Varadkar insisted it was an essential part of the withdrawal agreement, which the EU has repeatedly said cannot be renegotiated, while Johnson insisted that it mist be abolished. Sunday 11 August 2019 12:58 pm Boris Johnson accepts Irish invitation to break Brexit deadlock Read more: Michael Gove says government will spend ‘whatever it takes’ to prepare for a no-deal Brexit whatsapp More From Our Partners Matt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org Alexandra Rogers Johnson has insisted that while he wants to leave the UK with a deal, the UK will leave the EU “come what may, do or die” on the deadline of 31 October. Varadkar, the Taoiseach, had a phone conversation with Johnson a week after he was appointed Prime Minister following the Tory leadership contest. Share Government sources told the Sunday Telegraph that dates for a bilateral meeting between the two leaders were currently being discussed. BIRMINGHAM, ENGLAND – JULY 26: British Prime Minister Boris Johnson gestures as he speaks during his visit to the West Midlands Police Learning & Development Centre on July 26, 2019 in Birmingham, England. (Photo by Toby Melville – WPA Pool/Getty Images) Read more: Boris Johnson clashes with Leo Varadkar over Irish backstop The pair clashed over the Irish backstop – the insurance policy designed to prevent a hard border in Northern Ireland by keeping the UK in a temporary customs union with the EU. Sterling will begin this week trading at near-decade lows against the euro and US dollar as investors and traders increasingly see a no-deal Brexit as more than likely. Boris Johnson has reportedly accepted an invitation to meet his Irish counterpart, Leo Varadkar, to break the Brexit deadlock over the Irish backstop. whatsapp Johnson is due to meet EU leaders at the G7 in the French city of Biarritz on 24 August, and a meeting of the European Council of 17 October, just two weeks before the Brexit deadline of 31 October.
The initial phase of the restructure will see the first cuts to M&S’s 78,000-strong workforce since most of its shops were forced to shutter at the start of lockdown. The job cuts will form part of the firm’s “Never the same again” plan rolled out after its results in May, which is expected to see a complete business overhaul for the company in the coming months as it adapts to the long-term impact of the pandemic. whatsapp Before the Open: Get the jump on the markets with our early morning newsletter (Getty Images) It comes as the coronavirus pandemic continues to batter Britain’s high street stalwarts, with Boots, John Lewis and Harrods making significant numbers of job cuts over the last few weeks. M&S set to announce hundreds of UK job cuts this week Sunak admitted that he would not be able to protect “every single job” as the UK enters a “severe recession”. whatsapp Later job losses are expected to follow a review of costs by executives in different parts of the company such as retail and property, clothing and home, and food and international. The total number of job cuts are likely to amount to several thousand, according to reports. Monday 20 July 2020 9:05 am More than 27,000 out of a total of 78,000 M&S employees were furloughed under the government’s CJRS programme to discourage companies from laying off staff Poppy Wood The significant job cuts followed warnings that chancellor Rishi Sunak’s CJRS will not be enough to protect from wide-scale job losses as the furlough scheme winds down. Earlier this month pharmacy chain Boots announced plans to axe more than 4,000 workers as part of moves to mitigate the “significant impact” of Covid-19. The job cuts will affect around seven per cent of the retailer’s workforce, and will also see the closure of 48 Boots Opticians stores around the country. (Getty Images) Also Read: M&S set to announce hundreds of UK job cuts this week (Getty Images) Also Read: M&S set to announce hundreds of UK job cuts this week Thousands of M&S employees have returned to work, though the supermarket group has not provided a precise figure. Supermarket giant Marks and Spencer (M&S) is set to announce plans for hundreds of job cuts later this week, according to reports, as the retailer undergoes a wide-scale restructure in the wake of the coronavirus crisis. Share The job cuts will make the UK retailer the latest chain to have taken taxpayers’ money through the Coronavirus Job Retention Scheme (CJRS), only to announce significant redundancies later on. Meanwhile John Lewis said it will close eight of its UK shops, including its Birmingham and Watford department stores, putting 1,300 jobs at risk. M&S will begin announcing redundancy plans over the next few days, which are expected to run into their thousands over the next few weeks, Sky News reported. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funnybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBeach RaiderMom Belly Keeps Growing, Doctor Sees Scan And Calls CopsBeach RaiderNews SharperChrissy Metz Is So Skinny Now And Looks Like A Model (Photos)News SharperJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USAPost Fun25 Worst Movies Ever, According To Rotten TomatoesPost FunBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen Herald Show Comments ▼
RELATED ARTICLESMORE FROM AUTHOR Home News Community Laois man John Whelan launches new book on life in the Christian… NewsCommunity Journalist, editor, author, former Senator, LaoisToday columnist, guest radio presenter John Whelan has added another string to his bow by launching his new book, Growing Pains and Growing Up, this weekend.John continues to broaden his media credentials with this new release at the Dunamaise Arts Centre on Saturday, Novermber 10 at 3pm.Growing Pains and Growing Up is an anthology of essays and articles by John Whelan and it represents a journalistic memoir to mark 40 years of his working in media.The book will resonate well beyond Laois as it addresses many of the major political, social and cultural issues of the past half century, featuring many of the major personalities of the era.Among other things, John discusses living in the Christian Brothers, to living among the Rainbow People in Ballyhauphaun and then in Slovenia.Whelan also discusses his political musings and observations, with chapters on Vincent Browne, The Boom and president Michael D Higgins, among others.The book is filled with highs and lows, as John uses poetic turns of phrase and cutting wit to describe situations as he sees them.Dermot Bolger will be officially launching the book in the Dunamaise during the Leaves Festival of Writing and Music this weekend.Leaves Festival of Writing and Music celebrates the diversity and richness in today’s literary, music, theatre and film scene. Leaves aims to excite and engage with audiences young and old.The event opens weekend in the Dunamaise Arts Centre, on Friday night November 9, at 8pm.John Whelan will be in the Dunamaise Art Gallery on Saturday November 10 at 3pm.SEE ALSO – WATCH: Laois footballer Comerford signs for Cork City By Siun Lennon – 7th November 2018 Facebook WhatsApp Pinterest Community TAGSGrowing Pains and Growing UpJohn Whelan Community Twitter Facebook WhatsApp Council Previous articleWATCH: Laois footballer Comerford signs for Cork CityNext articleFOUND: Laois couple reunited with glasses lost in London taxi Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Charlie Flanagan on Electric Picnic: ‘I’d ask organisers to consult with community leaders’ Laois man John Whelan launches new book on life in the Christian Brothers, the Rainbow People and Michael D Twitter Pinterest New Arles road opens but disquiet over who was invited to official opening Laois secondary school announces scholarship winners for new academic year
Keywords Life insurance industryCompanies Assuris Megan Harman Manulife, Sun Life report modest impact from Hong Kong turmoil Ottawa-based insurance company Union of Canada Life Insurance has been ordered by the Ontario Superior Court of Justice to wind up its operations, after it was determined that the company had insufficient capital to ensure its long-term viability. The company, which services approximately 22,000 policies, sought court protection under the Winding-up and Restructuring Act on Thursday. It marks the first time an insurance company has failed in Canada since 1994, when Confederation Life Insurance Company collapsed. Related news Share this article and your comments with peers on social media The failure is the result of “unique challenges, business risks and insufficient capital”, according to Assuris, the not-for-profit organization that protects Canadian policyholders in the event their life insurance company fails. “Union of Canada Life was faced with unique challenges that caused the company to seek court protection,” said Gordon Dunning, president and CEO of Assuris. “Our analysis indicates this company had extremely high strategic, market and operational risks and insufficient capital to ensure the long-term viability of the company in a low interest rate environment.” All Union of Canada Life policyholders are protected by Assuris. The organization will work with Grant Thornton Limited, which has been appointed as liquidator, to transfer the policies to a solvent company. Policies will continue and benefits will be paid during the transition period, and it is anticipated that the policyholders will suffer no loss of benefits. “We will be focused on arranging the transfer of the policies to another life insurance company expeditiously in order to ensure the policyholders continue to be served seamlessly,” said Michael Creber, the Grant Thornton partner in charge of the liquidation. “In the interim, operations of Union of Canada Life will continue from its head office in Ottawa.” Union of Canada Life, founded in 1863, offers life and accident insurance, annuities, RRSPs and mortgages. It has four branches, and operates in Ontario, Quebec, New Brunswick and Prince Edward Island, with most of its business concentrated in Quebec. The regional concentration of the business and its niche product offering created challenges for the small company, according to Josée Rheault, vice president, external relations at Assuris. “[Union of Canada] only had a certain selection of products that were very targeted,” she said. Low interest rates and widespread market volatility have presented a challenging environment for many insurance companies in recent years. However, Assuris emphasizes that the challenges and risks facing Union of Canada Life were unique, and its failure doesn’t reflect broader weakness in the industry. “[It] had some very specific and unique challenges,” said Rheault. “Life insurance is a very strong industry. It’s well regulated, well capitalized. We really see this as a one-off because of very specific circumstances to that company.” The Financial Services Commission of Ontario has been closely monitoring Union of Canada Life, and has kept Assuris fully informed of all developments, Dunning added. All policyholders will be receiving letters directly from the liquidator on how their respective benefits are protected. Other parties affected by the liquidation order will also be receiving a separate letter. In the interim, policyholders are advised to continue paying their premiums as usual in order to ensure there is no interruption in their insurance coverage. Manulife Canada CEO sees Apple and Netflix as competitors as insurance evolves Facebook LinkedIn Twitter Sun Life Financial buying Pinnacle Care International
U.S. action on climate benefits banks, asset managers: Moody’s Higher litigation expenses caused a drop in earnings at U.S. banks in the fourth quarter, according to new data from the Federal Deposit Insurance Corp. (FDIC). The FDIC says that aggregate net income of US$36.9 billion was generated by the commercial banks and savings institutions it insures in the fourth quarter of 2014. This was down US$2.9 billion (7.3%) from the same quarter a year ago. The agency says that the decline in earnings was “mainly attributable to a US$4.4 billion increase in litigation expenses at a few large banks.” Facebook LinkedIn Twitter Related news Apart from that, more than half of banks had year-over-year growth in quarterly earnings, it says. And, the proportion of banks that were unprofitable during the fourth quarter fell to 9.4% from 12.7% a year earlier. “The banking industry continued to improve at the end of the year,” said FDIC chairman Martin Gruenberg. “Although total industry earnings declined as a result of significant litigation expenses at a few large institutions and a continued decline in mortgage-related income, a majority of banks reported higher operating revenues and improved earnings from the previous year. In addition, banks made loans at a faster pace, asset quality improved, and the number of banks on the ‘problem list’ declined to the lowest level in six years.” Loan and lease balances rose US$149.4 billion (1.8%) in the fourth quarter to US$8.3 trillion, the FDIC said. Also, commercial and industrial loans increased by US$42.2 billion (2.5%), and credit card balances grew by US$35.4 billion (5.2%). Over the past 12 months, loan and lease balances increased 5.3%, it reports, not in that this the highest 12-month growth rate for loans since mid-2008. Net interest income was US$1.1 billion (1%) higher than a year ago, as the industry’s interest-bearing assets increased 6.2% in 2014. The average net interest margin was 3.12%, down from 3.27% in the fourth quarter of 2013, which is the lowest quarterly average margin recorded since the third quarter of 1989. Non-interest income was down US$160 million (0.3%) from a year ago, as income from the sale, securitization, and servicing of residential mortgages declined US$1.6 billion (30.8%), it said. At the same time, non-interest expenses rose by US$4.9 billion (4.8%) from a year ago, as litigation expenses at a few of the largest banks were US$4.4 billion higher. Banks set aside US$8.2 billion in provisions for loan losses, up 12% from a year earlier, the FDIC noted, adding that this is the second consecutive quarter that the industry has reported a year-over-year increase in loss provisions. Asset quality indicators continued to improve, the FDIC said, as insured banks and thrifts charged off US$9.9 billion in uncollectible loans during the quarter, down US$2.2 billion from a year earlier. “The current operating environment remains challenging,” Gruenberg concluded. “Revenue growth continues to be held back by narrow interest margins and lower mortgage-related income. And, many institutions are reaching for yield given the low interest-rate environment, which is a matter of ongoing supervisory attention. Nevertheless, results from the fourth quarter generally were positive for the banking industry, and for community banks in particular.” Full-year earnings totaled US$152.7 billion, the FDIC reported, down US$1.7 billion (1.1%) from 2013. This is the first decline in annual net income in five years. James Langton G7 tax pledge may be upstaged by CBDC work Keywords Banking industry, United States High debt levels threaten banks’ strong results: Fitch Share this article and your comments with peers on social media
PS Soraya Martinez Ferrada highlights research project that explores new ways to reduce transportation pollution From: Transport CanadaToday, on behalf of the Minister of Transport, the Honourable Omar Alghabra, Parliamentary Secretary to the Minister of Transport and Member of Parliament for Hochelaga, Soraya Martinez Ferrada, highlighted that Université du Québec à Rimouski is receiving $100,000 in funding under the Clean Transportation System Research and Development Program.Clean growth is essential for Quebec’s and Canada’s transportation system. Through clean growth, we reduce pollution and to grow our economy. This is why the Government of Canada is committed to protecting air quality and ensuring Quebecers and all Canadians have healthy communities in which to live, work and raise their families.Today, on behalf of the Minister of Transport, the Honourable Omar Alghabra, Parliamentary Secretary to the Minister of Transport and Member of Parliament for Hochelaga, Soraya Martinez Ferrada, highlighted that Université du Québec à Rimouski is receiving $100,000 in funding under the Clean Transportation System Research and Development Program.With this funding, Université du Québec à Rimouski will develop an application to improve the performance of maritime and rail transport. The project will evaluate, test and demonstrate the potential of a new technology aiming at more efficient diesel engines. This research project will lead to the development of innovative clean technologies for trains and ships to improve the environmental performance of Canada’s transportation system.Quotes“Through smart investments in clean transportation solutions, we are building a sustainable transport infrastructures that benefits Quebecers and all Canadians. The Clean Transportation System Research and Development Program advances new technologies to reduce pollution, and protect the environment and well-being of our communities.”The Honourable Omar AlghabraMinister of Transport“Clean growth is essential for our transportation system. Investments announced today for Université du Québec à Rimouski will contribute to building a safe and secure transportation system that supports innovation in Rimouski and protect the health of our communities.”Soraya Martinez FerradaParliamentary Secretary to the Minister of Transport and Member of Parliament for HochelagaQuick factsThe Clean Transportation System Research and Development Program supports researchers that are developing emission-reduction technologies and practices in the marine, rail and aviation sectors. By advancing innovative clean technologies, knowledge or practices that can be used by all modes, the program contributes to the overall improvement of the Canadian transportation system.The Program funds clean transportation technology that addresses challenges such as retrofitting ship propellers to increase efficiency, improving rail connections to reduce idling, or developing biofuels to reduce pollution from planes.Technology has an important role to play in reducing the pollution from transportation, and helping Canada meet its pollution reduction commitments under the Paris Agreement on Climate Change, and in the Pan-Canadian Framework on Clean Growth and Climate Change. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:agreement, air quality, Canada, climate change, efficiency, environment, Government, innovation, maritime, Paris, parliament, pollution, Secretary, sustainable, technology, Transport
These two cars, both of which belong to a limited run and are two of just 500 of their kind, have been given the full treatment by the FCH’s experts whose job it is to “[add] cultural worth to a car’s financial value… Because safeguarding a legacy means renewal, and not just conservation..” ‹ Previous Next › The rare vehicles’ listings don’t include a price just yet, but previous Alfa Romeo 8C Competizione models have gone for upwards of $450,000. The Rolls-Royce Boat Tail may be the most expensive new car ever Fiat Chrysler Heritage has listed for sale a pair of fully restored limited-edition Alfa Romeo 8C models, one with almost no miles on it.The formerly-company-owned 2007 8C Competizione coupe and dealer-mileage-only 2010 8C Spider convertible are listed under the Reloaded by Creators FCA Heritage project, which restores select unique models with certified authenticity. Occasionally, that includes some vehicle’s from the corporation’s own collection. Trending Videos See More Videos We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. RELATED TAGSAlfa RomeoConvertibleCoupeLuxuryLuxury VehiclesNew Vehicles COMMENTSSHARE YOUR THOUGHTS Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Trending in Canada advertisement PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Alfa debuted the Competizione back in 2003 at the Frankfurt International Motor Show and set it into production for 2007, gifting it Maserati’s 450-horsepower 4.7-litre V8 engine and a six-speed manual transmission that worked to shoot the car to 96 km/h in under 5.0 seconds.
ReddIt AdvertisementQuality rosé is on the rise. For the past two consecutive years Nielsen has reported a 40-50% off-premise growth in the sale of rosé priced $8 and above. However, the vast majority of this wine is imported, mostly from France, though domestic rosés are making gains. So, is it time for a Judgement of Paris moment for domestic rosé?Two weeks ago Gloria Ferrer’s 2012 Pinot/Chardonnay sparkling wine won best of show in the Rosé Today 2016 Competition in a match-up between domestic, international, sweet, dry, and sparkling rosés with entries from 6 countries and 15 states.While Rosé Today did not make the headlines for Steven Spurrier’s famous tasting, it showed that domestic rosé has made leaps in quality, and Bob Ecker, Wine Director for the Rosé Today competition is not surprised.“Occasionally in my travels I taste a rosé, and people say, ‘really, rosé? I haven’t had one in years.’ They remember the bad ones of the past, then they try this wine, and are surprised at how wonderful it is, that’s what’s happening all over the world. Rosé, it’s a revolution.”Ecker is a long time wine writer and judge, and years ago French rosés opened his eyes to the possibilities of the category, and he has been watching and proselytizing the category ever since.“I started seeing some really good rosés being introduced domestically. One of them was from Simi Winery, but it was only available to their wine club. Then a few more started popping up, one that comes to mind was Azur of Napa Valley,” says Ecker. “I was surprised at how good it was, it reminded me of some of the excellent rosés of the south of France.”Bob EckerHowever, in competitions rosé was still only a small category, so Ecker had the idea of creating his own rosé only competition, and in 2013 he held his first rosé competition at the Meritage Resort in Napa solely for California rosés. Then, after skipping a year, he held a much larger competition in 2015 at Simi Winery and received 192 entries from 20 states across the United States. And Ecker continues to bet on the growing rosé culture.“People are recognizing that rosé goes with many kinds of fun activities including the beach, the pool, and garden parties. It might be great to sit out on your balcony and listen to the ballgame and have a rosé instead of a beer, or instead of your sauvignon blanc or chardonnay,” says Ecker. “It transcends women too, it was sort of a women’s wine, but no more. It’s part of a fun activity, but not silly, it’s here to stay.”While the rosé revolution and lifestyle could be a great opportunity for domestic producers, some data points paint a less than rosy picture.“The US rosé/blush segment is a tale of two really different types of wine,” says Brian Lechner, Vice President – Group Client Director at Nielsen, “and a huge portion of the growth is being driven by wines from France.”According to Nielsen data the total rosé/blush category off-premise sales grew over the past year by 13.7%. Broken down further, the numbers reveal a -0.9% decline in domestic wines versus a 52.4% growth in rosé imports.Nielsen data segments rosé/blush into two categories, jug varietals and items priced above $7.99 per 750ml. The vast majority of US produced rosé falls into the first category, and it is seeing continuous decline as consumers trade up.“Higher-priced items like rosés, pinot noir, or syrah are showing pretty decent growth,” says Lechner, “but are much smaller in terms of overall volume when compared to both the lower-priced blush/rosé wines and French rosés.”Over the last year imports of French rosé grew 62.8% to $76 million with an average bottle price of $13.70 while domestic rosés or pinot noir and syrah respectively grew 43.7% and 81.7% to $7 million and $2.9million total value with average bottle prices of $13.14 and $11.36.Nielsen data is based on retail tracked channels, and “almost assuredly there is more higher-end US rosé being sold through DTC and tasting rooms,” Lecher adds, “but that wouldn’t show up in our data.”Preconceptions of what domestic rosé is like may be hampering sales, but if producers don’t step up production of quality rosés, they may be forfeiting a growing market to French wine. “If you’re a wine shop or a winery, you have to get people in and taste the wine, and they’ll say ‘wow, this is very good,’ and that’s the kind of experience that’s important for the industry. The wine industry needs to get this wine into people’s mouths, and have them taste it. And then they make up their own minds,” says Ecker. “I think rosé can sustain high growth for years to come. Not necessarily this high, but high growth, and it will never go back to where it was.”Next year, the 2017 Rosé Today competition will be happening March 22nd at Soda Rock Winery, and will be part of a larger celebration of rosé culture. “It’s going to be a big deal,” says Ecker, “I can’t announce everything we have planned yet, but we are celebrating rosé as a lifestyle, not just a wine, though the competition itself is the bedrock for Rosé Today.”By Kim BadenfortAdvertisement Pinterest Facebook Share Previous articleWinemakers, Wines, Wineries, Special Guest and Presentations Announced for the Second Annual Oakland Wine FestivalNext articleAfternoon Brief, June 29 Editor TAGSBob EckerConsumerfeaturedKim BadenfortRoseRosé Today Linkedin Twitter Email Home Wine Business Editorial A Quality Revolution and Opportunity for Domestic RoséWine Business EditorialA Quality Revolution and Opportunity for Domestic RoséBy Editor – June 29, 2016 37 0
Apple llevará las aplicaciones de iOS al Mac con el nuevo chip M1 Related Joseph Waring Previous ArticleSamsung NA chief explains secret of 5G successNext ArticlePoliticians urged to back big data at UNGA Home Axiata mulls M1 options Axiata Group said it would consider an offer to sell its stake in Singapore operator M1 to two other key shareholders if the pair make a formal approach.In a statement responding to announcements made to the Singapore Exchange (SGX) by Singapore Press Holdings (SPH) and Keppel Telecommunications and Transportation, the Malaysia-headquartered company said it would consider any offer which enhanced its “own shareholders’ value”.A deal with a market value of SGD1.51 billion ($1.1 billion) could be finalised in the next few days, a source told Bloomberg.Axiata holds a 28.5 per cent interest in M1, Keppel Telecommunications and Transportation 19.2 per cent and SPH 13.4 per cent.In a filing submitted to SGX, Keppel Telecommunications and Transportation announced it is considering a move involving indirect interests in M1, which may or may not lead to a transaction. In a separate filing SPH said it was approached by Keppel to participate in a possible transaction involving its interest in M1.Axiata said it will “consider all appropriate and viable options” depending on the “official proposal” made by the pair.Fresh attemptIn July 2017 M1’s three largest shareholders decided not to move ahead with a plan to sell their combined 61 per cent stake after reviewing bids from a number of parties. A few months earlier, the three companies announced a strategic review of their investments and approached a number of telecoms companies, cash-rich business groups in China and Japanese technology companies.GSMA Intelligence data showed M1 held a 23.43 per cent market share by subscribers at end Q2, behind market leader Singtel (48.7 per cent) and StarHub (26.95 per cent).In 2016, Axiata reportedly was looking to offload part of its stakes in three overseas units, which would help it raise as much as $700 million to pay down its debt.In May 2017 Axiata sold a 10 per cent stake in its Cambodian subsidiary Smart Axiata to Japan-based Mitsui for $66 million. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 26 SEP 2018 M1 opts for Nokia SA 5G core Asia M1Singapore Press Holdings M1 makes commercial 5G move Joseph Waring joins Mobile World Live as the Asia editor for its new Asia channel. Before joining the GSMA, Joseph was group editor for Telecom Asia for more than ten years. In addition to writing features, news and blogs, he… Read more Tags Author
BELMONT, Mass. – Jesper Parnevik took one look at the tree-lined, hilly Belmont Country Club this week and immediately found a favorite. ”This is very much a Bernhard Langer-type of golf course,” Parnevik said he remembered thinking. Langer has proved him right, posting a second consecutive 6-under 65 Friday in what he called a ”stressless” bogey-free round that gave him a four-shot lead halfway through the Senior Players Championship. ”Somebody said, ‘That’s pretty boring stuff: 65, 65,”’ Langer said after hitting all but one green in regulation. ”I don’t think it is. I’d like to do it every day.” Russ Cochran’s slump-busting 65 left him alone in second, while Steve Pate set a course-record with a bogey-free 63. That put him in a three-way tie for third and six shots back with the weary Lee Janzenand Parnevik, the Champions Tour newcomer who shot 66. All have plenty to do to catch Langer on the old-school Donald Ross layout hosting this tournament for the first time. Langer took command by sinking a 40-foot putt on 16 for his sixth birdie. His lone hiccup was a three-putt par from just off the 17th green. ”That German engineering,” Parnevik said of Langer. ”He never breaks down. He’s tough to beat at a place like this. He’s so systematic.” Langer is without a victory this year in which he’s been slowed by injuries. But this week he’s looked much like his 2014 self that won this event and four others. The 57-year-old Langer is nearing a 24th Champions Tour title. He’d also be the first repeat winner of the Senior Players since Arnold Palmer in 1984-85. And the wiry Langer’s fitness should help this weekend as the over-50 tour deals with another difficult walking course. ”French Lick was very tough, Des Moines was maybe even harder, and even Shoal Creek is a pretty good walk,” Langer said. ”I just see it going into the fitness trailer, the physio truck at the end of the day. A couple guys get treated and they all fall asleep.” Janzen is perhaps the most in need of a nap. He was the medalist in a 36-hole sectional Monday in Purchase, New York, that earned him a spot in next week’s U.S. Open. He sat at 7 under before a bogey-par-par finish left him at 69. Without the wind from a day earlier and with the temperature in the 80s, the course yielded a record round. A couple hours after Brad Faxon bested the previous course mark by a shot with a 64, Pate eclipsed him with a bogey-free, eight-birdie round with his distinctive yellow ball. It was a relief for Pate, who entered the week with a 72.82 scoring average. He shot 73 Thursday. ”I was not doing anything really badly. I just haven’t been doing anything really well,” Pate said after his best Champions Tour round. ”It’s a very fine line, and quite a bit of it is between the ears.” Cochran nearly matched him with a seven-birdie round that broke with what’s been a difficult season that’s left him 35th in the Charles Schwab Cup standings. ”Where I am with my game, I felt like I needed a good round,” Cochran said. Colin Montgomerie, who won last month’s Senior PGA Championship for his third major victory in six starts, shot 71 and was nine shots back. Even with the daunting task of catching Langer, Parnevik was thrilled to be in the hunt in the 81-player field that had no 36-hole cut. Parnevik turned 50 in March. ”I’ve been so injured the last seven years,” Parnevik said. ”I’m so happy the body feels OK and I can play again.”