Intesa Sanpaolo: fourth Energy Report presented at EU Parliament

BRUSSELS, Dec. 02, 2022 (GLOBE NEWSWIRE) — The fourth ‘MED & Italian Energy Report’ was presented yesterday, December 1, at the European Parliament. This year’s report is entitled ‘Alternative fuels: a strategic option for the Euro-Mediterranean area?’ and is the result of a joint effort by SRM (a research centre linked to the Intesa Sanpaolo Group) and the ESL@Energy Center of the Politecnico di Torino, in collaboration with the Matching Energies Foundation. The event was sponsored by MEPs Tiziana Beghin, Patrizia Toia and Marco Zanni, and was organised with the help of Intesa Sanpaolo’s European Regulatory and Public Affairs Office based in Brussels. The report, in line with previous issues, aims to assess and understand the current energy situation and future prospects in the Mediterranean region, focusing this year on alternative fuels (both biofuels and synthetics), which fit well with a circular economy approach and could be instrumental in supporting decarbonisation, particularly in maritime transport. As a matter of fact, alternative fuels could play a significant role in accompanying the ‘green’ transition process and supporting a decrease in energy dependence, while also strengthening Euro-Mediterranean integration.

After introductory speeches by the three MEPs and the Head of European Regulatory and Public Affairs at Intesa Sanpaolo, Francesca Passamonti, the 2022 Report was presented by Massimo Deandreis, General Manager of SRM, and Ettore Bompard, Director of the ESL@ Energy Center, Politecnico di Torino. The report findings were discussed among the speakers: representatives of Italian and European institutions, international trade associations, the energy industry and energy-related infrastructures. The Chairman of Compagnia di San Paolo and ACRI, Francesco Profumo, gave the closing remarks.

For more information:

LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

GlobeNewswire Distribution ID 8707603

Prince William, Like His Father, Prioritizes the Environment

Britain’s Prince William capped a three-day visit to Boston by meeting with U.S. President Joe Biden on Friday, ahead of announcing his Earthshot Prize environmental award winners at a gala event.

The Prince of Wales shook hands with Biden and spoke quietly in the winter cold near the water outside of the John F. Kennedy Memorial Library and Museum. He also met Caroline Kennedy, the late president’s daughter, and told her that the stories of the Earthshot Prize winners were an inspiration.

William once again paid homage to President Kennedy, “the man who inspired our mission,” and said the “game-changing” solutions were being offered to protect the planet.

Kennedy’s legacy loomed large during the visit by William and his wife, Kate. William named his environmental award the Earthshot Prize, drawing inspiration from Kennedy’s moonshot speech that mobilized the nation in 1962 by declaring astronauts would set foot on the moon before decade’s end.

William became heir apparent less than three months ago with his grandmother’s death, but he was already crowned Britain’s chief environmentalist.

During his visit to Boston, William drew praise for his drawing attention to pollution and climate change and the need to scale up solutions to address them. Those efforts were culminating Friday evening, when the five winners of the royal couple’s Earthshot Prize for environmental innovators were to be announced.

“I just appreciate that they are using platform and publicity to bring attention to meaningful climate work,” said Joe Christo, who is managing director of Stone Living Lab, which researches nature-based approaches to climate adaptation, and was among those who met the royal couple at Boston Harbor on Thursday.

“I do know his dad is a big environmentalist,” he said. “He seems to be doing a great job continuing that legacy.”

The Earthshot Prize offers 1 million pounds ($1.2 million) in prize money to each of the winners of five separate categories: nature protection, clean air, ocean revival, waste elimination, and climate change. The winners and all 15 finalists also receive help in expanding their projects to meet global demand.

The winners were to be announced at Boston’s MGM Music Hall as part of a glitzy show headlined by Billie Eilish, Annie Lennox, Ellie Goulding, and Chloe x Halle. The show will also feature videos narrated by naturalist David Attenborough and actor Cate Blanchett.

William is following in the footsteps of his environmentally minded grandfather Prince Philip — the late husband of Queen Elizabeth II — and more recently his father and Elizabeth’s successor, King Charles III.

In his capacity as prince, Charles was for decades one of Britain’s most prominent environmental voices, blasting the ills of pollution. Last year, he stood before world leaders at a U.N. climate conference in Scotland and suggested the threats posed by climate change and biodiversity loss were no different than those posed by the coronavirus pandemic.

But now that he is king, Charles is expected to be more careful with his words and must stay out of politics and government policy, in accordance with the traditions of Britain’s constitutional monarchy. This year, he did not attend the U.N. climate conference in Egypt.

The caution presents an opportunity for William to step into that role as the royal family’s environmental advocate and speak more forcefully about the issues once associated with his father.

There is no better example than the Earthshot Prize.

“It’s a huge deal to Prince William,” Joe Little, the managing editor of Majesty Magazine. “He knows he can attract attention from the most important people. That really is the core of the Boston trip.”

After attending a welcome event Wednesday at City Hall and then a Boston Celtics game, the royal couple spent much of Thursday hearing about the threats of climate change and solutions in the works.

They got a firsthand look at some innovations at a green technology startup incubator called Greentown Labs, in Somerville. Among them were solar-powered autonomous boats and low-carbon cement.

“Climate change is a global problem, so it’s so important to have global leaders talking about the importance of taking action,” said Lara Cottingham, vice president of strategy policy and climate impact for Greentown Labs.

William and Kate also chatted with Katherine Dafforn, co-founder of Living Seawalls, an Australian company that designs environmentally friendly ocean infrastructure. “For all of us, time is ticking,” William said.

The couple’s first trip to the U.S. since 2014 is part of the royal family’s efforts to change its international image. After Elizabeth’s death, Charles has made clear that his will be a slimmed-down monarchy, with less pomp and ceremony than its predecessors. William and Kate arrived in Boston on a commercial British Airways flight.

 

 

Source: Voice of America

Prayers? Bombs? Hawaii History Shows Stopping Lava Not Easy

 

Prayer. Bombs. Walls. Over the decades, people have tried all of them to stanch the flow of lava from Hawaii’s volcanoes as it lumbered toward roads, homes and infrastructure.

Now Mauna Loa — the world’s largest active volcano — is erupting again, and lava is slowly approaching a major thoroughfare connecting the Big Island’s east and west sides. And once more, people are asking if anything can be done to stop or divert the flow.

“It comes up every time there’s an eruption and there’s lava heading towards habited areas or highways,” said Scott Rowland, a geologist at the University of Hawaii. “Some people say, ‘Build a wall’ or ‘Board up,’ and other people say, ‘No, don’t!”

Humans have rarely had much success stopping lava and, despite the world’s technological advances, doing so is still difficult and dependent on the force of the flow and the terrain. But many in Hawaii also question the wisdom of interfering with nature and Pele, the Hawaiian deity of volcanoes and fire.

Prayers to Pele

Attempts to divert lava have a long history in Hawaii.

In 1881, the governor of Hawaii Island declared a day of prayer to stop lava from Mauna Loa as it headed for Hilo. The lava kept coming.

According to the U.S. Geological Survey, Princess Regent Lili’uokalani and her department heads went to Hilo and considered ways to save the town. They developed plans to build barriers to divert the flow and place dynamite along a lava tube to drain the molten rock supply.

Princess Ruth Ke’elikōlani approached the flow, offered brandy and red scarves and chanted, asking Pele to stop the flow and go home. The flow stopped before the barriers were built.

More than 50 years later, Thomas A. Jaggar, the founder of the Hawaiian Volcano Observatory, asked U.S. Army Air Services to send planes to bomb a Mauna Loa vent to disrupt lava channels.

Lt. Col. George S. Patton, who later became famous as a general in Europe during World War II, directed planes to drop 20 272-kilogram demolition bombs, according to a National Park Service account of the campaign. The bombs each had 161 kilograms of TNT. The planes also dropped 20 smaller bombs that only had black powder charge.

Jagger said the bombing helped to “hasten the end of the flow,” but Howard Stearns, a U.S. Geological Survey geologist onboard the last bombing run, was doubtful. In his 1983 autobiography, he wrote: “I am sure it was a coincidence.”

According to the park service, geologists today also are doubtful the bombing stopped the lava flow, which didn’t end with the bombing. Instead, the flows waned over the next few days and didn’t change paths.

Local advises to go with the flow

Rowland said authorities could use a bulldozer to pile a big berm of broken rock in front of Daniel K. Inouye Highway. If the terrain is flat, then lava would pile up behind the wall. But the lava may flow over it, like it did when something similar was attempted in Kapoho town in 1960.

Rapidly moving lava flows, like those from Kilauea volcano in 2018, would be more difficult to stop, he said.

“It would have been really hard to build the walls fast enough for them. And they were heading towards groups of homes. And so you would perhaps be sacrificing some homes for others, which would just be a legal mess,” he said.

He said he believes most people in Hawaii wouldn’t want to build a wall to protect the highway because it would “mess with Pele.”

If lava crosses the highway, Rowland said officials could rebuild that section of the road like they did in 2018 when different routes were covered. There are no current plans to try to divert the flow, a county official said.

Thinking you should physically divert lava is a Western idea rooted in the notion that humans have to control everything, said Kealoha Pisciotta, a Native Hawaiian cultural practitioner. She said people need to adjust to the lava, not the other way around.

 

 

Source: Voice of America

Azerbaijani currency rates for December 2

BAKU, Azerbaijan, December 2. The official exchange rate of the US dollar and euro against Azerbaijani manat as of December 2, 2022, is set at 1.7 and 1.7888 manat, respectively, Trend reports via Central Bank of Azerbaijan (CBA).

The manat rate to other global currencies for Friday according to the CBA:

Currencies
1 US dollar USD 1,7
1 Euro EUR 1,7888
1 Australian dollar AUD 1,1581
1 Argentine peso ARS 0,0101
1 Belarus ruble BYN 0,6731
1 Brazil real BRL 0,3274
1 UAE dirham AED 0,4628
1 South African rand ZAR 0,0968
100 South Korean won KRW 0,1307
1 Czech koruna CZK 0,0734
1 Chilean peso CLP 0,193
1 Chinese yuan CNY 0,241
1 Danish krone DKK 0,2405
1 Georgian lari GEL 0,6286
1 Hong Kong dollar HKD 0,2184
1 Indian rupee INR 0,0209
1 British pound GBP 2,0818
100 Indonesian rupiah IDR 0,011
100 Iranian rials IRR 0,004
1 Swedish krona SEK 0,165
1 Swiss franc CHF 1,8132
1 Israeli shekel ILS 0,5009
1 Canadian dollar CAD 1,2651
1 Kuwaiti dinar KWD 5,5425
1 Kazakh tenge KZT 0,0036
1 Kyrgyz som KGS 0,0201
100 Lebanese pound LBP 0,1121
1 Malaysian ringgit MYR 0,3866
1 Mexican peso MXN 0,0888
1 Moldovan leu MDL 0,0871
1 Egyptian pound EGP 0,0692
1 Norwegian krone NOK 0,1748
100 Uzbek soum UZS 0,0151
1 Polish zloty PLN 0,3815
1 Russian ruble RUB 0,0274
1 Singapore dollar SGD 1,2567
1 Saudi riyal SAR 0,4523
1 SDR (Special Drawing Rights of IMF) XDR 2,2455
1 Turkish lira TRY 0,0912
1 Taiwan dollar TWD 0,0556
1 Tajik somoni TJS 0,1678
1 New Turkmen manat TMT 0,4857
1 Ukrainian hryvnia UAH 0,046
100 Japanese yen JPY 1,258
1 New Zealand dollar NZD 1,0845

 

 

Source: TREND News Agency

Colliers completes acquisition of Pangea

TORONTO, Dec. 02, 2022 (GLOBE NEWSWIRE) — Leading diversified professional services and investment management firm Colliers (NASDAQ and TSX: CIGI) has completed its previously announced acquisition of a controlling interest in Pangea Property Partners (“Pangea”), a leading capital markets advisor in Sweden and Norway. Pangea becomes Colliers’ new company-owned operation in Norway and will merge with Colliers’ existing company-owned operations in Sweden. This transaction firmly positions Colliers as the dominant player in the Nordic region, building on our top-tier operations in Denmark and Finland.

About Colliers

Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 63 countries, our 18,000 enterprising professionals work collaboratively to provide expert real estate and investment advice to clients. For more than 27 years, our experienced leadership with significant inside ownership has delivered compound annual investment returns of approximately 20% for shareholders. With annual revenues of $4.6 billion and $92 billion of assets under management, Colliers maximizes the potential of property and real assets to accelerate the success of our clients, our investors, and our people. Learn more at corporate.colliers.com, Twitter @Colliers or LinkedIn.

Colliers Contacts:

Christian Mayer
Chief Financial Officer | Global
(416) 960-9500

Davoud Amel-Azizpour
Chief Executive Officer | EMEA
(44) 20 7487 7020

GlobeNewswire Distribution ID 8706500

Leonardo event in Brussels on the role of European Defence between innovation and sustainability

BRUSSELS, Belgium, Dec. 02, 2022 (GLOBE NEWSWIRE) — The annual Leonardo’s appointment in Brussels is renewed, with the top management of the aerospace industry giant and of the European institutions gathered in the historic Solvay Library. The event, dedicated to the theme “The path towards European Defence between global challenges and technological sovereignty,” was attended by the CEO of Leonardo, Alessandro Profumo, the European Commissioner for Economy, Paolo Gentiloni, while the President of the European Parliament, Roberta Metsola, sent a video message. Among the guests were many personalities from the political, business, and diplomatic worlds. “Innovation and sustainability are two sides of the same coin. Innovating is essential to be sustainable over time, having sustainability as a fundamental element of one’s strategy to be successful and having the ability to attract the best people who allow us to always be innovative,” stated the CEO of Leonardo before the beginning of the event. “Every euro that is put into the defence sector generates 1.4 euros of economic benefits in other activities, what we call extended benefits. We generate almost 3.6 jobs between direct and induced jobs, we are an important reality for Europe,” he added. Among the speakers also Bastian Giegerich, Director of Defence and Military Analysis, at The International Institute for Strategic Studies (IISS) in London, took the floor. “European defence needs to be rooted in European defence industrial competence and a resilient supply chain to enable a degree of European sovereign capability,” he said. “Defence industry is a strategic asset for Europeans: a capable defence industrial base contributes to national security and prosperity in form of jobs and skills, and can be a breeding ground for innovation and technological progress.” The event concluded a day of appointments opened by the presentation of the report on ‘The economic impact of the European aerospace and defence industry,’ by the European Association of Aerospace, Security and Defence Industries (ASD), chaired by Mr. Profumo. “If the GDP contribution of the European Aerospace and defence industry was a country in its own right – the report has shown – it would position the sector at the median GDP level among EU countries, with a GDP larger than the economies of 14 countries within the reference region.”

For more information:

LaPresse SpA Communication and Press Office Director
Barbara Sanicola barbara.sanicola@lapresse.it

A video accompanying this release is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/68a1675a-d8af-4532-8be7-988e2d523a03

GlobeNewswire Distribution ID 8707353

Constellation Brands to Report Third Quarter Fiscal 2023 Financial Results; Host Conference Call January 5, 2023

VICTOR, N.Y., Dec. 01, 2022 (GLOBE NEWSWIRE) — Constellation Brands, Inc. (NYSE: STZ), a leading beverage alcohol company, announced today it will report financial results for its third quarter ended November 30, 2022, on Thursday, January 5, 2023, before the open of the U.S. markets. A conference call to discuss the financial results and outlook will be hosted by President and Chief Executive Officer, Bill Newlands, and Executive Vice President and Chief Financial Officer, Garth Hankinson, at 10:30 a.m. ET, January 5, 2023.

The conference call can be accessed by dialing +1-877-407-9121 and entering conference identification number 13734749, beginning at 10:20 a.m. ET. A live, listen-only webcast of the conference call will be available on the company’s investor relations website at ir.cbrands.com under the News & Events section. When the call begins, financial information discussed on the conference call, and a reconciliation of reported GAAP financial measures with comparable or non-GAAP financial measures, will also be available on the company’s investor relations website under the Financial History section. For anyone unable to participate in the conference call, a replay will be available on the company’s investor relations website.

ABOUT CONSTELLATION BRANDS

At Constellation Brands (NYSE: STZ), our mission is to build brands that people love because we believe sharing a toast, unwinding after a day, celebrating milestones, and helping people connect, are Worth Reaching For. It’s worth our dedication, hard work, and the bold calculated risks we take to deliver more for our consumers, trade partners, shareholders, and communities in which we live and work. It’s what has made us one of the fastest-growing large CPG companies in the U.S. at retail, and it drives our pursuit to deliver what’s next.

Today, we are a leading international producer and marketer of beer, wine, and spirits with operations in the U.S., Mexico, New Zealand, and Italy. Every day, people reach for our high-end, iconic imported beer brands such as Corona Extra, Corona Light, Corona Premier, Modelo Especial, Modelo Negra, and Pacifico, our fine wine and craft spirits brands, including The Prisoner Wine Company, Robert Mondavi Winery, Casa Noble Tequila, and High West Whiskey, and our premium wine brands such as Meiomi, and Kim Crawford.

But we won’t stop here. Our visionary leadership team and passionate employees from barrel room to boardroom are reaching for the next level, to explore the boundaries of the beverage alcohol industry and beyond. Join us in discovering what’s Worth Reaching For.

To learn more, visit www.cbrands.com and follow us on Twitter, Instagram, and LinkedIn.

A downloadable PDF copy of this news release can be found here:

http://ml.globenewswire.com/Resource/Download/6abc0480-6cc7-4237-9035-cc740870c447

MEDIA CONTACTS INVESTOR RELATIONS CONTACTS
Mike McGrew 773-251-4934 / michael.mcgrew@cbrands.com
Amy Martin 585-678-7141 / amy.martin@cbrands.com
Joseph Suarez 773-551-4397 / joseph.suarez@cbrands.com
Snehal Shah 847-385-4940 / snehal.shah@cbrands.com
David Paccapaniccia 585-282-7227 / david.paccapaniccia@cbrands.com

GlobeNewswire Distribution ID 8707113

Leading Global Operator Selects Synchronoss to Deliver Personal Cloud Offering

Leading Provider of Mobile, Telecommunications and ISP Services Rolling Out Personal Cloud Offering to Safeguard Files, Photos, Videos, and Other Digital Content

BRIDGEWATER, N.J., Dec. 01, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced a multi-year agreement with one of the largest global operators to deploy Synchronoss Personal Cloud to tens of millions of subscribers on its network. This agreement will contribute to Synchronoss’s financial results this quarter, as deployment preparations are underway, and transition into primarily a SaaS-based revenue model as subscribers adopt the service.

As one of the world’s top providers of mobile devices and communications services, this international customer is partnering with Synchronoss to offer an array of value-added services, including the ability to backup and manage files, photos, videos, and digital content stored on mobile phones and other devices. Thanks to the scale and market reach of this service provider, the Company estimates this customer will become one of its largest cloud deployments over the next three to five years. The rollout of the Synchronoss-powered personal cloud solution enables operators to generate new revenue opportunities, improve ARPU, and reduce churn through improved engagement.

“This agreement represents a major milestone in the continued expansion of our cloud business. We continue to empower mobile service providers worldwide with strategic tools to improve customer value,” said Jeff Miller, President and CEO of Synchronoss. “This multi-year agreement exemplifies the increasing importance of cloud offerings to leading operators and further extends our global footprint, representing new growth opportunities for the Synchronoss Personal Cloud platform. Most importantly, the launch of a customer-branded personal cloud solution will enable this operator to form deeper connections with its subscribers and improve key business metrics.”

About Synchronoss
Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. Learn more at www.synchronoss.com.

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

GlobeNewswire Distribution ID 8707181