IMF’s Christine Lagarde says Greek plan not viable without debt reduction

first_img whatsapp Friday 17 July 2015 3:07 am Jessica Morris Share IMF chief Christine Lagarde has said that the deal between Greece and its creditors will be “categorically” impossible without some form of debt relief.”The answer is quite categorically not,” she said in response to questions on the viability of the €86bn (£59.8bn) three-year aid package on France’s Europe1 radio station. Lagarde added any debt reductions wouldn’t necessarily involve an outright write-off and could instead use measures such as a significant extension of loan maturities, stretching of repayment schedules, and reducing interests charges.Read more: Draghi raises lending to Greek banks and calls for debt reliefHer views are markedly different to those held by most of the Eurozone, spearheaded by Germany, who are resisting a debt write-down. German officials have repeatedly argued debt relief is illegal because EU treaties prohibits the sharing of debt burdens among Eurozone countries.But they are in line with those of European Central Bank governor Mario Draghi who yesterday said it was “uncontroversial” that Greece is in need of debt relief, as the central bank extended the cap on the amount the Greek central bank can lend to its banks by €900m (£627m).Afterwards a senior Greek official said banks would reopen on Monday, and the government is looking into letting people combine the €60 a day cap on cash machine withdrawals over several days. Greek banks have been closed since June 29 when the ECB cut emergency lending.Read more: Greek banks closed for business center_img Show Comments ▼ whatsapp Tags: Christine Lagarde Greek debt crisis IMF People IMF’s Christine Lagarde says Greek plan not viable without debt reduction last_img read more

Regime setzt auf Kims jüngere Schwester

first_imgNews Kang Mi JinKang Mi JinKang Mi Jin is a North Korean defector turned journalist who fled North Korea in 2009. She has a degree in economics and writes largely on marketization and economy-related issues for Daily NK. Questions about her articles can be directed to [email protected] Kim JongIl, welcher politisch äußerst raffiniert war, beauftragte seine Schwester KimKyoung Hui in den späten 1990er Jahren, als Nordkoreaswirtschaftliche Situation immer schlechter wurde, die Meinung des Volks überdas Regime abzuschätzen. Die meisten Nordkoreaner glauben, dass Kim Jong Euns Entscheidung,Kim Yeo Jung in die Öffentlichkeit zu holen, eine rein politische ist, umErinnerungen an alte Zeiten wieder aufleben zu lassen.   Facebook Twitter News Allerdingsherrscht reges Interesse an dem neu erschienenen Mitglied des Kim-Klans. Es glaubtzwar niemand, dass Kim Yeo Jungs Debut eine ernsthafte Auswirkung auf diePolitik des Landes haben wird, aber bis zum Wochenende wussten nicht einmal dieNordkoreaner selbst etwas genaues über Kims jüngere Schwester. „Bis jetzt wurdeabsolut nichts über Kim Yeo Jung öffentlich gemacht, deshalb sind manche an ihrinteressiert “, erklärte die Quelle. There are signs that North Korea is running into serious difficulties with its corn harvest RELATED ARTICLESMORE FROM AUTHOR News „Sie sagen,dass sie mit einem ‘servi cha’ [adhoc öffentliches Verkehrsmittel, die meisten davon LKWs] herumreiste und dieMenschen fragte, was ihre größten Probleme sind. Scheinbar besuchte sie aucheinen jangmadang um mehr überdas Leben der normalen Bürger herauszufinden, zügelte das Sicherheitspersonalund gab Befehle, das Leben der Leute zu erleichtern“, fügte die Quelleabschließend hinzu. „KameradinKim Kyong Hui wurde zwar 1946 geboren, jedoch scheint sie erst ab 1987, als siezum Vorstand der stattlichen Abteilung für Leichtindustrie ernannt wurde in denoffiziellen Papieren auf. Sie unterstützte den General [Kim Jong Il] hinter denKulissen“, erinnert sich die Quelle zurück. „Im Vergleich dazu erscheint Kim YeoJungs relativ früh auf der Bildfläche; sie ist noch nicht einmal 30 Jahre alt.Die Menschen sind besorgt ob sie weiß wie man einen Staat führt.“ center_img „Man sagt,dass der General zu viele inhaltslose Berichte von Partei Kadern bekommenhätte, und deswegen nicht einschätzen konnte, mit welchen Problemen dienormalen Bürger zu kämpfen haben“, berichtete die Quelle. „Deswegen hat erseine jüngere Schwester damit beauftragt, persönlich herauszufinden wie dieSituation wirklich ist.“   By Kang Mi Jin – 2014.03.31 7:06am SHARE Eine Quelleaus der Yangkang Provinz berichtete Daily NK am 10. März „Die Menschen warenschon beunruhigt weil der Marschall [Kim Jong Eun] so jung war. Sie kritisierendas jetzt auch seine noch jüngere Schwester bei offiziellen Anlässen dabei ist;sie denken es ist so als würde eine Gruppe Kinder sich zusammen tun um das Landzu regieren.“ Kim YeoJung, Kim Jong Euns jüngere Schwester, hatte am Wochenende ihren erstenoffiziellen Auftritt. Sie begleitete Kim Jong Eun bei seinen Pflichten währendder Wahlen zur Obersten Volksversammlung am 9. März. Yeo Jungs Debut erregteeiniges an Aufsehen in Nordkorea und viele erinnern sich an Kim Jong Ilsjüngerer Schwester Kim Kyong Hui und deren Rolle in der Republik. Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak News Regime setzt auf Kims jüngere Schwester North Korea tries to accelerate building of walls and fences along border with Chinalast_img read more

CFTC steps up its enforcement efforts in 2019

first_img Mouth mechanic turned market manipulator James Langton Share this article and your comments with peers on social media Related news gavel 123RF The volume of enforcement activity was also slightly elevated. The CFTC brought a total of 69 new cases during the year, ahead of its five-year average of 67.5 cases per year.Approximately two thirds (65%) of those cases involved charges of commodities fraud, market manipulation or spoofing, the CFTC reported, noting that these are the kinds of violations that “strike at the heart of market integrity and harm market participants.”Along with the regulatory action, the CFTC reported that it also filed a record number of cases in 2019 that involved parallel criminal proceedings.“The breadth and significance of the enforcement activity in [fiscal] 2019 is reflected in the fact that the filed cases involved some of the most significant commodities fraud, manipulation, and spoofing cases in the history of the agency,” CFTC director of enforcement James McDonald said in a statement.The report also indicated that the CFTC received 117 claims under its whistleblower program in 2019 and issued five awards, totalling US$15.4 million, to tipsters. In total, the CFTC has paid over US$100 million to whistleblowers since the program’s inception.CFTC chair Heath Tarbert said that robust regulatory enforcement will continue in the years ahead.“Tough, but fair – that’s been our response to those who break the rules,” Tarbert said in a statement. “A strong enforcement program is about preserving market integrity, protecting consumers, and deterring misconduct from taking place.” Keywords EnforcementCompanies Commodity Futures Trading Commission A rise in market manipulation and spoofing cases helped drive an increase in enforcement activity by U.S. derivatives regulators last year.According to the latest annual report from the U.S. Commodity Futures Trading Commission’s (CFTC) division of enforcement, the regulator awarded US$1.3 billion in fines, restitution and disgorgement in fiscal 2019 (ending Sept. 30), up 39% from the previous year. PwC alleges deleted emails, unusual transactions in Bridging Finance case Facebook LinkedIn Twitter BFI investors plead for firm’s salelast_img read more

Transport Authority Determined to Clean up Sector – Morgan

first_imgFacebookTwitterWhatsAppEmail Manager of Operations at the Transport Authority, Cecil Morgan, has reiterated the agency’s resolve to ensure that proper service and order are maintained in the public passenger transport system.“We intend to make sure that persons comply with laid down rules, and we will be forthright with the mandate that has been given to us to bring order to the environment,” he emphasised.Mr. Morgan was speaking at the signing of a Memorandum of Understanding (MoU) between the Manchester Chamber of Commerce and operators of public transportation in the parish, to improve discipline in the sector, at the Mandeville Hotel, on August 25.He pointed out that much of the breaches that players in the industry have committed without being detected would no longer be possible, as technology is enabling the Authority to clamp down on those offenders.“We are able to sit in our offices and see what is happening in specific locations, and we are committed to invest and make sure that this kind of monitoring capability is within our reach. We are building a database on persons who are in violation two to three times, where we can say to them that because of these, there is a cause for suspension or revocation of your licence,” Mr. Morgan said.The manager said that with the Transport Authority stepping up its drive to clean up the system and have persons who are providing transport service to the public fully adhering to the rules on the road, misleading and inaccurate information has been given to the media regarding the motives behind the drive.“It is about addressing the issue of law and order within the transport sector. We want to go into the various areas, and have dialogue with stakeholders and hear their concerns. And we have acted on a number of concerns raised by persons in terms of poor service in the sector. It is to reach out to the public, the operators, and stakeholders to have a better transport system,” Mr. Morgan argued. RelatedTransport Authority Determined to Clean up Sector – Morgan Transport Authority Determined to Clean up Sector – Morgan TransportAugust 27, 2009 RelatedTransport Authority Determined to Clean up Sector – Morgancenter_img RelatedTransport Authority Determined to Clean up Sector – Morgan Advertisementslast_img read more

People of color potluck Nov. 30

first_img Published: Nov. 28, 2018 Categories:GeneralEvents & Exhibits Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail Join UMAS y MEXA, Oyàte and The Sikh Student Association for their fall potluck, a time to build community and fellowship at CU Boulder.Limited food will be provided, so attendees are invited to bring a dish—something that is special to you.  The event will feature music by DJ Musa Starseed and The Colorado Bhangra Team, ice skating and more. Ice skating is available only 4:30–6:30 p.m. Hope to see you there! If you goWho: Students, faculty and staffWhat: People of Color PotluckWhen: Friday, Nov. 30, 4:30–8:30 p.m.Where: Rec Center, Ice Rink Overlook RoomFacebook Event Pagelast_img

IIT Madras collaborating with health technology firms

first_img MaxiVision Eye Hospitals launches “Mucormycosis Early Detection Centre” WHO tri-regional policy dialogue seeks solutions to challenges facing international mobility of health professionals Heartfulness group of organisations launches ‘Healthcare by Heartfulness’ COVID care app IIT Madras collaborating with health technology firms News By Sanjiv Das on July 4, 2018 The missing informal workers in India’s vaccine story To make Chennai the ‘Digital Wellbeing Capital’ of the WorldIndian Institute of Technology Madras is initiating an alliance called ‘Digital Wellbeing Alliance’ to deploy digital technologies with the objective of making Chennai the ‘Digital Wellbeing Capital’ of the World.The institute will use its expertise in blockchain, artificial intelligence/machine learning, IoT and motion capture technology to work for the well being of the community, specifically the young workforce and weaker sections of the society.The alliance was inaugurated at IIT Madras by Dr Ram D Sriram, renowned AI and healthcare expert and is currently the chief of the Software and Systems Division, Information Technology Laboratory, at the National Institute of Standards and Technology (NIST), US federal government.Speaking about the importance of this workshop, Prof M Manivannan, Biomedical Engineering Group, Department of Applied Mechanics, IIT Madras, who organised this alliance, said, “There are many issues that only an alliance can solve. We will brainstorm to identify those issues in this workshop. This alliance is spearheaded by several passionate people, apart from me, including Prof. D Janakiram of IIT Madras, Sridharan Sivan of S10 Health Solutions, Sharmila Devadas of MedioTek Health Systems, Subbarao of Chola MS Risk, again emphasising alliance of people rather than individuals.”The stakeholders of this alliance would be Academic Institutions such as all the IITs, Health technology companies, medical device makers, digital health players, medical institutions, corporate firms, government bodies such as NITI Aayog and Certifying/Regulating Agencies. The ‘Global Alliance’ is an initiative of IIT Madras along with industrial partners, hospitals, and global thought leaders.This alliance is intended to improve quality of life for healthcare providers and seekers; and to leverage India’s strength to enhance global health and wellness care.The alliance has its own blockchain which is a decentralised platform that enables secure, fast and transparent exchange and usage of medical data with smart contracts. With the blockchain technology, the community end user is at the centre of the digital transformation of healthcare and is empowered with the right of his/her own data.The well being paradigm will determine India’s Gross domestic product (GDP) in the future. Well being of a community, beyond eating healthy food and exercises, will be determined by many other factors.This alliance would work to foster market-driven innovation, to enhance skill development, to protect intellectual property and develop best-in-class manufacturing infrastructure, spawn new products and services around Industry 4.0. This alliance enables cooperation of all stakeholders through blockchain for setting policy, standards and regulatory framework.The focus would be on culture of well being, interoperability, data privacy, cyber security, policy, consumer engagement and evidence and evaluation. The alliance will be a great platform to drive the global penetration for the thriving health tech start-up community.A workshop that followed the inaugural function included eminent speakers including Prof Amar Gupta from Massachusetts Institute of Technology (MIT), Dr Julian Goldman from Massachusetts General Hospital (MGH), Harvard Medical School, Dr Amit Sheth from Wright State University, Dr Soundar Kumara from Penn State University, and Prof D Janakiram, IIT Madras. A panel discussion in the workshop will be moderated by Dr Vinod Abraham, professor and head of Community Health, CMC Vellore.center_img Indraprastha Apollo Hospitals releases first “Comprehensive Textbook of COVID-19” Phoenix Business Consulting invests in telehealth platform Healpha Read Article Menopause to become the next game-changer in global femtech solutions industry by 2025 Related Posts Sharelast_img read more

Fatal crash in the McClure Tunnel

first_imgHomeNewsFatal crash in the McClure Tunnel Aug. 21, 2016 at 10:02 amNewsTransportationFatal crash in the McClure Tunneleditor5 years agoaccidentdeathfatalitymcclure tunnelmotorcyclePacific Coast HighwayPCHtraffic The Santa Monica Police Department (SMPD) is seeking the public’s assistance with any witnesses to a fatal traffic collision.On Aug. 19, at approximately 11:38 p.m., SMPD received multiple calls of a traffic collision in the 1500 block of Pacific Coast Highway (PCH). Officers responded to the location and discovered a motorcycle, occupied with two riders, collided with a vehicle. The collision caused both motorcycle riders to be ejected onto the highway. The riders were discovered to be in critical condition. Santa Monica Fire Department Paramedics responded and treated both riders at the scene. Both motorcycle riders were transported to a local hospital for treatment to their injuries. The driver of the vehicle was not injured.SMPD’s Major Accident Response Team responded to the collision to conduct an investigation. A preliminary investigation revealed both vehicles were travelling northbound along PCH. While proceeding northbound, the motorcycle swerved into the vehicle. PCH was shut down for several hours. The California Highway Patrol and Cal Trans assisted with closure of Pacific Coast Highway.Unfortunately, the passenger rider of the motorcycle succumbed to her injuries. Meanwhile the motorcyclist remains at a local hospital in critical condition.The investigation is ongoing and investigators are interested in speaking with anyone who was in the area near the time of the collision. Anyone with additional information is asked to contact Investigator Jason Olson at (310) 458-8954, Sergeant Joseph Cortez at (310) 458- 8713 or the Santa Monica Police Department at (310) 458-8495.Submitted by Lieutenant Saul RodriguezTags :accidentdeathfatalitymcclure tunnelmotorcyclePacific Coast HighwayPCHtrafficshare on Facebookshare on Twitteradd a comment$607,000 approved for SMMUSD arts educationKnow Before You Go — Week of Aug. 22, 2016You Might Also LikeFeaturedNewsBobadilla rejects Santa Monica City Manager positionMatthew Hall12 hours agoFeaturedNewsProtesting parents and Snapchat remain in disagreement over child protection policiesClara Harter23 hours agoFeaturedNewsDowntown grocery to become mixed use developmenteditor23 hours agoNewsBruised but unbowed, meme stock investors are back for moreAssociated Press23 hours agoNewsWedding boom is on in the US as vendors scramble to keep upAssociated Press23 hours agoNewsCouncil picks new City ManagerBrennon Dixson23 hours agolast_img read more

Qtel rebrands as ‘Ooredoo’

first_img Read more Ooredoo set for shake-up at the top Matt Ablott Ooredoo, Ericsson eye 5G boost with new tie-up Author Tags Related Home Qtel rebrands as ‘Ooredoo’ Middle East operator group Qtel is re-launching itself under a new brand – ‘Ooredoo.’The operator unveiled the new brand – which translates as ‘I want’ in Arabic – at an exclusive event in Barcelona tonight. It was also announced that football superstar Lionel Messi is to become the operator’s new global brand ambassador.All operating companies in which Qtel owns a majority interest will adopt the new brand over the next two years.This will see the phasing out of local brands such as Qtel in Qatar, Indosat in Indonesia, Wataniya in Kuwait, Nawras in Oman, Tunisiana in Tunisia, and Nedjma in Algeria.“The new brand signals our readiness to take the company to the next level,” said Group CEO Dr Nasser Marafih.Qtel claims to have been the world’s fastest-growing telco in terms of sales since 2006. It had a global customer base of more than 89.2 million at the end of Q3 2012, generating revenue of $6.8 billion for the first nine months of 2012.Featuring at tonight’s launch was GSMA Director General Anne Bouverot, Cherie Blair of the Cherie Blair Foundation for Women; and Dr Hamadoun Toure, Secretary General of the ITU. There was also an appearance by Qatari Olympic medallist Nasser al Attiyah.Qtel has also agreed to support the Leo Messi Foundation in return for the Barcelona FC star becoming its new brand ambassador. Indosat posts continued mobile gains as ARPU climbs AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 25 FEB 2013 Previous ArticleMasterCard gives new push to mobile effortsNext ArticleMWC 2013: Day 2 feature video OoredooQtellast_img read more

Telekom Slovenije sale put on hold; bidders in limbo – report

first_img Previous ArticleHTC reports Q2 profit boostNext ArticleMAE 2014 Keynote: Zeng Xuezhong, ZTE Tags Home Telekom Slovenije sale put on hold; bidders in limbo – report Shortly after receiving a range of second-round and non-binding bids to take a controlling stake in Telekom Slovenije, the Slovenian government announced it was halting the sale of all state-owned businesses, according to Finance News.A spokeswoman for Slovenian Sovereign Holding (SSH), which is handling the privatisations, said: “SSH believe that all of the sales processes will be successfully finished, however according to yesterday’s government decision there is the possibility that the timelines of sales processes could be extend [sic].”The original deadline for final bids for the Slovenian incumbent, in which the government owns 63 per cent, was 8 August.According to the report, privatisation of all companies – including Telekom Slovenije – is to be out on hold until a new cabinet is formed after parliamentary elections on 13 July.Deutsche Telekom, MTS – the biggest mobile operator in Russia – and Turkcell are among the second-round bidders.So too are numerous financial funds. The highest provisional bids, reports Finance News, came from Bain Capital and Providence Equity Partners at €150-160 per share (although the Slovenian government is said to have a target price of €200 per share.)Deutsche Telekom reportedly offered €140.Other financial funds throwing their hats into the ring are Apollo Global Management, Cinven, CVC Capital Partners, PPF Group and Apax. Verizon sees positives in service revenue despite drop FinancialRegulatoryTelekom Slovenije Ken has been part of the MWC Mobile World Daily editorial team for the last three years, and is now contributing regularly to Mobile World Live. He has been a telecoms journalist for over 15 years, which includes eight…More Read more Devices center_img Lenovo set for 3,200 job losses and mobile restructure Ken Wieland Author Mobile network growth boosts ZTE in H1 AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 04 JUL 2014 Relatedlast_img read more

866 new Covid cases nationally, 56 in Donegal

first_img866 new cases of Covid 19 have been confirmed and six further deaths, 56 of those in Donegal.The 14 day incidence of cases per 100 thousand people is now estimated to be 292.There are currently 328 patients with coronavirus being treated in hospital, including 15 admissions since yesterday, with 43 in intensive care.Today’s figure means fewer than a thousand new cases have been reported in six out of the last seven days.But the HSE’s Chief Clinical Officer Colm Henry says there’s no room for complacency:Audio Player Up/Down Arrow keys to increase or decrease volume. 866 new Covid cases nationally, 56 in Donegal Twitter Arranmore progress and potential flagged as population grows Pinterest Pinterest WhatsApp AudioHomepage BannerNews RELATED ARTICLESMORE FROM AUTHOR Facebook Google+ Twittercenter_img WhatsApp Loganair’s new Derry – Liverpool air service takes off from CODA News, Sport and Obituaries on Monday May 24th Previous articleMaxi Curran confident Donegal can test the All Ireland ChampionsNext articleDerry looking for championship marker – Chrissy McKaigue News Highland DL Debate – 24/05/21 Google+ By News Highland – October 29, 2020 Facebook Nine til Noon Show – Listen back to Monday’s Programme Important message for people attending LUH’s INR clinic last_img read more