Asian stocks slump amid fears of global economic slowdown

first_img Fears of a global economic slowdown took its toll on Asian markets overnight, as stocks slumped amid growing investor caution.Read more: Fed slows balance sheet reduction and holds line on rates Monday 25 March 2019 7:36 am by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May Likebonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comBleacherBreaker4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!BleacherBreakerDefinitionMost Embarrassing Mistakes Ever Made In HistoryDefinitionFilm OracleThey Drained Niagara Falls – Their Gruesome Find Will Keep You Up All NightFilm OraclePost FunA Coast Guard Spotted Movement On A Remote Island, Then Looked CloserPost FunZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldMisterStoryWoman files for divorce after seeing this photoMisterStoryHealthyGem20 Hair Shapes That Make A Man Over 60 Look 40HealthyGemPets DetectiveAfter Céline Dion’s Major Weight Loss, She Confirms What We Suspected All AlongPets Detective whatsapp Tags: Company Eurozone FTSE 100 Read This NextIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamourTop 5 Tips If You’re Losing Your EyebrowsVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapWhat Causes Hair Loss? Every Trigger ExplainedVegamourSmoking and Hair Loss: Are They Connected?VegamourThis Is How Often You Should Cut Your HairVegamourRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe Wrap Joe Curtis whatsapp Madden added: “US equity index futures are now in the red due to worldwide sell-off, but they opened higher on the session when the US attorney general, William Barr, said the Mueller investigation did not find sufficient evidence that Donald Trump colluded with Russia during his 2016 presidential campaign.”On Friday the FTSE 100 closed down two per cent as poor Eurozone economic data added to concerns. Japan’s benchmark Nikkei 225 index tumbled 3.1 per cent, as trading opened on Monday after a week of unrest across global markets.Hong Kong’s Hang Seng index also dipped 1.6 per cent and the Shanghai Composite fell one per cent in afternoon trading.A dovish decision from the Federal Reserve to hold interest rates and a swathe of downbeat US and European data last week knocked positive investor sentiment last week.“Overnight, stocks in Asia sold-off heavily as concerns for the health of the global economy weighed on sentiment. Heavy losses were sustained in Japan and China,” according to David Madden, market analyst at CMC Markets UK.Read more: Euro drops as Eurozone manufacturing activity hits six-year low Asian stocks slump amid fears of global economic slowdown Share last_img read more

The time is right for ESG ETFs

first_img Share this article and your comments with peers on social media Related news Mary Hagerman As I said while speaking on a panel at Inside ETFs Canada in November, much has changed since then. There has been a proliferation of ESG product in the mutual fund and ETF space. Industry statistics now challenge the notion that investors must sacrifice performance to invest in these types of products. But even more important is the mounting concern that something has to be done to save the environment and to reckon with widespread social injustices.The historic bull market that ended in March 2020 came to a halt because of a virus, not because of investor greed, rising interest rates or an economic bubble. Social inequalities have come to the forefront with this recession. This year alone has seen massive wildfires, hurricanes, and demonstrations for minority rights and women’s issues.As a result, now is the time to talk about the opportunities that exist in environmental, social  and governance (ESG) investing. Advisors who do not take advantage of this may lose access to the second generation of clients: your clients’ children, who will increasingly seek to have a greater sense of control over the future they will inherit through the investments they make.And these children will likely have the funds to make a meaningful impact. MSCI investor data indicate there will be a $30 trillion wealth transfer from baby boomers to 90 million millennials — the eldest of which have turned 40 — over the next few decades. Furthermore, 67% of millennials believe that investments “are a way to express social, political and environmental value” (compared with 36% of baby boomers).There is no greater compliment than a client asking you to help their children with their investments. Helping the children will also bolster your relationship with your clients and improve your understanding of their financial picture. I want to have conversations about money with the whole family and be there to help with the transfer of wealth over time.Waiting for the younger generation to talk to us about ESG is a missed opportunity. Advisors need to be proactive and have the vocabulary and investment tools to drive the ESG conversation.There is no need to be overly technical, but it is important to know the broad distinctions within the ethical investment world. ESG and socially responsible investing (SRI) have been used almost interchangeably to denote ethical investing. I have used both over the years, but as the ETF product offering grows, I prefer to work with investments that have ESG filters to build my portfolios, as opposed to SRI products that exclude certain companies or sectors.In my practice, clients are not surprised when I bring up my interest in using ESG products. I have been preparing them for this conversation over time with my articles and client newsletters.Sometimes, the response is an immediate “I’m interested in that.” Other times, older clients will defer to their younger children as potential clients. Sometimes, there is little to no response from the client and I take that as a sign that enough has been said. The real conversations will begin in a post-pandemic world, when meetings can be held in person, in a relaxed environment.As a discretionary portfolio manager, I began integrating ESG into my portfolios a few years ago with an emerging market ETF that had ESG screens. I have now broadened my offering to include portfolios that are 100% ESG.These portfolios are built with the same overall structure and asset allocation as my regular ETF-based portfolios, as explained in my past columns. Depending on the client’s risk profile, I maintain the same broad geographical weighting. I prefer to use ETFs with ESG filters that do not exclude companies or sectors, but instead focus on a best-in-class stock selection for the core portfolio positions. Satellite positions in the portfolio can be more thematic and have a different index construction methodology, such as impact investing or socially responsible investing.Whatever methodology one uses to construct a portfolio, it’s important to have conviction in the approach. Clients who want to make a difference by investing ethically look to their advisor for the best possible advice. Our relationship of trust opens the door to these discussions and puts us in the driver’s seat when it comes to product selection. ESG interest on the rise, but so is fear of greenwashing Keywords ETF,  ESG Facebook LinkedIn Twitter I’ve long maintained that ethical investing would take off after the next recession — and we are soon nearing that point.During the financial recession of 2008-2009, investors watched the value of their portfolios decline over 18 months. The priority for advisors was limiting losses and keeping clients from selling at the wrong time — it was not the time to suggest integrating more ethical investments into their portfolio. time clock iStock.com / TanyaJoy BMO launches new U.S. ETF series An inhospitable environment for bond ETFslast_img read more

Farmers Urged to Practise Sustainable Environmental Habits

first_imgAdvertisements FacebookTwitterWhatsAppEmail Minister of Agriculture and Lands, Hon. Roger Clarke, has called on farmers to practise sustainable environmental habits including terracing and tree planting, on lands that were prone to flooding.Minister Clarke, who was addressing a Food and Agriculture Organization-(FAO) sponsored workshop on the improvement of agricultural preparedness in Jamaica today (Dec. 5) at the Hotel Four Seasons, said that preventing loss of farm crops through prudent environmental stewardship was the first step to mitigating the effects of natural disasters, and served better than post-disaster relief efforts by the government.“We need to get back to basic things. What we have been experiencing over the last few years is a direct result of what we have done to the environment. We are cutting down trees and doing malpractices on the hillsides,” he pointed out.Noting that these unsustainable agricultural practices were widespread, Minister Clarke said, “I have gone into the hills of the Blue Mountains and these are large farmers doing coffee and they have gone through and denuded the hillsides planting coffee. After a while, the coffee moves off the hills and down into the valleys.”Minister Clarke pointed out that while compensation was important in the event of unforeseen losses, it was important to exercise prevention through good agricultural practices.He further urged farmers to make use of the technical advice provided by the extension officers of the Rural Agricultural Development Authority (RADA), noting that the failure of farmers to accept the advice of the officers was the main drawback to prevention efforts.“When the RADA people go to these people and say to them ‘do it this way’, many of them say ‘we have been doing this thing from when and we know how it must go’,” he said.The workshop is part of a regional project, which is designed to contribute to the improvement of disaster preparedness in countries that are highly prone to hydrometeorologic hazards. The overall aim is to compile and compare best practices across the Caribbean by disseminating the information that are gleaned in the plenary sessions of the workshops, which will take place in Jamaica, Cuba, Grenada and Haiti.Regional Coordinator of the FAO Project in the Caribbean, Audrey Mullings, said the workshop was important as “most of the small-scale farmers’ economic livelihood rely a lot on agriculture.”FAO Resident Representative in Jamaica, Dunstan Campbell informed that CARICOM was in the “final stages of putting together a Caribbean Catastrophe Risk Insurance Facility,” which would target key sectors of the economy for recovery after natural disasters as defined by respective governments”.Partners in the project are the Government of Jamaica, Caribbean Disaster Emergency Response Agency (CDERA), the University of the West Indies, the Office of Disaster Preparedness and Emergency Management (ODPEM) and the United States Agency for International Development (USAID). RelatedFarmers Urged to Practise Sustainable Environmental Habits Farmers Urged to Practise Sustainable Environmental Habits UncategorizedDecember 5, 2006center_img RelatedFarmers Urged to Practise Sustainable Environmental Habits RelatedFarmers Urged to Practise Sustainable Environmental Habitslast_img read more

U.S. Air Force establishes significant evolution in Foreign Area Officer career field

first_imgU.S. Air Force establishes significant evolution in Foreign Area Officer career field The Department of the Air Force announced Jan. 15, the opportunity for U.S. Air Force officers to voluntarily transfer into an internationally-focused core career field beginning spring 2021.Since 2005, the Foreign Area Officer program has organized and trained select Air Force officers to be language-enabled, culturally astute, and operationally relevant regional experts.More than 800 officers are currently certified as FAOs, filling a critical role in providing essential support to the National Defense Strategy by engaging foreign military leaders and government officials to build partner capability and capacity.The restructuring of the FAO program is part of the Air Force’s broader reorientation toward great power competition. The recommendation that emerged from an Air Force cross-functional team’s year-long study was to establish the FAO career field as a strategic core career field while retaining operational relevance.Until now, the Air Force FAO program operated as a secondary career field, alternating assignments between FAO and the officer’s core Air Force specialty code, or AFSC. This presented a key challenge in managing FAOs as strategic assets.“Focusing FAO development on International Airmen skills and experiences, rather than challenging officers to hit milestones in two career fields, is more important than ever to increase awareness in our current strategic context with both our allies and partners and in the joint community,” said Kelli Seybolt, deputy under secretary of the Air Force, international affairs.This strategic core career field will now be a Secretary of the Air Force International Affairs-managed AFSC, 16F or 16Z, to better cultivate professional development with a strategic international perspective. Within this new core AFSC, FAOs will be poised for more efficient utilization to meet Air Force strategic needs and will compete for promotion advancement within a single developmental category of professional FAO peers.Continued operational relevance will be achieved through “FAO-minded” Intervening Operational Tours in each FAO’s original AFSC that sustains the various operational skillsets of each specialty and enhances Air Force strategic international engagement interests within those fields. It presents an increased return on FAO investment to provide deepened regional expertise and requires less in terms of training, sustainment, and manpower to support FAO development. Restructure of the FAO program, and increased primary emphasis in FAO development, will reduce the required inventory for FAOs from other AFSCs by approximately 30%.“The United States Air Force FAO career field has been improving tremendously over the past decade,” stated Col. Lawrence E. Pravecek, FAO career field manager. “With the changes in the officer promotion system, now is the perfect time to take the next step in managing the development of our international experts. The choice to request transfer into the FAO Core AFSC will be a personal decision. All of us volunteered to serve, and now we ask for volunteers to help build a new AFSC that is tailor-made to provide the internationally-minded officers that our nation needs.”For those already certified as FAOs or in the FAO training pipeline, applications for transfer to 16F or 16Z as their new core AFSC will begin early 2021. At that time, all eligible personnel will receive a direct email from the Air Force Personnel Center announcing the opening of the application window and providing directions to submit their applications online. FAOs who do not volunteer to transfer will remain in their current AFSC, while maintaining 16F as a secondary AFSC.Air Force Reserve Component members will be notified by the AF Reserve or Air National Guard regarding ARC-specific processes. For questions/feedback, send email to the FAO Program Workflow Box at [email protected] FAO resources, visit https://www.milsuite.mil/book.groups/air-force-ias.For ARC programs, visit https://www.milsuite.mil/book/groups/arc-international-affairs-specialist-program. /U.S. Air Force 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:air force, career, community, email, FAO, Force, Government, Investment, Lawrence, military, pipeline, resources, Secretary, study, U.S. Air Force, United States, visitlast_img read more

Alec Baldwin to star in new ‘Framing John DeLorean’ docudrama

first_img Framing John DeLorean will be made available upon demand on June 7. Trending in Canada See More Videos COMMENTSSHARE YOUR THOUGHTS RELATED TAGSNon-LuxuryNew VehiclesNon-Luxury The Rolls-Royce Boat Tail may be the most expensive new car ever advertisement There are many larger-than-life personalities in the car world, but few compare to John Z. DeLorean, the creator of the Pontiac GTO and founder of the DeLorean Motor Company. The man’s personal and professional triumphs and tribulations have been fodder for writers and documentarians for decades, especially since his passing in 2005.After founding the DeLorean Motor Company and building the machine that would become arguably the most iconic movie car of all time, the DMC-12, DeLorean’s story came to a public crescendo when he was charged with drug trafficking in 1982. center_img Trending Videos PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Though he was eventually found not guilty, it was the trial that meant the demise of the company. A highly meta new documentary film project produced by Tamir Ardon looks to reframe the personal and professional life of the man through interviews with insiders, including his son Zachary DeLorean; archival footage; and reenacted scenes with Alec Baldwin commenting on, um, Alec Baldwin’s portrayal of the titular character.Framing John DeLorean follows 2017’s Driven – which cast Jason Sudeikis as Jim Hoffman, the neighbour who worked with the FBI on the DeLorean drug bust – as the second recent film focused on the DeLorean story.But unlike Driven, which Ardon told Jalopnik was a “wildly fictionalized narrative film that sensationalizes the DeLorean story by only focusing on the drug bust from the POV of the criminal informant,” Framing promises to be a more honest and broader perspective on the DeLorean family story. In Zachary DeLorean’s own words, the movie has “cocaine, hot chicks, sports cars, bombed-out buildings, Margaret Thatcher, Ronald Reagan, FBI agents and hard-core drug dealers.” Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” 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

Measles needs vaccination strategy like polio: IMA

first_img Menopause to become the next game-changer in global femtech solutions industry by 2025 Awareness needs to be created about the need and safety of measles vaccinationStatistics indicate that about 1,34,200 children, mostly under the age of five years, died due to measles around the world in the year 2015. In India, it killed 49,200 children. As per the IMA, measles is a deadly disease and one of the main causes behind child mortality in the country. Eliminating measles will help achieve Sustainable Development Goal’s target 3.2, which aims to end preventable deaths of children under five years by 2030.Speaking about this, Dr KK Aggarwal, National President, Indian Medical Association (IMA) and President, Heart Care Foundation of India (HCFI) and Dr RN Tandon – Secretary General, IMA in a joint statement, said, “The rubeolavirus lives in the mucus of the nose and throat of an infected child or adult. The disease is contagious for four days before the rash appears. It then continues to be contagious for about four to five days after. A person can get infected through physical contact with an infected person, being near an infected people when they cough or sneeze, touching a surface that has infected droplets of mucus. When the virus enters the body, it multiplies in the back of the throat, lungs, and the lymphatic system. The infection then replicates in the urinary tract, eyes, blood vessels, and central nervous system.”The symptoms of measles include runny nose, dry hacking cough, swollen eyelids, and inflamed and watery eyes, sensitivity to light, sneezing, a reddish-brown rash, Koplik’s spots, and generalised body aches.Adding further, Dr Aggarwal, said, “A highly contagious disease, measles spreads like wildfire in communities where children are unvaccinated. Since the virus reduces immunity, children who have had measles – especially those who are undernourished – may die of pneumonia, diarrhoea and encephalitis later on. India should build on its polio eradication campaign experience to ensure more children get vaccinated against measles. Awareness needs to be created about the need and safety of measles vaccination.” News WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Phoenix Business Consulting invests in telehealth platform Healpha By EH News Bureau on August 16, 2017 MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” The missing informal workers in India’s vaccine story Read Article HCFIIndian Medical AssociationmeaslesPolioVaccination Share Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app Related Posts Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Measles needs vaccination strategy like polio: IMA last_img read more

Restorative Justice Restoring Friendships, Healing Communities

first_imgRelatedSenator Golding Hails Judiciary for Settling Constitutional Matter It was in 2011 that Montego Bay resident Allan Johnson*, sold his motor vehicle to a close friend and co-worker.Mr. Johnson tells JIS News that the friend made an initial payment, but failed to pay the balance within the agreed timeframe.After a warning letter from Mr. Johnson’s lawyer, the friend paid over a small sum but did not make another payment for more than three years.Frustrated, and desperate to recover his money, but not wanting to lose a good friend, Mr. Johnson sought assistance through the Restorative Justice Centre in Granville, established by the Ministry of Justice under the Restorative Justice Programme.“I met a young lady that works with the Restorative Justice (Centre) with whom I shared my ordeal and she said the centre could assist me,” Mr. Johnson shares.He says the centre contacted his friend, who came to the restorative session and “when he saw me there, that is when he realised how serious I was.”Mr. Johnson tells JIS News that both parties were told to take along a relative or friend, who would offer support “so in case we feel that we cannot argue our point well, we would have someone there to help.”“In addition to the Justices of the Peace, and our support systems, there were independent persons from our community. We sat down in a circle setting and discussed the situation at hand, not in a court sense, but in a meeting sense, and we were both able to express how we felt about the situation. In the circle, persons could easily see where they had gone wrong and how it offended the other person,” Mr. Johnson says, in relating his experience.He shares with JIS News that having met within the circle setting, it was agreed that his friend would pay the money over a six-month period, “which he did. We are still friends, there is no animosity.”“Restorative Justice not only helped me to recover my money, it also restored my friendship,” Mr.  Johnson says.He is calling for the programme, which is being piloted in select communities across the island, to be extended to benefit all Jamaicans.Mr. Johnson says it took only one session of mediation to satisfactorily resolve the dispute, which could have taken “much longer” in the normal court setting.“It is a good programme, as it restores peace and love. I would recommend restorative justice a million times, with no hesitation because it worked for me,” he gushes.Restorative Justice provides a peaceful means of resolving conflicts that brings justice to the parties involved and heals the community.Restorative Justice holds the wrongdoer responsible for his or her actions. It further provides an opportunity for the parties affected by the wrong – victim(s), offender, and community members – to identify and address their needs in the aftermath of a wrong. The process seeks an outcome that affords reparation, reintegration, and restoration of relationships, with a view to preventing future harm.The process is relationship-centred, harm-focused, inclusive, participatory, democratic and contextually and culturally grounded.The programme, which is in its pilot phase, is assisting hundreds of persons with matters such as: failure to repay loans or fulfil other financial commitments within the community, failure to pay rent, disputes over money, property damage, boundary disputes, minor wounding, assaults and confrontations, defamation of character, and threats.Minister of Justice, Senator the Hon. Mark Golding, says the offender is a key part of the restorative justice process.“The …. State and the accused are adversaries (opponents) in criminal litigation before the court and the punishment for the offender is at the heart of this process. In restorative justice, the victim and the community are co-participants in the entire process and their roles are as important as that of the offender,” the Justice Minister explains.He notes that the process cannot take place until the offender takes responsibility for his or her actions and consents fully to participate in the process of restoration of the harm that has occurred.The case of Lenville Pottinger demonstrates the importance for the offender’s role.Mr. Pottinger, who operates a small store in St. Andrew, where he sells electrical products, relates that he sold an item to a customer, which was later found to be damaged.Upon returning the item, Mr. Pottinger told the customer that he had already used the money to make purchases for his store, but promised to reimburse her in short order.Dissatisfied with that response, the customer took the matter to the Restorative Justice centre in Tower Hill.Mr. Pottinger tells JIS News that during the session, he acknowledged that he owed the customer, expressed regret at the incident, and even called her after the meeting to apologise again.He says while he was the offender in the case, he valued the experience.“I am particularly pleased with the way the restorative justice system handled the procedure. They were very polite and I would recommend that process rather than going through the courts. Persons can use that medium and they will be more or less pleased. These persons are very professional in their approach; I like that type of justice, its private and it serves its means,” he says.Mr. Pottinger says he leant so much from the experience, that he offered his services to the centre.  “If they have any other issue I can assist the process, thereby helping other people to resolve their case. It is a simple way to resolve matters outside of the courtroom. I did not feel embarrassed to attend the session, which lasted for little under an hour.”In 2008, four communities were selected as pilot communities – Granville ,St. James; Effortvillle,  Clarendon; Homestead, St. Catherine; and Tower Hill,St. Andrew. In April, 2012, three additional communities were added to the Restorative Justice Programme – Canaan Heights in Clarendon, and March Pen and Ellerslie Pen in St. Catherine.The programme was further expanded in 2013 to four additional communities – Russia, Westmoreland; and Trench Town, August Town, and Nannyville Gardens,St. Andrew.  Nine Restorative Justice Centres have been opened across those communities. In February, Minister Golding opened the Montego Bay Restorative Justice Centre.To date, 222 Restorative Practice facilitators have been trained. In 2014, some 35 trainers were certified and 80 stakeholders from teachers’ colleges, theological institutions, secondary schools, and primary schools were certified in Restorative Practices. Restorative Justice Restoring Friendships, Healing Communities JusticeMarch 31, 2015Written by: Shelly-Ann Irving FacebookTwitterWhatsAppEmail RelatedRestorative Justice Restoring Friendships, Healing Communities Story HighlightsIt was in 2011 that Montego Bay resident Allan Johnson*, sold his motor vehicle to a close friend and co-worker.Mr. Johnson tells JIS News that the friend made an initial payment, but failed to pay the balance within the agreed timeframe.After a warning letter from Mr. Johnson’s lawyer, the friend paid over a small sum but did not make another payment for more than three years. Advertisements RelatedGovernment Reaffirms Commitment to Fight Corruption *Not His Real Namelast_img read more

Uber working to up SoftBank backing

first_img A consortium of companies including SoftBank plotted an investment of at least $1 billion in Uber’s self-driving vehicle division as the latter prepares for an IPO, The Wall Street Journal (WSJ) reported.SoftBank’s Vision Fund, an auto maker and other parties would buy a minority stake in the business unit, valuing it at between $5 billion and $10 billion. Discussions are still ongoing and there is no certainty a deal will proceed, WSJ stated.In a related report, Financial Times named Toyota as the car company involved.WSJ said the move would provide Uber with a cash injection while allowing it to keep control of the operation and could help attract investors for the IPO. Potential backers reportedly expressed concern about its losses and are keen to see outside investment.The newspaper said Uber will commence IPO proceedings next week with a view to conducting the process in May or June. The move could value the company at $120 billion.WSJ noted having car makers invested in the autonomous vehicle would aid Uber in developing the technology needed for self-driving taxis.Sources told WSJ Uber spent $750 million on its self-driving car programme in 2017, but made cuts in 2018. It temporarily took its autonomous cars off the road when one killed a pedestrian in the US.In January 2018 reports stated a SoftBank-led consortium was set to acquire 17.5 per cent of Uber, while the VisionFund also pumped funds into a self-driving initiative from General Motors.WSJ reported Toyota invested $500 million in Uber during 2018, covering work on self-driving cars. The car maker also invested in rival Grab during the year. Subscribe to our daily newsletter Back AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 14 MAR 2019 Previous ArticleWirecard updates mobile pay SDKNext ArticlePressure growing against Vivendi plans for TIM Saleha Riaz Tags Related OneWeb, SoftBank Corp plot Japan satellite move Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters – creating content, writing blogs and reports as well as conducting feature interviews…More Read more center_img Author Deutsche Telekom, SoftBank tipped for T-Mobile trade Home Uber working to up SoftBank backing Asia SoftBank Corp targets growth through acquisitions SoftBankUberlast_img read more

Levy and Election Results for Elementary, High Schools

first_img Stay Connected with the Daily Roundup. Sign up for our newsletter and get the best of the Beacon delivered every day to your inbox. Email Whitefish voters passed two school levies on Tuesday. Both the $174,000 elementary operational levy and $97,000 high school operational levy passed with 61 percent of the vote. Also in Whitefish, incumbent Dave Fern, Heather Vrentas and Shawn Watts claimed three open seats on the board of trustees.In Kalispell, incumbent Tom Clark beat challenger Greg Harris to retain his seat on the school board. Christy Berry beat her challenger in the Smith Valley trustee election.In Columbia Falls, six candidates were running for three available school board seats. Incumbent Dean Chisholm and Lyle Mitchell garnered the most votes, while incumbent Scott Emmerich defeated Dee Brown by only three votes for the final seat.A building reserve levy for the Creston School worth $50,000 passed, while a $66,652 operational levy for the Helena Flats School failed.Full ResultsWhitefish Trustee Election (Three Openings, Three-Year Term):Heather Vrentas – 1,181Dave Fern (incumbent) – 1,158Shawn Watts – 1,093Tagen Vine – 963Whitefish Elementary Operational Levy ($174,000):For – 1,141Against – 732Whitefish High School Operational Levy ($97,000):For – 1,161Against – 750Voter Turnout – 19.73%Kalispell Trustee Election (One Opening, Three-Year Term):Representing West Valley, Pleasant Valley, Marion, Bissell, Smith Valley districtsTom Clark (incumbent) – 294Greg Harris – 208Voter Turnout – 12.64%Columbia Falls Trustee Election (Three Openings, Three-Year Term):Lyle Mitchell – 679Dean Chisholm – 667Scott Emmerich – 584Dee Brown – 581Darrell Newby – 501Jenny Draband – 313Smith Valley Trustee Election (One Opening, Three-Year Term):Christy Berry (incumbent) – 98Bob Sutton – 43Helena Flats Operational Levy ($66,652):For – 63Against – 189Creston Building Reserve Levy ($50,000):For – 109Against – 63last_img read more

Irish Water slammed over unfinished Letterkenny road

first_img News, Sport and Obituaries on Monday May 24th Google+ Facebook Facebook AudioHomepage BannerNews Pinterest Pinterest Twitter Donegal County Council is being urged to meet with Irish Water to discuss a coordinated programme of road reinstatement following the extensive works in Letterkenny over the past year.The issue was raised by Cllr Gerry Mc Monagle, who told Letterkenny Municipal District that the Circular Road in particular is in need of repair.He said the stretch of road from Simpson’s to the Glencar roundabout is in need of urgent work, and added the work already done between the hospital roundabout and Simpson’s needs to be reviewed:Audio Playerhttp://www.highlandradio.com/wp-content/uploads/2020/01/gerrgfhgfhgfhgfycircularrd.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Important message for people attending LUH’s INR clinic DL Debate – 24/05/21 center_img WhatsApp Previous articleWeather alert in place for DonegalNext articleNo Beggan, Hughes or McCarron in Monaghan line up News Highland Google+ By News Highland – January 15, 2020 FT Report: Derry City 2 St Pats 2 Irish Water slammed over unfinished Letterkenny road Twitter Derry draw with Pats: Higgins & Thomson Reaction RELATED ARTICLESMORE FROM AUTHOR Arranmore progress and potential flagged as population growslast_img read more