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first_imgPresident Biden is determined to spend $1.9 trillion on assisting the US economy, but in the near-term he might have to settle for a package worth $618bn – which would have the backing of a group of Republican senators, Madden told City A.M. this morning. All eyes are on the Bank of England today “The central banker didn’t seem wedded to the idea but the very mention of the policy sparked concern,” Madden said, pointing out that, last month, Bailey described negative rates as ‘controversial’, which pushed up sterling. “Trader’s attention drifted back to topics such as lockdowns, vaccination rates as well as a US stimulus package. The prospect of the Biden administration signing off on a relief package of some shape or form has been the biggest driver of stocks recently,” said David Madden, market analyst at CMC Markets UK, this morning. Calm has been restored to equity markets as the violent swings that were witnessed due to the Reddit-retail investor mania have waned. Volatility in Gamestop – the stock at the centre of the saga – has cool greatly and that has in turn brought the temperature down in the markets. Rates Decision at noon Show Comments ▼ On several occasions in 2020, Andrew Bailey, the BoE chief, mentioned the possibility of introducing negative rates. Also Read: All eyes are on the Bank of England today At 9.30am (UK time) the UK construction PMI update will be posted, economists are expecting 52.9, down from 54.6 in December. Also Read: All eyes are on the Bank of England today Also Read: All eyes are on the Bank of England today Madden expects all nine members of the MPC will vote to leave rates at 0.1 per cent and the asset purchase scheme at £895bn. In November, the BoE upped the stimulus package from £745bn to £895bn but a lot has changed since then, some developments have been negative, while others have been negative. Share “Dealers took that as a sign that rates are unlikely to be cut below zero. On balance, it appears the UK’s outlook is more positive now than it was in November,” he said. Today the Bank of England (BoE) is expected to leave monetary policy on hold. The decision will be announced at 12pm, 30 minutes later the press conference will commence. Michiel Willems “We could hear Mr Bailey try and distance himself even further from the idea of negative rates. Sterling has been trending higher recently, earlier this week, the CMC GBP Index hit its highest level since March 2020,” Madden concluded.                 whatsapp “Tough restrictions on the UK economy were extended into December, which were subsequently rolled over again in the New Year. Similar measures happened in other European nations,” Madden noted. whatsapp Thursday 4 February 2021 7:17 am Tags: Bank of England UK interest rateslast_img read more

first_img By Mike Wackett 06/11/2020 Daniël Leppens Container rates across main and secondary tradelanes are exploding, with no hope of any easing of the pain for ocean freight shippers in the coming weeks, or possibly even months.Today’s Shanghai Containerized Freight Index (SCFI) comprehensive index value has doubled since May, with several tradelane components recording gains in spot rates in excess of 100%.This week saw another 9% increase in the SCFI for rates from Asia to North Europe, to $1,246 per teu, and in further bad news for shippers, carriers are now busily preparing further rounds of FAK rate increases for this month and next.Rates for Mediterranean ports, as recorded by the SCFI, edged up by just under 3%, to $1,365 per teu.The only cloud on the horizon for carriers is the impact on demand from new lockdowns in Europe, with many retailers shut for weeks, possibly causing some orders from Asia to be paused or cancelled.CMA CGM has upped its minimum FAK rate for North Europe to $2,650 per 40ft high-cube, effective 7 November, however several shippers have told The Loadstar they are already paying much higher rates to carriers for prompt container availability and to guarantee shipment.The SCFI index for North Europe is some 70% higher than on 1 May, and continues its upward trajectory, Normally at this time of year carriers would be trading in the slack season and face a downward pressure on rates.And shippers have already been advised of fresh FAK increases from 1 December with, for example, Hapag-Lloyd upping its 40ft high-cube base rate, including fuel surcharge for North Europe (excluding the UK), to $3,020.Moreover, UK shippers are being asked to pay carriers at least another $300 per box on top of a port congestion surcharge.Indeed, this week Hapag-Lloyd advised its customers that it would apply a $175 per teu congestion surcharge from 15 November on all cargo destined for the three biggest UK box ports of Felixstowe, Southampton and London Gateway.Meanwhile, on the transpacific tradelane, the SCFI recorded a modest $22 increase for spot rates to the US west coast to $3,871 per 40ft. For US east coast ports there was a $24 increase in the spot rate to $4,665 per 40ft.Spot rates to the US west coast are up 124% since May and for the east coast, ahead by 68%.There is no sign of the demand on the route running out of steam, with import volume forecasts for the port of Los Angeles showing substantial year-on-year increases in November and, despite carriers deploying extra loaders, rates continue to hold steady at record levels.Notwithstanding these extra loaders, transpacific carriers are being heavily criticised by US BCOs and NVOCCs for hiking rates, implementing surcharges, a shortage of containers, strict implementation of demurrage and detention charges and a general “lack of service”.“I have never seen a situation such as that we face with the carriers: no space, no equipment, no service,” said Washington state-based industry veteran Jon Monroe, of Jon Monroe Consulting.Elsewhere on the SCFI, since May the spot index has recorded an 88% increase in rates from Asia to South Africa, a 136% surge in rates to Australasia and a massive 291% leap in rates to the east coast of South America.The rate contagion has now also reached the usually stable intra-Asia trades, with spot rates increasing by $221 this week, to $475 per teu, having spiked by 180% in just two weeks.And just to add to the challenges for shippers on the routes, Hapag-Lloyd has today announced a peak season surcharge between China and other intra-Asia ports of $1,000 per 40ft.last_img read more

first_imgTALLAHASSEE, Fla. / AP — A statewide appointment system for COVID-19 vaccinations will help bring order to the chaos surrounding the first weeks of the state’s rollout, Florida officials said on Thursday, Jan. 14.Florida’s director of emergency management Jared Moskowitz described his plans for an online portal system that will be put into use within a few weeks.Governor Ron DeSantis has prioritized giving COVID-19 vaccines to seniors 65 and older, but that caused a huge supply and demand issue. Some seniors camped out in long lines outside of vaccination sites and were turned away when supplies ran out. Since then, DeSantis has worked to increase the amount of vaccination sites in the state. Cape Coral doctor offers medical marijuana discount as COVID-19 vaccine incentive June 11, 2021 Lee County COVID-19 vaccine site moving to North Fort Myers this month June 13, 2021 Mobile pediatric clinic provides COVID vaccines for children 12+ June 15, 2021 RELATEDTOPICS AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments AdvertisementAs of this week, more than 707,000 Floridians had at least one shot of two vaccines approved by the federal government. More than 1.5 million people have tested positive for the virus in the state since the pandemic began; nearly 24,000 have died.Sen. Gary Farmer has criticized DeSantis for his “lack of leadership” in the pandemic. Farmer said the distribution of the vaccine has been in disarray because of a lack of a cohesive plan to get the shots into the arms of Floridians.Some vaccination sites had to turn seniors away when the vaccine vials went dry and appointment websites have crashed because of the intense demand. AdvertisementTags: appointmentcovid-19 vaccineVaccine “A lot of people are asking the question: When are we going to have the vaccine, and what does the timeline look like?” asked Sen. Aaron Bean, a Republican. “Is it fair to say that at current supply, in simpleton’s terms, that at current supply, it’s a 22-month window maximum?” Florida Surgeon General Scott Rivkees said he hopes other vaccines will soon come into the market to potentially speed up the timetable.“We are very hopeful that other vaccines will follow in the near term,” Rivkees said.Lee County is expected to be one of the first counties to use the system, according to Lee County Manager Roger Desjarlais.“In our conversation with the state last week because we were doing so well getting shots in arms, the state asked us to be one of the first counties to get the rollout,” Desjarlais said.Kristine Hollingsworth, the spokeswoman for the Department of Health in Collier County, said the state selected eight counties to be part of the state-run online system launch.Hollingsworth said the eight counties are currently not using an online system for appointments.As of right now in Lee County, vaccine appointments can only be booked over the phone.“I spent yesterday 2 hours on the phone to keep getting knocked out,” Jeanne Flueckiger said.Soon residents will have the option to book their appointments online through the new system.However, as of right now, there is no timeline as to when the site will go live.“There is something between the state and the vendor in the State of Florida that has delayed the rollout,” Desjarlais said. Mobile pediatric vaccination clinic happening in Cape Coral Friday June 11, 2021 Advertisement AdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Advertisementlast_img read more

first_img BREAKING: GAA suspend all club games ‘with immediate effect and until further notice’ The GAA have suspended all club games ‘with immediate effect and until further notice’ in a letter circulated to county boards this afternoon.The decision means that no more club games can be played in Laois leaving all championships unfinished except for the Intermediate football.The teams most impacted by this news are the hurlers of Clough-Ballacolla, Borris-Kilcotton, Portlaoise, The Harps, Trumera and Rathdowney-Errill who were due to compete in the senior, premier intermediate and intermediate hurling finals this weekend.It also takes the debate over what to do with Laois GAA’s unfinished senior club championship out of the Laois County Board’s hands.While not confirmed, LaoisToday understands that club activity will be prohibited until the end of the inter-county season – which isn’t due to finish until the end of December.The decision means that Laois county teams, senior and minor footballers, plus senior, minor and U-20 hurlers, presumably can continue their games.The letter states: “The GAA’s Management Committee has today endorsed a decision to suspend all GAA Club games ​at all levels with immediate effect ​and until further notice.“The decision has been taken in the interest of public safety following a number of incidents that have been brought to our attention in recent days. ​In particular, post-match celebrations and a lack of social distancing at certain events have proved disappointing and problematic.“This directive applies to all ages and all grades across the island.“Club Social Centres / bars are also to close.“​Training will continue to be permitted as per the guidelines outlined for the relevant levels in the Government’s National Framework for Living with Covid 19 and relevant guidelines in the Six Counties.“The GAA will continue to monitor the situation in the ​coming days and weeks, regarding changes in government guidelines, before liaising with our units accordingly.“The Association would also like to acknowledge all of those units who have worked diligently in complying with the public health advice around the staging of our games and training sessions since activity resumed.“More than ever, we ask that you continue with this approach where training sessions for your players is continuing.”SEE ALSO – Latest football Team of the Week as senior action down to semi finals By Alan Hartnett – 5th October 2020 Pinterest Previous articleLatest football Team of the Week as senior action down to semi finalsNext articleLaois nursing home at centre of Covid-19 outbreak Alan HartnettStradbally native Alan Hartnett is a graduate of Knockbeg College who has worked in the local and national media since 2008. Alan has a BA in Economics, Politics and Law and an MA in Journalism from DCU. His happiest moment was when Jody Dillon scored THAT goal in the Laois senior football final in 2016. Electric Picnic Facebook TAGSCoronavirusGAA Pinterest Electric Picnic Electric Picnic organisers release statement following confirmation of new festival date Bizarre situation as Ben Brennan breaks up Fianna Fáil-Fine Gael arrangement to take Graiguecullen-Portarlington vice-chair role WhatsApp Twitter RELATED ARTICLESMORE FROM AUTHOR News WhatsApp Facebook Laois Councillor ‘amazed’ at Electric Picnic decision to apply for later date for 2021 festival Home Sport GAA BREAKING: GAA suspend all club games ‘with immediate effect and until further… SportGAA Twitterlast_img read more

first_img RELATED ARTICLESMORE FROM AUTHOR By Choi Song Min – 2012.01.11 9:29am News News Harsh Punishments for Poor Mourning The North Korean authorities have completed the criticism sessions which began after the mourning period for Kim Jong Il and begun to punish those who transgressed during the highly orchestrated mourning events.Daily NK learned from a source from North Hamkyung Province on January 10th, “The authorities are handing down at least six months in a labor-training camp to anybody who didn’t participate in the organized gatherings during the mourning period, or who did participate but didn’t cry and didn’t seem genuine.”Furthermore, the source added that people who are accused of circulating rumors criticizing the country’s 3rd generation dynastic system are also being sent to re-education camps or being banished with their families to remote rural areas.Daily NK earlier reported news that criticism sessions were being held at all levels of industry, in enterprises and by local people’s units starting on December 29th, the last day of the mourning period. A source said at the time that the central authorities had ordered the sessions to be completed by January 8th.The North Hamkyung source commented of the sessions that they “created a vicious atmosphere of fear, causing people to accuse ‘that young upstart’ (Kim Jong Eun) of preying on the people now that he has taken power.”Along with criticism sessions, the authorities also turned up the heat on efforts to idolize Kim Jong Eun immediately after the mourning period ended, something which has yet to let up. “Every day from 7am until 7pm they have vehicles for broadcast propaganda parked on busy roads full of people going to and from work, noisily working to proclaim Kim Jong Eun’s greatness,” the source explained.The intense propaganda is said to be taking its toll on the people as well, with the source commenting, “People in factories and schools, regional and ward Party members, members of the Youth League and the Union of Democratic Women are all being made to study the Joint New Year’s Editorial and the greatness of Kim Jong Eun in the morning and afternoon, with the sessions packed so tightly together without a break that people are just exhausted.”The source even revealed that public trials are being employed without regard for the frigid weather to judge people who attempted to leave North Korea during the mourning period, either to defect or to smuggle, as well as those discovered using mobile phones to make calls out. While it has not been possible to verify the public trial claim, earlier the authorities did order the military to shoot anyone who attempted to defect during the mourning period and eliminate their family, so it would not be surprising. The source agreed with earlier testimony stating that while it is usually possible to escape punishment during such crackdowns with bribes, it is much more difficult to do so now. There are signs that North Korea is running into serious difficulties with its corn harvest News center_img SHARE AvatarChoi Song Min North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) NewsEconomy Facebook Twitter US dollar and Chinese reminbi plummet against North Korean won once againlast_img read more

first_img A look at the loonie’s recent struggles James Langton Related news The Standing Senate Committee on Banking, Trade and Commerce has launched an inquiry into the recent decline in the Canadian dollar, and its impact on the economy. With the dollar recently declining to its lowest level since 2003, the Senate committee announced on Wednesday that it is undertaking a detailed study into the sliding value of the loonie. Loonie hits sweet spot, likely to climb further Keywords Dollar The committee acknowledges that the decline in the dollar is largely due to the fall in oil prices, and the relative strength of the U.S. economy, but “it will be calling economists from the banking and financial sectors and from government to contribute to a more detailed picture,” the Senate committee says in a statement. The Senate committee will also examine the impact of trade agreements, the effect of the diverging approaches to monetary policy in Canada and the U.S., and to consider federal policy changes that could mitigate the negative impact of a weak Canadian dollar, the statement adds. “Canadians deserves some clarity on what is happening with their dollar and why. This is not something that is abstract to them, it has an impact on their everyday life. Through this study, the Banking, Trade and Commerce Committee can help provide them with some of that clarity,” says Senator David Tkachuk, chairman of the committee. “We need more than a low dollar for exportation, Canada needs a new and comprehensive trade strategy,” adds deputy chairwoman, Senator Céline Hervieux-Payette. Share this article and your comments with peers on social media Flexible exchange rate leads to stability: BoC Facebook LinkedIn Twitterlast_img read more

first_imgRelated$25 Million Allocated to Upgrade Facilities at Independence Park Related$25 Million Allocated to Upgrade Facilities at Independence Park Related$25 Million Allocated to Upgrade Facilities at Independence Park $25 Million Allocated to Upgrade Facilities at Independence Park CultureMay 17, 2012 FacebookTwitterWhatsAppEmail A sum of $25 million is to be used this fiscal year to upgrade and refurbish sporting facilities at the Independence Park Limited in Kingston. The project is being implemented by the Office of the Prime Minister (OPM), under the Sports portfolio. As contained in the 2012/13 Estimates of Expenditure, now before the House of Representatives, the allocation will cover: refurbishing filtration and plumbing for pool; upgrading of outdoor court; fire equipment upgrading; and training venue for national teams. Independence Park Limited manages the facilities at the National Stadium, National Arena, and National Indoor Sports Centre. The Minister with responsibility for Sports in the OPM is Hon. Natalie Neita- Headley. By Chris Patterson, JIS Reporter Advertisementslast_img read more

first_img Twitter News, Sport and Obituaries on Monday May 24th Previous articleImplementation of Deputy Doherty’s Consumer Insurance Contracts Bill delayedNext articleCalls for LIS scheme to be properly funded or scrapped News Highland Facebook Community Enhancement Programme open for applications Twitter Nine til Noon Show – Listen back to Monday’s Programme RELATED ARTICLESMORE FROM AUTHOR Important message for people attending LUH’s INR clinic WhatsApp Eight donkeys rescued by Donegal Donkey Sanctuary AudioHomepage BannerNewscenter_img Google+ Arranmore progress and potential flagged as population grows By News Highland – July 20, 2020 Facebook Google+ Eight donkeys have been rescued by the Donegal Donkey Sanctuary over the weekend.The animals, which were rescued from various locations across the country were found in a state of neglect covered in cuts and sores and some with overgrown hooves.Manager of Donegal Donkey Sanctuary Danny Curran says it’s vital people reach out for assistance in caring for animals:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/07/curran1pm.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume. WhatsApp Pinterest Pinterest Loganair’s new Derry – Liverpool air service takes off from CODA last_img read more

first_img Facebook Community Enhancement Programme open for applications By News Highland – July 15, 2020 Arranmore progress and potential flagged as population grows Previous articleIrish Water told to ‘come clean’ over Letterkenny worksNext articleMan assaulted during aggravated burglary in Derry News Highland Google+ RELATED ARTICLESMORE FROM AUTHOR WhatsApp Nine til Noon Show – Listen back to Monday’s Programme Pinterest Facebook Woman killed in Tyrone crashcenter_img Homepage BannerNews WhatsApp Google+ Twitter A woman has been killed in a two car crash in Co. Tyrone. It happened on the Ballynakilly Road in Coalisland at around 9 o’clock last night.The driver of the other car was uninjured.Police are appealing for witnesses to contact them. Twitter Loganair’s new Derry – Liverpool air service takes off from CODA Pinterest Important message for people attending LUH’s INR clinic Publicans in Republic watching closely as North reopens furtherlast_img read more

first_img By News Highland – August 12, 2020 Arranmore progress and potential flagged as population grows WhatsApp Facebook Previous articleWarning over potential ‘rollercoaster of lockdowns’Next articlePandemic leaves local post offices under threat News Highland Google+ Pinterest RELATED ARTICLESMORE FROM AUTHOR Twitter Google+ Important message for people attending LUH’s INR clinic Nine til Noon Show – Listen back to Monday’s Programme center_img Pinterest AudioHomepage BannerNews WhatsApp Twitter Searches are taking place for an Omagh man who has been missing from Ramelton since Friday. Seamus McCarney was visiting the area with family and was last seen in Milford on Saturday morning at around 9.30am.Gardai received a subsequent report of a possible sighting at Illistrin, on the outskirts of Letterkenny.Efforts are getting underway today in Letterkenny and the surrounding area in a bid to trace Seamus’s whereabouts with volunteers conducting searches and handing out flyers.His sister, Alice McCarney made an emotional appeal for Seamus to come home on today’s Nine till Noon Show:Audio Playerhttps://www.highlandradio.com/wp-content/uploads/2020/08/misgfhgfhgfhgfhsingfull.wav00:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.He is described as being 5’9″, with, with short brown hair and a beard, of medium build with brown eyes.When last seen Seamus was wearing black tracksuit bottoms, black tracksuit top, black shoes and a black Nike peaked cap.If you have any information or know Seamus’ whereabouts – Please contact Milford Garda Station on 074 9153060 Loganair’s new Derry – Liverpool air service takes off from CODA Community Enhancement Programme open for applications Facebook Searches getting underway in Letterkenny for missing Omagh man Publicans in Republic watching closely as North reopens furtherlast_img read more