Category: sdcmhmij


The tender trap

first_imgON FEBRUARY 12 Netherlands Transport Minister Annemarie Jorritsma rejected the concept of open competition for passengers on the national network until at least 2000 unless ’something extra is offered which would add value to existing services.’ She threw out an application by Lovers Rail to run rival services from Amsterdam to Hilversum and Rotterdam. But Lovers will be able to operate an hourly Keukenhof Express between Amsterdam and Leiden via Haarlem to serve the tulip exhibition at Lisse next month. After reviewing the 30 routes identified by NS as unprofitable, she has agreed to the closure of Almelo – Marilast_img read more


Top 400 Asset Managers 2017: BlackRock dominates inflows

first_imgAs a result, Amundi and Legal & General Investment Management came 11th and 12th, despite both breaking through the €1trn barrier.  With nearly €4.9trn of assets, BlackRock tops IPE’s Top 400 latest ranking of asset managers in terms of global assets under management (AUM).BlackRock’s market share was 7.7% of global assets at the end of 2016. The firm also recorded the highest inflows during the year, bringing in €192bn – nearly three times that of its nearest rival.Amundi Asset Management, AXA Investment Managers, Goldman Sachs Asset Management and JP Morgan Asset Management made up the rest of the top five for inflows during the year. The ranking of global managers is largely unchanged from last year, but Fidelity Investments entered the top 10, reporting €2.13trn of AUM and attaining fourth place, following a year in which it expanded its exchange-traded fund business. Source: IPETop 400 Asset Managers 2017: European institutional AUMBlackRock also topped the AUM ranking of managers of European institutional assets, with €912bn.Amundi climbed several places in the ranking to fifth place, reporting an AUM increase of nearly 15% to €309bn. The French asset manager was aided by its strong inflows as well as its acquisition of Pioneer Investments.Credit Suisse moved up to 10th place, reporting €215bn of assets managed on behalf of European institutional clients. Aberdeen Asset Management fell out of the top five, following a year of outflows. The survey does not reflect the recent merger deals involving Aberdeen and Standard Life Investments, or Janus and Henderson Global Investors.Leading asset managers ran €63.3trn of assets globally at the end of 2016 the Top 400 Asset Managers survey shows. Global assets grew 12% during 2016, in line with the previous year’s growth rate.Total assets managed on behalf of European institutional clients reached €8.9trn. European institutional assets grew 2.3% during 2016.For the full Top 400 Asset Managers Special Report, click here.For last year’s rankings, click here.center_img Source: IPETop 400 Asset Managers 2017: Inflows and outflowslast_img read more


Norway considers cull of all energy stocks – including renewables

first_imgAs much as NOK300bn (€30.8bn) could be divested from energy stocks by Norway’s giant sovereign wealth fund.The Norwegian Ministry of Finance has tasked a group of experts with reviewing whether the NOK8.1trn (€830bn) Government Pension Fund Global (GPFG)  should drop all energy stocks from its portfolio – including companies involved in renewable energy.It follows advice received in November from the fund’s manager, Norges Bank, to remove the oil and gas sector from the fund’s equity benchmark index.The bank argued that offloading the stocks would make the government’s overall wealth less vulnerable to a permanent drop in oil and gas prices, taking account not only of the GPFG’s investments but also the government’s stake in oil firm Statoil. Siv Jensen, Norway’s minister of finance, said: “The government seeks a broad basis for its decision. The issue must be thoroughly examined, as is the case for all important matters in the management of the GPFG.”The ministry said it wanted the expert group to consider divestment from FTSE Russell’s energy sector indices, which are to be adjusted at the end of this year as part of a wider overhaul of the company’s benchmarks. The sector includes alternative fuels and renewable energy equipment stocks, and from 1 January 2019 will also include coal companies.The GPFG currently invests roughly 4% of its portfolio in the sector, worth roughly NOK300bn.The ministry has also launched a public consultation on the issue, and has written to Norges Bank asking for additional information about the proposed divestment of the stocks.The group will be chaired by Øystein Thøgersen, professor and rector at NHH Norwegian School of Economics. Other members include Harald Magnus Andreassen, chief economist at Sparebank 1 Markets, and Olaug Svarva, the former chief executive of Folketrygdfondet, which manages the Nordic investment segment of the country’s sovereign wealth assets.In its letter to Norges Bank, the ministry said it wanted more information on some aspects on the advice already received, including the basis for recommending a larger deviation between the fund’s benchmark index and the investment universe.“In this way, the bank can continue to invest in companies in that sector, for example, within renewable energy, by deviating from the reference index within the given risk limits,” it wrote.The government aimed to conclude the matter this autumn, the ministry said.last_img read more


‘Transgender women aren’t women’ – Australian academic slams her critics

first_imgOneNewsNow 26 October 2015Australian academic Germaine Greer has defended her earlier comments on transgender women, saying that “it doesn’t make them (transgender women) a woman”.“I think people should be allowed to have the male to female procedure… all I’m saying is that it doesn’t make them a woman,” she said in an interview with BBC Newsnight.She also claims that “a great many women” who are not transgender think transgender women – who she refers to as “male to female transgender people” – do not “look like, sound like or behave like women”.Her comments have prompted an outburst, with critics saying she should “keep quiet” on the issue.Greer did say that she would be prepared to use female pronouns when referring to someone if that was their preference, “as a courtesy”.A petition has been launched asking Cardiff University to cancel a lecture by Germaine Greer, saying her views are “problematic” for transgender people. read more


Leising encourages ‘Community Crossing Grant’ participation

first_imgOldenburg, In. — The Indiana General Assembly passed legislation in 2016 to create a program to help cities, counties and towns across our state improve their roads and bridges – the Community Crossings Matching Grant Program.Through the program, the Indiana Department of Transportation matches up to $1 million when localities invest in road and bridge repairs. Counties with populations below 50,000 and cities and towns with populations below 10,000 receive a 75/25 percent match, while counties with populations greater than 50,000 and cities and towns with populations greater than 10,000 receive a 50/50 percent match.Monetary awards are based on need, traffic volume, local support and regional economic significance.Since 2016, the program has awarded Indiana communities across the state with $300 million to enhance roads and bridges.I encourage community leaders in Senate District 42 to learn more about this program and take advantage of the support it provides.Applications can be submitted beginning Monday, Aug. 6. The submission deadline is 5 p.m. on Friday, Sept. 28.To access an application, click here.last_img read more


Study: Cincinnati ranks as a top ‘Cold Destination’

first_imgBatesville, In. — The Old Farmers’ Almanac says winter temperatures will be above average and rainfall totals will exceed snow totals. With a favorable travel forecast in mind, WalletHub compared 70 of the largest metropolitan areas in the United States in 30 key areas to determine the “Best Cold Destinations” and the “Best Warm Destinations”.Cincinnati made the #4 spot for “cold” destinations. The closest ranked “warm” destination is Orlando, Florida- ranked #2.A link to the full report is here.last_img read more


Lynam duo fall to Lethal display

first_img While conditions were as conducive as they ever would be for a fast time, a measure of Lethal Force’s standing can be seen by the fact that he covered the six furlongs in 1.09.11 – some four-tenths of a second quicker than European champion sprinter Stravinsky managed back in 1999. Kirby, who picked up a four-day whip ban on a day when he received a total of eight days, said of the winner: “He’s fast. I jumped out, got into a beautiful rhythm and things went nicely to plan, but he had no concentration just after the two pole. When I gave him a smack he jinked, he nearly slipped, he wasn’t expecting it. But he was very good.” Cox added: “I’m so proud of him. Even when he won at Royal Ascot they said he was lucky and it was a good ride, but I think he’s confirmed today he’s pretty good. There might be a few doubters silenced now. I’m thrilled for everyone back home. “He came back from Ascot really well and he was cherry-ripe today. Physically he has matured, and strengthening from three to four has been the key. To break the track record is brilliant. “I was a bit worried about the undulations, but he put that to bed really well. Adam said if anything he was idling a bit in front. He gave him a smack and the result was clear. “He’ll tell us how he comes back from here. We’ve got lots of nice options. He’s a seven-furlong Group Two winner, so the Maurice de Gheest is possible (over six and a half furlongs at Deauville) and beyond that we’ve had lots of kind invitations from as far afield as Australia and Hong Kong. We’ll just take it a step at a time.” Press Association Adam Kirby blazed up the stands rail on the Clive Cox-trained grey (9-2) with Slade Power never far away and Sole Power held up for his usual late challenge, but the writing was on the wall when the leader kicked away inside the final two furlongs. Winner of the Diamond Jubilee Stakes at Royal Ascot, Lethal Force again proved too good for closest pursuer Society Rock, this time by a length and a half, with a further three-quarters of a length to Slade Power in third. Shea Shea and Sole Power were another neck and a head away, with Aidan O’Brien’s Gale Force Ten in sixth. center_img Eddie Lynam’s pair Sole Power and Slade Power did the County Meath trainer proud in the Darley July Cup at Newmarket but they were ultimately no match for Lethal Force, who confirmed himself the leading sprinter in Europe.last_img read more


“I deserve Arjuna; won it on Merit; not bothered about who is saying what”: Manika Batra

first_imgNeeraj Chopra, winner of Gold medal in Commonwealth Games and Asian Games 2018, Bajrang Punia, who won gold in both CWG and Asian Games and Vinesh Phogat, first Indian woman to win gold in CWG and Asian Games, were also discussed for the Khel Ratna, but the panel felt they still had age and time to get the award.All the three athletes had won back to back CWG & Asian Games gold medals this year and were also hot favourites but the panel felt that Kohli’s achievements in cricket were “distinctly greater” than any other in the fray. LIVE TV COMMENT Video Player is loading.Play VideoPlayMuteCurrent Time 0:00Loaded: 0%Duration 0:00Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedSubtitlessubtitles settings, opens subtitles settings dialogsubtitles off, selectedAudio TrackQuality LevelsFullscreenThis is a modal window. This video is restricted from playing on your current domain Error Code: PLAYER_ERR_DOMAIN_RESTRICTED Written By Suman Ray Unfazed over the questions raised by critics on whether she deserved this year’s Arjuna award, Manika Batra, the multiple gold medalist of 2018 CWG, says her claim for the award was “genuine and based on merit.” The table tennis sensation was candid enough to admit that she was a little surprised at being recommended for Arjuna awards this year but was quick to add that her CWG achievements were good enough to win her the top award.”Yes, I am surprised to get it so early in my career. But I am happy because I deserved it & won it on merit,” Manika told Republic TV in an exclusive interview on Thursday. First Published: 20th September, 2018 15:54 IST SUBSCRIBE TO US “I am not bothered about who is saying what. If they chose to ignore my achievements at this year’s CWG, then what can I say? I am happy that those who matter (Arjuna Awards Committee) found merit in my performance and I am grateful to them,” the CWG champion said. WE RECOMMENDcenter_img FOLLOW US Last Updated: 20th September, 2018 17:48 IST “I Deserve Arjuna; Won It On Merit; Not Bothered About Who Is Saying What”: Manika Batra Unfazed over the questions raised by critics on whether she deserved this year’s Arjuna award, Manika Batra, the multiple gold medalist of 2018 CWG, says her claim for the award was “genuine and based on merit.” 1 year ago ASIA CUP 2018: Hardik Pandya, Axar Patel and Shardul Thakur ruled out of the tournament; replacements announced Earlier this week, the list for Arjuna award and Khel Ratna was announced. Virat Kohli was third time lucky as most of the Arjuna Awards Committee members found full merit in his nomination for this 2018 Rajiv Gandhi Khel Ratna award, along with Mirabai Chanu, who clinched an unprecedented Gold medal in the World Weightlifting Championship. Session ID: 2020-09-09:1f8d8387c2127ef849def37 Player Element ID: video_player_5f58646d6c239 OK Close Modal DialogBeginning 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.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreen 1 year ago Arun Jaitley calls Rahul Gandhi a ‘Clown Prince’ in unprecedented attack over Rafale and NPAs. Read here WATCH US LIVE When asked what would she tell her detractors and critics who felt the award has come a bit too early, she said there were two more in the list who were younger than her. “I will next win a medal at the World Championship & Olympics to claim Khel Ratna award one day.”Ignoring the critics with a smile and strengthening her own’s focus is a rare gift or a trademark possessed by only champion sports persons. Merit is not about perception or subjectivity, its a defined measurement of talent in an individual which cannot be challenged, believes Manika Batra, 2018 CWG multiple gold medalist. 1 year ago Tweeting In Hindi Gaining Popularity In India, Says US studylast_img read more


Best of the Caribbean

first_imgSteven ‘Jabba’ Beckford Steven ‘DJ Jabba’ Beckford has been in the music business long enough to know the importance of listening to your fans.After the 2012 Best Of The Best show at Bicentennial Park in Miami, he and co-founder Joey Budafuco decided they would cut back on hip hop acts.“In life, mi learn from my mistakes an’ people mistakes, an’ one of di mistakes mi mek was put to much hip hop artiste pon Best Of The Best,” he told Caribbean National Weekly.Best Of The Best 2017, which takes place May 28 at Bayfront Park in Miami, was launched Thursday at Club Iguana in Pembroke Pines.This year has a strong Jamaican dancehall lineup, complemented by acts from Trinidad and Tobago and The Bahamas. According to DJ Jabba, while 2012 was a commercial success, the fans were not pleased with the number of hip hop artistes.“We had Rick Ross, DJ Khaled, 2 Chainz an’ Young Jeezy an’ it draw a wicked crowd but wi core people neva like it,” he explained.Best Of The Best audiences, he noted, love to see a diverse Caribbean package. Which is what promoters are offering this year.In addition to current dancehall heavyweights Mavado, Aidonia, Masica, Christopher Martin and Dexta Daps, Trinidadian soca artistes Patrice Roberts and Lyrikal, and Bahamian performers Julien Believe and Dyson Knight, are on the bill.“The Bahamian people roll out an’ support wi, like the Trinidad people, so wi treat dis as a family business. Wi have to make everybody happy,” said Jabba.Best Of The Best was first held in 2007 at Bicentennial Park. It celebrated its tenth anniversary last year.last_img read more


BREAKING NEWS: UEFA to investigate seven clubs over FFP

first_imgUEFA are to investigate seven clubs, including Liverpool and Inter, over possible breaches of Financial Fair Play (FFP) regulations.The news was announced on Thursday, as European football’s governing body attempts to crack down on clubs living beyond their financial means. As well as the likes of Inter and Liverpool, Monaco and Roma are also under investigation from the UEFA Club Financial Control Body (CFCB), after they failed to break even in their latest financial reports. “The CFCB has opened formal investigations into seven clubs (AS Monaco, AS Roma, Besiktas JK, FC Internazionale Milano, FC Krasnodar, Liverpool FC and Sporting Clube de Portugal) as they disclosed a break-even deficit on the basis of their financial reporting periods ending in 2012 and 2013,” a statement read. “These clubs will need to submit additional monitoring information during October and November upon the deadlines set by the CFCB, subsequent to which, an additional communication shall be made and conservatory measures may be imposed.”The likes of Manchester City and Paris Saint-Germain were sanctioned by UEFA back in May, after both clubs were found to be in breach of the regulations. Premier League champions City were hit with a fine of €60million, while their squad for this season’s UEFA Champions League was reduced to 21 players.  PSG, champions of Ligue 1, were hit with a similar punishment, although both club’s fines will be reduced to €20m if they comply with the body’s break-even rules in the future.last_img read more