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first_img Air Canada has announced that it is appointing Jason Berry, former head of Alaska Air Cargo, to lead its cargo team following the departure of Tim Strauss for Amerijet.Mr Berry is currently president of McGee Air Services, a subsidiary of Alaska Airlines, where he spent seven years as head of cargo. During his tenure, Alaska became the first US passenger carrier to operate freighters in recent years.There was some surprise at the external appointment at Air Canada, which amassed an impressive cargo team under Mr Strauss, and his predecessor Lise-Marie Turpin, and has been led in the interim by 20-year Air Canada veteran Vito Cerone.Mr Berry, while having no international experience, has worked in the North American region, and his introduction of freighters into Alaska’s fleet could be useful to Air Canada, which told The Loadstar this month it was converting two 767s into full freighters and may add another four to its fleet later. By Alex Lennane 27/11/2020 Mr Berry, in a media interview when he headed Alaska Air Cargo, revealed he was from a freight family: his aunt was gateway manager for Emery Worldwide, while his father was a loadmaster for several carriers, including Cargolux.“As a young boy, I would wake up early on the weekends and join my dad on the ramp to watch freighters being loaded. My first job in the industry was at Cargolux while I was still in high school,” Mr Berry said.“What was supposed to be a part-time job to save money for college ended up becoming a life-long love affair with the industry. While I never expected to continue down the same path as my family, after nearly 23 years, I couldn’t think of doing anything else.”last_img read more

first_img Previous articleAbbeyleix keep Palmer Cup alive with win over CamrossNext articleWATCH: Double All-Ireland Macra success for Laois club David PowerA journalist for over 20 years, David has worked for a number of regional titles both as journalist and editor. From Tullamore he also works as a content editor for Independent.ie. His heroes include Shane Lowry, Seamus Darby and Johnny Flaherty WhatsApp Council Five Laois monuments to receive almost €200,000 in government funding Twitter Twitter Rugby WhatsApp Assaults at prison in PortlaoiseThe Prison Officers Association annual conference heard of horrific sexual and serious assaults of prison officers which occurred at the Midlands Prison.No council houses built in Laois despite housing crisisThere was dismay at the news that no council houses were built in Laois recently, despite the ongoing housing crisis in the county.Death of much-loved racehorse NEWSFull scale of damage to former Portlaoise school revealedAt the start of the week LaoisToday revealed the full scale of the damage done to the former St Paul’s school in Portlaoise. Since then, a timeline for its demolition has been confirmed. Our pick of the top stories of the week Community Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining Home News Our pick of the top stories of the week News Facebook Pinterest RELATED ARTICLESMORE FROM AUTHOR The news of the death of former Irish Grand National winning horse Our Duke on Thursday caused widespread sadness in the county.12 year jail sentence for Jihadi who drover over Laois manDetails of the horrific incident were heard in Birmingham Crown Court.Evan O’CarrollSPORTPrestigious Rising Star award for Laois forwardThere was positive recognition for a young Laois forward following his exploits in the Sigerson Cup.Tuohy in line for landmark Australian Rules appearanceOne of Portlaoise’s most famous sporting sons Zach Tuohy was poised to make his 150th appearance in the sport this weekend.Well-known Laois man’s horse claims big prize in TramoreThe Portarlington colours were victorious in Waterford at the weekend as Augusta Gold claimed the bumper in Tramore.Disappointment for Laois camogie girls as Westmeath end their All-Ireland dreamsLaois were made to pay the price for a poor first half against Westmeach in their All-Ireland ‘B’ Camogie Championship Semi-FinalPupils from Ballylinan NS. Photo: Alf Harvey.WE ARE LAOISMoment in Time: Some classic photos from Ballylinan NS back in the year 2000These photos from 2000 by Alf Harvey are just fantasticThis is what I’m studyting: the young medical student in Trinity CollegeA Vicarstown student tells us about his medical studies in our latest edition of the seriesLaois’s top 25 tweeters revealedThe ultimate guide to Laois’s top 25 tweeters was revealed by LaoisToday with some changes from last year’s oneCOLUMNISTSIn his weekly column, Fr Paddy nails his colours to the mast on the forthcoming referendum By David Power – 22nd April 2018 Pinterest Ten Laois based players named on Leinster rugby U-18 girls squad Facebook TAGSTop Stories last_img read more

first_img Facebook LinkedIn Twitter Keywords Closed-end funds Faircourt migrates two closed-end funds to NEO Europe Blue-Chip Dividend & Growth Fund confirms termination date Moneda LatAm Fixed Income Fund (TSX:MLF.UN) announced on Tuesday that an administrative error caused fund’s published net asset value (NAV) per unit to be overstated for the period between July 3 and Sept. 30., with the maximum difference for any day being $0.23 per unit, or approximately 2.75-3.0%. The error was corrected in the closed-end fund’s NAV per unit published on Oct.1, the funds says in a statement. Related newscenter_img Share this article and your comments with peers on social media During the affected time period there were no offerings of or subscriptions for units of the fund at the originally published NAV per unit, the fund says, while 1,000 units of the fund were redeemed on Aug. 28. The manager of the fund, Scotia Managed Companies Administration Inc. (SMCAI), intends to reimburse the fund for the overpayment of redeemed units and overpayment of management fees resulting from the error and to compensate affected unitholders who traded units during the relevant period in accordance with the fund’s policies and procedures. The class A units of the fund are listed for trading on the Toronto Stock Exchange under the symbol MLF.UN. Digital Consumer Dividend Fund files IPO IE Staff last_img read more

first_imgusinessman analyzing investment charts with laptop nonwarit/123RF Share this article and your comments with peers on social media OSC finalizes DSC ban James Langton Related news Regulators are concerned that the use of alternative metrics that don’t have standardized definitions lack context and transparency, and can produce disclosure that’s misleading.In September 2018, the CSA proposed new requirements to govern the use of non-standard financial measures. Along with the usual policy consultation, the CSA also had 38 industry outreach sessions to discuss the proposals, which collected feedback from investors, issuers, accounting firms, standards setters and others.Now, in response to the input it received, the CSA has revised the proposals to limit the application of the requirements to certain issuers; to exempt certain disclosures from the rules; and to reduce and simplify disclosures. The rule’s provisions have also been changed to better align with the U.S. Securities and Exchange Commission’s (SEC) approach.The regulators said that their revised proposals don’t impose specific limitations or industry-specific requirements. Instead, they provide “clarity and consistency with respect to an issuer’s disclosure obligations and improve the quality of information provided to investors.”In its notice, the CSA said that it believes that the proposals will result in an overall net reduction in regulatory burdens, particularly in the long-term. It also said that the rule will reduce the burden on investors by enhancing the consistency, comparability and transparency of disclosure, and by reducing information asymmetries.“In response to stakeholder feedback, we have reviewed and reduced the scope of the proposed rule and simplified disclosure requirements,” said Louis Morisset, chair of the CSA and president and CEO of the Autorité des marchés financiers (AMF).“We believe these changes will result in a cost-effective proportionate regulatory framework that maintains appropriate investor protections,” he added.The deadline for comments on the new set of proposals is May 13. Don’t believe the hype: BCSC proposes new rules for stock promoters The Canadian Securities Administrators (CSA) have revised a proposed rule that aims to enhance investor confidence by setting new disclosure requirements for issuers that use alternative measures of financial performance.The revised proposal — which would establish requirements for issuers that use non-GAAP financial metrics, such as “adjusted earnings,” in their disclosure to investors — is out for a second comment period. Facebook LinkedIn Twitter CSA sets rules on non-GAAP financial reporting Keywords Accounting standards,  Disclosure,  Investor protectionCompanies Canadian Securities Administrators last_img read more

first_img Related news Facebook LinkedIn Twitter The Canadian banks have outperformed expectations during the pandemic, but high debt levels pose a long-term threat, says Fitch Ratings.In a new report, the rating agency noted that the banks have proven resilient over the past year, with strong liquidity and asset quality as substantial fiscal stimulus underpins the economy. Sovereign defaults hit record level in 2020: Fitch Keywords Banking industry,  Debt,  Credit ratingsCompanies Fitch Ratings Skyline of the financial district iStock The Big Six banks reported strong earnings for their second quarter, beating analyst expectations.“However, the rapid rise of private and public sector indebtedness is negative for long-term credit conditions and increases the sector’s vulnerability to financial stress,” the report said.In April 2020, Fitch lowered the “operating environment” outlook for the banks to negative. That outlook will be reviewed in the third quarter, and if the score is downgraded, could pressure the banks’ credit ratings.Fitch said that high debt levels, among both households and non-financial corporates, could result in a lower operating environment score.The report estimated that private credit rose to 210.4% of GDP as of the end of 2020, up from an average 192.2% between 2015 and 2019.“While debt service was made more manageable by ultra-loose monetary policy since March 2020, the share of private sector income dedicated to debt service has been on a long-term rising trend and on track to rapidly reach pre-pandemic levels,” it said.At the same time, government debt levels have soared amid the provision of extensive fiscal stimulus.Fitch estimates that Canada’s general government debt will rise to 122% of GDP in 2022, up from 86.3% in 2019.“In conjunction with higher private-sector leverage, the public sector’s capacity to use fiscal policy as back-stop for the banking system during future crises has been diminished,” it noted. Household debt-to-income ratio fell in first quarter: Statscan G7 tax pledge may be upstaged by CBDC work Share this article and your comments with peers on social media James Langton last_img read more

first_imgRelatedJamaica Diaspora UK Office Up and Running RelatedJamaica Diaspora UK Office Up and Running FacebookTwitterWhatsAppEmail The new Jamaica Diaspora United Kingdom (UK) office, based at the Jamaican High Commission complex in London, is now up and running, with new telephone numbers and e-mail address.Advisory Board Member in the UK, Celia Grandison Markey, told JIS News that the UK Diaspora movement is pleased that the Group has taken another step forward. She says the office will give the organisation a physical base and a point of contact that will make its administrative, community and outreach work much easier.“The office is a sign of the progress we have made since our launch. The office means that the Jamaican and wider UK community will now have a central contact point with the Jamaica Diaspora UK. It will also allow us to be better able to communicate more effectively with our regions, the wider Jamaican and host communities,” Mrs. Grandison Markey said.The UK Diaspora group was officially launched in June 2005, and was born out of the mandate of the first Jamaica Diaspora Conference, held in Kingston, in 2004. It is comprised of six regional groups from across the UK and held its first UK conference in April, 2006.Contact details of the Jamaica Diaspora UK are: c/o The Jamaican High Commission, 1-2 Prince Consort Road, London SW7 2BZ. The telephone numbers are: 020 7225 1796, Mobile: 076 3157 2045, e-mail: [email protected] Jamaica Diaspora UK Office Up and Running UncategorizedJanuary 9, 2009center_img RelatedJamaica Diaspora UK Office Up and Running Advertisementslast_img read more

first_imgGifting circle committing participants to break law Reports of people participating in another illegal pyramid scheme/gifting circleThe Commitment Circle is believed to have originated in New ZealandThe scheme has targeted people in remote Indigenous communities in AustraliaPeople who take part in gifting circles are being warned by Consumer Protection that they could be breaking the law and could face prosecution following reports of another illegal pyramid scheme being promoted in Australia and New Zealand.The latest pyramid scheme to be uncovered The Commitment Circle, also known as Foundation Gifting and 63K Masterminds, appears to originate in New Zealand where authorities have been notified.Consumer agencies in Australia, including Consumer Protection, have received dozens of enquiries about these schemes which seem to target Indigenous residents in remote communities in Queensland and New South Wales, among others.Participants are usually recruited to join the pyramid scheme through family or friends and are directed to view a video on YouTube and also receive images which outline how the scheme works, with promises that those who join will earn $AUD63,000 in just four weeks.After paying a $US400 joining fee, new recruits are told that they will receive $US800 in the first week but they need to re-gift $US500 of that and keep $US300. In the second week, they will receive $US4,000 and must re-gift $US2,500. In the third week, they receive $US20,000 and re-gift $US6,000 and, in the final fourth week, they will receive $US48,000 but don’t need to re-gift any of it.In April 2019, a warning was issued about a pyramid scheme that was pretending to be a women’s spiritual support group and involved participants in WA’s South West: Illegal pyramid scheme masquerades as a women’s support network (Gifting Mandala) It followed a warning about a similar scheme in June 2018: Women’s spiritual group identified as an illegal pyramid scheme (A Living Workshop)Commissioner for Consumer Protection Lanie Chopping said that the illegal pyramid schemes are dressed up to look legitimate.“These schemes are often shrouded in secrecy, promote a feeling of generosity and sometimes involve spirituality, with participants being made to think they are doing something good and will profit from it at the same time,” Ms Chopping said.“All pyramid schemes rely on a constant recruitment of new people and, the longer it goes on, the greater risk of it collapsing and those on lower levels losing out.“Because of the secrecy and the reluctance of those reporting to us to dob in their family or friends, it’s difficult to find the original promoters, but that doesn’t stop us from trying as the originators are usually the ones who profit the most.“We remind people that it’s not just the organisers who face prosecution, it’s also illegal to participate in pyramid schemes at any level. We recommend that, if approached to join any ‘gifting circles’, as tempting as it may seem, just say no and report it to us.“People who have useful information as part of our investigation into this and other schemes can safely come forward without fear of prosecution.”Anyone with information about gifting circles or other pyramid schemes is urged to contact Consumer Protection by email [email protected] /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:Australia, Commissioner, Commissioner for Consumer Protection, Family, Government, Indigenous, Industry regulation, investigation, New South Wales, New Zealand, participants, profit, prosecution, Queensland, remote communities, video, WA, Western Australia, womenlast_img read more

first_img The missing informal workers in India’s vaccine story Related Posts Read Article Mukesh Bansal to join as President, Tata DigitalTata Digital has entered a Memorandum of Understanding (MoU) for investing of up to $75 million in CureFit, subject to completion of diligence process and other approvals.Mukesh Bansal, Founder and CEO, CureFit, will join Tata Digital in an executive role as President, Tata Digital Limited. In addition, he will continue in his leadership role at CureFit.CureFit has developed a strong ecosystem around fitness and wellness. Indian fitness and wellness market is growing at ~20 per cent per annum and is expected to reach ~$12 billion by 2025. With its range of fitness and wellness offerings, it will help Tata Digital expand into pro-active health management space.Speaking on the development, N Chandrasekaran, Chairman, Tata Sons, said, “The CureFit partnership with its industry-leading platform in fitness and wellness aligns well with our overall healthcare proposition where fitness is increasingly becoming an integral part of a consumers’ life. We are delighted to have Mukesh Bansal as a part of the key leadership team of Tata Digital. With his deep consumer experience and an entrepreneurial mindset of having incubated and grown two successful businesses, his expertise will bring immense value to us.”Expressing happiness on his new role, Bansal said, “Joining Tata Digital marks an exciting new step for me and my team and is a recognition of the value we have created with CureFit for fitness enthusiasts in India. Being part of Tata Digital will enable us to nationally scale up our offerings for our customers. Tata Digital has an inspiring vision to create next-generation consumer platform and I am excited to be part of its team that is shaping this vision.” Phoenix Business Consulting invests in telehealth platform Healpha MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” Menopause to become the next game-changer in global femtech solutions industry by 2025 Add Comment Sharecenter_img By EH News Bureau on June 8, 2021 WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Adoption of AI/ML can disrupt healthcare services Tata Digital to invest in CureFit Healthcare Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” News Comments (0)last_img read more

first_img Author Related Kavit Majithia Previous ArticleLG, connected car players test Verizon 5G MECNext ArticleRakuten Mobile doubles down on network investment Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >> Read more Telstra laid out a restructure plan to split its business into three separate units, in a move which could pave the way for the sale of the operator’s mobile infrastructure assets and a potential play for Australia’s National Broadband Network (NBN).In a statement, Telstra CEO Andrew Penn explained the move, which proposed the operator be split into three separate legal entities: InfraCo Fixed; InfraCo Towers; and ServeCo.Telstra actually spun out its infrastructure business in 2018, establishing InfraCo to manage the vast majority of its network assets.The company said it had now taken the decision to separate the business into two units as an evolution and to help with future planning for the operator overall.Penn explained InfraCo Fixed would own and operate its passive physical infrastructure assets; InfraCo Towers would run its passive physical mobile tower assets; and ServeCo would run its retail division, including taking control of RAN equipment and spectrum holdings, and fibre assets in its fixed network.Monetise assetsMost interestingly, Penn said the company would look to monetise InfraCo Towers “over time, given the strong demand and compelling valuations for this type of high-quality infrastructure”.He also said the restructure “creates optionality when the NBN is privatised, and could lead to greater network efficiency and reduced duplication”.The Sydney Morning Herald said the potential privatisation of government-owned NBN would not begin until 2024 at the earliest, and finding a buyer for Telstra’s mobile tower assets would be more of a priority in the short term.Goldman Sachs valued the mobile infrastructure at AUD4.5 billion ($3.3 billion).Penn added the overall restructure would be its biggest and most complex since the government privatised Telstra in 1997. Subscribe to our daily newsletter Back Telstra AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore1 12 NOV 2020 center_img Telstra earmarks $116M to boost rural coverage Asia Telstra to delist from New Zealand exchange Australia completes 26GHz auction Tags HomeAsiaNews Telstra eyes asset sales through major restructurelast_img read more

first_imgHome Crown Castle scores big Verizon 5G small cell deal Verizon sorts sensor supremo AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore4 29 JAN 2021 Tags Communications infrastructure provider Crown Castle highlighted a small cell deal agreed with Verizon this week as the largest in company history, as it revealed a hike in earnings in the closing months of 2020.On an earnings call, Crown Castle CEO Jay Brown said it secured a contract to deploy 15,000 5G small cells for Verizon over fours years. He stated the contract signalled “what we think is a big start toward” the next-generation technology.EVP and CFO Daniel Schlanger said it doesn’t expect the Verizon deal to have a material impact on its finances in 2021: Brown explained this is because it takes approximately “two to three years from the time that we identify a location to where we’re ultimately able to build” the small cells.In time, though, Brown predicted the US market will have “millions of small cells…and we’ll get our share of those in places where we own the fibre”.He added the deal was “real affirmation” of its strategy, following criticism of the company’s approach by activist investor Elliott Management in 2020.Net income of $508 million in Q4 2020 was up from $208 million in the comparable 2019 period, on revenue of $1.5 billion, up 4.6 per cent. Subscribe to our daily newsletter Back Diana Goovaerts Verizon shuffles executives Related Previous ArticleLG mobile losses continue as sword hangs over futureNext ArticleDtac profit tumbles, prepares for declines in 2021 Amazon reels in MGM Crown Castlesmall cellsVerizon Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more Authorlast_img read more