Czech Manufacturing – Skrine Vestavene Thu, 19 May 2022 19:45:03 +0000 en-US hourly 1 Czech Manufacturing – Skrine Vestavene 32 32 NASENI obtains $11 million from the Czech Republic for R&D Thu, 19 May 2022 19:45:03 +0000

The Czech Republic has provided Nigeria with the sum of eleven million US dollars to strengthen research and development in the country.

The federal government has also contributed two billion naira to the project.

The Co-Chair of the Presidential Technology Transfer Implementation Committee, PICTT, Prof. Mohammed Haruna made the point during the launch of the public call for proposals on the Delta 2 program in Abuja.

Professor Haruna said the Delta 2 program is designed to enhance technology transfer, mobilize interaction and investment between private sectors and stakeholders in Nigeria and the Czech Republic.

He said the public call for proposals for the project co-funded by the two countries covers three priority areas: agriculture and food technology, mining and industrial development, as well as general manufacturing for micro, small and medium enterprises. , the development of MSMEs.

Professor Haruna explained that PICTT would achieve the mandate of the Delta 2 project by sourcing technologies from manufacturing companies in the Czech Republic, tertiary institutions, research and development as well as in Nigeria.

The co-chair noted that the results of the technologies emerging from the collaboration would be domesticated in Nigeria through NASENI and other research institutes.

Professor Haruna further explained that the submission of the project proposal lasts between May and July 2022, while the evaluation and announcement of the result will be between July and November this year.

The Chairman of PICTT and Chairman of the Nigeria/Czech Investment Council, Dr. Mohammed Dahiru, called on researchers from universities, public and private research institutes as well as individual researchers to present their proposal focused on results with local solutions.

”Our major problem is over-reliance on importation, we are a consumer nation but we want to start producing things in Nigeria and spare ourselves the risk of importation and the disadvantages that come with it”.

Dr Dahiru assured that creating an environment and funding was no longer a challenge.

“The funding is there for the private sector and research institutes to access, the website is free and open to anyone, but make sure what you are applying for should match the needs of Nigerians.”

In addition, the representative of the Czech Republic, Beata Marusikova, called the project historic and hoped that her country’s experience in technology and Nigeria’s potential would translate into good fortune for the private sector in research and development in both countries.

Reporting by Rabi Momoh, editing by Daniel Adejo

Increasing use of eco-friendly and biodegradable materials is driving the market for yoga and exercise mats Mon, 16 May 2022 16:38:22 +0000

“Yoga and Exercise Mats Market by Material (Polyvinyl Chloride, Natural Rubber, Polyurethane, Thermoplastic Elastomer, Others), Distribution Channel (E-Commerce, Supermarket & Hypermarket, Specialty Store), End-Use, Region”

The Global yoga and exercise mats market size is expected to increase from USD 11.7 billion in 2021 to USD 15.2 billion by 2026, at a CAGR of 5.3% during the forecast period 2021 to 2026. The increase in obesity rate across the globe is one of the major factors propelling the growth of the yoga and exercise mats market.

Many government agencies around the world are encouraging manufacturers to invest in eco-friendly components to develop yoga mats. In order to comply with strict government regulations, yoga mat manufacturers are shifting their focus from using PVC materials to various eco-friendly materials such as cotton, jute, and many more. Companies such as Manduka, Prana, Yoloha, Jade Yoga, and Tomuno, among others, focus on using low-carbon components during the manufacturing process. For example, leading yoga mat companies, such as Dragonfly Yoga, are diverting their investments from developing eco-friendly and lightweight yoga mats to offering biodegradable and eco-friendly solutions.

Know the assumptions used for the study download the pdf brochure

The polyvinyl chloride segment accounted for the largest share of the yoga and exercise mat market in 2020.

Polyvinyl chloride is used to make yoga and exercise mats because it is less expensive than other polymers, provides flexibility, durability, and is also easier to wash compared to other materials. Therefore, polyvinyl chloride is preferred for making low cost yoga and exercise mats. It is observed that the use of polyvinyl chloride yoga and exercise mats is higher in developing countries, such as India, Brazil, Argentina, and Mexico.

The personal segment accounted for the largest share of the yoga and exercise mat market in 2020.

Yoga and exercise mats are increasingly being adopted for home workouts, as they are used as heat protectants, absorbent pads, in garden pose, and other recreational activities. Yoga and exercise mats have more uses than their basic functions, due to which their consumption has steadily increased in the consumer market. This is expected to drive the growth of the yoga and exercise mats market over the forecast period.

Asia-Pacific accounted for the largest share of the global yoga and exercise mat market in 2020

Asia-Pacific accounted for the largest share of the yoga and exercise mats market in 2020. The countries considered for the study on the yoga and exercise mats market in Asia-Pacific include China, India, Japan, South Korea, Malaysia, Thailand, Australia and Singapore. According to the UN study, the number of yoga practitioners is highest in the Asia-Pacific region. Factors such as local government initiatives to support the yoga industry, such as the Indian government’s AYUSH initiative, the presence of cheap labor and plenty of raw materials, awareness of health and the inclination towards a healthy lifestyle among young people, and the presence of many local manufacturers of yoga and exercise mats are responsible for propelling the demand for yoga and exercise mats in the region Asia Pacific.

Lululemon Athletica Inc. (Canada), Columbia Sportswear Company (USA), Adidas AG (Germany), Under Armour, Inc. (USA), Sequential Brands Group Inc. (USA), Airex AG (Switzerland) , Jade Yoga (USA), Manduka LLC (USA), Hugger Mugger Yoga Products (USA), Liforme Ltd. (UK), Barefoot Yoga Co. (USA), Fabrication Enterprises, Inc. (USA), Quanzhou Sansheng Rubber Plastic Foamed Shoes Materials Co., Ltd. (China), La Vie Boheme Yoga (USA), Accessory Arcade (India), Eupromed SRO (Czech Republic), Ningbo Mylon Rubber & Plastic Co., Ltd. (China), Winboss International Co., Ltd (Taiwan), Xiamen Sanfan Sports Products Co, Ltd. (China), Alo Yoga (USA), TEGO (India), Ecoyoga (USA), Shenzhen Haifuxing Technology Co., Ltd (China), Shanghai Fitness Sourcing Inc. (China), Fitness Mats (India) and Yoga Direct LLC (USA), among others, are the prominent players operating in the yoga and exercise mats market.

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European photovoltaic subsidies, a divisive topic – pv magazine International Sat, 14 May 2022 04:30:29 +0000 The urgent need for European countries to reduce their gas consumption, combined with the European funds available for the energy transition, creates political incentives to subsidize renewable energy projects, including solar energy storage and batteries. Governments are introducing programs that can accelerate the development of expensive applications and emerging technologies such as agrivoltaics.

Italy, which recently received the first disbursement of 21 billion euros ($23.53 billion) from the Next Generation EU fund to propel the recovery from the pandemic, is an example of lavish public support. The country is currently working on two programs for the agricultural sector. The first targets photovoltaic installations on the roofs of energy-intensive farms in the 375 MW Agrisolar park (“Parco Agrisolare” in Italian), and the second is still under negotiation.

“The Italian government will make available 1.5 billion euros for just 375 MW of installations for the Agrisolar park, bearing the cost of these subsidized solar systems, including batteries, roofing and vehicle charging stations, at nearly €4,000/kW. On the market, a rooftop installation with the same characteristics costs up to three times less,” said Mauro Moroni, energy transition ambassador for Kiwa Italia.

According to Moroni, the scheme recalls the tax deductions linked to the 110% tax deduction for energy efficiency and small systems for the residential sector, which have “created distortions on the domestic systems over the last two years, increasing the cost of facilities”. He adds that similar programs could delay certain decisions already made to invest private funds, while creating a negative image for the sector.

Agri-PV Grants

Direct beneficiaries of the Italian agri-PV program point out that while the subsidies are important, they are also in line with their mission. They explain that the Agrisolar park is not simply intended to increase solar capacity, as evidenced by the fact that the Ministry of Agriculture and Forestry (Mipaaf) is responsible for the program.

“From an outside perspective, this may seem like a speculative measure, but we are talking about farms and not houses. We are talking about a business support measure for the years to come,” said Francesco Mastrandrea, president of the Italian Confederation of Young Farmers.

Mastrandrea said photo magazine that the program creates the conditions for more innovative energy-intensive farms and barns. He argues that farmers would not install PV on asbestos-laden roofs, given the cost of removing and disposing of the now-banned material.

“Italian agriculture is millenary and has infrastructures that are no longer used. The functionality of this infrastructure should be maximized,” said Mastrandrea.

To improve this first scheme, Mastrandrea calls for removing the self-consumption condition in the scheme. “I would favor the power supply from the network, because many hangars could accommodate photovoltaic installations. Support for agriculture could increase the food and energy security of energy end consumers in surrounding areas,” he said. The decree on the Agrisolar park is still under discussion in Brussels, and Mipaaf is awaiting feedback.

An interministerial commission is currently working on the second agri-PV program to be launched by the Ministry for Ecological Transition. Farmers, the main electricity sector association (Elettricità Futura) and other stakeholders are negotiating.

The farmers’ association adds that Italy could cover 60-70% of its energy needs by installing photovoltaic systems on 0.2% of its usable agricultural land. “If we look at the number of abandoned lands each year, we can see that the energy element is coming at the right time,” Mastrandrea concluded.

Past scars

High subsidies are relatively common in the European photovoltaic sector, not only in Italy. The example of the Czech Republic shows how generous regimes have negative repercussions, which can even last for decades.

“We had a solar boom in 2009-10, when 2 GW was installed with feed-in tariffs. Two thousand power plants have been built, costing more than one billion euros per year,” said Jan Krčmář, president of the Czech Solar Association. “In the eyes of the government, [it] is roughly a feed-in tariff. And they had a bad experience with it once. They no longer want long-term operational grants.

Krčmář explains to policy makers that mistakes made in previous auctions are now avoidable. However, the Czech government has devised a “special” investment subsidy system for large-scale ground-mounted power plants, financed by the Modernization Fund with CO revenue.2 certificates.

“The solar park, unlimited [by] Power [capacity], can apply for up to €250,000 per MW as one-off grants. You build the power plant and sell electricity through PPAs or the market. After logging in, you receive a grant,” Krčmář explained.

“The state subsidy is an investment subsidy. When the program was designed a year ago, electricity prices were low…now, with high energy prices, the projects are very lucrative. Krčmář went on to add that most of the investors designed the projects without considering the grants because they wouldn’t get them automatically. “If they get them, great; otherwise they would go anyway.

Czech grants also do not require projects to receive building and zoning permits, meaning the state could support projects that local authorities could then reject.

Krčmář said governments should promote auctions instead, as part of a broader support mechanism. “Small investors would also participate in auctions if it meant selling electricity at €70/MWh if they had advantages such as building on agricultural land and fast permitting procedures. normally do not lower electricity prices.

Romanian costs

Romania recently published a new state aid scheme for wind and solar generation as part of the recovery and resilience plan.

“The total budget is 457 million euros and the application window closes at the end of May. State aid must not exceed €425,000/MWp for solar projects with installed capacities above 1 MW”, explained Andrei Covatariu, co-founder of ECERA, a network of sustainable development practitioners.

The Romanian expert argues for the use of the current tender design, which involves a guaranteed strike price determined by reduced-auction tenders and subsequent auctions, evolving according to new market conditions.

“In doing so, we will benefit from any cost reductions brought about by manufacturing improvements and perhaps by scaling up some manufacturing processes in Europe. In addition, Romania benefits from the Modernization Fund under of the ETS [Emission Trading Scheme] and generous allocation through Next Generation EU, so this should allow development with minimal impact on consumer bills in the short to medium term,” Covatariu said. photo magazine.

Covatariu expects the cost of renewable capacity to increase in the coming years due to an increase in global prices for energy and rare earth metals. “Also, as manufacturers will have limited production capacity, they may raise prices to differentiate buyers. For this reason, compared to tenders organized before 2022, an increased need for subsidies is to be expected,” added the co-founder of ECERA.

This price increase could also lead to less competition in future tenders, with larger companies exercising their bargaining power to obtain better prices for the same components, argues Covatariu. He says predictable conditions are needed to avoid further stifling competition.

“At the start of 2010, Romania had a generous investment plan. It was the beginning of green investing, so there weren’t too many best practices and benchmarks to learn from. The program did not have different investment periods and practically did not take into account the cost of learning different technologies. Consequently, this immediately translated into a challenge for some customers, especially energy-intensive industrialists. For these reasons, the authorities had to rethink the support scheme while it was in place, which turned the country into a rather hostile destination for new energy investments.

Grant Design

Experts suggest that PV subsidies should be a function of inflation, the attractiveness of the local market, which is highly dependent on the permitting process, and, more generally, the coherence of political messages. At the same time, subsidies could also take into account geopolitical priorities. Finally, technological developments and the complexity of the various installations must be at the heart of the design.

Returning to the Italian example of agri-PV, Moroni argues that subsidies are not the way to go in most cases, also under current conditions. “The Italian EPC supply chain may need to be rebuilt, the cost of materials has increased and there is a crisis in the availability of chips on the inverter side. So the incentives make some sense, but the government should gradually reduce the incentives and organize competitive auctions by easing the licensing part for large factories while maintaining a reasonable tax deduction for small factories up to the limit,” he said. said Moroni.

Others suggest that governments should prioritize less established PV structures, including vertically oriented installations.

“As things stand, you need grants for innovative technologies that couldn’t be deployed otherwise, like floating solar. said Carlotta Piantieri, partner at Aurora Energy Research, “The ground-based solar economy is already strong at market prices and with PPA contracts. No need for subsidies,” concludes Piantieri.

Is this series coming in 2022! – Overview of the landscape Sun, 08 May 2022 13:00:11 +0000

Netflix’s heart-pounding action flick “Extraction” remains the company’s most popular film. In its first four weeks, the film is estimated to have been viewed by 99 million households.

Tyler Rake is a black market mercenary recruited to rescue the kidnapped son of an imprisoned international crime lord. Chris Hemsworth plays him. He is at the center of the film.

Tyler will be sent on another risky mission in the sequel, with Hemsworth reprising his role as Tyler.

Sam Hargrave is set to direct the sequel, and the Russo Brothers will once again serve as executive producers.

Release date, plot, cast and other details are all available here.

Pull 2:

Extraction 2 will be released in May 2022, according to Deadline. Hemsworth and filmmaker Chris Hargrave are set to return, with Russo penning the screenplay.

“We’re in the early stages of conceptualizing what the story could be,” Joe Russo told Insiders. “We haven’t decided yet whether the plot will travel forward or backward in time.” “After the movie, we left a big question mark that leaves the audience with a lot of questions.”

Extraction 2 will now be produced in the Czech Republic rather than Sydney, Australia as planned due to Covid limitations.

Extraction 2 release date

In Extraction 2, the majority of the original cast are set to reprise their roles. The frame is set for dramatic action. We might also see some new characters in the sequel. We have heard of Tinatin Dalakishvili and Armen Gray so far. Tinatin will play Ketevan.

Hold your breath because Chris Hemsworth will surely reprise his role as Tyler Rake in the upcoming film. The majority of the film is shot in the Czech Republic. They originally planned to shoot Extraction 2 in Sydney and Australia, but due to pandemic concerns, the location was changed.

Tyler is ready for the next task. If you think Tyler is dead, don’t say anything because he isn’t. Tyler is ready to come back. Moments of high-octane action are sure to impress. You are about to embark on a new thrilling adventure. The main question now is how Tyler managed to stay alive.

Who helped him survive? Extraction 2 will provide the solutions to these questions. Many surprises are in store for us. We will keep you posted on this. That’s all for the moment; stay tuned to us here for the latest hit movies and shows.

Read also : Solar Opposites Season 3 Release Date: Is This Series Coming In 2022!

Extraction 2 release date

It’s hard to pinpoint an exact release date at this time, but we do know that filming has wrapped.

Extraction 2 will be released digitally in May 2022, rather than in theaters. It will only be available on Netflix; however, it is possible that it will be available on another OTT platform in the future, although the chances are slim. Netflix currently owns full ownership of the film rights.

According to our sources, the production of the film is relatively fast compared to Extraction, which began filming in 2013 and is scheduled for release on April 24, 2020. When comparing the two, it is clear that their production times are incomparable. Plus, scripting the successors took a fraction of the time. The film was mostly shot in Prague, Czech Republic.

Apart from that, no information about the release date of Extraction 2 has been revealed!

Read also : Who dies in Ozark season 4 part 2? : Check here for every shocking death in this part!

Extraction 2 Casting:

Extraction 2 release date

Leonard Turner (Bruce Willis)

Victoria is represented by Gina Carano.

Harry Turner is played by Kellan Lutz.

Ken Robertson (DB Sweeney)

Theodore Sitterson, played by Steve Coulter

Denise (Summer Altice)

Like Higgins, Dan Bilzerian

Nicole MandiVictoria Gomez

Kris (Lydia Hull)

Drake Tyler is played by Joshua Mikel. Darryl is played by Jon Olson.

Dmitri Kovrov (Roman Mitichian)

Biker Bartender Nikki BreAnne Wells

Christopher Nick PurvisRob Bowen

Ivan is played by Robert Steinberg.

Sean is played by David Gordon.

Sierra Love as Sally and Nick Loeb as Vinn

Young Nathan Varnson Harry

End of extraction:

Extraction 2 release date

The film ends on a cliffhanger, leaving viewers unsure if Tyler Rake lives or is killed.

Tyler is shown falling over the bridge and into the river below after being shot in the neck during the final fight. He seemed unable to return.

Eight months later, we notice someone watching Ovi (Rudhraksh Jaiswal), but the movie ends before we know who it is, but it could very well be Tyler.

According to Hargrave, the ambiguity over the ending arose from test screenings, as “different people saw the image in different ways”.

“We tried to treat him with respect and to serve him. “I think the finale will play out differently for different people depending on how they view the film and what they think of the characters throughout the film.”

Tyler didn’t live up to his “full story” according to Hargrave and the original script, so it’s a good thing they left that note of ambiguity in the sequel.

Because of this, Hargrave and Russo said the sequel could be either a standard sequel or a prequel. They only have to finish the “big end” before moving on.

Russo might be motivated by the comic that inspired the movie, which featured a badly injured Tyler who fell off a bridge but later turned out to be alive.

Extract 2 Teaser:

Salvaged carbon fiber bipolar plates could increase fuel cell capacity by 30% – pv magazine International Fri, 06 May 2022 14:50:44 +0000

Boston Materials and Parisian specialist in advanced materials Arkema unveiled new bipolar plates made with 100% recycled carbon fiber, which increases the capacity of fuel cells. “Bipolar plates make up to 80% of the total stack weight, and plates made with Boston Materials’ ZRT are more than 50% lighter than in-place stainless steel plates. This weight reduction increases fuel cell capacity by 30%,” said Boston Materials.

the University of HoustonThe Texas Center for Superconductivity (TcSUH) in Texas has developed a NiFe (nickel and iron) based electrocatalyst that interacts with CuCo (copper-cobalt) to create high performance seawater electrolysis. TcSUH said the multi-metal electrocatalyst is “one of the highest performing of all reported OER transition metal electrocatalysts.” The research team, led by Professor Zhifeng Ren, is now working with Element Resources, a Houston-based company specializing in green hydrogen projects. The TcSUH article, recently published in Proceedings of the National Academy of Sciences, explains that the apt oxygen evolution reaction (OER) electrocatalyst for seawater electrolysis must be resistant to corrosive seawater and avoid chlorine gas as a by-product, while reducing the costs. The researchers said that each kilogram of hydrogen produced by electrolysis of seawater could also produce 9 kg of pure water.

University of Strathclyde Iridium-loaded polymers are suitable photocatalysts because they break down water into hydrogen and oxygen cost-effectively, researchers say in a new study. The polymers are indeed printable, “allowing the use of cost-effective printing technologies for scaling,” the researchers said. The study, “Photocatalytic global water splitting under visible light enabled by a particulate conjugated polymer filled with iridium,” was recently published in Angewandte Chemie, a journal run by the German Chemical Society. “Photocatalysts (polymers) are of enormous interest because their properties can be tuned using synthetic approaches, allowing simple and systematic optimization of structure in the future and further optimizing activity,” said researcher Sebastian Sprick.

Fortescue Future Industries (IFF) and Firstgas Group have signed a non-binding memorandum of understanding to identify opportunities for the production and distribution of green hydrogen to homes and businesses in New Zealand. “In March 2021, Firstgas announced a plan to decarbonise New Zealand’s pipeline network from natural gas to hydrogen. From 2030, hydrogen will be blended into the North Island natural gas grid, with a conversion to a 100% hydrogen grid by 2050,” FFI said. He noted that he was also interested in partnering with other companies for a “green Pilbara” vision for large-scale projects. The Pilbara is a dry, sparsely populated region in northern Western Australia.

Aerospace H2 signed a strategic partnership with aircraft charter operator FalconAir. “Aviation H2 will have access to FalconAir Bankstown’s hangar, facilities and operating licenses so they can begin building Australia’s first hydrogen-powered aircraft,” Aviation H2 said, adding that it is on track. way to put a plane in the sky in the middle of 2023.

Airboat signed its second US Air Force (USAF) Small Business Technology Transfer contract. “This contract allows the company, in partnership with the University of Houston, to demonstrate an engineering model of a hydrogen fuel cell power plant in a ground and flight demonstration,” said Hydroplane. The company aims to fly its demonstration aircraft in 2023. The 200 kW modular solution is expected to replace existing combustion power plants in existing single-engine and urban air mobility platforms.

Bosch said it would invest up to 500 million euros ($527.6 million) by the end of the decade in its mobility solutions business line to develop “the battery, the central component of ‘an electrolyser’. Bosch uses PEM technology. “With pilot plants expected to come on stream over the coming year, the company plans to deliver these smart modules to smelter manufacturers and industrial service providers beginning in 2025,” the company said. company, adding that it will focus on mass production and economies of scale at its facilities in Germany, Austria, the Czech Republic and the Netherlands. The company expects the market for electrolyser components to reach around €14 billion by 2030.

RWE secured funding approval for a 14 MW electrolyser test facility in Lingen, Germany. Construction is expected to start in June. “RWE aims to use the test facility to test two electrolyser technologies under industrial conditions: Dresden-based manufacturer Sunfire will install a pressurized alkaline electrolyser with a capacity of 10 MW for RWE,” the German company said. . “In parallel, Linde, a world leader in industrial gases and engineering, will install a 4 MW proton exchange membrane (PEM) electrolyser. RWE will own and operate the entire Lingen site. RWE will invest 30 million euros, while the Land of Lower Saxony will provide 8 million euros. The electrolyser installation is expected to generate up to 290 kg of green hydrogen per hour from spring 2023. “The operational trial phase is initially planned for a period of three years, with an option for an additional year “, said RWE, noting that it initiated the approval procedures for the construction of a hydrogen storage facility in Gronau, Germany.

The German federal government and the Land of Lower Saxony have signed a letter of intent to work on infrastructure. They aim to facilitate the country’s short-term diversification needs, while taking into account green hydrogen and its derivatives. “The development of H2-ready LNG import structures not only makes sense in the short to medium term, but is absolutely necessary,” the Lower Saxony authorities said in a statement.

Gas network Finland and its Swedish counterpart, Nordion Energi, announced the launch of the Nordic Hydrogen Route, a cross-border hydrogen infrastructure project in the Bothnian Bay region, by 2030. develop a network of pipelines that would efficiently transport energy from producers to consumers to ensure they have access to an open, reliable and secure hydrogen market. An integrated energy infrastructure would connect customers across the region, from hydrogen and e-fuel producers to steelmakers, eager to create new value chains and products as well as decarbonise their operations,” said Gasgrid Finland. . Regional hydrogen demand is estimated at over 30 TWh by 2030 and around 65 TWh by 2050.

Thierry Breton, the European Commissioner for the Internal Market, met this week in Brussels with 20 CEOs of the European electrolyser manufacturing sector to pave the way for achieving the objectives of the REPowerEU communication, which aims for 10 metric tonnes of locally produced renewable hydrogen. and 10 metric tons of imports by 2030. According to Hydrogen Europe, the meeting focused on regulatory frameworks, easy access to finance and supply chain integration. The European executive wants an installed capacity of electrolyzers of 90 GW to 100 GW by 2030.

BP revealed plans this week to set up large-scale hydrogen production facilities in Teesside, England, one focusing on blue hydrogen and the other on green hydrogen. “Together, let’s aim to produce 1.5 GW of hydrogen by 2030, 15% of the UK government’s 10 GW target by 2030,” the company said. It plans to invest £18 billion ($22.2 billion) in wind power, CCS, electric vehicle charging and new oil and gas fields. Shell, meanwhile, said it could increase its hydrogen interests in the coming months. CEO Ben van Beurden said Shell was “very close to making some major hydrogen investment decisions in northwest Europe”, with a focus on blue and green hydrogen.

Anglo-American unveiled a prototype of the world’s largest hydrogen-powered mining haul truck. It is designed to operate under the day-to-day operating conditions of its Mogalakwena PGM mine in South Africa. “The 2MW hydrogen battery hybrid truck, generating more power than its diesel predecessor and capable of carrying a payload of 290 tonnes, is part of Anglo American’s nuGen zero emissions transport solution (ZEHS),” the company said.

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Powell takes the lead in a series of rate hikes around the world: Eco Week Sat, 30 Apr 2022 21:06:06 +0000

Content of the article

(Bloomberg) – Federal Reserve Chairman Jerome Powell all but promised that U.S. officials would raise interest rates by 50 basis points, the largest such adjustment in more than two decades, but it was less clear about the duration of their action. I have to go.

In a week that is expected to see a global string of rate hikes, Fed officials are expected to raise their benchmark on Wednesday and could also announce they will start letting the central bank’s bloated balance sheet begin to contracting at a rate that is rapidly increasing to $95 billion per month.

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Powell could use his post-meeting press conference to cement expectations of another half-point move in June, while providing more clues about what’s to come as officials grapple with the toughest U.S. inflation. high for four decades.

Meanwhile, the other part of the Fed’s mandate – the labor market – remains robust. Friday’s figures are expected to show employers added about 400,000 jobs in April. Unemployment is expected to fall to 3.5%, equaling the lowest since 1969, and average hourly earnings should post another solid advance.

Other key economic data from the United States next week include manufacturing and services surveys for April, as well as the job openings report for March.

Powell supported frontloading policy measures to bring price pressures back to the Fed’s 2% inflation target. But it’s unclear whether he’s prepared to say that means pushing rates this year into restrictive territory, or in other words above the neutral level that neither speeds up nor slows down the economy. Officials see this rate at around 2.5%.

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Other central bankers, including James Bullard, have publicly supported overshooting neutral if price pressures do not ease as expected. The St. Louis Fed chairman backs a rate hike to 3.5% and said a 75 basis point hike should be part of the debate — a position that several of his colleagues have pushed back against.

What Bloomberg Economics says:

“The latest wage data is already prompting markets to consider another 75 basis point tightening in June. We think that would be premature, given early signs that US inflation is peaking… The latest consumer spending report showed a modest deceleration in core PCE inflation, and services spending more at the end of the first quarter will release some pressure on property prices.

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–Anna Wong, Yelena Shulyatyeva, Andrew Husby, Eliza Winger, economists. For a full analysis, click here

Elsewhere, at least a dozen other central banks are due to make policy decisions in the coming week, with multiple rate hikes expected. Their size can vary from the 15 basis points predicted by economists for Australia, to a quarter of a point in the United Kingdom, to full percentage points in Brazil and Poland.

Click here to see what happened last week, and below is our summary of what’s happening in the global economy.


China’s Purchasing Managers’ Index released on Saturday showed economic activity contracted sharply in April amid Covid-related shutdowns. Industrial production and demand for services have both been affected. Regional reports due in the coming week may again show the ripple effects of supply grunts.

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After inflation accelerated faster than expected, Australia’s central bank may be forced to raise rates amid an election campaign when it meets on Tuesday. It will also inform markets of the plans for the bonds it has accumulated during its nearly two-year quantitative easing program.

Governor Philip Lowe will have the opportunity to expand on his thinking and update his outlook in Friday’s quarterly policy statement.

The widely expected Fed tightening will be closely watched in Asia, with the Hong Kong Monetary Authority expected to react on Thursday as it reflects US policy.

Japan has a three-day holiday, then returns on Friday with price data from Tokyo that may show a slight rise in fuel costs.

For more, read the full Asia Week Ahead from Bloomberg Economics

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Europe, Middle East, Africa

The Bank of England’s decision on Thursday will be the region’s high point, with most economists expecting the key rate to be raised for a fourth consecutive meeting to 1%, the highest level since 2009.

Potential minority votes for an even bigger half-point increase could add color to the outcome, and the possibility of an announcement of asset sales under its quantitative easing program could also spark controversy. interest of investors.

Other central banks will also tighten. Iceland could be first, up at least half a point on Wednesday. The next day, the Czech central bank should carry out a similar operation, while that of Poland should be twice as large.

By contrast, Norwegian officials are likely to keep their rate on hold on Thursday, but signal that a series of planned rate hikes remain on track, with the next scheduled for June.

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Meanwhile, on Friday, Sweden’s Riksbank will release the minutes of its April 28 meeting that culminated in a historic political pivot with a sudden rate hike.

Euroregion data includes unemployment on Tuesday and German industrial production at the end of the week, which will show the impact of supply shortages created by the war in Ukraine.

South African data on Tuesday will likely show that manufacturing sentiment fell for the first time in four months, following the worst flooding in decades in KwaZulu-Natal province, home to the country’s biggest port.

Turkish data on Thursday is expected to show a further acceleration in inflation due to higher food and energy prices, as the central bank continues to implement the unorthodox interest rate policy low favored by President Recep Tayyip Erdogan.

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For more, read Bloomberg Economics’ full week for EMEA

Latin America

In answer to one of Latin America’s biggest questions right now – are we still inflationary? – look for April readings from Peru, Colombia and Chile to offer a firm “no”. The surge in consumer prices seen in all three economies over the past year had shown few signs of abating, even before Russia’s invasion of Ukraine and its dislocation from various commodity markets.

Minutes from Friday’s Colombian central bank meeting, where a third consecutive 100 basis point hike and a sixth straight hike raised the policy rate to 6%, are eagerly awaited, especially after the seemingly dovish decision in March. .

In addition to inflation data, Chile releases its proxy GDP data for March and business confidence surveys. The central bank is expected to extend a record tightening cycle on Thursday with a 100 basis point hike to 8%, with even more on the way.

On Wednesday, Brazil’s central bank is all but certain to raise its policy rate for a 10th straight meeting, the longest tightening cycle since 1999. Most analysts expect a second straight hike of 100 basis points, which would push the rate director at 12.75%.

Also from Brazil, a series of reports – many of which have been delayed for weeks by striking central bank workers – will cover economic activity, the budget, trade, current account, foreign direct investment , loans and industrial production.

For more, read the full Latin America Week Ahead from Bloomberg Economics

©2022 Bloomberg LP



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Bulgaria becomes a regional hub for gas supply – Fri, 29 Apr 2022 05:33:21 +0000

The Capitals brings you the latest news from across Europe, thanks to on-the-ground reporting by EURACTIV’s media network. You can subscribe to the newsletter here.

European news you deserve to read. welcome to Capitals by EURACTIV.

In today’s news from the capitals:


A regional coordination center will be set up in Bulgaria to manage the overall use of gas and electricity infrastructure and additional gas purchases for the Balkans and Italy, Deputy Prime Minister and Minister of Finance announced Asen Vassilev in Brussels after meeting European Commission President Ursula von der Leyen and Executive Vice-President Frans Timmermans on Thursday 28 April. Read more.


Editor’s review: Caution is needed when waging economic warfare. The argument used by analysts and experts to convince themselves that Russian President Vladimir Putin would not attack Ukraine was that a war would go against economic logic. They overlooked the fact that Putin was expecting victory in a few days and that he saw the subjugation of Ukraine as his historic mission. Read more.



Timmermans: Food safety alarmism is “dishonest, irresponsible.” Raising fears of food shortages is ‘irresponsible and dishonest’, says European Commission Vice-President Frans Timmermans, who accused critics of using the war in Ukraine as a ‘pretext’ to derail the government’s green farming ambitions. EU. Read the full story.



Former President Hollande says the left alliance could “kill” the Socialist Party. An alliance between France’s left-wing parties ahead of legislative elections could lead to the demise of the Socialist Party, a former socialist leader and former president Francois Hollande has warned. Read more.



Germany prepared for a “sudden” ban on Russian gas, says Scholz. Germany has been preparing for the day when it will be “suddenly” cut off from Russian gas, Chancellor Olaf Scholz said in a statement. Read more.



Austrian states call for end to headscarf ban in kindergartens. Austrian states are calling for the headscarf ban in kindergartens to be lifted despite federal ministries, currently led by the conservative party (ÖVP), aiming to maintain the ban. Read more.



Dutch right-wing extremists fueled by Ukrainian war. The Russian narrative of the war in Ukraine fuels the radical ideas of extremist groups, according to Erik Akerboom, director of the General Intelligence and Security Service (AIVD), reports the NOS television channel. Read more.



Irish PM says Brexit and NI protocol issues are hampering peace process. Issues surrounding Brexit and the Northern Ireland Protocol have “hindered” the peace process in Northern Ireland, Irish Taoiseach Micheál Martin told a parliamentary committee on Thursday. Read more.



Denmark sends tanks, anti-tank mines and mortar shells to Ukraine. Denmark is sending M113 armored personnel carriers (APCs), anti-tank mines and mortar shells to Ukraine, DR News reported on Thursday. Read more.



Almost half of Finns ready to turn off the engines. Almost half of Finns would be willing to cut back on commuting and commuting in case transport fuel prices continue to rise, according to a new survey. Read more.



The Swedish Left calls for a referendum on NATO. Left Party leader Nooshi Dadgostar called for a referendum on the country’s likely NATO bid in an interview with Radio Eko on Thursday. Read more.



The Basque independence party “saves” the Spanish anti-crisis package in parliament. Parliament on Thursday approved the government’s new anti-crisis package which aims to mitigate the negative impact of Ukraine’s war on the economy with a narrow majority – including the Basque Independence Party. Read more.

Spain reaffirms NATO unity in the face of the Russian invasion of Ukraine. Staying united is the best way to win the war launched by Russian President Vladimir Putin against Ukraine, Defense Minister Margarita Robles reaffirmed on Thursday. Read more.



Italy extends indoor face mask mandate, workplace deemed the exception. In Italy, wear a face mask will remain mandatory in schools, public transport and indoor events, but will only be “strongly recommended” in all workplaces from May 1. Read more.



Athens says it will “respect” Finland’s decision to join NATO. Greece will respect Finland’s potential decision to join NATO, Greek Prime Minister Kyriakos Mitsotakis said Thursday during a meeting with his Finnish counterpart Sanna Marin in Athens. Read more.



The Portuguese Prime Minister reminds the opposition what “real austerity” is. Portuguese Prime Minister António Costa on Thursday accused the opposition of wanting to undermine the country’s international economic and financial credibility. Read more.



Hungary would pay Gazprom in rubles. Hungary does not believe Russia’s Gazprom will cut gas to the country and has no plan to replace it “overnight”, the government said on Thursday, adding it would pay in rubles if necessary. Read more.



The Russian ban leaves Polish municipalities without gas. the The Russian company Novatek Green Energy has cut gas supplies to several Polish municipalities due to sanctions imposed on Russian oligarchs and companies. Read more.



Chips Act at the top of the priorities of the Czech Presidency. As the Czech Republic takes over the rotating EU Council presidency in July, it has confirmed that it wants to focus on the refugee crisis, energy independence and the chip law. Read more.



Ukrainians buy off-road cars in Slovakia to send them to war zones. Ukrainians have started buying used off-road cars in bulk for use in areas where infrastructure has been destroyed after the Ukrainian government removed customs duties on imported cars. Read more.



Analyst: Serbia letting military equipment cross the country to Ukraine should not harm Russian relations. Serbia allowing rail transport with non-combat military equipment for Ukraine to pass through its territory is not legally wrong, military analyst Aleksandar Radić said on Thursday, adding that he did not expect this to happen. harms relations with Russia. Read more.

Stellantis will produce electric cars in Serbia. Representatives of the Stellantis company and the Serbian cabinet on Thursday signed a contract to finance the manufacture of electric cars at the Fiat Chrysler Automobiles car plant in Belgrade’s Kragujevac. Read more.



Hungarian and Croatian minority policies set example for EU, says Foreign Minister. Hungary and Croatia have continued their minority policy based on the principle of protecting ethnic minorities, and they could serve as an example for the whole EU, Hungarian Foreign Minister Péter Szijjártó said on Thursday. Read more.



Bosnia and Herzegovina police relocate illegal migrants. Police transferred the illegal migrants to a reception center in Lipa near Bihać after emptying a camp near the Croatian border in Velika Kladuša, local media said. Read more.



The authorities of Bosnia and Herzegovina suspend the construction of new mini-hydroelectric power stations. The authorities have decided to suspend the issuance of licenses for the construction of small hydroelectric plants following several campaigns launched by national and international environmental groups. Read more.



The speaker of the Macedonian parliament is worried about the number of graves in Ukraine. Speaker of Parliament Talat Xhaferi says he will work to get Macedonian institutions and the public to provide all possible support to the war-torn country, together with the EU and the international community, after visiting the destroyed town of Irpin in Ukraine on Wednesday and the ruins of the airport of Hostelel. Read more.



Montenegro gets a new Speaker of the Assembly, Ministers. The Assembly elected Danijela Đurović on Wednesday, after which the deputies held a debate on the composition of the 43rd government of Montenegro. Read more.



Zelenskyy to address the Albanian parliament. Ukrainian President Volodymyr Zelensky will address the Albanian parliament on Wednesday after addressing numerous European lawmakers. Read more.


  • EU: Visit of the Head of EU Diplomacy in Latin America to Chile and Panama / President of the European Parliament, Roberta Metsola, meets European Data Protection Supervisor, Wojciech Wiewiórowski
  • Germany: Plenary session of the German Bundestag in Berlin.
  • Austria: Budget Commissioner Johannes Hahn meets Austrian Foreign Minister Alexander Schallenberg.
  • France: Final plenary session of the Conference on the Future of Europe in Strasbourg.
  • Latvia: Foreign Ministers of Lithuania, Estonia, Latvia and Poland meet in Riga to discuss cooperation and Ukraine.
  • UK: Sentencing of tennis star Boris Becker, after a guilty verdict on four counts related to his bankruptcy.
  • Bulgaria: Prime Minister Kiril Petkov will visit Romania.
  • Croatia: The Ministry of Regional Development and European Funds organizes a conference on the industrial transition of Croatian regions in Osijek.


[Edited by Sarantis Michalopoulos, Alexandra Brzozowski, Daniel Eck, Benjamin Fox, Alice Taylor, Sofia Stuart Leeson]

Automotive Drive Chain Market Size, Outlook and Forecast Tue, 26 Apr 2022 20:22:18 +0000

New Jersey, United States – the Automotive Drive Chain Market The research report offers complete coverage of the Automotive Transmission Drive Chain Market over the forecast period 2022-2029. It provides historical, current and future market trends to help develop a robust market strategy. Additionally, it provides value chain analysis, key drivers and challenges, and includes upcoming opportunities in the Automotive Drive Chain market that will enable the business success.

The Automotive Drive Chain Market report provides a detailed analysis of global market size, regional and country level market size, segmentation market growth, market share, competitive landscape , sales analysis, impact of domestic and global market players, value chain optimization, trade regulations, recent developments, opportunity analysis, strategic market growth analysis, product launches products, regional market expansion and technological innovations.

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Key Players Mentioned in the Automotive Drive Chain Market Research Report:

BorgWarner Morse Systems (USA), ContiTech North America (USA), ContiTech, CZ as divize Auto (Czech Republic), Daido Sittipol (Thailand), Dayco (USA), Daytec (Brazil), Dimo ​​​​Castings (India), Forbo Siegling (Mexico), Forjanor (Spain), Gaotang Jinxiang Auto Parts (China), Jiaxing Hexin Automotive Parts (China), Kee Fatt Industries (Malaysia), LGBalakrishnan & Bros (India), New Contiland Manufacturing ( China), Renold, Star Transmission (Romania), Suzhou Universal Group (China), Thermoid (USA), TIC ROULUNDS (Italy), Zhoushan Aosheng Auto Transmission Belt Manufacturing (China)

This comprehensive Automotive Drive Chain Market report helps to determine the gaps and issues faced by the dominating or new companies. It also provides information about the potential impact of the existing COVID-19 on the market scenario. Automotive Drive Chain market is split by Type and by Application. For the period 2018-2027, the growth between segments provides accurate calculations and forecasts of sales by type and application in terms of volume and value. This analysis can help you grow your business by targeting qualified niche markets.

Automotive Drive Chain Market Segmentation:

By Product Type, the market is primarily split into:

• Roller chain
• Chain of leaves
• Flat top chain
• Others

By application, this report covers the following segments:

• Particular Cars
• Commercial vehicles

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Scope of the Automotive Drive Chain Market Report

UNITY Value (million USD/billion)
SECTORS COVERED Types, applications, end users, and more.
REPORT COVER Revenue Forecast, Business Ranking, Competitive Landscape, Growth Factors and Trends
BY REGION North America, Europe, Asia-Pacific, Latin America, Middle East and Africa
CUSTOMIZATION SCOPE Free report customization (equivalent to up to 4 analyst business days) with purchase. Added or changed country, region and segment scope.

Geographic segment covered in the report:

The Automotive Drive Chain report provides information about the market, which is sub-divided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country and sub-region over the estimated period.

• North America (USA and Canada)
• Europe (UK, Germany, France and rest of Europe)
• Asia-Pacific (China, Japan, India and the rest of the Asia-Pacific region)
• Latin America (Brazil, Mexico and rest of Latin America)
• Middle East and Africa (GCC and Rest of Middle East and Africa)

Key questions answered in this Automotive Drive Chain Market report

  1. How much revenue will the Automotive Drive Chain Market generate by the end of the forecast period?
  2. Which market segment is expected to have the maximum market share?
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  4. Which regions are currently contributing the maximum share of the global Automotive Transmission Drive Chain market?
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LW Sport Aircraft Market Size, Scope and Forecast Sun, 24 Apr 2022 21:20:14 +0000

New Jersey, United States – the LW Sport Aircraft Market is the ultimate tool to help industries, businesses and organizations make informed decisions for their business growth. With the help of market tactics and strategies covered here, it becomes easy for trading players to maintain their position in the market. Market research plays an important role in gaining a better perspective as well as an understanding of the market scenario and the target market. It also allows participating companies to stay ahead of the competition. It reduces investment risk and helps companies make calculated decisions. It also helps with strategic planning. This market analysis report makes it easy to spot new trends. This LW Sport Aircraft market research report describes various techniques that can be used to identify development trends.

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Key Players Mentioned in the LW Sport Aircraft Market Research Report:

CubCrafters (USA), Flight Design (Germany), Legend Aircraft (USA), Tecnam (Italy), Cessna (USA), Czech Sport Aircraft (Czech Republic), Remos (Germany), Jabiru (Australia) , CGS Aviation (USA), Progressive Aerodyne (USA), Aeroprakt (Ukraine), The Airplane Factory (South Africa), BOT Aircraft (Liechtenstein), Aeroprakt Manufacturing (Poland), Ekolot (Poland), Kitfox Aircraft (USA), LSA America (USA)

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LW Sport Aircraft Market Segmentation:

LW Sport Aircraft Market, By Product

• Others

LW Sport Aircraft Market, By Application

• Sports and hobbies
• Flight training
• Aircraft rental

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Industry challenges claims that waiving intellectual property rights will ensure availability of drugs – Fri, 22 Apr 2022 13:53:15 +0000

the The European Commission is leading discussions on a waiver of intellectual property (IP) rights over COVID vaccines and treatments. However, the reviews of the pharmaceutical industry claim that changes to the current IP system could jeopardize research and development in their sector.

About 18 months ago, India and South Africa have asked the World Trade Organization to waive intellectual property rights for drugs in hopes of contributing to “the prevention, containment and treatment of COVID-19”. So far, there has been no renunciation and the countries remain divided.

The pharmaceutical industry continues to oppose plans to waive intellectual property rights. Kristine Peers, chief legal adviser of the European Federation of Pharmaceutical Industries and Associations (EFPIA), warned that waiving intellectual property rights would have a negative impact on research and development, the backbone of the sector.

Some vaccines might not be developed at all, she said recently round table organized in Prague.

The proposal to waive intellectual property rights is currently being negotiated in the World Trade Negotiations (WTO) by “The Quad” group – India, South Africa, the EU and the United States – which reached the first compromise on a partial waiver which now needs to be reached by consensus among WTO members.

The recently leaked draft compromise text drew criticism from supporters of the waiver, with a call from 308 NGOs, trade unions, academics and experts around the world asking Indian Prime Minister Narendra Modi and South African President Cyril Ramaphosa not to agree on it. .

However, according to EFPIA’s Peers, the vaccines are now available, so there is no need to waive patent rights.

She also argued that intellectual property is not the main source of the problems with low immunization rates in some parts of the world, as it is caused by a lack of health workers or weak distribution channels.

39 billion euros of annual investments

“Intellectual property is a real driver of innovation in medicine. If we didn’t have it, we wouldn’t have pharmaceuticals,” Peers warned.

Similarly, a spokesperson for the European Commission recently told EURACTIV that having an “intellectual property framework that secures the rights of innovators” is crucial because increased production in developing countries requires transfers of know-how and investments from pharmaceutical companies that produce vaccines against covid19.

Intellectual property protection provides a limited period of exclusivity, usually 8 to 10 years, during which the owner of the patents and originator of the idea has the exclusive right to sell the drug or substance. After this period, the “recipe” is available for other manufacturers.

The development of a new drug generally takes 12 to 15 years and costs more than one billion euros. In Europe, the pharmaceutical industry invests 39 billion euros per year in research and development.

A shorter protection period could therefore discourage companies from investing in the long development process, according to the industry.

The fact that pharmaceutical companies derive revenue from the production of drugs for common diseases also means that they can focus on rare diseases and are not bound by the principle of the market, said the Czech Deputy Minister of Health. ‘Industry and Commerce, Silvana Jirotková.

“The state should primarily make life for entrepreneurs as little complicated as possible, and this is also connected with patent protection,” Jirotková said. Its aim should be to simplify the environment and connect different market players, she added.

The patent protection system currently in place in the EU is satisfactory and does not need any changes, agreed Jirotková and other panelists.

Patents guarantee access to know-how and local production

One of the added values ​​of the current system is the ability to maintain the production of medicines locally, explained Deputy Minister of Health Jakub Dvořáček.

According to Dvořáček, Europe’s self-sufficiency is also at stake – compared to the United States, Europe is unable to react flexibly and cope with drug shortages. However, the problem mainly lies in the production and logistics capacities or the availability of pharmaceutical substances, he noted.

“If the system were to change, to erode, to be abolished, then the force that drives technical development in the world would disappear,” said Josef Kratochvíl, president of the Czech Industrial Property Office.

Despite these concerns from the pharmaceutical industry, the signatories of the recent letter to Modi and Ramaphosa say the recent leak presents “the lowest common denominator of European Union opposition to the lifting of intellectual property barriers and the US government’s insistence that it be limited to vaccines and exclude certain countries.

They also claim that it would “inexplicably and unjustifiably erect more barriers to the manufacture of life-saving medical technologies, including adding an impossible requirement to list all vaccine-related patents.”

[Edited by Gerardo Fortuna | Benjamin Fox | Zoran Radosavljevic]