HSBC appoints internal candidate as head of global markets

first_img whatsapp Monday 28 January 2019 1:01 pm whatsapp Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldUndoinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comUndoTotal PastJohn Wick Stuntman Reveals The Truth About Keanu ReevesTotal PastUndomoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comUndobonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comUndoOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutUndo Share The bank’s head of European operations Thierry Roland has taken on the role on an interim basis since de Roux’s departure.Elhedery, currently the chief executive of HSBC’s Middle East and North Africa and Turkey division, will begin the role on 15 March, according to an internal memo.The former Paribas and Goldman Sachs banker joined HSBC in 2005 and is also a non-executive director at the British Saudi Bank.The bank’s global markets business reported revenue of $5.2bn (£3.95bn) in the nine months to September last year – a six per cent decrease compared with 2017.But third quarter revenue rose to $1.74bn from $1.56bn in the second quarter. Callum Keown Tags: Trading Archive Market volatility towards the end of 2018 saw a number of major US banks report a fall in fixed income trading revenue, with Morgan Stanley’s 30 per cent drop leading the way.Last month US stock markets suffered their worst December since 1931, with the S&P 500 down nine per cent and Dow Jones down 8.7 per cent, capping off the worst year for stocks since the financial crisis in 2008.JP Morgan, Citi and Goldman Sachs all reported double-digit year-on-year decline when it came to fixed income trading.Attention will turn to HSBC when it releases annual results and fourth quarter earnings next month. More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comConnecticut man dies after crashing Harley into live bearnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com HSBC appoints internal candidate as head of global markets HSBC has appointed internal candidate Georges Elhedery as head of its global markets division.It comes after the bank’s former global markets chief Thibaut de Roux left the company in September last year.last_img read more

Boris Johnson confirms working from home advice set to be scrapped on 21 June

first_img Share Boris Johnson confirms working from home advice set to be scrapped on 21 June “She’s so right about London and the dynamism of London and indeed any of our great cities that do depend on people having the confidence on going to work.” whatsapp (Getty Images) This has so far included new artworks by world renowned British artist David Hockney on the Tube and is set to include a number of events and new advertisements. (Getty Images) Also Read: Boris Johnson confirms working from home advice set to be scrapped on 21 June When asked by a Tory backbencher if the work from home advice will be dropped on 21 June, Johnson said: “That is certainly our intention provided we stay on track, but I want to be sure that people will wait until we’re able to say that with more clarity later on, because we must be guided by what’s happening with the pandemic. (Getty Images) Also Read: Boris Johnson confirms working from home advice set to be scrapped on 21 June He launched the £6m Let’s Do London campaign in bid to kickstart the city’s economy by getting domestic tourists back to the capital. The government’s roadmap lists 21 June as the target to lift most if not all Covid restrictions, however it was subject to reviews on several issues. These included Michael Gove-led reviews into social distancing and the future of work. Stefan Boscia Boost for bricks and mortar businesses Wednesday 12 May 2021 1:57 pmcenter_img The news will be a boon to many bricks and mortar businesses in central London that have suffered from low footfall and intermittent lockdowns over the past 14 months. (Getty Images) Also Read: Boris Johnson confirms working from home advice set to be scrapped on 21 June Johnson’s comments today are the clearest indication yet that people will be encouraged to go back into their offices from this summer. Boris Johnson has confirmed the government will scrap its work from home advice on 21 June if its roadmap out of Covid restrictions goes to plan. “The work begins anew today to refresh and reignite our city and to kick-start our economy as London continues to reopen,” Khan said. Newly re-elected mayor of London Sadiq Khan made getting people back into central London his top priority as he got sworn in for a second term on Monday. Show Comments ▼ The Prime Minister told MPs today that he is confident office working will come back en-masse and that “I think it’ll come back remarkably quickly, but it does depend on keeping the virus down”. More From Our Partners Why people are finding dryer sheets in their mailboxesnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comAstounding 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.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeFactableAluminum Foil Uses You’ll Want to KnowFactableUndoAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsUndoLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyUndoBrake For ItSay Goodbye: These Cars Will Be Discontinued In 2021Brake For ItUndoHomeLight.comDon’t Make This Mistake When You Sell Your Home. Try these 7 websites.HomeLight.comUndoMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comUndoDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyUndoFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorUndoLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsUndo (Getty Images) Also Read: Boris Johnson confirms working from home advice set to be scrapped on 21 June Tags: Future of Work whatsapp “This includes making jobs, jobs, jobs a top priority and banging the drum for London to attract the jobs, tourism and investment our city needs.”last_img read more

News / As Vietnam’s exports boom, Cai Mep box terminal prepares for shipping alliance shake-up

first_img© Hoxuanhuong By Mike Wackett 05/07/2016 Like many container terminal operators in Asia and Europe, the major players in Vietnam face some uncertainty as a consequence of the new network plans of two rejigged alliance groupings, but will also be challenged by the country’s astonishing export growth.Container throughput at Vietnamese ports grew by 8.1% in the first three months of this year, compared with 2015, to 2.5m teu.Moreover, the signing of a free-trade agreement with the European Union in December will considerably improve market access to the member states when tariffs are dismantled after ratification.In 2015 the EU jumped to become the third-ranked FDI (foreign direct investment) partner for Vietnam, behind the other ASEAN bloc states and South Korea.Trade with the EU soared to $1.55bn from $587m the year before, as Vietnam’s mobile phones, electronic products, clothing, footwear and coffee became in demand in European stores.Meanwhile, Vietnam has overtaken its ASEAN partners to become the region’s biggest exporter to the US and has attracted investment from the likes of Samsung, Nike, Adidas and Timberland, due to low and stable labour costs in comparison with China’s continued cost escalation.Most European and US export containers are loaded at the deepwater Cai Mep terminals, where throughput increased 38%, year on year, in Q1, to 417,000 teu. More than half of these boxes were handled at the APM Terminals 49% joint-venture facility, Cai Mep International Terminal (CMIT).CMIT’s throughput soared 131% in Q1, over Q1 15, to 277,000 tea, and this followed 80% year-on-year growth in 2015. The successful bid for a further Ocean 3 alliance loop in October and winning a CKYHE string in April are behind the impressive growth.Robert Hambleton, managing director at CMIT, is confident its navigational benefits over neighbouring terminals (at a maximum alongside depth of 16.5m, it has a 1.5m advantage) will ensure that CMIT is in a good position going into negotiations with the Ocean Alliance and THE Alliance carriers and in its continued discussions with the 2M partners, Maersk Line and MSC.But Mr Hambleton is not taking anything for granted. During a recent visit to London he told The Loadstar he was ready for talks with carriers “at a moment’s notice” to “discuss new opportunities for CMIT”.CMIT has already successfully handled ultra-large container vessels in excess of 14,000 teu, including the 14,074 teu CSCL Star (operating on the O3 FAL23 service) and the 14,080 teu YM Warmth (deployed on CKYHE’s NE2 loop). Nevertheless, with a quay length of 600m, CMIT is unable to accommodate two ULCVs simultaneously.Would CMIT consider a co-operation agreement with terminal rivals to offer unrestricted windows to the alliances?“It’s a possibility,” said Mr Hambleton.last_img read more

News / Amazon Air close to building a freighter network to carry third-party volumes

first_img© Egurzhui By Ian Putzger, Americas correspondent 23/02/2021 With more cargo planes about to join its dedicated fleet, Amazon’s freighter operation is on course to climb to about 160 flights a day by late spring, almost double where it was last May.The expansion is positioning Amazon Air to move ahead with its plans for next-day standard delivery in North America, and it is nearing critical mass to carry third-party parcel traffic.These are conclusions from the latest study of Amazon Air by the Chaddick Institute for Metropolitan Development at DePaul University, led by Joseph Schwieterman, the institute’s director.The study points out that the number of Amazon’s dedicated freighter flights grew 15% between last August and this month to an average of 140 a day – 80 operated with 767 freighters and the remainder with 737Fs.center_img The research team at Chaddick expects the operation to swell to about 160 flights by June, noting that Amazon has registered at least 10 planes that are not flying at the moment. Seven or eight of those should be in service by June, they estimate.Currently, Amazon has 70 cargo aircraft in operation, which should climb to more than 80 next year, Chaddick predicts. Supplementing its leased-in capacity, it has acquired 11 767s from Delta and WestJet, which are due to be converted into all-cargo configuration and enter service this year and next.Meanwhile, ASL, which runs a pair of 737-800Fs for Amazon in Europe, exercised an option for 10 more 737-800 conversions a few days ago. These are on top of the original order for ten, of which one was delivered in January and the second is due before the end of this month.The deployment of the two 737-800s in November marked the launch of Amazon’s intra-European air network. The aircraft are based at Leipzig, the European hub of DHL, which has been collaborating with Amazon. Besides Leipzig, the Chaddick team expects Cologne to emerge as a second European hub for the e-commerce giant.According to Mr Schwieterman, a third 737 will join Amazon’s European network shortly.He sees ample room for expansion, pointing out that Amazon’s current set-up does not cover the UK and Ireland, nor the Benelux countries. He described it as “in the test stage” and added that two aircraft does not offer much scope for operations.“The network is skeletal at the moment. There is no overlap with the transatlantic flights between Chicago and Amsterdam,” he said. Ultimately, Amazon will need to align the European and North American air networks, he added. “They don’t need a massive transatlantic operation but maybe one or two flights a day.”Like its North American air network, the roster of dedicated flights in Europe shows a decentralised orientation, Mr Schwieterman pointed out. Unlike the hub-and-spoke model of the integrators, Amazon’s network is more point-to-point, connecting warehouses.For the most part, the company has built its North American network around cargo airports away from metropolitan centres, but lately has concentrated more on larger passenger airports, such as San Francisco, Portland, Seattle and Tampa, which have shown the strongest growth in e-commerce, the new Chaddick study shows.Counter to this shift has been the build-up of traffic at Cincinnati/Northern Kentucky International Airport, the emerging $1.5bn national hub of Amazon Air that should be ready later this year. Currently, Amazon slots less than 30 flights a day through the airport, but this should climb to about 50 by the end of the year, Chaddick predicts.Cincinnati is supplemented by Wilmington Air Park, 69 miles away. Together the two airports, both are close to major Amazon fulfilment centres, account for some 30% of Amazon Air flights.The denser flight network and the ground investment in Cincinnati and Wilmington set the stage for Amazon to take on third-party parcel traffic, the study argues. According Chaddick, such a move is likely to occur within 18 months.“When you build a network this large and this well integrated, it’s only logical to bring in new revenues,” said Mr Schwieterman, and the Chaddick Institute is not alone with this assessment. In November, Morgan Stanley predicted that Amazon would launch a third-party delivery service in the US, possibly this year.John Haber, CEO of logistics consultant Spend Management, also expects Amazon to carry third-party traffic before long. The network the company is building is also for people who are not doing fulfilment with Amazon, he said.The denser US network also brings Amazon closer to its declared aim of offering next-day delivery as the default service for its Prime customers, Mr Schwieterman noted.For the struggling retail sector, this is one more headache on the horizon, said Mr Haber. Unlike Amazon, with its revenue from cloud computing, companies do not have other businesses to subsidise large investments in overnight delivery capabilities, he said.last_img read more

Montreal seeks to be world leader in responsible AI research

first_img Share this article and your comments with peers on social media Environmentalists press Bank of Canada to be more active on climate change And perhaps most pressing for many people: Are Facebook and other social media applications capable of knowing when a user is depressed or suffering a manic episode — and are these people being targeted with online advertisements in order to exploit them at their most vulnerable? Google, Microsoft, Facebook and recently even the Royal Bank of Canada have announced millions of dollars in investment in artificial intelligence labs across Montreal, helping to make the city a world leader in machine-learning development. Read: RBC setting up lab in AI-friendly Montreal As a consequence, researchers such as Abhishek Gupta are trying to help Montreal lead the world in ensuring AI is developed responsibly. “The spotlight of the world is on (Montreal),” said Gupta, an AI ethics researcher at McGill University who is also a software developer in cybersecurity at Ericsson. His biweekly “AI ethics meet-up” brings together people from around the city who want to influence the way researchers are thinking about machine-learning. “In the past two months we’ve had six new AI labs open in Montreal,” Gupta said. “It makes complete sense we would also be the ones who would help guide the discussion on how to do it ethically.” In November, Gupta and Universite de Montreal researchers helped create the Montreal Declaration for a Responsible Development of Artificial Intelligence, which is a series of principles seeking to guide the evolution of AI in the city and across the planet. The declaration is meant to be a collaborative project and its creators are accepting comments and ideas over the next several months on how to fine-tune the document and share it with computer scientists working internationally on machine-learning. Its principles are broken down into seven themes: well-being, autonomy, justice, privacy, knowledge, democracy and responsibility. During a recent ethics meet-up, Gupta and about 20 other people talked about justice and privacy. Lawyers, business people, researchers and others discussed issues such as whether to fight against the fact so much power and wealth are concentrated in the hands of a handful of AI companies. “How do we ensure that the benefits of AI are available to everyone?” Gupta asked his group. “What types of legal decisions can we delegate to AI?” Doina Precup, a McGill University computer science professor and the Montreal head of DeepMind, a famous U.K.-based AI company, says it isn’t a coincidence Quebec’s metropolis is trying to take the lead on AI ethics. She said the global industry is starting to be preoccupied with the societal consequences of machine-learning, and Canadian values encourage the discussion. “Montreal is a little ahead because we are in Canada,” Precup said. “Canada, compared to other parts of the world, has a different set of values that are more oriented towards ensuring everybody’s wellness. The background and culture of the country and the city matter a lot.” AI is everywhere, from the algorithms that help us read weather patterns or that filter news on our Facebook feeds, to autonomous weapon systems. A major ethical quandary most people will soon have to deal with involves self-driving cars. Cars are a classic example, Gupta explains. For instance, he asks, should car companies produce autonomous vehicles that are programed to maximize driver safety or pedestrian safety? “What if you’re in the car and the pedestrian is your child?” Gupta asks. Nick Bostrom, a Swedish philosopher and one of the world’s pre-eminent thinkers on AI, said “it’s quite amazing how central a role Canada has played in creating this deep-learning revolution.” While many of the AI field’s pioneers in the United States and elsewhere have left academia and entered the business world, Canada’s leaders, such as Universite de Montreal’s Yoshua Bengio, have had different priorities, Bostrom said in an interview from Britain. “Bengio is still teaching students and nurturing the next generation of research talent — he’s also been relatively involved in trying to think about the ethical dimensions of this,” said the author of a seminal book on AI, “Superintelligence,” published in 2014. Bostrom said there is a role for the international AI research community to reflect and try to develop a “shared sense of norms and purpose that can be influential” because it will put pressure on companies to hire people who care about developing machine-learning responsibly. “If you are a corporation that wants to be at the forefront you need to hire the very top talent — and they have many options available to them,” Bostrom said. “If your corporation is seen as running roughshod over this shared sense of responsibility you are going to find it harder to get the very top people to work with you.” University of Waterloo will teach sustainable financial management BMO found AI, climate change and diversity opportunities in pandemic: CEO Facebook LinkedIn Twittercenter_img Related news Keywords Responsible investing,  Artificial intelligence attending biweekly meetings in Montreal to discuss life’s big questions — as they relate to our increasingly intelligent machines. Should a computer give medical advice? Is it acceptable for the legal system to use algorithms in order to decide whether convicts get paroled? Can an artificial agent that spouts racial slurs be held culpable? Giuseppe Valiante last_img read more

Nearly one million jobs added in June: StatsCan

first_img Household debt-to-income ratio fell in first quarter: Statscan Stagflation is U.S. economists’ biggest fear, SIFMA says Nearly one million more Canadians had jobs in June, Statistics Canada says, as businesses forced to close by the pandemic began to reopen and the country continued to recoup steep losses over March and April.Statistics Canada’s labour force survey released Friday showed 953,000 jobs were added last month, including 488,000 full-time and 465,000 part-time positions. The unemployment rate fell to 12.3% after hitting a record-high of 13.7% in May. a man on a precipice iStock Share this article and your comments with peers on social media Related news As in May, even though more people found jobs, more people also looked for work as the labour force grew by about 786,000 after a gain of 491,000 in May, bringing it to within 443,000 of its pre-pandemic level.Statistics Canada said the unemployment rate would have been 16.3% had it included in unemployment counts those who wanted to work, but did not look for a job.Job gains were made in every province, including by 378,000 in Ontario, marking the first increase since the COVID-19 shutdown, Statistics Canada said. It didn’t include any gains in Toronto as restrictions in that city loosened after the survey week.Despite the good news, economist Jim Stanford said there remains a historic crisis in the job market with high unemployment and hundreds of thousands who have left the labour force altogether.Also, gains nationally were not shared equally among groups, with women, youth and low-wage workers still slower to rebound, which Stanford said could be problematic if those jobs don’t ever come back.“I worry about a coming second round of layoffs motivated not by health restrictions, but by companies deciding their businesses are going to be permanently smaller. So that would be qualitatively different and in a way worse,” said Stanford, director of the Centre for Future Work in Vancouver.“We aren’t remotely out of the woods yet, but this was a really encouraging step forward.”Some three million jobs were lost over March and April due to the pandemic, and 2.5 million more had their hours and earnings slashed. By last month, some 3.1 million were affected by the pandemic, including 1.4 million who weren’t at work due to COVID-19.Brendon Bernard, an economist at Indeed Canada, said recapturing jobs at the same pace in the coming months will be tougher.“A lot of areas of the economy still aren’t running at full capacity,” Bernard said. “So while doors may be open and customers might be coming in, business hasn’t come back to normal.”The job losses were unprecedented in speed and depth compared with previous recessions, Statistics Canada said, and the rebound to date sharper than previous downturns.Ottawa’s response has been equally unprecedented: a deficit of at least $343.2 billion this fiscal year as the Trudeau Liberals dole out some $230 billion in emergency aid.In June, 28.3% of Canadians aged 15 to 69 reported receiving some form of federal aid since mid-March, Statistics Canada said. Meanwhile, the proportion of households reporting difficulty paying the bills dropped to 20.1% in June from 22.5% in May.“Without the federal government being there to support Canadian workers, Canadian businesses and the Canadian provinces and territories, we would be in a bigger mess in this country right now,” Hassan Yussuff, president of the Canadian Labour Congress said in an interview this week.The Bank of Canada and federal government believe the worst of the economic pain from the pandemic is behind the country, but Canada will face high unemployment and low growth until 2021.In a statement, Employment Minister Carla Qualtrough touted the jobs numbers as a sign the government’s plan was working, before adding many Canadians still “face real challenges during this time.”She and other ministers are now reshaping programs so fewer workers stay on the $80-billion emergency benefit, and more get tied to jobs through the $82-billion wage subsidy program.“We understand the need for those emergency programs. We also understand as we reopen and recover, we have to move away from emergency programs and into stimulus and recovery,” said Leah Nord, senior director of workforce strategies for the Canadian Chamber of Commerce.She said there are other issues to resolve around health and safety in the workplace, transit, and child care to help more Canadians get back to work.In provinces where daycares reopened for children five and under, employment levels returned to pre-pandemic levels for fathers in June, but not for mothers. Similarly, mothers with children under 18 were more likely than fathers to work less than half their usual hours in June, Statistics Canada said.Job gains have come at a faster clip for men. Their unemployment rate hit 12.1% in June compared to 12.7% for women. And the underutilization rate — which counts those who are unemployed, those who want a job but didn’t look for one, and those working less than half their usual hours — was 28.3 for women and 25.5% for men. Canadian Press Keywords Economic forecasts,  Economic indicators,  PandemicsCompanies Statistics Canada Leading indicators signal steady rebound: OECD Facebook LinkedIn Twitterlast_img read more

Young Persons from Eastern Westmoreland Taking Part in Computer Course

first_imgRelatedYoung Persons from Eastern Westmoreland Taking Part in Computer Course Young Persons from Eastern Westmoreland Taking Part in Computer Course UncategorizedAugust 23, 2006 RelatedYoung Persons from Eastern Westmoreland Taking Part in Computer Course FacebookTwitterWhatsAppEmail Sixty computer scholarships valued at $2.5 million, have been offered to unemployed and at-risk young persons between 17 and 25 years of age from Bluefields and surrounding communities in Eastern Westmoreland.The 60 persons are currently taking part in a six-week computer training course, which will last until September 29. The course is being funded by the United Nations Development Programme (UNDP) and the Microsoft Unlimited Potential Project, under the theme: ‘Youth Inclusion Through Information and Communication Technologies’.The programme covers specific areas such as, computer and word processing fundamentals, digital media, internet and web development, and will be carried out by the Bluefields People’s Community Association (BPCA) at Belmont, near Bluefields.Chairman of the BPCA, Keith Wedderburn, told JIS News that this course has come on the heels of a similar one which the association held for 222 young people.“Participants in the computer course must be functionally literate and have a mind to excel. The main objective of the project is to expand the BPCA’s ICT training to enable the participants to improve their personal educational levels, increase their income generating capacity and enhance their ability to contribute meaningfully to the development of their communities,” he explained.Mr. Wedderburn informed that the Jamaica Sustainable Development Network (JSDN) had been implementing the project through four of its established community access points across the country.All participants will receive certificates approved by Microsoft and the UNDP, on successful completion of the prescribed course.center_img Advertisements RelatedYoung Persons from Eastern Westmoreland Taking Part in Computer Courselast_img read more

Allens advises on green refinancing for Queensland train project

first_imgAllens advises on green refinancing for Queensland train project Allens has advised Qtectic on the refinancing of Queensland’s New Generation Rollingstock (NGR) train project, which sees the project become the second public private partnership (PPP) in Australia to be financed through a certified green loan.As part of the refinancing, Qtectic – the borrower and project consortium comprised of John Laing, Itochu, Aberdeen Standards Investments and Alstom – secured certification of the project’s debt facilities under the Asia Pacific Loan Market Association’s Green Loan Principles and the Climate Bond Initiative’s Low Carbon Transport Criteria.The $4.4 billion New Generation Rollingstock project is the largest single investment in trains by the Queensland Government, involving the delivery of 75 six-carriage electric multiple units. Qtectic is responsible for the delivery of the train fleet and for its maintenance for 30 years under the PPP agreement.‘We are pleased to have advised Qtectic on this important sustainability milestone for the NGR project, continuing our work together throughout the life of the project,’ said lead Partner Scott McCoy.‘There is growing appetite to formalise the sustainability credentials of project financing arrangements, and we expect to see more and more clients – and their stakeholders – requesting green loan certification.’Macquarie Capital was financial adviser, and the syndicate of banks included ANZ, CBA, Mizuho, CIBC, NAB, MUFG, SMBC and Société Générale, advised by Herbert Smith Freehills. CBA was the Green Loan Coordinator.Allens is a leading adviser on green and sustainability-linked loans, and last year advised the lenders on Australia’s first PPP green loan, the refinancing of Canberra Metro’s syndicated facility. The firm has also advised on multiple other sustainability-linked loans and green bond issuances, including loans to Sydney Airport, the first syndicated sustainability-linked loan in the Australian market. /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:Aberdeen, Allen’s, ANZ, Asia, Australia, Australian, Canberra, CBA, Government, Herbert, law, NAB, pacific, Queensland, sustainability, Sydney, Sydney Airportlast_img read more

BMW X2 concept revealed at Paris Auto Show

first_img Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” Trending in Canada COMMENTSSHARE YOUR THOUGHTS RELATED TAGSBMWX2CUV / CrossoverParisNew VehiclesParis Auto ShowBMW AGBMW X SeriesCrossoverPontiac Grand Am advertisement As part of BMW’s plan to dominate every single market segment conceivable, it’s now released the X2 concept. Given the relationship between the X5 and the more swoopy X6, we can expect the X2 to be based around X1 mechanicals. The concept features large kidney grilles up front, and massive 21-inch wheels on each corner. Plastic body cladding is used copiously for that 1990’s Pontiac Grand Am rugged off-road look.The CUV “coupe” is dubiously practical but buyers don’t seem to mind. BMW hasn’t made any production commitments to the X2 but it seems feasible to put into production. If so, it would likely be powered by the X1’s array of four-cylinder engines. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. Created with Raphaël 2.1.2Created with Raphaël 2.1.22016 BMW X2 conceptSupplied, BMW Created with Raphaël 2.1.2Created with Raphaël 2.1.22016 BMW X2 conceptSupplied, BMW Created with Raphaël 2.1.2Created with Raphaël 2.1.22016 BMW X2 conceptSupplied, BMW Created with Raphaël 2.1.2Created with Raphaël 2.1.22016 BMW X2 conceptSupplied, BMW Created with Raphaël 2.1.2Created with Raphaël 2.1.22016 BMW X2 conceptSupplied, BMW Created with Raphaël 2.1.2Created with Raphaël 2.1.22016 BMW X2 conceptSupplied, BMW ‹ Previous Next ›last_img read more

Info Systems Professor, Undergrads Demonstrate Virtual World Teaching Tool

first_imgShare Share via TwitterShare via FacebookShare via LinkedInShare via E-mail CU-Boulder Professor David Monarchi and a group of undergraduate business students will present a new learning environment – or virtual world – that Monarchi has developed over the past 18 months with a grant from the Colorado Commission on Higher Education. The presentation will be from 3 p.m. to 5 p.m. Friday, April 10, in room 224 in the College of Business and Administration. Monarchi, an information systems professor, received the CCHE grant to research ways students can learn to use new technology. “Grounding our work in research on learning and education, we have developed an environment which supports multiple learning styles, encourages active learning, and combines course content and mechanics,” Monarchi said. “The environment integrates virtual reality, multimedia, collaborative groupware, a layered help mechanism, textbooks, and the instructor in a system which can be used to enhance resident, as well as, distance education.” Monarchi and his students have created a world where students can use different modes of learning. Students enter the world, which exists on the World Wide Web, and become a character of their choosing. They can attend classes and office hours or visit with other students in common areas. They also can work on collaborative projects. Participants are given space in the world to build whatever they choose. For example, one student has a high-tech house complete with a waterfall. The world has a 3-D computer for visitors to walk around in, which explains the computer. Monarchi also has designed a 3-D computer screen that demonstrates how information is displayed on the screen. His work has attracted course content providers and publishers, including Course Technology (a division of International Thompson Publishing), McGraw Hill and Prentice Hall. Monarchi and his students will present their world at a technology and learning conference at Highline Community College in Seattle at the end of next week. Monarchi also will meet with Joe Dougherty, President and CEO of Course Technology, to discuss possible joint ventures. The technology could be used in many disciplines besides business, Monarchi said, to teach anatomy, journalism or other subject areas. Monarchi has actually explored and developed new ways to teach and learn using the new technology. The undergraduate development team will be on hand at the presentation including Rich Mogull, 735-0170; Michael Miller, Michael Turner and Dan DeKalb; and Ed Shappell 492- 6236. Published: April 6, 1998 last_img read more