Intel in talks to buy Israel’s Moovit public transit app for $1 billion: Media

first_imgChipmaker Intel Corp is in advanced talks to acquire Israeli public transit app developer Moovit for US$1 billion, financial news website Calcalist reported on Sunday.Moovit has raised $133 million from investors including Intel, BMW iVentures and Sequoia Capital.Officials at Intel Israel and Moovit declined to comment on the report. Calcalist reported that people with knowledge of the talks, who spoke on condition of anonymity, said the deal is very close to being signed.Moovit’s free mobile navigation app provides transit information to more than 750 million users in 100 countries.Last month it launched an emergency mobilization service, which was created for transit agencies and enterprises during the COVID-19 pandemic. The technology transforms vehicle fleets into an on-demand service to get essential employees safely to work and has been implemented in a number of cities by large corporations.Intel has made significant investments already in Israel, having acquired autonomous vehicle technology provider Mobileye for $15.3 billion in 2017. In December it bought Israeli artificial intelligence firm Habana Labs for $2 billion.Topics :last_img read more

TOBAM joins smart beta bonds fray

first_imgOne of the pioneers of equity smart beta, Paris-based TOBAM, has joined the handful of competitors, including Pimco, Research Affiliates, Quoniam and Ossiam, in launching a strategy in fixed income.TOBAM’s US credit strategy has been seeded with €30m from an existing investor and will be the first sub-fund in the firm’s new Luxembourg SICAV, Most Diversified Portfolio.It is the first to transfer the maximum diversification methodology from equities to bonds, applying the Merrill Lynch US Corporate Bond index as reference. Maximum diversification aims to construct portfolios that maximise the ratio of their constituents’ weighted average volatility to the portfolios’ overall volatility.TOBAM’s president and CIO Yves Choueifaty said: “We have exported the concept to most equity markets now, and the market closest to equity is credit.” “We will look at other markets after starting in the US as the most liquid and efficient,” he added. “Expansion into other markets will be driven by client appetite, as always, and for now we are dedicated to making this strategy successful, but we have proven the portability of the concept.”Choueifaty claims that on average maximum diversification will add 120 basis points of annual return over the benchmark, with 15-20% less volatility.While Choueifaty acknowledges the potential for credit markets to exhibit high correlations, he argues that much of this comes from duration. The TOBAM strategy will maintain the same duration as the Merrill Lynch universe.For similar reasons, he told IPE that the only market to which he would be reluctant to apply maximum diversification is government bonds – despite this being the focus of the first fixed income smart beta products.“The concept depends on an understanding that market participants are rational actors, and in government bonds we have a completely irrational actor in the form of central banks,” he said.Nonetheless, implementation in corporate bonds is not as straightforward as in equity markets. Liquidity is tighter, documentation and covenants vary from one security to another, and individual issuers often have many more than one bond, at different maturities, outstanding at any one time. Security selection is important, and TOBAM hired a fixed income expert from Société Générale in January to help in this area, once the basic applicability of the concept had been assessed.“While selection will not diverge very much from the theoretical portfolio, this strategy cannot simply rely on the mathematics,” said Choueifaty. “Maximum diversification in equities is like flying an Airbus, whereas in fixed income it is more like flying a Cessna.”TOBAM, which is owned by its employees, Amundi and US pensions giant CalPERS, enjoyed a successful 2013, doubling it’s assets under management. It now manages $6bn (€4.3bn). Pension funds represent more than 80% of those assets, with most coming from Switzerland, North America, the Netherlands and the UK. The firm aims to raise its North American assets from 21% to 50%, and as part of that effort it recently announced an agreement with The Dreyfus Corporation, a BNY Mellon company, to launch the Dreyfus TOBAM Emerging Markets fund.last_img read more

Russia opens doors to St Lucians

first_imgNewsRegional Russia opens doors to St Lucians by: – March 9, 2011 62 Views   no discussions Share Share Tweetcenter_img St Lucians have been told to expect some academic benefits, in the field of science and technology, as their government enhances diplomatic relations with Russia. The two have signed a Protocol of Intentions which will, among other things, provide a number of state scholarships at Russian universities and territory institutions.“This protocol of intention allows us to move in the multilateral arena and to hold discussions in terms of improving our bilateral relations,” Minister of External Affairs, International Trade and Investment Rufus Bousquet said. “Of course it also includes a clause which allows us to put high level experts to hold discussions on matters of mutual interest…We understand that Russia has a very strong academic record in the areas of engineering and I am sure that there will be many St Lucians who would like to take advantage of that expertise.” Russia’s Ambassador designate to St Lucia, Victor Zotin, said that the island’s tourism industry will also receive assistance as his government’s is willing to collaborate to boost tourist arrivals from his country.“I hope very much that the other steps will follow this document and we shall develop a relationship between our two states. We are interested in developing all round relations with your country: education, investments and tourism which is very important for your country. I hope very much that more and more Russians will come to your beautiful island of St Lucia,” Ambassador Zotin said. The two countries formally established diplomatic relations in 1979, soon after the country gained political independence from Great Britain.Source: Caribbean 360 Sharing is caring! Sharelast_img read more

Waitukubuli National Trail Project’s Training Programme in Tour/Trail Guiding

first_img Share Share Share 11 Views   no discussions LocalNews Waitukubuli National Trail Project’s Training Programme in Tour/Trail Guiding by: – July 26, 2011center_img Sharing is caring! Tweet Photo credit: Summer Challenge Heritage Photography CompetitionRoseau, Dominica, July 26, 2011 The Waitukubuli National Trail Project Management Unit continues its capacity building training programme in various fields to provide products and services that support operation of the Waitukubuli National Trail beyond the project life.As part of this ongoing effort the Waitukubuli National Trail Project Management Unit has collaborated with the Dominica state college to execute a series of training programmes in tour/trail guiding Nature Animation Level one, which saw participation of 45 persons from across the island.This ensures that a cadre of trail guides is available within rural communities along the trail.A closing ceremony for the basic level program will take place on Wednesday July 27th at the Public Service Union at 4.30pm.Press ReleaseWaitukubuli National Trail Project Management Unitlast_img read more

Maldini ‘recovers from coronavirus’

first_img Promoted ContentTop 10 TV Friends Who Used To Be Enemies11 Most Immersive Game To Play On Your Table Top12 Countries With The Most Impressive Technological Innovations8 Infamous Mistakes That Cost People BillionsFantastic-Looking (and Probably Delicious) Bread Art9 Facts You Should Know Before Getting A Tattoo5 Reasons Why The Black Widow Solo Movie Will Be Awesome7 Ways To Understand Your Girlfriend Better10 Gorgeous Asian Actresses No Man Can ResistCan Playing Too Many Video Games Hurt Your Body?Mesmerizing Pictures Of World’s Most Beautiful StaircasesIs This The Most Delicious Food In The World? Milan chief, Paolo Maldini, has joined his son Daniel in recovering from coronavirus. Loading… Now, Gazzetta dello Sport and Calciomercato.com claim Maldini Sr. has also made a full recovery and already resumed his duties for the Rossoneri. read also:Ronaldo voted greatest player of all time in fan tournament Despite being the club’s technical director, his future seems to be away from San Siro. FacebookTwitterWhatsAppEmail分享 The pair tested positive for COVID-19 last month and went on to observe a period in quarantine together. Daniel, who is following in his father’s footsteps playing for Milan, confirmed last week that he was no longer showing symptoms.Advertisementlast_img read more

Indiana State Police urge caution during holiday travel

first_imgDon’t forget to watch for slow moving farm equipment on county and state roads. ·Make sure you are well rested.  A fatigued driver is as dangerous as an impaired driver. Use headlights even during daylight hours. Watch attentively for motorcycles. Check blinds spots before changing lanes and look twice at intersections before you turn or pull out into traffic. Reduce your speed in rain and NEVER DRIVE INTO WATER FLOWING OVER THE ROADWAY. Decrease your speed in construction zones-Obey posted speed limits. Don’t use cruise control in heavy traffic.center_img REMEMBER TO SLOW DOWN AND MOVE OVER FOR EMERGENCY VEHICLES, TOW TRUCKS, SERVICE TRUCKS AND HIGHWAY MAINTENANCE VEHICLES!! Increase the distance between you and the vehicle ahead of you, especially in construction zones. Always signal lane changes. Versailles, In. — AAA is predicting this to be the most traveled Fourth of July Holiday period on record, with 46.9 million Americans expected to travel more than 50 miles from home. Some of the reasons given are gas prices are lower than Memorial Day, with airfare and car rental costs being lower as well.To help ensure the safety of all motorists during this 4th of July holiday period, the Indiana State Police will be participating in Operation C.A.R.E., Combined Accident Reduction Effort, and DUIEP, or Driving Under the Influence Enforcement Project. Both of these programs are federally funded programs that will allow extra troopers to patrol Hoosier highways during the upcoming holiday period.Indiana State Police encourage all motorists to observe the following safety tips:Leave early. Allow extra time to get to your destination. Be cautious and observant when turning left. A primary cause of crashes between vehicles and motorcycles is when a vehicle turns left in front of an oncoming motorcycle.Obey all traffic laws and never drive impaired.Know before you goWith all the road construction going on around the state, you may check on traffic and road conditions, crashes and construction on state highways by visiting http://indot.carsprogram.org, calling 1-800-261-ROAD (7623), or dialing 511 from a mobile phoneThe Pendleton District covers the eight counties of Delaware, Madison, and Randolph; Henry, Wayne, Union, Rush and Fayette counties.  Motorists are encouraged to report suspected impaired drivers by calling 9-1-1. Give a vehicle description, location, and direction of travel. Never follow an impaired driver.last_img read more

EPL: Newcastle face Saints test

first_imgRelatedPosts EPL: Newcastle set to extend winning streak EPL: Newcastle hammer West Ham away EPL: West Ham, Newcastle in cagey duel Newcastle vs. SouthamptonVenue: St James’ ParkKick off: 3PMTwo teams in good form will lock horns at St James’ Park this afternoon as Newcastle United welcome Southampton for what should be a fascinating encounter.Newcastle have won three of their last five in the Premier League to rise into 11th position in the table, while Southampton are out of the relegation zone following back-to-back victories.It would be fair to say that there was a lot of resistance from the Newcastle fans when Steve Bruce replaced Rafael Benitez as head coach, but things are starting to look up for the Magpies after a tough start to the season.Since drawing 1-1 at home to Wolverhampton Wanderers at the end of October, Newcastle have won three of their five Premier League matches, suffering just one defeat in the process.They held Manchester City to a 2-2 draw at St James’ Park last weekend before recording an impressive 2-0 win at Sheffield United on Thursday night.There was more than a hint of controversy about the team’s second of the night through Jonjo Shelvey, but Allan Saint-Maximin had already sent the visitors ahead.Bruce’s team are now in 11th position in the table with 19 points, the same number as Arsenal and Sheffield United.The Magpies are only four points off seventh-placed Wolves, meanwhile, which is an indication of just how quickly things can change at this level of football.A win for Newcastle this afternoon could actually move them as high as sixth depending on other results, and the Magpies are unbeaten against Southampton since April 2016, winning two of the last three Premier League matches between the two sides.There were calls for Ralph Hasenhuttl to be sacked as Southampton boss in the aftermath of the 9-0 home defeat to Leicester City at the end of October.The Saints stuck with their manager, though, and there is no question that things have started to turn for the team in recent weeks.The 2-1 home defeat to Everton on November 9 was another low point, but a 2-2 draw at Arsenal after the international break has been followed by back-to-back wins.Indeed, Hasenhuttl’s side have recorded successive 2-1 wins over Watford and Norwich City at St Mary’s to climb out of the relegation zone.The Saints are 17th heading into this weekend’s fixtures, one point clear of Everton, who took the decision to sack Marco Silva following Wednesday’s loss at Liverpool.Southampton will also believe that their next three are winnable when considering that they will face Newcastle, West Ham United and Aston Villa before travelling to Chelsea on Boxing Day.Danny Ings has been absolutely key to the team’s turnaround in recent weeks, with the striker managing four goals in his last four Premier League appearances, while the 27-year-old has 10 in 17 appearances in all competitions during the 2019-20 campaign. Newcastle United possible XI: Dubravka, Manquillo, Fernandez, Clark, Dummett, Willems, Almiron, Hayden, Shelvey, Saint-Maximin, Joelinton.Southampton possible XI: McCarthy, Cedric, Stephens, Bednarek, Bertrand, Djenepo, Ward-Prowse, Hojbjerg, Redmond, Ings, Long.Tags: Newcastle Unitedlast_img read more

Airlines End Medical Exception for Face Mask Rule, Step Up Testing

first_imgAdditionally, Delta will be expanding coronavirus testing at its hub airports, while providing at-home tests for its employees in the hard-hit states of Florida and Texas.Reservations agents who do not work at hubs will also receive the at-home tests, according to the airline.Delta expects to have tested all of its U.S. employees within the next four weeks.Earlier this week, that airline began requiring passengers who claimed a medical exception to the face mask rule to go through new screening. That includes a phone call with a staff member at the University of Pittsburgh Medical Center. Some of the largest airlines are changing their face mask and coronavirus-related policies.For starters, Delta Air Lines plans to provide at-home COVID-19 tests for some of its employees.Delta competitors Southwest and American Airlines will be tightening their rules on face masks, by ending exceptions that have been in place for medical reasons.“We’re simply seeing too many exceptions to the (mask) policy. It has put our flight crews in a really tough spot and also made our customers pretty uncomfortable,” Southwest President Tom Nealon said Thursday.The moves come as airlines attempt to reassure passengers and employees about safety, at a time when many people are afraid to fly.We know you have questions about traveling, so we caught up with infectious disease expert Dr. Michael Saag to explain why airplane cabin air is clean, safe and healthy to breathe. pic.twitter.com/XGI90nW86t— Delta (@Delta) July 16, 2020last_img read more

England fined for slow over-rate in first T20 aganist Australia

first_imgSOUTHAMPTON: England players have been fined 20 per cent of their match fees for maintaining a slow over-rate against Australia in the first T20I in Southampton on Friday.Chris Broad of the ICC Elite Panel of Match Referees imposed the sanction after Eoin Morgan’s side was ruled to be one over short of the target after time allowances were taken into consideration. In accordance with Article 2.22 of the ICC Code of Conduct for Players and Player Support Personnel, which relates to minimum over-rate offences, players are fined 20 per cent of their match fees for every over their side fails to bowl in the allotted time. Morgan pleaded guilty to the offence and accepted the proposed sanction, so there was no need for a formal hearing. On-field umpires Martin Saggers and Alex Wharf, third umpire David Millns and fourth umpire Mike Burns levelled the charge. IANS Also Watch: Honouring Retired Teachers at their Homes on Teachers Daylast_img read more

England to back Buttler, but Denly in the firing line

first_imgLondon , United Kingdom (AFP) — England are set to keep faith with Jos Buttler despite defeat to West Indies in the first Test of a three-match series, but time may be up for Joe Denly.Captain Joe Root is set to return for the second Test starting on Thursday at Old Trafford after missing the four-wicket defeat in Southampton to attend the birth of his second child.The England selectors have big decisions to make after again losing the game with the bat rather than the ball despite the controversial omission of Stuart Broad.An under-par 204 in the first innings and the loss of five wickets for 30 runs on the fourth evening set the platform for the tourists to take first blood.Denly and Buttler were involved in both passages and find themselves increasingly under pressure for their places — the former being squeezed by Root’s return and Zak Crawley’s fine 76 on Saturday, the latter from Surrey gloveman Ben Foakes.England Head Coach Chris Silverwood, though, has only offered strong reassurance to one of the duo.Buttler has a Test average of just 23.22 since the start of 2019 and now only one hundred in 75 innings.“I’m not gonna go down that road yet of putting Jos under pressure, because I don’t think it’s going to help him,” said Silverwood. “First and foremost we want to give Jos the best opportunity to succeed.“But I’m sure he is asking the same questions. He looked brilliant coming into this game, in practice and everything and he looked very good in the first innings. He just needs to go and make those big scores now doesn’t he? He knows that as well.“From our point of view it’s just making sure that he feels confident in the environment he’s in.”There looks certain to be change higher up the order, though, with Denly’s knocks of 18 and 29 doing little to show that he can haul his performances up to the required standard for a long-term Test number three.At just 22, Crawley is 12 years Denley’s junior and by producing England’s top score of the match in tense circumstances in the second innings he appeared to make an irresistible grab for the shirt.“We’re all desperate to see Joe do really well. We can see he’s trying hard, he’s training hard and he’s a great bloke, hence why we all want to see him do well,” said Silverwood.“But obviously he’s under pressure a little bit, yes. Zak is improving constantly. I think he certainly showed maturity and the innings he played was very good.“We have some young players in that side that seem to have good heads on their shoulders, and he’s one of them. That’s what we are looking for.last_img read more