Latest news with #EBS
Korea Herald
a day ago
- Business
- Korea Herald
EBS documentary events scheduled for late summer
Public broadcaster to hold K-Docs Festival and EIDF 2025 in August South Korea's public broadcaster EBS on Tuesday announced the return of its annual documentary-centered events that are open to the public. K-Docs Festival, which seeks to champion emerging Korean documentary filmmakers and introduce new local titles to a wider audience, is set to run from Aug. 20 to Aug. 22. Now in its fourth year, the event has adopted the title 'festival' for the first time, signaling a broader push to engage industry professionals and everyday viewers alike. 'This is our third year running the event. For Korean independent documentaries these days, it typically takes over three years on average to complete production and secure a theatrical release,' Hyung Gun, director of K-Docs, said during Tuesday's press conference. With some of the K-Docs award-winning projects now completed and being released, the festival is holding screenings so that the films can reach audiences, he explained. This year's edition will be anchored by core programs centering around the documentary screenings and domestic investor pitch sessions. Three selected K-Docs projects — "On the Wings of a Butterfly," "Horoomon" and "Whales And" — will be screened at venues in Myeong-dong, central Seoul, during the three-day festival. "On the Wings of a Butterfly" and "Horoomon" will be screened with English subtitles, but no subtitles will be available for "Whales And." Each film screening will be followed by a 40-minute Q&A session with the filmmakers and audience. Running in tandem is the domestic investor presentation, also held across Seoul. The pitch session retains its four established categories — K-Pitch Prime, K-Pitch Fresh, EBS Commissioning Pitch and Hi-Docs Pitch — with a combined support pool of 770 million won ($553,000). A total of 27 selected projects will receive production funding and prize money. Standout projects will also be given a shot at international exposure, with overseas pitching opportunities slated for November at the International Documentary Film Festival Amsterdam, the world's largest nonfiction film fest. During the same press conference, EBS also unveiled details of the 22nd EBS International Documentary Festival, South Korea's longest-running documentary showcase. This year's edition will run Aug. 25 to Aug. 31 across venues in Goyang, Gyeonggi Province, and Seoul, featuring 62 documentaries from 35 countries. At the event, Kim Kwang-ho, executive committee chair of EIDF, outlined the overarching vision for this year's event. 'We curated the program with more experimental and multi-layered works, reflecting on how documentaries can capture the spirit of the times and offer new perspectives on society.' This year's lineup is organized by production region — Global, Asia and Korea — rather than by subject, a move designed to highlight the diversity and evolution of documentary filmmaking worldwide. According to EBS, EIDF 2025 is anchored in the central theme of 'Expanding the Boundaries of Documentary.' The broadcaster stressed the festival's newly launched category for documentaries titled 'Creative Documentary," which will spotlight innovative hybrid works that blend documentary with AI, animation and musicals. Ten documentaries from the official selection will be judged during the festival, with the top prize carrying a 10 million won cash award.
Yomiuri Shimbun
2 days ago
- Business
- Yomiuri Shimbun
Euro Rises after US, EU Agree to Tariff Deal
TOKYO, July 28 (Reuters) – The euro gained on Monday following the announcement of a framework trade agreement between the United States and the European Union, the latest in a flurry of deals to avert a global trade war. Meeting in Scotland on Sunday, U.S. President Donald Trump and European Commission President Ursula von der Leyen announced the deal, which will result in a 15% tariff on EU goods, half what Trump had threatened to impose from August 1. Senior U.S. and Chinese negotiators are due to meet in Stockholm on Monday with an aim to extend a trade truce and prevent steep tariff hikes. Meanwhile, investor attention is shifting towards corporate earnings and central bank meetings in the U.S. and Japan. 'It could be a positive week, just purely from the fact that now we know the rules of the game, if you like,' said Rodrigo Catril, senior currency strategist at National Australia Bank. 'Now that there is more clarity, you would think that not only in the U.S., but around the globe, there will be a little bit more willingness to look at investment, to look at expansions, and to look at where the opportunities are,' he said on a NAB podcast. The euro stood at $1.1763 EUR=, up 0.2% so far in Asia. The common currency rose 0.2% to 173.78 yen EURJPY=EBS. Trump said the EU plans to invest some $600 billion in the U.S. and dramatically increase its purchases of American energy and military equipment. The pact is similar to one forged with Tokyo negotiators last week that will see Japan investing some $550 billion in the U.S. and a 15% tariff imposed on its cars and other imports. The baseline 15% tariff will still be seen by many in Europe as too high, compared with Europe's initial hopes to secure a zero-for-zero tariff deal. China is facing an August 12 deadline to reach a durable trade pact with the U.S. No breakthrough is expected in the U.S. and China talks in Stockholm, but analysts said another 90-day extension of a trade truce struck in mid-May was likely. The U.S. dollar advanced on Friday, bolstered by solid economic data that suggested the Federal Reserve could take its time in resuming interest rate cuts. Both the Fed and the Bank of Japan are expected to hold rates steady at this week's policy meetings, but traders are focusing on the subsequent comments to gauge the timing of the next moves. The dollar was little changed at 147.68 yen JPY=. The dollar index =USD, which tracks the greenback against major peers, fell 0.1% to 97.534. Sterling traded at $1.34385 GBP=D3, down almost 0.1%. The Australian dollar fetched $0.6576 AUD=D3, up 0.2%, while New Zealand's kiwi dollar was flat at $0.6019 NZD=D3.
Irish Independent
6 days ago
- Business
- Irish Independent
Donald Trump's tariff threat means mortgage holders must wait for a further ECB cut in interest rates
However, there is a chance of a ninth cut in September, observers have said. Two mortgage lenders that are part of AIB said they were cutting their rates and committed to continue offering cash back on certain home-loan products. EBS and Haven, the broker-focused units of AIB, are reducing mortgage rates by up to 0.5 percentage points on some products. The cuts are for non-green mortgages and apply to new and existing customers coming off fixed rates or moving from a variable rate. Haven and EBS are reducing all other non-green fixed rates by 0.2 percentage points Broker Michael Dowling questioned why EBS and Haven's green rates were not coming down. The 0.5-point reductions are for the EBS two-year fixed-rate product and the Haven three-year fixed-rate product. Haven and EBS are also reducing all other non-green fixed rates by 0.2 percentage points. The new rates are available to new and existing customers from this week. Customers switching their mortgage to EBS and Haven who meet the criteria will also benefit from the extension of the Cashback and Switcher offers to the end of December next year on certain products. Mr Dowling, of Irish Mortgage Brokers, said AIB announced significant reductions last October to its green rates, making them the cheapest in the market. However, they did not apply to EBS or Haven customers, despite both banks being 100pc owned by AIB. Mr Dowling said the 0.5 percentage points reduction would apply to the two-year fixed option with EBS and the three-year fixed option with Haven. 'The other non-green rates for AIB, EBS and Haven remain expensive compared to what competitors are offering,' he said. 'Extraordinarily, nine months later, there are no rate reductions to the green rates from EBS and Haven.' Mr Dowling questioned why AIB 'discriminates' in the rate offering from the three entities in the group. Today's meeting of the ECB governing council is expected to pause rate reductions following eight previous cuts since June last year up to last month. Policymakers will have their eyes on tariff threats from US president Donald Trump and the continuing global political turmoil. Up to now there have been eight quarter-point cuts that have brought the refinancing rate, off of which tracker mortgages are priced, to 2.15pc. One further rate cut later in the year is still on the cards, probably in September ECB president Christine Lagarde said last month that the cutting cycle was nearing its end. Mr Dowling said he expected the ECB to leave interest rates on hold. 'There is too much uncertainty in the market, and I expect the ECB to review rates at their meeting on September 11,' he added. Daragh Cassidy, of price comparison site said that after seven consecutive rate cuts, and eight in total since last June, it was almost a given that the ECB would keep rates on hold at today's meeting. He said eurozone inflation was now pretty much on target at 2pc. 'However, one further rate cut later in the year is still on the cards, probably in September,' he added.
Business Wire
7 days ago
- Business
- Business Wire
MelroseINC Unveils AWS Cloud Storage Performance Results for Video Editing Workflows
LOS ANGELES--(BUSINESS WIRE)-- MelroseINC, a Los Angeles-based leader in media technology solutions, announced the results of a groundbreaking cloud storage proof of concept (POC) designed to test real-world performance of cloud systems in high-demand TV and film post-production workflows. The initiative, driven by the company's MelrosePMC and MelroseTEC divisions, explored advanced cloud storage configurations within a DaVinci Resolve color correction, editing, and finishing environment. Unlike traditional tests conducted by vendors or end users, this proof of concept was independently conducted by the MelroseTEC team along with a group of software engineers with deep expertise in deploying AWS environments for industry clients globally. This team—cloud-native integrators with limited reliance on hardware—represent the future of infrastructure design in media technology. The Bottom Line: For post-production tasks like rendering and encoding, Avid NEXIS Cloud Storage in AWS delivers best-in-class performance and automation when measured against two leading competitors — cutting job time by anywhere between 40 seconds to 15 minutes. The Proof of Concept evaluated three key systems: Avid NEXIS Cloud Storage in AWS – A high-performance, hybrid architecture utilizing fast EBS storage Competitor #1 – Direct access to S3-compatible cloud object storage Competitor #2 – A file streaming solution using smart cache and S3 storage Key Finding: Rendering and Proxy File Creation: Avid NEXIS Cloud Storage in AWS emerged as the top performer, completing proxy generation 47% faster than Competitor #1 and 28% faster than Competitor #2 MelroseINC's proof of concept signals a major industry shift. 'We're delivering total workflow solutions,' said Zeke Margolis, VP of Cloud Solutions at MelrosePMC. 'From traditional on-premise setups to flexible, hybrid architectures with workflows that blend on-premise systems, private media centers, and public cloud platforms, we're enabling companies to move beyond their existing hardware into PMC environments to stay agile, cost-effective, and competitive in a rapidly evolving media landscape.' Working with Avid NEXIS Cloud Storage in AWS is quickly becoming an integral part of a production ecosystem that supports fast rendering, collaborative editing, and global remote access. 'As the industry pivots to flexible hybrid and cloud-native workflows, the ' Avid NEXIS Cloud Storage in AWS ' test underscores how essential it is to match infrastructure to evolving creative demands,' said Richard Duke, Chief Cloud Solutions Architect at Avid. 'Working with partners like MelroseINC allows us to substantiate these solutions in real time and continue pioneering what's possible for modern post-production teams.' With this proof of concept, MelroseINC —through its PMC and TEC teams—reinforces its leadership in building advanced, scalable, and hybrid infrastructure to provide clients with a flexible roadmap to build their own production ecosystems—whether hybrid, fully remote, or cloud-native. About MelroseINC Launched in 2003, MelroseINC is a technology solutions provider based in Los Angeles, CA, delivering integrated systems, cloud workflows, and managed services to clients across media, entertainment, enterprise and government sectors. Its MelrosePMC and MelroseTEC divisions specialize in workflow design, system integration, and cloud infrastructure for creative and technical professionals.
RTÉ News
7 days ago
- Business
- RTÉ News
EBS and Haven cut some mortgage rates, extend cash back offer
AIB units EBS and Haven are cutting the interest rates on non-green mortgages by up to 0.50% for new and existing customers from tomorrow. The 0.50% reductions will impact the EBS 2-year fixed rate product and the Haven 3-year fixed rate product. Both Haven and EBS said they are also cutting all other non-green fixed rates by 0.20%. The reduced rates will be available to both new and existing customers. AIB said the latest reductions are in line with the falling interest rate environment and the bank's commitment to delivering value for customers, particularly those whose homes do not have a Building Energy Rating of B3 or higher. The reductions will also help customers coming to the end of their fixed term, as they roll off historically lower rates into an environment where rates are now higher, the bank added. Meanwhile customers who are switching their mortgage to EBS and Haven and meet the criteria will also benefit from the extension of the lenders' cashback and switcher offers to the end of December 2026. EBS said a monthly repayment on a new €300,000 two-year fixed rate mortgage, over a 25 year term will be €1,566.99. The previous monthly repayment would have been €1,650.52, representing a saving of €83.53 a month, €1,002.36 a year, or €3,506.85 over the 25 year term. Haven said a monthly repayment on a new €300,000 three year non-green fixed rate mortgage over a 25-year term will be €1,542.39. The previous monthly repayment would have been €1,625.21, representing a saving of €82.82 a month, €993.84 annually, or €5,187.78 over the 25-year term. Managing Director of EBS and Haven Director Paul Butler said that AIB Group, through AIB, EBS and Haven, believes it is critical the lenders offer a wide variety of choice, value and convenience for customers seeking to buy their home, or switch their mortgage. "The reductions of up to 0.50% will help customers save on their monthly will also be able to avail of our Cashback and Switcher offers," he added.
