Tower Hamlets regains its powers two years after corruption scandal

More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com Helen Cahill Read more: Tower Hamlets invests in its image with new PR bossMeanwhile, the council has set up a “Clear Up Team” to look into former council decision-making. In April 2015 Rahman was booted out as mayor following a High Court ruling that found him guilty of electoral fraud.Then, in October last year, a colleague of Rahman, councillor Shahed Ali, was jailed for five months for housing fraud, after a legal battle that cost the council £70,000 in legal fees. John Biggs, mayor of Tower Hamlets, said: “This is a real vote of confidence in the progress we have made turning the council around and putting right the mess left by the previous mayor.”Of course there is more work to be done and I want to see full control returned to the council as soon as possible, but today’s announcement shows we are on the right track and making a real difference for the people of Tower Hamlets.” Tower Hamlets has had most of its powers returned two years after a corruption scandal that saw its mayor, Luther Rahman, removed from office.Today the department for communities and local government (DCLG) said that Tower Hamlets once again has power over awarding contracts and grants. DCLG also removed one of the four government-appointed commissioners that have been charged with overseeing council processes. Tower Hamlets regains its powers two years after corruption scandal whatsapp whatsapp Share Friday 17 March 2017 4:39 pm read more

Moulton to strike Finncap merger with Cavendish

first_img Share Read This Next20 Stars Who’ve Posted Nude Selfies, From Lizzo to John Legend (Photos)The Wrap’Drake & Josh’ Star Drake Bell Pleads Guilty to Attempted ChildThe WrapIf You’re Losing Hair in This Specific Spot, It Might Be a Thyroid IssueVegamour’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapTop 5 Tips If You’re Losing Your EyebrowsVegamourRicky 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 HairVegamour Moulton to strike Finncap merger with Cavendish Tags: Company Sky Tuesday 23 October 2018 11:11 pm Sebastian McCarthy center_img Veteran venture capitalist Jon Moulton, who bought Finncap eight years ago, is rumoured to be setting up the deal that would combine the two businesses, with plans to list the company on London’s junior Alternative Investment Market (Aim).Cavendish, which advises on the sell side of mergers and acquisition, was founded by the Conservative Party’s former treasurer Lord Leigh 30 years ago.The deal to establish an advisory and capital markets business would value the firm at £45m.The news comes amid growing efforts to consolidate within the market for servicing small-cap firms, with government changes to the way brokers can charge for research hitting mid-sized companies.Sources told Sky the deal would be “a win-win” for the parties and their employees. City broker Finncap is gearing up for a merger with Cavendish Corporate Finance later this week, according to Sky News reports this evening. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman files for divorce after seeing this photoMisterStoryBetterBe20 Stunning Female AthletesBetterBeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo!   JustPerfact USAautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsHero Wars This game will keep you up all night! Hero Wars One-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily Funny whatsapp whatsapplast_img read more

News / Yang Ming stays in the red as THE Alliance fine-tunes its contingency fund

first_img By Mike Wackett 11/08/2017 Although troubled Taiwanese ocean carrier Yang Ming managed to improve its financial position in the second quarter of the year, it remains in the red.Yang Ming reported revenue of $1.1bn for the period, up 19.6% on the same quarter of 2016, from a 6.8% increase in volume to 1.15m teu.The result was a net loss of $14.7m for Q2 and a deficit of $43.7m for the six months.Yang Ming said the result showed a “consistent improvement” and said that it had “taken the initiative to control costs and to develop a new strategy to optimise its financial position”.The carrier has been operating under severe pressure for some time, and in January Drewry Financial Research Services identified Yang Ming as a “red flag risk”, suggesting it had taken the slot left vacant by Hanjin Shipping with the most leveraged balance sheet in the industry.Faced with shipper and counterparty concerns, heightened after the collapse of the world’s seventh-biggest container line in August 2016, Yang Ming had sought to calm speculation by bringing in new investors to prop up its balance sheet.Following February’s $54m share sale to state-run institutions, Yang Ming announced in May that it would confirm details of the new investors within a month, but the following month pleaded for more time to “achieve its recapitalisation goal”. Then, on 14 July, Yang Ming issued a statement that it intended to make a public offering of 500 million shares.Meanwhile, the US Federal Maritime Commission (FMC) has confirmed that THE Alliance, of which Yang Ming is a partner along with Hapag-Lloyd and soon-to-be-merged Japanese carriers K Line, MOL and NYK, has filed an amendment to “add further detail to protections in the event of an insolvency”.THE Alliance filed the amendment on 7 August seeking authority to form, contribute funds to and develop rules for a contingency fund designed to protect the operations of the VSA grouping should one of its members become bankrupt.When Hanjin went into receivership on 31 August 2016, around 500,000 teu, worth some $14bn, was stranded for weeks on 100 vessels around the world. The bankruptcy had a serious impact on containers booked by other partners in the now-defunct CHYKE alliance but loaded on Hanjin ships.FMC commissioner William Doyle said that it was important that “another Hanjin debacle does not happen”.He added: “Looking back, things could have been done differently. Looking forward, things must be done differently. We need safeguards and THE Alliance is heading in this important direction.” © Philippilosianlast_img read more

PIMCO rehires Marc Seidner

first_img Franklin Templeton renames funds with new managers Facebook LinkedIn Twitter James Langton NEO, Invesco launch four index PTFs Pacific Investment Management Co. (PIMCO) is continuing to build up its portfolio management team, in the wake of the surprise departure of founder, Bill Gross, earlier this year. The Newport Beach, Calif.-based investment management giant said Monday that Marc Seidner, who was a senior portfolio manager at PIMCO from 2009 to 2014, is returning to the fold as a managing director and portfolio manager, effective Nov. 12. He will also take on a new role as chief investment officer, non-traditional strategies and head of portfolio management in its New York office, and he’ll become a member of PIMCO’s investment committee. He left PIMCO to become a partner and head of fixed income at GMO LLC. Share this article and your comments with peers on social mediacenter_img FSRA appoints new board member Related news In his new role, Seidner will report to PIMCO’s new group chief investment officer, Daniel Ivascyn, who replaced Gross when he left the firm back in September. The firm says that he will work closely with Ivascyn on the oversight of several non-traditional investment teams; and, he will assume generalist portfolio management responsibilities as part of his new role. “Marc is a talented, highly experienced investor with broad market expertise and a deep knowledge of PIMCO, and his return will further enhance our global investment platform,” Ivascyn said. “Marc will be able to seamlessly contribute to our investment process and efforts on behalf of PIMCO’s clients. We are very pleased that he is returning to PIMCO in a senior portfolio management role.” Prior to joining PIMCO in 2009, Seidner was a managing director and domestic fixed income portfolio manager at Harvard Management Co., Inc. and also the director of active core strategies at Standish Mellon Asset Management Co. LLC. He also held senior portfolio management roles at Fidelity Management & Research Company. Keywords Fund managers,  Appointments last_img read more

Hot housing is driving recovery, but also stoking risks

first_img Facebook LinkedIn Twitter Ontario unlikely to balance budget by 2030: FAO Related news Yet those negative consequences were prevented, largely due to unprecedented fiscal policy action and debt payment deferrals, the report said.Now, the robust housing market is helping to drive the economic recovery.“But it may also be intensifying housing market imbalances and household indebtedness,” the report warned. In particular, the research finds that both house price growth and mortgage indebtedness have risen in recent months, which “generally suggests these vulnerabilities have increased.”Household debt has risen by almost 3.5% since the onset of the pandemic, the report said, with mortgage debt rising and consumer debt declining.“Compared with a typical recession, the pandemic has had a very different impact on housing demand,” the report noted.“The upper end of the income distribution—where the majority of homebuyers are found—has seen little disruption during the pandemic. This, combined with record-low mortgage rates, has resulted in relatively strong demand despite the broader economic downturn and a decline in population growth,” it added.For example, data on the ratio of sales to new listings “suggests that the housing market is exceptionally tight,” the report said, adding that national housing price growth during the pandemic has been running at about three times the pre-pandemic rate.Additionally, housing preferences have “shifted markedly” during the pandemic, with demand shifting away from condos in favour of single-family homes. The rise of remote working is also driving higher demand for rural and suburban areas.“At present, it is difficult to gauge how long these shifts in preferences will last after the pandemic recedes,” the report said.The Bank of Canada indicated that it “will continue to monitor these developments closely and will provide further updates in the next Financial System Review,” slated for May. The risks posed by an overheated housing market and high household debt levels have increased in recent months, according to a new research note from Bank of Canada staff.The report noted that imbalances in the housing market and risks tied to household debt levels represented financial vulnerabilities at the start of the crisis. And, those vulnerabilities “had the potential to amplify the devastating economic impacts of the pandemic and create additional stress across the Canadian financial system.” Household debt-to-income ratio fell in first quarter: Statscan House bubble boom presentation on chalkboard. Concept photo of Real estate market bubble , booming, money,price, rent, grid, home, house, housing, industry and subprime mortgage crisis. (Copy Space) 123RF Keywords Coronavirus,  Pandemics,  Housing,  DebtCompanies Bank of Canada Share this article and your comments with peers on social media Consumer debt driven by new mortgages, but credit card debt at six-year low James Langton last_img read more

Statement By Chancellor Richard L. Byyny

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Published: Feb. 25, 1998 We learned today that two student groups, Black Student Alliance and Oyate, have recently received racist, hate-filled messages from unknown sources. The University of Colorado at Boulder does not tolerate such examples of bigotry and hate, and has launched an immediate investigation by the CU Police Department. As an academic community committed to the principle of civility, we condemn any expression of racism and bigotry directed at any person or group on the Boulder campus. Hate messages hurt us all, but none more than the recipients. We want to express both outrage and sympathy for the extreme feelings of shock, anger and disbelief that the target groups must be experiencing. Vice Chancellor Jean Kim and Dean of Students Ron Stump have met with the recipients of the hate messages to offer support and assistance. We urge anyone who may have information about these incidents to contact the CU Police Department at 492-6666.last_img read more

Ileal Interposition cures 43 year old of type II diabetes

first_imgIleal Interposition cures 43 year old of type II diabetes DiabetesFortis Memorial Research Institute GurugramIleal Interpositiontype II diabetes WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals By EH News Bureau on July 23, 2019 MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Add Comment Share Related Posts Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app The missing informal workers in India’s vaccine story Phoenix Business Consulting invests in telehealth platform Healpha Menopause to become the next game-changer in global femtech solutions industry by 2025 Read Article Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” News Comments (0) A team of doctors led by Dr Ajay Kumar Kriplani, Director and HOD, Department of Minimal Access Bariatric and GI Surgery, FMRI performed Ileal Interposition via laparoscopyThe Department of Minimal Access, Bariatric and Gastro Intestinal Surgery, Fortis Memorial Research Institute (FMRI), Gurugram performed a rare laparoscopic surgery to permanently cure type II diabetes in an Iraqi national. Ayad Khadim Shawal Al-Elay Awi, 43 years, had been suffering from type II diabetes for the past 15 years and was on the verge of multi-organ failure. Despite multiple medications, his condition was beyond control. A team of doctors led by Dr Ajay Kumar Kriplani, Director and HOD, Department of Minimal Access Bariatric and GI Surgery (MABGIS), FMRI performed the ‘Ileal Interposition’ via laparoscopy to permanently cure the patient’s diabetes. Ileal Interposition surgery is a new and evolving concept.On presentation, Awi had an incredibly high blood sugar (PP) of 354 and a blood sugar (fasting) of 218. The average range for the same is 150 and 110 respectively. Despite taking medication for the last 15 years, there had been no improvement in his condition. His diabetes gradually spiralled out of control. Since he was seeing no results, Awi stopped taking the medications three months prior to his presentation at the hospital.Dr Kriplani said, “Ileal Interposition with sleeve gastrectomy is a key-hole surgery designed for normal and overweight patients with uncontrolled diabetes who can now look forward to achieving complete diabetic remission. Normally after a meal, the food is delivered from the stomach to the proximal small intestine (jejunum), then traverses to distal small intestine (ileum approximately 200 to 250 centimetres long) and lastly to colon or large intestine. The ileal interposition procedure involves the rearrangement of the small intestine so that distal small intestine (ileum) is interposed between stomach and proximal part of the small intestine (jejunum). Undigested food from the stomach is now delivered into distal part of the small intestine (ileum) first and then goes to the proximal part of the small intestine (jejunum). This rearrangement or interposition induces release of certain hormones from the gut, called incretins, which in turn increase insulin secretion from the pancreas and sensitise organs to insulin thus decreasing insulin resistance. This surgery is a first in North India.”Awi shared, “I was on regular insulin for 15 years and despite that my diabetes was unmanageable. When I heard that diabetes can be completely cured with a surgery, I had to get it done. I had my surgery 15 days back and I have not taken a single medicine for diabetes since then. My sugar levels are controlled, and I am happy that I can lead my life free of diabetes now.”Congratulating the team, Dr Ritu Garg, Zonal Director, FMRI said, “Ileal interposition or diabetic surgery is a lifeline for patients who have been struggling with diabetes for a number of years, have uncontrolled sugar despite medication or lifestyle measures and whose organs have started exhibiting signs of early damage due to impact of the condition on the kidney and other organs. Early organ damage may get reversed after diabetes remission due to ileal interposition. We are happy that our capable team at FMRI has pioneered yet another surgical intervention.”last_img read more

Merchandise stolen from Sephora worth nearly $1,500

first_imgHomeNewsCrimeMerchandise stolen from Sephora worth nearly $1,500 Jul. 16, 2016 at 6:26 amCrimeMerchandise stolen from Sephora worth nearly $1,500editor5 years agoCrime Watchgrand theftLos Angeleslourdes carlon deleonlourdes deleonSanta Monicasanta monica californiaSanta Monica Crimesanta monica daily presssanta monica newssanta monica policesephorashopliftingthird street promenade On July 8 at about 10:08 p.m., Santa Monica police officers were dispatched to Sephora at 1244 Third Street Promenade regarding a woman who was in custody for theft.They made contact with the store loss-prevention agent who had been monitoring closed-circuit television cameras. The agent saw a woman place several items into her purse and two shopping bags. The woman then selected a brush cleaner and paid for it at the cashier’s counter, failing to pay for the items in her bags.The woman left the store and was contacted by the agent. The suspect was then escorted back to the store, at which time the police were called.The officers were given an itemized receipt of the stolen items, which totaled about $1,491.The suspect, Lourdes Carlon Deleon, 24, of Los Angeles, was then transported to the police station, where she was booked for grand theft. Bail was set at $20,000.Tags :Crime Watchgrand theftLos Angeleslourdes carlon deleonlourdes deleonSanta Monicasanta monica californiaSanta Monica Crimesanta monica daily presssanta monica newssanta monica policesephorashopliftingthird street promenadeshare on Facebookshare on Twitteradd a commentIs Santa Monica destined to become a Notopia?Volunteer advocates foster hope for children in needYou Might Also LikeCrimeCRIME WATCHNewsCrime WatchGuest Author3 days agoCrimeFeaturedKnife-wielding woman arrested during L.A. Councilman’s speechGuest Author4 days agoCrimeCRIME WATCHNewsCrime WatchGuest Author7 days agoCrimeFeaturedHomeless man loses an eye to BB gun assaultGuest Author1 week agoCrimeCRIME WATCHNewsCrime WatchGuest Author1 week agoCrimeFeaturedNewsDUI & Possession of a Rifle ArrestsGuest Author1 week agolast_img read more

Nissan revs up smart watch

first_img Apple dominates Q4 smart watch market Author Devices AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 09 SEP 2013 Montblanc moves into smart watches Related Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight…More Read more HomeDevicesNews Nissan revs up smart watchcenter_img Ken Wieland Previous ArticleInstagram hits 150M users, 60% outside USNext ArticleBaidu takes on Shazam, SoundHound Smart watch market tipped to top $10B in 2017 Car manufacturer Nissan is the latest to join the smart watch fray with the unveiling of a device – a day ahead of the Frankfurt Motor Show – that monitors both car and driver.Designed specifically for drivers of Nissan Nismo cars, the Nismo Concept Watch monitors the performance and efficiency of the vehicle, as well as capturing the driver’s biometric data using a heart rate monitor.“Wearable technology is fast becoming the next big thing and we want to take advantage of this innovative technology to make our Nismo Brand more accessible,” said Gareth Dunsmore, Nissan’s marketing communications in Europe.The Nismo smart watch device ties in with the recent launch of Nismo Lab, a mobile laboratory that features advanced biometric training tools, such as brainwave technology and JukeRide (a performance analysis tool that captures live telematics and biometric data from race cars and ‘Nissan Nismo Athletes’ during races).Nissan say it is developing other health applications for wearable tech in the future. The three main ones, say the Japanese firm, are: ECG (Electrocardiogram), which measures the intervals of the R-R rhythm of the heart and identifies arly fatigue; EEG (Electroencephalogram) Brainwave, which monitors the drivers’ levels of concentration and emotions (and helps athletes to get ‘into the zone’); and Skin Temperature, used to record core body temperature and hydration levels.Nissan joins a growing list of tech companies moving into the smart watch space, including Samsung, Qualcomm and Sony. An Apple iWatch has also been rumoured for some time.According to recent figures from Generator Research, worldwide shipments of smart watches in 2014 will be in the region of 8.9 million units, ramping up to 214 million units by 2018.The retail value of the smart watch market, projects the research firm, will jump to $62.2 billion (2018) from $2.9 billion (2014). Tags Generator ResearchNissansmart watchlast_img read more

Telia reaches Turkcell sale agreement

first_img Yanitsa joins Mobile World Live as a Reporter based in London. She has more than 5 years’ experience at various media outlets in her home country Bulgaria. She started her career as a political reporter, followed by taking editor roles… Read more Previous ArticleAirtel invests in educationNext ArticleHuawei, ZTE in firing line of India-China friction salestakeTeliaTurkcellTurkey Telia targets cost cuts with new enterprise IoT play AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 18 JUN 2020 Home Telia reaches Turkcell sale agreement Elliott bets on Twitter with $200M boost Telia sealed a $530 million deal to sell its indirect stake in Turkcell to Turkey Wealth Fund, bringing the curtain down on 15-years of legal battles over ownership and governance of the largest operator in the nation.In a statement, Telia said the deal is expected to close in the second half of the year, with the fund acquiring its 47.1 per cent stake in Turkcell Holding, the operator’s majority shareholder, subject to regulatory and board approvals.The agreement includes complete settlement of all disputes and litigation related to the corporate governance and ownership of Turkcell and its holding company dating back to 2005. Telia explained the governance of Turkcell Holding “has been challenging” due to occasional difficulties stemming from disagreements between shareholders.“Through this divestment, we unwind a long-lasting legal deadlock; we reduce risk, improve leverage and increase liquidity which will generate better shareholder returns in our core markets,” Telia president and CEO Allison Kirkby noted.Telia began cutting its Turkcell ownership in 2017, to focus on its Nordics and Baltics operations.Over the past 20 years, Telia said it invested around SEK13 billion ($1.4 billion) in Turkcell, generating dividends and net divestment proceeds of around SEK28 billion.Telia expects to book a capital loss of SEK3 billion in the current quarter relating to the sale, based on a SEK8 billion book value for Turkcell, along with around SEK17 billion in forex losses.Turkcell was the biggest operator in Turkey by connections in Q1 with 30.5 million, GSMA Intelligence data showed. Subscribe to our daily newsletter Back Tags Telia claims positive start to strategy revamp Related Author Yanitsa Boyadzhieva last_img read more