Agnivesh joins stir against cow vigilantes

first_imgHuman rights activist and Bandhua Mukti Morcha president Swami Agnivesh joined a massive protest here on Monday against the Alwar lynching.The protesters demanded the arrest of the cow vigilantes named in the criminal case registered in connection with the lynching of dairy farmer Pehlu Khan at Behror in Alwar district.The Communist Party of India (Marxist) also extended support to the dharna and party leaders Vasudev and Ravindra Shukla joined the civil rights groups in their demand for compensation of ₹1 crore to the next of kin of Mr. Khan and suspension of police officers for “failing to show due diligence.” Mr. Khan’s family members from Nuh in Haryana also joined the demonstration at Shaheed Smarak near the Jaipur Police Commissioner’s office here. Mr. Khan’s uncle Hussain Khan said an atmosphere of terror had been unleashed in the entire Mewat region and the people were wondering if they would be allowed to live in peace.last_img read more

Read more

Serena Williams backs Nike after maternity pay controversy

first_imgSerena Williams of the U.S. reacts after missing a shot against Vitalia Diatchenko of Russia during their first round match of the French Open tennis tournament at the Roland Garros stadium in Paris, Monday, May 27, 2019. (AP Photo/Pavel Golovkin)Serena Williams backed her sponsor Nike on Monday after controversy over the sporting goods giant’s maternity policy, saying that “it’s about learning from mistakes”.The 23-time Grand Slam champion has been the face of a Nike advertising campaign telling women to “dream crazier”.ADVERTISEMENT Trending Articles PLAY LIST 00:50Trending Articles00:50Trending Articles00:50Trending Articles02:42PH underwater hockey team aims to make waves in SEA Games01:44Philippines marks anniversary of massacre with calls for justice01:19Fire erupts in Barangay Tatalon in Quezon City01:07Trump talks impeachment while meeting NCAA athletes02:49World-class track facilities installed at NCC for SEA Games02:11Trump awards medals to Jon Voight, Alison Krauss The 33-year-old Felix had spoken out after US team-mates Alysia Montano and Kara Goucher leveled similar allegations against Nike as part of an investigation by the Times.“They told stories we athletes know are true, but have been too scared to tell publicly: If we have children, we risk pay cuts from our sponsors during pregnancy and afterward,” wrote Felix, who gave birth to a baby girl in December.The New York Times reported that Williams’ contract had been kept intact when she was pregnant with her daughter Alexis Olympia, while other women saw their pay cut in similar situations.But the 37-year-old Williams said that it was understandable it took Nike time to embrace change.“I feel like as time goes on, as technology changes and as, you know, the world changes, people realize that we have to change our policies,” she said.ADVERTISEMENT Don’t miss out on the latest news and information. Ethel Booba twits Mocha over 2 toilets in one cubicle at SEA Games venue Cayetano: Senate, Drilon to be blamed for SEA Games mess ‘Rebel attack’ no cause for concern-PNP, AFP Two-day strike in Bicol fails to cripple transport Catholic schools seek legislated pay hike, too Private companies step in to help SEA Games hostingcenter_img MOST READ View comments The company has reportedly said it will change its policy of cutting female athletes’ pay during and after pregnancy, after being widely criticized, including by American track and field star Allyson Felix.“I’m glad that statement was made, and I know that herefore and going forward, they’re doing better,” Williams said after her French Open first-round win over Russian Vitalia Diatchenko in Paris.FEATURED STORIESSPORTSPrivate companies step in to help SEA Games hostingSPORTSPalace wants Cayetano’s PHISGOC Foundation probed over corruption chargesSPORTSSingapore latest to raise issue on SEA Games food, logistics“That’s what it’s about. It’s about learning from mistakes and doing better.”According to the New York Times, Nike plans to waive performance-pay reductions for 12 months for athletes who decide to have a baby. PDEA chief backs Robredo in revealing ‘discoveries’ on drug war LATEST STORIES Mighty Sports assembles best possible team for Jones Cup, taps Rajko Toroman as deputy “And I think that Nike wanted to do that, and they started doing that. And so I think they made a really bold statement by doing that with me, and I think they’re going to — I know, actually, that they’re going to continue to make that statement.”Sports Related Videospowered by AdSparcRead Next DA eyes importing ‘galunggong’ anewlast_img read more

Read more

Tomas Rosicky included in Czech Republic Euro 2016 squad

first_imgMidfielder Tomas Rosicky, who has had an injury-plagued season, was included when Czech Republic announced their 23-man squad on Tuesday for next month’s European Championship in France.Rosicky is joined in the group by Arsenal team-mate, goalkeeper Petr Cech.Midfielder Lukas Marecek and forward Patrik Schick were the players cut from the provisional squad.The Czechs face holders Spain, Croatia and Turkey in Group D.Goalkeepers: Petr Cech (Arsenal), Tomas Koubek (Slovan Liberec) and Tomas Vaclik (Basel)Defenders: Theodor Gebre Selassie (Werder Bremen), Roman Hubnik (Viktoria Plzen), Pavel Kaderabek (Hoffenheim), Michal Kadlec (Fenerbahce), David Limbersky (Viktoria Plzen), Daniel Pudil (Sheffield Wednesday), Tomas Sivok (Bursaspor), Marek Suchy (Basel)Midfielders: Vladimir Darida (Hertha Berlin), Borek Dockal (Sparta Prague), Daniel Kolar (Viktoria Plzen), Ladislav Krejci (Sparta Prague), David Pavelka (Kasimpasa), Jaroslav Plasil (Girondins Bordeaux), Tomas Rosicky (Arsenal), Jiri Skalak (Brighton and Hove Albion), Josef Sural (Sparta Prague)Forwards: David Lafata (Sparta Prague), Tomas Necid (Bursaspor), Milan Skoda (Slavia Prague).last_img read more

Read more

Spalletti blasts Inter for not being ‘brave enough’

first_imgLuciano Spalletti criticised Inter’s passive approach as they lost 2-0 at Barcelona in Group B of the Champions League.Inter struggled to get a foothold in Wednesday’s contest at Camp Nou despite Barca captain Lionel Messi’s absence due to a fractured arm.Rafinha, who was on loan at Inter last season, gave Barca a first-half lead and Jordi Alba wrapped it up for the hosts with seven minutes remaining. Article continues below Editors’ Picks Man Utd ready to spend big on Sancho and Haaland in January Who is Marcus Thuram? Lilian’s son who is top of the Bundesliga with Borussia Monchengladbach Brazil, beware! Messi and Argentina out for revenge after Copa controversy Best player in MLS? Zlatan wasn’t even the best player in LA! And Spalletti was unhappy with the way his Inter team allowed Barca to set the game’s tempo and rhythm, with Arthur giving a midfield masterclass.”I’m sad mostly because I wanted a totally different approach in the first half,” Spalletti told reporters.”We were not brave enough to play the ball when we were in possession and we allowed Barcelona to play as they prefer.”You cannot come here to defend and try to score on one counter-attack, you need to play better with the ball if you want to achieve something in this stadium.”We didn’t show as much character compared to our first two Champions League games. We weren’t courageous enough and the opposition made the most of our attitude. We didn’t do as much as we can.”We also could have scored over the course of the game but they were stronger than us and deserved to win. They played well, passing the ball quickly and thinking fast.”Samir Handanovic made nine saves to keep the score down, while Philippe Coutinho hit the crossbar, but Barca moved three points clear at the top of Group B.Inter, though, are likely to follow Barca into the next phase as a 2-2 draw between PSV and Tottenham earlier in the day gives the Serie A side a five-point cushion in second spot.”Obviously we are happy about the result in the other game,” Spalletti added. “But we must focus on the fact that we weren’t at our best. We need to play much better next time because we are a team with ambition.”last_img read more

Read more

Desmond Howard Getting Crushed For Statement On UCF On College GameDay

first_imgDesmond Howard gives his take on ESPN.ESPN College GameDay analyst Desmond Howard is getting a bit of heat – mostly from UCF fans – for one of his statements on the network’s flagship college football show Saturday morning.Howard, talking about the chances of a non-Power 5 team making the College Football Playoff, suggested that UCF, one of the country’s current unbeaten teams, needs to schedule more “mid-level” teams in that group to get respect from the committee.Of course, UCF has scheduled a number of them – and had a few of those games cancelled. Brad Crawford of 247 Sports summed it all up pretty well.UCF fans aren’t buying Howard’s take either:Desmond Howard says on GameDay that UCF needs to start playing ‘mid-level Power 5 teams’ to start getting respect.Over the past two seasons …UCF beat Pitt by 4 TDs.UCF beat Auburn.UCF beat Maryland by 4 TDs.Games vs. UNC + Georgia Tech canceled.Those mid-level enough?— Brad Crawford (@BCrawford247) October 20, 2018″The chances are very unlikely that a Group of 5 team will ever be in the playoff”–Des H.— Medium Happy (@jdubs88) October 20, 2018@KirkHerbstreit stop spinning it to other schools like I just told @DesmondHoward UCF tries scheduling big conference schools but they won’t play us, ND barely beat PITT last week and they jump us? Oklahoma jumps us on a bye week appreciate your bias #ucfknights— LeeMC (@leemc1982) October 20, 2018@KirkHerbstreit @davidpollack47 @DesmondHoward hey, do you guys realize that P5 schools won’t agree to play us now? They refuse to play us! Ask @UCFDannyWhite only Pollack understands that issue— J. A. Mc. (@holydudejoe) October 20, 2018That said, Howard is probably right that UCF doesn’t have a chance when it comes to the playoff. The system is a bit rigged to include Power 5 teams, and until the field is expanded from four to either six or eight, it’s going to be that way.But, you never know. If UCF runs the table and a number of Power 5 champions have two losses, you could see them sneak in. It’d be a controversial decision to be sure.UCF takes on East Carolina at 7:00 PM ET tonight.last_img read more

Read more

An unsporting event

first_imgIndia registered a near-perfect World Cup campaign in the preliminary stage, defeating Sri Lanka comfortably to register top place which was affirmed after Australia lost to South Africa in the last game of the league stage. However, amidst this sweet victory, there was a sour taste that invaded the sporting event. Multiple intrusions by a small aircraft that flew over Headingley Stadium, Leeds during the match between India and Sri Lanka saw politically influenced messages casting a lull over the crowd. The first message floated by the aircraft read “Justice for Kashmir” as the third over of the match was in procession. With many considering it a one-off incident, the aircraft reappeared as the match got tense in the 17th over. This time the aircraft carried the message “India stop genocide, free Kashmir”. With an innings passed and India now batting to reach a modest total of 264 set up by Sri Lanka, the aircraft once again circled the stadium floating the message “Help end mob-lynching in India”. With three politically influenced messages floating over the stadium as India marched to victory, the crowd gasped to the surprise intrusion. Well, it was not that surprising considering how previously in the match between Pakistan and Afghanistan, a similar aircraft had hovered over Headingley displaying the message “Justice for Balochistan” and spurring controversy. Though ICC had then assured prevention of any such activity in collaboration with the local police. It had declared that it does not condone any sort of political messages at the ICC World Cup and get to the bottom of the incident whilst ensuring that a repeat of the same remains off charts. But Saturday’s match is where ICC failed to prevent such a mishap. Broadcasters for the World Cup live-streamed the aircraft carrying political messages to every corner of the globe as everyone’s attention was directed to India and its misery with mob-lynching and Kashmir. Perpetrators chose the right stage to display their thoughts since the entire world saw but sadly disrespected the sporting world in a bid to express their scorn. ICC was quick to issue a statement regarding the incident asserting their utter disappointment at the incident. They reiterated how they do not condone any sort of political message at the sporting event and expressed disappointment at how assurance provided to them by the local police had failed. ICC must enquire the happenings and work with the police to avoid any kind of repeat considering three crucial games are yet to be played. The local police must expedite its investigation to narrow down perpetrators and subject them to punitive measures for this is no simple altercation but abject accusation on the face of a country visiting Great Britain to play Cricket which is supposed to be bereft of any political influence. For that matter, even Pakistan was victimised in a similar manner and irrespective of the political situation prevailing in Pakistan, the slogan hovering in the sky was not justified, and never will be. Sloganeering has always been the fundamental way of protesting but intruding a global sporting event is taking it to another level. The slogans raised against India during the match on Saturday only display the lack of respect these protestors have for sporting processions. Time and again, sports has been viewed as different from politics. If sports went by political terms, India would have never played against Pakistan; there were rumours prior to World Cup that India may bid to ICC to boycott the match but sporting spirit was given precedence and no such thing happened. Also Read – A compounding difficultyThe failure of precautionary measures only highlights the sense of priority given towards the prevention of such a thing. What the slogans read and its validation is another story which comes second to its very existence in the event. If internal conflict or issues specific to a nation were displayed in full vigour at sporting events, we would have many more aircraft carrying eye-opening slogans and directing global attention towards alleged atrocities. But same is not the case since sporting events are not staged for global dispute settlement and neither are they a platform for mere discussion. While perpetrators got the global eye, they did not do justice to the sporting event hosted by Great Britain and directed great disrespect towards the Indian community and the nation itself. Such displays are condemnable since they blemish the fabric of sports stitched to pronounce sportsmanship and competitiveness amongst nations and produce an environment deprived of political messages and proceedings.last_img read more

Read more

Ranks of seniors catch up pass young people in Canada census numbers

first_imgOTTAWA – Paul Kershaw loves his 72-year-old mother and his 101-year-old grandmother.But they represent a growing challenge for the country, and Kershaw, 42, will be counting on younger age groups to protect and support the services that seniors need as Canada bears witness to a historic greying of its population.The next batch of numbers from the 2016 census, due Wednesday, is expected to show that thanks to aging baby boomers, there are as many seniors in Canada as young people, if not more — the first time in Canadian history that has been the case.There is also likely to be a jump in the number of centenarians, including Kershaw’s grandmother, showcasing another trend the age and sex data from Statistics Canada will confirm: Canadians are not only getting older, but also living longer.Wednesday’s release ought to trigger a national discussion about the challenges Canada faces in the coming years, said Kershaw, an associate professor in the school of population and public health at the University of British Columbia.Those include how best to serve the growing needs of the elderly, how to make sure the younger generations don’t get swamped in the wake of the boomers and how far government policy should go when it comes to keeping people in the workforce.Federal spending on seniors’ benefits is expected to climb from $51.1 billion this fiscal year to $63.7 billion by 2022 — a $12.6-billion increase that easily outstrips a decade of planned Liberal spending on a national housing strategy or child care.That increase, about 5.7 per cent a year, also dwarfs even the most bullish economic growth projections, warned Kershaw, the founder of the group “Generation Squeeze,” which seeks to engage young people in politics.“We still need to have this important conversation in Canada about the degree to which we are using the vast majority of our economic growth each year to be covering the costs of an aging population.”Demographics, by their very nature, are slow-moving; Wednesday’s numbers will yield few surprises, since people age and die in predictable patterns. But their slow-moving and predictable nature makes them easy to ignore, demographers warn.The figures will add another dimension to the portrait of Canada the five-year census began painting earlier this year with the release of the country’s overall population figures. Additional layers will be added throughout the year, including family, household and marital status data in August; immigration and Aboriginal Peoples numbers in October; and figures detailing education, jobs and work patterns in November.On Wednesday, experts and policy-makers will be looking for clues about which age cohorts are growing, which are on the decline, where various age groups are choosing to live and the type of housing they prefer.Wednesday’s numbers are expected to show that on census day 2016, which was May 10, the percentage of those over 65 was roughly equal to the percentage of those aged 15 and under.Such a shift would be a dramatic and historic swing from the height of the baby boom 50 years ago, when seniors comprised less than eight per cent of the population and the youngest cohort was 34 per cent, said Doug Norris, chief demographer at Environics Analytics.Nonetheless, the census figures are expected to show Canada remains one of the youngest countries in the G20, Norris said.“Canada is aging more than many other countries, but we’re still at a lower level, even with that faster change, than certainly most European countries,” said Norris, who spent three decades at Statistics Canada.“There may be some things we can learn from countries that are dealing with the kind of population we’re going to face in another decade or two.”Some of those lessons are already being put into practice: urban planners are thinking about how to build a city that allows Canadians to age in place by staying in their homes as long as possible. At the same time, businesses and governments are thinking about ways to keep people in the workforce longer, including incentives for individuals to retire later than 65 and incentives for businesses to hire young and old.With more Canadians living longer, older baby boomers are finding themselves caring for elderly parents, adult children and grandchildren, said Michael Haan, an associate professor in the school of sociology at Western University in London, Ont.The trend may carry over to their children, Haan added: the boomers are expected to be one of the longest-lived generations of Canadians ever.“This is really incredible, and it’s unprecedented historically because people have never lived this long.”— Follow @jpress on Twitterlast_img read more

Read more

Disney to unveil latest Star Wars character via augmented reality app next

first_img LEAVE A REPLY Cancel replyLog in to leave a comment Advertisement Advertisement Facebook In Canada, participating retailers include Best Buy, The Hudson’s Bay Company, Walmart and Toys R Us.Using the Star Wars app in 20,000 participating locations in 30 countries, fans can snap photos of the Find the Force symbol to find old favorites, like Admiral Ackbar, and discover a new character from The Last Jedi too.Force Friday II runs from Sept. 1 through Sept. 3. The Last Jedi blasts off on Dec. 15. Advertisementcenter_img Login/Register With: Star Wars fans may get a glimpse of the next BB-8 via a promotional app next month that promises an augmented reality experience. (Associated Press) Star Wars: The Last Jedi is still a few months away from hitting theaters, but BB-8-happy fans are about to get a glimpse at a new character as a part of a three-day marketing rollout of toys and products inspired by the film.The Walt Disney Company said Thursday that the global event, dubbed Force Friday II, will feature an augmented reality treasure hunt called Find the Force.Fans can download an app and use it to find logos at various retailers and the app will then unlock augmented reality character experiences. Twitterlast_img read more

Read more

Crunch time for Whistling Gardens

Norfolk council was called on this week to intervene in another long-running problem involving the county’s planning department.This one involves Whistling Gardens in Wilsonville and its campaign to host weddings, concerts, receptions and hospitality events.From 2013 to 2017, the county granted Wanda and Darren Heimbecker — owners of the 20-acre botanical garden — special occasion permits for events of this sort. Recent events included musical performances by Sarah Harmer and Ron Sexsmith.Planning staff recommended an end to these permits after receiving an inquiry from a community member.The Heimbeckers staged no events last year but would like to resume doing so this summer. Planning staff recommends an Official Plan amendment and zoning change to recognize these uses in the agricultural zone.The Heimbeckers want to comply. To date, they have spent more than $50,000 on environmental studies but to no avail. They are some distance from meeting the county’s criteria with garden party season set to begin.As a temporary solution, the Heimbeckers came to council Tuesday seeking a return to special-event permits.“That’s for the short-term,” Darren Heimbecker said. “That’s the Band-Aid for the time being.”The Heimbeckers also wanted to know why the county approved events like theirs as a right last year in the agricultural zone in the Lakeshore Special Policy Area. This is where many of Norfolk’s wineries and breweries are located.Norfolk has flagged the lakeshore as a primary zone for agri-tourism. The county approved the Official Plan amendment and zoning bylaw along the lakeshore at the request of the Ontario South Coast Wineries and Growers Association.“The proposal includes updates for restaurants, weddings, receptions and concerts to be permitted,” staff’s report on the change said last year.“We just want to be included under the same umbrella they have,” Heimbecker said.At Tuesday’s meeting, Mayor Kristal Chopp wanted to know why council couldn’t extend these privileges to Whistling Gardens, which is located in the north end of the county north of Waterford.Harry Schlange, Norfolk’s interim CAO, cautioned that “doing policy on the fly” is not a good idea.Senior planner Shannon Van Dalen noted that the Ministry of Municipal Affairs and Housing approved the creation of the lakeshore policy area and also approved the amendment that allows restaurants, hospitality events, concerts and the like in this area. A similar approval process is required, Van Dalen said, for similar approvals outside this area.Windham Coun. Chris Van Paassen expressed frustration with a planning process that forces property owners to spend thousands of dollars and wait for years for permission to stage community events on their land.“Someone is asking for permission for something they were doing for five years,” Van Paassen said. “They’re not here asking forgiveness for something that was illegal. And they have spent more than $50,000 on studies that, to my mind, mean nothing.”Van Dalen promised council that Norfolk’s planning department will continue working with the Heimbeckers toward a solution. Port Dover Coun. Amy Martin wondered if that is the problem.“The landowner has been working with the county,” Martin said. “My concern is we’re not helping.”Council supported Waterford Coun. Kim Huffman’s request that staff come to next week’s council meeting with a road map for securing Whistling Gardens the same rights as wineries, breweries and distilleries along the Norfolk lakeshore.“I hope we can appreciate the time sensitivity of this,” Mayor Chopp said. “The tourist season in Norfolk is even shorter than it is in other places.”Huffman agreed.“We are in crunch time,” she said. “It is the middle of April.”In support of their request, the Heimbeckers have collected more than 300 endorsements from national, provincial and local horticultural organizations.As for past or potential conflicts with neighbouring property owners, the Heimbeckers say there have been no complaints and that many of their neighbours attend their functions.MSonnenberg@postmedia.com read more

Read more

UN mission in Lebanon aids civilians as fighting persists

With heavy fighting between Israel and Hizbollah continuing in Lebanon today, the United Nations Interim Force (UNIFIL) there continued providing aid to civilians while protesting to both sides for firing near its positions.There were two incidents of firing close to UNIFIL positions from the Israeli side in the area of Marwahin and Deir Mimess in the past 24 hours. At the same time, it was reported that Hizbollah fired from the vicinity of six UN positions at Tibnin (2), At Tiri, Beit Yahoun, and Alma Ash Shab (2). UNIFIL “strongly protested all these incidents to the Israeli and Lebanese authorities respectively,” the mission said. Last week, a UN post was destroyed during an Israeli bombardment, leaving four dead. While the remains of three have been recovered, the search operation for the body of the fourth Observer Group Lebanon (OGL) military observer in Khiyam remains suspended, because UNIFIL is not able to reach the position and bring heavy engineering equipment to remove the debris.The UNIFIL engineering team from China completed a search operation in the Hosh area of Tyre, and recovered the remains of one adult and one child from the debris.UNIFIL provided a humanitarian escort and transportation to a group of 421 Lebanese civilians from a UN position in the area of Al Duhayra to Tyre. Six civilians were also transported from UNIFIL headquarters in Naqoura to Tyre. UNIFIL medical teams provided assistance and treatment to three civilians, including one child, who were injured during the shelling at the Ain Arab village. One wounded woman was evacuated from the village of Ain Arab to the hospital in Marjayoun. Another two injured civilians received medical treatment at the UNIFIL hospital in Naqoura and were subsequently evacuated to Tyre.The mission’s Indian battalion provided assistance and escort to the Electricity Department in Marjayoun to repair and restore the power supply, and to the local authorities in Ibil as Saqi and El Meri to restore power and water supply to the villages in that area. read more

Read more

Market access greatest challenge facing oil and gas producers CAPP

by News Staff Posted Jan 3, 2013 11:36 am MDT The Canadian Association of Petroleum Producers says finding new markets for energy products is the top priority for the industry in 2013.Spokesperson Travis Davies tells 660News, firms not only need to try and boost energy exports south of the border, but to central and eastern Canada and overseas to Asia.Davies adds securing new markets and boosting exports will help close the gap on the prices Canadian producers are getting for their oil and gas.Despite numerous challenges facing the industry, Davies says there is much optimism heading into 2013, especially for the first quarter. Market access greatest challenge facing oil and gas producers: CAPP AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email read more

Read more

IMF offers Ukraine up to 18 billion in loans UN condemns Crimean

AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email IMF offers Ukraine up to $18 billion in loans; UN condemns Crimean vote by Peter Leonard, The Associated Press Posted Mar 27, 2014 2:35 am MDT Former Ukrainian Prime Minister Yulia Tymoshenko, speaks during press conference in Kiev, Ukraine, Thursday, March 27, 2014. Tymoshenko has announced on Thursday she will run for presidential elections set for May 25. Tymoshenko, who was released from jail last month following the overthrow of President Viktor Yanukovcyh, said Thursday that she has earned the moral right to say she will combat corruption. (AP Photo/Sergei Chuzavkov) KIEV, Ukraine – The world rushed Thursday to help Ukraine, with the International Monetary Fund pledging up to $18 billion in loans, the U.N. condemning the vote that drove Crimea into Russian hands and the U.S. Congress backing even harsher sanctions against Russia.Yet even with such intensive help to prop up the teetering economy, Ukraine’s prime minister warned of painful times ahead from economic reforms that were sure to drive up energy prices.Meanwhile, Yulia Tymoshenko, one of the country’s most divisive figures, announced she would run for president — a move sure to impact Ukraine’s turbulent politics.President Barack Obama called the swell of international support a “concrete signal of how the world is united with Ukraine.”“The decision to go forward with an IMF program is going to require a lot of courage,” Obama said, speaking in Rome. “It will require some tough decisions.”In a passionate address to parliament in Kyiv, Prime Minister Arseniy Yatsenyuk warned that Ukraine was “on the brink of economic and financial bankruptcy” and laid out the fixes needed to put the country back on track.“The time has come to tell the truth, to do difficult and unpopular things,” Yatsenyuk said, adding that Ukraine was short $25.8 billion — “equivalent to the entire state budget for this year.”The IMF loan, which is expected to range between $14 billion and $18 billion, hinges on structural reforms that Ukraine has pledged to undertake.Ukraine’s new government finds itself caught between the demands of international creditors and a restive population that has endured decades of economic stagnation, corruption and mismanagement.The reforms demanded by the IMF — which include raising taxes, freezing the minimum wage and hiking energy prices — will hit households hard and are likely to strain the interim government’s tenuous hold on power.Ukraine, a nation of 46 million, is battling to install a semblance of normalcy since President Viktor Yanukovych was ousted in February after months of protests ignited by his decision to back away from closer relations with the EU and turn toward Russia. Over the last few weeks, an interim government has formed, Ukraine lost Crimea to Russia and further possible military incursions by Russia are feared.“This is a kamikaze government that perfectly well understands that there is no other way to stabilize Ukraine,” said Viktor Zamyatin, analyst with the Kyiv-based Razumkov Center think-tank . “The catastrophic state of Ukraine’s economy has forced the government’s hand.”But he said it could pay a steep price.“It is hard to explain to the voter that the worsening of the economy has happened not because of the revolution, but because of Viktor Yanukovych’s policies,” he said.One unpredictable source of potential unrest comes from the nationalist Right Sector movement, which rallied hundreds of protesters outside parliament on Thursday in a demand for Interior Minister Arsen Avakov’s resignation following the killing this week of one of their leaders. The group played a key role in bringing about Yanukovych’s ouster.“The power is trying to rob our victory from us. But it is we that should be dictating terms, and we have the means to do this,” declared 31-year-old Anton Turilo, who was wearing a helmet and camouflage gear.In Washington, Congress overwhelmingly backed legislation in the House and Senate to aid cash-strapped Ukraine and punish Russia for its annexation of Crimea.On a voice vote, the Senate approved a measure that would provide $1 billion in loan guarantees to Ukraine and give Obama broad authority to impose more sanctions on Russia and President Vladimir Putin’s inner circle.The House endorsed a different version on a 399-19 vote that also provides assistance to Ukraine and penalizes Russia. Lawmakers hope to send a single bill to the White House for Obama’s signature by week’s end.Sen. Bob Menendez, D-N.J., chairman of the Senate Foreign Relations Committee, said the votes were “critical for President Putin to hear.”“We are in a dangerous moment in history with global consequences and the world is watching,” he said.Meanwhile, in a sweeping rebuke of Moscow, the U.N. General Assembly overwhelmingly affirmed Ukraine’s territorial integrity and deemed the referendum that led to Russia’s annexation of the Crimean Peninsula illegal. The vote was 100 in favour, 11 opposed and 58 abstentions.Russia shrugged off the torrent of criticism, announcing it would set up its own payment system to rival Visa and MasterCard after the two companies pulled their services from some Russian banks in the wake of international sanctions.Tymoshenko, who was released from prison last month following the overthrow of her fierce rival Yanukovych, is variously admired as an icon of democracy or detested as a self-promoting manipulator with a shady past.This will be the 53-year-old Tymoshenko’s second attempt to win the presidency. She narrowly lost to Yanukovych in 2010 and spent two years in jail on charges that many in the West considered politically motivated.“I will be the candidate of Ukrainian unity,” Tymoshenko said in announcing she would contest the May 25 election. “The west and centre of Ukraine has always voted for me, but I was born in the east.”While western regions of Ukraine favour closer ties to Europe, the eastern part of the politically divided nation has long aligned with neighbouring Russia.Still, the dire state of the economy is an unavoidable issue: Ukraine’s Finance Ministry has said it needs $35 billion over the next two years to prevent default.The IMF said recent economic policies have drastically slowed Ukraine’s growth and brought foreign currency reserves to a “critically low level.”“Ukraine’s macroeconomic imbalances became unsustainable over the past year,” the IMF said.One immediate reform will be to let gas prices for households float up to become more in line with market prices. Ukraine for years has relied on discounted gas from Russia and then subsidized that further, so that residents are used to extremely low energy prices. Russia has abandoned the discounts and Ukraine’s government cannot afford the extra subsidy.Other donors, including the European Union and Japan, have already pledged further aid to Ukraine, conditional on the IMF bailout and reform package. The total amount of international assistance will be about $27 billion over the next two years.Separately, the 28-nation EU has prepared a wider aid package including loans and grants for Ukraine expected to total more than $10 billion over the coming years.___Yuras Karmanau in Kyiv, Ukraine, Nataliya Vasilyeva in Moscow, Juergen Baetz in Brussels, and Deb Reichmann and Donna Cassata in Washington contributed to this report. read more

Read more

Plugin hybrid and fuel cell vehicles champions of advanced propulsion

Electrification and hydrogen fuel cell technology will both be instrumental in powering vehicles in the near future. This was the message delivered as Kevin E Layden, Global Director of Powertrain Engineering for Ford Motor Company, and Frank Meijer, Head of Fuel Cell Electric Vehicle at Hyundai Motor Europe, debated strategies for advanced propulsion at the 2014 SMMT International Automotive Summit.In the debate, Layden stated that Ford is planning an onslaught of hybrid, plug-in hybrid and pure electric vehicles in Europe by 2016. It expects that the plug-in hybrid system will be Ford’s ‘champion’ powertrain among its alternatively-fuelled vehicles, with the company having already driven 270 million miles using the technology.Crucially for the manufacturer, Ford expects to have driven down the cost of electric technologies by 80% before 2020. It has chosen Dunton Technical Centre in the UK as one of two global hubs for the development of electric powertrains.Layden also hinted that, when Ford has the technology in place, it will substitute the internal combustion engine for hydrogen fuel cell technology.Hyundai has already developed four generations of hydrogen fuel cell vehicles, with its most recent having entered mass production in Korea; it boasts a 370 mile range and a refuelling time of just a few minutes. The manufacturer expects to invest nearly 18 million euros across Europe over the next 16 years. Meijer also suggested that by 2020 there will be 26 hydrogen refuelling centres in the UK.Hyundai is a member of Hyfive, a consortium of five vehicle manufacturers which is trialling 110 vehicles in six major cities across the world.Have your say on Twitter using #SMMTsummit.Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window) read more

Read more

Speaker series to wrap with trans inclusion talk

Brock’s Equity in Post-Secondary Speakers Series wraps this week with a presentation on trans inclusion.Tai Jacob’s lecture, titled Gender Blender: Discussing Trans Inclusion in the Academy, will take place Wednesday, March 28 from 5 to 7 p.m. in the Student Justice Centre, TH 252.A master’s student in Human Geography at McGill University, Jacob will speak about the possibilities and limits of trans inclusion on university and college campuses, what that may look like materially and structurally, and why it’s important to be critical of certain discourses on inclusion. Jacob’s talk is free to attend and open to everyone.The Equity in Post-Secondary Speakers Series took place throughout March and featured guest lecturers who inspire solutions to prioritize inclusion on university campuses.For more information on the event or for accommodation requests, contact Michelle Poirier at x6859 or humanrights@brocku.caThe speakers series is in partnership with Brock University Graduate Students’ Association, BUSU Advocacy, BUSU Student Justice Centre and Brock University Faith and Life Centre. read more

Read more

Domestic abuse victims turning to civil courts because police are failing to

Coercive control can take many forms with the victim often being cut off from their friends and family, having their financial independence withdrawn and even being told what to wear and how behave.The Government is now facing calls to pay for the training for police officers itself, rather than leave it to cash-strapped police forces that are facing a range of competing priorities. Harry Fletcher, a victims’ rights campaigner who helped draft the coercive control legislation, said the Home Office should fund the training for all police officers in England Wales.He said: “The reason that the number of prosecutions is so low is almost solely down to the failure to train the police properly.”At the moment police forces need to find the money themselves and many cannot afford to do so. That is the wrong message to send to the victims. The Home Office must fund this training themselves.” Domestic abuse victims are increasingly turning to the civil courts for protection because the police are failing to enforce the law of coercive control, it has emerged.Three years ago it became an offence for a person to psychologically abuse their partner by restricting their freedom or forcing them to behave in a certain way.The issue gained national prominence following a high profile storyline in Radio 4 soap, The Archers, in which character, Helen Titchner, was subjected to appalling mental torture by her controlling husband, Rob.The gripping drama was credited with helping to bring the often hidden problem out into the open, and also encouraging many victims to come forward and report the abuse.But despite more than 4,200 complaints being made to police last year across England and Wales, less than ten per cent of those cases resulted in prosecutions with even less ending in convictions. Victims groups are concerned that a lack of training by police forces means officers are ill equipped to spot or deal with incidents when they arise.Many victims are instead applying to the civil courts for non-molestation orders – an injunction aimed at preventing a partner or ex-partner threatening or harassing them. Peter Dodd, a partner at the law firm Nockolds, which obtained the Ministry of Justice figures, said: “Three years after the new domestic abuse law for ‘controlling or coercive behaviour’ was introduced and a large proportion of police forces appear to be poorly trained and inadequately equipped to bring prosecutions.“A number of police forces have said that they will prioritise hate crimes, implying that other categories of crime will not receive the same level of resource.”I have dealt with a number of domestic abuse cases in recent months where we obtained non-molestation orders in the civil courts because we knew that the police would be unable or unwilling to bring criminal charges.  “This is an access to justice issue. Non-molestation orders can be effective but there is usually a cost involved as most victims want legal representation. “The concern is that victims who lack the resources to obtain orders from the civil courts may be left in the hands of their abusers.”Most domestic murders have a component of controlling or coercive behaviour, so it shouldn’t be the case that victims feel they have to obtain justice for themselves by not asking the police for the protection they should be afforded.” 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. According to Ministry of Justice data, the number of non-molestation orders granted last year was 25,707, up almost 10 per cent on 2016 and the highest level for a decade.But the legal process can be expensive costing up to £10,000 if the abuser disputes the action, leaving many victims without an option. read more

Read more

Mer des Wadden des espèces exotiques mettent en danger son écosystème

first_imgMer des Wadden : des espèces exotiques mettent en danger son écosystème Dans un récent rapport, le Programme des Nations Unies pour l’environnement (PNUE) s’inquiète de la multiplication d’espèces exotiques d’algues, de moules et de méduses dans la mer des Wadden, située le long des côtes néerlandaises et danoises. Une prolifération qui menace l’écosystème d’une zone dont une partie est classée au patrimoine mondial de l’Unesco.Introduites volontairement ou non, ces espèces exotiques se multiplient et pourrait entraîner un déséquilibre de l’écosystème local. Comme le souligne le PNUE dans un communiqué, “nombre de ces espèces sont considérées comme envahissantes et représentent un danger pour l’écosystème. Elles constituent une véritable menace pour la biodiversité et pourraient devenir un problème sérieux pour la santé humaine”.Les algues, moules et méduses font partie des espèces les plus dangereuses pour l’environnement. Ainsi, l’algue Spartina qui a été introduite dans la mer des Wadden pour développer les marais salants, a proliféré de façon particulièrement rapide, et constitue aujourd’hui une menace pour tout l’écosystème de cette mer épicontinentale classée au patrimoine mondial de l’Unesco.Les huîtres du Pacifique, elles aussi introduites volontairement dans la mer des Wadden au début des années 1990, ont empêché la moule bleue de se développer et ainsi provoqué une pénurie d’alimentation pour les oiseaux qui se nourrissent uniquement de ce mollusque local. Quant à la méduse Mnemioposis leidyi, originaire de l’océan Atlantique, elle a été découverte il y a quatre ans en mer des Wadden. D’après le PNUE, cette espèce aurait été amenée par l’eau contenue dans les ballastes des bateaux de marchandises. Se nourrissant de plancton, d’œufs de poissons et de crustacés, elle menace elle aussi la biodiversité locale. La mer des Wadden abrite un écosystème tempéré de zones humides côtières, engendré par des interactions physiques et biologiques particulièrement complexes, souligne l’Unesco. Cet écosystème intertidal est l’un des derniers où les processus naturels se déroulent encore à grande échelle, et de manière peu perturbée. La zone accueille une multitude d’habitats rares, et notamment de transition, tels que des chenaux à marée, des bancs de sable, des prairies d’herbe marines, des moulières, des vasières, des marais salés ou encore des estuaires, des plages et des dunes.Le site héberge de nombreuses espèces végétales et animales, dont des mammifères marins tels que le phoque commun, le phoque gris et le marsouin commun. Plus de 12 millions d’oiseaux hivernent, se nourrissent ou se reproduisent sur cette zone qui abrite vingt-neuf espèces d’oiseaux et accueille plus de 10% de la population migratrice mondiale.Le 2 septembre 2010 à 18:27 • Emmanuel Perrinlast_img read more

Read more

Finn Balor comments about his injury on Twitter talks about when he

first_imgRecommended videosPowered by AnyClipSeth Rollins Defends WWE On Two Separate OccasionsVideo Player is loading.Play VideoPauseUnmuteDuration 0:30/Current Time 0:05Loaded: 100.00%0:06Remaining Time -0:25 FullscreenUp NextThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.Replay the list 2 COMMENTS Are Becky Lynch And Seth Rollins Dating? Pinterest When the bell rang, I had won, I was the Champion, but I was reluctant to celebrate as I already knew in my heart what awaited at Raw— Finn Bálor (@FinnBalor) August 28, 2016 The most difficult part of relinquishing the title was when I came back through the curtain and I was over come by a feeling of inadequacy— Finn Bálor (@FinnBalor) August 28, 2016 WhatsApp Tuesday at 3am I traveled to Birmingham Alabama.Dr.Dugas prepped me for surgery as a photo of Seth Rollins watched over us.— Finn Bálor (@FinnBalor) August 28, 2016 Disappointed yes, but I was CHAMPION and I was not missing an opportunity to fulfill my duty and appear on @GMA Monday morning.— Finn Bálor (@FinnBalor) August 28, 2016 Twitter After hours of scans & despite some hope, the worst was confirmed at 5pm Monday.I would need surgery ASAP & relinquish the title on Raw— Finn Bálor (@FinnBalor) August 28, 2016 Wednesday morning at 5am I awake after the surgery groggy and sore. The gravity of the situation began to set in.Rehab will start at 9am.— Finn Bálor (@FinnBalor) August 28, 2016 Gerald Bocook August 29, 2016 at 11:37 am What was supposed to be a 1hr surgery turned into 4hr, as once I was opened up ,the Dr found a lot more to the injury the the scans showed— Finn Bálor (@FinnBalor) August 28, 2016 Now Playing Up Next Google+ Thursday 5am fly back to Orlando, check-in with Performance Center medical staff & we begin planning The Comeback pic.twitter.com/luZNst9Xhe— Finn Bálor (@FinnBalor) August 28, 2016 Jason Namako RELATED ARTICLESMORE FROM AUTHOR Despite every emotion I had felt the previous 24 hours…I was still the CHAMPION. That gave me strength.Now I was not….— Finn Bálor (@FinnBalor) August 28, 2016 Videos Articles Seth Rollins WWE announces Elias will withdraw from the King of the Ring tournament due to injury Kurt Angle August 29, 2016 at 12:00 pm Now Playing Up Next WWE Universal Champion Seth Rollins discovers his siblings through a 23andMe DNA test Former WWE Universal Champion Finn Balor posted the following series of tweets on his Twitter page on Sunday giving his detailed thoughts on his torn labrum injury that he suffered during his match with Seth Rollins at SummerSlam, the surgery that followed earlier this week and the beginnings of his road to recovery and eventual return to the ring.What a rollercoaster week.I woke up the morning of Summerslam with nothing but positivity & feeling physically better than ever— Finn Bálor (@FinnBalor) August 28, 2016 Videos Articles WWE Lists The Shields Top 10 Wins WrestleMania Could Be Biggest Ever Comments are closed. Now Playing Up Next When the bell rang, I had won, I was the Champion, but I was reluctant to celebrate as I already knew in my heart what awaited at Raw— Finn Bálor (@FinnBalor) August 28, 2016 Now Playing Up Next 180* labrum tearThorn bicep and pectoral tendonCartilage damage& Fracture to the glenoid neck socket(I have it in a jar on my dresser)— Finn Bálor (@FinnBalor) August 28, 2016 WWE Clash of Champions Results – 9/15/19 (Rollins vs. Strowman, Kingston vs. Orton) Seth Rollins Defends WWE On Two Separate Occasions Videos Articles Now Playing Up Next The moment I got injured I knew it was serious, it was an instinctive reaction to pull on my wrist, I entered survival mode.— Finn Bálor (@FinnBalor) August 28, 2016 Good lord, that’s quite a litany of injuries. DeeTrain Facebook Cesaro I don’t like to see anybody suffer an injury, but this was the wrong guy to see this happen to. I can’t imagine his disappointment having to relinquish the Universal title 24 hours after his PPV debut. I can’t help to think that Seth Rollins should be a little at fault here for being a tad reckless in the ring. If you remember he injured Sting about a year ago with that powerbomb into the turnbuckle. But I’m sure Finn will work hard to get back and he will once again put on a show for us all. Cesaro Hopeful WWE Will Reunite The Barlast_img read more

Read more

Puel disappointed with Palace defeat

first_imgLeicester City manager Claude Puel has blamed their lackluster first half performance for their 1-0 loss at Crystal Palace.Luka Milivojević’s long-range shot six minutes before the break was the difference on Saturday.Leicester hit the post in the second half after being crucial save by palace keeper Vicente Guaita as they tried to equalize.“Disappointed I think is the right word, of course,” Puel told the club’s website.“I think this team played with strong pressing and put us under pressure. We had difficulties to start with the ball, to find space and to find good moves behind their defenders.harry maguire, manchester UnitedMaguire says United need to build on today’s win George Patchias – September 14, 2019 Harry Maguire wants his United teammates to build on the victory over Leicester City.During the summer, Harry Maguire was referred to as the ultimate…“We played a poor first half without the right intensity and we conceded a great goal. It was tough for us without the positive attitude in our game. [In the] second half, we played better with a good intensity, the right intensity, good play, good moves.“We had three or four chances to score and I think we deserved to come back into the game.“The fair result for me was a draw and we were unlucky in the second half. I regret our first half without the right intensity, the right ingredients.“We allowed them to start well and score the goal. I’m disappointed about this and the inconsistency in our game.“We made our reaction with a good second half but to get the points we needed to play the full game.”last_img read more

Read more

Get the Most Out of Your Ad Network

first_imgDon’t Limit Yourself to One NetworkTo maximize results, publishers should consider working with multiple networks, says Derek Reisfield, chairman of BBN Networks Inc., a b-to-b ad network. “Some ad networks really approach it like moving volumes of inventory and see it as a commodity and not differentiated,” he adds. The less differentiated it is, the easier it sells, but at a lower price. “Some networks can package your inventory in a way that’s not a premium you get by selling directly, but at a premium to commodity type in the marketplace,” adds Reisfield. “You can get fairly good rates out of that, but it’s harder to sell volume so you probably need to build multiple layers of ad networks to maximize how you will serve those ads.”It’s also important to learn as much about where the ads will be served, as this has led to various problems across the industry. Some networks provide a reach of 400 to 500 sites, which can be valuable to advertisers looking to reach a mass audience. Others are on the smaller scale and provide exclusivity.CPMs vary wildly in the ad network arena. They can be as low as a few dollars and upwards from there. Complex Media’s CPMs start at $15 and go up depending on whether there are rich media units or other factors, Antoniello says. Some of BBN’s products have rates well in excess of three figures, according to Reisfield. Use It or Lose ItPublishers have to realize that an unused ad impression is a perishable asset. “As soon as that impression is served—if it’s not served with a purpose—it’s gone,” Reisfield says. “It’s like an airline seat—if you don’t board the plane, it’s gone. You may decide you don’t want to sell at x price, but that’s an asset and you need to do something with it.”There are several things a publisher can do to manage ad inventory that goes beyond just setting a price, Reisfield says, sticking with the airline analogy. “What the airlines do is very sophisticated at this point,” he says. “When you start understanding the different levers they can pull, you think about business in a different way.” Like airlines, publishers can boost inventory at times of peak demand, by increasing the number of impressions generated and increasing the CPM.What To AvoidThere are some potential pitfalls to avoid when choosing to participate in an ad network too. “Ad networks arbitrage inventory and data and compete head-to-head with your own direct sales efforts against the same client lists,” says Kirk McDonald, president of Time Inc. Digital. McDonald launched and oversees Time Axcess, a branded network solution offered by Time Inc.McDonald says some of the deals out there are flat-out bad for business. “For less sophisticated buys, that don’t put value on the brand associations and audience context, ad networks can seem like a good deal,” he says. “These buyers are missing the appreciation of audience in context and the emotive value inherent in advertising. This trend to push algorithms to answer complex media placement questions drives commoditization in digital display media. This is bad for publishers today and eventually bad for buyers tomorrow.”McDonald’s solution is to highlight the complementary relationship between the buying based on audiences and the buying based on placement and sponsorships. “It’s not an ‘either/or’, it is an ‘and’,” he says, “and publishers can and should provide both to their valued clients.”SIDEBARSemantic Ad TargetingThe new trend in online advertising is semantic targeting, which uses technology to understand in a broad and deep way the meaning and sentiment of text, according to James Oppenheim, chief marketing officer of tech firm Peer39, a specialist in this field. “We can go to a page of text and understand what the page is about on a very high level,” he says.The key to semantic targeting revolves around the basic principle that advertising does better when a message of advertising is in harmony with the content of the page. Oppenheim compares semantic targeting to contextual targeting, which he says is key-word-driven and -based, and therefore, limited. “Everyone has seen ads that have funny adjacencies,” he says, noting golf ads surrounding the Tiger Woods scandal, for example. “All of these challenges in the contextual arena negatively affect ad results. When advertisers have less than good results because of this, it drives CPMs down. You don’t have advertisers spending more for poorly targeted ads.” Oppenheim says semantically targeted ads command higher CPMs, have greater reach and deliver higher results. The ad network space is a confusing marketplace these days. While there’s much talk about the decline of ad networks and some are outright closing shop—Yahoo! recently shuttered its small-publisher ad network—still others are thriving. Now more than ever, publishers have to know how to maximize opportunities and avoid the pratfalls in this space.Ad networks are still a good choice for publishers looking to attract larger advertisers. They provide reach and scale that simply may not be attainable by the traditional means of a direct sale, especially for those looking to go beyond endemic categories. When getting started, ask to speak with four or five publishers involved in the ad network to gauge their experience, says Rich Antoniello, CEO of Complex Media, which has 39 publishers in its network. “If the network won’t provide that, don’t work with them,” he says. It’s also important to know which companies are involved in the network. “What other brands do you want to be rubbing shoulders with?” says Antoniello. “Other sites in the network will be representative of the quality and the way people will evaluate you.” Transparency in this space is critical and Antoniello warns against choosing a partner that is foremost a technology firm outsourcing the creative content.last_img read more

Read more

Standard Chartered plans to sell 44 billion Asian loan portfolio

first_imgLondon-based bank Standard Chartered Plc is planning to sell at least $4.4 billion of assets in Asia. The move is part of a larger effort to clean up its balance sheet and comprises exposure to loans as well as proprietary bond and equity investments in China, Indonesia, India and Malaysia, Bloomberg reported, citing knowledgeable sources. The bank is in talks with potential buyers to sell assets worth $1.4 billion of stressed loans made to Indian companies, including GMR Infrastructure, the agency added.Standard Chartered Plc’s India operations had caused a loss of $981 million (Rs. 6,729 crore) in 2015, while loan impairments of its India portfolio rose sharply to $1.3 billion from $171 million in the previous year.”Corporate and commercial clients’ loan impairment increased significantly to Rs 21,949 crore ($3.2 billion). We have reviewed the portfolio through 2015 and have increased provisioning, largely to reflect lower commodity prices as well as further deterioration in India,” the bank said in its annual report. The reported move to sell Asian loans comes within less than a month of the bank planning to protect its $2 billion exposure to Indian and Belgian diamond traders. The exposure was less than one percent of its total advances, reported Bloomberg, citing sources, and added that the bank would no longer accept receivables as collateral.last_img read more

Read more