Tractor finance – ELK Tractors http://elktractors.com/ Mon, 21 Jun 2021 22:07:45 +0000 en-US hourly 1 https://wordpress.org/?v=5.7.2 https://elktractors.com/wp-content/uploads/2021/05/cropped-icon-32x32.png Tractor finance – ELK Tractors http://elktractors.com/ 32 32 European agricultural equipment markets until 2027: Tractor, harvesting, haymaking, tillage, sowing, planting and fertilization, irrigation and crop protection, agricultural trailers, livestock, dairy products, garden machinery https://elktractors.com/european-agricultural-equipment-markets-until-2027-tractor-harvesting-haymaking-tillage-sowing-planting-and-fertilization-irrigation-and-crop-protection-agricultural-trailers-livestock-dairy/ https://elktractors.com/european-agricultural-equipment-markets-until-2027-tractor-harvesting-haymaking-tillage-sowing-planting-and-fertilization-irrigation-and-crop-protection-agricultural-trailers-livestock-dairy/#respond Mon, 21 Jun 2021 15:25:00 +0000 https://elktractors.com/european-agricultural-equipment-markets-until-2027-tractor-harvesting-haymaking-tillage-sowing-planting-and-fertilization-irrigation-and-crop-protection-agricultural-trailers-livestock-dairy/ DUBLIN, June 21, 2021– (COMMERCIAL THREAD)–The “Farm Equipment Market in Europe by Segments (Tractor, Harvesting, Haymaking, Tillage, Sowing, Planting and Fertilization, Irrigation and Crop Protection, Farm Trailers, Livestock, Dairy, Garden Machinery), Sub-segments and Forecast , companies “ report was added to ResearchAndMarkets.com offer. The European agricultural equipment market will reach US $ 75.3 billion by […]]]>


DUBLIN, June 21, 2021– (COMMERCIAL THREAD)–The “Farm Equipment Market in Europe by Segments (Tractor, Harvesting, Haymaking, Tillage, Sowing, Planting and Fertilization, Irrigation and Crop Protection, Farm Trailers, Livestock, Dairy, Garden Machinery), Sub-segments and Forecast , companies “ report was added to ResearchAndMarkets.com offer.

The European agricultural equipment market will reach US $ 75.3 billion by 2027, compared to US $ 49.8 billion in 2020 and grow with a CAGR of 6.08% in 2020-2027.

The well-known economic theory of the agricultural machinery industry is that it is cyclical like agriculture: when the price of agricultural commodities increases, the demand for agricultural machinery tends to increase accordingly. The European Commission has always compared tractors to cars, and tractors and cars belong to the same administrative unit within the Commission. As a result, most EU tractor regulations are derived from regulations originally designed for the automotive sector. The European agricultural equipment market is one of the most developed markets.

The European Association of Agricultural Machinery (CEMA) represents an industry with 7,000 companies spread across the world, many SMEs to multinationals and 150,000 direct employees. They produce a variety of 450 types of machines with an annual turnover of 26 billion euros. This machinery equipment covers any field activity from sowing to harvesting and breeding equipment, helping customers get the most out of their land, protecting the environment while providing economic benefits.

In addition, government administrations across Europe have provided various supports to farmers, such as loans, grants and easy installment plans for the purchase of better farm equipment and other farm machinery. Global initiatives further encourage farmers to increase their productivity and cultivation to meet growing consumer demand for better food products.

Germany Agricultural equipment industry

The German Association of Agricultural Employers (GLFA), most of the seasonal immigrant labor force peaked during harvest times in Germany, has dropped drastically over time. The labor shortage led to the use of tractors in the county.

Factors such as higher productivity through mechanization and lack of manpower have led to the expansion of demand for agricultural equipment in this region. According to the European Agricultural Machinery Association CEMA, around 177,000 tractors registered across Europe in 2018. Of these registrations, 39,784 tractors have less than 50 hp and, therefore, 137,503 more than 50 hp.

Recent developments in the European agricultural equipment industry

World-class technological innovation is at the heart of the European agricultural machinery industry and the global competitiveness of European agriculture.

For example, in April 2021, AGCO Corporation, a global leader in the design, manufacture and distribution of agricultural machinery and precision farming technology, announced a strategic collaboration between its AGCO Parts division and EZ-Drops based in Kirkland, IL. The agreement allows AGCO’s RoGator dealers in North America access only to parts at Y-Logic, a new, high-end nutrient delivery system installed by dealers by EZ-Drops for the RoGator Liquid Logic and existing liquid systems.

In March 2021, Kubota Corporation announced the creation of a new research and development center in Europe in order to globalize its research and development organization. Kubota will accelerate the local development of the agricultural tractor to increase its presence in European and global agricultural markets.

Main topics covered:

1. Introduction

2. Research methodology

3. Executive summary

4. Market dynamics
4.1 Growth drivers
4.2 challenges

5. European market for agricultural equipment

6. European market for agricultural tractors by horsepower
6.1 Agricultural tractors> 120 hp
6.2 Agricultural tractors 100-120 hp
6.3 Farm tractors 80-99 hp
6.4 Agricultural tractors 50-79 HP
6.5 Agricultural tractors <= 49 hp

7. European market for harvesting equipment
7.1 Cereal and root harvesting equipment
7.1.1 Self-propelled forage harvesters
7.1.2 Root harvesters
7.1.3 Combine harvesters
7.2 Other harvesting equipment
7.2.1 Presses
7.2.2 Other harvesting machines (including harvesters)

8. Haymaking equipment market
8.1 Mounted or trailed mowers
8.2 Other haymaking equipment

9. Tillage equipment market
9.1 Scarifiers and cultivators
9.2 Harrows (tooth, disc)
9.3 Plows
9.4 Other tillage equipment

10. Seeding, planting and fertilization equipment market
10.1 Organic fertilizer spreaders
10.2 Mineral fertilizer dosers
10.3 Seeders, planters and transplanters

11. Irrigation and crop protection equipment market
11.1 Sprayers, mounted or trailed
11.2 Portable sprayers, with or without motor
11.3 Mechanical irrigation systems
11.4 Other phytosanitary sprayers

12. Agricultural trailers market

13. Breeding equipment market
13.1 Poultry machines
13.2 Machines for the preparation of animal feed
13.3 Other breeding equipment

14. Dairy equipment market
14.1 Milking Machines Market
14.2 Dairy Machinery and Systems Market

15. Garden machinery market
15.1 Lawn Mower Market
15.2 Chainsaw Market
15.3 Market for tillers or tillers
15.4 Forest equipment market

16. Business analysis

For more information on this report, visit https://www.researchandmarkets.com/r/x1pwlr

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210621005594/en/

Contacts

ResearchAndMarkets.com
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press@researchandmarkets.com

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5 banking and financial services stocks for investors to buy https://elktractors.com/5-banking-and-financial-services-stocks-for-investors-to-buy/ https://elktractors.com/5-banking-and-financial-services-stocks-for-investors-to-buy/#respond Sat, 19 Jun 2021 06:17:08 +0000 https://elktractors.com/5-banking-and-financial-services-stocks-for-investors-to-buy/ Collection trends have improved significantly According to Emkay Global, recent discussions with various collection agencies indicate encouraging trends in collection and recovery across wallets and geographies despite setbacks caused by recent lockdowns amid the second wave of Covid-19. Considering that the severity of the blockages was relatively light compared to last year, most businesses remained […]]]>


Collection trends have improved significantly

According to Emkay Global, recent discussions with various collection agencies indicate encouraging trends in collection and recovery across wallets and geographies despite setbacks caused by recent lockdowns amid the second wave of Covid-19. Considering that the severity of the blockages was relatively light compared to last year, most businesses remained partially functional, experiencing only limited restrictions on the flow of goods and services.

“Fully functioning e-commerce channels have allowed even partial movement of non-essential items throughout this period, helping businesses take enough time to ramp up their operations and assume business as usual status,” said the brokerage house.

Good recoveries

Good recoveries

Higher recoveries in housing and secure products; auto loans remain mixed, the brokerage said. Although collections for unsecured SME / business loans and durable consumer products have again struggled, the credit card segment is doing better as borrowers in general prefer to hold cash. The auto finance segment remained the most vulnerable, with passenger cars and 2Ws seeing collections normalization and passenger vehicle and passenger vehicle loans (including taxi aggregators) remaining under pressure.

Although the recovery in business was halted during the second wave of Covid, there is built-in optimism for the recovery that is playing out with the gradual unlocking and improvement of the macros. We continue to love NBFCs with a decent fit and diverse mix of assets and liabilities.

5 stocks to choose from in the banking and financial services space

5 stocks to choose from in the banking and financial services space

1. HDFC

Emkay Global has placed a buy on housing finance major HDFC stock with a price target of Rs 3,100. This is a jump of nearly 20% from current levels. HDFC shares last closed at Rs 2,487 on the NSE.

2. Cholamandalam investment

This is another share that was recommended from space, in the brokerage’s research report. He set a price target of Rs 650 on the share compared to the current market price of Cholamandalam Investment of Rs 538. This is still a jump of almost 20% from the current market price.

3. Financing of Shriram transport

According to Emkay Global, although the recovery in business was halted during the second wave of Covid, there is built-in optimism for the recovery that is playing out with the gradual unlocking and improvement of macros.

He recommended a “buy” on the stock of Shriram Transport Finance with a target price of Rs 1,680, against the current market price of Rs 1,380.

4. Magma Fincorp

Magma Fincorp is an NBFC that offers auto loans, SME loans, tractor loans, etc. a jump of almost 20% from the current market price.

5. Union Finances of the Town of Shriram

Another NBFC stock recommended by the brokerage is Shriram City Union Finance. The company expects a target of an increase of Rs 1,950 on the share, compared to the current market price of 1,753.

    Warning

Warning

The above mentioned stocks were selected in the brokerage report of Emkay Global. The author, the brokerage or Greynium Information Technologies assume no responsibility for any losses that may result. The above article is for informational purposes only. Please consult a professional advisor.



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Sheriff’s Office and Lumberton Police Department are looking for suspects in separate cases https://elktractors.com/sheriffs-office-and-lumberton-police-department-are-looking-for-suspects-in-separate-cases/ https://elktractors.com/sheriffs-office-and-lumberton-police-department-are-looking-for-suspects-in-separate-cases/#respond Fri, 18 Jun 2021 19:07:35 +0000 https://elktractors.com/sheriffs-office-and-lumberton-police-department-are-looking-for-suspects-in-separate-cases/ June 17, 2021 PEMBROKE – The Lumbee Tribal Council on Thursday approved a budget of $ 1.5 million, which will consist of money provided as part of the US bailout. The budget, which is separate from the tribe’s main budget and is channeled through the Low Income Home Energy Assistance Program, will be known as […]]]>



PEMBROKE – The Lumbee Tribal Council on Thursday approved a budget of $ 1.5 million, which will consist of money provided as part of the US bailout.

The budget, which is separate from the tribe’s main budget and is channeled through the Low Income Home Energy Assistance Program, will be known as the LIHEAP ARP budget. The total amount is $ 1,568,375, said Sharon Hunt, secretary of the Tribal Council.

Budget items will include $ 1,294,897.34 for the cooling assistance program, $ 156,837.50 for administrative services, $ 76,409.01 for two salaried positions and $ 31,213.15 for fringe benefits.

The budget ordinance was approved without comment.

Also on Thursday, the Tribal Council approved a resolution calling on the Gaston County School District Board of Directors to support tribal legislation discouraging institutions from using mascots that negatively represent American Indians and to remove the Red Raider mascot from South Point High School. The school is located in the Gaston County Public School District.

The council in October approved a resolution supporting the National Congress of American Indian, which warns against negative stereotypes associated with Native American mascots.

The resolution opposes “all derogatory, offensive and / or inflammatory Native American mascots for all educational institutions.”

Despite the continued petition from Native American tribes, “there is still a lack of interest from these agencies, institutions or individuals regarding the negative and psychological impact,” said Ivonne Dial, chair of the Lumbee Tribal Council Education Committee.

In the resolution approved Thursday, the Red Raider mascot is described as “offensive, dehumanizing, mocking and humiliating” towards Native Americans.

The resolution was approved unanimously.

A motion to support Upstream USA failed after a tribal council member requested additional information about the program.

According to the association’s website, “Upstream USA is working to expand opportunities by reducing unplanned pregnancies across the United States.

Council member Gerald Goolsby, District 2, said he asked for more information about the organization at a committee meeting, but has yet to receive it.

“Because of my religious beliefs about abortion, and stuff of that nature, I will respectfully request that we postpone this,” he said.

The request to postpone the vote was rejected as the item had already been approved in committee and must be put to the vote. The motion to support Upstream USA failed on an 8-5 vote. Six members of the Council abstained.

In other cases, the Council has approved an ordinance to establish a Lumbee Tribal Constitution Reform Committee.

The Lumbee Tribal and Constitutional Ordinance committee voted on June 3 to establish a committee to assist with constitutional reform to update the founding document to better reflect the ever-changing Lumbee society, Wendy said. Moore, Chair of the Constitutional Ordinance Committee.

The new committee will work with the Tribal Council Constitution Order Committee to develop the process and amendments to establish constitutional reform.

“The Lumbee Tribal Council laid out the constitution through ordinances, but to date the tribal constitution has only one amendment dated November 16, 2001,” Moore said.

Also on Thursday, the Council learned that the tribe had awarded 44 of the 81 scholarships 2020-21 to members of the tribe.

Two of the 44 were the first recipients of the new Garret Cain Goolsby scholarship. The scholarship is awarded to a male and female athlete selected by a committee formed by the education, culture and public relations committees. Each recipient received $ 500.

All fellows will be listed on the Lumbee Tribe Facebook page and website.

Council also voted to allow the use of a maximum of $ 1,721 from the Economic Development Committee’s unrestricted fund account for promotional items.



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Minutes of the FSCC Board of Directors of May 17th https://elktractors.com/minutes-of-the-fscc-board-of-directors-of-may-17th/ https://elktractors.com/minutes-of-the-fscc-board-of-directors-of-may-17th/#respond Thu, 17 Jun 2021 23:47:59 +0000 https://elktractors.com/minutes-of-the-fscc-board-of-directors-of-may-17th/ FORT SCOTT COMMUNITY COLLEGEBoard meeting minutesMay 17, 2021PRESENT: John Bartelsmeyer, Jim Fewins, Dave Elliott, Kirk Hart, Bill Meyer and Robert Nelson (via Zoom)ALSO PRESENT: Alysia Johnston, President, Juley McDaniel, Clerk of the Council, Faculty and StaffPresident Bartelsmeyer opened the meeting at 5:32 p.m. in the Cleaver-Burris-Boileau room. The meeting was openedwith the oath of allegiance. […]]]>


FORT SCOTT COMMUNITY COLLEGE
Board meeting minutes
May 17, 2021
PRESENT: John Bartelsmeyer, Jim Fewins, Dave Elliott, Kirk Hart, Bill Meyer and Robert Nelson (via Zoom)
ALSO PRESENT: Alysia Johnston, President, Juley McDaniel, Clerk of the Council, Faculty and Staff
President Bartelsmeyer opened the meeting at 5:32 p.m. in the Cleaver-Burris-Boileau room. The meeting was opened
with the oath of allegiance.

CHAIRMAN’S COMMENTS: Chair Bartelsmeyer praised the FSCC maintenance and conservation teams,
noting that they are often behind the scenes but greatly contribute to the success of the FSCC. “They are not mentioned enough.
Thank you.”

CONSENT AGENDA: A motion was moved by Fewins, seconded by Elliott, and unanimously carried to approve
the consent agenda.

ACTION / DISCUSSION POINTS:
A. A motion was presented by Nelson, seconded by Meyer, and unanimously carried to approve the COVID mitigation recommendation of the COVID committee of the FSCC with the intention of changing a provision for students and / or employees in environments requiring a mask.
B. A motion was moved by Meyer, seconded by Fewins, and unanimously carried to approve the purchase of SKC Zoom Room equipment for $ 114,391.46.
C. A motion was moved by Elliott, seconded by Hart, and unanimously carried to approve the purchase of a mini excavator from OT Truck & Tractor Sales for $ 30,900.

ITEMS FOR CONSIDERATION: The Council considered the letters of correspondence.

REPORTS:
A. ADMINISTRATIVE UPDATES: Council has reviewed and heard reports from the Miami County Campus,
Student Services, Athletics, Education, Finance and Operations, and the President.
ADJOURNMENT: As there were no further business to deal with before the Trustees, a motion to adjourn was made at 6:28 a.m.
pm by Elliott, seconded by Fewins, and carried unanimously.



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Kazakhstan’s green economy: greenbacks for the Nazarbayevs? https://elktractors.com/kazakhstans-green-economy-greenbacks-for-the-nazarbayevs/ https://elktractors.com/kazakhstans-green-economy-greenbacks-for-the-nazarbayevs/#respond Wed, 16 Jun 2021 12:22:30 +0000 https://elktractors.com/kazakhstans-green-economy-greenbacks-for-the-nazarbayevs/ Just when Kazakhstan put down his stall As an aspiring actress in the global green economy, the president’s youngest daughter began to take an interest in the environment. Aliya Nazarbayeva’s first public foray into the subject came in 2012 with her half-hour documentary, Awakening, who warned of the dangers of prioritizing economic growth over ecological […]]]>


Just when Kazakhstan put down his stall As an aspiring actress in the global green economy, the president’s youngest daughter began to take an interest in the environment.

Aliya Nazarbayeva’s first public foray into the subject came in 2012 with her half-hour documentary, Awakening, who warned of the dangers of prioritizing economic growth over ecological balance.

His apparent involvement in green initiatives since then has been more lucrative.

And the results are being felt by hardened motorists. Recycling fees collected by a monopoly company with close business ties to Nazarbayeva helped drive the price of cars on the local market to some of the highest in the former Soviet region.

Good ROP, bad ROP

Kazakhstan has copied its international peers in many ways when it comes to adopting what is called an extended producer responsibility policy. The idea is that producers or importers of certain products pay a royalty in advance for the eventual elimination of this item.

The recycling fee system has been developed in 2015 and the tax on vehicles and vehicle components duly came into effect the following year.

The contract for the collection of these royalties was guaranteed by a private entity called Operator ROP. Levies per vehicle can vary between $ 1,000 and $ 9,000. This is a punitive range for a country where nominal monthly wages are around $ 520 and dozens of times higher than in Europe.

Operator ROP appeared out of nowhere in 2015. According to official documents, its owners are a woman called Shnar Muktarova – who does not have a public profile – and another company, Eco Waste Solutions.

Eco Waste Solutions is in turn registered with this same mysterious Muktarova and indicates that its legal address is in the same premises as the Luxor Wellness Club, a high-end spa that was one of the first pet projects.

The wire connecting the ROP operator to Nazarbayeva is difficult to detect, but there are strongly suggestive circumstantial clues. Her the name appears, for example, on the registration documents of Green Future Management. This company is a co-owner of another company called Autorecycling, which is one of only two in Kazakhstan authorized to recycle vehicles.

Automatic recycling prepares cars for recycling by dismantling them and removing hazardous components. According to a report On the process of the new Kursiv.kz corporate website, Operator ROP pays Autorecycling approximately $ 44 per car for this work.

The second company, Recycling company, operates a factory based in Karaganda that does most of the dismantling work. It is owned by another female entrepreneur, Meruert Makhadi.

Makhadi, like Muktarova, has an insignificant public profile, but is linked by commercial ties to Nazarbayeva. Public register lists companies ultimately controlled by Makhadi and Nazarbayeva – Kazrecycleservice and Clean city NC, respectively – as co-owners of a company called Eko Polygon Astani.

This company, specializing in waste disposal, has won approximately $ 2 million in state contracts since 2018. The capital’s waste management service is one of its notable clients.

Aliya Nazarbayeva (aeok.kz)

Nazarbayeva did not respond to requests for comment sent to the Association of Environmental Organizations of Kazakhstan, which she said. chairs. But any suggestion that she takes advantage of her closeness to power would be familiar in Kazakhstan. Several of the children of former President Nursultan Nazarbayev, who resigned in 2019 after three decades as the head of the energy-rich country, enjoy prominent public roles and fabulous wealth. Aliya’s sister, Dariga, former President of the Senate, was forced by UK court last year to reveal how she acquired $ 99 million worth of properties in London. A few months later, the Financial Times alleged that their brother-in-law, billionaire Timur Kulibayev, siphoned off tens of millions of dollars on a pipeline project while managing Kazakhstan’s sovereign wealth fund.

Lucrative waste

Kazakhstan’s environmental initiatives have been ostensibly adopted with all good intentions, but drivers are not impressed.

New car prices have skyrocketed, which may largely explain the rise in popularity cheap, smoldering clunkers.

And then in 2019, the ROP operator’s mandate was expanded to include collecting recycling fees for agricultural machinery. Farmers complain that this has effectively canceled subsidies intended to revive harvests and has warned that a knock-on effect on food prices is inevitable.

The personality of Nazarbayeva considerably complicates matters. Net Utilsboru, a Facebook group that has become a hub of opposition to disposal fees, explicitly prohibits its members from posting articles focused on Nazarbayeva. Administrators told Eurasianet, on condition of anonymity, that they feared the politicization of the topic could distract from the practical discussions.

A key goal pursued by critics of the recycling tax is to drastically reduce it. In environmentally conscious countries like the Netherlands, where recycling fees are also collected at the point of sale, the fresh is 30 euros ($ 36) for all new cars – a tiny fraction of what Kazakhstan charges.

According to price monitoring carried out by Net Utilsboru, the costs of the most popular car models in Kazakhstan have increased by 40% in dollars – and by 85% in the devaluation-prone tenge – since the end of 2015. The price spikes affected imports and locally assembled models.

So far, the group’s efforts have been in vain. A petition against fees that Net Utilsboru administrators posted on a local website last month quickly reached 40,000 signatures, only for the website itself to suddenly go offline. Site managers suggested a distributed denial of service (DDoS) attack was to blame.

Speak vulgarly

Operator ROP has a combative public defender in its chairman, Medet Kurmagaliyev.

In a recent interview with the Baige News site, Kurmagaliyev bristled at the idea that the company was making a profit. ROP was best seen as an infrastructure development institution with an environmental mission, he argued.

The high fees have helped ROP subsidize other types of recycling, such as plastics, which are not routinely recycled in Kazakhstan, he said.

When asked by his interviewer to explain how the company reinvested the roughly 58 billion tenge ($ 135 million) that it claims to have collected from last year’s fees, Kurmagaliyev did not give a details.

A response also came from the state’s propaganda coordination arm, the Ministry of Information. At the end of last year, the ministry published a statement opposing recycling fees online as an attempt to manipulate public opinion.

Since the fee was introduced, he said, the number of cars assembled in the country has increased sevenfold. The ministry also claimed that dropping the fee would make cars more expensive, although it made little effort to substantiate this argument.

If the government seems thorny about it, it is because it knows that passions can rise.

In 2019, farmers staging an unusually militant tractor protest against plans to impose recycling fees on their machines. Sectoral pressure groups have littered parliament and the president’s office with letters of complaint. Despite this, the government moved ahead and at the end of the year approved the expansion of ROP’s mandate to include equipment such as tractors and combines.

Yevgeni Mukhamedjanov, a champion of greater transparency in the recycling industry who runs a startup called EcoNetwork, is sympathetic to the public’s displeasure.

While the ROP operator regularly publishes figures on its website on the quantities of goods recycled in its system, these are “impossible to verify,” Mukhamedjanov said.

More damning, he noted, in the more than five years that the operator ROP has been in existence, Kazakhstan has still not established a national system for recycling agricultural and household waste. Landfills continue to pose environmental risks.

As if to confirm this point, the Minister of Ecology said on June 14 that the volume of household solid waste in unauthorized landfills in Kazakhstan reached 125 million tons.

Seen from this perspective, the nods to the environment appear to be in bad faith, Mukhamedjanov said.

In Kazakhstan’s green economy, “the right people start businesses for themselves and force other businesses to finance them,” Mukhamedjanov told Eurasianet.



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EFL manager reveals club narrowly missed signing of Ipswich Town player https://elktractors.com/efl-manager-reveals-club-narrowly-missed-signing-of-ipswich-town-player/ https://elktractors.com/efl-manager-reveals-club-narrowly-missed-signing-of-ipswich-town-player/#respond Tue, 15 Jun 2021 14:42:36 +0000 https://elktractors.com/efl-manager-reveals-club-narrowly-missed-signing-of-ipswich-town-player/ Gillingham boss Steve Evans has revealed the club narrowly missed the signing of 35-year-old center-back Luke Chambers earlier this summer, in a interview with Kent Online. Chambers, who spent nine seasons at Ipswich and was still present in the Tractor Boys defense with nearly 400 club appearances to his name, came out last month and […]]]>


Gillingham boss Steve Evans has revealed the club narrowly missed the signing of 35-year-old center-back Luke Chambers earlier this summer, in a interview with Kent Online.

Chambers, who spent nine seasons at Ipswich and was still present in the Tractor Boys defense with nearly 400 club appearances to his name, came out last month and opted for join Colchester United last week on a two-year contract.

However, the center-back has also been in talks with Steve Evans for a possible transfer to the Gills. On Chambers, Evans said: “I have met Luke Chambers a few times, I think he would have been really good for us.

“He chose Colchester for a variety of reasons and the only thing about Luke, we were directly with each other down the line.

“I was direct on finance, he knew that what we put in him, there could be no movement in it.

“He opened up to us and others who could produce better finances and so he had different options, not just Colchester.”

However, Evans believes Chambers decided to forgo a league instead of signing for Gillingham for another reason as well, with the Us being much closer to Ipswich than the Gills and the 35-year-old’s likely desire to stay longer. near his home.

With the prospect of luring the defender into the League One squad, the Gillingham boss is now moving on to other targets and want three or four new additions at the end of the week. According to the 58-year-old, he has already met around 20 players so far this summer, so it’s no real surprise.

The verdict:

Despite entering the final years of his professional football career, Chambers made 39 appearances for the Tractor Boys last season, so it’s no shock to see Colchester offer him a two-year contract. It will be a great asset for U to have in the fourth level.

With his experience and leadership skills, this news will be a blow to Gillingham fans. But despite former Luton Town and Hearts midfielder Olly Lee being the Gills’ only signing of the summer so farEvans is obviously working hard behind the scenes and if they can sign a few more players by the end of the week, that will serve them well for the 2021/21 campaign.

And if they can recruit another center-back similar to Chambers ‘experience and caliber, the Gills have the potential to build on last season’s 10th place finish, with Evans’ side finishing seven points behind. sixth place.



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GE and Safran: Develop https://elktractors.com/ge-and-safran-develop/ https://elktractors.com/ge-and-safran-develop/#respond Mon, 14 Jun 2021 21:20:01 +0000 https://elktractors.com/ge-and-safran-develop/ On Monday, the joint venture between General Electric (GE, financial) aeronautics and French aerospace company Safran SA (XPAR: SAF, Financial) announced that they were developing new aircraft engines focused on reducing emissions. The Cleaner Engines project aims to reduce aircraft emissions by more than a fifth from current levels. Through their joint venture, called CFM […]]]>


On Monday, the joint venture between General Electric (GE, financial) aeronautics and French aerospace company Safran SA (XPAR: SAF, Financial) announced that they were developing new aircraft engines focused on reducing emissions. The Cleaner Engines project aims to reduce aircraft emissions by more than a fifth from current levels.

Through their joint venture, called CFM International, these two companies are the world’s leading producer of jet engines for commercial aircraft, including Boeing (BA, Financial) 737 Max and the Airbus (XPAR: AIR, Financial) A320neo family. The new program is called CFM Rise, and the companies have said the new technology could go live by the mid-2030s.

CFM Rise

The Rise program (RISE stands for Revolutionary Innovation for Sustainable Engines) will work on technology that could reduce the fuel consumption of aircraft engines by more than 20%, while being compatible with sustainable aviation fuel and hydrogen.

Unlike the covered jet engines in commercial airplanes today, the new engines would be either open fan or non-shrouded. The open fan demonstrator the company released on Monday will also be an extractor, or tractor, configuration with a single stage of rotating blades and a non-rotating second stage of variable-pitch active stators.

The open fan concept increases the bypass rate by eliminating the fan duct and offers double-digit efficiency gains through a lower fan pressure ratio. The current focus of the program is the next generation of single-aisle airliners, as this will be the easiest starting point for developing new engines using this technology.

Testing of non-ducted (open) fan technology began in the 1980s, but CFM’s designs offer the most realistic development opportunity to date for this concept.

As to why the open fan demonstrator featured an extractor setup, the reality is that fundamental architectural changes will be needed to keep next-generation power plants on track to meet internationally agreed targets of halving power plants. CO2 emissions by 2050. According to CFM:

“Switching to an extractor over the counter-rotating double pushrod open rotor configuration of previous designs will allow flight testing on existing test bed aircraft and allow for mechanically simpler integration on a potentially wider variety of future ones. airliner concepts. “

Forward thinking

The decision to design cleaner engines now rather than wait until they have to do so shows the kind of forward thinking that is essential to sustaining business growth. As a historical industry leader, the CFM joint venture has an advantage over its competitors, but continued research and development is required to maintain this advantage.

Designing these engines to be compatible with multiple technologies also demonstrates forward thinking on the part of GE and Safran. The future of the technology is uncertain, and while hydrogen is widely hailed as the future of aircraft engine technology, the easiest and most achievable goal at the moment is aviation fuel. sustainable.

“Our industry is going through the most difficult times we have ever faced,” said Olivier Andriès, CEO of Safran. “We must act now to accelerate our efforts to reduce our impact on the environment.”

While CFM Rise is the most ambitious clean energy project companies have undertaken to date, they have already made strides in reducing emissions and improving efficiency. For example, the latest LEAP engine offers a 15% improvement in fuel consumption and 50% lower NOx emissions (compared to CAEP / 6 standards) in addition to a 75% reduction in noise.

As research focuses more on electric and hybrid-electric systems for small airplanes, the higher power requirements of large airplanes will require a slower transition to clean power. Continuous improvements to gas turbine engines will be required, including the open fan. Thus, a proactive approach is required for CFM to remain at the forefront of the industry.

Evaluation

One could argue that, by being at the forefront of cleaner aircraft engine technology, GE and Safran deserve to trade at higher earnings multiples. However, their aircraft engine joint venture is far from the full story of these two companies.

GE is an American multinational conglomerate that operates in aviation, healthcare, energy, renewable energy, digital industry, additive manufacturing, and venture capital and finance. Due to the deteriorating financial position, among other factors, the company began a restructuring effort towards the end of 2017, divesting non-core businesses to improve its balance sheet and avoid the accumulation of losses.

Just as things were improving, Covid-19 struck, affecting the company’s aviation unit which contributes 34% of revenue.

On June 14, GE shares were trading around $ 13.50 for a market cap of $ 118.66 billion. The GuruFocus Value chart rates the stock as significantly overvalued based on past performance and analysts’ estimates for future earnings. Whether or not the stock is a good investment at current levels seems to depend on the success of its long-term recovery.

Safran, meanwhile, is a French multinational high-tech group and a leading supplier of systems and equipment for the aerospace and defense markets. With a strong Piotroski F-Score of 4 out of 9 and an interest coverage ratio of 12.37, its financial strength is high among its peers in the industry.

Aerospace propulsion represents around half of the company’s turnover, followed by aeronautical equipment, defense and aerosystems with 37% and aircraft interiors with 12%. Higher exposure to the aerospace sector compared to GE means Safran experienced stronger headwinds in this segment last year, but the company’s strong balance sheet is well positioned to weather the storm without taking on debt too much.

On June 14, the Safran share traded around 123.64 euros ($ 149.82) for a market capitalization of 52.71 billion euros. The GF Value chart rates the stock as significantly overvalued. Factors such as the recovery of the travel industry from Covid and increased government spending on defense could help the company increase profits in the future, but just like with GE, continuous innovation is a necessary step for the company to maintain its status quo.

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Ideanomics acquires American manufacturer of electric tractors for electric vehicles Solectrac https://elktractors.com/ideanomics-acquires-american-manufacturer-of-electric-tractors-for-electric-vehicles-solectrac/ https://elktractors.com/ideanomics-acquires-american-manufacturer-of-electric-tractors-for-electric-vehicles-solectrac/#respond Mon, 14 Jun 2021 11:00:00 +0000 https://elktractors.com/ideanomics-acquires-american-manufacturer-of-electric-tractors-for-electric-vehicles-solectrac/ NEW YORK, June 14, 2021 / PRNewswire / – Ideal (NASDAQ: IDEX) is pleased to announce that it has fully acquired Solectrac inc., a Californiamanufacturer and distributor of premium zero-emission electric tractors that use clean renewable energy sources, pursuing the mission of reducing greenhouse gas emissions from commercial fleets. Climate-smart Solectrac electric tractors Ideanomics will […]]]>


NEW YORK, June 14, 2021 / PRNewswire / – Ideal (NASDAQ: IDEX) is pleased to announce that it has fully acquired Solectrac inc., a Californiamanufacturer and distributor of premium zero-emission electric tractors that use clean renewable energy sources, pursuing the mission of reducing greenhouse gas emissions from commercial fleets.

Ideanomics will support Solectrac in various business functions, providing operational confidence to grow and establish itself as a global leader and supplier of clean agricultural equipment. Solectrac has a significant head start in the electric tractor market by North America with limited competition and aligns with Ideanomics’ commitments to ESG initiatives. These commitments include accelerating the adoption of zero-emission commercial electric vehicles, transparency, accountability and environmental sustainability.

Solectrac enhances Ideanomics’ electric vehicle business ecosystem with a premium offering in the rapidly growing agricultural sector poised to embrace electric vehicles. The Solectrac electric tractor line is fully scalable and ready to market to generate revenue in the United States with proven demand. The use of the proceeds of the agreement will allow Solectrac to build up inventory, improve bargaining power, strengthen and diversify the supply chain, increase production capacity in the United States, hire additional executives and staff and fuel new sales and marketing initiatives.

“The acquisition of Solectrac fits perfectly into our EV and Mobility initiatives”, declared Alf Poor, CEO of Ideanomics. “EV tractors have proven to be superior to their diesel counterparts not only in terms of torque and overall performance, but also in terms of operating costs, reliability and positive impact on the environment. They are also an underserved part of the market when it comes to EV initiatives. For these reasons, we are delighted to bring Steve heckeroth and the Solectrac team in the Ideanomics family. With farmers and operators keen to switch from diesel to sustainable alternatives, we intend to make Solectrac the reliable and go-to brand, not just here in North America, but all over the world. “

“All of us at Solectrac are excited to join the Ideanomics ecosystem, which gives us access to a range of resources to help us evolve our marketing, operations and manufacturing capabilities,” said the founder and CEO of Solectrac. Steve heckeroth. “Our mission is to lead the transition from fossil fuel based agriculture to regenerative zero emission agriculture with the best technologies, and Ideanomics will help us accelerate our progress towards this revolutionary goal.”

About Solectrac
Solectrac, Inc., located in northern California, has developed 100% battery-electric tractors for agriculture and utilities. Solectrac tractors offer farmers around the world the ability to power their tractors using sun, wind and other clean renewable energy sources. Solectrac’s mission is to offer farmers independence from pollution, infrastructure and price volatility associated with fossil fuels.

About Ideanomics
Ideal is a global company focused on the convergence of financial services and industries in the throes of technological disruption. Our Ideanomics Mobility division is a service provider that facilitates the adoption of electric vehicles by commercial fleet operators by providing vehicle purchasing, financing and leasing and energy management solutions as part of our innovative business model from finance to recharge (S2F2C). Ideanomics Capital focuses on disruptive fintech solutions for the financial services industry. Together, Ideanomics Mobility and Ideanomics Capital provide our customers and global partners with cutting-edge technologies and services designed to improve transparency, efficiency and accountability, and our shareholders the opportunity to participate in growth sectors with high potential. .

The company is headquartered in New York, New York State, with offices in Beijing, Hangzhou, and Qingdao, and operations in the United States, China, Ukraine, and Malaysia.

Safe Harbor Declaration
This press release contains certain statements which may include “forward-looking statements”. All statements other than statements of historical fact included herein are “forward-looking statements”. These forward-looking statements are often identified by the use of forward-looking terminology such as “believes”, “expects” or similar expressions, involve known and unknown risks and uncertainties, and include statements regarding our intention to evolve our business model to become a next generation financial technology company, our business strategy and planned product offerings, our intention to phase out our oil trading and consumer electronics businesses, and potential future financial results. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The actual results of the Company could differ materially from those anticipated in these forward-looking statements due to various risks and uncertainties, such as risks relating to: our ability to continue to operate; our ability to raise additional financing to meet our business needs; the transformation of our economic model; fluctuations in our operating results; the strain on our people management, financial systems and other resources as we grow our business; our ability to attract and retain key employees and senior executives; competitive pressure; our international operations; and other risks and uncertainties disclosed in the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Position and Results of Operations” in our most recent Forms 10-K and 10-Q filed with of the Securities and Exchange Commission, and similar disclosures in subsequent reports filed with the SEC, which are available on the SEC’s website at www.sec.gov. All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these risk factors. Except as required by securities laws, the Company assumes no obligation to update these forward-looking statements.

Investor Relations and Media Contacts:

Jeremy Ertl
Skyya PR
[email protected]
Phone. : (507) 458-9404

Ideanomics, Inc.
Tony sklar, Senior Vice President of Investor Relations
55 Broadway, 19e Floor, New York, New York State 10006
[email protected]

SOURCE Ideanomics



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Pakistan places hopes in agriculture and housing for sustainable growth https://elktractors.com/pakistan-places-hopes-in-agriculture-and-housing-for-sustainable-growth/ https://elktractors.com/pakistan-places-hopes-in-agriculture-and-housing-for-sustainable-growth/#respond Sun, 13 Jun 2021 08:01:56 +0000 https://elktractors.com/pakistan-places-hopes-in-agriculture-and-housing-for-sustainable-growth/ Pakistan is confident in a sustainable economic recovery in the coming years and places high hopes in the export oriented industries, agriculture and housing sector to achieve strong results and help reduce poverty in the country. , said senior government officials. Speaking to a post-budget press conference in Islamabad on Saturday, Federal Finance Minister Shaukat […]]]>


Pakistan is confident in a sustainable economic recovery in the coming years and places high hopes in the export oriented industries, agriculture and housing sector to achieve strong results and help reduce poverty in the country. , said senior government officials.

Speaking to a post-budget press conference in Islamabad on Saturday, Federal Finance Minister Shaukat Tarin said the government has presented a growth-oriented budget that also includes measures to help business people , investors, exporters, farmers and the common man.

Share of exports in GDP

Tarin said the government wanted to promote exports and increase their volume from the current eight percent to 20 percent of gross domestic product (GDP) in the coming years. “We have suggested various measures to promote exports that would help reduce the pressure on foreign exchange reserves, in addition to developing the local industrial sector,” he said.

The minister said that the special economic zones established under the China-Pakistan Economic Corridor will also contribute to local industrial development and create employment opportunities for skilled and semi-skilled labor.

Agricultural sector development

Tarin said the government has proposed special initiatives for the development of the agricultural sector and the prosperity of the agricultural community in the country.

“We pay special attention to small landowners up to 12.5 acres and will provide up to 450,000 rupees in interest-free loans to improve agricultural production and reduce poverty. We have also mobilized the banking sector to extend credit facilities to producers at affordable rates, ”he said.

“Each farm household would receive an interest-free loan of Rs 250,000 for the purchase of agricultural inputs. Another Rs 200,000 will be provided to purchase a tractor and other machinery to bring innovation and technological advancement to the local agricultural sector, ”he added.

The finance minister said that developing marketing services, cold storage facilities and building strategic food reserves would also help reduce the threat of hoarding, artificial scarcity of food and the practice of profit. additional.

Growth-oriented budget

Tarin, who presented PTI’s fourth budget on Friday, said the main goal of the growth-focused budget is to empower the poor segment of the country so that they don’t have to wait for the fallout effect of the economy. economic progress.

“The government directly targets the poorest of the poor and facilitates them with various initiatives to improve their standard of living. It would use the “bottom-up approach” to improve the living conditions of around six million low-income households, ”the minister said.

As part of the initiative, Tarin said each urban household would benefit from an interest-free business loan of Rs 500,000. Likewise, each farm household would benefit from an interest-free loan of Rs 150,000 for each harvest, an agricultural loan with interest charges of Rs 250,000 and an interest-free loan of Rs 200,000 for the purchase. tractors and agricultural implements.

“Low interest loans of up to 2 million rupees would be given to help people buy houses, in addition to the Sehat card to each household to facilitate them in times of need,” said Tarin.

Difficult income target

Tarin said the government has set an ambitious revenue target of over 5.8 trillion rupees against 4.7 trillion rupees for the current fiscal year.

“Annual revenue collection should be increased by 20% if we are to create resources for development and achieve sustainable growth. However, we will not overload existing taxpayers and have instead decided to extend the scope of the tracking and tracing system to increase the tax base, ”assured the Minister.

“We will be introducing incentives for consumers to reach the realistic income target of Rs 5.8 trillion. The Federal Board of Revenue (FBR) had also started collecting data to identify potential taxpayers, who were eligible for pay taxes but were not yet taxable. About 312,000 potential taxpayers are expected to fall under the tax net, ”he added.

“Some 10,000 points of sale were currently in use and their number would be increased by integrating 60,000 additional commercial establishments into the system,” he added.

Tax reforms, ehsas program

Khusro Bakhtiar stressed the importance of sustaining the momentum of large-scale manufacturing growth while Razak Dawood said the government has adopted a two-pronged strategy to improve exports and promote products made in Pakistan.

“The government has focused on both traditional exports and innovative trade, including the engineering, pharmaceuticals, information technology and food processing sectors,” Dawood said.

Sania Nishtar said the number of families benefiting from Ehsaas had increased from seven million to 10 million, with the six-month disbursement for each family increasing from Rs 12,000 to Rs 13,000.

Asim Ahmed said reforms are underway at RBF and it will become a taxpayer-friendly entity, in line with Prime Minister Imran Khan’s vision.

“Digital initiatives have been introduced to facilitate taxpayers at various stages, including filing returns and claims,” he added.

Copyright © 2021 Khaleej Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).



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Pakistan places hopes in agriculture and housing for sustainable growth – News https://elktractors.com/pakistan-places-hopes-in-agriculture-and-housing-for-sustainable-growth-news/ https://elktractors.com/pakistan-places-hopes-in-agriculture-and-housing-for-sustainable-growth-news/#respond Sat, 12 Jun 2021 16:17:53 +0000 https://elktractors.com/pakistan-places-hopes-in-agriculture-and-housing-for-sustainable-growth-news/ Government provides interest-free loans to farmers and incentives to export-oriented industries to achieve sustainable growth Pakistan is confident in a sustainable economic recovery in the coming years and places high hopes in the export oriented industries, agriculture and housing sector to achieve strong results and help reduce poverty in the country. , said senior government […]]]>


Government provides interest-free loans to farmers and incentives to export-oriented industries to achieve sustainable growth

Pakistan is confident in a sustainable economic recovery in the coming years and places high hopes in the export oriented industries, agriculture and housing sector to achieve strong results and help reduce poverty in the country. , said senior government officials.

Speaking to a post-budget press conference in Islamabad on Saturday, Federal Finance Minister Shaukat Tarin said the government has presented a growth-oriented budget that also includes measures to help business people , investors, exporters, farmers and the common man.

Federal Minister of Industry Khusro Bukhtiar, Prime Minister’s Advisor for Trade Razak Dawood, Special Assistant to the Prime Minister for Poverty Reduction and Social Protection Dr Sania and Chairman of the Federal Revenue Council Asim Ahmed were also present at the press conference and clarified various aspects of the budget.

Share of exports in GDP

Tarin said the government wanted to promote exports and increase their volume from the current eight percent to 20 percent of gross domestic product (GDP) in the coming years. “We have suggested various measures to promote exports that would help reduce the pressure on foreign exchange reserves, in addition to developing the local industrial sector,” he said.

The minister said that the special economic zones established under the China-Pakistan Economic Corridor will also contribute to local industrial development and create employment opportunities for skilled and semi-skilled labor.

Agricultural sector development

Tarin said the government has proposed special initiatives for the development of the agricultural sector and the prosperity of the agricultural community in the country.

“We pay special attention to small landowners up to 12.5 acres and will provide up to 450,000 rupees in interest-free loans to improve agricultural production and reduce poverty. We have also mobilized the banking sector to extend credit facilities to producers at affordable rates, ”he said.

“Each farm household would receive an interest-free loan of Rs 250,000 for the purchase of agricultural inputs. Another Rs 200,000 will be provided to purchase a tractor and other machinery to bring innovation and technological advancement to the local agricultural sector, ”he added.

The finance minister said that developing marketing services, cold storage facilities and building strategic food reserves would also help reduce the threat of hoarding, artificial scarcity of food and the practice of profit. additional.

Growth-oriented budget

Tarin, who presented PTI’s fourth budget on Friday, said the main goal of the growth-focused budget is to empower the poor segment of the country so that they don’t have to wait for the fallout effect of the economy. economic progress.

“The government directly targets the poorest of the poor and facilitates them with various initiatives to improve their standard of living. It would use the “bottom-up approach” to improve the living conditions of around six million low-income households, ”the minister said.

As part of the initiative, Tarin said each urban household would benefit from an interest-free business loan of Rs 500,000. Likewise, each farm household would benefit from an interest-free loan of Rs 150,000 for each harvest, an agricultural loan with interest charges of Rs 250,000 and an interest-free loan of Rs 200,000 for the purchase. tractors and agricultural implements.

“Low interest loans of up to 2 million rupees would be given to help people buy houses, in addition to the Sehat card to each household to facilitate them in times of need,” said Tarin.

Difficult income target

Tarin said the government has set an ambitious revenue target of over 5.8 trillion rupees against 4.7 trillion rupees for the current fiscal year.

“Annual revenue collection should be increased by 20% if we are to create resources for development and achieve sustainable growth. However, we will not overload existing taxpayers and have instead decided to extend the scope of the tracking and tracing system to increase the tax base, ”assured the Minister.

“We will be introducing incentives for consumers to reach the realistic income target of Rs 5.8 trillion. The Federal Board of Revenue (FBR) had also started collecting data to identify potential taxpayers, who were eligible for pay taxes but were not yet taxable. About 312,000 potential taxpayers are expected to fall under the tax net, ”he added.

“Some 10,000 points of sale were currently in use and their number would be increased by integrating 60,000 additional commercial establishments into the system,” he added.

Tax reforms, ehsas program

Khusro Bakhtiar stressed the importance of sustaining the momentum of large-scale manufacturing growth while Razak Dawood said the government has adopted a two-pronged strategy to improve exports and promote products made in Pakistan.

“The government has focused on both traditional exports and innovative trade, including the engineering, pharmaceuticals, information technology and food processing sectors,” Dawood said.

Sania Nishtar said the number of families benefiting from Ehsaas had increased from seven million to 10 million, with the six-month disbursement for each family increasing from Rs 12,000 to Rs 13,000.

Asim Ahmed said reforms are underway at RBF and it will become a taxpayer-friendly entity, in line with Prime Minister Imran Khan’s vision.

“Digital initiatives have been introduced to facilitate taxpayers at various stages, including filing returns and claims,” he added.

– muzaffarrizvi@khaleejtimes.com

Muzaffar Rizvi

Editor-in-Chief / Editor-in-Chief of Khaleej Times is a well-connected journalist and economic and financial commentator. He has worked in mainstream journalism since 1997, covering the economy and key sectors of the UAE. He holds a graduate degree in economics and has won numerous awards for authentic and insightful reporting on global and regional business and economic trends.




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