AfD-supporting publication has fed racist and far-right nationalist conspiracy theories The German government has banned the rightwing extremist magazine Compact accusing it of whipping up “unspeakable” hatred of Jews Muslims and foreigners while undermining the country’s constitutional democracy In what she called a “hard blow” against the far right, the interior minister, Nancy Faeser, ordered dawn raids in four German states at properties linked to the publication, which is ideologically close to the Alternative für Deutschland (AfD) party and promotes its drive for power Faeser said her ban against a “key mouthpiece for the rightwing extremist scene” was proof that the government was “taking action against the intellectual arsonists who want to incite a climate of hatred and violence against refugees and migrants and defeat our democratic state” Faeser added: “Our message is very clear – we will not allow ethnicity to define who belongs to Germany and who does not.” and an affiliated media production company By late Tuesday morning Compact’s website was down but its X account was still accessible Meta’s Facebook and Instagram platforms removed Compact’s accounts in 2020 for using hate speech The sudden move came as a surprise given that the magazine was already classed as “extremist” by the domestic security watchdog in 2021 but was still widely available at newsagents across the country prominently displayed in the racks next to mainstream publications The monthly magazine, with a circulation of about 40,000, calls itself the “voice of resistance”. It feeds racist, antisemitic, anti-Muslim and far-right nationalist conspiracy theories while spinning Reichsbürger-like fantasies about overthrowing the state The most recent issue featured the cover tagline “Germany for the Germans”, an old Nazi slogan sung in May by a group of well-heeled partygoers on the island of Sylt captured in a video that went viral online and sparked outrage a former leftist who lurched to the right and now calls for the “toppling of the regime” in Germany Media photographs showed the white-haired executive who is also a vocal supporter of Vladimir Putin and Donald Trump in his bathrobe opening his door to several police officers at his home early on Tuesday morning He called the raid an “attack on press freedom” “These are fascist measures by Nancy Faeser Compact magazine’s funds are all being confiscated I can no longer pay salaries,” he was quoted as saying Elsässer built a small but influential media empire with the brand including an internet video channel with nearly 350,000 subscribers and an online shop selling Compact publications as well as books bumper stickers and coffee mugs with far-right slogans Free weekly newsletterThe most pressing stories and debates for Europeans – from identity to economics to the environment media bans are rare in Germany but Faeser said Compact represented a clear threat to the state “It must be feared that recipients of [Compact’s] media products will be agitated by the publications which also aggressively propagate the overthrow of the political order and incited to act against the constitutional order,” the interior ministry said in a statement It called Compact “a principal actor creating networks in the new right” scene which used “alternative media” and social networks to penetrate the mainstream with racist and revisionist propaganda. It is also seen as closely linked to the ethno-nationalist Identitarian Movement The German government has long called rightwing extremism the biggest domestic challenge to security Scull was the mandatory challenger for Canelo Alvarez who held the IBF strap as undisputed champion of the division from Nov after which time he decided to vacate the belt in order to face Edgar Berlanga That sets up Saturday's fight between Scull and No Both men are undefeated and each will fight for a world title for the first time in what could be a career-defining bout for one of these fighters Here's everything you need to know ahead of Scull vs The main event ringwalks will take place at approximately 11:15 p.m although they could take place later due to the length of the undercard fights The card will stream live on DAZN in the United States, United Kingdom and Latin America. You can sign up for a subscription here The fight will take place at the Stadthalle Falkensee DAZN is available on web browsers at DAZN.com (except Argentina, Chile and Colombia) and also has apps available for all of the following TV and streaming devices: German interior minister Nancy Faeser has banned the magazine Compact, considered a “mouthpiece of the far-right extremist scene.” German interior minister Nancy Faeser has banned the magazine Compact, considered a “mouthpiece of the far-right extremist scene.”  The interior ministry announced this on Tuesday. According to the ministry, Affiliated production company Conspect Film GmbH has also been banned. Police raided the outlet’s premises in Falkensee, just outside Berlin, and the homes of leading managers and shareholders in Brandenburg, Hesse and Saxony. Ms Faeser justified the ban by saying that Compact is a “central mouthpiece of the far-right extremist scene.” “This magazine incites hatred against Jews, against people with a history of migration and against our parliamentary democracy in an unspeakable manner,” the minister added. Compact is a monthly political magazine led by editor-in-chief Jürgen Elsässer, who likes to incite his audience at events with slogans like “Americans go home’’ and “Friendship with Russia.’’ In its online shop, the outlet offers a coin with the image of Björn Höcke, a firebrand politician from the far-right Alternative for Germany (AfD). AfD was recently convicted and fined again for using a banned Nazi slogan. Germany’s domestic intelligence service, the Office for the Protection of the Constitution, classified Compact as a proven far-right extremist publication in late 2021. It noted that the magazine spreads anti-democratic and inhumane positions. Ms Faeser said the ban shows that “we are also taking action against the intellectual arsonists who are fuelling a climate of hatred and violence against refugees and migrants and want to overcome our democratic state.’’ For an organisation to be banned in Germany, it was not enough to propagate an anti-constitutional stance; it must do so aggressively and militarily. In its statement, the interior ministry cited fears that readers and viewers of Compact content could be incited and encouraged to carry out anti-constitutional acts. Compact publications “aggressively propagate the overthrow of the political order,” it said.  We encourage you to join the conversation on our stories via our Facebook (adsbygoogle = window.adsbygoogle || []).push({}); The federal government has urged stakeholders in the agriculture and finance sectors in the West Africa region to leverage financing strategies to enhance agroecology practices “Katsina State is Atiku’s political base because it is his second home.” Mr Bolarinwa advocated local production of drugs and vaccines in Nigeria The minister added that Malaysia would deepen cooperation with BRICS and further diversify its markets Julius Pondi and Victor Nwokolo are the lawmakers said this during the opening ceremony of a conference for Nigeria Governors Spouses on Tuesday in Abuja Mr Obi said he supported nursing schools because Nigeria needed more than 1.2 million nurses to address the profession shortage in the country’s hospitals The confirmation came before her arrival on the carpet with photographer Miles Diggs capturing her in a portrait shared to Instagram © 2025 Peoples Gazette™ Limited Christoph Böhmer has worked in industries in the midst of drastic change At McKinsey in the late 1990s and early 2000s he consulted with defense electronics companies as a wave of peace decimated their business models and with telecommunications firms adapting to deregulation he witnessed the commoditization of medical devices and their markets “The summary is I’ve been in places that in a matter of years looked completely different,” he says.  the drastic change happened much closer to home and religious persecution in Iran intensified millions of people fled these countries and arrived in Europe seeking asylum Chancellor Angela Merkel opened Germany’s borders and the country handled the influx in the orderly and technocratic way one might expect: it used an algorithm to distribute the refugees among cities and towns across the country a rural suburb on the western outskirts of Berlin Böhmer saw this news for what it was: a chance to be on the good side of a historic migration of vulnerable humans I want to be able to say I’ve been an integral part in welcoming refugees to my hometown,’” he recalls he was motivated by cases where refugees in Germany had been attacked and killed by xenophobic citizens—he wanted to do his best to make sure that didn’t happen in his hometown “I was simply curious,” he says “and I had the time to live out my curiosity.” Böhmer joined the nascent volunteer effort to resettle the fifty or sixty refugees in Falkensee as it became clear that hundreds more refugees would be arriving soon Böhmer was asked to help lead a re-organization of the volunteer group which became known as Welcome to Falkensee The name of the group was deliberately vague because the initial organizers agreed that it should serve anyone who needed help In addition to providing assistance to a broader population the openness of the organization preempted any criticism about helping foreigners at the expense of local residents Böhmer approached the re-organization project as if he were leading a business unit Overlaid on those groups was a non-authoritarian decision-making and coordination structure suitable for a grassroots entity the group grew to five hundred volunteers—the largest citizens movement in town.  Together they serve the four hundred refugees currently living in Falkensee and neighboring towns The town expects to welcome more refugees in the coming months While the reasons for fleeing Syria are as numerous as ever the refugees are largely being held on the African continent or in Turkey and Greece—fewer and fewer are making it to Europe face at least a year of adjusting to their new environment many of the refugees are on the other side of that transition going to work or attending school—a hard won normality Böhmer has called on his Tuck experience repeatedly during his work with Welcome to Falkensee “I learned how to tackle a big problem by structuring it into a set of smaller problems,” he says and find a structural solution—either in terms of organization or process.” He also learned to be flexible because circumstances change and demand new solutions “The requirements of what we thought we had to do changed over time,” he says of his refugee work “so we discontinued some parts of the organization and started new projects with new working groups.” Hundreds of refugees have Böhmer to thank One is an Iranian who had converted from Islam to Christianity and was being persecuted in the temporary camp in Falkensee Another is a Syrian who was being passed back and forth between two German counties that didn’t want him And the third is an Afghan who fled Afghanistan without his parents and needed a legal guardian Böhmer and his wife and three children (and three dogs) welcomed them all into their home starting in January “They have been with us for almost a year,” Böhmer says “We have this community in our house: Sunni and we co-exist where the experts said it could never work.” McKinsey & Company; BIOTRONIK; Deallus Consulting Krystal Williams T’03 reflects on her career journey and the core values that have guided her Successful leaders develop their own authentic and personal leadership style says long-time PetSmart CEO David Lenhardt T’96 As the vice president for Latin America and the Caribbean Andrei Belyi T'01 leads TechnoServe’s mission of providing business solutions to poverty in 11 countries Michaela (LeBlanc) Weber T’15 trades in her business suit for a bright orange jumpsuit II T’95 is a matchmaker of strategic talent After guiding National City Corp through the financial crisis T’79 found civic engagement in confronting two of Cleveland's public crises—for the sum total of $2 Lauren Krostue T’10 tried working in other industries but something about the hospitality world kept drawing her back Suzanne Schaefer T’02 went into management consulting figuring that eventually she might connect with a particular industry—to her surprise she instead felt a strong pull toward recruiting and talent development Global Grassroots founder Gretchen Steidle T’01 helps women in marginalized communities unlock their considerable potential Jayne Hrdlicka T'88 learned to think deeply and challenge convention—skills she drew on as CEO of the Jetstar Group of airlines If you think the Web made travel agents obsolete Shawna Huffman Owen T’98 has news for you Kathryn Baker T'93 is a true expert on boards of directors She has served on more than 20 of them over the last 16 years ranging from oil and gas companies to Norway’s Central Bank to Tuck’s own European Advisory Board Carolyn McGuire T’83 helped form Community Consulting Teams of Boston It’s still going strong today—and facilitating a lot of good work T'98 Victoria Levy’s post-Tuck career took off with The Monitor Group an iconic strategic consulting firm where she became a partner by age 33 the firm has been acquired by Deloitte and Levy is guiding the integration of the two practices Bill Achtmeyer T’81 has worked with hundreds of senior executives at Fortune 500 companies and shares five pieces of advice for managing a large organization effectively Jennifer Wilson T'99 doesn’t recall how she ended up turning a kindergartner into a caped-crusader but as director of the Make-A-Wish Foundation Duncan McDougall T’87 spent time guiding expeditions of the physical world he has been leading expeditions of another kind Alan Pesky T'60 and his family solidified their resolve to honor Lee’s memory by establishing an organization to help learning-disabled children Fluent in four languages and passionate about entrepreneurship T’04 went from her post-Tuck consulting job at Opera Solutions to spend almost five years working for McKinsey’s Rio de Janeiro office After positions of increasing seniority at Morgan Stanley Kate Grussing T’91 decided she wanted to transform her career by helping others transform theirs Amy Houston T’97 was inspired to attend Tuck after seeing firsthand how a board with for-profit management experience can help a nonprofit and she kept this lesson in mind when she joined the Robin Hood Foundation Vicki Craver T'97 discovered a latent interest in financial strategy after a successful career at Goldman Sachs and raising a family she applies her financial accumen to vetting nonprofit projects T'77 started his post-Tuck career in finance he shifted to the nonprofit sector where he made lasting impact as CEO of AmeriCares before joining the Tuck faculty and project the successful future of her business using the skills she acquired at Tuck In much of the Middle East and North Africa PayPal’s Francis Barel T’05 wants to change that and open people’s lives to the world along the way Mary Humphrey T’99 is helping make the Jane Goodall Institute a leader in on-the-ground conservation Salil Tripathi T’85 became interested in human rights as a teenager in Bombay when the government declared a state of emergency and suspended the constitution for 21 months Debi Brooks T’86 didn’t set out to become a leader in the fight against Parkinson’s disease but she recognized a unique opportunity to make a difference T'88 founded Intercorp to make Peru the best place in Latin America to live and raise a family business is thriving and the future of Peru's emerging middle class has never been brighter A new book on design strategy by Deepa Prahalad T'00 was rated by Fast Company as one of the 13 best design books of the year ©document.write(new Date().getFullYear()), The Trustees of Dartmouth College. All rights reserved. | Privacy FALKENSEE, Germany (AP) — A German scientist who is part of a small team of experts assembled by the World Health Organization to investigate the origins of the coronavirus says they plan to sift through samples and medical data from China to help determine where the bug first jumped from animals to humans and which species it came from The search for the source of the new coronavirus has sparked claims of cover-ups and fueled political tensions,, particularly between the U.S. administration of President Donald Trump and Beijing and the WHO has put together a 10-person team to examine the science a biologist at Germany's Robert Koch Institute who specialized in emerging diseases said that the goal is to gather data to be better prepared for possible future outbreaks who was part of a previous mission to track down the origins of an Ebola outbreak in West Africa said that while he "would love that to be an Indiana Jones mission" with scientists conducting groundbreaking field work "it's more (...) a team effort with Chinese colleagues to help identify the necessary next steps and how to continue," he said One of the difficulties is that those who contract COVID-19 can display a wide range of symptoms similar to flu or other diseases This makes tracking the chain of infection much harder than with Ebola which has clear and dramatic symptoms that people remember Leendertz said scientists would be looking to see whether stored medical samples from before the first known case provide evidence that the virus was circulating earlier than previously thought "Then to see where that track leads us if it's another city or if it stays in Wuhan or where that goes," he said Another line of inquiry will be to examine the famous market in Wuhan that was pinpointed early on as a possible location for the leap from animal to human "It may also be that it was just the first mega spreading event or one of the first," he said Tracking down the animal in which the virus emerged will be key, and for this the group will need to take samples of further bat species and other animals that might harbor the microbe Leendertz said the team has not been informed of any restrictions on their work in China beyond the two-week quarantine all travelers currently face the mission is expected to last four to five weeks Leendertz expressed confidence in China's "excellent researchers" and said data collected by the country's extensive disease surveillance system would likely prove valuable "Also X-rays from the hospitals — we now know quite well what COVID-19 patients look like So that could also be a hint," he said "The big scope is to try to find out what happened," said Leendertz "How the virus jumped from which animal to perhaps an intermediate host and then to humans "The more you know about why these spillover events happen the better you can also check if there are countermeasures you can take to prevent such transmissions in the future." acknowledgement that the follow-up to one of the finest driving games of recent years was bustled out of the door before it was good and ready I can live with the levitating pedestrians at Grundorf Bahnhof ...the permeable brickwork on the corner of Breite Strasse.. ...the over-eager exiters pushing themselves part-way through doors on moving buses.. ...and the huge shark fin protruding from the gutter at Staakener Strasse and mod compatibility issues that have brought me closest to mutiny during the past week If I hadn't arrived an ardent OMSIist and fairly quickly discovered that many of my CTDs were linked to the sim's overworked sound engine (reducing the number of wavs played simultaneously seems to stabilize OMSI 2 for many users) then I probably wouldn't have stuck around long enough to develop a deep and deeply inconvenient affection for the new routes and rides While there's no way I can recommend OMSI 2 in its present frankly rather embarrassing state I'm dutybound to point out that 90% of the time I've spent with it thus far has been thoroughly agreeable Hearing the NG272's articulated midriff creak like an ancient barn door while turning into Grunewaldstrasse Passing under the broad iron bridge at Stresowplatz while an InterRegio express rattles overhead Bouncing along Falkensee's threadbare throroughfares at dusk on my way to the recently opened Wall portal near Freudstrasse OMSI's painstakingly recreated period venues and conveyances made other sims seem pale and synthetic In this sequel there's twice as many evocative Berlin boulevards to barrel along super-tactile omnibus types to do the barrelling in one of the first BVG services to run between West Berlin and the GDR That checkpoint is OMSI 2's looking glass. Passing through it for the first time and finding myself amongst unfamiliar street furniture, comical Trabants (Alas, no Wartburgs yet) and outrageous potholes was genuinely disorientating.. History comes as standard in most military sims To find it lurking so vividly in a bus sim is as unexpected as it is delightful Not that Falkensee is OMSI 2's main attraction. That would be the 12km ribbon of scenery between Ruhleben's U-Bahn station and the mental hospital in Falkenhagener Field Less demanding than the original Stadtgrenze-Freudstrasse run (which features the huge baby-eating Falkenseer Platz roundabout) but no less interesting thanks to a bevy of bridges and turns at the eastern end and some pleasing suburban stretches at the western it's a typically forensic piece of MR-Software civil engineering A new elevation system means inclines are subtler and more faithful if you put your foot down you could probably drive from one end to the other in 30 minutes but as with Stadtgrenze-Freudstrasse the length isn't especially important Factor in the transformative effects of different timetables traffic intensities and weather conditions and the feeling of novelty will probably last for weeks if not months Assuming you select an example that's in full possession of its sound effects (bizarrely some of the game's NG272s refuse to creak and groan when articulating) the new bendy bus is as impressive as the extra slab of Spandau fault prone (all buses now suffer random technical problems) and - if handled clumsily in icy conditions - endearingly errant the only thing the trailered newcomers really lack are giggling youngsters using internal turntables as makeshift funfair rides The debuting kids are all too busy auditioning for The Midwich Cuckoos to misbehave. Added along with grannies (Berlin's grandfathers, like grandfathers everywhere, plainly prefer to travel by jetpack or PTT) infants dress more sensibly than their weather-oblivious elders and stroll through lampposts and bus shelters with the same idiot nonchalance AI vehicles seem a little less Vauxhall Cavalier this time around or cut up by one of the fleet of new panel vans though admittedly that might have something to do with the fact that I drove for a couple of days without realising vehicular collisions are off by default There's been a concerted attempt to improve OMSI's approachability Right now the tutorials are rather undermined by some missing translations and the same bugs that blight the rest of the sim but the overhauled Train Simulator-style menu panel and the slim selection of ready-made scenarios (in OMSI you usually start a session by choosing a date then selecting an appropriate timetable) should make transitioning from that ETS2 HGV or TS2014 EMU somewhat easier Even now its greatness is glimpseable behind the exasperating error messages and giant guttershark fins No part of this website or its content may be reproduced without the copyright owner's permission Rock Paper Shotgun is a registered trademark of Gamer Network Limited Canelo Alvarez signed a four fight deal with Turki Alalshikh in Riyadh This came after he cancelled his deal with Jake Paul which was expected to take place on February 11 2025 Turki revealed one of the contenders to fight Canelo “The Legend Saul Alvarez Canelo will fight William Scull in undisputed fight in Riyadh on the 3rd of May If he wins the fight in September will be undisputed again,” said Turki on X correspondents and fans had their thoughts to share “I don’t know what’s going to happen but William Scull is a nobody He’s a nobody in the sport of boxing He is an International Boxing Federation (IBF) champion I don’t know William Scull,” said Juan Manuel Marquez a former Mexican professional boxer The 51-year old former professional boxer claimed Alvarez opponent is not famous even if he is a champion William Scull was born in Cuba but lives in Berlin Germany and also represents the country he lives in He became a pro in 2016 when his career kicked off and out of the 23 fights he has had The 32-year old holds an IBF world super middleweight division title In 2024 he was listed as a mandatory challenger for Canelo for IBF belt but Canelo decided not to fight him and instead Scull was ordered to fight the second contender Vladimir Shishkin The Bout took place at Stadthalle in Falkensee Germany in October 2024 Canelo cancelled his deal with Jake last week just few days towards the planned date Alvarez claimed that he only fights real fights and advised his fans to ignore what the ‘YouTuber’ was saying Jake made a video to share his side of the story as he displayed a signed contract that had both of their signatures and also a poster with their pictures Jake promised Canelo that in the year 2025 he will make bigger fights than him “So before he was saying Scull step aside and got a check not to fight Canelo but in his words he said if it was him he would go for the belt because as a fighter you want to be a champion Now that Scull is a champion he is a nobody Marquez is just a Berestain 2.0,” said Dante on X after he reposted a video of Marquez talking about Scull If William is not famous like other boxers he has a good chance to be famous through his bout with Canelo Award-winning chef Christian Lohse has worked in high-end kitchens since the beginning of his career He trained in France and since 1989 found a place in the three-Michelin-starred kitchen of Chef Guy Savoy in Paris also working alongside Charles Barrier in Tours and at The Dorchester Hotel in London the turning point: he finally opens the restaurant Die Windmühle in his hometown of Bad Oeynhausen he manages the Michelin-starred Christian Lohse's Restaurant Fischers Fritz in Regent Berlin at Gendarmenmarkt they recently started a tailor-made service inviting people to dinner within their walls Excerpts from the menu can be found on the website Groups of four to ten people can dine at the famous chef's home with private shuttle included upon request Lohse's residence is located in an idyllic area outside the metropolis of Berlin but still easily accessible Lohse pays particular attention to the quality of the product He sources most of the ingredients locally His love for France also leads him to maintain good contacts with the best producers across the border guests can expect an excellent selection of wines but can also bring their own The hosts ensure a unique experience where nothing should be missing: from silverware to dog-sitting Lohse offers his diners everything they desire Lohse replies: "The idea of work-life balance is great everyone wants too much balance: qualified personnel are lacking in gourmet restaurants I believe that fine dining restaurant customers have very high demands that are often not met and they give you 'warm' Champagne: it happens Some restaurateurs have lost the sense of hospitality others suffocate people with too many explanations about food and drinks." the chef mentions other points that leave him puzzled about the current gastronomic scene he emphasizes how he wants to rest and simply do what he wants By inviting people home and cooking like a star Do you want to discover the latest news and recipes of the most renowned chefs and restaurants in the world La nostra società utilizza inoltre cookie funzionali per registrare informazioni sulle scelte dell’utente e per consentire una personalizzazione del Sito; ad esempio Questi cookie possono essere installati dalla nostra società o da Terze parti In caso di disabilitazione di questi cookie la qualità e l’esperienza di navigazione potrebbe non essere soddisfacente Questi cookie sono installati da social media per consentire la condivisione dei contenuti del presente Sito Essi sono in grado di monitorare la navigazione compiuta anche in altri siti e creano un profilo dell’utente sulla base dei suoi interessi Ciò potrebbe avere un impatto sul contenuto e messaggi visualizzati sugli altri siti visitati non sarà possibile utilizzare o visualizzare questi strumenti di condivisione per l’installazione e l’uso di tali cookie occorre il consenso dell’utente Per maggiori informazioni consulta la pagna cookies policy This website is using a security service to protect itself from online attacks The action you just performed triggered the security solution There are several actions that could trigger this block including submitting a certain word or phrase You can email the site owner to let them know you were blocked Please include what you were doing when this page came up and the Cloudflare Ray ID found at the bottom of this page The past year has seen divisions in European and national politics deepen, but some people are making connections that bridge cultural divides and language barriers. The No Stranger Place photo series was developed and photographed by documentary photographer Aubrey Wade in partnership with the UN refugee agency (UNHCR) to highlight these acts of compassion producing imagery shot in the tradition of European family portraiture and reflect individual responses to an ongoing global issue OMSI 2 has just been released and the Steam page contains my favourite feature description of all time: Relive the change taking place in Spandau between 1986 and 1994 OMSI 2 now replicates the exciting years following the German reunification and all the innovations and route expansions (line 137 to Falkensee) that came along with it The exciement and dramatic changes of German reunification recreated via transport developments, timetable changes and route expansions. I've been waiting for this transport simulation period piece to come out ever since I first read Tim Stone's words about the first in the series. His diary is still one of my favourite pieces of writing on the internet It seems like only yesterday that Euro Truck Simulator 2 surprised the world by parking itself in our Advent Calendar, and while I was reading the comments I found a link to a wonderful thread on our forums about the appeal of 'sublime driving games' We might be talking about OMSI 2 for some time and it'll begin tomorrow. Look out for The Flare Path and Tim Stone's return to the streets. © 2025 Rock Paper Shotgun, an IGN Entertainment, Inc. brand. 18 Mansell Street Level 3, London, E1 8AA, United Kingdom. All rights reserved. No part of this website or its content may be reproduced without the copyright owner's permission. Rock Paper Shotgun is a registered trademark of Gamer Network Limited, an affiliate of IGN Entertainment, Inc. BURSASGXHomeEdge WeeklyBy This article first appeared in The Edge Malaysia Weekly on July 19 STATIONERY producer Pelikan International Corp Bhd is hoping to start a new chapter with the proposed sale of its logistics centre in Falkensee who is also the third largest shareholder of Pelikan professes his confidence in the company’s future post the Covid-19 pandemic He says its performance will continue to hinge on its core market of Germany and other parts of Europe Part of the proceeds from the disposal of the Falkensee logistics centre will be used to develop Pelikan’s product range further as well as to grow new markets noting that its business results have been mixed amid the pandemic “Our core market in Germany and other parts of Europe is performing well Latin America is now beginning to pick [up] we will invest in and expand our product range further and into new markets.” Pelikan announced that it was disposing of its logistics centre in Germany for €81 million (about RM400 million) in cash to wholly-owned subsidiaries of HWE Investor GP Sàrl which is part of the Hillwood Group — a Dallas Based on Pelikan’s audited consolidated financial statements for the financial year ended Dec 31 the disposal is expected to realise an estimated one-off gain of RM184.83 million as Pelikan bought the property in 2010 for about €45 million To ensure the continuity of its operations in Germany Pelikan also entered into a conditional lease agreement with HE4 Falkensee 2 Sàrl — one of the purchasers — for its subsidiary Pelikan Group GmbH (PGG) to remain as a tenant of the property for a five-year period PGG will rent 109,036 sq m of the property comprising office and administrative space; production dispatch and conveyor technology areas; an operating cost prepayment office as well as a high-bay warehouse and box storage The rental property’s annual gross lease fee of €4.15 million (about RM20 million) is payable monthly Pelikan said the proposed disposal will enable the group to unlock capital resources that are being tied up as long-term assets and to realise the value of the property at a fair market value while strengthening its financial position As much as RM200 million will be used to repay its bank borrowings resulting in an annual gross interest saving of RM8 million But why sell the asset when it can refinance its borrowings and take advantage of the current low interest rate environment “We decided to cash out the property because its value has appreciated and the cash would be used to partly [pare] down our debts and for future working capital business expansion and to return to shareholders as dividends,” says Loo the size of the property is surplus to our requirements and we can now focus on our core business which is development and marketing of Pelikan products.” Pelikan expects its gearing ratio to decrease to 0.31 times from 0.86 times in FY2020 the group had RM273.03 million in current borrowings and RM126.43 million in non-current borrowings As rumours started to swirl that the group was selling its European assets the counter jumped 52.78% to 55 sen on July 7 — the highest since Sept 24 2018 — after which it declined as the group is only disposing of its German logistics centre and not its European business the quantum of the special dividend was not stated at the time when the announcement was made to Bursa Malaysia Pelikan’s share price plunged as much as 17.8% to an intraday low of 37.5 sen before recovering slightly Pelikan announced that it has proposed to utilise RM120.64 million of the total proceeds for special dividends This translates into a special dividend of 20 sen per share As at last Wednesday’s closing price of 46 sen per share the special dividends translate into a dividend yield of 43.5% News of the specific allocation for special dividends proved popular as Pelikan’s share price jumped 21.5% to 48 sen per share on July 13 Pelikan’s financial performance has been tepid In the first quarter ended March 31 (1QFY2021) it recorded a higher net loss of RM10.88 million compared with RM8.86 million in the previous corresponding quarter Its operation was cash flow negative to the tune of RM14.18 million in 1QFY2021 Almost all of its markets are registering losses and Germany — its largest market — reported a loss of RM2.54 million Although the company was profitable in the Americas it only eked out a profit of RM1.83 million The Americas is also a rather small market for Pelikan compared with Germany and the rest of Europe It remains to be seen how the disposal of the Falkensee logistics centre will improve the group’s performance Bakhram Murtazaliev (23-0; 16) from Russia won the vacant WBA junior middleweight title when he stopped former WBA junior middleweight champion Jack Culcay (33-5; 14) of Germany in the 11th round at the Stadthalle the two fighters stood toe-to-toe slugging it out through the first 10 rounds before Murtazaliev stunned Culcay with a barrage of punches in the 11th round sending him down with a left hook with only seconds left in the round Culcay beat the count but was on very unsteady legs as the referee waved the fight off HITCHINS WINS IBF ELIMINATOR AGAINST LEMOS In an IBF junior welterweight title eliminator Richardson Hitchins (18-0; 7) won on a 12-round unanimous points decision over Gustavo Lemos (29-1; 19) on Saturday night at the Fontainebleau Las Vegas Lemos pressed forward non-stop but this was not enough for the judges Super middleweight Diego Pacheco (21-0; 17) won a 10-rounder over Shawn McCalman (15-1; 7) with scores of 98-92 96-94 to retain his WBO International and USWBC titles Olympic gold medallist Galal Yafai (7-0; 4) won on an eighth-round stoppage against Agustin Gauto (21-2; 15) Yafai retained the WBC International flyweight title In a bout for the vacant WBC female featherweight title Skye Nicolson (10-0; 1) scored a one-sided 10-round unanimous points decision over Sarah Mahfoud (14-2; 3) Junior lightweight Marc Castro (12-0; 8) outpointed Abraham Montoya (22-6-1; 14) over 10 rounds with scores of 100-90 Junior welterweight Ernesto “Tito” Mercado (15-0; 14) won on a third-round stoppage against Deiner Berrio (22-5-1; 13) on Saturday night at the Red Owl Boxing Arena in Houston The 22-year-old Mercado was on top through the first three rounds before Berrio remained on his stool after the third round Junior featherweight Tito Sanchez (13-0; 7) took a one-sided 10-round unanimous points decision over Erik Ruiz (17-11-1; 7) on Thursday night at the Fantasy Springs Resort/Casino in Indio The scores were 97-92 on all three judges’ scorecards Junior featherweight "Gucci" Manny Flores (17-1; 13) stopped Alberto Guevara (27-7; 12) in two rounds Grant Flores (4-0; 3) stopped Freddy Espinoza (10-4; 7) with a body shot at 1:59 in the first round who represented Transvaal (now Gauteng) as an amateur and fought as a professional heavyweight from 3 March 1969 to 13 February 1971 he lost to tough heavyweights like Johnny Britz and Chris Roos a one-time South African heavyweight champion Ashley had his own Gym in Randburg and trained a number of professional fighters Die Linie RE8 ist noch bis zum Fahrplanwechsel Ende 2025 zweigeteilt Im nördlichen Teil verbindet die Linie den Flughafen BER mit Wismar – mit Fahrt durch Hauptstadt über die Berliner Stadtbahn Unterwegs werden dabei unter anderem Nauen Von Berlin aus sind die Ostsee sowie die Landeshauptstadt Mecklenburg-Vorpommerns direkt erreichbar.  Im südlichen Teil fährt die Linie vom Berliner Hbf durch den Nord-Süd-Tunnel nach Elsterwerda und Finsterwalde (Niederlausitz) Unterwegs werden dabei unter anderem die Stationen Blankenfelde (Teltow-Fläming) Die Züge fahren von hier über Doberlug-Kirchhain nach Elsterwerda oder zur Hauptverkehrszeit auch im Wechsel in Richtung Finsterwalde (Niederlausitz) Im nördlichen Teil fährt die Linie zwischen dem Flughafen BER und Wittenberge stündlich Der Abschnitt zwischen Wittenberge und Wismar wird alle zwei Stunden bedient.  Im südlichen Teil fährt die Linie wochentags zu den Hauptverkehrszeiten stündlich zwischen Berlin und Luckau-Uckro Die beiden Äste nach Finsterwalde und Elsterwerda werden dann jeweils zweistündlich angebunden Zu den restlichen Zeiten und am Wochenende gilt der Stundentakt zwischen Berlin und Baruth (Mark) Elsterwerda wird wie gewohnt im Zweistundentakt angebunden die Fahrten nach Finsterwalde (Niederlausitz) verkehren am Wochenende nicht Diese Linie wird ab 02.08.2025 bis 30.04.2026 von der Generalsanierung Hamburger Bahn betroffen sein und es wird hier zu Änderungen kommen – Informationen dazu gibt es auf einer Sonderseite Fahrplan RE8 Nord Fahrplan RE8 Süd Baustellen und Störungen Wie steht diese Linie im Ranking aller Linien dar? Unser Presse-Newsletter informiert Sie regelmäßig zu aktuellen Entwicklungen rund um unser VBBLand ImpressumDatenschutzSitemapKontaktBeförderungsbedingungenTeilnahmebedingungen BarrierefreiheitserklärungBarriere melden © 2025 VBB BURSASGXHomeEdge WeeklyBy This article first appeared in The Edge Malaysia Weekly on July 3 PELIKAN International Corp Bhd’s shareholders can expect a big payday once the deal to sell its entire stake in Pelikan Group Gmbh (PGG) and other subsidiaries based in Germany for €136 million (RM687 million) is completed which holds 157.19 million shares or a 26.06% stake stands to get RM133.53 million from the proposed 10 sen per share special dividend and 75 sen per share in capital repayment Combined with the 20 sen per share special dividend from the proceeds of the disposal of the logistics centre in Germany back in July 2021 UJSB will be getting a total of RM1.05 per share from its investments in Pelikan over the last five years UJSB had acquired the shares from Lembaga Tabung Haji at RM2.10 each UJSB stands to get a 50% yield on its investments in Pelikan Pelikan announced that it was disposing of its stake in PGG — whose subsidiaries produce and distribute stationery and office products throughout Europe Pelikan says the company and its subsidiaries Pelikan Holding AG (PHAG) and MOLKARI Vermietungsgesellschaft mbH & Co Objekt Falkensee KG and Pelikan PBS-Produktion Verwaltungs-GMBH (PBS) had entered into an agreement with Holdham to dispose of their entire equity interest in PGG This confirms a report by The Edge on April 10 that Pelikan was said to be on the verge of a major asset sale PHAG will also be selling its entire limited partnership interest in Pelikan PBS-Produktionsgesellschaft mbH & Co KG (PPG) and all of its equity interest in PBS to the purchaser for €1 each Holdham will assume the debts of €15.4 million owed by Pelikan to PGG and the €16.38 million owed by PHAG to PPG Pelikan will hold an extraordinary general meeting for shareholders to vote on the disposal and the proposed capital repayment It has to obtain approval from shareholders holding at least 75% of the total issued shares The group says it will use RM182.71 mil­lion of the RM695.44 million as working capital repay bank borrowings and cover estimated expenses from the proposed exercise which it will distribute within six months of the completion of the sale — which will take place no later than Oct 31 2023 — via a special dividend and/or a capital repayment the cash distributed via a special dividend to entitled shareholders will tentatively be 10 sen per share while the cash distributed via the proposed capital repayment will be estimated at 75 sen per share The capital repayment will be implemented through a reduction of its existing share capital and will not result in a cancellation of shares and a change in the number of or proportion of shares held by any shareholder the disposal will enable it to unlock and realise the value of its investment at an attractive valuation and enable its shareholders to also realise their investments The price and assignment of debt represent an implied enterprise value/earnings before interest depreciation and amortisation of 9.63 times and an implied price-earnings ratio of 26.8 times an investment holding company co-founded by Tan Sri Nazir Razak will be one of the biggest winners with Pelikan’s disposal of its stationery business Ikhlas Capital’s cost of investment in Pelikan was only 39 sen per share when it subscribed to the group’s 54.84 million private placement exercise in September 2019 The subscription gave Ikhlas Capital a 9.09% holding in Pelikan after Pelikan disposed of its logistics centre in Germany for €81 million to Texas-based real estate developer Hillwood Group the group declared a 20 sen special dividend Combined with the 85 sen per share in special dividend and capital repayment from the proceeds of the disposal of PGG and its subsidiaries Ikhlas Capital will get a return of 269% over a four-year period Another substantial shareholder is private equity fund manager Brahmal Vasudevan who initially held a 6.66% stake in Pelikan via Auctus Ventures Ltd and Nominees Its average cost of investment in Pelikan is not known as the company emerged as a substantial shareholder in March 2015 and then ceased as one in June 2020 While it hardly comes as a surprise to many that Pelikan would sell its core business its CEO Loo Hooi Keat in July 2021 was confident of starting a new chapter for the group with the stationery business remaining intact Speaking to The Edge about the disposal of the Falkensee logistics centre at the time Loo said part of the proceeds from the disposal would be used to further develop Pelikan’s product range as well as grow new markets The group’s performance has been commendable over the last five years which strengthened the belief that it might hold on to the stationery business Pelikan recorded a profit before tax of RM49 million as opposed to RM23.6 million in the previous year mainly on the back of better operating results of the Americas region and the German plant it is clear that Loo and others on Pelikan’s board of directors think it is better to cash out of the stationery business while it is still profitable Pelikan’s share price has surged 128% year to date and closed at 85.5 sen last Friday for a market value of RM515.7 million.  a primary bilingual school situated in the vicinity of Berlin were earlier this month treated to a presentation of the Maltese islands complete with galletti and a popular Maltese drink The event formed part of the Europe Week 2010 and was organised by the Embassy of Malta in Berlin which regularly promotes the Maltese Islands amongst primary and post-secondary schoolchildren and young students in both Berlin and Brandenburg groups of students assisted by their teachers are received at the Embassy and are given a presentation about the Maltese islands delivered a presentation about the Maltese islands This visit was preceded with the embassy providing information material about Malta and Gozo to the students compile projects about the Maltese islands and prepare for a question and answer session these students start learning English from an early stage the embassy’s visit provided them with a unique opportunity also to prepare and ask questions in English The visit was another success in this overall campaign with the school management requesting the embassy to maintain this event on an annual basis The Embassy is well aware of the positive tourism-related spill-over effect of such visits also within the children’s households students are encouraged to get feedback from their parents and siblings on the Maltese islands with a view to raising further awareness also beyond the classroom please register for free or log in to your account.