Commerce

Isabel Schnabel: From laggard to leader? Closing the euro area’s technology gap

Retrieved on: 
Saturday, February 17, 2024
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This paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation, first shows the need of climate-related capital requirements in the existing prudential framework.

Key Points: 
  • This paper, by means of a DSGE model including heterogeneous firms and banks, financial frictions and prudential regulation, first shows the need of climate-related capital requirements in the existing prudential framework.
  • We further show that relying on microprudential regulation alone would not be enough to account for the systemic dimension of transition risk.

India’s fastest-growing airline, Akasa Air announces operations from Doha

Retrieved on: 
Friday, February 16, 2024

Akasa Air, India’s fastest-growing airline announced operations from Doha, the first international destination on its rapidly expanding network.

Key Points: 
  • Akasa Air, India’s fastest-growing airline announced operations from Doha, the first international destination on its rapidly expanding network.
  • Starting 28 March 2024, Akasa Air will operate four non-stop flights a week, connecting Mumbai with Doha, enhancing air connectivity between Qatar and India.
  • Akasa Air was born with a purpose to make air travel inclusive and affordable through its commitment to quality product and service excellence.
  • Commenting on the announcement, Vinay Dube, Founder and CEO, Akasa Air said, “We are delighted to announce our international operations with the launch of our first destination - Doha, to our growing network.

Mexico is suing US gun-makers for arming its gangs − and a US court could award billions in damages

Retrieved on: 
Friday, February 16, 2024

The government of Mexico is suing U.S. gun-makers for their role in facilitating cross-border gun trafficking that has supercharged violent crime in Mexico.

Key Points: 
  • The government of Mexico is suing U.S. gun-makers for their role in facilitating cross-border gun trafficking that has supercharged violent crime in Mexico.
  • To understand why, let’s begin with some background about the federal law that protects the gun industry from civil lawsuits.

Gun industry immunity

  • Importantly, there are limits to this immunity shield.
  • Mexico’s lawsuit alleges that U.S. gun-makers aided and abetted illegal weapons sales to gun traffickers in violation of federal law.

Mexico’s allegations

  • Mexico also points to industry marketing that promises buyers a tactical military experience for civilians.
  • In short, Mexico claims that illegal gun trafficking isn’t just an unwanted byproduct of the industry’s design choices, marketing campaigns and distribution practices.
  • Instead, according to the lawsuit, feeding demand for illegal weapons is central to the industry’s business model.

The next legal steps

  • In January 2024, a federal appeals court in Massachusetts decided that Mexico’s allegations, if true, would deprive the gun-makers of immunity, and it sent the case back to trial court.
  • Mexico now needs to produce evidence to prove its allegations that the industry is not only aware of but actively facilitates illegal gun trafficking.
  • For their part, the gun-makers have asked the trial judge to put the case on hold while they pursue an appeal to the U.S. Supreme Court.

High stakes for the industry

  • Even if the case were to settle for much less, a victory by Mexico would provide a template for a wave of future lawsuits that could change the way the gun industry operates.
  • Similar theories about dangerous product designs, irresponsible marketing and reckless distribution practices in opioid litigation have transformed the pharmaceutical industry.


Timothy D. Lytton has provided expert consulting services to law firms representing gun violence victims.

Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Friday, February 16, 2024

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13250 for each Class A share and $0.06667 for each Preferred share.

Key Points: 
  • TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Canadian Banc Corp. (The "Company") declares its monthly distribution of $0.13250 for each Class A share and $0.06667 for each Preferred share.
  • As a result, Class A shareholders of record on February 29, 2024 will receive a dividend of $0.13250 per share based on the VWAP of $10.60 payable on March 8, 2024.
  • Since inception Class A shareholders have received a total of $21.70 per share and Preferred shareholders have received a total of $10.24 per share inclusive of this distribution, for a combined total of $31.94.
  • To generate additional returns above the dividend income earned on the portfolio, The Company engages in a selective covered call writing program.

Dividend 15 Split Corp. II Regular Monthly Dividend Declaration for Preferred Share

Retrieved on: 
Friday, February 16, 2024

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.04792 for each Preferred share.

Key Points: 
  • TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. II ("Dividend 15 II") declares its regular monthly distribution of $0.04792 for each Preferred share.
  • Distributions are payable March 8, 2024 to shareholders on record as at February 29, 2024.
  • Since inception Class A shareholders have received a total of $14.70 per share and Preferred shareholders have received a total of $9.29 per share inclusive of this distribution, for a combined total of $23.99.
  • Dividend 15 II invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Commerce Split Monthly Dividend Declared for Class I and Class II Preferred Shares

Retrieved on: 
Friday, February 16, 2024

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its monthly distribution of $0.02500 per share ($0.30 annually), for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B).

Key Points: 
  • TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- New Commerce Split (The "Company") declares its monthly distribution of $0.02500 per share ($0.30 annually), for Class I Preferred shareholders (YCM.PR.A), and $0.03125 per share ($0.375 annually) for Class II Preferred shareholders (YCM.PR.B).
  • The Class I Preferred share dividends are paid at an annual rate of 6.00% based on the $5 repayment amount.
  • Class II Preferred share dividends are paid at an annual rate of 7.50% based on their $5 repayment amount.
  • The Company invests in common shares of Canadian Imperial Bank of Commerce, a Canadian financial institution.

Dividend 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Friday, February 16, 2024

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. (The "Company") declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually).

Key Points: 
  • TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Dividend 15 Split Corp. (The "Company") declares its monthly distribution of $0.10000 for each Class A share ($1.20 annualized) and $0.04583 for each Preferred share ($0.550 annually).
  • Distributions are payable March 8, 2024 to shareholders on record as at February 29, 2024.
  • Since inception Class A shareholders have received a total of $26.60 per share and Preferred shareholders have received a total of $10.58 per share inclusive of this distribution, for a combined total of $37.18.
  • Dividend 15 invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Friday, February 16, 2024

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.07708 for each Preferred share ($0.925 annually).

Key Points: 
  • TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- Financial 15 Split Corp. ("Financial 15") declares its regular monthly distribution of $0.12570 for each Class A share ($1.51 annualized) and $0.07708 for each Preferred share ($0.925 annually).
  • Distributions are payable March 8, 2024 to shareholders on record as at February 29, 2024.
  • Since inception Class A shareholders have received a total of $25.31 per share and Preferred shareholders have received a total of $11.35 per share inclusive of this distribution, for a combined total of $36.66.
  • Financial 15 invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

North American Financial 15 Split Corp. Monthly Dividend Declaration for Class A & Preferred Share

Retrieved on: 
Friday, February 16, 2024

TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).

Key Points: 
  • TORONTO, Feb. 16, 2024 (GLOBE NEWSWIRE) -- North American Financial 15 Split Corp. (The "Company") declares its regular monthly distribution of $0.11335 for each Class A share ($1.3602 annualized) and $0.07917 for each Preferred share ($0.950 annually).
  • Distributions are payable March 8, 2024 to shareholders on record as at February 29, 2024.
  • Since inception Class A shareholders have received a total of $16.16 per share and Preferred shareholders have received a total of $10.90 per share inclusive of this distribution, for a combined total of $27.06.
  • The Company invests in a high quality portfolio consisting of 15 financial services companies made up of Canadian and U.S. issuers as follows: Bank of Montreal, The Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, Manulife Financial Corporation, Sun Life Financial, Great-West Lifeco, CI Financial Corp, Bank of America, Citigroup Inc., Goldman Sachs Group, JP Morgan Chase & Co. and Wells Fargo & Co.

Revolutionizing Ecommerce: Adspace's Trailblazing Strategies for Digital Marketing Success

Retrieved on: 
Friday, February 16, 2024

The full-service marketing agency is committed to driving growth and efficiency for ecommerce brands in an ever-evolving digital marketplace.

Key Points: 
  • The full-service marketing agency is committed to driving growth and efficiency for ecommerce brands in an ever-evolving digital marketplace.
  • Adspace's approach, distinguished by its use of advanced audience targeting and data-driven marketing strategies, marks a departure from traditional advertising methods.
  • Adspace sets a new standard in digital advertising by delivering solutions that are not only innovative but also highly effective.
  • As Koala experienced rapid growth, Adspace helped the company restructure and implement comprehensive digital marketing strategies across paid search and social channels.