Central Banks Sell Gold for First Time in a Decade

(Bloomberg) — Central banks became gold sellers for the first time since 2010 as some producing nations exploited near-record prices to soften the blow from the coronavirus pandemic.

Net sales totaled 12.1 tons of bullion in the third quarter, compared with purchases of 141.9 tons a year earlier, according to a report by the World Gold Council. Selling was driven by Uzbekistan and Turkey, while Russia’s central bank posted its first quarterly sale in 13 years, the WGC said.

While inflows into exchange-traded funds have driven gold’s advance in 2020, buying by central banks has helped underpin bullion in recent years. Citigroup Inc. last month predicted that central bank demand would rebound in 2021, after slowing this year from near-record purchases in both 2018 and 2019.



chart, histogram: Cashing In


© Bloomberg
Cashing In

“It’s not surprising that in the circumstances banks might look to their gold reserves,” said Louise Street, lead analyst at

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SES and CANAL+ Strengthen Partnership With Long-Term Extensions across Western Europe, Central Europe and Africa

LUXEMBOURG–(BUSINESS WIRE)–Oct 29, 2020–

SES and CANAL+ have signed new long-term strategic agreements for satellite capacity across three geographies, strengthening the companies’ longstanding partnership and underlining the importance of satellite in delivering premium content to more than 10 million subscribers.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201029005375/en/

SES and CANAL+ Strengthen Partnership With Long-Term Extensions across Western Europe, Central Europe and Africa (Photo: Business Wire)

The multi-transponder contract renewal extends SES and CANAL+ relationship to the end of the decade. It enables SES to support the French pay-TV operator in broadcasting its high-quality bouquets to millions of households around the world via 19.2 degrees East, 23.5 degrees East and 22 degrees West. The new contract represents additional secured backlog of over EUR 230 million and includes options for additional capacity and extensions.

Partners with SES since 1995, CANAL+ will continue to utilise satellite capacity to broadcast

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New Czech Ownership of Central European Media Should Boost Profits, if Not Reputation

The completion of Czech billionaire Petr Kellner’s (pictured) buyout of broadcast network Central European Media Enterprises (CME) has raised hackles in Kellner’s native country, where a healthy suspicion of media moguls has been fueled by the prime minister’s own online and print holdings.

Kellner’s company, PPF, which began the acquisition process of CME a year ago, paying $1.1 billion for the network, had its purchase approved by regulators and the European Commission last week. The CME holdings, which comprise leading commercial broadcasters and studios stretching from Prague to Sofia, dominate the regional market, but were thought to be marginal to the core value of AT&T, which acquired them when it merged with Time Warner in 2018.

Kellner has pledged to respect the independence of CME’s news organizations, announcing, “We want to build on those successes and on the position that these networks occupy in their respective markets as independent broadcasters.”

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Opportunistic Stegelemier leads Fruita past Central | Sports

An unexpected player emerged as the star Thursday night for the Fruita Monument defense.

Kaison Stegelmeier scored two defensive touchdowns to pace the Wildcats to a big lead and their offense took care of business from there as they raced past Central 55-12 at Stocker Stadium. Fruita Monument (2-2, 1-2 Class 4A Western Slope Conference) has won three straight meetings against the Warriors (0-4, 0-3 WSC).

“I always put in my best effort, but tonight, I guess I got lucky,” Stegelmeier said. “It was awesome, but it was because of the other defensive players. I was just there to pick them up and score.”

The sophomore scored the opening quarter’s only points. Central drove past midfield on its first drive after quarterback Devin Hickey completed a pass to Cash Walker. Shortly after, however, Hickey lost the ball at the Warriors’ 48-yard line, Stegelmeier picked up the ball and ran down

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Dimethyl Carbonate (Dmc) Market Business Tactics and Expected Reach Approximately USD 641.2 Mn By 2028

Pune, Maharashtra, India, October 30 2020 (Wiredrelease) Prudour Pvt. Ltd :Dimethyl Carbonate (Dmc) Market Scenario and COVID-19 Impact Analysis:

Market.us, one of the worlds leading by prominent market research firms has released a new recent work on Dimethyl Carbonate (Dmc) based on business intelligence, consumer preferences and statistical surveys. The demands for spirits has been increasing gradually. Besides that, the report illustrates the primary obstacles and new expansion strategies implemented by key players in the industry. This research study is a valuable source of understanding data for business strategies, growth analysis, historical and futuristic cost, demand and supply data.

Revenue value for global Dimethyl Carbonate (Dmc) market to reach USD 641.2 million by 2028 and valued approximately USD 392.1 million in 2018 is anticipated to grow with a healthy growth rate of more than 5.7% over the forecast period 2021-2030.

This report contains a thorough analysis of the pre and

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Payouts by Central Florida law enforcement for brutality

When it comes to brutality, we often only hear about cases when they’re filmed, and the video makes national headlines. But cases involving police happen more than you might think.WESH 2 News dug into the records of several local law enforcement agencies and found they’ve been paying out big bucks to settle excessive force claims.Deidra Reid was a teenager injured by Orange County sheriff’s deputies at an apartment complex. “Two off-duty officers assaulted her because they thought she was rude to one of the police officers’ sons. Her arm was dislocated,” said Orlando civil rights attorney Natalie Jackson.Terre Johnson, a gay homeless man, was pummeled by an Orlando police officer in Parramore.”You see the officer pretty much taunting Mr. Johnson. As he is walking away, the officer pulls his Taser out on Mr. Johnson. Mr. Johnson turns around and says, ‘I wish you would,’ and at that point, the officer … Read More

After 23 years in business, Golestan Bakery evicted from central Lonsdale location

After 23 years in business, Golestan Bakery, a fixture of central Lonsdale in North Vancouver, is being forced to close its doors for good after being served with eviction papers on Wednesday for non-payment of rent.

Owner Jalal “Jay” Darvishi said he is heartbroken and out of options because his landlord refused to apply for Canada Emergency Commercial Rent Assistance (CECRA), and wouldn’t cut him a break on his monthly rent of $7,200.

“After COVID happened, I told [my landlord] the government is helping small business with rent subsidies. But he said no, I need full rent, I don’t care,” he said. 

The ripple effects are devastating to Darvishi and the business he has poured his life into.

He opened the bakery in 1997 with one employee, choosing the name Golestan — which means flower garden in Persian — to reflect the diversity of the neighbourhood.

Golestan Bakery opened at
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MTA Agrees To Reduce Rent For Grand Central Businesses

MIDTOWN MANHATTAN, NY — Retailers in Grand Central Terminal struggling to survive amid a precipitous drop-off in customer traffic got a bit of relief this week, as the MTA approved a rent reduction package demanded by the business owners and elected officials.

The deal, approved by the MTA board Wednesday, will forgive all rent payments that most Grand Central tenants made from April through July.

It also cuts current rent to either 10 percent of this year’s total sales or 10 percent of the tenant’s original rent — whichever is larger. That latter figure will double to 20 percent in January.

The reduction will remain in place through January 2023, or whenever ridership bounces back to 75 percent of pre-coronavirus levels. The deal doesn’t include national banks or retail chains, W42ST reported.

The long-awaited measure comes after business owners and elected officials pushed the MTA for months to help the

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UCF project will study smart tech to improve risk communication in central Florida

ORLANDO, Oct. 29, 2020 – University of Central Florida researchers are leading an interdisciplinary project to help communities use artificial intelligence and smart technologies to bounce back from disasters quickly.

The project is funded by a recently announced $1.2 million grant from the National Science Foundation as part of its Smart and Connected Communities program.

The three-year project will examine past use of AI and smart technologies for emergency response and risk communication in the Central Florida region and also implement new ones. It will also analyze leveraging community partnerships that exist, such as Seminole Heart, and identify ones that could be developed.

This resilience research is important since the region routinely faces threats from natural disasters such as hurricanes, flooding and tornadoes, as well as human-made emergencies and crises.

The study area will cover 78 towns and cities in eight counties — Brevard, Lake, Marion, Orange, Osceola, Seminole, Sumter

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European Central Bank: Just wait until December

The European Central Bank held off from strengthening its current economic stimulus but signaled that more could be coming at its December meeting given that risks are growing as surging coronavirus infections threaten Europe’s economy

Lagarde said Thursday that recent data show the economy “is losing momentum more rapidly than expected” and that there had been “a clear deterioration in the near term outlook.”

The bank’s staff is already working on a “recalibration” of the bank’s stance ahead of

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