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Osho Lovers reach out to Union Minister of Social justice and Empowerment of India – Appeal to save Osho Ashra – The Statesman

Posted: November 3, 2021 at 1:45 am


New Delhi. October 29th, 2021:Oshodham, the eminent sanctuary of meditation and soul healing organized an event to appeal to the Government of India to institute an inquiry into the working of Osho Ashram Pune and conduct an impartial audit from 3 pm to 6 pm on Friday, October 29th, 2021 at Oshodham, 44, Jhatikra Road, Pandwala Khurd, near Najafgarh, New Delhi.

The event commenced with thesignature celebratory style of Oshodham having disciples, Osho lovers, and friends meditate, rejoice and familiarize themselves with the core issues of Osho Ashram at Pune followed by a session of making a sincere appeal to the Honorable Union Minister of India. Present at the session were distinguished personalities Shri Ramdas Athawale (Union Minister of Social justice and Empowerment of India) and Shri Krishna Milan Shukla (National Vice-President, Republican Party of India).

A large number of people gathered with a single motive in their hearts to appeal to the Government of India toinitiate an independent audit inquiry into the workings ofBasho, a part of the Osho Ashram in Puneas it has been put up for sale by a section of Osho followers who believe that the sacred place for a zillion people is running in losses.

Honourable Minister Shri Ramdas Athawale (Union Minister of Social justice and Empowerment of India)shared his thoughts by stating I have a lot of respect for Osho teachings as these teachings promote meditation that brings peace and happiness in peoples lives. Osho teachings are similar to those of Gautam Buddhas which too back to our Indian roots. With respect to the Osho Dham issue he said, Any discrimination or any kind of wrongful actions will be not go unseen or unpunished. The BJP govt respects all religions and believes and will look into this matter, I as the Union Minister of Social justice and Empowerment of India will definitely bring justice..

Swami Prem Geet remarked, Osho is Guru for millions and has spoken on every subjects and aspect of life which has been broken into 9000 hours of audio discourses and 2000 of video discourses. His books are transcribed into 650 titles translated into 75 languages around the world on average 700 books are published somewhere on the planet. Meaning two books per day! Osho legacy is controlled by 3 foreigners namely Michael Bryan, Darcy OBrien, and John Andrews and his associate Mukesh Sarda.

With the active involvement of politically influence builder lobby Panchshil Reality of Pune and Mumbai directed by Shri Atul Chordia are alienating the properties and funds of the public charitable trust in Pune and Mumbai. We are holding the credible evidence that the present trustees of the public charitable trust have siphoned off properties and funds valuing rupees 1800 crores in their private companies in India and outside India.

According to Osho lovers, Oshos vision and sanctity of Osho Dham have been compromised. Oshos Samadhi is challenged as selling the huge property associated with spiritual legacy away seems impossible; it has been found that duplicate trusts have been established which have not been probed as their names are similar to the original ones and easily overlooked; a whopping amount of Rs. 1,800 crores incurred via royalties from Osho publications, Osho discourses on YouTube, and income from the website has been missing and suspected to be transferred abroad. The revenues have dried up owing to an increase in therapy, entrance, and other charges making it even easier for the two Canadian OByrne brothers and their British counterpart Dr. George Alexander Wynne-Aubrey Meredith who have bank accounts and foundations in Britain, the USA, Switzerland, Ireland, and the Virgin Islands.

Conducting and acclimatiing the sannyasins through the movement of sorts were present Swami Prem Geet (Osho Friends Foundation, Pune), Swami Prem Anadi Osho Friends Foundation, Pune), Swami Chaitanya Keerti (Editor, Osho World Magazine), Ma Dharm Jyoti, a long time Osho Sannyasin, Swami Atul Anand (Managing Trustee, Osho World Foundation) and Swami Anand Kul Bhushan.

A highly driven Swami Atul Anand (Managing Trustee, Osho World Foundation) remarked, It is extremely painful for a true sannyasin to watch a part of their heart to be given away to someone else who does not even understand the reverence it holds for us at Osho Dham. We are certain that Honourable Union Miniter will consider the plea we have made to him.

For years, Osho Dham has preserved the teachings and ideologies of Bhagwan Rajneesh Osho and percolated them through generations of followers. With their unique outlook towards life and the very true concept of celebrating it, the cult has intrigued and attracted one to all in India as well as overseas towards it. Their out-of-the-box thinking and methodologies of rather addressing the demons in the human mind than suppressing it have cured many minds and souls in miraculous ways.

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Osho Lovers reach out to Union Minister of Social justice and Empowerment of India - Appeal to save Osho Ashra - The Statesman

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November 3rd, 2021 at 1:45 am

Posted in Osho

Osho Friends Foundation appeals to Honble Minister of State for Social Justice & Empowerment, Shri Ramdas Athawale, soliciting appointment of an…

Posted: at 1:45 am


Business EconomyPosted at: Nov 1 2021 2:07PM

NEW DELHI,Nov. 1, 2021/PRNewswire/ --A delegation of Osho disciples from Osho Friends Foundation, a public trust which preserves and proliferates the teachings ofBhagwan Shree Rajneesh, have submitted an appeal to Hon'ble Minister of State for Social Justice & Empowerment,Shri Ramdas Athawaleto urgently institute an Inquiry Commission to audit all trusts of Osho Ashram,PuneandMumbaias well as stop the sale of Bhagwan Rajneesh's properties worth over1000 Croreat the Pune Ashram. The delegation comprised of Osho disciples Swami Prem Geet,Sunil Mirpuri, Swami Chaitanya Keerti, Swami Kul Bhushan,Ma Dharm Jyoti, and Swami Atul Anand among others.

Hon'ble Minister of State for Social Justice and Empowerment,Shri Ramdas Athawalesaid, "It is my duty and responsibility to ensure that justice is done especially in case of a renowned spiritual organization such as the one founded by Osho."

Swami Prem Geet, Osho Friends Foundation,said, "We, the disciples of Osho are seeking to protect the legacies of BhagwanShreeRajneesh. The legacies of Osho are national spiritual heritage which will benefit several generations to come. Our appeal to the Government ofIndiacomes in the backdrop of the Osho Ashram trust properties being siphoned outsideIndiaby foreigners and serious offences of money laundering and forgery of Osho's will, reported against them. We therefore urge the Hon'ble Minister to set up a full-fledged Commission of Inquiry into the operations and finances of all trusts of the Osho Ashram inPuneandMumbaiwith their links abroad."

The delegation contended that Osho's legacy was being systematically damaged and transferred overseas based on a forged will. The letter presented to the Minister stated that the intellectual properties and valuable articles of Osho have been smuggled outside ofIndiaby the present trustees and a handful of foreigners. These being priceless articles for Osho disciples are regrettably being traded in the international market for millions of dollars. Proceeds from Osho's books, discourses, Osho websites along with cash collected at the Ashram without receipts are being deposited in dummy trusts, private companies of trustees and a handful of foreigners. The letter further mentioned that a court case against the management cites INR1800 Croreas missing or transferred to private entities.

Hema Baweja, Osho Friends Foundation,said, "Hon'ble Minister Athawale has accepted our appeal and weare optimistic that his intervention will bring justice to the Osho Community and public at large as well as prevent the loss of revenues of the Government ofIndiain millions of dollars every year. We hope that a thorough investigation of all evidence by a central agency probe may be initiated along with an Administrator who would protect the Legacies of Bhagwan Rajneesh. The disciples of Osho are now looking up to the Central Government, seeking justice and an end to the criminal infiltration upon the heritage properties and invaluable assets comprising of the teachings of their beloved Osho Rajneesh".

Osho Friends Foundation

Osho Friends Foundation, registered under the provisions of the Maharashtra Public Trust Act, is a gathering of Osho disciples, friends and admirers proliferating Osho Work.The foundation is based inPune, India, and was established in 2011.

It is currently the complainant in several court cases inIndia, including the case involving a forged will of Osho created by the board members ofOsho International Foundation,Switzerland.http://oshofriendsfoundation.com

For further information, please contact:

Hema Baweja

Osho Friends Foundation,Pune

hemabaweja@gmail.com/oshofriendspune@gmail.com

+91 89208 36620

Photo:https://mma.prnewswire.com/media/1674867/Osho_Friends_Foundation.jpg

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Osho Friends Foundation appeals to Honble Minister of State for Social Justice & Empowerment, Shri Ramdas Athawale, soliciting appointment of an...

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November 3rd, 2021 at 1:45 am

Posted in Osho

Court remands 2 over alleged armed robbery | The Guardian Nigeria News – Nigeria and World News Nigeria The Guardian Nigeria News Nigeria and World…

Posted: at 1:45 am


Justice Mojisola Dada of an Ikeja Special Offences Court in Lagos State on Tuesday ordered the detention of Abdulrasaq Otegbeye and Sodiq Osho at the Kirikiri Correctional Center over the alleged armed robbery.

Dada ordered the remand of the defendants after they both pleaded not guilty to a four-count charge bordering on conspiracy to commit robbery, armed robbery, assault occasioning bodily harm and damage to property.

The state prosecutor, Ms Afolake Onayinka, informed the court that the defendants committed the alleged offences at 5.45 a.m. on June 19, 2019, at Macus Road, Alagbado Area, Lagos State.

The defendants while armed with a knife robbed Ms Olufunmilayo Babajide of her bag containing her bible, mobile phone and a cash sum of N500 and stabbed her on her wrist.

The duo also jumped over Mr Alvan Ifeanyis fence and destroyed his roof and ceiling, she said.

According to the prosecutor, the offences contravene Sections 173, 297(2) (a), 299 and 350 of the Criminal Law of Lagos State 2015.

The defence counsel, Ms Anthonia Otsokwa from the Office of Public Defender, requested for a short date of adjournment in order for her to file bail applications for the defendants.

The case was adjourned until Jan. 20, 2022, for commencement of trial.

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Court remands 2 over alleged armed robbery | The Guardian Nigeria News - Nigeria and World News Nigeria The Guardian Nigeria News Nigeria and World...

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November 3rd, 2021 at 1:45 am

Posted in Osho

Worker shortages across Southeast Asia may cause big delays in holiday shipping this year – Business Insider

Posted: October 21, 2021 at 1:49 am


A shortage of workers in several Southeast Asian manufacturing hubs is adding to the global supply chain crisis that is expected to wreak havoc on Christmas shipping.

Countries including Vietnam, Malaysia, and Thailand are still grappling with containment of the COVID-19 virus, causing disruptions in the movement of the workforce required to produce goods.

Those disruptions could cause major problems for retailers ahead of the holiday season.

"The rebound in economic growth in many of the world's largest consumer markets, including the US and EU, is boosting demand for ASEAN exports," Rajiv Biswas, chief economist for the Asia Pacific at research house IHS Markit, told Insider.

But the labor crunch in affected areas will persist, he said, leaving low-wage industries like manufacturing and agriculture vulnerable until border restrictions are eased.

In Vietnam, factories making clothing, footwear, and electronics are now facing worker shortages after tens of thousands left the business hub of Ho Chi Minh City after months of strict lockdowns.

Many workers who flocked to the city have returned to their rural homes, as they report fatigue and fear from the pandemic.

Earlier lockdowns had already caused problems, with Nike warning of "supply chain headwinds," while the delivery of Apple's iPhone 13 has also been delayed, the Nikkei reported.

Factories are now looking for ways to safely bring in workers again, according to local media outlet VnExpress. Doing that will likely further slow production down, as virus containment guidelines and protocols require additional time and administration.

Such safety measures are especially critical in a place like Vietnam, where only around 17% of the country is fully vaccinated, according to the Johns Hopkins Coronavirus Resource Center.

In Malaysia, the palm oil industry faces a similar issue, but with foreign migrant workers.

Malaysia produces about a third of the world's palm oil; the versatile, edible oil is used in various products, from chocolates to detergents and shampoo.

The country's palm oil industry, however, has long relied on migrant workers from countries like Indonesia and Bangladesh to harvest the crop.

As COVID-19 cases exploded in the country spiking over four times in two months to about 25,000 cases a day in late August the country put in movement restrictions and strict border controls. Migrant workers left the country in droves, and many have not been able to return, though the government has recently loosened restrictions to allow around 32,000 workers to return, according to the New Straits Times.

But that's less than half of the number of 75,000 workers the industry is short of, per the New Straits Times report.

Malaysian oil palm plantations have tried to entice local workers with higher pay to pick up the slack and use more machines. But locals are generally not interested in what they consider "dirty, dangerous and demeaning," Bloomberg reported.

In neighboring Thailand, factories and farms that once hosted over 1 million migrant workers from neighboring Myanmar have been hit by a double whammy.

Hundreds of thousands of them have left because of the pandemic, according to Frontier Myanmar. And Myanmar's military coup earlier this year has injected uncertainty and caused delays in work permit renewals, reported the Bangkok Post.

Thailand is a major manufacturer and exporter of vehicles, car parts, electronics, and food, and the labor crunch is hitting the supply chain, particularly in lower-end segments like farming.

The Thai labor ministry is looking to fill these positions with local workers, reported Bangkok Post.

But as with Malaysia's palm oil industry, Thailand may find the mission a tough order.

"They are jobs that Thai workers don't want to do," said Labour Minister Suchart Chomklin in a July interview with Reuters.

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Worker shortages across Southeast Asia may cause big delays in holiday shipping this year - Business Insider

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October 21st, 2021 at 1:49 am

Posted in Thai Chi

AMKIRI Announces an Investment of $3 Million – KFYR-TV

Posted: at 1:47 am


The beauty-tech company, that is seeking to revolutionise the fragrance segment, has raised the additional investment to increase D2C and licensing operations.

Published: Oct. 20, 2021 at 11:11 AM CDT|Updated: 13 hours ago

TEL AVIV, Israel, Oct. 20, 2021 /PRNewswire/ -- The beauty-tech company AMKIRI, has announced that that it has closed a $3 million financing led by Welltech Ventures for expansion and growth.

AMKIRI's vision is to push the boundaries of fashion and beauty care with its visual fragrance. Its product is a combination of a body ink infused with exhilarating fragrances that's applied as a temporary tattoo and a perfume all wrapped into one.

AMKIRI's technology is disrupting the segment by offering an entirely new, innovative and unique experience of "visual fragrance", with an endless range of temporary tattoo designs and sizes to always stay at the forefront of urban culture.

Amkiri's innovation is patent protected worldwide and its intellectual property bolstered by registered designs and trademarks.

AMKIRI brings endless creativity and multi-sensory self-expression to your daily ritual. Its technology brings a multi-dimensional experience into fragrance; it unleashes the fragrance breaking through the constraints of the traditional fragrance format and adding visual and physical elements to the experience. AMKIRI elevates and empowers the storytelling of fragrance and self-expression for both the individual and the brand.

Having launched in Israel, Poland and the US, AMKIRI intends on using the funds to further expand its scaling and sales in the US, Europe, and Asia through D2C and B2B channels, focussing D2C primarily on digital channels and social commerce using key social media influencers to build brand affintity and word of mouth awareness.

Amir Alroy and Galit Horovitz, Co-founders of Welltech Ventures: "We are delighted to add Amkiri, our debut in beauty-tech investment, to our portfolio. Amkiri's innovative first ever "visual fragrance" is a unique platform that combines scent and shape through an elegant and fun experience which could definitely improve the wellbeing of all of us. It's our pleasure to join the roster of investors that have been supporting the company."

Ido Pollak, CEO of Amkiri: "We are proud to have Welltech Ventures as a lead investor in the company. This is a real endorsement that beauty care is attracting huge interest in the broader Wellness sector. By working in partnership with our current investors: International Flavors & Fragrances Inc, Co-founder, Shoval Shavit and others I am confident that AMKIRI will reach new heights."

Contact details: Ido Pollak ido@amkiri.com

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SOURCE AMKIRI

The above press release was provided courtesy of PRNewswire. The views, opinions and statements in the press release are not endorsed by Gray Media Group nor do they necessarily state or reflect those of Gray Media Group, Inc.

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AMKIRI Announces an Investment of $3 Million - KFYR-TV

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October 21st, 2021 at 1:47 am

Posted in Investment

Further Expansion of U.S. Regulation of Foreign Direct Investment – JD Supra

Posted: at 1:47 am


The passage and implementation of the Foreign Investment Risk Review Modernization Act (FIRRMA) was the most significant change in U.S. regulation of foreign investment since the 1975 creation of the Committee on Foreign Investment in the U.S. (CFIUS) but changes to U.S. Foreign Direct Investment (FDI) laws and regulations continue.

If enacted, the proposed Foreign Adversary Risk Management Act(FARM Act) will expand the CFIUS definition of critical infrastructure to include agricultural production facilities and real estate. Similarly, recent changes by the U.S. Department of Commerce, Bureau of Industry and Security (BIS)now control certain genetic assemblers and synthesizer software, rendering thememerging technologies subject to CFIUS.

The FARM Act may become the latest expansion of CFIUS. TheFARM Act is a bipartisan bill cosponsored by Sen. TommyTuberville(R-Ala.), Sen. Ronny Jackson (R-Tex.) and Sen. Filemon Vela (D-Tex.). If passed, the FARM Act would designate the U.S. agricultural supply chain as critical infrastructure, extending CFIUS review to any merger, acquisition, transfer, joint venture, or other transaction that could result in foreign control of a U.S. business engaged in agriculture production and/or uses agricultural products. The bill also proposes to add the Secretary of Agriculture to CFIUS and requires CFIUS to report on foreign investments in U.S. agriculture to Congress.

However, the FARM Act would not be the first FDI protection of the U.S. agricultural supply chain. Rather, FIRRMA included provisions that established CFIUS jurisdiction upon the invocation of the Defense Production Act (DPA). More specifically, the FIRMMA list of critical infrastructure included the following language:

manufacture any industrial resource other than commercially available of-the-shelf items . or operate any industrial resource that is a facility, in each case,that has beenfunded, in whole or in part, by [] (a) Defense Production Act of 1950 Title III program..

Additionally, the FIRRMA definition of covered transactions includes the following language:

(d)Any other transaction, transfer, agreement, or arrangement, the structure of which is designed or intended to evade or circumvent the application of section 721.

Title III of the DPA allows the President to provide economic incentives to secure domestic industrial capabilities essential to meet national defense and homeland security requirements. The DPA was invoked by former President Trumps COVID-19-related Executive Orders regarding medical supplies and food production. As a result, even non-controlling foreign investments in U.S. medical or food producers that received DPA funding are subject to CFIUS review and continue to be for a period of 60 months following the receipt of any DPA funding.

On October 5, 2021, BIS amendedthe Export Administration Regulations (EAR) to require licenses for the export of certain genomics software and tools that can be used for designing or manufacturing biological weapons. In doing so, BIS amended the Commerce Control List to add two new U.S. Export Control Classification Numbers (ECCNs) that target software utilized for certain nucleic acid assemblers and synthesizers capable of designing and building functional genetic elements from digital sequence data,as well as tools used to develop the software and assemblers.

More specifically, an export license for certain countries will be required for software determined to be within ECCN 2D352 based on chemical and biological weapons (CB) and anti-terrorism (AT) risks. Similarly, ECCN 2E001 will require an export license for certain countries for technology used for the development of software controlled by 2D352. In short, technology classified under ECCN 2E001 is controlled for the same CB and AT risks as ECCN 2D352 -- requiring an export license for designated countries.

Based on the foregoing, genomics software and development tools determined to be within ECCN 2D352 and 2E001 will also be considered critical technology under CFIUS. As a result, U.S. businesses that design, develop, or produce certain genomics software and development tools will be subject to CFIUS if they accept FDI.

The recent export re-classification of genomics software and development tools and the proposed FARM Act reinforce the need to be mindful of U.S. FDI requirements for transactions involving changes in foreign ownership, control or influence, and the need for early diligence as part of any transaction involving international investment.

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Further Expansion of U.S. Regulation of Foreign Direct Investment - JD Supra

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October 21st, 2021 at 1:47 am

Posted in Investment

NATO plans AI strategy, $1B investment fund as it seeks to stay ahead in tech realm – Stars and Stripes

Posted: at 1:47 am


NATO Secretary-General Jens Stoltenberg, seen here in an undated file photo, announced Oct. 20, 2021, in Brussels that the organization will unveil its first strategy for the use of artificial intelligence. (NIDS/NATO Multimedia Library)

NATO will adopt its first strategy on artificial intelligence and launch an innovation fund this week with the aim of investing $1 billion to futureproof the 30-nation security pact, Secretary-General Jens Stoltenberg said Wednesday.

We see authoritarian regimes racing to develop new technologies, from artificial intelligence to autonomous systems, Stoltenberg said at a news conference at the alliances Brussels headquarters.

U.S. Defense Secretary Lloyd Austin will join his NATO member counterparts Thursday in Brussels to formally approve the plans during two days of talks.

Stoltenberg said he expects the new NATO fund to invest in emerging and disruptive technologies. New headquarters and test centers will be set up in both Europe and North America to support the effort, he said.

We must keep our technological edge, Stoltenberg said. Future conflicts will be fought not just with bullets and bombs but also with bytes and big data.

The alliances artificial intelligence strategy will integrate areas such as data analysis, imagery and cyberdefense, he said.

During the past couple of years, NATO has expanded beyond its traditional focus of land, sea and air operations to adapt to a more complicated security environment.

Last year, it established a new center at Ramstein Air Bases Allied Air Command to coordinate efforts in space, which was declared a new domain of military operation for the alliance. And in 2017, allies also added cyber as a military domain.

In Brussels, ministers also will discuss military efforts to deter potential Russian aggression as well as the overall state of relations with Moscow, which Stoltenberg said are at their lowest point since the Cold War.

Earlier this week, Russia announced it was closing its diplomatic mission to NATO in retaliation for the expulsion of eight members of that entourage who NATO accused of being intelligence operatives.

Still, Stoltenberg said, NATO remains open to the possibilityof dialogue with Moscow.

Calling Russia NATOs biggest neighbor, Stoltenberg said there is no way you cannot talk to them.

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NATO plans AI strategy, $1B investment fund as it seeks to stay ahead in tech realm - Stars and Stripes

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October 21st, 2021 at 1:47 am

Posted in Investment

Release of the 2021 Responsible Investment Brand Index – WAFB

Posted: at 1:47 am


Asset managers struggle to incorporate ESG in their brands and must emphasise their role in the construction of a safer and fairer future.

Published: Oct. 20, 2021 at 12:00 AM CDT

GENEVA, Oct. 20, 2021 /PRNewswire/ -- At first glance, the 2021 RIBI results indicate a 'one step forward, two steps backward' dynamic for the asset management industry. While great strives are being made to incorporate ESG measures consciously, only one asset manager out of six makes into the coveted Avant-Gardists category.

On a regional basis, Europe is leading the way. A full quarter of European asset managers link their Reason-for-being (Purpose) to generating monetary returns for investors as well as thinking consciously about advancing society as whole (up nearly 6% vs. 2020).

Global Top-10 Companies 2021:

1. Federated Hermes International

2. AXA Investment Managers

3. Schroders

4. Candriam

5. NN Investment Partners

6. DPAM

7. Mirova

8. Etica SGR

9. BNP Paribas Asset Management

10. Sycomore Asset Management

This is in stark contrast to the North America region, where an equal number of companies (nearly half) state a Purpose, but less than two in 10 asset managers are making the link to connecting their ambitions to societal goals. As the largest region in terms of both the number of players as well as total assets under management, this offers cause for concern.

Join our short global launch webinar today at 15:00 CET: web.ri-brandindex.org/ribi-launch-2021

The full 2021 Responsible Investment Brand Index (incl. regional level and country-level Top-10), methodology and further information is available at http://www.ri-brandindex.org.

About the Index

RIBI identifies which asset management companies act as responsible investors and commit to sustainable development to the extent that they put it at the very heart of who they are, i.e., in their brand. It aggregates the analysis of all 539 asset managers listed in the Investment & Pensions Europe Journal Top 500 as of December 31, 2020.

Media contact: Lucas Moergelin, +41 44 254 80 00, contact@ri-brandindex.org

Photo -https://mma.prnewswire.com/media/1661479/Brand_Index_RIBI_Category_Ranking.jpg Logo -https://mma.prnewswire.com/media/1661699/RIBI_Logo.jpg

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SOURCE Hirschel & Kramer Responsible Investment Brand Index - RIBI

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Release of the 2021 Responsible Investment Brand Index - WAFB

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October 21st, 2021 at 1:47 am

Posted in Investment

Britain strikes green investment partnership with Bill Gates – Reuters

Posted: at 1:47 am


LONDON, Oct 19 (Reuters) - Bill Gates is working with the British government to invest and bring down the cost of new greener technologies to help countries hit net-zero emission targets by 2050.

Speaking at a Global Investment Summit alongside Prime Minister Boris Johnson, Gates said investment was needed to further develop new technologies that were currently too expensive for the consumer market.

Gates said he would work with the UK to identify which projects should be backed, and that he expected at least one of the projects to be ready to scale up in the next five years.

"We will scale those up and bring down that cost, so we'll get these to the same place we are today with solar and onshore wind, and so they can be scaled up to reduce emissions," he said.

Bill Gates arrives at the Elysee Palace in Paris, France, April 16, 2018. REUTERS/Charles Platiau/File Photo

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Johnson's government said the 400 million pound ($552 million) partnership would supercharge green tech investment across the country, including in areas such as green hydrogen, long-term energy storage, sustainable aviation fuels and direct air capture of carbon dioxide.

Gates, the co-founder of Microsoft, made the commitment through his Breakthrough Energy Catalyst which brings together a coalition of private investors who want to back innovation to tackle climate change.

Britain has already pledged at least 200 million pounds to the development of new UK projects, and investors and businesses in the Gates project will match that sum.

($1 = 0.7251 pounds)

Reporting by William James; writing by Kate Holton; editing by Alistair Smout

Our Standards: The Thomson Reuters Trust Principles.

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Britain strikes green investment partnership with Bill Gates - Reuters

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October 21st, 2021 at 1:47 am

Posted in Investment

Jim Cramer blasts ‘bearish billionaires,’ says it’s time to stop taking their investment advice – CNBC

Posted: at 1:47 am


CNBC's Jim Cramer on Wednesday blasted "bearish billionaires," saying everyday investors ought to stop listening to their stock market calls.

"It's time the end this ridiculous charade of bearish billionaires who've been negative for ages being allowed to come on air and say everything they want about how bad things are, even as you've made so much more money being positive than they have in the last few years," the "Mad Money" host said.

"You can't take investment advice from oligarchs no matter how smart they sound, because they have a very different set of priorities and a very different agenda from you, and we need to stop pretending otherwise."

Compared to everyday investors like the viewers of his show, Cramer said super wealthy people can afford to have "total contempt" for the stock market and take minimal risk.

"You only need to get rich once," Cramer said, adding that once the "mega rich" reach that pinnacle, the one true threat to them is inflation because it erodes the value of their dollars. By contrast, many hourly workers in the U.S. are seeing their wages go up right now, he said.

"I think many of the wealthy, wittingly or unwittingly, are pulling up the ladder behind them by scaring you away from the stock market with horror stories about the dangers of inflation lurking everywhere," Cramer said.

Cramer said it goes beyond dire inflation warnings of late.

"They're also scaring you away from some of the best stocks in the market that really don't have anything to do with inflation at all," he said, highlighting Tesla, Amazon and Netflix as examples.

"Rich and powerful people spent years coming on air and talking trash about all three," Cramer said, but he contended they've become some of the most successful companies of all time.

Aside from a few exceptions, Cramer urged retail investors to stop taking their cue from "super-rich money managers."

"Do you think it's a coincidence that so many hedge fund guys made giant bets against [Tesla, Amazon and Netflix] and lost? I don't think so," Cramer said.

"The people behind those companies wanted to create wealth for their shareholder; they were willing to take huge risks for you in order to help you get rich long with themselves. If you held their stocks for long , that's exactly what you did," he said. "That's huge for the vast majority of people, but if you've already got a billion dollars, it's meaningless, which is why they have no appreciation for these companies or their evangelical leaders."

Disclosure: Cramer's charitable trust owns shares of Amazon.

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Jim Cramer blasts 'bearish billionaires,' says it's time to stop taking their investment advice - CNBC

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October 21st, 2021 at 1:47 am

Posted in Investment


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