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Pub opens bakery on-site

first_imgA pub in Berkshire has opened with an on-site coffee shop and bakery, to offer customers fresh food on the go.The Crown & Garter Pub, in Inkpen, will run by baker and pastry chef Robert Rodrigues bake pastries, cakes, breads and breads for sandwiches.The bakery will also be open for breakfast, and will bake fresh pastries and croissants.Breads can be ordered to take home from the pub’s bakery, and it will support the on-site restaurant with breads for dishes.  Loaves are sold at the bakery for between £1- £3.50, and cakes are sold by the slice.The Crown & Garter is owned by cookery write Romilla Arber, under her company, Honesty Group.last_img read more

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How electric vehicles could boost transition to renewables

first_img FacebookTwitterLinkedInEmailPrint分享E&E News:Consumers Energy CEO Patti Poppe has a visual of where electric vehicles fit into the utility’s broader long-range strategy.On a whiteboard, she draws a straight line that gives way to a few big spikes that represent hot summer days when air conditioners are blowing and electricity demand peaks across the utility’s service area, which spans much of Michigan’s Lower Peninsula.“We have this super-duper summer peak, and it’s literally a couple of hours a year,” she said in an interview with E&E News earlier this month. “It doubles our demand. The rest of the time we have almost double the capacity required across the entire grid.”For utility CEOs like Poppe, the goal is to flatten those peaks in demand, or “load,” into rolling hills or, ideally, something closer to a flat line. Their ability to do so has big consequences for pocketbooks and the climate, because fossil fuels supply much of the peak power during those few critical hours.Poppe, who spent 15 years at General Motors before moving to the utility business, sees EVs as an ally in that quest to flatten out electricity demand.Reductions in energy use and programs that compensate customers for reducing energy use at critical times can help the utility build natural gas plants. And demand from EVs during evenings allows the utility to better use existing power plants and transmission lines — assets that customers pay for regardless of how much use they get.The end result can be lower electric rates and a reduction in tailpipe emissions.Michigan regulators in June approved a long-range plan that calls for Consumers Energy to add more than 6 gigawatts of new solar over the next 20 years, including 1.2 GW by 2021, as it continues to phase out coal use (Energywire, June 10).More: How EVs could thwart fossil fuels, boost renewables How electric vehicles could boost transition to renewableslast_img read more

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Siemens Gamesa to build 59MW wind farm in Djibouti

first_imgSiemens Gamesa to build 59MW wind farm in Djibouti FacebookTwitterLinkedInEmailPrint分享Renewables Now:Siemens Gamesa Renewable Energy SA announced today it will build a wind farm in Djibouti, which will bring 59MW to a country that has just over 100MW of installed generation capacity.The project’s lead developer, Africa Finance Corporation (AFC), said separately it is investing USD 63 million (EUR 58m) in the installation alongside Great Horn Investment Holdings, the investment vehicle wholly owned by Djibouti Ports and Free Zones Authority.Siemens Gamesa is to install 17 units of SG 3.4-132 wind turbines at a site spanning 395 hectares (976 acres) in the Ghoubet area near Lake Assal. The company will also provide maintenance services for at least ten years with an option for a renewal.The wind farm is scheduled to commence operations in mid-2021. AFC has secured a 25-year take-or-pay power purchase agreement (PPA) for the wind farm’s output with public utility Electricite de Djibouti.Djibouti, a nation on the Horn of Africa, is home to a population of 958,920, according to the World Bank’s data from 2018. The country has 126MW of total installed capacity, all thermal power, but only 57MW is reliably available, the United States Agency for International Development (USAID) states in its power fact sheet. Furthermore, 110,000 households in Djibouti have no access to electricity.[Sladjana Djunisic]More: Siemens Gamesa to build 59-MW wind farm in Djiboutilast_img read more

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Debit trends, benchmarks, and revenue opportunities

first_img1Buzz Points analytics, 20152Wall Street Journal, “Consumers Say More Rewards Is Their Top Demand From Banks,” 20143EY, “EY Global Consumer Banking Survey,” 2014 26SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Dante Dominick Danté Dominick is an award-winning content and marketing strategist with specialized knowledge for the financial services industry. He has helped over a hundred community financial institutions improve their image, creative … Web: www.buzzpoints.com Details The 2015 Debit Issuer Study is here. The annual report commissioned by PULSE® has been a bellwether for card issuers for the past ten years, providing key measurements, trends, and invaluable insights.This year’s study delivers more qualitative and quantitative data derived from meticulous primary research (conducted by Oliver Wyman). Here we’ll take a look at just a few of the data points, and how they can inform a credit union’s growth strategy when considered with more industry analysis.Numbers geeks…..get ready to have some fun. But if you’re the type to get lost in a narrative of numbers….you can probably just skim the headlines and still get the full picture.Debit Increasingly Integral to DDA Growth, ProfitabilityA good starting point is some baseline metrics, then we’ll dive deeper. Most key performance indicators (KPIs) stayed constant, with a little growth in others. Average transactions per active card per month rose 5% up to 20.2, driving an increase in annual spend per active card from $8,875 to $9,291.Perhaps it’s no surprise that penetration rates are higher among new accounts (83%) than overall (76%). Given that the overall figure includes the new accounts as well, the disparity is even greater than this seems. This makes sense as most issuers now make linking a debit card part of the process to open a checking account, and more new accounts are being opened by younger generations.This gets interesting when attrition is also considered. Overall financial institutions (FIs) are losing accounts as fast as they’re gaining them. But community banks are struggling more than most FIs, losing significantly more than they’re gaining, while credit unions are performing the best. But as the study points out, even for credit unions “It is very difficult to grow when facing the headwind of so much churn.”Average DDA acquisition and attrition ratesDebit Rewards Key to Combatting AttritionPutting a halt to all this churn should be a top priority for long-term profitability. Given the continued rise in debit usage among Americans and importance of the accompanying non-interest income, the debit card is a great place to start.In one measure of nearly a half million cardholders, those enrolled in the rewards program offered by their FI had a 46% lower churn rate than those not enrolled in the rewards program.1 This real-world data echoes the sentiment delivered in consumer surveys. Among the eye-openers, 88% of Americans say rewards are a top priority in choosing where they bank (ranking higher than anywhere/anytime access)2 and 65% are willing to increase their wallet share with an FI that offers rewards.3Looking at the attrition problem from every angle, we see that:Debit rewards are critical to attract new account holders,They’ll lead to greater wallet share (i.e., interchange revenue)Cardholders active in a rewards program have much lower attrition ratesEMV Increasing Expenses and Fraud Loss, Especially on Signature TransactionsEMV is on everyone’s agenda. Literally. With 100% of FIs in the 2015 Debit Issuer Study reporting they have either already begun or plan to begin issuing EMV chip cards.While this isn’t exactly news, the various points of increased costs are to some issuers. Starting with the plastic itself, which comes in at a 100% estimated cost increase per EMV debit card over magnetic-stripe cards.Additionally, financial institution executives echo industry analyst predictions that the EMV rollout will create a significant uptick in fraud loss rates. Irony aside, this needs to be accounted for in projections and growth strategies. Interestingly, the greatest threat of increased fraud – and the accompanying expense – is on signature-based transactions.Citing migration to card-not-present transactions following EMV adoption, nearly half (47%) of issuers expect an increase in fraud loss rate for signature transactions, compared to just 25% expecting an increase in PIN fraud loss rates. This is even more monumental when considering credit unions’ fraud loss rate on signature transactions is already 13X greater than PIN transactions.Issuers’ Expectations for Fraud Over the Next Two YearsDebit Rewards Mitigate Increased EMV CostsMore transactions and larger tickets generated by debit rewards programs yield more revenue, which becomes even more important considering the increased costs of chip cards. In “A New Idea for Stronger, Cost-effective EMV Rollout,” we see how a well-timed rollout can increase enrollment and magnify the revenue impact of a rewards program.An old-school philosophy was to structure such a program toward signature-only transactions. The economics of this hasn’t made sense in years, with signature-only programs underperforming (more on that in “Rewards Come Roaring Back…with a New Twist”). The PIN/signature fraud projections outlined above add more fuel to the more successful strategy of providing rewards on all purchases, PIN and signature.A (Missed?) Opportunity for 2015Tucked away on the last page of data in the 2015 Debit Issuer Study is a look at what banking executives consider to be key challenges and opportunities. Among exempt FIs, 29% view debit card rewards as a key opportunity for 2015.This may seem strong at first, given that it represents nearly a third of all community financial institutions. But considering the insights and impacts of rewards programs outlined in this article – profitability growth, consumer demand, reduced churn, EMV cost mitigation – it seems 71% of community financial institutions are missing this gift horse that’s hiding in plain sight.center_img Unless otherwise noted, all data from “2015 Debit Issuer Study,” commissioned by PULSE.last_img read more

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Hines touches down in Britain

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Gambia announces first coronavirus case

first_img“All passengers who came in the same flight or in contact with the confirmed case will be traced and undergo isolation,” the minister said. Samateh’s announcement came straight on the heels of a televised statement from President Adama Barrow, who announced anti-virus measures on Tuesday before The Gambia had a single confirmed case.The president announced a ban on public gatherings and the closure of schools for three weeks from Wednesday. Travellers from affected countries will also be isolated for two weeks, the president said.  Topics : The Gambia has recorded its first case of coronavirus, the country’s health minister said on Tuesday, after the government also announced measures to contain its spread. In a televised statement, Health Minister Ahmadou Lamin Samateh said officials in the tiny West African state had confirmed an infection in a young woman who had recently travelled from the United Kingdom.She went into self-isolation after feeling feverish, before being confirmed as a positive case.last_img read more

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EU’s ‘moment of truth’ as leaders debate virus rescue

first_imgThe leaders of the European Union held their first face-to-face summit in five months Friday, but the reunion seems unlikely to bridge their divide over a post-virus economic rescue plan.Germany’s Chancellor Angela Merkel turned 66 on the day she and her 26 colleagues returned to Brussels, not to celebrate but to see whether in-person negotiations can answer a 750-billion-euro question.Arriving at the European Council, where the leaders will meet with reduced teams and observe social distancing, France’s President Emmanuel Macron described it as a “moment of truth”. “We are going through an unprecedented crisis, on the health but also the social level. We need much more solidarity and ambition,” he said.Merkel and Macron are backing a recovery package made up of a mixture of loans and grants to member states to revive economies shattered by the virus and preventive lockdowns.”It’s our European project which is in play here,” he said, before meeting the Netherlands’ Prime Minister Mark Rutte — who is holding out against doling out cash without tough conditions.”Solidarity, yes, from countries that can now free up more in their own budgets to fight the crisis, towards countries that can do less,” Rutte said. Topics : Loans or grants?The Netherlands has emerged as the most likely hold out, but Rutte’s position is backed to varying degrees by fellow members of the so-called “Frugal Four” — Sweden, Denmark and Austria.  Michel’s draft plan foresees a recovery package, made up of 250 billion in loans and 500 billion in grants and subsidies that would not have to be repaid by the recipient member states.The Frugals oppose grants, and want any loans to come with conditions attached.        This package is in addition to the planned 1,074-billion-euro seven-year EU budget from 2021 to 2027 that the leaders must also agree in the coming weeks or months.Aside from the governance of the recovery package, the leaders may also clash over efforts to make EU budget support contingent on member states respecting the rule of law.Hungary and Poland, which have been targeted by the European Commission over their alleged drift into authoritarianism, will fight to stop such a rule being written into the budget.  Difficult days “But at the same time, you can also ask those countries to do everything possible to solve this yourselves the next time. And you do this through reforms, in the labor market, in pensions etc.”The EU has been plunged into a historic economic crunch by the coronavirus crisis, and EU officials have drawn up plans for a huge stimulus package to lead their countries out of lockdown.But a determined band of northern capitals, led by the Netherlands, is holding out against handing cash to their southern neighbors without their commitment to reform.Friday’s talks are expected to run into Saturday and perhaps even Sunday, but few here are confident of a breakthrough, despite the tight timetable, so another summit may well follow later this month.”I think we have very hard and difficult two days today and tomorrow,” said Estonian Prime Minister Juri Ratas. Rutte put the chance of success this weekend at less than 50 percent.Summit host Charles Michel, the president of the European Council, has tried to create a sense of momentum after previous coronavirus-era videoconferences served only to underline the leaders’ differences.Michel called it a “difficult negotiation” and “not only a question of money but a question on the future of the European project.”European diplomats said the Netherlands would continue to insist that member states retain the right to veto any joint borrowing by the European Union to finance loans to members.And they want any loans or grants to come with strict conditions attached to ensure that heavily-indebted countries like Spain and Italy carry out reforms, under European Commission oversight.This is furiously opposed by the south. Both Michel and Merkel, whose country has just taken on the rolling six-month presidency of the EU, will struggle to broker any compromise.last_img read more

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Demand for staycations to surge as tourist destinations reopen

first_imgTopics : The pandemic has depressed both the aviation and tourist industries, as people have stayed at home amid the PSBB.The tourism sector is estimated to have lost Rp 85 trillion (US$5.87 billion) in revenue so far this year, according to Indonesian Hotel and Restaurant Association (PHRI) data. Meanwhile, foreign tourist arrivals to Indonesia plummeted 59.96 percent to 3.09 million in the first half of the year, Statistics Indonesia (BPS) reported.The PHRI stated that domestic tourists had made up 96 percent of total visitors since the pandemic began, making it a potential key market for the tourist industry.“People are still avoiding international travel because of the danger of COVID-19 infection, so they opt for local destinations, which in turn can help awaken the tourism sector,” Amanda said.The government recently allowed some tourist destinations to reopen to visitors in its effort to curb further losses in the industry.The Yogyakarta city administration opened some of its tourist sites, such as the Yogyakarta Palace, Malioboro and Sonobudoyo Museum, but only to local residents. Tourists from outside the region have been advised to plan their visits for August barring any further outbreaks.Bali welcomed an estimated 4,000 domestic tourists on July 31, when tourism there first reopened. A representative of the Airport Authority Office Area IV, Puguh Lukito, said Ngurah Rai International Airport served 28 takeoffs and 28 landings on the day.It is planning to open its borders to international tourists on Sept. 11.Amanda explained that people were also seeking outdoor destinations as they wanted to escape their cabin fever.For social distancing reasons, she said that people also preferred “micro tourism”, which refers to traveling alone or with a small group of people, as well as traveling for a shorter period.Online travel agency PegiPegi.com has reported a continuous upward demand for hotel bookings since the Idul Fitri holiday in June. “People’s demand for staycations is also growing, one reason being that they are driven by the relaxation of the PSBB and the opening of several shopping malls, restaurants and tourist destinations,” the company’s corporate communications manager, Busyra Oryza, told The Jakarta Post on Tuesday.PegiPegi.com has been routinely promoting flash sales to attract more travelers, in addition to adding a search filter for “clean and safe stay” to promote lodging that adheres to health and safety measures.Inventure managing partner Yuswohady said on July 30 that recovery in the travel and hospitality sectors would “take a long time” despite higher interest for local tourism.“I think people are still worried because ever since the social distancing relaxations, new COVID-19 clusters have come from crowded places such as wet markets and offices,” he said. “That is why some people are still reluctant to travel locally.” Staycations are expected to see a surge in popularity, following the reopening of some tourist destinations in Indonesia, a research and consultancy firm has stated.Inventure predicted that with the current travel restrictions in place, local travelers would be the segment that boosts the Indonesian tourism sector.“This creates a demand for the hotels that offer amenities for staycations such as restaurants and swimming pools,” Inventure business analyst Amanda Rachmaniar said during a webinar on July 30. “It also creates demand for trips that are accessible by car.”center_img According to Google Trends, searches for “staycation” in Indonesia have been rising since several places began easing their large-scale social restrictions (PSBB) in June.The average search popularity for the keyword in June and July has exceeded December’s average, signaling a higher interest for local vacations compared to year-end holiday trips.last_img read more

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Chelsea’s Rudiger returns ‘home’, makes donation

first_img Rudiger was born to Sierra Leonean parents in Germany and has gone onto play 30 times for them. The 26-year-old made the donation of $101,000 to Sierra Leone’s President Julius Maada Bio at the UK-Africa Investment summit in London. “Sierra Leone is my home. I’m not the talking type of a person, I am about action,” he told the president as he handed over the donation. “You can count on us and do not hesitate. We are here to support your vision and agenda, especially on education.Advertisement Promoted ContentWho Is The Most Powerful Woman On Earth?You’ve Only Seen Such Colorful Hairdos In A Handful Of Anime5 Of The World’s Most Unique Theme ParksThe Best Cars Of All Time9 Facts You Should Know Before Getting A Tattoo6 Interesting Ways To Make Money With A DroneBirds Enjoy Living In A Gallery Space Created For Them8 Superfoods For Growing Hair Back And Stimulating Its GrowthWhy Do So Many Digital Assistants Have Feminine Names & Voices?The Highest Paid Football Players In The World6 Most Handsome Indian ActorsWhat Happens To Your Brain When You Play Too Much Video Games? “I am ready to take on my responsibility to change the narrative and image of Sierra Leone.” The initiative, which was set up by President Maada Bio, aims to support over two million children in primary and secondary schools. “The narrative about Sierra Leone must change and it is the duty of every Sierra Leonean out in the diaspora to come on board with the rebranding process,” the President insisted. Read Also:Mourinho aims dig at Rudiger after Chelsea beat Tottenham He thanked Rudiger for the donation and assured him that the funds would be transparently utilised for the intended purpose, he also welcomed him and his team to audit the proper use of the funds at any time. FacebookTwitterWhatsAppEmail分享 Chelsea and Germany defender, Antonio Rudiger, has said that ‘Sierra Leone is home’ as he made a donation to the country’s Free Quality Education initiative. Loading… last_img read more

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ORVC Weekly Report (November 18-23)

first_imgORVC Weekly Report (November 18-23)Players of the Week.Girls Basketball: Annabelle Williams – Jac-Cen-DelORVC Report(November 18-23)2019Courtesy of ORVC Recorder Travis Calvert.last_img

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