Rauen Sales http://rauensales.com/ Thu, 30 Jun 2022 20:35:09 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 Frugal Innovations and the Way Forward https://rauensales.com/frugal-innovations-and-the-way-forward/ Thu, 30 Jun 2022 19:30:42 +0000 https://rauensales.com/frugal-innovations-and-the-way-forward/

Since the COVID-19 pandemic, the global economy has come to a standstill. Most countries went into recession and many companies around the world lost their business. Economist Mariana Mazzucato in her recent book, “Mission Economy,” points out that the modern capitalist model of the world was in crisis even before the pandemic. The validation of his opinion is the rise of exponential inequality, ecological imbalance and the unsustainability of socio-political systems. The pandemic has exposed flaws in health systems and bureaucratic inefficiency. Since then, humans have recklessly exploited too many resources and, in conjunction with global warming and biodiversity loss, have resulted in environmental instability. With the scarcity of resources, businesses have no choice but to find a minimalist approach to survival. The whole world is looking for a panacea to overcome this crisis, because this pandemic has provided a window of opportunity to rethink our innovation systems. One such minimalist approach the world needs is “frugal innovation.”

Frugal innovation in the market is defined as new or significantly improved products (goods and services), processes or methods of marketing and organization that seek to minimize the use of material and financial resources in the value chain complete (development, manufacturing, distribution, consumption). , and elimination) with the aim of significantly reducing the total cost of ownership and/or use while meeting or even exceeding certain predefined criteria of acceptable quality standards (proposed by Tiwari and Herstatt (2014: 30)). Frugal innovation is also called “affordable excellence” because of its unique value proposition for diffusion in these economies which are: reduced overall cost, robustness, user-friendliness and economies of scale (Tiwari and Herstatt, 2014 ). The simple necessary condition for an innovation to be frugal is that it must be low-cost and highly functional, reduced in engineering, focused on low-income households, and taking into account the technologies of the fourth industrial revolution. .

The father of economics Adam Smith used the word frugal or frugality thirty-seven times in his book “The Wealth of Nations”. While emphasizing the importance of frugal innovations, Adam Smith asserts that frugality is important in the process of producing economic wealth, to avoid a destructive cycle of commerce, leisure, luxury and corruption. Frugal innovations gained new attention after Navi Rajdou, Jaideep Prabhu and Simone Ahuja published their book ‘Jugaad innovation’ in 2012, which changed the nomenclature of frugal innovations to ‘Jugaad’ across the world then that the book became a worldwide best-seller. They also released “Frugal Innovation” in 2015 successively. According to the authors, Jugaad is an important way out of the current economic crisis in developed countries and also contains important lessons for emerging economies.

The current scenario requires resource usage to be mitigated. However, the demands of modern life collide with it. In order to meet these resource constrained demands, Jugaad could play an important role. The importance and potential of frugal innovations was best illustrated during the COVID-19 pandemic when traditional healthcare proved fragile and led to shortages of basic personal protective equipment (PPE) and no have failed to set up enough testing for their populations. Frugal innovators around the world have developed simple, inexpensive and low-engineered devices such as ventilators, masks, test kits and many other PPEs. In fact, during the pandemic, we have also seen the most visible and widespread low-tech and large-scale frugal innovations on digital platforms. Businesses and individuals have started to think of ways to innovate to respond to any type of emergency in society and the economy, creating frugal innovations as an aspiration for new entrepreneurs. During the pandemic, many large companies have attempted to repurpose existing technologies and business models to innovate within resource constraints while meeting customer demands. Governments have also tried to make maximum use of existing resources.

The pandemic has ignited the spark to rethink our innovation systems and organizations have realized the potential of Jugaad. Frugal innovations will prove more important than ever as the world faces a severe environmental crisis and resource scarcity. In developing countries like India that aim for self-reliant growth (Atma Nirbhar), frugal innovations can play a vital role in rebuilding the economy and society, while, as in developed countries, it can reduce vital expenditure on R&D, which can further be directed to social welfare causes. As every country tries to steer its growth towards more inclusion and sustainability, doing more with less without compromising quality is largely becoming the new normal. This new way of doing things can be implemented in the context of frugal innovations.

In order to foster the culture of frugal innovations, all institutions (actors and sectors) must create collaboration and work together to make organizations increasingly frugal for greater business and environmental sustainability. India can position itself as a breeding ground for frugal innovations in the coming decade, so organizational culture transformation and new strategic initiatives are all it needs to make its businesses frugal.

(The authors are students of M.Sc. Technology, Innovations and Entrepreneurial Dynamics, NIT Srinagar.

E-mail: muzamil_mstied002@nitsri.net | sm4024143@gmail.com)

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Fuel demand in Missouri remains robust despite ‘high’ prices https://rauensales.com/fuel-demand-in-missouri-remains-robust-despite-high-prices/ Thu, 30 Jun 2022 13:02:11 +0000 https://rauensales.com/fuel-demand-in-missouri-remains-robust-despite-high-prices/

I’ve been tracking fuel consumption over the past few months in light of rising fuel prices that have spawned an endless parade of stories of ‘pain at the pump’ and ‘record gas prices’ in the news. What we have really seen is the pain of captivity and an addiction to self record. With few options for most Missourians to accomplish trips by means other than driving, they are trapped.

NextSTL – Near-record demand continues despite high level? gas price

NextSTL – Record Gasoline Prices Haven’t Depressed Fuel Sales in Missouri

The average price in Missouri at the start of May was $3.80/gal and ended the month at $4.20/gal. It was around $2.75/gal in May 2021, or 45% higher in May than last May.

Fuel consumption was down 2.63% in May from a year ago, although around 3% from 2019 before the pandemic. It was the 5th highest May since 2004.

A drop in consumption of 2.63% with a price increase of 45% for an elasticity of -0.06 shows how inelastic demand is in the short term. Part or all of the drop could be explained due to the fact that May 2022 has one less weekend day than 2021.

The year-to-date for 2022 is the second after 2005, up 3.66% from 2021 and 3.6% above the average for 2004-2022.

Government policies, priorities and spending have played a significant role in creating the inelasticity we see. As election season approaches, be sure to ask the candidates what they plan to do to reduce your captivity to car and fuel prices.

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iBanFirst heads to UK to resolve Brexit payment issues with Cornhill Buy https://rauensales.com/ibanfirst-heads-to-uk-to-resolve-brexit-payment-issues-with-cornhill-buy/ Wed, 29 Jun 2022 12:25:53 +0000 https://rauensales.com/ibanfirst-heads-to-uk-to-resolve-brexit-payment-issues-with-cornhill-buy/

The pandemic has highlighted the importance of digitizing payment processes and combining strong foreign exchange (FX) risk management with technological know-how. With the UK’s exit from the EU, UK small and medium-sized enterprises (SMEs) are facing difficulties making and receiving payments across Europe due to EU legislation.

Banking big on growing demand for enhanced cross-border experience, financial services platform iBanFirst acquired the London-based FX provider Cornhill. Supporting its ambitious plan to expand multi-currency payments for SMEs outside of Belgium, the new purchase marks the company’s entry into the UK

Speaking of his arrival in the UK, Pierre Antoine Dusoulier, CEO of iBanFirst said: “Our arrival here represents a key step and marks our presence in 10 countries. We will continue our growth in Europe and now turn our attention to Switzerland, Scandinavia and North America.

An alternative to the traditional banking offer, the French company headquartered in Belgium helps international SMEs to prosper while simplifying their daily operations. The company’s core banking platform enables fast, secure and cost-effective multi-currency transactions. The acquisition is expected to strengthen iBanFirst’s value proposition for SMEs, simplifying trading in GBP in a post-Brexit environment and giving Cornhill customers access to its cutting-edge cross-border technology, the CEO added.

Vivek SavaniExecutive Director of iBanFirst UK added: “The agreement will allow our customers to benefit from an improved cross-border experience with features such as payment tracking, to track payments in the same way consumers can track parcels. .”

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NGO T&E says e-fuel costs of shipping would be negligible for consumers https://rauensales.com/ngo-te-says-e-fuel-costs-of-shipping-would-be-negligible-for-consumers/ Tue, 28 Jun 2022 19:48:05 +0000 https://rauensales.com/ngo-te-says-e-fuel-costs-of-shipping-would-be-negligible-for-consumers/

T&E argues that operating a hydrogen container ship would not have a significant impact on the cost of consumer goods

Published on June 28, 2022 15:48 by

The Maritime Executive







While many in the shipping industry have long argued that switching to green fuels and next-generation green technologies represents a significant cost for shipping companies, a new study from the NGO Transport & Environment claims that there will be almost no impact on the price of consumer goods by running ships on renewable hydrogen. Based on a concrete example of a trip on a medium-sized container ship sailing between China and Belgium, the analysis concludes that the likely impact on shipping costs would be negligible for fuel, but does not take into account the construction cost of the vessels to be operated. on these new fuels.


Long critical of the shipping industry’s efforts and slow progress on decarbonisation, T&E used in its report the current EU proposal to charge for carbon pollution from ships, combined with the proposed to impose small amounts of green e-fuel by 2030. They sought to analyze the effect the proposals would have on container shipping prices and the resulting impact on Chinese-made consumer goods and transported to Europe.


“Green shipping would add less than 10 cents to a pair of Nikes. That’s a tiny price to pay to clean up one of the dirtiest industries on the planet,” said Faig Abbasov, director of shipping at T&E. “In a year where shipping companies are making bigger profits than Facebook, Google, Amazon and Netflix combined, it’s fair to wonder if shipping companies are doing enough.”


A central argument against ambitious green measures is that they would drive up prices for consumers. T&E, however, argues that there are economies of scale in global supply chains that are not hypersensitive to shipping fuel costs.


They tested their hypothesis by analyzing what they called a typical container ship, the 153,000 dwt Taurus. Built in 2016 in South Korea, the vessel is owned by Costamare of Greece and managed by Evergreen sailing between Asia and Northern Europe. It has a capacity of 14,000 TEUs. They analyzed data from the ship’s AIS recordings.


“Analysis of shipments from Shenzhen China to Europe belies claims by the shipping industry that ambitious measures to green the industry will be prohibitively expensive and result in exorbitant price hikes for consumers. “, concludes T&E. They argue that running ships entirely on green hydrogen fuels would add less than 10 cents to the price of a pair of Nike sneakers and about $8.50 for a refrigerator.


In the worst case, T&E’s analysis concludes that freight carriers would face increased transportation costs of 1-1.7%, or actual costs of approximately $9-14 per TEU. The study uses what they call the most extreme case of a ship running on 100% green fuels and makes the assumption that carriers would pass on all costs that ultimately reach consumers. Despite this, they argue that on a detailed basis, the price of consumer products would barely move.


“European policymakers, who are currently voting on two key proposals to clean up shipping, should be emboldened by this,” says T&E arguing for the adoption of the measures considered by EU governments and laws to be voted on in July . .


The full report available online examines a variety of fuel options, concluding that fossil LNG or mixed e-LNG/fossil LNG pathways would be the least economical way to comply with upcoming regulations. The analysis also concludes that the relative cost-effectiveness of different shipping fuel pathways may change as the adoption of sustainable and scalable fuels increases, but of course there is also the substantial investment needed to develop technology and infrastructure to support the adoption of e-fuels. T&E says the technologies are emerging and now needs the green e-fuel mandate that secures hydrogen fuel suppliers a market and drives adoption.





]]> Technology, media and telecommunications dominate mergers and acquisitions in the first half of 2022 https://rauensales.com/technology-media-and-telecommunications-dominate-mergers-and-acquisitions-in-the-first-half-of-2022/ Tue, 28 Jun 2022 09:29:43 +0000 https://rauensales.com/technology-media-and-telecommunications-dominate-mergers-and-acquisitions-in-the-first-half-of-2022/

M&A activity has slowed from its record pace of 2021, with economic headwinds delaying deals in the first half of 2022. However, M&A activity in the first half of 2022 is returning to levels pre-pandemic of about 25,000 transactions. More than a third of deal value is invested in technology, media and telecommunications (TMT), reflecting the impact of digital transformation on the conduct of deals, consultancy PwC says in an update mid-year review of global trends in the M&A industry.

“Lower valuations should provide better opportunities for traders to generate healthy returns, as evidenced by recent public-private transactions which are up more than 50% in 2022 compared to the prior year period.”

Private equity (PE) now accounts for nearly 50% of total deal value, double the level of five years ago, with capital raised for investment hitting a record $2.3 trillion.

“Many of the factors that supported the record M&A market in late 2021 and the first half of 2022 – such as supply chain resilience, portfolio optimization, environmental, social and governance aspects (ESG) and, most importantly, the need for technology to digitize business models – will remain influential for closing deals in the second half of 2022, but the approach to how those deals are done will require a new focus in an uncertain economic environment .

“With inflation in many countries reaching a 40-year high, negotiators will need to approach due diligence with a different focus – predicting different inflation scenarios and considering implications on market share, elasticity pricing, customer and supplier relationships, and employee compensation and retention.”

“Labour strategy will need to be a priority in any deal as the highest wage inflation in decades, the ‘big quit’, skills shortages and growing stakeholder focus on diversity and inclusion will all have an impact on future business performance.”

The report indicates that the M&A reset is underway in all major regions. Asia-Pacific saw the largest declines, with transaction volume and value each down more than 30% from the 2021 peak, mainly due to macroeconomic headwinds and recent pandemic-related restrictions imposed in several major cities in China.

Tendencies:

  • Technology, Media and Telecommunications (TMT): Digital adoption of new technologies remains a priority – keeping TMT in the lead in M&A investment, accounting for more than a quarter of deal volume and a third of deal value in the first half of 2022. We expect technology demand to create M&A opportunities in software and infrastructure technologies (such as 5G, data centers and metaverse and its related technologies) in the second half of 2022.
  • Financial Services (FS): The financial services industry’s need for digital capabilities, combined with continued pressure from regulators and platform and fintech disruptions, means that mergers and acquisitions will continue to be a driver of transformation. It also explains why FS is second only to TMT in terms of M&A investment, accounting for nearly a quarter of deal value in H1 2022. The continued focus on technology, growing demand for Sustainable investment options and falling valuations will keep M&A activity high in the second half of the year.
  • Consumer markets: Mergers and acquisitions activity in the consumer markets sector over the next six months will be closely linked to the impact of the uncertain economic outlook on consumer confidence and spending. Changing consumer preferences will continue to create M&A opportunities as companies seek to transform their business models and reposition themselves for future growth.
  • Industrial and Automotive Manufacturing (IM&A): Continued focus on technology and digitization of business models, investment in supply chains and workforce will create M&A opportunities in IM&A.
  • Energy, Utilities and Resources (EU&R): The continued acceleration of the energy transition and the growing focus on supply chain security will drive mergers and acquisitions in the areas of critical minerals and national energy supply in the second half of 2022.
  • Health Industries: Strong demand for biotechnologies and innovative new technologies – such as mRNA, gene therapy and telehealth capabilities are attracting investor interest. To achieve inorganic growth goals, big pharma will likely undertake a greater number of smaller deals to avoid the regulatory scrutiny and complexity that larger deals can bring.

Moonshot News is an independent European news website for all IT, media and advertising professionals, powered by women and focused on promoting diversity, inclusion and equality gender in industry.

Our mission is to provide quality, unbiased information to all professionals and ensure women have their fair share of voice in the news and in the spotlight!

We produce original content, news articles, a curated calendar of industry events and a database of women’s associations in IT, media and advertising.

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AngloGold Ashanti shares: Inflationary pressures are strong (NYSE: AU) https://rauensales.com/anglogold-ashanti-shares-inflationary-pressures-are-strong-nyse-au/ Tue, 28 Jun 2022 02:18:00 +0000 https://rauensales.com/anglogold-ashanti-shares-inflationary-pressures-are-strong-nyse-au/

bodnarchuk/iStock via Getty Images

Part I – Presentation

1 – First quarter 2022 results and commentary

On May 9, 2022, Johannesburg-based AngloGold Ashanti (NYSE: AU) published its results for the first quarter of 2022 ending March 31, 2022. This publication is considered a market update report as the company publishes its full results every six months.

Table

Introducing 1Q22 AU Highlights (AngloGold Ashanti)

The company reported strong production in the first quarter of 2022 and completed the acquisition of Corvus which I’ve covered here.

Corvus Gold currently owns a 100% interest in Nevada’s two mining properties, the North Bullfrog NBP Project and the Mother Lode MLP Project, both located in Nevada. Both projects are at the exploration stage.

A crucial financial element is that the company ultimately received $326 million from Kibali in the DRC and an additional $210 million after the end of the quarter.

To note: This article is an update of my previous article published on April 6, 2022. I have been AngloGold Ashanti since 2020 and have published four articles.

The company has production assets and projects on three continents with advanced projects in Nevada, USA.

1.1 – Africa

Operations produced 330,000 ounces at a total cash cost of $1,017/oz for the three months ended March 31, 2022, compared to 352,000 ounces at a total cash cost of $948/oz for the three months ended March 31, 2021. The company owns the Iduapriem and Obuasi mines in Ghana, the Siguiri mine in Guinea, the Geita mine in Tanzania and Kibali in the DRC.

1.2 – Latin America

The US operations produced 131,000 ounces at a total cash cost of $986/oz as of March 31, 2022. The Company owns the AngloGold Ashanti Mineração and Serra Grande mines in Brazil; Cerro Vanguardia mine in Argentina.

1.3 – Australia

The Australian operations produced 127,000 ounces at a total cash cost of $1,160/oz as of March 31, 2022. The company owns Sunrise Dam and Tropicana.

1.4 – Nevada United States

AngloGold Ashanti completed its $365 million cash acquisition of Corvus on January 18, 2022.

It enables AngloGold Ashanti to create a low cost, long life production base in a leading mining jurisdiction.

Map

UA: Corvus map of the Bullfrog and Mother lode projects (Corvus presentation)

2 – Stock market performance

I cover four other companies located in South Africa: Sibanye Stillwater (SBSW), Harmony Gold (HMY), Impala Platinum (OTCQX: IMPUY) and Gold Fields Ltd. (GFI).

AngloGold Ashanti has fallen significantly since its peak in March 2022. AU is now down 17% YoY.

Chart
Data by YCharts

Part II – Global Overview and Gold Production

1 – Quarterly gold production

1.1 – Quarterly production

AngloGold Ashanti sold 597K Au Oz in 1Q22. The company said it produced 588,000 Au Oz in 1Q22 (continuation and discontinuation), unchanged from a year ago. First quarter production was flat year over year with strong contributions from Sunrise Dam, Cerro Vanguardia, Siguiri and Tropicana.

Chart

Quarterly AU Gold Production 1Q22 4Q21 1Q21 (Fun Trading)

1.2 – Quarterly production by mine

The company produced gold from ten different mines:

Chart

AU Quarterly Gold Production Comparison by Mine – 1Q21 vs 1Q22 (Fun Trading)

The Obuasi mine is on track to achieve a full mining rate of 4,000 TPD by June 2022.

2 – All-In Sustaining Costs and Realized Gold Price

All-in sustaining cost (AISC) was $1,405 per ounce in 1Q22. An increase of 9.2% compared to the last quarter of the year, mainly due to the expected increase in sustaining capital expenditure and the increase in total cash costs. Inflationary pressures are building and the company said in the press release:

Inflationary increases in operating costs were primarily driven by higher commodity prices for oil and consumables and higher service and labor costs.

Chart

AU Quarterly gold price and AISC – 1Q21, 4Q21 and 1Q22 (Fun Trading)

Part III – AngloGold Ashanti – Balance sheet and production for 1Q22: the raw figures

Note: Like most South African gold and PGM miners, full results are released every six months, which complicates analysis.

AU 1T21 4Q21 1Q22
Total revenue in millions of dollars 956 1,039 1,016
Gross profit in millions of dollars 279 274 259
Adjusted EBITDA in millions of dollars 449 478 438
Cash flow from operating activities in millions of dollars 149 460 533
Capital expenditures in millions of dollars 241 348 265
Free cash flow in millions of dollars -92 112 268
Total cash in millions of dollars 1,081 1,154 1,045
Adjusted net debt in millions of dollars 908 755 917
Shares outstanding (diluted) in millions 419.30 420.06 420.25*
Gold production 1T21 4Q21 1Q22
Total gold production in K Oz 588 659 588
Gold production sold in K Oz 597
Realized Gold Price $/Oz 1,788 1,798 1,881
AISC in $/Oz 1,287 1,389 1,405

Source: Documents filed by the company

* Estimated by Fun Trading

AngloGold Ashanti: Balance Sheet Details

1 – Turnover and trends. Revenue was $1,016 million in 1Q22

Chart

AU: Quarterly Revenue History 1Q22 4Q21 1Q21 (Fun Trading)

1Q22 revenue was $1.016 billion, $60 million higher than the first quarter of 2021. The higher price of gold this quarter helped.

The company said in the press release:

AngloGold Ashanti is entering a new operating model after completing the implementation of an organisation-wide restructuring. The company introduced new management and eliminated duplicate roles and unnecessary expenses to reduce costs and improve operating results

2 – Free cash flow was $268 million in 1Q22

Chart

History of quarterly free cash flow AU (Fun Trading)

Note: Generic free cash flow is operating cash flow minus capital expenditures. AngloGold Ashanti’s free cash flow was $268 million in the first quarter of 2022, compared to a loss of $92 million in 1Q22.

The increase in free cash flow this quarter was boosted by the $326 million received from the Kibali gold mine in the Democratic Republic of Congo. The company has cash tied up in the DRC, Tanzania and Argentina.

In 1Q22, the situation improved significantly with a balance of $232 million.

Note: An additional $210 million from Kibali RDC was received subsequent to quarter end.

Chart

Introducing AU (AngloGold Ashanti) Cash Blocks Enhancement

3 – AngloGold Ashanti’s debt situation is excellent

Chart

UA Quarterly Cash vs. Adjusted Net Debt History (Fun Trading)

Total cash is now $1,045 million and adjusted net debt is $917 million at the end of March 2022. Liquidity is $2.5 billion, as shown below.
Table

AU: Balance sheet and liquidity (AngloGold Ashanti)

It is a solid debt profile that encourages investors to bet on the long term.

4 – Orientation 2022 still on the right track

Gold production in 2022 is expected to be 2.55 Moz to 2.80 Moz, and the AISC is between $1,295 and $1,425 per ounce ($1,360 median). The guidance has not changed since my previous article.

CapEx will be between $1.05 billion and $1.15 billion.

Table

Presentation of the AU orientations 2021 (AngloGold Ashanti)

In the press release, the company said:

The Company’s production is expected to be weighted in the second half, with unit costs expected to decline in the second half of 2022. In the current global environment, we expect inflationary pressures to persist through the end of the year. The company is working proactively to mitigate this impact through the implementation of the new operating model, which aims to improve operational efficiency, the ongoing operational excellence program already in place and the comprehensive review of asset potential . Additionally, the continued prevalence of COVID-19 remains a risk to guidance.

Part IV – Technical Analysis and Commentary

Chart

Short Term AU TA Chart (Fun Trading)

AU is forming a descending channel pattern with resistance at $17.6 and support at $15.1.

The Fed acted decisively against inflation and raised the interest rate by 75 points at the beginning of June. Additionally, he has repeatedly revealed that he will increase interest even further in 2022 and potentially an additional 75 points at the next meeting in July. Although inflation is a significant plus for gold, any attempt by the Fed to combat it by raising interest rates will weaken the price of gold.

Thus, the general strategy has not changed for AngloGold Ashanti. I recommend trading the short-term LIFO around 40%-60% and holding a long-term base position for an end goal of $28. This is the basic strategy that I support in my market, “The Gold and Oil Corner”.

For this week, I recommend trading the channel selling around 40% to 60% of your position between $17.5 and $18.5 and building up between $15.4 and $15 with potential support below 14, $75.

To note: The LIFO method is prohibited by International Financial Reporting Standards (IFRS), although it is permitted in the United States by Generally Accepted Accounting Principles (GAAP). Therefore, only US traders can apply this method. Those who cannot trade LIFO can use an alternative by setting up two different accounts for the same security, one for long term and one for short term.

Warning: The TA table must be updated frequently to be relevant. This is what I do in my stock tracker. The table above has a possible validity of approximately one week. Remember that the TA chart is a tool only to help you adopt the right strategy. This is no way to predict the future. Nobody and nothing can.

Author’s note: If you find value in this article and wish to encourage such continued efforts, please click the “Like” button below to vote for support. Thanks.

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Brexit LIVE: Britain rushes as UK ‘outclasses’ EU | Politics | New https://rauensales.com/brexit-live-britain-rushes-as-uk-outclasses-eu-politics-new/ Mon, 27 Jun 2022 20:27:00 +0000 https://rauensales.com/brexit-live-britain-rushes-as-uk-outclasses-eu-politics-new/

Former cabinet minister Andrew Mitchell has said Britain risks a trade war with the EU if it “brazenly breaks a solemn international treaty” via the Northern Ireland Protocol Bill.

Mr Mitchell has expressed concern that the UK will ‘destroy’ its international reputation by approving legislation designed to deal with issues relating to trade between Britain and Northern Ireland.

Foreign Secretary Liz Truss sought to play down her fears, arguing that the bill had a “strong legal justification” and that the UK remains committed to seeking a negotiated solution.

Ms Truss said the UK continued to raise issues of concern with the EU.

She told the Commons: “We simply cannot let this get out of hand. Northern Ireland has been without devolved government since February specifically because of the protocol, at a time of great global economic challenges.

“Therefore, it is the duty of this government to act now to allow a restored local government plan to begin. It is both legal and necessary.”

Mr Mitchell, speaking, said he had ‘tremendous sympathy’ with what Ms Truss was saying.

He added: “It seems to me that the EU is not particularly constructive in trying to achieve the solution that we all want to see achieved.

“But can I tell him that many of us are extremely concerned that the bill brazenly breaks a solemn international treaty, that it undermines our international reputation, that it threatens a trade war at a when our economy is stagnant and it puts us at odds with our most important ally.

“Can she say something to reassure me in my anguish on these points?

Ms Truss replied: “Our preference is for a negotiated solution and we have been looking for a negotiated solution for 18 months, but just last weekend the EU refused to change the text of the protocol.

“That is why there is a strong legal justification, as set out in our legal declaration, for us to take this step because our priority as the government of the UK must be political stability in our own country.

“And while we bring this bill to parliament, we will continue to seek a negotiated solution with the EU – and in fact the bill contains provisions to implement it.”

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Incentives needed to increase SAF production https://rauensales.com/incentives-needed-to-increase-saf-production/ Mon, 27 Jun 2022 04:25:51 +0000 https://rauensales.com/incentives-needed-to-increase-saf-production/

(June 27, 2022, 10:57 +07)
IATA has called on governments to urgently put in place large-scale incentives to rapidly expand the use of sustainable aviation fuels (SAFs) as aviation pursues its commitment to achieve net zero carbon emissions. 2050.

To meet aviation’s net zero commitment, current estimates are that SAF will account for 65% of aviation’s carbon mitigation in 2050. This would require an annual production capacity of 449 billion liters. Investments are in place to increase annual SAF production from the current 125 million liters to 5 billion by 2025. With effective government incentives, production could reach 30 billion liters by 2030, which would be a switchover for the production and use of SAF.

Aircraft flying overhead with contrails. Photo by Steven Howard from TravelNewsAsia.com

“Governments don’t need to invent a playbook,” said IATA Director General Willie Walsh. “Incentives to transition electricity generation to renewable sources such as solar or wind power have worked. As a result, clean energy solutions are now cheap and widely available. With similar incentives for SAF, we could see 30 billion liters available by 2030. Although still a long way from where we need to be, this would be a clear tipping point towards our net zero ambition of sufficient quantities of SAF at affordable prices.

In 2021, regardless of the price (SAF costs between two and four times the price of conventional jet fuel), airlines have bought every drop of the 125 million liters of SAF available. And already, more than 38 countries have SAF-specific policies that pave the way for market development. Inspired by these policy measures, the airlines entered into $17 billion forward purchase agreements for SAF.

Additional investments in production must be supported by appropriate policies. This would increase supply and reduce costs.

Generating electricity from solar or wind energy faced similar obstacles when these technologies replaced fossil fuels. Thanks to effective policy incentives, both are now affordable and widely available.

By applying similar incentive policies to SAF, governments can help global SAF production reach 30 billion liters by the end of the decade. This would be a tipping point as it would send a clear signal to the market that SAF is playing its long-term role in decarbonizing aviation and encourage investment to increase production and lower prices.

The SAF market needs stimulation on the production side. The United States sets an example for others. Its SAF production is expected to reach 11 billion liters in 2030 thanks to strong government incentives.

Europe, on the other hand, is the example not to follow. As part of its Fit for 55 initiative, the EU plans to require airlines to increase SAF by 5% at every European airport by 2030. Decentralizing production will delay the development of economies of scale. And forcing ground transportation of SAFs will reduce the environmental benefits of using SAFs.

Hydrogen and electric-powered planes are part of aviation’s plan to achieve net zero emissions by 2050, but they will likely be limited to short-haul routes. SAF is the proven solution for long-haul flights.

“Hydrogen and/or electric propulsion systems will most likely be available for short-haul commercial flights by 2035, but the majority of emissions come from long-haul wide-body flights and to combat these emissions, SAF is the only proven solution. We know it works, and we need to redouble our efforts to engage all industry players, including governments, to increase production, availability and adoption,” said Sebastian Mikosz, vice- IATA Senior Chair for Environment and Sustainability.

In October 2021, IATA member airlines came together and made the monumental decision to commit to achieving net zero emissions by 2050, a huge challenge as the expected scale of the industry in 2050 will require mitigation of 1.8 gigatonnes of carbon.

In order to provide the right set of coherent policies and the long-term stability needed for investments, the aviation industry calls on all governments to support the adoption of a long-term climate goal for air transport at the 41st Assembly of the International Civil Aviation Organization (ICAO) in September, in line with industry commitments.

This climate target is key to supporting industry’s decarbonisation ambitions and would provide a global multilateral framework for action without distorting competition.

Recent interviews in HD video: HD Video Interviews of Miss International Queen 2022 in Pattaya, Thailand, Siam@Siam Design Hotel Pattaya – Interview with Clive Nagington, How winning Miss International Queen 2020 changed my life – Interview with Valentina Fluchaire, Miss International Queen 2022 – Interview with Alisa Phanthusak, MD of Tiffany’s Show Pattaya, Mövenpick Siam Hotel Na Jomtien Pattaya – Interview with Dmitry Chernyshev, GM, Is Siam Seaplane ready to take off? Interview with Dennis Keller, Commercial Director, new CEO of Pattana Sports Resort in Chonburi, Thailand – Interview with Bodintorn Juangroongruangkit and
Sports Training and Fitness at Pattana Sports Resort in Chonburi, Thailand – Interview with Craig Wood.


Securities:

Marriott signs 2,200 rooms in 8 hotels in Vietnam Malaysia Airlines to launch KUL-HND flights; Expands codeshare with JAL SITA to improve air traffic communications at airports in Poland Embraer signs firm order for up to 10 Embraer E-Jets passenger-to-cargo conversions Korean Air renews CEIV Pharma certification with IATA Cyprus orders six H145Ms for National Guard incentives needed to increase SAF Production IHG signs first InterContinental hotel in Uzbekistan Photos from the Miss International Queen 2022 transgender beauty pageant in Pattaya, Thailand HD video interviews of Miss International Queen 2022 in Pattaya, Thailand Siam@Siam Design Hotel Pattaya – HD Video Interview with Clive Nagington How winning Miss International Queen 2020 changed my life – Interview with Valentina Fluchaire IHG signs luxury hotel in Penang, Malaysia signs distribution agreement with Travelport Thai Airways launches flights to Jeddah, Saudi Arabia Braathens flies an ATR 72-600 with 100% SAF in the two-engine Air Canada launches flights to Bangkok; Resumption of service from Mumbai Qantas A380 resumes SIN-LHR flights; First Class Lounge Reopens in Changi Randy Shimabuku Appointed General Manager of Two Four Seasons Hotels in Bali, Indonesia Rosewood Signs Urban Resort in Xi’an, China China Airlines Unveils Network Expansion Plan IHG Partners with Unilever to replace bathroom miniatures with larger bottles/dispensers Mehmet Tevfik Nane Becomes Chairman of the IATA Board of Directors; Turkey to host GA in 2023 Etihad increases flights to London Heathrow and Dublin; Return to LHR T4 Qantas and Airbus to Accelerate Establishment of SAF Industry in Australia Cathay Pacific Expands Distribution Strategy with Saber Pamela Ong Named General Manager of Courtyard by Marriott Phuket Town Qatar Airways Group Reports Record Profit Centara Targets Thai Vietjet passengers with promotion Hong Kong airport reports May Cargo and passenger traffic in 2022 SITA partners with Alstef Group to launch self-service bag drop solution SalamAir launches flights between Muscat and Bursa, in Turkey Service; Double e-wallet of SIN-MNL flights added to the super airasia application in Malaysia HD video interviews of the Thailand Yacht Show 2022 in Jomtien, Pattaya Body treatments The Four Seasons Hotel des Bergues Geneva launches a Masterclass on the art of floristry Miss International Queen 2022 – Interview with Alisa Phanthusak, MD of Tiffany’s Show Pattaya AirAsia X expands its network; IATA Appoints Dr. Xie Xingquan as Regional Vice President – North Asia Swire Hotels to Implement IDeaS G3 Revenue Management System Airbus A321XLR Takes Maiden Flight; Entry-in-service targets for early 2024 SITA to provide Skyports with technology for Vertiport test bed near Paris United Airlines adds more plant-based food options to its Family Fun menu in Jomtien, Pattaya – Interview with Dmitry Chernyshev, GM of Mövenpick Siam Hotel Mandarin Oriental to Take Over Luxury Alpine Resort in Italy Scoot opens ticket sales on flights to Tokyo and Osaka, Japan Sounds Air to improve global distribution with Amadeus travel platform The Royal Australasian College of Surgeons to host scientific congress in Christchurch Airbus launches Airspace Link HBCplus connectivity solution for CWT airlines expands Sales team with six appointments Aeromexico Connect tests Embraer’s Beacon platform Siam Seaplane ready to take off? Interview with Dennis Keller, Chief Commercial Officer Christian Poda returns to Hong Kong as General Manager and Vice President of Four Seasons Jetstar Asia to increase Singapore – Bangkok and Bali flights Rosewood to manage Bauer Hotel in Venice, Italy Cebu Pacific to increase flights between Manila and Dubai Airways and American Express allow solo travelers to use companion vouchers Kiri Hannifin joins Air New Zealand as Chief Sustainability Officer NHIndustries signs NH90 assistance contract with NAHEMA New CEO of Pattana Sports Resort Q4 in September Ivan Giles returns to Four Seasons Langkawi as GM Anantara’s Banana Island Resort in Doha reopens surf pool; Launches Whale Shark Tours IHG Opens Atwell Suites Denver Airport – Tower Road Kansai Airports Partners with Airbus to Study Hydrogen Use in Aviation RPK up 331.9% in April Qantas to increase flights between Broken Hill and Sydney SITA to find and repatriate lost items at Passenger Terminal Expo 2022 Cebu Pacific continues to expand international network Cargo asks Thales to launch new airport security scanner Sports training and fitness at Pattana Sports Resort in Chonburi, Thailand Free eggs by 2025 Air Astana launches Almaty – Crete flights Idemia Expand s Partnership with Changi Airport in Singapore Falcon Aviation Services aims to launch eVTOL flights to Dubai Bruce Morris and Philip Levinson join KFS Hotel Capital as advisory board members Accor opens Sebel Twin Towns Coolangatta Marriott opens first hotel Le Royal Méridien in Qatar Michiel de Kleer appointed General Manager of 512-room Holiday Inn Singapore Atrium Augustina Tandun joins Renaissance Bali Uluwatu as DOSM Google Cloud, AI, NDC and more – Airline Retailing Interview with Darren Rickey, Saber Travel Industry Interview with Kurt Ekert, President of Saber HD Videos and Interviews HD Video Interviews Podcasts RSS Feeds – Travel Industry News Ticker – Travel Industry News Travel Industry News Archive Travel Trade Shows Galleries high resolution images


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Brexit LIVE: “Ineffective!” Red-faced Macron as France falls BEHIND Brexit Britain | World | New https://rauensales.com/brexit-live-ineffective-red-faced-macron-as-france-falls-behind-brexit-britain-world-new/ Sun, 26 Jun 2022 02:30:00 +0000 https://rauensales.com/brexit-live-ineffective-red-faced-macron-as-france-falls-behind-brexit-britain-world-new/

Boris Johnson must “really” push Brexit forward if he wants to stay in government, Nigel Farage has suggested, referring to the ongoing election crisis.

The longtime Brexiteer and pioneer of the movement to get the UK out of the EU has criticized Mr Johnson for pandering to Brussels’ demands during negotiations in 2019.

When he was first named Tory leader, the No 10 holder pledged to ‘get Brexit done’ by forcing the Continent to renegotiate the deal he struck with Theresa May.

Writing for MailOnline, Mr Farage said: ‘What people voted for in 2016 was real Brexit.

“They want full sovereignty over our borders.

“Respecting their wishes will not only achieve this goal, but will also help Boris Johnson win in the next election.

“As a Prime Minister on the ropes who seems to want to stay in power, he should listen to this message rather carefully.

“For although advisers advise and ministers decide, the voters have the final say.”

The Prime Minister won the 2019 election campaign for his Northern Ireland Protocol, saying it would ‘do Brexit’.

But checks on goods crossing the Irish Sea caused a stir and he tabled a bill to rip them up, angering the EU.

Critics said at the time that the protocol, which subjected British goods in Northern Ireland to certain EU rules, created a border inside the UK.

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How North Coast California winemakers are finding bottles, labor and a way out of the pandemic https://rauensales.com/how-north-coast-california-winemakers-are-finding-bottles-labor-and-a-way-out-of-the-pandemic/ Sat, 25 Jun 2022 15:11:01 +0000 https://rauensales.com/how-north-coast-california-winemakers-are-finding-bottles-labor-and-a-way-out-of-the-pandemic/

We pride ourselves on making affordable everyday wines and liquors with the intention of bringing value to consumers. Our intention is to create lasting relationships with customers, and we believe affordability is an important part of what we continually strive for.

Insurance has become a real challenge over the past three years and although we have an excellent track record with few to no claims, we are not exempt from huge increases due to the many losses insurers have suffered within of the industry and fair overall. .

Fortunately, our safety record is one of the best and we have managed to keep these costs fairly. We buy a lot of grapes and wine in bulk, so even if our policies stabilize a little, we know that these costs must be passed on to our suppliers so that they continue to supply the fruit needed for the next vintage. We’ve been very lucky in terms of labor turnover, but I know it’s been a tough time for many others.

How does your current level of sales and approach to marketing compare to pre-pandemic? What innovations from the past two years are you keeping or leaving behind?

Richard Bruno

As a small producer, it has become apparent that most of our wines are sold to independent restaurants. As we try to diversify into business retail, our sales have increased as restaurants have reopened and become healthy businesses again.

We had packed a good part of our wine in barrels for on-site accounts. As the pandemic has closed most restaurants, we have consequently reduced our stocks of wines on tap. We will continue to use a just-in-time inventory approach for the kegging and may run out of stock from time to time.

Hugh Davies

While 2020 was a tough year, demand outstripped supply in 2021, and that trend continues in 2022. We saw growth through direct-to-consumer and three-tier wholesale channels. Concerted marketing efforts during the pandemic have provided us with a unique opportunity to connect with our consumers and wholesale partners.

Zoom presentations, digital campaigns, virtual tastings, and good old-fashioned phone connections have all expanded our ability to connect with our audience. At the winery, while visitor numbers are stable, the diversity of experiences, including outdoor tastings, has increased during the pandemic, and our visitors have really enjoyed this transition.

Michael Honig

Sales have been really strong, and I just wish we had more wine. We have adjusted some of our sales and reduced our business trips. The pandemic forced us to pivot and think of innovative ways to market our brand and reach consumers who couldn’t travel or visit.

We’ve adopted a robust virtual tasting program, hosting hundreds of consumer tastings, as well as partnering with companies like Google, Wells Fargo, and UBS to offer tastings to their employees instead of sales meetings and wrap-up parties. of year. It was also a great opportunity to focus on a stronger social media presence.

Rather than streaming tastings with our winemaker, we decided to partner with well-known celebrities to taste our wines on Instagram Live. It was very fun! As with most wineries, we have seen a significant increase in online wine sales (around 400%). Many people didn’t know it was possible to order wine for home delivery, but once they found out it was very popular.

Will Jarvis

We are currently experiencing a post-pandemic increase in visits. People who have been cooped up in their homes during the pandemic are eager to travel, and Napa is a popular national destination.

We experimented with “virtual tastings” during the pandemic, but it was not a good substitute for tasting wines together in person and we are abandoning this practice.

However, over the past two years we have also experimented with successful direct-to-consumer “in-market” events which we plan to continue.

Michael Muscardini

As I said before, we are very focused on marketing our experiences. I think for a winery our size, it really helped our sales. It sounds simple, but someone at the winery has to ask customers who come in the door to buy wine or shop online, “What would they like?” What are they looking for?”

Our main innovation is that for two years we have been asking for reservations. It made all the difference in the world. Our Tasting Room Manager Nick Ciccolella can handle all staff schedules around our bookings. The goal is to never be understaffed and we use TOK.

Omar Percich

We’ve actually been lucky in some ways because grocery sales have really jumped during the pandemic, but we’ve lost sales globally on the spot and those are just recovering. Overall, we are pleased to see our portfolio doing well and we will continue to innovate products using the strengths of our people and our expertise.

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