News
Entertainment
Science & Technology
Life
Culture & Art
Hobbies
News
Entertainment
Science & Technology
Culture & Art
Hobbies
Discover Latest #Variable News, Articles and Videos with Contenting
1. "5G: What You Need to Know About the Next Generation of Wireless Technology" 2. "AI and Machine Learning: What They Are and How They Are Changing Our Lives" 3. "The Internet of Things: How Connected Devices are Transforming Business" 4. "What is Blockchain and How is it Changing the Business World" 5. "The Rise of Big Data and How it is Changing Business Decision Making" 6. "The Impact of Automation and Robotics on the Global Economy" 7. "The Future of Digital Payments and Cryptocurrency" 8. "The Role of Artificial Intelligence in Cybersecurity" 9. "The Impact of Cloud Computing on Businesses" 10. "The Benefits of Augmented Reality and Virtual Reality in Business"
Quotation of the Day... - Cafe Hayek
Tweet… is from page 203 of the late Robert Bartley’s 1992 book about America during the years 1983 through 1989, The Seven Fat Years: There is, however, no significant way to shove capital into the Third World. It has to be pulled. The crucial variable is the economic policies of Third World nations. If their […]
AB “Ignitis grupė” Strategic Plan 2025–2028: paving the way towards 100% green and secure energy ecosystem - ForexTV
AB “Ignitis grupė” (hereinafter – the Group) publishes its Strategic Plan 2025–2028, which is attached to this notice. The Group remains committed to executing its ambitious strategy with the purpose to create a 100% green and secure energy ecosystem for current and future generations.We are continuing to expand the Group’s Green Capacities Portfolio to reach 4–5 GW of installed Green Capacities by 2030, thus strengthening the energy security and contributing to the surplus green energy production in the region. In the Networks segment, we are expanding and maintaining the electricity grid to facilitate green transition. Highlights of the strategic planWe target to double the installed Green Capacities, reaching a total of 2.6–3.0 GW in 2028 compared to 1.4 GW in 2024. Currently, the Group’s Green Capacities Portfolio amounts to 8.4 GW, of which 3.1 GW is Secured Capacity. We focus on the development of green generation and green flexibility technologies – onshore and offshore wind, batteries, pumped-storage hydro and power-to-x. To enable the Green Capacities build-out, we utilise and further expand our customer base to ensure electricity offtake. Expanding the electricity supply portfolio in the countries we are active in should lead to a significant increase in the amount of supplied electricity by the Group, from 6.7 TWh in 2024 to 9.0–11.0 TWh by 2028. Also, the Group continues to build a leading EV fast-charging network, being the first-choice provider of charging solutions in the Baltics for home and business customers.In the Networks segment, we are focusing on ensuring resilient and efficient electricity distribution and electricity network expansion to facilitate the energy market. And through the Reserve Capacities segment, we ensure the reliability and security of the power system.Financial targetsIn 2025–2028, we plan to invest EUR 3.0–4.0 billion with over 85–90% of the Investments to be aligned with the EU Taxonomy. We plan to direct around 59% of the Investments (EUR 1.7–2.4 billion) to further develop Green Capacities. More than half of the Investments in Green Capacities over the 2025–2028 period relate to new installed Green Capacities additions after 2028.The second largest portion, around 36%, of the Investments (EUR 1.2–1.3 billion) is to be directed towards the expansion and maintenance of a resilient and efficient electricity distribution network, which is one of the key elements of a successful energy transition.The Investments should translate into EUR 600–680 million Adjusted EBITDA in 2028, up from EUR 527.9 million in 2024. We aim to achieve a sustainable share of Adjusted EBITDA of at least 70–75% by 2028. The average Adjusted ROCE is expected to be within 6.5–7.5% in 2025–2028.We target to maintain our credit rating of ‘BBB’ and above over the 2025–2028 period, supported by disciplined financial management. We will continue our investment program while maintaining the Net Debt to Adjusted EBITDA ratio below 5 times.In line with the Dividend Policy, we are committed to a minimum of 3% annual dividend growth, implying a 6.4%–7.0% dividend yield for the 2025–2028 period.Sustainability priorities and targetsWe target to reach net zero emissions by 2040–2050. We will maximise sustainable value by directing our investments toward a decarbonisation pathway that is aligned with our business ambitions and reaching net zero emissions by 2040–2050. Our sustainability-related priority is reducing the carbon intensity of our Scope 1 & 2 GHG emissions (to 190 g CO2-eq/kWh in 2028 or reducing by 5% vs. 2024) by growing installed Green Capacities and increasing the share of green electricity used for our operations. Long-term performance objectivesFollowing the Strategic Plan, the Supervisory Board of Ignitis Group approved the long-term objectives and performance targets for the 2025–2028 period that determine the long-term variable part of remuneration for key executives.The details of the Long-Term Incentive Plan objectives for the 2025–2028 period are available in the Strategic Plan’s annexes and on our website. Earnings call In relation to the announcement of the First three months 2025 interim report and Strategic Plan 2025–2028, an earnings call for investors and analysts will be held on Wednesday, 14 May 2025, at 1:00 pm Vilnius / 11:00 am London time. To join the earnings call, please register at: https://edge.media-server.com/mmc/go/Ignitis3M2025resultsandStrategicPlan2025-2028It will be also possible to join the earnings call by phone. To access the dial-in details, please register here. After completing the registration, you will receive dial-in details on screen and via email. You will be able to dial in using the provided numbers and a unique pin or by selecting ‘Call me’ option and providing your phone details for the system to connect you automatically as the earnings call starts. All questions of interest can be directed to the Group’s Investor Relations team in advance, after registration or live during the earnings call. Presentation slides will be available for download prior the call at:https://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets The First three months 2025 interim report, fact sheet (in Excel) and other published documents will be available for download at:https://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets Strategic Plan 2025–2028 will be available for download at:https://ignitisgrupe.lt/en/about-us/strategy For additional information, please contact: CommunicationsValdas Lopeta+370 621 77993valdas.lopeta@ignitis.ltInvestor RelationsAinė Riffel-Grinkevičienė+370 643 14925aine.riffel-grinkeviciene@ignitis.lt Attachment Ignitis Group Strategic Plan 2025-2028
AB “Ignitis grupė” Strategic Plan 2025–2028: paving the way towards 100% green and secure energy ecosystem - ForexTV
AB “Ignitis grupė” (hereinafter – the Group) publishes its Strategic Plan 2025–2028, which is attached to this notice. The Group remains committed to executing its ambitious strategy with the purpose to create a 100% green and secure energy ecosystem for current and future generations.We are continuing to expand the Group’s Green Capacities Portfolio to reach 4–5 GW of installed Green Capacities by 2030, thus strengthening the energy security and contributing to the surplus green energy production in the region. In the Networks segment, we are expanding and maintaining the electricity grid to facilitate green transition. Highlights of the strategic planWe target to double the installed Green Capacities, reaching a total of 2.6–3.0 GW in 2028 compared to 1.4 GW in 2024. Currently, the Group’s Green Capacities Portfolio amounts to 8.4 GW, of which 3.1 GW is Secured Capacity. We focus on the development of green generation and green flexibility technologies – onshore and offshore wind, batteries, pumped-storage hydro and power-to-x. To enable the Green Capacities build-out, we utilise and further expand our customer base to ensure electricity offtake. Expanding the electricity supply portfolio in the countries we are active in should lead to a significant increase in the amount of supplied electricity by the Group, from 6.7 TWh in 2024 to 9.0–11.0 TWh by 2028. Also, the Group continues to build a leading EV fast-charging network, being the first-choice provider of charging solutions in the Baltics for home and business customers.In the Networks segment, we are focusing on ensuring resilient and efficient electricity distribution and electricity network expansion to facilitate the energy market. And through the Reserve Capacities segment, we ensure the reliability and security of the power system.Financial targetsIn 2025–2028, we plan to invest EUR 3.0–4.0 billion with over 85–90% of the Investments to be aligned with the EU Taxonomy. We plan to direct around 59% of the Investments (EUR 1.7–2.4 billion) to further develop Green Capacities. More than half of the Investments in Green Capacities over the 2025–2028 period relate to new installed Green Capacities additions after 2028.The second largest portion, around 36%, of the Investments (EUR 1.2–1.3 billion) is to be directed towards the expansion and maintenance of a resilient and efficient electricity distribution network, which is one of the key elements of a successful energy transition.The Investments should translate into EUR 600–680 million Adjusted EBITDA in 2028, up from EUR 527.9 million in 2024. We aim to achieve a sustainable share of Adjusted EBITDA of at least 70–75% by 2028. The average Adjusted ROCE is expected to be within 6.5–7.5% in 2025–2028.We target to maintain our credit rating of ‘BBB’ and above over the 2025–2028 period, supported by disciplined financial management. We will continue our investment program while maintaining the Net Debt to Adjusted EBITDA ratio below 5 times.In line with the Dividend Policy, we are committed to a minimum of 3% annual dividend growth, implying a 6.4%–7.0% dividend yield for the 2025–2028 period.Sustainability priorities and targetsWe target to reach net zero emissions by 2040–2050. We will maximise sustainable value by directing our investments toward a decarbonisation pathway that is aligned with our business ambitions and reaching net zero emissions by 2040–2050. Our sustainability-related priority is reducing the carbon intensity of our Scope 1 & 2 GHG emissions (to 190 g CO2-eq/kWh in 2028 or reducing by 5% vs. 2024) by growing installed Green Capacities and increasing the share of green electricity used for our operations. Long-term performance objectivesFollowing the Strategic Plan, the Supervisory Board of Ignitis Group approved the long-term objectives and performance targets for the 2025–2028 period that determine the long-term variable part of remuneration for key executives.The details of the Long-Term Incentive Plan objectives for the 2025–2028 period are available in the Strategic Plan’s annexes and on our website. Earnings call In relation to the announcement of the First three months 2025 interim report and Strategic Plan 2025–2028, an earnings call for investors and analysts will be held on Wednesday, 14 May 2025, at 1:00 pm Vilnius / 11:00 am London time. To join the earnings call, please register at: https://edge.media-server.com/mmc/go/Ignitis3M2025resultsandStrategicPlan2025-2028It will be also possible to join the earnings call by phone. To access the dial-in details, please register here. After completing the registration, you will receive dial-in details on screen and via email. You will be able to dial in using the provided numbers and a unique pin or by selecting ‘Call me’ option and providing your phone details for the system to connect you automatically as the earnings call starts. All questions of interest can be directed to the Group’s Investor Relations team in advance, after registration or live during the earnings call. Presentation slides will be available for download prior the call at:https://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets The First three months 2025 interim report, fact sheet (in Excel) and other published documents will be available for download at:https://ignitisgrupe.lt/en/reports-presentations-and-fact-sheets Strategic Plan 2025–2028 will be available for download at:https://ignitisgrupe.lt/en/about-us/strategy For additional information, please contact: CommunicationsValdas Lopeta+370 621 77993valdas.lopeta@ignitis.ltInvestor RelationsAinė Riffel-Grinkevičienė+370 643 14925aine.riffel-grinkeviciene@ignitis.lt Attachment Ignitis Group Strategic Plan 2025-2028
Federal Government Takes Case to the Federal Supreme Court
The Federal Department of Finance (FDF) is not backing down and is appealing the ruling of the Federal Administrative Court, which declared the reduction and elimination of variable remuneration for former members of Credit Suisse management to be unlawful.
CORRECTION - AIP Realty Trust Announces First Quarter 2025 Results - ForexTV
VANCOUVER, British Columbia, May 28, 2025 (GLOBE NEWSWIRE) -- In a release issued earlier today by AIP Realty Trust (TSXV:AIP.U), please note that the year in the headline should read "2025" instead of "2024". The corrected release follows: AIP Realty Trust (the “Trust” or “AIP Realty”) (TSXV:AIP.U) today announced its financial results for the three months ended March 31, 2025. All dollar amounts are stated in U.S. dollars. Q1 2025 Highlights The demand for light industrial flex facilities is continuing to drive rental rate increases, and the Eagle Court property is demonstrating robust leasing momentum. While the Trust aims to minimize vacancies and has been successful in this endeavor, unit turnover provides an opportunity to update suite revenue per square foot and bring it in-line with current market conditions. New leases signed in 2025 at Eagle Court have seen an average 19% increase in suite revenue per square foot.Investment property revenue was $124,232 for the three months ended March 31, 2025, compared to $151,042 in the same period in 2024, a decrease of $26,810, or 18%. The decline in investment property revenue was mainly due to a decline in parking revenue from a 2024 lease expiration that included a large parking agreement component and normal turnover that resulted in the scheduled vacancy of two units starting in February 2025. Both vacant units were released at higher rates to new tenants that moved in mid-March 2025.Investment property operating expense for the three months ended March 31, 2025 increased to $64,742, compared to $48,602 for the three months ended March 31, 2025, an increase of $16,140, or 33%. The increase in investment property operating expense was primarily due to the variable nature of maintenance and repair expense, as the Trust took advantage of the scheduled vacancies in the first quarter of 2025 to perform maintenance on its parking lot and property-wide fire system, which resulted in over $14,000 of additional expense in the first quarter of 2025 compared to 2024. As a result, overall investment property net rental income for the three months ended March 31, 2025 was $59,490, compared to $102,440 for the three months ended March 31, 2024, a decline of $42,950, or 42%.Effective February 12, 2025, the Trust completed a fourth tranche of a non-brokered private placement (the “Financing”) and issued 5,200,000 Preferred Units at a price of $0.50 per Preferred Unit for aggregate gross proceeds of $2,600,000. The Trust paid $160,000 in finder’s fees to a non-related third party in connection with the fourth tranche of the Financing. The Trust intends to use the proceeds of the Financing and Plymouth Transaction for working capital and general corporate purposes.On March 10, 2025, the Trust entered into a term sheet and mandate letter with a leading US banking institution to serve as the administrative agent and sole lead arranger of a senior first mortgage, secured, interest-only credit facility (the “Facility”). The total Facility will be for $300,000,000, with the initial amount being $100,000,000. The Facility will be subject to an accordion option whereby the Trust shall have the right to increase the Facility by an amount equal to an additional $200,000,000.Additionally on March 10, 2025, the Trust announced an Off-Balance Sheet Development JV whereby it entered into a non-binding term sheet between the Trust and a significant financial institutional group (the “JV Partner”), pursuant to which the Trust and the JV Partner will form a joint venture entity (the “Joint Venture”), governed by a joint venture agreement to be negotiated by the parties. The Joint Venture will serve as an off-balance sheet development vehicle to construct new AllTrades SIBS facilities across the Sunbelt states, which the Trust will then acquire outright upon completion and leasing stabilization. Selected Financial Information Three Months Ended March 31, 2025 March 31, 2024 Investment property revenue$124,232 $151,042 Investment property operating expenses (64,742) (48,602)Investment property net rental income 59,490 102,440 Trust expense (1,480,425) (481,285)Fair value adjustment to investment property 91,403 1,375 Net loss and total comprehensive loss$(1,329,532)$(377,740) March 31, 2025 December 31, 2024 (unaudited) (audited) Investment property$6,092,924 $5,992,598 Cash$664,650 $519,601 Project debt (net of debt discount)$2,896,346 $2,920,352 Accounts payable and accrued expenses$7,121,233 $6,670,515 Units outstanding 4,924,448 4,924,448 The foregoing is a summary of selected information for the three months ended March 31, 2025 and 2024 and is qualified in its entirety by, and should be read in conjunction with, the Trust’s condensed interim consolidated financial statements and management discussion and analysis for the three months ended March 31, 2025 and 2024. These documents are available on SEDAR+ at www.sedarplus.com, and on the Trust’s website at www.aiprealtytrust.com. Related party disclosures The executive management team of the Trust is the same executive management team as AllTrades. Outlook and Subsequent Events Through its agreement with AllTrades, the Trust has been granted an exclusive right to purchase all AllTrades’ completed and leased facilities, as well as any facilities in development. This includes 13 properties subject to forward purchase agreements, including six DFW-area facilities already completed or nearing completion, and seven additional facilities on which development has commenced or is ready to commence. Development on these facilities was funded with equity capital from AllTrades and Trinity Investors, a $7 billion Dallas-based real estate private equity investor. In addition, AllTrades is actively planning the next tranche of facilities in DFW and Houston, TX. As previously disclosed in March 2024, the Board of Trustees continues to explore the execution of its business plan and relationship with AllTrades and anticipates closing the AllTrades Transaction by the end of the third quarter 2025. The Trust is currently engaged in advanced discussions with several leading banks who have shown interest in serving as lead investment banker of the syndicate members to the Concurrent Financing in connection with the AllTrades Transaction. About AIP Realty Trust AIP Realty Trust is an unincorporated, open ended mutual fund trust with a growing portfolio of AllTrades branded SIBS light industrial flex facilities focused on small businesses and the trades and services sectors in the U.S. These properties appeal to a diverse range of small space users, such as contractors, skilled trades, suppliers, repair services, last-mile providers, small businesses and assembly and distribution firms. They typically offer attractive fundamentals including low tenant turnover, stable cash flow and low capex intensity, as well as significant growth opportunities. With an initial focus on the Dallas-Fort Worth market, AIP plans to roll out this innovative property offering nationally. AIP holds the exclusive rights to finance the development of and to purchase all the completed and leased properties built across North America by its development and property management partner, AllTrades Industrial Properties, LLC. For more information, please visit www.aiprealtytrust.com. For further information from the Trust, contact:Leslie WulfExecutive Chairman(214) 679-5263les.wulf@aiprealtytrust.com Or Greg VorwallerChief Executive Officer(778) 918-8262greg.vorwaller@aiprealtytrust.com Cautionary Statement on Forward-Looking Information This press release contains statements which constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of AIP Realty Trust with respect to future business activities and operating performance. Forward-looking information is often identified by the words “may”, “would”, “could”, “should”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” or similar expressions and includes information regarding, future acquisitions by the Trust, the ability to obtain regulatory and unitholder approvals and other factors. When or if used in this news release, the words “anticipate”, “believe”, “estimate”, “expect”, “target”, “plan”, “forecast”, “may”, “schedule” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to the commencement of development on certain of the AllTrades facilities, proposed financing activity, proposed acquisitions, regulatory or government requirements or approvals, the reliability of third-party information and other factors or information. Such statements represent the Trust’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Trust, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward- looking statements. These forward-looking statements are made as of the date hereof and are expressly qualified in their entirety by this cautionary statement. The Trust does not intend, and do not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release is not an offer of securities for sale in the United States. The securities may not be offered or sold in the United States absent registration or an exemption from registration under U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”). The Trust has not registered and will not register the securities under the U.S. Securities Act. The Trust does not intend to engage in a public offering of their securities in the United States. Source: AIP Realty Trust
Using AI to explain the gender wage gap - Marginal REVOLUTION
Understanding differences in outcomes between social groups—such as wage gaps between men and women—remains a central challenge in social science. While researchers have long studied how observable factors contribute to these differences, traditional methods oversimplify complex variables like employment trajectories. Our work adapts recent advances in artificial intelligence—specifically, foundation models that can process rich, detailed […]