Tag Archives: Furthermore

America’s Cup 2021: Former England challenger Peter de Savary backs England’s Ineos Team to beat Team New Zealand for Auld Mug | Instant News


A former America’s Cup contender and multi-millionaire businessman predicts Ineos Team UK will not only beat Luna Rossa in the upcoming Prada Cup final – but the Sir Ben Ainslie syndicate will go a step further and beat Team New Zealand for the Auld Mug.

In an interview with TimeThe 76-year-old businessman and former America’s Cup sailor Peter de Savary said Team England’s incredible return after the World Series disaster in December was proof they could solve Britain’s 170-year drought.

Ainslie and Co failed to win a single race – and remained in the breeze – in December’s four-day regatta before sweeping it all before them in the Prada Cup robin round to book a place in the final against Italy.

The best Prada Cup final of 13 kicks off on Saturday, with the winners advancing to next month’s Copa America tie against defender Team New Zealand.

“If I were a gambler, I wouldn’t put my money in New Zealand; I would put a lot of money on Ben Ainslie,” said De Savary. Time.

“I was obviously concerned about Ben when I saw the performance before Christmas, but I was sure he would make things right and of course he has.

“Apart from being a very nice and pleasant person and a very nice and polite person, he is the most phenomenal sailor – he has a good boat, he has the best technology he can have and he has a very well funded campaign. himself in absolute prominence. “

Britannia has shown speed to compete with Te Rehutai of Team New Zealand, according to Peter de Savary.  Photo / Dean Purcell
Britannia has shown speed to compete with Te Rehutai of Team New Zealand, according to Peter de Savary. Photo / Dean Purcell

De Savary, whose 12-meter-class Victory ’83 yacht was the last from England to reach the final of the 38-year-old series before losing 4-1 to Australia, said Ainslie’s adaptability and newfound speed from Britannia had what it took to trump TNZ.

“Ben has proven that he can react very quickly, so there is plenty of room for this boat and this team to develop. I’m sure you will see him in the next series of races. In the Copa America, he will react to New Zealand, boat race after race, and tailor the campaign, “said De Savary.

“It’s very difficult in this sport to find someone with Ben’s qualities, abilities and personality,” he said. “[He] has demonstrated an ability to give confidence to its financial backers [billionaire co-founder of Ineos, Sir Jim Ratcliffe] and I can’t think of an area relevant to the Copa America that he’s not good at. “

Former America's Cup sailor and England businessman Peter de Savary supports Ben Ainslie to solve a Cup drought that lasts 170 years.  Photo / Getty Images
Former America’s Cup sailor and England businessman Peter de Savary supports Ben Ainslie to solve a Cup drought that lasts 170 years. Photo / Getty Images

Bringing Mug Auld back to England would be the highest achievement in sailing, said De Savary.

“Of course if Ben wins the Copa America there will be tremendous praise … it will be something we can all be proud of and be proud of. It’s a good feeling – we need something that makes us feel good right now, so it will make us feel good. proud to be a powerful drug against this bloody virus. “

Asked what advice he would give Ainslie ahead of his must-win match with Jimmy Spithill’s Luna Rossa, De Savary said confidence was key.

“Ben is a very focused person … but he has to have total confidence in himself and his team. He must not doubt himself, his team, his boat for a minute – nothing is more confident when you are in any competition. and, obviously, this is the last competition for him. “

Towards a Cup race?

• Give yourself plenty of time and think about taking the ferry, train, or bus to watch the Cup.

• Make sure your AT HOP card is in your pocket. It’s the best way to ride.

• Don’t forget to scan the QR code with the NZ COVID Tracer app when taking public transportation and entering America’s Cup Village.

• For more ways to enjoy race day, visit at.govt.nz/americascup.

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Two sharks seen in waters off Auckland’s East Coast | Instant News


Two sharks, believed to be Great Whites, have been spotted in Auckland’s Hauraki Bay this morning. Photo / Getty Images

Further shark reports on a second beach east of Auckland came after swimmers were warned to stay out of the water after two large sharks – one the size of a small boat – were spotted near shore this morning.

And, for the second day running, sharks were spotted off Muriwai Beach on Auckland’s west coast, triggering a warning for beachgoers.

This morning the Auckland Council warned swimmers and recreational boats on the East Coast to exercise caution after confirmation of the location.

Now another sighting further south on Maraetai Beach has emerged from a couple who saw a large fin cut through the water around 8 a.m.

At least two sharks, believed to be great white sharks, have been seen just 600m from shore.

Someone who was out in the water and saw the couple said they were at least 5m long, measuring slightly less than his specialty.

“We were in a boat that was 26 feet (8 m) long and next to one of them,” said Boatie, who asked not to be identified.

“They were huge. We went back in. We didn’t want to be out there, to be honest.”

He said he informed the Coastguard about the harm they caused.

“We are more worried about the kids on the beach and the people on the jet skis,” he said.

The last suspected sighting of a shark occurred this morning when a couple on the coastal trail of the Maraetai Beachlands saw a large fin zooming through the water.

“While returning between 8-8.30am we saw a large bluefin moving very fast in the waters of the Maraetai towards the Omana Esplanade,” said Deepali Kohli.

He said there was a possibility that the threat was much wider than the East Coast.

For a second day, swimmers and surfers at Muriwai Beach have been warned of a new threat after Auckland’s popular west coast was cleared due to yesterday’s shark sightings.

A warning was posted on the Auckland Council’s Safeswim website this morning, advising against swimming at Muriwai Beach.

It said sharks had been spotted and had to be careful.

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Switzerland asks for mass testing for coronavirus | Instant News


(MENAFN) On Wednesday, the Swiss Federal Council announced further steps to follow the spread of COVID-19, promoting mass testing in the region.

From February 1, monitoring of asymptomatic individuals will be approved and the costs will be borne by the federal government, the Council said at a news conference it shared hope that agencies would monitor on a mass scale such as “local outbreaks of infection can be contained in the first place.”

“It is believed that more than half of COVID-19 infections are transmitted by people who are asymptomatic,” the Council statement said.

“By expanding the testing strategy, the government hopes that local virus outbreaks, for example in schools, can be identified and treated early,” he said.

Legal Disclaimer: MENAFN provides information “as is” without warranty of any kind. We are not responsible or liable for the accuracy, content, images, videos, licenses, completeness, legality or reliability of the information contained in this article. If you have a complaint or copyright issue related to this article, please contact the provider above.

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Cushman & Wakefield: The Impact of COVID-19 on Swiss Real Estate | Instant News


The COVID-19 case count was out of control so the Federal Government decided to take further action. The number of customers per square meter in shops has been reduced, there is a two-household rule for private meetings and restaurant visits, and now there are various restrictions for ski resorts. In addition, the Federal Government continues to advocate working from home.

Housing

Net yields for Swiss residential properties have remained stable during the COVID-19 pandemic. Vacancy rates in major cities such as Zurich and Geneva remain very low with stable average rental prices of CHF / sq m 330 in Zurich and CHF / sq m 370 in Geneva. Interest rates are expected to remain low until at least the end of 2021, which makes residential properties in sought after locations still a profitable investment for pension funds, other institutional investors, and wealthy private investors.

Office

The office markets in Zurich, Geneva and Basel remained stable during 2020. Prices fell slightly in the middle of 2020 but jumped again towards the end of the year. The vacancy rate in Geneva remained the same (5%), office space in Basel increased slightly from 1.8% to 2.2% and in Zurich the vacancy rate fell from 1.4% to 1.1%. The median rent per square meter is CHF 360 in Zurich, CHF 240 in Basel and CHF 470 in Geneva. In suburban locations and locations with weaker infrastructure, the impact of COVID-19 is visible. Economic prospects as well as the increasing demand for a modern work environment make this location less desirable. Potential tenants at peripheral locations are very price sensitive, which causes prices to drop.

Retail

The rental price for retail space on the Zurich highways increased to CHF / m2 440 from CHF / m2 400 at the start of the year. Retail properties in the cities of Basel, Lausanne, Berne and Geneva also saw a slight increase in rental prices. Non-food retail spaces that are located within walking distance of the highway and on the outskirts are experiencing a decrease in demand resulting in lower prices.

In short, the demand for real estate with stable cash flow in a good location remains high among Swiss investors. Net yields for residential, CBD offices and highway retail properties were almost unchanged. The results for offices and retail in secondary locations have increased markedly.

October 29

The number of new COVID-19 cases has increased almost exponentially over the past few weeks, and to date, the federal government in Switzerland has decided on some additional measures that will have a drastic impact on everyday life.

Meetings in public spaces and private events are now limited to 15 and 10 people, respectively, and masks have to be worn almost everywhere.

Sports and cultural activities are limited to some extent which makes them largely impossible. Nightclubs must be closed and there is a curfew from 23.00 to 6.00, universities should switch to distance learning, and working from home is strongly recommended.

The appetite for real estate investing remainshigher, also driven by Swiss pension funds and insurance companies whose cash surpluses increased during the first lockdown.

We’ve seen a lot of traction on transactions related to property types including:

  • residence;

  • mixed use; and

  • commercial / industrial including development.

Investors still look at the core office, but currently there are only smaller properties on the market. We expect most of the ongoing deals to close before the end of the year – now that being used to the pandemic situation most investors have experience on how to deal with it.

The demand for office space from occupants fluctuates, with some companies still securing large spaces for the foreseeable future, while others are now focusing on more flexibility.

August 19

The pandemic COVID-19 outbreak caused the most serious decline in economic activity in Switzerland in more than four decades. Although there are signs of easing in the business situation, there is still a measurable drop in demand.

Swiss economic development will continue to depend on the pandemic. In the updated scenario, the leading Swiss Institute of Economics predicts that output will shrink by 4.9% this year, based on the assumption that the possible increase in new infections in the winter months can be contained.

However, the Swiss economy weathered the crisis relatively well compared to other European countries, with the GDP growth rate for 2021 estimated at 4.1%. Residential real estate and certain core products are crystallizing as safe havens for investors, and the importance of new asset classes such as Data Center be elevated.

August 5

Switzerland has had very few new COVID-19 cases since mid-May, so by June most of the restrictions had been lifted. As the number of cases increased slightly in July, it is mandatory to wear masks on public transport and self-quarantine for ten days after entering Switzerland from high-risk areas. Business continues as usual.

The corporate invaders are bringing people back to their offices (with and without social distancing) and there is debate as to whether they will try to reduce their existing footprint. While we have several examples of companies placing excess space in the market, this appears to be related to the difficult economic situation and decreased business turnover compared to implementing alternative workplace strategies.

Office and retail activities are on the rise again as tenants with expired leases are looking for attractive opportunities. Even with slightly less than usual demand, due to low supply, the main German-speaking Swiss centers show a paradoxical increase in market rents in certain sub-markets (eg Zurich CBD). However, the disparity in office vacancy rates and market rental rates is expected to widen between city and suburban locations.

The funding situation of Swiss institutional investors has not changed, and they are still looking to invest in both core and core + real estate with a home bias. The big deal that started before COVID is now continuing, with the sale of the 53,000 square meter Glatt Center in Zurich and other significant deals having been announced recently.

23 April

Last Thursday, the Federal Council announced plans for a ‘way back’ to a ‘new normal’:

  • April 27: some shops can be reopened, such as: hairdresser, DIY / garden center, flower shop

  • May 11: all retail stores can be reopened, schools too

  • June 8: the university will reopen, as well as a museum and zoo

The borders are still more or less closed, people are still told to stay at home and work from home. There is no set date for reopening the restaurant, bar, coffee shop and sports facilities. This says about 75% of Swiss companies are still working normally.

The commercial real estate market began to react to the economic slowdown. Landlords with restaurants and shops in their portfolios face a lot of pressure to reduce rents or even waive rents. We see that the retail real estate sector and the hospitality and leisure industry are temporarily near ‘dead’. In the office market, we see transactions go further as if nothing has changed and others are delayed or even stopped. In the investment market we see that the transaction process has not started, some are postponed, some transactions are still closed.

April 16th

Since last week, lock entry Switzerland has extended to 26 April. Schools, universities, shops (grocery store, gas station still open) and restaurants remain closed.

April 9th

In Switzerland, the lockdown was announced on March 13. Schools, universities, shops (grocery store, gas station remain open) and restaurants are closed at least until April 19. People were told to stay at home. Offices, construction sites and factories are still functioning – although everyone is asked to work from home whenever possible.


The authorities have developed several packages to try to help those affected by the actions being taken by the Federal Council (Bundesrat). As:

  • Loan

  • short working time for all sectors

The commercial real estate market began to react to the economic slowdown. Landlords with restaurants and shops in their portfolios face pressure to reduce rents or even waive rents – at least until the end of the closure.

Although some landlords are already facing difficulties obtaining leases for commercial space, the real estate industry has not reacted so far.

There is no clear vision for the future, but the retail sector appears to be ‘dead’ for now, especially as all shops are closed now.

There is also uncertainty in the office market. Some transactions are running as normal while others have been postponed or even stopped completely.

In the investment market we see transaction processing not starting, some being delayed, some being closed. The pricing still looks quite high and unchanged.

Denial

Cushman & Wakefield plc publish this content on January 14, 2021 and take full responsibility for the information contained therein. Distributed by the Public, unedited and unaltered, at 14 January 2021 20:37:02 UTC

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Canva unicorn Australia seeks further global expansion | Instant News


SYDNEY – Australian design software company Canva has expanded its business and is now looking for acquisition opportunities with its cash pile rising sharply of late.

Sydney-based Canva is one of Australia’s rare unicorns – a private startup valued at over $ 1 billion. It is worth $ 6 billion after the $ 60 million funding round ended around June this year.

It operates a graphic design software application that allows users to create professional quality posters and business cards using a personal computer, smartphone, or tablet. The company’s eponymous software has about 35 million users in about 190 countries and regions, in a rapid development of 15 million users as of May 2019.

Users can choose from 8,000 free templates divided into categories such as “invites”, “CVs”, and “Instagram posts,” and from 100,000 paid templates starting at a monthly fee of $ 9.95.

Text or photos can be inserted into customized templates and layouts, no design skills required.

This service is inspired by the experience of Canva CEO Melanie Perkins when she was a student aged 19 years. Seeing a business opportunity when she had to use non-user-friendly design tools in class, she started a service from the living room of her mother’s house that allowed users to create school yearbooks online. She released Canva in 2013.

Demand grew rapidly during the coronavirus lockdown, with Canva’s software allowing people to share designs online and work together, remotely.

Given the now widespread work-from-home practice, corporate users of highly productive design platforms like Canva are on the rise, said Cliff Obrecht, the company’s head of operations.

As more and more companies are trying to cut costs, users of Canva, which is a high-quality, inexpensive design tool, are increasing at an exponential rate, according to the company.

Canva’s main market is the US, which has opened offices in Austin, Texas.

The company is also interested in acquiring a business for further expansion. “We will continue to monitor and evaluate acquisition opportunities,” said Obrecht.

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