Productivity puzzle troubles UK forecasters

first_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMold Removal | Search AdsBathroom Mold Removal Tips That Might Surprise Most AmericansMold Removal | Search AdsAmoMediaMan Leaves Wife For Her Sister, Her Revenge Is BrilliantAmoMediafddStimulus News UpdatesfddScalp Psoriasis SearchCommon Symptoms of Scalp PsoriasisScalp Psoriasis SearchBewadaHusband Divorced His Wife After Looking Closer At This PhotoBewadaCleaning Services | Search AdsHere’s What Cleaning Services In Scottsdale Should Actually CostCleaning Services | Search Ads5log – Livinguard®This mask has been sold out in Germany 5 days after the government has tighten up5log – Livinguard®Mike HistoryAt 66, This Is Bruce Willis’ Private CarMike HistorySurvey JunkieLet your voice say something. Your opinion can change the futureSurvey Junkie Wednesday 3 December 2014 8:03 pm Show Comments ▼ whatsapp Productivity puzzle troubles UK forecasters Tags: NULLcenter_img Chris PapadopoullosChris Papadopoullos was City A.M.’s economics reporter until February 2016. He is an economist at OMFIF. Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe Wrap’Drake & Josh’ Star Drake Bell Arrested in Ohio on Attempted ChildThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapPink Floyd’s Roger Waters Denies Zuckerberg’s Request to Use Song in Ad:The Wrap’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe Wrap’Black Widow’ First Reactions: ‘This Is Like the MCU’s Bond Movie’The WrapKatt Williams Explains Why He Believes There ‘Is No Cancel Culture’ inThe Wrap THE GOVERNMENT’S fiscal watchdog yesterday expressed a great degree of uncertainty in its economic forecasts.“The key judgement underpinning our [growth] forecast is about the return of sustained productivity growth,” the Office for Budget Responsibility (OBR) said in its Economic and Fiscal outlook.Productivity is the amount of output produced by a worker in a single hour. Its growth has been subdued since the financial crisis and the OBR says there is no single answer to why it has not recovered. This “productivity puzzle” has made predicting a productivity recovery a highly speculative task.If productivity growth stays weak, the economy may only grow by around one per cent per year for the next several years. However, if growth recovers strongly GDP growth could hover around four per cent per year over that time, OBR forecasts say.The OBR has also cast doubt on the government’s ability to make proposed cuts to public services while keeping promises on ring-fencing certain areas. While noting it would be inappropriate for them to assume such cuts would be unachievable, the OBR says it “might need to include an ‘allowance for overspending’ in our forecasts”. whatsapp Sharelast_img read more

Biotech boom: After nine days of unrelenting selling, has the death knell been sounded for high growth pharma stocks?

first_img Show Comments ▼ Biotech boom: After nine days of unrelenting selling, has the death knell been sounded for high growth pharma stocks? whatsapp Express KCS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comGameday NewsNBA Wife Turns Heads Wherever She GoesGameday NewsEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallLoan Insurance WealthGrab A Tissue Before You See Richard Simmons At 72Loan Insurance WealthArticles SkillHusband Leaves Wife For Her Sister, Not Knowing She Won The Lottery Just Moments BeforeArticles Skill A wave of medical innovation has sent biotech shares rocketing nearly 200 per cent in just three years. But the party appears to be over – since mid-July, the index has fallen 25 per cent, well in to bear market territory. £1,000 invested in the Nasdaq biotechnology index three years ago would have been £2,912 at the market’s 17 July peak – before falling nearly 25 per cent to £2,200 yesterday.  This astonishing growth could not go on forever, but what at first seemed a healthy correction has become an accelerating bear market.  PRICE GOUGINGInvestor fervour soured when US presidential candidate Hillary Clinton said the sector needs regulation to combat “price gouging”. Clinton spoke after it emerged biotech firm Turing Pharmaceuticals bought the rights to a decades-old drug used to treat complications from HIV. Chief Martin Shkreli raised its price per pill by 5,000 per cent from $13 (£8.50) to $750. Investors nervous over the heights biotech has reached took the opportunity to lock in profits. “The price falls have just been appalling,” says Tom Becket of Psigma Investment Management. “It shows people had just clung on to the easy holds in their portfolios… People were looking for growth opportunities in a low growth world.” BUBBLE BREWSBut the continuing falls reflect something deeper than profit-taking.  The biotech boom has drawn comparisons – not unfairly – with the dotcom bubble. In the run-up to the millennium, investors cast aside established measures of corporate health and backed what they believed were future leaders in the “new economy”. Sales, profits and cashflow were disregarded, and a fortune was raised for profitless companies.  Now, the biotech sector has been booming on the hopes that the next-generation of medicine is arriving. Biotech firms have plans for advancements in stem cells, regenerative medicine and therapeutic proteins. There was a string of record-breaking IPOs last year with $6.3bn raised, according to EP Vantage, for early-stage firms – some of which only have one product candidate in trials. Professional investors aim to spot innovations before others. But trying to put a valuation on biotech can be impossible, Becket says. Some of these companies are more akin to so-called Big Pharma, well-established firms with revenues in the millions. But three-quarters of the 148 companies on the Nasdaq index had no profits at all, and just five companies account for more than 80 per cent of the whole sector’s earnings. “The hot areas of healthcare science are gene therapy and parts of immuno-oncology. Many of these companies do not really have earnings and have been very reliant on sentiment,” explains Bruce Harington of Stenham Asset Management. Perhaps biotech will change the face of medicine. But as with the dotcom bubble, trouble comes when investors call the revolution too soon. Tech giants would go on to revolutionise business and make a fortune, but that was not in the year 2000. BIOTECH SUPERSTARS: BUYING OPPORTUNITY?The question for biotech is whether firms warrant their valuations today. For the small players, it could be years before products in trials are brought to market, and even longer before they are profitable.  For the industry superstars, some investors will see this as a buying opportunity. “This puts the sector back on our radar, especially the four mega companies Biogen, Amgen, Celgene and Gilead Sciences,” says Domenico Daniele of Daniel Stewart.  Gilead had $12bn net income last year, and some investors think it’s stock is now good value, following the sell-off. “There are now some very cheap stocks. Gilead trades on eight times forward earnings. Valeant is at a similar level,” Harington says.  whatsapp Thursday 1 October 2015 5:33 am Share More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comWhite House Again Downplays Fourth Possible Coronvirus Checkvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comlast_img read more

News / Shippers would use new UK-US maindeck air cargo service – if the price was right

first_img“Outbound from the UK would make sense. If there was a service out of Manchester, which could also take freight from Ireland, and the pricing was right, it would be brilliant for us.”While detail on new carrier Cargologicair (CLA) is still lacking, another air freight source speculated that it could offer ACMI services to add capacity for belly carriers that are now too risk-averse to operate freighters.“We have seen numerous carriers wishing to use ACMI – look at IAG dumping GSS and going with Qatar,” said the executive. “Or carriers using Saudia.“AirFrance-KLM could be a potential partner. We know it wants fewer freighters, but there would be nothing to stop CLA signing up with it, using a UK AOC to escape any political upset.“None of the major carriers wishes to maintain a large freighter fleet, except maybe those in the Middle East, but they still wish to have access to freighters, and the B748 and its fuel burn makes the idea even more attractive. But airline board members do not wish to finance a B748 for the next 20 years by themselves.“And note most of the ‘legacy’ US ACMI operators, such as Gemini and Evergreen, are long gone. Only Atlas remains.”ABC has said it was looking to increase its network and hoped to interline with Cargologicair. The Russian carrier announced last week that it had seen a 17% rise in tonnage, year-on-year, in the first eight months of the year, with load factors of 67% and FTKs up 22%. In contrast, IAG Cargo announced that volumes fell 2.1% in the second quarter, ending June 30, while Lufthansa Cargo saw volumes rise just 0.5% in the first six months of the year.Denis Ilin, executive president of AirBridgeCargo, said that its larger network had helped boost volumes. “We are opening up. The US routes have helped, as has the Transpacific.”But, he insisted: “We are not buying market share at any price. The margin is healthy. We are trying to be competitive, but on a level with the market. We are not undercutting.”However, one of ABC’s customers told The Loadstar: “We use ABC to the US because it is very, very, very competitive. But then they are new routes, so it has to get into the market somehow.“When it first started, its prices were half the cost of KLM or Lufthansa. We would still have used it if it had been 80% of the cost. It’s more on a level now, but it is still very competitive. And if ABC is sweating its assets properly, then I guess it can make money.”He added that the carrier’s pricing was less attractive on Far East routes. “But that’s a mature market for ABC.”Another source said ABC needed to look outside Russia.“It must be suffering for cargo into Russia due to the sanctions plus the purchasing power of the rouble being curtailed. Although you notice it never releases any information about revenue, only tonnage.”Mr Ilin said its success in volumes was down to “getting the basics right”.“We are not doing anything extraordinary. We’re doing what is best for our clients, and being responsive. Everyone else is focusing on internal issues rather than making the client a priority.” By Alex Lennane 24/09/2015 A maindeck air cargo service between the manufacturing regions of the UK and the US would be welcomed by forwarders and shippers.As forwarders report that services offered by AirBridgeCargo to the US are popular, owing to a combination of price and service, the possibility that Volga-Dnepr Group’s new airline could add maindeck capacity out of the UK was an attractive one, sources told The Loadstar.While airline sources have indicated that there would be no money in a transatlantic service, forwarders thought differently.“It takes at least 24 hours to access freighters in mainland Europe, and if there is a problem, we are screwed,” said one UK-based major airfreight buyer.last_img read more

Comment / Desperate Asia-Europe carriers hope new GRIs will kickstart a happier new year

first_img CMA CGM has announced a general rate increase on all containers carried between Asian and North European ports of $950 per teu for December 1, and rival carrier Hapag-Lloyd said it would also seek an increase on the same date of $650 per teu.No doubt these new GRI attempts will be imitated by other Asia-Europe carriers in a desperate last-ditch attempt to push freight rates back up on the beleaguered tradelane and convince investors they are on the right track going into 2016.A sequence of failed GRIs was briefly broken at the beginning of November as rates jumped by almost $1,000 per teu – only to quickly fall back by a third of the increase as spot rates sank as carriers scratched around for cargo to fill their ships.The second half of 2015 has been a disaster for carriers plying Asia-Europe. Third-quarter liftings plunged by 7%, compared with Q3 2014, to 3.8m teu, according to the latest data from Container Trades Statistics – a downturn that continued into October. And anecdotal reports suggest that there has only been a slight improvement in demand this month.Moreover, just to throw the supply-demand balance further out of kilter, ocean carriers have engaged in a race to operate the world’s biggest containership on the route, contributing to an estimated 9% of extra cellular capacity to the mix.A strategy of achieving the lowest unit cost – and thus higher profit margins – only works, of course, if the ultra-large vessels deployed are sufficiently utilised. Filling the decks with spot cargo at less than $300 per teu is not going to make for a profitable voyage, even for the carriers with the lowest unit costs – however impressive the related PR.There was no doubt in the mind of Maersk Group chief executive Nils Andersen on Friday of where things had gone wrong for the flagship carrier in Q3, forcing it to announce staff and service cuts and putting ultra-large ship order options on the backburner: it was all about rates, he said.Elsewhere, tomorrow is a critical day for Hapag-Lloyd, which will present its Q3 numbers just a few days after the shares from its IPO began trading on the Frankfurt stock exchange.An updated trading statement in the IPO prospectus showed the carrier had achieved just €2m of net profit in July and August, after posting a respectable €157m profit in the first six months. Enough to make potential investors nervous.Hapag-Lloyd and its advisors had postponed the IPO by a week and discounted the offer range to €20 from the original €29.Today the shares remain at about €20, with anxious investors hoping to hear some positive news from Hapag-Lloyd’s chief executive Rolf Habben Jansen in tomorrow’s presentation. By Mike Wackett 10/11/2015last_img read more

Chevrolet tweaks the options list for the 2021 Camaro

first_img We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. The 2020 Camaro gets new face just a year after last refreshThere is one good thing Chevrolet is adding to the Camaro, and that’s wireless capability for your smartphone, so it can connect to Apple CarPlay and Android Auto. Remember not to play with your phone/infotainment while driving, though. Trending Videos Chevrolet’s 1LE package makes you want to drive your Camaro lap after lap Canadian pricing has yet to be released, but we reckon it will have to stay pretty close to current prices, lest Chevy lose more sales in the muscle car segment to Dodge and Ford. See More Videos PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Chevrolet is making a few changes to the Camaro for the 2021 model year, but looking over the trends in what it’s tweaking, we hope the company doesn’t make too many more.Folks over at GM Authority spotted the changes in the car’s official order guide, which outlines all aspects of the forthcoming vehicle.As of 2020, the facelift Chevy had infected this latest-gen Camaro with had been undone – for the most part – and it actually doesn’t look too horrible now. The Rolls-Royce Boat Tail may be the most expensive new car evercenter_img RELATED TAGSChevroletCoupeNon-LuxuryNew VehiclesNon-Luxury COMMENTSSHARE YOUR THOUGHTS Unfortunately, Chevy is changing the looks again, by removing the awesome Rally Green metallic paint colour from the options list. Wild Cherry Tintcoat is also replacing Garnet Red Tintcoat, and will be an extra-cost option.Chevrolet has also diluted the regular V8-powered 1LE so that plebs can buy it, adding a 10-speed automatic transmission to the options list. Previously, the vehicle was offered only with a six-speed manual transmission, as it was made for people who enjoy driving yet somehow also wanted a Chevy.RELATED Trending in Canada Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” advertisement ‹ Previous Next ›last_img read more

Black Holes To Be Explored At CU's Fiske Planetarium June 16-17

first_img Published: June 5, 2006 Share Share via TwitterShare via FacebookShare via LinkedInShare via E-mail The mysteries of black holes, including what it would be like to fall into one, will be explored during two June shows at the University of Colorado at Boulder’s Fiske Planetarium. CU-Boulder Professor Andrew Hamilton will present “Black Holes,” a show intended for a general audience, on June 16 at 8 p.m. On June 17 at 9:30 a.m., he will present the CU Wizards show “Black Holes,” which is geared toward students in grades five through nine. Both shows will be in the planetarium. Hamilton’s June 16 show will include recent Hubble Space Telescope observations of possible black holes in distant galaxies. He also will discuss evidence of black holes in the Milky Way galaxy, and describe what they are. At the end of the show, he will take the audience on a simulated trip into a black hole. The CU Wizards show will feature an artificial black hole where volunteers from the audience will leap off a treadmill onto a crash mat to illustrate falling into a black hole. They will learn why nothing can get out of a black hole and what would actually happen to a person who fell into one. The audience also will make tornadoes on stage. “Black Holes” is the final presentation of the 2005-06 CU Wizards series. The educational series introduces young science enthusiasts to topics in astronomy, chemistry and physics. Black holes are believed to form when huge stars use up all of their nuclear fuel and collapse. The mass of each gigantic star is so great that even light can’t escape its gravitational field. Hamilton is a professor in CU-Boulder’s astrophysical and planetary sciences department and studies black holes, cosmology, supernovae and relativity. He was the science director for the planetarium show “Black Holes: The Other Side of Infinity,” which opened at the Denver Museum of Nature and Science in February. The show is being distributed worldwide by Spitz Inc. and was funded by NASA and the National Science Foundation. For more information about black holes visit Hamilton’s Web site at casa.colorado.edu/~ajsh/schw.shtml. Admission for the June 16 show is $6 for adults, $5 for students with valid identification and $3.50 for children and seniors. The CU Wizards presentation is free. Sommers-Bausch Observatory, adjacent to the planetarium, is open to the public following the June 16 show, weather permitting. Admission to the observatory is free. For more information about the CU Wizards call (303) 492-5011 or visit www.colorado.edu/physics/Web/wizards/cuwizards.html. For more information about Fiske Planetarium and other shows and programs it offers, call (303) 492-5001 or visit the Web site at fiske.colorado.edu/.last_img read more

Dogfish Head Distilling Co. Debuts Spirits Portfolio

first_imgTwitter Facebook Dogfish Head Compelling Gin (88 proof): Distilled using the peel and flesh of our favorite citrus and a long list of beautiful culinary ingredients stolen from our brewpub kitchen, Compelling Gin is a bright and citrusy, with a crisp juniper snap and lingering cinnamon warmth, a culinary-inspired gin. Dogfish Head Whole Leaf Gin (90 proof): Like Dogfish Head’s signature line of continually hopped IPAs, Whole Leaf Gin continually doses whole leaf hops into each step of the gin distillation process. The result is an earthy gin, with a drying coolness, yet bursting with floral hop goodness, the IPA of spirits.“You can make spirits from almost any type of raw material, we have chosen to start with the same ingredients that go into our beer,” says Hamblett, a horticulturalist with nearly two decades of experience running an artisanal winery and distillery. “In our process, everything starts in its rawest form, from scratch, and we will use the best ingredients available. We use a batch distillation approach through each stage. It’s a bit more work than other approaches, but it allows me to closely monitor and control each step of the distillation process.”Other spirits, including rum and whiskey, are on the horizon. “With access to Dogfish Head’s brewing equipment and ingredient resources, and our long history of bending stylistic guidelines using different grains and wood-aging techniques, we plan on distilling and aging all sorts of delicious spirits in the near and long term,” says Calagione.“What we’re seeing is that consumers are looking for the same ‘goodness’ out of their craft spirits that have led them to explore craft beer,” says Distillery Manager James Montero. “They want a high-quality distilled spirit and an honest and authentic approach wrapped in an interesting story.”“Many distillers,” Montero continues, “are buying bulk spirits from large distilleries and rebranding them, but our spirits are 100% scratch-made. We start with the best ingredients possible, brew them using the best equipment and processes, then distill them in a manner that allows them – even our vodka – to maintain the ‘goodness’ of all those delicious ingredients. Having this type of ownership and expertise over the full process is becoming increasingly rare in the spirits world.”Calagione agrees. “The goodness that our fans have come to expect in their beer glass will now be available in their rocks glass.”Dogfish Head Analog Vodka (80 Proof, Suggested Retail Price $32.99), Compelling Gin (88 Proof, Suggested Retail Price $36.99) and Whole Leaf Gin (90 Proof, Suggested Retail Price $38.99) will hit restaurants, bars and retailers throughout Delaware just before Thanksgiving. Dogfish Head plans to expand distribution to other mid-Atlantic states in 2016.Dogfish Head Distilling Co.Dogfish Head has been making small-batch spirits since 2002 at its Rehoboth Beach brewpub. In 2015, Dogfish Head Distilling Co. is expanding its line of 100% scratch-made spirits, produced out of its new distillery at the center of Dogfish Head’s Milton campus. Dogfish Head Analog Vodka, Compelling Gin and Whole Leaf Gin will be available in Delaware in November 2015. www.dogfish.comAdvertisement TAGSDogfish HeadDogfish Head Distilling Co Previous articleOld Westminister Winery in Carroll County Unveils New Tasting RoomNext articleCape Wine 2015 Reflects New Era for South African Wine Industry Press Release Linkedin AdvertisementMuch anticipated liquors slated to hit Delaware just in time for holidaysWith new American-made copper stills, a veteran distiller and a handcrafted ethos, Dogfish Head Distilling Co. is expanding its distilling program this November with the launch of its 100% scratch-made spirits line.Dogfish Head’s new state-of-the-art distillery is in the heart of its Milton campus, giving Head Distiller Graham Hamblett access to the same quality ingredients, brewing expertise and equipment used to make Dogfish Head’s off-centered ales. At the heart of the distilling operation are two 500-gallon copper stripping stills and a 250-gallon copper vodka column, sourced from fourth-generation custom fabricator Vendome Copper & Brass Works in Louisville, Ky.“We’ve been distilling off-centered spirits on a very small scale out of our Rehoboth brewpub since 2002,” says Dogfish Head Founder and President Sam Calagione. “As I travel, one request I hear over and over from our passionate beer consumers is, ‘When are you going to step up the spirits program and take Dogfish Head’s off-centered approach to a wider audience?’ Well, over the last year we’ve made the right investments, and the answer is now.”The first spirits to debut from Dogfish Head Distilling Co. are Analog Vodka™, Compelling Gin™ and Whole Leaf Gin™.Dogfish Head Analog Vodka (80 proof): Made with 100% brewers malt and our proprietary “Doggie” yeast, Analog Vodka embodies the core of what Dogfish Head’s 20-year commitment to quality & creativity. It’s crisp, with a viscous sweetness of caramelized sugar, malted barley with a cleansing minerality, a sipping vodka for whiskey drinkers. Share Pinterest ReddIt Email Home Industry News Releases Beer Business Dogfish Head Distilling Co. Debuts Spirits PortfolioIndustry News ReleasesBeer BusinessSpirits BusinessDogfish Head Distilling Co. Debuts Spirits PortfolioBy Press Release – October 7, 2015 37 0 last_img read more

Prime Minister Lauds EU for Contributing to Country’s Development

first_imgPrime Minister, the Most Hon. Portia Simpson Miller, has lauded the European Union (EU) for its continued support to Jamaica, which has seen the organisation contributing an estimated €1.2 billion or J$170 billion in development assistance over the last 40 years.Mrs. Simpson Miller said the EU’s contribution to the many facets of Jamaica’s development goes beyond activities under the European Development Fund programme, but also involves helping Jamaica to navigate and cushion the drastic changes in the global trade environment.“I view our ongoing partnership with the EU as critical support for Jamaica’s social transformation and economic growth agenda,” the Prime Minister said.She was addressing the launch of the 40th anniversary of Jamaica-EU partnership celebrations at Jamaica House on February 12. The launch also saw the unveiling of the Partnership Plaque, which gives a pictorial representation of the Jamaica-EU relationship.Mrs. Simpson Miller said the EU’s contributions to Jamaica over the last four decades have been significant, spanning a number of sectors, including education, security, agriculture and rural development, public financial management and private sector enhancement.She further noted that the EU’s support of the local agricultural sector, especially the banana and sugar industries, is noteworthy.“The special framework of assistance for the banana support programme has been a major source of help to banana farmers and former banana growers, as we diversify our agricultural product in light of changing international realities,” she said.Mrs. Simpson Miller pointed out that the EU has also been a significant partner in the Government’s ongoing efforts to transform the sugar industry in Jamaica.“I remain thankful for the EU’s support of the Sugar Estates Barracks Relocation Project to move families, including some 900 persons, from deplorable living conditions in old plantation barracks to their own modern houses,” she said.Mrs. Simpson Miller pointed out that the Sugar Transformation Programme has been important in the overall goal of poverty reduction. Under programme, more than 5,000 sugar workers and small cane farmers who were displaced as a result of the sugar cane sector divestment, have been provided with assistance.In his remarks, Finance and Planning Minister, Dr. the Hon. Peter Phillips, said he is particularly pleased that of the €1.2 billion allocated by the EU over the last 40 years to support programmes in Jamaica, some 80 per cent has been grant resources.“There is no other development partner that has made such a contribution. And I think it is very appropriate for me to say how appreciated this contribution is, especially in the context of our current economic reform programme and our Extended Fund Facility agreement with the International Monetary Fund,” he added.Dr. Phillips said over the years, Jamaica has also benefited tremendously from the trade component of its partnership with the EU, which has seen the country taking advantage of the many opportunities provided under several cooperation agreements.For her part, Head of the Delegation, European Union to Jamaica, Her Excellency Paola Amadei, said the EU remains committed to strengthening its relationship with Jamaica, as it strives to assist in poverty reduction and the creation of equal opportunities for all. Prime Minister Lauds EU for Contributing to Country’s DevelopmentJIS News | Presented by: PausePlay% buffered00:0000:00UnmuteMuteDisable captionsEnable captionsSettingsCaptionsDisabledQualityundefinedSpeedNormalCaptionsGo back to previous menuQualityGo back to previous menuSpeedGo back to previous menu0.5×0.75×Normal1.25×1.5×1.75×2×Exit fullscreenEnter fullscreenPlay Photo: Yhomo HutchinsonPrime Minister, the Most Hon. Portia Simpson Miller (second left) along with Finance and Planning Minister, Dr. the Hon. Peter Phillips (right); Head of Delegation, European Union to Jamaica, Her Excellency Paola Amadei (second right); and Polish Ambassador to Jamaica, His Excellency Piotr Kaszuba, examine the Partnership Plaque, which gives a pictorial representation of the Jamaica-EU relationship over the last 40 years. Occasion was the launch of the 40th anniversary of Jamaica-EU partnership celebrations, held at Jamaica House on February 12. Prime Minister Lauds EU for Contributing to Country’s Development Prime MinisterFebruary 13, 2015Written by: Athaliah Baker Advertisements Story HighlightsPrime Minister, the Most Hon. Portia Simpson Miller, has lauded the European Union (EU) for its continued support to Jamaica, which has seen the organisation contributing an estimated €1.2 billion or J$170 billion in development assistance over the last 40 years.Mrs. Simpson Miller said the EU’s contribution to the many facets of Jamaica’s development goes beyond activities under the European Development Fund programme, but also involves helping Jamaica to navigate and cushion the drastic changes in the global trade environment. Mrs. Simpson Miller pointed out that the EU has also been a significant partner in the Government’s ongoing efforts to transform the sugar industry in Jamaica. center_img RelatedPM Hails Dr. Davies as Outstanding RelatedHagley Park Health Centre to be Renovated FacebookTwitterWhatsAppEmail RelatedPM Calls for Sustainable Development Partnershipslast_img read more

T-Mobile extends telematics play to prepaid

first_imgHome T-Mobile extends telematics play to prepaid Diana is Mobile World Live’s US Editor, reporting on infrastructure and spectrum rollouts, regulatory issues, and other carrier news from the US market. Diana came to GSMA from her former role as Editor of Wireless Week and CED Magazine, digital-only… Read more T-Mobile US rolled out a new connected car solution for its MetroPCS brand, offering prepaid customers an LTE-enabled plug-in similar to its SyncUp Drive product for postpaid subscribers.The new MetroSMART Ride device is powered by the Mojio connected car platform and plugs in to the on-board diagnostics port in a user’s car. For $10 per month, it lets users monitor vehicle diagnostics, call for roadside assistance, track vehicle location and view driving metrics via a smartphone app. It also acts as an in-vehicle hotspot, offering 2GB of high-speed data over Wi-Fi.The move to bring connected car technology to its prepaid brand comes as T-Mobile looks to secure market share in the rapidly growing connected car space.In Q2, market research company Chetan Sharma Consulting noted connected cars beat out phone subscribers as the largest net addition category for US operators, continuing a trend seen in 2017. The analyst company said AT&T dominated connected car additions in Q2, but added Verizon’s IoT and Telematics business continued to gain ground.T-Mobile first introduced its SyncUp Drive product for post paid consumers in November 2016, later expanding it to include fleet management capabilities in September 2017. During the operator’s Q1 earnings call, COO Mike Sievert said T-Mobile had more than 700,000 SyncUp Drive units on the road. Subscribe to our daily newsletter Back Author Amazon reels in MGM Tags connected carMetroPCST-Mobile US Relatedcenter_img Previous ArticleEC clears CK Hutchison, Wind Tre dealNext ArticleWestern Union targets global mobile expansion T-Mobile US chief predicts market rebound Diana Goovaerts AddThis Sharing ButtonsShare to LinkedInLinkedInLinkedInShare to TwitterTwitterTwitterShare to FacebookFacebookFacebookShare to MoreAddThisMore 31 AUG 2018 Español Foxconn y Stellantis se alían en coches conectadoslast_img read more

Gardai renew appeal over Donegal murder

first_img Pinterest Homepage BannerNews Facebook Facebook Twitter Pinterest Nine til Noon Show – Listen back to Monday’s Programme WhatsApp Gardai have renewed their appeal for information as part of an ongoing investigation into the murder of Andrew Burns in Donnyloop in 2008.They believed a number of people were involved in the 27 year old’s murder.11 years ago today, 27 year old Andrew Burns was murdered in Donnyloop, Castlefin by persons Gardai believe to be linked to violent Dissident Republican activity.Between 7.05pm and 7.15pm on the 12th February 2008, Andrew Burns received gunshot wounds.He was found on a roadway close to Donnyloop Church and was pronounced dead shortly before 8pm.Gardai say while one person has been convicted of his murder and a number of persons have been arrested in connection with the investigation, they believed a number of people were involved in the murder.Anyone with any information that could assist the investigation is urged to contact the incident room at Letterkenny Garda Station. Twitter By News Highland – February 12, 2019 Arranmore progress and potential flagged as population grows center_img Google+ News, Sport and Obituaries on Monday May 24th DL Debate – 24/05/21 WhatsApp Previous articleDonegal ETB publish three-year strategic agreementNext articleLive animal exports could be seriously affected over Brexit News Highland Google+ RELATED ARTICLESMORE FROM AUTHOR Loganair’s new Derry – Liverpool air service takes off from CODA Gardai renew appeal over Donegal murder Important message for people attending LUH’s INR clinic last_img read more