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Brookfield's Offer to Brookfield Property Partners

Brookfield Asset Management’s offer to acquire the stock of its subsidiary commercial real estate arm comes at a time when vaccines are spread globally. The asset management company, headquartered in Toronto, will pay $16.50 per share. In this line, Brookfield Property announced in a press release that it has formed a committee to examine the offer. Nicholas Goodman, Managing Partner and Chief Financial Officer of Brookfield Asset Management, in his declaration said privatization will help us manage the portfolio and appreciate the real value of BPY’s assets. With assets, nearly $88 billion, Brookfield Property has been affected by the pandemic; as a result, some assets’ value sharply declined. Its assets involve malls, buildings, and other properties. Brookfield Property’s retail arm had to reduce its workforce (some 20%) in September 2020. Once among the greatest mall owners, it is now looking forward to lenders. Samira H.
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By Samira Hassanzadeh on October 19, 2021

OPEC To Increase Oil Output

Geared to fix up their schemes to gradually increase oil production by 2 million barrels on a regular daily basis over the coming months, OPEC and its partners will act in line with oil market conditions. Speaking in a session attended by OPEC and OPEC+ experts, Secretary-General of OPEC, Mohammad Barkindo, said in 2021 oil demand in the world is expected to go up to 95.9 million bpd. OPEC+, last month, planned to multiply oil output by 0.5 million barrels per day (bpd) as of January; however, some of its members were unwilling to further step up output from the month of February. In the wake of lockdowns, OPEC+ had no choice but to reduce oil production in a record quantity as global demand decreased. Vaccines have brought hope around the world’s oil economy; yet, demand for oil might not be able to reach the levels before the pandemic (nearly 100 million bpd). Samira H.
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By Samira Hassanzadeh on October 19, 2021

AYCH's Initiative To Support Youth Entrepreneurship

Calling for application, the African Youth Climate Hub (AYCH) welcomes young entrepreneurs. The program, focusing on fields of law, marketing, psychology, communication, technologies and climate, involves a 6-month training period. AYCH, at its first step, will launch 10 projects with young African entrepreneurs. They can pay a visit to youthclimatehub.org to build their private account and deliver their project after registration. The creative scheme, Climate Start-up Incubation Program, will allow young entrepreneurs to experience new things and raise their knowledge and awareness as for green business development. AYCH began its work in September 2019 to support the youth in Africa and provide them with an online platform to contribute to climate stability. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Nissan To Limit Presence in Europe

Nissan Automobile manufacturer is set to limit its participation in Europe and cooperate with companies in China and the U.S. The company will also outsource sales and production of some vehicles to its partner, Renault. The amount of outsourcing is not known yet. With a reversal in its policies, Nissan Motor is going to reduce its circulation in 30 countries, which predominantly include east of Europe. Additionally, the Avila plant of Nissan will also be closed in Spain with a new function as a warehouse. The japan-based company aims to limit production quantity by a fifth and lower operation costs by 300 billion yens in the next 3 years. The triangular relation between Nissan, Renault, and Mitsubishi companies faced challenges 2 years ago, following the arrest of Carlos Ghosn due to financial charges. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Verizon, Hearst TV's Deal to Stop Blackouts

American telecommunications company, Verizon, earlier today said a distribution deal has been made with Hearst Television, television broadcasting company, to control blackout at the threshold of the new year. No terms have been declared. Verizon is amongst the major providers of fiber optic networks in the U.S. markets like Boston and Baltimore. The contract also deals with areas including Manchester, New Hampshire, Harrisburg and Pittsburgh (in Pennsylvania). Verizon, this week, said Hearst Television, which owns channels such as WBAL-NBC in Baltimore and WGAL-NBC in Harrisburg, requested a huge rise in rates which would end up in a surge in Verizon FIOS customers’ costs. This is while Verizon had before announced that Fios users might not be able to follow their desirable entertainments including programs, news, and live sports events on the beginning day of 2021. So, the deal was inevitable. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Rise and Fall in Asia-Pacific Markets in 2020

This year, which is less than an hour away, has seen confused markets across Asia-Pacific. Nomura's Jim McCafferty reported countries including China, South Korea, Taiwan and Japan were a secure spot for investment. China, the origin of the coronavirus, saw a huge recovery; Shenzhen component growth is significant amongst Asia-Pacific premier markets, with a rise of 38.73% this year. Furthermore, China’s CSI 300 index showed top performance with a surge 27.21% during the year. South Korai, too, experienced a nice gain; Kospi saw over 30% expansion. Meanwhile, the Nasdaq Composite grew 43.44%, with a record index as investment in its tech stocks increased. This year, too, the S&P 500 did a good job with 15.52% increase. Below comes a short list of index calculations in parts of Asia-Pacific region: China's Shanghai composite: +13.87% Hong Kong's Hang Seng index: -3.4% Japan's Nikkei 225: +16.01% Singapore's Straits Times index: -11.76% Taiwan's Taiex: +22.8% Samira H.
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By Samira Hassanzadeh on October 19, 2021

China's IPO Booms Amidst Global Economic Confusion

The Chief Investment Officer of Noah Holdings William Ma in his interview with CNBC said China has seen excitement in its home-based stock market this year. He added despite the smash hit in 2020, the Initial public offering (IPO) magnitude has seen a record high in China’s domestic market since 2010. This condition will probably go on to the next year, he added. Research by EY shows that China’s stock listings have a good ranking in the current year. China stands in a good place in the globe as its companies account for half of the list. Amongst top 3, China boasts of its strong economic power which is able to overshadow stock exchange market. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Wavering Oil Market in Post-pandemic Era

As the U.S. would probably boost the stimulus and fuel demand would likely increase, oil prices saw a rise in today’s market. Brent crude oil grew 52 cents while WTI (U.S. West Texas Intermediate) increased 56 cents on Tuesday. The new type of the coronavirus has prompted fresh restrictions, which might bring a rise in future demand and inflict oil prices. The approaching meeting (January 4) by OPEC and its associates (Russia and PEC+) will perhaps affect the oil market, as well. OPEC plus supports the market and aims to increase oil output by 500,000 bpd the first month of the new year. Equally, Russia will do the same in February 2021. Alexander Novak, Deputy Prime Minister of Russia, said yesterday the new year would see extra oil demand (5 to 6 million bpd). Samira H.
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By Samira Hassanzadeh on October 19, 2021

Tanzania's Five-Year Scheme To Grow Sunflower

Tanzania has started its strategy to produce large quantity of sunflowers to tackle insufficient edible oil as well as decreasing sunflower seeds imports. The fulfillment will take five years, from 2020 to 2025. Organized by Tari (Tanzania Agricultural Research Institute), the aim is to raise 2 million tons of sunflower seeds and no less than 700,000 tons of edible oil. Institute's national coordinator for sunflower research, Frank Reuben, said an outline has been made for producing 45 tons of seeds, which will be sent over to various companies. Among others, companies including Agriculture Seed Agency (ASA), Agri-Seed Technologies, Lima Africa, and Agricpays Tanzania Ltd will collaborate with Tari, he added. Furthermore, he also declared these firms will produce at least 4,500 tons of sunflower grains, which have to get the approval seal from TOSCI, Tanzania Official Seeds Certification Institute. There’s also a foolproof plan to produce high-quality hybrid seeds, he concluded. Samira H.
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By Samira Hassanzadeh on October 19, 2021

Russian Pipe-laying Project Gains Speed

Fortuna, the Russian pipe-laying ship went away from the Baltic Sea, where the Nord Stream 2 gas pipeline construction site exists. This shows that perhaps an area of 2.6 kilometers has developed in German waters. The project, which will send gas from Russia to the countries in western Europe, was started over early December after a one-year delay as a result of U.S. sanctions. The operation of pipe laying, said to be a threat to Europe’s energy safety, will likely cost 9.5 billion euros. Next month the project by Gazprom (Gas industry company) and western companions will move over to Denmark. Over 90% of the work has been finished and over 100 kilometers still remains. Samira H.
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By Samira Hassanzadeh on October 19, 2021