Category: mqzttzuihzvm

HSBC investment banking boss to lose role in shake-up

first_imgThe lender’s head of global banking and markets Samir Assaf is to be moved to a non-executive role, according to the FT. Sebastian McCarthy While the bank’s performance in Asia has held up, in areas such as continental Europe HSBC has struggled to maintain its profit. Share “There is scope throughout the bank to clarify and simplify roles, and to reduce duplication,” Quinn told Reuters. Sources told the paper that the move could be unveiled within the coming months ahead of Quinn’s plans to announce major new strategic changes for the business. Read more: Softbank in talks over KPMG’s private members club Assaf has led the unit for nearly ten years. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyFinanceChatterViewers Had To Look Away When This Happened On Live TVFinanceChatterzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comMisterStoryWoman files for divorce after seeing this photoMisterStoryPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickJournalistateTeacher Wears Dress Everyday, Mom Sets Up CamJournalistate Earlier this month HSBC received a second warning from the Bank of England over its lack of progress tackling so-called non-financial risks, according to reports in Bloomberg. Assaf  told other executives on a call that the BoE’s Prudential Regulation Authority (PRA) had given HSBC another ticking off, leading him to convene a summit of HSBC’s top brass to try to thrash out a solution to the problem. Read more: A tour inside Goldman’s new £1bn London office The comments have sparked fears of job cuts amid speculation that Quinn will look to restructure large parts of the business. HSBC has been contacted for a response. Acting chief executive Noel Quinn, who took charge after the shock departure of predecessor John Flint in August, blasted the recent performance as “not acceptable”. Read more: HSBC receives second warning over ‘non-financial risks’ More From Our Partners Fort Bragg soldier accused of killing another servicewoman over exthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.com Brexit uncertainty, rising trade war tensions and continued civil unrest in Hong Kong have all contributed to a challenging environment for banking giants such as HSBC this year. whatsapp HSBC investment banking boss to lose role in shake-up Wednesday 20 November 2019 9:02 am whatsapp The potentialreplacement comes a month after HSBC posted a 19 per cent drop inthird-quarter profit. HSBC’s investmentbanking boss is reportedly set to be replaced as part of a shake-upunder interim chief executive Noel Quinn.last_img read more

WPP commits to London headquarters despite plans to slash office space

first_imgThursday 11 March 2021 2:23 pm Show Comments ▼ Chief executive Mark Read today said the ultimate reduction could even be higher than that, but doubled down on the company’s three main London sites — dubbed campuses — along the South Bank. “People needed a reason to work from home in the past; in the future they’re going to need a reason to come into the office,” he said. WPP boss Mark Read committed to the firm’s three main London offices Also Read: WPP commits to London headquarters despite plans to slash office space WPP commits to London headquarters despite plans to slash office space But the holding group resumed its £620m share buyback and dividend as it forecast a return to growth in the second quarter. In addition to its main base in the Sea Containers building, the firm also has offices in Rose Court and the former Financial Times headquarters next to Southwark Bridge. Advertising giant WPP today committed to its London headquarters despite wider plans to slash office space amid a shift to home working. WPP, which employs just under 100,000 people worldwide, is also hoping to cut costs by reducing its office space after a sharp slump in trading due to the pandemic. James Warrington “By gradually consolidating our people into our campuses, we’re able to produce more efficient workplaces with better facilities for our people to give them a reason to come into the office,” Read told City A.M. Share Read said the firm had roughly 1,600 property leases two years ago, with around 40 buildings in London alone. Over the coming years all staff will be consolidated into the three main campuses in the capital. center_img WPP boss Mark Read committed to the firm’s three main London offices Also Read: WPP commits to London headquarters despite plans to slash office space Chief financial officer John Rogers said the “vast majority” of the workforce would be moved into campuses in the next three to four years. It comes after WPP this morning posted an eight per cent decline in revenue and a pre-tax loss of £2.8bn in 2020 as the wider economic downturn took its toll. The media group, which owns ad agencies such as Ogilvy, Grey and Group M, has said it will look to reduce its office footprint by a fifth in the coming years. He added that the facilities at the campuses, which house staff from a range of the holding group’s different agencies, were also key for encouraging employees to come in. WPP boss Mark Read committed to the firm’s three main London offices Also Read: WPP commits to London headquarters despite plans to slash office space WPP boss Mark Read committed to the firm’s three main London offices Globally, roughly a third of WPP’s employees are housed in campus sites in locations including New York, Paris, Hong Kong and Mumbai.  Read said that while the rise in remote working during the pandemic would mean employees were unlikely to come in five days a week, the firm’s offices would remain an important part of the business. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeLivestlyPlugs Have These Two Holes At The End, Here’s WhyLivestlyBrake For It40 New Features In The 2021 Ford BroncoBrake For ItDaily Funny40 Brilliant Life Hacks Nobody Told You AboutDaily FunnyMoneyWise.comMechanics Say You Should Avoid These Cars In 2021  MoneyWise.comDrivepedia30+ Funny Photos Of Car Owners Having A Rough DayDrivepediaThe Legacy ReportMan Who Predicted 2020 Crash 45 Days Early Issues Next Major WarningThe Legacy ReportFactableAluminum Foil Uses You’ll Want to KnowFactableInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure Solution whatsapp Tags: WPPlast_img read more

Ketchikan assembly postpones vote on retail marijuana tax, sales tax cap measures

first_imgMarijuana | SoutheastKetchikan assembly postpones vote on retail marijuana tax, sales tax cap measuresAugust 2, 2016 by Leila Kheiry, KRBD-Ketchikan Share:A view of Ketchikan from the top of the Edmonds Street stairs. Ketchikan Gateway Borough Assembly voted to postpone measures on a retail marijuana tax and a sales-tax cap increase during session Monday.After lengthy discussion Monday, two tax items on the Ketchikan Gateway Borough Assembly agenda each were postponed: an increase to the sales tax cap and a tax on retail marijuana.The retail pot tax discussion is an item that carried over from the second meeting in July.During that meeting, an ordinance that called for a marijuana sales tax of up to 10 percent was sent back to borough management with direction to link the additional tax to the potency of marijuana products, such as concentrates and edibles.When it returned to the Assembly, though, there was lengthy discussion about how complicated the borough’s excise tax should be.Assembly Member John Harrington suggested indefinitely postponing the measure and asking borough management to come back with another, simpler ordinance calling for a 5 percent excise tax on retail marijuana.That motion passed 4-3, with Mike Painter, Alan Bailey and Stephen Bradford voting no.Glen Thompson, though, added that he’d like some options with the new ordinance, including an additional excise tax related to potency.“I think there’s some validity to an additional excise tax on potent products that can be a danger to children, and we’ve seen this in places in Colorado where toddlers pick up something they think is a candy bar and wound up in the hospital,” Thompson said. “An additional excise tax on those types of products to dissuade their use is probably warranted.”The assembly also discussed and ultimately postponed a proposed increase to the sales-tax cap on single-item purchases, which has remained at $1,000 for about three decades.The original proposal tripled the tax cap, but during the second meeting in July, the motion’s co-sponsor Bill Rotecki asked that it be lowered to $1,500, and adjusted to inflation every five years.The tax increase still wasn’t a popular proposal. Local business representatives spoke during public comment against raising the tax cap, stating that they compete against big-box online stores that offer free shipping, so taking away this small advantage could affect their sales.Hannah Ramiskey of Schmlock Mechanical said it’s in the community’s interest to help local businesses, and not provide more incentive to shop online.“They don’t provide any services here. They don’t give money to your children,” Ramiskey said. “They don’t provide employment for your workers here. As retail gets smaller and smaller and smaller in Ketchikan, those are jobs that are gone. That is money donated through all of those stores – to donations to this community — and it’s harder and harder.”Rotecki questioned whether someone would choose to buy online rather than locally over about $30 – which is the extra sales tax they would pay if the tax cap jumped to $1,500.Rotecki’s argument in favor of raising the tax cap is that leaving it as is means a greater percentage of taxes comes from smaller-item sales, putting more of a burden on lower-income residents.But, with an apparent majority on the Assembly opposed to raising the sales-tax cap, he suggested not raising it, but still adjusting it to inflation every five years.“The inflation thing is a very minimal increase,” Rotecki said. “I don’t know that this (assembly) body would have the nerve to do anything and I think that doing nothing is really wrong, so I propose that we do something, which is inflation-proofing.”That amendment passed, with Painter, Thompson and Bailey voting no.But then, Thompson proposed postponing the whole thing indefinitely. He argued that the conversation was premature, and the Assembly needs to have a wider discussion about taxes in general.That motion to postpone passed 6-1 with only Rotecki voting no. Share this story:last_img read more

Ask a Climatologist: Tallying daylight on the darkest day of the year

first_imgAlaska’s Energy Desk | WeatherAsk a Climatologist: Tallying daylight on the darkest day of the yearDecember 21, 2016 by Annie Feidt, Alaska’s Energy Desk Share:Above the Arctic circle, there’s no daylight on the solstice. Fairbanks has about 3.5 hours. Anchorage, 5.5 hours and Juneau a bit more than six hours. (Graphic courtesy of Brian Brettschneider)Alaska marked the solstice early Wednesday morning at 1:44. So what does that mean for the amount of daylight across the state?To answer that question, we checked in with Brian Brettschneider , a climatologist in Anchorage who closely tracks Alaska climate data and trends.He regularly talks with editor Annie Feidt, from Alaska’s Energy Desk as part of the segment, Ask a Climatologist.Interview transcript:Brian: If you’re north of the Arctic Circle, north of Kotzebue, there’s no daylight, so no sunrise and sunset. And then once you get south of there, in Fairbanks, you’re at about 3.5 hours. When you get to Anchorage it’s somewhere in the 5.5 hour range and then in Juneau, it’s about six hours, 20 minutes.Annie: Compare that to a few major cities in the lower 48.Brian: Places in the northern part of the lower 48, like Seattle or Chicago, you’re looking at 8.5 to 9 hours of daylight. As you get farther south, like say Los Angeles- ten hours; in Miami- 10.5 hours.Annie: How does the amount of daylight, especially in a place like Utqiagvik (formerly Barrow), affect the climate.Brian: When the sun is about five degrees above the horizon, it provides essentially no solar energy. And so even though the sun is out and on your skin, you may feel a little warmth, but it provides almost no atmospheric heating. It’s just as likely in Fairbanks, for example, that the high temperature of the day would occur at 2:00 a.m., and the low at 2:00 p.m. There’s really no correlation like you would find in the summer when the sun is high in the sky and the afternoon high temperature is going to be just after that peak solar angle. It could be any time of the day or night once you get a little bit north of Anchorage.Annie: Does the amount of daylight balance out around the globe over the course of a year?Brian: That’s a really interesting question because we assume that long days in the summer, short days in the winter and they all average out. It’s actually not entirely true because of the elliptical nature of our orbit and the tilt of our axis, we actually get more daylight in the summer here in Alaska than we have darkness in the winter. So for example in Utqiagvik, formerly Barrow, in the summer they have 82 days where there is no sunset, so 24 hours of daylight, but in the winter they have 64 days with no sunrise, so that’s an 18 day difference. So it’s not fully in balance and that solar equation is actually more heavily weighted toward light than dark here in Alaska.Share this story:last_img read more

UK consumers’ confidence hit by school return

first_img Show Comments ▼ Wednesday 30 September 2015 4:07 am Share whatsapp Consumer confidence in Britain has taken a knock in the past month due to back-to-school blues, according to German-based market research company GfK.The index, released today, measuring changes in personal finances during the past 12 months has decreased by two points this month to one, but still nine points higher than September 2014. The forecast for personal finances over the next 12 months has fallen one point to six this month – five points higher than September 2014. The measure for the general economic situation of the country during the past 12 months has decreased six points this month to minus three – one point higher than September 2014.Expectations for the general economic situation over the coming year have decreased five points to minus two. This is six points lower than this time last year.The Major Purchase Index has decreased three points this month to 14, making it 14 points higher than this time last year.And the Savings Index has increased one point to three, which is 12 points higher than September 2014.Joe Staton, head of market dynamics at GfK, said: “Consumers are in a depressed ‘back-to-school’ mood this month with a dip in people feeling good about the wider economy and their own personal economic circumstances. “Across the board, all components of the index have dropped despite a positive UK news agenda of continued near-zero inflation, low interest rates and levels of unemployment, UK wage growth at a six-year high and the ever increasing value of our homes.“The biggest decrease in the index this month comes in how we think the general economic situation in this country has changed over the past 12 months [minus six points] and our expectations for the general economic situation in this country over the next 12 months [minus five points].” Express KCS whatsapp UK consumers’ confidence hit by school return 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 VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunComedyAbandoned Submarines Floating Around the WorldComedyMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent Express More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comlast_img read more

The biotech scorecard for the second quarter: 18 stock-moving events to watch

first_img By Adam Feuerstein April 1, 2020 Reprints @adamfeuerstein GET STARTED Adam Feuerstein Here is STAT’s Biotech Scorecard, our regular ledger of stock-moving biotech events, for the second quarter — with an asterisk shaped like the novel coronavirus.You may have heard something about a global, all-hands push to develop new medicines to treat Covid-19. This work will extend way beyond the second quarter, but the first (and therefore most highly anticipated) effort is expected to read out Phase 3 results in the next few weeks. All eyes will be on Gilead Sciences, which hopes to show that intravenously infused doses of the antiviral drug remdesivir are safe for patients and effective against Covid-19. Senior Writer, Biotech Adam is STAT’s national biotech columnist, reporting on the intersection of biotech and Wall Street. He’s also a co-host of “The Readout LOUD” podcast. Unlock this article by subscribing to STAT+ and enjoy your first 30 days free! GET STARTED STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. What is it? What’s included?center_img Biotech About the Author Reprints Tags biotechnologySTAT+ Ryan Pierse/Getty Images Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. [email protected] The biotech scorecard for the second quarter: 18 stock-moving events to watch Log In | Learn More last_img read more

Canadians value in-person communications for complex banking

first_img Keywords Banking industry TD getting new head of private wealth, financial planning Share this article and your comments with peers on social media Though it is thought that millennials prefer digital resources over human interaction, new research shows that they are more likely to want their complex banking questions answered by a human banking representative. Approximately four-fifths (81%) of Canadian millennials prefer having their banking questions answered through a conversation in person or by phone, according to a survey released by Toronto-based Canadian Imperial Bank of Commerce (CIBC) on Monday, while 19% state they would prefer to chat online with a bank representative. Tessie Sanci Related news Facebook LinkedIn Twitter The survey of the preferences of millennials and baby boomers in using banking technology found that an even greater number of boomers prefer a personalized conversation with 94% saying they would rather speak to a banking representative in person or by phone and only 6% preferring to chat online with someone. “Clients will choose the method they prefer to address their needs, and it’s up to banks to deliver both in digital innovation and hands on advice,” says David Williamson, senior executive vice president and group head of retail and business banking for CIBC, through a statement. “Even the most digitally-savvy client will look for an in-person conversation when they have a bigger financial question on their mind.” The research also indicates diverging preferences between these two generations in adopting new technology. More than four-fifths (85%) of people between the ages of 18 and 34 are willing to try new banking or payment technology compared to 51% of those who are 55 years old and older and say the same thing. “While the majority of Canadians are open to using innovative ways to bank and make payments, the adoption curve is different across age groups, underlining the importance of finding the right balance for each client,” says Williamson. The CIBC research also suggests that banks should be prepared to have educational tools ready to help both millennials and boomers learn to use new technology as 39% of millennials and 27% of boomers will look for these resources. Millennials are just as likely to learn by trial and error, as they are through tutorials, with 39% saying they prefer learning on their own while only 11% of boomers will experiment with the technology. The least popular option for both groups is “ask a tech-savvy friend or family member for help” with 7% of millennials and 10% of boomers stating this is what they would do. More than half (51%) of baby boomers and 13% of millennials say they would just avoid having to learn about new technology by not using it. Angus Reid Forum conducted the survey for CIBC using the responses of 3,012 randomly selected Canadians, who are forum panelists between Sept. 23 and Sept. 25. Canadian banks to focus on growth, spending and buybacks after strong second quarter Fed plays limited role in assessing climate risks for bankslast_img read more

Investors should prepare for impact of climate change

first_img Facebook LinkedIn Twitter Share this article and your comments with peers on social media Keywords Climate change Related news Climate change presents market risks and opportunities, the report says, including the physical effects of more frequent, and more severe weather events, technological advances, regulatory changes and social impacts driven by changing consumer preferences and environmental activism. “These factors can play out immediately (often the regulatory variety), in the medium term as economies transition to a lower-carbon world (often technological), and in the long run (often physical),” the report adds. In particular, the report recommends that investors should prepare for higher carbon prices, and their potential impact on portfolios. BII research has found that there is no downside to gradually incorporating climate factors into the investment process, the report notes, and that there is potential upside. While it was once thought that considering environmental, social and governance (ESG) factors was inconsistent with maximizing financial returns, that is no longer the case. “We believe financial fiduciaries now can — and should — integrate relevant ESG factors in their investment processes or principles,” the report says. Regulators are starting to make environmental considerations an essential part of good corporate governance, and necessary for fulfilling fiduciary duties, the report notes. “The UN Principles for Responsible Investment in 2015 called on regulators to ensure that fiduciary duty requires investors to take account of all ESG factors in their investment process. Many regulators have yet to take action, but signs of change are emerging,” the BII report says. Climate tide turns against oil companies: Moody’scenter_img U.S. action on climate benefits banks, asset managers: Moody’s Global insurers’ focus on ESG will impact energy sector: report Investors can no longer ignore the impact of climate change climate change on investment process, argues a new report from the New York-based BlackRock Investment Institute (BII). “We believe climate factors have been underappreciated and underpriced,” the report says. “Yet this could change as the effects of climate change become more visible.” James Langton last_img read more

TSX dips on fears of global slowdown

first_img Facebook LinkedIn Twitter TSX gets lift from financials, U.S. markets rise to highest since March Stock market quotes holyhikaru/123RF In New York, the Dow Jones industrial average was down 220.77 points at 25,169.53. The S&P 500 index was down 25.56 points at 2,706.05, while the Nasdaq composite was down 86.93 points at 7,288.35.The Canadian dollar traded at an average of US75.27¢ compared with an average of US75.82¢ on Wednesday.The March crude contract was down US$1.37 at US$52.64 per barrel and the March natural gas contract was down US11.1¢ US$2.55 per mmBTU.The April gold contract was down US20¢ at US$1,314.20 an ounce and the March copper contract was up 0.80 of a cent at US$2.83 a pound. North American markets fell on renewed fears about a global economic slowdown and difficulties in the U.S. and China reaching a trade deal.The S&P/TSX composite index closed down 8.95 points to 15,703.36. Share this article and your comments with peers on social media Related news S&P/TSX composite hits highest close since March on strength of financials sector Toronto stock market dips on weakness in the energy and financials sectors Keywords Marketwatch Canadian Press last_img read more

Significant Increase in Hotel Rooms Over Last 20 Years

first_imgRelatedSignificant Increase in Hotel Rooms Over Last 20 Years Advertisements FacebookTwitterWhatsAppEmail The country’s hotel-room count has increased by 123 per cent over the last 20 years, with the figure reaching 19, 550 in 2006.“Ten years ago, there were only 14, 502 hotel rooms and 20 years ago, only 8, 779. In order words, Jamaica’s hotel room-count has increased by 123 per cent between 1986 and 2006,” said Minister of Information and Development, Donald Buchanan.The Information Minister, who was making his contribution to the 2007/08 Sectoral Debate in the House of Representatives yesterday (June 5) said that the 10, 771 new hotel rooms added, have created an estimated 44,000 new direct and indirect jobs, representing an average of more than 2,000 new tourism-related jobs every year over the 20-year period.In 2005, 1, 284 new rooms were added from four new hotels; while 733 hotel rooms came on stream last year, from the construction of another four new hotels. This year alone, at least 1,500 new rooms will be added and “we expect to add 1, 500 rooms each year for the next five years. In addition, the Harmony Cove project is expected to add another 1, 500 rooms by 2011,” the Development Minister added.The spate of new construction, he said, is expected to create a further 40,000 jobs, as there will be increased demand for world-class Jamaican masons, artists, chefs, architects, teachers, plumbers, designers and contractors.He told the House that more jobs are expected to come from other investment projects with linkage to tourism including the development of the Seville Heritage Park in St. Ann; Falmouth, Trelawny; Spanish Town, St. Catherine; Fort Charlotte, Hanover; Milk River Bath in Clarendon; and Fort James and related sites in Port Royal. RelatedSignificant Increase in Hotel Rooms Over Last 20 Yearscenter_img Significant Increase in Hotel Rooms Over Last 20 Years UncategorizedJune 6, 2007 RelatedSignificant Increase in Hotel Rooms Over Last 20 Yearslast_img read more