Atlantic Leaf Properties Limited (ALPL.mu) listed on the Stock Exchange of Mauritius under the Property sector has released it’s 2016 interim results for the third quarter.For more information about Atlantic Leaf Properties Limited (ALPL.mu) reports, abridged reports, interim earnings results and earnings presentations, visit the Atlantic Leaf Properties Limited (ALPL.mu) company page on AfricanFinancials.Document: Atlantic Leaf Properties Limited (ALPL.mu) 2016 interim results for the third quarter.Company ProfileAtlantic Leaf Properties Limited is a real estate company incorporated in Mauritius. The company is the first pound dominated Global Business Licence company to be listed on the Stock Exchange of Mauritius. Atlantic Leaf Properties Limited invests in high quality, investment grade real estate assets and companies which deliver solid returns for investors through both income and quality growth. Atlantic Leaf Properties Limited is listed on the Mauritius Stock Exchange as well as the Johannesburg Stock Exchange.
Afromedia Plc (AFROME.ng) listed on the Nigerian Stock Exchange under the Printing & Publishing sector has released it’s 2018 interim results for the third quarter.For more information about Afromedia Plc (AFROME.ng) reports, abridged reports, interim earnings results and earnings presentations, visit the Afromedia Plc (AFROME.ng) company page on AfricanFinancials.Document: Afromedia Plc (AFROME.ng) 2018 interim results for the third quarter.Company ProfileAfromedia Plc is a leading media solutions provider in Nigeria which primarily produces out-of-home media platforms for airport and roadside advertising. The company started in 1959 as a small service arm of West Africa Publicity (WAP) which was incorporated in 1928 as part of the parent company, United Africa Company Plc (UACL). At the time, two companies were set up; Afromedia Nigeria Plc, to handle outdoor advertising services; and Lintas Plc to handle agency work. Both companies were run as independent members of the UACL Group. Afromedia Nigeria Plc was acquired by its Nigerian management team and became Afromedia Plc in 1972. Airport structures produced by Afromedia include backlit boxes, electroluminescent structures, ultra-waves, drop-down banners and wall drapes. Roadside structures produced by Afromedia include lamp post banners, LED lamp post banners, IAT uni-poles (illuminate advertising tower) and Super 48 sheet structure light boxes. Afromedia Plc’s head office is in Ikeja, Nigeria. Afromedia Plc is listed on the Nigerian Stock Exchange
I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. Simply click below to discover how you can take advantage of this. Here’s my 7-point checklist to be ready for another stock market crash Image source: Getty Images Our 6 ‘Best Buys Now’ Shares Enter Your Email Address Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Jonathan Smith and The Motley Fool UK have no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. See all posts by Jonathan Smith If there was any chance of falling into complacency regarding stock market movements recently, last Thursday shook that completely. Major global stock markets plunged between 3% and 7% on the day, with the FTSE 100 index not immune. The rising calls of another stock market crash have gathered pace in recent weeks. The disconnect between the stock market and the real world is being flagged as worrying by some leading investors.So as an investor, what should I do? The crash appears to be coming, but at the same time it hasn’t arrived yet. In a similar way to protecting a house with a looming storm on the horizon, preparation is key!5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…The checklistCheck what liquidity you have. You don’t want to get into a situation where there’s some great oversold stocks to buy, only to find out you’ve no money to buy them with. Or you may have funds, but not in a liquid form. To avoid missing the boat on another stock market crash, check where/what funds you have available now.Review the cash returns. For funds that you currently have sitting in cash, check what return you’re getting. Even within a Cash ISA, it’s likely to be low. So if an opportunity arises, you know which money can be used to invest as it’s currently not making you much. It’s a low opportunity cost.Make a list of stocks you like. The first stock market crash this year saw markets bouncing back fairly quickly from the lows in the middle of March. You won’t be able to time it perfectly, but at least take some of the time out of analysing the stock you want to buy before any crash happens. This’ll allow you to move quicker when needed.Do some charting. Look at the FTSE 100 index over several years. At what level would you be happy to buy for the long term? 6,000? 5,500? Making a call now is much easier than trying to pick an entry level in the heat of the moment.Check dividend payouts. If you’re looking to invest for income, check now on the status of any potential dividend payments from Q1 trading updates. You don’t want to end up buying into a firm, only to later realise it had cut the dividend already.Flag your ‘at risk’ stocks. You’ll likely have some volatile stocks that will be exposed to a second market drop. Make sure you’ve a close eye on these.Work out your strategy. History tends to show that averaging-in your purchases of stocks over different days/weeks is better than buying all in one go. But you’ll also need to think about not trying to average-in over a long time (like once a quarter) as you may miss out on the opportunity all together.Stock market crash-readyIf you fail to prepare, then prepare to fail! In the above case, not preparing will mean you miss out on potential profits from a second market crash. We may not have a second crash, but at least by preparing now you can be in the best position to make a move if we do see it, or even if stock prices simply continue to be volatile. “This Stock Could Be Like Buying Amazon in 1997” Jonathan Smith | Monday, 15th June, 2020
I would like to receive emails from you about product information and offers from The Fool and its business partners. Each of these emails will provide a link to unsubscribe from future emails. More information about how The Fool collects, stores, and handles personal data is available in its Privacy Statement. Nadia Yaqub | Wednesday, 30th December, 2020 Simply click below to discover how you can take advantage of this. Even experienced investors can still learn investment lessons and that’s been especially true this year. The coronavirus pandemic was a black swan event that no-one saw coming. The stock market doesn’t like uncertainty and so it’s no surprise that investors saw the FTSE 100 index fall below 5,000 earlier this year.Did I panic? Not really. During these unprecedented times, I’ve learned my investment lessons and always stuck with a few disciplines. I applied these five lessons throughout 2020 and will continue using them in 2021. Let’s look at these in detail.5G is here – and shares of this ‘sleeping giant’ could be a great way for you to potentially profit!According to one leading industry firm, the 5G boom could create a global industry worth US$12.3 TRILLION out of thin air…And if you click here we’ll show you something that could be key to unlocking 5G’s full potential…#1 – Keep calm and carry onI must confess that when the unexpected event — Covid-19 — struck, I considered liquidating my portfolio… for a brief moment. But I had to restrain myself. In such times, I’ve learnt that holding your nerve and staying invested is better in the long run.The falls in an investment portfolio are only paper losses and history shows that the stock market will always bounce back. I expect 2021 to be full of uncertainty and so I’ll keep calm and carry on.#2 – Regular investingNot even the great investor Warren Buffett can time markets. For this reason, I invest regularly to smooth out market volatility. Each month I set aside some money and buy a portion of my chosen investments. This may be shares, investment trusts or funds.Regular investing means that sometimes I buy my preferred shares at a high price and other times at a low one. This kind of investment approach is referred to as ‘pound-cost averaging’. This strategy has helped me reduce the Covid-19 market volatility in my portfolio and I’ll continue to use it in 2021.#3 – DiversificationDon’t put all your eggs in one basket. I’m sure we’ve all heard this statement before.I’ve used diversification as an investment discipline, especially during the coronavirus pandemic. You can spread your risk by purchasing different investment vehicles including stocks, passive funds, active funds and investment trusts.I also diversify my portfolio by investing across various asset classes, sectors and regions. This year the strong demand for remote working saw technology companies perform well. The US stock market also delivered stellar gains.Diversification reduces the investment risk and market volatility in a portfolio. I’ll continue to stand by this investment discipline in 2021.#4 – The long gameInvesting is a long game and history has shown that the stock market rises over time, despite falling this year. I can’t time markets and high-profile investors including Nick Train also avoid trying to do this. Those who stick with investing over the long term should be successful.I also remember the investment maxim that “it’s the time in the market not timing the market”. By investing over a long period, I can ride out peaks and troughs and not be forced to make any irrational decisions.#5 – Don’t be afraidUnexpected events such as the pandemic create opportunities for investors. The stock market carries a level of risk, but it allows me to buy some great companies at bargain prices. Picking the ‘perfect’ investment is an imperfect strategy. The stock market will reward investors, like me, who are willing to learn investment lessons, to be brave and to take on some risk. I expect coronavirus uncertainty to persist in 2021 and so will seize the investment opportunities presented to me next year. See all posts by Nadia Yaqub I’m sure you’ll agree that’s quite the statement from Motley Fool Co-Founder Tom Gardner.But since our US analyst team first recommended shares in this unique tech stock back in 2016, the value has soared.What’s more, we firmly believe there’s still plenty of upside in its future. In fact, even throughout the current coronavirus crisis, its performance has been beating Wall St expectations.And right now, we’re giving you a chance to discover exactly what has got our analysts all fired up about this niche industry phenomenon, in our FREE special report, A Top US Share From The Motley Fool. “This Stock Could Be Like Buying Amazon in 1997” Renowned stock-picker Mark Rogers and his analyst team at The Motley Fool UK have named 6 shares that they believe UK investors should consider buying NOW.So if you’re looking for more stock ideas to try and best position your portfolio today, then it might be a good day for you. Because we’re offering a full 33% off your first year of membership to our flagship share-tipping service, backed by our ‘no quibbles’ 30-day subscription fee refund guarantee. 5 investment lessons I will apply in 2021 Click here to claim your copy now — and we’ll tell you the name of this Top US Share… free of charge! Image source: Getty Images Enter Your Email Address Nadia Yaqub has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. Our 6 ‘Best Buys Now’ Shares
ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/234847/s-roque-house-i-bruno-armando-gomes-marques Clipboard “COPY” Houses S. Roque House I / URBANCORE Architects: URBANCORE Area Area of this architecture project Photographs: Miguel CoelhoText description provided by the architects. This house is located in Oliveira de Azeméis, specifically in São Roque. The housing lies between two roads, one to the south and the other to the north, which delimit the allotment and have imposed its location at halfway distance.The house consists of two volumes with distinct programs, and a total area of 600m2. In the volume at level 0, more regular and acting as the base, develops the more social area with the following program: entrance hall, living and dining room, kitchen, service toilet and office with wc. Upstairs, develops a more private area with the bedrooms. Each bedroom and wc defines the wedge shape of both volumes with different outlooks from each room, in a clearly distinct strategy from the volume at level 0.Save this picture!© Miguel CoelhoAt level -1 are the laundry, storage room and garage. The height difference between the two roads confronting the land allows only two levels for the house, on the south side, while on the north side we added a third level for the garages, with a porch under a green cover. Thus, the program was complete and a solution has been found for mitigating the impact that three floors could impose on the surroundings.Save this picture!© Miguel CoelhoThe volume of the living area (living rooms, kitchen and office) has a strict format, gray colored on a green platform, contrasting with the more intimate volume (bedrooms), with a dynamic shape and three wedges white colored, partially overlapping.Save this picture!The volume of the garages and porch is partially beneath the house and a green cover, trying to dilute the impact of its size while completing the functional program of the housing.Project gallerySee allShow lessTucker Design Award 2012 / Gustafson Guthrie Nichol + Crosby Schlessinger SmallridgeArticlesAD Round Up: Health Architecture Part IXArticles Share Area: 300 m² Year Completion year of this architecture project Photographs S. Roque House I / URBANCORESave this projectSaveS. Roque House I / URBANCORE Portugal Projects CopyHouses•Oliveira de Azeméis, Portugal Save this picture!© Miguel Coelho+ 33 Share ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/234847/s-roque-house-i-bruno-armando-gomes-marques Clipboard “COPY” ArchDaily 2011 Year: CopyAbout this officeURBANCOREOfficeFollowProductsGlassConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesOliveira de AzemeisHousesOliveira de AzeméisPortugalPublished on May 16, 2012Cite: “S. Roque House I / URBANCORE” 16 May 2012. ArchDaily. Accessed 11 Jun 2021.
2020 ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/954001/house-in-santarem-dp-arquitectos Clipboard House in Santarém / dp Arquitectos “COPY” Diamantino Pinho “COPY” Save this picture!© Ivo Tavares Studio+ 33Curated by Matheus Pereira Share Portugal Projects Country:PortugalMore SpecsLess SpecsSave this picture!© Ivo Tavares StudioRecommended ProductsMetallicsStudcoWall Stop Ends – EzyCapResidential ApplicationsULMA Architectural SolutionsAir Facade Panels in Fonsanta RestaurationWindowsKalwall®Facades – Window ReplacementsWoodAccoyaAccoya® Cladding, Siding & FacadesText description provided by the architects. The house is located on the perimeter of an allotment, overlooking the countryside. It is organized with service area on the North side, social area in the center, and a bedroom area on the other end, all facing the generous patio with swimming pool.Save this picture!© Ivo Tavares StudioSave this picture!PlanSave this picture!© Ivo Tavares StudioPrivacy is one of the worked topics, in the demanding task of harmonizing the built in theterritory. The volumes and elevations are organized as a visual reference on the main road axis of the allotment. Contrary to the thankless strategy of the other lots, the pre-existing trees are defended, with their valuable shade under the intense heat of the Ribatejo.Save this picture!© Ivo Tavares StudioSave this picture!© Ivo Tavares StudioComfort and simplicity of living are desired, without hurting the will of the design. The search for simplicity is a complex process.Save this picture!© Ivo Tavares StudioSave this picture!ElevationSave this picture!© Ivo Tavares StudioProject gallerySee allShow lessUp Mountain and Buitenplein Amstelveen / RijnbouttSelected ProjectsAntelia Citizen Forum / República PortatilSelected Projects Share Architects: dp Arquitectos Area Area of this architecture project Houses House in Santarém / dp ArquitectosSave this projectSaveHouse in Santarém / dp Arquitectos Lead Architect: ArchDaily Area: 287 m² Year Completion year of this architecture project CopyHouses•Portugal ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/954001/house-in-santarem-dp-arquitectos Clipboard Year: CopyAbout this officedp ArquitectosOfficeFollowProductConcrete#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesResidential ArchitecturePortugalPublished on December 31, 2020Cite: “House in Santarém / dp Arquitectos” [Casa em Santarém / dp Arquitectos] 31 Dec 2020. ArchDaily. Accessed 10 Jun 2021.
Borderless House / Haryu Wood Studio + Selma MasicSave this projectSaveBorderless House / Haryu Wood Studio + Selma Masic ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/956258/borderless-house-haryu-wood-studio-plus-selma-masic Clipboard Architects: Haryu Wood Studio, Selma Masic Area Area of this architecture project ShareFacebookTwitterPinterestWhatsappMailOrhttps://www.archdaily.com/956258/borderless-house-haryu-wood-studio-plus-selma-masic Clipboard Photographs 2018 Save this picture!© Selma Masic+ 29Curated by Hana Abdel Share Area: 63 m² Year Completion year of this architecture project Structural Engineering: Borderless House / Haryu Wood Studio + Selma Masic Houses ArchDaily Manufacturers: Sanwa, Odelic, Tate Log Japan CopyHouses•Japan Year: Projects Lightning Design:Hikaru SaitoCost Management:Takashi NamedaCountry:JapanMore SpecsLess SpecsSave this picture!© Selma MasicRecommended ProductsWoodBlumer LehmannFree Form Structures for Wood ProjectsWoodEGGERWood-based materials in EGGER HeadquartersWindowspanoramah!®ah!38 – FlexibilityWindowsRodecaAluminium WindowsText description provided by the architects. This small house for a family of four occupies a three-meter-wide plot in a densely-populated city in Tokyo. Selma Masic—in collaboration with Sei Haganuma (Haryu Wood Studio)—designed the house for her family home. The architects conceived the total area of 63 square meters as a three-story house with a loosely-defined program for each area. The difference in level between living spaces had been designed to merge without harsh boundaries, providing residents with settings for a range of activities depending on their needs and the time of day.Save this picture!© Selma MasicSave this picture!Ground Floor PlanIts location at the street corner allows a unique relationship between the inside and outside of the house; most of the living spaces could be designed to be exposed to openings that bring the natural light in. The façade facing the street was designed to be porous without being extremely closed or extremely open. For that purpose, curtains were installed as temporary partitions to give residents flexibility in determining how much they wanted to visually open the space to the outside.Save this picture!© Selma MasicWith fixed elements such as the kitchen located on the ground floor and the shower stall on the third floor, we see a vertical gradation in space functions: it changes from a public space to an intimate space as it gets higher. The aim was to transcend the conventional way of living by designing a space that is tailored to the residents and evolves with their needs. This kind of concept helps integrate living areas into the urban context rather than disconnect them as separate entities.Save this picture!© Selma MasicThe structural walls and floors are composed of prefabricated cedar wood panels. The panels are made of 15×15 cm square lumbers, connected horizontally by metal bolts without glue. This feature makes them completely recyclable while also allowing a possibility for the house to be disassembled and reused at the other location.Save this picture!SectionSave this picture!© Selma MasicSince this material satisfies the high standards of fire protection regulations in urban Japan, it is possible to reveal the structure and leave it uncoated and uncovered. Additionally, thermal insulation and cedar wood planks improve thermal performance when used as a façade. A three-story house made using this construction method in urban Japan is the first of its kind. Compared to conventional wooden house construction methods in Japan, this method uses two times more lumber. This is expected to be an effective way of storing carbon dioxide and reinvigorating the forest industry in Japan.Save this picture!© Selma MasicProject gallerySee allShow lessMIA Design Studio Office / MIA Design StudioSelected ProjectsHuangpi Dong Combat Site / West-line StudioSelected Projects Share AUM Structural Engineering “COPY” Photographs: Selma Masic Manufacturers Brands with products used in this architecture project “COPY” CopyAbout this officeHaryu Wood StudioOfficeFollowSelma MasicOfficeFollowProductWood#TagsProjectsBuilt ProjectsSelected ProjectsResidential ArchitectureHousesTokyoOn FacebookJapanPublished on February 04, 2021Cite: “Borderless House / Haryu Wood Studio + Selma Masic” 04 Feb 2021. ArchDaily. Accessed 10 Jun 2021.
TAGS By Digital AIM Web Support – February 9, 2021 Pinterest Facebook Twitter CHICAGO–(BUSINESS WIRE)–Feb 9, 2021– PEAK6, a financial technology business, announced today that Michelle Williams will serve as Executive Director of its Fintech in Action initiative to encourage the hiring, promotion and retention of Black employees in the fintech industry. Williams will help build new partnerships and increase awareness as Fintech in Action expands its outreach in the coming year. “From an economic equity perspective, there is catching up to do,” Williams said. “I’m always looking for productive and strategic ways to bridge that wealth gap. There are stark disparities that exist in the finance and technology industries that need to change, and Fintech in Action is here to inspire that transformation.” Throughout her career, Williams has passionately advocated for inclusivity in the workplace, consulting with corporations and non-profits to find opportunities and develop solutions to enhance their social impact. She currently serves on the Diversity, Equity and Inclusion Advisory Board at Northwestern University, and has previously held leadership positions at Voice of Hope, Leadership ISD and The DEC Network in Dallas, Texas, where she built city-wide entrepreneurship initiatives focused on economic empowerment and inclusion. In 2013, she participated in a summer fellowship at the White House Initiative on Educational Excellence for African Americans for the U.S. Department of Education. In 2018, she was named one of the Top 15 Innovators Reshaping Texas by Texas Monthly. “Michelle’s background and dedication to diversity initiatives makes her a perfect fit as we build Fintech in Action,” said Apex Clearing CEO Bill Capuzzi. “The program could not be in better hands, and I think our partners and the many Black students and professionals who will benefit from Fintech in Action will agree.” “The more diverse voices and thoughts that an organization has, the more diverse solutions that they have,” Williams said. “Creating pathways for Black professionals is not only imperative, but it makes for a stronger and more competitive workplace.” Fintech in Action was launched by PEAK6 and Apex Clearing & Custody™, a PEAK6 operating company, in 2020 to create and support programs that advance growth for Black finance and technology students and professionals. At 26 members and counting, the coalition works to fight systemic racism and initiate tangible progress across the industry. Fintech in Action partners with universities, community stakeholders and professional advocacy groups such as Greenwood Project in order to inspire change. Since its inception, Fintech in Action has helped Greenwood Project boost its internship program capacity by 25%, with plans to see a 100% increase in 2021. Fintech in Action is committed to working with organizations that go beyond talking about change and take concrete steps to enact it. Visit fintechinaction.com to learn how your firm can make an impact in the fintech industry. About PEAK6 PEAK6 uses technology to find a better way of doing things. The company’s first tech-based solution was developed in 1997 to optimize options trading and, over the past two decades, the same formula has been used across a range of industries, asset classes and business stages to consistently deliver superior results. Today, PEAK6 seeks transformational opportunities to provide capital and strategic support to entrepreneurs and forward-thinking businesses, helping to unlock potential and activate what is into what ought to be. PEAK6’s core brands include: PEAK6 Capital Management, Apex Clearing, National Flood Services and Evil Geniuses. Learn more at PEAK6.com or follow us on LinkedIn. About Fintech in Action Fintech in Action is a coalition of action-oriented companies seeking to increase the pipeline of Black professionals for careers in finance and fintech. Founded in 2020 in response to the industry’s need to prioritize racial equity and inclusion, Fintech in Action invested over $1 million in strategic support and paid internship opportunities to further its mission and cause in its first year alone. Together with its partners, Fintech in Action seeks to accelerate progress, innovation and opportunity for Black talent across the industry. Learn more at fintechinaction.com. View source version on businesswire.com:https://www.businesswire.com/news/home/20210209005898/en/ CONTACT: Helen Grove, PEAK6 [email protected] KEYWORD: UNITED STATES NORTH AMERICA ILLINOIS INDUSTRY KEYWORD: FINANCE BANKING PROFESSIONAL SERVICES TECHNOLOGY SOFTWARE SOURCE: PEAK6 Copyright Business Wire 2021. PUB: 02/09/2021 11:00 AM/DISC: 02/09/2021 11:01 AM http://www.businesswire.com/news/home/20210209005898/en Local NewsBusiness Pinterest Facebook Twitter WhatsApp PEAK6 Names Michelle Williams Executive Director of Fintech in Action WhatsApp Previous articleMemorialCare Offers Free Online Mental Health Resource to SoCal CommunitiesNext articleLabcorp Announces Key Appointments to Oncology Leadership Team Digital AIM Web Support
courtneyk/iStockBy CATHERINE THORBECKE, ABC News(NEW YORK) — Google has announced a $1 billion investment over three years to start paying news publishers for content and to support the launch of a new product dubbed the “Google News Showcase.”Sundar Pichai, the CEO of Google parent company Alphabet Inc., announced the move Thursday in a blog post, opening up about “enduring” memories of his father reading the newspaper each morning.“I have always valued quality journalism and believed that a vibrant news industry is critical to a functioning democratic society,” Pichai wrote.The chief executive said the $1 billion investment in news publishers is their biggest financial commitment to journalism to date. He said the company is aiming to create a “different kind of online news experience” through the Google News Showcase.The showcase, which will initially appear in Google News on Android devices, will feature curated news stories on the platform. Pichai said he hopes the service will “give readers more insight on the stories that matter” as well as help publishers “develop deeper relationships with their audiences.”It will soon launch on the Google News app on Apple iOS devices and be available through Google’s search function in the future.“This approach is distinct from our other news products because it leans on the editorial choices individual publishers make about which stories to show readers and how to present them,” Pichai said.The service is rolling out in Germany and Brazil on Thursday and other countries around the world soon after. Publications that will be featured in Thursday’s launch include Germany’s Der Spiegel and Bazil’s Folha de S.Paulo.Google and other tech giants have faced international scrutiny in recent years for their siphoning of news content. The matter is embroiled in a legal battle in Australia, where lawmakers are trying to force digital giants to compensate commercial news organizations more fairly for their original content, the Associated Press reported.In the ever-evolving digital news landscape, tech giants have also courted controversy over their online ad revenue models that experts say have had a devastating impact on a beleaguered journalism industry, a topic that came up during a recent Congressional hearing featuring Pichai and other big tech CEOs.The announcement of the Google News Showcase was met with cautious optimism by U.S. news organization leaders, including Robert Thomson, the CEO of News Corp, whose publications include The Wall Street Journal and the New York Post.“We applaud Google’s recognition of a premium for premium journalism and the understanding that the editorial eco-system has been dysfunctional, verging on dystopian,” Thomson said in a statement. “There are complex negotiations ahead but the principle and the precedent are now established.”Copyright © 2020, ABC Audio. All rights reserved.