen, up 113.55 yen from the previous trading day. Backed by the previous day’s gains in US tech stocks, upward pressure intensified in the morning. However, after the buying cycle ended, the stock was gradually pushed down by profit-taking selling, and the market remained sluggish at a slightly higher level.
The Nikkei Stock Average got off to a solid start, rising 358 yen from the previous trading day, before hitting a high of 37,817 yen.78, up 379 yen. A corner of high-tech stocks was strong and pushed the index up, but gradually profit-making selling appeared and limited the gains. In some cases, prices fell to levels that were slightly lower than the previous day.
Construction Of 5 More Solar-Wind Stations Will Begin…
This year, the construction of 5 more solar-wind stations with a total capacity of 1,300 MW will begin in Azerbaijan.
Day.Az was informed about this by the Ministry of Energy of Azerbaijan.
The information notes that the Minister of Energy of Azerbaijan Parviz Shahbazov spoke at the session “Closing the energy gap and transition to carbon-free energy systems” within the framework of the “Sustainable Development Week” of the UN General Assembly in New York. According to him, the COP29 climate conference, which will be held in Azerbaijan, will be an important platform for creating opportunities for expanding international cooperation in the field of a just, orderly and equitable energy transition, increasing renewable energy and energy efficiency, and accelerating the implementation of zero-emission energy systems. The minister noted that Azerbaijan, which the European Union considers a reliable pan-European supplier, is currently leading initiatives accelerating the transition to green energy and supports the fight against climate change by joining the Global Methane Pledge and the creation of an Energy Efficiency Fund.
Renewable energy, consistent with energy security, affordability and sustainability, was assessed as the main driving force for the implementation of the priorities “clean environment” and “green growth” in the national development strategy until 2030,
Spotify Swings To Profit With Stronger-Than-Expected Q1 Earnings
Spotify’s Earnings Report Shows Positive Trends
Spotify Technology (SPOT) has released its fiscal first-quarter earnings report and, as expected, it shows a trend of positive growth. Analysts have lauded the company’s success in beating expectations on both the top and bottom lines while recording an operating profit of €168 million ($179 million). Though below company guidance levels, the report shows marked improvements since last year.
The audio giant has implemented several strategies aimed at boosting sales growth and improving profit margins. These include multiple rounds of layoffs, price increases, and committed initiatives towards future investments to further scale its podcasting and ads business. Spotify plans to raise prices by about $1 to $2 a month in five markets soon.
User Figures
The earnings report also reveals Spotify’s monthly active users (MAUs), which came in slightly lower than expected at 615 million but still show growth with 19% higher total figures compared to a year earlier. Premium subscribers were pegged at 239 million as anticipated — a 14% YoY rise — with forecasts for further increase this Q2.
Free cash flow is another vital metric for investors; it rose to €207 million from €57m last year same period.
Force Majeure Notice To Pakistan By Chinese Company…
Almost two weeks after the terrorist attack on Chinese engineers in Shangla, the Chinese company working on the Dasu Hydropower Project has issued a ‘force majeure’ notice to Pakistan.
This notice is a big blow for Pakistan.
A force majeure notice is usually issued after a natural disaster and means that an event has occurred that was beyond the control of the contracting parties and has resulted in the work not being completed or not being completed on time. The party concerned cannot be held responsible.
On March 26, a suicide bomber rammed a convoy of Chinese engineers traveling from Islamabad to Dasu, killing five Chinese engineers and their Pakistani driver.
The Chinese Foreign Ministry demanded a comprehensive investigation from Pakistan and punishment of those responsible for the attack, besides ensuring the security of Chinese citizens.
The Chinese company is laying a 765 kV transmission line. Sources say the project is already behind the World Bank deadline and the new notice may increase its cost.
Following the Chinese company’s notice, Daso’s chief engineer has sought guidance from NTDC’s chief law officer.
He said that the Chinese company says that the work has been affected after the attack,
Managem Successfully Closes Its Capital Increase
As part of this operation, 1,873,368 shares were allocated, for a total amount of 2,997,388,800 dirhams, which is equivalent to a subscription price of 1,600 dirhams per share, Managem indicates in a press release. Furthermore, the subscription rate for the capital increase reached 112.4%, which represents a total amount of subscriptions received of around 3,369,464,000 dirhams, or a number of 2,105,915 subscribed shares received. at the price of 1,600 dirhams. The total number of subscribers is 399.
The shares subject to this capital increase have been listed since April 17, 2024 on the main market under the ticker MNG. The Board of Directors of Managem would like to thank all the shareholders who, by largely subscribing to this operation, have shown their confidence in the company, concludes the press release.
We Started Caring For Nature From Ourselves. Team…
April 22, 2024․Yerevan․ April 22 is celebrated all over the world as Earth Day.։ This year, all events are focused on the theme “Planet vs. Plastic”.։ In the advice of the day, Team Telecom Armenia summarized the activities carried out within the company in the direction of environmental protection during one year։
Implementation of energy efficient solutions
Team has been applying energy-efficient solutions for several years, using solar energy for communication and communication power supply. In 2023, 8 more solar plants were added to the 25 already operating solar plants to be used in the company’s work, due to which the share of solar products in the total energy consumption recorded an increase of about 7% compared to the previous year. This process will be continuous in the company.
In order to promote the use of electric vehicles, the network of Team Energy fast charging stations has been launched. Now there are about 50 stations in the entire territory of Armenia. To use the charging stations,
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.
Protect Your Home During The Holidays: How Thieves…
The holiday season is approaching again. And this is an opportunity not only for us, who are looking forward to having a good rest after a year of work. But unfortunately also for thieves. Of course, people go outside the limits of weekdays throughout the year, but during the holidays this activity is at its greatest. And even thieves know it. There are many times more abandoned dwellings in this period and they are becoming more and more innovative. Note the adhesive tape and the cookies
They try many ways to find out if the apartment they saw is really “abandoned”. Among the latest is standard transparent adhesive tape. All they have to do is tape the lock and wait a day or two. The trick is that when they return and find it intact, they may think that the homeowners are not. And on the other hand, if they are at home and remove the tape, they may not even realize that burglars have seen them. Often they just think it’s an innocent child’s trick.
A little more famous is the trick with a cookie placed under your rug. If it is intact even after a few days,
EU, Gentiloni: New Stability Pact Is Not Perfect…
MILANO – “We have a lot of work to do to fix existing tax rules, rules that were so strict that they were often not enforced. What we have achieved is not perfect. It’s a good compromise. The compromise reached during the trilogue is the result of everyone’s determination to progress and improve the current legislative framework”. This was stated by the EU Commissioner for Economic Affairs Paolo Gentiloni speaking in the Plenary on the Stability Pact. The new rules are “more flexible, more growth-oriented, more credible in their implementation”, she added.
Gentiloni: “New impact assessment in 2028. Questionable Italian law Pnrr which includes abortion” by our correspondent Rosaria Amato 22 April 2024
“During this time, we saw the European economy first collapse due to the pandemic, then recover strongly in 2021-22, before slowing sharply after Russia’s large-scale invasion of Ukraine, which triggered very high inflation.In all these phases the general escape clause was in force. Now we have on the one hand the prospect of reducing the debt and deficit accumulated due to these two black swans growth through the recovery of purchasing power, the decline in inflation and the conservation of public investments. It is a truly delicate balance but the new rules are suitable for this balance”,