FRANKFURT, Germany (AP) — Official statistics show that Europe's economic upswing slowed further in the second quarter amid jitters over a possible global trade war.Growth in the 19 countries that use the euro currency eased to...
Reported by New Zealand Herald 4 hours ago.
European economy slows amid trade fears
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Thomas Cook profits melted by heatwave as holidaymakers opt to stay home instead
The heatwave across the UK and Europe in June and July has dented demand for last minute package holidays, Thomas Cook said today.
Reported by MailOnline 4 hours ago.
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Young Englishman Becomes Prominent Figure in Early US Automobile Market in ‘Defying Destiny’
Author John H. Egbers announces release of new novel.
HOCKESSIN, Del. (PRWEB) July 31, 2018
Before advanced technologies are assimilated into daily human life, bold, daring individuals with courage and vision must endure accepting both success and failure. But who are these people – what drives a person toward such an uncertain future? In author John H. Egbers’s new novel, “Defying Destiny” (published by Archway Publishing), a young Englishman who sets out on a determined quest to become part of the motorcar’s early pioneering years is led to a destiny he never expected. The book is available for purchase at: https://www.amazon.com/Defying-Destiny-John-H-Egbers/dp/1480861359/.
Stewart Fletcher is a restless young Englishman who desperately wants to become a part of the new technological advancements that are emerging with the turn of the century. Entering the United States illegally, he lands himself in the midst of the automobile market. Stimulated by the likes of Henry Ford and Ransom Olds, Stewart quickly attains success and wealth. But just as he thinks all is well, he must face a business and personal crisis triggered by venture capitalists and a failed marriage to a talented Irish maiden.
Set after the steam engine had revolutionized society, “Defying Destiny” examines the effects technology has on culture through the early beginnings of the automobile. The narrative serves as an allegory, one which Egbers explains can be applied to other major scientific advancements that have greatly affected human interaction, including “the almost limitless sources we have available during the age of the computer.”
“Defying Destiny”
By John H. Egbers
Hardcover | 6 x 9 in | 304 pages | ISBN 9781480861343
Softcover | 6 x 9 in | 304 pages | ISBN 9781480861350
E-Book | 304 pages | ISBN 9781480861367
Available at Amazon and Barnes & Noble
About the Author
John H. Egbers was reared in the Netherlands. After completing his engineering studies, he served as an officer in the Royal Netherlands Air Force and was employed by the Royal/Dutch Shell Group and the Du Pont Company in both Europe and the United States. After retirement he was 10 years on the faculty of Lehigh University. King Baudouin of Belgium knighted him in The Royal Order of the Belgium Crown for promoting transatlantic understanding. He is also the author of a number of other titles, including “Cry for Fools,” “Fate and Furor” and “The Progressionists.” Reported by PRWeb 3 hours ago.
HOCKESSIN, Del. (PRWEB) July 31, 2018
Before advanced technologies are assimilated into daily human life, bold, daring individuals with courage and vision must endure accepting both success and failure. But who are these people – what drives a person toward such an uncertain future? In author John H. Egbers’s new novel, “Defying Destiny” (published by Archway Publishing), a young Englishman who sets out on a determined quest to become part of the motorcar’s early pioneering years is led to a destiny he never expected. The book is available for purchase at: https://www.amazon.com/Defying-Destiny-John-H-Egbers/dp/1480861359/.
Stewart Fletcher is a restless young Englishman who desperately wants to become a part of the new technological advancements that are emerging with the turn of the century. Entering the United States illegally, he lands himself in the midst of the automobile market. Stimulated by the likes of Henry Ford and Ransom Olds, Stewart quickly attains success and wealth. But just as he thinks all is well, he must face a business and personal crisis triggered by venture capitalists and a failed marriage to a talented Irish maiden.
Set after the steam engine had revolutionized society, “Defying Destiny” examines the effects technology has on culture through the early beginnings of the automobile. The narrative serves as an allegory, one which Egbers explains can be applied to other major scientific advancements that have greatly affected human interaction, including “the almost limitless sources we have available during the age of the computer.”
“Defying Destiny”
By John H. Egbers
Hardcover | 6 x 9 in | 304 pages | ISBN 9781480861343
Softcover | 6 x 9 in | 304 pages | ISBN 9781480861350
E-Book | 304 pages | ISBN 9781480861367
Available at Amazon and Barnes & Noble
About the Author
John H. Egbers was reared in the Netherlands. After completing his engineering studies, he served as an officer in the Royal Netherlands Air Force and was employed by the Royal/Dutch Shell Group and the Du Pont Company in both Europe and the United States. After retirement he was 10 years on the faculty of Lehigh University. King Baudouin of Belgium knighted him in The Royal Order of the Belgium Crown for promoting transatlantic understanding. He is also the author of a number of other titles, including “Cry for Fools,” “Fate and Furor” and “The Progressionists.” Reported by PRWeb 3 hours ago.
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Iran's Rouhani says it's up to Europe to save nuclear deal
Iranian President Hassan Rouhani said on Tuesday the U.S. withdrawal from a nuclear deal was "illegal" and it was up to Europe to preserve the landmark accord with Tehran.
Reported by Reuters India 3 hours ago.
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A top JPMorgan strategist shares the one word investors need to know to get ahead in the 'extreme' market
**· *JPMorgan Asset Management's chief European strategist Karen Ward tells Business Insider that the "extremely binary" nature of markets right now makes portfolio management "tricky."*
· *In particular, Trump's unpredictable trade war makes asset management difficult.*
· *Ward recommends clients look to more fixed income heavy portfolios as a hedge against these risks.*
· *She also says that a single word strategy can help investors outperform the market.*
--------------------LONDON — "The only thing I know is that I know nothing," goes the famous saying, often known as the Socratic paradox.
The expression could well be applied to what's going on in financial markets right now. With the US economy going gangbusters and earnings following suit, investors have a lot to be positive about. At the same time, however, the spectre of US President Donald Trump's trade war looms large.
"For investors at the moment, the trickiest thing is working out whether to pay any attention to the current data or current earnings," Karen Ward told Business Insider in an interview last week.
Ward is the chief market strategist for the UK and Europe at JPMorgan Asset Management, which manages around $1.7 trillion of clients' money.
"If you look at the current data, certainly in terms of earnings, even outside of the US things look good," she said. "Within the US things look absolutely extraordinary. If you only focus on the hard information that we have now, risk assets look cheap."
But she added: "Obviously, what's difficult for investors is working out whether that's just looking in the rearview mirror. Whether, actually, the trade issue is going to escalate, such that all of this current good news is going to fade over the next six months, and put an end to, if not growth in the US, at least growth outside of the US."
*'This is very much trying to read the minds of the US electorate'*
Ward's comments came last Wednesday just before President Trump and European Commission President Juncker met for crunch talks on the future of US-EU trade. Trump had threatened painful tariffs against European auto imports to America. The talks were a qualified success, with the EU agreeing to import more American soybeans and liquefied natural gas, and both sides agreeing to work to decrease industrial tariffs and adjust regulations to allow US medical devices to be traded more easily in European markets.
"This was a very big day for free and fair trade," Trump said at a press conference after the pair's meeting.
Last Wednesday's agreement put the trade war threat on the backburner in Europe. But Trump is notoriously volatile when it comes to policy, especially when he believes it could influence his core voter base.
That makes assessing the global market climate incredibly difficult, Ward said, regardless of what looks like a de-escalation of the trade conflict.
"We're into the realm of trying to put some kind of assessment on probability on what happens in the trade debate, and that's extremely difficult, because this is very much trying to read the minds of the US electorate, and trying to understand how these policies are falling in their voting intentions," Ward told BI.
With midterms approaching in November, President Trump will likely focus his efforts for the rest of the year on a strong showing in those elections. Whatever policies he think will be most likely to maintain — or even boost — his current level of popularity, will be the ones he doubles down on.
"Is this more aggressive style the US is playing in the global economy — this more autonomous, more dominating position — vote winning?" Ward said.
"At the moment [Trump's aggressive policy on trade] seems to be more than palatable," Ward added, saying that because of this "extremely binary" set of outcomes, managing a portfolio is extremely difficult right now.
On the one hand, there's the possibility that things continue to improve in the US economy and Trump backs down from his trade war. On the other hand, he could escalate trade tensions further, causing both national and international economic damage.
*Liquidity, liquidity, liquidity*
How should investors mitigate those two outcomes?
"It argues for very clever portfolio management," Ward said. "Having hedges in that are going protect you in different scenarios is the best we can do right now."
Ward's recommendation, for the time being, boils down to a single word: liquidity.
"Being liquid is perhaps the best advice. Knowing you are able to shift your position quickly is the best advice we can give people right now."
Ward's advice stems from the extremely fast-moving nature of events in 2018. Last week, for example, prevailing opinion shifted from an escalating trade war with Europe to a ceasefire within hours of Juncker and Trump's meeting. It could just as easily shift back the other way at any moment.
Investors should also look to move more of their portfolios into bonds, Ward said.
"You certainly want to bring your overall level of risk down. You want to think about adding more fixed income to those portfolios," she said.
But she added: "You need to be a little bit careful about what within the fixed income space you are allocating to. For example, if you shift towards an outright position of being long duration, it becomes much trickier if risk reappears and we're back to focusing on inflation pressure and an overheating US economy, and much higher interest rates."
*SEE ALSO: 'Weird' and 'purposefully ambiguous': Here's what analysts are saying about Trump's trade agreement with the EU*
Join the conversation about this story »
NOW WATCH: Why Rolex watches are so expensive Reported by Business Insider 3 hours ago.
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UK's Hunt welcomes China's offer of talks on post-Brexit trade deal
Beijing (AFP) July 30, 2018British Foreign Secretary Jeremy Hunt said Monday he welcomed China's offer of talks on a post-Brexit trade deal as he visited Beijing to try to strengthen ties before next year's divorce from Europe. Hunt, appointed earlier this month, was in the Chinese capital to meet Foreign Minister Wang Yi and other top officials, on a trip that will also include stops in Paris and Vienna for talks wit Reported by Energy Daily 35 minutes ago.
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10 things you need to know before the opening bell (SPY, SPX, QQQ, DIA, AAPL, NFLX, HMNY)
Here is what you need to know. *Trump is reportedly considering a massive tax cut that would benefit investors. *President Donald Trump is considering tweaking the tax code to allow investors to index their capital gains to inflation, the New York Times reports.
*China's economy is starting to sputter. *China's official manufacturing and non-manufacturing PMI data both missed expectations, but remained above the 50 level — indicating they are still expanding.
*The Bank of Japan tweaks policy. *Japan's central bank on Tuesday introduced a forward guidance on policy rates, more flexibility in bond purchases, and tweaks to its stock ETF purchases, but none led to any substantial moves in Japanese markets.
*Traders have never been more scared of a meltdown in tech stocks. *A measure called skew, or the premium options traders are paying to protect against a loss in the PowerShares QQQ Trust exchange-traded fund over the next month, relative to wagers on an increase, has spiked to its highest level on record.
*Morgan Stanley says the stock market is heading for its biggest sell-off of the year. *Michael Wilson, the bank's chief equity strategist, says the market is trapped in a "rolling bear market" and offers some tips to protect your portfolio.
*MoviePass holds an all-hands meeting to announce some big upcoming movies wont be available on the app. *After shares cratered below $1 apiece on Monday, MoviePass CEO Mitch Lowe held an all-hands meeting to announce the upcoming big releases "Christopher Robin" and "The Meg" would not be available to subscribers, a source familiar with the matter told Business Insider.
*Netflix tumbles into a bear market. *Shares fell 5.7% on Monday and are now down 20.85% from their June high.
*Stock markets around the world trade mixed. *Hong Kong's Hang Seng (-0.52%) lagged in Asia and London's FTSE (+0.18%) leads in Europe. The S&P 500 is set to open up 0.14% near 2,807.
*Apple reports after the closing bell. *The tech giant is expected to earn $2.16 a share on revenue of $52.31 billion, according to analysts surveyed by Bloomberg. Pfizer and Proctor & Gamble are among the other names reporting on Tuesday.
*US economic keeps coming. *Personal income and spending and PCE core prices will all be released at 8:30 a.m. ET before S&P home prices, Chicago PMI, and consumer confidence cross the wires at 9 a.m. ET, 9:45 a.m. ET, and 10 a.m. ET, respectively. The US 10-year yield is down 3 basis points at 2.95%.
Join the conversation about this story » Reported by Business Insider 2 hours ago.
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Lifeboat Distribution Partners with Allot Communications
Lifeboat to sell Allot’s multiservice platform for improved customer service with enhanced visibility, policy control, and DDoS mitigation
EATONTOWN, N.J. (PRWEB) July 31, 2018
Lifeboat Distribution, the international value-added distributor for emerging technologies and subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG), announced today a distribution agreement with Allot Communications, a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide to help them recruit, build and power multinational solution provider networks and drive incremental sales that complement existing sales channels.
Lifeboat will supply the Allot Secure Service Gateway (SSG) unified solution to its North American Enterprise and ISP customers. The Allot SSG solution includes real-time network intelligence, application control, DDoS protection, and web security solutions across the entire network, providing end-to-end visibility of all network traffic, and enhancing Quality of Service (QoS) and user Quality of Experience (QoE).
"We're bringing Allot’s visibility, control, and security solutions to the North American market to help combat the rise and size of cybersecurity threats, including DDoS attacks," said Brian Gilbertson, Vice President and General Manager at Lifeboat Distribution. "North America is notoriously known for attracting cybercriminals and to this day remains a large target. Allot has demonstrated itself to be a world leader in this domain, and its SSG solution has huge potential in this market to better protect our Enterprise and ISP customers and partners, while giving them the opportunity to generate incremental revenue."
"Our relationship with Lifeboat is very timely--cybercrime is now one of the largest financial criminal activities worldwide," said Aviel Sivan, Vice President Channel Development & Sales Operations at Allot. "With more reliance on connectivity, cybercrime will only get worse. Our granular DPI technology ensures robust protection against a rapidly evolving DDoS threat landscape and offers a new level of network bandwidth intelligence, giving resellers an opportunity to improve security posture and overall customer satisfaction."
Those interested in distribution services and solutions should contact Lifeboat by phone at +1.800.847.7078 (US), or +1.888.523.7777 (Canada), or by email at sales(at)lifeboatdistribution.com.
ABOUT LIFEBOAT DISTRIBUTION
Lifeboat Distribution, a subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG), is an international value-added distributor for virtualization/cloud computing, security, application and network infrastructure, business continuity/disaster recovery, database infrastructure and management, application lifecycle management, science/engineering, and other technically sophisticated products. The company helps vendors recruit and build multinational solution provider networks, power their networks, and drive incremental sales revenues that complement existing sales channels. Lifeboat Distribution services thousands of solution providers, VARs, systems integrators, corporate resellers, and consultants worldwide, helping them power a rich opportunity stream and build profitable product and service businesses. For additional information visit http://www.lifeboatdistribution.com, or call 1.800.847.7078 (US), +1.732.389.0037 (International), +1.888.523.7777 (Canada), or +31.20.210.8005 (Europe). Follow Lifeboat Distribution on LinkedIn, Facebook and Twitter @LifeboatVAD.
https://twitter.com/lifeboatvad
https://www.facebook.com/LifeboatDistribution/
https://www.linkedin.com/company/lifeboat-distribution/
ABOUT ALLOT COMMUNICATIONS
Allot Communications Ltd. (NASDAQ, TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Their industry leading network-based security as a service solution has achieved over 50% penetration with some service providers and is already used by over 20 million subscribers in Europe. Allot. See. Control. Secure. For more information, visit https://www.allot.com.
Stay up to date with the latest trends in enterprise and ISP security by checking out Allot's blog: http://blog.allot.com/
Follow Allot on Twitter: @allotcomms
Follow Allot on LinkedIn: https://www.linkedin.com/company/allot-communications/
For Media & PR inquiries contact:
Lifeboat Distribution
Media Relations
media(at)lifeboatdistribution.com
Allot Communications
Vered Zur | VP of Marketing
vzur(at)allot.com
Red Lorry Yellow Lorry for Allot
US – Justin Ordman
+1 857- 217- 2886
UK – Emma Davies
+44 (0)20 7403 8878
allot(at)rlyl.com
Lifeboat is a registered trademark of Lifeboat Distribution in the US and other countries. All other company names or product names may be the trademarks of their respective owners. Reported by PRWeb 2 hours ago.
EATONTOWN, N.J. (PRWEB) July 31, 2018
Lifeboat Distribution, the international value-added distributor for emerging technologies and subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG), announced today a distribution agreement with Allot Communications, a leading global provider of innovative network intelligence and security solutions for service providers and enterprises worldwide to help them recruit, build and power multinational solution provider networks and drive incremental sales that complement existing sales channels.
Lifeboat will supply the Allot Secure Service Gateway (SSG) unified solution to its North American Enterprise and ISP customers. The Allot SSG solution includes real-time network intelligence, application control, DDoS protection, and web security solutions across the entire network, providing end-to-end visibility of all network traffic, and enhancing Quality of Service (QoS) and user Quality of Experience (QoE).
"We're bringing Allot’s visibility, control, and security solutions to the North American market to help combat the rise and size of cybersecurity threats, including DDoS attacks," said Brian Gilbertson, Vice President and General Manager at Lifeboat Distribution. "North America is notoriously known for attracting cybercriminals and to this day remains a large target. Allot has demonstrated itself to be a world leader in this domain, and its SSG solution has huge potential in this market to better protect our Enterprise and ISP customers and partners, while giving them the opportunity to generate incremental revenue."
"Our relationship with Lifeboat is very timely--cybercrime is now one of the largest financial criminal activities worldwide," said Aviel Sivan, Vice President Channel Development & Sales Operations at Allot. "With more reliance on connectivity, cybercrime will only get worse. Our granular DPI technology ensures robust protection against a rapidly evolving DDoS threat landscape and offers a new level of network bandwidth intelligence, giving resellers an opportunity to improve security posture and overall customer satisfaction."
Those interested in distribution services and solutions should contact Lifeboat by phone at +1.800.847.7078 (US), or +1.888.523.7777 (Canada), or by email at sales(at)lifeboatdistribution.com.
ABOUT LIFEBOAT DISTRIBUTION
Lifeboat Distribution, a subsidiary of Wayside Technology Group, Inc. (NASDAQ: WSTG), is an international value-added distributor for virtualization/cloud computing, security, application and network infrastructure, business continuity/disaster recovery, database infrastructure and management, application lifecycle management, science/engineering, and other technically sophisticated products. The company helps vendors recruit and build multinational solution provider networks, power their networks, and drive incremental sales revenues that complement existing sales channels. Lifeboat Distribution services thousands of solution providers, VARs, systems integrators, corporate resellers, and consultants worldwide, helping them power a rich opportunity stream and build profitable product and service businesses. For additional information visit http://www.lifeboatdistribution.com, or call 1.800.847.7078 (US), +1.732.389.0037 (International), +1.888.523.7777 (Canada), or +31.20.210.8005 (Europe). Follow Lifeboat Distribution on LinkedIn, Facebook and Twitter @LifeboatVAD.
https://twitter.com/lifeboatvad
https://www.facebook.com/LifeboatDistribution/
https://www.linkedin.com/company/lifeboat-distribution/
ABOUT ALLOT COMMUNICATIONS
Allot Communications Ltd. (NASDAQ, TASE: ALLT) is a provider of leading innovative network intelligence and security solutions for service providers worldwide, enhancing value to their customers. Their solutions are deployed globally for network and application analytics, traffic control and shaping, network-based security services, and more. Allot’s multi-service platforms are deployed by over 500 mobile, fixed and cloud service providers and over 1000 enterprises. Their industry leading network-based security as a service solution has achieved over 50% penetration with some service providers and is already used by over 20 million subscribers in Europe. Allot. See. Control. Secure. For more information, visit https://www.allot.com.
Stay up to date with the latest trends in enterprise and ISP security by checking out Allot's blog: http://blog.allot.com/
Follow Allot on Twitter: @allotcomms
Follow Allot on LinkedIn: https://www.linkedin.com/company/allot-communications/
For Media & PR inquiries contact:
Lifeboat Distribution
Media Relations
media(at)lifeboatdistribution.com
Allot Communications
Vered Zur | VP of Marketing
vzur(at)allot.com
Red Lorry Yellow Lorry for Allot
US – Justin Ordman
+1 857- 217- 2886
UK – Emma Davies
+44 (0)20 7403 8878
allot(at)rlyl.com
Lifeboat is a registered trademark of Lifeboat Distribution in the US and other countries. All other company names or product names may be the trademarks of their respective owners. Reported by PRWeb 2 hours ago.
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Almost 400 migrants are stuck in Spanish town that mayor warned is turning into 'the new Lampedusa'
Algeciras mayor José Ignacio Landaluce has described the Spanish port as 'the new Lampedusa' - an Italian island which has become a reception centre for thousands of migrants heading to Europe.
Reported by MailOnline 2 hours ago.
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Pfizer's Herceptin biosimilar OK'd in Europe
Reported by SeekingAlpha 2 hours ago.
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Profit surges at Pfizer during second quarter
NEW YORK (AP) — Pfizer is reporting a second-quarter profit surge, though the drugmaker says weakening currencies in Europe and Asia could nick revenue ahead. The New York company earned $3.87 billion, or 65 cents per share. Earnings, adjusted for non-recurring events, were 81 cents per share, which is 6 cents better than industry analysts had expected. Revenue was $13.47 billion, also topping analyst projections for $13.26 billion. Pfizer expects full-year earnings in the range of $2.95 to $3.05 per share, with revenue in the range of $53 billion to $55 billion. Shares of Pfizer Inc. are essentially flat before the opening bell Tuesday. _____ This story was generated by Automated Insights (http://automatedinsights.
Reported by SeattlePI.com 1 hour ago.
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UK foreign minister Hunt urges France and Germany to push EU for Brexit deal
British foreign minister Jeremy Hunt urged France and Germany on Tuesday to lobby European Union negotiators for a sensible outcome to Brexit talks, warning that Europe would also suffer "if Brexit goes wrong".
Reported by Reuters 1 hour ago.
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LSP Technologies Wins Customers in New Markets
LSP Technologies, Inc. (LSPT) launches new applications for its patented Laser Peening Process to serve the nuclear power, heavy equipment, and aircraft maintenance industries, offering enhanced precision, portability, and cost-effectiveness.
DUBLIN, Ohio (PRWEB) July 31, 2018
LSP Technologies, Inc. (LSPT) is launching new applications for its patented Laser Peening Process to serve the nuclear power, heavy equipment, and aircraft maintenance industries.
New customers are adopting LSPT’s Procudo® Laser Peening Systems due to their precision, flexibility, low cost, and higher throughput rates, said President and CEO Jeff Dulaney.
LSPT’s patented Laser Peening Systems use a pulsed shock wave from high-energy lasers to enhance the ability of parts to resist foreign object damage (FOD), stress corrosion, and metal cracking.
“Our Laser Peening Systems increase the service life of many metal components by 10-20 times,” Dulaney said. LSPT’s metal stress modeling identifies stress points and enables precisely calibrated laser pulses for fatigue life improvement without damaging metal surfaces the way shot peening usually does, he said.
“The Procudo® Laser Peening System is the only commercially available laser peening equipment capable of a wide variety of customer applications,” he explained. “We can install the equipment in customer manufacturing and maintenance facilities."
“On a part with a large flat area, the Procudo® Laser Peening System can run at full energy and at speeds of up to 200 hz. For parts with more complicated geometry, we fine-tune the relevant parameters to produce a precise peening pattern for metal enhancement and fatigue life improvement. ,” Dulaney said. “Shot peening and other surface processes cannot provide comparable results.”
Innovative LSPT solutions now in commercial development include:· Portable laser peening equipment and fiber optic laser tool attachments to strengthen difficult-to-reach components for aircraft maintenance and other equipment, using pulse speeds up to 200 hz.
· Adapting Procudo® Laser Peening Systems with custom tooling to mitigate metal fatigue for nuclear power equipment, designed to boost fatigue life for a wide range of pipes, fuel storage casks, and reactor vessel heads.
· Automated laser peening of large crank shafts for the heavy equipment industry, utilizing robotic laser peening delivery and custom tooling.
LSPT holds more than 70 laser peening and related patents, and it is the first and only supplier of laser peening equipment to industry. LSPT can provide laser peening services from its Dublin, Ohio home facility, or provide equipment for customer work sites – both stationary units for factory production lines and portable laser peening equipment for maintenance and repair operations.
“This is a pivotal time for LSP Technologies. We now have Procudo® Laser Peening Systems in the U.S., Europe, and China. In addition to expanding in domestic markets, we can globally demonstrate the metal strengthening capabilities of our equipment, as well as collaborate with new customers on innovative applications for laser peening technology,” Dulaney said.
LSP Technologies is the world’s premier laser peening services, technology, and equipment provider. It is the only company in the world selling, installing, and integrating state-of-the-art laser peening systems into manufacturing, maintenance, and research facilities. The company has been providing laser peening production services for clients in the aviation and power generation industries for over twenty years and has been awarded more than fifty patents for innovations in laser peening equipment and technology. Reported by PRWeb 1 hour ago.
DUBLIN, Ohio (PRWEB) July 31, 2018
LSP Technologies, Inc. (LSPT) is launching new applications for its patented Laser Peening Process to serve the nuclear power, heavy equipment, and aircraft maintenance industries.
New customers are adopting LSPT’s Procudo® Laser Peening Systems due to their precision, flexibility, low cost, and higher throughput rates, said President and CEO Jeff Dulaney.
LSPT’s patented Laser Peening Systems use a pulsed shock wave from high-energy lasers to enhance the ability of parts to resist foreign object damage (FOD), stress corrosion, and metal cracking.
“Our Laser Peening Systems increase the service life of many metal components by 10-20 times,” Dulaney said. LSPT’s metal stress modeling identifies stress points and enables precisely calibrated laser pulses for fatigue life improvement without damaging metal surfaces the way shot peening usually does, he said.
“The Procudo® Laser Peening System is the only commercially available laser peening equipment capable of a wide variety of customer applications,” he explained. “We can install the equipment in customer manufacturing and maintenance facilities."
“On a part with a large flat area, the Procudo® Laser Peening System can run at full energy and at speeds of up to 200 hz. For parts with more complicated geometry, we fine-tune the relevant parameters to produce a precise peening pattern for metal enhancement and fatigue life improvement. ,” Dulaney said. “Shot peening and other surface processes cannot provide comparable results.”
Innovative LSPT solutions now in commercial development include:· Portable laser peening equipment and fiber optic laser tool attachments to strengthen difficult-to-reach components for aircraft maintenance and other equipment, using pulse speeds up to 200 hz.
· Adapting Procudo® Laser Peening Systems with custom tooling to mitigate metal fatigue for nuclear power equipment, designed to boost fatigue life for a wide range of pipes, fuel storage casks, and reactor vessel heads.
· Automated laser peening of large crank shafts for the heavy equipment industry, utilizing robotic laser peening delivery and custom tooling.
LSPT holds more than 70 laser peening and related patents, and it is the first and only supplier of laser peening equipment to industry. LSPT can provide laser peening services from its Dublin, Ohio home facility, or provide equipment for customer work sites – both stationary units for factory production lines and portable laser peening equipment for maintenance and repair operations.
“This is a pivotal time for LSP Technologies. We now have Procudo® Laser Peening Systems in the U.S., Europe, and China. In addition to expanding in domestic markets, we can globally demonstrate the metal strengthening capabilities of our equipment, as well as collaborate with new customers on innovative applications for laser peening technology,” Dulaney said.
LSP Technologies is the world’s premier laser peening services, technology, and equipment provider. It is the only company in the world selling, installing, and integrating state-of-the-art laser peening systems into manufacturing, maintenance, and research facilities. The company has been providing laser peening production services for clients in the aviation and power generation industries for over twenty years and has been awarded more than fifty patents for innovations in laser peening equipment and technology. Reported by PRWeb 1 hour ago.
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Porsche Taycan: 592bhp, 310-mile range, sub-3.5sec 0-62mph confirmed
Customers are joining the waiting list for Porsche’s first all-electric car despite it not yet being revealed; Porsche is slowly releasing performance figures though
Porsche has confirmed that its first full-electric car, the Taycan, will top 310 miles of range, sprint to 62mph in under 3.5 seconds and will produce more than 592bhp (600ps) from twin electric motors powering all four wheels.
This performance puts the Taycan - formerly the Mission E when under development - one full second behind the full-fat Tesla Model S P100D, but over half a second in front of the non-performance 100D, although Porsche claims acceleration to be "well under" 3.5sec to 62mph, stopping short of providing an actual figure. 124mph comes in under 12sec, says Porsche.
310 miles of range also places it higher than the Model S 75D, but is up to 83 miles short of the 100D's claimed 393-mile range, as tested on the NEDC cycle.
Customers have begun vying for top position on the waiting list for the Taycan, despite the production version of the car not even being revealed yet, UK managing director Alexander Pollich has said.
Porsche bagan taking expressions of interest from would-be Taycan buyers earlier this month, with Pollich confirming that customers were keen to reserve early cars despite the car only being revealed as a concept - called Mission E. He did not confirm customer numbers, however. The production car is expected to be revealed for the first time in 2019, ahead of hitting roads in 2020.
“The reaction from customers has been fantastic - from the moment we announced the car to now, when we have asked customers to register their interest for the first cars,” said Pollich of the Tesla Model S rival. “The history of Porsche began with an electric car in 1898 and that provides some inspiration and motivation for us. Of course there was a big gap, but we have led with the introduction of hybrids and now we will use our heritage and learnings to offer a class-leading electric car.
*Maserati to take on 'Porsche and Tesla' with Alfieri, new SUV and four EVs*
“The next 18 months will be fascinating, as we develop and reveal the car, but what is already clear is that customers are keen. They are talking to our dealers asking how to get to the top of the priority lists and asking to access more information.”
Pollich acknowledged rival Tesla’s importance in moving the market, saying: “They have been the pioneers and they have set a big challenge. What’s clear is that at Porsche we are planning to rise to that challenge, not just with our car, but in providing owners with the full 360 degree view to allow seamless ownership, including creating a supercharger network.”
Porsche is a partner with the BMW Group, Daimler AG, Ford and the Volkswagen Group in a scheme to develop a high-powered charging network in Europe, called Ionity, that will be usable by all their respective electric vehicles. The car makers have pledged to install 400 chargers across Europe by 2020, and the scheme is expected to work in a way that Tesla’s unique Supercharger network does now. Each charger will initially have a capacity of up to 350kW.
*Porsche Taycan’s radical new architecture*
Development for the Taycan is headed by Stefan Weckbach, who previously led product strategy and more recently was responsible for the development of the Boxster.
The Taycan's four-seat interior suggests it will be more closely aligned, in terms of character, with the Panamera than pure sports cars such as the 911. But its floor-mounted batteries should give it an extremely low centre of gravity to allow for hunkered-down handling that's comparable to more focused performance machines.
The Taycan sits on a new architecture, named J1 by Porsche. The brand's first EV will feature 800V charging technology that is intended to future-proof the car for several years after it hits the market, and company officials have already confirmed it is designed to enable fast-charging to 80% of the car’s range in just 15 minutes.
The J1 structure is one of three new electric car platforms being developed within Porsche's parent company, the Volkswagen Group. It is described as being different in construction to the C-BEV platform planned to underpin sister brand Audi’s forthcoming E-tron SUV, which is due for reveal later this year.
Porsche chairman Oliver Blume told Autocar: “The J1 has a low floor, while the C-BEV is constructed differently with a higher floor that suits an SUV.” Despite the differences in construction, Blume also confirmed that production versions of the Taycan and E-tron will feature similar lithium ion battery technology.
The central location of the batteries and twin-motor set-up will also give the Taycan's technical architecture a better front-rear weight balance than combustion-engined cars, potentially allowing Porsche's engineers to soften the car's anti-roll bars to aid ride without hindering handling.
*Porsche Taycan testing, autonomy and over-the-air updates*
Blume also confirmed that Porsche plans for the Taycan to have level four autonomous driving technology (self-driving in nearly all situations, with driver attention not required), but denied that it would allow fully autonomous driving over longer distances. “There are situations in traffic jams where you will be able to read a newspaper, but our customers take pleasure from driving and this will remain,” he said.
Additionally, Porsche is working on providing the Taycan with software that will allow over-the-air updates such as those pioneered by Tesla with the Model S. “It will be possible to work with over-the-air options,” added Blume. “It isn’t decided yet, but it could be possible to charge up with more power. For example, when you have 400bhp, it could be possible to upgrade to 450bhp."
Blume’s comments suggest that Porsche is planning the Taycan as a line-up of models with differing performance levels, similar to the strategy undertaken with its current 718 Boxster/Cayman, 911, Panamera, Macan and Cayenne ranges. The brand is using the Taycan to spearhead its growing investment, which has totalled £5.3 billion for EV technology. Part of this money has helped to develop a plug-in hybrid version of the next-generation 911.
*Porsche smashes all-time Nürburgring record with 919 Evo*
The most recently photographed test car was being towed by a Cayenne. Breakdowns are common during early phases of testing. Some of the spotted cars have been wearing exhaust exit surrounds that were fake and fitted to conceal the car's identity. A panel of autonomous sensors has also been seen in the car's nose, nestled between what appear to be two sets of louvres in the lower grille. These can likely be opened to allow battery and brake cooling. Porsche revealed that the number of prototypes built is in three figures, but said that the exact number is classified. A team of 40 specialists build the prototypes in Stuttgart.
The name Taycan translates loosely as "lively, young horse" from a Eurasian dialect - a nod to Porsche’s insignia, which has featured a leaping horse since 1952.
*First Porsche Taycan performance details revealed by Mark Webber*
Further confirmed details for the car are scarce. Former Formula 1 driver and 2015 World Endurance Champion Mark Webber has been seen driving the Taycan around the brand's Weissach test track for an official video, in which he stated that the car is a "game-changer".
Webber also revealed the Taycan has "600hp", which equates to 592bhp, confirming speculation that its lithium ion battery pack-powered dual electric motor architecture will rank the car second only to the 911 GT2 RS for power output in the current Porsche range.
This output will give the car, which Webber admits is "heavier" than a standard Porsche due to its electric powertrain, a 0-62mph time of less than 3.5sec. It is confirmed to have a range of at least 310 miles. Porsche later confirmed Webber's given performance figures.
Porsche revealed a more rugged version of the Taycan at the Geneva motor show. The Mission E Cross Turismo concept is based on the same platform but raises the ride height and adds an estate body. This version is expected to arrive on roads in 2021.
*Additonal reporting by Greg Kable*
*More content*
*Top 10 bestselling cars in Britain*
*2021 Jaguar J-Pace moves closer to production with global trademark* Reported by Autocar 56 minutes ago.
Porsche has confirmed that its first full-electric car, the Taycan, will top 310 miles of range, sprint to 62mph in under 3.5 seconds and will produce more than 592bhp (600ps) from twin electric motors powering all four wheels.
This performance puts the Taycan - formerly the Mission E when under development - one full second behind the full-fat Tesla Model S P100D, but over half a second in front of the non-performance 100D, although Porsche claims acceleration to be "well under" 3.5sec to 62mph, stopping short of providing an actual figure. 124mph comes in under 12sec, says Porsche.
310 miles of range also places it higher than the Model S 75D, but is up to 83 miles short of the 100D's claimed 393-mile range, as tested on the NEDC cycle.
Customers have begun vying for top position on the waiting list for the Taycan, despite the production version of the car not even being revealed yet, UK managing director Alexander Pollich has said.
Porsche bagan taking expressions of interest from would-be Taycan buyers earlier this month, with Pollich confirming that customers were keen to reserve early cars despite the car only being revealed as a concept - called Mission E. He did not confirm customer numbers, however. The production car is expected to be revealed for the first time in 2019, ahead of hitting roads in 2020.
“The reaction from customers has been fantastic - from the moment we announced the car to now, when we have asked customers to register their interest for the first cars,” said Pollich of the Tesla Model S rival. “The history of Porsche began with an electric car in 1898 and that provides some inspiration and motivation for us. Of course there was a big gap, but we have led with the introduction of hybrids and now we will use our heritage and learnings to offer a class-leading electric car.
*Maserati to take on 'Porsche and Tesla' with Alfieri, new SUV and four EVs*
“The next 18 months will be fascinating, as we develop and reveal the car, but what is already clear is that customers are keen. They are talking to our dealers asking how to get to the top of the priority lists and asking to access more information.”
Pollich acknowledged rival Tesla’s importance in moving the market, saying: “They have been the pioneers and they have set a big challenge. What’s clear is that at Porsche we are planning to rise to that challenge, not just with our car, but in providing owners with the full 360 degree view to allow seamless ownership, including creating a supercharger network.”
Porsche is a partner with the BMW Group, Daimler AG, Ford and the Volkswagen Group in a scheme to develop a high-powered charging network in Europe, called Ionity, that will be usable by all their respective electric vehicles. The car makers have pledged to install 400 chargers across Europe by 2020, and the scheme is expected to work in a way that Tesla’s unique Supercharger network does now. Each charger will initially have a capacity of up to 350kW.
*Porsche Taycan’s radical new architecture*
Development for the Taycan is headed by Stefan Weckbach, who previously led product strategy and more recently was responsible for the development of the Boxster.
The Taycan's four-seat interior suggests it will be more closely aligned, in terms of character, with the Panamera than pure sports cars such as the 911. But its floor-mounted batteries should give it an extremely low centre of gravity to allow for hunkered-down handling that's comparable to more focused performance machines.
The Taycan sits on a new architecture, named J1 by Porsche. The brand's first EV will feature 800V charging technology that is intended to future-proof the car for several years after it hits the market, and company officials have already confirmed it is designed to enable fast-charging to 80% of the car’s range in just 15 minutes.
The J1 structure is one of three new electric car platforms being developed within Porsche's parent company, the Volkswagen Group. It is described as being different in construction to the C-BEV platform planned to underpin sister brand Audi’s forthcoming E-tron SUV, which is due for reveal later this year.
Porsche chairman Oliver Blume told Autocar: “The J1 has a low floor, while the C-BEV is constructed differently with a higher floor that suits an SUV.” Despite the differences in construction, Blume also confirmed that production versions of the Taycan and E-tron will feature similar lithium ion battery technology.
The central location of the batteries and twin-motor set-up will also give the Taycan's technical architecture a better front-rear weight balance than combustion-engined cars, potentially allowing Porsche's engineers to soften the car's anti-roll bars to aid ride without hindering handling.
*Porsche Taycan testing, autonomy and over-the-air updates*
Blume also confirmed that Porsche plans for the Taycan to have level four autonomous driving technology (self-driving in nearly all situations, with driver attention not required), but denied that it would allow fully autonomous driving over longer distances. “There are situations in traffic jams where you will be able to read a newspaper, but our customers take pleasure from driving and this will remain,” he said.
Additionally, Porsche is working on providing the Taycan with software that will allow over-the-air updates such as those pioneered by Tesla with the Model S. “It will be possible to work with over-the-air options,” added Blume. “It isn’t decided yet, but it could be possible to charge up with more power. For example, when you have 400bhp, it could be possible to upgrade to 450bhp."
Blume’s comments suggest that Porsche is planning the Taycan as a line-up of models with differing performance levels, similar to the strategy undertaken with its current 718 Boxster/Cayman, 911, Panamera, Macan and Cayenne ranges. The brand is using the Taycan to spearhead its growing investment, which has totalled £5.3 billion for EV technology. Part of this money has helped to develop a plug-in hybrid version of the next-generation 911.
*Porsche smashes all-time Nürburgring record with 919 Evo*
The most recently photographed test car was being towed by a Cayenne. Breakdowns are common during early phases of testing. Some of the spotted cars have been wearing exhaust exit surrounds that were fake and fitted to conceal the car's identity. A panel of autonomous sensors has also been seen in the car's nose, nestled between what appear to be two sets of louvres in the lower grille. These can likely be opened to allow battery and brake cooling. Porsche revealed that the number of prototypes built is in three figures, but said that the exact number is classified. A team of 40 specialists build the prototypes in Stuttgart.
The name Taycan translates loosely as "lively, young horse" from a Eurasian dialect - a nod to Porsche’s insignia, which has featured a leaping horse since 1952.
*First Porsche Taycan performance details revealed by Mark Webber*
Further confirmed details for the car are scarce. Former Formula 1 driver and 2015 World Endurance Champion Mark Webber has been seen driving the Taycan around the brand's Weissach test track for an official video, in which he stated that the car is a "game-changer".
Webber also revealed the Taycan has "600hp", which equates to 592bhp, confirming speculation that its lithium ion battery pack-powered dual electric motor architecture will rank the car second only to the 911 GT2 RS for power output in the current Porsche range.
This output will give the car, which Webber admits is "heavier" than a standard Porsche due to its electric powertrain, a 0-62mph time of less than 3.5sec. It is confirmed to have a range of at least 310 miles. Porsche later confirmed Webber's given performance figures.
Porsche revealed a more rugged version of the Taycan at the Geneva motor show. The Mission E Cross Turismo concept is based on the same platform but raises the ride height and adds an estate body. This version is expected to arrive on roads in 2021.
*Additonal reporting by Greg Kable*
*More content*
*Top 10 bestselling cars in Britain*
*2021 Jaguar J-Pace moves closer to production with global trademark* Reported by Autocar 56 minutes ago.
↧
Mr. Nedelcho Nedelchev, CEO of Fibank, Took Part in an International Conference of the European League for Economic Cooperation
Tuesday 31 July, 2018The CEO of First Investment Bank (Fibank) Mr. Nedelcho Nedelchev took part in the Central Council Meeting of European League for Economic Cooperation (ELEC).
In the course of the event, ELEC, jointly with the European Institute for Strategies and Analyzes (EISA), organized an international conference titled "New Europe, between the West and the East: Energy and Infrastructure as Prerequisites for Growth".
During the conference, Mr. Nedelchev presented to the international audience the investment opportunities that are currently unfolding in Bulgaria and the countries of Southeastern Europe. In the ensuing discussion, Mr. Nedelchev highlighted the strong economic development observed in these countries in recent years, and the potential for successful business projects.
"Southeastern Europe has excellent macroeconomic indicators but needs further development in the areas of infrastructure and business competence. A potential for stable growth is observed not only in consumer demand but also in industry, which is a prerequisite for more investments in Bulgaria and the region", said Mr. Nedelchev.
Baron Bernard Snoy, President of the ELEC, Ms. Megan Richards, Director Energy Policy at the European Commission, and Mr. Jacques-André Troesch, President of ARRI France, took part in the conference among others. The event was also honoured by HM Simeon Saxe-Coburg-Gotha.
The European Institute for Strategies and Analyzes (EISA) was established in 2016 as a joint institution between the European League for Economic Cooperation (ELEC) and the Bulgarian Academy of Sciences.
* For more information regarding media usage, ownership and rights please contact Fibank.
Distributed by http://www.pressat.co.uk/ Reported by Pressat 39 minutes ago.
In the course of the event, ELEC, jointly with the European Institute for Strategies and Analyzes (EISA), organized an international conference titled "New Europe, between the West and the East: Energy and Infrastructure as Prerequisites for Growth".
During the conference, Mr. Nedelchev presented to the international audience the investment opportunities that are currently unfolding in Bulgaria and the countries of Southeastern Europe. In the ensuing discussion, Mr. Nedelchev highlighted the strong economic development observed in these countries in recent years, and the potential for successful business projects.
"Southeastern Europe has excellent macroeconomic indicators but needs further development in the areas of infrastructure and business competence. A potential for stable growth is observed not only in consumer demand but also in industry, which is a prerequisite for more investments in Bulgaria and the region", said Mr. Nedelchev.
Baron Bernard Snoy, President of the ELEC, Ms. Megan Richards, Director Energy Policy at the European Commission, and Mr. Jacques-André Troesch, President of ARRI France, took part in the conference among others. The event was also honoured by HM Simeon Saxe-Coburg-Gotha.
The European Institute for Strategies and Analyzes (EISA) was established in 2016 as a joint institution between the European League for Economic Cooperation (ELEC) and the Bulgarian Academy of Sciences.
* For more information regarding media usage, ownership and rights please contact Fibank.
Distributed by http://www.pressat.co.uk/ Reported by Pressat 39 minutes ago.
↧
ELO USA Announces New North American Headquarters in Boston
Continued growth spurs office expansion in the Hub
BOSTON (PRWEB) July 31, 2018
ELO Digital Office USA, enabling businesses to improve collaboration and streamline information management in a digital economy, announced its North American headquarters will be relocating to the heart of downtown Boston, effective August 1, 2018. ELO USA’s continued growth and expanding partner network prompts the relocation to a larger headquarters. The new address is: ELO Digital Office Corporation, 50 Milk Street, 16th Floor, Boston, MA 02109.
“2018 has brought continued growth for the ELO partner network and brand throughout North America,” said Szilvia Horvath, CEO of ELO Digital Office Corporation USA. “We’ve made the move to downtown Boston to accommodate this growth and better serve our partners and customers with a location that is more convenient to Boston’s Logan airport and major highways. Moreover, we are thrilled to be working in a thriving and innovative community in the heart of Boston.”
About ELO Digital Office USA
ELO Digital Office USA provides innovative digital content management solutions for organizations of all sizes and industries throughout the United States. ELOoffice, ELOprofessional, and ELOenterprise give businesses an electronic and secure way to easily capture, archive, and manage business documents and information – both paper-based and digital. A subsidiary of ELO Digital Office GmbH (founded in 1998), ELO USA is headquartered in Boston, MA and is part of a network of global ELO offices throughout Asia, Australia, Europe, and North and South America. ELO Digital Office GmbH has an extensive network of global business partners and maintains technology partnerships with industry leaders such as IBM, Microsoft, and SAP. Visit ELO USA. Follow us on LinkedIn and Twitter.
###
All product and service names mentioned herein are the trademarks of their respective owners. Reported by PRWeb 26 minutes ago.
BOSTON (PRWEB) July 31, 2018
ELO Digital Office USA, enabling businesses to improve collaboration and streamline information management in a digital economy, announced its North American headquarters will be relocating to the heart of downtown Boston, effective August 1, 2018. ELO USA’s continued growth and expanding partner network prompts the relocation to a larger headquarters. The new address is: ELO Digital Office Corporation, 50 Milk Street, 16th Floor, Boston, MA 02109.
“2018 has brought continued growth for the ELO partner network and brand throughout North America,” said Szilvia Horvath, CEO of ELO Digital Office Corporation USA. “We’ve made the move to downtown Boston to accommodate this growth and better serve our partners and customers with a location that is more convenient to Boston’s Logan airport and major highways. Moreover, we are thrilled to be working in a thriving and innovative community in the heart of Boston.”
About ELO Digital Office USA
ELO Digital Office USA provides innovative digital content management solutions for organizations of all sizes and industries throughout the United States. ELOoffice, ELOprofessional, and ELOenterprise give businesses an electronic and secure way to easily capture, archive, and manage business documents and information – both paper-based and digital. A subsidiary of ELO Digital Office GmbH (founded in 1998), ELO USA is headquartered in Boston, MA and is part of a network of global ELO offices throughout Asia, Australia, Europe, and North and South America. ELO Digital Office GmbH has an extensive network of global business partners and maintains technology partnerships with industry leaders such as IBM, Microsoft, and SAP. Visit ELO USA. Follow us on LinkedIn and Twitter.
###
All product and service names mentioned herein are the trademarks of their respective owners. Reported by PRWeb 26 minutes ago.
↧
Retire to Europe on $35,000 a Year in These 5 Places—Internationalliving.com
With low-cost airlines offering remarkably cheap flight deals to Europe right now, the Old World is more accessible than ever—and it’s more affordable, too. In a new report, the editors at Internationalliving.com pinpoint five spots where you can retire on $35,000 a year, or less.
BALTIMORE (PRWEB) July 31, 2018
It’s not hard to retire to Europe on $35,000 a year, or less. In welcoming, warm-weather, good-value escapes expat retirees find that their dollars stretch far.
“When Americans on a limited budget compare the quality of life they’re able to enjoy in Europe to what their dollars buy in the States, it’s often a shock,” says Jennifer Stevens, Executive Editor, International Living. “Outside the big metro areas, you’ll find all sorts of good-value options in Italy, Spain, France, Portugal, and even Malta. These are communities where the weather is good so it’s easy to enjoy the outdoors, and where value is placed on good food, enjoying the arts, and on a relaxed pace of life—none of which costs very much.”
Basilicata, Italy
The Italians know how to enjoy life. In fact, they’re famous for it. The gorgeous scenery, the stellar food, the fabulous people and the fascinating history sum up the joys of Italian life— La dolce vita.
Italy is full of classic postcard landscapes that appeal to all the senses. Living in Italy can be as expensive or as low-cost as you want it to be—it all depends on location and lifestyle. The big cities like Rome, Milan, and Florence can be expensive. But get outside the metro areas and prices drop significantly.
Take Basilicata, a hidden gem tucked into the ankle of “the boot,” speckled with verdant valleys, deep forests, rolling hills, and alpine peaks. It offers a laidback, enjoyable lifestyle that can be affordable, where you’ll be welcomed and well-fed.
“The boot” garners top honors in cuisine; prosciutto, parmigiano, pizza, porcini, and pasta…they’re famous because they’re so delizioso.
Life here, as with so much of Italy, is relaxed, and there is a history of hospitality that will make you feel at home and help you adapt. A monthly budget for a couple in Basilicata comes to $1,600.
Alicante, Spain
Alicante is a port city on Spain’s south-eastern Costa Blanca. Home to about 330,000 people, it offers an unbeatable combination of comfortable city living and relaxed country friendliness.
Alicante has two distinct rhythms. In the summer, the city transforms into a tourist’s playground where gelato shops spring up on almost every street, vendors walk the beaches selling ice-cold cans of beer, and a myriad of languages bubbles through the streets.
Things slow down as the weather grows colder and the tourists head home. Yet winter is entirely pleasant as the temperature rarely drops below 50 F. Most days, the sky remains a crystal clear blue and the wide beaches become yours alone to wander and explore.
With an international airport and train station offering high-speed connections to Madrid and beyond, Alicante is a great hub from which to experience Europe.
And living here is affordable. A couple can live well in Alicante on $2,390 per month.
Porto, Portugal
Many European cities have been sought out by expats from the U.S. and Canada in recent years. But what Porto offers is an enchanting combination of Old World charm and First-World convenience wrapped in a consummately affordable and attractive package.
The second-largest metropolitan area in Portugal after Lisbon, Porto is located on the Douro River, where it flows into the Atlantic. The city center is home to less than 240,000 people and has a small city’s feel and friendliness. But it’s also a thriving business city with an international airport.
For all Porto’s natural and architectural beauty, fine food and wine, and pleasurable pastimes, it’s surprisingly affordable to live here—a monthly budget for a couple runs to $1,550.
A cup of coffee in a café is a dollar or less, fresh fruit goes for $1 per pound, and a three-course lunch for two including wine at a mid-range restaurant will cost you just $20. And senior discounts are offered in many museums and other sites of interest.
Aix-en-Provence, France
Provence inspires retirement dreams with its rolling fields of lavender, sunbaked stone medieval villages tinged with the scent of orange blossoms, lines of stately cypress trees, and daily blue skies—it exudes the essence of beautiful living.
Provence is a sweeping area at the center of the Alps-Provence-Cote d’Azur region of south-eastern France, bordering Italy and the glittering waters of the Mediterranean Sea.
France’s second largest city, Marseille, is its capital, but visitors tend to gravitate to popular smaller towns, such as Aix-en-Provence—a wildly romantic little city of fountains and medieval streets that was once the Provençal capital.
Most visitors are drawn to experience sophisticated pleasures like the opera, ballet, art galleries, and high-class restaurants. But, with a population of 142,000, Aix doesn’t concentrate solely on highbrow culture; it’s also a lively university city.
Here, a couple can enjoy a great retirement on $2,695 per month.
Valletta, Malta
From countryside farmhouses to ancient walled cities and breath-taking coastal pathways to quirky, hidden-gem restaurants, the tiny island nation of Malta has a little something for everyone.
At only 122 square miles, making it one of the smallest nations in the European Union, Malta packs a real punch—it’s home to a number of UNESCO World Heritage Sites and over 155 miles of coastline. And, thanks to its far southern location, the islands benefit from warm weather year-round.
Here, the English-speaking population—a legacy of British colonization—makes it easy for North Americans to adjust to life.
Malta has been a coveted destination for centuries and Valletta, Malta’s capital city, is an especially desirable location—the European Capital of Culture 2018. With rolling hills reminiscent of San Francisco, Valletta offers incredible views of ships entering and leaving its harbors.
Built after The Great Siege of 1565, when the Ottoman Empire tried to capture Malta from the Knights of Saint John, Valetta was chiseled by the knights out of a barren rocky peninsula and lined with steep walls and imposing towers.
Dollars can go surprisingly far here, with couples living comfortably on $2,600 per month.
The full report can be found here: 5 Places in Europe Where You Can Retire on $35,000 a Year
Editor's Note: Members of the media have permission to republish the article linked above once credit is given to Internationalliving.com
Further information, as well as interviews with expert authors for radio, TV or print, is available on request. Photos are also available.
For information about InternationalLiving.com content republishing, source material or to book an interview with one of our experts, contact PR Managing Editor, Marita Kelly, +001 667 312 3532, mkelly@internationalliving.com
Twitter: @inliving
Facebook: https://www.facebook.com/International.Living/
About International Living
Since 1979, Internationaliving.com has been the leading authority for anyone looking for global retirement or relocation opportunities. Through its monthly magazine and related e-letters, extensive website, podcasts, online bookstore, and events held around the world, InternationalLiving.com provides information and services to help its readers live better, travel farther, have more fun, save more money, and find better business opportunities when they expand their world beyond their own shores. InternationalLiving.com has more than 200 correspondents traveling the globe, investigating the best opportunities for travel, retirement, real estate, and investment. Reported by PRWeb 22 minutes ago.
BALTIMORE (PRWEB) July 31, 2018
It’s not hard to retire to Europe on $35,000 a year, or less. In welcoming, warm-weather, good-value escapes expat retirees find that their dollars stretch far.
“When Americans on a limited budget compare the quality of life they’re able to enjoy in Europe to what their dollars buy in the States, it’s often a shock,” says Jennifer Stevens, Executive Editor, International Living. “Outside the big metro areas, you’ll find all sorts of good-value options in Italy, Spain, France, Portugal, and even Malta. These are communities where the weather is good so it’s easy to enjoy the outdoors, and where value is placed on good food, enjoying the arts, and on a relaxed pace of life—none of which costs very much.”
Basilicata, Italy
The Italians know how to enjoy life. In fact, they’re famous for it. The gorgeous scenery, the stellar food, the fabulous people and the fascinating history sum up the joys of Italian life— La dolce vita.
Italy is full of classic postcard landscapes that appeal to all the senses. Living in Italy can be as expensive or as low-cost as you want it to be—it all depends on location and lifestyle. The big cities like Rome, Milan, and Florence can be expensive. But get outside the metro areas and prices drop significantly.
Take Basilicata, a hidden gem tucked into the ankle of “the boot,” speckled with verdant valleys, deep forests, rolling hills, and alpine peaks. It offers a laidback, enjoyable lifestyle that can be affordable, where you’ll be welcomed and well-fed.
“The boot” garners top honors in cuisine; prosciutto, parmigiano, pizza, porcini, and pasta…they’re famous because they’re so delizioso.
Life here, as with so much of Italy, is relaxed, and there is a history of hospitality that will make you feel at home and help you adapt. A monthly budget for a couple in Basilicata comes to $1,600.
Alicante, Spain
Alicante is a port city on Spain’s south-eastern Costa Blanca. Home to about 330,000 people, it offers an unbeatable combination of comfortable city living and relaxed country friendliness.
Alicante has two distinct rhythms. In the summer, the city transforms into a tourist’s playground where gelato shops spring up on almost every street, vendors walk the beaches selling ice-cold cans of beer, and a myriad of languages bubbles through the streets.
Things slow down as the weather grows colder and the tourists head home. Yet winter is entirely pleasant as the temperature rarely drops below 50 F. Most days, the sky remains a crystal clear blue and the wide beaches become yours alone to wander and explore.
With an international airport and train station offering high-speed connections to Madrid and beyond, Alicante is a great hub from which to experience Europe.
And living here is affordable. A couple can live well in Alicante on $2,390 per month.
Porto, Portugal
Many European cities have been sought out by expats from the U.S. and Canada in recent years. But what Porto offers is an enchanting combination of Old World charm and First-World convenience wrapped in a consummately affordable and attractive package.
The second-largest metropolitan area in Portugal after Lisbon, Porto is located on the Douro River, where it flows into the Atlantic. The city center is home to less than 240,000 people and has a small city’s feel and friendliness. But it’s also a thriving business city with an international airport.
For all Porto’s natural and architectural beauty, fine food and wine, and pleasurable pastimes, it’s surprisingly affordable to live here—a monthly budget for a couple runs to $1,550.
A cup of coffee in a café is a dollar or less, fresh fruit goes for $1 per pound, and a three-course lunch for two including wine at a mid-range restaurant will cost you just $20. And senior discounts are offered in many museums and other sites of interest.
Aix-en-Provence, France
Provence inspires retirement dreams with its rolling fields of lavender, sunbaked stone medieval villages tinged with the scent of orange blossoms, lines of stately cypress trees, and daily blue skies—it exudes the essence of beautiful living.
Provence is a sweeping area at the center of the Alps-Provence-Cote d’Azur region of south-eastern France, bordering Italy and the glittering waters of the Mediterranean Sea.
France’s second largest city, Marseille, is its capital, but visitors tend to gravitate to popular smaller towns, such as Aix-en-Provence—a wildly romantic little city of fountains and medieval streets that was once the Provençal capital.
Most visitors are drawn to experience sophisticated pleasures like the opera, ballet, art galleries, and high-class restaurants. But, with a population of 142,000, Aix doesn’t concentrate solely on highbrow culture; it’s also a lively university city.
Here, a couple can enjoy a great retirement on $2,695 per month.
Valletta, Malta
From countryside farmhouses to ancient walled cities and breath-taking coastal pathways to quirky, hidden-gem restaurants, the tiny island nation of Malta has a little something for everyone.
At only 122 square miles, making it one of the smallest nations in the European Union, Malta packs a real punch—it’s home to a number of UNESCO World Heritage Sites and over 155 miles of coastline. And, thanks to its far southern location, the islands benefit from warm weather year-round.
Here, the English-speaking population—a legacy of British colonization—makes it easy for North Americans to adjust to life.
Malta has been a coveted destination for centuries and Valletta, Malta’s capital city, is an especially desirable location—the European Capital of Culture 2018. With rolling hills reminiscent of San Francisco, Valletta offers incredible views of ships entering and leaving its harbors.
Built after The Great Siege of 1565, when the Ottoman Empire tried to capture Malta from the Knights of Saint John, Valetta was chiseled by the knights out of a barren rocky peninsula and lined with steep walls and imposing towers.
Dollars can go surprisingly far here, with couples living comfortably on $2,600 per month.
The full report can be found here: 5 Places in Europe Where You Can Retire on $35,000 a Year
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Hunt warns EU of City deregulation if there's no deal
The likelihood of the UK crashing out of the European Union without a deal is “increasing by the day”, foreign secretary Jeremy Hunt has warned.He also issued a veiled threat that the government could loosen regulation for financial services to ensure the City continued to "thrive".
The former health secretary, who was parachuted into his new role last month after Boris Johnson resigned, has called on member states to apply more pressure to EU chief negotiator Michel Barnier to get a deal agreed, or risk job losses and economic turmoil on both sides of the Channel.
Speaking to the Evening Standard, Hunt said Barnier's current approach could lead to a “breakdown in relations and trust between Britain and European countries” which would be a “profound geo-strategic mistake”.
He added: “The probability of no deal is increasing by the day until we see a change of approach from the European Commission who have this view that they just need to wait and Britain will blink. That is just a profound misunderstanding of us as a nation.
“There is real chance of no deal by accident. Everyone is assuming, no, no, no, this will never happen. Well, actually, it could.
“France and Germany have to send a strong signal to the Commission that we need to negotiate a pragmatic and sensible outcome that protects jobs on both sides of the Channel because for every job lost in the UK, there will be jobs lost in Europe as well if Brexit goes wrong.”
This follows warnings from the UK government that if Brussels maintains its hardline approach, around 7,000 Europe-based investment funds could lose access to the City.
It also comes as officials seek to clarify the white paper in the hope that Barnier will soften his position towards a deal for financial services.
Ahead of high-level talks in Paris with French foreign minister Jean-Yves Le Drian, Hunt warned there would be "profound economic consequences for the rest of Europe" if his counterparts did not take action.
“Probably the City, as the financier of European business, is the central point to make here. If it became harder for European businesses to access finance, that is far from trivial," he said.
“The City itself would find a way to thrive, whatever the outcome of the Brexit negotiations.
“If it became a low-tax, low-regulation, offshoot fully outside the EU, it would find a way to thrive in those circumstances. But for European businesses the impact would be profound.”
Chancellor Philip Hammond got into hot water about 18 months ago for suggesting that the UK may cut red tape and taxes to "become something different" after Brexit.
"I personally hope we will be able to remain in the mainstream of European economic and social thinking. But if we are forced to be something different, then we will have to become something different," he told German newspaper Welt am Sonntag in January 2017. Reported by City A.M. 10 minutes ago.
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BMW announces new £890 million factory in Hungary
The new plant in Debrecen, Hungary, will have the capacity to produce up to 150,000 cars per year
BMW has announced that it will build a new, €1 billion (£890 million) factory in Debrecen, Hungary, as it expands its European production.
The plant will have the capacity to produce up to 150,000 cars per year. It will employ over 1000 people and produce BMW-badged models.
It brings the brand’s number of global factories to 18, with 13 of these being in Europe. This makes sense, given that Europe takes nearly half of all BMW Group sales.
It’s not yet been announced which models will be produced at the plant, but with existing factories in the USA and Asia, it’s likely that the plant will cater for local demand in Europe.
BMW Group boss Harald Krüger said: “The BMW Group’s decision to build this new plant reaffirms our perspective for global growth. After significant investments in China, Mexico and the USA, we're now strengthening our activities in Europe to maintain a worldwide balance of production between Asia, America and our home continent.
"Europe is the BMW Group’s largest production location. In 2018 alone, we're investing more than €1 billion in our German sites to upgrade and prepare them for electric mobility.”
The Hungarian plant will be futureproofed by being compatible with production of electrified cars as well as conventional models, said BMW production boss Oliver Zipse.
It’s the start of an initiative to make every BMW Group factory capable of producing electrified cars," said Zipse, "as the global car industry makes the switch to electrification.
"It will bring greater capacity to our worldwide production network. When production commences, the plant will set new standards in flexibility, digitalisation and productivity."
It hasn't yet been announced when the first cars are expected to roll out of the plant.
*Read more: *
Mini boss: going electric is a real challenge
BMW lines up factory in China to build all-new Minis
Jaguar Land Rover, Ford & BMW could open shared electric vehicle battery plant
BMW UK boss: We will not close UK factories post-Brexit Reported by Autocar 15 hours ago.
BMW has announced that it will build a new, €1 billion (£890 million) factory in Debrecen, Hungary, as it expands its European production.
The plant will have the capacity to produce up to 150,000 cars per year. It will employ over 1000 people and produce BMW-badged models.
It brings the brand’s number of global factories to 18, with 13 of these being in Europe. This makes sense, given that Europe takes nearly half of all BMW Group sales.
It’s not yet been announced which models will be produced at the plant, but with existing factories in the USA and Asia, it’s likely that the plant will cater for local demand in Europe.
BMW Group boss Harald Krüger said: “The BMW Group’s decision to build this new plant reaffirms our perspective for global growth. After significant investments in China, Mexico and the USA, we're now strengthening our activities in Europe to maintain a worldwide balance of production between Asia, America and our home continent.
"Europe is the BMW Group’s largest production location. In 2018 alone, we're investing more than €1 billion in our German sites to upgrade and prepare them for electric mobility.”
The Hungarian plant will be futureproofed by being compatible with production of electrified cars as well as conventional models, said BMW production boss Oliver Zipse.
It’s the start of an initiative to make every BMW Group factory capable of producing electrified cars," said Zipse, "as the global car industry makes the switch to electrification.
"It will bring greater capacity to our worldwide production network. When production commences, the plant will set new standards in flexibility, digitalisation and productivity."
It hasn't yet been announced when the first cars are expected to roll out of the plant.
*Read more: *
Mini boss: going electric is a real challenge
BMW lines up factory in China to build all-new Minis
Jaguar Land Rover, Ford & BMW could open shared electric vehicle battery plant
BMW UK boss: We will not close UK factories post-Brexit Reported by Autocar 15 hours ago.
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Jaguar Land Rover skids to £264m loss on China tariff changes
The UK’s largest car manufacturer Jaguar Land Rover (JLR) posted a pre-tax loss of £264m for the last quarter, blaming changes to tariffs in China.In the quarter to 30 June retail sales increased to 145,510 cars, a 5.9 per cent increase, but wholesales fell five per cent year-on-year to 131,560 cars.
*Read more*: Hard Brexit would cost Jaguar Land Rover £1.2bn a year
The company blamed the profit dip on a tariff change in China, which cut its duty on imports from 25 per cent to 10 per cent, causing consumers to wait for prices to drop before buying new cars.
Revenue for the quarter was £5.2bn, a 6.6 per cent fall year-on-year which JLR said reflected lower wholesales and price cuts in China before the tariff reduction on 1 July.
Chief executive of JLR Ralf Speth said: “We had a pre-tax loss in the first quarter, reflecting the impact of the announcement of the duty reduction in China as well as planned dealer stock reductions in the quarter. We also continue to be impacted negatively by uncertainty over diesels in Europe along with Brexit and additional diesel taxes in UK.”
*Read more*: Jaguar has unveiled the I-Pace: Its secret weapon in the war against Tesla
Speth said JLR would focus on reducing costs while still increasing sales.
“We expect sales and financial results to improve over the remainder of the financial year, driven by continued ramp-up of new models, most recently the electric Jaguar I-Pace, and with the new lower duties effective in China,” he said.
The company said it invested £1.1bn in research in the quarter on new models and next generation vehicle technology and said it was planning on investing £4.5bn over the full year.
In March JLR warned that a hard Brexit could cost it £1.2bn and said that it would make the UK an unprofitable place to do business.
Reported by City A.M. 14 hours ago.
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