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Archives for: September 4, 2021

BoA warns end of Bush tax cuts to cause slump

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first_img Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoBetterBe20 Stunning Female AthletesBetterBeUndoAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoOpulent ExpressNewborn Quadruplets Left Doctors Staggered — They Are One In A MillionOpulent ExpressUndoElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndo Tags: NULL whatsapp THE US economy would see a two per cent annualised hit to household income, or roughly 1.3 per cent of GDP, if the Bush tax cuts were allowed to expire as scheduled at the end of this year, according to a note published by Bank of America Merrill Lynch chief North American economist Ethan Harris yesterday. That hit could trigger a double-dip recession, he said. Democrats and Republicans are fighting over the provision, with the Obama administration wanting to permanently extend lower rates and permanently raise the two upper rates, while Republicans want the tax cuts extended. “We don’t find either view compelling,” Harris said. “The longer this game of chicken goes on, the bigger the risk of an economic accident.”Harris says there’s a 55 per cent probability of a compromise after the mid-term election and a 35 per cent chance of gridlock without any compromise.Bank of America said Congress was failing to heed the lessons of Japan, which raised consumption taxes in 1997 before recovery was strong enough. It suggests that it was because of this tax that Japan ended up in deflation. KCS-content Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proofcenter_img Monday 23 August 2010 7:43 pm Show Comments ▼ BoA warns end of Bush tax cuts to cause slump whatsapp Sharelast_img read more

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US data calms growth fears

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first_img whatsapp US data calms growth fears Thursday 9 September 2010 8:23 pm whatsapp Share Show Comments ▼ Tags: NULL KCS-content Read This NextNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’Sportsnaut’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof NEW US claims for unemployment benefits fell more than expected last week to a two-month low, while the trade deficit narrowed sharply in July, hopeful signs for the stuttering economic recovery.The data yesterday helped to calm fears of a sharp slowdown in growth and implied the economy could start working its way out of a soft patch.“The economy is not out of the woods with today’s data, but things look better than they have in several weeks and there is no danger of a new downturn in activity,” said Chris Rupkey, chief financial economist at Bank of Tokyo-Mitsubishi.Initial claims for state unemployment benefits dropped 27,000 to 451,000, the lowest since the week ended 10 July, the Labor Department said. That was well below financial market expectations for 470,000.Separately, the trade deficit shrank 14 per cent to $42.8bn in July, smaller than the $47.3bn gap that markets had expected. Analysts said that suggested the pace of economic growth would quicken in the third quarter. The shrinking of the trade deficit was welcome news after a widening trade gap sliced nearly 3.4 percentage points off US economic growth in the second quarter.A widening trade deficit weighs on growth because it shows more domestic demand is being met by overseas production. The smaller trade gap reflected a 1.8 per cent increase in exports to $153.3bn, the highest since August 2008. Imports fell 2.1 per cent to $196.1bn.However imports from both China and Germany – two countries with persistent trade surpluses – were the highest since October 2008. last_img read more

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News Corp warns Cable over Sky deal

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first_imgWednesday 17 November 2010 8:57 pm Tags: NULL NEWS Corp’s European boss James Murdoch has called on regulators to back his firm’s £7.8bn bid for BSkyB or risk losing its investment in the “world leader” digital TV operation.Business secretary Vince Cable has asked media regulator Ofcom to investigate whether the takeover would harm “media plurality”. The European Union could also launch a full competition probe. Murdoch, who is also chairman of Sky but has agreed to remain absent from the bid, said: “While we do not think the grounds for a public interest or a plurality intervention are very strong, I do think that governments need to make some choices.”He added: “From a policy perspective, the government needs to assess the benefits of having a digital TV business that is a world leader centred in the UK marketplace, with all of the things that it brings, versus potentially jeopardising an £8bn investment in the UK with a prolonged kind of plurality process.”The approval processes could take until the middle of next year, during which time the market value of Sky is likely to grow as the UK’s leading pay-TV operator reaps the benefits of past investments.News Corp, whose chief executive is James’s father Rupert, said in June it wanted to buy the 61 per cent of Sky it does not already own. The two parties failed to agree on a price and have been seeking regulatory approval before further talks.Commentators have suggested that News Corp could dispose of the loss-making Sky News TV channel to appease regulators.But Murdoch said the possibility of making disposals to secure approval for the proposed deal had not been discussed. He said: “We are at a very early stage in this process, so it is dramatically premature to be commenting on theories that have not even surfaced yet.”Sky’s independent directors have said they would be prepared to support a bid of above 800p a share from News Corp, which has offered 700p per share, or a total of £7.8bn.Sky chief executive Jeremy Darroch said he expects the firm’s profit margins to increase in coming months. Share whatsapp News Corp warns Cable over Sky deal center_img Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeCuteness56 Animal Puns For a Quick LaughCutenesscutenova.comTake a Peek at 10 of the Most Expensive Houses in the Worldcutenova.comBewadaMan Decides to File for Divorce After Taking a Closer Look at This Photo!BewadaDinnerZUTop 5 Foods That Help Lose Weight FastDinnerZUHealth.recetasgetHeart Attack Early Warning Signs and SymptomsHealth.recetasgetCleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search AdsAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediaPlumbing ServicesPlumber Prices In Scottsdale might surprise YouPlumbing Services5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard® whatsapp KCS-content Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wraplast_img read more

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WHAT THE OTHER PAPERS SAY THIS MORNING

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first_img whatsapp Tags: NULL Share Thursday 9 December 2010 9:11 pm whatsapp KCS-content FINANCIAL TIMESBP DELAYS LIBYA DEEP WATER PLANBP has delayed its plans to explore in the deep water off the coast of Libya until next year after deciding not to use its original drilling rig “for operational reasons”. The UK oil group said that it was still in the process of ensuring any safety lessons learnt from its Gulf of Mexico spill had been fully implemented. FREEPORT DECLARES SPECIAL $1 DIVIDENDFreeport-McMoRan, the world’s biggest copper miner by market capitalisation, has declared a special $1 per share dividend as the price of the red metal continues to rise sharply on strong demand from manufacturing countries such as China. In a sign of the rapid financial turnround the big mining firms have enjoyed since 2009, Freeport declared a two-for-one stock split and the unloading of $471m of excess cash to shareholders.IASB PROPOSES HEDGE ACCOUNTING OVERHAULCompanies will have a more straightforward method of explaining their risk management activities under proposed changes to commonly used hedge accounting rules. However, the rewrite of International Financial Reporting Standards outlined yestesrday by the International Accounting Standards Board did not tackle portfolio hedging.GOLDMAN CDS TRADING ACTIVITIES UNDER FIREGoldman Sachs ’ trading activities in the credit insurance market in 2007 have come under attack after e-mails revealed a senior trader urged colleagues to “kill” some investors’ positions. Carl Levin, chairman of the Senate permanent subcommittee on investigations, told a hearing that the alleged activity “looks like a trading abuse to me”, although he added that at the time the credit insurance market was unregulated. THE TIMESFORMER LADBROKES BOSS LEADS THE GALLOP FOR THE POST AT THE TOTEThe former chief executive of Ladbrokes is being tipped as a frontrunner in the race to buy the Tote after saddling up with partners prepared to back a bid of at least £200m. The Times understands that Chris Bell, who left Ladbrokes in January after almost 20 years, has joined forces with GI Partners and RBS.POWERFUEL COLLAPSE THREATENS GOVERNMENT PLANSPlans to make Britain a world leader in a key new environmental technology were dealt a blow last night after the company behind one of only two remaining UK clean coal projects collapsed into administration. Powerfuel, which had planned to build the world’s largest clean coal power station in Yorkshire, called in KPMG to act as administrators.The Daily TelegraphCATALYST PULLS £40M SATELLITE INFORMATION SERVICES SALECatalyst Media Group has quietly shelved plans to sell its major asset – a near-21 per cent stake in Satellite Information Services – after failing to attract bids that met its £40m asking price. The Aim-listed company, which is valued at £24.2m, hired NM Rothschild earlier this year to explore the sale of its stake in SIS. STERLING WILL BE STRONGEST MAJOR CURRENCY IN 2011, SAYS BARCLAYSSterling will be the best-perfoming major currency next year, Barclays has forecast, as the UK gets its “house in order”. The prediction came as Barcap, the securities arm of the retail bank, also used its 2011 outlook to predict that stock markets will outperform government bonds and that the US economy will stage a stronger recovery than it has managed in 2010.THE WALL STREET JOURNALCABLES PAINT SHELL AS DISMISSIVE OF NIGERIA Royal Dutch Shell feared it could lose the bulk of its oil-license acreage in Nigeria after the country’s new Petroleum Industry Bill is passed, according to one in a series of diplomatic cables that offer glimpses into the intersection between business and politics in Africa’s biggest oil producer.BAYER TO INVEST €1BN IN CHINA German drug and chemicals maker Bayer said yesterday it plans to invest about €1bn (£840m) to double its polymer-production capacity in China over the next five years. Bayer said Bayer MaterialScience AG will invest in five separate expansion projects at the company’s manufacturing base in Shanghai to meet rising demand in the world’s fastest-growing major economy. Show Comments ▼ More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comWhy people are finding dryer sheets in their mailboxesnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comPuffer fish snaps a selfie with lucky divernypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com WHAT THE OTHER PAPERS SAY THIS MORNING last_img read more

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RBS transfers Chinese retail arm to Asian bank

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first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBrake For ItThe Most Worthless Cars Ever MadeBrake For ItUndoBetterBe20 Stunning Female AthletesBetterBeUndoMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndo Share Wednesday 15 December 2010 8:15 pm ROYAL Bank of Scotland (RBS) continued its divestment plan yesterday by winding down its retail and commercial operations in Chinese cities.RBS will tranfer its 25,000-strong customer base, business portfolios and employees in Shanghai, Beijing and Shenzhen, to Singapore-based bank DBS China. The agreement will take six months and involves no cash deal, transfer of outlets or business licences. RBS will now focus on developing its wholesale and investment banking businesses in the country. “RBS remains strongly committed to the long term development of its business in China,” its statement said. The deal is the latest non-core asset divestment following its restructuring in the financial crisis. whatsappcenter_img More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org RBS transfers Chinese retail arm to Asian bank Show Comments ▼ KCS-content Tags: NULLlast_img read more

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News Corp calls off MPs’ meeting

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first_img News Corp calls off MPs’ meeting Share whatsapp Read This Next’Pose’ Creator Steven Canals on Life After His Groundbreaking Show: ‘I’mThe Wrap’The Boys’ Star Aya Cash Took Inspiration From YouTube, TikTok and SteveThe WrapHow HGTV’s ‘Renovation Island’ Changed Bryan and Sarah Baeumler’sThe Wrap’Bridgerton’ Stars Phoebe Dynevor and Nicola Coughlan on Daphne andThe WrapBest Wine Gifts & Wine Accessories at Every PriceGayot’Hitman’s Bodyguard’s Wife’ Earns $17 Million 5-Day Opening as Box OfficeThe WrapFox News’ Mark Levin Says Capitol Riot Suspects ‘Would Be Treated Better’The WrapEverything We Know, or Think We Know, About the Time-Keepers on ‘Loki’The Wrap’The Crown’: What Went Into Finding Princess Diana and Margaret ThatcherThe Wrap Show Comments ▼ KCS-content RUPERT Murdoch’s News Corporation, which is attempting to buy the 61 per cent shares in BSkyB it does not already own, has cancelled a meeting it was due to hold with the influential Culture, Media and Sport select committee tomorrow.Sources close to News Corp, whose proposed deal is under intense scrutiny, said the media group preferred to focus on getting its arguments across to Jeremy Hunt’s Department for Culture, Media and Sport.Regulator Ofcom recently completed its analysis into whether the deal poses a threat to media plurality. Monday 10 January 2011 8:53 pm whatsapp Tags: NULLlast_img read more

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Miliband blasts Hester’s payout as opposition calls for bonus tax

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first_img whatsapp whatsapp LABOUR leader Ed Miliband said yesterday that Stephen Hester “shouldn’t get the scale of bonus that is being talked about”, following reports that the Royal Bank of Scotland chief executive is in line for a £2.5m bonus, despite the bank being majority-owned by the government. Miliband’s comments came as the opposition party called on the coalition government to reintroduce last year’s tax on bank bonuses. A bank levy on balance sheets, seen as one of the best ways to tax the sector over the long term, is expected to raise about £2.5bn annually when fully operational.The one-off levy – separate from a yearly balance sheet tax being brought in – raised £3.5bn last year, according to government data. Tags: NULL Monday 10 January 2011 8:46 pm Miliband blasts Hester’s payout as opposition calls for bonus tax center_img Share Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeBetterBe20 Stunning Female AthletesBetterBeUndoTaco RelishOnly People With An IQ Of 130 Can Name These ItemsTaco RelishUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndoNews SharperGrab A Tissue Before You See Richard Simmons At 72News SharperUndoDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionUndoTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmUndoMoneyPailBurning Money: Common Cars Rapidly DepreciatingMoneyPailUndoNext RefinanceFishermen See Animal On Iceberg, But Then Look CloserNext RefinanceUndoGameday NewsNFL Hall Of Famers Who Probably Don’t Deserve To Be In CantonGameday NewsUndo Show Comments ▼ More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org KCS-content last_img read more

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Greece says recovery is being set back by debt restructuring talk

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first_img KCS-content Show Comments ▼ GREECE’S central banker said yesterday that talk of debt restructuring is hurting the country as it struggles to exit the fiscal crisis that has shaken the eurozone.“I believe that even mere talk of debt restructuring hurts the country,” Bank of Greece governor George Provopoulos told local Greek press.He said the negative impact of a debt restructuring would far exceed the short-term pain caused by the austerity measures Greece is implementing.“The political and economic impact of debt restructuring would far exceed the short-term pain of fiscal adjustment. Debt restructuring would spark an uncontrollable chain reaction which would start a new, long-term cycle of a lack of credibility for the future of Greece’s economy,” he said. Share Greece says recovery is being set back by debt restructuring talk whatsapp whatsapp Sunday 23 January 2011 10:55 pm Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayotChicken Bao: Delicious Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily Proof Tags: NULLlast_img read more

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BUSINESSES AND INDIVIDUALS NEED LONG TERM PLANS

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first_imgWednesday 26 January 2011 8:52 pm Davos tweets …@flacqua 7.51pm“Great Davos moment. Trichet taking a wrong left turn and walking into press room. Then realising he didn’t want to get assailed so ran out”@tim_weber 7.50pmRussian President Medvedev on #davos stage seems to star in a commercial for Apple’s iPad. Talking about his web habits, he waves one [email protected] 5.51pm“@Davos. A big challenge in #Davos is managing to get to the right place on time. But it’s worth the effort. #WEF http://ht.ly/3KCvl”@felixsalmon 6.55pm“Thanks @black_von for giving me a shove and waking me up. I was literally nodding off there. #Medvedev #wef” whatsapp KCS-content BUSINESSES AND INDIVIDUALS NEED LONG TERM PLANS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comSenior Living | Search AdsNew Senior Apartments Coming Nearby Scottsdale (Take a Look at The Prices)Senior Living | Search AdsLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search Adscenter_img Share Tags: NULL Show Comments ▼ whatsapp GROUP CHIEF EXECUTIVE, AVIVAAS INSURERS, we’re here to help secure our customers’ financial futures and we understand the responsibility that comes with that. Ours is a long term business. We have to be there for our customers throughout their lifetimes, and beyond. So inevitably the sustainability of our business is a key priority for us.Recent history tells us that businesses can no longer look at cashing in on short-term financial rewards without keeping an eye on their long-term impact. We have been fortunate to be a business that has always had to take a long-term perspective, and while we operate in the interest of our shareholders for whom we must drive value we also have a duty to our customers and more broadly society. We have to address issues around the significant level of under-provision for retirement and our society’s relationship with money because these things directly affect our business.We are looking at new ways through which we can better engage consumers to take greater personal responsibility for their financial security. We are also going to be more vocal about creating and maintaining better environments for long-term businesses whether that’s corporate governance, financial reporting or regulation. This is a global challenge: and to that end we are very proud to be supporting the UN’s Global Compact LEAD initiative, which Secretary General Ban Ki-Moon launches this week in Davos. I’ll be speaking on the need for investors, regulators and companies to work together to enhance performance on environmental, social and corporate governance issues.The responsibility for all of this is shared between governments, business and individuals, we all have a role to play. I hope at Davos we can broaden what “sustainability” really means and discuss the responsibilities on all of our shoulders in ensuring future prosperity.last_img read more

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London Capital faces £7.7m bill

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first_img Spread-betting firm London Capital Group could be forced to pay £7.7m by the financial ombudsman. The regulator ruled that the company, which provides online gaming platforms for Paddy Power and PartyGaming, must repay £100,000 to clients who lost money on a third-party currency fund. The fund, provided by London Capital yet sold by Integrity Financial Solutions (IFS), reportedly lost investors thousands of pounds. A further 114 clients who say they lost money in the fund have come forward, bringing the claim total to approximately £7.7m. Hampshire-based IFS, part of parent company UK Integrity Group, was said to be under investigation from the Financial Services Authority over its sales practices, yet went into liquidation in October 2009.Clients who had invested in the fund then turned to the Financial Ombudsman in an attempt to claw back lost cash. The new ruling comes after no action was initially taken against London Capital. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikePast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStorymoneywise.comThe Most Neglected College Football Stadiums In The U.S.moneywise.comQuizscapeThe Irish Can’t Handle This Slang QuizQuizscapebonvoyaged.comTotal Jerks: These Stars Are Horrible People.bonvoyaged.comZen HeraldEllen Got A Little Too Personal With Blake Shelton, So He Said ThisZen HeraldNext RefinanceThis Is Why The Roy Rogers Museum Has Been Closed For GoodNext RefinancePost FunCouple Makes A Bet: No Eating Out, No Cheat Meals, No Alcohol. A Year After, This Is ThemPost FunDefinitionHistorians Doubt These 21 Famous People Ever ExistedDefinition whatsapp KCS-content Monday 14 February 2011 9:58 pm Show Comments ▼ More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comcenter_img whatsapp Share London Capital faces £7.7m bill Tags: NULLlast_img read more

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