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Read previewAlthough US stocks have been all the rage this year, a top-performing fund manager remains convinced that the most compelling investing opportunities are in international equities. Its 80% gain over the past five years is more than double that of the STOXX Europe 600 and is six-fold above the 13% return of Vanguard's Total International Stock Index ETF (VXUS). The Brandes International Equity Fund has been in the top 10% of its category in the last 10 years, according to Morningstar, which includes a top-1% finish in 2023. AdvertisementOnce the fund manager finds stocks that fit this bill, he thinks more like a business owner than a stock trader. Of all the opportunities in international markets, Germain is especially drawn to four stocks across various countries and industries.
Persons: , Jeff Germain, Germain, David Kelly, Brandes, He's, " Germain, Royce Organizations: Service, Vanguard's, Stock, Business, Brandes Investment Partners, Brandes International Equity Fund, JPMorgan Asset Management, Morningstar, Heidelberg, Embraer, Royce, Heineken Locations: German, Brazil, Britain
This photograph taken on February 27, 2024, shows the the Heidelberg Materials cement plant in Antoing, during a press visit. The cement plant intends to equip it's kiln with a carbon capture facility, which will enable the Antoing plant to achieve a net-zero carbon balance. Jim Skea, the head of the U.N.'s Intergovernmental Panel on Climate Change, warned on Tuesday that scaling up carbon capture still faces significant challenges. "CCS is much more like trying to push water uphill to get it into technological systems, it is more challenging." Skea's comments came during the first day of International Energy Week, formerly known as International Petroleum Week — a three-day global energy conference in London that convenes senior industry figures.
Persons: Jim Skea, Skea Organizations: International Energy, International Petroleum Locations: Heidelberg, Antoing, London
Patrick Pleul | Picture Alliance | Getty ImagesGermany's housebuilding sector has gone from bad to worse in recent months. "The housebuilding sector is, I would say, a little bit in a confidence crisis," Dominik von Achten, chairman of German building materials company Heidelberg Materials, told CNBC's "Squawk Box Europe" on Thursday. In January both the current sentiment and expectations for the German residential construction sector fell to all-time lows, according to data from the Ifo Institute for Economic Research. The business climate reading fell to a negative 59 points, while expectations dropped to negative 68.9 points in the month. Habeck pointed to higher interest rates as a key challenge for the economy, explaining that those had led to reduced investments, especially in the construction sector.
Persons: Patrick Pleul, Dominik von Achten, CNBC's, Klaus Wohlrabe, Robert Habeck, Wohlrabe, It's, Achten Organizations: Getty, Heidelberg Materials, Ifo Institute for Economic Research, Hamburg Commercial Bank, PMI, Climate Locations: Germany, Ifo, Heidelberg
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGerman housebuilding is in a 'confidence crisis,' Heidelberg Materials CEO saysHeidelberg Materials CEO Dominik von Achten discusses the company's results and the state of the German housebuilding sector.
Persons: Dominik von Achten Organizations: Heidelberg
CNN —The James Webb Space Telescope has captured scintillating portraits of 19 spiral galaxies — and the millions of stars that call them home — in unprecedented detail never seen before by astronomers. Astronomers believe that about 60% of all galaxies are spiral galaxies — and our solar system resides in one of the spiral arms of the Milky Way galaxy. Webb’s observations can help astronomers better understand star formation and the evolution of spiral galaxies like our own. The James Webb Space Telescope captured images of 19 spiral galaxies in near- and mid-infrared light. The images will be used to help astronomers determine the distribution of gas and dust in spiral galaxies, as well as how galaxies both nurture and cease the formation of stars.
Persons: James Webb, Janice Lee, Thomas Williams, , Webb’s, cocooned, Erik Rosolowsky, Webb, Rosolowsky, ” Webb, Adam Leroy, Eva Schinnerer, Max Planck, Leroy, ” Leroy Organizations: CNN, Telescope, James Webb Space, NASA, ESA, CSA, STScI, Hubble, Telescope Science, University of Alberta, Ohio State University, Max, Max Planck Institute, Astronomy Locations: Oxford, Chile, Baltimore, Edmonton, Columbus, Heidelberg, Germany
For the first time, a study showed how the cosmic rays are accelerated to near the speed of light. AdvertisementA small black hole is helping scientists understand how mysterious cosmic rays can barrel through the universe and hit Earth at nearly the speed of light. High-energy cosmic rays are constantly raining down on us from space, but scientists don't know that much about them. Speedy cosmic rays come from black holes and exploding starsOur planet is swimming in a sea of cosmic rays. But a nearby cosmic object called SS 433 provided a rare opportunity to peer into cosmic rays in unprecedented detail.
Persons: , Laura Olivera, Nieto, it's, It's, Olivera Organizations: Jets, Service, Kernphysik, OSAKA METROPOLITAN UNIVERSITY, KYOTO UNIVERSITY, SS, NASA, Science Locations: Heidelberg, OSAKA, Manatee
CNN —Astronomers using the Hubble Space Telescope have detected water molecules in the atmosphere of a small, blazing-hot exoplanet 97 light-years from Earth. The planet, named GJ 9827d, is about twice Earth’s diameter, and it’s the smallest exoplanet found to have water vapor in its atmosphere, according to a new study. Starlight filtering through the planet’s atmosphere helped astronomers measure the signature of water molecules. It’s possible that the planet is a mini-Neptune with a hydrogen-rich atmosphere that contains water vapor. Or astronomers suspect that GJ 9827d could be a warmer version of Jupiter’s icy moon Europa, which contains an ocean beneath a thick, icy crust.
Persons: , Laura Kreidberg, Max Planck, Björn Benneke, Hubble, Ian Crossfield, Pierre, Alexis Roy, we’re, ” Benneke, , GJ, Benneke, Thomas Greene, James Webb, Webb, ” Kreidberg Organizations: CNN —, Hubble, Max, Max Planck Institute, Astronomy, University of Montreal’s Trottier Institute for Research, University of Kansas, University of Montreal’s Trottier Institute, GJ 9827d, NASA’s Ames Research, James Webb Space Telescope, , 9827d Locations: Heidelberg, Germany, Lawrence , Kansas, Silicon
ATLANTA (AP) — It's a fight over land in one of rural Georgia's poorest areas, but it could have implications for property law across the state and nation. A hearing officer will take up to three days of testimony, making a recommendation to the five elected members of the Georgia Public Service Commission, who will ultimately decide. Railroads have long had the power of eminent domain, but Georgia law says such land seizures must be for “public use." “This is not a taking of necessity from private property owners to serve truly public interests and the public as a whole. The case matters because private entities need to condemn private land not only to build railroads, but also to build other facilities such as pipelines and electric transmission lines.
Persons: , Donald Garret Sr, won’t, , Daniel Kochan, Ben Tarbutton III, Janet Paige Smith, ” Smith Organizations: ATLANTA, Georgia Public Service Commission, Sandersville Railroad, CSX, Atlanta . People, Heidelberg Materials, Sandersville, Institute for Justice, Railroads, Virginia's George Mason University, Community Coalition, Southern Poverty Law Locations: Georgia's, Georgia, Sparta, Atlanta, New London , Connecticut, Heidelberg
And, according to an increasing number of holiday movies, it’s in Europe. In Notting Hill. A jolly good Christmas. A merry Scottish Christmas and even a merry Swissmas. Europe, with its cobblestoned streets (a nightmare in heels), old buildings (no central heating) and Christmas markets (those can be as good as they look onscreen), provides the perfect setting for a magical holiday adventure.
Persons: Noel, , Ali Liebert Organizations: Hallmark Locations: Europe, Rome, Vienna, Switzerland, Scotland, Notting Hill, Belgian, Heidelberg, France
Johannesburg CNN —South Africa’s transport minister and her bodyguards were robbed at gunpoint on Monday, according to the South African Police Service (SAPS). Minister Sindisiwe Chikunga was travelling on the N3 highway between Vosloorus and Heidelberg, south of Johannesburg, on Monday when the incident took place, police said. She was inside the car while her bodyguards changed the tire. A manhunt has been launched following the incident and the victims are receiving support and counseling, SAPS said. South Africa has long grappled with gun violence, with several mass shootings reported this year.
Persons: Sindisiwe Chikunga, ” Chikunga, ” SAPS, SAPS Organizations: Johannesburg CNN, South African Police Service Locations: Johannesburg, Vosloorus, Heidelberg, South Africa, KwaZulu, Natal province
Roughly 7% of all carbon emissions today come from cement production, making it one of the highest-emitting industrial sectors, according to the consulting firm McKinsey. PREVIEW“Concrete is an essential building material,” said Claude Loréa, director of cement, innovation and ESG at the Global Cement and Concrete Association. About two thirds of the clinker emissions are released by the limestone when heated while the rest come from the combustion of fuels to create the heat. Increased efficiencyOne way the industry is looking to improve sustainability in cement production is by targeting efficiency gains. Cemex, one of the world’s largest cement producers, has been working with Switzerland-based Synhelion to produce clinker using solar energy rather than coal.
Persons: , Claude Loréa, Aidan O’Sullivan, ” O’Sullivan, Gianluca Ambrosetti, Christoph Beumelburg, Rick Fox, Fox, Partanna, Hurricane Dorian, Yusuf Khan Organizations: McKinsey, Sustainable Business, Global, Concrete Association, Carbon Re, International Energy Agency, IEA, Shell, National Basketball Association Locations: portland, Spain, Switzerland, Heidelberg, Brevik, Norway, Bergen, , Delaware, Bahamas, Vegas, yusuf.khan
CNN —Astronomers have detected water vapor swirling close to a nearby star — indicating that the planets forming around it might someday be able to support life. Water vapor mysteryAstronomers were surprised to discover water vapor near the star given its age. The presence of water vapor suggests the planets could contain water in some form. Webb's Mid-Infrared Instrument detected emission lines from water vapor in the inner disk around the star. The research team plans to observe the system with Webb more in the future to reveal additional secrets as a planetary system takes shape.
Persons: Olmsted, Webb, , , Giulia Perotti, Max Planck, Rens Waters, Thomas Henning Organizations: CNN —, NASA, ESA, CSA, J, Max, Max Planck Institute, Astronomy, Radboud University Locations: Heidelberg, Germany, Netherlands
Three fossilized footprints belong to an extinct species of ancient humans dating back 300,00 years. The prints are among the oldest in Europe and are the oldest ever found in Germany. The fossilized prints were covered for millennia, until a mining company began clearing the area to access coal deposits. The fossilized prints of ancient humans and animals paints a picture of how these species may have co-existed. Researchers found the first ancient rhino print in EuropeThe human prints were surrounded by many more fossilized footprints from prehistoric animals.
Persons: , paleobotany, Flavio Altamura, Benoit Clarys, Jordi Serangeli, Serangeli, Altamura, antiquus Organizations: Service, University of Tübingen, Senckenberg Locations: Europe, Germany, Lower Saxony, Heidelberg, Schöningen, Siberia, Asia
A retired Georgia couple is battling a railroad company that wants their land. The couple is part of a group fighting Sandersville Railroad's plan to use the eminent domain process. The Institute for Justice has accused the railroad company of abusing eminent-domain power. Blaine and Marvin Smith own separate parcels of land, both of which Sandersville's push for eminent domain would impact. Institute for JusticeBen Tarbutton III, a representative for Sandersville Railroad, said the company disagreed "with the assertions made by the Institute for Justice."
Holcim shrugs off interest rate fears to raise guidance
  + stars: | 2023-04-21 | by ( John Revill | ) www.reuters.com   time to read: +3 min
Other countries such as Britain have also seen downturns this year, as higher interest rates weigh on building projects. But Holcim was undeterred, raising its outlook after what it called a strong start to the year. Holcim's first-quarter sales fell to 5.73 billion Swiss francs ($6.41 billion) from 6.44 billion, but beating the 5.66 billion forecast by analysts in a consensus of estimates. Recurring operating profit fell to 493 million francs, but topped the 464 million which analysts had forecast. On a like-for-like basis, which cuts out the impact of divestments and currency swings, sales rose 8% and recurring operating profit increased by 12%.
CNN —A new study on breast cancer deaths raises questions around whether Black women should screen at earlier ages. Even though Black women have a 4% lower incidence rate of breast cancer than White women, they have a 40% higher breast cancer death rate. “When the breast cancer mortality rate for Black women in their 40s is 27 deaths per 100,000 person-years, this means 27 out of every 100,000 Black women aged 40-49 in the US die of breast cancer during one year of follow-up. They also wrote that health policy makers should pursue equity, not just equality, when it comes to breast cancer screening as a tool to help reduce breast cancer death rates. Having dense tissue in the breast can make it more difficult for radiologists to identify breast cancer on a mammogram, and women with dense breast tissue have a higher risk of breast cancer.
Members of the AlphaFold team in front of the European Molecular Biology Laboratory in Heidelberg, Germany. AlphaFold was trained on public data resources, including those managed by the EMBL’s European Bioinformatics Institute. Meta Platforms Inc.’s new tool predicting the structure of hundreds of millions of proteins is the latest example of a breakthrough in computational biology that began several years ago at an Alphabet Inc. subsidiary. Some scientists expect the new class of artificial-intelligence systems to accelerate work in the life sciences, particularly drug development.
To try and break my habit, I decided to slow down my phone experience with a new app called One Sec. Plus, studies have shown that things like app limits that merely measure your screen time won't break compulsive habits. Sandy Gould, a senior computer-science lecturer at Cardiff University, has researched ways to curb our compulsive phone tendencies. Frederik Riedel, the German-based developer of the app, told me that creating better boundaries was the motivation behind the development of the app. I can attest to that figure: One Sec has nearly halved my compulsive Twitter use.
Generative-AI startup Aleph Alpha is in talks with investors over a new funding round, sources said. Aleph Alpha, a German generative AI startup, is in talks with investors over a new funding round, Insider has learned. Founded in 2019 by CEO Jonas Andrulis, a former machine-learning engineer at Apple, and Samuel Weinbach, Aleph Alpha researches and develops AI systems with a focus on enterprise customers. Aleph Alpha declined to comment. Aleph Alpha has a chatbot called Lumi which is built on top of its language-learning model Luminous.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHeidelberg Materials CEO: Energy prices to remain volatile in 2023Dominik von Achten, CEO of the German building materials company, discusses its results and says it's positive about 2023.
Germany backs Norwegian plan to capture carbon from cement
  + stars: | 2023-01-06 | by ( ) www.reuters.com   time to read: +2 min
Habeck's visit to the Norcem cement plant in Brevik, Norway, represents a shift in German policy back towards efforts to deal with planet-warming emissions by capturing them and making use (CCSU) of them in industrial processes. Projects have repeatedly stalled on issues of cost and environmental opposition as campaigners have been concerned carbon capture and storage can serve to prolong the use of fossil fuels. As cement-making inevitably emits carbon, its capture is necessary to mitigate pollution, and the Norwegian plant is meant to serve as a global blueprint, eventually capturing 400,000 tonnes of CO2 - half its emissions - per year. Germany aims to cut 65% of carbon dioxide emissions by 2030 compared with 1990 and to become carbon-neutral by 2045. During Habeck's visit, Norwegian state-controlled oil firm Equinor (EQNR.OL) and German utility RWE said separately they planned to develop a supply chain for low-carbon hydrogen.
Here, our picks for tech, gear and lifestyle gifts with real staying power. A Fountain Pen That’s Due for a Long Life on EarthFor almost 100 years, Lamy has been designing precise, beautiful pens in its Heidelberg, German factory. But the company didn’t make its first fountain pen until 1966, a sleek utensil crafted from a durable fiberglass resin. The metal body of the Dialog pen, by comparison, is downright chunky. Dialog Fountain Pen, $399, US-Shop.Lamy.com
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHeidelberg Materials CEO says the cost of raw materials is causing some delaysDominik von Achten, CEO of Heidelberg Materials, discusses the company's third-quarter earnings, its transition to a more sustainable product portfolio, and how increased raw material costs are impacting the business.
Under a second stage of Germany's plan, the brake would cut the gas price to 12 cents from March through to the end of April 2024 on 80% of usage. For large industrial customers, a price brake of 7 cents is to apply to the procurement price from January 2023. Hans Juergen Kerkhoff, president of the German Steel Federation, said the scheme was a key building block to support companies during the energy crisis. Comparison portal Verivox said its calculations showed that the brake proposal would reduce household gas costs by around 41%. "The gas price brake is a very important first step that gives many companies back some confidence that they can overcome the crisis," VCI Managing Director Wolfgang Grosse Entrup said in a statement, calling for an electricity price brake as well.
Some industrial giants in particular gas-heavy industries like chemicals have begun shifting production and sourcing from elsewhere, while others are switching from gas to coal or oil - spelling trouble for their carbon footprint. read moreBMW (BMWG.DE)BMW consumes around 3,500 gigawatt hours (GWh) of energy annually in Germany and Austria, three-quarters of which comes from natural gas. The carmaker can reduce its gas intake by at least 15% compared to last year, the company's chief financial officer said on Monday. LINDEThe world's largest industrial gas company said in July it produced gases which were critical from a medical or process safety perspective and so believed it would be prioritised for gas allocation from Germany' government. read moreA spokesperson declined to provide further information, saying an update would be provided later in October in line with third quarter results.
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