The bank has had three consecutive years of market growth and the markets business has performed “consistently” since Tim Throsby arrived as chief executive of Barclays International.“When you talk to clients around the globe they want to deal with a diverse range of banks globally, not just the US banks,” said McGrath, himself a former Goldman Sachs banker. “There’s a real interest in having a European champion and our client base thinks that we’re it.”Read more: Former Barclays boss Bob Diamond says banks need to take more risks Investor demand for environment-friendly firms is becoming ‘phenomenon’ says top Barclays banker whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryOne-N-Done | 7-Minute Workout7 Minutes a Day To a Flat Stomach By Using This 1 Easy ExerciseOne-N-Done | 7-Minute WorkoutBetterBe20 Stunning Female AthletesBetterBeRest Wow68 Hollywood Stars Who Look Unrecognizable NowRest WowMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWTFactsHe Used To Be Handsome In 81s Now It’s Hard To Look At HimWTFactsJustPerfact USAMan Decides to File for Divorce After Taking a Closer Look at This Photo! JustPerfact USAmoneycougar.comDiana’s Butler Reveals Why Harry Really Married Meghanmoneycougar.comzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.com Joe McGrath, global head of banking at the British bank, says the growth of environmental, social, and governance (ESG) concerns in business has become a “phenomenon” in the last five years.ESG investing is becoming “truly a commercially viable strategy with the interest level and the financial resources that are being dedicated to it,” McGrath says. Money is pouring into the space from venture capital and private equity funds, he says, speaking to City A.M. ahead of a meeting of entrepreneurs in its Unreasonable Impact partnership.Barclays partnered with Colorado-based Unreasonable Group, a firm which focuses on scaling up potentially world-changing companies. The 71 firms in the Unreasonable Impact programme have so far raised over $1.3bn in financing and have made $1bn in revenues.Read more: The green economy race is heating up – and Britain has the edgeThe programme focuses on “companies that are not only doing well, but doing good for society,” McGrath adds. It also puts particular emphasis on the prospects for job creation. Firms in the UK and Europe programme, centred on London, now span from established firms to innovative startups. Green Fuels, which produces biodiesel from cooking oil and other feedstocks, has held a royal warrant since 2013 from the Prince of Wales. Riversimple produces cars vehicles powered by hydrogen fuel cells, with only water as immediate emission, while Offgrid Electric provides cheap solar lighting in some of the world’s poorest regions.Unreasonable is aiming to identify “the world’s most promising impact entrepreneurs” to allow them to “really be the titans of industry tomorrow”, says Daniel Epstein, the firm’s founder. Some of the firms in the programme “have tech that most people don’t even know exists.”However, they can often lack the connections to advice and services a growth company needs, while being an entrepreneur can be “lonely” work. In addition, UK and European entrepreneurs face a harder time in raising capital than their counterparts across the Atlantic, says Epstein.”There’s less of an aptitude for risk-taking with that capital,” he says. “Culturally there’s a different posture.”Read more: A quarter of Londoners want to start their own business whatsapp Jasper Jolly Thursday 11 October 2018 12:18 am Demand for investments in businesses pursuing environmentally and socially responsible aims is building up unstoppable momentum, according to a top banker at Barclays. Share The programme aims to plug entrepreneurs into a network of experienced advisers, as well as helping them further down the line with access to equity or debt finance, giving Barclays further incentive to help the firms develop into companies on a global scale.“We’ve developed a pipeline of future companies that we can be a long-term partner with as a firm,” said McGrath. “Companies that ultimately we can either potentially lend to, take public and help them with private capital raise. Many of them have already grown into situations where we think Barclays on an institutional basis can be helpful”.The aims of the project fit with Barclays’ efforts to remain a top global investment bank. Barclays has come under significant pressure in recent years to improve the performance of the unit or move capital to higher-return operations elsewhere, with the notable presence of activist investor Edward Bramson among major shareholders.However, the bank under chief executive Jes Staley has stayed the course so far, with recent results welcomed by the bank’s leadership.“We are really trying to leverage our strengths as a transatlantic bank with dual headquarters, with London as our true headquarters and New York as a real differentiating point,” said McGrath. “It’s working.” More From Our Partners Brave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: Barclays Company Startups
Tuesday 19 February 2019 9:22 am Read more: FTSE 100 hits fresh four-month highThe week-long optimism boosted global markets, which have suffered in recent months as a result of escalating tensions between the world’s two largest economies.Chinese state media said the talks were “making a final sprint” towards a potential, striking a fresh tone of optimism. Fresh round of US-China talks set to start today in bid to resolve trade war Callum Keown whatsapp whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgWhy people are finding dryer sheets in their mailboxesnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPuffer fish snaps a selfie with lucky divernypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.com Read more: US-China trade talks ‘making a final sprint’ – Chinese state mediaPresident Donald Trump has set a 1 March deadline for a deal, after which he said he would increased tariffs on $200bn (£154.8bn) worth of Chinese imports to 25 per cent from 10 per cent.But reports emerged last week that Trump was willing to push the deadline back 60 days.It is hoped this week’s talks will negate the need for a deadline and that the two nations will reach a deal.Last week a US delegation visited Beijing and after prolonged discussions both sides reported that progress had been made. Tags: Trading Archive Share A fresh round of talks between the US and China will begin in Washington today in a bid to resolve the ongoing trade war.Deputy-level talks will start today, while higher level discussions will take place later in the week as China’s Vice Premier Liu He arrives in the US.
Stefan Boscia Each percentage increase would raise £3.3bn extra in tax revenue a year. whatsapp “If there’s a long term plan for changing the corporation tax regime we’ll look at it.” When asked about potential tax rises in the Budget, Sunak told Sky News: “I would like to keep taxes low for people… but I want to deliver our promises to the British people that we will be responsible with their money.” (Getty Images) Also Read: Budget 2021: Rishi Sunak hints at tax rises next week Show Comments ▼ When asked about potential tax rises in the Budget, Sunak told Sky News: “I would like to keep taxes low for people… but I want to deliver our promises to the British people that we will be responsible with their money.” Tags: Budget 2021 whatsapp Budget 2021: Rishi Sunak hints at tax rises next week She said: “There does need to be changes, but the big question is why does there need to be changes right now? When asked about specific tax rises, the chancellor refused to comment on what policy levers he would pull. Before the Open newsletter: Start your day with the City View podcast and key market data The chancellor is widely expected to raise corporation tax in the Budget next week, with speculation he will outline a plan to increase it from 19 per cent to 25 per cent. He added: “What I want to deliver is support for our economy, now when it needs it, support along that roadmap helping to drive our recovery. Share More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFlorida woman allegedly crashes children’s birthday party, rapes teennypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comWhy people are finding dryer sheets in their mailboxesnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comConnecticut man dies after crashing Harley into live bearnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.com This could bring in an extra £6bn a year without breaking the Tories’ 2019 manifesto pledge to not raise income tax. When asked about potential tax rises in the Budget, Sunak told Sky News: “I would like to keep taxes low for people… but I want to deliver our promises to the British people that we will be responsible with their money.” (Getty Images) The Sunday Times reports today that the chancellor will freeze the threshold at which people start to pay income tax at £12,500 for three years and freeze the rate at which people start to pay the 40p rate at £40,000 for three years. “But also levelling with people and being straight about the challenges we face over time because of the shock coronavirus has caused our public finances and making sure that we’re clear with people about an honest and fair plan to address that. And I think those things are both compatible.” Sunday 28 February 2021 9:30 am Shadow chancellor Anneliese Dodds told the BBC that Labour would not support corporation tax rises in the short term as it would choke off the UK’s economic recovery. “To [Tory MPs] he said he wanted to push these tax change through now so that they will be out of the way for the next General Election so he can cut taxes at that point – that’s not being focused on our recovery , that’s being focused on his own party’s prospects at the next General Election,” she said. Sunak denied he had said this to Tory MPs. He also suggested that he would extend Covid support schemes in his Budget, as expected, saying “we went big, we went early and there’s more to come”. Rishi Sunak has hinted that he will raise taxes in the Budget on Wednesday, saying that he wanted to “level” with people about the fiscal challenges to come. Sunak may also look to raise Capital Gains Tax in the Budget in a bid to claw back some of the £300bn in Covid spending. She also accused Sunak of playing politics on his policy decisions. When asked about potential tax rises in the Budget, Sunak told Sky News: “I would like to keep taxes low for people… but I want to deliver our promises to the British people that we will be responsible with their money.” (Getty Images) Also Read: Budget 2021: Rishi Sunak hints at tax rises next week The furlough scheme, VAT cut to retail and hospitality, stamp duty holiday on house purchases of up to £500,000 and business rates holiday are all expected to be extended to June at a cost of £30bn.
Federal Government | Health | Nation & World | NPR NewsTrump, GOP lawmakers back off from immediate Obamacare RepealFebruary 6, 2017 by Alison Kodjak, NPR Share:There’s a moment in the Broadway musical Hamilton where George Washington says to an exasperated Alexander Hamilton: “Winning is easy, young man. Governing’s harder.”When it comes to health care, it seems that President Trump is learning that same lesson. Trump and Republicans in Congress are struggling with how to keep their double-edged campaign promise — to repeal Obamacare without leaving millions of people without health insurance.During the campaign, Trump promised to repeal and replace the Affordable Care Act immediately upon taking office. Last month, in an interview with The Washington Post, he said he had a replacement law “very much formulated down to the final strokes.”But on Sunday, he dialed back those expectations in an interview with Fox News.“It’s in the process and maybe it will take till sometime into next year, but we are certainly going to be in the process. It’s very complicated,” Trump said.He repeated his claim that Obamacare has been “a disaster” and said his replacement would be a “wonderful plan” that would take time “statutorily” to put in place. And then he hedged the timing again.“I would like to say by the end of the year, at least the rudiments,” he said.Trump’s recent hesitation comes as Republicans in Congress tame their rhetoric surrounding the health care law.Sen. Lamar Alexander, R-Tenn., chairman of the Senate health committee, said he’d like to see lawmakers make fixes to the current individual market before repealing parts of the law.“We can repair the individual market, which is a good place to start,” Alexander said on Feb. 1.He has also urged his colleagues to leave the other parts of the health care sector — Medicare, Medicaid and the employer market — alone.Throughout the campaign, and over the six years since the law passed, Republicans in Congress have vowed to completely repeal the Affordable Care Act.But in the time since the law went into effect, it has helped as many as 20 million people get insurance who didn’t have it before, according to the Department of Health and Human Services.Just last week, the open enrollment period for 2017 ended and HHS reported that 9.2 million people bought insurance through the federal government’s insurance marketplace — slightly lower than last year but still a large number. About 3 million more people likely bought coverage on state-run exchanges, based on enrollment in past years.In addition, about 10 million people qualified for health coverage because of the expansion of Medicaid in most states.That left Trump and Republicans, the day after the election, facing the choice of fulfilling their clear promise to repeal the ACA and the reality that doing so could leave millions of people without access to health care.At that time the public seemed to gain a new appreciation of the law once it was actually threatened with repeal. In recent weeks, several polls have shown that more people view it more favorably than they did before the election.Another reality Republicans have had to face is that, even though they control both houses of Congress and the White House, their ability to repeal the ACA is limited. That’s because Democrats in the Senate can block bills using their filibuster power.But laws dealing with taxes and the budget are protected from filibuster, so Republicans can roll back many Obamacare provisions because they involve tax credits and federal spending.That leaves lawmakers having to build a new health care system that works within the general framework of the Affordable Care Act. They can get rid of subsidies to help people buy insurance, but the law creating government-run insurance exchanges, for example, will still be on the books.That’s why Alexander and a handful of other Republicans are beginning to talk about repairing the current system. Currently, not enough young healthy people have signed up for coverage to offset the costs to insure sicker, older people. The result is that premiums have risen and insurance companies that lost money pulled out of many markets.But not everyone is on board. House Speaker Paul Ryan, R-Wis., said last week in an interview on Fox that repairing the health care system means “You must repeal and replace Obamacare.”Copyright 2017 NPR. To see more, visit http://www.npr.org/.Share this story:
Environment | Fisheries | Nation & World | Oceans | WildlifeEntangled: Making the sea safer for whalesNovember 1, 2017 by Tom Banse, Northwest News Network Share:Humpback whale entangled in commercial lobster gear, sighted off San Diego in 2015. (photographed under NOAA permit #: 18786)(Photo courtesy NOAA Fisheries)Audio Playerhttps://cpa.ds.npr.org/northwestnews/audio/2017/11/103117TB_Whales_web.mp300:0000:0000:00Use Up/Down Arrow keys to increase or decrease volume.More than 30 times this year, the federal government has received reports of whales tangled in fishing gear along the West Coast.Sometimes the whales manage to wriggle free. Other times you see heart-rending pictures on the news or a rescue mission.The culprit often involves Dungeness crab pot lines. Now Oregon crabbers are working with marine scientists to make the seas safer for whales and to avoid a black mark on their brand.Bob Eder has fished commercially out of Newport, Oregon, for decades.“Over 45 years of pulling crab pots — I think I’ve probably hauled in close to a million — I’ve never encountered an entangled whale,” he said.‘We want to be proactive’Eder often sees whales at sea and recognizes just one bad outcome blamed on fishing gear could be all it takes to cause a PR nightmare.Whale numbers are up, but so are sightings of humpback whales, gray whales and the odd blue whale entangled in fishing lines and buoys — especially in California.“We want to get out ahead of it. We want to be proactive,” Eder said. “We don’t want to be sued by the Center for Biological Diversity. We want to see what we can do to mitigate the situation.”The Center for Biological Diversity is an environmental group and it did just sue the California Department of Fish and Wildlife.The group wants a federal judge to order the state regulator to make crab fishermen do more to avoid harm to endangered whales.Crab traps themselves are not the problem, but rather the heavy-duty ropes stretching from the seafloor to one or more buoys at the surface.Whales can snag a fin or a tail and get all tangled up if there’s too much slack in the vertical line or excess floating on the surface.“They normally don’t come in where our gear is,” said Hugh Link, executive director of Oregon Dungeness Crab Commission. “But when we get warmer water and the feed comes in closer to shore, then we have an issue.”Link and Eder are two members of a work group of crabbers, marine biologists and government agency and nonprofit representatives. They’ve been meeting in Oregon since March.Members of the Oregon Whale Entanglement Working Group met in various coastal ports to gather info and consider fishery modifications. (Photo by Tom Banse/Northwest News Network)A grant from NOAA Fisheries launched what is known as the Oregon Whale Entanglement Work Group, which is facilitated and now supported by Oregon Sea Grant.Washington state crabbers and other interested parties plan to meet Nov. 8 in Montesano to hear an update on whale entanglements and discuss whether the Washington-based/the local fleet should launch a proactive work group too.The work group agreed to distribute a flyer to crab boat operators ahead of the season opener next month with best practices for setting and tending gear.Oregon and Washington also have programs to retrieve lost or derelict fishing gear.The work group next plans to survey the fleet about potential season modifications and area closures to keep whales away from gauntlets of ropes.“To really take a swipe at minimizing co-occurrence between our fishing gear and the whales it may take shortening the season or shortening the amount of pots that can be fished,” Eder said. “This becomes highly controversial.”Commercial crab fisherman Bob Eder of Newport, Oregon is part of a whale entanglement working group. (Photo byTom Banse/Northwest News Network)Voluntary measures… or mandatesThose are however some of the very things the Center for Biological Diversity wants to see happen.Oakland-based Center attorney Kristen Monsell applauds the Pacific Northwest crab fleet for trying to get out ahead of the issue.“I think it’s great to hear that our neighbors to the north are meeting,” Monsell said. “I think if California had done so earlier — years and years ago — then we wouldn’t be seeing the number of entanglements that we’re seeing off our coast now.”Monsell said she has no plans to expand the California lawsuit to the Oregon and Washington Dungeness crab fisheries at this time. That could change if there were an unanticipated surge in whale entanglement numbers in the Pacific Northwest.One yellow flag for the environmental lawyers is the choice of voluntary versus mandatory whale avoidance measures.“We don’t think voluntary measures will work,” Monsell said, because they are not always followed. The Oregon working group’s “directives” to prevent whale entanglements are merely suggestions, not requirements.The Center for Biological Diversity has leverage because any harassment of an endangered whale constitutes an illegal “take” under federal law.The Endangered Species Act prescribes heavy penalties for guilty parties unless NOAA Fisheries has issued an “incidental take permit” for a fishery, which it has not done for crabbers.Blue whales and humpback whales are listed as endangered or threatened along the U.S. West Coast.The gray whale population has rebounded such that it was removed from the threatened list in 1994.The Dungeness crab fishery is in the focus right now because its their gear that is cut off of entangled whales most often.The buoys have traceable numbers on them. But whales have also been sighted tangled up in gear from other fisheries, including gill nets and black cod or shrimp traps.It’s also common for the source of the entanglement to go undetermined.The number of West Coast whale entanglement cases successively set new records in 2014, 2015 and 2016. The pace of sightings of whales in distress in 2017 is lower than last year’s record of 71 separate cases, but still of concern.A breakdown of this year’s whale entanglements provided by NOAA Fisheries had 32 separate cases reported through mid-October, of which 22 were listed as confirmed. As in prior years, the majority of sighting came from California waters (27 whales — 19 confirmed), with the rest from Oregon (1 unconfirmed), Washington (3 whales — 2 confirmed) and Mexican border waters (1 confirmed).‘A risky endeavor’Oregon State University marine mammal biologist Jim Rice manages the rescue response when a whale is reported entangled in Oregon waters.“It has to be done very carefully,” Rice said. “Disentangling a whale is a risky endeavor. There is a great risk to personal safety and even a risk of humans getting killed in the process of trying to remove gear.”“You can’t talk to the whale,” he continued. “It’s a wild animal. It’s programmed for survival. It may see would-be rescuers as potential threats.”Rice remembers four instances in recent years when Oregon responders were activated to free an entangled whale.In three of those cases, the rescuers could not find the whale.In the final case, the entangled whale was a calf being guarded by its mother.“They were swimming quite quickly. The line was lightly attached,” Rice said. “They basically did not slow down. The mother was not interested in letting us get too close to the calf.”Rice does not know whether the calf survived.Most of the time, NOAA can’t say either what eventually happened to a whale reported to be in distress because they become difficult to track at night.A Portland-based spokesman for the NOAA Fisheries said that in only one of this year’s entanglements — near San Diego — was there strong suspicion that the whale died.Unless an affected whale is later re-sighted free of fishing lines, the final outcomes are mostly unknown.“I mean when you’re out there in a small boat looking for an entangled whale, you realize that it is a huge ocean and you’re in a tiny boat,” Rice said. “Your odds of finding that whale are actually really small unless you have eyes in the air looking down or you have a large vessel that has been following this whale for you.”Share this story:
whatsapp More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comFort Bragg soldier accused of killing another servicewoman over exthegrio.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comMark Eaton, former NBA All-Star, dead at 64nypost.comKansas coach fired for using N-word toward Black playerthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com George Osborne under fire for seven day current account switching service timidity Tim Wallace by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTele Health DaveRemember Pierce Brosnan’s Wife? Take A Deep Breath Before You See What She Looks Like NowTele Health DaveMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramHero Wars This game will keep you up all night! Hero Wars MoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailFungus EliminatorIf You Have Toenail Fungus Try This TonightFungus EliminatorThe Chef PickElisabeth Shue, 57, Sends Fans Wild As She Flaunts Age-Defying FigureThe Chef PickUltimate Pet Nutrition Nutra Thrive SupplementIf Your Dog Eats Grass (Do This Every Day)Ultimate Pet Nutrition Nutra Thrive Supplement Share George Osborne is expected to tweak the seven day current account switching scheme to iron out some of the wrinkles in the system, in his Autumn Statement next week.But the changes did not go nearly far enough to open up the market to competition, the Yorkshire Building Society said. And consumer group Which? also called for the changes to go further and faster.Currently, any payment to an old account will be transferred to the new account automatically for two years after the switch. Osborne is planning to raise this to three years.As the system stands, small firms can use the switching scheme if their turnover is below €2m (£1.6m) – a limit set to be hiked to £6.5m. And the chancellor is considering telling banks to speed up the switches, from seven working days to five, according to the plans, which were first reported by Sky News.But critics argue the changes are mere tinkering, and are insufficient to inject the competition the sector needs.“The switching service is an innovation, which despite the government’s good intentions, has unfortunately not done enough to encourage competition,” said the Yorkshire Building Society’s Mike Regnier.“We instead want to see real reform that achieves full account portability.”This would eliminate the manual changes which customers have to make to some of their payments.“Changes to increase the speed of switching would be welcome, but they must be supported by much stronger reforms that get to the heart of the lack of competition and trust in the market,” said Richard Lloyd from Which? “Banks must also make it easier for people to compare the cost of running current accounts and to find the best account for them.”The Treasury and the Payments Council declined to comment ahead of the Autumn Statement. Show Comments ▼ Tuesday 25 November 2014 8:56 pm Tags: George Osborne People whatsapp
whatsapp Wednesday 17 June 2015 3:14 am Billy Ehrenberg FTSE flat as European Commission President Jean-Claude Juncker says Greece has been misleading its voters The FTSE was flat in early trading, rising 0.17 per cent by the time of writing. Investors will be watching for the fallout from the latest episode of the Greek tragedy, with both Athens and its creditors trading blows yesterday.Greece has been misleading its voters over bailout proposals, according to European Commission President Jean-Claude Juncker. Juncker’s comments came as Alexis Tsipras, the Greek Prime Minister, claimed creditors were trying to humiliate Greece. Read more: Tsipras: International Monetary Fund bears “criminal responsibility” for Greek crisisThe Greek government has alledgedly told voters that the country’s creditors want rises in VAT on electricity and an increase in tax on medicine.Juncker said this would be a mistake and denied any such proposals had been put to Greece.I am blaming the Greeks [for saying] things to the Greek public which are not consistent with what I’ve told the Greek prime minister. I’m not in favour… of increasing VAT on medicaments and electricity. This would be a major mistake.Juncker said the situation would be made easier if Greece’s government was to accurately represent the terms of proposals.Tsipras said the austerity measures levelled at the country were criminal, in words unlikely to thaw tensions ahead of a crucial few days for Greece. It must strike a deal with its creditors before the end of June, or risk defaulting on its debt. Tags: Company FTSE 100 Show Comments ▼ whatsapp Share
Log In | Learn More GET STARTED Up and down the ladder: The latest comings and goings STAT+ is STAT’s premium subscription service for in-depth biotech, pharma, policy, and life science coverage and analysis. Our award-winning team covers news on Wall Street, policy developments in Washington, early science breakthroughs and clinical trial results, and health care disruption in Silicon Valley and beyond. By Ed Silverman June 4, 2021 Reprints Hired someone new and exciting? Promoted a rising star? Finally solved that hard-to-fill spot? Share the news with us, and we’ll share it with others. That’s right. Send us your changes, and we’ll find a home for them. Don’t be shy. Everyone wants to know who is coming and going.And here is our regular feature in which we highlight a different person each week. This time around, we note that CureVac (CVAC) hired Klaus Edvardsen as chief development officer. Previously, he worked at Merck KGaA (MKKGY), where he was senior vice president and head of global oncology development. [email protected] Pharmalot What’s included? What is it? Daily reporting and analysis The most comprehensive industry coverage from a powerhouse team of reporters Subscriber-only newsletters Daily newsletters to brief you on the most important industry news of the day STAT+ Conversations Weekly opportunities to engage with our reporters and leading industry experts in live video conversations Exclusive industry events Premium access to subscriber-only networking events around the country The best reporters in the industry The most trusted and well-connected newsroom in the health care industry And much more Exclusive interviews with industry leaders, profiles, and premium tools, like our CRISPR Trackr. Unlock this article — plus daily coverage and analysis of the pharma industry — by subscribing to STAT+. First 30 days free. GET STARTED About the Author Reprints Pharmalot Columnist, Senior Writer Ed covers the pharmaceutical industry. Alex Hogan/STAT Ed Silverman @Pharmalot
Facebook Twitter News North Korea tries to accelerate building of walls and fences along border with China There are signs that North Korea is running into serious difficulties with its corn harvest North Flunks Human Rights Test SHARE News US-based international human rights watchdog ‘Freedom House’ has singled out North Korea as the worst repressor of political and civil rights in its annual index of human rights conditions worldwide. Releasing its ‘Freedom in the World 2013’ index on the 16th, the group said the North Korean regime scored a total of seven points for its efforts to protect political rights and civil liberties. Seven is the worst possible score that a country can receive.Releasing the news, Freedom House Asia Research Analyst Sarah Cook told Voice of America (VOA) that during the first year of Kim Jong Eun’s reign, the new leader has ramped up crackdowns on defection and there have been no visible signs of improvement on political rights and civil liberties.In terms of political rights, Freedom House specifies as imperative the right to vote freely without interference, to choose one’s government and legislature, to form political parties and freely express ideas, while it says civil liberties covers the right to free expression, movement, residence, labor, education, faith, assembly and association. RELATED ARTICLESMORE FROM AUTHOR Daily NKQuestions or comments about this article? Contact us at [email protected] News News By Daily NK – 2013.01.18 4:49am Entire border patrol unit in North Hamgyong Province placed into quarantine following “paratyphoid” outbreak
Editor’s note: Coverage of Morningstar’s Executive Forum in Vancouver on the implications of phase two of the Client Relationship Model — known as CRM2 — concludes with a discussion of how investors will respond to greater disclosure and transparency of fees. The executive panellists: Sandy Martin, senior vice-president and chief compliance officer with the full-service investment dealer Raymond James Ltd.; Tom Bradley, president of Steadyhand Investment Management Ltd., a direct-sales fund company; and Warren Funt, who manages operations in Western Canada for the Investment Industry Regulatory Organization of Canada (IIROC). Held on Oct. 29, the panel was moderated by Morningstar editor Rudy Luukko. Rudy Luukko Related news Low investor awareness of CRM2 a challenge for firms and advisors Investors more confident in mutual funds, discerning of fees Asset managers say increasing regulation top near-term challenge Facebook LinkedIn Twitter Share this article and your comments with peers on social media Keywords Client relationship model Luukko: There’s one school of thought that if you make fees much more transparent, people will get sticker shock and decide they’re going to leave their advisor and go do it all themselves or get a robo-advisor. Another school of thought is that since fees are going to be out in the open, an advisor can just deal with other issues of the relationship including the value that they’re providing. Are there going to be ramifications in terms of client desertion or anything along that line as a consequence of CRM2? Martin: What I really see happening is that we’re going to see migration of advisors from fee-based and transactional accounts. What that means is they will end up in portfolio managed accounts. Clients will know what the fees are upfront. What we’re likely to see is a lot of smaller clients not being in a position to be able to afford or be able to have the capital to invest in portfolio managed accounts. Bradley: I think we all in this room hope there’s going to be one million to two million Canadians who are free agents to come out of this, and we can all compete for them. Maybe I’m being optimistic, but I think this is going to allow clients to move to where they should be. There are lots of full-service brokerage clients that shouldn’t be full-service brokerage clients. They’re not getting much service. They don’t have the needs that would demand the attention of a broker and so they should be with a discount broker, they should be with a robo-advisor, they should be at a bank branch or they should be at Steadyhand or Leith Wheeler or somewhere like that. It’s an inevitable consequence of (CRM2) that we’re going to get some movement. Funt: I wouldn’t call it an unintended or an intended consequence. Clients will move to where they want to move to because they understand the price they are paying. Luukko: Is disclosure enough? Bradley: I think we should go all the way and get rid of trailer fees. I do feel very strongly that CRM2 will certainly raise the awareness that there are trailers out there. But I think if we really want to change and finish this shift that we’re going through — a seismic shift — I’d love to see them go. I don’t want the marketing department at a fund company deciding how the payment or the compensation is going to be between the client and the advisor. I would much rather see that decided between the client and the advisor. Martin: CRM2 will determine whether clients receive any value from disclosure. I can tell you, time and again we run into clients that don’t even open statements. They want to go to (advisors) with their statements because then they don’t have to look at them. I do kind of wonder whether or not this particular effort (CRM2) will actually have any impact on a good percentage of the clients that are investing. They don’t have a lot of time to look at the stuff and there is a lot of disclosure. Bradley: I agree with Sandy, but if there is any place we are going to get through to clients and get them to look at something it’s on their statement. When I talk about closing the feedback loop, that’s why I think it’s so important that cost and performance are there. But I agree a lot of people aren’t going to see that or read it or understand it. Funt: We are giving them the choice. If you give them that information, particularly when it comes to price information as to what they are paying for a service, they need to open it. If they care enough to open it, that’s great. Bradley: I think we should all care. I would think that the regulators, in coming up with policy and things that we all have to follow in this room, would be doing things that are more inclined to work than not work. Funt: The point is, it’s the investors’ choice. So, if I choose not to open my Visa statement, it’s the same kind of thing. I should and I do. So should the (investment) client, but we can’t make them open the statement. This concludes coverage of the CRM2 Executive Forum. Click here for Part 1.