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A severe frost in Brazil has damaged coffee crops, prompting an increase in global coffee prices. According to Reuters, arabica coffee prices have surged to the highest level in almost seven years. "But coffee is grown all over the world, and smart coffee buyers will be able to adapt by finding new sources to replace the lost supply in Brazil," says Daniel Reichman, an associate professor anthropology at the University of Rochester. "Brazil’s losses will benefit coffee growers in places like Colombia and Central America." Reichman explains that the coffee market is segmented between large scale buyers that have sophisticated hedging strategies to deal with risk, and small scale roasters that might have a relationship with single farms. Reichman, who has researched the coffee-growing economies in both Central America and South America, wrote about "big coffee" in Brazil for The Journal of Latin American and Caribbean Anthropology. His upcoming book is titled Progress in the Balance: Mythologies of Development in Santos, Brazil. It's a study of political and economic transformations in the city of Santos, which has been the hub of the world coffee trade for more than a century.
Next biochar webinars announced to reach global market
• Next series of biochar online events scheduled for August and September • Benefits of using sustainable form of charcoal to be highlighted • Original event attracted people from around the globe Two more virtual events have been planned to highlight the benefits of using biochar, which is a sustainable form of charcoal made from organic waste. The free events will be taking place on 24 August and 29 September and follow the popular presentation held last month by the Energy and Bioproducts Research Institute (EBRI) at Aston University. Organisers of the event, Biochar Webinar: Challenges, Benefits and Applications, were inundated with hundreds of businesses from across the globe, including in New Zealand and South Africa, signing up to find out more about how they could benefit from using the fuel source. Tim Miller, director of engagement at EBRI said they had received positive feedback from the first event, and so wanted to make sure a wider audience could find out more about it. “In the build-up to COP26 which will be happening in November, the world is going to be talking more and more about energy, sustainability and the path to net zero. This is why it’s so important for us to be able to showcase what we do within EBRI, along with the research, but also be the thought leaders in such an important subject which will be affecting us all. “This is why we have decided to release two more dates for the talk, and have also been mindful to host one later in the day so our counterparts in countries such as America will also be able to log in and find out more about biochar,” he said. Biochar has a wide variety of uses, including carbon capture, water treatment, soil improvement, odour control and industrial applications. The expert-led virtual session will help anyone with an interest in biochar to be able to find out more about how the multi-purpose material can help decarbonise rural and urban environments. The talks will be held on 24 August between 10am – 11am, and 29 September between 3 - 4pm. To sign up for the event, visit www.bioenergy-for-business.org/ebri-out-and-about/ For more details about the world-leading research taking place at EBRI, visit: https://www.aston.ac.uk/research/eps/ebri
Covering World Breastfeeding Week? Our experts are here to help
August 1-7 is World Breastfeeding Week, and the University of Mary Washington has the ideal expert for any journalist looking to learn more or cover this important topic. Did you know that breastfeeding is one of the top maternal priorities for many organizations, including the World Health Organization (WHO), the American Academy of Pediatrics (AAP) and the Centers for Disease Control and Prevention (CDC)? Assistant Professor of Communication Elizabeth Johnson-Young has done extensive research on women’s intentions to breastfeed and how the communication they receive during pregnancy and postpartum from various sources such as doctors, lactation consultants, friends and family, magazines, books and parenting groups can impact the decision to breastfeed. She's also explored the connections between breastfeeding and body satisfaction. Dr. Elizabeth Johnson-Young is a published expert on health communication, especially maternal and family health. She is ready to help if you are looking to cover this topic - simply click on her icon now to arrange an interview today.
Brexit: UK services are losing out to EU rivals – but Asia could be big winner
"Seven months after Britain’s exit from the EU, the chilly effects on UK trade are being felt. Total exports of UK goods and services were down by 13% (£36 billion) and imports down 22% (£66 billion) for January to May 2021 compared to the same period in 2019." Professor Jun Du, Aston Business School Singapore looks like one of the big winners from Brexit. joyfull In a separate new ONS report into UK services, exports and imports fell 12% and 24% in the first quarter of 2021 compared to the same period in 2019. To some extent this is due to the pandemic, but the decline with EU countries was more severe (exports down 15% and imports by 39%), which suggests Brexit was relevant too. The difference between services exports to EU and non-EU countries was particularly marked in sectors like construction (-43% vs +24%), maintenance and repair (-62% vs +11%), and manufacturing services (-40% vs -12%). It seems to confirm that the UK’s services offering has been made less competitive by the EU-UK Trade and Cooperation Agreement hardly covering such business. This has left EU members free to decide whether to allow different UK providers into their markets. But as we shall see, other services exporting countries outside the EU may also benefit as a result. In our recent paper, Ireland looked like the big winner. It has probably benefited from firms relocating and business being re-routed from the UK, not to mention low corporation tax and a young well-educated workforce. Between 2016 and 2019, Ireland’s services exports rose 24% (that’s €144 billion or £123 billion), driven by financial services, IT and transport. Speculation still abounds about which other EU cities will benefit in the medium term. Amsterdam surpassed London as Europe’s largest share-trading centre in January by absorbing much trade in euro-denominated assets, though London has been back on top recently. Other potential winners include Frankfurt (banking), Luxembourg (banking and asset management) and Paris (financial, professional and business services). Even a less serious contender like Berlin can attract tech talents thanks to its culture clusters and affordability. On the other hand, most financial traders have so far remained in London. The city is still strong in hosting stock market flotations and other forms of capital raising. And the flow of financial jobs out of London has been a fraction of what remainers predicted. A four-year regulatory transition period for areas like data protection and electronic trade will undoubtedly be helping. London vs EU rivals is only half the story. James Padolsey/Unsplash, CC BY-SA Yet all this misses a bigger picture, namely that Europe’s ability to provide services may have been weakened overall. Imagine a group of US investors wants to invest £1 billion in European shares and other financial assets. In the past it might have set up a fund in London, making use of the city’s network of lawyers, accountants, bankers and other finance professionals, while filtering some of the work to specialists in, say, Paris and Frankfurt for issues related to France and Germany. But now Brexit means the fund can’t invest in certain EU securities from London. The investors would have to set up a second fund in, say, Dublin to get exposure to all the EU assets they want. The additional expense and time involved makes them decide it will be more lucrative to set up an Asia-focused fund in Singapore instead. When you multiply this effect across every sector, it is potentially huge. Certainly some investors will decide to either switch attention from the UK to EU countries, or to live with the extra cost of doing business across both the UK and EU. But others are deciding that an opportunity somewhere else in the world now looks more attractive. The danger is that this adds up to a global shift in economic weight over time. In fact, we could be seeing signs of this already. Winners and losers In follow-on research that we have yet to publish, we have been analysing the services exports of the major service providers in Europe and globally, using trade data jointly collected by the World Trade Organization (WTO) and the Organisation for Economic Cooperation and Development (OECD). The data shows the UK was and is the biggest services exporter in Europe and second only to the US worldwide, but appears to have been losing ground since Brexit. Ireland and the Netherlands are the major growth stories in Europe, while China, India and Singapore are leading the way elsewhere. Services exports by country, 2019 vs 2015 Trends in services exports. Left: 2015 data in solid coloured bars; 2019 change in yellow markers. Right: Green bars represent accelerating service growth; red bars represent decelerating growth. BaTIS The UK’s services growth trend fell 11% in the 2016-2019 period compared to 2010-15. This backs up our recent published research finding that the UK’s global share of exported services fell from 8.9% in 2005 to 7% in 2019. Meanwhile, France, Spain, Italy and Belgium’s growth has also been declining, while Germany, the Netherlands, Switzerland, Luxembourg, Austria and also the US were static. Ireland was the fastest growing services exporter among all, but Singapore and India gained momentum too. Strikingly, we see increasing growth in Asia between 2016 and 2019 in sectors like travel, financial, IT and creative services. This includes extraordinary growth in Singapore in finance, business, insurance and pension provision, and also in China in numerous segments. It looks like nothing short of a boom. Shanghai has been on the up and up. Krzystsztof Kotkowicz, CC BY-SA This may partly reflect the industrial transformation taking place in the Asian developing world from manufacturing to services. It may also capture a long-term shift of services centres from the west to the east – a reshuffle on a truly global scale. But at the same time, it’s evidence that Brexit has weakened the UK as the European centre for services. Yes, business shifted to Ireland (and Luxembourg) to some extent, but that could be hiding a wider collective setback. The question for the years ahead, for the UK and its European services peers, is whether they can come up with arrangements that help maintain their collective strengths – and to what extent they can exploit opportunities elsewhere, particularly on developing countries, where US services providers have traditionally been far ahead. This article was co-written by Professor Jun Du and Dr Oleksandr Shepotylo.
Canadian finances 101: What you should know as a newcomer
Canada’s financial ecosystem is made up of banks, credit unions, trusts, and other financial and insurance companies and it is considered to be one of the most sound and safest in the world. According to the Global Competitiveness Report 2019, published by the World Economic Forum, Canada ranked 9th globally for its financial system, showcasing stability and reliability. As you plan your move, familiarizing yourself with the Canadian banking and financial landscape can help provide context to key tasks like opening bank accounts, building credit history, borrowing money, and filing taxes. In this article: Types of financial institutions in Canada Getting started with taxes: The Canada Revenue Agency (CRA) Canada: A credit-based economy Banking, investments, and money transfers What are the types of financial institutions in Canada? Financial institutions in Canada can be classified into three main categories: 1. Banking institutions These are places where you can deposit, withdraw and borrow money. Examples of such institutions include banks, online-only banks, credit unions, trust companies, mortgage companies, etc. Banks A bank is licensed to receive deposits and make loans. Most banks are managed by the national government. The five largest banks in Canada are often referred to as the “big five” in banking. They are: Royal Bank of Canada (RBC), Toronto-Dominion Bank (TD), Bank of Nova Scotia (Scotiabank), Bank of Montreal (BMO), and Canadian Imperial Bank of Commerce (CIBC). Sometimes, you may hear the term “big six,” including the National Bank of Canada – although, note that its operations are primarily focused in the provinces of Quebec and New Brunswick. Digital-only banks In addition to these banks, there are a few digital-only banks, such as Tangerine (a subsidiary of Scotiabank), Simplii Financial (a subsidiary of CIBC), and EQ Bank. They provide all services online only and do not have any physical branches. Credit unions A credit union is a smaller financial institution that is owned by its members, who are also typically account holders. They operate under provincial legislation and regulations and provide similar services as banks. The main difference between a credit union and a bank is their structure; credit unions are owned by anyone with money in the credit union. The operations are supervised by a democratically elected board of directors made up of local community members. Due to their scale of operations, note that credit unions may have fewer branches and ATMs than a big bank would. Tip: As a newcomer to Canada, you can choose any financial institution of your choice. However, it is helpful to know that the big five banks (like RBC) have newcomer banking packages that specifically cater to permanent residents and international students and are thus better positioned to assist you in your unique situation. Trust companies Trust companies are legal entities similar to banks that act as an agent (on behalf of a person or business) for the purpose of administration, management and the eventual transfer of assets to a party. Mortgage companies Money lending entities such as mortgage finance companies (MFCs) and mortgage investment corporations (MICs) provide real estate financing. MFCs are non-depository financial institutions that underwrite and administer mortgages sourced through brokers. Their lending is funded mainly through securitization or direct sales to third parties, primarily the big six banks. MICs and other private investors typically deal in uninsured, customized mortgage products that are not available through traditional channels. These products include non-prime loans, second mortgages and very short-term mortgages. Key financial authority: The Bank of Canada The Bank of Canada is the nation’s central bank. Its principal role is to promote the economic and financial welfare of Canada. The Bank influences the supply of money circulating in the economy, using its monetary policy framework to keep inflation low and stable. It promotes safe, sound and efficient financial systems, within Canada and internationally, and conducts transactions in financial markets in support of these objectives. Additionally, the Bank of Canada also designs, issues and distributes Canada’s bank notes and acts as the “fiscal agent” for the government of Canada, managing its public debt programs and foreign exchange reserves. It also sets the interest rates in Canada. 2. Insurance companies These are entities that sell insurance to cover the risk of loss in various situations, caused due to a variety of factors. They include homeowner or renter’s insurance, health insurance, car insurance, life insurance, and more. They compensate you for any loss that’s covered by your insurance policy. Once you purchase a specific type of insurance, you are required to make periodic payments, called premiums, to the insurance company to avail of the agreed-upon coverage. 3. Investment companies These are organizations that focus on investing, administering or managing funds or money on behalf of other persons. Examples of such companies are investment banks, hedge funds, underwriters, and brokerage firms. Note: There might be an overlap in the services provided by financial institutions. For instance, a leading bank like RBC offers banking services, mortgages, a wide variety of insurance options, investment solutions, and more. Tip: Beware of predatory lenders offering payday, instalment, and other types of loans with very high interest rates. These lenders often prey upon people who need cash quickly and who have run out of all other options. They usually have exorbitant interest rates, confusing and misleading representations, and a lack of transparency and documentation. Therefore, always double-check money lending claims that seem too good to be true. Note that payday loans are provincially regulated while instalment loans are unregulated. What this means is – while interest rates cannot exceed 60 per cent, lenders are effectively free to change terms and add fees and other charges almost at will. Getting started with taxes: The Canada Revenue Agency (CRA) The CRA administers tax laws for the Government of Canada and for most provinces and territories. It administers various social and economic benefit and incentive programs delivered through the tax system. The CRA website is the go-to place for everything related to your taxes: filing annual tax returns, checking receipt of Government benefits and subsidies, viewing tax documents, etc. Important: To register for CRA’s “My Account,” you must have filed a tax return for the current or a previous year. Download Arrive’s free tax guide for newcomers for insights on how to file your taxes and to make sure you’re prepared to manage the expectations that come with paying taxes in Canada. Note: Beware of a long-running CRA scam with callers posing as representatives of the CRA. The CRA will never use threatening language nor ask for information about your passport, health card, driver’s license, or demand immediate payment by Interac e-transfer, bitcoin, prepaid credit cards or gift cards from retailers such as iTunes, Amazon. Canada: A credit-based economy North American countries such as the U.S. and Canada are known to be credit-based economies. This essentially means that most people use their credit cards (instead of debit cards or using cash) to make purchases and then repay the entire amount owed either at the end of their credit card billing cycle or in installments. You will need to build your own credit history, since this is essential to many aspects of life in Canada. Once you receive your first credit card, start by making payments for small expenses such as phone bills or groceries, and be sure you pay the balance in full by the end of the billing cycle. Tip: Keep in mind that credit cards have limits and do not offer free money. They can carry very high-interest rates, so your balance should be managed and paid down promptly – this will help you maintain a good credit rating. A credit score is a way for financial institutions to measure your ability to repay loans. Some scenarios where you may be asked for a credit report are while renting accommodation, applying to certain jobs, and obtaining mortgages or other loans from the bank. Additional resources Download Arrive’s free Credit guide to learn more about credit cards, credit scores, and credit ratings in Canada. For tips on staying debt-free and building your credit history in Canada, read How to build a good credit score from scratch as a newcomer. Banking, investments, and money transfers in Canada Banking Like many other countries, in Canada, you can conduct all your banking and money transfer transactions by walking into a branch or online, through internet banking. See How to open a bank account in Canada as a newcomer to know the process of opening a newcomer account. The article will also provide tips and resources to help you learn more about credit and direct deposits. Investments There are many financial products available to save and invest your money in Canada. They can be broadly classified into savings accounts, registered savings plans and investment products. Depending on your goals and your appetite for risk, you can choose one or a combination of several of these. Read Savings and investments for newcomers in Canada for deeper insights into all available investment products. Money transfers For domestic peer-to-peer payments (think: sending money to a friend, relative, co-worker, or acquaintance in Canada), there are a couple of ways to send and receive money online: Interac and Paypal. Interac is a bank-based tool, while Paypal is a non-bank, third party service. Among these, Interac e-transfers are the most popular and widely used form of peer-to-peer payments in Canada. You can send money overseas through online or mobile banking, by telephone, by email, or in-person. Banks like RBC have a simplified, affordable, and convenient process for international money transfer through online banking. If you have the recipient’s banking information handy, all it takes is a few clicks! Some popular options for international remittances are: Banks Credit unions Money transfer operators like Western Union, MoneyGram, WorldRemit, etc. Peer-to-peer transfer providers such as Transferwise (now, Wise), CurrencyFair, Paypal, etc. Currency exchange businesses When sending money overseas, the Canadian federal government tracks large sums (over $10,000 CAD) through Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) to prevent money-laundering, terrorism funding, and related crimes. Understanding financial products and regulatory agencies in Canada can make you feel overwhelmed. Start with the basics so you can build awareness and a strong foundation to manage your finances in Canada. Original article located here, published by Arrive.
Environmental scientist on heat wave in western U.S.
Jonathan Gilligan, Associate Professor of Earth & Environmental Science and Civil & Environmental Engineering at Vanderbilt University, is available for commentary on the recent heat waves and how climate change plays a role. Professor Gilligan's research focuses on global climate change and environmental policy. He also serves on Vanderbilt's Climate Change Research Network, which focuses on the reduction of carbon emissions from individuals and households. He can speak to how climate change is affecting our temperatures and future related trends we might see.
MEDIA RELEASE: What Canadian travellers need to know before beginning their next trip.
Orion Travel Insurance highlights how travelling around the world will be different With the recent announcement of relaxed quarantine restrictions for fully vaccinated Canadians, many eager travellers may be considering embarking on international travel as soon as possible. Orion Travel Insurance reminds travellers, that a Level 3 Global Affairs travel advisory remains in effect, and Canadians need to understand the ongoing uncertainty associated with international travel. “Entry requirements can vary by destination whether it be a different province, state or country. Travellers need to monitor those requirements closely and be prepared to carry additional documentation like proof of vaccination, and proof of valid COVID travel insurance,” says Kellee Irwin, Vice President, Orion Travel Insurance. “Many Canadians are excited to resume travelling, however a government advisory to avoid non-essential travel remains in place, and Canadians need to take the necessary precautions to ensure they protect themselves before embarking on their vacation.” With many Canadians now looking to book future vacations, Orion Travel Insurance wants to ensure travellers are protected. As of July 1st, Canadians are eligible for full emergency medical coverage with Orion Travel Insurance, even during a Level 3 COVID-19 related travel advisory, if they are fully vaccinated (having received all doses of a Health Canada-approved vaccine) at least 14 days prior to departure. Irwin advises travellers that insurance policies do vary by provider, and may have changed due to COVID-19, so it’s important to review your policy, and understand what you’re covered for before you travel. “Orion Travel Insurance supports the safe return to travel and recognizes the health and safety of Canadians should remain top of mind. We strongly encourage all travellers to ensure their travel insurance includes appropriate medical coverage, and that they continue to monitor evolving entry requirements of their destinations.” Anyone Canadians travelling in the near future should also consider the following tips: A Level 3 Global Affairs travel advisory remains in effect. Before planning any form of travel, Canadians should take steps to protect themselves and others. Canadians and permanent residents will be able to upload a copy of their vaccine certificates to the ArriveCAN app, allowing them to bypass mandatory hotel quarantine when they return to Canada. Travelling standards will vary by destination, and not all services or businesses may be open, or offer full services. Book your accommodations and activities before you go and check out their protocols in advance. Pack face masks, cleaning supplies, travel-sized snacks, water, and hand sanitizer – not only for the trip, but to have on hand at your destination. Monitor local media and government websites to stay informed of conditions and potential changes to entry requirements at your destination. Update your passport so it is ready when you are. And be prepared to pack additional documentation required for your destination, such as proof of vaccination, negative COVID test documentation, and proof of travel insurance. Insurance policies vary by provider. Review your policy and understand what you’re covered for before you travel. Don’t travel if anyone in your party or household is sick.
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Aston University cybersecurity experts hold key to vaccine passport rollout
Vaccine passports are certificates to establish proof of vaccination linked to the identity of the holder Renowned expert, Koji Fusa, visiting professor at the Cyber Security Innovation Research Centre (CSI), on the project to develop a global database for citizens to use in real-time. The CSI Centre at Aston University say creating a clear framework of rules for digital identities is achievable Leading cybersecurity industry expert, Koji Fusa, has made progress towards developing a framework for the world’s citizens to store their digital identities and access them in real-time. Koji is a Visiting Professor at the Cyber Security Innovation Research Centre (CSI) at Aston University. The idea would see a platform that has the capability to distribute over 200 individual keys to each of the world’s eight billion people. Each key could be assigned to personal information such as vaccine passports. It will work by vaccine administrators sending the vaccination details of each individual to a dedicated server. That server will issue a QR code which will be passed to the vaccinated person as the digital key for access. The passport holder will keep the QR code which enables access to the server to check their own record at any time. The framework would segment private data in a separate database, which can only be accessed with the individual key along with fingerprint, face and voice recognition technology, making it extremely hard for cyber attackers and scammers to hack. Koji Fusa, a visiting professor at the CSI Centre, said: “The current EU Green Pass initiative and World Health Organisation's initiative have struggled to find the solution for private data protection and counterfeit prevention. This proposed system would solve these two challenges. We have a solution that is secure, something that others have failed to achieve so far. “By having a cloud security server which gives unique reference numbers to all devices, technology issues pointed out by The Royal Society* have been solved. “This will be a huge step forwards for digital identification globally. Not only for vaccine passports, but for people’s personal information too. The framework would make everyday life more secure and simpler. Professor Vladlena Benson, an industry-recognised expert in cybersecurity risk management and director of CSI Centre at Aston Business School, said: “I am delighted to be working on this project with Koji Fusa. With his experience, I’m confident this could become the first such system where the authenticity of the vaccine certification instantly can be checked globally, something that can’t be done currently. "This work is aligned to the trusted identities framework proposed by the UK Government and addresses the issues of data sovereignty and individual information privacy."
Free bioenergy tool launching at Aston University to accelerate bioenergy production in Global South
• Aston University team of bioenergy researchers set to launch free tool to calculate energy potential • The launch event on 1 July will allow participants to use the tool for themselves and is focused on bioenergy development in the Global South • The tool can calculate bioenergy output from waste materials including straw, nutshells and manure A simple tool which allows users to easily calculate how much bioenergy they can produce from biomass is being launched this week by researchers from the Energy and Biproducts Research Institute (EBRI) at Aston University. The easy-to-use tool, called the Bioenergy Mass-Energy Balance Model, allows the user to experiment virtually with different biomass materials in several industrial processes including cement production, tea production and food processing to understand the potential implementation. Developed with the focus on bioenergy development in the Global South, users can simply and easily calculate how much heat or electricity they can produce from the biomass. The EBRI team based at Aston University who developed the tool will be launching the model and summarising their methodologies at an online event on Thursday 1 July. Dr Katie Chong, lecturer in chemical engineering, who led the development team said they were looking forward to the launch. “This tool will be available to everyone for free and has been built in Excel to make it accessible for all. We wanted to keep it as simple as possible and we really think it will make a difference, particularly in Sub-Saharan Africa,” she said. Mirjam Röder, associate professorial research fellow at EBRI, added: “The launch event will be a chance for us to introduce the Mass-Energy Balance Model, summarise the methodologies and give participants the opportunity to use the model and generate their own results in our guided walk-through during the workshop.” The tool was developed as part of a larger two-year research programme by the team at Aston University who are a core member of the consortium implementing the Bioenergy for Sustainable local energy services and Energy Access in Africa (BSEAA). Aston University partnered with NIRAS-LTS, E4Tech and AIGUASOL. The project was funded by the UK Foreign, Commonwealth and Development Office (FCDO) as part of the Transforming Energy Access programme. To sign up for the free event which runs from 9.30am until 11.30am on Thursday 1 July, visit this link. For more details about the world-leading research taking place at EBRI, click here.
"Apocalypse" - A period of mass extinction threatens insects – and the world that depends on them
UConn entomologist and professor David Wagner says all kinds of insects are at risk for “a death by a thousand cuts" -- decline attributed to multiple factors, including the climate crisis, agricultural intensification, development, deforestation, and the introduction of exotic and invasive species into new environments. He discusses the threats to the world's insect populations in this compelling new video report from UConn Today: Wagner cautions that many of these creatures will not be with us for much longer, and says people must act swiftly to help prevent these tremendous losses before it is too late. Wagner remains hopeful, and says there are many actions that can be taken now — from encouraging political leaders to enact policy changes, to simply letting part of the front lawn grow freely to provide a food-rich environment for insects. “This planet isn’t here for us to exploit,” Wagner says. Dr. David Wagner is an expert in caterpillars, butterflies, moths, insect conservation, and global insect decline, and he’s available to speak with media. Simply click on his icon now to arrange an interview today.
