Despite the still great heat, some cafes in Zagreb have been serving ice-free drinks these days.Along with the drink, they only got a straw with the inscription “Wondering why there is no ice? It would be more cool if you would do something about global warming. ” The message is a new campaign by WWF, one of the world’s largest and most reputable independent nature conservation organizations, with which they shared a few simple tips on how each of us can reduce climate change on a daily basis.The guests of the cafe could get ice only if they shared a photo of their drink and a message via social networks and thus spread the information to their friends. To begin with, Brewbites Zagreb joined the action, and the action was designed by the team of the Bruketa & Žinić OM agency. “Climate change is a big problem today, and if we don’t do something, an even bigger problem will be tomorrow. With this, we are conducting an action to make people aware of how each of us can help. Don’t just sit back and watch the ice melt! “, They say from WWF Adria.No matter how hard WWF and other environmental activists, as well as various scientists, try, the impression is that citizens are indifferent and look at climate change as a myth. Of course, such an opinion is greatly influenced by various lobbies and media, but again it is up to each individual to be informed and educated, especially when we talk about the future of the Earth, if not for us, then for our children.Responsible and sustainable tourism is the only direction and the very essence of tourism, because if it is the opposite, the destination and resources are destroyed, and so is tourism. you know the famous one: Don’t cut the branch you’re sitting on. Of course, as climate change globally, it directly affects the entire Earth, including tourism. More droughts lead to the collapse of agriculture and a greater burden on the entire infrastructure network, and vice versa when we have more rainfall, rising sea levels, major storms, changing sea temperatures that change the entire Adriatic ecosystem, which unfortunately happens a bit with the arrival of invasive species enemies etc…Do you think that this year’s storms, especially the number of them in a short time, which affected Istria are normal and average? Droughts in Slavonia too? The emergence and spread of invasive species, ie predators in Istria this year due to the warming of the Adriatic, which destroyed the Black Sea fishery, is it accidental? Will the arrival of tropical shark species, if sea warming continues, which are dangerous to humans affect tourism?We have to prepare, says Vjeran Piršić, president of the Eco Kvarner association, agriculture and tourism will not be the same in 20 years. “We can imagine that with rising sea levels, with higher extremes, more rainfall causing rainfall and flooding in our coastal areas, there are longer dry periods – it will not be possible to have agriculture and tourism in the way known so far. It remains to be seen what can be done locally to prevent the possible consequences of climate change” said Piršić in the announcement of a series of lectures: Why do we think that already started climate change is threatening the collapse of the economy in Croatia ?. You can watch the lecture from Pula here, or you can still stick to the status quo and pretend that everything is fine and that climate change is a myth.Climate change is an event, both globally and in Croatia, but unfortunately we do not want to see it. Man is the main culprit, so man can fix things for the better or at least prepare and mitigate the consequences, of course if it is not too late.Related news: VJERAN PIRŠIĆ, ECO KVARNER: THE FUTURE OF CROATIAN TOURISM LIES IN SUSTAINABLE TOURISM WHERE NATURAL RESOURCES, BUT ALSO NATURAL OPPORTUNITIES OF A CERTAIN ENVIRONMENT WOULD BE RESPECTED IN THE FIRST RIGHT
zoom Tanker owner Team Tankers International saw its net loss for the third quarter of 2017 widen significantly, mainly due to vessel impairment charges as chemical tanker sector remained challenging.Net loss in the third quarter ended September 30 was USD 36.3 million, or USD 7.5 million excluding a USD 28.8 million vessel impairment charge recognized in the period. The company’s loss in the same quarter a year earlier stood at USD 4.2 million.The average time charter equivalent (TCE) rate for the fleet was USD 10,136 per day this quarter, representing a decrease of 7.2 percent compared with USD 10,926 earned per day in the third quarter of 2016.“Market conditions in the chemical tanker sector remain challenging. Team has the balance sheet to go on the offensive and is poised to take advantage of compelling cyclical investment opportunities,” Hans Feringa, President & Chief Executive Officer of Team Tankers, said.During the quarter, Team Tankers sold the 8,674 dwt vessel Tour Margaux and the 12,888 dwt Sichem Dubai for a total of USD 11.4 million and replaced capacity through time charter-ins of the 12,959 dwt Leon M in July, the 9,500 dwt Black Star in August and the 9,500 dwt Blue Star expected in November.For the first nine months of 2017, Team Tankers’ loss stood at USD 49.9 million, against a loss of USD 4.1 million seen in the same nine-month period of 2016. Excluding the vessel impairment charge of USD 28.8 million, the net loss for the nine months ending September 30, 2017 was USD 21.1 million.At the end of September 2017, the company’s fleet consisted of 40 vessels, of which 30 were owned, 1 was on a financial lease and 9 were classified as operational leases.
Taiwanese tech giant Foxconn Technology plans to make long-term investments in India, giving a fillip to Prime Minister Narendra Modi’s ‘Make in India’ initiative.The company is in discussions with the Gujarat-based Adani Group and other domestic firms to establish manufacturing plants in the country.”We are very encouraged to invest in India but a decision is not final yet,” said Foxconn chairman and CEO Terry Gou, who is on an India visit for the second time in less than two months.Gou, who met PM Modi on Tuesday, said the company is “very interested” in many government programmes including Make in India, Skill India, Digital India and Clean India.”We don’t want to be just manufacturers or assemblers but we want to get the whole supply chain… We are looking at long term hi-tech investment…. from a five to 10 year view,” The Indian Express quoted Gou as saying.During his earlier visit, the chairman had said the company was planning to create minimum one million jobs in India by establishing 10-12 manufacturing units in the country by 2020.According to the Economic Times,. the investment funnelled out over the next five years will be around 2 billion (Rs 12,800 crore).Foxconn, the world’s largest contract manufacturer, is also looking to establish data centres and incubators in cities such as Delhi, Mumbai, Bengaluru and Hyderabad, besides investing in domestic Internet start-ups, small and medium enterprises and handset manufacturers.Currently, Foxconn manufactures iPhones and iPads for Apple and Kindle e-book readers for Amazon Inc, besides making electronic equipment for top global tech firms such as Cisco, Dell, Microsoft and Hewlett-Packard.Gou said Foxconn is looking to partner with billionaire Gautam Adani’s Adani Group to set up electronics manufacturing units in the country.”We will be working very closely with them,” he said, without giving any details on a “possible deal” with Adani.He also said the company is in talks with local tech companies including Micromax and Snapdeal.Gou also confirmed Foxconn’s investment in the country’s second largest e-commerce firm Snapdeal, without giving any details on the transaction, Livemint reported.A Bloomberg report on Monday said that Snapdeal is in plans to raise nearly $500 million, with Chinese Alibaba Group and Foxconn as the main investors.Without mentioning the exact locations, Gou said the company is evaluating states including Andhra Pradesh, Gujarat, and Maharashtra to set up manufacturing facilities.He highlighted “logistics, supply chain, supply risk, infrastructure, particularly power, carbon emissions and land acquisition” as some of the concerns for the company to set up “manufacturing and exporting facilities in India.”
England, Wales and Northern Ireland have all managed to qualify for the knockout stages of Euro 2016, with optimism high that they can progress further. Wales and Northern Ireland face each other in Paris on 25 June, guaranteeing one of them a place in the quarter finals. England on the other hand will fancy their chances against an Iceland team ranked 34th in the world when they meet two days later.Who could benefit from continued home nations success?Looking at the business world, there are a number of areas where companies could profit from a good run by the three home nation teams. I would concentrate on companies in the following areas:Sports retail: i.e. companies selling replica shirts, balls and footwear.Branded sportswear makers: those making the official replica kits and football paraphernalia.Pub chains: judging from the crowds in the pubs every time a home nations game is on the television, pubs should clearly benefit.Bookmakers: football betting has clearly been a huge winner from the Euros.Media: Bigger TV audiences for Euro 2016 games mean bumper advertising revenues for the TV companies showing the games.Takeaway food: Pizzas for sharing and other takeaway food are much in demand for football nights in with friends.1) Sports retailers: JD Sports, Sports DirectThe most obvious beneficiaries are the sports retailers JD Sports (UK code: JD.) and Sports Direct (UK code: SPD).In fact, JD Sports even stated just last week that they had been recently benefiting from a further boost to sales from the Uefa Euro 2016 Tournament, which has boosted their profitability.Sports Direct has been in the news this month as founder Mike Ashley appeared in front of a House of Commons committee to discuss the groups controversial employment practices. But this has probably taken the limelight away from what should be a strong trading performance for the retailer this summer.And let us not forget, later on this summer we also have another huge sporting event, the Rio Olympic Games, which could trigger further enthusiasm for sports in general, including disciplines where Team GB have been traditionally strong like track and road cycling (think Halfords, UK code HFD).2) Sportswear makers: AdidasWho makes the kit for the Wales football team? The sports brand Adidas which is listed on the Xetra Stock Exchange in Germany (German code: ADS), who also make the official Euro tournament football.Just like JD Sports, Adidas has performed strongly in share price terms since the beginning of 2015, up nearly 100% over the last year and a half (Chart 1).3) Pub chains: JD Wetherspoon, Greene KingPubs around the country have been full to brimming every time a home nation game has been shown â€“ that has got to be good news for pub chains such as JD Wetherspoon (UK code: JDW) and Greene King (UK code: GNK).As an example of the boost to pub drink sales, Welsh pubs recorded an impressive 41% rise in takings between 5pm and midnight on the night of the Wales-England football game, compared to an average Thursday in June. In England, the equivalent increase was 32%, so good, but not as good as in Wales.4) Bookmakers: William Hill, Paddy Power Betfair, LadbrokesBookmakers should be making hay from the Euro 2016 championships, judging by the avalanche on in-play online betting advertisements that are shown at each half-time.The three main listed UK bookmakers are: Paddy Power Betfair (UK code: PPB), William Hill (UK code: WMH) and Ladbrokes (UK code: LAD).Online betting rivals Bwin has previously stated it expected the Euro 2016 tournament to drive its growth this year.5) Media (Advertising): ITVWell, the TV broadcasting rights for the Euros are being shared by the BBC and ITV. So, the longer the Home Nations remain in the tournament, the better for ITVs (UK code: ITV) advertising revenues.Back in March at the time of their last results announcement, the TV broadcaster predicted it would outperform the UK TV advertising market this year, boosted in particular by strong advertising revenues around Euro 2016.Note that ITV is being forecast strong growth in pre-tax profits over the next three years, as a function of advertising growth as well as growth in sales of its TV productions.6) Takeaway Food: Dominos Pizza, Just EatOn those football nights when you want to share some quick and easy food with your mates while gathered around the box, takeaway food specialists Dominos Pizza UK (UK code: DOM) and Just Eat (code: JE.) should profit from a boom in online and telephone orders.Dominos Pizza UK, which runs all the franchises in the UK, has enjoyed a phenomenal run of growth over the last few years, posting 16% growth in sales in 2015 (Chart 3).Of all of these companies, I find both Sports Direct and ITV of particular interest, as I expect them to continue to generate decent growth while currently trading at attractive valuation levels.