W. M. Keck Observatory and Duke Energy s Rec Solar Announce Completion of Major Sustainability Project in Hawaii
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CHARLOTTE, N.C. and MAUNA KEA, Hawaii /3BL Media/ - Duke Energy’s REC Solar and W. M. Keck Observatory have completed the world’s largest commercial solar system installed at the record-breaking altitude of 13,600 feet.
The rooftop solar project – located near the summit of Mauna Kea, a dormant volcano on the Big Island of Hawaii – will reduce Keck Observatory’s carbon footprint and lower its cost of energy.
The solar photovoltaic (PV) system is located on the rooftop of Keck Observatory’s telescope facility, between the domes of the twin Keck I and Keck II – among the world’s largest optical and infrared telescopes. The system will annually produce 259.1 MWh of energy, which will reduce the observatory’s electric power needs by about 10-15% and eliminate 183 metric tons of carbon emissions.
(MENAFN - Colombo Gazette) i Lanka s most preferred youth telco, Airtel Lanka announced a major expansion to its existing Customer Service footprint across the island. The expansion takes place as part of Airtel s aggressive drive towards customer experience optimization in view of the anticipated launch of Airtel 4G.
With the expansion, Airtel now has 5,000 Service Points and 70 Bell Stores as Service Partner outlets island-wide. Accordingly, customers can walk into any of these places and avail services such as obtaining a new connection, reloads, bill payments, SIM upgrades and many more. We have been consistently enhancing our network offering, and pairing these improvements with an unbeatable customer experience. Through this robust approach we want to ensure a smooth transition towards the roll-out of our world class 4G network. We hope that our extended investment within the island is a reflection of our lifelong commitment to our existing and future customers and we wil
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Insurer opts to make sweeping changes to its operations, partnering with LTI to implement the full Duck Creek Suite via Duck Creek OnDemand
Boston, Feb. 16, 2021, the provider s SaaS solution for the P&C insurance industry. Having previously migrated Duck Creek Claims to Duck Creek OnDemand, MBG CIO Adam Solomon saw the benefits immediately and made the decision to carry out the same process for all of its core insurance technologies. The carrier is partnering with LTIfor this business transformation initiative, and all three organizations intend to work closely together throughout the process.
As part of a broader cloud strategy for its business, the carrier s decision to migrate all of its core systems to SaaS was driven by a desire for a modern operating model that will allow them to shift more resources to direct support of their agents and customers. A regional carrier in a market saturated by the largest players in the industry, MBG saw this move to SaaS as an opportuni
(MENAFN - ING) The dollar appears overvalued in the short term
We used our short-term fair value model to gauge any mis-valuation of major G10 FX pairs. The model includes the following factors: a) 2-year swap rate differentials; b) relative equity performance; c) relative shape of the yield curve; d) the gauge of global risk sentiment; and e) for commodity currencies also a measures of various commodity prices. In the model, we use rolling betas over a fixed window to ensure the fair values adjust to the changing dynamics and the importance of the drivers behind the currency.
Figure 1 below provides a snapshot of the current mis-valuation in the major G10 pairs, differentiated by USD and EUR crosses. Fig. 1 - Major G10 pairs deviation from short-term fair value
Major bank clamps down on new build lending to investors ahead of LVR changes
16 Feb, 2021 04:00 PM
6 minutes to read
Loans for housing building are exempt from the loan to value ratio restrictions on bank lending.
Loans for housing building are exempt from the loan to value ratio restrictions on bank lending.
A major bank has stopped home lending to investors for new builds unless they have at least 40 per cent equity - that s despite new builds being exempt from lending restrictions. Last Tuesday the Reserve Bank confirmed it would bring back loan-to-value ratios for banks with most investors required to have at least 30 per cent equity by March 1 and 40 per cent by May 1.