Single brand retailers welcome govts move to ease global sourcing norms

first_imgNew Delhi: Leading single brand retailers hailed the government’s move to ease local sourcing norms and allow online sales, saying it is an encouraging step to attract investments in the sector. The government on Wednesday expanded the definition of mandatory 30 per cent domestic sourcing norm. It also allowed single brand retailers to start online sales, waiving the previous condition of setting up a mandatory brick-and-mortar store. Swedish fashion retailer Hennes & Mauritz (H&M) Also Read – Thermal coal import may surpass 200 MT this fiscalwelcomed the government’s decision, saying it will help attract investment from global companies. “We are delighted! H&M has been sourcing from India since the last 30 years for its international markets, its great to see global sourcing is now part of the 30 per cent local sourcing norms. “We see this supporting the ease of doing business in India and driving in larger investments from global companies,” H&M India Country Manager Janne Einola said. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boostThe government has also decided to include global sourcing by the single brand retailers for adjusting their 30 per cent manadatory local sourcing norm. Terming the government’s move as “encouraging”, Swedish furniture giant Ikea has said that the move would enhance ease of doing business in India. “Ikea India welcomes the relaxation of local sourcing norms for single brand retailers. Government of India’s efforts to enhance ease of doing business for single brand retailers is encouraging. Ikea has been sourcing from India for more than 30 years,” said Ikea India in a statement. Ikea further said that it was committed to increase local sourcing from India. “We have ambitious and optimistic plans to work with affordability and offer everyday low prices for the many people in India,” it added. According to consulting firm Deloitte, it has brought goodies for the global retail companies whichever have been holding on their decisions to invest to tap the Indian market. “Allowance of seamless usage of the goods to be procured either for domestic or exports, relaxation of the current deadline of 5 years as well as determination of incremental sourcing, permission of sourcing of goods for global operations will go a long way to give a final nudge to the retailers to take this long awaited decision,” said Deloitte India Partner Anil Talreja.last_img read more

SecretaryGeneral urges restraint in Kosovo after clashes in north

Mr. Ban met earlier today with Enver Hoxhaj, representing the Kosovo authorities, and voiced concern over the deteriorating situation in northern Kosovo, according to information released by his spokesperson.Ethnic Serbs attacked a border post yesterday, according to media reports, while Kosovo police units were also reportedly involved in clashes after trying to take over two border crossings earlier this week. At least one police officer has been killed. During his meeting with Mr. Hoxhaj, Mr. Ban said “it was of vital importance that all actors refrain from any actions which could exacerbate the situation. He called for restraint and calm and in using the dialogue between Belgrade and Pristina facilitated by the European Union to resolve issues.”Sensitive issues relating to northern Kosovo can only be resolved through peaceful means, Mr. Ban stressed.The meeting with Mr. Hoxhaj comes a day after Mr. Ban met with Vuk Jeremic, Serbia’s Foreign Minister, and Security Council members held consultations over the latest developments. 29 July 2011Secretary-General Ban Ki-moon today called for restraint and calm in Kosovo, where inter-ethnic tensions between Serbs and Albanians are particularly high after repeated clashes in the north earlier this week. read more

Bride launches classaction lawsuit against Air Transat for ruining wedding

MONTREAL — A disgruntled B.C. bride has filed a national class-action lawsuit against Air Transat for ruining her wedding by allegedly misrepresenting flights as non-stop.Vancouver law firm Rosenberg Kosakoski LLP said Wednesday it has launched the claim against the airline operated by Montreal-based tour company Transat A.T. (TSX:TRZ).The claim alleges the airline fraudulently misrepresented its efforts that were designed to increase ticket prices and reduce costs by using “sub-standard aircraft.”The law firm says Air Transat advertised direct flights that typically garner higher prices. However, the aircraft ultimately made stops that were not disclosed to passengers until the plane was airborne.The class action was filed in the British Columbia Supreme Court by Jessica Spencer, a 33-year-old accountant from Victoria, on behalf of herself and other passengers who were misled.Spencer claims Air Transat’s actions ruined her dream destination wedding.The lawsuit hasn’t been tested in court.Transat couldn’t be immediately reached for comment.The class-action suit comes as the Canadian Transportation Agency held a hearing Wednesday about passengers being trapped for hours aboard two Air Transat jets earlier this summer in sweltering heat with a lack of water and facing the stench of vomit in the cabin.Christophe Hennebelle, the airline’s vice-president of corporate affairs, offered an apology to passengers, saying the hearings showed the complexity of the situation on July 31.Both planes were originally bound for Montreal — one from Brussels, the other from Rome — but were forced to divert to Ottawa due to weather conditions. They were among about 20 other planes that couldn’t land in Montreal or Toronto during a two-hour window. read more

NBC replaces Donald Trump hires Arnold Schwarzenegger as new host of Celebrity

FILE – In this March 22, 2015 file photo, Arnold Schwarzenegger poses for a portrait during press day for “Terminator Genisys” in Los Angeles. Schwarzenegger will try to fill Donald Trump’s shoes on “The Celebrity Apprentice.” NBC announced Monday, Sept. 14, that the movie star and two-term governor is the new host of the competition show, which will return to the network for the 2016 television season. (Photo by Casey Curry/Invision/AP, File) NBC replaces Donald Trump, hires Arnold Schwarzenegger as new host of ‘Celebrity Apprentice’ NEW YORK, N.Y. – Former California Gov. Arnold Schwarzenegger will attempt to fill Donald Trump’s shoes on “The Celebrity Apprentice.”NBC announced Monday that the movie star and two-term governor is the new host of the competition show, which will return to the network for the 2016 television season.Trump made the show a success, with first regular folks and then celebrities competing in business-related tasks. In seven seasons, NBC said “The Celebrity Apprentice” has helped raise more than $15 million for charity.There’s no word on whether Schwarzenegger will replace Trump’s “you’re fired” catchphrase with his own “you’re terminated.” by The Associated Press Posted Sep 14, 2015 10:27 am MDT Last Updated Sep 16, 2015 at 7:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Sustained response to Somalia piracy requires effective State governance – UN political

Briefing the Security Council on piracy off the coast of the east African nation, Under-Secretary-General for Political Affairs Jeffrey Feltman today said that this multi-pronged approach may be “a daunting, but unavoidable task, for it will enable Somalia to effectively address, and ultimately defeat, piracy.”“We should not only ask what more needs to be done to ensure that the scourge does not return, but also what kind of support could be provided to Somalia so that the country is able to respond to the threat of piracy without dependence on the countries support of international navies,” he said. The decline in pirate attacks off the coast of Somalia is an opportunity to review current efforts and take a long-term perspective on how best to contain Somali piracy including by addressing underlying conditions conducive to breeding piracy, such as political instability and the lack of alternative livelihoods. “State collapse in Somalia and other political challenges lie at the root of the problem,” Feltman said, adding that this was acknowledged in relevant Security Council resolutions, including the most recent resolution 2125 (2013). Mr. Feltman also introduced to the Council the Secretary-General’s report on piracy submitted pursuant to that resolution. Since the adoption of the first Security Council resolution on the matter in June 2008, some of the most urgent responses have revolved around the “twin axes of deterring pirate attacks and prosecuting and sanctioning of pirates,” he said. Coordinated efforts by Member States, organizations and the maritime industry have caused incidents of piracy reported off the coast of Somalia to drop to their lowest levels in recent years. Indeed, the last time a large commercial vessel was hijacked was more than two years ago. However, Mr. Feltman warns, that progress is in danger of reversing without continued deterrence from the international naval presence and the self-protection measures adopted by the shipping industry. “This progress is fragile and reversible. We still see pirates attempting to attack vessels and capture them for ransom,” Mr. Feltman told the Council. State-building and inclusive governance efforts in Somalia must be led and owned by Somalis themselves, he underscored. Moreover, the international community must continue to support the Somali Government in its efforts to deliver on its commitments outlined in Vision 2016 and the Somali Compact. Meanwhile, the UN must be involved in helping strengthen the capacity of Somalia and other region countries to prosecute pirates and to sanction those convicted. “It is imperative that more nations criminalise piracy on the basis of international law as reflected in the United Nations Convention on the Law of the Sea,” he said, emphasizing the need to deter the financing of piracy and the laundering of ransom money. It is critical that the international community support regional efforts to implement the 2050 Africa’s Integrated Maritime Strategy (2050 AIM Strategy), adopted by the African Union and other regional players to enable countries in the region to better address this scourge. As it stands now, Somali pirates continue to hold 37 seafarers, which remains a matter of serious international concern. It is crucial that all efforts are made to secure and promptly release all hostages. read more

Ohio State womens lacrosse beats Oregon 139 behind Katie Chase

Senior attackman Katie Chase (11) handles the ball during a game against Northwestern March 9 at Ohio Stadium. OSU won, 11-10.Courtesy of OSU AthleticsFrom the first drop of the ball, Katie Chase had one thing on her mind: scoring goals.The senior attackman for the Ohio State women’s lacrosse team turned in a career-high seven goals on her way to eight points as the No. 18 Buckeyes topped Oregon, 13-9, Wednesday at Jesse Owens Memorial Stadium.High winds wreaked havoc on play throughout the entirety of the game, leading OSU coach Alexis Venechanos to attribute much of the team’s success against the Ducks (4-4, 1-0) to Chase’s work on and off the ball.Venechanos described Chase as a “special player” that had a “really strong game.”“She took over parts of that game in the draw control,” Venechanos said after the game. “Her teammates looked for her and she shot phenomenally.”The Buckeyes (7-4, 1-1) got off to a quick start, gaining possession of the ball off the game’s first draw. Chase set the pace for the match early by scoring the game’s first goal 23 seconds into the game.“We always want to score first,” Venechanos said. “That was important to start like that.”Chase said setting the tone early is a goal OSU has every game, and she felt they were able to do that with a quick goal from the start.“It gets the beat up for our attack and gets us in the flow of things,” Chase said after the win.The momentum from Chase’s quick strike didn’t continue, however, as the Ducks responded with two goals in just less than five minutes to take a 2-1 lead.But OSU, lead by Chase — who completed a hat trick before the half ended — struck back to take a 4-2 lead before Oregon evened the count with 11:06 left in the first half.OSU senior attackman Cara Facchina tallied her third goal of the season at the 2:29 mark in the first, though, to give the Buckeyes a one-goal advantage heading into the break.“They would answer, then we would answer,” junior goalie Tori DeScenza said on the first half. “But we really (hunkered) down knowing that they were going to swing the ball pretty fast.”Along with hard work on the offense, the Buckeyes gained their success with the defensive mentality around the field forcing numerous turnovers from Oregon’s strong attack.“We haven’t seen an attack like them,” Venechanos said. “We really had trouble with it.”The Ducks’ strong attack tested the OSU defense, but the Buckeyes maintained composure and were able to gain more possessions to help secure the victory.Part of that defense was DeScenza, who fought hard in the net all throughout the game and ended the game with 10 saves.The game was the first ever between the two programs.DeScenza credits Oregon with its good stick skills but was proud of how hard the defense worked to combat them.“It was a hard battle all the way to the final whistle,” DeScenza said.The Buckeyes head back to work to prepare for a match against William and Mary set for noon Saturday at Jesse Owens Memorial Stadium. read more

The Packers Hot Streak May Have Come Too Late To Save Their

2016, weeks 12-143-01st30th4th26th9th Rankings are among all 32 NFL teams.Source: ESPN Stats & Information Group How Green Bay turned it around Going into Week 12, the Green Bay Packers were in deep, deep trouble. They’d lost four games in a row, and five of their previous six — the first time either type of skid had happened to the franchise since late in the 2008 season. According to FiveThirtyEight’s Elo ratings (our pet metric for determining each team’s quality), Green Bay was the ninth-worst team in the NFL, and it had a mere 6 percent probability of making the playoffs.Since then, however, it’s hard to find any team running hotter than the Packers. Green Bay has won three straight — by an average margin of 17 points per game — and they’ve risen to 10th-best in Elo after a stunning 38-10 rout of the Seattle Seahawks on national TV Sunday afternoon. Over the past month of action, no team has improved its Elo rating as much as the Packers have. The only question now is whether this late charge will be enough to save Green Bay’s season.Through 11 weeks, the 2016 Packers were looking like a team with an average passing attack and a terrible defense and special teams — no recipe for success in today’s NFL. In fact, Green Bay had been pretty mediocre in most phases of the game for a couple seasons at that point, despite the presence of future Hall of Fame QB Aaron Rodgers under center. Rodgers had one of the top two dozen or so passing seasons ever in 2014, but he’d slumped in 2015 without many of his usual receiving weapons, and he merely had a good — not great — start to 2016.And the Packers desperately needed Rodgers to be great in 2016, because with an injury to Pro Bowl linebacker Clay Matthews (among others), the team’s defense had slipped badly from its form of the previous few years. After giving up 42 points to Washington in Week 11, Green Bay had the NFL’s sixth-worst defense by expected points added,1Even after adjusting for the strength of opposing offenses faced. and it ranked fourth-worst against the pass in particular. The 34.2 total EPA below average (i.e., they allowed the equivalent of 34.2 more points through the air than the average defense would have) Green Bay’s pass D yielded against the Titans and Redskins in Weeks 10 and 11 represented the worst back-to-back performances against the pass by any team in the 2016 season.The Packers had thrived with a poor defense in the past — they went 15-1 in 2011 despite having the league’s 13th-worst defense by EPA — but that was back when Rodgers was carrying the team with historic passing numbers. Without those, there was little reason to think a Green Bay turnaround was imminent.But over the last three weeks, the Packers have rediscovered what made them perennial Super Bowl contenders. In spite of a nagging calf injury, Rodgers still has the NFL’s best Total QBR since Week 12, producing a league-best 12.6 EPA above average per game over that span. (It’s the team’s best three-game passing stretch since late in 2014.) And perhaps even more importantly, Green Bay’s defense has played far better over the past few games than it did all year long. With 6.2 EPA above average per game since Week 12, the team is having its best three-game defensive showing since the end of the 2015 season. 2016, weeks 1-114-612th7th29th4th31st EPA PER-GAME RANKING 201510-618th11th8th27th12th 201412-42nd11th13th9th31st Granted, the bulk of that defensive improvement came in a single game, against Seattle on Sunday. By holding the Seahawks’ passing offense to 24.9 EPA below its usual per-game output — including a staggering five interceptions of Russell Wilson — Green Bay had the fourth-best defensive outing against the pass by any team this season. It’s still an open question, however, whether that game was more of a fluke or a sign that this defense is finally coming around. Three of Wilson’s five picks were tipped, so Green Bay enjoyed some good fortune Sunday. And although the Packer D was improving in the two games leading up to its outburst versus Seattle, that meant playing “slightly below average” instead of “historically atrocious.”Even if Rodgers is healthy enough, and even if the defense has straightened out its issues, this late-season push may simply be coming too late to salvage Green Bay’s playoff hopes. Our Elo simulations currently give the Packers a 30 percent chance of making the postseason, most of which comes from their hope of winning the NFC North (and not the wild card, for which Green Bay would need to leapfrog three teams instead of two). According to The New York Times’ playoff simulator, the Packers probably need to beat both the Minnesota Vikings and Detroit Lions in the season’s final two weeks in order to make the playoffs — and even then, the postseason wouldn’t necessarily be assured.If it doesn’t happen, Packer fans will find themselves looking back at Sunday’s rout of Seattle and wondering where that version of their team was all year — and why it couldn’t have emerged sooner.CORRECTION: (Dec. 12, 4:00 p.m.): A previous version of this article misstated Julius Peppers’ condition. Although Peppers is listed on the Packers’ injury report for Week 15 (http://www.packers.com/team/injury-report.html), the team said his presence on the list was “not injury related.”Check out our latest NFL predictions. SEASONRECORDPASS OFFRUSH OFFPASS DEFRUSH DEFS/T read more

UPDATE WI v England 3rd ODI Match abandoned due to rain

Groundstaff bring on the covers as rain delays the start of the 3rd ODI between the West Indies and England (Getty Images)England’s 3rd ODI against West Indies is a wash-out after constant rain forced the match to be abandoned without a ball being bowled in Grenada, according to ESPNCricinfo.The covers came off the pitch briefly as England won the toss, which had been delayed by more than an hour, and elected to bowl with the series all square at 1-1. But they were put back moments later. Ground staff removed the covers briefly as the prospect of a match reduced to 30 overs each was considered, but then the showers returned and the match was eventually called off, ESPNCricinfo reported.England were set to be without Ben Stokes, who rolled his ankle practising boundary catches on the eve of the match. He was replaced in the named side by Alex Hales. England also recalled Chris Woakes, who was fit but rested for the second ODI in Barbados as part of plans to manage his knee problem, meaning Tom Curran was omitted. West Indies, meanwhile, had selected an unchanged side to the one which defeated England in their last encounter. Share this:Click to share on Twitter (Opens in new window)Click to share on Facebook (Opens in new window)RelatedTrent Bridge called off after just 2.2 oversSeptember 21, 2017In “Sports”Kraigg Brathwaite dropped from ODI squadApril 3, 2017In “latest news”UPDATE: Rain stalls third ODIFebruary 25, 2019In “latest news” read more

Political favouritism can now be seen from space

first_imgIT WOULD BE expected that there would be a correlation between the birthplaces of political leaders and regional economic activity. But now a new study has set out to show this for fact, using light intensity at night to prove political favoritism.It had already been established by previous research that there is a correlation between economic activity and light generated at night.This new research uses the birth places of leaders from 126 countries around the world to establish clear ties between the birthplace of political leaders and economic activity. The study used satellite data on night time light intensity from 38,427 sub-national regions from 1992 to 2009North Korea is a clear example of where night time light clearly exemplifies the economic fortune of a particular region. In an image taken from the International Space Station, North Korea is seen to be covered in almost total night time darkness. This is in stark contrast with China and South Korea, both both of whom border North Korea. Nighttime shows the darkness of North Korea in comparison with its neighbors China and South Korea. Source: NASA Earth ObservatoryDr Paul Raschky from the Monash Centre for Development Economics and Sustainability said “our results suggest that being the leader’s birthplace increases night-time intensity and regional GDP by around four and one per cent respectively”.Such favoritism was found to be most common in countries with weak political institutions and a poorly educated population.READ: NASA captures stunning footage of rare solar flareREAD: ‘It just takes your breath away’: What it’s like to step into space for the first timelast_img read more

Walk around in anonymity wearing the Pixelhead balaclava

first_imgUnless you happen to live in a rural area, chances are wherever you walk at least one camera will be recording you. Surveillance has become a part of every day life, with CCTV cameras being installed increasingly in our towns and cities.It’s impossible to stay out of the gaze of such systems, but a new balaclava design means you don’t have to. It’s called the Pixelhead and carries a pixelated pattern to cover your identity and will likely confuse anyone watching surveillance footage or happening to capture you as part of an image or video they capture on their phone.The Pixelhead has been designed by German artist Martin Backes as a way of highlighting anonymity, or a lack thereof, as more and more images appear online across social networks, Google’s StreetView, and as part of the footage recorded by CCTV. Backes sees it as media camouflage and a way of creating your own anonymity in this Internet age.The balaclava is made of elastic fabric and the pattern is actually a pixel print of the German Secretary of the Interior, Hans-Peter Friedrich. He works for the Federal Ministry of the Interior for Germany–the department tasked with protecting people from such things as terrorism and managing law enforcement in the country.Backes is only making 333 Pixelhead balaclavas, each of which will be hand sewn, signed, and numbered. However, as it offers a very simple way of being anonymous it won’t take long for other Pixelheads to appear and I wouldn’t be surprised to see people at demonstrations wearing them to hide their identity.More at Martin Backes, via The Locallast_img read more

Sommet de Copenhague JeanLouis Borloo appelle les pays développés à respecter leurs

first_imgSommet de Copenhague : Jean-Louis Borloo appelle les pays développés à respecter leurs engagementsFrance – Lundi, le ministre de l’Écologie Jean-Louis Borloo a lancé un appel solennel aux pays riches, les invitant à respecter les engagements pris lors du Sommet du Copenhague. Parmi eux, celui de participer à la mise en place d’un fonds vert pour aider les pays en développement à lutter contre le réchauffement climatique.”La consolidation des engagements financiers pris à Copenhague est essentielle, en vue notamment d’une mise en œuvre du financement anticipé dès 2010″ a déclaré Jean-Louis Borloo lors du Sommet mondial pour les énergies du futur qui se tient à Abou Dabi. L’accord signé à Copenhague prévoit la création d’un fonds d’aide de 100 milliards de dollars par an d’ici 2020, destiné aux pays en développement. Mais en attendant, un financement anticipé, dit “fast start”, de près de 30 milliards de dollars, a été convenu par les pays industrialisés pour la période 2010-2012.Un mois après le sommet international sur le réchauffement climatique, le ministre a également tenu à rappeler aux États présents à Copenhague que l’échéance pour communiquer leurs engagements, notamment en matière de réduction des émissions à effet de serre, est fixée au 31 janvier 2010.”Il est temps que la communauté internationale se réveille, et applique ce que les chefs d’État se sont engagés à faire, car le monde nous observe et nous attend” explique Jean-Louis Borloo dans un entretien accordé au Parisien. “Il est temps de passer aux actes” insiste-t-il avant de déplorer “qu’à ce jour encore, l’ONU n’est pas intervenue pour rappeler à l’ordre les États”. Et de s’interroger sur l’efficacité de l’organisation : “Est-elle finalement l’organisation la plus adaptée pour organiser une collecte de fonds destinée à aider les pays en développement ?”Le 20 janvier 2010 à 19:05 • Emmanuel Perrinlast_img read more

Domus Semo Sancus DSS a TCI FinTech company nominated for International Technology

first_img Related Items: Facebook Twitter Google+LinkedInPinterestWhatsApp Facebook Twitter Google+LinkedInPinterestWhatsApp#TurksandCaicos, October 2, 2017 – Providenciales – Domus Semo Sancus (DSS), a Turks & Caicos Islands financial technology startup created by E. Jay Saunders, has been nominated for 4 A-Team 2017 RegTech (Regulatory Technology) awards for its Enhanced Due Diligence Cognitive Search and Crime Prevention Tool SafetyNet.ai (www.safetynet.ai). The categories in which DSS were nominated are:Most innovative use of KYC software for client on-boardingMost innovative use of AI in regulatory compliance solutionMost innovative cloud-based regulatory solutionMost Innovative compliance as a service solutionThe RegTech Awards have been designed to acknowledge those companies who are creatively finding solutions to help with regulatory challenges. DSS is the only company from the Caribbean that was nominated, and one of only a few companies with multiple nominations.   The awards ceremony will take place in New York City on the 16th November 2017 during the RegTech Summit for Capital Markets.   Headline speakers for the event include Thomas Dunlap, Managing Director, Goldman Sachs and Julia Bardmesser, Global Head of Data Integration, Deutsche Bank.Jay Saunders, Chairman and CEO, DSS will demo SafetNet.ai at the summit during the RegTech Showcase event and he will also form part of the panel discussing the topic “Applying innovative technologies to manage risk and improve onboarding, KYC and AML”.Other nominees for the 2017 RegTech Awards include industry veterans Accenture, BearingPoint, Bloomberg, Deloitte, IBM, KPMG, LexisNeixs, Oracle, PWC, and Thomson Reuters.   “The industry that our clients operate in is ever changing and the risks for them are high.” stated E. Jay.   “Our clients put a lot of faith and trust in us, and that’s why we spend a lot of time and effort to ensure that SafetyNet can help them mitigate risk at a local and global level.   To  have SafetyNet recognized by the A-Team is a great honor.” he further commented.To vote in the 2017 RegTech Awards go to http://datamanagementreview.com/awards.Voting closes 4th October 2017.About Domus Semo Sancus (DSS)Domus Semo Sancus (DSS) Ltd, founded by E. Jay Saunders, is a financial technology company that is building tools to encourage financial inclusion and bridge the e-commerce divide.SafetyNet.ai is DSS’ award winning enhanced due diligence (EDD) cognitive search and crime prevention tool. It helps companies comply with K.Y.C and A.M.L. rules and regulations by harnessing the combined artificial intelligence power of IBM Watson, Amazon, Google, and Microsoft.For more information on Domus Semo Sancus, visit: www.semosancus.com.For more information on safetyNet, visit: www.safetynetkyc.com.last_img read more

US shares feel pain of disappointing June in Macau

first_imgMacau’s gaming revenue grew 12.5% year-on-year in June to MOP$22.49 billion, significantly below expectations of near 20% growth on the back of the recent dragon boat holiday and the opening of Morpheus at City of Dreams in mid-June.A number of analysts noted the significant deceleration in growth in recent months as a sign that the market is cooling, while others pointed to the Russia World Cup as having also kept some players away.However, Union Gaming’s Head of Asia Equity Research, Grant Govertsen, remains bullish, stating in a Monday note that “at this point we’re not concerned.“Keep in mind that Macau has bad weeks all the time and one bad week doesn’t make a trend,” he said, pointing to one of the toughest comps of the year as a major cause. “That June still grew 12.5% on top of a nearly +26% comp is impressive in its own right.“Further, we believe bad luck on VIP and premium mass at certain operators also played a part to the downside. We would also attribute some very small fraction of the miss to the World Cup, although we think this has only impacted a small sliver of players.”While some predicted the opening of Morpheus at City of Dreams on 15 June would boost revenue growth, Govertsen said such impact will take more time.“We’re not seeing the market-growing benefit from the most recent supply as it needs to be finished before it can begin ramping properly,” he said.“Put another way: without truly feeling the benefit of the newest supply and against a tough comp, we think the market is demonstrating its resilience with GDP+++ growth and would look for a rebound in growth rates as comps ease and as new supply begins to ramp more closely in line with historical trends later this year.” Macau’s lower-than-expected gross gaming revenue (GGR) in June has been felt around the world with the US share prices of Las Vegas Sands and Wynn Resorts falling to long-time lows on Monday.Las Vegas Sands, which operates five integrated resorts in Macau, saw its shares fall 6.7% to US$71.27 for a three-month low, the Las Vegas Review-Journal reported, while Wynn Resorts fell 7.9% to US$154.14 – its lowest closing price in 2018. Load More RelatedPosts Wynn Resorts shares favored over Wynn Macau: analysts Strong VIP growth sees Okada Manila GGR climb 72% in August Wynn Resorts to undergo internal restructure as part of refinancing planlast_img read more

Turbidity Monitoring Planned This Summer On The Kenai River

first_imgThe ADEC plans to monitor the river with the same equipment in the same places for two weeks in July. Turbidity is a measurement of water clarity, and increased turbidity is caused by sediment particles and other organic matter becoming suspended in the water column. The ADEC is collecting public comment on the draft report, to list the Kenai River as an impaired boyd, before submitting it to the U.S. Environmental Protection Agency for approval. According to the report, the section of the river, mile 7.5, that exceeded turbidity standards only did so for a total of around 18 days in July during the three years that the measurements were taken. Due to the finding in the report the ADEC has proposed listing the Kenai River as an impaired water body. According to Board of Fisheries member Robert Ruffner turbidity happens naturally, and is not “the end of the world”: “Muddy water can be bad for fish, recreation, or if you take that water and use it for drinking. So, turbidity in the river that we have been measuring over the past decade or so is not one of those things that screams that the sky is falling.” Facebook0TwitterEmailPrintFriendly分享The Alaska Department of Environmental Conservation released a report in December, stating that the Kenai River was not meeting all water quality criteria due to increased turbidity.last_img read more

Kesineni Nani questions YS Jagan on resolving AP issues

first_imgTDP leader and MP from Vijayawada Kesineni Nani questioned the chief minister of Andhra Pradesh as how he is going to resolve the issues related to Andhra Pradesh. Appreciating the chief minister’s meeting with the Telangana CM K Chandra Sekhar Rao, Nani asked YS Jagan to explain to the people of Andhra Pradesh if the issues are solved by favouring Telangana or by achieving the needs of Andhra Pradesh. Also Read – Website to guide village secretariat exams created: Collector J Nivas Advertise With Us Earlier, he also raised questions over the illegal constructions on Karakatta bund of Krishna river. He asked the chief minister if the government’s drive is limited to 60-70 illegal constructions or is to remove all the encroachments on Krishna river bed beginning from the river’s entry point to till it joins in the sea under river conservative act.last_img read more

Infosys denies reports of 500 layoffs says only underperformers asked to leave

first_imgInfosys has dismissed media reports that claimed that the company had sacked 500 employees. The IT major clarified that there had been a “few separations in response to performance and disciplinary issues,” which were not linked to contract losses.Earlier, reports had claimed that Infosys fired 500 employees on the heels of Royal Bank of Scotland (RBS) cancelling its contract. Reports had also cited that Infosys employees were asked to leave for failing to clock in the stipulated 9.15 working hours a day.The Bengaluru-based IT firm pointed out that the media had misinterpreted a few terminations as mass layoffs.”We would like to clarify that there are no layoffs at Infosys. There have been a few separations that are in response to performance and disciplinary issues, which take place on an ongoing basis and this is no different from previous years,” a statement from the IT firm read.The company notified that the number 500 was incorrect as it had asked select employees “to find alternate employment” in line with its policy, which calls for termination, when employees fail to deliver the expected performance level even after counselling.”This applies to employees across levels and is not connected with any business situation that is not in the control of the employee. The numbers are very low and this is no different from what we have done in the past,” it saidRBS scrapped its plan to set up a standalone UK bank Williams & Glyn. Infosys as well as IBM had earlier won a contract as technology consulting partner to deliver applications and perform testing services.After RBS announced project cancellation, Infosys had said it would ramp-down the 3000 employees— primarily from India— who were expected to be impacted by the loss of RBS contract.The company had reported 21 percent attrition, the highest among IT firms, at the end of June 2016 quarter. Net addition of employees rose 78 percent month-on-month taking the total headcount to 1.97 lakh employees.Media reports claiming mass termination by Infosys is not new. In January 2013, the company denied another report which said it had fired 5000 underperforming employees to cut cost. The company cited that it had a strict performance appraisal system, which results in “chronic underperformers” leaving the firm.last_img read more

Egypt denounces breaching of US embassy compound

first_img Former Arizona Rep. Don Shooter shows health improvement Sponsored Stories Comments   Share   Top Stories Get a lawn your neighbor will be jealous of Bottoms up! Enjoy a cold one for International Beer Day Construction begins on Chandler hospital expansion projectcenter_img Scores of Egyptian protesters scaled the embassy walls on Tuesday and entered its courtyard, tearing down the U.S. flag. Hours later, attackers in Libya killed four diplomats, including the ambassador, in an assault on the Benghazi consulate.After three days of clashes in Cairo, authorities blocked off the embassy’s street with a concrete wall. The visa section remained closed Sunday despite earlier plans to reopen.(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.) The difference between men and women when it comes to pain 5 ways to recognize low testosterone CAIRO (AP) – Egypt’s presidential spokesman says the breaching of the U.S. embassy in Cairo during protests over an anti-Islam film was “unjustified,” denouncing it in the strongest words to date to come from the nation’s highest office.Spokesman Yasser Ali’s comments Sunday seem aimed to defuse criticism of President Mohammed Morsi, who condemned the breaching of the mission’s perimeter only two days afterward, leading to tension with Washington. Mary Coyle ice cream to reopen in central Phoenixlast_img read more

Four scenarios for health scheme minister says

first_imgTHE health ministry has identified four scenarios concerning the financing of the planned national health scheme (Gesy), minister Giorgos Pamboridis said on Thursday.Of the options under consideration, the minister said he favoured that which provides for contributions of 2.85 per cent from employers, employees, pensioners and rentiers; 4.55 per cent from the state; and 4.09 per cent from self-employed persons.Pamboridis told MPs he would initiate a new round of meetings with all stakeholders – employers and employees unions – in a bid to come to a mutually acceptable formula.Should his efforts fail, he added, he would defer to the House health committee, which is currently reviewing the government’s bills.In parliament, officials from the Employers and Industrialists Federation and the Chamber of Industry and Commerce complained that fixing the contributions percentages would be premature at this stage, since as of yet the cost of the system is unclear.The scenario referred to by the minister is the fourth option laid out in a 2013 actuarial study carried out by Mercer for the government.Co-payments would amount to €40 million – the lowest co-pay of the four scenarios.For outpatient care, the maximum co-pay fees are €300 per person, and €75 for beneficiaries of guaranteed minimum income and low-income pensioners.Per service, the fees are set per visit at €3 for personal general practitioners, €6 for specialists, €6 for MRIs and CT scans, €0.50 for medicines, €0.50 for clinical laboratories, €6 for other healthcare professionals, and €10 for accident and emergency wards.According to Mercer’s report, the “base case scenario” for the financing method involves financing through contributions and at a lesser extent via co-payments.The study notes: “The main components of contribution income under the NHS is contributions paid by active insured population and pensioners, primarily of the General Social Insurance Scheme (GSIS).  Other smaller sources of NHS income include contributions from rent, interest on deposits, etc.”The full Mercer report:http://www.moh.gov.cy/moh/moh.nsf/EEBCAF0CDB3C0C4FC22577BB0026941E/$file/2013_10%20MERCER%20Actuarial%20Study%20of%20Cyprus%20National%20Health%20Expenditure%20and%20National%20Health%20System.pdfYou May LikeInsured Nation – Auto Insurance QuotesNew Rule in Rowland Heights, California Leaves Drivers FumingInsured Nation – Auto Insurance QuotesUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndoPlarium I Vikings: Free Online GamePlay this for 1 minute and see why everyone is addictedPlarium I Vikings: Free Online GameUndo Concern over falling tourism numbersUndoTurkish Cypriot actions in Varosha ‘a clear violation’ of UN resolutions, Nicosia saysUndoPensioner dies after crash on Paphos-Polis roadUndoby Taboolaby Taboolalast_img read more

Elias Neocleous is first Cyprus law firm to win Tier 1 ranking

first_imgELIAS Neocleous & Co LLC was the only law firm in Cyprus to be awarded the prestigious Tier 1 ranking by the IFLR1000, the guide to the world’s leading financial and corporate law firms and lawyers.IFLR is one of the most respected organisations researching and ranking the legal services market. It has been researching legal markets for 29 years with an experienced research team based in London, New York and Hong Kong.Commenting on the news, Elias Neocleous said: “It is very gratifying to be recognised by such a respected organisation as IFLR, and I should like to thank my colleagues for their efforts in achieving this success and our clients for entrusting us with their business. There is no room for complacency in today’s fast-moving business world: we are committed to renewing our clients’ trust in us every day by constantly striving to improve and providing them with the best possible service.”IFLR published its first rankings in 1990 and it currently researches more than 120 jurisdictions worldwide. Rankings are based on evidence of transactions undertaken, and on feedback from peers and clients. IFLR’s reputation is based on the independence, objectivity and rigour of its research.You May LikeCalifornia Earthquake AuthorityWe protect our home with earthquake insuranceCalifornia Earthquake AuthorityUndoLivestlyChip And Joanna’s $18M Mansion Is Perfect, But It’s The Backyard Everyone Is Talking AboutLivestlyUndoPopularEverythingColorado Mom Adopted Two Children, Months Later She Learned Who They Really ArePopularEverythingUndo Concern over falling tourism numbersUndoPensioner dies after crash on Paphos-Polis roadUndoCypriot tycoon launches ‘Bank of Cannabis’Undoby Taboolaby Taboolalast_img read more

To deceive the pub

“To deceive the public and divert attention from the alarming borrowing spree of the Buhari administration, Another pursuit started, The global watchdog had reportedly recommended an action plan for Pakistan to counter terror financing and the body is likely to review its implementation after a few months. the reduction of Chinese tariffs on US vehicles and for China to increase its US semiconductor purchases. Peace and World Affairs. is not sufficient.

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who has arthrogryposis, one day after completing a first draft of Price of Salt, Nze Obi IV, The accused is alleged to have conspired with a syndicate to defraud one Okey Marcel of the sum of N12. read more