Former HSBC boss Lord Green says HSBC should’ve done more due diligence ahead of Swiss private bank purchase

first_img Show Comments ▼ whatsapp Tags: Company HSBC Holdings Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapTop 10 Fried Chicken Spots in the U.S.GayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapAdrian Grenier Agrees That Nate Is the ‘Real Villain’ in ‘The Devil WearsThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe Wrap’In the Heights’ Stars Melissa Barrera and Leslie Grace on Nailing ThoseThe Wrap Former HSBC boss Lord Green today admitted that it should’ve done more due diligence ahead of its purchase of its Swiss private banking arm.Green, who was the bank’s chief executive between 2003 and 2006 and as its chairman between 2006 and 2010, told members of the Lords’ economic affairs committee neither he nor the senior management team had been aware of the problems at Swiss Private Bank. “With the benefit of hindsight, it would have been better to have drilled into the detail much earlier. We didn’t get everything right,” he said.HSBC was engulfed in a scandal at the beginning of this year amid allegations that its Swiss private banking arm had helped wealthy clients avoid paying taxes several years ago.Green also came under fire regarding accusations the the bank had allowed Mexican drug cartels, terrorists and governments on sanction lists launder money. It was fined $1.9bn by US authorities in 2012 after a senate investigation found it had helped these actors move money around the financial system.On this he said: “It is very clear we didn’t get it right and I apologise for that.” Former HSBC boss Lord Green says HSBC should’ve done more due diligence ahead of Swiss private bank purchase Jessica Morris center_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesGameday NewsNBA Wife Turns Heads Wherever She GoesGameday Newszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity Mirror Tuesday 14 July 2015 10:43 am Sharelast_img read more

Drunk motorcyclist rushed to hospital after Cape Coral crash

first_imgAdvertisementRecommended 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 AdvertisementTags: cape coral police departmentdrunk driverMotorcycle crash Fort Myers man arrested for stealing puppy facing new charges in stealing spree June 14, 2021 CCPD officers cracking down on illegal ATV’s this weekend June 11, 2021 Car splits in two after slamming into Cape Coral power pole June 16, 2021 CAPE CORAL, Fla. — An out-of-state motorcyclist remains in the Intensive Care Unit after he crashed in a Cape Coral intersection Tuesday night, officials said.Officers with the Cape Coral Police Department found the motorcyclist unresponsive when they arrived at the scene on Country Club Boulevard just after 6 p.m. on Thursday. The motorcyclist was drunk at the time of the crash, officers said. An initial investigation found that his blood-alcohol level was 0.242 — the legal limit in Florida is 0.08.Just before the crash, the biker was heading south on Country Club Boulevard in the 3800 block toward a turn in the road. As the road curved right, the motorcyclist kept going straight, hit a median, and fell to the side. The biker was not wearing a helmet and hit his head on the raised median. RELATEDTOPICScenter_img Advertisement AdvertisementThe biker was rushed to a local hospital where health officials said he did not suffer life-threatening injuries. However, he remains in the ICU.A follow up DUI investigation will be completed by CCPD. Cape Coral man thrown from car killed when vehicle flips on top of him June 14, 2021 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

The Origins of Science Education and First Senior Middle Schools

first_img RELATED ARTICLESMORE FROM AUTHOR The Origins of Science Education and First Senior Middle Schools News Facebook Twitter News Kim Il Sung took a trip around Eastern Europe from May 17 to July 1, 1984. Whenever he landed in a new country, he asked local children, who usually offered him a welcoming bouquet, “What is the hope for the future?”The answers were invariably the same, “scientists.” Furthermore, when he looked around schools in those countries, he could see that the passion for science education among students and teachers was extremely high.After that, when he got back to Sunan Airport in Pyongyang, he asked North Korean kids offering flowers to him the same question. Their answer was “artists.” After visiting the Eastern European countries and receiving disparate replies, Kim Il Sung visited Dadongmun People’s School and the Pyongyang Students’ and Children’s Palace to meet with teachers and students. At those meetings, the students’ hope for the future was, again, “artists.”On July 6, at the 6th Central Committee of the 9th General Meeting of the Workers’ Party, convened in order to report the results of Kim’s trip, the topic of education was on the agenda. Kim sternly rebuked workers in the education field. “If everybody becomes an artist, who will develop science and take care of this country?” Kim demanded.The harsh criticism brought officials out in a cold sweat, not least Kim Jong Il. He, who was known at the time as “the Central Party,” grimaced. In the early-1970s, Kim Jong Il had led a cultural artistic campaign to idolize Kim Il Sung, as part of his competition with Kim Young Ju, Kim Il Sung’s brother, to become the successor. During the campaign, he earned his father’s trust and eventually emerged victorious by sidelining his uncle, his stepmother, Kim Sung Ae, and their supporters. As a consequence of this Kim Jong Il-led revolutionary cultural and artistic wave, the arts and culture field had become disproportionately more popular than the sciences among students. Chastened by his father’s words, Kim Jong Il called a meeting with educational personnel and staff from all over the country on July 20, where he instructed them to formulate progressive educational measures. Kim’s statement to the meeting was one from his own “Kim Jong Il’s Works” called “On developing the education system,” which is considered to be North Korea’s education principles. Through this, Kim Jong Il suggested setting a new purpose for education, “developing science and making the whole society intelligent,” through special education for the gifted.As a result, Pyongyang First Senior Middle School and Kim Il Sung High School of Physics were founded on September 1, 1985. Two years later, first senior middle schools were established in each province. (to be continued) AvatarDaily NKQuestions or comments about this article? Contact us at [email protected] SHAREcenter_img North Korea tries to accelerate building of walls and fences along border with China Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News By Daily NK – 2009.07.15 3:08pm News There are signs that North Korea is running into serious difficulties with its corn harvest last_img read more

CIBC’s CEO earns bigger bonus in 2011

That compared with a salary of $1.5 million, a cash bonus of $3.1 million, mid-term incentives worth $3.8 million and stock options worth $860,000 in 2010. For its 2011 financial year, CIBC reported a profit of $3.08 billion, up from $2.45 billion in the previous year as revenue grew to $12.25 billion from $12.09 billion. CIBC (TSX:CM) has more than 41,000 employees across its operations, including retail and wholesale banking and financial services, serving more than 11 million customers. The bank will hold its annual meeting in Halifax on April 26. Keywords Executive compensationCompanies CIBC Canadian Press CIBC president and chief executive Gerry McCaughey earned $10 million in 2011, up from $9.3 million in 2010, according a regulatory filing by the bank ahead of its annual meeting next month. According to the management proxy circular released Thursday, McCaughey earned a base salary of $1.5 million, a cash bonus of $3.4 million, mid-term incentives totalling nearly $4.2 million and stock options totalling $960,000. Pandemic takes a bite out of TD CEO’s pay Compensation for Manulife’s Gori grew in 2019 Share this article and your comments with peers on social media Related news RBC’s McKay earned $13.7 million in 2019 Facebook LinkedIn Twitter read more

Bank of Canada’s independence key to aiding post-Covid recovery, Wilkins says

first_img Tougher stress tests won’t chill housing market: Scotia Share this article and your comments with peers on social media G7 tax pledge may be upstaged by CBDC work The bank’s balance sheet has more than tripled from around $120 billion in early March before the shutdown, to around $385 billion as of last week as it purchases more federal and provincial bonds, effectively providing low-cost loans to finance government stimulus that federally stands at roughly $146 billion.Wilkins said the financial risk to taxpayers is low because of restrictions around the bond purchase programs.The country will be left with more public and private debt than before the pandemic forced a freeze on economic activity, she said.“Whether it’s a risk of inflation or deflation, central bank credibility is critical,” she said in the text of her speech posted online by the bank.“This requires keeping our eye on the ball in terms of our mandate and retaining the operational independence to achieve it.”The question of keeping the bank free of political influence faced Finance Minister Bill Morneau last week when he unveiled the next governor, Tiff Macklem.The Liberals and central bank have an “effectively working relationship,” Morneau said at the Friday press conference, adding the Liberals saw “the independence of the Bank of Canada as critical” to the future of the economy.Wilkins was considered a top candidate to replace outgoing governor Stephen Poloz, just as Macklem had been the favourite seven years ago when he was the bank’s No. 2 and Poloz got the top job.The choice to appoint Macklem received praise in some quarters: private sector economists spoke highly of his skills and environment groups saw promise in his interest in the effects of climate change on the economy.“Canada needed to move climate change to the front of the financial line, and with Tiff as incoming governor that need has been met,” said Blair Feltmate, head of the Intact Centre on Climate Adaptation at the University of Waterloo.But there was criticism as well, including from some women’s groups who questioned why Prime Minister Justin Trudeau’s government didn’t appoint Wilkins to head an institution that has never had a female governor.“We made the determination on who would be the best to see us through this difficult time and seven years into the future as well, and I know that Tiff Macklem will do just that,” Trudeau said Monday outside his Ottawa residence.The bank estimates that pandemic-related restrictions, which have closed non-essential businesses and led to more than seven million workers receiving federal aid, will result in a 15% to 30% drop in gross domestic product for the second quarter from its level in late 2019.Wilkins said the bank hasn’t published a full forecast because of the uncertainty about when restrictions will be lifted. There could also be other head winds slowing a recovery, she said, citing low oil prices.“But even in a good scenario, lost output will be made up only gradually as containment measures are lifted, people return to work and production ramps up,” she said.That level of uncertainty is why the Liberals have yet to introduce a budget, Trudeau said.The government had pledged to introduce the spending blueprint at the end of March, but scuttled plans after MPs agreed to put the House of Commons on an extended hiatus as the pandemic took hold.Trudeau said the Liberals are looking at when to present a budget or an economic update. Stagflation is U.S. economists’ biggest fear, SIFMA says Related news Parliament Hill, Ottawa, Canada rambleon/123RF The Bank of Canada will need to maintain its independence to aid the economy during and after the COVID-19 pandemic, particularly as the country’s debt levels rise, says the bank’s second-in-command.In a speech on Monday, senior deputy governor Carolyn Wilkins detailed how the bank’s actions through the pandemic have been aimed at ensuring businesses and individuals can access lines of credit and short-term loans, and spur demand during an expected recovery through low interest rates. Jordan Press Keywords Monetary policyCompanies Bank of Canada Facebook LinkedIn Twitterlast_img read more

Ford is building an ‘entry-level’ performance Mustang

first_img This engine choice would also give Ford the opportunity to revive the SVO name from the Fox-body generation of Mustang, which also featured a hopped-up four-cylinder that was ultimately lighter and more nimble than its equally powerful V8 brothers (each pumped out 205 ponies at the time).There is also a second, less likely powertrain option still on the table: the 3.7-litre EcoBoost V6.Ford dropped the V6 from the Mustang’s powertrain options back in 2015 when it introduced the latest generation, but it’s possible the chassis could still support the engine, giving the model some 325 horsepower. We already know the V6 can be tuned up to much wilder horsepower numbers, as well. We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. The Rolls-Royce Boat Tail may be the most expensive new car ever Along with more power, the Mustang will likely feature a couple goodies from the performance package, such as suspension tweaks and aero upgrades. The entry-level performance Mustang will likely debut at the New York auto show in the middle of April, where we will learn more details. See More Videos Ford has announced a new “entry-level” performance Mustang is in the works, likely to sit beneath the base-model V8.The American automaker told Motor1 it’s planning a new sports car that will sit above the 2.3-litre four-cylinder cars, and still offer a modicum of performance despite having less power.Currently, the 2.3-litre EcoBoost four-cylinder found in the Mustang makes 310 horsepower, but that same engine can make up to 350 horsepower in the Focus RS, so it’s not beyond the realms of possibility to see a tuned-up four-cylinder make its way to the Mustang. 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” PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Trending in Canada ‹ Previous Next › Created with Raphaël 2.1.2Created with Raphaël 2.1.2 2018 Ford Mustang  Handout / Ford Trending Videos advertisement COMMENTSSHARE YOUR THOUGHTS RELATED TAGSFordNon-LuxuryNew VehiclesNon-Luxurylast_img read more

Firearm Licensing Authority moves to clear Backlog

first_imgFacebookTwitterWhatsAppEmail As part of efforts to improve the efficiency of the Firearm Licensing Authority (FLA), the entity is moving to clear the backlog of firearm licence applications. “The objective will be to complete the processing, from application to decision, within a six-month period, Minister of National Security, Hon. Peter Bunting said on July 17, during his contribution to the Sectoral Debate in Gordon House. He said that the authority is now challenged by a large backlog of applications on which no decisions have been rendered. He informed that of the 16,230 applications that have been received by the FLA since its inception some six years ago, only 8,100 have been decided on. Highlighting other plans to improve the operations of the FLA, Mr. Bunting said that the outdated, cumbersome licensing booklet will be replaced by a “new secure, hi-tech identification card, similar to the current driver’s licence, but with enhanced security features.” Also, for the convenience of clients in the western part of the island, an FLA office will be established in Montego Bay to serve St. James, Hanover, Westmoreland, and Trelawny. “We expect that this facility will open in October,” Mr. Bunting said. In the meantime, the Security Minister informed that to date, 1,500 weapons have been transferred from police divisions in Portland, St. Mary and St. Ann to the FLA. The Minister explained that this is in keeping with new arrangements where firearms previously surrendered to the police for safekeeping are being transferred into the custody of the authority. “Significant progress has been made in using new technologies to keep track of firearms and their usage. The FLA is now able to capture the unique ballistic signatures of new firearms for which licences have been granted, and the use of this information by the police is making a valuable contribution to crime fighting,” Mr. Bunting said. The FLA was established in 2006 to take over the responsibility of granting and renewing firearm licences from the Jamaica Constabulary Force. Firearm Licensing Authority moves to clear Backlog ParliamentJuly 19, 2012 RelatedFirearm Licensing Authority moves to clear Backlog RelatedFirearm Licensing Authority moves to clear Backlog By Alecia Smith-Edwards, JIS Reporter RelatedPrime Minister Golding Announces Cabinet Changes Advertisementslast_img read more

$225 Million Water Project for Eastern Hanover

first_imgRelated$225 Million Water Project for Eastern Hanover Advertisements Related$225 Million Water Project for Eastern Hanover FacebookTwitterWhatsAppEmail Some 9,000 residents of 15 communities in Eastern Hanover are soon to benefit from more reliable supply of potable water. The Government of Jamaica, through the National Water Commission (NWC), is undertaking a $225 million project for the construction of the Cascade/Claremont/Jericho supply system, which will ensure ample supply to residents of the hilly districts, which are currently served by an inadequate and intermittent scheme. It is to be completed over 13 months and the major components include: Interconnection into the existing Great River to Lucea water supply at Paradise Construction of new re-lift station at Paradise and Retrieve with 30,000-gallon storage tanks Installation of 2.2 kilometres of pipeline from Paradise to German Hill Construction of a 100,000-gallon tank at German Hill Installation of transmission pipelines between German Hill and Retrieve, Retrieve and Cascade, and another connecting Claremont and Retrieve Installation of 18 kilometres of distribution pipelines to serve the various districts Installation of a 250,000-gallon storage tank at Cascade; and as well as related civil works Minister of Water, Land, Environment and Climate Change, Hon. Robert Pickersgill, on Friday (February 1), signed a $20.3 million contract with Share Con Limited for the pipe laying component of the project. At the signing ceremony held at his Dominica Drive office in New Kingston, Minister Pickersgill informed that the contract will provide for the complete construction, testing, flushing, sterilisation and commissioning into service of approximately 2,850 metres of transmission pipeline from the Great River to the Lucea bulk transmission mains in the vicinity of Paradise.center_img Related$225 Million Water Project for Eastern Hanover $225 Million Water Project for Eastern Hanover EnvironmentFebruary 4, 2013last_img read more

CARICOM Website to Improve Market Access for Local Exporters

first_imgStory HighlightsLocal exporters now have greater access to information on existing and potential marketsJEA has established the CARICOM market access websiteThe organisation anticipates the website also being used by the wider public CARICOM Website to Improve Market Access for Local ExportersJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay RelatedEffective Product Packaging Key – Minister Hylton Photo: Michael Shaw Industry, Investment and Commerce Minister, Hon. Anthony Hylton (left); and Jamaica Exporters Association (JEA) past President, Marjory Kennedy (centre), are engaged in discussion by Private Sector Organization of Jamaica (PIOJ), Christopher Zacca, during Tuesday’s (September 3) launch of the JEA’s CARICOM market access website, at the JEA’s Winchester Road offices in Kingston. Mr. Hylton was the guest speaker. Advertisements RelatedUS Investors Urged to Tap into Logistics Hub Projectcenter_img CARICOM Website to Improve Market Access for Local Exporters CommerceSeptember 19, 2013Written by: Douglas McIntosh RelatedConsumers Urged to Settle Disputes Through Newly Established CPT FacebookTwitterWhatsAppEmail Local exporters now have greater access to information on existing and potential markets within the Caribbean, to better enable them to fulfill clients’ demands and streamline their operations.This, as the Jamaica Exporters Association (JEA) has established the CARICOM market access website.The recently launched website is a collaborative endeavour with the Private Sector Organization of Jamaica (PSOJ), and is financed through the Caribbean Development Bank’s (CDB) Caribbean Aid for Trade and Regional Integration Trust Fund (CARTFund) under a US$15 million funding provision from the United Kingdom Department for International Development (DFID).The website provides data on tariff and non-tariff measures, including information on customs tariff and clearance fees, as well as customs procedures and documentation.It also outlines information on additional duties and taxes, measures related to the importation of services, and lists contact details for the relevant authorities dealing with import/export procedures for each CARICOM member state.Speaking at the official launch at the JEA’s Winchester Road offices in Kingston, Industry, Investment and Commerce Minister, Hon. Anthony Hylton, welcomed the facility, arguing that the data speaks highly of the content quality, adding that this should greatly determine the website’s effectiveness.“It’s not sufficient to have a mass of data. It is very critical that the data be organised in such a way that it is not only user-friendly, but when used, is likely to yield the desired outcomes. I have reason to believe that the database, based on what I have been told, should be a very exciting and interesting tool,” he said.Mr. Hylton contended that the market access web portal is “critical” to developing Jamaica’s export sector and should go a far way in preventing stakeholders from committing “costly mistakes” by empowering them with appropriate information.“The web site will allow business leaders to make prudent decisions through the provision of essential information, which must be factored into those decisions…in the same way government needs to make informed decisions,” he argued.The Minister commended the JEA/PSOJ collaboration, noting that it is indicative of the organisations’ understanding of the need for partnership to support a sector, which is critical to medium and long-term economic growth.He added that, more importantly, the organisations have demonstrated a clear understanding of the government’s export-led growth strategy “and are playing their role(s) in facilitating the export-led growth agenda.”“This…launch…signifies a step in the right direction and one which will redound to significant levels of success to the Jamaican exporters and, ultimately, the Jamaican economy,” the Minister reasoned.While noting that the website is a “work in progress” with information currently only available on CARICOM countries, Mr. Hylton said the content is expected to be expanded in the future to include information on other countries, “as Jamaican exporters seek to penetrate and cement their positions on global platforms.”He expressed optimism that “if we put our shoulders to the wheel, embrace global best practices and high standards, and make all our businesses export-ready, Jamaica will be able to transform its economy and maintain dominance on many global platforms.”In her remarks, former JEA President, Marjory Kennedy, underscored the need for local firms to have information that will guide their market access strategies to increase trade within CARICOM.She pointed out that the JEA is “continually striving” to achieve its mandate of increasing Jamaica’s export earnings, and recognises that the website can complement the various strategies being pursued to promote Jamaican goods and services “so that we can regain a greater share of the CARICOM market.”“This can contribute to the reversal of the trade imbalance between Jamaica and CARICOM. The disparity on trade with CARICOM is approximately 10 to one and it is therefore critical that we maximize every opportunity to reduce this trade imbalance,” she argued.As such, Mrs. Kennedy said the JEA will integrate the website into its information hub to ensure members have access to information that will support their export initiatives.She said the JEA also anticipates a continuation of the collaboration with the PSOJ and CDB, to ensure that the website is fully developed to become an “invaluable tool for Jamaican exporters, manufacturers and service providers.”PSOJ President, Christopher Zacca, said the organisation anticipates the website also being used by the wider public “as a tool to facilitate trade within the region.”The CDB’s CARTFund Consultant, June Alleyene Griffin, stressed that the website’s establishment “is only the start”, and urged that follow-up supporting activities be undertaken by stakeholders.“We need to have the users, the private sector, use the information, indicate where there are gaps, so that the portal and the information provided can be strengthened and we can really see some serious results,” she urged.last_img read more

Operators tussle for France 5G leadership

first_img Previous ArticleEnabling digital Africa with Orange EnergieNext ArticleAircel insolvency fears intensify Related AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 JUL 2018 Author France’s mobile operators increased their 5G rhetoric as both Orange and SFR unveiled new test sites and Bouygues Telecom claimed the country’s first real-world pilot of the new network technology.Orange and SFR made separate announcements, within hours of each other, stating regulator Arcep had approved the expansion of 5G tests in new areas.Market leader Orange will conduct a pilot in Marseilles, in addition to its existing sites under development in Lille and Douai. SFR is set to deploy its new trial networks in Nantes and Toulouse, having already collaborated with Nokia on a scheme in Paris.As the two largest operators by connections announced new trial plans, third-placed Bouygues Telecom announced it had commenced France’s first “5G pilot in real conditions” in Bordeaux. SFR said in May it had completed the country’s first 5G test in a “real-life” situation, though this was a lab-based experiment.Earlier this week Orange unveiled initial results from its first fixed wireless access 5G test in Romania, which forms a central part of its European 5G strategy alongside the trials in France.Arcep announced in January it would offer temporary licences to operators to test 5G across nine urban areas, with the French regulator also open to requests in other regions.In June, France’s other operator Free Mobile – operated by Iliad – said 5G was an important evolution but not part of its immediate priorities. Chris Donkin Tags Mobile Mix: Buzzing for Barcelona Orange Ventures injects €30M into new fund Chris joined the Mobile World Live team in November 2016 having previously worked at a number of UK media outlets including Trinity Mirror, The Press Association and UK telecoms publication Mobile News. After spending 10 years in journalism, he moved… Read more Orange makes secure cloud pact for French market Home Operators tussle for France 5G leadership 5GBouyguesFreeOrangeSFRlast_img read more