Coronavirus pushes Santander to €11bn loss

first_img whatsapp The bank’s share price fell 2.1 per cent to 184p in early trading as investors balked at the blow to profit. And UK chief executive Nathan Bostock warned the economic outlook has worsened since the first quarter. Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndoDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyUndoDefinitionThe 20 Worst Draft Picks Ever – Ryan Leaf Doesn’t Even Crack The Top 5DefinitionUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoBleacherBreaker41 Old Toys That Are Worth More Than Your HouseBleacherBreakerUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoautooverload.comGoogle Street View Photos Before They Got Censoredautooverload.comUndoGloriousaMan Says He’s From 2030, Presents ProofGloriousaUndo (Getty Images) Santander suffered a record loss of €11bn (£10bn) in its latest half-year, it revealed today, as coronavirus provisions tanked its bottom line. Underlying profit before tax halved to €3.8bn year on year. And Santander’s UK bank revealed profit before tax shrank 74 per cent year on year to £147m. The bank now predicts UK house prices to shrink a base case six per cent in 2020, against a 9.5 per cent contraction in GDP. That scenario sees Brexit trade deal uncertainty continue this year. The unemployment rate could hit 9.3 per cent, the bank forecast. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.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.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comPuffer fish snaps a selfie with lucky divernypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 Wednesday 29 July 2020 10:27 am (Getty Images) Also Read: Coronavirus pushes Santander to €11bn loss “The board is committed to applying a 100 per cent cash dividend policy as soon as market conditions normalise, subject to regulatory approvals and guidance, and we have accrued capital this quarter to reflect this commitment.” However, Santander said the provisions would not hurt cash flow or capital levels. And the bank posted a 26-basis-point rise in its CET1 ratio – a key test of financial resilience –  to 11.84 per cent, near the top of its medium-term target. Coronavirus pushes Santander to €11bn loss Of the huge pandemic provisions, €6.1bn related to UK losses. Santander’s UK arm counted a £307m year-on-year spike in credit losses to £376m. Profitability took a deep knock, though, with Santander’s Return on Tangible Equity (RoTE) falling to 5.9 per cent. “While our statutory profit reflects a non-cash revaluation of goodwill and DTAs due to the impact of the pandemic on the economic outlook, it has no impact on the group’s balance sheet strength. Sharecenter_img Joe Curtis The figures What Santander said A quick Brexit trade deal, an extension to negotiations or a vaccine could improve the UK’s outlook. (Getty Images) Also Read: Coronavirus pushes Santander to €11bn loss Chairman Ana Botin said: “The past six months have been among the most challenging in our history. The impact of the pandemic has tested us all and I am proud of how Santander has responded. “During the second quarter, we lent an average of €1.6bn every day, supporting millions of individuals and businesses. whatsapp Why it’s interesting Show Comments ▼ “Decisive management actions have helped us to mitigate some of the impact this crisis could have had on our results and business operations and ensure we are well positioned as the UK emerges from the lockdown,” Bostock said. And the bank said it wants to pay a scrip dividend equivalent to 10 cents per share for 2019 after Europe’s central bank told lenders not to pay cash dividends until 2021. Chairman Ana Botin said Santander will stick to its RoTE target of 13 per cent to 15 per cent in the medium term. A massive €12.6bn impairment relating to coronavirus meant Santander swung to a €10.8bn loss for the first half of 2020. Tags: Coronavirus Santanderlast_img read more

Researchers target policymakers, treaty negotiators in new climate change study

first_imgEconomy | Energy & Mining | EnvironmentResearchers target policymakers, treaty negotiators in new climate change studyJuly 12, 2015 by Tom Banse, Northwest News Network Share:A new paper in the journal Science says the world’s oceans will change dramatically without a substantial reduction of CO2 into the atmosphere. (Creative Commons photo by kein)The window of opportunity to prevent grave ecological damage to our oceans from climate change is closing. That’s according to a paper that appeared Friday in the journal Science.The co-authors include researchers from the University of Washington and University of British Columbia.Most scientists tend to shy away from politics. But it’s a short leap from science to policy when it comes to climate change. In this case, 22 marine science researchers from nine countries collaborated to analyze scenarios for future life in the ocean in clear, stark terms.They published in a science journal, but University of Washington Professor Ryan Kelly, one of the co-authors of the paper, said the ultimate target audience is political decision makers and climate treaty negotiators.“If we keep putting CO2 in the atmosphere at the rate we’re doing now, it becomes a really different ocean in this century,” Kelly said. “This isn’t about our descendants way down the line. This is about our kids and our grandkids. That was eye-opening to me.”The analysis describes a wide range of possible responses, but notes the “consensus view” is that “immediate and substantial reduction” of global warming pollution is required no matter what.“A global climate change treaty that doesn’t reduce CO2 in the atmosphere is going to be inadequate,” Kelly said.“Scientists don’t normally talk like that,” Kelly said, addressing the discomfort with making policy prescriptions. “But in this case, we can draw a very, very clear line between carbon dioxide in the atmosphere and the effects it is having on the oceans.”The group’s paper catalogs a long list of consequences ranging from sea level rise, warming waters and displaced fisheries to acidification that hurts shellfish reproduction and expanding “dead zones.”University of British Columbia fisheries specialists William Cheung and Rashid Sumaila contributed expertise on how warming ocean waters are shifting species ranges toward the poles to cooler habitats.“On a positive note, we still have options to substantially reduce these impacts now but the longer we wait the fewer and fewer options we have,” Cheung said.The Prince Albert II of Monaco Foundation was a primary funder of the analysis.The lead author is a French expert on ocean acidification, Jean-Pierre Gattuso. The team Gattuso headed aShare this story:last_img read more

Group says Alaska isn’t meeting commitment to fund rural schools

first_imgEducation | Interior | Politics | Southwest | State GovernmentGroup says Alaska isn’t meeting commitment to fund rural schoolsMarch 10, 2020 by Andrew Kitchenman, KTOO and Alaska Public Media Share:A map showing the boundaries between every school district in Alaska. Advocates for education funding equity said the state isn’t following an agreement to fund rural schools. (Map courtesy Alaska Department of Education and Early Development)Because of a more than 20-year-old lawsuit, the state is obligated to fund rural school construction. A group focused on education funding says Gov. Mike Dunleavy’s veto of half of the funding used to build and maintain schools violates that commitment.In 1997, the parents of rural schoolchildren and others sued the state government. The lawsuit became known by the names of the first plaintiffs, Willie and Sophie Kasayulie. The plaintiffs said schools in rural areas that are not part of organized boroughs didn’t receive adequate state funding. A judge agreed.And that led to a consent decree agreed to by all of the parties. Under this agreement, the state pays for schools in those rural areas known as Regional Educational Attendance Areas, or REAAs.The Coalition for Education Equity of Alaska filed the Kasayulie lawsuit. Sarah Sledge, the coalition’s executive director, has tracked what the state has done since the consent decree.“We fought that lawsuit, and see it as one of our priorities of our work, to ensure that the letter of that consent decree, of that decision, is followed,” said Sledge, who is married to Senate Minority Leader Tom Begich, an Anchorage Democrat.In June, Dunleavy vetoed half of the money the Legislature budgeted for rural schools. The coalition asked the governor to reverse the veto last July.“And now we are talking with legislators, trying to see if there is a way to get those funds added back in,” Sledge said.The settlement depends on a law that said the state will fund rural school construction based on the amount of bonds that cities and boroughs have sold to build schools.Dunleavy’s vetoes cut in half the amount the state pays for both reimbursing municipalities for their school bond debt, and for building rural schools.Coalition lawyer Howard Trickey told lawmakers in February that it may sound like the cut treated both those inside and outside boroughs equally.But Trickey said there’s a big difference. Borough and city school districts can offset school costs with local taxes; rural schools can’t.Trickey said the state has a long history of failing to fund rural schools.“In my opinion, the continuation of reducing substantially that funding will put the state in violation of those constitutional obligations again,” Trickey said.Rep. Tiffany Zulkosky, D-Bethel, speaks during a House floor session in the Alaska Capitol in Juneau on Feb. 23. Zulkosky chairs the House Special Committee on Tribal Affairs, which recently held a meeting on education equity. (Photo by Skip Gray/KTOO)At least some lawmakers are sympathetic to Sledge’s group’s argument.Bethel Democratic Rep. Tiffany Zulkosky chairs the House Special Committee on Tribal Affairs. The committee held a recent meeting on equity between rural and urban schools.“We hope that this serves as a good foundation by which us as a committee, and in our relationship with colleagues, (can) have conversations about equity (that) can be made more approachable and more available and less polarizing,” Zulkosky said.The House didn’t add the school construction money into a supplemental budget bill this session. The bill would fund items that weren’t budgeted for in the budget bill Dunleavy signed last year. The coalition is hoping that the Senate will add the money.If not, it will be up to the coalition to decide whether to take the state to court again.Alaska Attorney General Kevin Clarkson’s office noted that the amounts the state funds for both rural schools and municipal school bond debt have been cut in recent years. And it said these cuts are consistent with the Kasayulie settlement.Assistant Attorney General Maria Bahr said Clarkson will continue to watch how this issue is addressed by the Legislature, adding that the final results of this year’s budget process are still to be determined.The Senate Finance Committee is considering the budget measure, House Bill 234, that the coalition would like to see the school funding added to. Wildfires, Medicaid push state to request $262.5M more than budgetedShare this story:last_img read more

Sir Malcolm Rifkind and Jack Straw cleared of wrongdoing in cash-for-access scandal

first_img whatsapp Share The two ex-foreign secretaries stepped down after a cash-for-access scandal uncovered by an undercover TV investigation, but always denied any wrongdoing.The Parliamentary Commissioner for Standards has now found that neither broke any Commons rules. Former foreign secretary Sir Malcolm Rifkind and Labour MP Jack Straw were caught on camera by an investigation by Channel 4 and the Daily Telegraph, which showed the two offering to use their influence in exchange for payment from a private company.Sir Malcolm Rifkind was suspended as the Tories’ chief whip following the claims, and both stepped down as MPs. Prime Minister David Cameron welcomed the standard commissioner’s report clearing Sir Malcolm’s name.A Downing Street spokesperson said:After a long and distinguished career in the House of Commons, the Prime Minister welcomes the fact that that Sir Malcolm, and his family, can now put this distressing episode behind them. Show Comments ▼ Thursday 17 September 2015 6:11 pmcenter_img Clara Guibourg Sir Malcolm Rifkind and Jack Straw cleared of wrongdoing in cash-for-access scandal whatsapp More From Our Partners Porsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orglast_img read more

Counting finished for the night as Fianna Fail’s Pauline Flanagan to be eliminated next

first_img Pauline Flanagan (Fianna Fail) with supporters at the count centre in Portlaoise Counting in the Laois-Offaly constituency has been postponed until Monday morning with the elimination of Fianna Fail’s Pauline Flanagan and no further elections.The distribution of Noel O’Rourke (Renua) and John Daly (Irish National Party) votes weren’t enough to get any of the candidates over the line so the next lowest candidate – Pauline Flanagan – is now eliminated and her votes will be distributed first thing on Monday morning.The biggest winner again was Independent candidate Carol Nolan who picked up 180 transfers, more than any other candidate. Next in line was John Leahy with 137.Stephen Tynan – the Portlaoise-based People Before Profit candidate – again benefited well from the transfers, just as he had done from Brian Stanley’s surplus in the second count, although not to the same scale.On this occasion he got 115 transfers, compared to over 1,200 on the first count.The 3rd count transfers makes no change to the order of the candidates.Returning officer Paul Featherstonhaugh then announced that counting was postponed and will resume at 9am on Monday morning when Pauline Flanagan’s 1,874 votes will be distributed.They will mostly be expected to benefit her Laois Fianna Fail colleague Sean Fleming with fellow Portlaoise candidate Noel Tuohy of Labour also expected to benefit. By Steven Miller – 9th February 2020 Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role Pinterest Pinterest Home News Counting finished for the night as Fianna Fail’s Pauline Flanagan to be… NewsPolitics News Twitter Twitter Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Facebook However, they again won’t be enough to get anyone over the line with the next lowest candidate then eliminated and their votes distributed.That is expected to be Stephen Tynan as he is more than 400 votes behind Labour’s Noel Tuohy.Tuohy will be the next to be eliminated unless he overtakes Ken Smollen from Tullamore who is close to 600 votes ahead of him at the moment.The state of play after the 3rd countBrian Stanley (Sinn Fein) – 16,654, ELECTED on the 1st CountBarry Cowen (Fianna Fail) – 8,919 (+30)Sean Fleming (Fianna Fail) – 8,190 (+74)Charlie Flanagan (Fine Gael) – 7,675 (+34)Carol Nolan (Independent) – 6,362 (+180)Marcella Corcoran-Kennedy (Fine Gael) – 4,594 (+66) (+9)Peter Ormond (Fianna Fail) – 4,137 (+5)Pippa Hackett (Green) – 3,991 (+70)John Leahy (Independent) – 3,862 (+137)Ken Smollen (Democratic Party) – 3,261 (+88)Noel Tuohy (Labour) – 2,664 (+68)Stephen Tynan (People Before Profit) – 2,243 (+115)Pauline Flanagan (Fianna Fail) – 1,874 (+24)John Daly (Irish National Party) – 557 – EliminatedNoel O’Rourke (Renua) – 356 – EliminatedQuota – 11,571SEE ALSO – Talking Politics: Brian Stanley wins the day as Fianna Fail and Fine Gael both lose ground center_img TAGS2020 General ElectionPauline Flanagan RELATED ARTICLESMORE FROM AUTHOR Previous articleCarol Nolan maintains her advantage for fifth seat in Laois-Offaly after Stanley transfersNext articleIn Pictures: All the best images from Day 1 of General Election 2020 in Laois-Offaly Steven Millerhttp://www.laoistoday.ieSteven Miller is owner and managing editor of From Laois, Steven studied Journalism in DCU and has 14 years experience in the media, almost 10 of those in an editorial role. Husband of Emily, father of William and Lillian, he’s happiest when he’s telling stories or kicking a point. GAA WhatsApp Counting finished for the night as Fianna Fail’s Pauline Flanagan to be eliminated next Facebook WhatsApp Electric Picnic 2020 U-15 ‘B’ glory for Ballyroan-Abbey following six point win over Killeshin last_img read more

Operation Red Nose, holiday safety org, forced online due to COVID-19

first_img advertisement See More Videos The Rolls-Royce Boat Tail may be the most expensive new car ever RELATED TAGSFlexSafety and MaintenanceMaintenanceNew VehiclesOntarioFlexNorthumberlandOntarioPetawawaThunder Bay Trending in Canada Volunteers, working in pairs wearing distinctive red vests, answer the call from November 29 until December 31 to assist drivers in not only getting home safely after a night of overindulgence but also bring their vehicle home, too. Barfers take note: you get a ride in your own car.The Ontario communities of Borden, Northumberland, Petawawa, Quinte, and Thunder Bay used the service 2,396 times last year, with 1,565 citizens volunteering to don the vest. There’s a Hall of Fame section on Operation Red Nose’s website; volunteers are very dedicated to helping out in their community. 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 | virtual panelPlayThese spy shots get us an early glimpse of some future models | It was all but inevitable, but the suspension of Operation Red Nose in 100 communities across Canada this year means the group will have to operate in fundraising mode instead of helping the inebriated get home safely this year.Their online “Take the Reins for Your Safety” campaign instead offers tips for staying safe this year.You’ve no doubt heard of the organization. 2020 would have marked its 37th safety campaign. center_img Across Canada, they provided 69,029 rides with 48,606 volunteers last season, and now have a mobile app for people to use on their phone. While it is certain to be a more subdued holiday season in every way, Operation Red Nose is a true community-based program that offers up concrete solutions with zero judgment. First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened COMMENTSSHARE YOUR THOUGHTS Trending Videos We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. ‹ Previous Next ›last_img read more

Professors honored for work in cell signals, ultrafast lasers

first_img Published: April 20, 2018 Two CU Boulder professors are among the latest group of scientists, politicians, artists and more elected to the American Academy of Arts and Science. The academy, which was founded in 1780 and has claimed such luminaries as Albert Einstein and Margaret Mead as members, “honors exceptional scholars, leaders, artists, and innovators and engages them in sharing knowledge and addressing challenges facing the world.”Among this elite organization’s newly elected members are Natalie Ahn, a CU Boulder biochemist who explores cell signaling, and Henry Kapteyn, a CU Boulder physicist who has led the development of new types of lasers. The academy announced its 2018 class earlier this week, which includes former President Barack Obama, actor Tom Hanks, writer Ta-Nehisi Coates and more than 200 other leading thinkers. Ahn and Kapteyn will be officially inducted into the academy’s membership at a ceremony in October 2018.Cell signals Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Henry KapteynKapteyn is a fellow at the American Physical Society (APS) and the American Association for the Advancement of Science (AAAS) and, along with Murnane, founded the company KMLabs.”The Department of Physics is proud to have Professor Henry Kapteyn honored with membership in the American Academy of Arts and Sciences,” said John Cumalat, Chair of the Department of Physics. “Professor Kapteyn has won several awards for his research in ultrafast laser science. In 2013 he was elected to the National Academy of Sciences. This award is continued recognition of his pioneering impact on the field.”“I’m stunned and tremendously honored to be welcomed to a group as illustrious as the American Academy of Arts and Sciences,” Kapteyn said. “I certainly never imagined being found on the same list with Barack Obama. But it’s a tremendous motivation to keep pushing forward—to turn my passion for using physics to make the impossible, possible—into a real benefit to society.”Categories:Deadlines & AnnouncementsCelebrateCampus Communitycenter_img Natalie AhnNatalie Ahn joined CU Boulder’s Department of Chemistry and Biochemistry in 1992. She uses a technique called mass spectrometry to probe how cells communicate with each other and their environments—and how these processes can regulate the way that cells grow and divide and, potentially, give rise to cancers like melanoma. Ahn is director of CU Boulder’s Graduate Training Program in Signaling and Cellular Regulation, associate director of the BioFrontiers Institute and president of the American Society of Biochemistry and Molecular Biology (ASBMB).Reflecting on her appointment, Ahn said: “I am deeply grateful for the tremendous honor of being elected to the American Academy of Arts and Sciences. I am flabbergasted, humbled and very happy. I have a lot of people to thank in my life, as well as at our amazing university, for their support throughout my career and for their work to further the arts and sciences in the United States. I will work hard to pay it forward.”Harnessing lasersHenry Kapteyn, a professor in the Department of Physics and fellow at JILA, has been at CU Boulder since 1999. He and his wife, CU Boulder Professor Margaret Murnane, have spearheaded new “tabletop” X-ray lasers, devices that can shoot out laser light in bursts shorter than a millionth of a billionth of a second. The team’s work has led to insights on the workings of atoms and the creation of new nanotechnologies. last_img read more

Opici Wines & Spirits Adds Two More Italian Stars to Their…

first_imgAdvertisementGlen Rock, NJ (April 1, 2021): Opici Wines & Spirits is expanding two of its prominent Italian wine brands with Alverdi Piemonte DOC Barbera and Cesari Justo IGT, a Veronese red blend.Alverdi, best known for its Pinot Grigio, will be launching the brand’s first DOC-appellated wine with the Piemonte Barbera. The wine is fruit-forward in style with notes of cherry and blackberry and rustic characteristics on the finish. The label will share the same unique and modern design as the rest of the Alverdi portfolio, but with a purple hue to pay homage to the deep, dark colors often found in Barbera grapes.Additionally, famed Verona producer Cesari will be introducing ‘Justo’ which is a blend of the native Italian grape, Corvina, and Merlot. The name ‘Justo’ is a blend of two words, the English word just and the Italian word giusto meaning right; therefore, Justo loosely translates to just right. The wine is an appassimento-style wine with the grapes being dried for roughly 20 days before being pressed. This shortened drying period creates a wine that is elegant yet powerful and creates a balance that is just right. The label showcases the combination of the two words along with a rendering of the grapes as they move through the drying process.“Our foundation has always been Italian wines, and these are two fantastic additions to our portfolio,” stated Don Opici, Managing Director of Opici Wines & Spirits. “The quality and packaging for these wines overdeliver and we are thrilled to bring them to market. We have invested heavily in these brands over the years, and these wines further cement Alverdi and Cesari as strong players in their respective categories.”Alverdi Piemonte Barbera will retail for $9 on the shelf which makes this a very attractive entry-level DOC wine. Cesari ‘Justo’ will sell for roughly $14 nationwide. Both items will be available at restaurants and fine wine stores nationwide.Opici Wines & Spirits: Named “Importer of the Year” by Wine Enthusiast, Opici Wines & Spirits is a dynamic importer and producer of fine wines and artisanal spirits from around the world. The portfolio consists of nearly 40 brands that are available in all fifty states. Founded in 1913, Opici Wines & Spirits is family-owned and now managed by the fourth generation.Advertisement Facebook Previous articleRepublic National Distributing Company Expands Partnership with Shannon Family of WinesNext articleSeven Wineries Join Forces to Launch One Barrel Challenge with the Mission of Making Oregon’s Wine Industry More Accessible and Inclusive Press Release Twitter Email Home Industry News Releases Opici Wines & Spirits Adds Two More Italian Stars to Their LineupIndustry News ReleasesWine BusinessOpici Wines & Spirits Adds Two More Italian Stars to Their LineupBy Press Release – April 1, 2021 160 0 ReddIt TAGSOpici Wines & Spirits Share Pinterest Linkedinlast_img read more

Ambassador Marks to visit Hartford

first_imgAdvertisements RelatedAmbassador Marks to visit Hartford Ambassador Marks to visit Hartford Foreign AffairsOctober 27, 2010 RelatedAmbassador Marks to visit Hartfordcenter_img RelatedAmbassador Marks to visit Hartford FacebookTwitterWhatsAppEmail Jamaica’s Ambassador to the United States, Her Excellency Audrey Marks will pay a four-day official visit to the city of Hartford, Connecticut, from October 28 to 31.While in Hartford, Ambassador Marks will declare open the Caribbean Trade Council’s two-day conference on October 28.On Friday, October 29, she will call on the Mayor of Hartford, Pedro Segarra. The Ambassador will also meet with members of the Hartford business community as well as with various state representatives.The Ambassador will declare open the Northeast Diaspora conference on Saturday, October 29, while on Sunday, October 30, she will deliver the keynote address at the Center for Urban Research, Education and Training Institute, Education conference.Commenting on her visit to Hartford, Ambassador Marks said she is looking forward to meeting with the many Jamaicans who have diligently served the city of Hartford for many years and have become an integral part of that community. Hartford, she said, is considered by many as the cradle of the West Indian community.last_img read more

Debt deal tipped to pave way for Vodafone Ghana IPO

first_img Millicom concludes Africa exit Related Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Previous ArticleFeature: MWC Shanghai 2018 Day 1 highlightsNext ArticleGionee India becomes takeover target Author Vodafone seeks at least €2B from tower IPO Chris Donkin Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 27 JUN 2018 Vodafone sets wheels in motion for tower IPO Vodafone Group is preparing an IPO of its Ghana unit once an agreement is struck with the country’s government (a minority stakeholder) to restructure the division’s debt, Reuters reported.In an interview with the news publication, Vodafone Ghana CEO Yolanda Cuba said the company was making progress in talks with authorities over a restructuring programme for its debt pile.Vodafone Group owns a 70 per cent stake in the operator, having bought the share of state-owned Ghana Telecom in 2008 for $900 million and subsequently rebranded the company. The remaining 30 per cent was retained by the government.Reuters stated the operator group is yet to generate a profit on its investment and plans to turn the unit around have been hampered by its minority stakeholder failing to meet its financial obligations. These issues are now being resolved, Cuba said, with the state committing to help address the operator’s debt.Progress on a local public listing of Vodafone Ghana follows an IPO of rival MTN’s unit in the country last month. MTN’s listing was a requirement of it being granted the country’s first 4G spectrum licence.A second 4G licence had been scheduled for auction this month, however in an interview earlier this year with IT Web Africa, Cuba said although Vodafone Ghana needed the licence, it could not afford it. Home Debt deal tipped to pave way for Vodafone Ghana IPO GhanaVodafone Grouplast_img read more