via arkansasonline08/11/2020

Border curbs in EU stir concern - Arkansas Online

BRUSSELS -- As European countries struggle to manage spikes in coronavirus cases, concern is mounting about a "second wave" of uncoordinated border restrictions within Europe that threatens the free movement of goods and people -- a foundation upon which the world's biggest trading bloc is built.

via finance.yahoo08/10/2020

Vietnamese Tecco Group Joins PHILUX Global Funds to launch Luxembourg-based infrastructure fund for Vietnam - Yahoo Finance

New York, Aug. 10, 2020 (GLOBE NEWSWIRE) -- PHI Group, Inc. (www.phiglobal.com, PHIL), announced today that Vietnam-based Tecco Group (https://teccogroup.vn/) has signed an agreement with PHI Luxembourg Development SA, a subsidiary of PHI Group, to launch “PHILUX Infrastructure Fund,” the first-ever Luxembourg-based infrastructure fund for Vietnam. As one of the fastest growing economies in ASEAN, Vietnam is currently demanding for more foreign financial investment and technical assistance to narrowing its infrastructure gap. According to the Global Infrastructure Outlook, Vietnam requires an investment of US$605 billion to meet 83 per cent of its infrastructure goals by 2040. Among the sectors that have been given utmost priorities are the urban transportation, road & rail and port infrastructure.Currently, just 20 per cent of the country’s national roads are paved, and a recently approved plan to build Vietnam's North-South high-speed railway, which allows passengers to travel between capital Hanoi and Ho Chi Minh City in about eight hours, will cost about 26 billion U.S. dollars.The rising population in major cities in recent years has strained and exceeded capacity of the existing connectivity networks and utilities systems. With 50% of Vietnam’s population expected to be living in cities, Hanoi and Ho Chi Minh are building rapid transit systems exceeding US$22 billion in the hope of reducing private vehicle ownership and improving air quality.Various expressway projects are planned and underway to improve connectivity within major cities. Similarly, development and upgrading of urban utilities infrastructure are announced and there are 44 planed PPP projects with total investment value worth up to US$ 120 billion in the road and power sectors.PHILUX Global Funds SCA, SICAV-RAIF (www.philux.eu), is a Luxembourg-based bank fund with multiple sub-fund compartments for investment in real estate, infrastructure, renewable energy and healthcare as well as the proposed Chu Lai Multiple Commodities Center (CMCC) and the Asia Diamond Exchange (ADE) in the Chu Lai Open Economic Zone, in Quang Nam Province. This will be the first rough diamond exchange in Asia, comparable with diamond exchanges in Antwerp and Dubai.Besides supporting transport infrastructure, Tecco Group expects to utilize the Luxembourg infrastructure fund for a number of port, industrial zone cluster, and airport projects together with modern technologies. Mr. Huyen Duc Vu, Vice Chairman of Tecco Group, commented: “ This is the first time Vietnam has the opportunity to access international capital for infrastructure development through a Luxembourg-based bank fund, which helps respond to the overall social development demand and at the same time elevate the competitiveness of the economy. Representing Tecco Group, I am extremely pleased to cooperate with PHILUX Infrastructure Fund to capitalize on huge potential of the infrastructure construction market in Vietnam.”Mr. Vu added: “ The negative impact from the coronavirus pandemic has exerted a heightened pressure on the Vietnamese government in its efforts to maintain a positive growth economy, especially in the backdrop of decreasing ODA financings, failure or negative consequences of BT, BOT and PPP models, and bottlenecks in public finance funding; therefore, I strongly believe that the launching of an infrastructure fund for Vietnam at this time is very appropriate. I am confident that the cooperation between PHILUX and TECCO will bring about positive beacons for infrastructure investment projects in the near future.”Henry Fahman, Chairman of PHILUX Global Funds SCA, SICAV-RAIF, stated: “We are delighted to cooperate with Tecco Group in launching the first-ever Luxembourg-based PHILUX Infrastructure Fund for Vietnam. We look forward to utilizing our combined experience and international networks to serve the needs of infrastructure development in Vietnam as well as create meaningful economic value for both companies, our shareholders and other stakeholders.”About PHI Group, Inc.PHI Group (www.phiglobal.com, PHIL), primarily focuses on mergers and acquisitions and invests in select industries and special situations that may substantially enhance shareholder value. In addition, the Company’s wholly-owned subsidiary, PHILUX Capital Advisors, Inc. (www.philuxcap.com) provides M&A consulting services and assists companies to go public and access international capital markets while also serving as the investment adviser to Luxembourg-based PHILUX Global Funds (www.philux.eu).About Tecco GroupEstablished on December 17, 2001 with a charter capital of VND 2,000 billion (Two trillion VND), TECCO is a multidisciplinary business operating mainly in the fields of construction investment - housing real estate, resort real estate, quarrying, water exploitation, hydroelectricity and service chains. services such as: travel and tourism services, design consulting, construction, supermarket services, hotels, etc. With 20 years of establishment and development, TECCO Group has 5 affiliated corporations, 36 member units, joint ventures, and has been implementing more than 60 projects across 18 provinces and cities nationwide, from Lao Cai in the North to Kien Giang in the South of Vietnam. The Group is operated by a team of managers including Ph.D.’s, Masters, engineers, and well-trained, professional and experienced staff with modern specialized equipment. TECCO has been investing in many large-scale, high-quality projects all over Vietnam. Website: (https://teccogroup.vn/)Safe Harbor Act and Forward-looking StatementsThis news release contains “forward-looking statements” pursuant to the “safe-harbor” provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may,” “future,” “plan” or “planned,” “will” or “should,” “expected,” “anticipates,” “draft,” “eventually” or “projected,” which are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements as a result of various factors.Contact: PHI Group, Inc. +1-702-475-5430 info@phiglobal.com

via finance.yahoo08/06/2020

Nielsen Company (Luxembourg) S.a.r.l., The -- Moody's announces completion of a periodic review of ratings of Nielsen Holdings plc - Yahoo Finance

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Nielsen Holdings plc and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

via bigrapidsnews08/06/2020

Germany mandates tests for some arrivals as cases increase - The Pioneer

BERLIN (AP) - Germany will require people arriving from countries deemed high risk, such as the United States, to take coronavirus tests starting this weekend, the health minister said Thursday, as the country recorded its highest daily tally of new infections in three months. German officials have voiced alarm over a steady upward creep in the number of new infections over recent weeks. The national disease control center, the Robert Koch Institute, said 1,045 cases were recorded on Wednesday - the first time since May 7 that it has counted more than 1,000 new cases in a day. Daily figures can be volatile or distorted by delays in reporting, and the number is still far short of the peak of more than 6,000 reached in early April. "What we are seeing is a lot of small outbreaks," Health Minister Jens Spahn told reporters. "People are getting infected at family parties, at their place of work or at community facilities." On top of that, school holidays - the dates of which are staggered across Germany's 16 states - are ending in some regions, increasing concerns that vacationers could bring home the virus. Last Saturday, the government started offering free tests for people returning to the country, a move that Spahn said likely contributed to the increase in recorded cases. The rate of travelers testing positive is up to twice as high as the average for tests in Germany, he said. People entering from countries deemed high-risk - currently most of the world outside the Europe Union, as well as Luxembourg, parts of northern Spain and the Belgian city of Antwerp - are already required to quarantine for 14 days unless they can present a negative test result no more than two days old. Spahn said that, starting Saturday, people arriving from those...

via internationallawoffice08/03/2020

Unforeseeability theory developments in aftermath of COVID-19 crisis - International Law Office

To counterbalance the negative economic impact that the COVID-19 lockdown measures have triggered, Luxembourg has introduced several regulatory and legislative measures to limit or at least mitigate the financial difficulties that many businesses may face in order to avoid bankruptcy. This article highlights the unforeseeability theory, which has not been used much in previous case law, but could be useful in the context of the unfolding COVID-19 pandemic.

via forbes08/01/2020

Covid Travel Europe: Here’s Where You Must Show Negative Corona Test - Forbes

The need to show a negative coronavirus test on arriving or returning to European destinations is a growing trend, even sometimes for residents. Particularly as the summer season peaks, and Covid resurges. Sometimes a test is only required coming from hotspot regions within a country.

via lu.usembassy.gov07/31/2020

Ambassador Evans Webinar with AMCHAM Luxembourg - US Embassy in Luxembourg

Ambassador Evans June 22, 2020 Webinar with AMCHAM Luxembourg: Moderator: It is my pleasure, Sir, to introduce you to 130 people who are interested in hearing your vision, and everything that you have to say.  Welcome, and thank you for joining us. Ambassador Evans: Well, Paul first of all let me say thank you to ...

via voanews08/11/2020

Coronavirus Stops-Starts Stretching Europeans' Patience - Voice of America

The 17-second YouTube video mimicking Prime Minister Boris Johnson's ever shifting guidance on the coronavirus pandemic has attracted tens of thousands of views. "So we are saying don't go to work, go to work, don't take public transport, go to work, don't go to work, stay indoors if you can, go to work, don't go to work, go outside, don't go outside," deadpans Matt Lucas, one of the country's best known comics and famous for the BBC comedy series Little Britain. pic.twitter.com/k6Sr4Iac15 — MATT LUCAS (@RealMattLucas) May 10, 2020 For his fans, Lucas' riff perfectly summed up the mounting

via menafn08/08/2020

Coronavirus - Africa: Food and Agriculture Organization of the United Nations (FAO) + Luxembourg Innovative solutions for Zero Hunger - MENAFN.COM

ROME, Italy, August 7, 2020/APO Group/ --

As one of the founding members of the Food and Agriculture Organization of the United Nations (FAO), Luxembourg is a proactive advocate of international development cooperation and has a solid partnership with the Organization in the areas of food security and agricultural development. The fight against poverty a

via sfchronicle08/06/2020

Atento: 2Q Earnings Snapshot - San Francisco Chronicle

LUXEMBOURG (AP) _ Atento SA (ATTO) on Wednesday reported a loss of $18.3 million in its second quarter. The Luxembourg-based company said it had a loss of 26 cents per share. Losses, adjusted for non-recurring costs, were 14 cents per share. The customer relationship management and business process outsourcing services company posted revenue of $314.5 million in the period. Atento shares have fallen 42% since the beginning of the year. The stock has decreased 28% in the last 12 months. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ATTO at https://www.zacks.com/ap/ATTO

via ourmidland08/03/2020

List 4/4 of sports events affected by coronavirus pandemic - Midland Daily News

SOFTBALL Men's World Cup in Auckland, New Zealand from Feb. 20-28, 2021 postponed to Feb. 19-27, 2022. SUMO Spring Basho in Osaka from March 8-22, no spectators. Summer Basho in Tokyo from May 10-24 postponed to May 24-June 7, canceled. Nagoya Basho from July 5-19 moved to Tokyo from July 19-Aug. 2. SURFING World Surfing Games in El Salvador from May 9-17 postponed to June 6-14 postponed to May 8-16, 2021. TABLE TENNIS World team championships in Busan, South Korea from March 22-29 postponed to June 21-28 postponed to Sept. 27-Oct. 4 postponed to Feb. 28-March 7, 2021. World championships in Houston from June 17-26, 2021 postponed. Asian Cup in Hainan, China from Feb. 28-March 1 postponed. Polish Open in Gliwice from March 11-15, from March 13, Day 3 of 5, suspended. Italian Open in Riccione from April 1-5 postponed. Caribbean championships in Havana from April 3-8 suspended. Asian Olympic qualifying tournament in Bangkok from April 6-12 postponed to 2021. European Olympic qualifying tournament in Moscow from April 8-12 postponed to 2021. Latin American Olympic qualifying tournament in Rosario, Argentina from April 15-19 postponed to 2021. Oceania Olympic qualifying tournament in Brisbane, Australia from April 19-20 postponed to 2021. Japan Open in Kitakyushu on April 21-26 canceled. Slovenia Open in Otocec from April 22-26 postponed. Hong Kong Open from May 5-10 postponed. South American championships in Cucuta, Colombia from May 6-10 suspended. Central American championships in San Jose, Costa Rica from May 12-16 suspended. China Open in Shenzhen from May 12-17 postponed. South Korea Open in Busan on June 16-21 suspended. Australian Open in Geelong on June 23-28...

via finance.yahoo08/03/2020

Travelport Finance (Luxembourg) S.a.r.l. -- Moody's announces completion of a periodic review of ratings of Toro Private Holdings II, Limited - Yahoo Finance

Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Toro Private Holdings II, Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. Since 1 January 2019, Moody's practice has been to issue a press release following each periodic review to announce its completion.

via news.yahoo08/01/2020

Russia to partially resume flights to Geneva from August 15 - Yahoo News

Flights from Moscow to Geneva will resume from Aug. 15 for passengers with residence permits in Switzerland, the TASS news agency reported on Saturday, citing the Swiss embassy in Moscow. It said travellers from Russia will have to observe a 10-day quarantine on arrival, according to the news agency

via nation.cymru07/31/2020

News in brief: Visitors 'welcome' to Wales despite Covid-19 concerns - Nation.Cymru

First Minister Mark Drakeford has stressed that people from outside Wales are “welcome” into the country during the summer holidays, despite growing concerns over Covid-19 infections increasing in parts of England and across Europe. On Friday, the Scottish Government advised people in the north west of England affected by changes […]

via cnbcafrica08/07/2020

Coronavirus - Africa: Food and Agriculture Organization of the United Nations (FAO) + Luxembourg Innovative solutions for Zero Hunger - CNBCAfrica.com

Download logoAs one of the founding members of the Food and Agriculture Organization of the United Nations (FAO), Luxembourg is a proactive advocate of international development cooperation and has a solid partnership with the Organization in the areas of food security and agricultural development. The fight against poverty and ultimately its eradication within sustainable development is at the basis of the country’s development cooperation policy. Download Report: https://bit.ly/30zotC

via fairfieldcitizenonline08/06/2020

Germany orders tests for all travelers from 'risk areas' - Fairfield Citizen

BERLIN (AP) - Germany will require people arriving from countries considered high-risk to take coronavirus tests starting this weekend, the health minister said Thursday, as the country recorded its highest daily tally of new infections in three months. German officials have voiced alarm over a steady upward creep in the number of new infections over recent weeks. The national disease control center, the Robert Koch Institute, said 1,045 cases were recorded on Wednesday - the first time since May 7 that it has counted more than 1,000 cases in a day. Daily figures can be volatile or distorted by delays in reporting, and the number is still far short of the peak of more than 6,000 reached in early April. "What we are seeing is a lot of small outbreaks," Health Minister Jens Spahn told reporters. "People are getting infected at family parties, at their place of work or at community facilities." On top of that, school holidays - the dates of which are staggered across Germany's 16 states - are ending in some regions, increasing concerns that vacationers could bring home the virus. Last Saturday, the government started offering free tests for people returning to the country. People entering from countries deemed high-risk - currently most of the world outside Europe, as well as Luxembourg and parts of northern Spain - are required to quarantine for 14 days unless they can present a negative test result no more than two days old. Spahn said that, starting Saturday, people arriving from those countries will be required to take a test unless they bring a new test result with them. "I am very well aware that this impinges on individual freedoms, but I believe that this is a justifiable intervention," Spahn said. The minister dismissed arguments by some...

via schengenvisainfo08/04/2020

Lithuania Introduces Compulsory Quarantine for Arrivals From France and Malta - SchengenVisaInfo.com

All persons arriving in Lithuania from France and Malta are required to undergo two-weeks of mandatory quarantine, from Monday, as both countries have been added to the “blacklist” due to a surge in the number of Coronavirus cases, Lithuania’s Ministry of Health announced. Internationals from France are still permitted to enter Lithuania but must follow […]

via houstonchronicle08/03/2020

List 4/4 of sports events affected by coronavirus pandemic - Houston Chronicle

SOFTBALL Men’s World Cup in Auckland, New Zealand from Feb. 20-28, 2021 postponed to Feb. 19-27, 2022. SUMO Spring Basho in Osaka from March 8-22, no spectators. Summer Basho in Tokyo from May 10-24 postponed to May 24-June 7, canceled. Nagoya Basho from July 5-19 moved to Tokyo from July 19-Aug. 2. SURFING World Surfing Games in El Salvador from May 9-17 postponed to June 6–14 postponed to May 8-16, 2021. TABLE TENNIS World team championships in Busan, South Korea from March 22-29 postponed to June 21-28 postponed to Sept. 27-Oct. 4 postponed to Feb. 28-March 7, 2021. World championships in Houston from June 17-26, 2021 postponed. Asian Cup in Hainan, China from Feb. 28-March 1 postponed. Polish Open in Gliwice from March 11-15, from March 13, Day 3 of 5, suspended. Italian Open in Riccione from April 1-5 postponed. Caribbean championships in Havana from April 3-8 suspended. Asian Olympic qualifying tournament in Bangkok from April 6-12 postponed to 2021. European Olympic qualifying tournament in Moscow from April 8-12 postponed to 2021. Latin American Olympic qualifying tournament in Rosario, Argentina from April 15-19 postponed to 2021. Oceania Olympic qualifying tournament in Brisbane, Australia from April 19-20 postponed to 2021. Japan Open in Kitakyushu on April 21-26 canceled. Slovenia Open in Otocec from April 22-26 postponed. Hong Kong Open from May 5-10 postponed. South American championships in Cucuta, Colombia from May 6-10 suspended. Central American championships in San Jose, Costa Rica from May 12-16 suspended. China Open in Shenzhen from May 12-17 postponed. South Korea Open in Busan on June 16-21 suspended. Australian Open in Geelong on June 23-28...

via researchnewspaper08/03/2020

COVID-19 impact on Global Deformed Rebar Market 2020 By Segment Forecasts 2025 | ArcelorMittal (Luxembourg), Gerdau SA (Brazil), Nippon Steel & Sumitomo Metal Corporation (Japan), Posco SS-Vina, etc - Research Newspaper

“ This report also covers the impact of COVID-19 on the global market. The pandemic caused by Coronavirus (COVID-19) has affected every aspect of life globally, including the business sector. This has brought along several changes in market conditions. Overview Of Deformed Rebar Market 2020-2025: A new report titled, “Global Deformed Rebar Market” has been […]

via marketresearchposts08/01/2020

Impact of Covid-19 on Wood (Core materials) Market 2020-2026 | Diab Group (Sweden), Hexcel Corporation (US), 3A Composites (Switzerland), Euro-Composites(Luxembourg) - Market Research Posts

The Global Wood (Core materials) Market The global Wood (Core materials) market 2020 mainly focuses on the market trend, market share, size and forecast. It is a brief and professional analysis on the current scenario of the Global Wood (Core materials) market. The report on Wood (Core materials) market is a comprehensive study on global […]