Business Domain – 1000 Webu http://1000webu.com/ Fri, 14 Jan 2022 23:31:55 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://1000webu.com/wp-content/uploads/2021/05/default-138x136.png Business Domain – 1000 Webu http://1000webu.com/ 32 32 Times Network Announces 7th Digital India Summit https://1000webu.com/times-network-announces-7th-digital-india-summit/ Fri, 14 Jan 2022 22:30:00 +0000 https://1000webu.com/times-network-announces-7th-digital-india-summit/ New Delhi: Times Network announced the 7th edition of the Digital India Summit (DIS) on Friday. It was conceived with the aim of accelerating India’s digital transformation by defining an action plan for progress. The latest edition is themed “Enabling a Revolution” to facilitate India’s next digital revolution. The summit, held virtually this year, will […]]]>
New Delhi: Times Network announced the 7th edition of the Digital India Summit (DIS) on Friday. It was conceived with the aim of accelerating India’s digital transformation by defining an action plan for progress. The latest edition is themed “Enabling a Revolution” to facilitate India’s next digital revolution.
The summit, held virtually this year, will be a 12-episode series, scheduled to air beginning January 15, 2022, every Saturday at 11:30 a.m. on Times Now, Times Now World, 8:30 p.m. ET Now and on the network’s digital channel . news destination, Timesnownews.com.
The summit will be kicked off with an exclusive interview with Rajeev Chandrasekhar, Minister of State for Electronics and IT, providing insightful insights on how to grow India’s digital economy to $1 trillion and beyond. It will also see the participation of thought leaders, influencers and digital revolutionaries who are at the forefront of India’s digital transformation, including Rajkiran Rai G, MD and CEO, Union Bank of India.
“Our primary goal is a $1 trillion digital economy that includes a number of elements that are in the early stages of work in progress. The Prime Minister has called it the ‘Techade’ and that’s a characterization absolutely correct because over the next 10 years our economy can be dramatically catalyzed by the digital economy,” Chandrasekhar said. “Today when we see startups and young entrepreneurs, you can see that they’re confident in what they’re doing and they’re very confident in the future that they’re going to be a part of and, to me, that’s the biggest thing that’s come out of the pandemic.
MK Anand, MD and CEO of Times Network, said, “The Digital India Summit has been instituted to foster and encourage a digitally empowered India. It is heartening to see that over the past six years, the platform has skillfully helped drive India’s digital journey forward. Driving this vision, the 7th edition of the Digital India Summit is committed to accelerating India’s global dominance in technology and digitalization. I am confident that this leadership platform will build actionable insights and strategies with thought leaders and innovators in the field to achieve the same goal. »
Highlighting key opportunities and challenges across the board, DIS will address a wide range of topics including India’s digital enablement of financial inclusion, the benefit of the new normal, the role of security data and data center over the next decade, healthcare transformation in India through digitalization, etc.
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Kerala’s Senior Rocket Scientist S Somanath Appointed New Head of ISRO https://1000webu.com/keralas-senior-rocket-scientist-s-somanath-appointed-new-head-of-isro/ Thu, 13 Jan 2022 01:56:00 +0000 https://1000webu.com/keralas-senior-rocket-scientist-s-somanath-appointed-new-head-of-isro/ The Cabinet Nominations Committee (ACC) on Wednesday approved the appointment of S Somanath as Secretary of the Space Department and President of ISRO for a combined term of three years from the date of entry into office. function. Somanath, currently director of the Vikram Sarabhai Space Center (VSSC), will succeed K Sivan. “The Cabinet Appointments […]]]>

The Cabinet Nominations Committee (ACC) on Wednesday approved the appointment of S Somanath as Secretary of the Space Department and President of ISRO for a combined term of three years from the date of entry into office. function.

Somanath, currently director of the Vikram Sarabhai Space Center (VSSC), will succeed K Sivan.

“The Cabinet Appointments Committee has approved the appointment of S Somanath, Director of Vikram Sarabhai Space Center (VSSC) as Secretary of the Space Department and Chairman of the Space Commission for a combined term of three years from the date of joining the office, including an extension of term beyond retirement age in the public interest, or until further orders, whichever comes first,” says the press release.

Speaking to ANI, Somanath said, “I am very happy to join the Space Department and Chairman of the Space Commission (ISRO). It is truly an honor.”

Talking about focus areas, he said there are different segments that we need to focus on.

“Areas of focus will be technology, policy, implementation and areas where stakeholders need to be supported. There are different segments that we need to focus on. On the technology side, we are driving various technological disciplines. We need to bring new ways of approaching so that what is available can be put to best use. There are also many new technologies. We need to introduce new approaches; we need to work with various manufacturers capabilities like tech companies,” Somanath said.

“The next important element is a gazebo where all the space can be used more. We have a traditional communication and navigation area, but the application areas are so vast and innovative. A lot of people are coming out with new ideas and approaches. We need to see how these can be bought into space and can create new applications where this traditional process can produce better results. And also look at how new approaches can be bought,” he said.

Somanath said they also need to work with industries to see how the space ecosystem can spread across industries.

“We need to look at how costs can be significantly reduced, because space is a very expensive business,” he added.

He added that it was also a time to discuss business and profits in space.

“Operational economy big enough to be profitable. We’ve never discussed profit or business so far in the country, but it’s time to discuss business in space and then figure out how we can create a commercial enterprise around space technology that will be self-sustaining and profitable for people to come in and invest,” Somanath said.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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The air compressor market will reach $ 22.27 billion by 2028; https://1000webu.com/the-air-compressor-market-will-reach-22-27-billion-by-2028/ Tue, 11 Jan 2022 06:23:58 +0000 https://1000webu.com/the-air-compressor-market-will-reach-22-27-billion-by-2028/ Pune, India, January 11, 2022 (GLOBE NEWSWIRE) – The world Air Compressor Market the size was $ 15.46 billion in 2020. The market is expected to grow by $ 15.88 billion in 2021 to $ 22.27 billion in 2028 at a CAGR of 4.9% over the period 2021-2028. Fortune Business Insights ™ provided this information […]]]>

Pune, India, January 11, 2022 (GLOBE NEWSWIRE) – The world Air Compressor Market the size was $ 15.46 billion in 2020. The market is expected to grow by $ 15.88 billion in 2021 to $ 22.27 billion in 2028 at a CAGR of 4.9% over the period 2021-2028. Fortune Business Insights ™ provided this information in its report titled, “Air Compressor Market, 2021-2028.”

According to our researchers, the substantial demand for the product in the energy and power, manufacturing, and oil and gas industries is expected to increase the rate of market development in various local markets. In addition, crucial market players are producing oil-filled rotary compressors, where the need for a robust compressor is essential.

PDF brochure sample request: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/air-compressor-market-101672

List of key players covered by this market report

  • ELGi Equipments Limited (Coimbatore, India)
  • Atlas Copco AB (Municipality of Nacka, Sweden)
  • Sulzer SA (Winterthur, Switzerland)
  • Hitachi Ltd. (Tokyo, Japan)
  • Ingersoll Rand (North Carolina, USA)
  • Campbell Hausfeld (Ohio, United States)
  • Mitsubishi Heavy Industries Ltd. (Tokyo, Japan)
  • Doosan Infracore Portable Power (North Carolina, USA)
  • Kirloskar Pneumatic Company Limited (Pune, India)
  • Elliott Group Ltd. (Pennsylvania, United States)
  • Siemens AG (Munich, Germany)
  • MAN Energy Solutions (Augsburg, Germany)
  • Bauer AG (Schrobenhausen, Germany)
  • EBARA CORPORATION (Tokyo, Japan)
  • Embraco LLC (Joinville, Brazil)
  • KAESER KOMPRESSOREN (Cobourg, Germany)
  • AREA COOLING SOLUTIONS SA (Barcelona, ​​Spain)
  • BITZER Group (Sindelfingen, Germany)
  • Indo Air (Gujrat, India)
  • Vortex compressor (Ankara, Turkey)
  • Yigitsan Compressor (Istanbul, Turkey)
  • ALMiG Kompressoren GmbH (Köngen, Germany)
  • Chicago Pneumatic Air Compressors (Chicago, USA)
  • Quincy Air Compressors (Alabama, USA)
  • BAC compressors (Tamil Nadu, India)

These players are also involved in the production of oil-free air compressors where a lightweight, economical and low maintenance cost compressor is required. This is therefore expected to strengthen the demand for these compressors throughout the forecast period 2021-2028.

SCOPE AND SEGMENTATION OF THE REPORT:

Cover of the report Details
Forecast period 2021 to 2028
Forecast period 2021 to 2028 CAGR 4.9%
Projection of the value 2028 $ 22.27 billion
Year of reference 2020
Market size in 2020 $ 15.46 billion
Historical data for 2017 to 2019
Number of pages 160
Covered segments Mode of operation, product type, lubrication, application and region
Growth drivers Modern system innovative manufacturing infrastructure to dictate market growth
Requirement of highly durable compressor for drilling procedures to drive market growth
Pitfalls and challenges High installation cost of modern compressors to hamper market growth

Click here to learn about the short and long term impact of COVID-19 on this market.

Please visit: https://www.fortunebusinessinsights.com/industry-reports/air-compressor-market-101672

COVID-19 will hamper prospects for new construction events

The COVID-19 pandemic has severely restricted the economies of established countries as well as emerging countries to a significant level. Strict lockdown procedures enforced by virtually all other governments have closed international borders, several restrictions on the import and export of goods have stunted the growth and operations of the market.

In addition, the turmoil of supply chain processes in the market has further plunged market achievements across the globe.

Cover of the report

The report offers an in-depth study of the Air Compressors market segments and an in-depth analysis of the market overview. An in-depth assessment of current market trends and future opportunities is offered in the report. Moreover, it presents a comprehensive analysis of regional information and how it contributes to the growth of the market. The impacts of COVID-19 have been discussed in the report to help investors and business owners better understand the possible threats present in the market. The report further examines the major players and their prominent strategies to remain in the dominant position.

Segmentation

Based on the mode of operation, the global market is divided into rotary, centrifugal and reciprocating. The rotary segment is expected to become the dominant segment in the global market.

Based on the type of product, the market is categorized into stationary and portable.

In terms of lubrication, the global market is divided into oil filled and oil-free.

Based on the application, the market is further divided into manufacturing, oil and gas, energy and electricity, electronics and semiconductor, healthcare, food and beverage, and others.

Geographically, the global market is categorized as North America, Europe, Asia Pacific, South America, Middle East and Africa.

Talk to the analyst: https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/air-compressor-market-101672

Conductors and constraints

Modern system advanced industrial infrastructure to support market growth

Manufacturers around the world are committed to improving technologically efficient, atomized, and technologically advanced manufacturing services. Producers use high-end compressors which can offer more power output and deliver more products to customers.

In addition, the presentation of high performance portable air compressors should be performed as a transportable device in industrial units. In addition, the application of oil-free and oil-filled compressors section according to the need of industry operations will also offer new growth prospects for the market. This is expected to drive the growth of the air compressors market during the mentioned period.

Regional perspectives

Asia-Pacific will hold the lion’s share

Asia-Pacific held the majority of the air compressor market share and is expected to grow significantly in the market during the mentioned period. The development of the market is mainly due to the increasing automation and atomization of production plants in the emerging countries of this region.

North America held the second largest market share. The growing trend to replace old compressors in production divisions and install contemporary products has increased sales of products incorporating revolutionary technology across North America.

In Europe, the application of European Union regulations regarding the operating capacity of compressors and the rapid development of tuning principles are fueling sales of new products in the market.

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Competitive landscape

Key companies focus on collaborations and joint ventures to gain maximum momentum

Global manufacturers and industrial producers operating in the market focus on developing various product collections incorporating innovative technologies and advanced products to attract customers from various industries to their services and products.

Industry development

January 2021: Sullair, which is a global compressor manufacturer, recently introduced the OFD1550 Tier 3 oil-free portable compressor in its product line.

Contents

  • introduction
    • Definition, by segment
    • Research methodology / approach
    • Types of data products
  • Summary
  • Market dynamics
    • Macro and micro economic indicators
    • Drivers, constraints, opportunities and trends
    • Impact of COVID-19 on the air compressor market
      • Short term impact
      • Long term impact
  • Competition landscape
    • Business strategies adopted by key players
    • Consolidated SWOT analysis of the main players
    • Porter’s Five Forces Analysis
    • Global Air Compressor Market Share Analysis and Matrix, 2020
  • Key market insights and strategic recommendations
  • Key player profiles (would be provided for 10 players only)
  • 6.1. Overview
      • Key management
      • Headquarters etc
    • Offers / business segments
    • Key details (Key details are subject to data availability in the public domain and / or on chargeable databases)
      • Employee size
      • Past and current income
      • Geographic share
      • Share of business segment
    • Recent developments

COT continued….

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IIM Indore placements attract highest package of Rs 49 lakh, average salary increases by 6% https://1000webu.com/iim-indore-placements-attract-highest-package-of-rs-49-lakh-average-salary-increases-by-6/ Sun, 09 Jan 2022 08:47:20 +0000 https://1000webu.com/iim-indore-placements-attract-highest-package-of-rs-49-lakh-average-salary-increases-by-6/ Indore (Madhya Pradesh): Despite the tough times the economy is facing due to Covid-19, the Indian Institute of Management Indore at IIM Indore has successfully completed the final placements of its 572 candidate participants of the Two-Year Flagship Program (PGP) and the 5-year integrated program. in management (IPM). The highest salary offer to a student […]]]>

Indore (Madhya Pradesh): Despite the tough times the economy is facing due to Covid-19, the Indian Institute of Management Indore at IIM Indore has successfully completed the final placements of its 572 candidate participants of the Two-Year Flagship Program (PGP) and the 5-year integrated program. in management (IPM).

The highest salary offer to a student was Rs 49 lakh as the average salary increased by six percent.

In total, over 180 recruiters have offered prestigious positions to IIM Indore’s batch of 2022, including over 30 new recruiters, reaffirming the industry’s confidence in IIM Indore as one of India’s leading business schools. . The average package amounted to Rs 25.01 lakh, with an increase of 6% over the previous year. The top 100 students bagged parcels averaging Rs 37.95 lakh and for the top 200 students the average pay of Rs 32.75 lakh. The institute’s median package also rose 6.6% to a record high of Rs 24.09 lakh.

Professor Himanshu Rai, Director of IIM Indore, said, “The conviction and commitment of the institute has helped the institute to develop in recent years. The exceptional investment campaign we have witnessed this year is the result of our constant efforts and hard work. “

In the consulting space, elite recruiters included Accenture Strategy, Acuvon Consulting, Avalon Consulting, Bain & Company, Boston Consulting Group, Deloitte, Everest Group, Eversana, Ernst & Young, Infosys Management Consulting, KPMG, McKinsey & Company, Michael Page, PriceWaterhouseCoopers, Redseer Consulting, Synergy Consulting, Thoucentric Consulting, Vector Consulting, who recruited 31% of the lot.

The sales and marketing arena has seen an impressive number of new and existing businesses including, but not limited to Aditya Birla Fashion & Retail Limited, Asian Paints, Bajaj Auto, BMW, Cisco, Country Delight, Dabur , Diageo, Grasim Paints, GSK Pharma, Hero MotoCorp, Hexaware, L’Oréal, Marico, More Retail, MX Player, Samsung, Tata Steel, Titan, Whirlpool, Xiaomi.

Recruiters for their coveted roles in finance included Avendus Capital, Bank of America, Barclays, Credit Suisse, CRISIL, DE Shaw, Deutsche Bank, Finezza, Goldman Sachs, HDFC Bank, HSBC, ICICI Bank, Indus Valley Partners, Jana Small Finance Bank, JP Morgan Chase & Company, Lincoln International, Marsh, Morgan Stanley, Nomura, Pashupati Capital, Piramal Group, StateStreet, Yes Bank.

Companies offering IT and data analytics roles included Amazon, American Express, Angel One, Axtria, Capgemini Chrysalis, CarDekho, Cipla, CityMall, Cognizant, EXL, General Electric, Google, Hevo Data, Hindustan Unilever, IBM, IQVIA , Jio Platforms, Joveo, JustDial, MagicBricks, MakeMyTrip, Matrimony, Merilytics, MIQ Digital, NPCI, Optum, Paytm, PharmEasy, PhonePe, Playsimple Games, Shopee, Spinny, Unacademy, Walmart, Wipro, ZebPay.

General management, human resources and operations roles have been extended by reputable companies like ACT Fibernet, Amway, Axis Bank, Baker Hughes, Biocon, BlackBuck, Capgemini ELITE, Garena, Indus Towers, Jindal Steel Works Limited, Kotak Mahindra Bank, L&T, Mahindra, Max Life Insurance, OfBusiness, OYO, Reliance Industries Limited, Salesforce, Tech Mahindra, Times Internet, Udaan.

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Posted on: Sunday January 09, 2022 2:17 PM IST


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Crypto Firm BTCS Soars 41% After Announcing First-Ever Bitcoin Dividend | Currency News | Financial and business news https://1000webu.com/crypto-firm-btcs-soars-41-after-announcing-first-ever-bitcoin-dividend-currency-news-financial-and-business-news/ Wed, 05 Jan 2022 15:27:39 +0000 https://1000webu.com/crypto-firm-btcs-soars-41-after-announcing-first-ever-bitcoin-dividend-currency-news-financial-and-business-news/ Bitcoin Nurphoto / Getty Images Crypto firm BTCS climbed 41% on Wednesday after announcing it would pay a dividend in bitcoin. Dubbed a “bividend,” BTCS plans to pay a dividend of 5 cents to its shareholders in bitcoin if they agree to it. The company said paying a bitcoin dividend would help promote crypto adoption […]]]>
Bitcoin

  • Crypto firm BTCS climbed 41% on Wednesday after announcing it would pay a dividend in bitcoin.
  • Dubbed a “bividend,” BTCS plans to pay a dividend of 5 cents to its shareholders in bitcoin if they agree to it.
  • The company said paying a bitcoin dividend would help promote crypto adoption and strengthen its shareholder base.
  • Sign up for our daily newsletter here, 10 things before the opening bell.

Crypto firm BTCS climbed 41% on Wednesday after he announced his intention to pay a dividend in bitcoin to its shareholders.

The move makes it the first Nasdaq-listed company to pay a bitcoin dividend, which the company calls a “bividend”. BTCS is set to promote cryptocurrency adoption, strengthen its shareholder base, reward shareholders, and tighten its float by temporarily removing shares from its tradable float.

BTCS will pay a dividend of 5 cents per bitcoin share, based on the price of the cryptocurrency on the ex-dividend date of March 16. Investors who wish to receive the dividend in bitcoin must register through its transfer agent, move their shares to its transfer agent, and provide a valid Bitcoin wallet address to receive the dividend.

Shareholders who do not opt ​​and do not take the necessary steps will instead receive the dividend in cash.

Crypto payment has been on BTCS ‘long-term roadmap for years, based on its purchase of the bividend.com domain name in February 2015.

“With BTCS’s stock price at the end of 2021 of $ 3.14 per share, which represents a 12.6% discount on the company’s digital holdings and a cash position of 3. , $ 56 per share, or $ 37.8 million, this is the perfect time to reward our shareholders with a non-repayment of Bividend taxable capital, ”the company said.

The BTCS share price hit a high of $ 4.28 on Wednesday.

BTCS stock chart


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Newton County hits lowest unemployment rate on record https://1000webu.com/newton-county-hits-lowest-unemployment-rate-on-record/ Mon, 03 Jan 2022 16:50:02 +0000 https://1000webu.com/newton-county-hits-lowest-unemployment-rate-on-record/ Newton County’s unemployment rate fell to its lowest level on record in November. The county’s rate of 2.4 percent was lower than the previous low of 2.5 percent recorded at the end of 1998, according to information from the Georgia Department of Labor. In addition, 415 more Newton County residents found work in November compared […]]]>

Newton County’s unemployment rate fell to its lowest level on record in November.

The county’s rate of 2.4 percent was lower than the previous low of 2.5 percent recorded at the end of 1998, according to information from the Georgia Department of Labor.

In addition, 415 more Newton County residents found work in November compared to the previous month, while 250 more residents joined the county’s workforce – including anyone who works or makes themselves available for work, reported the labor department.

“We have fully recovered from this pandemic as far as employed Georgians are concerned,” said Labor Commissioner Mark Butler. “Hard work is always ahead of us as job creation overtakes new workers in the workforce. “

Newton County’s unemployment rate in November 2021 was down 0.3% from October’s 2.7% rate and almost two-thirds lower than the 6.1% recorded in November 2020.

The first claims for unemployment benefits from Newton residents also fell 26%, from 244 in October to 180 in November.

County residents who were employed totaled 52,054 in November, up from 51,639 the previous month; and 1,273 residents were unemployed compared to 1,438 in October.

A total of 53,327 Newton County residents aged 16 and over were in the labor force, up from 53,077 in October.

The previous lowest unemployment rates in Newton County were 2.5% in December 1998 and 2.6% in November 2000. It was also 2.7% on four occasions between 1998 and 2000, according to the labor department records.

Newton County’s unemployment rate was lower than the statewide rate of 2.8%.

However, it was higher than the Metro Atlanta rate of 2.2% in 29 counties. Neighboring counties of Butts, Henry, Jasper, Morgan and Walton had lower unemployment rates in November than Newton, while Rockdale was slightly higher at 2.5%.

The statewide unemployment rate was also another record high last month, and the state’s record labor force is larger than it was before the coronavirus pandemic, a reported the Capitol Beat News Service.

The unemployment rate of 2.8% was well below the national unemployment rate of 4.2%, the Georgia Department of Labor reported. At the same time, more than 5 million Georgians were employed.

Jobs in Georgia increased 13,500 on the month and 4.4% on the year to over 4.6 million. Over the past six months, the number of jobs has increased by 130,600.

Butler said: “We have recovered almost all of the jobs that we lost during the pandemic. However, the number of job seekers is still lower than the pre-pandemic figures, ”he said.

“Creating more jobs becomes very difficult if we cannot fill the vacancies in the 300,000 jobs currently open. That’s a good problem to have and it shows how solid Georgia’s recovery has been, especially compared to other states our size.

The employment sectors with the most job gains during the month included transportation and warehousing, which gained 4,300 jobs; manufacturing of non-durable goods, which increased by 2,300 jobs; and accommodation and food services, which gained 2,200 jobs in November after being decimated during the pandemic.

First statewide jobless claims fell last month from 10,116 to 17,194, a drop of 37% and the first time since November 2019 that early claims have fallen below the 20,000 plateau.

Over 190,000 job vacancies were posted on EmployGeorgia.com, the website of the Department of Labor.

The lowest county unemployment rates in the state were found in Jackson and Oconee counties at 1.4% each. The highest rate was in Clay County in southwest Georgia at 6.4%.

Capitol Beat News Service contributed to the report.


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The iconic NJ Mastoris restaurant has closed https://1000webu.com/the-iconic-nj-mastoris-restaurant-has-closed/ Sat, 01 Jan 2022 23:13:00 +0000 https://1000webu.com/the-iconic-nj-mastoris-restaurant-has-closed/ Mastoris Diner & Restaurant, a renowned and sprawling restaurant, bakery, bar and banquet hall in Burlington County that has drawn patrons from across the state, closed, announced its owners on its website and on Facebook on Saturday. “The decision to close is, in part, due to the impact of the ongoing pandemic on the restaurant […]]]>

Mastoris Diner & Restaurant, a renowned and sprawling restaurant, bakery, bar and banquet hall in Burlington County that has drawn patrons from across the state, closed, announced its owners on its website and on Facebook on Saturday.

“The decision to close is, in part, due to the impact of the ongoing pandemic on the restaurant industry, as well as a strategic decision by investors in view of the future of the bar / restaurant in its location. current, “according to the social media statement.

Revered for its delicious cinnamon cheese rolls that accompanied every meal, Mastori’s was more than a traditional restaurant. For decades, he organized fundraisers and political meetings before a voting session at the Statehouse in Trenton. Located at the junction of routes 130 and 206 in Bordentown, Mastoris was also a popular choice for family events.

NJ Advance Media writer and food columnist Pete Genovese called Mastoris “the largest restaurant in the state” with over 600 seats. “The welcoming aroma of the restaurant’s distinctive cheese bread – served with every meal – hits you when you walk through the door; a bakery stop is a must on the way out, ”Genovese wrote in 2019.

Mary Mastoris, who died in 2020 at the age of 98, opened Mastoris with her husband, Nicholas, in 1961, according to Tapinto, a news site. The Mastoris family sold the business in 2020 to Foggia Restaurant Group, LLC, a group of local investors, although it remained open, according to the announcement.

“We know this will be difficult news for many community members who viewed Mastoris as more than just their local restaurant; it was a place to get together with friends and neighbors, visit your favorite waiter or bartender, share a meal with loved ones, celebrate life’s great moments or take home a cake for a celebration family, ”says the ad. “Like us, we hope that your memories at Mastoris will bring you much comfort in the days to come.”

member of the assembly John Burzichelli, a Burlington County Democrat, described the facility as once “a popular place for fundraising” and “still a place of warm hospitality where you can always count on a hearty breakfast.”

The restaurant industry in general and diners in particular faced a difficult task before the pandemic, said Burzichelli, former mayor of Paulsboro. Breakfast has always been the domain of the restaurant, but now “they rival everything from McDonald’s to Wawa,” he said. “These iconic diners have seen part of the day taken away from them.”

When the coronavirus struck in March 2020, rallies like political fundraisers, lunches with lobbyists and other outings came to a halt, no doubt contributing to the already difficult business environment, Burzichelli said.

“They are a victim of a changing era,” he added.

A message left with the owners was not returned.

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Huawei to see ‘serious challenges’ in 2022 amid tech policy https://1000webu.com/huawei-to-see-serious-challenges-in-2022-amid-tech-policy/ Fri, 31 Dec 2021 06:49:00 +0000 https://1000webu.com/huawei-to-see-serious-challenges-in-2022-amid-tech-policy/ US sanctions have hit Huawei hard, and the company has warned it will face “serious challenges” in 2022 amid the “politicization of technology” and further “de-globalization.” The Chinese conglomerate expects 634 billion yuan ($ 99.45 billion) in revenue in 2021, a decrease of 28.88 from 891.4 billion yuan in 2020. In a New Year’s letter […]]]>

US sanctions have hit Huawei hard, and the company has warned it will face “serious challenges” in 2022 amid the “politicization of technology” and further “de-globalization.”

The Chinese conglomerate expects 634 billion yuan ($ 99.45 billion) in revenue in 2021, a decrease of 28.88 from 891.4 billion yuan in 2020.

In a New Year’s letter to employees, Huawei’s rotating chairman Guo Ping said its carrier business had remained “stable” and its business unit had grown.

“An unpredictable business environment, the politicization of technology and a growing de-globalization movement all present serious challenges,” Ping said.

“In this context, we must stick to our strategy and respond rationally to external forces that are beyond our control,” he added.

US President Joe Biden signed a law in November that banned Chinese tech companies like Huawei and ZTE from obtaining approval for licensing of network equipment in the country.

Last year, the U.S. Federal Communications Commission (FCC) named Huawei and ZTE as national security threats to communications networks, making it difficult for U.S. companies to purchase equipment.

Ping said Huawei will continue to focus on infrastructure and smart devices, and will seek to respond to customer needs faster with shorter “management chains”. This involved creating “integrated teams” and “domain-specific subsidiaries,” ZDNet reports.

He said that in 2022, Huawei would seek to streamline its business decision-making processes by giving more autonomy to local offices.

He added that Huawei would increase its investment in HarmonyOS and EulerOS.

EulerOS is touted as Huawei’s infrastructure platform that supports cloud computing and on-premises services. It works on the Huawei version of the Linux operating system.

HarmonyOS currently supports more than 220 million Huawei devices, and more than 100 million devices developed by third-party vendors currently run on HarmonyOS, according to Huawei.

FCC Commissioner Brendan Carr said, “Once we determine that Huawei or other equipment poses an unacceptable risk to national security, it makes no sense to allow the purchase and inclusion of this same equipment in our communication networks as long as federal dollars are not involved. The presence of these insecure devices in our networks is the threat, not the source of funding used to purchase them ”.

–IANS

nd / dpb

(Only the title and image of this report may have been reworked by Business Standard staff; the rest of the content is automatically generated from a syndicated feed.)

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Neighbors at Social Circle vehicle production site say news has ‘blinded’ them https://1000webu.com/neighbors-at-social-circle-vehicle-production-site-say-news-has-blinded-them/ Wed, 29 Dec 2021 14:41:55 +0000 https://1000webu.com/neighbors-at-social-circle-vehicle-production-site-say-news-has-blinded-them/ SOCIAL CIRCLE, Ga. –A chief industry recruiter on Tuesday sent a direct message to residents hoping they could convince Rivian Automotive not to build a $ 5 billion electric vehicle plant near Social Circle. “This ship has sailed,” said Shane Short, executive director of the Development Authority of Walton County. Short was responding to questions […]]]>

SOCIAL CIRCLE, Ga. –A chief industry recruiter on Tuesday sent a direct message to residents hoping they could convince Rivian Automotive not to build a $ 5 billion electric vehicle plant near Social Circle.

“This ship has sailed,” said Shane Short, executive director of the Development Authority of Walton County.

Short was responding to questions and comments from residents of Walton and Morgan counties living near the site of the planned electric vehicle production and research facility at a Joint Development Authority meeting on Tuesday, December 28 in Georgia BioScience Training Center at Stanton Springs Business Park. .

California-based electric vehicle company Rivian announced on December 16 that it would build its second production plant in the United States on a 2,000-acre site in the Stanton Springs North Business Park, off Exit 101 of the I-20 to US Hwy. 278.

The site lies primarily within the city limits of the Social Circle in the northeast quadrant of the interchange, bordering the Newton County Line and covering the southern tip of Walton County and the westernmost part of Morgan County .

A dozen residents of the area told the Joint Development Authority on Tuesday what they saw as a lack of transparency, as well as their concerns about the impact on the rural nature of the area.

Some residents also said they should consult local and regional media about the potential 7,500-employee project rather than hearing it from area governments or development authorities.

Social Circle resident Christine Wertz said she would never have moved to her Darel Drive home adjacent to the site had she been made aware of Rivian’s plans.

“The lack of transparency is deeply troubling to me and I think of many others,” she said.

James Evans of Social Circle said he was concerned about the impact of the construction on the well water that many area residents depend on.

He also said he was not happy with the timing of Rivian’s announcement as the holidays approach, when residents’ attention may be turned elsewhere.

“It just blinded everyone,” said Evans, who has lived in the area since 2004.

Joellen Artz of Rutledge lives near the site and said she believed Morgan County would lose “hundreds and hundreds of acres of farmland” to the construction of the plant.

She also said Rivian could eventually abandon its plant as have automakers in other states, including Normal, Ill., Where Rivian opened its initial plant in a former Toyota plant.

Short said the Jasper, Morgan, Newton and Walton Counties Joint Development Authority (JDA) plans to hold town halls for residents of the Rutledge area and for those who live on the roads around the site. He planned to advertise them on the JDA website and social media platforms.

He said Rivian had also scheduled a meeting with the residents and working with them to address their concerns.

Short, who is one of two industrial recruiters for the JDA, said Rivian approached Georgia’s Department of Economic Development about the site and state officials handed responsibility for the project to the JDA.

He said potential large employers typically require recruiters and officials to sign nondisclosure agreements legally requiring them not to reveal any information before making the information public.

Development agencies and recruiters want to advertise their successes and do not “intend” to keep such big projects a secret, he said.

“We just couldn’t legally tell you what was going on,” Short said.

Short said companies need the deals for reasons such as withholding competitor information or stock trading issues, he said.

“They control the timing very carefully,” said Short. “There are still things (about Rivian) we can’t talk about.”

However, he added that “the business is coming”.

“You can’t stop this, but they are open to listening to your concerns,” Short said.

Rivian planned to begin site work for the construction of its facility in mid-2022 and begin production by 2024.

Short said the government would not use its eminent domain power to essentially take land.

“Each owner gave us their price,” said Short.

State officials who researched the Kia plant in West Point, Georgia, rightly found that most of its employees would likely choose to live far from the immediate area of ​​the plant site, Short said.

He predicted that the same scenario would repeat itself for the 7,500 workers at the Rivian plant due to the lack of available housing around the site, the lack of infrastructure plans by the governments of the region and the limited possibilities of shopping nearby.

“We had no discussion about the apartments,” said Short, responding to the concerns of another resident.

Local leaders control the course of residential and commercial growth in any region of Georgia, he added.

Rutledge resident Sim Sergiadis predicted that his neighbors would continue to voice their feelings loud and clear in the future about their opposition to the project.

“I sell ropes and torches,” he joked.


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Municipalities ask for exclusive rights to administer, distribute … https://1000webu.com/municipalities-ask-for-exclusive-rights-to-administer-distribute/ Mon, 27 Dec 2021 16:32:17 +0000 https://1000webu.com/municipalities-ask-for-exclusive-rights-to-administer-distribute/ There are eight metropolitan municipalities, 44 district municipalities and 205 local municipalities in South Africa, the whose boundaries stretch wall to wall across South Africa. This means that municipal areas cover the entire landmass of South Africa. If successful, Salga’s lawsuit would require Eskom to obtain authorization and enter into service provision agreements (SDAs) with […]]]>

There are eight metropolitan municipalities, 44 district municipalities and 205 local municipalities in South Africa, the whose boundaries stretch wall to wall across South Africa. This means that municipal areas cover the entire landmass of South Africa.

If successful, Salga’s lawsuit would require Eskom to obtain authorization and enter into service provision agreements (SDAs) with each of the municipalities in which the national electricity company currently owns and operates its electricity transmission and distribution networks. Eskom says he will vigorously defend his rights under the Electricity Regulation Act.

As South Africa’s electric utility, Eskom has obtained transmission and distribution licenses from the National Energy Regulator of South Africa (Nersa) since the regulator’s inception. Eskom supplies electricity directly to approximately 6.9 million customers in South Africa. These include approximately 6.7 million residential customers, 53,000 commercial customers, 3,560 mining and industrial customers, 78,500 agricultural customers and 470 rail customers across the country.

Other organizations also hold distribution licenses from Nersa and are named as defendants, alongside Eskom, in the Salga application to the High Court in Pretoria. These include Sasol, AECI, South Africa National Parks, Mpumalanga Economic Growth Agency, West Rand Power Distributors, Vleesbaai Dienste, Damplaas Kragbron and Ithala SOC .

It is also known that a number of mines located in remote areas of South Africa are powered directly by Eskom for their own use, and that some of these mines also distribute electricity to associated local employees and residential areas. of the mining community.

The ministers of Mineral Resources and Energy, Public Enterprises and Cooperative Governance and Traditional Affairs, and the regulator, Nersa, are also cited as respondents in the Salga request.

Salga’s lawsuit appears to ignore the fact that many municipalities in South Africa are in fact failing to meet their service delivery obligations. Locally, residents are deeply unhappy with the levels of service and the quality of supply in these municipal areas, as evidenced by widespread and ongoing protests and civil unrest.

Many municipalities are in a state of extreme financial distress, with associated failures in municipal administration, billing, revenue collection and asset protection. Domestic and commercial customers supplied by municipal electricity distributors complain of exorbitant mark-ups on electricity purchased from Eskom and large and continuous blackouts due to old and poor municipal electricity distribution infrastructure. maintained.

The financial and administrative weakness of many municipalities in South Africa is such that they are not only unable to properly collect the income of their customers, but they are also unable or unwilling to pay for the electricity they obtain. with Eskom. Currently, municipal debt arrears to Eskom exceed R40 billion, and this amount is steadily increasing at a rate of approximately R8 billion per year.

As a result, Eskom was forced to engage in what is euphemistically known as “burden reduction”. This involves cutting off the electricity supply to the offending municipal areas at certain times of the day, both as a credit control mechanism and to avoid overloading Eskom’s power system by customers who do not pay for electricity. that they use.

All of this massively disrupts the operations of businesses powered by municipal electricity distributors, and results in loss of income, productivity and jobs, as well as an inability to grow and adequately meet the needs of the community. South Africa in terms of economic recovery and growth after the Covid-19 pandemic.

It seems pretty clear that Salga’s candidacy is driven primarily by the ambitions of local government structures to raise the price of electricity across South Africa to the levels charged in municipal electricity tariffs. In addition, municipalities want to be able to apply levies and surcharges on the sale of electricity across South Africa, including direct sales of electricity by Eskom.

Salga recognizes that commercial and industrial customers supplied directly by Eskom obtain electricity at prices significantly lower than those supplied by municipalities. Salga complains that this undercutting of municipal tariffs by Eskom is discriminatory.

“Eskom customers often pay less for electricity than their counterparts who receive electricity from municipalities. The total revenue lost by municipalities in 2019, for example, due to the supply of Eskom within municipalities [area of] jurisdiction, is 162.36 billion rand, ”says Salga.

“What this means commercially is that a company located in an area supplied by Eskom will pay less for electricity than a company located in an area supplied by a municipality. Indeed, the old business will operate with an unfair advantage over the one provided by the municipality, ”continues Salga.

Salga further complains that municipalities lose out by not being able to apply charges and surcharges on sales of electricity by Eskom to its own customers, as do municipalities when supplying electricity to their own customers. . “In 2019, municipalities lost an opportunity to generate nearly R6 billion in surcharges due to direct supply from Eskom,” he said.

Salga also laments the fact that municipalities cannot cut off electricity as a measure of credit control against customers in Eskom’s supply areas who may be behind on their municipal tariffs, water and electricity bills. sanitation. This, according to Salga, results in lower levels of revenue collection by municipalities for these other municipal services and results in a loss of overall municipal revenue.

It would appear, if Salga is to be believed, that the answer to all of this is to require Eskom and all other licensed electricity distributors to come under the executive control of the relevant municipality in which the electricity customers reside.

This would give municipalities the right to require an SDA from all electricity distributors and to charge Eskom and other licensed electricity distributors for the right to operate in municipal areas (i.e. in any South Africa). It would also allow municipalities to apply levies and surcharges on the sale of all electricity in South Africa to finance and subsidize all kinds of municipal costs, activities and services.

Salga indicates that municipal and local government structures have been trying to get Eskom’s agreement since 2013. However, Salga says that the national electricity company “blew hot and cold on the SDA issue with the municipalities” for years and has been recalcitrant. by failing to enter into and enter into ADDs. “Unfortunately, all of these commitments were in vain due to disagreements between those in charge of Salga and Eskom,” says Salga.

Although Eskom, Sasol, AECI and other licensed electricity distributors have indicated their intention to oppose Salga’s request, it appears that to date none have actually submitted their opposition documents. in court, which, according to Salga’s notice of motion, should have been done by mid-October 2021.

In addition, the spokespersons for the Ministers of Minerals and Energy, Public Enterprises and Cooperative Governance and Traditional Affairs, and the regulator, Nersa, all remain “shtum” when asked if, as as named respondents, they will oppose Salga’s candidacy.

This issue is clearly such a hot potato, with massive financial impacts on the South African economy and on large and small electricity customers currently supplied directly by Eskom, that none of the relevant ministries and regulators are prepared to deal with it. apprehend it.

From the extended silence, it seems pretty clear that machinations are now underway behind the scenes and that no one is ready to come out publicly with a statement on the matter, especially to make a decision or allow the court to rule. on the matter by declaratory order.

Perhaps the political solution will be to push the boundaries for ten years or so.

Chris Yelland is Managing Director of EE Business Intelligence.

Copyright 2021 – EE Business Intelligence (Pty) Ltd. All rights reserved. This article may not be published without the written permission of EE Business Intelligence.


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