Standard Life Aberdeen shares slump after £109bn Scottish Widows mandate is axed

Share Standard Life Aberdeen shares slump after £109bn Scottish Widows mandate is axed While almost a fifth of Standard Life Aberdeen’s assets look like they might be walking out the door, this only equates to five per cent of revenues, as these investment services are relatively low margin. It’s also worth noting the sort of funds involved are not run by the star managers of the stable, rather they are the sort of strategies that feature in older pension contracts sold under the Scottish Widows banner. whatsapp Thursday 15 February 2018 11:14 am Standard Life Aberdeen was today dealt a blow after being stripped of £109bn of assets it manages on behalf of life insurer Scottish Widows.The newly merged fund management behemoth said it would lose up to five per cent of annual revenues and take a £40m impairment charge after Scottish Widows’ owner Lloyds Bank pulled the trigger on a “material competitor” clause. “Negotiations had been ongoing during the six-month transition period to broker a new agreement between the two companies, with Lloyds intent upon seeing a reduction in fees on their investment or a transferral of a chunk of SLA’s pension bulk annuities business,” said Accendo Markets analyst Henry Croft.”However, just a day after the expiry of the agreement, Lloyds has jumped at the opportunity to remove a significant chunk of the all-Scottish asset manager’s assets under management, with the newly-merged company losing its largest client half a year into its post-merger life.”Hargreaves Lansdown senior analyst Laith Khalaf said the move was a blow for Standard Life Aberdeen but had “been on the cards ever since the merger”. Standard Life Aberdeen shares fell over seven per cent in trading today.A review was kicked off six months ago by Scottish Widows and Lloyds Bank following the merger of Standard Life and Aberdeen Asset Management.Scottish Widows chief executive Antonio Lorenzo said: “It is now appropriate to review our long-term asset management arrangements to ensure they remain up-to-date and that customers continue to receive good service and investment performance.“Therefore, we will begin an in-depth assessment f the market to identify a long-term strategic partner, or partners, to manage the current £109bn of assets.”The co-heads of Standard Life Aberdeen Keith Skeoch and Martin Gilbert said they were “disappointed” by Scottish Widows’ decision. whatsapp Read more: Lloyds snaps up £15bn Zurich workplace pensions arm “We will be discussing the implications of this with Lloyds Banking Group and Scottish Widows,” they said in a statement.Scottish Widows said it would welcome Standard Life Aberdeen to re-tender for the mandate if it was “able to resolve the competition issue”.Read more: Standard Life Aberdeen had £23bn of net outflows this yearMiddle groundIt is understood the duo are at odds over whether Standard Life’s merger with Aberdeen Asset Management has created a “material competitor”.Sources at Standard Life Aberdeen were confident some kind of “middle ground” could be found, allowing the FTSE 100 firm to recapture at least some of the assets relinquished. Oliver Gill read more

Gulf Marine Services losses sink by $124.3m due to Covid and boat repairs

first_img Show Comments ▼ The group, which offers offshore oil, gas and renewables industries vessels, spent $87.7m on seven boat impairments last year. (Getty Images) The patched-up boats took the year’s losses to $124.3m. GMS enjoyed a total write-off of $16.2m relating to the renegotiation of bank facilities in June last year. Friday 14 May 2021 8:39 am The group, which offers offshore oil, gas and renewables industries vessels, spent $87.7m on seven boat impairments last year. (Getty Images) Also Read: Gulf Marine Services losses sink by $124.3m due to Covid and boat repairs whatsapp The group, which offers offshore oil, gas and renewables industries vessels, spent $87.7m on seven boat impairments last year. (Getty Images) Also Read: Gulf Marine Services losses sink by $124.3m due to Covid and boat repairs Offshore industries boat provider Gulf Marine Services reported losses of $124.3m this morning, despite its revenue sinking by just six per cent last year. Gulf Marine Services (GMS), which offers offshore oil, gas and renewables industries vessels, also spent $87.7m in total on seven boat impairments last year. whatsapp GMS also welcomed a board shuffle, with Mansour Al Alami joining as executive chairman in November, succeeding Tim Summers. Share The company was hit by a collision of unforeseen costs with Covid-19 and relocating two vessels from Europe to the Middle East, which totalled $6.8m and $2.3m respectively. The boat impairments did not hinder operations too much, however, as the group reported operational downtime as less than two per cent. Also joining in November was Rashid Al Jarwan as an independent non-executive director and Hassan Heikal as non-executive director. Heikal was promoted to deputy chairman in February this year. Gulf Marine Services losses sink by $124.3m due to Covid and boat repairs Shares were down 2.29 per cent this morning, with prices sitting at 7.24p per share. Millie Turner Despite boat utilisation surging 81 per cent, up 12 per cent from 2019 figures, its sales fell by $3.7m from 2019 to $70.9m, the group said in its full year unaudited results for the year ending 31 December. Tags: Covid-19 a year onlast_img read more

Moody’s warns Brexit is a bigger threat to UK credit rating than 2015 General Election

first_img whatsapp Moody’s warns Brexit is a bigger threat to UK credit rating than 2015 General Election Share Express KCS More From Our Partners Kansas coach fired for using N-word toward Black playerthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgLA news reporter doesn’t seem to recognize actor Mark Currythegrio.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPorsha Williams engaged to ex-husband of ‘RHOA’ co-star Falynn Guobadiathegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgColin Kaepernick to publish book on abolishing the policethegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comMatt Gaetz swindled by ‘malicious actors’ in $155K boat sale boondogglenypost.comMan on bail for murder arrested after pet tiger escapes Houston homethegrio.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comInstitutional Investors Turn To Options to Bet Against AMCvaluewalk.com‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.comKiller drone ‘hunted down a human target’ without being told tonypost.com Wednesday 8 April 2015 9:45 pm whatsapp Show Comments ▼ The prospect of Britain leaving the European Union could cause more damage to the country’s credit rating than uncertainty over the outcome of May’s General Election, Moody’s warned yesterday.The ratings agency said a potent­ial period of uncertainty if neither the Conservatives nor Labour wins an overall majority on 7 May was unlikely to affect the country’s credit profile. However, it warned that an exit from the European Union – or a Brexit ­– could put pressure on its rating and force Moody’s to re-analyse its growth prospects.“As the EU accounts for around 50 per cent of the UK’s goods and 36 per cent of its services exports, a withdrawal from the EU could have negative implications for trade and investment, both ahead of the event and following it,” the agency said.David Cameron has pledged to call a referendum on Britain’s membership of the EU by 2017 if the Conservatives form a government after the election, as well as promising to renegotiate the terms of the UK’s membership. Moody’s warned that failing to renegotiate similar trade terms could damage its growth prospects and in turn its credit rating. UK firms are also poised to start including formal warnings over uncertainties related to an exit.Sky News reported last night that dozens of companies are in talks with lawyers over including such warnings in their corporate announcements. Tags: Brexit General Election 2015last_img read more

Suspected bird flu found in Lancashire

first_img Suspected bird flu found in Lancashire by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailInvestment GuruRemember Cote De Pablo? Take A Deep Breath Before You See Her NowInvestment GuruSwift VerdictChrissy Metz, 39, Shows Off Massive Weight Loss In Fierce New PhotoSwift VerdictMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekPost FunKate & Meghan Are Very Different Mothers, These Photos Prove ItPost FunForbesThese 10 Colleges Have Produced The Most Billionaire AlumniForbesComedyAbandoned Submarines Floating Around the WorldComedyGameday NewsNBA Wife Turns Heads Wherever She GoesGameday Newszenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.com Read This Next’The View’: Meghan McCain Calls VP Kamala Harris a ‘Moron’ for BorderThe WrapRick Leventhal to Exit Fox News Just as His Wife Kelly Leaves ‘RealThe WrapTop 10 Fried Chicken Spots in the U.S.GayotRicky Schroder Calls Foo Fighters’ Dave Grohl ‘Ignorant Punk’ forThe WrapNewsmax Rejected Matt Gaetz When Congressman ‘Reached Out’ for a JobThe WrapAdrian Grenier Agrees That Nate Is the ‘Real Villain’ in ‘The Devil WearsThe WrapDid Donald Trump Wear His Pants Backwards? Kriss Kross Memes Have AlreadyThe WrapJason Whitlock, Former ESPN and Fox Sports Reporter, Resurfaces at BlazeThe Wrap’In the Heights’ Stars Melissa Barrera and Leslie Grace on Nailing ThoseThe Wrap Share Friday 10 July 2015 10:55 am whatsappcenter_img whatsapp Show Comments ▼ A case of suspected bird flu has been found on a poultry farm in Lancashire, the Department for Environment, Food and Rural Affairs (Defra) says.A 10km temporary control zone has been set up around the farm, and all birds on site are to be slaughtered as a precaution. This order means all poultry farms in the area are currently banned from moving any animals for the duration the order is in place.Lab tests on the birds are ongoing, says Defra.The Food Standards Agency said there is no food safety risk. James Nickerson Tags: NULLlast_img read more

Comment / Three strategies for the peak shipping season

first_img As the 2019 peak season heats up, plenty of shippers are rightfully concerned about a repeat of last year’s turbulent ocean freight season. While tariffs continue to impact shipping volumes and freight prices, emerging issues like the impending fuel sulphur cap could complicate matters even further.The bottom line? Businesses need to get their goods in hand without breaking the bank before the holiday shopping season begins. As shippers prepare to weather another busy peak season, an agile, technology-enabled supply chain is critical to keep freight moving smoothly and customers satisfied.A cooler-than-usual peak?Many shippers started 2019 still reeling from the previous year, when spot rates skyrocketed, carriers cut back on capacity and blank sailings wreaked havoc on freight schedules. The turbulent season gave the ocean freight industry the upper hand going into the 2019 contracting season, with many carriers locking in price increases of $200 to $300 per teu compared with 2018 contract rates. While higher rates have left shippers grumbling, they could ultimately benefit businesses by stabilizing freight schedules and reducing the blank sailings that left them scrambling for expensive spot capacity last year.As the 2019 season gets into full swing, import levels are cooling off amid economic uncertainties. Total import levels reached an estimated 1.87 million teu, just 0.8% higher than the previous year, as many businesses take a more conservative approach to inventory replenishment. Staples such as school supplies and holiday items will continue to move regardless, but this strategic shift could mean a very different peak season compared with 2018’s importing frenzy.Other trends impacting peak season include ongoing trade tensions, which remain a wild card for 2019. Last year saw a spike in shipping as businesses rushed to beat U.S.-Chinese duties, but import levels could continue to taper off as businesses only ship what they need to avoid tariff increases. Chinese import volumes have decreased about 5% so far this year, according to PIERS, as shippers begin to shift sourcing to neighbouring countries like Malaysia or Vietnam.The International Maritime Organization’s (IMO) looming cap on sulphur emissions will make its mark on the season as well, with multiple vessel strings being pulled out of service for scrubbing already this summer and more maintenance on the way. While these setbacks could constrain freight capacity, a weaker market means the fallout may not be as severe.Forecast, forecast, forecastThe more aware shippers are of what’s coming down the line, the more opportunities they have to make informed decisions, hold the line on costs and ensure their goods make it into customers’ hands. As peak season ramps up, some key areas to keep in mind include:1) Gaining visibility into purchase orders. Many shippers run into a “black hole” between the time they submit an order for production and when it’s ready for shipping. Businesses need to understand what happens in that timeframe and measure incremental milestones so they can plan accordingly. For example, if production normally takes 60 days but a slower-than-usual order actually takes 73 days, it can create chaos further down the line. Gaining visibility into production progress can help shippers manage customer expectations effectively while determining the ideal freight routes for each order. For example, shippers may be able to cut costs for an order running ahead of schedule by opting for a cheaper 50-day sailing over a 30-day one. The right tech can offer valuable insights into the production process, saving shippers time and resources.2) Avoiding shortfalls when possible. Most carriers require bookings 14 to 21 days ahead of time – and they expect them to be fulfilled. Shippers do themselves and their carriers a favour by consistently respecting the advance notice policy. If a business promises 10 containers and only delivers three, the carrier may not be willing to book with them the next time, leaving them stuck with more expensive shipping alternatives. Forecasting can help shippers manage peak season volumes more easily and develop a trustworthy reputation with both carriers and customers.3) Keeping an eye on exceptions. When it comes to complex global supply chains, issues are inevitable. When logistics hit a snag, make it a point to learn where breakdowns are occurring to ensure future shipments are hitting the desired delivery day. Leveraging management tools and data can help businesses pinpoint alternate routes and modes to meet price or speed targets.With the 2019 peak season kicking off at low tide, only time will tell the true impact of tariffs and the Sulphur emissions cap on the state of ocean freight. With strategic attention to data and industry trends, forecasting consistency, and a commitment to flexibility, shippers should be well-positioned to manoeuvre through another year successfully.This guest post is by Blake Shumate, chief operating officer for American Global Logistics, one of the fastest-growing international supply chain and logistics solutions companies in the world. By Blake Shumate, Chief Operating Officer for American Global Logistics 30/08/2019last_img read more

In Pictures: Last minute goal clinches Leinster final victory for Laois minor ladies

first_img Laois County Council create ‘bigger and better’ disability parking spaces to replace ones occupied for outdoor dining Rugby Twitter TAGSLadies Minor ‘C’ Leinster Football Championship FinalLaois Minor Ladies By Siun Lennon – 13th May 2018 The scoring opened with a goal from Fitzpatrick in the fourth minute, followed by a point from midfielder Nicola Ryan and Alice Walsh.Wexford registered their first score from Emily Coakley before Emma Lawlor ran through the defence to put the ball over the bar.But as Laois eased back and full-back Jade Nolan was sent off for 10 minutes on a sin bin offence, Wexford came at them hard with three goals from Rachel Bennett, Jane Rossiter and Ciara Banville rattling the back of the Laois net within five minutes. RELATED ARTICLESMORE FROM AUTHOR Laois 5-14 Wexford 7-6Ladies Minor ‘C’ Leinster Football Championship FinalWhat a cracker. This Leinster Minor ‘C’ final had twelve goals, four sinbins, 56 points combined and a fairytale ending for Joe Nolan’s charges.However it wasn’t always looking good for the Laois ladies and in the final two minutes of the match it looked as if Wexford would be going home with the title.But cool heads, pure determination and a touch of class from Erone Fitzpatrick meant Laois celebrated being victors today in Athy. Facebook Laois bounced back with Nicola Ryan showing her strength at midfield and Emma Lawlor slotting over a point before Erone Fitzpatrick hit the back of Sally Walker’s net for the second time.Lawlor then converted a free before Ciara Bridges added a fourth point to Wexford’s tally.The Laois full-back line learnt from their previous mistakes and began to assert their physical dominance while Fitzpatrick and Alice Walsh added two more points to the board.There were widespread gasps in the stand as Emma Lawlor narrowly missed a goal chance to put Laois into the lead at the end of the first-half. The score at half-time finished with both sides drawn on 3-4 to 2-7.A tale of goals and sinbinsThe goals came blazing in during the second half, with Wexford’s Sarah Harding-Kenny fisting the ball into the net for her side in the second minute of the second-half.Laois’s Sarah Walsh landed her first point of the match before fellow full-forward Alice Walsh struck the net for the O’Moore girls.A magnificent run up the field by corner-forward Elaine Daly resulted in an Emma Lawlor point before disaster struck in the fortieth minute for Laois. Midfielder Nicola Ryan was the first of two Laois girls to be sin-binned in the half.However the O’Moore’s side did not drop their heads and a brilliant save from Sinead O’Rourke prevented another goal while Lawlor and Wexford’s main scoring threat Amy Wilson traded points.Wilson proved her scoring prowess, and when a foul on Ciara Banville resulted in a penalty for Wexford, she neatly slotted the ball in the bottom right-corner of the net.Sinead O’Rourke’s swipe on Banville meant a sinbin for the Laois keeper and Aoife Hyland replaced her in goals. Wilson put away this penalty on the right-hand side again and Wexford led 6-6 to 4-19 after 50 minutes.However Laois refused to go quietly. Fitzpatrick added another two points, one from play and one from a free before Lawlor led by example as captain and coolly converted her free and a point from play to push Laois into the lead.But Amy Wilson would throw another dagger in the works for Laois, brilliantly catching a high ball outside of the box and drilling it into the back of the net. Wexford led by a point with two minutes to go.But tough times call on tough people, and Erone Fitzpatrick stepped up, and delivered what might be the goal of her career so far right into the ball of the Wexford net in the final minute of the game. Laois won on the remarkable scoreline of 5-14 to 7-6.SCORERS- LAOIS: Erone Fitzpatrick 3-3 (0-2 frees), Emma Lawlor 1-6 (0-2 frees) Alice Walsh 1-2, Sarah Walsh 0-1,Nicola Ryan 0-1Laois: Sinead O’Rourke (St. Pauls), Isabelle Fennelly (Shanahoe), Jade Nolan (Graiguecullen), Elaine Daly (Park/Ratheniska); Ciara Hughes (Sarsfields) Aoife Daly (Park/Ratheniska), Lisa Walsh (St. Brigid’s); Nicola Ryan (Shanahoe) Isabelle O’Toole (St. Pauls); Erone Fitzpatrick (Park/Ratheniska), Emma Lawlor (St. Pauls), Caoimhe Fitzpatrick (Graiguecullen); Alice Walsh (Shanahoe), Sarah Walsh (St. Conleths), Megan Walsh (Shanahoe) Subs: Rebecca Balfe for M Walsh (15 minutes)Wexford: Sally Walker; Lauren Roche, Orla Fortune, Aisling Halligan; Ciara O’Connor, Niamh Dunne, Rosie McGuckin; Sarah Harding-Kenny, Sherene Hamilton; Emily Coakley, Rachel Bennett, Ciara Bridges; Jane Rossiter, Amy Wilson, Ciara Banville SEE ALSO – Our pick of the top stories of the week WhatsApp Twittercenter_img Home Sport GAA In Pictures: Last minute goal clinches Leinster final victory for Laois minor… SportGAALadies Football WhatsApp Facebook Community Five Laois monuments to receive almost €200,000 in government funding In Pictures: Last minute goal clinches Leinster final victory for Laois minor ladies Council Previous articleOur pick of the top stories of the weekNext articleThis is what I’m studying: Meet the Portlaoise man studying in GMIT Siun Lennonhttp://heresosiun.blogspot.ie/2016/09/the-lekkie-piccie-experience.htmlSiún Lennon joined LaoisToday in a full-time capacity after studying Journalism and New Media in the University of Limerick. She hails from Rosenallis and her interests vary from news, sports and politics. Ten Laois based players named on Leinster rugby U-18 girls squad Pinterest Pinterestlast_img read more

Despite higher prices, donju bathhouses trump state equivalents

first_img Facebook Twitter With winter in full swing, bath houses runby the new affluent middle class donju are gaining great popularity. Despite massive state-run baths known as ‘Eundeokwon,” which boast elegant decorinside and out, their poor hot water supply deters most people from stepping foot inside, DailyNK has learned. “Small cities have flashy Eundeokwon bathhouses that come with hair salons, and facilities for drinks and food, but noone really goes there,” a source from North Hamgyong Province told Daily NK onMonday. “Most people go to smaller baths run by donju instead.”Sources in Yanggang Province and South Hamgyong Province confirmed this to be the case in their regions as well.“At the state-run baths not only do you not get hot running water, you have towait shivering in the cold while the water is heated up in a 10 liter bucketset on a small coal burner,” she explained. “But the private (i.e. donju-run) baths comewith saunas and proper hot water bath areas, so there’s an endless stream ofcustomers.” Another factor that repels customers frompublic baths is the smoke and stench coming from the coal burner, which is whymost people do not go to Eundeokwon if they can help it. Private bath housesuse oak fireplaces instead, ensuring hot water is always ready. Thetemperatures are so high the heat can get “suffocating,” according to thesource. Despite the slight drop in wood prices recently, state-run and donju bath houses in the northeastern regions of North Korea both predominately rely on timber from the markets as fuel. To cover the fluctuating price of wood and transportation costs, state-operated bathhouses recently bumped prices up from 200 KPW to 500 KPW [0.02-0.06 USD] for communal baths and from 1,000 KPW to1,500 KPW [0.12-0.17 USD] for personal ones.  “Compared to Eundeokwon, the prices atdonju establishments are 1,000 to 1,500 KPW [0.12-0.17 USD] more expensive but you can enjoy amuch cleaner bath,” she asserted.These private baths are commonly frequentedby donju and cadre members who often come with their mistresses. This isbecause at public bath houses, customers are required to present their nationalIDs unlike at donju-operated facilities.“The private baths that are located inareas without a lot of people at night even hire one or two femalescrubbers usually around 17 or 18 years of age, which is why a lot of donju goat late hours,” the source said. “People pay for their baths, and if theyrequest skin scrubbing services, a scrub mistress will enter the personal bathafter about 20 minutes and provide this service.” This additional service comes with an extra20,000 KPW [2.3 USD] fee, and women scrubbers are often given a 10,000 KPW tip. “This isbecoming a new trend, so now many private bath houses are out to hire femaleworkers,” she concluded.  US dollar and Chinese reminbi plummet against North Korean won once again North Korea Market Price Update: June 8, 2021 (Rice and USD Exchange Rate Only) SHARE RELATED ARTICLESMORE FROM AUTHOR News News center_img Proposal to shift “general markets” to “specialized markets” finds little support among N. Korean leaders Despite higher prices, donju bathhouses trump state equivalents AvatarChoi Song Min News NewsEconomy By Choi Song Min – 2015.12.11 2:16pm last_img read more

Residents of Saskatchewan to benefit from recreation, water, and bridge infrastructure projects

first_imgResidents of Saskatchewan to benefit from recreation, water, and bridge infrastructure projects From: Infrastructure CanadaToday, the Honourable Jim Carr, Special Representative for the Prairies, on behalf of the Honourable Catherine McKenna, Canada’s Minister of Infrastructure and Communities, and the Honourable Don McMorris, Saskatchewan’s Minister of Government Relations, announced more than $33 million in joint funding for 26 projects in Saskatchewan. Today, the Honourable Jim Carr, Special Representative for the Prairies, on behalf of the Honourable Catherine McKenna, Canada’s Minister of Infrastructure and Communities, and the Honourable Don McMorris, Saskatchewan’s Minister of Government Relations, announced more than $33 million in joint funding for 26 projects in Saskatchewan. Recreation infrastructure projects include a new park and community garden in the Village of Craven. This project – along with improvements to arenas, pools, playgrounds, and community centres across Saskatchewan – will provide residents with access to programs and services, and promote a healthy lifestyle. The Rural Municipality of Porcupine No. 395 and the Rural Municipality of Preeceville No. 334 will see the replacement of rural bridges to strengthen the ability to move goods and services on the local transportation network. Additionally, important upgrades to water and wastewater systems in the Town of Hudson Bay and the Village of Edenwold will help protect the health of residents and the environment.Providing communities with reliable and sustainable infrastructure is a shared priority for both governments. To that end, the Government of Canada is investing more than $21 million in these projects through the Investing in Canada plan. The Government of Saskatchewan is contributing over $12 million.All orders of government continue to work together for the people of Saskatchewan to make strategic infrastructure investments in communities across the province.Quotes“The Government of Canada is taking decisive actions to help create jobs and support our economy. These projects in Saskatchewan will provide better access to community amenities such as playgrounds and swimming pools, update sewage systems and provide reliable, efficient water services. Canada’s infrastructure plan invests in thousands of projects, creates jobs across the country, and builds cleaner, more inclusive communities.”The Honourable Jim Carr, Special Representative for the Prairies, on behalf of the Honourable Catherine McKenna, Canada’s Minister of Infrastructure and Communities“Our provincial government is proud to play a role in these infrastructure initiatives by investing more than $12 million that will help them move from the drawing board to reality. These projects improve the rural transportation system, water and recreation facilities, create jobs, improve quality of life and strengthen Saskatchewan.”The Honourable Don McMorris, Saskatchewan’s Minister of Government RelationsQuick factsThrough the Investing in Canada plan, the federal government is investing more than $180 billion over 12 years in public transit projects, green infrastructure, social infrastructure, trade and transportation routes, and Canada’s rural and northern communities.$26.9 billion of this funding is supporting green infrastructure projects.$25.3 billion of this funding is supporting social infrastructure in Canadian communities.$2 billion of this funding is supporting infrastructure that meets the unique needs of rural and northern communities, like facilities to support food security, local access roads and enhanced broadband connectivity.In Saskatchewan, Infrastructure Canada has invested more than $721 million in over 400 infrastructure projects under the Investing in Canada plan. /Public Release. This material comes from the originating organization and may be of a point-in-time nature, edited for clarity, style and length. View in full here. Why?Well, unlike many news organisations, we have no sponsors, no corporate or ideological interests. We don’t put up a paywall – we believe in free access to information of public interest. Media ownership in Australia is one of the most concentrated in the world (Learn more). Since the trend of consolidation is and has historically been upward, fewer and fewer individuals or organizations control increasing shares of the mass media in our country. According to independent assessment, about 98% of the media sector is held by three conglomerates. This tendency is not only totally unacceptable, but also to a degree frightening). Learn more hereWe endeavour to provide the community with real-time access to true unfiltered news firsthand from primary sources. It is a bumpy road with all sorties of difficulties. We can only achieve this goal together. Our website is open to any citizen journalists and organizations who want to contribute, publish high-quality insights or send media releases to improve public access to impartial information. You and we have the right to know, learn, read, hear what and how we deem appropriate.Your support is greatly appreciated. All donations are kept completely private and confidential.Thank you in advance!Tags:broadband, Canada, community, community garden, Economy, environment, federal government, Government, infrastructure, Minister, project, quality, security, sustainable, trade, Wastewaterlast_img read more

VIDEO: Clark County Today reporter may have COVID-19

first_imgVIDEO: Clark County Today reporter may have COVID-19Posted by Chris BrownDate: Thursday, March 26, 2020in: Newsshare 0 Jacob Granneman and his wife have been in self-quarantine since last week after experiencing symptoms See Facebook video here.CLARK COUNTY — Jacob Granneman, a reporter for ClarkCountyToday.com, has been staying home for the past week after experiencing symptoms similar to COVID-19.So far, the symptoms haven’t gone beyond a dry cough, tightness in the chest, fatigue, and some achyness, Jacob says, along with the peculiar loss of smell and taste that some have connected with the virus spreading across the globe.Granneman says he first thought it may be allergies, but many of the symptoms were worse than he’s experienced in previous years.After speaking with his healthcare provider, Granneman says he’s laying low and won’t seek to have the diagnosis confirmed through a test.Medical experts are urging anyone who thinks they may have contracted the virus to stay home unless you absolutely need medical care, and to remain in isolation until at least 72 hours after your symptoms have completely gone away.For many people, the infection seems to last up to 14 days, though it can be worse in people with underlying health conditions, or many over the age of 60.Clark County currently has 48 confirmed cases of COVID-19, including 28 newly confirmed cases on Thursday, along with five fatalities. AdvertisementThis is placeholder textTags:Clark CountyCovid-19LatestVancouvershare 0 Previous : Evergreen Public Schools donates medical supplies to CRESA Next : Battle Ground School District student lunch debt wiped clean by anonymous donorAdvertisementThis is placeholder textlast_img read more

Uber’s self-driving SUV saw pedestrian, did not brake, says safety board

first_img RELATED TAGSNews Buy It! Princess Diana’s humble little 1981 Ford Escort is up for auction An engagement gift from Prince Charles, the car is being sold by a Princess Di “superfan” ‹ Previous Next › PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca Separately, the Tempe Police Department said it has submitted a report on its investigation to the Maricopa County Attorney’s Office, but would not release any information about it until a review of the report by the office is completed. The county attorney is the main prosecution agency for most of the Phoenix area. Trending Videos See More Videos Trending in Canada We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information.center_img The autonomous Uber SUV that struck and killed an Arizona pedestrian in March spotted the woman about six seconds before hitting her, but did not stop because the system used to automatically apply brakes in potentially dangerous situations had been disabled, according to federal investigators.In a preliminary report on the crash, the U.S.’ National Transportation Safety Board said Thursday that emergency braking is not enabled while Uber’s cars are under computer control, “to reduce the potential for erratic vehicle behaviour.”Instead, Uber relies on a human backup driver to intervene. The system, however, is not designed to alert the driver. advertisement Created with Raphaël 2.1.2Created with Raphaël 2.1.2 In this March 20, 2018, file photo provided by the National Transportation Safety Board, investigators examine a driverless Uber SUV that fatally struck a woman in Tempe, Ariz. In a preliminary report on the crash released Thursday, May 24, federal investigators said the autonomous Uber SUV that struck and killed an Arizona pedestrian in March spotted the woman about six seconds before hitting her, but didn’t stop automatically because emergency braking was disabled. COMMENTSSHARE YOUR THOUGHTS The agency, which can make safety recommendations to other federal agencies, said information in the preliminary report can change as the investigation progresses and that no conclusions should be drawn from the report.The NTSB preliminary report doesn’t provide “any decisive findings or conclusions,” said Daniel Scarpinato, spokesman for Arizona Gov. Doug Ducey. “We await the more thorough and final investigative report. Uber’s self-driving vehicle suspension remains in place.” The Rolls-Royce Boat Tail may be the most expensive new car ever In the crash, the driver began steering less than a second before impact but didn’t brake until less than a second after impact, according to the preliminary report, which does not determine fault.A video of the crash showed the driver looking down just before the vehicle struck and killed 49-year-old Elaine Herzberg in Tempe, Arizona.Uber said in a company release that it has worked closely with the NTSB and is doing an internal review of its self-driving vehicle program. The company also has brought in former NTSB Chairman Christopher Hart “to advise us on our overall safety culture, and we look forward to sharing more on the changes we’ll make in the coming weeks.”The NTSB report comes a day after Uber pulled its self-driving cars out of Arizona, eliminating the jobs of about 300 people who served as backup drivers and performed other jobs connected to the vehicles. Uber had suspended testing of its self-driving vehicles in Arizona, Pittsburgh, San Francisco and Toronto while regulators investigated the cause of the March 18 crash. RELATED News Motor Mouth: Recent fatalities point to need for more autonomous car oversight by  David Booth  | April 2, 2018 Sensors on the fully autonomous Volvo XC-90 SUV spotted Herzberg while the car was travelling 79 km/h and determined that braking was needed 1.3 seconds before impact, according to the report.Herzberg was pushing a bicycle across a boulevard in the darkness when the crash occurred on a part of the road that had no crosswalk and was not lighted, the report said.She was wearing dark clothing and did not look in the direction of the vehicle until just before impact. A toxicology report showed that she tested positive for methamphetamine and marijuana, according to the NTSB.Also, the bicycle had no side reflectors and the front and back reflectors were perpendicular to the Uber SUV.Uber also disabled the Volvo’s factory-equipped automatic emergency braking system when the vehicle is in autonomous mode, the report said.In an interview with the NTSB, Uber’s backup driver said she had been monitoring the “self-driving interface.” While her personal and business telephones were in the vehicle, she said neither was in use at the time of the crash.The NTSB said that all other aspects of the SUV’s self-driving system were running normally at the time, and there were no faults or diagnostic trouble messages.Created with Raphaël 2.1.2Created with Raphaël 2.1.2An Uber self-driving Volvo XC90.last_img read more