Oil lows hurt Shell but give EasyJet an easy ride on FTSE – London Report

first_imgThursday 29 January 2015 8:37 pm Read This NextYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCreamy Pumpkin Soup: Delicious Recipes Worth CookingFamily Proof Express KCS whatsapp Tags: Company easyJet FTSE 100 Show Comments ▼ whatsapp Share Oil lows hurt Shell but give EasyJet an easy ride on FTSE – London Report OIL GIANT Royal Dutch Shell weighed heavily on the FTSE-100 yesterday after it missed profit expectations. The blue-chip FTSE 100 index ended down 0.2 per cent at 6,810.60 points as Shell dropped 4.9 per cent, among the worst-performing FTSE 100 stocks in percentage terms. The company also announced a $15bn (£9.9bn) cut in spending due to the slump in oil prices.Oil has fallen almost 60 per cent since June due to economic weakness, low global demand and a boom in US shale production.John Smith, senior fund manager at Brown Shipley, said Shell’s update had disappointed investors. The fall in its share price also hit its rival BP, which weakened by 1.9 per cent.“Earnings estimates look far too high. The real impact of the decline in the oil price will be felt in this year’s earnings, and the dividend will stay under pressure if oil does not see a significant recovery soon,” he said.Other sectors, gained from lower oil prices lowering costs. The budget airline EasyJet rose 6.2 per cent. last_img read more

Blueberry prices climb on China-bound exports

first_img Hamhung man arrested for corruption while working at a state-run department store Blueberry prices climb on China-bound exports By Daily NK – 2017.09.06 4:07pm News AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] News Facebook Twitter News RELATED ARTICLESMORE FROM AUTHOR News North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) SHARE Blueberries are flying off the shelves at a much faster rate than last year in the markets of North Korea’s Ryanggang Province. This is likely because their season is about to draw to a close and because they are being exported abroad and consumed by domestic shoppers. For more, we turn to Special Economic Correspondent Kang Mi Jin.Ryanggang Province is located in the northern part of North Korean in the alpine region. Blueberries sales in the market there are quite strong right now. A local source has informed Daily NK that the price has skyrocketed as a result of this increased demand, with blueberries selling for over 10,000 KPW more per kilogram than they did last year.Blueberries went on sale in August in Ryanggang Province, and their price has been steadily climbing since. The source explained that exports to China explain a sizable portion of these ballooning prices. At this time, a number of groups are absorbed in the process of exporting blueberries for the purpose of earning foreign currency in Samjiyon County, Daehongdan County, and Baekam County, where the blueberries are grown. Groups involved include students, members of the Women’s Socialist Union, and laborers. But they aren’t the only ones in on the act. Private individuals build small huts on the hillsides and cultivate their own blueberries to sell. Can you explain how the blueberries are exported to China? Sure. According to information given to Daily NK by inside informants, Chinese merchants are buying large quantities of blueberries in the markets of Yanggang Province. While this trend is nothing new, this year has seen a larger amount of merchants buying up vaster quantities of the berries, which has inflated the price. Because of this, the blueberry-producer regions have been transformed into temporary wholesale hubs. The areas are engrossed in blueberry sales annually during this time. The wholesalers go to the production regions because they can get cheaper prices than if they try to buy in the markets. Samjiyon County and Taehongdan County are particularly bustling with wholesalers. The producers are happy to sell the fruits at a cheaper price to wholesalers who come directly to the farm because they save on transportation costs and can ensure that the goods are fresh. The higher prices are good news for North Koreans on the sales side, who are walking around with wide grins. More individuals have entered the market with an eye to sell to Chinese merchants. The source added that the demand does not stop at export markets, however, because more and more domestic shoppers are also showing an interest in blueberries. For some time, the state’s cultivation and sale of Paektu Mountain blueberries for the purpose of earning foreign currency have involved mobilizing the residents to contribute their labor for little to nothing in return. What’s new this year? Yes, that’s is true. Around this time every year, residents in Ryanggang Province are mobilized. This involves students, workers, and Women’s Socialist Union members. Last year, for instance, the Hyesan Women’s Socialist Union was sent to Taehongdan County and Paekam County to work for 12 days on the blueberry farms. The requirement varies from year to year, but in general the residents are ordered to gather between 60 and 100 kg of the berries. Because the blueberries have come in better this year than years past, the conditions for the residents are slightly improved. If the harvest is good, it is easy to collect 20 kg in one day, but if it isn’t good, it’s a difficult endeavor to collect 5 kg in one day. It is harder to collect when there are lots of people. Because individuals hoping to earn money are also out on the farms, the fields are packed with people. Normally, to collect the blueberries, you have to go about 8 kilometers outside the city to medium sized farms in the valley, or even further to get to larger farms. Because of this, many people stay at barracks built on site. Can you break down the price of blueberries at Ryanggang Province markets? Yes, according to a conversation I had a few days ago with a local informant, blueberries in Hyesan Market and the Yeongbong area are selling for KPW 33,000 per kg. This is KPW 11,000 more than last year. I’ve been researching these prices for many years: in 2014, blueberries sold for KPW 11,000-15,000 per kg and in 2015, they sold for about KPW 22,000 per kg. So we can see that this upward trend is a years-long and continuing phenomenon. Last year, the blueberry harvest was not particularly strong. The price was nonetheless around KPW 20,000. The fact that prices have risen so much this year is good news for the residents involved in the production and sale of blueberries. The price is set to drop within a period of days, so many residents involved are working double time and staying up late to try to sell as many as they can before that happens.   You mentioned that students are mobilized to participate in the blueberry harvest. Does that mean they are responsible for the same workload that adults do on the farms?No, the students have smaller quotas to fulfill. The school departments in each region make a quota and then they pass the orders down. The amount is different depending on the age group. The amount that each student picks is not fixed by the central authorities. Every school and region have different amounts. The parents of the students are likely hoping that their children are given small amounts to pick.  North Korea hikes “party contributions” Russia-based workers must pay by 30-55% All prices are shown in KPW and current as of August 29, 2017.last_img read more

Exciting roles at Dstl as part of new National Cyber Force

first_imgExciting roles at Dstl as part of new National Cyber Force The NCF draws together personnel from intelligence, cyber and security agency GCHQ, the MoD, the Secret Intelligence Service (MI6) and the Defence Science and Technology Laboratory (Dstl) under one unified command for the first time.Alongside MoD’s operational expertise, Dstl’s scientific and technical capabilities and GCHQ’s global intelligence, SIS (MI6) provides its expertise in recruiting and running agents and its unique ability to deliver clandestine operational technology.Could you be among those keeping the UK safe at home and abroad? Dstl is now recruiting and has a number of exciting opportunities available.Find out who we’re looking for and how to register your interest in current and future roles (Civil Service Jobs). /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:cyber, Defence, future, Government, intelligence, running, science, security, technology, UK, UK Governmentlast_img read more

While Battling Pandemic, Strengthening Disaster Risk Reduction and Management Needed to aid Recovery

first_imgWhile Battling Pandemic, Strengthening Disaster Risk Reduction and Management Needed to aid Recovery MANILA, December 8, 2020- The multiple shocks that hit the Philippines – the COVID-19 health crisis, economic activities across the country frozen by quarantine measures, devastating typhoons in November, and the global recession – will likely shrink the economy by 8.1 percent in 2020, temporarily reversing gains made in poverty reduction in recent years. Sustained improvements in managing the pandemic and a possible rebound in the global economy, however, can help the country recover in 2021 and 2022.These are among the key findings of the Philippines Economic Update (PEU) released today by the World Bank.The current economic forecast is a revision from the -6.9 percent World Bank forecast in October, resulting from the deep contraction in the third quarter and the extensive damage and losses suffered by the country from the typhoons and floods in November. “The series of natural disasters that hit the country while we are battling the pandemic highlights the importance of mainstreaming disaster risk reduction and climate change adaptation into policy and planning ,” said Ndiame Diop, World Bank Country Director for Brunei, Malaysia, Thailand and the Philippines. “While the Philippines is financially resilient, stronger coordination, execution and implementation will help further improve social and physical resilience to frequent shocks.”Typhoons Rolly (international name Goni), Siony (Atsani), and Ulysses (Vamco) that hit the country in November in just a span of two weeks have brought devastation to a large swath of Luzon, further darkening this year’s growth outlook.Prior to these disaster events, the economy had already posted a 10 percent contraction in the first three quarters, the worst since the 1985 debt crisis, due to a plunge in private domestic demand, deep contraction in investment activities, and weak exports. Private consumption, which accounts for two-thirds of the Philippine economy has declined at a record pace because of high unemployment and falling incomes.The economic update says that the pandemic and natural disasters threaten to reverse the trend of a steady decline in poverty in recent years.The results of a COVID-19 impact monitoring survey conducted in August 2020, show about 40 percent of households reporting a fall in income. Entrepreneurial income reportedly declined particularly among households engaged in non-farm business.Remittances from abroad, a lifeline for many Filipino families, were reported to have fallen for two in five households that receive remittances, according to the survey. As a result, poverty is estimated to increase from 20.5 percent in 2019 to 22.6 percent in 2020 (measured against the World Bank lower middle-income poverty line of US$3.2/day).The PEU, expects the Philippines to recover in the next two years, assuming continuing improvements in bringing down virus transmission. Policy makers are gradually allowing more industries to resume operations, thus reviving jobs and incomes, and boosting private consumption. This will help the economy bounce to a 5.9 percent growth in 2021 and 6.0 percent in 2022.“While addressing the pandemic, the country needs to sustain focus on the structural reform agenda,” said Rong Qian, World Bank Senior Economist. “Speeding up reforms that improve the business environment, foster competition, and strengthen resilience against natural disasters will support the economic recovery and boost productivity growth in the long term.”The PEU’s current forecasts hinge on China’s early recovery, alongside the expected rebound in the global economy in 2021, which will allow for export growth to recover, and larger remittance inflows to stimulate domestic demand.The government is expected to ramp up its infrastructure spending starting in the fourth quarter of 2020, creating jobs in the construction sector. Pre-election activities in the run-up to the national election in 2022 will give an additional boost to demand as early as in the second half of 2021.The PEU summarizes key economic and social developments, important policy changes, and the evolution of external conditions affecting the Philippines over the past six months. It also presents findings from recent World Bank analyses, situating them in the context of the country’s long-term development trends and assessing their implications for the country’s medium-term economic outlook.The World Bank has been a partner of the Philippines for 75 years, providing, among other forms of support, economic analyses and updates. Since 1945, World Bank Group has mobilized funding, global knowledge, and partnerships to support the Philippines’ efforts to alleviate poverty, upgrade infrastructure, improve health, nutrition, and education, strengthen resilience against climate change and natural disasters, promote peace, and enhance global competitiveness.World Bank Group Response to COVID-19The World Bank Group, one of the largest sources of funding and knowledge for developing countries, is taking broad, fast action to help developing countries strengthen their pandemic response. It is supporting public health interventions, working to ensure the flow of critical supplies and equipment, and helping the private sector continue to operate and sustain jobs.The World Bank Group is making available up to $160 billion over a 15-month period ending June 2021 to help more than 100 countries protect the poor and vulnerable, support businesses, and bolster economic recovery. This includes $50 billion of new IDA resources through grants and highly concessional loans and $12 billion for developing countries to finance the purchase and distribution of COVID-19 vaccines. /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:business, climate change, covid-19, education, environment, Government, infrastructure, Investment, nutrition, Philippines, public health, resilience, resources, speeding, spending, World Banklast_img read more

Ramsay Foundation and QUT tackle disadvantage

first_imgRamsay Foundation and QUT tackle disadvantage Almost one in five children starting school is considered developmentally vulnerable. QUT’s new Paul Ramsay Foundation Fellow Adjunct Professor Michael Hogan said the figure was even higher in many communities.“We are struggling both to reduce that prevalence and help these children catch up,” Professor Hogan said. “Yet we have also demonstrated that we can improve kids’ life chances.”“We are struggling both to reduce that prevalence and help these children catch up,” Professor Hogan said. “Yet we have also demonstrated that we can improve kids’ life chances.”Professor Hogan said the combination of disadvantages caused by poverty in childhood, and the significant biological, psychological and social impacts of trauma and toxic stress, put too many kids behind their peers.“This is neither fair for those kids nor good for our country as a whole.”Professor Hogan has taken up a one-year Fellowship funded by the Paul Ramsay Foundation. The fellowship is hosted by QUT and will support the Thriving Queensland Kids Partnership and other work on systems leadership for child wellbeing.Paul Ramsay Foundation Chief Program Officer, Dr Jeni Whalan, said the foundation was inspired by Professor Hogan’s commitment to breaking cycles of disadvantage through partnerships and innovation. “We are delighted to support Professor Hogan’s work and the opportunities this will create for lasting change in the lives and experiences of children and young people,” Dr Whalan said.Professor Hogan is a former Director-General of the Department of Child Safety, Youth and Women, and of the Department of Communities, Child Safety and Disability Services in Queensland, and has previously worked in the non-government sector.Professor Hogan said current approaches between the Commonwealth and the States and Territories, and across the many services supporting families and their children and young people, were often fragmented, despite the dedication and hard work of many people and organisations.He will be working with researchers, practitioners and systems leaders across all levels of government, industry and community organisations to help improve outcomes for children.“The challenges and opportunities, and the potential benefits, are huge,” Professor Hogan said.“We know the life-long disadvantages faced by children who grow up experiencing poverty, and the harms caused by prolonged toxic stress, and adverse childhood experiences.“We know the costs for individuals and communities, and for taxpayers and our society as a whole,” Professor Hogan said.Professor Hogan says what works for healthy childand adolescent devleopment is already known.“But we also know more about what matters and what works for healthy child and adolescent development, and to support families.“For example, we can do much more to embed into our services and practices the insights from the rapidly expanding area of neuroscience about the interaction of brain and body health and skills, their life long impacts on our wellbeing and functioning, and about the capacity of the brain to heal and grow.“I’m very excited to be working with researchers across QUT and elsewhere doing cutting-edge work in areas such as neuroscience and other child development sciences, child maltreatment, the digital child, education, health, justice, and community development.“The Fellowship will enable me to keep working to bring people together from government, industry and philanthropy, and community organisations, to help put ‘science to service’, translating experience, expertise and evidence into practice and systems change.“And it will help in our efforts to give all our workforces the best and latest knowledge, skills and attributes for working with children and their families, and for making our systems work better together.”He said that COVID-19 had exposed many more people, including children and young people, to precarity, isolation and severe stress, exacerbated risks such as violence or mental ill-health, or falling further behind in education and employment. It had also demonstrated great strengths and opportunities in our public systems and community services.“Creating the post-COVID-19 new normal should be a catalyst to transform our approach to child wellbeing, in what and how we invest, and in the ways we engage families and deliver services,” Professor Hogan said.QUT Vice-ChancellorProfessor Margaret Sheil.“If as a nation we have a stronger focus on improving child wellbeing, and on breaking cycles of disadvantage, we will lift our prosperity and productivity, as well as reduce inequity and wasted human potential.”QUT Vice-Chancellor Professor Margaret Sheil welcomed Professor Hogan’s appointment as a Paul Ramsay Foundation Fellowship holder.“The vision of the Thriving Queensland Kids Partnership and the Paul Ramsay Foundation is consistent with priorities under QUT’s strategic plan, Blueprint 6, to build access and aspiration to education as a powerful way to disrupt intergenerational disadvantage,” Professor Sheil.“We look forward to partnering and contributing to systems-based changes that can better support families and communities, and those who graduate to work with them, so that all Queensland children to thrive.” /University 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:adolescent, Australia, biological, child safety, commonwealth, community, community services, disability, education, employment, Government, innovation, neuroscience, philanthropy, Professor, Queensland, Queensland University of Technology, QUT, universitylast_img read more

Emphasis on US exports, trade secrets in China trade deal

first_imgHomeBusinessEmphasis on US exports, trade secrets in China trade deal Jan. 17, 2020 at 11:00 amBusinessGovernmentNewsPoliticsEmphasis on US exports, trade secrets in China trade dealAssociated Press1 year agochinadealtradeUS exports The United States and China reached a trade deal Wednesday that eases tensions between the world’s two biggest economies, offers massive export opportunities for U.S. farms and factories, and promises to do more to protect American trade secrets.Still, the Phase 1 agreement leaves unresolved Washington’s fundamental differences with Beijing, which is relying on massive government intervention in the economy to turn China into a technological power.President Donald Trump is wanting to show progress on an issue that he has made a hallmark of his presidency and hopes to use in his reelection campaign this year. Wednesday’s signing ceremony at the White House gave him the chance to do that just hours before the House voted to send articles of impeachment to the Senate for a trial.Trump promoted the trade signing as a way of delivering economic justice for American workers he claims have been betrayed by past administrations and their trade policies.“We mark more than just an agreement. We mark a sea change in international trade,” Trump declared during a rambling ceremony in which he made references to former FBI Director James Comey, the impeachment proceedings and a possible visit to Mount Rushmore on July Fourth for a fireworks display.The Chinese delegation also praised the pact. Chinese leader Xi Jinping said in a letter to Trump that the first-phase deal was “good for China, for the U.S. and for the whole world.” He said it also showed the two countries had the ability to “act on the basis of equality and mutual respect.” The letter was read by Beijing’s chief negotiator, Vice Premier Liu He.Some of the president’s Democratic critics were unimpressed.“True to form, Trump is getting precious little in return for the significant pain and uncertainty he has imposed on our economy, farmers, and workers,” said former Vice President Joe Biden, one of the Democrats hoping to replace Trump.House Speaker Nancy Pelosi, D-Calif., said in a statement that “with the economy losing thousands of manufacturing jobs and Farm Country reeling from the damage caused by President Trump, Americans are left with nothing more than a showy television ceremony to try to hide the complete absence of concrete progress, transparency or accountability in this ‘phase one’ agreement.”The administration acknowledges the agreement leaves unresolved some U.S. complaints — most notably, the way the Chinese government subsidizes its companies. That was the concern voiced when Trump sparked a trade war by imposing tariffs on Chinese imports in July 2018.“The Phase 1 deal contains meaningful commitments but by no means lives up to the initial objectives of the administration,’’ said Wendy Cutler, a former U.S. trade negotiator who is now vice president at the Asia Society Policy Institute. Further Chinese concessions would force Bejing to make major changes in its state-dominated economic model, which means “the prospects for a timely conclusion are remote,’’ she said.The agreement leaves in place tariffs on about $360 billion in Chinese imports, leverage the administration hopes will generate future concessions.U.S. Trade Representative Robert Lighthizer said work on follow-up negotiations will hinge on how China fulfills the commitments it made in the initial phase.“We have to make sure this is implemented properly,” Lighthizer said. “This is the first agreement like this of its kind and we have to make sure that it works.”The agreement is intended to ease some U.S. economic sanctions on China while Beijing is to step up purchases of American farm products and other goods. Trump cited beef, pork, poultry, seafood, rice and dairy products as examples.U.S. trade officials said the agreement would end a long-standing practice of China pressuring foreign companies to transfer technology to Chinese companies as a condition for obtaining market access. Lighthizer said China has also agreed to combat patent theft and counterfeit products, which would include forfeiting machinery used for making counterfeit products.The 86-page agreement makes it easier to bring criminal cases in China against those accused of stealing trade secrets. It includes provisions designed to stop Chinese government officials from using administrative and regulatory procedures to ferret out foreign companies’ trade secrets and allowing that information to get into the hands of Chinese competitors.The deal requires China to come up with procedures to “permit effective and expeditious action’’ to take down websites that sell pirated goods. China also must make it possible for e-commerce sites to lose their licenses for “repeated failures to curb the sale of counterfeit or pirated goods.’’China is required to increase its purchases of U.S. manufactured, energy and farm products and services by a combined $200 billion this year and next. The arrangement means that China is supposed to buy $40 billion in U.S. farm exports. That would be a windfall for Trump supporters in rural America but an ambitious goal considering that China has never bought more than $26 billion in U.S. agricultural products in a year.“It’s a strong first step,” said Jeremie Waterman, the U.S. Chamber of Commerce’s vice president for Greater China. “It begins the process of addressing some of the structural concerns, but there’s a lot of work left to do. The meat, the core of (U.S. complaints about China’s aggressive tech policies) has not yet been addressed. Obviously, that’s going to have to wait until Phase 2.’’Most analysts say any meaningful resolution of the main U.S. allegation — that Beijing uses predatory tactics in its drive to supplant America’s technological supremacy — could require years of contentious talks. Skeptics say a satisfactory resolution may be next to impossible given China’s ambitions to become the global leader in such advanced technologies as driverless cars and artificial intelligence.The U.S. has dropped plans to impose tariffs on an additional $160 billion in Chinese imports, and it cut in half, to 7.5%, existing tariffs on $110 billion of good from China.Derek Scissors, China specialist at the American Enterprise Institute, said the trade war has already delivered a benefit for Trump, even if it hasn’t forced Beijing to make major changes to its economic policy: Trump’s tariffs have reduced Chinese exports to the United States and narrowed America’s trade deficit with China.So far this year, the U.S. deficit with China in the trade of goods has declined by 16%, or $62 billion, to $321 billion compared with a year earlier. The deficit will narrow further if Beijing lives up to its pledges to buy dramatically more American imports.AP Business Writer Joe McDonald in Beijing and Associated Press writer Darlene Superville contributed to this report.Tags :chinadealtradeUS exportsshare on Facebookshare on Twitteradd a commentLaughing Matters – Cheaters Always Prosper…Until They Get CaughtBeach Water Use AdvisoryYou Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall7 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor17 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press17 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press17 hours agoNewsCouncil picks new City ManagerBrennon Dixson17 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter17 hours agolast_img read more

Regulator deals blow to Telecom Italia fixed plan

first_img Tags AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 21 JAN 2019 Telecom Italia bets on long-term renewable energy Previous ArticleZimbabwe operators under fire for internet shutdownNext ArticleWhatsApp extends fake news message limits Las grandes operadoras europeas ponen condiciones a las RAN abiertas Home Regulator deals blow to Telecom Italia fixed plan Chris Donkin Authorcenter_img A Telecom Italia proposal to spin-off its fixed network but retain ownership of the newly created company was turned down by the country’s communications regulator, subject to the result of a public consultation.In a lengthy document, regulator Agcom warned the plan did not go far enough and was unlikely to significantly increase competition in the fixed market in the majority of the country.Telecom Italia’s network separation strategy was unveiled by former CEO Amos Genish in March 2018, but was one of the contentious points raised by activist investor Elliott Management when it began a campaign to wrest control of the company’s board from Vivendi.Execution of the plan as it stands would mean the creation of a new company named NetCo containing the company’s fixed asset portfolio. It was a response to years of government pressure to try and force the separation of Telecom Italia’s fixed network to aid competition in the country.In Genish’s strategy, NetCo would be operated as an independent entity, but be fully owned by Telecom Italia.During its campaign to oust the operator’s previous board, Elliott Management said official NetCo strategy did not go far enough and a stake in the business should be sold off.Having won the savage battle for the boardroom, the new directors publicly backed Genish’s plan before eventually sacking the executive. However, the company’s present strategy, including retaining full control of NetCo, remains official policy.Agcom’s decision will now go to a 45-day public consultation. Subscribe to our daily newsletter Back Telecom Italia confident on hitting annual goals Related Telecom Italia 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 Español last_img read more

One for the Ages

first_imgLucy Li’s swing was awfully good for someone who couldn’t have been more than 4 or 5 years old. Joby Ross remembers her practicing for hours at Mariners Point Golf Center, near Li’s home in Redwood Shores, Calif. Ross is a teaching pro at Mariners Point, but Lucy didn’t come for instruction. She was getting that from her mother and aunt, who did not even play golf. “I think they were just teaching her out of books and magazines back then, and doing the best they could,” Ross said. “It’s pretty amazing. Occasionally, if I saw something that wasn’t quite right, I would come over and mention it, like `She’s taking it away too far inside.’ But that was it.” While it’s being reported Li picked up the game when she was 7, Ross says she was actually 4 or 5 when she began showing up at Mariners Point, where there is a driving range, a short-game practice area and a nine-hole par 3 course. Watching from a distance, Ross was impressed. “After she stopped coming to our place, I remember telling the guys to keep their eye out for this kid, because we were going to hear about her again,” Ross said. “She was going to do something special down the road.” Make that extra special. The 11-year-old’s list of feats grew Monday when she became the youngest player ever to qualify for the U.S. Women’s Open. Li, just a sixth grader, won the U.S. Women’s Open sectional qualifier at the Old Course at Half Moon Bay outside San Francisco. She promises to be one of the star attractions when she tees it up with the best in women’s golf at Pinehurst No. 2 next month. Li shot rounds of 74 and 68 at Half Moon Bay. Her even-par total was seven shots better than anyone else in that sectional. She breaks the age mark of Lexi Thompson as the youngest qualifier to a U.S. Women’s Open. Thompson was 12 years, 4 months and 18 days old when she competed in the 2007 Women’s Open. Li, who turns 12 on Oct. 1, will be 11 years, 8 months and 19 days old when she tees off in this year’s Open on June 19.  “It’s pretty unbelievable, quite the amazing story,” said Jim McLean, who has been teaching Li since her parents brought her to him four years ago. “I know how good she is, but I was still surprised.” Li made international news this week. McLean said he has been contacted by countless major news organizations wanting the scoop on this gifted 11-year-old. Lucy hasn’t done any interviews, though. The family is guarded with a flood of requests pouring in to them. “Lucy is very honored to have qualified for the 2014 U.S. Women’s Open, and to have the opportunity to compete in this most prestigious national championship,” the family said in a statement released by the USGA. “Her time spent playing last year’s USGA Championships, as well as her win at the Drive, Chip & Putt, have provided her with many good opportunities that she will consider as she prepares for the U.S. Women’s Open. “We are very grateful for the support Lucy has received, both from the golf community and the media. She is looking forward to playing Pinehurst.” Li won her age division last month in the inaugural Drive, Chip and Putt Championship at Augusta National on the Sunday before the Masters. Last year, she became the youngest player to qualify for the U.S. Women’s Amateur and also the youngest to make it to match play at the U.S. Women’s Amateur Public Links Championship. McLean says Li was 7 when her parents first called him at his base at Trump Doral in Miami, asking if he would teach her. He’s not sure she had any regular, formal instruction before they approached him. “She was probably a little too young for me to start working with her,” McLean said. “But they came out here, asked me to watch her hit shots and said they were serious about having her move here for the winter.” And they did move Lucy to Miami for the winters. Lucy’s mom, Amy, and her aunt, Tao, first accompanied Lucy. Tao got an apartment near Trump Doral and stays with Lucy while she works at McLean’s golf school four months of the year. Warren, Lucy’s father, is a computer consultant working in the Bay Area. “You never know with young kids, how interested they are going to be, or what might derail them,” McLean said. So early on, McLean was curious how much of this intensity of interest in golf was coming from the family, and how much was coming from Lucy. He said he quickly learned how much she loved the game in their winters together. Ross said he had the same questions when he first watched Lucy at Mariners Point. Back when Lucy was 5 or so, Ross remembers seeing her in tears on the range. Ross was concerned, and he approached the family to see what the fuss was about. “They would come and practice for hours,” Ross said. “I wondered if they were practicing too hard, and maybe that’s what the tantrum was about. I went over and asked if she was OK.” To Ross’ surprise, he discovered that it was Lucy’s mom and aunt who were getting tired and wanted to go home, and that Lucy was in tears protesting because she wanted to stay and keep hitting balls. “She was upset because she didn’t want to leave,” Ross said. McLean says Lucy may seem quiet and shy at first, but she has “quite the personality” and is “very funny” and likes to laugh. She also enjoys music and is very artistic. She likes to draw and will doodle impressively on scorecards. She also likes to make things, like necklaces and bracelets. Lucy’s golf skill comes with some athleticism. Before golf, she was in ballet and tap dance and even did some 10-meter diving in a swimming program, even though she wasn’t a very good swimmer. The family’s close, McLean said, and Lucy is very attached to her older brother, Luke, who is a student at Princeton. In fact, that’s how Lucy got started in golf. Her brother played and she would watch him practice, eventually picking up a club and hitting balls. “I’m sure there will be a tremendous amount of scrutiny on her at Pinehurst,” McLean said. “I think she’ll deliver. She has the game, but it’s tough. You’re going up against the best players in the world. It’s jumping up a lot of levels.” McLean will be there, confident that no matter how Li fares, she should celebrate the fact that she made it there.last_img

McEvoy wins Euro Open as DeChambeau implodes

first_imgHAMBURG, Germany – Richard McEvoy won his first European Tour title at the age of 39 after a dramatic finish to the European Open in Hamburg on Sunday. The Englishman holed a 20-foot putt for birdie on the last hole to secure a one-shot victory ahead of Renato Paratore, Christofer Blomstrand and German amateur Allen John. McEvoy shot a final-round 1-over 73 for an 11-under 277 at Green Eagle Golf Courses. He won on his 285th European Tour appearance, 17 years after making his debut on the tour and just seven days after triumphing on the developmental European Challenge Tour. ”It’s incredible. I’ve waited a long time, 17 years as a pro on and off the Tour, from Challenge Tour to European Tour,” McEvoy said. Local amateur John produced a final-round 67 to creep up the leaderboard, while Blomstrand’s birdie on the 18th was enough to seal his share of second place. Full-field scores from the Porsche European Open McEvoy had started the final day in a share of the lead with Bryson DeChambeau but successive bogeys late in his round saw the American fall out of contention. DeChambeau (78) twice landed in the water on the final hole, with his triple bogey-8 dropping him to a share of 13th place, a stroke behind Masters champion Patrick Reed, who ended tied for ninth after a 4-over 76. Paratore was closest to forcing a playoff after a superb lay-up on the 18th led to the Italian narrowly missing an eagle chance. McEvoy became the first player this season to win on the Challenge Tour and European Tour in successive weeks after his triumph at the Le Vaudreuil Golf Challenge last week.last_img read more

Cleaners at Letterkenny University Hospital vote for industrial action

first_img LUH still not ready to restore IT systems Pregnant women can receive Covid vaccine at LYIT’s vaccination centre 75 positive cases of Covid confirmed in North Facebook WhatsApp Gardai continue to investigate Kilmacrennan fire By News Highland – December 10, 2015 RELATED ARTICLESMORE FROM AUTHOR Pinterest Google+ Twitter Previous articleDonegal families of victims of the Troubles take out full page advertisementNext articleHighland’s Farming News – Thursday 10th December News Highland center_img Cleaners at Letterkenny University Hospital vote for industrial action WhatsApp Cleaners working in Letterkenny University Hospital have voted overwhelmingly in favour of industrial action.SIPTU members at the Donegal hospital voted to strike over a decision to outsource the cleaning of the facility’s Out Patients Department.SIPTU Organiser, Declan Ferry, said: “Management has shown a complete disregard for its obligations under the Lansdowne Road Agreement in this decision to outsource cleaning services in the Out Patients Department.“On a number of occasions, SIPTU representatives have raised with management the need to employ additional staff in the domestic services department due to the number of workers who retired or left while the public sector recruitment moratorium was in place. We re-emphasised our concerns over the lack of cleaning staff following the publication of a highly critical HIQA report earlier this year. These concerns were ignored.”He added: “The result of this ballot on industrial action reflects the strong commitment of our members to fight the creeping privatisation of services in the hospital. The attempt by management to outsource the cleaning of a public hospital to private ‘for profit’ contractors will not be accepted.” Twitter Lárionad Acmhainní Nádúrtha CTR to take part in new research project Facebook Google+ Pinterest Further drop in people receiving PUP in Donegal Homepage BannerNewslast_img read more