Swiss had a pandemic stockpile of alcohol. They got rid of it in 2018

first_imgDaily Tages-Anzeiger reported that the stockpile of 8,000 tons to 10,000 tons of ethanol to make disinfectant in case of a pandemic was gotten rid of two years ago amid efforts to privatize the nation’s alcohol market.The decision has contributed to shortages of disinfectant products including hand sanitizers. As in many nations, the products vanished from Swiss store shelves weeks ago.Now private industry from distilleries to Swiss perfume producer Givaudan are cranking out the alcohol-based gels to try and meet consumer needs.“It cannot be the case that such an important raw material as alcohol is suddenly missing in a pandemic situation,” Swiss federal politician and Christian Democratic Party member, Alois Gmuer told Tages-Anzeiger. Amid the global coronavirus pandemic, Switzerland’s penchant for preparing for emergencies has won it praise.During the Cold War, the Swiss government required family homes to have a bunker and instructed citizens to stockpile food. Even today, residents are counseled on what supplies they should have on hand to ride out a crisis at home.Yet as demand for alcohol used to make hand sanitizer has soared amid the crisis, Switzerland is facing a possible shortage after abandoning its ethanol reserves in 2018. “But unfortunately it fits into the picture: The federal government has obviously neglected crisis preparedness,” he said.The Swiss Federal Office for National Economic Supply, which is in charge of the stockpiles, didn’t immediately provide a comment to Bloomberg.A government spokeswoman told Tages-Anzeiger that after liberalizing the alcohol market in 2018, the government wanted to give industry participants time before discussing plans to renew stockpiles. Those discussions were supposed to take place this year but now the coronavirus has intervened.In the name of emergency preparedness, Switzerland has previously stockpiled essential products including tobacco and metal screws.Swiss caffeine addicts bristled when the government declared coffee stockpiles not compulsory in 2019.The government also holds supplies of antibiotics, vaccines, rice, insulin and heating oil.center_img Topics :last_img read more

Indonesia reports higher COVID-19 death rate among children than United States

first_img“That means that 145 of 16,007 infected children of the age group have died,” Ainun told The Jakarta Post on Thursday.Read also: COVID-19 infections among children overshadow plans to reopen schoolsIn comparison, the US Centers for Disease Control and Prevention (CDC) reported on Thursday that 0.02 percent of all child COVID-19 cases resulted in death, or 82 children had died from a total of 355,123 COVID-19 cases in children aged 0-17 years in the US.According to data compiled by Johns Hopkins University, the US is still the world’s coronavirus epicenter with more than 6.1 million cases and 185,000 deaths, while Indonesia recorded more than 184,000 cases and 7,700 deaths.  In a separate statement issued on Monday, the Indonesian Pediatric Society (IDAI) noted that the country’s rate was higher than the rates in China and Italy, each of which stood below 0.1 percent, as well as Europe, where the rate was 0.3 percent.The percentage of child deaths per total COVID-19 deaths is also high in Indonesia. Children accounted for 1.9 percent of all COVID-19 deaths in which victims’ age were provided, which exceeded 7,000 on Thursday, official data show.Child deaths in the US, meanwhile, only accounted for 0.06 percent of 136,683 COVID-19 deaths, the CDC reported.IDAI chairman Aman Bhakti Pulungan said most of the child deaths in the country occurred because of late treatment and comorbidity factors.Aman said that, because COVID-19 symptoms may resemble those of other illnesses common among children, like diarrhea and pneumonia, and because of a lack of awareness, among other factors, such cases ended up being treated like other diseases.Read also: Grim picture as Indonesia enters sixth month of COVID-19 outbreakGiven the high share of children among COVID-19 fatalities in the country, concerns have been raised over the government’s plan to allow more schools in low-risk areas to reopen.“[The situation] is not yet safe for children to go back to school. Many schools are not ready with the health protocol, not to mention that many people are still not complying with the health protocol,” said Ainun.According to a Federation of Indonesian Teachers Associations (FSGI) survey published in June, around 53.4 percent of schools in 34 provinces across the country say they are not ready to resume face-to-face teaching due to a lack of infrastructure and funds.For the reopening, the Education and Culture Ministry requires that schools have clean toilets, handwashing facilities, disinfectant, infrared thermometers and access to health facilities.Schools are furthermore required to limit the number of students per classroom to 18, or roughly 50 percent of the normal capacity. Meanwhile, students have to adhere to physical distancing measures and wear masks.Topics : Indonesia is reportedly among the countries with the highest COVID-19 death rate among children, surpassing the United States, the world’s worst-hit country by the pandemic.  KawalCOVID-19, a volunteer group that independently records virus case numbers and deaths in Indonesia, recorded a case fatality rate (CFR) among children, or people aged 17 years and younger, was currently at 0.9 percent, or 45 times higher than in the United States, which was at 0.02 percent.The CFR is defined as the proportion of infections resulting in death. KawalCOVID-19 co-founder Ainun Najib said that, according to national COVID-19 task force data, the CFR among Indonesian children aged 0-17 years was 0.9 percent.last_img read more

Denmark’s ATP to continue as Nets shareholder following IPO

first_imgThe IPO is expected to consist of an issue of new shares to raise around DKK5.5bn, and a partial sale of existing shares by its current shareholders.ATP has a 5% stake, and private equity houses Advent International and Bain Capital have around 43.5% apiece.The rest of the equity is held by other co-investors and members of Nets management and staff.The IPO will form part of a debt restructuring, with the proceeds pooled with new bank borrowing and used to repay existing debt, the company said.Nets said it would announce the total offer size when it publishes a prospectus.ATP invested DKK3.6bn in Nets back in March 2014, as part of a joint venture with Advent International and Bain Capital to purchase Nets for DKK17bn.ATP’s investment consisted of DKK300m in equity and a loan of DKK3.3bn in the form of a high-yielding PIK (payment-in-kind) note — a type of mezzanine financing.A Danish newspaper has reported the yield on this loan to be 14%, but a spokesman for ATP said he could not confirm this.Nets was previously owned by more than 180 separate banks.Advent International also said it was pleased – “delighted” – with the progress Nets had made over the past two years.“When we made our initial investment, we envisioned a future listing when Nets was ready,” said James Brocklebank, a managing partner at the private equity firm and member of the Nets board of directors.“The company has exceeded its ambitious performance targets and done so faster than expected, so we are now executing on our plan,” he said.The Nets investment makes up nearly 4% of ATP’s DKK97bn return-seeking investment portfolio.ATP reported big profits from another of its large private equity investments last week, with its investment in DONG Energy boosting half-year returns on its investment portfolio to the tune of DKK2.9bn in the six-month period alone. Denmark’s statutory pension fund ATP intends to remain a shareholder in the Danish payments firm Nets following the IPO the firm has just announced, with the fund saying its investment in the company had made very good returns.  Carsten Stendevad, outgoing chief executive of the DKK800bn (€107bn) pension fund, said: “The transformation of Nets has exceeded our expectations by far and has been a very lucrative investment for our pensioners.“We look forward to supporting Nets in the next phase and we will continue as shareholders,” he said.Nets, which provides digital payment services and related technology in the Nordic region, announced yesterday it would launch an IPO (Initial Public Offering) of its shares and list on Nasdaq Copenhagen.last_img read more

Cairns units force spike in building approvals for financial year

first_imgNova City. Artist’s impression of two-bedroom apartment. FOR CAIRNS POST REAL ESTATE LIFTOUT 23/05/18FAR North Queensland was a standout performer in the latest building approval figures from the Australian Bureau of Statistics, up 27 per cent on the previous 12 months. Across Queensland, Master Builders’ deputy chief executive Paul Bidwell said the end of the boost to the First Home Owners’ Grant was a contributing factor in the largest monthly gain in building approvals since 2015. “We’re attributing the jump in numbers for new homes to people seeking to get their contracts over the line before the end of the boost,” he said. “Housing finance figures also showed a surge in first homeowner’s securing finance, which now appears to be topping out. “While only time will tell, we believe this is evidence of the importance of the state government’s $5000 boost for first home buyers. Let’s hope we don’t see a significant drop next month as a result.” “Dwelling approvals for Mackay and Whitsunday doubled over the previous 12 months; a continuation of its rebound from the region’s historic low in recent years.”In Cairns, Mr Bidwell said the jump could be contributed to the approvals for the Nova City and GA Group’s Abbott St unit developments. In the 2015/16 financial year, 131 unit approvals were recorded, compared to 586 in 2016/17.Housing approvals, however, dropped 7 per cent from 1211 in 2015/2016 to 1123 in 2016/17.In total, about 400 extra dwellings were recording, the number rising from 1342 to 1709.But the actual situation could be a lot softer than Master Builders’ data has indicated.Urban Development Institute of Australia Cairns branch president Adam Gowlett said internal analysis of Queensland Building and Construction Commission approvals showed in July, among 50 of the region’s biggest builders, just 31 jobs were paid up.More from newsCairns home ticks popular internet search terms2 days agoTen auction results from ‘active’ weekend in Cairns2 days ago“That is tracking at about 360 jobs for the year. Last financial year there were 665 jobs, so it is about half the rate as usual. We really should be doing 70-80 a month,” he said.“The trend for July was a bit worrying, people have been saying things have been softening.“The approvals and cranes on the skyline are not translating into jobs on the ground and confidence in our local community. “Part of that is being driven by the increased difficulty for people to get loans for properties.“For Cairns and all of the world, structural change in the way of employment means more part-time jobs and less full-time jobs. “More part-time jobs don’t equate to banks lending to those families.“The other part of the equation is we haven’t seen the investors come back into Cairns and we have really low vacancy rates. It is all combining to keep our market a little bit subdued.”Mr Gowlett said Queenslanders, on average, were now holding their houses for three years longer, at 10 years.People who move tend to spend on new curtains, furniture, gardening goods and other items. “If people stop moving, they stop spending and everyone sits around with their hands in their pockets and the economy does the same.”last_img read more

Interview: Bidders swarm probunkers’ invitation for LNG bunkering vessels design

first_imgBy Adnan Bajic Illustration purposes only (Image courtesy of probunkers)Athens-based probunkers call for bids the design of its seven bunkering vessels (LNGBVs) has garnered a lot of interest among market participants.Probunkers intends to build and operate a fleet of LNG bunkering vessels to brace the ever-changing needs of global shipping taking up the role of physical supplier, LNG trader/seller and barge owner and operator.Speaking to LNG World News, probunkers CEO Alexander Prokopakis said that following the invitation for design bids, the company started with 17 interested parties and is currently at 43 confirmed participants that will submit proposals by March 29.“Over the last two weeks, we had very interesting exchanges that made us more knowledgeable and aware. This helps a lot in our planning and implementation of our project,” Prokopakis said.The project involves a total investment of $343 million over a 10-year plan, the company’s website shows, and probunkers plans to be fully operational in late 2022.“As of now, we have been able to meet all key milestones and dates set towards the implementation of our business plan,” Prokopakis said, noting that the technical phase that probunkers is currently in, the design of the vessels, is critical for the future timeline of the project.“My personal view is that a small delay, meaning 6-8 months within 2023 might not be a bad thing.  In actuality, it might help our commercial approach,” he said.Prokopakis added that LNG market is expected to continue its growth with LNG bunkering fleet jumping from six to 14 fleet by the end of 2020.He did, however, said that in personal opinion LNG bunkering will never reach the traditional oil bunkering footprint, saying it would be better if that didn’t happen due to “questionable business practices” springing out from oversupply in oil bunkering. It is not a model LNG bunkering industry would want.last_img read more

Lady Buldogs Soccer Teams Sweep Lady Pirates

first_imgThe Batesville JV Lady Bulldogs defeated the Greensburg Pirates with a final score of 9-0.Taylor Rowlett led the team with 3 goals. Also scoring for the Bulldogs was Anna Kick, Kelsey Huffner, Molly Wintz, Kristin Covert, Baylee Rohlfing, and Audrey Weigel. The defense has stayed consistently strong by recording a shutout in every game. The bulldogs will face the South Dearborn Knights on Tuesday.The Varsity team defeated the Lady Pirates 4-2 in a EIAC battle.The Lady Bulldogs found themselves down 2-0 at halftime after being outworked by the Lady Pirates. “The upperclassmen really stepped up and showed a lot of effort, heart, and drive to bring us back in this game tonight.” Emily Rose got the scoring started in the second half with a goal only 3 minutes into the 2nd half. Mary Elizabeth Elkins scored quickly after that to even up the score at 2-2. Both Rose and Elkins would go on to add their second goal of the game en route to defeated Greensburg 4-2.“This was a good situation for us to be in early in the season to see what we were made of. Being down 2-0 at half was a good mental test for us to have the fight to get back into this game.”  Batesville Coach Kyle Laker.The Lady Bulldogs travel to South Dearborn Tuesday for their 3rd EIAC match of the season.Bulldogs Coach Kyle Laker.last_img read more

Baseball, Softball Classifications Announced for 2017‐18, 2018‐19

first_imgThe Indiana High School Athletic Association announces the new classifications for IHSAA member schools in baseball and softball for the next two school years.Sectional groupings for both sports will be announced in late August following approval of the IHSAA Executive Committee.The enrollment figures, the total of boys and girls in grades 9‐12, were submitted by the schools to the Indiana Department of Education last fall and are used to determine the classifications in the sports of baseball, boys and girls basketball, football, boys and girls soccer, softball and volleyball. Classifications for the other sportswere announced last March.Also, per IHSAA By‐Law, C‐2‐3c, any school has the option to play up one or more classes in any sport they choose for the two‐year classification period by notifying the Association Office.Accumulated Tournament Success Factor points have been tallied from the previous two seasons and have been applied in placing those affected schools in their appropriate classification within each sport.2017-19Softball Enrollments and Classifications2017-19 Baseball Enrollments and Classificationslast_img read more

Pardew could make big name signing

first_img Pardew has slapped a price tag as high as £60million on winger Yannick Bolasie, with Liverpool reportedly interested in the in-form 25-year-old. The Palace boss has drawn up a clear transfer strategy with chairman Steve Parrish, which will again be centred around digging out high-value recruits. “It really is about are they better than what you have. “Therefore what is their value? And that is what you have to gauge. “I have to say this club has done very well in the transfer market prior to me coming in. I think in that window just passed we bought really well, but really we haven’t seen them. “I haven’t had to lean on Shola Ameobi, Jordon Mutch, Chungy (Lee Chung-yong) too much really. “And I really did think, particularly in Shola, that he was going to be a massive player for us if it got close. “In a way the team have taken that equation away.” Pardew has guided Palace out of the relegation mire since his January arrival, with the Eagles fifth in the Premier League standings on 2015’s fixtures alone. Victory over Hull in Saturday’s Selhurst Park clash would rubber-stamp Palace’s top-flight safety, and Pardew admitted he is eager to make what experiments he can with next term in mind. “There could be an opportunity to look for next year and that is what I am going to do between now and the end of the year,” he said. “I will try and keep our professionalism together, but also look at Chungy and Jordon Mutch and how they are going to impact on what is a good team at the moment. “We still have some big games though, so I have to look at that and can’t be experimenting in some. “It is about making sure whatever team goes out there is every bit as good as the team that has played in the last few weeks.” Alan Pardew is weighing up chasing a big-name summer signing to boost Crystal Palace’s profile as the Eagles battle to hold onto their top talent. Former Newcastle manager Pardew did however concede that a high-profile signing could be just the kind of statement of intent the Selhurst Park club need to cement their Premier League authority. “I think that is a good point actually,” said Pardew when asked if a well-known recruit would boost the club. “Maybe that is a solution to not just give us a better media standing than we have, but to also give everybody else here the recognition in terms of their value, that we could attract a player of that type. “That is something I have thought about.” Pardew is adamant Palace’s top stars are vastly undervalued by their top-flight rivals, and is intent on changing perceptions the most straightforward way – setting higher demands. That blunt strategy fully underscores Pardew rating Bolasie – signed from Bristol City for around £400,000 in 2011 – at £20million last week, and between £40million and £60million this. While Palace may seek to break the £7million club transfer record set with the September 2014 arrival of James McArthur from Wigan, Pardew is loath to do so lightly. “It isn’t just about the money and isn’t just about the figure that you pay,” said Pardew. Press Associationlast_img read more

GFF/BFA NAMILCO U-17 league : Wins for Paradise Invaders, Monedderlust and N/A United

first_imgPARADISE Invaders, Monedderlust and New Amsterdam United recorded victories when play in the Berbice Football Association (BFA) leg of the GFF/NAMILCO Under-17 league continued recently.The game between Paradise Invaders and Mahaicony Thunder Hawks on Saturday saw Paradise Invaders make full use of their home advantage and crowd support to needle their opponents by one goal to nil.Paradise’s leading goalgetter, Shakeel DeHarte netted in the 58th minute, after a scoreless half-time where chances by both sides went a-begging.On Sunday Monedderlust whipped Mahaicony Thunder Hawks 2-nil.A penalty was awarded for an infringement in the 18-yard box in the 3rd minute. Paul McDonald drove a right foot shot, from the penalty mark, past the outstretched right hand of Mahaicony custodian Anthony Bovell.The second goal for Monedderlust came from an early strike upon resumption by the diminutive number 10 Chetram ‘Devin’ Saroopchand.New Amsterdam United then blanked Corriverton Links four goals to nil.The half-time score was 1-nil in favour of N/A United compliments of Jamal McCalmont in the 40th minute. However, goals two and three resulted from the boot of Tierre Phillips in the 66th and 78th minutes.Troy Munroe scored the fourth in the 87th minute to finalise the score line.last_img read more

England’s Moeen ready to play first tour match

first_img(REUTERS) – England all-rounder Moeen Ali is ready to play his first Australian tour match in Townsville after recovering from a side strain.The 30-year-old missed England’s opening two games in Perth and Adelaide but is available for the final warm-up game against a Cricket Australia XI starting on Wednesday.“I am good. It’s just a slight strain on my side from throwing,” Moeen told reporters on Monday.”It was a bit frustrating but also not a bad thing, you get a lot more work done.“I feel like I am ready to play and I can’t wait to spend time in the field. We have got four days of cricket ahead. I can get a bit of game time in my system and then be ready to play, hopefully, at the Gabba.”It will be England’s last game before the Ashes series opener in Brisbane on Nov. 23.England are on a 31-year winless streak in Brisbane but Moeen believes it is important for the visitors to set the marker for the rest of the campaign.”I’ve heard a lot about Brisbane,“ said Moeen. ”It’s something you have to block out. You have to focus on your game and the situation that the team is in.“I‘m prepared the best I can. When you’re out there you rely on your instincts. I know it will be tough, but I’ve always backed my ability.”England head into the final tour match on the back of a convincing 192-run victory over a Cricket Australia XI in a day-night game in Adelaide.last_img read more