Siemens to stop selling turbines for new coal-fired power plant projects

first_imgSiemens to stop selling turbines for new coal-fired power plant projects FacebookTwitterLinkedInEmailPrint分享Reuters:Siemens Energy, which builds steam turbines for power plants, will no longer take on new business to supply coal-fired powered stations, it said on Tuesday, making it the latest firm to scale back fossil fuel-related operations.Selling turbines to coal-fired power plants accounts for a low single-digit percentage of the company’s sales, or roughly 820 million euros ($970 million) based on 2020 figures. It has said the business is profitable.Siemens Energy will still meet existing commitments, including placed bids, and honour service contracts for combined heat and power stations.Siemens Energy, which owns 67% of wind turbine maker Siemens Gamesa, makes about 30% of its sales by catering to fossil-fuel power stations, mostly gas, where it competes with General Electric and Mitsubishi Heavy Industries.Fourth-quarter earnings before interest, tax and amortisation (EBITA) before special items fell 87% to 70 million euros ($83 million) due to impairments and restructuring costs.[Christopher Steitz]More: Siemens Energy drops most coal business following spin-offlast_img read more

Millennials demand better financial apps: SWBC

first_img 1SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr Millennials are driving innovation in the fintech space and many traditional financial institution applications miss the mark with younger generations, leaving them to consider financial products and services from nontraditional sources.“There are plenty of offerings from financial institutions, but those offerings don’t necessarily resonate very well with a growing percentage of users,” Jason O’Brien, senior vice president of payments for the San Antonio, Texas-based financial services firm SWBC, said. Millennials have higher expectations when it comes to app functionality and features, he added. continue reading »last_img read more

Bureaucratic power hinders civil servants from staying neutral in elections: Bawaslu

first_imgCivil servants (ASN) are often put in unfavorable situations that may cost them while staying neutral during elections, reveals Elections Supervisory Agency (Bawaslu) head Abhan. “Civil servants are sometimes forced to take sides by intimidation or threats from powerful bureaucrats who are not neutral within the electoral political dynamics,” Abhan said as quoted by tribunnews.com on Thursday.He added that civil servants who insisted on preserving their neutral stance would be seen as committing insubordination, which could endanger their position.Read also: Vote buying threatens to undermine year-end elections: KPKHowever, there were also civil servants who engaged in practical politics, such as joining rallies by certain candidates in hopes they will receive a promotion or other benefits in exchange, he conceded.Therefore, Abhan hoped that civil servants could preserve their neutrality through a joint regulation (SKB) on the 2020 simultaneous regional elections. “Hopefully, this won’t be an issue in this year’s election,” Abhan said. (dpk)Topics :last_img read more

Africa Cup of Nations: Algeria drop Haris Belkebla ‘to maintain discipline’

first_imgAlgeria coach Djamel Belmadi has confirmed that Haris Belkebla has been dropped from the Africa Cup of Nations squad.Belmadi explained that it was in order to ‘maintain discipline’ in the squad ahead of the finals in Egypt which begin on 21 June.“The national team coach Djamel Belmadi has decided to exclude Algeria midfielder Haris Belkebla from the Africa Cup of Nations training camp.“The coach’s decision was to maintain discipline within the group, which he considers paramount,” the Algerian Football Federation posted in a statement on Wednesday.His omission follows video footage of Belkebla appearing on social media exposing his backside on a live stream of an online game.The Brest midfielder issued an emotional apology, saying he was “broken-hearted”.“I would like to apologise to you. Of course I did not think I was live on a social network, however, what I did was out of order and has no place in a gathering of such importance,” he wrote on social media. “I do not seek to make excuses for myself because I made a mistake and I am paying the price immediately with my exclusion from the national team.“I am broken-hearted but it is a legitimate punishment by Algerian football governing bodies. Of course I do not hold a grudge against anyone except myself for disappointing and hurting you.“I simply ask you to not hold this against my family, who have raised me with far more noble values ​​than what I displayed.“My values are a lot much closer to the values ​​of our country. To all the fans, the federation, the staff, the players, my family and the coach Mr. Belmadi, I apologise and ask for your forgiveness. To my teammates, the dream stops here for me, but I hope to celebrate while watching you lift the Cup. Long live Algeria.”USM Alger midfielder Mohamed Benkhemassa is expected to replace him, but the federation is yet to confirm Belkabla’s replacement. Source: BBClast_img read more

Pitt, Penn State to meet in Big 10-ACC Challenge

first_imgPittsburgh head coach Jamie Dixon, left, talks with Talib Zanna ina game on Nov. 9, 2012 in Pittsburgh. (AP Photo/Keith Srakocic) STATE COLLEGE, Pa. (AP) — In-state rivals Penn State and Pittsburgh are facing off again — on the basketball court.The Pennsylvania programs will be pitted against each other in this year’s Big Ten-ACC Challenge. The Nittany Lions will visit the Panthers on Dec. 3.Penn State and Pitt last met in 2005, when the Panthers won 94-51 in Pittsburgh.Pitt, which is moving from the Big East to the ACC next season, leads the all-time series with Penn State 76-68.The schools are also renewing their longtime football rivalry for a four-year series starting in 2016.last_img read more