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Share to Twitter Share to Linkedin Ocean Recovery Group has been following the news when it comes to efforts to keep plastic from getting into oceans. They’ve monitored land-based and at-sea projects and associated technologies. And they want to blow that out of the water. Their goal for 2022: keeping 15,000 tons of plastic from getting into the oceans from places like unmanaged landfills in the Dominican Republic. “We’re the new kids on the block, but we’re planning on being the largest very soon,” says Zachary Kirstein, president at Ocean Recovery Group in Deerfield Beach, Florida. And for those in the United States: This isn’t some story about far-away problems. “We did a big cleanup in Miami Beach and found bottles from the Dominican Republic—800 miles away,” Kirstein recalls. Ocean Recovery Group (ORG) started earlier this year and in May became the first U.S.-based ocean bound plastic recycler to receive Zero Plastic Oceans’ … [Read more...] about Ocean Recovery Group Targets 15,000 Tons Of Ocean-Bound Plastic For Recycling

The downtrend in the market is far from over, if technical evidences are considered, and the broader index may decline to a level anywhere between 13,950 and 13,500, says Mazhar Mohammad, Founder and Chief Market Strategist at Chartviewindia. "We are not buyers at these levels but wait for a panic bottom to form around 14,000 levels which should be a good opportunity," he says during an interview with Moneycontrol . But, investors can focus on themes like electric vehicle (EV) ecosystem from Auto space, high beta large-cap private banks space and can start accumulating some of the midcap IT counters which corrected by 40 - 50 percent, he says. Excerpts from the interview: Do you think the Nifty50 has bottomed out after hitting a fresh 52-week low so far as chart patterns and sentiment indicators show? In recent times, more often than not, investors have seen markets staging bigger rallies after slightly bigger corrections or a market crash kind of situation. Hence, it … [Read more...] about Chart patterns hint at more downsides, wait for panic bottom at 14,000 on Nifty, says Mazhar Mohammad of Chartviewindia

Share to Twitter Share to Linkedin When the German government announced in late 2021 its plan to legalize recreational cannabis sales in Germany , experts and cannabis enthusiasts put great expectations on the so-called "traffic light" government's plan to regulate the industry. Although Germany and other European countries focused in recent months on the war in Ukraine following the Russian invasion in February and the resulting efforts to detach themselves from Russian energy dependence, German officials had time to speed up the process of legalizing recreational cannabis . The consultation process Commissioner for Addiction and Drug Issues Burkhard Blienert officially announced on July 13 the kickoff of the first of five expert hearings to prepare for the planned legislative process to legalize recreational cannabis. More than 200 leading German and international experts will exchange their views on the legalization. The planned … [Read more...] about Inside The Process To Legalize Recreational Cannabis In Germany

This article first appeared in The Edge Malaysia Weekly, on June 20, 2022 - June 26, 2022. - A + A DESPITE the reopening of borders since April 1, when Malaysia allowed quarantine-free travel for fully-vaccinated travellers into the country, it will be some time before the hotel industry regains a strong footing following the debilitating lockdowns of 2020 and 2021. In fact, it may well take another year at least before operators can operate at their full capacities at pre-pandemic levels, Malaysian Association of Hotel Owners (MAHO) president Tan Sri Teo Chiang Hong tells The Edge. “Average occupancy rates are an estimated 30% to 50% of pre-pandemic levels,” says Teo, who is owner and director of One World Hotel in Petaling Jaya, Selangor. He notes that resort destinations are seeing full occupancies while city hotels still face low occupancy. As at November 2020, a total of 204 tourism and hotel operators had shut down following the impact of the … [Read more...] about The State of the Nation: Hospitality industry struggling to cope despite borders reopening, brighter prospects

Share to Twitter Share to Linkedin Umbrellas don’t tend to work as well when they are on fire. That’s why SunVilla Corporation is recalling its 10’ Solar LED Market Umbrellas that have been sold exclusively at Costco. According to U.S. Consumer Product Safety Commission (CPSC) , there have been reports of such umbrellas being on fire, but not in a positive, “you’re on fire” type of way. Instead, this has been the burst-into-flames-oh-my-goodness-why-is-the-umbrella-doing-that type of on fire. This recall reportedly encompasses around 400,000 of these umbrellas. They were manufactured in China, imported by SunVilla Corporation, which is based in Chino, California, and sold through Costco both online and at in-person stores from December 2020 through May 2022. Since approximately 33,000 of these umbrellas have been sold in Canada, Health Canada and the Public Health Agency of Canada (PHAC) also issued the following tweet and notice: Why would an … [Read more...] about Over 400,000 Umbrellas Sold At Costco Recalled Due To Fire Risk

Share to Twitter Share to Linkedin Fifty-four staff of Canadian digital agency Northern Commerce will be presented with $3,700 e-bikes at a presentation on Sunday, June 26. Only one of the employees at the London, Ontario, firm has opted instead for a merchant gift card of the same value. The gifting is the idea of Andrew McClenaghan, a senior vice president at Northern Commerce and a former chair of Downtown London, the municipal business body. Northern Commerce is a web development and digital marketing firm founded in 2015. It has 190 staff. The firm acquired McClenaghan's agency Digital Echidna in 2020, with 50 staffers moving across to the larger outfit. Those staff that stayed with the business will be those gifted with the $3,500 electric bikes. The e-bikes — either a HSD P9 electric cargobike or a Vektron Q9 folding e-bike, both Tern pedal-assisted models — are supplied through London Bicycle Cafe . McClenaghan is a new investor in … [Read more...] about Ontario Tech Firm Plans Car Use Reduction By Gifting $3,700 E-Bikes To 54 Staffers

Laure Fillon (Agence France-Presse) (The Jakarta Post) PREMIUM Nairobi   ● Tue, June 28 2022 Delegates from almost 200 nations have made little progress toward hammering out a blueprint for a global pact to protect nature from human activity, after almost a week of difficult talks in Nairobi. The meetings wrapping up on Sunday were aimed at ironing out differences among the United Nations Convention on Biological Diversity's (CBD) 196 members, with barely six months before a crucial COP15 summit in December. The ambitious goal is to draw up a draft text outlining a global framework to "live in harmony with nature" by 2050, with key targets to be met by 2030. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and programs Subscription to our newsletters We accept … [Read more...] about Long road ahead to hammer out UN biodiversity blueprint

- A + A KUALA LUMPUR (June 27): Costlier crude oil along with a stronger US dollar will erode Spritzer's Bhd profit margin, the bottled water producer admitted. "Costlier oil will translate into costlier PET resin, which is the main raw material used in making the [plastic] bottles. "PET resin is normally quoted in US dollar so a stronger US dollar would mean we will have to pay more for our PET resin," a company representative said in a brief email reply to theedgemarkets.com recently, when asked about the impact of surging oil prices on its manufacturing costs. According to the US-based PET Resin Association, PET — which is short for polyethylene terephthalate, the chemical name for polyester — is a clear, strong, and lightweight plastic made from crude oil and ethane extracted from natural gas that is widely used for packaging food and beverages, especially convenience-sized soft drinks, juices and water. Following Russia's incursion into Ukraine, oil prices … [Read more...] about Spritzer admits costlier crude oil, stronger US dollar will erode its profit margin

Share to Twitter Share to Linkedin Topline Leaders of Group of Seven nations on Monday announced a support package for Ukraine, further sanctions against Russia and are reportedly nearing an agreement to set a price cap on Russian oil, a contentious issue as they debate ways to stave Putin’s war chest while mitigating spiraling inflation, soaring energy prices and an impending global food crisis. Key Facts Leaders of the G-7 —a group of the world’s seven largest economies which includes the U.S., the U.K., Canada, France, Germany, Italy and Japan— announced a suite of new measures against Moscow, including imposing higher tariffs on Russian goods, restricting Russian gold exports and imposing new sanctions on officials and organizations supporting the war effort. The group also unveiled a new support package for Ukraine, including the provision of military hardware, using the higher tariffs on Russian goods to help Ukraine and “financial, … [Read more...] about G-7 Leaders Nearing Price Cap On Russian Oil Funding Putin’s War Chest

Health Minister Khairy Jamaluddin (The Edge filepix by Suhaimi Yusuf) - A + A PUTRAJAYA (June 27): The Special Committee to Combat Double Burden of Malnutrition Among Children in Malaysia approved the 2022-2030 National Strategic Plan to Address the Problem of Stunting in Children in its first meeting on Monday (June 27). Health Minister Khairy Jamaluddin said the national strategic plan would be presented to the Cabinet and the Finance Ministry, so that the plan to combat malnutrition in children would be raised as a national agenda for the well-being of the Malaysian Family in the 2023 Budget. "Our target is to ensure that the problem of stunting among children can be reduced to at least eight per cent by 2030," he told a press conference after officiating the #AnakMalaysiaSihat Media Programme here on Monday. The committee comprising personnel from the Health Ministry (MOH), Ministry of Education (MOE), Ministry of Women, Family and Community Development … [Read more...] about Strategic plan to prevent stunting in children approved