Bitcoin (BTC) price is trading about 3% lower this week as it faces mild selling pressure, following a strong push higher in recent weeks. BTC price could decline 50% in the short run, says Guggenheim CIO Bitcoin price has corrected lower in the past two weeks as industry experts and analysts warn of an oversaturation in the buying interest. For instance, Guggenheim Global Chief Investment Officer (CIO) Scott Minerd said he remains bullish on Bitcoin in the long run but expects the cryptocurrency to face a major correction soon. Are you looking for fast-news, hot-tips and market analysis? Sign-up for the Invezz newsletter, today. “Given the massive move we’ve had in bitcoin over the short run, things are very frothy, and I think we’re going to have to have a major correction in bitcoin,” Minerd told CNBC. He adds that a pullback to $20,000 to $30,000 is a possibility, “which would be a 50% decline, but the interesting thing about bitcoin is we’ve seen these kinds of declines before,” Minerd said. Still, he believes it’s part of “the normal evolution in what is a longer-term bull market,” and that Bitcoin would eventually hit $400,000 to $600,000 per unit. Similarly, CEO of Galaxy Digital Mike Novogratz warned that the crypto market moved upwards too fast and a correction may be coming soon. Ethereum breaks resistance against BTC One of the possible reasons behind a somewhat depressed
SHANGHAI, April 30, 2021 /PRNewswire/ -- Shanghai Electric (SEHK: 02727, SSE: 601727), the world's leading manufacturer and supplier of power generation and industrial equipment, has released its 2020 Corporate Social Responsibility Report ("the Report"). The Report, the 12th CSR report and the 5th ESG report of Shanghai Electric, details the data disclosed from Shanghai Electric's headquarters, internal institutions, branches, wholly-owned subsidiaries and holding companies.The Report demonstrates the group's commitment to corporate governance and product performance, with a focus on the MSCI Environmental, Social, and Corporate Governance (ESG) rating and the Hang Seng Corporate Sustainability Index. It highlights Shanghai Electric's outstanding performance to date in smart energy, intelligent manufacturing and intelligent cities, as well as its journey to transform several major areas of its business using innovative intelligent technologies. The Report also outlines key efforts made by Shanghai Electric in the fight against COVID-19."2020 presented a complex landscape for development, particularly in light of the monumental impact of the pandemic. Faced with this challenging environment, Shanghai Electric has remained committed to our mission to champion green, smart, interconnected and comprehensive solutions. As one of the world's leading power equipment manufacturing companies, we continue to seek new ways to fulfil our responsibility to our shareholders, customers, partners, employees, the environment and the broader community," said Zheng Jianhua, Chairman of the Board and Chief Executive Officer of Shanghai Electric Group.Corporate governance: A comprehensive ESG governance system that integrates sustainability into Shanghai Electric's long-term strategic goals
Shanghai Electric has established a special ESG governance structure to ensure sustainable development is embedded into the group's strategic layout. The top-down structure consists of the board of directors, ESG management committee including an ESG expert committee, and an ESG task force containing the board of directors and three sub-groups. Product development: combining intelligence and innovationRelying on its advantages in the equipment manufacturing industry, Shanghai Electric has strived to build an "industrial triangle ecosystem" comprised of smart equipment, the industrial Internet, and intelligent supply chains. Internally, the company has leveraged digital transformation to support the development of intelligent manufacturing, smart energy, and intelligent transportation; while its external empowerment programs support the development of a comprehensive and multi-dimensional smart city.On the innovation front, Shanghai Electric shifted its focus towards high-tech industrialization and strategic emerging industries. The company continued to support technology research and product development in key areas, and actively explored and cultivated new industries and technologies. During the reporting period, Shanghai Electric had committed RMB 4.75 billion to R&D, which was an increase of 8.55% year-on-year and accounted for 3.47% of annual total operating income.Environmental responsibility: conserving energy, enhancing efficiency, and reducing emissions
Over the years, Shanghai Electric has adhered to its belief that environmental conservation is pivotal to sustainable development, and the company has included environmental considerations at every link within its industrial chain. The Report demonstrates that Shanghai Electric is continually exploring eco-friendly operating models for green management, energy conservation, efficiency enhancement and emissions reduction.The company has actively promoted the development of high-efficiency energy-saving projects, including: the Shanghai Electric Golmud Meiman Minhang 32MW/64MWh energy storage station; the world's first 1000MW ultra-supercritical steam turbine, which saves over 200,000 tons of standard coal every year; and Unit 5 and 6 (2×1240MW) in the Guangdong Huaxia Yangxi Power Plant Phase II Project, of which Unit 5's heat consumption has already been reduced by 1.65% underrated working conditions.Shanghai Electric has also completed the application and registration of pollutant discharge permits for 107 companies, leveraged these permits to strengthen compliance, and partnered with government departments to implement green production audits for six enterprises. In 2020, the group conducted a thorough emissions investigation in 86 production enterprises, six industrial plants and five plots, from which a number of opportunities and guidelines for improvement were proposed.Social responsibility: providing assistance during the COVID-19 pandemicIn the wake of the pandemic, a number of critical cases surfaced both outside and within Shanghai Electric — strengthening the company's resolve to do its part in the battle against COVID-19.
In Pakistan where Shanghai Electric recently completed its Thar Coal Block-1 2x660MW Power Plant Project, the Thar Coal Block-1 Power Generation Company donated supplies to the Pakistani military on behalf of the Group. The company also donated 6 million rupees to the site of the project and dispatched additional staff to Pakistan to accelerate progress.Shanghai Electric also spontaneously mobilized its party members and bodies to donate RMB 8.8 million to support the fight against the pandemic. Furthermore, the company shipped over 300 mask machines across the country, accelerated the development of automated mask production lines — of which more than 621 were dispatched nationwide — and donated more than 100,000 masks and personal protective equipment to overseas partners.SOURCE Shanghai Electric
New York, July 24, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Europe Electronic Data Interchange Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Component, Type, Industry, and Country" - https://www.reportlinker.com/p05934804/?utm_source=GNWThe wide market fragmentation and high cross-border trade between European countries are among the factors driving the demand for efficient invoicing solutions.The solution segment led the Europe electronic data interchange market based on component in 2019. EDI solutions are used in a broad range of large and small to mid-sized enterprises in a multiple sectors across Europe, for interchanging commercial documents .The overall Europe electronic data interchange market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.The process also serves the purpose of obtaining overview and forecast for the Europe electronic data interchange market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.The participants typically involved in this process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe electronic data interchange market. Mulesoft, LLC; SPS Commerce, Inc.; TrueCommerce Inc.; IBM Corporation; Cleo; Descartes Systems Group Inc.; Data Masons Software LLC; Crossinx GmbH; EDICOM; and Comarch SAare among the major players in the market in this region..Read the full report: https://www.reportlinker.com/p05934804/?utm_source=GNWAbout ReportlinkerReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need - instantly, in one place.__________________________