It’s a struggle between man and sea. Back in 1971, a tidal surge triggered by a tropical cyclone invaded 16 villages on the coast of Kendrapara district in Odisha, sweeping away more than 700 people and causing immense destruction. Ever since, the advancing Bay of Bengal has been eating into human habitations, razing houses and destroying villages.The worst affected are the people of the Satabhaya gram panchayat, enduring nature’s fury for decades, much before the word “climate change” entered the public discourse. Once a cluster of 16 revenue villages spread over 3,440 acres of land, the panchayat has been reduced to a few hamlets. Mohanpura, Sanagahirmatha, Paramnandapura, Kaduanasi and Sahebnagar have already gone under. The advancing sea sand has swallowed substantial portions of another eight villages.Coconut trees battered by the sea, thatched houses just inches away from getting buried under sand and remains of tube wells show the enormity of the devastation. Without suitable land for resettlement, people had been left stranded on the edge of the sea for four decades. Remoteness, inaccessibility and lack of governmental resolve stretched their miseries for years.When people across the world hold on to their homeland, Satabhaya’s inhabitants fought for an alternative place. Just before the Lok Sabha and Assembly elections in 2014, their threat to boycott the polls moved the administration to initiate a relocation process.In 2018, the villagers, described as climate change’s first orphans by filmmaker Nilamadhab Panda, agreed to relocate to Bagapatia, about 10 km into the mainland. Last month, the idol of Panchubarahi, presiding deity of Satabhaya, was shifted to Bagapatia, speeding up the process of relocation. As of now, more than 571 families have found a new address in Bagapatia colony.Satabhaya today wears a deserted look. A few dozen families are busy gathering valuable household articles before the village is wiped out from the map.(Biswaranjan Rout is a photographer contributing to The Hindu)
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Mumbai, Sep 21 (PTI) Art Trisomy21, atwo-day exhibition featuring works of specially-abled young adults suffering fromDown?s Syndrome and other disorders was today inauguratedhere.Theexhibition which was inaugurated byAmruta Fadnavis, wife of Maharashtra Chief Minister Devendra Fadnavis, is being held between September 21and 22atCoomarswamiHall, Chhatrapati Shivaji MaharajVastu Sangrahalaya in South Mumbai.The event marks thecompletion of 25 years of Om Creations Trust, the organiser of the event.The event has beenconceptualised toshowcase the transformation art can bring in the lives of specially- abled individuals.Over 200 paintings and artifacts are on exhibit.”I am privileged to be part of this special exhibition. The artworks presented are truly amazing and no less than professional work. We need to support these special children and get them to mainstream and provide dignity,” said Amruta.The proceeds of the exhibition will go toward setting upOmAbode, India?sfirstCommunity living space andresearch centre for thespecially-abledsituatedat Khandpe, Karjat on a 12.5-acre site.It will be a community living facility and a multi- functional social innovation institute that will house skilldevelopmentcentres,spaces for vocationalworkshops, a researchcentre, library, medical centre, recreational facilitiesandlivingquartersfor thedifferently-abled residents, FounderTrustee,OmCreationsTrust Radhike Khanna said.The event also saw renowned artist Anuradha Thakur creating a live painting as part of the inaugural ceremony.”The creative avenues of expression that these young artists have explored to project their feelings on canvas are unique and truly fascinating,” Thakur said.Neha Pradhan, a young artist with Downs Syndrome said, “Drawing makes me feel special and playing with colors is fun. I like to paint my thoughts on canvas as it helps me better express myself.advertisement”Art is a psychotherapeutic service and it allows the differently-abled to express themselves in a creative, non-verbal way with the use of colors and other art materials,” she said. PTI MR DK TIR RYS
Flipkart that recently launched the cardless instant credit for buyers is back with its Big Billion Days sale. The four days Big Billion Days sale starts from October 10 this year and will last until October 14. This will be the fifth Big Billion Days sale hosted by the company. The sale will include a range of offers, discounts and buying options across all categories.Apart from the usual no cost EMI, Exchange offer, Credit and Debit cards, Flipkart this time has also launched a Cardless Credit to give buyers instant credit of up to Rs 60,000. Flipkart says the process to apply for an instant credit takes just 60 seconds, and instant access to credit line (upto Rs 60,000) is based on customer behavior on Flipkart. This newly launched buying option is expected to give a big push to the sales during the Big Billion Days sale.Moving on, the first day of sale will offers and discounts across categories like Fashion, TVs & Appliances, Home & Furniture, Beauty, Sports, Toys, Books, Smart Devices, Personal Care Appliances and more. The second day of the sale i.e. October 11 will cover Mobiles and Electronic Devices & Accessories. The rest two days of the sale will see offers and discounts across all categories.Coming to the payment options, the e-commerce giant has partnered with HDFC Bank to offers exclusive offers to its credit or debit card users. There is no cost EMI option on various bank cards and on Bajaj Finserv EMI Cards. There is also a Flipkart Pay Later that will allow users to purchase products and pay at one’s own convenience.advertisementLike the Prime users in Amazon, Flipkart will also give special benefits to its Flipkart Plus members. They will have an early access to the sale this year. Flipkart Plus members can have access to deals three hours prior to the sale. Flipkart launched the Flipkart Plus in August this year to take on Amazon Prime. It is a customer-first benefits program to offers various benefits such as free delivery, early access to major sale events, among other rewards.Flipkart has partnered with celebrities such as Amitabh Bachchan and Deepika Padukone to promote the event this year. “The Big Billion Days has become India’s most anticipated event, one that marks the beginning of India’s festive season and sets the bar for what follows. This year marks the fifth edition of TBBD and we are focused on making it the biggest and best one yet,” said Flipkart CEO Kalyan Krishnamurthy.ALSO READ: Flipkart Plus is India’s answer to Amazon Prime but can it truly give an edge to Flipkart? Yes and no
AUTHORITIES AND HINTON SCHOOL OFFICIALS ARE INVESTIGATING A THREAT RECEIVED BY THE HIGH SCHOOL LATE MONDAY NIGHT.SCHOOL SUPERINTENDENT PETE STUERMAN SAYS THE THREAT WAS E-MAILED TO THE DISTRICT:Audio Playerhttp://kscj.com/wp-content/uploads/2017/01/HINTON.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC….SINCE THEN. ;15THERE WAS NO SCHOOL AT HINTON ON TUESDAY BECAUSE OF ICY ROADS, BUT SCHOOL OFFICIALS HAD LOCAL POLICE INSPECT THE BUILDING AS A PRECAUTION:Audio Playerhttp://kscj.com/wp-content/uploads/2017/01/HINTON2.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC……..SEARCH OUR FACILITY. :10STUERMAN SAYS WHEN STUDENTS RETURN WEDNESDAY, THEY SHOULD EXPECT A NORMAL DAY OF CLASSES, BUT OFFICERS WILL BE AT THE SCHOOL TO INSURE EVERYONE’S SAFETY:Audio Playerhttp://kscj.com/wp-content/uploads/2017/01/HINTON3.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.OC……THEIR BUSINESS. ;15STUERMAN SAYS THE E-MAIL WAS FORWARDED TO FEDERAL AUTHORITIES AND THE FBI HAS TRACED THE E-MAIL THREAT TO GERMANY.
Paris Saint-Germain forward Kylian Mbappe has appeared to end speculation linking him with a move away from the club.In a simple tweet with the young forward shown in the club’s newly released kit, Mbappe seemed to underline his commitment to his side ahead of the 2019-20 season.The 20-year-old, who scored 33 league goals in 29 games last season, tweeted the club’s slogan, ‘Ici c’est Paris’ – ‘this is Paris’ – followed by ‘19/20’. Article continues below Editors’ Picks ‘Everyone legged it on to the pitch!’ – How Foden went from Man City superfan to future superstar Emery out of jail – for now – as brilliant Pepe papers over Arsenal’s cracks What is Manchester United’s ownership situation and how would Kevin Glazer’s sale of shares affect the club? Ox-rated! Dream night in Genk for Liverpool ace after injury nightmare Rumours have been mounting throughout the summer that Mbappe could be lured away by the promise of a fresh challenge, with the starlet having already won everything on the domestic scene in France.His 39 goals and 17 assists in all competitions was a stunning return for the player, but for many others it was also a sign that the world’s best young player has outgrown the league.ICI C’EST PARIS 19/20 🔴🔵 @PSG_inside pic.twitter.com/diGY7fksve— Kylian Mbappé (@KMbappe) July 2, 2019PSG have continued to frustrate in Europe, with last season’s embarrassing defeat to Manchester United only the latest in a sequence of disappointing results in the Champions League.Real Madrid have been strongly linked with a move for Mbappe, as Zinedine Zidane continues the dramatic rebuild of the club following his return to the Spanish capital last season.The potential of a front three featuring Mbappe alongside new signings Eden Hazard and Luka Jovic is undoubtedly a mouth-watering prospect, though it has been suggested Madrid could move for Mbappe next summer in a return to their old tactic of signing one big star every year.Liverpool have also been linked with the forward but for now it seems as though he will be staying in the French capital.It has been a difficult summer for PSG fans, with constant rumours surrounding their two undoubted stars.This reassurance from Mbappe may help to quell fans’ fears but speculation around teammate Neymar shows no sign of abating.PSG are thought to be heavily reluctant to sell but Barcelona seem desperate to facilitate a return for their former player.Recent reports have suggested the French champions could be willing to accept a deal involving a huge cash sum as well as players in exchange, but any deal would be a huge PR blow for PSG’s footballing project and global brand.
ST. PETERSBURG FL December 19, 2018 — Major storms, natural disasters and an uncertain economy impacted traveler behavior in 2018, but didn’t stop Americans from traveling or insuring their trips. Based on customer data, Squaremouth reveals the top 2018 travel trends. Travelers Spent Less on TripsThe recent sluggish economy led to an overall decrease in how much travelers spent on trips in 2018.For the first time in 6 years, travelers spent less on their trips than the previous year, with the average trip cost declining by 3%Despite decreased spending, more travelers chose to protect their trip costs with travel insurance in 2018Squaremouth reported a 28% increase in cancellation-style policy sales over last year U.S. Travelers Stayed Close to HomeU.S. residents preferred travel within North America in 2018, which may have been a result of the uncertain economy or safety threats abroad.After the United States, the next 3 most popular 2018 destinations were Mexico, Italy and CanadaThe cost to travel to these destinations has decreased by an average 5% over last year Weather and Natural Disasters Were a Top ConcernMajor natural disasters in 2018, such as hurricanes Florence and Michael, and the California wildfires, had more travelers worried about having to cancel their trips unexpectedly.The number of travelers who bought travel insurance in 2018 specifically for weather or a natural disaster increased by 13% over last yearTraveler concern over weather surpassed terrorism as the top trip cancellation concern New Destinations Gain GroundMore travelers, particularly Millennials, are opting for destinations that offer cultural and historical experiences over traditional locations.2018 tourism to Egypt, Morocco and Japan increased 144%, 73% and 47%, respectively, compared to last yearYounger generations are leading the charge to these locations, which show a 65% increase in Millennial travelers over last year Cruises Continued to Gain PopularityMore travelers of all ages are choosing to spend their vacations aboard cruises in 2018.The number of travelers buying cruise insurance in 2018 increased by 22% over last yearTravelers purchasing travel insurance specifically for cruises has increased every year since 2012The number of travelers over 70 years old taking cruises has doubled since last year, followed closely by Baby Boomers, Gen X and MillennialsMethodology: Data is based on travel insurance policies purchased through Squaremouth from 1/1/2018 – 12/17/18. Statistics reflect year-over-year changes unless otherwise noted.ABOUT SQUAREMOUTHSQUAREMOUTH compares travel insurance policies from every major travel insurance provider in the United States. Using Squaremouth’s comparison engine and third-party customer reviews, travelers can research and compare travel insurance policies side-by-side. More information can be found at www.squaremouth.com
jftc, March 18, 2014 zoom The Japan Fair Trade Commission (JFTC) today issued cease and desist orders and surcharge payment orders against four international ocean shipping companies.The JFTC issued orders against Nippon Yusen Kabushiki Kaisha, Kawasaki Kisen Kaisha, Ltd., Wallenius Wilhelmsen Logistics, AS and Nissan Motor Car Carrier Co., Ltd, under Article 7(2) and Article 7-2(1) of the Antimonopoly Act (AMA), finding that they violated Article 3 (prohibition of unreasonable restraint of trade) of the AMA with regard to international ocean shipping services for transporting cars and trucks by roll-on, roll-off vessels.The JFTC’s investigation showed that the freight rates were decided through bilateral negotiation between consignors and the shipping companies on the North American route, the Middle and Near Eastern route and the Oceanian route, hence the tariffs (freight rate tables which are uniformly applied to all consignors) stipulated in the exempted cartels were rarely or never applied to the actual transactions.As a result of the above-mentioned facts, the JFTC made a request to the Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to take necessary measures on exempted cartels related to the international ocean shipping services, including abolishing the existing exempted cartels for the North American route, the Middle and Near Eastern route and the Oceanian route.Amount of charges to be paidNippon Yusen Kabushiki Kaisha (NYK LINE) – approx $129.1 millionKawasaki Kisen Kaisha, Ltd. (“K” LINE) – approx $56 millionWallenius Wilhelmsen Logistics, AS (WWL) – approx $34.3 millionNissan Motor Car Carrier Co., Ltd. (NMCC) – approx $4.1 millionPayment deadline is June 19, 2014.
Le ministère de la Promotion et de la Protection de la santé change la façon dont les responsables de la santé publique surveillent et signalent les cas du virus H1N1 (grippe porcine chez l’être humain) à compter d’aujourd’hui 22 mai. « Puisque le virus H1N1 se comporte comme le virus de la grippe saisonnière, nous adoptons une approche clinique qui correspond à la façon dont nous gérons habituellement le virus de la grippe, » a dit le Dr Robert Strang, médecin-hygiéniste en chef de la province. « Toutefois, l’épidémie du virus H1N1 en Nouvelle-Écosse n’est pas terminée. C’est pourquoi nous modifions nos efforts de surveillance. Il est important de suivre la propagation du virus dans la communauté afin de dépister rapidement un changement dans la gravité de la maladie. » Cette décision est conforme à l’approche adoptée par l’Agence de la santé publique du Canada et les autres provinces et territoires du Canada. Le gouvernement provincial maintiendra une communication continue avec les régies régionales de la santé et les professionnels de la santé publique, et travaillera étroitement avec ses partenaires fédéraux, provinciaux et territoriaux. Plusieurs experts sont d’avis que le virus H1N1 pourrait refaire surface à l’automne. Il est aussi possible que la prochaine épidémie soit plus grave. « Nous avons un système de soins de santé solide doté de professionnels hautement qualifiés et bienveillants. Nous sommes en bonne position pour gérer toute question de santé publique qui peut être soulevée, » a dit le Dr Ken Buchholz, médecin-conseil principal du ministère de la Santé. « Nous continuerons de travailler étroitement avec le ministère de la Promotion et de la Protection de la santé, les régies régionales de la santé et les professionnels de la santé pour s’assurer que nous sommes prêts. » On demande également à toutes les entreprises de se préparer en vue de la saison grippale qui débutera à l’automne. On encourage tous les organismes à s’assurer que leurs plans de continuité des opérations sont à jour avec les renseignements les plus exacts. On rappelle aux Néo-Écossais que tout le monde peut contribuer à réduire la propagation de virus par la prévention. Il faut donc se laver les mains souvent, se couvrir la bouche avec la manche pour tousser ou éternuer, désinfecter souvent les surfaces couramment utilisées tels que les poignées de porte et les comptoirs, et rester à la maison si on présente des symptômes de la grippe. Ces symptômes incluent une fièvre, une toux, une fatigue intense, un mal de tête et des douleurs musculaires. Le nombre total de cas signalés en Nouvelle-Écosse depuis le début de l’épidémie, le 26 avril, est de 70. Tous les cas sont bénins et les personnes atteintes se sont rétablies ou sont en cours de rétablissement. Pour plus d’information consultez le www.gov.ns.ca .
New Delhi: A total of 169 newly recruited IAS officers were on Wednesday posted as assistant secretaries in different central government departments for three months, beginning July 1.The posting is part of a unique initiative started by the central government to groom bureaucrats at the Centre before they move out to their respective state cadres. All officers of Indian Administrative Service (IAS) are allotted cadres which could either be a state or group of states. The officers are supposed to start their career in their respective cadre states. Also Read – Cong may promise farm loan waiver in HaryanaAs per rules, IAS officers are eligible to come on central deputation only after completing nine years of service at their respective cadres. A total of 169 IAS officers of 2017 batch will be on central deputation for 13 weeks from July 1, 2019 to September 27, 2019, an order issued by the Personnel Ministry said. These officers will be designated as assistant secretaries during the period and will be attached to departments allotted to them, it said. They have completed Phase-II training at the Lal Bahadur Shastri National Academy of Administration in Mussoorie and got their posting. They will report to their respective cadres state after completion of the training, the order stated.
Rio De Janeiro: At least 57 prisoners have been killed by other inmates during clashes between organized crime groups in the Altamira prison in northern Brazil with 16 of the victims being decapitated, according to prison officials. Para state prison authorities said on Monday a fight erupted around 7 a.m. between the Rio de Janeiro-based Comando Vermelho and a local criminal group known as Comando Classe A. “Leaders of the (Comando Classe A) set fire to a cell belonging to one of the prison’s pavilions, where members of the (Comando Vermelho) were located,” the statement read. Also Read – Saudi Crown Prince ‘snubbed’ Pak PM, recalled jet from US State prisons chief Jarbas Vasconcelos said the fire had spread rapidly with inmates held in old container units that had been adapted for the prison while another building is under construction. The fire prevented police forces from entering the building for several hours, he told a news conference. Two prison staff members were held hostage, but eventually released. “It was a targeted attack. The aim was to show that it was a settling of accounts between the two groups, not a protest or rebellion against the prison system,” Vasconcelos said. Also Read – Record number of 35 candidates in fray for SL Presidential polls Authorities have not found any firearms following the riot, only makeshift knives. Prison authorities said 46 inmates will be transferred to other prisons, 10 of which will go to stricter federal facilities. President Jair Bolsonaro was elected on the promise of curbing widespread violence in Brazil, including in the country’s often overcrowded, out-of-control prisons. The Associated Press obtained a July 2019 report from the National Justice Council that it says was filed by a local judge in charge of the facility, showing that the prison had 343 detainees for a maximum capacity of 163. Yet Vasconcelos said the situation did not meet the official requirements to be considered overcrowded. “It is not a unit that has a prison overcrowding, we consider overcrowding when it exceeds 210 per cent,” Vasconcelos said during the press conference. The judge who filed the report described the overall state of the prison in the city of Altamira as “terrible.” In many of Brazil’s prisons, badly outnumbered guards struggle to retain power over an ever-growing population of inmates who are able to run criminal activities from behind bars. The killings echoed those of 55 inmates who died in a series of riots in May in several prisons in the neighbouring state of Amazonas. In early 2017, more than 120 inmates died in prisons across several northern states when rival gangs clashed over control of drug-trafficking routes in the region. The violence lasted several weeks, spreading to various states. Para state authorities spent the afternoon in Altamira, drafting a security plan to avoid possible retaliations in the region. Police forces from the nearby municipality of Santerem were sent as reinforcement in the coming weeks. Prison authorities said they had not received any prior intelligence reports of an upcoming attack. The prison is run directly by the state, not a third-party private operator as in the Manaus prisons where the riots took place in May. Last year, inmates had already set fire to another wing inside the same prison unit, according to the state prosecutors’ office. (AP)
“In addition to his vitally important contribution to the development of modern Québec, René Lévesque played a prominent role as a Journal de Montréal columnist from 1970 to 1976,” noted Pierre Karl Péladeau, President and CEO of Quebecor. “It was therefore natural for us to support the Fondation de la Maison René-Lévesque and pay tribute to this man, an exemplar of self-affirmation who was proud of his language and his roots. We hope that Espace René-Lévesque will long inspire future generations.”Quebecor has been supporting the Fondation René-Lévesque for more than 10 years. Advertisement Advertisement Login/Register With: LEAVE A REPLY Cancel replyLog in to leave a comment Twitter Advertisement Facebook About QuebecorQuebecor, a Canadian leader in telecommunications, entertainment, news media and culture, is one of the best-performing integrated communications companies in the industry. Driven by their determination to deliver the best possible customer experience, all of Quebecor’s subsidiaries and brands are differentiated by their high-quality, multiplatform, convergent products and services.Québec-based Quebecor (TSX: QBR.A, QBR.B) employs more than 10,000 people in Canada.A family business founded in 1950, Quebecor is strongly committed to the community. Every year, it actively supports more than 400 organizations in the vital fields of culture, health, education, the environment and entrepreneurship.Visit our website: www.quebecor.comFollow us on Twitter: twitter.com/Quebecor MONTRÉAL, June 26, 2018 – In keeping with its commitment to protecting and presenting Québec’s historical heritage, Quebecor today announced a major $100,000 donation to the Fondation de la Maison René-Lévesque, an organization dedicated to supporting the Espace René-Lévesque site in René Lévesque’s home town of New Carlisle, Québec. Starting today, visitors to the facility can tour a pavilion and follow an outdoor trail celebrating René Lévesque’s life, his political legacy and his imprint on Québec’s history.
Dennis WardAPTN National NewsFire has claimed hundreds of lives on reserves across the country.The causes can be attributed to substandard housing, overcrowded conditions or any number of problems that plague some First Nation communities.In 2010 the federal government stopped keeping track about the number of people who die in those fires.Now, there seems to be a change of email@example.com
NEW YORK, N.Y. – Three of America’s biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year.JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations.Banks are expected to be major beneficiaries of the tax overhaul, which sharply lowered corporate tax rates. Comparing each of the effective tax rates from last year to this year, the three Wall Street banks that reported earnings Friday appeared to have saved roughly $1.6 billion altogether.The first-quarter earnings season will give investors and the public their first good look into how President Trump’s tax law is impacting Corporate America. Publicly traded banks are the first major industry to report their results each quarter.Net income at JPMorgan Chase, the nation’s largest bank by assets and deposits, rose 35 per cent to $8.71 billion. The result was primarily driven by two factors: higher interest rates, which have allowed banks such as JPMorgan to charge more for customers to borrow, and the lower corporate tax rate.However, JPMorgan had to set aside more money to cover bad loans in its consumer bank, where delinquencies have been steadily edging higher. JPMorgan shares fell 2.7 per cent, while shares of Wells Fargo slipped 3.4 per cent and Citigroup shares dropped 1.6 per cent.While JPMorgan’s pretax income rose by $2 billion in the quarter, the company said it effectively paid $240 million less in taxes compared to a year earlier. The bank paid an effective tax rate of 18.3 per cent in the quarter, compared with a rate of 22.7 per cent a year earlier. Before the changes to tax law, JPMorgan’s effective tax rate averaged in the high 20-per cent range.JPMorgan Chief Executive Officer Jamie Dimon has been a big promoter of the tax overhaul, saying it would be good for businesses as well as average Americans. Soon after President Donald Trump signed the law into place, the bank announced higher salaries for most of its retail bank employees, and said it would open branches in a handful of new markets. It also announced an expansion of small business lending.“The global economy continues to do well, and we remain optimistic about the positive impact of tax reform in the U.S. as business sentiment remains upbeat, and consumers benefit from job and wage growth,” Dimon in a statement.Other bank executives were just as optimistic when speaking about the tax law’s impact. Citigroup Chief Financial Officer John Gerspach told reporters Friday that businesses had only begun taking advantage of the changes.“I think the best is yet to come,” he said.Rising interest rates helped JPMorgan Chase and Citigroup, but not Wells Fargo, which continues to struggle under the weight of several scandals and investigations. Wells disclosed as part of its earnings that they may have to pay as much as $1 billion to federal regulators to settle investigations being conducted by financial regulatory agencies.The Federal Reserve has been steadily raising interest rates for more than two years. Net interest income at JPMorgan was $13.3 billion, up 10 per cent from a year earlier. At Citigroup, net interest revenues were $16.33 billion, up 12 per cent from a year earlier. Wells Fargo reported a slight decline in interest income.JPMorgan’s investment bank also had a solid quarter, helped by much more volatile and active markets last quarter. Net income in the investment bank was $3.97 billion, up from $3.24 billion a year earlier.There were some concerns about JPMorgan’s credit quality, however. The bank had to set aside more money to cover potentially bad loans, and the bank’s total charge-off rate — the percentage of loans it expects are not likely to be repaid — climbed to 1.20 per cent of all loans. That compares to 1.07 per cent of loans in the second quarter of 2017.Citi also had to add to its loan-loss reserves, and reported an 8 per cent increase in its total credit losses in the quarter.JPMorgan’s quarterly revenue was $28.52 billion, up from $25.85 billion. On a per-share basis, JPMorgan earned $2.37 a share, up from $1.65 per share, beating analysts’ forecasts.Citigroup reported a profit of $4.62 billion, or $1.68 a share, compared with a profit of $4.09 billion, or $1.35 per share, in the same period a year earlier. The results beat analysts’ forecasts for earnings of $1.61 a share, according to FactSet. It was the largest quarterly profit that Citi has reported since 2015.Wells reported first-quarter earnings of $5.9 billion, or $1.12 per share, topping Wall Street’s per-share expectations by 6 cents, according to a FactSet survey, That profit exceeds last year’s $5.46 billion, or $1.03 per share, in profit.Wells paid $1.37 billion in taxes in the first quarter, about 36 per cent less than the $2.13 billion it paid last year.___Ken Sweet covers banks and the Consumer Financial Protection Bureau for The Associated Press. Follow him on Twitter at @kensweet.
John Solecki, who heads the office of the UN High Commissioner for Refugees (UNHCR) in Quetta, in Balochistan province, was abducted in an attack on 2 February that also left another colleague, Syed Hashim, dead. In a statement issued by his spokesperson, the Secretary-General said that he is “grateful to all those who have tried over the past two months to help secure John Solecki’s release, and would like in particular to express his appreciation for the strong message made by Balochi leaders in support of his release, as well as efforts made by the Government of Pakistan.” Mr. Ban also reaffirmed the UN’s continued commitment to help all Pakistani people, a dedication manifested in Mr. Solecki’s own work. Addressing reporters following a meeting with French Foreign Minister Bernard Kouchner in Paris, he thanked President Asif Ali Zardari of Pakistan and President Hamid Karzai of Afghanistan, along with many others, for their tireless work in securing Mr. Solecki’s release. But the Secretary-General noted that Robert Fowler, his Special Envoy for Niger, is still missing following his kidnapping last December. “I sincerely hope that the captors, whoever they may be, should immediately, without any conditions, release him as soon as possible,” he said. During Mr. Solecki’s captivity, the world body had expressed its concern on many occasions regarding his health, given that he suffers from multiple health conditions requiring ongoing treatment. A group known as the Balochistan Liberation United Front claimed to be holding him, demanding the release of people it says are in Pakistani custody. 4 April 2009Secretary-General Ban Ki-moon today expressed his happiness at the safe release of a United Nations staff member who was abducted in Pakistan two months ago, voicing his appreciation for the efforts of Government officials and others in securing his release.
In a statement released in Hong Kong it was announced that CMPort will agree to invest an amount of up to USD1,120.00 million (equivalent to approximately HKD8,736.00 million) into Hambantota Port and Hambantota port and marine-related activities, of which the total amount to be paid to SLPA for the acquisition of the 85% issued share capital of HIPG shall be USD973.658 million (equivalent to approximately HKD7,594.53 million) (and HIPG shall use a portion of such amount to acquire 58% issued share capital of HIPS) and the remaining USD146.342 million (equivalent to approximately HKD1,141.47 million) shall be deposited into a bank account in the name of the Company in Sri Lanka and will be utilised for such Hambantota port and marine-related activities as may be agreed with GOSL within one year from the final payment of capital injection in HIPG and the Company shall be entitled to repatriate any amounts in the bank account at the expiration of such one year period if no agreement has been reached with GOSL for the use of such funds. Pursuant to the Concession Agreement, SLPA and GOSL will grant (i) to HIPG, the sole and exclusive right to develop, operate and manage the Hambantota Port and (ii) to HIPS, the sole and exclusive right to develop, operate and manage the Common User Facilities, for the operation of the Hambantota Port. The term of the Concession Agreement shall commence on the Concession Agreement Effective Date of 99 years. During the first 15 years from the Concession Agreement Effective Date, SLPA and GOSL shall ensure that there shall be no, and shall not obtain any fresh tenders, granting any right to any third party, or discuss, negotiate or entering into any arrangement or agreement with any third party in relation to the development of any port/terminal development directly in competition with the port services and activities carried out at the Hambantota Port within 100 km perimeter from the periphery of the Hambantota Port. China says the Hambantota Port has great potential for future expansion, with its hinterland covering the South Asia and East Africa, and as a maritime hub in the region.The Board of China Merchants Port Holdings Company Limited announced in Hong Kong that, on 25th July 2017, CMPort, Sri Lanka Ports Authority (“SLPA”), the Government of the Democratic Socialist Republic of Sri Lanka (“GOSL”), Hambantota International Port Group (Private) Limited (“HIPG”) and Hambantota International Port Services Company (Private) Limited (“HIPS”) have agreed on the terms of the Concession Agreement in relation to the development, management and operation of the Hambantota Port. China Merchants Group Limited has rich experience and resources in implementing the “Port + Park + City” Model (e.g. Shekou, Zhangzhou). The significant landmass of the project (approximately 11.5km2 port area) gives leeway for the Company to implement and capitalize on the said model to add substantial value to the port operations and development. Furthermore, the Company has also entered into a cooperation framework agreement with China Harbour to explore possible future cooperation and joint development and operation in relation to the Hambantota Port and the industrial park adjacent to the Hambantota Port. As at the terms and conditions for such cooperation is yet to be finalise, the Company said it will further disclose when such cooperation materialises. (Colombo Gazette) “The Port of Hambantota is located on the Southern coast of Sri Lanka occupying a prime location within 10 nautical miles to the main shipping route from Asia to Europe and is also in a strategic position along the “Silk Road Economic Belt and the 21st Century Maritime Silk Road”. Hambantota Port is a comprehensive deep-water port, the Hambantota Port project is a project to develop a major industrial and service port with an attached industrial zone in the Port of Hambantota and it is currently expected that the project will comprise of three phases. With 10 berths in Phase 1 and 2, and quay length of up to 3,487 meters; the berths are specialized to handle containers, bulk cargos, general cargos, RO-RO cargos and liquid bulk. Water depth alongside the quay and navigation channel is -17 meters, which makes Hambantota Port a deep-water port capable of handling super-mega vessels. Hambantota Port has great potential for future expansion, with its hinterland covering the South Asian region, and as a maritime hub in the region,” China Merchants Port Holdings Company Limited said.CMPort has, in recent years, been actively exploring and, as and when deemed appropriate, capturing available opportunities overseas as the means to effectively add new growth drivers to its existing and sustainably growing ports business. Having already established a story of success in Port of Colombo through the development of the Colombo International Container Terminals Ltd., the addition of the Hambantota Port will provide the Company a platform to materialise synergies between the two major ports in Sri Lanka, unlocking the county’s potential to be a global maritime center.
by CNN and News Staff Posted Dec 17, 2015 6:43 am MDT Last Updated Dec 17, 2015 at 6:37 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Need a ride? Ask a friend: Facebook and Uber launch new partnership Facebook and Uber announced a partnership on Dec. 16, 2015. FACEBOOK. Need a ride? Just ask a friend.An old-fashioned way of getting around is getting a modern facelift as Facebook and Uber launch a new partnership.Soon, users in select U.S. cities can request a ride by booking it from the Messenger app. The idea is that people who coordinate plans with Messenger will be able to book a car without switching apps.It will also let Facebook import and save Uber users’ payment information, a feature that users will be able to opt out of. Uber is promoting the deal by offering the first ride for free, up to $20.However, it’s not yet known when – or if – the feature will come to Canada.With files from CNN and 680 NEWS, Toronto.
Redshirt-freshman quarterback J.T. Barrett carries the ball during a game against Michigan State on Nov. 8 in East Lansing, Mich. OSU won, 49-37.Credit: Mark Batke / Photo editorFollowing arguably the biggest win at Ohio State during the Urban Meyer era, the Buckeyes are preparing for their second-consecutive ranked opponent.Entering the third week of the College Football Playoff rankings, the Buckeyes jumped up six spots to No. 8 and the Minnesota Golden Gophers appeared for the first time on the list at No. 25.As the Buckeyes get set to travel to blustery Minneapolis, The Lantern sports editors have come up with a list of five things to look for when OSU takes on the Golden Gophers.1. Can OSU keep its eye on the prize?Let’s be honest, last week’s win over Michigan State was probably the biggest win for the Buckeyes since the 2010 Rose Bowl against Oregon.But was it too much for the Buckeyes to handle?The mantra around OSU since Meyer arrived in Columbus has been giving players and coaches 24 hours to enjoy a win, but redshirt-sophomore wide receiver Michael Thomas said Monday that the Buckeyes were still enjoying the victory.With that said, will the Buckeyes overlook a Minnesota team that is coming off of a 51-14 drubbing of Iowa?Only time will tell.2. Will the weather affect the Buckeye offense?While the entire Buckeye starting offensive line is from Ohio, their starting quarterback is from Texas, and probably hasn’t played in a game as cold as he will Saturday.While the kickoff temperature was 39 degrees last week in East Lansing, Mich., the estimated high temperature in Minneapolis for Saturday, as of Wednesday night, was just 28 degrees with a low of nine.Barrett, who has ignited the Buckeye offense, averaging 304.22 yards per game by himself has been on the sidelines for games like this (see 2013 games against Indiana and Michigan) but has never had to play in such bitter temps.Just one current Buckeye offensive player was on the roster the last time OSU played in Minnesota, and that is redshirt-senior Darryl Baldwin, who was still a defensive lineman at the time.The Buckeyes won 52-10 in the last matchup in 2010, a win that was later vacated because of NCAA violations committed by former coach Jim Tressel, then-quarterback Terrelle Pryor and other players.3. Can J.T. Barrett make a Heisman push?If Barrett can have an encore performance from his 386 total yard, five touchdown game against the Spartans, there is a good chance Barrett could enter serious Heisman discussions.The redshirt-freshman made his first appearance on ESPN’s Heisman Watch this week, and currently ranks second in the FBS in touchdowns responsible for with 34 (26 passing, eight rushing).In addition, Barrett is just five touchdown passes away from breaking the school record for touchdown passes in a season, set by the 2006 Heisman Trophy winner, Troy Smith.For Barrett to enter serious consideration, there is no doubt the Buckeyes will have to win their remaining games, plus a Big Ten title.But if Barrett can look as good as he did against Michigan State the rest of the season, don’t be surprised if you see the Texas native in New York for the Heisman ceremonies.4. Can Minnesota senior running back David Cobb emulate Michigan State’s Jeremy Langford?Minnesota senior running back David Cobb (27) runs the ball during a game against Purdue on Oct. 18 in Minneapolis. Minnesota won, 39-38.Credit: Courtesy of TNSSure, OSU ended up beating the Spartans, but the redshirt-senior running back Langford gouged the Buckeyes’ defense for 137 yards and three touchdowns on just 18 carries.Now that same defense has to find a way to slow down Cobb, who has already racked up 1,205 yards and eight touchdowns on the ground this season. He’s the workhorse of the Minnesota offense — he has 227 carries while the team as a whole has only attempted 165 passes.Apart from an Oct. 25 misstep against Illinois, the Golden Gophers’ only loss this season accompanied Cobb’s worst game of the year. Minnesota lost to Texas Christian University, 30-7, in September, and Cobb had just 41 yards on 15 carries. Outside of that game, he’s had at least 71 rushing yards per game — including a pair of 200-plus yard outings. If the Buckeyes can slow Cobb down, it could be a long day for redshirt-sophomore quarterback Mitch Leidner. But if he gets rolling early, OSU might face a difficult task to keep its seven-game winning streak alive.5. What role will the OSU H-backs play?With sophomore H-back Dontre Wilson — the Buckeyes’ typical starter — out with a broken foot, it’ll be up to a few different players to pick up the slack.The first option is likely to be redshirt-freshman H-back Jalin Marshall, who has already shined multiple times for OSU this season. The former high school quarterback can line up in a variety of positions for the Buckeyes, including at quarterback in the wildcat package.Leading up to the showdown in Minneapolis, Meyer even hinted that the Buckeyes “have a couple passes” in place for Marshall going forward. He failed to connect on his only passing attempt so far this season, but Meyer and the coaching staff clearly have some faith in his arm.But even if Marshall doesn’t let it fly, the H-back spot could have a notable impact for the Buckeyes. Meyer mentioned that freshman Noah Brown will be in the mix, and at 240 pounds, he adds a new dimension to the OSU attack.No matter if Brown is causing mismatch problems with his size or if Marshall is showing off his arm, the Buckeyes will likely try to put as much firepower on the field as they can.OSU is scheduled to take on the Golden Gophers on Saturday at noon in Minneapolis.
Tony Blair could face a fresh investigation over the Iraq war with a group of MPs preparing to table a motion calling for a new inquiry.The former prime minister raised his political profile last week with a pledge to support the “politically homeless” who are unhappy with both the Labour Party under Jeremy Corbyn and Theresa May’s Brexit-backing administration.The Observer reported that MPs from six parties want a committee to examine the difference in Mr Blair’s evidence to the Chilcot Inquiry and the private assurances he gave to George W Bush in the run up to the Iraq conflict.MPs will debate the motion on Wednesday in a debate allotted to the SNP. It calls on MPs to recognise that the inquiry “provided substantial evidence of misleading information presented by the then prime minister and others on the development of the then government’s policy towards the invasion of Iraq, as shown most clearly in the contrast between private correspondence to the United States government and public statements to Parliament and people”.In addition, it has asked the Commons public administration and constitutional affairs committee to investigate what it describes as a difference between private and public policy.The motion’s sponsors include Alex Salmond, the SNP MP and former first minister of Scotland; Hywel Williams, Westminster leader of Plaid Cymru; and Green Party co-leader Caroline Lucas. Mr Salmond said the committee could even recommend that Mr Blair is stripped of his membership of the Privy Council.When he appeared before the Commons liaison committee, Sir John Chilcot said “I absolve him [Blair] from a personal and demonstrable decision to deceive parliament or the public – to state falsehoods, knowing them to be false.”A spokesman for the former prime minister declined to comment. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily Front Page newsletter and new audio briefings.
RBC Capital Markets,held its annual Global Gold Mining Conference in London, November 15. The conference brought together senior executives from the industry’s leading exploration, mining and production companies, together with institutional investors from across the world. Opening the conference, Anthony S. Fell, Chairman, RBC Capital Markets commented: “The timing of this conference is excellent; we have a perfect storm which favours investment in gold bullion and gold shares as far as the eye can see. The past few years have been a major long-term positive turning point in the fundamentals for gold, and the current systemic risk in the global financial system is now a very serious and real concern which will also bring renewed focus on gold as a store of value. “This trend will continue and accelerate as events in this credit supercycle unfold, with this prolonged bull market lasting another decade or more. In this climate, I believe gold bullion is re-emerging as an accepted alterative investment and currency.” Among the speakers sharing insights at the conference was Ian Cockerill, CEO of Gold Fields, who confirmed the company’s commitment to its international strategy, especially in China, commenting: “We see China as a long-term investment. The country is likely to be the world’s largest gold producer this year; however, that production is coming from hundreds of different mines, so the opportunities for consolidation are huge. Furthermore, prospecting in China has hitherto been over large areas at shallow depths, so we are looking forward to working in this region extensively to drive Gold Fields’ growth. Along with the company’s unhedged profile, an increase in production from new projects and large resource base, we are well-placed to see improved earnings growth and cash flow in the future.”Also speaking was Gregory Wilkins, President & CEO of Barrick Gold: “Our recent strategic acquisitions have given us a much bigger global footprint, not only in gold, but also in copper, platinum and nickel. Although the company’s focus is gold and will continue to be, this strong portfolio of high quality non-core assets allows us to deliver real value to our shareholders, as we seek ways to monetise our broad range of assets, using those proceeds to re-invest cash back into gold.” Commenting on the gold price he added: “It’s hard to say where it will actually go. However, I do believe that the cost structure of the industry has changed so substantially in the past few years, that the sector would be in real trouble if we saw prices go down to $500/oz.”Evgueni Ivanov, General Director of Polyus Gold, the leading gold producer in Russia discussed the company’s growth strategy: “Growing organically rather than by acquisition will be the primary driver over the forthcoming years, as Polyus works to the approved strategy of four times growth by 2015, resulting in 3.9 Moz of production annually. Our announcement yesterday updated the market on two major projects in the Krasnoyarsk region, Blagodatnoye, the largest gold discovery in Russia with reserves of 7.2 Moz, and Titimukhta. Alongside our other projects and driven by an ambitious exploration programme, we expect our stated reserves of 68.6 Moz to grow even further. We are always looking for acquisition opportunities; however, we are seeing few good, value-creating deals out there at the moment.”To access the RBC Capital Markets’ Global Gold Mining Conference webcast click on http://www.wsw.com/webcast/rbc83/ The webcast will be available for 30 days.