China pide multilateralismo para hacer frente a las crisis mundiales

-CGTN: mano a mano: China pide multilateralismo para hacer frente a las crisis mundiales

BEIJING, 25 de enero de 2021 /PRNewswire/ — En el contexto de una pandemia que ha cobrado peajes a la salud pública mundial y ha puesto a la economía mundial en profunda recesión, el mundo en 2020 dejó a muchos viviendo con miedo e incertidumbre con la situación empeorando debido a otros desafíos emergentes.

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-CGTN: mano a mano: China pide multilateralismo para hacer frente a las crisis mundiales

BEIJING, 25 de enero de 2021 /PRNewswire/ — En el contexto de una pandemia que ha cobrado peajes a la salud pública mundial y ha puesto a la economía mundial en profunda recesión, el mundo en 2020 dejó a muchos viviendo con miedo e incertidumbre con la situación empeorando debido a otros desafíos emergentes.

La caótica situación a la que se enfrenta actualmente el mundo es similar a la de hace cuatro años, cuando el presidente chino Xi Jinping pronunció su primer discurso histórico en el Foro Económico Mundial (WEF), ofreciendo soluciones chinas a la comunidad mundial.

«Debemos continuar la lucha», dijo Xi a los líderes mundiales para frenar el brote de COVID-19 en el evento virtual del WEF de la Agenda de Davos el lunes. «Sin embargo, seguimos convencidos de que el invierno no puede detener la llegada de la primavera y la oscuridad nunca puede envolver la luz del amanecer».

El evento de este año con el tema «Un año crucial para reconstruir la confianza», que tiene lugar del 25 al 29 de enero, tiene como objetivo reconstruir la confianza y dar forma a las políticas y asociaciones necesarias en 2021. Más de 1.500 líderes empresariales, gubernamentales y de la sociedad civil de más de 70 países y regiones establecerán la agenda para 2021.

China ha dicho que espera que el discurso de Xi este año ayude a alcanzar el consenso mundial, reconstruir la confianza mundial e impulsar la cooperación mundial, y que juntos encuentren soluciones para los problemas mundiales urgentes a los que se enfrenta la comunidad internacional.

Xi dijo que la cooperación mundial es la mejor manera de derrotar la pandemia, así como otras crisis mundiales. El mundo debe defender el multilateralismo y construir una comunidad con un futuro compartido para la humanidad, dijo el presidente chino, señalando que ningún problema global puede ser resuelto por ningún país.

«Debe haber acción mundial, respuesta mundial y cooperación mundial,» dijo.

Facilitar el mecanismo mundial de cooperación y consulta  

China siempre ha sido un firme defensor y practicante activo del multilateralismo, uniéndose o construyendo plataformas multilaterales.

Ha iniciado el Belt and Road Forum for International Cooperation y la China International Import Expo y ha firmado el mayor acuerdo de libre comercio del mundo, la Regional Comprehensive Economic Partnership (RCEP), en noviembre del año pasado.

A medida que el mundo se enfrenta a la urgente tarea de recuperación económica en la era post-pandemia, Xi dijo que los países deberían en primer lugar intensificar su coordinación de políticas macroeconómicas para promover un crecimiento más fuerte e inclusivo de la economía mundial, utilizando el G20 como el principal foro para la gobernanza económica mundial.

La economía de China creció un 2,3 por ciento en 2020, lo que la convierte en la única economía importante en ver un crecimiento positivo con la economía mundial devastada por la pandemia.

Los principales organismos financieros, incluido el Fondo Monetario Internacional (FMI), esperan que China lidere la recuperación macro mundial, ya que se cree que el poder de gasto de los consumidores chinos impulsará la continua recuperación del país en 2021.

Además, Xi también llamó al mundo a evitar la confrontación utilizando excusas de diferencias en la historia, la cultura o el sistema. En cambio, el mundo debe atenerse a una cooperación basada en beneficios mutuos y resolver desacuerdos a través de la consulta y el diálogo.

Esforzarse por lograr un desarrollo equilibrado para todos los países

Con el mundo lidiando con la pandemia, las recuperaciones económicas de las naciones desarrolladas y los países en desarrollo están siguiendo trayectorias divergentes. Los países en desarrollo con menos recursos, particularmente afectados por la pandemia, necesitan ayuda de manera inminente para ponerse al día en la recuperación mundial.

En su discurso, Xi instó al mundo a proporcionar la ayuda necesaria en términos de más recursos y espacio para el desarrollo de los países en desarrollo, en aras del bien de todos. «Debemos reconocer que con el crecimiento de los países en desarrollo, la prosperidad y la estabilidad mundial se pondrán en una base más sólida, y los países desarrollados se beneficiarán de ese crecimiento,» dijo.

El presidente chino también advirtió que el mundo debía mantenerse comprometido con el derecho internacional y las normas internacionales en lugar de buscar la propia supremacía. «El multilateralismo consiste en abordar los asuntos internacionales a través de la consulta y el futuro del mundo decidido por todos los que trabajan juntos», dijo.

La comunidad internacional debe salvaguardar los intereses legítimos de desarrollo de los países en desarrollo. Debe hacer del fortalecimiento de la igualdad de derechos, la igualdad de oportunidades y la igualdad de las normas el objetivo a largo plazo para que todos los países se beneficien de las oportunidades y los frutos del desarrollo, añadió.

China reitera la cooperación continua para la prosperidad común

A pesar de la pandemia, China ha logrado impulsar sus tareas internas. En los últimos 40 años, China ha logrado avances históricos para poner fin a la pobreza extrema, sacando a más de 800 millones de personas de la pobreza, lo que representa más del 70 por ciento de la reducción de la pobreza mundial.

Por parte de China en la contribución al nuevo año, Xi prometió que China trabajará con otros países para construir un mundo abierto, inclusivo, limpio y hermoso que disfrute de una paz duradera, seguridad universal y prosperidad común. Ha prometido que China ayudará a los países en desarrollo para erradicar la pobreza, aliviar la carga de la deuda y lograr un mayor crecimiento.

A medida que China entra en una nueva etapa de desarrollo, Xi dijo que China seguirá una nueva filosofía de desarrollo y fomentará un nuevo paradigma de desarrollo con la circulación interna como el pilar y las circulaciones nacionales e internacionales reforzándose mutuamente, liberando el potencial del enorme mercado chino y la enorme demanda interna.

«Esperamos que estos esfuerzos traigan más oportunidades de cooperación a otros países y den un nuevo impulso a la recuperación y el crecimiento de la economía mundial,» dijo Xi.

Artículo original: aquí.

Vídeo – https://www.youtube.com/watch?v=qg6ACnr2P08

 

Nigeria Accounts for Largest Share of New Housing Units in Africa/Mideast Region – Freedonia Group Analysis

CLEVELAND, Jan. 25, 2021 /PRNewswire/ — Homebuilding activity in the Africa/Mideast region will continue to be driven by urban population growth, increased standards of living, and – aside from 2020, when the region will see a recession brought on by the COVID-19 pandemic – <a target="_blank"…

CLEVELAND, Jan. 25, 2021 /PRNewswire/ — Homebuilding activity in the Africa/Mideast region will continue to be driven by urban population growth, increased standards of living, and – aside from 2020, when the region will see a recession brought on by the COVID-19 pandemic – healthy economic expansion. Nigeria will continue to account for the largest share of new housing units in the region, due primarily to its large population and fast urbanization rate. The fastest gains are projected for Nigeria, South Africa, and Iraq, as these markets rebound from weak performances posted during the 2014-2019 period.

The number of existing dwellings in the Africa/Mideast region totaled 398 million units in 2019, accounting for 18% of the global housing stock. The following trends are common among national housing sectors throughout the region:

  • Over 72% of the regional housing stock consists of single-family dwellings, reflecting the large rural population, especially in sub-Saharan Africa.
  • In spite of the high percentage of single-family dwellings, the average unit size was only 69 square meters in 2019 – among the lowest in the world – due to low average incomes in many of the region’s populous countries.
  • The share of multifamily housing has continued to increase due to ongoing rural-to-urban migration throughout the region.
  • Much of the population lives in poor quality, informal housing lacking basic amenities, and there is a significant housing deficit in the region.
  • While most countries are economically developing, standards of living – and quality of housing – are relatively high in a few of the region’s more

New housing construction activity in the Africa/Mideast region is forecast to increase an average of 2.3% per year to 14.3 million units in 2024, the fastest pace of any world region and representing an acceleration from the pace of the 2014-2019 period, as several key markets begin to rebound.

Global Housing, published in January 2021, examines the global housing market in terms of both the global housing stock and the construction of new housing units. Historical data for 2008, 2013, and 2018 and forecasts for 2023 and 2028 are presented in units by country.

About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.

Press Contact:
Corinne Gangloff
+1 440.842.2400
cgangloff@freedoniagroup.com

 

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SOURCE The Freedonia Group

GCA announces key adaptation initiatives at Climate Adaptation Summit 2021

ROTTERDAM, Netherlands, Jan. 25, 2021 /PRNewswire/ — The Global Center on Adaptation (GCA) today made a number of key announcements during the Climate Adaptation Summit (CAS2021) hosted by the Netherlands – the first international summit for global leaders aimed at triggering the systemic change required to accelerate adaptation action globally for a climate resilient world. During the Summit GCA’s work was endorsed by a number of world leaders including <span…

ROTTERDAM, Netherlands, Jan. 25, 2021 /PRNewswire/ — The Global Center on Adaptation (GCA) today made a number of key announcements during the Climate Adaptation Summit (CAS2021) hosted by the Netherlands – the first international summit for global leaders aimed at triggering the systemic change required to accelerate adaptation action globally for a climate resilient world. During the Summit GCA’s work was endorsed by a number of world leaders including Ali Bongo Odimba, President of Gabon; Nana Akufo-Addo, President of Ghana; Keith Mitchell, Prime Minister of Grenada; Carlos Alvarado Quesado, President of Costa Rica, Sheikh Hasina, Prime Minister of Bangladesh and Uhuru Kenyatta, President of Kenya.

The Summit took place as the pandemic continues to erode recent progress in building climate resilience, leaving countries and communities more vulnerable to future shocks. A report by GCA «State and Trends in Adaptation 2020» showed that global funding would need to increase ten-fold, to US$300 billion a year, to meet the UN Environment Programme’s estimates of what is needed to respond to escalating climate risks. An accompanying technical report «Adaptation Finance in the Context of Covid-19» estimated that funding for climate adaptation fell by up to 10% in 2020, reversing the decade long trend of increasing adaptation finance to developing countries.

Ministerial Dialogue
At the start of CAS2021, GCA hosted its first annual Ministerial Dialogue, with over 50 ministers and leaders from international organizations, to scale-up global leadership cooperation to accelerate climate adaptation. Going forward it will also serve as an annual high-level forum on climate change adaptation, acting as a lever for global leadership to drive a decade of transformation for a climate resilient world by 2030.

Hosting the meeting, Ban Ki-moon, Co-Chair of Global Center on Adaptation said:
«In this GCA ministerial dialogue, we hope to achieve three things: a step change in ambition, so that adaptation receives the funding and attention it deserves. We need a step change in financing to mobilize hundreds of billions of dollars for this decade of transformation. And we need to strengthen partnerships and knowledge exchanges to make the best solutions and approaches available to all.»

Kristalina Georgieva, Managing Director of the International Monetary Fund and Board Member of Global Center on Adaptation said:
«The IMF is ramping up support for the policies, investment plans and skills countries need to strengthen their response to climate change. Reducing emissions and building resilience is win-win-win – good for growth and jobs, for health and for our planet.»

John Kerry, US Climate Presidential Envoy, who gave the keynote speech, noted that:
«All countries are now learning how to cope with climate change. But nobody has all the answers. The faster we gather information from each other, share data, the faster we can join together in the effort to do what we all know is necessary. The more quickly we’re going to be able to put good solutions to work, the faster we’re going to be able to make savings in hard pressed budgets around the world.»

Patrick Verkooijen, CEO of Global Center on Adaptation said:
«Covid-19 ushered in an era of multiple, intersecting systemic shocks, which demand equally powerful and coordinated solutions. Adaptation should be at the heart our recovery. Combining steadily rising carbon prices with a green infrastructure push can boost global GDP over the next 15 years by about 0.7 percent and generate work for millions of people. It will make us better prepared for future shocks.»

African Adaptation Acceleration Program (AAAP)
The urgency of the compounded COVID-19 and climate crises require accelerated momentum in Africa’s climate adaptation efforts. The African Development Bank and the Global Center on Adaptation (GCA) announced they are joining forces to use their complementary expertise, resources, and networks to launch a bold new Africa Adaptation Acceleration Program (AAAP). This flagship program will focus on agriculture, infrastructure, youth, and innovative finance. The African Development Bank has committed to mobilize $25 billion as climate finance between 2020 and 2025, of which at least 50% ($12.5 billion) will support climate adaptation and resilience building. The Bank and GCA will use this to leverage an additional $12.5 billion with other key partners to support African governments, private sector, and civil society to scale up effective adaptation solutions.

An example of GCA and the Bank’s transformative approach to accelerating adaptation is a project already underway in Ghana to develop its first national-level assessment of the resilience of its infrastructure systems to climate change. By exploring and showcasing the potential co-benefits of Nature-based Solutions as part of country-level package of investment in grey and green infrastructure, Ghana will function as a demonstration country of how to reduce costs and enhance ecosystems.

Commenting on the program launch, Akinwumi Adesina, President of the African Development Bank said:
«We must work together to accelerate adaptation action in Africa , a continent on the frontline of climate change emergency. Today’s announcement with GCA marks the start of a bold global effort to ensure that developing countries have the climate financing they need to implement and scale up climate adaptation solutions.»

Feike Sijbesma, Co-Chair of the Global Center on Adaptation said:
«We are all witnessing how climate change is visibly affecting people, societies and business. We must take a strategic and integrated approach to adaptation and develop the bold innovations and solutions to this global challenge. This all in combination to our continued effort to mitigate climate changes by reducing our emissions.»

Youth Leadership
Following the call to action from one million young people from more than 115 countries to «Adapt for our Future», Akinwumi Adesina, President of the African Development Bank and Patrick Verkooijen, CEO of GCA announced the African Adaptation Acceleration Program would strengthen ecosystems that support youth-led climate adaptation entrepreneurship and youth participation in adaptation policies; scale up climate adaptation innovations by strengthening business development services to 10,000 youth-owned enterprises and 10,000 youth with business ideas on jobs and adaptation; Develop tailored skills and provide starting tool packs for 1 million youth to prepare them for climate resilient jobs and entrepreneurial opportunities in adaptation and unlock USD 3 billion in credit for adaptation action by innovative youth-owned enterprises through innovative financial instruments.

State and Trends Knowledge Exchange
GCA launched the State and Trends in Adaptation Knowledge Exchange (STAKE) to make data, information, and learnings on climate-change adaptation both accessible and actionable, with the aim of engaging policy-makers, professionals, experts, and other stakeholders. The new platform connects areas of science, policy, and practice through dedicated elements—such as the Adaptation Gateway, which covers data, solutions and insights, Communities of Practice, the State and Trends report series, and the Adaptation Action Agenda—brokering solutions to accelerate adaptation action from a local to a global scale. The Adaptation Gateway provides data visualization, systematized solutions, analyses, and insights on the state and trends of climate-change resilience and adaptation.

1000 Cities Adapt Now Initiative
During the Summit, the Mayor of Rotterdam Ahmed Aboutaleb presented the 10-year Global Program 1000 Cities Adapt Now. 1000 Cities Adapt Now’ (1000CAN) is a global program that aims for a green and just post-COVID-19 recovery — a recovery that helps create new jobs, improve equity and prepare communities to adapt to climate and health threats. The coalition network partners, including GCA which will host the program, sought the commitment of other mayors to strengthen the role of cities in improving our environment, climate and society in the lead-up to COP26, and beyond. This resulted in the Joint Statement on Accelerating Climate Adaptation in Cities being presented to world leaders including Prime Minister Mark Rutte.

Mayor Aboutaleb speaking at the launch said:
«Every day, cities are dealing with the effects of climate change and the need to adapt to be resilient. It is our task as mayors of cities worldwide to address these issues and generate solutions. With the Joint Statement on Accelerating Climate Adaptation in Cities, we underline our ambitions and needs to speed up and scale up adaptation measures in 1000 cities in the coming decade.»

Living with water: Climate Adaptation in the World’s Deltas
GCA launched a report on climate adaptation in the world’s deltas which presents a series of lighthouse adaptation case studies and sets how to scale up and accelerate adaptation in these climate hotspots. The report flagged that climate adaptation in delta areas is a complex issue and that understanding deltas requires better, open-access climate data collection.  The report also noted that making deltas more climate resilient requires decades and legal and political frameworks that are conducive to long-term, integrated planning, and predictable budgets, but at the same time urgent adaptation action needs to start immediately.

Free online global education initiative
GCA announced it is collaborating with the University of of Groningen in the Netherlands to offer free online courses on Climate Adaptation Governance through FutureLearn. The first course is on Climate Adaptation Governance – Making Climate Adaptation Happen. In addition, the University of Groningen will start offering a specialisation in Climate Adaptation Governance from September 2021 onwards.

 

07887 804594, alex.gee@gca.org

 

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SOURCE The Global Center on Adaptation

AB Global High Income Fund Releases Monthly Portfolio Update

NEW YORK, Jan. 25, 2021 /PRNewswire/ — AB Global High Income Fund, Inc.[NYSE: AWF] (the «Fund») today released its monthly portfolio update as of December 31,2020.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

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NEW YORK, Jan. 25, 2021 /PRNewswire/ — AB Global High Income Fund, Inc.[NYSE: AWF] (the «Fund») today released its monthly portfolio update as of December 31,2020.

AB Global High Income Fund, Inc.

Top 10 Fixed-Income Holdings

Portfolio %

1) U.S. Treasury Notes  2.25%, 2/15/27 

2.31%

2) Brazil Notas do Tesouro Nacional Series F 10.00%, 1/01/23 

1.83%

3) U.S. Treasury Notes  2.875%, 8/15/28 

1.45%

4) Argentine Republic Government International Bond  0.125%, 7/09/30 – 7/09/41 

0.87%

5) Dominican Republic International Bond  8.625%, 4/20/27 

0.65%

6) Colombian TES Series B 10.00%, 7/24/24 

0.58%

7) Nigeria Government International Bond  7.625%, 11/21/25 – 11/28/47 

0.53%

8) Ukraine Government International Bond  7.75%, 9/01/22 – 9/01/24 

0.50%

9) U.S. Treasury Bonds  5.25%, 2/15/29 

0.40%

10) First Quantum Minerals Ltd.  7.25%, 4/01/23 

0.39%

Investment Type

Portfolio %

Corporates – Non-Investment Grade

Industrial

Energy

4.77%

Communications – Media

3.59%

Consumer Non-Cyclical

3.54%

Basic

2.64%

Consumer Cyclical – Automotive

2.62%

Capital Goods

2.50%

Consumer Cyclical – Other

2.48%

Services

2.30%

Technology

2.17%

Communications – Telecommunications

2.01%

Consumer Cyclical – Retailers

1.79%

Consumer Cyclical – Entertainment

1.75%

Transportation – Services

0.47%

Other Industrial

0.33%

Consumer Cyclical – Restaurants

0.29%

Transportation – Airlines

0.19%

SUBTOTAL

33.44%

Credit Default Swaps

26.60%

SUBTOTAL

26.60%

Financial Institutions

Banking

2.30%

Finance

0.97%

Insurance

0.90%

REITS

0.86%

Brokerage

0.47%

Other Finance

0.44%

SUBTOTAL

5.94%

Utility

Electric

0.60%

SUBTOTAL

0.60%

SUBTOTAL

66.58%

Corporates – Investment Grade

Financial Institutions

Banking

4.65%

Insurance

1.90%

Finance

0.74%

REITS

0.42%

Other Finance

0.02%

SUBTOTAL

7.73%

Industrial

Energy

0.96%

Consumer Cyclical – Other

0.91%

Basic

0.83%

Transportation – Airlines

0.56%

Consumer Cyclical – Automotive

0.40%

Consumer Non-Cyclical

0.39%

Technology

0.28%

Capital Goods

0.19%

Other Industrial

0.19%

Services

0.12%

Communications – Media

0.07%

Consumer Cyclical – Retailers

0.05%

SUBTOTAL

4.95%

SUBTOTAL

12.68%

Emerging Markets – Sovereigns

Emerging Markets – Sovereigns

10.91%

Credit Default Swaps

0.46%

SUBTOTAL

11.37%

Collateralized Mortgage Obligations

Risk Share Floating Rate

7.87%

Non-Agency Fixed Rate

0.59%

Non-Agency Floating Rate

0.49%

Agency Fixed Rate

0.45%

SUBTOTAL

9.40%

Global Governments

6.51%

Commercial Mortgage-Backed Securities

Credit Default Swaps

4.82%

Non-Agency Fixed Rate CMBS

1.20%

Non-Agency Floating Rate CMBS

0.09%

SUBTOTAL

6.11%

Interest Rate Futures

5.29%

Bank Loans

Industrial

Consumer Non-Cyclical

1.10%

Technology

0.73%

Services

0.57%

Capital Goods

0.53%

Consumer Cyclical – Other

0.47%

Communications – Media

0.31%

Communications – Telecommunications

0.29%

Other Industrial

0.25%

Consumer Cyclical – Retailers

0.16%

Consumer Cyclical – Restaurants

0.11%

Consumer Cyclical – Entertainment

0.08%

Consumer Cyclical – Automotive

0.07%

Basic

0.05%

Energy

0.05%

Transportation – Airlines

0.02%

SUBTOTAL

4.79%

Utility

Electric

0.18%

SUBTOTAL

0.18%

Financial Institutions

Insurance

0.12%

SUBTOTAL

0.12%

SUBTOTAL

5.09%

Emerging Markets – Corporate Bonds

Industrial

Basic

1.67%

Energy

0.79%

Consumer Cyclical – Other

0.54%

Consumer Non-Cyclical

0.43%

Capital Goods

0.24%

Communications – Telecommunications

0.23%

Communications – Media

0.08%

Transportation – Services

0.04%

SUBTOTAL

4.02%

Utility

Electric

0.38%

SUBTOTAL

0.38%

Financial Institutions

Insurance

0.07%

Banking

0.05%

Finance

0.02%

SUBTOTAL

0.14%

SUBTOTAL

4.54%

Emerging Markets – Treasuries

1.83%

Common Stocks

1.45%

Collateralized Loan Obligations

CLO – Floating Rate

1.43%

SUBTOTAL

1.43%

Quasi-Sovereigns

Quasi-Sovereign Bonds

1.39%

SUBTOTAL

1.39%

Total Return Swaps

0.98%

Asset-Backed Securities

Other ABS – Fixed Rate

0.44%

Autos – Fixed Rate

0.27%

Home Equity Loans – Fixed Rate

0.25%

Home Equity Loans – Floating Rate

0.01%

SUBTOTAL

0.97%

Investment Companies

Funds and Investment Trusts

0.51%

SUBTOTAL

0.51%

Preferred Stocks

Financial Institutions

0.23%

Industrial

0.10%

SUBTOTAL

0.33%

Local Governments – US Municipal Bonds

0.32%

Inflation-Linked Securities

0.26%

Warrants

0.04%

Reverse Repurchase Agreements

-0.06%

Equity Futures

Equity Index Futures

-0.10%

SUBTOTAL

-0.10%

Currency Instruments

Forward Currency Exchange Contracts

-0.24%

SUBTOTAL

-0.24%

Net Cash Equivalents

Investment Companies

0.66%

Cash

0.36%

Governments – Treasuries

0.33%

Foreign Currency

-0.02%

SUBTOTAL

1.33%

Derivative Offsets

Futures Offsets

-5.24%

Swaps Offsets

-32.77%

SUBTOTAL

-38.01%

Total

100.00%

Country Breakdown

Portfolio %

United States

64.50%

Brazil

4.49%

United Kingdom

2.63%

Canada

1.86%

Mexico

1.81%

Egypt

1.39%

Colombia

1.15%

France

1.07%

Luxembourg

1.06%

Dominican Republic

1.04%

Cayman Islands

0.98%

Italy

0.97%

Argentina

0.92%

Netherlands

0.88%

Switzerland

0.86%

Nigeria

0.85%

Ukraine

0.82%

Bahrain

0.74%

Russia

0.67%

Ivory Coast

0.64%

Spain

0.60%

Zambia

0.53%

Kenya

0.49%

Ireland

0.49%

Oman

0.45%

Gabon

0.45%

South Africa

0.43%

Senegal

0.42%

Angola

0.41%

Bermuda

0.41%

Finland

0.39%

Ghana

0.39%

Sweden

0.37%

Macau

0.31%

El Salvador

0.30%

Costa Rica

0.28%

Jersey (Channel Islands)

0.27%

Ecuador

0.27%

Denmark

0.26%

Honduras

0.25%

Indonesia

0.25%

Peru

0.25%

Germany

0.25%

Hong Kong

0.23%

Israel

0.22%

India

0.20%

Turkey

0.18%

Chile

0.18%

Mongolia

0.16%

Jamaica

0.14%

Australia

0.13%

Japan

0.11%

Kazakhstan

0.07%

Venezuela

0.07%

Guatemala

0.06%

Jordan

0.06%

United Arab Emirates

0.06%

Iraq

0.06%

Morocco

0.05%

Kuwait

0.04%

China

0.03%

Lebanon

0.03%

Sri Lanka

0.02%

Pakistan

0.02%

Belgium

0.02%

Norway

0.01%

Total Investments

100.00%

Net Currency Exposure Breakdown

Portfolio %

United States Dollar

98.34%

South African Rand

0.49%

Brazilian Real

0.42%

Egypt Pound

0.41%

Indonesian Rupiah

0.25%

Euro

0.11%

Great British Pound

0.05%

Canadian Dollar

0.03%

Argentine Peso

0.02%

Nigerian Naira

0.02%

Indian Rupee

0.01%

Mexican Peso

0.01%

Malaysian Ringgit

0.01%

Norwegian Krone

0.01%

Taiwan New Dollar

0.01%

Swiss Franc

-0.01%

Chilean Peso

-0.01%

Russian Rubles

-0.06%

Colombian Peso

-0.11%

Total Net Assets

100.00%

Credit Rating

Portfolio %

AAA

5.48%

AA

0.91%

A

0.83%

BBB

19.02%

BB

28.95%

B

25.39%

CCC

9.16%

CC

0.47%

C

0.11%

D

0.62%

Not Rated

5.49%

Short Term Investments

0.99%

Reverse Repurchase Agreements

-0.06%

N/A

2.64%

Total

100.00%

Bonds By Maturity

Portfolio %

Less than 1 year

6.70%

1 to 5 years

59.21%

5 to 10 years

21.49%

10 to 20 years

6.69%

20 to 30 years

3.95%

More Than 30 years

0.47%

Other

1.49%

Total Net Assets

100.00%

Portfolio Statistics:

Average Coupon:

7.58%

Average Bond Price:

105.48

Percentage of Leverage(based on gross assets):

Bank Borrowing:

0.00%

Investment Operations:

40.58%

Preferred stock:

0.00%

Tender Option Bonds:

0.00%

VMTP Shares:

0.00%

Total Fund Leverage:

40.58%

Average Maturity:

5.45  Years

Effective Duration:

4.30  Years

Total Net Assets:

$1,120.52 Million

Net Asset Value:

$12.99

Number of Holdings:

1718

Portfolio Turnover:

32%

* Investment Operations may include the use of certain portfolio management techniques such as credit default swaps, dollar rolls, negative cash, reverse repurchase agreements and when-issued securities.

The foregoing portfolio characteristics are as of the date indicated and can be expected to change. The Fund is a closed-end U.S.-registered management investment company advised by AllianceBernstein L. P.

Cision View original content:http://www.prnewswire.com/news-releases/ab-global-high-income-fund-releases-monthly-portfolio-update-301214443.html

SOURCE AllianceBernstein Global High Income Fund, Inc.

New Las Vegas Art Gallery Exceeds Expectations Despite Pandemic Restrictions

LAS VEGAS, Jan. 25, 2021 /PRNewswire/ — Opening a new business venture during COVID-19 can be a risky proposition. However, the owners of Las Vegas’ newest art museum and gallery are thrilled with the response they’ve seen since moving to the Las Vegas Strip. When the

LAS VEGAS, Jan. 25, 2021 /PRNewswire/ — Opening a new business venture during COVID-19 can be a risky proposition. However, the owners of Las Vegas’ newest art museum and gallery are thrilled with the response they’ve seen since moving to the Las Vegas Strip. When the Park West Fine Art Museum & Gallery opened in the Forum Shops at Caesars Palace in late December, the management team had no way to know if locals and tourists would be interested in visiting an art museum with the city’s COVID restrictions in place.

«With the current occupancy limits, we had very modest expectations,» said Albert Scaglione, Founder and CEO of Park West Gallery, the world’s largest art dealer. «We knew wanted to be in Las Vegas and we knew that people were still traveling to Vegas, but we didn’t know if those travelers would seek out a new art museum with everything that’s going on. On the contrary, almost immediately, we realized that the chance to experience art in person was exactly what a lot of these people were looking for.»

According to John Block, Park West’s Executive Vice President, the new museum exceeded all of their attendance and sales expectations within the first week and that trend has only continued to grow. «Every week, it just gets better and better. Vegas is embracing us in a way that we never could have anticipated,» said Block. «We’re very strict about our COVID protocols but people keep thanking us for providing this expansive space where they can browse art and really get up close to see the brushstrokes and the textures. People are hungry for in-person experiences right now and we’re happy that we can provide something beautiful and interesting that’s meeting that need.»

The free-to-the-public Park West Fine Art & Museum offers guests over 7,000-square-feet of art to explore. More than half of the location is dedicated to their museum collection, which presents a curated selection of masterworks from some of the greatest artists in history. Guests can find works that have appeared in museum exhibitions around the world from legendary artists like Pablo Picasso, Marc Chagall, Rembrandt van Rijn, and Toulouse-Lautrec, among others.

The remaining space at the new Park West Vegas location is dedicated to artists from their gallery collection—these are works of art that are available to purchase for interested guests. There is art available for every level of collector from many of today’s most popular artists such as Peter Max, Michael Godard, Nano Lopez, and Mark Kostabi, to name a few.

«While we’ve been excited to see how much people are loving our museum space, we’re equally happy to see how strong our art sales have been,» said Block. «I think there’s something really special about collecting art, particularly during the times we’re living in right now. It’s a very tactile, emotional, and physical experience, and it’s fantastic seeing people light up because they know they can take this new painting or new sculpture home with them.»

The owners of the new Park West Fine Art Museum & Gallery are also quick to point out how generous the Las Vegas community has been ever since they opened. «From day one, Las Vegas has been wonderful to us,» said Scaglione. «The people at Caesars have been exceptionally welcoming and our neighbors at the Forum Shops have told us how happy they are to have us there. It’s just great to see art and fellowship thriving as we’re all struggling to overcome this pandemic.»

Park West has big plans to keep expanding their presence in Las Vegas. In the coming weeks, they have plans to have some of their top artists make special appearances at the Vegas Museum & Gallery and they’re also exploring how the Park West Foundation, the company’s charitable arm, can begin contributing to local arts education efforts.

«Las Vegas has shown us that they’re a city that loves and appreciates art,» said Block. «We’re looking forward to showing Vegas that we love them too.»

The Park West Fine Art Museum & Gallery is located at The Forum Shops at Caesars Palace, 3500 Las Vegas Blvd, Las Vegas, NV 89109. The current hours of operation are 10 am to 10 pm and you can learn more at http://www.parkwestvegas.com or by calling 702-630-1037. You can find more information about visiting The Forum Shops at Caesars Palace Las Vegas Hotel & Casino at https://www.caesars.com/caesars-palace/things-to-do/forum-shops

About Park West Gallery

Park West Gallery is the world’s largest art dealer, bringing the experience of collecting fine art to more than 3 million customers since 1969. Whether it’s masterpieces from history’s greatest artists or the latest artwork from leading contemporary icons, Park West offers something for everyone through its accessible art exhibitions and auctions all over the world. You can learn more about Park West Gallery and its over 50-year history at http://www.parkwestgallery.com

Park West also hosts live-streaming online art auctions every weekend. To learn more about Park West’s online collecting events, visit https://www.parkwestgallery.com/online/

CONTACT: Tom Burns
tburns@parkwestgallery.com

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SOURCE Park West Gallery

Steele Honda is currently hosting the 2021 Honda Dream Garage Sales Event in St. John’s, NL

ST. JOHN’S, Newfoundland, Jan. 25, 2021 /PRNewswire-PRWeb/ — Steele Honda, a Honda dealership in St. John’s, NL, is currently hosting the 2021 Honda Dream Garage Sales Event, which is an annual event. This event features lease deals for new Honda vehicles, helping drivers to get lower rates and lower up-front payments for their next leased vehicle. Steele Honda is advertising lease deals for the 2021 Honda Civic Sedan LX CVT and the 2021 Honda CR-V LX 2WD CVT models….

ST. JOHN’S, Newfoundland, Jan. 25, 2021 /PRNewswire-PRWeb/ — Steele Honda, a Honda dealership in St. John’s, NL, is currently hosting the 2021 Honda Dream Garage Sales Event, which is an annual event. This event features lease deals for new Honda vehicles, helping drivers to get lower rates and lower up-front payments for their next leased vehicle. Steele Honda is advertising lease deals for the 2021 Honda Civic Sedan LX CVT and the 2021 Honda CR-V LX 2WD CVT models.

As seen on the homepage of the dealership’s website, steelehonda.com, the Honda Civic Sedan has been Canada’s best-selling car 23 years in a row. Its popularity can be accounted for by its versatility and quality. Drivers who would like to own a model of Canada’s best-selling car can find the 2021 Honda Civic Sedan at Steele Honda. During the sales event, eligible drivers can lease the 2021 Honda Civic Sedan LX CVT for as low as $70 on a weekly lease. This lease deal comes with no down payment costs and no security deposit. Drivers who want to finance instead of lease can enjoy 90 days of no payments when they sign during the 2021 Honda Dream Garage Sales Event.

Another option at the Steele Honda dealership is the 2021 Honda CR-V LX 2WD CVT, a model that Steele Honda advertises as having turbo-charged fuel efficiency. During the sales event, eligible lessees can lease this 2021 Honda CR-V model starting from $84 on a weekly lease with no down payment and no security deposit necessary. Drivers who would like to finance and own a 2021 Honda CR-V model instead of leasing can enjoy 90 days of ownership without payments when they sign during the event.

Media Contact

Dean Jacobs, Steele Honda, (709) 693-8732, djacobs@steelehonda.com

 

SOURCE Steele Honda

Heartland Alliance & Other National Organizations Release Plan for Equitable Economic Recovery

CHICAGO, Jan. 25, 2021 /PRNewswire-PRWeb/ — Thirty national organizations have pledged their support of a framework for a national subsidized employment program that was released today by Heartland Alliance.

The framework calls on the Biden-Harris administration to include this equitable and large-scale subsidized jobs program as part of their economic recovery plan.

The recommendations include centering people of color — and especially women of color — who have been historically…

CHICAGO, Jan. 25, 2021 /PRNewswire-PRWeb/ — Thirty national organizations have pledged their support of a framework for a national subsidized employment program that was released today by Heartland Alliance.

The framework calls on the Biden-Harris administration to include this equitable and large-scale subsidized jobs program as part of their economic recovery plan.

The recommendations include centering people of color — and especially women of color — who have been historically and currently left behind by our economy. The resource goes further in saying that failure to center people of color in recovery plans will stifle economic growth and prosperity, have long-lasting repercussions for families and communities hardest hit by the pandemic, and miss the opportunity to build back an economy that can withstand future downturns.

«Building back a better, stronger economy in the aftermath of COVID-19 requires policy solutions anchored in economic justice,» said Melissa Young, Senior Director of Research & Policy at Heartland Alliance. «We should seize the opportunity to rebuild our economy so that it works for people of color and would-be workers who have been excluded from or left behind by our labor market. An inclusive recovery will not only improve people’s lives, but improve our economy as a whole.»

Statements of Support

«All economic recovery efforts must center historically oppressed communities, especially Black and Brown youth and adults and those impacted by the criminal legal system. Even before the pandemic, too many communities were struggling to find work and earn livable wages. Young people, for example, were unemployed at twice the rate of the general public. In the midst of the public health crisis, young people of color are now experiencing unemployment rates that approach and surpass 50 percent. A national subsidized employment program that prioritizes those who have been systematically excluded from economic opportunity has the potential to redress deep-seated inequities and move us closer towards racial and economic justice.»

  • Kisha Bird, Director of Youth Policy, Center for Law and Social Policy (CLASP).

«As we recover from COVID-19 and the economic havoc left in its wake, we must put equity at the center of our policymaking. Women of color have been hardest hit in this recession, and we will only know a true recovery when their economic security is front and center. This framework for subsidized jobs is an important strategy to do just that: investing in jobs and opportunity for the people struggling the most in today’s economy.»

  • Melissa Boteach, Vice President for Income Security and Child Care/Early Learning, National Women’s Law Center

«As an intermediary that invests in and advises employment social enterprises, we believe that individuals who are overcoming adversity, including those who have been historically excluded from the workforce, deserve the opportunity to contribute their skills and talents to our economy. This equity-centered framework will ensure that individuals who are overcoming structural barriers to employment are included in economic recovery efforts by highlighting how transitional jobs programs, like employment social enterprises, are a valuable first step on an individual’s career pathway.»

  • Manie Grewal, Head of Policy, REDF (Roberts Enterprise Development Fund)

«As the nation’s largest reentry employment organization, the Center for Employment Opportunities has seen firsthand the positive impact transitional jobs have in stable employment for our participants. Heartland Alliance’s equity-centered subsidized employment framework will ensure the 600,000 individuals returning home from incarceration each year have access to economic opportunity during COVID-19 recovery.»

  • Sam Schaeffer, Chief Executive Officer, Center for Employment Opportunities

«Today, at least three in 10 young people are out of school and out of work. A subsidized employment framework like this one will turn the tide for these opportunity youth and others who are consistently shut out of the labor market. The National Youth Employment Coalition is proud to have contributed to this proposal.»

  • Thomas Showalter, Executive Director, National Youth Employment Coalition

About Heartland Alliance

Heartland Alliance works to advance human rights and champion human dignity by providing services and promoting solutions to achieve a more just global society. Society benefits when all people can participate, prosper, and reach their full potential. Through human service provision, research, and policy and advocacy campaigns, we advance solutions for health and healing, safety and justice, and economic opportunity.

Media Contact

Joe Dutra, Heartland Alliance, 312-350-0602, jdutra@heartlandalliance.org

Facebook

 

SOURCE Heartland Alliance

$5.6 Billion Worldwide Attack Helicopter Industry to 2027 – Impact of COVID-19 on the Market

DUBLIN, Jan. 25, 2021 /PRNewswire/ — The «Attack Helicopter – Global Market Trajectory & Analytics» report has been added to…

DUBLIN, Jan. 25, 2021 /PRNewswire/ — The «Attack Helicopter – Global Market Trajectory & Analytics» report has been added to ResearchAndMarkets.com’s offering.

Research and Markets Logo

The publisher brings years of research experience to the 7th edition of this report. The 140-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.

Global Attack Helicopter Market to Reach $7.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Attack Helicopter estimated at US$5.6 Billion in the year 2020, is projected to reach a revised size of US$7.1 Billion by 2027, growing at a CAGR of 3.5% over the period 2020-2027.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 6.3% CAGR

The Attack Helicopter market in the U.S. is estimated at US$1.5 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$1.5 Billion by the year 2027 trailing a CAGR of 6.3% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1% and 2.6% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.7% CAGR.

Competitors identified in this market include, among others:

  • Airbus Helicopters
  • Bell Helicopter Textron, Inc.
  • Boeing Company
  • Denel Aeronautics
  • Hindustan Aeronautics Limited
  • Leonardo S. p. A
  • Md Helicopters, Inc.
  • Russian Helicopters, JSC
  • Turkish Aerospace Industries, Inc. (TAI)

Key Topics Covered:

I. INTRODUCTION, METHODOLOGY & REPORT SCOPE

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Global Competitor Market Shares
  • Attack Helicopter Competitor Market Share Scenario Worldwide (in %): 2019 & 2025
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

  • Total Companies Profiled: 44

For more information about this report visit https://www.researchandmarkets.com/r/bewk4

Media Contact:

Research and Markets
Laura Wood, Senior Manager
press@researchandmarkets.com   

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
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U.S. Fax: 646-607-1904
Fax (outside U.S.): +353-1-481-1716

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SOURCE Research and Markets

Local McLaren Dealership Offers Oil Change Service for McLaren Supercars

CHICAGO, Jan. 25, 2021 /PRNewswire-PRWeb/ — For most automakers and service departments, an oil change is seen as a routine maintenance appointment. However, McLaren and McLaren Chicago like to view this service as special since McLaren models are exotic and need unique attention. McLaren supercar owners are encouraged to <a target="_blank"…

CHICAGO, Jan. 25, 2021 /PRNewswire-PRWeb/ — For most automakers and service departments, an oil change is seen as a routine maintenance appointment. However, McLaren and McLaren Chicago like to view this service as special since McLaren models are exotic and need unique attention. McLaren supercar owners are encouraged to visit McLaren Chicago for an oil change where the technicians are trained to deliver perfection with every service.

While oil changes often happen every three to six months or every 3,000 to 5,000 miles, McLaren models are a little different. Maintenance scheduling for McLaren supercars are broken down into 10,000-mile, 12-month intervals. After the first year of driving or first 10,000 miles, McLaren owners should bring their supercar to the McLaren Chicago Service Center to replace their oil and oil filter. This service will then last for another 10,000 miles or 12 months, whichever occurs first.

McLaren Chicago oil change service appointments are also unique in that an inspection is included. After the oil and oil filter are changed, the technician will inspect the air filters, steering components, suspension system, brakes, electrical connections, fluids, tires, wheels and tire repair kit. In addition to inspecting these parts, a multi-point inspection will also be done to ensure that everything is working correctly.

If any customers would like to learn more about this oil change service, they can find more information at mclarenchicago.com. Questions can also be answered by calling the service department at 312-635-6482. The service center is open Monday through Friday from 8 a.m. to 5 p.m. and on Saturday from 8 a.m. to 2 p.m. McLaren Chicago is located at 645 W. Randolph St. in Chicago.

Media Contact

Josh King, McLaren Chicago, 312-635-6482, josh.king@mclarenchicago.com

 

SOURCE McLaren Chicago

Hurtigruten Invites Travelers to Celebrate National Plan a Vacation Day with $500 Deposits to Book Future Travel Between 1/25 – 1/29

The World Leader in Exploration Travel Gives Explorers Special Savings on Sailings to Marquee Destinations

SEATTLE, Jan. 25, 2021 /PRNewswire/ — Hurtigruten, the world’s leading expedition cruise line, is giving travelers the ability to book future sailings in honor of National Plan a Vacation Day with $500 deposits.  Americans left more than 760 million vacation days on the table in 2020. Now, explorers don’t need to wait to cross bucket list…

The World Leader in Exploration Travel Gives Explorers Special Savings on Sailings to Marquee Destinations

SEATTLE, Jan. 25, 2021 /PRNewswire/ — Hurtigruten, the world’s leading expedition cruise line, is giving travelers the ability to book future sailings in honor of National Plan a Vacation Day with $500 deposits.  Americans left more than 760 million vacation days on the table in 2020. Now, explorers don’t need to wait to cross bucket list destinations off of their list this year and can discover savings on itineraries to The British Isles, Norway, Antarctica and more.  Guests can reserve a future sailing with only a $500 deposit when they book between January 25thJanuary 29th online at https://www.hurtigruten.com/offers/Plan_for_Adventure/ or by phone at 1-866-679-8305.

«We understand the strong traveler demand to set sail once again and there’s no better time to plan for the future than on National Plan a Vacation Day,» says John Downey, President of the Americas for Hurtigruten. «This limited time offer allows guests the opportunity to book a sailing to a variety of destinations offering unique experiences hand-crated by our expert team.»

Travelers can discover new destinations with savings on expedition cruises to some of the world’s most extraordinary areas and on select itineraries, experience the world’s first hybrid electric-powered ships, MS Roald Amundsen and MS Fridtjof Nansen. Destinations available for booking with only a $500 deposit include:

The British Isles – Travelers can explore the wild beauty and historic sites including Scotland’s most scenic castles and Viking settlements, the Shetland Islands, Orkney Islands and Inner and Outer Hebrides as well as the Scottish Highlands. Guest will enjoy a rugged landscape and nature as well as a look into the area’s distilleries and traditions.

Norway – Recognized as Hurtigruten’s Destination of the Year 2021, explores who travel to Norway can expect days filled with adventures hand-selected from a local team of experts.  Drawing from Norwegian heritage, both the coastal and expedition itinerary options are steeped in culture, connecting guests with the warmth of community the destination is known for.

Antarctica – Explorers are invited to embark on a polar excursion with the leader in exploration travel. A seasoned and passionate team will take guests to the most unique and remote place on earth to discover the frozen wilderness on land and at sea. Travelers can embrace sustainable travel as they get a deeper understanding of the fragile ecosystem while aboard one of the greenest fleet’s newest hybrid electric powered ships, MS Roald Amundsen and MS Fridtjof Nansen.

Travelers ready to celebrate National Plan a Vacation Day can book online at https://www.hurtigruten.com/offers/Plan_for_Adventure/  by calling Hurtigruten at 1-866-679-8305.

About Hurtigruten 
Hurtigruten is the world leader in exploration travel. As the largest cruise operator in polar waters, and with 126 years of know-how, they offer immersive experiences to some of the world’s most pristine and remote destinations, including Antarctica, Alaska, Arctic Canada and the Northwest Passage, Greenland, Iceland, Norway, Svalbard, and more. Hurtigruten’s fleet consists of 14 expedition ships, custom built for adventure travel, including two of the world’s first hybrid electric-powered ships, MS Roald Amundsen and MS Fridtjof Nansen. These ships are two of the most advanced and environmentally friendly expedition vessels at sea.  Hurtigruten is an industry leader in sustainability, with a deep commitment to improving the marine environments they call home.   

 

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/hurtigruten-invites-travelers-to-celebrate-national-plan-a-vacation-day-with-500-deposits-to-book-future-travel-between-125—129-301214358.html

SOURCE Hurtigruten