Höegh LNG Nakilat Join Forces on FSRU Projects

first_imgzoom Floating energy solutions provider Höegh LNG and shipping company Nakilat have agreed to explore collaboration for Floating Storage and Regasification Unit (FSRU) business.The parties said that they signed a Memorandum of Understanding (MoU) for the cooperation on July 18.“This agreement paves the way for greater business opportunities to create substantial platforms for local players to get involved in the project, exposing them to innovative technologies and expertise that would be beneficial to their growth and the development of Qatar’s energy and maritime industry,” Abdullah Al-Sulaiti, Nakilat’s Managing Director, said.“The alliance with Nakilat is a confirmation of Höegh LNG’s leading position in the FSRU market and offers the opportunity to further accelerate our market presence beyond the projects we undertake on a sole basis,” Sveinung J.S. Støhle, President and CEO of Höegh LNG, said.Image Courtesy: NakilatFSRU is a floating LNG import terminal, which has become a strategic solution for countries without LNG receiving terminal infrastructure, enabling better accessibility of clean energy.Among the significant benefits of FSRU are the ability to serve markets which would otherwise not be able to utilize natural gas, pose lesser transportation risks and have the flexibility to be relocated or used as an LNG carrier.last_img read more

China criticizes SP credit rating cut as wrong decision

first_imgBEIJING, China – China’s Finance Ministry on Friday criticized the cut in the Standard & Poor’s rating agency’s credit rating on Chinese government borrowing as a “wrong decision” and said it ignores the country’s economic strength.S&P announced the change Thursday, citing rising debt it said increased financial risk. The move added to warnings China’s debt burden might drag on economic growth or threaten the financial system. It followed a similar downgrade by Moody’s Investors Service in May.The timing is awkward for the ruling Communist Party, which wants to project an image of stability ahead of a twice-a-decade congress next month at which President Xi Jinping is due to be named to a second five-year term as leader.S&P followed its China downgrade a day later by cutting its credit rating for Hong Kong, citing risks posed by their close ties. The agency said Friday it was reducing its long-term rating on Hong Kong by one notch, to AA+ from AAA, reflecting potential spillover risks.It said Hong Kong has a good economic outlook, sizable fiscal reserves and credible monetary policy, but that China’s downgrade is “exerting a negative impact” on Hong Kong because of “strong institutional and political ties” between them.The Finance Ministry complained S&P ignored China’s stable economic growth and reform efforts. It noted official data showed the economy grew by 6.9 per cent in the first half of 2017 over a year earlier and government revenue rose by nearly 10 per cent.“The Standard & Poor’s downgrade of China’s sovereign credit rating is a wrong decision,” the ministry said on its website. “This misreading neglects China’s good fundamentals and development potential.”Total Chinese nongovernment debt rose last year to the equivalent of 257 per cent of annual economic output, according to the Bank for International Settlements. That is unusually high for a developing country and up from 143 per cent in 2008.Communist leaders have cited reducing financial risk as a priority this year. They have launched initiatives to reduce debts owed by state companies, including by allowing banks to accept stock as repayment on loans. But private sector analysts say they are moving too slowly.S&P lowered its rating on China’s sovereign debt by one notch from AA- to A+, still among its highest ratings.“A prolonged period of strong credit growth has increased China’s economic and financial risks,” said S&P in a statement. That has supported economic growth but “also diminished financial stability to some extent.”The downgrade could raise Beijing’s borrowing costs slightly but is more significant for its impact on investor sentiment.“The new rating is still squarely investment grade — there is no real concern about the possibility of default,” said Mark Williams of Capital Economics in a report.“However, credit continues to expand at a faster pace than output, which points to significant ongoing misallocation of resources,” said Williams. “State sector reforms have continued to disappoint and so the hidden risks on bank balance sheets have continued to build.”Chinese economic growth fell from 14.2 per cent in 2007 to 6.7 per cent last year, though that still was among the world’s strongest.The government is trying to make the economy more productive by giving market forces a bigger role. It is trying to shrink bloated industries such as steel and cement in which supply exceeds demand, which has depressed prices and led to financial losses.Beijing is trying to steer the economy to slower, more sustainable growth based on domestic consumption instead of investment and exports. But growth has dipped faster than planners wanted, raising the risk of politically dangerous job losses. Beijing has responded by flooding the economy with credit.Official efforts to rein in debt “could stabilize the trend of financial risk,” S&P said. “However, we foresee that credit growth in the next two to three years will remain at levels that will increase financial risks gradually.”last_img read more

TSX ends down along with US markets Cdn dollar makes slight gains

first_imgCanada’s main stock index joined U.S. markets in the red Monday as a Federal Reserve meeting looms and a share price hit at Facebook over improper data use weighed on the tech sector.The S&P/TSX composite index closed down 121.94 points to 15,589.39, led by declines in energy and base metals as both oil and copper prices slipped.Aeroplan parent company Aimia Inc. was a bright spot on the TSX, up 25 per cent to $2 after announcing a partnership with online giant Amazon that will offer members rewards for shopping with the world’s largest retailer.The Canadian dollar made slight gains, closing up 0.05 of a US cent at 76.46 cents US, but could be tested later this week when the U.S. Federal Reserve gives more details on its rate hike plans, said Michael Currie, vice-president of TD Wealth Private Investment Advice.“With the Fed meeting Wednesday that’s definitely going to be putting some pressure on Canada.”The amount of pressure depends on how many rate hikes the Fed indicates, especially since the Bank of Canada isn’t giving any signs of a rate hike coming any time soon, said Currie.The potential hit to the Canadian dollar comes after steep declines in recent weeks, but it’s more of a return to the expected range, he said.“It’s still trading in the range. I think everyone was surprised a month or so ago when it was trading at 81 and a half, didn’t seem to be a lot of fundamental support on that one. So even though it’s been pulling back, it’s pulling back from a high point. Most people see it in the seventies.”In U.S. markets, the Nasdaq composite index was down 137.75 points to 7,344.24. The Dow Jones industrial average was down 335.60 points to 24,610.91 and the S&P 500 index was down 39.09 points to 2,712.92.Facebook was a drag on the Nasdaq, down 6.77 per cent after facing criticism from reports that a data mining firm working for the Trump campaign improperly obtained and then kept data on tens of millions of users.“You’ve got people in Canada, U.K., the States, EU all talking about the allegations they want to have hearings go on, so they’re obviously taking this pretty seriously around the world,” said Currie.The decline in the Nasdaq comes after the market hit a recent high, with it still looking quite healthy, he said.“We have to take it in the context that even though the Nasdaq is down pretty heavy, it’s still up five per cent year to date, and just last week it was at a record high. So probably more of a breather here on the tech stocks than a correction.”On the commodity front, the May crude contract closed down 28 cents to US$62.13 per barrel and the April natural gas contract was down four cents to US$2.65 per mmBTU.The April gold contract closed up $5.50 to US$1,317.80 an ounce and the May copper contract was down three cents to US$3.08 a pound.last_img read more

Home Capital beats expectations as secondquarter earnings surge

Companies in this story: (TSX:HCG)The Canadian Press TORONTO — Home Capital Group Inc. beat expectations as its earnings surged in the second quarter.The alternative mortgage lender says it earned $31.9 million or 53 cents per diluted share for the period ended June 30, up from $29.6 million or 37 cents per share a year earlier.Excluding one-time items, adjusted earnings grew 56.8 per cent to 58 cents per share, from 37 cents per share in the prior year.Net interest income rose 3.7 per cent year over year to $97.5 million from $84.1 million.Home Capital saw mortgage originations rise by $50 million or four per cent to $1.28 billion while loans under administration climbed 1.7 per cent to $22.9 billion.The Toronto-based lender was expected to post 51 cents per share in adjusted earnings on $94 million in net interest income.The company says conditions in the Canadian real estate market should continue to support stable, profitable growth for the rest of 2019.“We have made substantial progress in our operations in the first half of 2019,” stated CEO Yousry Bissada. read more

UN official voices concern over reports of deadly bombing raid on Sudanese

Kevin M. Kennedy, Director of the Coordination and Response Division of the Office for the Coordination of Humanitarian Affairs (OCHA), issued a statement saying UN agencies are struggling to reach and assist the thousands of people who have been displaced by the latest wave of violence to hit Darfur.”This is the latest of several serious ceasefire violations in recent days that are having a devastating effect on civilians, and severely disrupt our relief operations,” he said.UN officials in Sudan said African Union (AU) reports indicated that the Sudanese air force bombed the village of Rahad Kabolong in North Darfur state, with unconfirmed reports giving a casualty count of about 100. UN humanitarian agencies have declared the location around Rahad Kabolong to be a “no-go” area for their staff until further notice, and the AU is investigating the bombing raid.The area north of the town of Sirba in West Darfur state has also remained off-limits to UN staff since late last week because of violent clashes there.Across the region, UN human rights monitors are expressing concerns about the treatment of victims of human rights abuses. Despite representations from World Health Organization (WHO) officials, the victims are still being forced to pay fees to receive hospital treatment in Nyala, the capital of South Darfur state.The latest attacks come as the UN’s most senior humanitarian official warned the Security Council today that Darfur’s perilous security conditions are hampering UN aid agencies’ efforts to feed and assist many of the hundreds of thousands of internally displaced persons (IDPs).Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Jan Egeland outlined the impact of the continuing violence and insecurity during a wide-ranging briefing to the Council today on the humanitarian situation in Africa.Mr. Egeland said the World Food Programme (WFP) reached 1.5 million people in Darfur in December – “a significant achievement, but still 500,000 less than the target.” So far this month the agency has reached about 900,000 IDPs, only half of its goal for January.He said IDPs continue to arrive in temporary camps every week – or in some cases are having to flee those camps and seek shelter elsewhere – because of fresh attacks on towns, villages and camps. The situation is considered worst, he added, in South Darfur and West Darfur states. read more

Brock labour expert launches survey for workers in horse stables

If you work in Ontario’s equine industry, Brock University Labour Studies Professor Kendra Coulter wants to hear from you.The internationally renowned expert on animals, work and humane jobs has launched the Work in Ontario Horse Stables Survey to learn more about the working conditions in the province’s equine sector.“Compared to a number of European countries, we lack data about the role of horses and horse people in our economy and society,” says Coulter, recipient of Brock’s 2017 Chancellor’s Chair for Research Excellence.The survey — aimed at grooms, stable owners and operators, and any other current or former workers in the industry — is part of a larger research project that will lay the groundwork for developing strategies that would “improve the lives of people and horses,” explains Coulter.“The research is multi-dimensional and involves field research, interviews and policy analysis. The survey component is important because it allows me to hear from more people who are geographically spread out in small workplaces.”The anonymous survey takes about 20 minutes and can be found at equinework.caIt includes questions about the demographics of workers and their working conditions, workplace experiences and challenges, and human-horse relationships and well-being.“Caring for horses is deeply rewarding, but also difficult and undervalued work,” says Coulter. “People must perform physically demanding tasks in all types of weather and simultaneously be attuned to the intricacies of horses’ bodies, minds and ways of communicating. It takes skill, knowledge and empathy.”A 2008 study by the Ontario Ministry of Agriculture, Food and Rural Affairs estimated the annual economic impact of the horse industry in Ontario at around $675 million, with the economic impact in Niagara being $15 million annually.Coulter’s past human-animal research has resulted in breakthrough studies, such as her work in 2016 with a University of Windsor colleague which reported that Ontario Society for the Prevention of Cruelty to Animals enforcement officers are underequipped compared to their police service counterparts and face many instances of disrespect on the job.Coulter’s innovative research has earned her global acclaim. She was recently inducted into the Royal Society of Canada’s College of New Scholars, and this summer she will be a keynote speaker at a conference on human-horse relations in England, where she will also be handing out the Solidarity Prize for Excellence in Early Career Equine Research, an international award she developed.At Brock, Coulter supports graduate students with humane jobs fellowships, teaches the Department of Labour Studies’ unique Animals at Work course, and uses the author royalties from her book Animals, Work, and the Promise of Interspecies Solidarity to support an undergraduate student award.“In Labour Studies, we are committed to scholarship that promotes social justice,” Coulter says. “More and more people are recognizing that real social justice includes other species.” read more

Theresa May announces full public inquiry into Grenfell Tower fire

first_imgPrime Minister Theresa May announces a full public inquiry into Grenfell Tower fire after visiting the scene of the blaze earlier today. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings.last_img

Aluminium Macquarie Commodities Research asks can it be all bad

first_imgIn China, the NDRC has announced a RMB0.028/kWh ($0.04/kWh) power tariff rise for non-residential use. The rise in power costs for the Chinese aluminium smelters that buy power from the grid (accounting for ~45% of Chinese production) highlights the main bullish argument for aluminium prices over the medium term – the outlook for rising costs (particularly energy). While the supply/demand fundamentals for aluminium are clearly weak, rising demand and costs look set to support prices over the medium term.How did marginal costs in Chinese aluminium look prior to the changes in tariffs? Macquarie’s estimates of Chinese aluminium costs suggests the marginal producers purchasing power from the national grid have total costs of around $2,000-2,050/t (this is affected by changes in grid power costs), while those marginal producers with self installed power has total costs of some $1,800-1,850/t (this is unaffected by power grid changes). The split of aluminium production in China coming from self generated power sources and coming from the grid is around 55% (self generated) to 45% (grid).Macquarie’s calculations show that the tariff increases will add around $40-60/t ($0.02-0.03/lb) to cash (and total) costs of production to those producers buying from grid. So cash costs up to roughly $2050-2100/t for marginal producers purchasing power from the grid. For reference, ex-VAT the Chinese aluminium price is currently trading around $1,950/t. So at current prices most but not all Chinese capacity is profitable. Nonetheless Macquarie expects production and capacity utilisation will continue to ramp up into the Chinese New Year and through 2010 to meet an anticipated continuation in strong growth in Chinese demand.Partly reflecting the outlook for strong Chinese production growth, aluminium appears to have the weakest fundamentals of all the base metals. Indeed, there is an overhang of aluminium production capacity and stock – capacity utilisation globally is still only around 80%, western world stocks are ~17 weeks of western world consumption, Chinese stocks have risen from 250,000 t in 1Q09 to 520,000t at November 19 (ex-SRB) – and Macquarie’s own forecast that the aluminium market is set to be in small surplus over the next 3 years.Macquarie notes that “despite this, one of the most common questions we get it is whether there is anything to substantiate a more bullish aluminium price view?” Having noted the bearish factors in the aluminium market above, the main potential for upside risk to aluminium prices over the next two to three years is the potential for increases in the marginal cost of production. Using the Brook Hunt, Macquarie says “we can see that the 3Q09 cost curve could conceivably shift back up towards its mid- 2008 level / shape, as demand and costs of production rise into the global recovery. Indeed, our own estimates in 2008 put the marginal cost of Chinese output at up to $2,600-2,800/t.“It is unlikely that production costs for higher cost producers (alumina, carbon anode, coal/power) will return to 2008 peak levels anytime soon, however, cost increases over the next two to three years would see today’s prices strongly supported. This is without making assumptions about potential RMB appreciation, which would most likely shift the third and fourth quartiles of the curve higher in particular.”The medium term cost growth argument is the one of few that can be reasonably used to explain the continued wide contango in the aluminium forward market (which has surprised many given it has remained wide despite a 60% increase in near dated prices).In summary, there appears to be ample supply of aluminium to come online – China has demonstrated its ability to bring on capacity over the past five years, and there is substantial spare capacity both in and outside of China – as well metal to come out of financing deals (subject to warehouse delivery constraints) over the next one to three years. However a strong global demand recovery could see the size of the aluminium market rise to as big as 42-45 Mt by 2011/12, with potentially higher input costs and potential RMB appreciation combining to mean a higher marginal cost of supply is needed to satiate demand, putting a floor under aluminium prices over that time period. So while Macquarie still believes copper has stronger exposure to a global economic recovery, “it’s not all bearish for aluminium over the medium term.”last_img read more

10 pieces of insufferable tech jargon we must destroy

first_imgTECHNOLOGY IS A booming sector, and people just love to talk about the latest app, gadget, billion dollar micro-payment company… yeah.But sometimes, just sometimes, it can feel like the latest sleep monitoring app is being described as the new Messiah.Here are ten words that just need to not exist in the context of tech, ranked from least to worst in feelings of hateful resentment.10. StartupLet’s start with the basics. Originally, startup was used to describe a newish tech venture searching for a business model, now it’s basically any company that’s ‘starting up’. We here on earth say ‘company’. Source: jakeandlindsay9. ContentSo this is just everything on the internet. It would be helpful to be more specific instead of repeating content while everything around you slowly burns. Anyone caught pandering to the phrase ‘content is king’ is immediately dismissed from creating any. That doesn’t count.8. IterationA fancy word for improving, makes founders seem like they’re not just being excessively picky. Basically, it wasn’t good enough the first time so we’re changing it… again. Source: tedeytan7. GamificationIt means breaking things down into simple steps with simple rewards at the completion of each step. So basically, this app thinks you’ve got the willpower of a hyperactive child. Source: elPadawan6. Growth hackingUnforgivable. Sounds like some kind of pill distributed to young people to make them grow faster, when in fact, this just means ‘selling’. In fact, the use of hacking in general needs to be seriously regulated. Posting a status to someone who left their Facebook signed in aint hacking. Source: woodleywonderworks5. DisruptWhen every new tech innovation is tipped to ‘disrupt the area’, how is the area not just one massive disruption? Basically this company isn’t the exact same as every other company in the industry. Source: Shutterstock4. Coding ninjasNo. Stop using these in job descriptions. The tech industry is not this gas. No industry is.Here’s our expectation of a coding ‘ninja’: Source: ShutterstockBut here’s an actual programmer: Source: dumbledadA social media rockstar? Source: ShutterstockActual social media manager: Source: jameskm033. The cloudWhat even IS the cloud? Everyone with a phone or laptop constantly refers to it but basically no one knows what it is. Source: ShutterstockIt’s the little cloud icon with my stuff in it, grand. Source: karindalziel2. MonetiseSo this new website’s business plan is to monetise this thing, to make money out of it. That’ll be a business then. Source: Iain Farrell1. Data miningImmediately spawns images of sweat-shop style conditions, workers hacking away at mines full of data. Precious data.Let’s just agree to say ‘collecting’ and let us all get on with our days. Source: Jurvetsonlast_img read more

Howlin I am going to work away until somebody tells me that

first_img“Every person who was a member of the government for the last three years can be proud of what they have done to rescue this country from absolute peril.”He said that the discussions between the Taoiseach Enda Kenny and new Tánaiste Joan Burton are focused on the social side of the recovery.He explained: “So rather than who does what, it’s what is to be done to ensure that everybody appreciates and feels in their pocket that we have progressed.”The Labour TD said there has to be a “dividend” for the Irish people from the nascent economic recovery.- with reporting from Órla Ryan and Michael Sheils McNamee at Government Buildings The Last Waltz: Cabinet to meet today, likely for the last timeGet smart fast: Here are the 9 things you need to know about the imminent Cabinet reshuffle Source: Video TheJournal.ie/YouTubeBRENDAN HOWLIN HAS said that he is not sure if the imminent Cabinet reshuffle will take place today but has stressed that it’s more about policies than who gets what portfolios.The Public Expenditure and Reform Minister is widely expected to remain in his job but said today it was not matter for him if he is shuffled elsewhere.“I am going to work away until somebody tells me that I shouldn’t,” he told reporters at the Department of Finance this morning adding that he expects decisions in “the next day or two”.He said that “what’s in store for any of us tomorrow is in other people’s hands” but stressed that everybody in government can be proud of their achievements.last_img read more

AMD Fusion ASeries chips get official shipping soon in 150 systems

first_imgAMD has recently started regaining the swagger it had back in the early days of the Athlon 64, due in no small part to its Fusion APU offerings. The budget-minded chips and their integrated CPU and GPU muscle have helped AMD challenge Intel on traditional notebooks, thin-and-light models, and even a handful of tablets (like the Acer Iconia 500W).Now AMD has gotten official with its latest generation of Fusion APUs, the A-Series. The new chips — based on a 32nm process instead of the older 45nm — offer increased power savings, USB 3.0 support, DirectX 11 compatibility, and full 1080P and 3D video support. Clocks speeds up to 1.9Ghz are available — which  can be temporarily boosted as high as 2.5Ghz thanks to Fusion’s Turbo Core technology — and TDPs are 45W or less across the line-up. Thanks to AMD’s powergating feature, the new Fusion APUs can squeeze out up to ten and half hours of battery life.The dual-core A-series is positioned against Intel’s Core i3 processors, while higher-end quad core offerings will take on its i5 and i7 chips in mainstream notebooks and desktops. AMD isn’t shy about making comparisons, either, saying that the A8-3510MX quad offers a full three and a half hours more battery life than Intel’s Core i5 2410-M. AMD’s releases are also trumpeting software partnerships, with big names like Sony, Microsoft, Vudu, and CyberLink getting on board with A-Series enhanced offerings.So, when can you get your hands on the AMD A-Series APU?  Soon, and you’re not going to have to shell out a whole lot of cash, either. AMD says more than 150 desktops and laptops are on the way, and expected price points are $499 for A4 systems, $599 for A6, and $699 for the top-end A8.last_img read more

Magenta Theater aims to raise its profile

first_imgSomewhere out there, maybe in between the devil and the deep blue sea, is Vancouver’s homegrown Magenta Theater.Loyal fans know where it is: just to the left of The Source Climbing Center, which boasts big, impressive lettering on a big, impressive facade. But telling patrons to find the theater by looking for the towering sign on the business next door is not ideal. Magenta’s volunteers worry that their anonymous-looking storefront, which hides a large performance space and room for an audience of 150, remains a secret kept too well.Something for everyoneToo many people still don’t know, they say, that downtown Vancouver has its own busy, vital community theater that hosts a full season of people-pleasing comedies, mysteries and musicals — plus improv comedy, “Black Chair” dramatic readings, live storytelling events and the occasional special concert.“We’ve been in our new location for more than a year, but we get feedback all the time about how hard it is for new patrons to find us” without some pretty huge letters over Magenta’s door, founder and artistic director Jaynie Roberts said.Ideally, those letters would be on a old-fashioned, lit-up, marquee-type sign. It could be a basic reader board, according to Magenta publicist Francine Raften, or it could be something grander that extends over the street, like the Kiggins Theatre’s marquee. Either way, it needs to be extremely noticeable.Hard to picture another big marquee over Vancouver’s Main Street? Then picture this: coming to town to raise money for the estimated $15,000 project are legendary lounge singers Peggy Lee and Frank Sinatra. Or, as they’re known to local friends, Linda Lee Michelet and John Gilmore.last_img read more

AIRPORT REOPENED after the day helping school with fire

first_imgFacebook Twitter Google+LinkedInPinterestWhatsAppProvidenciales, 29 Jan 2016 – JAGS McCartney International Airport had been shut down all day because the aerodrome fire team was busy putting out the fire at HJ Robinson High in North Backsalina. Up to 3pm, no flights had landed in the Capital because it is against both FAA and CAA standards to run an international airport without the fire team on site. This predicament was costing the country, creating tremendous inconvenience and exposing the fact that there is no domestic fire department in the nation’s capital. The PDM in a media release is calling on Government to hold an emergency session of the House of Assembly to pass funding for a full fire service in Grand Turk. The Turks and Caicos Islands Airports Authority this morning issued alert of the closure and said flight operations in Grand Turk will resume when they are no longer needed in the community. At 3:18pm notice came that the JAGS McCartney reopened. Long Island fire extinguished Recommended for you Related Items:Fire, HJ robinson high school, jags mccartney international airport, re-opened Facebook Twitter Google+LinkedInPinterestWhatsApp Breaking: Fire at Providenciales’ Dump FIRE AGAIN in Grand Turk; underscores urgency for Fire Deptlast_img read more

Government announces plans to protect workers rights postBrexit

first_imgOn Wednesday 6 March 2019, the government announced that following the UK’s exit from the European Union (EU), it will ensure that the standard of workers’ rights will not be reduced, and that new EU laws will be considered for adoption into UK legislation.In a report titled Protecting and enhancing worker rights after the UK withdrawal from the European Union, presented to Parliament by Greg Clark MP, secretary of state for Business Energy and Industrial Strategy, the government announced that Parliament will be given the right, through the Withdrawal Agreement Bill, to consider and vote on adopting any future changes to EU law that strengthen workers’ rights or workplace health and safety standards.To do this, Parliament will be provided with regular updates on EU legislative developments. In the process of preparing these reports, trade unions, businesses and relevant select committees will be consulted with.Prime Minister Theresa May said: “We have as a country led the way in workers’ rights while maintaining a flexible labour market. The enormous success of our jobs market and the wealth of opportunities for workers across the nation have long been underpinned by the policies and standards that exceed the minimums set by the EU and that has been driven by successive governments of all parties.“After Brexit, it should be for Parliament to decide what rules are most appropriate, rather than automatically accepting EU changes. When it comes to workers’ rights, this Parliament has set world-leading standards and will continue to do so in the future, taking its own decisions working closely with trade unions and businesses.”Two EU directives, which will come into force following the UK’s projected leave date, will be the first to undergo this process. The Work Life Balance Directive introduces new rights for parents and carers, including two months of paid leave for each parent until a child is eight, and five days of leave for individuals caring for sick relatives. The Transparent and Predictable Working Conditions Directive ensures that terms of employment are set from an individual’s first working day.The government voted in favour of both directives in the European Council, and intends to put to parliament the option of adopting them into UK law.This commitment to retaining workers’ rights post-Brexit is being marked as a continuation of the Good Work Plan, announced by Clark in December 2018. This aims to provide an upgrade to workers’ rights, including day-one statements setting out entitlements and pay, and ending the legal loophole that allows organisations to pay agency workers less than permanent staff.On 6 March 2019, secondary legislation on these measures was debated in the House of Commons, including quadrupling maximum employment tribunal fines.Clark said: “While the EU sets minimum requirements in many areas of workers’ rights, time and again the UK has led the way and chosen to exceed them. We are determined to maintain this record of leadership outside the EU.“Yet it is a fact that some people felt that the rights of workers would not be adequately addressed, so as part of the Withdrawal Agreement Bill we will ensure Parliament is given a vote on the action government will take in response to changes to EU legislation on workers’ rights.”Another aspect of the government’s stated commitment to sustaining and improving workers’ rights is the proposed consolidation of a range of enforcement bodies.Currently, the national minimum and living wages are enforced by HM Revenue and Customs, exploitation and illegal activity is investigated by the Gangmasters and Labour Abuse Authority, and agency workers’ rights are protected by the Employment Agency Standards Inspectorate. The government aims to form a single labour market enforcement body to bring these powers together.Ben Willmott, head of public policy for the Chartered Institute of Personnel and Development (CIPD), said: “We welcome this commitment to ensure that UK employees are treated fairly at work and benefit from the highest standard of employment rights and protections. CIPD research has shown that employers are supportive of the existing employment rights framework, recognising that it strikes the right balance between worker protections and businesses’ need for flexibility.“It’s vital that the existing rights framework isn’t watered down after the UK leaves the European Union, and we welcome the government’s commitment to work with businesses to shape future policy in this space.“However, the challenge isn’t just about introducing new protections. Better, more joined-up enforcement of existing employment rights is crucial to creating fairer workplaces. The proposal for a single enforcement body should help to deliver this.”Jason Moyer-Lee, general secretary for trade union IWGB, said: “Brexit is fundamentally an anti-worker project, and the Prime Minister’s announcement today does nothing to change that.“Saying Parliament can consider new worker rights is a non-offer and doesn’t come anywhere near the protection workers currently enjoy while we are in the EU. History will not judge kindly any Labour MP who gives today’s pathetic announcement as a reason for voting through the PM’s Withdrawal Agreement.”last_img read more

1 dead 1 injured after car strikes Miami Gardens bus stop

first_imgMIAMI GARDENS, FLA. (WSVN) – A person was killed and another was rushed to the hospital after, officials said, a car slammed into a bus stop in Miami Gardens after colliding with another vehicle.Miami Gardens Police and Miami-Dade Fire Rescue responded to the scene of the crash near Northwest 33rd Court and 171st Street, Friday night.Investigators said the impact from the collision sent one of the cars crashing through the bus stop, striking the adult victims.One victim was pronounced dead at the scene.Paramedics rushed the surviving victim to an area hospital in an unknown condition.The crash remains under investigation.Please check back on WSVN.com and 7News for more details on this developing story. Copyright 2019 Sunbeam Television Corp. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.last_img read more

Where Google Misses the Mark for Premium Publishers

first_imgI love Google. I believe it to be one of the greatest American businesses ever launched. For the last dozen years, I have been a partner as well as competitor to Google. I have seen firsthand the incredible breadth of engineering talent and resources they bring to the market. As a publisher, I was a long-time customer of syndicated Google search advertising as well as embedded, contextual text advertising.Google is brilliant at serving and monetizing text advertising. Whether done on the search result page or via contextual mapping to page level content into a dedicated module, these are solutions that no publisher can directly offer. These are solutions based on mapping scale of advertisers to scale of potential keywords, something no individual publisher can possibly replicate. The money generated from these placements is incremental and does not compete with the publishers’ own direct efforts to sell a similar product.Display is a different ballgame. A premium publisher’s core business is in selling a high-value display placement into their curated environment at a premium price. While programmatic buying is surely challenging the value of this model, it still represents a significant market with hundreds of top-tier brand marketers placing value on the age-old premise of the right ad delivered to the right individual in the right environment. Google’s core display product undercuts this model in damaging ways. Google will serve what its algorithm perceives to be the best possible ad at that given moment. It does not discern the appropriateness of the ad content itself or the economics involved. This often defaults to the lowest common denominator served into a premium display position—a text ad, from a direct response marketer, sold for less than 10 percent of what the publishers’ direct sales force is trying (and succeeding ) to get for that same inventory.This is particularly damaging in emerging areas like mobile. Because most premium publishers don’t sell their mobile inventory yet, you often see Google text ads appearing in prime display mobile real estate. Because many of these publishers are using DFP as their first party ad server, Google wisely makes it very easy for them to automate their Adsense backfill.Here is the prime example. This is a screen shot of The New York Times mobile home page from a few months back. The NYT has not sold this position so it defaults to a backfill solution from Google. This is what served: Now I’m an old digital guy and still view the home page of the NYT as a very premium buy. I see top 50 brands paying top dollar to get that position. Google has done a great service to the Counseling Anxiety in Miami advertiser. I wonder if they even know they owned the homepage of the NYT. For the NYT, this is a horrible result. Never mind the poor quality of the ad content and how that sullies the environment for the reader; I’m not sure how their sales team can go to market selling the exclusivity of the placement to their top-brand advertising partners when this is what’s running there.So what can you do if you’re a premium publisher with lots of unsold inventory?1. Put the right resources in place to sell it yourself, and in the way it needs to be sold—as a high-value, high-impact display unit.2. Work with specialist networks that focus on premium inventory and premium brands.3. If you’re going to backfill, do it via an SSP (Pubmatic, Rubicon, or even AdMeld, which Google owns), where more competition for the inventory should produce better ads and better economics.4. If you’re going to just run Google ads, then have somebody at the switch watching to make sure there are minimum standards of ad content quality and yield.Don’t get me wrong; Google is a great and critical partner to the publisher and would be the first to point out they give the publisher control to manage their inventory. The reality is that most publishers don’t have the resources to do this, so they default to something that in the long run undermines their business.    Be smart. Protect the premium value of your brand and inventory.last_img read more

McConnell Presses Negotiating Partners to Reach Comprehensive TwoYear Budget Agreement

first_imgSenate Majority Leader Mitch McConnell (R-Ky.) said Tuesday he continues to seek a comprehensive two-year budget agreement that would lift the debt limit and set fiscal 2020 federal spending before the August congressional recess to avoid a potential mid-September government default and Oct. 1 shutdown.“We’ll be trying to reach an agreement soon because the House is only in for three more weeks and time is running out,” McConnell said at a news conference.Agreement by the Democrat-led House, the GOP-led Senate and the White House on a comprehensive deal is necessary to avoid the need for a stopgap funding measure and short-term debt relief.“It’s time to get serious on a bipartisan basis,” McConnell said.House Speaker Nancy Pelosi (D-Calif.) on Tuesday didn’t rule out a vote on a debt limit increase before the August recess, though she stressed raising nondefense spending caps for fiscal 2020 is still essential to negotiations, according to Roll Call.“Let’s see how the conversations go,” Pelosi said. “We certainly do not want any thought of default on the part of the full faith and credit of the United States of America.”The primary sticking point remains over Democratic calls for increased nondefense spending that Republican leaders oppose, according to the report.Democratic leaders have sought $647 billion for nondefense discretionary spending in fiscal 2020 while the White House has sought to abide by a 2011 deficit-reduction law which called for $543 billion in nondefense spending.The $100 billion nondefense spending difference and disputes over Democrats’ preferred $733 billion defense spending topline and Republicans’ preferred $750 billion topline has stymied negotiations for months.Timing for an agreement is compressing rapidly as Congress is scheduled to be in recess for the month of August and the first week of September.Marine Corps photo by Lance Cpl. Tia Dufour ADC AUTHORlast_img read more

VW has no plans for plugin hybrids in the US as it

first_imgChevrolet CorvetteMoving up from the 10th-place slot last year is the 2019 Chevrolet Corvette. While we’ve all been ogling the new mid-engine Corvette, it’s easy to forget what a performance bargain the current-generation ‘Vette is. From the base trim to the Grand Sport to the bonkers ZR1, the Corvette is an American icon.My preference is for the Grand Sport, which strikes a perfect balance between everyday drivability and canyon-carving performance. The 6.2-liter V8 puts out 460 horsepower and 465 pound-feet of torque. You can get it with a seven-speed manual or eight-speed automatic transmission, but the kicker is the borrowed chassis and aero parts from the beefier Z06. Like I said, perfect balance. The Corvette is made in Bowling Green, Kentucky. Volkswagen’s ID Crozz looks electrifying in red 2020 BMW M340i review: A dash of M makes everything better 68 Photos 36 Photos 2020 Hyundai Palisade review: Posh enough to make Genesis jealous 2020 Kia Telluride review: Kia’s new SUV has big style and bigger value 2019 GMC Sierra Denali review: So close to greatness 2019 Acura MDX adds new features and an A-Spec model Jeep CherokeeKeeping its top-of-the-list placement, the Jeep Cherokee is 2019’s most American-made car. Refreshed for 2019, the compact crossover now features more tech, better cargo space and a slightly tweaked look. It’s available in no fewer the nine trims, including the off-road specific Trailhawk and a fancy-pants Trailhawk Elite.For 2019, the Cherokee gets a new 2.0-liter, turbocharged, four-cylinder engine with 270 horsepower and 295 pound-feet of torque, though naturally aspirated I4 and V6 choices are also available. Regardless of engine, a nine-speed automatic transmission gets the power to the pavement — or dirt as the case may be. The Cherokee is made in Belvidere, Illinois. 26 Photos 49 Photos Acura MDXMoving up one slot to sixth place on the American Made Index is the non-hybrid variant of the Acura MDX. With its SH-AWD system, the MDX is one of the better handling midsize luxury crossovers, and for 2019 the company gives us the A-Spec treatment with a new front fascia and side skirts, 20-inch wheels, wider exhaust tips, unique gauges, a new steering wheel, carbon fiber trim and various Alcantara interior touches.However, both the standard and A-Spec models get a 3.5-liter V6 engine, rated for 290 horsepower and 267 pound-feet of torque going through a nine-speed automatic transmission. The Acura MDX is made in East Liberty, Ohio.  2019 Honda Ridgeline review: Light duty, heavy punch 71 Photos Tags 2019 Acura RDX A-Spec: Sharp handling, sharper looks 2019 Chevy Colorado ZR2 Bison: An off-road animal 18 Photos Share your voice 2019 Honda Ridgeline: The commuter’s pickup truck 69 Photos 81 Photos Volkswagen Acura RDXThe third-generation Acura RDX squeaks into the top ten list with larger proportions, plenty of interior space and better handling than its predecessor. Forward collision warning with collision mitigation braking, adaptive cruise control that works even in low-speed traffic, lane-keeping steering assist and road departure mitigation are all standard across the board. Like its MDX counterpart, the RDX is available with the A-Spec styling package.The RDX sports a 2.0-liter, turbocharged, four-cylinder engine. Output is stated at 273 horsepower and 280 pound-feet of torque, and it’s mated to a 10-speed automatic transmission. The new RDX is built in East Liberty, Ohio. General Motors Chevrolet Honda Jeep Acura 2019 Chevrolet Corvette Grand Sport loves to hustle Honda PassportThe Honda Passport is a new (well, reborn) entry to both the Honda lineup and the American Made Index. This midsize crossover comes to the fray with great driving dynamics and plenty of tech like the standard Honda Sensing suite of active safety features. An available 8-inch touchscreen gets Apple CarPlay and Android Auto as well as a Wi-Fi hotspot.Under the hood is the stalwart 3.5-liter V6 producing 280 horsepower and 262 pound-feet of torque. However unlike the Ridgeline, the Passport sends that power through a nine-speed automatic transmission. Having said that, just like the Ridgeline, this is the only powertrain available. The Honda Passport is built in Lincoln, Alabama.center_img 2019 Honda Pilot Elite: A smoother, tech-rich crossover SUV 2019 Honda Odyssey offers plenty of room and features for families GMC CanyonIf you’re looking for a slightly fancier version of the Colorado that’s more focused on luxe than dirt, check out the GMC Canyon. The top Denali trim gets standard heated and ventilated front seats as well as a heated steering wheel. Maximum payload capability is 1,665 pounds while max towing is a fairly healthy 7,600 pounds.The Canyon is available with the same 2.5-liter four-cylinder engine, 3.6-liter V6 or 2.8-liter diesel as the Chevrolet Colorado. It’s also built in Wentzville, Missouri. Electric Cars Hybrids Comment More From Roadshow 2019 Honda Passport: A well-rounded midsize offering 2019 Chevrolet Colorado ZR2 Bison: A tougher off-roader 1 Honda OdysseyThe feature-rich Honda Odyssey minivan also retains its number-two slot from last year’s list. While the 2019 model doesn’t see any changes from last, it’s still a darn good choice for families on the go with reconfigurable seats, Wi-Fi and an excellent rear-seat entertainment system. The Cabin Watch video system lets parents keep an eye on their little darlings without turning around in their seats, while Cabin Talk amplifies their voice so no yelling is required.The Odyssey is powered by a 3.5-liter V6 rated for 280 horsepower and 262 pound-feet of torque. Most trims get a nine-speed automatic but the top Touring and Elite trims now use a 10-speed automatic with stop-start technology. The Honda Odyssey is made in Lincoln, Alabama. 2019 GMC Canyon: A fancier Colorado Honda RidgelineAgain keeping the status quo, the Honda Ridgeline maintains third place on the American Made Index. This crossover-that-looks-like-a-truck provides a better ride than a traditional pickup and gets an awesome lockable trunk right in the floor of the bed. And it doesn’t do the truck stuff too badly, either, as it’s able to carry 1,860 pounds of payload and tow 3,500 pounds.The Ridgeline is powered by a 3.5-liter V6 good for 280 horsepower and 262 pound-feet of torque. That is channeled through a six-speed automatic transmission with available all-wheel drive. It’s built in Lincoln, Alabama. Share your voice 52 Photos Tags Volkswagen,Enlarge ImageIt’s all in a day’s work for the Jeep Cherokee, the most American-made car in 2019. Jeep With high trade tensions looming and increasing talk of tariffs, more and more consumers are looking to buy American. Cars.com has released its annual American Made Index, showcasing companies that use the most American-sourced parts and labor in their vehicles. The results may surprise you.Cars.com analyzed more than 100 US-built vehicles for five key data points: manufacturing location, parts sourcing, US employment, engine sourcing and transmission sourcing. You might think something like the Ford F-150 would top the list, but it drops from its No. 5 spot for 2018 and out of the top 10 completely. Even the first-place holder, the Jeep Cherokee, is a pretty global product. It’s a Jeep, sure, but that brand is part of Fiat Chrysler Automobiles, an Italian-owned business.Cars.com surveyed 1,000 people and found that half are concerned about automotive import tariffs, with 41% saying they are unsure if tariffs would make them more likely to buy American. Either way, we’re big fans of all the vehicles on this list. These days, buying American doesn’t necessarily mean sticking with a US-based automaker. Chevrolet ColoradoMaking its debut in the top 10 is the Chevrolet Colorado. Shown here in the tough ZR2 Bison off-road spec, the Chevy Colorado is an excellent truck and one of the two midsize pickups you can get with a diesel engine. Adding to the ZR2’s two-inch lift and front and rear locking differentials, the Bison gets beefier skid plates (trust me, that’s a good thing), steel bumpers and integrated recovery points. Heck, you can even get a snorkel.Base models get a 2.5-liter four-cylinder engine with a six-speed manual transmission, but a more popular choice is the 3.6-liter V6 gas engine with 308 horsepower and 275 pound-feet of torque, mated to an eight-speed automatic transmission. Meanwhile, the 2.8-liter diesel pumps out 186 horsepower and a delicious 369 pound-feet of twist and is mated to a six-speed automatic. The Chevy Colorado is built in Wentzville, Missouri. More From Roadshow 2019 Jeep Cherokee can handle the rough stuff Honda PilotDropping down to seventh place for 2019 is the Honda Pilot. Like its two-row Passport sibling, the three-row Pilot offers parent-focused technology like Cabin Talk as well as myriad standard driver-assistance features through the Honda Sensing tech suite. Honda’s largest crossover offers up nearly 84 cubic feet of cargo space. Honda’s 3.5-liter V6 engine shows up again, making a serviceable 280 horsepower and 262 pound-feet of torque. Touring and Elite trims get a nine-speed automatic transmission while lower trims have to make do with a six-speed auto. The Honda Pilot is made in Lincoln, Alabama. 10 Photos 4 The ID Crozz, shown in concept form, will be the first of VW’s new EVs to come to the US market. Volkswagen A few years ago, it seemed like every automaker was talking about plans to bring plug-in hybrid (PHEV) cars to market. After all, they seemed like a good compromise, offering short-range electric mobility for the city, while packing a gas engine to assuage any range anxiety about battery life. But for Volkswagen, plug-in hybrids are a thing of the past: The automaker will focus on all-electric cars and has no plans for any PHEVs in the US market.”It’s a bridging technology,” between internal-combustion and full-electric cars, Matthew Renna, Volkswagen North America Region’s vice president of e-mobility, told journalists in Chicago on Thursday. “It’s very cost-prohibitive to have two different powertrains on one platform.”It’s important to note that Renna’s statement applies only to the VW brand in the US. He said that other Volkswagen Group brands, such as Porsche, could still sell PHEVs, and that Europe or other markets might also pursue the technology.Volkswagen has made no secret of the fact that its future involves launching a range of battery-electric cars on its new MEB platform. The cars, which so far have been called the ID family, will be built at multiple factories around the world, including at an expanded facility in Chattanooga, Tennessee. The first ID-family electrics should arrive at the end of next year as VW aims to make EVs cars, “For millions, not millionaires,” Renna said.To that end, Renna promised that Volkswagen will sell the electric cars in all 50 US states. Some affordable EVs have launched only in so-called ZEV states — California and other states with specific mandates requiring the sale of electric cars — or regions with existing high EV sales. But VW intends to offer the new models as widely as possible.”The plan is to sell nationwide,” Renna said. “The goal is a nationwide roll-out ASAP.” Comments Car Industry 12 Photoslast_img read more

PR Government College principal gets best service award in

first_imgKakinada: Principal of PR Government Degree and PG College (Autonomous) Dr C Krishna was awarded best service award at the 73 Independence Day celebrations at police parade grounds here. Dr Krishna in the last 27 years of service served across the state in Kadapa district, at Razole in East Godavari. Presently, he is principal of the prestigious and 150-year-old institution. PR educational institutions were established by Pithapuram Rajas way back in the year 1857 as mark of promotion of education in these areas. Also Read – PV Sindhu visits Tirumala temple Advertise With Us The major achievements of Dr Krishna as principal are to get NACC B-plus grade for the autonomous college in the year 2016 from the earlier B grade in the year 2011. A year later in 2017 the college was awarded with NACC – A grade. Extension of guide facilities for research scholars besides starting several PG courses is another achievement. Besides taking care of PR College, Dr Krishna holds additional charge as principal at Government Degree College at Perumallapuram in U-Kothapalli mandal of East Godavari to the best of his ability.last_img read more

Who will win ICC World Cup Captains pick their favourites ahead of

first_imgThe ICC World Cup 2019 has well and truly begun. The different captains addressed a press conference ahead of the campaign and answered a host of questions. The biggest question which was asked, revolved around the side which would go ahead and win the World Cup. While the captains conceded that it would be a very closely contested tournament, they all pretty much believed that England is the favourites. This is what the different captains had to stay at the press conference: Captains pose with the ICC Cricket World CupICCAaron Finch, Australia captainThe Australian captain welcomed both David Warner and Steve Smith back in the fold and believed his side is very confident about defending their title.”I think, England has been in great form over the last couple of years and along with India, they’ve probably been the standout performers. So you’d have to say England are definitely the favourites.”Virat Kohli, India captain: Virat KohliHannah Peters/Getty Images”The way I look at it, there’s always going to be a huge fan-base for us anywhere we play in the world. But I have to agree with Aaron, I think England is probably – in their conditions – the strongest side in this tournament.He further added, “But I also agree with Morgs, that all ten teams are well balanced and strong. The fact that this is a tournament where we have to play everyone once, makes it all the more challenging. I think that’s going to be the best thing about this tournament, I see this as probably one of the most competitive World Cups that people are going to see.”Eoin Morgan, England captainEngland skipper Eoin Morgan said, “I don’t think anyone is head and shoulders above anyone else. These are the ten best teams in the world, it will be extraordinarily competitive and some quality cricket will be played so we are really looking forward to it.””Every captain sitting here would lose their left leg to play in a World Cup final at the home of cricket. It’s something every one of us would have dreamed of as a kid. We are as best prepared as we can be. We just want to play that first game now,” Morgan added.Faf du Plessis, South captainThe South African captain wants to be the first skipper to lead his side to the finals of this marquee event and wants his side to play with a lot of freedom on the day. He also believed that the bowlers of the different sides hold the key and they might well be the difference at the end of the day.”We are all really excited to try out this new tournament, to play every once I think is great. The way we use our resources will be vital, but every team has match winning bowlers that will have a big say in the successes of the side.””I think the bowlers will win it, the teams still in it towards the end of the tournament will be the teams that have done really well with the ball,” du Plessis said.Sarfaraz Ahmed, Pakistan captainThe Pakistan skipper sounded confident about his side being able to replicate the performance of the 2017 Champions Trophy.”All the teams are really balanced. I think people are going to watch some great cricket. Since winning the World Cup in 1992, making the final in 1999 here in England and the Champions Trophy in 2017, we are confident we will do well,” Sarfaraz said.Kane Williamson, New Zealand captainBack in 2015, New Zealand stumbled in the final against Australia, but the skipper is hopeful that his side can lay their hands on the coveted trophy this time. “There are a few guys in the squad from the last World Cup, which is great. But four years in between means there are a lot of new players. There have been talks about rankings, favourites, underdogs but what stands out is how balanced it is. Which means anything can happen on the day, which is so exciting,” Williamson said.Jason Holder, West Indies captainWest Indies are widely tipped to be the team to watch out for and the skipper believes this format allows his side to give it their best shot.”It is a very exciting format. In the past, you could play five or six games, and that could be it. To play every side is great for us. We worked hard in the qualifiers to get here, which means we are in the top ten in the world, we want to play them all and give ourselves a shot. The team that wins will definitely deserve it.”Dimuth Karunaratne, Sri Lanka captainSri Lanka appointed a new skipper in Dimuth Karunaratne just before the World Cup and the captain believes his side is in good shape since they came early to acclimatise to the conditions. “We have great experience in England, we came here early to get used to the conditions and we are in good shape, hoping to do our best. It is not going to be easy though. We are confident and we will take each game at a time.”Gulbadin Naib, Afghanistan captainPerhaps the most exciting team in the competition, Afghanistan can be giant slayers on any particular day and the new skipper wants his side to enjoy themselves in front of packed houses.”We are excited to be here, in front of the cricket world and to play the best teams. To represent Afghanistan in the World Cup feels great and we are looking forward to it. There will be a huge audience at home in all the different provinces. Cricket is not just a sport now, in Afghanistan it has become something else.”Mashrafe Mortaza, Bangladesh captainWith a good mix of youth and experience, Bangladesh looks like a settled unit and can be a threat in this format and this is what their captain Mashrafe Mortaza is banking on.”We have got a great bunch of boys, a good mix of seniors and juniors coming on. Cricket is a game that anyone on their day can beat anybody. If we start well we can hang in there. We are confident that we will do well, but a lot depends on the start,” Mortaza said.last_img read more