(CTN News) – A record number of cases of Bird flu have been reported in the UK and Europe this summer, with 47.7m birds culled since last autumn. Since last year, poultry producers from Norway’s Svalbard islands to southern Portugal have reported almost 2,500 outbreaks. According to the latest update from the European Centre for Disease Prevention and Control, European Food Safety Authority, and the EU reference laboratory, thousands of outbreaks have been reported in wild birds. Breeding colonies of sea birds on the north Atlantic coast were devastated by the virus. With warmer weather and the end of wild bird migration, Bird flu outbreaks have declined in recent years. However, outbreaks have continued across the UK and elsewhere in Europe this summer, causing fears that highly pathogenic Bird flu variants will now endemic in wild birds. Domesticated bird Flu outbreaks were five times higher from June to September than last year. Experts say that the Bird Flu … [Read more...] about ‘Unprecedented’ Number Of Bird Flu Cases in Europe and UK this Summer
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As Europe scrambles to avoid a disastrous energy crisis this winter, Chinese energy companies are selling excess gas to Europe at a massive profit, The Wall Street Journal reported. The opportunity comes for Chinese companies as reduced economic activity at home has led to lower energy demands, while an impending ban on Russian natural gas imports and the alleged sabotage of the Nord Stream 2 pipeline has left Europe scrambling for a new supply, according to the WSJ. The source of this excess gas is primarily the U.S. — the two countries have several long-term contracts for the sale of natural gas that were implemented during the Trump administration — or Russia , which has ramped up gas shipments to China by 30% in 2022, according to the WSJ. Shipments of liquified natural gas (LNG) from the U.S. are often being redirected from China to Europe, netting as much as $110 to $130 million dollars in some cases for the Chinese companies that were their original buyers, the WSJ … [Read more...] about Here’s How China Is Cashing In On Europe’s Energy Crisis
Share to Twitter Share to Linkedin Our theme of Mid-Cap SaaS stocks has fallen by about 42% year-to-date, underperforming the broader Nasdaq-100, which remains down by roughly 33% over the same period. The initial leg of the sell-off in software stocks was driven by investors adjusting their allocations and valuations of stocks to account for the Federal Reserve’s monetary tightening - the benchmark federal funds rate now stands at over 3%, from just about 0.25% at the beginning of this year. We’ve now reached a point where earnings growth for major software players is beginning to look a bit vulnerable, considering rising inflation, a softening economy, and the easing of the Covid-19 era demand tailwinds for technology products. This is putting further pressure on stock prices within the sector. So what’s the outlook like for the theme? Now, the macro environment remains tough with U.S. GDP contracting over the last two consecutive quarters and the Fed … [Read more...] about Are Mid-Cap Software Stocks Good Value Post The Tech Rout?
Share to Twitter Share to Linkedin Swiss banking giant Credit Suisse is struggling to restructure in the wake of scandals and accusations which include money laundering for the Bulgarian Mafia. Their credit default swaps, which reflect the chance of a company defaulting on their debt, have skyrocketed over the weekend. CEO Ulrich Koerne sent a memo to staff late last week assuring them of the financial stability and capital reserves of the bank, though this has backfired and caused many to question the reasons for the memo. While some are calling this a potential Lehman Brothers moment, so far Credit Suisse looks to be safe from that type of shock collapse. After all the talk about the crashing British pound last week, it seems that the trouble in Europe doesn’t end there. This week there’s been a growing murmur of problems within one of the worlds largest investment banks, Credit Suisse. It has all begun to come to a head with London’s … [Read more...] about Is Credit Suisse Going Bust?
Share to Twitter Share to Linkedin Many people are disappointed they don’t have or ride in a self-driving car yet, expecting it sooner. In part-one of this two part series (with videos) some of the key issues standing in the way were explored. Here in part two, some other issues, many of which are logistic and social, are laid out. Road Citizenship Making vehicles safe, and proving it, is one thing. Another important skill might be called “road citizenship,” namely being a productive driver on the road, not getting in other people’s way, not impeding traffic, not acting unpredictably. In the early days, all robocars tend to be programmed to drive conservatively in order to stay safe. There is almost a dial you can turn between being conservative and safer and being assertive and not slowing traffic. The natural instinct is to turn that dial to “conservative” when you begin, but it can’t stay there forever. You might make a very safe car but it … [Read more...] about Why Don’t You Have A Self-Driving Car Yet? Part Two Outlines Some Social Problems
Share to Twitter Share to Linkedin October is an exciting travel month. Northern destinations show the changing season, with fall colors coming out while warmer climates no longer have sweltering daytime highs. Travel restrictions remain minimal. It is also easier to travel to Canada. However, several threats still exist. United States Travel Restrictions There are no domestic travel restrictions at the moment. But, September was a pivotal month for two primary reasons. Hurricane Damage After a quiet summer in the Atlantic and Caribbean, Hurricanes Fiona and Ian were the first significant events of the 2022 hurricane season . Note that hurricane season officially ends on November 30. These two storms caused extensive damage to Puerto Rico, Florida and various Caribbean islands. While you can travel to hurricane-affected areas, it’s best to check local authorities and lodging providers before booking a fall trip . Potential Railroad … [Read more...] about October 2022 Travel Restrictions Global Update
Vehicles wading through flooded roads after a torrential downpour in Bangkok, Thailand on Oct 3, 2022. - A + A BANGKOK (Oct 4): Thailand is battling the worst flooding in years with a large swathe of its crop land inundated by seasonal storms and swollen rivers, threatening to fuel food prices and hinder a nascent tourism recovery. Popular tourism destinations such as Bangkok and Chiang Mai in the country's northeast have reported flooding of streets this week after heavy rains triggered by typhoon Noru saw water level in the Chao Phraya and Ping rivers rising. An estimated 1.2 million rai (160,000 hectares) of agricultural land was hit by flooding with almost 82,000 houses damaged across 510 districts in 72 provinces, according to official data. With more storms forecast over the next few weeks, Thai officials are taking steps to minimise further damage to crops and houses with Prime Minister Prayuth Chan-Ocha making a trip to flood-hit northeastern provinces … [Read more...] about Worst Thai flooding in years damages crops, risks tourism revival
- A + A SEOUL/SAN FRANCISCO (Oct 4): Samsung Electronics Co announced an aggressive five-year plan to lure US chip buyers with more advanced technology, aiming to produce transistors that are just 1.4 nanometres wide by 2027. The company’s chip contract-manufacturing unit — known as a foundry — is looking to triple its revenue by that year from the 2021 level, executive vice president Moonsoo Kang said at a briefing Monday in San Jose, California. To get there, the business will need to make several technological leaps and further inroads in the US market for outsourced chips. Samsung shares rose 4% in Seoul on Tuesday after falling by almost a third this year with rising costs and a downturn in the memory market. The Suwon-based company is the world’s largest chipmaker by revenue, but its foundry business is playing catch-up with Taiwan Semiconductor Manufacturing Co, which has a commanding lead in the market and top-of-the-line production capabilities. Samsung … [Read more...] about Samsung woos US chip buyers with tech advances, Texas focus
Shell plc chief executive officer Ben van Beurden - A + A LONDON (Oct 4): Governments need to tax energy producers to help the poorest people deal with the soaring cost of fuel, said the boss of Shell plc. "One way or another there needs to be government intervention," Shell chief executive officer Ben van Beurden said at the Energy Intelligence Forum, a major conference for oil and gas producers in London on Tuesday. "Protecting the poorest, that probably may then mean that governments need to tax people in this room to pay for it." Europe Union ministers reached an agreement last week on an initial energy package, setting a goal to reduce power consumption and agreeing to tap windfall profits of companies and redirect them to customers and businesses. The bloc has also discussed capping the price of natural gas and power in a bid to protect consumers. Van Beurden criticised the latter approach, saying that companies like Shell would struggle to bring extra … [Read more...] about Shell CEO says governments need to tax energy firms to help poor
- A + A BERLIN/PARIS/ROME (Oct 4): Two top European Union officials called for the use of common spending to tackle the energy crisis as member states ratcheted up criticism of German plans for a giant borrowing programme to cap power prices. EU internal market chief Thierry Breton and Paolo Gentiloni, the bloc’s economy czar, said the current situation requires solidarity among member states, including the issuance of joint-guaranteed debt similar to what was done during the Covid pandemic. “The energy crisis and rising social anger in a context of record inflation and astronomical gas and electricity prices has brought us to another crossroads,” the two officials said in op-eds published in European newspapers including Germany’s Frankfurter Allgemeine Zeitung . “We must think about mutualised tools at the European level,” they said. “Only a European budgetary response will allow us, by supporting the action of the ECB, to respond effectively to this crisis and … [Read more...] about EU eyes joint debt as German fiscal force worries allies