Category: 3. Business

  • Compliance Outreach on Regulation S-P

    The Securities and Exchange Commission is holding its third and final outreach event to help firms comply with amendments to Regulation S-P. This hybrid event is geared toward small firms, whose compliance date is upcoming on June 3.

    Please register in advance for in-person attendance. For online attendance, advance registration is preferred but not required. The livestream will be available on this page on the day of the event. Questions may be submitted in advance on the registration page.

    These Regulation S-P compliance outreach events have been tailored for each registrant type and scheduled according to their corresponding compliance deadline as published in the Regulation S-P rule amendments.

    Staff from the Division of Examinations, Division of Investment Management, and Division of Trading and Markets will cover the new Regulation S-P compliance obligations, discuss what to expect when interacting with an exam team during an examination, and answer any remaining compliance questions. The event also will include a workshop where examination staff will engage in an Incident Response tabletop discussion, review a sample document request list, and demonstrate a mock examination session.

    AGENDA

    Panel A: Historical discussion of Regulation S-P and the rule’s new provisions
    This panel will discuss the history of the regulation, including an overview of core aspects of the regulatory framework and discussion of past risk alerts on the subject. The panel will also discuss the rule amendments, which entities are subject to the Regulation S-P Amendments, incident response program expectations, and SEC perspectives on the monitoring process. There will also be a discussion on the expected format and production requirements for notices to customers by the entities.

    Panel B: Exams’ approach moving forward, including a discussion of potential Risk Alerts and other SEC publications
    This panel will provide SEC perspectives on the examination lifecycle for entities subject to Regulation S-P, including the expected maintenance and production of certain policies, procedures, books, and records.

    Panel C: Examination Workshop
    Examination staff will engage in an incident response tabletop discussion, review a sample document request list, and demonstrate a mock examination session.

    Q&A
    The panelists will answer pre-submitted and live audience questions.

    MATERIALS

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  • The Integration of Global Value Chain in the EU: Stylized Facts and Drivers

    The Integration of Global Value Chain in the EU: Stylized Facts and Drivers

    Summary

    This paper examines EU global value-chain (GVC) integration and analyzes its drivers using machine learning models, with case studies of Portugal and Belgium. GVC participation appears to boost productivity and technology upgrading, but also brings concentration risks in the current environment. Results indicate labor cost, labor productivity and human capital as key drivers, supported by infrastructure, manufacturing base, and governance quality. Portugal remains downstream, constrained by low high-tech intensity, while Belgium is highly integrated but exposed to sectoral shocks. Strengthening the EU single market, capital-market integration, and individual countries’ investment in skills, innovation, and diversification would bolster resilience while preserving the benefits of openness.

    Subject: Economic sectors, Exports, Global value chains, Globalization, International trade, Manufacturing

    Keywords: Backward Linkages, Europe, Export, Exports, Forward Linkages, Global, Global Value Chain Integration, Global value chains, Machine Learning Methods, Manufacturing

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  • A Silver Lining? The European Energy Crisis through the Lens of Directed Technical Change

    A Silver Lining? The European Energy Crisis through the Lens of Directed Technical Change

    Summary

    This paper examines how productivity dynamics and, as a consequence, potential output, are affected by energy price shocks. We do this through the lens of a model of endogenous technical change where firms adjust their investment in non-energy productivity and energy productivity in reaction to the economic environment. Higher energy prices prompt a shift in investment from enhancing non-energy (capital and labor) productivity to improving energy efficiency. The resulting gains in energy efficiency act as an important macroeconomic buffer, but cannot fully offset the adverse input price effect and the transitional cost of shifting investment away from non-energy productivity. We thus find that the change in European energy prices following the 2022 shock reduces the level of euro area potential GDP by 0.8 percent by 2027. The impact on potential growth is temporary, and will have dissipated by that time. Energy efficiency itself is projected to rise by about three percent, offering a silver lining to the crisis. We estimate that the output effect would have been around two-thirds larger had energy efficiency not cushioned the impact of the price shock.

    Subject: Energy conservation, Energy prices, Environment, Fuel prices, Potential output, Prices, Production, Productivity

    Keywords: Directed Technical Change, Energy conservation, Energy Efficiency, Energy Price, Energy prices, Europe, Fuel prices, Innovation, Potential output, Productivity, Productivity

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  • Governor Stein Announces Johnson & Johnson Will Build Second Major Facility in Wilson County

    Raleigh, N.C.

    Today Governor Josh Stein announced Johnson & Johnson, the world-leading health care company, will expand its presence in North Carolina.  The company says it will make an additional multibillion dollar investment in the City of Wilson. According to the company, the project is estimated to create up to 500 new jobs at a state-of-the-art drug product manufacturing facility that will help deliver transformational medicines for oncology and neurological diseases.

    “I appreciate Johnson & Johnson’s confidence that North Carolina is an ideal place to expand their business and create more good-paying jobs,” said Governor Josh Stein. “Life sciences leaders continue to select North Carolina because our skilled workforce and commitment to specialized training deliver the talent companies need to help patients in the United States and around the world.”

    The project announced today marks the third time in just over a year that Johnson & Johnson has selected North Carolina’s renowned life sciences cluster as the ideal place to help meet its goal of manufacturing the majority of its advanced medicines in the U.S. to support the needs of U.S. patients. In October 2024, J&J announced its first project in Wilson, a $2 billion investment that will create 420 jobs on a pharmaceutical manufacturing campus for innovative biologics. Construction of that facility is underway, and the company reports it is already ramping up the hiring of advanced manufacturing employees. In August 2025, the company secured a new 160,000-square-foot site in Holly Springs dedicated to biopharmaceutical manufacturing. That $2 billion commitment over the next 10 years will create 120 new jobs, according to the company.

    “We are pleased to make another significant manufacturing investment in North Carolina. This new facility is the third North Carolina project announced by Johnson & Johnson in the past year and will help to further accelerate the delivery of our portfolio of transformational medicines for patients,” said Jennifer Taubert, Executive Vice President, Worldwide Chairman, Innovative Medicine, Johnson & Johnson. “North Carolina is an important life sciences hub, and we look forward to increasing our presence in the state.”

    “North Carolina has one of the largest life sciences workforces in the nation,” said N.C. Commerce Secretary Lee Lilley. “Economic and workforce development collaboration is critical to ensuring we have the foundation and business climate for innovators like Johnson &Johnson to succeed, and we remain laser-focused on maintaining and strengthening our leadership in the life sciences.”

    J&J’s new Wilson project will be supported by an expected legislative appropriation of $12 million to expand the training center at Wilson Community College. A grant from the state’s Industrial Development Fund – Utility Account is also expected.

    “Once again, Johnson & Johnson—healthcare’s leading, most comprehensive, and innovative powerhouse—has recognized the value of doing business in North Carolina, and specifically in Wilson County,” said N.C. Senator Buck Newton. “North Carolina’s low tax environment and our investment in the Best Center at the Wilson Community College continues to attract new, high paying jobs to the region. This major investment in a new top-tier manufacturing operation underscores Johnson & Johnson’s confidence in Wilson and our state and is a big part of its commitment to invest $55 billion in new U.S. manufacturing, research and development, and advanced technology.”

    “Johnson & Johnson’s continued investment in Wilson County is creating new pathways for our people to access high-value careers in the life sciences,” said N.C. Representative Dante Pittman. “This growth further underscores the need for workforce training initiatives, such as the BEST Center of Eastern North Carolina and BioWorks high school programs, to ensure our region is prepared to support and partner with this critical industry. We are honored that Johnson & Johnson has once again chosen Wilson County as a partner in its mission to build a healthier world.”

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Biotechnology Center, the North Carolina Community College System, the North Carolina Department of Environmental Quality, Wilson Community College, the BioPharma Crescent, Wilson County, the Wilson Economic Development Council, and the City of Wilson.

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  • Gold, silver prices edge up across Pakistan following global trend

    Gold, silver prices edge up across Pakistan following global trend

    KARACHI (Dunya News) – Gold and silver prices recorded an increase across Pakistan on Saturday, reflecting a bullish trend in the domestic precious metals market amid supportive global cues and steady local demand.

    According to the All Pakistan Sarafa, Gems and Jewellers Associations, the price of 24-karat gold rose by Rs3,700 per tola to Rs473,262. The price of 10 grams of 24-karat gold increased by Rs3,172 to Rs405,745, while 10 grams of 22-karat gold climbed Rs2,908 to settle at Rs371,946.

    Market analysts say the upward movement indicates renewed strength in the local gold market, driven by international price fluctuations and ongoing investor interest.

    On the international front, gold prices also registered a modest gain, with the metal trading at $4,509 per ounce, up $37. The rise in global prices contributed to higher interbank rates in Pakistan.

    Silver prices followed a similar upward trajectory. The price of 24-karat silver increased by Rs270 per tola to Rs8,465, while 10 grams of silver rose by Rs232 to Rs7,257. In the international market, silver was priced at $79.90 per ounce, up $2.7.

    Experts note that the continued rise in gold and silver prices reflects growing demand for precious metals as a safe-haven investment amid ongoing economic and market uncertainties.

     


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  • Triumph Announces Schedule for Fourth Quarter 2025 Earnings Release and Conference Call :: Triumph Financial, Inc. (TFIN)

    Triumph Announces Schedule for Fourth Quarter 2025 Earnings Release and Conference Call :: Triumph Financial, Inc. (TFIN)





    DALLAS–(BUSINESS WIRE)–
    Triumph Financial, Inc. (NYSE: TFIN) today announced that it expects to release its fourth quarter financial results and management commentary after the market closes on Monday, January 26, 2026. Upon filing, the financial results and commentary will be available on the Company’s IR website at ir.triumph.io.

    Aaron P. Graft, Vice Chairman and CEO, and Brad Voss, CFO, will review the financial results in a conference call with investors and analysts beginning at 9:30 a.m. central time on Tuesday, January 27, 2026.

    The live video conference may be accessed directly through this link, https://triumph-financial-q4-2025-earnings.open-exchange.net/registration or via the Company’s IR website at ir.triumph.io through the Financial Results link. An archive of this video conference will subsequently be available at the same location, referenced above, on the Company’s website.

    About Triumph

    Triumph (NYSE: TFIN) is a financial and technology company focused on payments, factoring, intelligence and banking to modernize and simplify freight transactions. Headquartered in Dallas, Texas, its portfolio of brands includes Triumph, TBK Bank and LoadPay.

    Forward-Looking Statements

    This press release contains forward-looking statements within the meaning of the federal securities laws. Investors are cautioned that such statements are predictions and that actual events or results may differ materially. Triumph Financial’s expected financial results or other plans are subject to a number of risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” and the forward-looking statement disclosure contained in the Company’s Annual Report on Form 10-K, filed with the Securities and Exchange Commission on February 11, 2025. Forward-looking statements speak only as of the date made and Triumph Financial undertakes no duty to update the information.

    Investor Relations:

    Luke Wyse

    Executive Vice President, Head of Investor Relations

    lwyse@tfin.com

    214-365-6936

    Media Contact:

    Amanda Tavackoli

    Senior Vice President, Director of Corporate Communication

    atavackoli@tfin.com

    214-365-6930

    Source: Triumph Financial, Inc.

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  • Governor Stein Announces Johnson & Johnson Will Build Second Major Facility in Wilson County

    Today Governor Josh Stein announced Johnson & Johnson, the world-leading health care company, will expand its presence in North Carolina.  The company says it will make an additional multibillion dollar investment in the City of Wilson. According to the company, the project is estimated to create up to 500 new jobs at a state-of-the-art drug product manufacturing facility that will help deliver transformational medicines for oncology and neurological diseases.  

    “I appreciate Johnson & Johnson’s confidence that North Carolina is an ideal place to expand their business and create more good-paying jobs,” said Governor Josh Stein. “Life sciences leaders continue to select North Carolina because our skilled workforce and commitment to specialized training deliver the talent companies need to help patients in the United States and around the world.”

    The project announced today marks the third time in just over a year that Johnson & Johnson has selected North Carolina’s renowned life sciences cluster as the ideal place to help meet its goal of manufacturing the majority of its advanced medicines in the U.S. to support the needs of U.S. patients. In October 2024, J&J announced its first project in Wilson, a $2 billion investment that will create 420 jobs on a pharmaceutical manufacturing campus for innovative biologics. Construction of that facility is underway, and the company reports it is already ramping up the hiring of advanced manufacturing employees. In August 2025, the company secured a new 160,000-square-foot site in Holly Springs dedicated to biopharmaceutical manufacturing. That $2 billion commitment over the next 10 years will create 120 new jobs, according to the company.  

    “We are pleased to make another significant manufacturing investment in North Carolina. This new facility is the third North Carolina project announced by Johnson & Johnson in the past year and will help to further accelerate the delivery of our portfolio of transformational medicines for patients,” said Jennifer Taubert, Executive Vice President, Worldwide Chairman, Innovative Medicine, Johnson & Johnson. “North Carolina is an important life sciences hub, and we look forward to increasing our presence in the state.”

    “North Carolina has one of the largest life sciences workforces in the nation,” said N.C. Commerce Secretary Lee Lilley. “Economic and workforce development collaboration is critical to ensuring we have the foundation and business climate for innovators like Johnson &Johnson to succeed, and we remain laser-focused on maintaining and strengthening our leadership in the life sciences.”

    J&J’s new Wilson project will be supported by an expected legislative appropriation of $12 million to expand the training center at Wilson Community College. A grant from the state’s Industrial Development Fund – Utility Account is also expected.

    “Once again, Johnson & Johnson—healthcare’s leading, most comprehensive, and innovative powerhouse—has recognized the value of doing business in North Carolina, and specifically in Wilson County,” said N.C. Senator Buck Newton. “North Carolina’s low tax environment and our investment in the Best Center at the Wilson Community College continues to attract new, high paying jobs to the region. This major investment in a new top-tier manufacturing operation underscores Johnson & Johnson’s confidence in Wilson and our state and is a big part of its commitment to invest $55 billion in new U.S. manufacturing, research and development, and advanced technology.”

    “Johnson & Johnson’s continued investment in Wilson County is creating new pathways for our people to access high-value careers in the life sciences,” said N.C. Representative Dante Pittman. “This growth further underscores the need for workforce training initiatives, such as the BEST Center of Eastern North Carolina and BioWorks high school programs, to ensure our region is prepared to support and partner with this critical industry. We are honored that Johnson & Johnson has once again chosen Wilson County as a partner in its mission to build a healthier world.”

    Partnering with the North Carolina Department of Commerce and the Economic Development Partnership of North Carolina on this project were the North Carolina General Assembly, the North Carolina Biotechnology Center, the North Carolina Community College System, the North Carolina Department of Environmental Quality, Wilson Community College, the BioPharma Crescent, Wilson County, the Wilson Economic Development Council, and the City of Wilson.

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  • Local Project Virtual Plans Display Announced for Racoon Creek Bridge No. 23 | Department of Transportation

    Local Project Virtual Plans Display Announced for Racoon Creek Bridge No. 23 | Department of Transportation

    Uniontown, PA – Washington County Planning, along with Pennsylvania Department of Transportation’s (PennDOT’s) Engineering District 12, and the Federal Highway Administration (FHWA), invites the community to participate in the virtual plans display for the Racoon Creek Bridge No. 23 Project in Burgettstown Borough, Washington County.

    The purpose of the Virtual Plans Display is to provide information on the Washington County owned Racoon Creek Bridge No. 23 Project covering the improvements, impacts, preliminary design plans, traffic control during construction, and anticipated design and construction schedule.

    Information on the Racoon Creek Bridge No. 23 Project, including a short overview and an online comment form, is available on the PennDOT website beginning today, Thursday, January 9 through Thursday, January 23

    Visit the PennDOT District 12 website at http://www.penndot.pa.gov/District12. Click the District 12 Projects Tile, select Racoon Creek Bridge No. 23.

    The online plans display introduces the project and elicits public input regarding questions or concerns. The public may also review and comment on the project’s potential effects on Cultural Resources, according to the Advisory Council on Historic Preservation’s 36 CFR Part 800 regulations implementing Section 106 of the National Historic Preservation Act.

    Project documents will be made available in alternative languages or formats if requested. If you cannot access the information online, require translation/interpretation services, or have special needs necessitating individual attention, contact Project Manager Brian Burkus at 724-415-3767 or by email at bburkus@pa.gov.

    Pursuant to Title VI of the Civil Rights Act of 1964, PennDOT does not discriminate on the basis of race, color, national origin, gender, age, or disability. If you feel you have been denied the benefits of or participation in a PennDOT program or activity, contact the Pennsylvania Department of Transportation, Bureau of Equal Opportunity, DBE/Title VI Division at 717-787-5891 or 800-468-4201.

    Motorists can check conditions on major roadways by visiting www.511PA.com. 511PA, free and available 24 hours a day, provides traffic delay warnings, weather forecasts, traffic speed information, and access to more than 1,000 traffic cameras. 511PA is also available through a smartphone application for iPhone and Android devices, by calling 5-1-1 or following regional X alerts.

    Subscribe to PennDOT news and traffic alerts in Fayette, Greene, Washington, and Westmoreland counties at www.penndot.pa.gov/District12. 

    Information about infrastructure in District 12, including completed work and significant projects, is available at www.penndot.pa.gov/D12Results. Find PennDOT’s planned and active construction projects at www.projects.penndot.gov.

    Find PennDOT news on X, Facebook, and Instagram.

    Media Contact: Andrew Stacy, anstacy@pa.gov or 724-415-3710

    # # #


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  • Airports in western Europe struggle with cold weather : NPR

    Airports in western Europe struggle with cold weather : NPR

    Snow and cold weather in Europe stranded thousands of air travelers from around the world.



    JUANA SUMMERS, HOST:

    After seven days of travel chaos in Western Europe, a winter storm is expected to keep dozens more planes on the ground this weekend. The delays could strand thousands more passengers from around the world. The worst hit airport is the one in Amsterdam, where reporter Indy Scholtens spoke to travelers.

    INDY SCHOLTENS, BYLINE: Amsterdam’s Schiphol airport is still playing catch up after some 300,000 passengers were stranded this week, when snow and freezing weather canceled over 3,000 flights, according to Flightradar. For days now, hundreds have been standing in line, trying to get on a rebooked flight, hoping for a pause in the bad weather. Paul Bryant and his wife left Luxembourg on Tuesday to travel to Seattle.

    PAUL BRYANT: The first flight that get canceled was a flight from Findel, which is Luxembourg, to Schiphol. That was the first flight that get canceled. So we took a train. Then we hit the Netherlands’ electronic outage on Tuesday. So we had a 4.5 hour train ride, ended up being about 10.5 hours going all over the place.

    SCHOLTENS: The cold weather and travel chaos has been hitting much of Western Europe this week. In France and parts of the U.K., tens of thousands of homes lost power. Germany halted train services, and major airports in London, Hamburg and Paris canceled dozens of flights on Friday. Here in Amsterdam, airport and airline officials have struggled to deal with the power outage and a shortage in de-icing product required to spray on plane’s wings so they can fly safely. The airport CEO, Pieter van Oord says it’s an exceptional situation.

    PIETER VAN OORD: (Through interpreter) We haven’t experienced anything like this at Schiphol for 10 years because we’ve never had such a long period of snow. The biggest obstacle is that the airlines have to go back to their old schedules, and that takes days.

    SCHOLTENS: Meanwhile, the bad weather is making it hard to even get to the airport, with travel by train and car made difficult as well. Some of those who got stuck, however, are making the best of it. Madeline Smith is a 28-year-old from Kansas City who came back to the airport to take her chances on a new flight home.

    MADELINE SMITH: And I knew I could be here for days, so I finally said, let me just get a hotel.

    SCHOLTENS: She spent some time exploring Amsterdam instead of waiting.

    SMITH: I mean, there’s thousands of people, and why not enjoy a city while we’re here and make the best of the situation. So…

    SCHOLTENS: And that situation isn’t expected to improve across much of Western Europe until Monday at the earliest.

    For NPR News, I’m Indy Scholtens in Amsterdam.

    Copyright © 2026 NPR. All rights reserved. Visit our website terms of use and permissions pages at www.npr.org for further information.

    Accuracy and availability of NPR transcripts may vary. Transcript text may be revised to correct errors or match updates to audio. Audio on npr.org may be edited after its original broadcast or publication. The authoritative record of NPR’s programming is the audio record.

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  • Crippling cold, snow, power outages hit Europe, wreaking chaos-Xinhua

    BERLIN, Jan. 9 (Xinhua) — A powerful winter outbreak is sweeping across Europe, battering more than a dozen countries with heavy snow, freezing rain, and gale-force winds, resulting in fatalities, flight cancellations, and widespread power outages.

    HEAVY SNOW, FREEZING COLD

    The British Met Office on Thursday upgraded its wind warnings for Cornwall and the Isles of Scilly to the rare red alert, as Storm Goretti evolves into a “weather bomb.” The storm could be “stronger than other storms in recent memory,” the Met Office said, describing it as a “multi-hazard” event posing “danger to life.”

    A cold snap is gripping parts of Denmark and Norway this weekend, with hard frost forecast in northern Denmark and heightened avalanche danger across large areas of Norway. In Denmark, the overnight low in Aalborg is expected to drop to around minus 16 degrees Celsius, with officials noting that temperatures below minus 15 degrees Celsius have been rare in recent years. In Norway, avalanche warnings cover most of the country, including “considerable” danger in several regions of Nordland county.

    In Germany, winter storm Elli swept across large parts of the country on Friday, killing at least three people and severely disrupting public services, particularly in the country’s north.

    Weather expert Karsten Brandt told the German tabloid BILD that Hamburg, Schleswig-Holstein, eastern Germany and Lower Saxony could see sustained snowfall five to 10 cm, and in some places up to 15 cm within six hours, calling it “an extreme situation.” German meteorologist Jan Schenk said the country is facing record single-day snowfall, with levels not seen so far this millennium.

    The Swiss federal government has extended the snow warning for large parts of Switzerland, with MeteoSwiss saying danger level 3 (considerable) will apply in several regions from Saturday morning. In Valais, the avalanche risk has been raised to level 4, the second-highest on a five-point scale. The danger zone includes the resort of Crans-Montana, the site of a New Year fire disaster that claimed 40 lives.

    In Latvia, forecasters warned on Friday evening of snowfall and blizzards in Latgale and Zemgale, with similar conditions expected to spread to other regions of the country on Saturday. Some areas are forecast to experience particularly strong storms.

    Amid the severe cold, two people were found in a long-unheated dwelling. One had frozen to death, while the other was already deceased, according to a report released Friday by the news agency LETA.

    Croatia’s northern Zavizan region recorded 61 cm of snowfall on Thursday, while the western town of Gospic saw 51 cm. In the capital, Zagreb, 29 cm of snow accumulated at the airport’s measuring station.

    In Bulgaria, snowfall covered large parts of the country, including key mountain passes. Sofia’s Pirogov University Hospital reported that more than 140 people were injured after slipping on ice within a 24-hour period. D

    POWER OUTAGES SPREAD

    Electricity infrastructure bore the brunt of the assault. In France, power provider Enedis said some 380,000 homes experienced blackouts due to Storm Goretti, mainly northwestern Normandy region.

    By Friday afternoon, about 52,031 properties were without power in the United Kingdom, mostly in southwest England. Fallen trees, heavy snow and stranded vehicles were slowing access for repair crews, Sky News reported, citing Britain’s National Grid.

    In Bosnia and Herzegovina, thousands of households across the country remain without electricity due to the heavy snowfall despite the alerts. In northern Bosnia’s Tuzla Canton, residents staged peaceful protests this week, saying that power outages occur during nearly every storm and have persisted for about a decade.

    Freezing rain, snow and ice disrupted traffic and power supplies in parts of Serbia over the past week, prompting the national hydrometeorological service to issue repeated warnings about dangerous road conditions and the risk of outages. A state of emergency was declared on Tuesday in the municipality of Majdanpek after severe weather caused a loss of electricity, heating and mobile services for more than 36 hours.

    TRAVEL, SCHOOL DISRUPTED

    The severe weather is also crippling Europe’s transport systems. In Britain, at least 69 flights to or from Heathrow on Friday were canceled, affecting more than 9,000 passengers. National Highways on Thursday has issued its own amber severe weather alert for snow in the West and East Midlands regions of England, warning of “particularly difficult driving conditions” in Birmingham, Leicester and Nottingham.

    The Dutch government has urged residents in northern provinces to work from home on Friday, deploying 577 gritting trucks, 630 snow plows, three emergency response vehicles, and 1,500 people to clear the roads in the north. Dutch airline KLM said due to the weather conditions, around 300,000 travelers had been unable to continue their journeys as planned since Jan. 2.

    In Austria, persistent snowfall caused transport disruption in the capital city of Vienna, with noticeable public transport delays and road closures due to black ice. In west Austria, numerous trucks got stuck on the A13 motorway.

    Italian firefighters said they carried out 1,150 operations over the past four days in the Emilia-Romagna and Marche regions alone as severe weather battered the country. Civil protection authorities issued orange and yellow alerts for strong winds and heavy seas in Tuscany and central regions, with gusts of 80-100 km/h disrupting ferries, closing some mountain passes and raising the risk of “gelicidio” (freezing rain) on roads.

    Romania’s National Meteorological Administration issued multiple yellow weather alerts for strong winds, blizzards and severe cold valid until Monday morning across large parts of the country. The Education Ministry said 31 schools in nine counties either suspended classes or switched to online teaching.

    As heavy snowfall continues on Friday in Lithuania and some other European countries, Lithuanian Airports told the Baltic News Service that unfavorable weather conditions may disrupt flight chains. The National Crisis Management Center said on Friday that traffic remained difficult due to ongoing snowfall and accumulated snow cover, urging residents to avoid non-essential travel.

    Freezing rain, snowfall and sharply colder temperatures caused widespread disruption across Hungary on Friday. Hungarian State Railways reported delays and operational problems and Budapest Airport warned of possible disruption. Some schools shortened hours or shifted online, and Budapest Mayor said over 500 workers and around 100 vehicles were deployed to clear and grit roads.

    Amid the chaos, Hungary’s Nyiregyhaza Animal Park (North-east) said that its polar bears were seen playing in fresh snow for the first time in their lives, as the winter storm blanketed much of the country.

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