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Invitation to Vaisala’s Capital Markets Day 2024
Vaisala Corporation Press release September 2, 2024, at 1:00 p.m. (EEST)
Vaisala invites institutional investors and analysts to its Capital Markets Day on Monday, November 11, 2024, from 2:00 p.m. to 5.00 p.m. The event will take place at Studio Eliel in Sanomatalo, located at Töölönlahdenkatu 2, Helsinki. The event will also be broadcasted live.
At the event, Vaisala's executive management will present the company’s strategy, long-term financial targets, and other topical issues. The event will be held in English. Recordings and materials of all presentations will be available on Vaisala’s website after the event.
Participants can ask questions after each presentation and at the end of the event. We welcome questions both on location as well as through the live broadcast (in writing).
Those interested can also join a visit to Vaisala’s factory and the R&D center in Vantaa on the following day, Tuesday November 11, 2024, from 9:00 a.m. to 11:00 a.m. (address: Vanha Nurmijärventie 21, Vantaa).
To register for the event, please fill out the registration form by October 25, 2024. A detailed schedule will be sent to the registrants one week before the event. For more information about the event, please visit vaisala.com/investors.
Registration form
More information Paula Liimatta +358 9 8949 2020, [email protected]
Distribution Nasdaq Helsinki Key media vaisala.com
Vaisala is a global leader in measurement instruments and intelligence for climate action. We equip our customers with devices and data to improve resource efficiency, drive energy transition, and care for the safety and well-being of people and societies worldwide. With almost 90 years of innovation and expertise, we employ a team of over 2,300 experts committed to taking every measure for the planet. Vaisala series A shares are listed on the Nasdaq Helsinki stock exchange. vaisala.com
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Reporting By Francesco Canepa; editing by Balazs Koranyi
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Brazil's economy kept growing at a solid pace last quarter compared to the first three months of the year, supported by household expenditure, a Reuters poll predicted.
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Saint petersburg.
Probably made at Chisinau Court Workshop
Andrei Nikiforovich Voronikhin
Unknown Artist, Swiss, Austrian, or German, active Russia ca. 1703–4
Samuel Margas Jr.
Attributed to Georg Christoph Grooth
Niello scenes after a print entitled Naufrage (Shipwreck) by Jacques de Lajoüe , published in Paris 1736
Jean Antoine Houdon
Imperial Porcelain Manufactory, St. Petersburg
Zacharias Deichman the Elder
Jean-Baptiste Nini
Johan Henrik Blom
Jacques-Nicolas Roettiers
Possibly by Pierre-François-Mathis de Beaulieu (for Jean Georges)
Workshop of David Roentgen
Johann Friedrich Anthing
Attributed to Martin Carlin
Johan Adolph Grecke
Gardner Manufactory
Imperial Armory, Tula (south of Moscow), Russia
Nikolai Stepanovich Vereshchagin
James Tassie
Wolfram Koeppe Department of European Sculpture and Decorative Arts, The Metropolitan Museum of Art
October 2003
The Birth of Saint Petersburg Russia, or “Muscovy” as it was often called, had rarely been considered a part of Europe before the reign of Czar Peter I (Piotr Alexeievich), known as Peter the Great (r. 1682–1725). His supremacy marked the beginning of the country’s “Westernization,” whereby the political, economic, and cultural norms of the western European monarchies would become the basis for “civilizing” Russia. A radical transformation was needed to launch Russia into the modern world, a transformation later called the Petrine Revolution. The young czar, feeling oppressed by the medieval traditions and ecclesiastical patriarchy of seventeenth-century Moscow, wanted to Westernize Russia in a hurry, defying the sluggish pace of history.
Saint Petersburg was born on May 16, 1703 (May 5 by the old Julian Russian calendar). On that day, on a small island on the north bank of the Neva River, Peter cut two pieces of turf and placed them cross-wise. The setting was inauspicious. The area was a swamp that remained frozen from early November to March, with an annual average of 104 days of rain and 74 days of snow. The army, under the command of Alexander Menshikov ( 1996.7 ), had conquered the region shortly before. To show his gratitude, the czar later appointed Menshikov the first governor-general of Saint Petersburg. The fortification of the territory kept the Swedish enemy at bay and secured for Russia permanent access to the Baltic Sea. The partially ice-free harbor would be crucial to further economic development. All buildings on the site were erected on wooden poles driven into the marshy, unstable ground. Stones were a rare commodity in Russia, and about as valuable as precious metals.
The Dutch name “Piterburkh” (later changed to the German version, “Petersburg”) embodied the czar’s fascination with Holland and its small-scale urban architecture. He disliked patriarchal court ceremony and felt at ease in the bourgeois domestic life that he experienced during his travels throughout Europe on “the Great Embassy” (1697–98). However, the primary purpose of this voyage was to acquire firsthand knowledge of shipbuilding—his personal passion—and to learn about progressive techniques and Western ideas.
The victory over the Swedish army at Poltava in June 1709 elevated Russia to the rank of a European power, no longer to be ignored. Peter triumphed: “Now with God’s help the final stone in the foundation of Saint Petersburg has been laid.” By 1717, the city’s population of about 8,000 had tripled, and grew to around 40,000 by the time of Peter’s death in 1725. Saint Petersburg had become the commercial, industrial, administrative, and residential “metropolis” of Russia. By the 1790s, it had surpassed Moscow as the empire’s largest urban vicinity and was hailed as the “Venice of the North,” an allusion to the waterway system around the local “Grand Canal,” the Neva River.
Peter the Great’s Successors The short reign of Peter’s second wife, Empress Catherine I (r. 1725–27), who depended on her long-time favorite Menshikov, saw the reinstatement of the luxurious habits of the former imperial household. The archaic and ostentatious court display in the Byzantine tradition that Peter had so despised was now to be restored under the pretext of glorifying his legacy. Enormous sums of money were lavished on foreign luxury items, demonstrating the court’s new international status and its observance of western European manners ( 68.141.133 ).
During the reigns of Empress Anna Ioannovna (r. 1730–40), niece of Peter I ( 1982.60.330a,b ), and her successor Elizabeth (Elizaveta Petrovna, r. 1741–62; 1978.554.2 ), Peter’s daughter, Saint Petersburg was transformed into a Baroque extravaganza through the talents of architect Bartolomeo Francesco Rastrelli (1700–1771) and other Western and Russian artisans. Foreign powers began to recognize Russia’s importance and competed for closer diplomatic relations. Foreign immigrants increased much faster than the local population, as scholars, craftsmen, artisans, and specialists of all kinds flocked to the country, and especially to Saint Petersburg ( 65.47 ; 1982.60.172,.173 ; 1995.327 ).
Catherine the Great (r. 1762–96) In a coup d’état assisted by the five Orloff brothers ( 33.165.2a–c ; 48.187.386,.387 ), Catherine II overthrew her husband, the ill-fated Peter III (r. 1762) and became empress. Catherine saw herself as the political heir of Peter the Great. A German-born princess of Anhalt-Zerbst who, after her marriage, became more Russian than any native, Catherine aimed at completing Peter’s legacy ( 52.189.11 ; 48.73.1 ). Having lived in isolation in the shadow of Elizabeth I since her marriage to the grand duke in 1745, the time had come to satisfy her thirst for life and her insatiable quest for culture and international recognition. An admirer of the Enlightenment and devoted aficionada of Voltaire’s writings, Catherine stimulated his cult in Russia ( 1972.61 ). In response, the French philosopher dedicated a poem to the czarina; her reply, dated October 15, 1763, initiated a correspondence that influenced the empress on many matters until Voltaire’s death in 1778. The hothouse cultural climate of Saint Petersburg during Catherine’s reign can be compared to the artistic and intellectual ferment in New York City in the second half of the twentieth century.
Catherine’s desire to enhance her fame and her claim to the throne was immortalized by her own witty play on words in Latin: “Petro Primo / Catharina Secunda” (To Peter the First / from Catherine the Second). This she had inscribed on the vast lump of granite in the form of a wave supporting the Bronze Horseman on the banks of the Neva in front of Saint Isaac’s Cathedral in Saint Petersburg. This triple-lifesize equestrian figure of Peter the Great took the French sculptor Falconet twelve years to complete, until it was finally cast—after three attempts—in 1782.
Catherine had military expansion plans for Russia and a cultural vision for its capital Saint Petersburg. Above all, she knew how to attract devoted supporters. Only nine days after the overthrow of her husband, Catherine wrote to Denis Diderot, offering to print his famous Encyclopédie , which had been banned in France. Catherine recognized the power of art to demonstrate political and social maturity. She acquired entire collections of painting ( Watteau , for example), sculpture, and objects. The empress avoided anything that could be called mediocre or small. With the help of sophisticated advisors, such as Prince Dmitrii Golitsyn, her ambassador in Paris, Denis Diderot, Falconet, and the illustrious Baron Friedrich Melchior von Grimm, the empress assembled the core of today’s State Hermitage Museum. Catherine favored luxury goods from all over Europe ( 33.165.2a–c ; 48.187.386,.387 ; 17.190.1158 ). She commissioned Sèvres porcelain and Wedgwood pottery as well as hundreds of pieces of ingeniously conceived furniture from the German manufactory of David Roentgen in Neuwied ( 48.73.1 ). Furthermore, she encouraged and supported Russian enterprises and craftsmen, like local silversmiths ( 47.51.1–.5 ; 1981.367.1,.2 ) and the Imperial Porcelain Manufactory ( 1982.60.171 ; 1982.60.177,.178 ; 1982.60.175 ), as well as privately owned manufactories ( 1982.60.158 ). Catherine especially liked the sparkling decorative products of the Tula armory steel workshop ( 2002.115 ), genuine Russian art forms with a fairy-tale-like appearance, and in 1775 merged her large collection of Tula objects with the imperial crown jewels in a newly constructed gallery at the Winter Palace in Saint Petersburg.
Catherine’s son and successor Paul I (Pavel Petrovich, r. 1796–1801) disliked his mother and her aesthetic sensibility ( 1998.13.1,.2 ). As grand duke, he had spent most of his time with his second wife Maria Feodorovna ( 1999.525 ) outside of Saint Petersburg, in Gatchina Palace and Pavlovsk Palace. These they transformed into the finest Neoclassical architectural gems in Europe ( 1976.155.110 ; 2002.115 ).
Koeppe, Wolfram. “Saint Petersburg.” In Heilbrunn Timeline of Art History . New York: The Metropolitan Museum of Art, 2000–. http://www.metmuseum.org/toah/hd/stpt/hd_stpt.htm (October 2003)
Cracraft, James. The Petrine Revolution in Russian Imagery . Chicago: University of Chicago Press, 1997.
Koeppe, Wolfram, and Marina Nudel. "An Unsuspected Bust of Alexander Menshikov." Metropolitan Museum Journal 35 (2000), pp. 161–77.
Shvidkovsky, Dmitri, and Alexander Orloff. St. Petersburg: Architecture of the Tsars . New York: Abbeville, 1995.
Mutual funds.
Benchmark indices Nifty and Sensex remained in positive territory, ending at record highs on August 30. The Nifty 50 recorded gains for the twelfth consecutive session on August 30 th , marking its longest-ever rally. As markets opened in the green on Monday, September 2, they are expected to close on a positive note as well. This raises several critical questions: Where is the market headed from here? Which sectors are still offering good value, and which are overvalued? Which stocks and sectors are currently undervalued, and which ones promise robust growth moving forward? To get answer of these important questions, watch BTTV's special series, Market Guru with Gautam Trivedi, Co-Founder & Managing Partner of Nepean Capital.
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Guest Essay
By Edward L. Glaeser
Mr. Glaeser is a professor of economics at Harvard.
Vice President Kamala Harris correctly identified one of America’s biggest problems when she said that “there’s a serious housing shortage.” America’s affordable-housing crisis exacerbates wealth inequities, leads low-income parents to live in neighborhoods with less upward mobility and reduces our country’s capacity for economic growth, innovation and adaptation to regional shocks. Unfortunately, her proposed solutions seem too small and too poorly targeted to generate enough housing to make America’s most productive places more affordable.
Our next president could do much to unwind America’s housing shortage, which has its roots in regulations enacted by innumerable municipalities. But “not in my backyard” towns won’t start building out of the goodness of their hearts. To unleash enough new building to bring affordability, we need to dust off our history books and remember how this country raised the legal alcohol drinking age. The National Minimum Drinking Age Act of 1984 demanded states raise the minimum age to buy or publicly possess alcohol to 21 — or face a reduction in federal highway funds. The threat of losing such funds is a big stick.
It will take a forceful solution to address such a big problem. Nominal rents have risen by 6.5 percent a year since the start of the Biden administration and continue to surge even while overall inflation is dropping. The National Association of Realtors reports that the median sale price for an existing single-family home was $422,000 in the second quarter of 2024. One-half of renters spend more than 30 percent of their income on rent, and about one-fourth spend more than one-half of their income on housing. High prices and high interest rates make homeownership way out of reach for millions of people.
America wasn’t always like this. In the 1920s, New York City was affordable to its poorer residents because it permitted the construction of as many as 100,000 units a year. After World War II, builders like the Levitt brothers kept costs down by applying mass production techniques to new housing. But in those early days, builders had a distinct advantage: Existing residents didn’t control the permitting process, and zoning still accommodated growth. Fear of change, especially change to one’s neighborhood, is constant, but the ability of residents to block projects has since exploded.
And while the merits of any battle over a particular project are debatable, the overall cost to our country is beyond doubt. We are just not building enough homes, especially in the coastal markets where there is the most demand. Per capita, there was less than half as much permitting in 2023 as in 2003 or 1973.
What’s newer, and worse, is that even those places in the country that historically built a lot of housing and thus offered less expensive alternatives — such as Austin, Texas, and Raleigh, N.C. — have also experienced big price increases, possibly because of less building in their most desirable neighborhoods. Hopefully, this is a blip and does not portend the spread of NIMBYism to these onetime growth machines.
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