Dubai World seals $25bn debt restructure deal

first_imgFriday 10 September 2010 6:56 am whatsapp State-owned conglomerate Dubai World on Friday reached a formal deal to restructure around $24.9 bn (£16.1bn) of liabilities, partly easing recently heightened concerns over the Gulf emirate’s debt woes.While Dubai World’s agreement with most of its creditors is seen as a positive step for Dubai, the announcement comes just days after a unit of Dubai Holding, the conglomerate owned by Dubai’s ruler, said it will delay repayment on a $555m loan, the second time it has failed to meet a repayment deadline.“Most players had expected this outcome and that the restructuring would be completed by October or November,” said Andre Andrijanovs, credit analyst at Exotix in London.“It is a surprise that it has happened so quickly and that an agreement was reached this week, and that be will a positive momentum for Dubai … There are other situations though that need resolving such as Dubai Holding.”Dubai World reached an agreement with over 99 percent of its creditors by value to restructure around $24.9 billion of liabilities, the government of Dubai said in a statement. Dubai World said in a separate statement it is well positioned to close the restructuring in “the coming weeks.”“The agreement formalises a strong consensus about a fair and balanced restructuring proposal and is a key step to putting Dubai World on a sound and stable financial footing,” Sheikh Ahmad Bin Saeed Al Maktoum, chairman of the Dubai Supreme Fiscal Committee said in the statement on Friday.The government of Dubai remains a supportive and committed shareholder, the statement added.Dubai World’s target date for completion, assuming consensual agreement reached with creditors, was October 1, a final restructuring proposal presented to creditors on 22 July and obtained by Reuters in August, showed.Concerns about the overall debt burden of Dubai’s state-linked companies mounted after Dubai announced a standstill on repaying $26bn in debt as it restructured Dubai World. It unveiled a $9.5bn rescue plan for the firm in March.“Any resolution is positive and we had news on Dubai Holding last week,” said Abdul Kadir Hussain, chief executive of Mashreq Capital in Dubai.“There is progress on all of these which will deem positive for the debt position in Dubai,” he added.FOCUS ON NAKHEELIn Friday’s statement the government said “it continues to focus on Nakheel and is pleased with the significant progress achieved by the company to date in discussions with its creditors.”Troubled Dubai property developer Nakheel, a unit of Dubai World, which overstretched itself building islands in the shape of palms and other ambitious real estate, is holding separate restructuring talks.Under the restructuring of its parent company, the developer would be placed directly in the hands of the government.Dubai World, plans to sell its prized assets over a period of eight years to generate as much as $19.4 billion to pay off creditors, according to the restructuring proposal document obtained by Reuters.It said in the document asset disposals over an eight-year period will help generate up to a maximum of $19.4bn, while similar sales based on current prices would be worth a maximum of $10.4bn.The document also showed Nakheel has $10.9 billion of bank debt and will receive key assets from Dubai World after separation. whatsapp John Dunne Dubai World seals $25bn debt restructure deal center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastUndoNoteabley25 Funny Notes Written By StrangersNoteableyUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesUndoBetterBe20 Stunning Female AthletesBetterBeUndomoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comUndoElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldUndoautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comUndoZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldUndo Show Comments ▼ More From Our Partners Native 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.orgKiller drone ‘hunted down a human target’ without being told tonypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com Share Tags: NULLlast_img read more

Miliband warns City of shake-up

first_img Ed Miliband warned that every chief executive in the UK should brace themselves as his party seeks a “fairer deal” for workers. The new Labour leader said that the UK was too dependent on the financial services industry and that the economy needed to be overhauled.“We were too exposed to financial services as an economy so the impact of the crash on the public finances was deeper on us than on others.“We need a plan for change. A plan to reform the banks, invest in the industries of the future and support the small businesses and entrepreneurs who can be the lifeblood of our economy,” he said.Miliband, speaking at Labour’s conference in Manchester, said he understood voters’ anger that: “Labour hadn’t stood up to the old ways in the City which said deregulation was the answer.”He said that it was wrong that a banker “earned more in a day than a care worker earned in a year”. Miliband said he would be pursuing a policy ensuring a “living wage” – higher than the current minimum wage – and urging wage restraint at the “top of society”.He also attacked Gordon Brown for boasting of an “end to boom and bust”.However, he also warned that he would have “no truck” with unions who acted irresponsibly. whatsapp Show Comments ▼ whatsapp Tags: NULL Tuesday 28 September 2010 10:30 am John Dunne More From Our Partners Astounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.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.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comMark Eaton, former NBA All-Star, dead at 64nypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Miliband warns City of shake-up Sharelast_img read more

China’s factory output in new boom

first_img whatsapp Show Comments ▼ China’s factories ramped up their production last month and were buoyed by an influx of new business, highlighting the strength of the world’s second-largest economy but also pointing to price pressures.Two surveys of the manufacturing sector, which are designed to provide an early indication of conditions in a broad range of industries, both jumped to six-month highs in October.The official purchasing managers’ index (PMI) rose to 54.7 in the month from 53.8 in September, blowing past expectations. The HSBC PMI, a private companion, climbed to 54.8 from 52.9.The increase was all the more impressive since the official survey has traditionally sagged in October, weighed down by the week-long National Day holiday, when factory production slows.“The fact that the PMI went up despite this seasonal bias suggests real activity growth was likely to have been exceedingly strong in October,” Goldman Sachs economists Yu Song and Helen Qiao said in a note to clients.Asian shares were lifted by the surprisingly strong PMIs, with the main index in Shanghai rising 1.9 percent in the morning session.Four straight months of stronger official PMIs jive with other signs that China’s economy has built up a head of steam.This momentum gave the government the confidence to raise interest rates on October 19 for the first time in nearly three years, and some economists believe another increase could be in store before the end of the year.Both surveys showed that output expansion was driven by domestic growth, not external demand.While the sub-index for total new orders in the official PMI climbed to a six-month high of 58.2 from 56.3, that for new export orders dipped to 52.6 from 52.8. The HSBC survey revealed a similar pattern.“Another upbeat reading for the HSBC China Manufacturing PMI suggests strong growth momentum in domestic demand to warrant about nine per cent GDP growth in the fourth quarter, despite the still soft increase in new export orders,” said Qu Hongbin, chief economist for China at HSBC.The 54.7 reading for the official PMI, released by the China Federation of Logistics and Purchasing (CFLP), was higher than the median forecast of 52.9 in a Reuters poll of 12 economists and, in fact, higher than every individual forecast.But Zhang Liqun, a government researcher, cautioned against over-optimism, saying that growth was likely to ease and that inflationary pressures were a concern by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan TimesElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farm John Dunne Share whatsappcenter_img More From Our Partners Florida woman allegedly crashes children’s birthday party, rapes teennypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comKiller drone ‘hunted down a human target’ without being told tonypost.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.orgFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.org980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comConnecticut man dies after crashing Harley into live bearnypost.com China’s factory output in new boom Monday 1 November 2010 3:32 am Tags: NULLlast_img read more

Santander to press on with UK IPO plans

first_img Share Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe 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’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Santander to press on with UK IPO plans Friday 5 November 2010 12:31 am Tags: NULL whatsapp Show Comments ▼ Spanish lender Banco Santander will go ahead with plans to list its British unit, which grew during the global financial crisis chiefly through acquisitions, chairman Emilio Botin said yesterday.A tentative timetable for the share sale could be during the first half of 2011, Botin said at a news conference in Sao Paulo. The largest Eurozone lender announced last week that its planned initial public offering of Santander UK could fetch about $4.8bn.“For now we don’t have any other plans to list other subsidiaries,” Botin, accompanied by the chief executive of Santander’s Brazil unit, Fabio Barbosa said.Botin’s remarks come after Wednesday’s unexpected departure of Antonio Horta-Osorio as head of Santander’s UK business. Horta-Osorio was seen by analysts as the banker who steered the consolidation of the Spanish lender’s acquisitions in this country.The bank’s UK unit began after its purchase of Abbey National in 2004. Santander expanded over the past two years with the purchase of Alliance & Leicester and parts of Bradford & Bingley and Royal Bank of Scotland. Santander named Botin’s eldest daughter, Ana Botin, to replace Horta-Osorio later on Wednesday.Emilio Botin added that his bank has no plans to expand in Asia through acquisitions or change the current structure of the bank’s China partnerships. He added that Santander plans “no big investments” in Asia.In addition to positioning for an eventual recovery of the UK economy, Santander has also been ramping up lending in Latin America, where growth will likely be near the highest in three decades this year. KCS-content whatsapplast_img read more

TED BAKER SEES REVENUE JUMP ON OVERSEAS SUCCESS

first_img Share TED BAKER SEES REVENUE JUMP ON OVERSEAS SUCCESS Show Comments ▼ Tags: NULL KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastBlood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBlood Pressure For LifeWhy Doctors May No Longer Prescribe Blood Pressure MedsBlood Pressure For Lifemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comLiver Health1 Bite of This Melts Belly And Arm Fat (Take Before Bed)Liver HealthWolf & ShepherdNFL Star Rob Gronkowski Loves These ShoesWolf & ShepherdTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCutecenter_img SHOPPERS flocking to Ted Baker for its butterfly knitwear and military-style coats helped the fashion chain post a 20 per cent jump in revenues for the three months to November. The retailer said sales were 8.6 per cent higher than the same time last year and it was “encouraged” by its new international stores. More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.com whatsapp Wednesday 17 November 2010 7:49 pm whatsapplast_img read more

SEC probes Citi on mortgage securities deal

first_img SEC probes Citi on mortgage securities deal KCS-content Thursday 18 November 2010 7:29 pm THE US Securities and Exchange Commission (SEC) is investigating Citigroup’s role in a $1bn mortgage-backed securities deal in 2007.Citigroup “improperly pushed an independent manager to put specific assets” in a collateralised debt obligation (CDO) it created in February 2007. The deal, which was backed by other CDOs that were backed by slices of subprime mortgages, was managed by Credit Suisse Alternative Capital.Citigroup said in a regulatory filing earlier this month that it “continues to cooperate fully in response to subpoenas and requests for information from the Securities and Exchange Commission”.Spokeswoman Danielle Romero-Apsilos declined to comment on the specific probe yesterday but said in an email: “It’s been widely reported that there are ongoing industry-wide investigations into CDO-related matters.”Shareholders have also sued Citigroup over its CDOs and other securities, claiming the bank knowingly misled them about the value of and risk related to the securities.A judge dismissed parts of the lawsuit earlier this month, but allowed the investors to pursue some of their CDO-related claims. whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailWanderoamIdentical Twins Marry Identical Twins – But Then The Doctor Says, “STOP”WanderoamSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusMagellan TimesThis Is Why The Roy Rogers Museum Has Been Closed For GoodMagellan Timescenter_img whatsapp Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe 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’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe Wrap2 HFPA Members Resign Citing a Culture of ‘Corruption and Verbal Abuse’The Wrap Share Show Comments ▼ Tags: NULLlast_img read more

BEST OF THE BROKERS

first_img whatsapp BAE SYSTEMSEspirito Santo Investment Bank, which incorporates Execution Noble, recommends a “buy” on BAE?Systems, saying the stock “has sunk back towards the bottom end of its historic price-to-earnings ratio range”. The broker says that the risk-reward trade-off now “looks attractive heading into results”.DOMINO’S PIZZANumis rated the stock a “buy” yesterday, ahead of its trading update today. It expects the profit and loss statement to have been affected by tough comparisons with last year and snow-related disruption, but anticipates a strong update nonetheless. The broker says the stock should be driven higher by successful marketing campaigns.PRESIDENT PETROLEUMRBS rates the AIM-listed oil and gas producer a “buy” despite well delays and increasing costs. It says the growing costs are “not particularly significant in the context of the current share price” says that the drilling is overall in a good position. However, if the company finds as much oil as predicted, development costs could escalate further. Share Show Comments ▼ KCS-content Tags: NULLcenter_img Tuesday 4 January 2011 7:12 pm whatsapp More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative 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.orgKansas coach fired for using N-word toward Black playerthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.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.com BEST OF THE BROKERS by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeHistorical GeniusHe Was The Smartest Man Who Ever Lived – But He Led A Miserable LifeHistorical GeniusElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comlast_img read more

At last: Some good news for Bob Dudley

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailOpulent ExpressHer Quadruplets Were Born Without A Hitch. Then Doctors Realized SomethingOpulent ExpressElite HeraldExperts Discover Girl Born From Two Different SpeciesElite HeraldFamilyMindedThe Most Common Astrology Questions People AskFamilyMindedmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comJournalistateCanal Drained For First Time And They Find ThisJournalistateStadium TalkBest Basketball Player Ever From Every StateStadium TalkThe Sports DropForgotten NCAA Stars: Where Are They Now?The Sports DropForbes14 Richest Black Billionaires RankedForbes THIS isn’t the end, but it is certainly the beginning of the end. Counterintuitively, the spill commission’s report is good news for BP, the best it’s had in some time. It censures BP, that is to be expected. But it also singles out Transocean and Halliburton for blame. The authorities – only too keen to wag a finger from the sidelines – also come in for some uncomfortable criticism. The commission’s conclusions only reinforce our view that it will be almost impossible to prove that BP acted with gross negligence.For that reason, analysts at Evolution think the total impact of the spill will be around $25-$30bn rather than the $40-$50bn being priced in by the market. And that’s before makes claims against Transocean and Halliburton.It’s earlier than we expected, but it could well be time to buy BP again. If not now, then when? More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBiden 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.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.com Tags: NULL At last: Some good news for Bob Dudley center_img whatsapp Share KCS-content Show Comments ▼ Thursday 6 January 2011 7:32 pmlast_img read more

Slap in the face

first_img Tags: NULL whatsapp Slap in the face by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen Herald More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org DAVID Cameron delivered a remarkable snub to the City yesterday, after he excluded it from a list of Britain’s “high growth” industries.In a speech outlining where he expects growth to come from in the coming years, the Prime Minister said that tourism, green energy, pharmaceuticals, advanced manufacturing and aerospace were the five “industries of the future”. He failed to name-check a swathe of successful City sectors that have accounted for significant growth in recent years – such as insurance, law, accountancy, fund management and business services – a move that will be seen as a slap in the face by many in London’s business community. Although Cameron said he didn’t want to make “banking smaller or the City of London smaller”, he only mentioned the Square Mile once in the 11-page speech. The creative industries and education were also ignored.UK financial services alone paid £53.4bn in tax last year – more than any other sector. Cameron’s decision to downplay the role of financial and business services is at odds with the strategy of other successful economies, such as New York, Hong Kong and Singapore, which are fighting to grow these industries. It also goes against the view that the UK has a comparative advantage in high value added business services of the sort London specialises in.Last night, a Downing Street source insisted the Prime Minister had not intended to talk down the City, and said it was “a given” that it was a growth industry. “The City is a hugely important growth industry, and it would be quite wrong to interpret otherwise,” she said But a spokesman for Boris Johnson said: “The Prime Minister is right to identify vital industries that we all wish to develop and grow in the future to create wealth.”“But the Mayor would argue that this should not come at the expense of industries that are already world leading, and which have produced enormous benefits for the capital and our country”. center_img whatsapp KCS-content Share Thursday 6 January 2011 9:18 pm Show Comments ▼last_img read more

Japanese consumers downbeat

first_img Japanese consumers downbeat Tags: NULL Recent positive data from Japan was dampened yesterday, as consumer confidence slipped downwards for the sixth successive month. The figures, released by the Bank of Japan, disappointed economists who had expected an upturn. whatsapp Show Comments ▼ KCS-content center_img Share whatsapp Monday 17 January 2011 8:44 pm Read This NextRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapCNN’s Brian Stelter Draws Criticism for Asking Jen Psaki: ‘What Does theThe 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’Sex and the City’ Sequel Series at HBO Max Adds 4 More ReturningThe WrapHarvey Weinstein to Be Extradited to California to Face Sexual AssaultThe WrapThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot’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 Wrap by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBrake For ItThe Most Worthless Cars Ever MadeBrake For ItBetterBe20 Stunning Female AthletesBetterBeAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.comlast_img read more