LSE-Deutsche Boerse merger thrown into chaos: Reactions from City analysts and Westminster

“However this is not the end of the story and there is still a pressing need for the regulators in the U.K. to look at this responsibly from the perspective of UK Plc.” – Anne Marie Morris, Conservative MP Here’s how the City has reacted:Read more: The inside story of how the LSE’s mega-merger was suddenly derailed whatsapp Emma Haslett Last night’s announcement that the mega-merger between the London Stock Exchange (LSE) and Deutsche Boerse may have been derailed entirely by competition concerns in Europe has left the City reeling.The £21bn merger, which had overcome the potentially devastating hurdle of Brexit without so much as a shrug, was thrown into chaos last night after it emerged regulators were likely to block the deal unless LSE can sell its majority stake in an Italian bond trading platform – a sale which LSE said it “could not commit to”.  1. It may have been blocked anyway “Yes it’s clear the parties to the deals themselves are beginning to look at this deal more carefully to look again at whether it’s in their commercial interests . LSE’s unwillingness to be forced to sell its Italian business is it seems to me symptomatic of a rethink post the Brexit decision. “LSE is trading sharply lower as it becomes clear that the merger with Deutsche Borse is on a knife-edge. LSE is teetering – its shares were trading up around 50 per cent since the merger was first mooted last February. “There is a long, long way to fall if this tie-up dies. The regulatory hurdles were always a risk and with Brexit there are additional hurdles to clear that seem close to insurmountable now.” – Neil Wilson, senior market analyst, ETX Capital by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikecarammelloWhat are the top 10 most expensive cat breeds in the world ? – CarammellocarammelloSurfsharkProtect your digital life with an award-winning VPN, clickSurfsharkBuzzerty8 Signs you may have Rheumatoid ArthritisBuzzertyRelocation Target11 Most Isolated Places At The End Of The EarthRelocation Targettibgez10 Things You Should Know about Lewy Body DementiatibgezYourdailylamaMary Ward Is 106 Now & Here’s What She Looks Like TodayYourdailylamaWelcomEarth10 Best European River Cruises 2014WelcomEarthGadgetheoryLioness Sees Her Old Trainer, This Is Her ReactionGadgetheoryTrendscatchersWoman Had Not Idea How Her Amazon Delivery Went Missing. Then She Decided To Hide A CameraTrendscatchers “Concerns from other EU countries appear to have ended the LSE Deutsche Boerse merger. Escalating requests from countries and particularly France suggest concerns that Frankfurt would be too great a beneficiary from the Brexit fallout. This would be at the expense of France and Paris in particular who would expect to pick up significant trade from Brexit without the merger. “The merger would have subsequently allowed an orderly transfer of some markets towards Frankfurt. This, in turn, meant shareholders and boards of both companies would have an in-built hedge against any Brexit downside. No doubt in time the head office would also have migrated to Frankfurt in substance if not name. The merger would probably not have benefitted London as a financial centre as the merger would have been intent on moving trade to within the EU. “Now the LSE will be fighting to keep trade and markets in London. For Theresa May this is the second major stroke of luck in a week, following the Kraft Heinz withdrawal from the Unilever bid. If the LSE Deutsche Borse merger had progressed Theresa May would have been under some pressure for allowing the facilitation of trade migration to the EU.” – John Colley, professor of practice, Warwick Business School Monday 27 February 2017 11:16 am whatsapp “The new regulatory challenge could be insurmountable. On a side note, there are other important issues that would potentially block the $13 billion deal that LSE and Deutsche Börse are working on for the past year, such as the Britain exiting the EU, the potential divergence the Brexit could generate between Briton and German officials, as well as the loss of competition in the sector.” – Ipek Ozkardeskaya, senior market analyst, London Capital Group LSE-Deutsche Boerse merger thrown into chaos: Reactions from City analysts and Westminster 3. There is a long way to fall 2. This is not the end of the story Share 4. The merger would probably not have benefitted London read more

Boris can talk a good pro-market game, but matching policies are yet to follow

first_imgWhile the Prime Minister’s instincts on the merits of capitalism hit the mark, listeners-on were sorely lacking concrete policy plans to reduce the tax burden, which hovers at a near 50-year high, and to roll back red tape, allowing market mechanisms to flourish properly.  Johnson has made clear that he’ll go for the latter, but he potentially compromised his own plans by making other announcements that could actually hamper growth, including an “infrastructure revolution” that seems rooted in state planning, and a big boost to the National Living Wage which – when imposed by politicians and not the evidence-based Low Pay Commission – risks burdening business and suppressing job growth. While May was forced to roll back her attack on “untrammeled free markets” and make the case for capitalism in her conference speech in 2017 (after a woeful showing in the General Election that summer) Johnson has gone for the reverse approach, laying his free-market cards out on the table before going to the public to try to secure an electoral mandate. To do this in a fiscally responsible manner, the government either needs to hike taxes or boost growth to bring in the extra tax revenue to pay for additional services.  Between the party conference announcements this week and his leadership promises over the summer, the Prime Minister has pledged tens of billions of pounds more in public spending.  Boris can talk a good pro-market game, but matching policies are yet to follow Main image credit: Getty Boris Johnson’s declaration of support for capitalism on stage at the Conservative party conference is not exactly the stuff of breaking news headlines.  City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Opinion But the prospect of a battle of ideologies has been brewing for a while now. The Labour party has not only embraced socialism as its mantra, but also committed to firm policy ideas to complement its set of beliefs.  whatsapp However, while the Prime Minister certainly paid lip service to the role of markets, the policy announcements to reflect this did not obviously follow. Now, after years of to-ing and fro-ing, the Conservative party is adopting rhetoric that clearly presents the market-based alternative to the increasingly popular offer of more state intervention. But the policies will have to follow – and soon – for a proper debate to play out.center_img That’s in addition to the chancellor announcing in the spending round that every department will see a day-to-day spending increase that is in line with inflation.  With Brexit dominating the full agenda, a hung parliament unable to make headway on anything, and uncertainty looming about the UK’s future over the next four weeks, now is perhaps not the time to make pledges in every area of domestic policy.  Kate AndrewsKate Andrews is associate director at the Institute of Economic Affairs. This government, unlike governments before it, is not afraid to announce its pro-market and pro-enterprise philosophy. This difference in attitude and perspective matters.  MANCHESTER, ENGLAND – OCTOBER 02: British Prime Minister Boris Johnson delivers his keynote speech onstage on the final day of the Conservative Party Conference at Manchester Central on October 2, 2019 in Manchester, England. The U.K. government prepares to formally submit its finalised Brexit plan to the EU today. The offer replaces the Northern Irish Backstop with border, customs and regulatory checks lasting until 2025. (Photo by Christopher Furlong/Getty Images) Share Capitalism is not a begrudged fallback plan, but rather upheld as the best system on record for eradicating poverty, boosting prosperity, and sustaining peace. Friday 4 October 2019 4:25 am But while it may not be newsworthy, it is certainly noteworthy, as it represents a huge contrast from the Theresa May era, which (to its detriment) took a much icier approach to market mechanisms. whatsapplast_img read more

Welcome to stage two of the Brexit battle: the ‘level playing field’

first_img Consider the joint words by the trio of Commission president Ursula von der Leyen, European Parliament president David Sassoli, and European Council president Charles Michel (AFP via Getty Images) Back in the present, no sooner had Johnson set out the UK’s contrary desire to ensure no continued alignment, no jurisdiction of the European courts, and no more concessions, than the Irish Taoiseach Leo Varadkar warned him not to set “such rigid red lines” and to “tone down the kind of nationalistic rhetoric”.  whatsapp Opinion Show Comments ▼ Tuesday 4 February 2020 4:11 am Welcome to stage two of the Brexit battle: the ‘level playing field’ Share The essence of Britain and Europe’s conflicting views of what the EU’s purpose is sits at the heart of our future relationship negotiations.  All options for reform in the potential negotiated trade agreement seem truly closed off by the trio. In their words, without UK commitments to the EU “level playing field” on environment, labour, taxation and state aid, “there cannot be the highest quality access to the Single Market.”  In those papers, the EU27 is cautious not to let Britain get away without reprimand or penalty for its choice to leave, nor allow it to gain any economic advantage from doing so. This represents a highly unsophisticated and ideological viewpoint in which nation states have no real purpose. The EU’s top brass see Brexit as nothing but isolation, rather than Britain reaching out to a global trading community beyond a politically rigid, highly-indebted, regional protectionist club. Their misunderstanding may well remind many why Britain decided to leave the EU in the first place. Naturally, it may seem a very British question, but why were we being asked to align to the body of shackles, binding standards and rigid obligations which Britain — through its withdrawal — is seeking to cast off? The trio’s op-ed, also published on 31 January, claims: “Without being a member, you cannot retain the benefits of membership.” This repeats the pessimism and wholescale opposition to any British economic advantage to be found in the Commission Task Force’s seminar papers, released over the first few weeks of January. In Europe’s vision, the joint words by the trio of Commission president Ursula von der Leyen, European Parliament president David Sassoli, and European Council president Charles Michel convey the ideological naivety of the existing European political class, who fail to understand the realignments of democratic forces unfolding across modern European societies. In the EU’s eyes, the requirement for non-alignment is somehow to be cast as nationalism — or, in von der Leyen’s words, “splendid isolation”. Indeed, the Commission president’s speech in the plenary of the European Parliament as MEPs passed the Withdrawal Agreement advocates a paradox. Her request to a country that was leaving the EU was for it to “commit to uphold our standards for social protection and workers’ rights, our guarantees for the environment, and other standards and rules ensuring fair competition”, in return for “closer and better their access to the Single Market”.  This is reminiscent of EU leaders’ bullish warnings to David Cameron during his attempted EU renegotiation back in 2016 — when so much was then said to be “non-negotiable” — which ended up providing an impeccable pretext for the vote to Leave. The battle of visions has begun. Boris Johnson views non-alignment with the major common EU rules as sacrosanct — unsurprising, since the UK has now withdrawn from the bloc. Main image credit: Getty Jim McConalogueJim McConalogue is editorial director at Civitas and author of The British Constitution Resettled: Parliamentary Sovereignty Before and After Brexit. The European Commission, meanwhile, seeks an alignment of standards across a vast body of EU policy in return for a good trade deal. In their joint statement on the UK’s withdrawal, issued on Brexit day, the three could do nothing but caricature the EU as a global powerhouse, whose now 27 member states know that their “strength does not lie in splendid isolation but in our unique Union.”  Warm words indeed, given all the impossible red lines that have been set out in the past fortnight by the European Commission’s Task Force papers.  City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. whatsapp last_img read more

We asked Dr. Anne Zink and other Alaskans what’s bringing inspiration this winter. Here’s what they said.

first_imgArts & Culture | Coronavirus | Health | Mental Health | SpiritWe asked Dr. Anne Zink and other Alaskans what’s bringing inspiration this winter. Here’s what they said.January 6, 2021 by Lex Treinen, Alaska Public Media Share:Dr. Anne Zink holds a self portrait drawn by her daughter in fourth grade (Screenshot via Zoom)It’s the darkest part of winter in a very dark year marked with loss, anxiety, economic worries, political upheaval and isolation. We’ve been asking Alaskans where they find inspiration, hope and comfort on their bleakest days. Many of them said they turned to art — music, literature, film and spiritual texts — to help get through it.Here are their answers.Dr. Anne Zink – Chief Medical Officer of AlaskaHer Choice: Her daughter’s fourth grade self-portraitAlaska’s Chief Medical Officer Dr. Anne Zink is known for her expansive grasp and no-nonsense delivery of facts about the coronavirus as she guided Alaska’s pandemic response.But she’s also a visual arts disciple. She studied fine art as an undergraduate, even designing a course on the chemistry of printmaking. To her, art and science have always gone hand-in-hand.“They’ve always been just the yin and yang of the same thing. I couldn’t have one without the other,” she said.The piece she chose, a painting done by her daughter in fourth grade showing a colorful “Picasso-esque” face, hangs right by her home office.Listen to Part 1 of this series, featuring Dr. Zink and Anchorage Mayor Austin Quinn-Davidson:Audio Player Up/Down Arrow keys to increase or decrease volume.“The eyes are different. The eyebrows are different. The colors are different, depending on which side of the face you look at, and I’ve always valued that: Seeing a challenge from multiple perspectives, not just seeing it from one perspective,” she said.The left eye in the painting looks inward at an impossible angle toward the center of the face, while the right eye gazes straight ahead. Zink compares it to her work navigating complex challenges during the pandemic, which take both knowledge of scientific data and an understanding of social dynamics for issues such as a statewide mask mandate.For all the value modern science has, including a vaccine, medicine is about a lot more than the black-and-white equation of having a disease and finding the cure, she said.“Medicine is not that dichotomous. It is the art of medicine. And it is nuanced. And it is subtle,” she said.Julie Decker – Director of Anchorage MuseumHer choice: Documentary film “Spaceship Earth”Anchorage Museum Director Julie Decker said her salve for 2020 was a documentary film that came out in May.“Spaceship Earth” follows an experiment performed on Earth in the early 1990s to test the feasibility of colonizing another planet. Eight people lock themselves inside a closed environment called Biosphere 2 for two years. To survive, they learn to garden vegetables and bake bread. Decker said that there are obvious parallels to the quarantining many Alaskans experienced in 2020. Unsurprisingly, things get tense among Spaceship Earth’s residents after a few months.“What happens when people live in isolation with each other, or from each other?” she said. “I think it’s a fascinating psychological experiment.”But Decker said the Biosphere 2 complex resonated with her beyond the obvious COVID quarantine parallels. The long days at home during the pandemic got her thinking more and more about another existential crisis: global warming. She said the film’s ambitious project got her to think big, even while stuck in a house that felt small.“Through the pandemic, I felt that hunger for vision, for big thinking. We are living through a moment of deep personal, professional, global change,” she said. “Where are we going to let it take us?”There was one last piece of the film that stood out to her: A cameo appearance by former Trump advisor Steve Bannon. A young Bannon, fresh out of a Wall Street job, appears in the film to salvage the Biosphere 2 project after the completion of the two-year experiment, touting the virtues of sustainable ecological living.“It’s another parallel, in a way, to our moment, because politics has dominated this year as well,” she said. “How strange our world is.”Celeste Hodge Growden – President of Alaska Black CaucusHer choice: The Bible’s Romans 8:28.Alaska Black Caucus President Celeste Hodge Growden chose an older work of art — much older. It was a verse written two thousand years ago, Romans 8:28: “In Him know that all things work together for good to those who love God, to those who are called according to His purpose.”Pastor Undra Parker at Shiloh Missionary Baptist Church in March 2020. Celeste Hodge Growden said she first heard the verse from Romans 8:28 from Parker at her longtime church. (Shiloh Missionary Baptist Church)Growden’s organization, the Alaska Black Caucus, was reorganized at the end of 2019. When George Floyd was killed by police officers in Minneapolis in May 2020, sparking worldwide protests against racism, the verse reminded her that her work was part of a larger plan.“Without this verse, nothing makes sense. And you know, you crumble, you get offended, you get angry, you don’t understand things,” she said.Listen to Part 2 of this series, featuring Celeste Hodge Growden, Samuel Johns, and Julie Decker:Audio Player Up/Down Arrow keys to increase or decrease volume.Growden said while 2020 has helped awaken many to systemic racism in the U.S., it hasn’t been an easy year for her. She grieved the loss of her mother, who died late in 2019. And she’s received threats and hate mail because of her positions on issues such as police body cameras. Remembering Romans 8:28’s words about following her purpose has kept her centered.“It’s nothing that you planned,” she said. “But it’s everything that God planned.”Samuel Johns – Activist, social worker, artistHis choice: Video “Ghengis Khan – Extra Credit“Activist, social worker and musician Samuel Johns also found direction for his Indigenous healing work from world history. But his inspiration came from an unorthodox source: a cartoon history of Mongol Emperor Genghis Khan.“If anyone said, ‘Man, one day, you’re gonna be in quarantine and you’re gonna fall in love with the Mongol Empire,’ I’d be like, ‘That sounds like the most wacky shit I ever heard,” Johns said.Alaska Native organizer and activist Samuel Johns protests during a speech by Gov. Mike Dunleavy at the 2019 Alaska Federation of Natives Conference at the Carlson Center in Fairbanks. (Zachariah Hughes/Alaska Public Media)The video is from a channel called Extra Credit that he started watching to help his kids with history lessons. He acknowledged that while Genghis Khan has often been typecast as a heartless murderer, when he learned more about his story, Johns started to see admirable parts of how the Mongol empire ruled.“They fought wars, and they defeated armies, but they let the people keep the language and eat. They kept their scholars, they kept their teachers, and they made sure that their books were protected,” he said.Khan also instituted policies to keep everyone fed and made sure portions of all war booty were reserved for widows and children.Those lessons struck deep for Johns as he pondered the legacy of colonialism during this summer of racial reckoning.“I’ve grown up in a disproportionate place, where there was a lot of alcoholism, there was a lot of domestic abuse, there was a lot of things that I could not save people from,” he said.Hearing the story of one of the world history’s most powerful rulers helped him imagine a world where he had a bit more control over his life, in a world not governed by white colonizers.“The fact that Genghis Khan was able to create his own laws for his own people — that’s what I want for my people,” he said.Austin Quinn-Davidson – Acting Anchorage MayorHer choice: Brandi Carlile live performancesAnchorage’s Acting Mayor Austin Quinn Davidson said the music of Brandi Carlile was an escape from the realities of the pandemic.Anchorage Assembly Chair Austin Quinn-Davidson in her Turnagain neighborhood on Oct. 22. Quinn-Davidson became the interim mayor of Anchorage, following Mayor Berkowitz’s resignation on Oct. 23. (Jeff Chen/Alaska Public Media)Quinn-Davidson said she’s fallen back on the music of singer-songwriter Brandi Carlile at several points since unexpectedly taking the helm of Alaska’s largest city. Her wife bought her tickets to a virtual concert earlier this year.“Halfway through, I found myself kind of lost in the moment, and just singing along and thinking about all these memories I had about, you know, being at a music festival, and the open air, and it being warm,” she said.Quinn-Davidson and Carlile both come from small rural areas, are roughly the same age, and both married to women. Feeling connected to someone through concerts at home was powerful through the loneliness of work — or when isolating after testing positive for COVID-19.“She brings such honesty and authenticity to her music, and she tells the story of hard parts of life,” Quinn-Davidson said.Those messages hit home this year. The lyrics to 2018 song “Most of All” — “But most of all/He taught me to forgive/How to keep a cool head/How to love the one you’re with” — reminded her of lessons she’s learned.“Music is a tool to remember that ultimately, what it’s about is kindness, and love, and treating people with respect,” Quinn-Davidson said.And when she finds herself the target of political vitriol, listening to Carlile reminds her we all share a lot more of the human experience than we sometimes remember. And it reminds her things will pass.“In the context of 2020, and the pandemic, and all of these challenges — those are cyclical, too. We will get out of this … eventually,” she said.If you’d like to share something that’s helped you get through the pandemic and why — or someone you’d like to hear from in our series — send an email to [email protected] this story:last_img read more

Old Mutual restructures division to give Buxton chief exec role

first_img Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapWatch President Biden Do Battle With a Cicada: ‘It Got Me’ (Video)The WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap Express KCS whatsapp whatsapp INSURER Old Mutual overhauled its UK wealth division yesterday, creating a new investment unit and promoting top fund manager Richard Buxton to head its retail business.The FTSE 100 listed firm has been forced into the rejig following its £585m takeover of UK wealth manager Quilter Cheviot earlier this year. Quilter boss Martin Baines has been promoted to head the new division, with Quilter Cheviot and Old Mutual Global Investors (OMGI) sitting in the unit. Current OMGI boss Julian Ide is leaving the company and Buxton will replace him. Industry veteran David Loudon has been promoted to lead Quilter as part of the restructure. Buxton’s move to combine executive duties with his responsibility as a fund manager could raise eyebrows, but yesterday he promised to remain focused on running money. “Investment remains my first passion and priority – I would not have accepted any additional responsibilities which would compromise my ability to invest on my clients’ behalf,” he said. Share Tags: NULLcenter_img Thursday 13 August 2015 5:58 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailPsoriatic Arthritis | Search AdsWhat Is Psoriatic Arthritis? See Signs (Some Symptoms May Surprise)Psoriatic Arthritis | Search AdsSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Old Mutual restructures division to give Buxton chief exec role Show Comments ▼ last_img read more

Miner Glencore and China lead FTSE to seven-month low – London Report

first_img Miner Glencore and China lead FTSE to seven-month low – London Report whatsapp Express KCS Show Comments ▼ Thursday 20 August 2015 5:40 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirrorzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallcenter_img whatsapp Share THE FTSE 100 fell yesterday to its lowest level since January, hit by anxiety over metals consumer China’s economy, with Glencore leading the mining sector lower after poorly-received results.The blue chip index was down 122.84 points, or 1.9 per cent, at 6,403.45 points by the close – its lowest closing level since 15 January, and more than 10 per cent below a record high of 7,122.74 points hit in April.Miner and commodities trader Glencore was the top faller, dropping 9.7 per cent to a record low after a 29 per cent fall in first-half earnings due to a slide in metal and oil prices.Some questioned whether a decrease in the firm’s debt and cuts in capital expenditure went far enough. “I think that the cutback on the capex wasn’t big enough,” said Zeg Choudhry, managing director at Lontrad.Anglo American, BHP Billiton and Rio Tinto fell between 4.4 and 3.7 per cent.Leading the few blue chip gainers, British insurer Admiral jumped 3.8 per cent after posting a forecast-beating one per cent rise in first-half pre-tax profits. Pharmaceutical firm Hikma rose 2.5 per cent after maintaining guidance for full-year revenue growth. More From Our Partners White House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comKiller drone ‘hunted down a human target’ without being told Tags: Chinese economy Company FTSE 100last_img read more

People / Mike Tegtmeyer joins AIT Worldwide as vice president of global IT infrastructure

first_img AIT Worldwide Logistics has appointed Mike Tegtmeyer (pictured above) as its new vice president of global infrastructure to its global expansion strategy by ensuring the company’s robust systems are both secure and scalableMr Tegtmeyer will report to chief information officer Ray Fennelly and “oversee the worldwide management of AIT’s technology infrastructure, hardware platforms and network security”.“Strict data security and a high-performing global network are key components of delivering a world-class experience for AIT’s customers,” said Mr Fennelly.“As AIT continues to grow both organically and via acquisition, Mike’s guidance will ensure our systems are scaling along with the company as well as our customers’ businesses.” By Gavin van Marle 04/06/2019 Over the course of his career, Mr Tegtmeyer has optimised IT operations environments while driving results-oriented IT strategies for a variety of businesses.He guided numerous high-profile security, network and telecom projects for Brunswick Corporation before serving as director of network operations for FTD Companies.Most recently, he was vice president, information systems & security for Chicago-based Rewards Network.“I look forward to applying my mergers and acquisitions experience to make AIT’s future acquisitions as seamless as possible. I am both flattered and excited to have the opportunity to join this organisation,” he said.last_img read more

Warm tributes paid to young Laois child following sad passing

first_img Warm tributes have been paid to nine-year-old Laois girl Hollie Brown-Quail who sadly passed away recently.The Portlaoise girl passed peacefully at her home, holding the hand of her brother Oliver and sister Maura.Hollie, from Chantiere Gate Portlaoise, is the daughter of Paul and Teresa.She attended Kolbe Special School in Portlaoise and principal Orlagh Mahon paid a heart-warming tribute to her student.She said: “Hollie Brown Quail attended Kolbe Special School for the past four years. Twitter TAGSHolly Quail BrownKolbe Special SchoolOrlagh Mahon Pinterest Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Facebook Facebook News Previous articlePortlaoise Musical Society nominated for seven national awardsNext articleSopranos set to wow at ninth weekly Laois parish online lunchtime concert LaoisToday Reporter Warm tributes paid to young Laois child following sad passing “During her time at Kolbe the staff got to know who Hollie really was. Hollie was a great girl who had an infectious smile and a cheeky grin.“She was very sociable and Hollie really enjoyed school gatherings such as assemblies and school parties.“In the classroom, Hollie loved story time and her preference was stories filled with puppets and sounds – the more animated the better. Twitter WhatsApp Home News Warm tributes paid to young Laois child following sad passing News WhatsApp Pinterest “Other activities Hollie favoured were music and nice gentle sensory interactions such as the waterbed, the bubble tube and a good hand massage. However, Hollie’s most favourite place in school was sitting on your lap for a little cuddle and one to one time.“As teachers we feel that pupils come to school to learn from us but Hollie had a lot to teach us too. She taught us the importance of spending time by just being with one another.“Hollie thoroughly delighted in when people would sit with her and talk to her, she got great fun out of people calling her name.“It was an honour and a privilege to have Hollie and her family as part of Kolbe Special School. Holly will be greatly missed and there will be an empty space when we return.“Hollie, it is with great sadness that we have to say goodbye but to everyone who knew you especially your family they now have an angel by their side.”Laois County Councillors also paid tribute to Holly, as her dad Paul works with the fire services.Cllr Willie Aird said: “This is very sad news.“On behalf of Laois County Council, I would like to pass on our condolences to all of Hollie’s family.”Hollie will always be in the hearts of her devoted uncles, aunts, cousins, (especially her country cousins) and her great friends, especially those from Kolbe School and Laura Lynn.Given the exceptional climate and to protect the welfare of everyone who knew her, a funeral, with family only, will take place at 12pm today (Tuesday).Mass of the Angels will be held in SS Peter and Paul’s Church, Portlaoise and will be streamed on the webcam.May Hollie Rest in Peace.SEE ALSO – No new Coronavirus deaths and just 59 new cases as hairdressers plan safe ‘early’ reopening RELATED ARTICLESMORE FROM AUTHOR Electric Picnic Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival By LaoisToday Reporter – 26th May 2020 Electric Picnic Electric Picnic organisers release statement following confirmation of new festival datelast_img read more

Electricity Limits NK Olympic Broadcast

first_img Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News By Mok Yong Jae – 2012.08.02 6:14pm RELATED ARTICLESMORE FROM AUTHOR SHARE There are signs that North Korea is running into serious difficulties with its corn harvest News News center_img Although North Korean television coverage of the Olympic Games has reportedly been extended to five hours a day, many North Koreans are unable to watch the London Olympics because of electricity shortages, according to inside sources. North Korea is currently ranked 5th in the world Olympic medal count with four gold medals in weightlifting and judo. The gold medal achievements of North Korean judoka An Kum-ae and weightlifters Om Yun-chol and Kim Un-kuk led North Korea to extend the length of its Olympic broadcast, said Ri Kwang-chol, head of the North Korean Radio and Television Broadcasting Committee press delegation. Originally, North Korea was only broadcasting 15 minutes of Olympic updates as a part of the 8pm evening news. Ri Kwang-chol is one of six North Korean reporters who are currently in London covering North Korean team’s performance in the Olympic games. Ri told the president of the Asia-Pacific Broadcasting Union (ABU), the organization that granted helped North Korea secure the rights to broadcast the games, that “people back home are excited about our athletes’ great performances.’People in Pyongyang are also watching South Korean athletes compete, Ri said. Defectors say that it is very uncommon for North Korean officials to approve of citizens watching events in which South Korean athletes win gold medals. North Korean authorities have never allowed this in the past. North Korean television broadcasts usually end by 11pm on normal days, defectors told Daily NK. Therefore, Olympic coverage in North Korea is not live, but recorded and shown during the day. However, due to the lack of electricity in NK, only a small percentage of the population is actually able to watch the Olympics. Central Pyongyang only receives a limited number of hours of electricity per day causing the quality of the broadcast to be very poor. And regions of North Korea outside of Pyongyang cannot view the recorded broadcast of Olympics at all. Inside sources say that people who live in the area near the North Korea-Chinese border are able to view the Olympics using the limited amount of electricity that the North Korean officials send to the factories and enterprises located there. But this electricity is very unstable. People in this border region can also sometimes catch the broadcast wave from China enabling them to watch the Olympic broadcast at night. Nevertheless, North Korea’s KRT has the rights to broadcast more than 200 hours of the London Olympics of whatever events they choose, as was negotiated in a meeting in Pyongyang on the 26th of last month with the Asia-Pacific Broadcasters Union. Moreover, North Korea not only received permission to televise the London Olympics, but also the 2014 Incheon Asian Games, 2014 Brazil World Cup, and the 2016 Rio De Janeiro Olympics. Facebook Twitter News Electricity Limits NK Olympic Broadcast AvatarMok Yong Jae North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

TSX heads lower as crude and commodities continue slump

first_img The Toronto stock market pulled back at the close Wednesday amid lower commodity prices and cautious comments on interest rates and the global economic recovery from the head of the U.S. Federal Reserve. The S&P/TSX composite index fell 96.93 points to 12,185.72, its fourth consecutive losing session. The Canadian dollar was off 0.28 of a U.S. cent at 71.77 cents US. Facebook LinkedIn Twitter Oil continued its downward trajectory, with the March contract losing another 49 cents to settle at US$27.45 a barrel. The last time the price of benchmark crude hovered around these levels was more than a decade ago when it slumped to US$26.96 a barrel in September 2003. Other commodities were also negative, with March natural gas shedding five cents to US$2.05 per mmBtu, while April gold fell $4 to US$1,194.60 a troy ounce. March copper dipped a penny to US$2.02 a pound. New York indexes were mixed after Fed chairwoman Janet Yellen told Congress that the U.S. central bank still plans to gradually raise interest rates, but will do so while keeping an eye on the weak global economic recovery. The Dow Jones industrial average dropped 99.64 points to 15,914.74, while the broader S&P 500 lost 0.35 of a point to 1,851.86. The Nasdaq composite gained 14.83 points to 4,283.59. Yellen repeated the Fed’s confidence that the U.S. economy was on track for stronger growth and a rebound in inflation, but that there were still global concerns, particularly for China’s economic outlook and currency. —It is fairly obvious that the Fed is not likely to reverse course on the rates rise,” said Jean-Francois Dion, vice-president and portfolio manager at RBC World Markets. “This idea of the Fed actually cutting rates in response to the growing global risks surfacing in markets is fairly unlikely.” But Dion said the comments also showed how “progressive and flexible” the Fed will continue to be amid economic uncertainty. Yellen is set to give two days of testimony before Congress, and Wednesday’s comments mark the first time she has spoken publicly since December when the Fed raised rates for the first time in nearly a decade. Originally, economists had expected the Fed to boost its benchmark rate in March but now believe the next move won’t likely happen until June. Overseas, Germany’s DAX advanced 1.6%, France’s CAC 40 rose 1.6% and Britain’s FTSE 100 added 0.7%. In Asia, Japan’s Nikkei 225 sank 2.3% and is down about 11% in the past month. Markets were closed in China, Taiwan, Hong Kong and South Korea for Lunar New Year holidays. Hong Kong and Korea reopen on Thursday and China and Taiwan resume trading Monday. Share this article and your comments with peers on social media Toronto stock market dips on weakness in the energy and financials sectors Linda Nguyen Related news Keywords Marketwatch S&P/TSX composite hits highest close since March on strength of financials sector TSX gets lift from financials, U.S. markets rise to highest since Marchlast_img read more