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Economy

Strategic Partnership between T2S Group and GE Healthcare to Democratize High Medical Technology in Sub-Saharan Africa

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-06-29 19:26:20

T2S and General Electric Healthcare have sealed a strategic partnership, consolidating their collaboration launched more than 3 decades ago and allowing the Moroccan group to become the exclusive representative of “GE Healthcare” on the entire sub-Saharan African market, for the distribution of their health solutions and the continuous training of African executives and technicians.

Indeed, T2S Group and GE Healthcare are committed to the benefit of the democratization of high medical technology in sub-Saharan Africa and the facilitation of access to the latest generation equipment, allowing faster and more precise diagnoses, and care. more efficient, says a statement from T2S.

“We are delighted to sign this lasting partnership with T2S Group, with whom we have been collaborating for more than 35 years. Today, we entrust them with the mission of extending the coverage and accessibility of our solutions in French-speaking Africa”, said said GE Healthcare Europe, Middle East and Africa region CEO Rob Walton, quoted in the statement.

“We chose T2S because, in addition to being one of our oldest partners, they have the technical and medical capabilities to serve all users of GE Healthcare solutions and to provide an efficient following-sales service” , he continued.

As a pioneer of high-tech health in Morocco, reports MAP, T2S Group has set itself the task of accelerating the introduction of high medical technologies in sub-Saharan Africa, while promoting the sharing of experience and expertise. in the health sector with the regional partners of the group, underlines the press release.

In this sense, the founder and CEO of T2S Group, Abderraouf Sordo, indicated that “the support of GE Healthcare for more than three decades has propelled us to the rank of leader of the Moroccan market in the distribution and maintenance of medical equipment. technology, with recognized expertise in the field”.

He also said that “today we are consolidating this partnership in favor of sub-Saharan Africa, adding that “our priority to carry out this new mission is to train users in new techniques”.
And to note that doctors on the continent will thus be able to benefit from this training, here in Morocco, and have access to the latest diagnostic and treatment techniques.

These state-of-the-art training courses will take place at the Private Higher Institute for Paramedical Studies (ISPEP), the statement said, noting that General Electric has equipped a training room with clinical equipment and software (CT & MRI) and in functional imaging (nuclear and molecular medicine), for a total cost of one million dirhams.

It should be noted that T2S Group is represented in 15 countries in Africa in addition to Mauritania and Morocco.

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#T2S #Group #Healthcare #consolidate #partnership

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Economy

Market Review: Mixed Performance in NYSE & TSX Driven by US Economy and Monetary Tightening

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-06-29 20:48:45

(Photo: Getty Images)

MARKET REVIEW. The New York Stock Exchange ended on a mixed note Thursday, the good performance of the US economy outweighing the prospect of continued monetary tightening, which sent bond yields soaring.

The Toronto Stock Exchange closed with a gain of nearly 100 points on Thursday, fueled by stocks in the energy and financial sectors, while the major US indices closed in mixed order.

To (re)consult market news

Stock market indices at closing

In Toronto, the S&P/TSX gained 94.32 points (+0.48%) to 19,913.17 points.

In New York, the S&P 500 rose 19.58 points (+0.45%) to 4,396.44 points.

The Nasdaq fell 21.75 points (-0.14%) to 15,108.25 points.

The DOW took 269.76 points (+0.80%) to 34,122.42 points.

The loon rose US$0.0002 (+0.0265%) to US$0.7543.

The oil gained US$0.22 (+0.32%) to US$69.78

L’or fell US$6.00 (-0.31%) to US$1,916.20

The bitcoin advanced US$318.03 (+1.06%) to US$30,417.26.

The context

The session had started in the red following the publication of several indicators stronger than expected.

US gross domestic product (GDP) was revised up to 2.0% for the first quarter year-on-year from 1.3% initially reported, while weekly new jobless claims posted their biggest drop in a year. week since 2021.

This data “reinforces the likelihood that the US central bank (Fed) will remain considerably more aggressive than investors anticipate,” commented Jose Torres of Interactive Brokers.

Traders now assign a probability of more than 40% to the hypothesis of two more rate hikes from the Fed by November.

The bond market was shaken by these indicators. The yield on 2-year US government bonds rose to 4.89%, the highest in nearly four months.

This brutal tension penalized stocks in the technology sector, whose strong growth depends on financing conditions.

Amazon (NVDA, -0,88%), Nvidia (NVDA, -0.72%) et Meta (META, -1.32%) all took a step back.

However, the equity market as a whole ended up recovering.

It owes it in large part to the banking sector, supported by the publication, by the American central bank (Fed), of the results of annual resistance tests (stress tests), better than last year for all of the 23 main American banks. .

Goldman Sachs (GS, +3,01%), Wells Fargo (WFC, +4,51%) or JPMorgan Chase (JPM, +3,49%) have all been sought.

In their wake, regional or medium-sized banks also rose, like the sign of the Californian PacWest (PACW, +3,31%) or Texas Comerica (CMA, +1,76%).

“It’s encouraging to see that even with (the jump in rates), the market is not retreating,” observed Tom Cahill of Ventura Wealth Management, for whom “investors are starting to get used to the idea that a soft landing of the economy is possible.”

In addition to the banks, certain values ​​neglected in recent weeks have paraded, such as Caterpillar (CAT, +0,98%), Boeing (BA, +0.53%) or Dow (DOW, +0,53%).

“We have a small rotation of growth stocks towards the industrial or banking sectors and others whose valuations are reasonable,” said Tom Cahill.

The Space Tourism Society Virgin Galactic (SPCE) was subject to profit taking (SPCE, -10.76%) following its first successful commercial flight on Thursday, with the Italian Air Force as its client, a decisive step for the group founded nearly twenty years ago.

The ghost BlackBerry (BB) advanced (BB, +6,99%)following having doubled its revenues over one year thanks to a strategic repositioning which moved the group from smartphones to cybersecurity software in particular.

The electric car sector remained well oriented, following the filing for bankruptcy of the American manufacturer Lordstown on Tuesday, which benefits its competitors, whether Tesla (TSLA, +0,49%), Rivian (RIVN, +9,36%) or Lucid (LCID, +7.17%).

United Airlines (UAL) made a forced landing (UAL, -4,58%)forced by the cancellation of hundreds of flights for several days, which the airline attributed to staffing problems and a lack of air traffic controllers.

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#Stock #market #Wall #Street #ends #dispersed #order #resists #rise #rates

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Economy

He makes billions annually.. Learn about the story of the invention of the “egg carton” and why its owner remained poor?

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-06-29 15:56:34

Al-Marsad Newspaper: The BBC revealed the story of the invention of the egg carton, in which trade generates $8 billion annually, following it became the primary method for preserving eggs in food stores.

The newspaper pointed out that the inventor of the idea more than a century ago is a Canadian newspaper owner named Joseph Cowell, who began thinking regarding the issue following he heard a heated discussion between a hotel owner and a farmer, due to the latter’s delivery of a shipment of eggs, half of which was broken inside the basket.

And manufactured “Quil”, an egg carton made of cardboard using newspaper pages, where he decided in 1919, to sell the newspaper he owned, and travel around North America, to sell and promote his invention, but he did not become rich thanks to this invention because he was not managing his business wisely.

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#billions #annually. #Learn #story #invention #egg #carton #owner #remained #poor

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Economy

Hiring intentions of SMEs are down in Canada

by Alexandra Hartman Editor-in-Chief
written by Alexandra Hartman Editor-in-Chief

2023-06-30 03:26:09

Hiring plans for Canadian contractors are down, pointing to a possible economic downturn, according to a survey by the Canadian Federation of Independent Business (CFIB). However, the trend is less pronounced in Quebec, where the labor shortage is greater.

Only 18% of respondents plan to hire staff in the next three to four months. This compares to 22% in May 2023. “Summer is generally a time when hiring is more important in seasonal sectors”, underlines in an interview the director of the economy at the CFIB, Andreea Bourgeois. “Summer is a busy season for hospital services or recreation. »

Demand for workers is more resilient in Quebec, where 26% of respondents say they will hire. Moreover, 54% of Quebec entrepreneurs still believe that the lack of qualified workers limits their sales. The proportion is 48% for the search for unskilled workers. “The situation is increasingly difficult, both for the recruitment of personnel and for the profit margin,” comments a Quebec retailer quoted in the report.

Quebec is much more affected by the shortage of skilled and unskilled labour, agrees Ms. Bourgeois. “There has been a small improvement [du côté de la disponibilité de main-d’oeuvre], but the situation was so much worse in Quebec that we would have to see figures much lower than that to speak of an improvement. »

Some 45% of Canadian SME owners believe that the lack of skilled workers is a barrier to their success. This is the lowest rate observed for two years.

In June, the confidence index of SME owners in Quebec stood at 51.2 points over a 12-month horizon. An index above 50 indicates that there are more entrepreneurs who say that their business is benefiting from a favorable trend than those who say they are in an unfavorable situation.

On the other hand, the Confidence Index tends to be above 60 points when the economy is at its full potential, specifies Ms. Bourgeois. “A threshold of 51.2 points is very low. »

When questioned regarding their current situation, 50% of entrepreneurs in Quebec believe that their situation is good, compared to 12% who describe it as bad. “It’s very difficult to keep prices competitive with all the price increases and the cost of transportation. In addition, to protect yourself from cyberattacks, you have to spend crazy prices on computers, ”comments a Quebec wholesaler quoted in the report.

To see in video

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#Hiring #intentions #SMEs #Canada

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