GVC

Matic Insurance Launches New Partnership with GVC Mortgage

Retrieved on: 
Tuesday, February 13, 2024

Columbus, Ohio, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and GVC Mortgage announced today a strategic partnership to provide P&C insurance products to GVC Mortgage customers.

Key Points: 
  • Columbus, Ohio, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Matic, a leading digital insurtech platform, and GVC Mortgage announced today a strategic partnership to provide P&C insurance products to GVC Mortgage customers.
  • Since its go-to-market launch in 2017, Matic has trailblazed the concept of embedded insurance, removing friction from the insurance process for mortgage entities and borrowers.
  • GVC Mortgage joins over 100 top lenders, servicers, and banks — representing 20% of loans processed in the US — that partner with Matic to simplify the insurance buying experience.
  • In addition to home and auto insurance, Matic will offer umbrella, flood, dwelling fire, and other personal lines of insurance to meet the needs of GVC Mortgage customers.

GlobalBet Secures Prestigious UK Gambling Commission License Again

Retrieved on: 
Wednesday, June 21, 2023

Ruggell, Liechtenstein--(Newsfile Corp. - June 21, 2023) - Liechtenstein-based Media Stream AG, the technology company behind GlobalBet, has once again been granted the highly coveted UK Gambling Commission license.

Key Points: 
  • Ruggell, Liechtenstein--(Newsfile Corp. - June 21, 2023) - Liechtenstein-based Media Stream AG, the technology company behind GlobalBet, has once again been granted the highly coveted UK Gambling Commission license.
  • The UK Gambling Commission (UKGC) is renowned for its stringent monitoring and regulation of the online gambling sector, making this license one of the most respected and sought-after in the industry.
  • He emphasized, "Receiving the esteemed UK Gambling Commission license since 2016 for our gaming software solutions marks a significant milestone for our company.
  • The rigorous oversight and enforcement actions carried out by regulatory bodies like the UK Gambling Commission are crucial in maintaining public trust and confidence in the gambling industry.

Glacier Announces Executive Changes

Retrieved on: 
Wednesday, April 26, 2023

VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) announces the retirement of Jonathon Kennedy as President and Chief Executive Officer effective May 31, 2023.

Key Points: 
  • VANCOUVER, British Columbia, April 26, 2023 (GLOBE NEWSWIRE) -- The Board of Directors of Glacier Media Inc. (TSX: GVC) (“Glacier” or the “Company”) announces the retirement of Jonathon Kennedy as President and Chief Executive Officer effective May 31, 2023.
  • Mr. Kennedy built a company culture that was based on a strong work ethic, entrepreneurship and mutual respect.
  • The Board also wishes to announce that Mr. Mark Melville will assume the role of President and Chief Executive Officer.
  • Prior to joining Glacier in 2012, Mr. Melville resided in Silicon Valley where he held executive positions in two venture backed technology companies and co-led the technology practice of global strategy consulting firm, Monitor Company.

Global value chains and the pandemic: the impact of supply bottlenecks

Retrieved on: 
Thursday, March 30, 2023

This box analyses how the pandemic affected global value chains.

Key Points: 
  • This box analyses how the pandemic affected global value chains.
  • It uses data for France, in particular between September 2020 and December 2021 when supply bottlenecks emerged.
  • [1] The pandemic resulted in a contraction of demand and supply that occurred both domestically and internationally.
  • Firms involved in global value chains (“GVC” firms), namely firms that both import and export, faced both of these challenges simultaneously.
  • [2]This box, based on highly granular trade data for the full universe of French firms, shows that participation in global value chains increased firms’ vulnerability to the economic implications of the pandemic.
  • In April 2020, exporters involved in global value chains recorded a decline in their export values of 42% compared with January 2020.
  • During the 2008 global financial crisis, however, firms involved in global value chains proved more resilient (Chart A, panel b).
  • Exporters that source their imports from geographically closer destinations were less affected by supply bottlenecks than those importing from further afield.
  • Furthermore, firms involved in global value chains importing mostly from the EU were hit later by supply bottlenecks, with the negative effects being visible only from April 2021.

Understanding the impact of COVID-19 supply disruptions on exporters in global value chains

Retrieved on: 
Thursday, March 23, 2023

In this context, the further upstream the disruption occurs, the greater is the potential for supply bottlenecks to propagate negative shocks.

Key Points: 
  • In this context, the further upstream the disruption occurs, the greater is the potential for supply bottlenecks to propagate negative shocks.
  • The third phase was from September 2020 to the end of 2021, when disruptions to global supply chains emerged and progressively intensified.
  • Within this sample, our treatment group comprises all exporting firms that had imported intermediate inputs at least once over the same period.
  • We assess firms’ performance during the crisis, in terms of export sales and probability of survival in the export market.
  • The richness of the dataset allows us to then deepen our analysis and look at several sources of heterogeneity.
  • In April 2020 GVC exporters recorded export volumes that were 42% lower than the levels recorded in January 2020.
  • Chart 2 illustrates the estimated effect of participation in global value chains on firm-level exports.
  • We find that participation in GVCs increased firm vulnerability during the pandemic, with the negative impact of supply disruptions being greater for firms located relatively more downstream in the value chain.
  • In this article we investigate the impact of supply chain linkages on exporting firms during the pandemic.
  • Highly granular data for the universe of French exporters allow us to provide one of the first firm-level quantifications of the impact of supply bottlenecks that occurred in 2021, when disruptions along value chains were at historically high levels.
  • We find that exporters in global value chains suffered relatively more than other exporters during the COVID-19 crisis.
  • This additional negative effect was mostly driven by exporters at downstream production stages, whereas diversifying sourcing networks for core imports helped to buffer the impact.

ARCPOINT INC. ANNOUNCES ACCELERATED RELEASE OF LOCK-UP SHARES TO INCREASE TRADING LIQUIDITY OF SHARES

Retrieved on: 
Friday, March 17, 2023

Greenville, South Carolina, March 17, 2023 (GLOBE NEWSWIRE) -- ARCpoint Inc. (TSXV:ARC) (the “Company” or “ARCpoint”), announces accelerated release of 1,923,000 Class A Subordinate Voting Shares of the Company (the “Released Shares”) registered in the name of GICMB Venture Corp.

Key Points: 
  • Greenville, South Carolina, March 17, 2023 (GLOBE NEWSWIRE) -- ARCpoint Inc. (TSXV:ARC) (the “Company” or “ARCpoint”), announces accelerated release of 1,923,000 Class A Subordinate Voting Shares of the Company (the “Released Shares”) registered in the name of GICMB Venture Corp.
  • I (“GVC”) from the transfer restrictions set out in the lock-up agreement (the “Lock-up Agreement”) voluntarily entered into by GVC on October 21, 2022.
  • The Released Shares was initially scheduled for release on April 21, 2023 pursuant to the Lock-up Agreement.
  • The board of directors of the Company has approved the amendment of the Lock-up Agreement to authorize the accelerated release of the Released Shares effective March 17 2023 for the purpose of creating liquidity for the trading of the Class A Subordinate Shares of the Company listed on the TSX Venture Exchange.

Glacier Media Inc. Announces Normal Course Issuer Bid and Automatic Securities Purchase Plan

Retrieved on: 
Monday, March 28, 2022

VANCOUVER, British Columbia, March 28, 2022 (GLOBE NEWSWIRE) -- Glacier Media Inc. (Glacier or the Company) (TSX: GVC) announced today that the TSX has accepted its notice of intention to make a normal course issuer bid (the Bid).

Key Points: 
  • VANCOUVER, British Columbia, March 28, 2022 (GLOBE NEWSWIRE) -- Glacier Media Inc. (Glacier or the Company) (TSX: GVC) announced today that the TSX has accepted its notice of intention to make a normal course issuer bid (the Bid).
  • Accordingly, the purchase of Shares will increase the proportionate Share interest of, and be advantageous to, all remaining shareholders.
  • All Shares purchased by Glacier under the Bid will be returned to treasury and cancelled.
  • Glacier also announces that in connection with the Bid, it has entered into an Automatic Securities Purchase Plan (ASPP) with a designated broker.

RIETI-CEPR Online Symposium "Exploring New Capitalism" Set for March 23

Retrieved on: 
Friday, March 18, 2022

TOKYO, March 18, 2022 /PRNewswire/ -- The Tokyo-based Research Institute of Economy, Trade and Industry (RIETI) hasannounced that it will host an online symposium on March 23 together with theLondon-based Centre for Economic Policy Research (CEPR) to discuss "newcapitalism" and other topics.

Key Points: 
  • TOKYO, March 18, 2022 /PRNewswire/ -- The Tokyo-based Research Institute of Economy, Trade and Industry (RIETI) hasannounced that it will host an online symposium on March 23 together with theLondon-based Centre for Economic Policy Research (CEPR) to discuss "newcapitalism" and other topics.
  • The Japanese government aims to realize new capitalism based on the concepts ofa "Virtuous Circle of Growth and Distribution" and "Pioneering a NewPost-Corona Society."
  • In the new capitalism, the issues to be addressed includethe decline in productivity and international competitiveness of the Japaneseeconomy, as well as climate change and the intensifying internationalcompetition over technology.
  • At the symposium, European and Japanese experts will discuss the newcapitalism, "Climate Change and Economic Dynamism" and "Global Value Chains(GVC) Resilience in the Face of Geoeconomics Shocks," exploring ways to solveboth global and Japanese problems.

RIETI-CEPR Online Symposium "Exploring New Capitalism" Set for March 23

Retrieved on: 
Friday, March 18, 2022

TOKYO, March 18, 2022 /PRNewswire/ -- The Tokyo-based Research Institute of Economy, Trade and Industry (RIETI) hasannounced that it will host an online symposium on March 23 together with theLondon-based Centre for Economic Policy Research (CEPR) to discuss "newcapitalism" and other topics.

Key Points: 
  • TOKYO, March 18, 2022 /PRNewswire/ -- The Tokyo-based Research Institute of Economy, Trade and Industry (RIETI) hasannounced that it will host an online symposium on March 23 together with theLondon-based Centre for Economic Policy Research (CEPR) to discuss "newcapitalism" and other topics.
  • The Japanese government aims to realize new capitalism based on the concepts ofa "Virtuous Circle of Growth and Distribution" and "Pioneering a NewPost-Corona Society."
  • In the new capitalism, the issues to be addressed includethe decline in productivity and international competitiveness of the Japaneseeconomy, as well as climate change and the intensifying internationalcompetition over technology.
  • At the symposium, European and Japanese experts will discuss the newcapitalism, "Climate Change and Economic Dynamism" and "Global Value Chains(GVC) Resilience in the Face of Geoeconomics Shocks," exploring ways to solveboth global and Japanese problems.

EcoDemand, LLC Launches Consumer-Driven Marketplace for Life Science Professionals

Retrieved on: 
Wednesday, January 19, 2022

EcoDemand, LLC , an ecommerce startup, launches its new platform where the prices of products are stipulated by consumers, and vendors on the platform can actively seek out these leads.

Key Points: 
  • EcoDemand, LLC , an ecommerce startup, launches its new platform where the prices of products are stipulated by consumers, and vendors on the platform can actively seek out these leads.
  • The marketplace consolidates consumer requests and each stated price (EcoDemand), availing them simultaneously to multiple vendors who carry the products, thus spearheading competition among these vendors for the potential consumers business.
  • That is what makes us revolutionary, says Flavio Somanji, Founder and CEO of EcoDemand, LLC.
  • The company anticipates major growth in the coming weeks and months, while garnering critical user feedback and implementing feature updates as it expands across a variety of life science hubs.