Liquidity improves for Europe’s banks

first_imgJames Langton ECB speeds up help for virus hit economy The average liquidity coverage ratio (LCR) of Europe’s banks continues to improve, and was significantly above the 100% minimum requirement as of the end of 2015, according to a report published on Wednesday by the European Banking Authority. The average LCR was 134%, the report shows, and the aggregate gross shortfall totalled €10.9 billion ($15.15 billion). ECB leaves interest rates and pandemic stimulus unchanged Europe’s economy shrank 0.6% in Q1 The increase in the LCR can be mainly attributed to an increase in liquid assets, which have almost doubled since June 2011, according to the report. At the same time, net cash outflows have remained relatively stable. With the new LCR requirements due to be fully implemented by January 2018, there’s no need to recommend an extension of the phasing-in period, the EBA report says. Separately, the EBA also announced that it plans to run its next EU-wide stress test in 2018. “The decision to run the next EU-wide stress test in 2018 was driven by an acknowledgement of the ongoing progress that EU-banks are making in strengthening their capital positions,” the EBA says in a statement. center_img Related news Share this article and your comments with peers on social media Keywords Europe Facebook LinkedIn Twitterlast_img read more

Electric vehicle company Lucid plans SUV, maybe a pickup, to follow sedan

first_img The Rolls-Royce Boat Tail may be the most expensive new car ever Trending Videos Lucid EV’s range approaches 830 km, besting Tesla, independent tests show RELATED TAGSPickup TruckSedanSUVLuxuryElectric CarsElectric VehiclesLuxury VehiclesNew VehiclesPickup TruckPickup Trucks We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. California-based electric vehicle company Lucid is planning an SUV to go along with its upcoming Air sedan, and beyond that, a pickup truck isn’t out of the question.Lucid CEO Peter Rawlinson also told Green Car Reports that while he expects to eventually offer a full lineup of plug-in vehicles, he has no plans to manufacture them for other companies to market as their own.The company initially planned to debut the Lucid Air at the New York Auto Show in April, but that event was cancelled due to the COVID-19 pandemic. The wraps will now come off in a global online reveal in September. Trending in Canada First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | virtual panelPlayThese spy shots get us an early glimpse of some future models | center_img Fisker promises four-EV lineup, including an electric truck, by 2025The company recently announced the Air’s range will be 832 kilometres on a single charge, topping the longest-range Tesla Model S or Porsche Taycan by more than 160 kilometres. Rawlinson, who was promoted to CEO in 2019, had been chief engineer on the Model S.In his interview with Green Car Reports, Rawlinson confirmed an SUV will be produced off the Air platform, and will go into production early in 2023. Having more than one vehicle is essential for the economy of scale necessary to build the business, he said.The plant will be expanded at that time for its production. Paint and production lines will be flexible to allow for more vehicles in future, including a pickup truck. COMMENTSSHARE YOUR THOUGHTS ‹ Previous Next › Development briefly ceased due to the pandemic, but in June, Lucid reported its 1,000-plus employees were returning to work in stages, as local and state regulations allowed.Lucid was founded in 2007 as Atieva and initially focused on battery technology, but changed its name in 2016 and announced its intention to build cars. Two years later, it received more than US$1 billion from Saudi Arabia’s Public Investment fund.The company is building a factory in Casa Grande, Arizona, which it said is the only facility in the U.S. purpose-built for electric vehicle production. Rawlinson said the factory is being built in the record time of eight months from “a piece of dirt” to a pilot production line that will be installed this month. The first Lucid Air models are planned for delivery in the spring of 2021.RELATED advertisement See More Videos Lucid announced it would open 20 sales and service outlets in North America by 2021, although Canada wasn’t on its initial list of eight confirmed locations. Like Tesla, Lucid plans to see its cars directly to the consumer. Pricing hasn’t been announced, but an initial estimate is around US$150,000 for the Air sedan. last_img read more

Visiting scholar seminar on freshwater security, science communication

first_img Published: April 21, 2017 Professor Jay FamigliettiPlease join the Center for Water, Earth Science and Technology (CWEST) for a public seminar by Jay Famiglietti, professor and hydrologist at the California Institute of Technology (Caltech) and NASA Jet Propulsion Laboratory, on Wednesday, April 26, at the Sustainability, Energy and Environment Complex (SEEC).Famiglietti’s lecture “21st Century Global Freshwater Security: Can it Exist and Can Scientists Communicate the Challenges?” will discuss the convergence of climate models and decades of satellite data that suggest an unfortunate reality: Earth’s water cycle is changing.However, paleoclimate indicators remind us this has always been the case. Freshwater is constantly being exchanged among the atmosphere, ocean, land and ice reservoirs; while, on land, patterns of precipitation, evapotranspiration, flooding and drought are shifting.The evolving water cycle of the 21st century will likely be stronger, more variable and result in broad swaths of mid-latitude drying, accelerated by the depletion of the world’s major groundwater aquifers.So what does water sustainability mean under such dynamic climate and hydrologic conditions, particularly when coupled with future projections of population growth? How will water managers cope with these new normals, and how will food and energy production be impacted?If you goWho: Open to the publicWhat: “21st Century Global Freshwater Security: Can it Exist and Can Scientists Communicate the Challenges?”When: Wednesday, April 26, 9 to 10 a.m.Where: East Campus, SEEC, room C120The responsibility of communicating this changing global water landscape falls squarely on the shoulders of the academic research community, yet the challenge of doing so is daunting. Famiglietti will review the latest research and share his personal experiences with science communication and water diplomacy.The presentation will take place at the SEEC Auditorium located on CU Boulder’s East Campus at 4001 Discovery Dr. Visitor pay parking is limited, so alternate transportation such as bicycling or riding RTD’s Stampede or Discovery Express shuttle is encouraged.In Famiglietti’s 25 years of experience researching and communicating about water and climate change, the professor has contributed to news outlets such as The New York Times and appeared as a guest expert on NPR, 60 Minutes and Real Time with Bill Maher.Categories:Lectures & PresentationsEvents & Exhibits Share Share via TwitterShare via FacebookShare via LinkedInShare via E-maillast_img read more

Sacco talks new DNA, droid bills, NJSIAA’s vote to separate public,…

first_img RELATED ARTICLESMORE FROM AUTHOR Community Community State Senator Nick Sacco (D-32), also the North Bergen mayor, spoke about two new pieces of legislation – one about obtaining DNA from criminal and the other about drone regulations – as well as the NISIAA’s decision to separate public and non-public schools. [fve][/fve]Sacco first spoke to us in June 2014 about the then-newly reformed bill that proposed giving law enforcement more freedom in obtaining DNA from criminals after an arrest is made.While that bill was vetoed, Sacco explained today what the latest incarnation of the legislation is all about. Sacco clarified that the bill is currently making it’s way through different committees in the state Senate and Assembly, respectively.Sacco also explained that new drone legislation, that was also previously vetoed, would potentially limit where drones can be flown.Finally, while it’s not a legislative matter, Sacco touched on news that the New Jersey State Interscholastic Athletic Association (NJSIAA) voted on Monday to create separate divisions for public and parochial schools – aiming to make a more level playing field for student athletes. Previous articleSheriff: Bicyclist in stable condition after being hit by car in North BergenNext articleNine Jersey City, Secaucus residents charged in $3M credit card fraud scheme John Heinis Facebook Twitter News Jersey City high school teacher suspended after rant calling George Floyd ‘a f***ing criminal’ TAGSDNA billdroid regulation billnick sacconjsiaastate senate SHARE Sacco talks new DNA, droid bills, NJSIAA’s vote to separate public, non-public schools Share on Facebook Tweet on Twitter Ex-North Bergen DPW supervisor loses appeal to overturn corruption conviction By John Heinis – December 9, 2015 4:24 pm 0 North Bergen/GuttenbergPolitics & Policy FBW says Prime Cycle’s new location violates state guidelines for Hoboken waterfrontlast_img read more

Christopherson takes helm at Port of Stockton

first_imgChristopherson has been on the Commission for a decade and practices property, estate and business law in Stockton, California.The port recorded a strong year in 2007, the latest year for which official figures have been released, and is enjoying a small but growing project cargo trade. In 2007, the port saw 3.3 million tonnes of freight, of which 6,135 tonnes was inbound project cargo. The significant traffic was the growing volumes of wind power generating equipment destined for the US Midwest. Components are loaded onto railcars on the newly constructed rail link to the port.last_img read more