Browsing:

Category: eobrx

Mindtree to be run independently for now, says L&T

first_imgMumbai: Engineering major L&T which mounted a hostile takeover of software firm Mindtree with Rs 10,733-crore bid on Monday ruled out merging it with its IT arm for the time being. L&T on Monday announced a hostile takeover bid involving a three-pronged acquisition of Mindtree, wherein it will pay Rs 980 a share for 20.3 per cent stake of V G Siddharth, buying 15 per cent from the public and mounting an open offer at Rs 980 a share later. Also Read – Thermal coal import may surpass 200 MT this fiscal Thus, it plans to acquire 67 per cent for a consideration of Rs 10,733 crore. “We have not thought about integrating Mindtree with us (L&T Infotech). For the time being, it will be run as an independent entity,” L&T Managing Director and chief executive S N Subramanyan told reporters here on Tuesday. Describing the deal as meeting of two like-minded people, he said V G Siddharth whose 20.3 per cent stake the company has bought out at Rs 980 a share, had approached them three months back for buying him out. Also Read – Food grain output seen at 140.57 mt in current fiscal on monsoon boost “It was a meeting of minds between us and Siddharth,” Subramanyan said, adding the Cafe Coffee Day owner wantedto house his shareholding with a group where he saw the same governance values and ethics. “The senior management at Mindtree are good friends with us and are people of repute and we see a lot of positivity in going ahead with the deal,” he said. He also reassured employees that L&T is an 80-year-old company with strong governance values. “Mindtree will be run as an independent company, LT will provide board oversight. We hope better sense and rationality will prevail,” Subramanyan said. L&T group CFO R Shanker Raman said there is a relative upside to Mindtree and that’s what made them to buy the company and that both the companies (L&T Infotech and Mindtree) are USD 1 billion each and have enough opportunity to grow respectively.last_img read more


Morocco Holds First Edition of ‘Product of the Year’ Award

Rabat- The “Product of the Year” award was granted to 33 Moroccan products, including foods, electronics, and cosmetics.The first ceremony of its kind in Morocco, “Product of the Year” took place on Friday, March 30, in Casablanca to award products from 33 categories based on a study presented by the global information and measurement company, Nielsen Holdings PLC, which operates in over 100 countries.Exactly 3250 consumers from seven Moroccan cities, including Rabat, Oujda, Casablanca, and Agadir, voted on the winning products, which were evaluated and chosen based on  innovation, the attractiveness or appeal of the product in the market, and the relevance or purpose of customer purchase. Here’s a look at the winning products, divided by category:Bottled waterLes eaux de table Amane SoussBody soapTaous savon dur corporelBouillon cubeKnor BouillonBody lotionVaseline LotionBiscuit (Cream)GENOVAButterBeurre BaddaouiaCanned TunaGamme Thon JolyCooking oilLesieur 3 GrainesCharcuterieCharcuterie fine Koutoubia Detergent-soapEl Kef savon dur de ménageFridgeSamsung Twin Cooling PlusHandwashTaous savon liquide pour mainsHandwashEl Kef Lessive en poudre lavage mainHair conditionerUltra Doux Huiles Guérisseuses de Ricin et d’AmandeHair conditionerLes Bains d’Huiles Bienfaisant d’Ultra DouxKetchup Lessieur KetchupLaundry detergent for washing machinesAriel Poudre et Liquide Multi-usage detergentEl Kef multi-usageMustard sauceLessieur MoutardeMayonnaiseLessieur MayonnaiseOlive oilHuile d’Olive Al Horra de Lessieur CristalShampoo for menClear  shampoingsShower gelLuxe gel doucheSmartphonesSamsung Galaxy S8, Samsung Galaxy S8+Sweetened creamSergio pate à tartinerShampooHead & shoulders shampooing mixtes TelevisionSamsung Qled TVTabletSamsung Galaxy Note8TabletSamsung Galaxy Tab3 Washing-machineSamsung Eco Bubble Addwash DITWhitening ToothpasteSignal blancheur read more


US farmers who sell to China feel pain of Beijing’s tariffs

DES MOINES, Iowa — China’s announcement Monday of higher tariffs on $60 billion of American exports — retaliation for President Donald Trump’s latest penalties on Chinese goods — hit a particular nerve here in the farm belt. China’s vast consumer market has been a vital source of revenue for Americans whose livelihoods depend on farm exports.Beijing’s action wasn’t unexpected. But it still felt like a heavy blow to many.Since December, when U.S. and China negotiators called a truce to tariffs and began signalling that an agreement might be reached, soybean farmers had been holding out hope that sales to China would resume, said Todd Hultman, an Omaha-based grain market analyst with agriculture market data provider DTN. In the meantime, the farmers had been storing a record stockpile of nearly 1 billion bushels.David Pitt, The Associated Press read more


Former Parliamentarian Sajin Vass arrested by the CID

Former Parliamentarian Sajin Vass Gunawardena was arrested by the police Criminal Investigations Department (CID) today.He was arrested for allegedly extorting money from a businessman. He was arrested over allegations of misusing vehicles belonging to the Presidential Secretariat.But in September last year he was granted bail by the Colombo High Court. It was later reported that he was going to be used as a State witness. The former Foreign Ministry Monitoring MP was also arrested by the CID in May last year over another case. He said he was ready to face any investigation and, if found guilty, be imprisoned. (Colombo Gazette) Last month Sajin Vass Gunawardena said that he was being forced to remain silent on some baseless allegations raised against him.He claimed the police had not filed a new complaint on him and yet the public were being misled through false reports.Sajin Vass Gunawardena felt at the time there was an organised campaign launched against him by individuals with vested interests. Sajin Vass Gunawardena was produced in court and remanded till July 5th. read more


UK could be forced to hand over to Azerbaijan millions from Harrods

Mr Justice Supperstone has ordered that she must comply with the UWO order and explain how she acquired her wealth. Her lawyers, who issued a statement insisting the order did not imply any wrongdoing on behalf of their client, are arguing that she is the wife of a legitimate businessman.Speaking on BBC Radio 4’s Today Programme, Mr Toon said if the agency won their case the would used the Proceeds of Crime Act 2002 to apply to the courts to seize a number of her properties.Asked who would then have a right to claim that wealth, he said: “Ultimately, that becomes a political and international issue.“So, in the first instance the value of those assets would come into the UK Government, and then there is a direct engagement between the originating country of the money and the UK about the extent of repatriation.”Mr Hajiyev had worked for Azerbaijan’s state-owned bank and so that country’s government would be able to claim a right to clawing bakc any funds fraudulently used by Mrs Hajiyeva that they believe were obtained by her husband from their bank.Mr Toon added that other eight people currently being pursued by the agency under the  Unexplained Wealth Order powers came from Africa, South Asia, states with in the former Soviet Union and Russia. The £15 million Knightsbridge home of Zamira Hajiyeva Britain may hand back millions of pounds seized from the Harrods ‘big spender’ to Azerbaijan, the National Crime Agency chief has said.Donald Toon, the agency’s director of economic crime, has revealed that if the High Court rules Zamira Hajiyeva had used fraudulent funds any property and money seized from her would be returned to her native country.He outlined how the High Court battle surrounding the UK’s first Unexplained Wealth Order (UWO) would see any confiscated cash become a “political and international issue”.Mrs Hajiyeva, 55, was named yesterday as being at the centre of a McMafia style financial investigation amid allegations that she used her husband’s stolen money to fund a lavish lifestyle.The Azerbaijan national has lived in Knightsbridge for more than a decade during which time she has spent more than £16 million in the Harrods department store. Her five-bedroom house is worth £15 million and she also bought the Mill Ride golf and country club in Ascot for £10.5 million. The £15 million Knightsbridge home of Zamira HajiyevaCredit:Paul Grover for The Telegraph Her husband, Jahangir Hajiyev, the former chairman of the the International Bank of Azerbaijan, was sentenced to 15 years imprisonment in 2016 for defrauding the bank out of £2.2 billion.The National Crime Agency claims Mrs Hajiyeva had used funds raised fraudulently to fund property purchases in the UK. Want the best of The Telegraph direct to your email and WhatsApp? Sign up to our free twice-daily  Front Page newsletter and new  audio briefings. read more


EHF EURO2014 Precise and friendly Danish organisation

← Previous Story WHC Vardar reinforces! Andrea Penezic and Barbara Lazovic arrive! Next Story → HC Vardar wants Rutenka, Karabatic, Sterbik and Lazarov?! Denmark HandballEHF EURO 2014 The EHF EURO 2014 in Denmark has been a great success in terms of hosting the event. The focus on handball in Denmark and the focus on Denmark in the World of Handball have been immense. Jean Brihault on Denmark as a host: “They have been great hosts. The organisation has been really precise and at the same time friendly. The volunteers are all very helpful and very enthusiastic. They are not just fulfilling a duty, they are enjoying themselves, and this makes the difference. I would say that the atmosphere here in the Box (Jyske Bank Boxen in Herning) has been incredible. It seems that this thing “The Box” which was also the name of the Olympic venue (The Copper Box in London) is good for handball.Per Bertelsen, president of the Danish Handball Association, DHF: “After having digested the defeat against France we can say we are proud of the silver medals. And we are proud of the Euro2014 on home ground. We are humble by the many, many that followed handball in Jyske Bank Boxen and watching it on TV. We got world class support. Danish handball was in focus nationally and internationally. We owe a big thank to players, spectators, volunteers, host cities and Sport Event Denmark. Without this fine cooperation we had not been able to achieve what we did.”“We can already see that we will get a good profit from this event. We should use this to enhance the conditions for handball in the local clubs in order to retain and recruit players.”The Danish Handball Association is already looking forward to and already preparing for the next championships in Denmark: IHF Women’s World Championships 2015 and IHF Men’s World Championship 2019 the latter in cooperation with Germany.Sport Event Denmark – the national sport event organisation – is also more than satisfied with the EURO2014:Lars Lundov, CEO, Sport Event Denmark: “Throughout the tournament the Danish team gave us great experiences at home ground even if they lost to France in the final. And it has been a memorable journey – from the bid to the staging of the event. Denmark was awarded the event with the vote 24-22 – the least possible margin – against a strong joint bid from Croatia /Hungary back in 2010. DHF together with the host cities proved that Denmark was a good choice. Events like this showcase Denmark as a sport event nation. The transfer of knowledge will be activated in relation to not only future handball championships in Denmark – IHF Women’s World Championships 2015 and IHF Men’s World Championship 2019 – but also other international sports events that are in the pipeline.”Sport Event Denmark will finance and coordinate an economic impact analysis of the EURO2014, but some facts are:Tickets sold: 140.00 (316.000 in total at all matches – a new EHF record)Public Danish Interest: Every Dane of three years and above spent on average eight hours and eight minutes in front of the TV watching the EURO2014. This is the highest TV-consumption at European Championships ever.Participating nations: 16Small Nation Seminar, participants: 20Accredited Media: 711Volunteers: 1200Likes on Danish facebook fanpage for the national team: 210,000 https://www.facebook.com/haandboldherrern read more


RK PPD Zagreb keep Dobrivoje Markovic for one more year

← Previous Story WCh 2017: Tough groups from Trier to Leipzig Next Story → THIS IS YOUR CUP: Over 350 teams and 5.000 players in Granollers! The Croatian champions RK PPD Zagreb and Serbian NT left wing Dobrivoje Markovic extended their deal for one more season! That means Serb will be a part of the team until summer 2018 under new coach Kasim Kamenica.The 31-years old Markovic, who won the silver medal at Men’s EHF EURO 2012 in Serbia, joined Zagreb in season 2015/2016 called by coach Veselin Vujovic.Markovic previously has played at RK Vardar Skopje.The second wing, Darko Cingesar left the team in direction French Aix.


Doherty condemns AIB use of nondisclosure agreement for mortgage deals

first_imgView the document in full.Read: AIB commits to working out deals for mortgage holders in arrears>Read: Personal insolvency agency to open ‘early in the summer’ – Taoiseach> SINN FÉIN TD Pearse Doherty has today criticised AIB over a confidential non-disclosure document that is “being used by AIB to gag borrowers” in the buy-to-let market on mortgage deals.The ‘Pre-Negotiation Non-Disclosure Undertaking‘, released by Doherty through a confidential source, requests that borrowers agree not to disclose details to third parties of any negotiations taking place to restructure their mortgages.Borrowers signing the document must even agree not to disclose the fact that negotiations are taking place with the bank.The document, which would be sent to the bank, after a signature is witnessed by a solicitor, agrees the following:Not to disclose to any third party the fact that negotiations are taking place between the bank and ourselves and in the event that an agreement is reached between the the bank and ourselves to restructure our facilities, not to disclose to, or use for the benefit of, any third party the fact that such agreement may have been made nor to make known any details or information in any form (whether written, oral, visual or in any electronic form) relating thereto.Commenting on the content of the agreement, Doherty said it “lifts the lid on the bank’s veil of secrecy on mortgage deals within the buy-to-let sector”.“There are clearly deals being done, but in this instance, for what we have been informed is for the buy-to-let sector, AIB has produced a legal document to prevent any borrowers disclosing that they have even talked to their bank,” he said.Pearse said that the document shows that leaving mortgage restructuring  in the hands of the banks will mean leaving them “to continue to act behind closed doors so mortgage holders do not know what they are entitled to”.“This document proves mortgages are being restructured, but that the banks are hoping they can keep it from the rest of the populace,” he said. “It’s sneaky practice and it’s time for it to stop”.A spokesperson for AIB told TheJournal.ie that the bank had no comment to make on the document.last_img read more


Keith Earls on fire again as Ireland run 7 past Japan

first_img http://the42.ie/3448901 30,793 Views Earls got his second try to take Ireland to the half century mark for the second week in a row, with Japan finishing on a high with late tries from winger Kenki Fukuoka and replacement scrum-half Yutaka Nagare, at a time when Ireland were down to 14 when Luke McGrath had to go off with the bench emptied.Scorers for Japan:Tries: Ryuji Noguchi, Kenki Fukuoka , Yutaka NagareCons: Rikiya Matsuda (2 from 2)Scorers for Ireland:Tries: Dan Leavy (2), Jack Conan (2), Keith Earls (2), Garry RingroseCons: Paddy Jackson (5 from 5), Rory Scannell (1 from 2)Pens: Jackson (1 from 1)Japan: Ryuji Noguchi; Kotaro Matsushima, William Tupou, Derek Carpenter (Ryohei Yamanaka ’67), Kenki Fukuoka; Yu Tamura (Shuhei Matsuhashi ’59), Fumiaki Tanaka (Yutake Nagare ’55); Keita Inagaki (Shintaro Ishihara ’41), Shota Horie (Yusuke Niwai ’55), Heiichiro Ito (Takuma Asahara ’59); Kotaro Yatabe, Uwe Helu (Shuhei Matsuhashi ’55); Michael Leitch, Yoshitaka Tokanuga, Amanaki Mafi (Hendrik Tui ’41).Ireland: Simon Zebo (Tiernan O’Hallorn ’41); Andrew Conway, Garry Ringrose (Kieran Marmion ’68), Rory Scannell, Keith Earls; Paddy Jackson (Rory O’Loughlin ’61), Luke McGrath; Cian Healy (Dave Kilcoyne ’58), Niall Scannell (James Tracy ’55), John Ryan (Finlay Bealham ’61, Ryan ‘78); Quinn Roux, Devin Toner (Kieran Treadwell ’61); Rhys Ruddock (Jack O’Donoghue ’64-71 HIA)), Dan Leavy (O’Donoghue ’54- 59) blood), Jack Conan (O’Donoghue ’76).The42 is on Instagram! Tap the button below on your phone to follow us! By John Fallon 9. A record number of tries in a season for an Irish player. Congratulations @KEITHEARLS87 pic.twitter.com/hOmE5bTId0— Irish Rugby (@IrishRugby) June 17, 2017 Saturday 17 Jun 2017, 8:05 AM Follow us: the42.ie ‘A bit of a cuddle’ just the trick to put Sexton back on top form, says Sean O’Brien‘He keeps telling us he’s got something up his sleeve other than his arm’ Japan 22Ireland 50John Fallon reports from Ecopa Stadium, ShizuokaKEITH EARLS AGAIN led the way as a relatively inexperienced Irish side romped to their second big win of the summer tour.Japan, one of Ireland’s 2019 World Cup opponents, were easily brushed aside in warm conditions. Earls, who scored twice in the 55-19 win over the USA, continued his blistering form on this tour to settle Ireland with the opening try after 12 minutes when he was put clear down the left by Jack Conan after Ireland turned over a Japanese scrum. Source: Ryan Byrne/INPHOPaddy Jackson, who was assured from the outset, landed the left wing conversion to make it 10-0, having got them off the mark with a penalty after seven minutes.The sin-binning of Japan tighthead Heiichiro Ito for killing the ball after another break by Earls afrer 24 minutes allowed the floodgates to open, with Quinn Roux and Devin Toner shaping the line-out to send Dan Leavy over for his first international try.He got his second four minutes later — after another Earls’ break — and then Conan took the final pass from the Limerick man to cross for Ireland’s fourth try. Source: Ryan Byrne/INPHOJackson’s touchline conversion meant that Ireland had 21 points posted while Japan were down a man for 10 minutes and left Ireland leading by 31-3 at the break.Conan got his second try of the game six minutes after the restart before Japan responded with their best spell and were rewarded with a try from full-back Ryuji Noguchi, much to the delight of the crowd of around 30,000.Rory O’Loughlin and Kieran Treadwell came on for their Irish debuts — making it seven new caps on this tour so far — before Garry Ringrose was sent over by Tiernan O’Halloran for Ireland’s sixth try 14 minutes from the end. 29 Comments Source: Irish Rugby/Twitter Keith Earls on fire again as Ireland run 7 past Japan Joe Schmidt’s side hit the 50-point mark for the second week running thanks to big displays from Earls and Jack Conan. Tweet thisShare on FacebookEmail this article Jun 17th 2017, 8:05 AM Short URL Share76 Tweet Email last_img read more


American Horror Story Cult Trailers are Here and Hope You Like Clowns

first_img Now that we know the title of this year’s American Horror Story season, FX has moved on to the scaring the crap out of us phase. For the past few weeks, they’ve released some absolutely terrifying teasers hinting at the nature of AHS: Cult. Whatever its true nature turns out to be, one thing is certain: It contains a lot of clowns. The scary clown phenomenon appears to be back in full force. Just a couple days after the movie adaptation of Stephen King’s It hits theaters, Ryan Murphy will give us his take. Which apparently involves some kind of cult. We’re not going to get any sleep this fall, are we?So there appears to be some sort of clown cult. Based on the hints Ryan Murphy has previously given us, the cult may revolve around Twisty, the murderous circus clown from season four, or “Freak Show.” Maybe his actions have inspired a growing group of fanatical worshipers? Then, there’s this bit of unsettling imagery.The hollow face is frightening enough, but then in a later video, Murphy/FX has seen fit to pile on another phobia.Oh good. Bees. My favorite. This isn’t just a one-off thing, either. It’s looking like bees will play a big role in the upcoming season, at least if this next video is anything to go by.So yeah, bees, beehives and creepy hands reaching out to pull you into them. In all the time I’ve been watching American Horror Story, this might be the most creeped out the series has ever made me feel. I’m sure the final product will still have its campy, silly moments, but these teasers sure are effective. Especially this next one, which has the creepiest clown yet.Seriously, why even bother bringing back Twisty at this point? Sledgy up there is nightmare-inducing enough. Especially paired with the most recent teaser. Released just this week, the latest clip puts us on a bus with clowns. You might be able to predict that one gets uncomfortably close. Knowing this does not make it any less unsettling when it happens.In addition to the cults, clowns, bees, and buses, we already know that the upcoming season will have something to do with the most recent election. The 11-episode story will begin on election night and comment on the fear that many Americans are feeling under the current administration.In an interview with The Hollywood Reporter, Murphy said the series will focus on “people who are ignored by the current administration and who are afraid and feel terrorized that their lives are going to be taken away.” Exactly how the clown cult and bees fit into that, we’ll just have to wait and find out. This teaser from August 1 may give us an idea though.The clowns are clearly hunting down somebody. I wonder where she falls on the “people who are ignored by the current administration” spectrum. Also, is anyone else getting The Purge vibes from that video? American Horror Story has always worn its horror movie inspirations on its sleeve in the past. If Ryan Murphy is trying to make his version of political horror, there are certainly worse series he could crib from.American Horror Story: Cult premieres on September 5 on FX.Let us know what you like about Geek by taking our survey. Stay on target American Horror Story Takes Us Back to the Days of Witches and WarlocksThe Best American Horror Story Funko Pops! last_img read more


Vandals damage Clark College sign

first_imgSomeone vandalized the Clark College sign at the southwest corner of the campus at Fort Vancouver Way and McLoughlin Boulevard.College President Bob Knight said he was disgusted and saddened. The vandalism apparently happened over the weekend.“It’s just unfortunate,” Knight said. “It’s a beautiful campus and it’s a waste of the taxpayers’ money now that we have to repair that. … We take a lot of pride in the college.”The sign was made by a professional firm, and Knight said it might take some time to get new letters made and erected. The letters are nearly 2 feet tall.“It’s sad that someone had to do that,” Knight said. “We’ll try to get it repaired as quickly as possible.”last_img


What Are Town Boards Committees Talking About Week of February 10 2019

first_imgWILMINGTON, MA — According to the Wilmington Town Clerk’s calendar, there are several town and school board, committee and commission meeting scheduled for the week of Sunday, February 10, 2019.Sunday, February 10No MeetingsMonday, February 11The Wilmington Housing Authority meets at 5pm in Deming Way’s Community Hall. Read the agenda HERE.The Wilmington Board of Selectmen meets at 7pm in Town Hall’s Room 9. An Executive Session will likely precede the meeting at 6pm. Read the agenda HERE.The Wilmington Historical Commission meets at 7pm in Town Hall’s Room 4. Read the agenda HERE.Tuesday, February 12The Wilmington Finance Committee meets at 7pm in Town Hall’s Room 9. Read the agenda HERE.Wednesday, February 13The Wilmington Board of Appeals meet at 7pm in the Town Hall’s Auditorium. Read the agenda HERE.The Wilmington School Committee meets at 7pm in the High School’s Large Group Instruction Room. Read the agenda HERE.Thursday, February 14The Wilmington Finance Committee meets at 7pm in Town Hall’s Room 9. Read the agenda HERE.Friday, February 15No MeetingsSaturday, February 16No Meetings(NOTE: While unlikely, it is possible additional meetings could be added to this week’s calendar on Wednesday, Thursday, or Friday.  It’s best to check the Town Clerk’s calendar mid-week.)Like Wilmington Apple on Facebook. Follow Wilmington Apple on Twitter. Follow Wilmington Apple on Instagram. Subscribe to Wilmington Apple’s daily email newsletter HERE. Got a comment, question, photo, press release, or news tip? Email wilmingtonapple@gmail.com.Share this:TwitterFacebookLike this:Like Loading… RelatedWhat Are Town Boards & Committees Talking About? (Week of June 9, 2019)In “Government”What’s Happening At Town Meetings This Week? (Week of September 8, 2019)In “Government”What Are Town Boards & Committees Talking About? (Week of August 11, 2019)In “Government”last_img read more


Bergdahls Hometown Unprepared For Public Backlash

first_imgAlmost immediately after the jubilant response to former Fort Richardson soldier Sgt. Bowe Bergdahl’s release from the Taliban on Saturday, the story took a very different turn. First, there was criticism of the Obama administration for exchanging five Taliban detainees for Bergdahl. Then, some soldiers from his former unit started speaking out against the freed prisoner of war. Bergdahl’s hometown in Idaho was unprepared for the public backlash.Download Audiolast_img


Changes to oil tax bill scale back incentives for new oil

first_imgWith just over a week left in the legislative session, lawmakers are still wrangling over the always-contentious issue of oil taxes.Gov. Bill Walker has requested a complete overhaul of the state’s oil and gas tax credit program. The House Resources committee scaled back that proposal.Now, a third committee has weighed in. The House Finance committee chose a middle route — while also introducing some changes that weren’t even in the governor’s bill.APRN’s Rachel Waldholz has been following the debate.Download AudioRep. Steve Thompson, R- Fairbanks, co-chair of the House Finance Committee, during a committee meeting March 9, 2016. (Photo by Skip Gray/360 NorthTOWNSEND: Rachel, where do we stand right now?WALDHOLZ: The numbers are kind of squishy, but if you look out at fiscal year 2018, the governor’s plan would raise or save more than $400 million. House Resources, which was the first committee to weigh in, their plan would have saved less than $100 million. House Finance’s plan saves in the $100 million to $200 million range. So it’s in between, but it’s nowhere near what the Governor is asking for.TOWNSEND: What’s new in this bill?WALDHOLZ: Well, the Governor’s bill would have repealed some credits and it would have raised the minimum tax on the North Slope. House Finance has moved beyond scaling back credits, it’s now tinkering with some of the core structure of the existing tax system.For instance, the House Finance bill would sunset incentives on new oil. So this is a key part of our current tax structure, lower taxes on new oil, and the House Finance bill would say, look, after five years it’s no longer new oil, it goes back to being charged the same amount as legacy fields like Prudhoe Bay and Kuparuk.TOWNSEND: Oil taxes are complicated and even a lot of lawmakers don’t totally understand them. What’s the big picture?WALDHOLZ: One big philosophical question really is:  Do you think the state is getting its money’s worth from these credits?The Governor and his administration would argue no, especially at low prices, we’re paying too much money. We don’t need to pay 65% of the cost of a well to make it attractive.And some of these credits, like the ones in Cook Inlet, were designed in response to very specific crises that have passed. We’re not worried about a natural gas shortage, so it’s okay to scale back those credits, they would say, without a huge impact on the state.But lawmakers say, look, these credits are an investment in more oil. And if you scale it back, you might have less exploration and development, and then less oil 10 or 20 years down the line. So they want to be much more cautious about it.TOWNSEND: So, what’s next in the process?WALDHOLZ: You can think of the bill as being in stop two of six in the legislature. It’s gone to House Resources, right now it’s in House Finance, then it goes to the House Floor, Senate Resources, Senate Finance and Senate Floor. If the two bills are different, it goes to the Conference Committee and then to the Governor.So at this point, all that we really know is that the bill is certain to change.last_img read more


Mother daughter found dead in Chattogram

first_imgProthom Alo IllustrationPolice recovered the bodies of a woman and her daughter from their residence in Pathantuli area in the Chattogram city on Tuesday noon, reports UNB.The deceased are Hosne Ara Begum, 47, and her daughter Parvin, 23.Neighbours of the victims spotted the bodies inside their residence near Gayebi Mosque around 12:30 pm and informed police, said Mohiuddin Selim, officer-in-charge of Double Mooring police station.A team of the law enforcers went to the spot, he said adding that the details about the incident could not be known immediately.last_img


Hilsa fishing banned for 2 months

first_imgHilsa Fish. Prothom Alo File PhotoThe government has imposed a two-month ban on catching, selling, hoarding and transporting of hilsa from 1 March to 30 April to protect the mother fish and jatka.The ban is effective on a 100km stretch of Meghna river from Ramgati’s Char Alexander to Shatnol.From March to June, some 42,000 registered fishermen will receive 40 kilograms of food aid each.District fisheries officer Md HM Mohib Ullah said the area sees an abundance of jatka during this period.Regular drives will be conducted by fisheries office and district taskforce, police, and Coast Guard to prevent hilsa fishing.”Those who will violate the ban will face legal action,” the fisheries official said.last_img


Trump Aims To Play Salesman During Davos Economic Forum

first_imgFabrice Coffrini/AFP/Getty ImagesPresident Trump will arrive at the 2018 World Economic Forum in Davos, Switzerland, on Thursday morningPresident Trump will have some shoveling to do as he heads to snowy Switzerland this week.He’s trying to sell his “America First” brand of economic nationalism in the mecca of globalization — the World Economic Forum in the Swiss ski resort of Davos. The president will also be meeting with the head of the African Union, two weeks after he reportedly dismissed African nations in crude and vulgar terms.“The president believes we can have truly win-win agreements. America First is not America alone,” said Gary Cohn, director of Trump’s National Economic Council. “He’s going to talk to world leaders about making sure we all respect each other.”Trump will deliver a speech to the gathered leaders on Friday in which he is expected to tout his economic agenda of tax cuts and deregulation.“The president’s appearance is there to sell his accomplishments, to remind the world that we’re open for business, that we’re a competitive country,” Cohn said.Trump is the first sitting U.S. president to attend the Davos summit since Bill Clinton went in 2000.Other leaders in attendance include French President Emmanuel Macron, Indian Prime Minister Narendra Modi and Canadian Prime Minister Justin Trudeau.Trudeau used the summit to announce that Canada and 10 other countries have reached agreement on a trade pact. The deal is a successor to the Trans-Pacific Partnership, from which Trump withdrew the U.S. in one of his first acts as president.While other countries are working to lower trade barriers, the Trump administration on Monday announced new tariffs on imported washing machines and solar panels. But Cohn insists America is not giving up its place at the global economic table.“The U.S. is pulling back from nothing,” Cohn said.Trump is set to arrive in Davos on Thursday morning and will meet that day with British Prime Minister Theresa May. Earlier this month, the president canceled plans to attend the opening of a new U.S. Embassy in London.“I am not a big fan of the Obama Administration having sold perhaps the best located and finest embassy in London for ‘peanuts,’ only to build a new one in an off location for 1.2 billion dollars,” Trump tweeted. “Bad deal.” (The announcement of the move was actually made in the final weeks of President George W. Bush’s administration.)The White House said there are no hard feelings.“The president is prioritizing his meeting with Prime Minister May because we do have a special relationship” with the U.K., said Trump’s national security adviser, H.R. McMaster.Trump will also meet with Israeli Prime Minister Benjamin Netanyahu and Swiss President Alain Berset, whose country is hosting the summit.Friday’s meeting with Rwandan President Paul Kagame, who is chairman of the African Union, takes on extra significance after Trump reportedly used a vulgar slur to describe African countries during an Oval Office meeting on immigration.McMaster said Trump is eager to talk about ways to boost security and prosperity in Africa.Copyright 2018 NPR. To see more, visit http://www.npr.org/. Sharelast_img read more


Tulum coffee shop pursesnatcher caught on video

first_imgTulum, Q.R. — A purse-snatcher in a coffee shop in Tulum was captured on video discreetly walking off with a woman’s purse without her noticing.On Sunday, video surveillance from the Don Cafeto coffee shop in Tulum showed a man walking off with the purse of a woman who had placed it on a peg on a wall between her and her coffee-mate.In the video, a man of medium height wearing a blue cap, black shirt and knee-length trousers enters the shop with a small backpack in one hand and blue shirt draped over his arm.When he sees the purse, he slowly walks over and simply lifts it off the peg, hiding it under the shirt on his arm before leaving the coffee shop.The man is seen arriving with two others, all of whom are carrying bags. One of the men is seen catching the attention of the woman to look in his direction while the other quickly grabs her bag and walks out. The other two men follow him.The snatch took place Sunday around 11:23 a.m.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on WhatsApp (Opens in new window)last_img read more


Tourico Holidays reports Middle East Hotel room nights double in 2017

first_imgTourico Holidays Tourico Holidays reports Middle East Hotel room nights double in 2017Tourico Holidays reports Middle East Hotel room nights double in 2017Tourico Holidays, the world’s fastest growing wholesale travel brokerage company, today shared data reporting inbound hotel room nights to the Middle East have increased by 112 percent year-over-year in 2017.  Equally as encouraging, outbound travel from the market is on the rise, as well.  Hotel room nights sold from the Middle East are pacing at an increase of 138 percent through the end of 2017 – meaning future hotel reservations through the end of the year have more than doubled compared to the same time in 2016.Travel from China is a driving force in the market’s inbound hotel industry success.  Tourico reports a sharp increase in Chinese travel to the Middle East, marked by a 60 percent surge in hotel room nights booked so far in 2017.  Additionally, The United States has increased its hotel room nights to the Middle East by 12 percent year-over-year, while Germany (+21% YOY), Canada (+8% YOY), and South American countries (+9% YOY) have also been key contributors to the growth.“Over the past several years, it’s become obvious – the Middle Eastern hotel industry is booming,” said Ala Andriuta, the Product Director of the Middle East for Tourico Holidays.  “Hotel room nights are up, key source markets such as China and the U.S. continue to increase their demand for the region, hotel cancellation rates are down 45 percent in 2017, and Middle Easterners are booking more hotel nights than ever.”Tourico Holidays recently moved into a new facility in Business Bay, Dubai – relocating its Middle Eastern experts that were previously stationed in Europe and United States to a local office.  Since the move in November 2016, Tourico has increased its partner portfolio by over 40 percent – adding distribution clients like Al Tayyar Travel Group in Saudi Arabia, Atlas Travels in Turkey, and Satguru Travel in Dubai.The company has also just partnered with key supplier Address Hotels + Resorts, a globally recognized luxury lifestyle brand in Dubai.  Tourico will now work with Address Hotels + Resorts to sell rooms at its award-winning properties, Address Dubai Mall, Address Dubai Marina, Address Montgomerie, Address Boulevard and Palace Downtown.Year-over-year bookings of pre-purchased hotel rooms, or “ExclusiveDeals”, have increased by more than 150 percent in the Middle East in 2017, as well. Over 20 years ago, Tourico pioneered the practice of purchasing room blocks on a massive scale, and today, the strategy is a key component to the company’s growth in the Middle East market.“Adding local employees and a full sales force in Dubai has allowed us to increase our Middle East partner portfolio, but it’s also been vital in supporting those partners and ensuring we’re developing close, longstanding relationships,” said Sham Ganiwalla, the Regional Director of Sales in the Middle East for Tourico Holidays.  “The room nights influx, cancellation improvements, and distribution of our ExclusiveDeal properties are three figures we’re very proud of.”About Tourico HolidaysTourico Holidays is a leading global travel distribution company that contracts directly with travel providers, such as hotels, flights, cruise lines, attractions, car rentals, vacation homes and more. Tourico Holidays works on a high-volume, wholesale model to broker this inventory to over 4,900 clients in 100 countries using proprietary technology.Source = Tourico Holidayslast_img read more


awardsLas VegasVirtuoso Travel Week 2018

first_imgawardsLas VegasVirtuoso Travel Week 2018 Virtuoso has recognised 20 exceptional destination, cruise and lifestyle partners as well as an outstanding advisor, for her participation in Virtuoso’s Communities initiative, across three events held during the 30th annual Virtuoso Travel Week event this week at Bellagio Resort & Casino, ARIA Resort & Casino and Vdara Hotel & Spa in Las Vegas. Best Curated Travel Partner: Wilderness SafarisBest Escorted Tour Partner: TauckDestinations & Experiences Ambassador of the Year: Andrea Grisdale – IC BellagioDestinations & Experiences Partner of the Year: andBeyondBest Multi-Generational Program – Cruise: Royal Caribbean InternationalBest Culinary Experience – Cruise: Oceania CruisesMost Luxurious Guest Experience – Cruise: Crystal CruisesBest Virtuoso Voyages Experience: Barcelona by Made for Spain and PortugalBest River Cruise Line: AmaWaterwaysTourism Board of the Year: Switzerland Tourism The Community Awards were given to one advisor and one partner involved with one or more of Virtuoso’s four specialty niches: adventure, cruise, wellness and family. Most Engaged Community Member: Alicia Diez – Valerie Wilson Travel, Inc.Most Engaged Community Partner: Micato SafarisThe Alliance Partner Award winners are: Most Engaged – North America: Tourism Authority of ThailandMost Engaged – Global: Los Cabos Tourism BoardMost Innovative Alliances Partner: USA Luxury Shopping ConsortiumMost Comprehensive Advisor Program: Tourism AustraliaHottest Destination of the Year: Portuguese National Tourist OfficeTop Destination of the Year: German National Tourist OfficeAmbassador of the Year: Petra Roach, Barbados Tourism Marketing Inc.Most Innovative Lifestyle Partner: Galeries LafayetteHonorary Recognition – Virtuoso Travel Dreams Tournament Champion: PromPerulast_img read more