The European Securities and Markets Authority (ESMA), the EU’s securities and markets regulator, has published the interim simple, transparent and standardised (STS) notification templates for synthetic securitisations following amendments to the Securitisation Regulation (SECR).
The interim templates allow originators to notify ESMA of synthetic securitisations that meet the STS criteria.
The amended SECR was published in the Official Journal of the European Union on 6 April and enters into force today. The amended SECR extends the STS framework to synthetic securitisations. As with traditional securitisations, only those synthetic securitisations that meet pre-defined STS requirements will be published on ESMA’s website.
Until the date of the application of the Regulatory Technical Standards (RTS) specifying the content and the format of STS notifications for synthetic securitisations, originators can make the necessary information available to ESMA in writing during the interim period. ESMA makes available, in its website (LINK to the “STS securitisation notification” section), interim STS synthetic notification templates that originators can use to ensure consistency across all STS notifications.
The interim STS notification templates may be used by originators on a voluntary basis which may be subject to possible changes following the entry into force of the RTS.
Cambodia is shutting its most popular tourist destination, the centuries-old Angkor temple complex, to visitors for two weeks to help curb the country’s coronavirus outbreak.
Angkor, in Cambodia’s northern province of Siem Reap, is one of the most important archaeological sites in Southeast Asia.
The closing of the world-famous site is the latest in a slew of measures the country is taking after the number of coronavirus cases surged in February.
The Apsara Authority, the government agency that oversees the archaeological site, said that temporarily stopping local and foreign tourists from visiting the temples is important to help combat the virus. It said in a statement dated Wednesday that visitors are banned from 7 April through 20 April.
The Angkor site, in the northwestern province of Siem Reap, attracted 2.2 million foreign tourists in 2019, but experienced a sharp falloff last year due to disruptions caused by the pandemic. Cambodia allows in tourists, but they must undergo a quarantine.
The Health Ministry on Thursday announced 113 new local cases of the coronavirus and two deaths. Cambodia has recorded a total of 3,028 cases, including 23 deaths.
The ministry has traced the latest outbreak to a foreign resident who broke quarantine in a hotel and went to a nightclub in early February. The government on 20 February announced a planned two-week closure of all public schools, cinemas, bars and entertainment venues in the capital, Phnom Penh.
As the number of cases rose, the closures were extended throughout the country for schools, gyms, concert halls, museums and other gathering places.
A defunct luxury hotel in the capital has been converted into a 500-room coronavirus hospital, and the authorities are enforcing a new law imposing criminal punishment for violating health rules.
The use of face masks was made mandatory in Phnom Penh and four of the country’s most densely populated provinces.
The government stepped up other restrictions at the start of this month, including a two-week, 8 pm to 5 am curfew in Phnom Penh.
It also broadened its coronavirus vaccination campaign, targeting 1 million doses a month beginning in April. Through the end of March, about 400,000 people €” about one-third of them members of the armed forces €” had received vaccinations.
By the end of March, Cambodia had acquired more than 3.1 million doses of vaccines from China and through the World Health Organisation’s COVAX initiative. Cambodia has a population of about 17 million.
For several centuries Angkor was the center of the Khmer Kingdom. With impressive monuments, several different ancient urban plans, and large water reservoirs, the site is a unique concentration of features testifying to an exceptional civilization. Temples such as Angkor Wat, the Bayon, Preah Khan, and Ta Prohm, exemplars of Khmer architecture, are closely linked to their geographical context as well as being imbued with symbolic significance. The architecture and layout of the successive capitals bear witness to a high level of social order and ranking within the Khmer Empire. Angkor is, therefore, a major site exemplifying cultural, religious and symbolic values, as well as containing high architectural, archaeological and artistic significance.
Prime Minister Hun Sen said this week on his social media channels that vaccinations are voluntary, but that civil servants and members of the military would be at risk of being dismissed if they fail to be inoculated.
KARACHI: The European Union Aviation Safety Agency has indefinitely extended the suspension of Pakistan International Airlines flight operations in EU, “until all necessary information is available to decide on the way forward.”
The European Union Aviation Safety Agency had suspended the Third Country Operations Authorization (TCOA) to PIA in July 2020 initially for six months following the controversial and several time modified statement of the Minister of Aviation Ghulam Sarwar Khan regarding the verification of degrees of Pakistani pilots working in the national flag carrier and other airlines. The EASA decision to suspend PIA flight operations to EU had come in February 2021, after the International Civil Aviation Organisation made public a ‘Significant Safety Concern for Pakistan, indicating a serious degradation of Pakistan Civil Aviation Authority certification and oversight capabilities. Later, the EASA extended the suspension for another three months till March 31st, 2021. In its latest review, the EASA rejected the PCAA offer and found it not to be helpful in removing the (EASA) concerns about the PCAA oversight and mentioned that under the legal instruments, the Third Country Operations Authorization must be revoked.
The EASA had communicated to the CAA and PIA that “their offer to use only flight crew and engineers not holding Pakistani licenses does not fully mitigate all concerns regarding the oversight capabilities of the PCAA. At this moment, the EASA therefore considers that not all conditions required to lift the suspension are met.
EASA should now revoke the TCOA (Third Country Operations Authorization) in line with EASA, ART.235(c)(1) of Part-ART.” But the EU agency let off the drastic action and chose to extend the suspension indefinitely till all necessary information is available.
In a breather to the national flag carrier, the EASA informed the PCAA, due to the on-going technical consultations between European Commission and PCAA, the exceptional circumstances arising from the current Covid- 19 crisis and the impending ICAO audit of CAA in coming months, “the EASA has opted not to revoke your TCO Authorisation but to further extend the suspension period until all necessary information is available to decide on the way forward.”
Turkey yesterday strongly rejected accusations that it snubbed Ursula von der Leyen, one of the European Union’s most powerful executives, because of her gender, insisting that the EU’s own protocol requests were applied during a meeting at the Turkish presidential palace.
Von der Leyen, the European Commission president, and European Council chief Charles Michel met Turkish President Recep Tayyip Erdogan for talks on EU-Turkey relations on Tuesday.
The two guests were led into a large room for discussions with Erdogan, but only two chairs had been set out in front of the EU and Turkish flags for the three leaders. Von der Leyen stood looking at the men who took the chairs, expressing her astonishment with a “ehm” sound and a gesture of disappointment.
She was later seen seated on a large beige sofa, away from her male counterparts.
The images drew intense criticism on social media and accusations of gender discrimination.
Turkish Foreign Minister Mevlut Cavusoglu said Turkey had come under “extremely unfair” criticism over the visit and alleged slight.
“Turkey is a deep-rooted state and this is not the first time that it has hosted a visitor,” Cavusoglu said.
“The protocol applied during its (international) meetings is in line with international protocol rules as well as the world-renowned Turkish hospitality traditions.”
Cavusoglu insisted that Turkish and EU officials in charge of protocol had held meetings before the visit and that the arrangement was in line with EU requests. “The protocol that was applied during the narrow-scope meeting that was held at our president’s office met the requests of the EU side. In other words, such a seating arrangement was made in line with the suggestions of the EU side,” he said.
The minister added that he felt obliged to lay the blame on the EU publicly after accusations from even “the highest levels of the EU.”
Facing a barrage of questions for the second straight day, EU Commission chief spokesperson Eric Mamer did not comment on the Turkish’ version of the incident, and tried to downplay it.
“If you look at the president’s statements, what she put on her Twitter account, etc … you will see that there is no mention of this event,” Mamer said.
“Let’s not exaggerate the importance that we gave to this event. We will make sure things are clarified so future missions go ahead according to a common perception of protocol measures.”
ISTANBUL: Turkey on Wednesday blamed the EU for seating arrangements that left European Commission chief Ursula von der Leyen without a chair during a meeting with President Recep Tayyip Erdogan.
Erdogan and Turkish officials came under a torrent of criticism after images went viral of his meeting on Tuesday with von der Leyen and European Council president Charles Michel in Ankara.
The well-appointed room which the three leaders entered had only two chairs arranged next to the corresponding EU and Turkish flags.
Erdogan and Michel quickly seated themselves while von der Leyen — whose diplomatic rank is the same as that of the two men — was left standing.
“Ehm,” she said pointedly, while appearing to spread her arms in wonder.
Official images later showed her seated on a sofa opposite one taken by Turkish Foreign Minister Mevlut Cavusoglu.
Cavusoglu said on Thursday that criticism levelled against Turkey for the diplomatic blunder was “unfair”.
“The seating arrangements were made in line with the EU suggestion. Period. We would not be revealing this fact had accusations not been made against Turkey,” Cavusoglu told reporters.
“The demands and suggestions of the EU side were met and the proper protocol applied during the meeting,” he said.
The diplomatic faux pas was instantly branded “sofagate” on Twitter and became the dominant talking point of the first Turkey-EU summit in a year.
The meeting was aimed at a setting a more positive tone to relations after months of trouble on multiple fronts.
But it ended with European officials accusing Turkey — which last month withdrew from the landmark Istanbul Convention combating gender-based violence — of male chauvinism.
“First they withdraw from the Istanbul Convention and now they leave the President of European Commission without a seat in an official visit. Shameful. #WomensRights,” wrote Spanish European Parliament member Iratxe Garcia Perez.
Some also questioned why Michel was so quick to take a seat.
The European Council president broke nearly a full day of silence on Wednesday by writing on Facebook that he realised that the scene gave “the impression that I was oblivious to this situation”.
But Michel blamed it on a “protocol blunder” by Turkey that he and von der Leyen decided to overlook at the time.
The two EU leaders “chose not to worsen it by making a public incident”, Michel wrote.
“I am sad that this situation eclipsed the major and beneficial geopolitical work that we carried out together in Ankara, and of which I hope Europe will reap the benefits.”
Von der Leyen herself used a post-summit press conference to stress that she had a detailed discussion with Erdogan about women’s rights.
“I am deeply worried about the fact that Turkey withdrew from the Istanbul Convention,” she said.
European Commission spokesman Eric Mamer said the incident had “sharpened her focus on the issue”.
But Cavusoglu said Turkey knew perfectly how to follow diplomatic protocol and was simply complying with the instructions of a planning delegation sent by Brussels. “Turkey is a well-established state that hosts guests often and at every level,” he said.
BRUSSELS, April 8 (Xinhua) — The European Commission on Thursday strongly condemned the violence in Northern Ireland, the United Kingdom.
“We condemn in the strongest possible terms the acts of violence that have occurred in Northern Ireland over the past days. Nobody has anything to gain from this. We call on all those involved to refrain immediately from these violent acts,” declared the commission’s chief spokesperson Eric Mamer on Twitter.
Leaders of Britain and Ireland also called for an end to the riots. “The way to resolve differences is through dialogue, not violence or criminality,” said British Prime Minister Boris Johnson.
“I utterly condemn the violent attacks on police, a journalist, and bus driver over recent days in The North. Now is the time for the two Governments and leaders on all sides to work together to defuse tensions and restore calm,” tweeted Irish Prime Minister Micheal Martin.
The Northern Ireland Executive also said Thursday that it is “gravely concerned” by the recent riots in the region in which more than 50 police officers have been injured.
Riots erupted last week in Belfast, Northern Ireland between nationalists, loyalists and the police over the Northern Ireland Protocol, a post-Brexit trading arrangement which they claim has created barriers between Northern Ireland and the rest of Britain.
The latest development followed several nights of unrest in loyalist communities amid tensions over the Protocol within the Brexit deal between Britain and the European Union.
The Protocol, as an integral part of the Withdrawal Agreement, was ratified by both the European Union (EU) and Britain and has been in force since Feb. 1, 2020.
“The protocol was agreed to protect peace and stability in Northern Ireland, to protect the Good Friday and Belfast agreement, to protect North-South cooperation, to avoid a hard border,” said European Commission spokesperson for EU-UK relations Daniel Ferrie.
On March 31, the European executive arm received a draft UK-EU work program from the UK, following the bloc’s request to be provided with “a credible roadmap with clear deliverables and milestones for the implementation of the protocol,” said Ferrie.
The document is currently being reviewed by the European Commission, and contacts at the technical level have been established between the two parties, he added.
A day after public outcry at European Commission President Ursula van der Leyen being snubbed during an official meeting with European Council President Charles Michel and Turkish President Recep Tayyip Erdogan in Ankara, politicians in Brussels and the Turkish capital were blaming one another for the embarrassing situation.
It occurred on Tuesday (April 6), during the first meeting between EU and Turkish leaders in a year. Relations during that time have been marked by rising tensions over a number of issues, not least, Turkish oil and gas exploration in waters off the coast of Cyprus — which has sparked calls for sanctions against Ankara.
When Erdogan led Michel and von der Leyen into the large room where the meeting was to take place, he and Michel chatted as they sauntered to two seats situated beneath EU and Turkish flags, cutting off von der Leyen and leaving her to take a seat on a sofa opposite Turkey’s Foreign Minister Mevlut Cavusoglu — at which point she demonstratively cleared her throat and gestured questioningly to Erdogan.
When the images went viral, the recriminations began, with many EU observers crying chauvinism and pointing out the cynicism on display as Erdogan — who withdrew Turkey from the Istanbul Convention combating violence against women — seemingly slighted a female leader of equal diplomatic rank as himself and Michel.
Foreign Minister Cavusoglu addressed the topic on Thursday, seeking to shift blame on the EU by noting, “The protocol applied during meetings is in line with international protocol rules, as well as the world-renowned Turkish hospitality traditions.”
Cavusoglu said he felt compelled to publicly call out Brussels because of “extremely unfair” criticism of Turkey from those at “the highest levels of the EU.”
Yes, but why didn’t the EU’s Charles Michel object?
European Council President Charles Michael, too, broke a day of silence to release an awkward statement on Facebook to defend his own behavior as footage appeared to show him blithely take his seat and leave von der Leyen in the lurch.
The Belgian politician claimed the faux pas was the result of Turkey’s “strict interpretation” of protocol rules. Michel wrote that although he may have appeared “oblivious” to the situation he was anything but, defending his behavior and apparent lack of manners by writing, “while realizing the regrettable nature of the situation, we decided not to make matters worse by creating a scene.”
Michel also said he regretted “the differentiated, even diminished, treatment of the president of the European Commission.”
For her part, Von der Leyen said the situation had “sharpened her focus” when she spoke at the press conference that followed the meeting, emphasizing that she and President Erdogan had engaged in a long discussion about women’s rights.
EU Commission Spokesman Eric Mamer on Thursday refrained from direct comment on Turkish claims, seeking to play down the issue: “If you look at the president’s statements, what she put on her Twitter account, etc., you will see that there is no mention of this event,” Mamer said. “Let’s not exaggerate the importance that we attach to it.”
Why are Brussels politicians so upset with Turkey?
The incident has not gone down well in Brussels, where the European Parliament’s two largest blocs — the conservative European People’s Party (EPP) and the center-left Socialists and Democrats (S&D) — have demanded a public debate on the situation in order to get to the bottom of it. The blocs hope to have Michel and von der Leyen testify by the end of April.
Manfred Weber, a German politician who leads the EPP in Brussels, said the EU diplomatic trip had been designed to, “send a message of conviction and unity when dealing with President Erdogan. Unfortunately, it led to a split after the EU missed its opportunity to stand together as required. We expect more from EU foreign policy.”
Iratxe Garcia Perez, who leads the S&D in the European Parliament, tweeted: “First they withdraw from the Istanbul Convention and now they leave the President of European Commission without a seat in an official visit. Shameful.”
In a tweet put out on Thursday, the Spanish politician wrote: “EU-Turkey relations are crucial. But #EU unity and respect for human rights, including women’s rights, are also key.”
The public debate both blocs are demanding will also seek to answer other, more substantive long-term issues. Conservatives in the EPP, for instance, say they are concerned that Michel and von der Leyen may have made concessions to Turkey on issues like guaranteed visa-free travel in the EU for Turkish citizens or expanding the customs union without having affected any change in Turkey’s behavior in Cyprus, the Mediterranean or at the EU’s external borders.
Italian Prime Minister labels Erdogan a ‘dictator,’ angering Ankara
Italian Prime Minister Mario Draghi has perhaps used the most heated rhetoric amid the scandal, referring to Erdogan as a “dictator” on Thursday evening. He said he was “displeased” by Erdogan’s treatment of von der Leyen.
“With these dictators, let’s call them for what they are — who however are needed — one must be honest in expressing one’s diverging ideas and views about society,” Draghi told reporters, referring to Erdogan. “But one must also be prepared to cooperate with them in the interest of the country. The right balance is needed.”
Draghi’s comments infuriated the Turkish government, with Turkey’s Foreign Ministry summoning the Italian ambassador. Foreign Minister Mevlut Cavusoglu called the remarks “unacceptable” in a tweet.
What is the state of EU-Turkish relations?
At issue is also the state of the so-called 2016 EU-Turkey refugee deal, which essentially sees EU cash payments to Ankara in exchange for Turkish help managing the EU’s external borders and the return of refugees and migrants who have entered the EU via Turkey without having undergone a formal application process.
Turkish President Erdogan has repeatedly threatened to “open the gates” to the EU should Brussels fail to live up to its promises of accepting legitimate Syrian refugees now in Turkey, loosening visa restrictions for Turkish citizens traveling to the EU and continuing payments of roughly €6 billion ($7.14 billion).
The bloc is next expected to address its relations with Turkey at a European Council leaders’ meeting on June 24-25.
Turkey has been a nominal EU accession candidate since 1987, however, talks have stalled or even regressed since 2016, with some EU member states, such as Austria, demanding negotiations be broken off for good, citing a lack of compatibility between Turkish and EU values.
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<h2 class="fe_heading2">Organic Beef Meat Market 2021 | Latest Trends, Demand, Growth, Opportunities & Outlook till 2027</h2>
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Apr 08, 2021 (MarketersMedia) —
2019 Analysis and Review Organic Beef Meat Market by Product – Fresh Meat and Processed Meat for 2019 – 2027
Dubai, United Arab Emirates – April 8, 2021 /MarketersMedia/ —
The global organic beef meat market is set to proliferate at a steady 6.7% CAGR during the forecast period (2019-2027), as projected by a new report of Future Market Insights (FMI). The growth is primarily fueled by increasing awareness among consumers regarding the potential negative effects of the antibiotics and chemical additives used in the manufacturing of processed beef meat.
The global value of the organic beef meat market is projected to be valued 1.6X the current value by the end of the forecast period. North America will remain the leading regional market for organic beef meat owing to high consumption and awareness. Owing to higher consumption, USA and Canada will account for 2/5th of overall market value The growing trend of organic beef consumption in Eastern Europe will bestow lucrative opportunities for market players.
Organic Beef Meat Market: Key Driving Factors
The trend of large retail chains such as Whole Foods pushing the organic agricultural produce across their stores in Europe will increase the availability and give a boost the organic beef meat. Inclination towards organic beef meat as a result of growing awareness among consumers concerning the side effects of processed meat, is propelling the growth.
Organic Beef Meat Market: Key Restraint
High price point of organic beef is likely to hinder the sales, thus limiting rapid growth of the market.
The outbreak of COVID-19 has led to a significant impact on various internal and internal factors across industries which includes purchasing, selling, exports, value-added services among other key components for businesses. The organic beef industry is one such market that is currently facing a negative impact due to the pandemic. The industry is being indirectly affected on the back of retail stores being closed down and disruption of the supply chain, which is limiting the overall sales. Furthermore, the market is being affected due to distancing practices coupled with hindered import and export of organic beef.
However, the demand for organic beef has been stronger and the economic downturn is hampering the strong grocery sales. On a positive note, despite the decline in sales, the organic beef market is likely to regain the lost ground in the remaining quarters of the year.
Competition Landscape of Organic Beef Market
Some of the key players in the global organic beef landscape that are covered in this study include, but are not limited to, Neat Meat company, organic Prairie, Aurelian organic meat supplier group, Swillington Organic Farm Arcadian Organic Meat Co., River ford organic farmers and Eversfield, among others. The market players are focusing on building a strong brand image to gain a competitive edge.
This Future Market Insights study of 200 pages offers actionable insights on the organic beef market. The market analysis is based on product type (Fresh Meat and Processed Meat), flavor (ground beef, steak beef, chucks, and patty), distribution channel (direct sales, indirect sales, modern trade, convenience stores, online retailers, and independent retailers) across seven major regions (North America, Western Europe, Eastern Europe, Latin America, APEJ, Japan, and Middle East & Africa)
Explore Extensive Coverage of FMI’s Food & Beverages Landscape
This press release is syndicated from MarketersMEDIA, your global press release service which provides business announcements, market trends, financial analysis, expected growth forecast, predictions, and more since 2012.
MarketersMEDIA press releases syndicated on this website are accurate at the time of release. Information provided in the release such as global trends, analysis, growth forecast, and expected market share in dollars may change over time, and may or may not be accurate after the date of release.
Southern Illinois author, Ellen Krohne, publishes children’s picture book, “The Secret of a Mommy’s Love.”
When her older grandchildren learned to read, they asked to read the books that Okawville author Ellen Krohne had written. Krohne said, “No, they are about grief and you need to be a bit older to understand them.”
That got her thinking about writing a book that her little ones and growing families could enjoy. The book is illustrated by Martina Terzi, an Italian illustrator who currently lives in Denmark. The book was published this month.
“The Secret of a Mommy’s Love” tells the story of how Jesus grows a mother’s love when a new baby is coming to the family. Written in collaboration with her five oldest grandchildren about the birth of her youngest, the book describes the children’s journey to uncover a special secret about how a mommy’s love works.
Krohne and her husband, Bill, moved back to the Okawville area when they retired and Ellen began her writing career. Ellen Krohne served as the executive director of the Leadership Council Southwest Illinois and as a utility industry consultant and executive before her retirement in 2015.
Their grandchildren, the characters in the book, are Lincoln, Ellie and Quinn Hayes and Bill, Benny and Abigail Krohne. Krohne, who the children call Grandma Yellow, and Grandpa Bill, as well as their children, Ab and Crystal Krohne and Joy and Russ Hayes, are the other characters in the book.
The secret was first shared by Doris Krohne, Ellen’s mother-in-law, when Ellen was expecting Ab, her second child, and the book is dedicated in Doris’s memory.
Ellen Krohne is the award-winning author of Heartbroken – Grief and Hope Inside the Opioid Crisis and We Lost Her. She said she is looking forward to continuing her writing career and telling family stories that can bring hope and encouragement to her readers. Proceeds from her first two books and from “The Secret of a Mommy’s Love” are donated to Heartlinks Grief Center, a program of Family Hospice of Belleville.
Krohne said, “I hope you will enjoy the book and pass the special secret of how a mommy’s love works on to your family.” To learn more about the author, or request an author reading of the book for your children’s group or class, visit www.ellenkrohne.com or her Facebook page at Ellen Krohne author.
All three of her books are available for sale at Annette’s Flowers and Gifts in Okawville, at Family Hospice in Belleville and on Amazon.com at The Secret of a Mommy’s Love.
