City

New York City greenlights congestion pricing – here’s how this toll plan is expected to improve traffic, air quality and public transit

Retrieved on: 
星期三, 四月 10, 2024

New York City is poised to launch the first congestion pricing plan to reduce traffic in a major U.S. metropolitan area.

Key Points: 
  • New York City is poised to launch the first congestion pricing plan to reduce traffic in a major U.S. metropolitan area.
  • Like many journeys in the Big Apple, this one has been punctuated by delays.
  • Once the system starts up, however, it’s expected to significantly reduce gridlock in Manhattan and generate billions of dollars to improve public transit citywide.
  • As an urban policy scholar, I’m looking forward to seeing New York’s plan go into effect.
  • But given the heavy costs that traffic imposes on public health and productivity, I’m encouraged to see a major U.S. city finally test this approach.

Nudging drivers

  • Congestion pricing is a response to externalities – costs or benefits that are generated by one party but incurred by another.
  • Clogged city streets and air pollution are externalities created by urban car users, many of whom live outside the city.
  • This approach is behind behavioral economics, the policy strategy of using “nudges” that preserve choice but encourage certain actions.

Public transit receives priority

  • The New York plan was presented to the board of the Metropolitan Transit Authority in November 2023 after years of study and a detailed environmental impact assessment, required by federal law.
  • It also would generate US$15 billion for capital improvements to the city’s public transit system, including making stations accessible for passengers with disabilities and buying new electric buses and commuter rail and subway cars.
  • More than 75% of all trips into the central business district are made by public transit.
  • Over several months of public hearings, the MTA heard both broad support for congestion pricing and thousands of requests for credits, discounts and exemptions, most of which were denied.
  • The limited number of exemptions includes private commuter buses, school buses and city-owned vehicles, including emergency vehicles.
  • New Jersey is suing the MTA, arguing among other things that the plan is unconstitutional because it burdens interstate commerce.

Starting the journey

  • And how will commuters respond when they find that trains and subways initially are more crowded, before capital upgrades improve the system?
  • But freedom for car users has imposed health and economic costs on millions of New Yorkers for many years.
  • But if New York’s experiment succeeds, it could provide a model and valuable insights for other traffic-clogged U.S. cities.


John Rennie Short does not work for, consult, own shares in or receive funding from any company or organization that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Olympic Games 2024: France faces serious hurdles in the race to create a meaningful legacy

Retrieved on: 
星期三, 四月 10, 2024

Paris hosting the Olympic and Paralympic Games this summer provides France with a huge geopolitical opportunity.

Key Points: 
  • Paris hosting the Olympic and Paralympic Games this summer provides France with a huge geopolitical opportunity.
  • Former French president François Hollande was credited with instigating the successful bid to stage the 2024 Games, 100 years after Paris was last host in 1924.
  • But it is Emmanuel Macron who has enjoyed taking up the mantle in his quest to present a new vision of France.
  • Some believe Macron being president was just what the Games needed, given his apparent quest to transform France into a more outward-looking, progressive nation.
  • Indeed, Macron has proved adept at playing soft power games through sport (including his efforts to keep the footballer Kylian Mbappé playing in France).

City of light (and dark)

  • Elsewhere, in a city that struggles to cope with traffic density, transport arrangements and problems with accommodation are worrying some officials as the Olympics approaches.
  • By the end of September, it could be that many people across the world have a much more positive view of France and its capital city.
  • Problems are mounting that could well undermine one of the president’s cornerstone projects in projecting his vision of a new France.


The authors do not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and have disclosed no relevant affiliations beyond their academic appointment.

Bruce Pascoe’s Black Duck is a ‘healing and necessary’ account of a year on his farm, following a difficult decade after Dark Emu

Retrieved on: 
星期三, 四月 10, 2024

Bruce Pascoe is best known for his natural history, Dark Emu, which argues that systems of pre-colonial food production and land management in Australia have been dramatically understated.

Key Points: 
  • Bruce Pascoe is best known for his natural history, Dark Emu, which argues that systems of pre-colonial food production and land management in Australia have been dramatically understated.
  • At last count, the book had sold at least 360,000 copies of the original edition – and many more in the form of adaptations, translations, children’s and overseas editions.
  • Since the publication of Dark Emu in 2014, Pascoe has had to endure extraordinary public scrutiny, as well as vehement attacks on his personal and professional reputation.
  • In light of the last ten years, Black Duck: A Year at Yumburra is a healing and necessary book.
  • The farm is a deliberate project designed to test, extend and materialise some of the ideas put forward in Dark Emu.
  • The meaning of Yumburra, Pascoe tells us, is Black Duck, the “supreme spiritual being of Yuin country”.

Six seasons on the farm

  • Through more than 60 subtitled journal entries, accompanied by numerous photographs and sketches, Pascoe charts the activities of his days.
  • These include labouring chores on the farm, visits paid and received (both there and interstate), thoughts, visions and experiments with food and agriculture, and memories and reflections on relationships reaching far back into childhood.
  • Pascoe describes life on the farm as solitary at times, but also active.
  • Daily farm work includes clearing watercourses or fixing tools and machinery, and at these times his friendships with the nonhuman are forged in both subtle and overt ways.
  • Despite their vigilance, the Spur-winged Plover loses a lot of chicks to eagles and foxes […] Their calls are ever-present on the farm.
  • If the horses gallop, an eagle passes, a dingo wakes or a car arrives, you hear about it instantly.
  • You can’t make friend with Birran Durran Durran because everything is a threat in its opinion.
  • Despite their vigilance, the Spur-winged Plover loses a lot of chicks to eagles and foxes […] Their calls are ever-present on the farm.
  • There is a sense of time moving on through the seasons.
  • Yumburra, too, was affected by that event, leading one of the farm workers to rename a whole section of the farm “Apocalypse Valley” in the aftermath.
  • “The unbridled pleasure I used to take in the forest, waters and shores is now tinged with sadness and dread.”

A true storyteller

  • The author is respectfully light on detail on these matters, but the reader is left in no doubt about their deep importance to him.
  • Pascoe’s authorial style sometimes comes across as a touch too lackadaisical and larrikin-esque, drifting as if unmoored.
  • And yet, he’s a true storyteller – and no sooner have you hesitated, than he reels you in again, and has you marvelling with him at the grandchildren’s handstands and cartwheels on the paddle board on the river, or at the cunning of the dingo pair who’ve taken out a young Buru (kangaroo) by gripping him by the ears and drowning him.
  • I assume it was the same animal because she made a great point of making sure I was watching her expertise.
  • It might be a romantic thought or a wish for longevity of a friend but, whatever the case, I enjoy the personality.“
  • Sometimes Pascoe quotes from her journal entries, discrete and beautifully rendered observations of wildlife on her own nearby property.
  • But as I was reading, I found myself wondering how else Lyn contributed to the book, and on what terms.

Connection to culture and Country

  • For anyone with lingering doubts about Pascoe’s commitment and connection to Country, this book will set them straight.
  • It is a quiet, funny, warm and insistent call to return to and care for Country.


Julienne van Loon has been a recipient of funding from Creative Australia, Creative Victoria and ArtsWA.

Cairn Homes Plc: Holding(s) in Company

Retrieved on: 
星期三, 四月 10, 2024

Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Key Points: 
  • Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
    [ ] Other (please specify)iii:
    City and country of registered office (if applicable): Edinburgh, Scotland
    4.
  • Full name of shareholder(s) (if different from 3.
  • Date on which the threshold was crossed or reachedvi: 19/03/2024
    6.
  • Date on which issuer notified: 20/03/2024
    7.

EQS-News: Direct Sao Paulo to Gauteng flights opens a myriad of opportunities for Brazilian travelers

Retrieved on: 
星期三, 四月 10, 2024

Since the launch, the flights have a more than 60% load factor which is expected to grow” said Sthembiso Dlamini GTA’s CEO.

Key Points: 
  • Since the launch, the flights have a more than 60% load factor which is expected to grow” said Sthembiso Dlamini GTA’s CEO.
  • Within 9-10 hrs Brazilian travellers can immerse themselves in the rich tapestry of experiences that Gauteng offers – from its vibrant urban lifestyle to its stunning natural landscapes.
  • It is an invitation to explore the #GPLifestyle -  a unique blend of adventure, culture, and cuisine that the province is renowned for.
  • Gauteng is known for top restaurants that provide a vast selection of cuisine from across the African continent and the globe.

Avolta adds Cologne Bonn Airport to operational portfolio with award of 17 new stores for ten years, strengthens footprint in Germany

Retrieved on: 
星期三, 四月 10, 2024

Walter Seib, CEO Northern, Central and Eastern Europe, Avolta said: "This tender win marks a significant milestone, as we enter into a new long-term partnership with Flughafen Köln/Bonn GmbH. We are honored to be identified as their preferred partner, and are thankful for the opportunity to bring our expertise in food and beverage to Cologne Bonn Airport. It is a great example of our Destination 2027’s strategy for growth in EMEA, with a focus on long-term partnerships in areas where we can leverage our existing presence. A big thanks also goes out to the Avolta team whose collaborative efforts were vital to us securing this significant contract. Our aim is to transform the experience of travelers passing through Cologne Bonn Airport over the next ten years, and make travelers happier.”
“The new partnership with Avolta is a milestone and will permanently change the face of the airport," says Thilo Schmid, Chairman of the Managing Board at Flughafen Köln/Bonn GmbH. "The versatile concepts for a total of 17 gastronomic areas are part of a completely new retail and gastronomy concept in the terminals, with an unmistakable regional connection to our destination. We are proud to have won the renowned company Autogrill under the umbrella of the globally active Avolta AG as a new partner of Flughafen Köln/Bonn GmbH as part of a Europe-wide tendering process, whose innovative plans reflect our idea of the future design of our airport in the best possible way.”
The 17 new F&B stores will open in Terminals 1 and 2 of Cologne Bonn Airport, establishing a retail footprint of approximately 3800 m². Travelers will discover a range of proprietary stores, including Brewgate, Le Crobag, and Two Tigers, as well as iconic franchise brands including Burger King, Espresso House and Simit Saray amongst others. Avolta’s offering will include quick service restaurants and grab & go solutions, supported by digital kiosks and Order & Pay systems via QR code, to make ordering more efficient for travelers with less time. Travelers looking for a quiet space to wind down or work between flights can enjoy table service restaurants like Terracotta or heritage restaurant Früh bis Spät, which serves local Kölsch beer.
-----About Cologne Bonn Airport
Cologne Bonn Airport is one of the most important commercial airports in Germany. In 2023, around 9.8 million passengers used the airport. Around 870,000 tonnes of air cargo were handled here. Every year, more than 120 destinations in Europe and beyond are served. 
The Airport lies at the heart of one of the biggest import and export regions in Europe. Cologne Bonn Airport is a major economic factor and one of the biggest places of employment in the region. Climate protection and sustainability are an important part of the corporate strategy. By 2045 at the latest, the airport intends to be completely carbon neutral. 

Key Points: 
  • Avolta adds Cologne Bonn Airport to operational portfolio with award of 17 new stores for ten years, strengthens footprint in Germany
    Avolta AG (SIX: AVOL), the leading global travel experience player, is expanding its presence in Europe, by entering into a new partnership with Flughafen Köln/Bonn GmbH.
  • The contract win sees Avolta open 17 new food and beverage stores at Cologne Bonn Airport, located between the cities of Cologne and Bonn, Germany.
  • We are honored to be identified as their preferred partner, and are thankful for the opportunity to bring our expertise in food and beverage to Cologne Bonn Airport.
  • A big thanks also goes out to the Avolta team whose collaborative efforts were vital to us securing this significant contract.

EQS-News: SCHOTT Pharma to Expand in the U.S. with New Prefillable Syringe Manufacturing Facility

Retrieved on: 
星期三, 四月 10, 2024

EQS-News: SCHOTT Pharma AG & Co. KGaA

Key Points: 
  • EQS-News: SCHOTT Pharma AG & Co. KGaA
    SCHOTT Pharma to Expand in the U.S. with New Prefillable Syringe Manufacturing Facility
    The issuer is solely responsible for the content of this announcement.
  • SCHOTT Pharma to Expand in the U.S. with New Prefillable Syringe Manufacturing Facility in Wilson, North Carolina
    First U.S. manufacturing facility to fill demand for domestic supply of glass and polymer prefillable syringes that deliver mRNA, GLP-1, and other therapies
    SCHOTT Pharma plans to make Wilson, North Carolina home to its newest site.
  • SCHOTT Pharma a pioneer in pharmaceutical drug containment solutions and delivery systems, will build the first U.S. facility to manufacture prefillable polymer syringes required to meet the need for deep-cold storage and transportation of mRNA medications.
  • On average, more than 25,000 injections per minute are provided to patients worldwide through a product produced by SCHOTT Pharma.

Cairn Homes Plc: Holding(s) in Company

Retrieved on: 
星期三, 四月 10, 2024

Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Key Points: 
  • Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
    [ ] Other (please specify)iii:
    City and country of registered office (if applicable): Edinburgh, Scotland
    4.
  • Full name of shareholder(s) (if different from 3.
  • Date on which the threshold was crossed or reachedvi: 20/03/2024
    6.
  • Total positions of person(s) subject to the notification obligation:

Grand City Properties S.A. launches an exchange offer with 15% tender option to the holders of certain perpetual notes

Retrieved on: 
星期三, 四月 10, 2024

Luxembourg, 2 April 2024 - The Board of Directors of Grand City Properties S.A. (the "Company" and together with its subsidiaries “Grand City Properties”) has resolved today to launch a voluntary exchange and tender offer (the “Offer”) to the holders of two of its Euro dominated outstanding perpetual notes with the ISIN codes XS1491364953 and XS1811181566 (the "Existing Perpetual Notes").

Key Points: 
  • Luxembourg, 2 April 2024 - The Board of Directors of Grand City Properties S.A. (the "Company" and together with its subsidiaries “Grand City Properties”) has resolved today to launch a voluntary exchange and tender offer (the “Offer”) to the holders of two of its Euro dominated outstanding perpetual notes with the ISIN codes XS1491364953 and XS1811181566 (the "Existing Perpetual Notes").
  • Under the Offer, holders of the Existing Perpetual Notes will have the opportunity to exchange existing eligible holdings into either: (i) new perpetual notes at the relevant exchange ratio and a cash amount for participating in the exchange, or (ii) new perpetual notes at the relevant exchange ratio, a cash amount for participating in the exchange and a 15% redemption of their exchanged notes for cash.
  • The new undated subordinated notes will be issued by a subsidiary of the Company, Grand City Properties Finance S.à r.l.
  • Grand City Properties aims to recover the equity content under S&P rating methodology for the perpetual notes which have previously not been called on their respective first call dates.

Holding(s) in Company

Retrieved on: 
星期三, 四月 10, 2024

Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:

Key Points: 
  • Identity of the issuer or the underlying issuer of existing shares to which voting rights are attachedii:
    Irish Residential Properties REIT Plc (ISIN: IE00BJ34P519)
    [ ] Other (please specify)iii:
    City and country of registered office (if applicable): Dublin, Ireland
    4.
  • Full name of shareholder(s) (if different from 3.
  • Date on which the threshold was crossed or reachedvi: 25 March 2024
    6.
  • Threshold(s) that is/are crossed or reached: Crossed below 4% threshold.